11-K
Table of Contents

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Form 11-K

 

 

 

x ANNUAL REPORT PURSUANT TO SECTION 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the year ended December 31, 2012

OR

 

¨ TRANSITION REPORT PURSUANT TO SECTION 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                      to                     

Commission file number 1-4448

 

 

 

A. Full title of the plan and the address of the plan, if different from that of the issuer named below:

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

 

B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:

Baxter International Inc.

One Baxter Parkway

Deerfield, IL 60015

(224) 948-2000

 

 

 


Table of Contents

Baxter International Inc.

and Subsidiaries

Incentive Investment Plan

Financial Statements and Supplemental Schedule

December 31, 2012 and 2011


Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Index

December 31, 2012 and 2011

 

 

     Page(s)  

Report of Independent Registered Public Accounting Firm

     1   

Financial Statements

  

Statements of Net Assets Available for Benefits as of December 31, 2012 and 2011

     2   

Statements of Changes in Net Assets Available for Benefits for the years ended December  31, 2012 and 2011

     3   

Notes to Financial Statements

     4-14   

Supplemental Information

  

Schedule H, Line 4i: Schedule of Assets (Held at End of Year) as of December 31, 2012

     16-67   


Table of Contents

Report of Independent Registered Public Accounting Firm

To the Participants and Administrative Committee of

  the Baxter International Inc. and Subsidiaries Incentive Investment Plan

Deerfield, Illinois

We have audited the accompanying statements of net assets available for benefits of the Baxter International Inc. and Subsidiaries Incentive Investment Plan (“the Plan”) as of December 31, 2012 and 2011, and the related statements of changes in net assets available for benefits for the years then ended. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2012 and 2011, and the changes in net assets available for benefits for the years then ended in conformity with U.S. generally accepted accounting principles.

Our audit was conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental Schedule H, Line 4i - Schedule of Assets (Held at End of Year) is presented for the purpose of additional analysis and is not a required part of the basic financial statements but is supplementary information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The supplemental schedule is the responsibility of the Plan’s management. The supplemental schedule has been subjected to the auditing procedures applied in the audit of the basic 2012 financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic 2012 financial statements taken as a whole.

 

/s/ Crowe Horwath LLP
Oak Brook, Illinois
June 26, 2013


Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Statements of Net Assets Available for Benefits

December 31, 2012 and 2011 (in thousands)

 

 

     2012     2011  

Assets

    

Investments

    

Cash and cash equivalents

   $ 47,603      $ 55,858   

Common stock (including securities on loan of $2,821 in 2012 and $1,108 in 2011)

     444,196        394,301   

U.S. government and government agency issues (including securities on loan of $8,091 in 2012 and $5,336 in 2011)

     28,292        21,865   

Corporate and other obligations (including securities on loan of $7,559 in 2012 and $7,072 in 2011)

     40,509        40,242   

Commingled funds

     381,516        335,027   

Registered investment companies

     307,109        214,074   

Synthetic guaranteed investment contracts

     777,297        743,892   

Collateral held on loaned securities

     18,842        13,782   
  

 

 

   

 

 

 

Total investments at fair value

     2,045,364        1,819,041   
  

 

 

   

 

 

 

Receivables

    

Notes receivables from participants

     43,079        40,514   

Sponsor contributions

     18,963        15,102   

Accrued interest and dividends

     1,975        1,869   

Due from brokers for securities sold

     1,415        16   
  

 

 

   

 

 

 

Total receivables

     65,432        57,501   
  

 

 

   

 

 

 

Total assets

     2,110,796        1,876,542   
  

 

 

   

 

 

 

Liabilities

    

Accounts payable

     6,126        4,295   

Due to brokers for securities purchased

     —          81   

Collateral to be paid on loaned securities

     18,842        13,782   
  

 

 

   

 

 

 

Total liabilities

     24,968        18,158   
  

 

 

   

 

 

 

Net assets available for benefits, reflecting investments at fair value

     2,085,828        1,858,384   

Adjustment from fair value to contract value for fully benefit-responsive investment contracts

     (68,692     (60,432
  

 

 

   

 

 

 

Net assets available for benefits

   $ 2,017,136      $ 1,797,952   
  

 

 

   

 

 

 

The accompanying notes are an integral part of these financial statements.

