百特国际 2024年度报告

Washington, D.C. 20549_____________________________________________________________________________________________ (Mark One) ☑ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________Commission file number1-4448_____________________________________________________________________________________________ Baxter International Inc. (Exact Name of Registrant as Specified in its Charter)_____________________________________________________________________________________________ One Baxter Parkway,Deerfield,Illinois60015(Address of Principal Executive Offices)(Zip Code) Registrant’s telephone number, including area code224.948.2000Securities registered pursuant to Section12(b) of the Act: Name of Each Exchange on Which Registered New York Stock ExchangeNew York Stock ExchangeNew York Stock Exchange Common stock, $1.00 par value1.3% Global Notes due 20251.3% Global Notes due 2029 Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.Yes☐No☑ Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or 15(d) of the Act.Yes☐No☑ Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of 1934during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filingrequirements for the past 90 days.Yes☑No☐ Indicate by check mark whether registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit suchfiles)Yes☑No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growthcompany” in Rule 12b-2 of the Exchange Act. Large accelerated filer☑Non-accelerated filer☐Emerging growth company☐ Accelerated filer☐Smaller reporting company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any newor revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internalcontrol over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm thatprepared or issued its audit report.☑ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in thefiling reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensationreceived by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☑ directors and executive officers are affiliates, was approximately $17billion. The number of shares of the registrant’s common stock, $1.00 par value,outstanding as of February13, 2025 was511,624,996. DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant’s definitive 2024 proxy statement for use in connection with its Annual Meeting of Stockholders expected to be held on May6,2025 are incorporated by reference into Part III of this report. TABLE OF CONTENTS NumberItem 1.Business1Item 1A.Risk Factors8Item 1B.Unresolved Staff Comments30Item 1C.Cybersecurity30Item 2.Properties32Item 3.Legal Proceedings32Item 4.Mine Safety Disclosures32Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases ofEquity Securities34Item 6.Reserved34Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations34Item 7A.Quantitative and Qualitative Disclosures About Market Risk63Item 8.Financial Statements and Supplementary Data64Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure129Item 9A.Controls and Procedures129Item 9B.Other Information129Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections129Item 10.Directors, Executive Officers and Corporate Governance130Item 11.Executive Compensation130I