Acquisitions and Collaborations (Tables)

9 Months Ended

Sep. 30, 2013

Summary of Fair Value of Consideration Transferred and Preliminary Amounts Recognized for Assets Acquired and Liabilities Assumed

The following table summarizes the fair value of the consideration transferred and the preliminary amounts recognized for assets acquired and liabilities assumed as of the acquisition date.

(in millions)
Consideration transferred
Cash	$	3,704
Fair value of consideration transferred	$	3,704
Assets acquired and liabilities assumed
Cash	$	88
Accounts receivable		483
Inventories		367
Prepaid expenses and other		54
Property, plant, and equipment		854
Other intangible assets		1,650
Other assets		11
Current-maturities of long-term debt and lease obligations		(2	)
Accounts payable and accrued liabilities		(334	)
Long-term debt and lease obligations		(261	)
Other long-term liabilities (including pension obligations of $214)		(458	)
Total identifiable net assets		2,452
Goodwill		1,252
Total assets acquired and liabilities assumed	$	3,704

Subsidiary Information in Consolidated Statement of Income from Acquisition

The following table presents information for Gambro that is included in Baxter’s consolidated statement of income from the acquisition date through September 30, 2013.

(in millions)	Gambro’s operations included in Baxter’s results
Net sales		$100
Net loss		$ (17	)

Supplemental Pro Forma Information

The following table presents supplemental pro forma information as if the acquisition of Gambro had occurred on January 1, 2012 for the three and nine months ended September 30, 2013 and 2012.

	Unaudited Pro Forma Consolidated Results
	Three months ended September 30,				Nine months ended September 30,
(in millions, except per share information)	2013		2012		2013		2012
Net sales	$	4,038	$	3,855	$	11,933	$	11,594
Net income		547		568		1,713		1,613
Basic earnings per share	$	1.01	$	1.04	$	3.16	$	2.92
Diluted earnings per share	$	1.00	$	1.03	$	3.11	$	2.90

Summary of Fair Value of Consideration Transferred and Recognized Amounts of Assets Acquired and Liabilities Assumed

The following table summarizes the updated estimated fair value of consideration transferred and the recognized amounts of the assets acquired and liabilities assumed as of the acquisition date for the Inspiration / Ipsen OBI-1 business.

(in millions)
Consideration transferred
Cash	$  51
Contingent payments	269
Fair value of consideration transferred	$320
Assets acquired and liabilities assumed
Other intangible assets	$288
Other assets, net	25
Goodwill	7
Total assets acquired and liabilities assumed	$320