 

2


Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Statements of Changes in Net Assets Available for Benefits

For the Years Ended December 31, 2012 and 2011 (in thousands)

 

 

     2012      2011  

Additions (reductions) to net assets attributed to

     

Investment income

     

Net appreciation (depreciation) in fair value of investments

   $ 168,628       $ (39,315

Interest

     28,982         30,742   

Dividends

     14,771         12,405   
  

 

 

    

 

 

 

Net investment income

     212,381         3,832   
  

 

 

    

 

 

 

Participant loan interest

     3,525         1,811   

Contributions

     

Sponsor

     59,471         53,357   

Participant

     92,936         84,207   
  

 

 

    

 

 

 
     152,407         137,564   
  

 

 

    

 

 

 

Net additions

     368,313         143,207   
  

 

 

    

 

 

 

Deductions from net assets attributed to

     

Benefits paid

     161,649         148,773   

Plan expenses

     7,138         6,569   
  

 

 

    

 

 

 

Total deductions

     168,787         155,342   
  

 

 

    

 

 

 

Increase (decrease) before transfer

     199,526         (12,135

Transfer from other plan (Refer to Note 11)

     19,658         —     

Net increase (decrease)

     219,184         (12,135
  

 

 

    

 

 

 

Net assets available for benefits

     

Beginning of year

     1,797,952         1,810,087   
  

 

 

    

 

 

 

End of year

   $ 2,017,136       $ 1,797,952   
  

 

 

    

 

 

 

The accompanying notes are an integral part of these financial statements.

 

3


Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Notes to Financial Statements

December 31, 2012 and 2011

 

 

1. General Description of the Plan

The following description of the Baxter International Inc. and Subsidiaries Incentive Investment Plan (the Plan) is provided for general information purposes only. Participants should refer to the Plan document and summary plan description for more complete information. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA).

The Plan allows tax deferred contributions in compliance with Section 401(k) of the Internal Revenue Code. Eligible participants may make pre-tax contributions of up to 50% of their eligible annual compensation within certain limitations. Newly hired employees are deemed to have elected to contribute 3% of compensation (increased by 1% per year to a total of 6%) unless they make a contrary election. The Plan sponsor, Baxter International Inc. (Baxter or the Company), matches participant contributions up to a maximum of 3.5% of the employee’s compensation. Participant contributions and Plan sponsor matching contributions are fully vested and nonforfeitable at all times. The Company also contributes an additional non-matching 3% of compensation for employees that are not eligible to participate in the Company’s U.S. qualified defined benefit pension plan, which includes all new employees hired on or after January 1, 2007, and employees who had less than five years of service on January 1, 2007 and who elected to cease earning additional service in the pension plan and participate in the higher level of Company contributions in the Plan. The additional non-matching contribution becomes fully vested after three years of service. Forfeitures of nonvested accounts are used to reduce future employer contributions.

Participants may borrow up to the lesser of $50,000 or 50% of their vested account balance. The loans are secured by the balance in the participant’s account and bear interest at variable rates as outlined in the Plan agreement. The loans are reported at their unpaid principal balance plus any accrued but unpaid interest, with no allowance for credit losses, as repayments of principal and interest are received through payroll deductions and the notes are collateralized by the participant’s account balances.

Participants or their beneficiaries may elect lump-sum benefit payments, or benefits may be paid in installments. Shares of Baxter common stock may also be distributed in kind at the participant’s election. Subject to certain provisions specified in the Plan agreement, employed participants may withdraw their pre-tax contributions, matching contributions made prior to 2008, vested non-matching contributions and related earnings in cases of financial hardship and in certain other circumstances. In the case of a participant termination of death or disability, the entire vested amount is paid to the person or persons legally entitled thereto.

Each participant’s account is credited with the participant’s contributions and an allocation of the Company’s contributions and Plan earnings, and is charged with his or her withdrawals and an allocation of Plan-related expenses. Allocations are based on participant earnings or account balances, as defined in the Plan document. The net income of the Plan is posted to the participant’s accounts on a daily basis. Each participant directs the investment of his or her account to any of the investment options available under the Plan.

