On November 16, 2021, Baxter International Inc. entered into a Purchase Agreement with J.P. Morgan Securities LLC and Citigroup Global Markets Inc., as representatives of the several initial purchasers named in Schedule I thereto as Initial Purchasers (the ?Initial Purchasers?), pursuant to which the Company agreed to sell, and the Initial Purchasers agreed to purchase, subject to the terms and conditions set forth therein, $800,000,000 aggregate principal amount of 0.868% Senior Notes due 2023, $1,400,000,000 aggregate principal amount of 1.322% Senior Notes due 2024, $1,450,000,000 aggregate principal amount of 1.915% Senior Notes due 2027, $1,250,000,000 aggregate principal amount of 2.272% Senior Notes due 2028, $1,550,000,000 aggregate principal amount of 2.539% Senior Notes due 2032, $750,000,000 aggregate principal amount of 3.132% Senior Notes due 2051, $300,000,000 aggregate principal amount of Floating Rate Senior Notes due 2023 and $300,000,000 aggregate principal amount of Floating Rate Senior Notes due 2024 (collectively, the ?Notes?), in a private placement that is exempt from the registration requirements of the Securities Act of 1933, as amended (the ?Securities Act?). The offering of the Notes is expected to close on December 1, 2021, subject to customary closing conditions.