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Note to Consolidated Statement of Income
Three Months Ended March 31, 2008
Description of Adjustment and Reconciliation of GAAP to Non-GAAP Measures
(unaudited)
(in millions, except per share and percentage data)
The company's GAAP results for the three months ended March 31, 2008
included a charge related to COLLEAGUE infusion pumps, which impacted the
results as follows:
Income
Pre-tax Tax Net Diluted
Income Expense Income EPS
------------------------------------
GAAP $534 $105 $429 $0.67
COLLEAGUE infusion pump charge (A) 53 8 45 0.07
------------------------------------
Excluding specified item $587 $113 $474 $0.74
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Effective tax rate 19.3%
(A) Included in the Cost of Goods Sold line in the accompanying
consolidated statement of income. Excluding this charge, adjusted
gross profit was $1,433 and the adjusted gross profit percentage was
49.8%.
BAXTER INTERNATIONAL INC.
Condensed Consolidated Balance Sheets
(unaudited)
($ in millions)
March 31, 2008 December 31, 2007
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Assets
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Cash and equivalents
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