Upon enrollment in the Plan, a participant may direct contributions to any of 18 investment options: Stable Income Fund, Baxter Common Stock Fund, Composite Fund, General Equity Fund, S&P 500 Flagship Fund, International EAFE Equity Index Fund, Small Cap Fund, ten different Target Retirement Funds and the Self-Managed Fund. However, non-matching contributions may not be invested in the Baxter Common Stock Fund. In addition, certain participants may maintain shares received in connection with Baxter’s 1996 spin-off of Allegiance Corporation (Allegiance), which were subsequently converted into common shares of Cardinal Health Inc. (Cardinal) upon Cardinal’s acquisition of Allegiance in 1999. These shares are maintained in the Cardinal Health Common Stock Fund. Additionally, certain participants maintain shares in Edwards Lifesciences Corporation. These shares were placed into the Edwards Lifesciences Common Stock Fund in connection with Baxter’s 2000 spin-off of its cardiovascular business. Participants are not able to make contributions or transfer existing account balances to the Cardinal Health Common Stock Fund or the Edwards Lifesciences Common Stock Fund, but may make transfers out of these funds at any time.

 

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Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Notes to Financial Statements

December 31, 2012 and 2011

 

 

2. Summary of Significant Accounting Policies

Basis of Accounting

The accompanying financial statements of the Plan have been prepared on the accrual basis of accounting. Accordingly, investment income is recognized when earned and expenses are recognized when incurred.

Valuation of Investments and Collateral

The fair value of Plan investments and collateral is determined as follows:

 

Cash and cash equivalents      These largely consist of a short-term investment fund and a money market fund, the fair value of which is based on the net asset value. The investment objectives for these funds are to provide safety for principal, daily liquidity and a competitive yield by investing in high quality instruments.
Common stock      Value based on closing prices on the valuation date in an active market on national securities exchanges.
U.S. government and government agency issues      Value based on reputable pricing vendors that typically use pricing matrices or models.
Corporate and other obligations      Value based on reputable pricing vendors that typically use pricing matrices or models.
Commingled funds      Value based on net asset values reported by the fund managers as of the Plan’s financial statement dates and recent transaction prices. The investment objectives of these funds are to track the performances of the S&P 500 (S&P 500 Flagship Fund); Europe, Australasia and the Far East (EAFE) (International EAFE Equity Index Fund); or Russell 2000 (Small Cap Fund) indexes. The underlying investments vary, with some holding diversified portfolios of domestic stocks and government agency bonds, and others holding collective investment funds. Each fund provides for daily redemptions by the Plan at reported net asset values per share, with no advance notice requirement. Refer to Note 6 for amounts invested in each of these funds.

 

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Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Notes to Financial Statements

December 31, 2012 and 2011

 

 

Registered investment companies      Value based upon the closing price from a national security exchange on the valuation date.
Synthetic guaranteed investment contracts      Value based on the fair value of the underlying securities in the contract on the valuation date plus the fair value of wrapper contracts, which is calculated using a replacement cost approach. The underlying securities are valued based upon the methodologies described above. See below for more information.
Collateral held on loaned securities      Value based upon the net asset value per unit of the short-term investment funds where the collateral is invested. Refer to Note 7 for more information on the securities lending program.
Collateral to be paid on loaned securities      Value based on the fair value of the underlying securities loaned on the valuation date, plus an incremental margin.

Income Recognition

Plan investment return includes dividend and interest income, gains and losses on sales of investments and unrealized depreciation or appreciation of investments. Purchases and sales of investments are recorded on a trade date basis. Dividends are recorded on the ex-dividend date. Interest is earned on an accrual basis.

The financial statements reflect the net depreciation or appreciation in the fair value of the Plan’s investments. This net depreciation or appreciation consists of realized gains and losses calculated as the difference between proceeds from a sales transaction and cost determined on a moving average basis, and unrealized gains and losses calculated as the change in the fair value between beginning of the year (or purchase date if later) and the end of the year.

Synthetic Guaranteed Investment Contracts

The Plan holds synthetic guaranteed investment contracts (GICs) as part of the Stable Income Fund. The synthetic GICs provide for a fixed return on principal over a specified time through fully benefit-responsive contracts issued by Transamerica (formerly Aegon Institutional Markets) and Bank of America N.A. The portfolio of assets, overall of investment grade, underlying the synthetic GICs primarily includes cash and cash equivalents, U.S. government and government agency issues, and corporate and other obligations.

The fair value of the synthetic GICs equals the total of the fair value of the underlying assets plus the fair value of the wrapper contracts. The fair value of the wrapper contracts is computed using a replacement cost approach that incorporates a comparison of the current fee rate on similar wrapper contracts to the fee being paid by the Plan. Using this approach, the fair values of the wrapper contracts were a loss of $991 thousand and a loss of $343 thousand at December 31, 2012 and 2011, respectively.

