百特国际 2026年季度报告

For the quarterly period ended June30, 2026 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 BAXTER INTERNATIONAL INC. (Exact name of registrant as specified in its charter)_________________________________________________________________________________ (Registrant’s telephone number,including area code) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 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 the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, 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☐ 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 is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No The number of shares of the registrant’s Common Stock, par value $1.00 per share, outstanding as of July23, 2026 was 516,995,999 shares. BAXTER INTERNATIONAL INC.FORM 10-QFor the quarterly period ended June30, 2026TABLE OF CONTENTS PART I.FINANCIAL INFORMATION2Item 1.Financial Statements (unaudited)2Condensed Consolidated Balance Sheets2Condensed Consolidated Statements of Income (Loss)3Condensed Consolidated Statements of Comprehensive Income (Loss)4Condensed Consolidated Statements of Changes in Equity5Condensed Consolidated Statements of Cash Flows6Notes to Condensed Consolidated Financial Statements7Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations30Item 3.Quantitative and Qualitative Disclosures about Market Risk46Item 4.Controls and Procedures47 PART II.OTHER INFORMATION48Item 1.Legal Proceedings48Item 1A.Risk Factors48Item 2.Unregistered Sales of Equity Securities and Use of Proceeds48Item 5.Other Information48Item 6.Exhibits49Signature50 Baxter International Inc.Condensed Consolidated Balance Sheets(in millions, except share information) Baxter International Inc.Condensed Consolidated Statements of Cash Flows (unaudited)(in millions) Baxter International Inc.Notes to Condensed Consolidated Financial Statements (unaudited) 1. BASIS OF PRESENTATION The unaudited interim condensed consolidated financial statements of Baxter International Inc. and its subsidiaries (we,our or Baxter) have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission(SEC) for interim financial reporting. Accordingly, certain information and note disclosures normally included in financialstatements prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP) in the United Stateshave been condensed or omitted. These unaudited interim condensed consolidated financial statements should be read inconjunction with the consolidated financial statements and notes included in our Annual Report on Form 10-K for the yearended December31, 2025 (2025 Annual Report). In the opinion of management, the unaudited interim condensed consolidated financial statements reflect all adjustmentsnecessary for a fair statement of the financial position, results of operations and cash flows for the periods presented. Allsuch adjustments, unless otherwise noted herein, are of a normal, recurring nature. The disclosures presented in ournotes to the consolidated financial statements are presented on a continuing operations basis. The results of operationsfor the current interim period are not necessarily indicative of the results of operations to be expected for the full year. Prior period segment disclosures have been recast to reflect the current period segment structure and presentation. Referto Notes 4 and 16 for further information regarding these reclassifications. 2. DISCONTINUED OPERATIONS A component of an entity is reported in discontinued operations after meeting the criteria for held-for-sale classification ifthe disposition represents a strategic shift that has (or will have) a major effect on the entity's operations and financialresults. The condensed consolidated financial s