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Baxter Raises Full-Year 2008 Outlook Following Strong Second-Quarter Financial Results
Date:7/17/2008

p>Receivables 2,217 2,026

Inventories 2,571 2,334

Other current assets 624 656

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Total current assets 7,559 7,555

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Property, plant and equipment, net 4,680 4,487

Other long-term assets 3,231 3,252

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Total assets $15,470 $15,294

==========================================================================

Liabilities and Shareholders' Equity

------------------------------------

Short-term debt $62 $425

Other current liabilities 3,331 3,387

Long-term debt 3,172 2,664

Other long-term liabilities 1,686 1,902

Shareholders' equity 7,219 6,916

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Total liabilities and

shareholders' equity $15,470 $15,294

==========================================================================

BAXTER INTERNATIONAL INC.

Cash Flows from Operations and Changes in Net Debt

(unaudited)

($ in millions)

Cash Flows from Operations

(Brackets denote cash outflows) Three Months Ended Six Months Ended

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SOURCE Baxter International Inc.
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