While Plan investments are presented at fair value in the Statements of Net Assets Available for Benefits, any material difference between the fair value of the Plan’s direct and indirect interests in fully benefit-responsive investment contracts and their contract value is presented as an adjustment line in the Statements of Net Assets Available for Benefits, because contract value is the relevant measurement attribute for that portion of the Plan’s net assets available for benefits. Contract value represents contributions, plus earnings, less participant withdrawals and administrative expenses. The wrapper contracts used by the Plan are fully benefit-responsive because the wrapper contract issuers are contractually obligated to make up any shortfall in the event that the underlying asset portfolio has been liquidated and is inadequate to cover participant withdrawals and transfers

 

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Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Notes to Financial Statements

December 31, 2012 and 2011

 

 

at contract value. There are currently no reserves against contract values for credit risk of the contract issuers or any other risk. The contract value for the synthetic GICs was $708.6 million and $683.5 million at December 31, 2012 and 2011, respectively.

The crediting interest rate, which is reset quarterly, can never fall below zero. The crediting rate formula smoothes the impact of interest rate changes on participant returns by amortizing any difference between market value and book value over a period of years equal to the duration of the portfolio benchmark. The average yield on the synthetic GICs was approximately 2.2% and 2.9% at December 31, 2012 and 2011, respectively. The average interest rate credited to participants on the synthetic GICs was approximately 3.4% and 3.7% for the years ended December 31, 2012 and 2011. The credit ratings for Transamerica were AA- at both December 31, 2012 and 2011, and the credit ratings for Bank of America N.A. were A at both December 31, 2012 and 2011, respectively.

Events that lead to market value withdrawals that exceed 20 percent of the contract value would limit the ability of the Plan to transact at contract value with participants. These events include restructurings, early retirement plans, divestitures, bankruptcies, or legal, tax or regulatory changes. The Plan sponsor believes that the occurrence of any such event is remote.

The wrapper providers can only terminate at a value different than contract value under an event of default (that was not remedied) such as failure to follow the terms of the contract. If a wrapper provider would like to exit the contract for another reason, the Plan can maintain the contract through an extended termination process designed to ensure continued benefit-responsive treatment for withdrawals.

Payment of Benefits and Fees

Benefits are recorded when paid. Loan origination fees associated with notes receivable from participants and the Plan’s record keeping and trustee fees are paid by the Plan and are reflected in the financial statements as Plan expenses. Investment management fees are charged to the Plan as a reduction of investment return and included in the investment income (loss) reported by the Plan. All other expenses of the Plan are paid by the Company.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and related notes to the financial statements. Changes in such estimates may affect amounts reported in future periods.

Other

Due from or due to brokers for securities sold or purchased, respectively, represent the net cash value of security trades initiated but not yet settled at each respective year-end.

Risks and Uncertainties

The Plan provides for various investment options which invest in any combination of registered investment companies, U.S. government and government agency issues, corporate and other obligations, common stock, commingled funds, synthetic guaranteed investment contracts and short-term investments. Investment securities are exposed to various risks, such as interest rate, market, liquidity and credit risks. Due to the level of risk associated with certain investment securities and the level of uncertainty related to changes in the value of investment securities, it is at least reasonably possible that changes in risks in the near term could materially affect participants’ account balances and the amounts reported in the Statements of Net Assets Available for Benefits and the Statements of Changes in Net Assets Available for Benefits. Individual participants’ accounts bear the risk of loss resulting from fluctuations in investment values.

 

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Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Notes to Financial Statements

December 31, 2012 and 2011

 

 

Investments underlying the Plan’s synthetic GICs include securities with contractual cash flows, such as asset-backed securities, collateralized mortgage obligations and commercial mortgage-backed securities, including securities backed by subprime mortgage loans. The value, liquidity and related income of these securities are sensitive to changes in economic conditions, including real estate values, delinquencies and/or defaults and may be adversely affected by shifts in the market’s perception of the issuers and changes in interest rates.

 

3. Eligibility Requirements

Employees become eligible to participate in the Plan as of the first day of the month following the completion of thirty days of employment. Eligible employees are those who meet the following requirements:

 

  A. U.S. employees of Baxter or its subsidiaries which have adopted the Plan;

 

  B. U.S. employees not covered by a collective bargaining agreement unless the agreement provides for coverage under the Plan; and

 

  C. U.S. employees who are not leased employees.

 

4. Administration of the Plan

State Street Bank and Trust Company (the Trustee) serves as trustee and ING Institutional Plan Services, LLC serves as recordkeeper for the Plan.

The Administrative Committee administers the Plan. The Investment Committee has authority, responsibility and control over the management of the assets of the Plan. Members of both committees are appointed by the Board of Directors of Baxter and are employees of Baxter.

Substantially all investment manager, trustee and administrative fees incurred in the administration of the Plan were paid from the assets of the Plan.

 

5. Fair Value Measurements

The fair value hierarchy under the accounting standard for fair value measurements consists of the following three levels:

 

   

Level 1 - Quoted prices in active markets that the Plan has the ability to access for identical assets or liabilities;

 

   

Level 2 - Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuations in which all significant inputs are observable in the market; and

 

   

Level 3 - Valuations using significant inputs that are unobservable in the market and include the use of judgment by the Plan’s management about the assumptions market participants would use in pricing the asset or liability.

 

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Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Notes to Financial Statements

December 31, 2012 and 2011

 

 

The following tables summarize the bases used to measure the Plan’s financial instruments and liabilities that are carried at fair value on a recurring basis.

 

           Basis of Fair Value Measurement  
     Balance at
December 31,
2012
   

Quoted Prices

in Active
Markets for
Identical
Assets

(Level 1)

    

Significant
Other
Observable
Inputs

(Level 2)

    

Significant
Unobservable
Inputs

(Level 3)

 
(in thousands)           

Assets

          

Cash and cash equivalents

   $ 47,603      $ —         $ 47,603       $ —     

Common stock:

          

Healthcare

     233,821        233,821         —           —     

Consumer products

     51,020        51,020         —           —     

Information technology

     57,333        57,333         —           —     

Financial services

     30,371        30,371         —           —     

Industrial services and materials

     29,686        29,686         —           —     

Energy

     14,125        14,125         —           —     

Other

     27,840        27,840         —           —     
  

 

 

   

 

 

    

 

 

    

 

 

 

Total common stock

     444,196        444,196         —           —     
  

 

 

   

 

 

    

 

 

    

 

 

 

U.S. government and government agency issues

     28,292        —           28,292         —     

Corporate and other obligations

     40,509        —           40,509         —     

Commingled funds

     381,516        —           381,516         —     

Registered investment companies:

          

Target retirement funds

     291,573        291,573         —           —     

Self-managed funds

     12,772        12,772         —           —     

Other

     2,764        2,764         —           —     
  

 

 

   

 

 

    

 

 

    

 

 

 

Total registered investment companies

     307,109        307,109         —           —     
  

 

 

   

 

 

    

 

 

    

 

 

 

Synthetic guaranteed investment contracts:

          

Corporate and other obligations

     293,972        —           293,972         —     

U.S. government and government agency issues

     442,114        —           442,114         —     

Cash and cash equivalents

     42,202        —           42,202         —     

Wrapper contracts

     (991     —           —           (991
  

 

 

   

 

 

    

 

 

    

 

 

 

Total synthetic guaranteed investment contracts

     777,297        —           778,288         (991
  

 

 

   

 

 

    

 

 

    

 

 

 

Collateral held on loaned securities

     18,842        —           18,842         —     
  

 

 

   

 

 

    

 

 

    

 

 

 

Total assets

   $ 2,045,364      $ 751,305       $ 1,295,050       $ (991
  

 

 

   

 

 

    

 

 

    

 

 

 

Liability

          

Collateral to be paid on loaned securities

   $ 18,842      $ 2,859       $ 15,983       $ —     
  

 

 

   

 

 

    

 

 

    

 

 

 

 

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Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Notes to Financial Statements

December 31, 2012 and 2011

 

 

           Basis of Fair Value Measurement  
    

Balance at

December 31,

2011

   

Quoted Prices

in Active
Markets for
Identical
Assets

(Level 1)

    

Significant
Other
Observable
Inputs

(Level 2)

   

Significant
Unobservable
Inputs

(Level 3)

 
(in thousands)          

Assets

         

Cash and cash equivalents

   $ 55,858      $ —         $ 55,858      $ —     

Common stock:

         

Healthcare

     201,587        201,587         —          —     

Consumer products

     55,827        55,827         —          —     

Information technology

     47,938        47,938         —          —     

Financial services

     21,838        21,838         —          —     

Industrial services and materials

     20,624        20,624         —          —     

Energy

     16,602        16,602         —          —     

Other

     29,885        29,885         —          —     
  

 

 

   

 

 

    

 

 

   

 

 

 

Total common stock

     394,301        394,301         —          —     
  

 

 

   

 

 

    

 

 

   

 

 

 

U.S. government and government agency issues

     21,865        —           21,865        —     

Corporate and other obligations

     40,242        —           40,242        —     

Commingled funds

     335,027        —           335,027        —     

Registered investment companies:

         

Target retirement funds

     199,777        199,777         —          —     

Self-managed funds

     11,830        11,830         —          —     

Other

     2,467        2,467         —          —     
  

 

 

   

 

 

    

 

 

   

 

 

 

Total registered investment companies

     214,074        214,074         —          —     
  

 

 

   

 

 

    

 

 

   

 

 

 

Synthetic guaranteed investment contracts:

         

Corporate and other obligations

     257,547        —           257,547        —     

U.S. government and government agency issues

     463,348        —           463,348        —     

Cash and cash equivalents

     23,347        17         23,330        —     

Wrapper contracts

     (343     —           —          (343

Other

     (7     —           (7     —     
  

 

 

   

 

 

    

 

 

   

 

 

 

Total synthetic guaranteed investment contracts

     743,892        17         744,218        (343
  

 

 

   

 

 

    

 

 

   

 

 

 

Collateral held on loaned securities

     13,782        —           13,782        —     
  

 

 

   

 

 

    

 

 

   

 

 

 

Total assets

   $ 1,819,041      $ 608,392       $ 1,210,992      $ (343
  

 

 

   

 

 

    

 

 

   

 

 

 

Liability

         

Collateral to be paid on loaned securities

   $ 13,782      $ 1,135       $ 12,647      $ —     
  

 

 

   

 

 

    

 

 

   

 

 

 

There were no transfers from Level 1 to Level 2 investments in 2012 or 2011.

 

10


Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Notes to Financial Statements

December 31, 2012 and 2011

 

 

The following table sets forth a summary of changes in the fair values of the Plan’s level 3 financial instruments.

 

(in thousands)    Wrapper
Contracts
 

Balance at December 31, 2010

   $ 1,634   

Unrealized losses (relating to assets held at end of year)

     (1,977
  

 

 

 

Balance at December 31, 2011

     (343
  

 

 

 

Unrealized losses (relating to assets held at end of year)

     (648
  

 

 

 

Balance at December 31, 2012

   $ (991
  

 

 

 

The unrealized losses from the wrapper contracts are excluded from the net appreciation (depreciation) reported for the Plan, but instead are reflected in the change in the adjustment from fair value to contract value for fully benefit responsive contracts reported on the statements of net assets available for benefits.

See Valuation of Investments and Collateral in Note 2 above for a discussion of the methodologies used to determine the fair values of the Plan’s investments and collateral. These methods may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.

 

6. Investments

Investments representing five percent or more of the Plan’s net assets available for benefits at December 31, 2012 and 2011 are summarized as follows:

 

(in thousands, except per share data)    2012      2011  

Baxter common stock, 2,516,782 shares and 2,921,806 shares at December 31, 2012 and 2011, respectively

   $ 167,769       $ 144,571   

State Street Global Advisors (SSgA) S&P 500 Flagship Fund

     197,250         173,817   

 

11


Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Notes to Financial Statements

December 31, 2012 and 2011

 

 

Investments as of December 31, 2012 and 2011 are segregated into various investment fund options as follows:

 

     2012     2011  
(in thousands)             

Cash (available for investment)

   $ 6,597      $ 6,861   

Stable Income Fund

     803,238        775,335   

Baxter Common Stock Fund

     168,607        144,639   

Composite Fund

     154,624        140,853   

General Equity Fund

     151,465        137,841   

Cardinal Health Common Stock Fund

     4,847        5,243   

SSgA S&P 500 Flagship Fund

     197,250        173,954   

SSgA International EAFE Equity Index Fund

     90,079        80,053   

Edwards Lifesciences Common Stock Fund

     19,658        17,747   

SSgA Small Cap Fund

     94,187        81,274   

Self-Managed Fund

     44,397        41,682   

Target Retirement Funds

     291,573        199,777   

Collateral held on loaned securities

     18,842        13,782   
  

 

 

   

 

 

 

Total investments at fair value

     2,045,364        1,819,041   

Adjustment from fair value to contract value for Stable Income Fund

     (68,692     (60,432
  

 

 

   

 

 

 

Total investments

   $ 1,976,672      $ 1,758,609   
  

 

 

   

 

 

 

Net appreciation (depreciation) in fair value for each significant class of investment, which includes realized and unrealized gains and losses, is as follows:

 

     2012      2011  
(in thousands)              

Baxter common stock

   $ 48,002       $ (1,295

Other common stock

     38,620         (22,315

U.S. government and government agency issues

     38         1,154   

Corporate and other obligations

     3,365         1,031   

Commingled funds

     54,283         (11,490

Registered investment companies

     24,320         (7,314

Collateral held on loaned securities

     —           914   
  

 

 

    

 

 

 
   $ 168,628       $ (39,315
  

 

 

    

 

 

 

 

7. Securities Lending Transactions

The Plan participates in a securities lending program with the Trustee. The program allows the Trustee to loan securities, which are assets of the Plan, to approved brokers (the Borrowers).

The Trustee requires the Borrowers, pursuant to a security loan agreement, to deliver collateral to secure each loan in an amount that is at least equal to the fair value of the securities loaned. The Plan bears the risk of loss with respect to any unfavorable change in fair value of the invested cash collateral. However, the Borrower bears the risk of loss related to the decrease in the fair value of the non-cash collateral and, therefore, would have to deliver additional securities to maintain the required collateral. In the event of default by the Borrower, the Trustee shall indemnify the Plan by purchasing replacement securities equal to the number of unreturned loaned securities or, if replacement securities are not able to be purchased, the Trustee shall credit the Plan for the market value of the unreturned securities. In each case, the Trustee would apply the proceeds from the collateral for such a loan to make the Plan whole.

 

12


Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Notes to Financial Statements

December 31, 2012 and 2011

 

 

The fair value of the investment of cash collateral received pursuant to securities lending transactions is reflected on the Statements of Net Assets Available for Benefits as an asset and the obligation to return the amount received is reflected as a liability.

As of December 31, 2010, the Plan had securities on loan with a fair value of $228.8 million, with cash collateral received of $232.9 million, which was reflected at its fair value of $230.4 million. During 2010, $218.4 million was redeemed from the State Street Quality D Short-Term Investment Fund and held in a separate fund (Baxter International Savings Trust Separate Account) for liquidation due to an agreement between the Plan and the Trustee to terminate the securities lending program for the securities within the Stable Income Fund. As a result of the liquidation of this fund in 2011, a realized gain of $914 thousand is reflected in the 2011 Statement of Changes in Net Assets Available for Benefits. As of December 31, 2012 and 2011, the Plan had securities on loan with a fair value of $18.5 million and $13.5 million, respectively, with cash collateral received of $18.8 million and $13.8 million, respectively, which was invested in the State Street Quality D Short-Term Investment Fund. Investments underlying this fund primarily consisted of cash and cash equivalents and asset-backed securities as of both December 31, 2012 and 2011, and the net asset value of this fund was approximately $1.00 per unit. As of December 31, 2012 and 2011 the cash collateral received is reflected at its fair value of $18.8 million and $13.8 million in the 2012 and 2011 Statements of Net Assets Available for Benefits, respectively.

The Plan did not receive any non-cash collateral for securities on loan at December 31, 2012. Non-cash collateral of $2.0 million received for securities on loan at December 31, 2011, consisted of U.S. government and government agency issues held by the Trustee on behalf of the Plan. Non-cash collateral is not included with the collateral balance on the 2011 Statement of Net Assets Available for Benefits because it may not be sold or repledged. A portion of the income generated upon investment of cash collateral is remitted to the Borrowers, and the remainder is allocated between the Plan and the Trustee in its capacity as a security agent. Securities lending income allocated to the Plan amounted to $45 thousand and $57 thousand for 2012 and 2011, respectively. Securities lending income is classified as interest income in the Statements of Changes in Net Assets Available for Benefits.

 

8. Plan Termination

Although it has not expressed any intent to do so, the Plan sponsor has the right under the Plan to reduce, suspend or discontinue its contributions at any time and to terminate the Plan subject to the provisions of the ERISA. In the event the Plan terminates, the interest of each participating employee in the Plan shall become fully vested and such termination of the Plan would not reduce the interest of any participating employee or their beneficiaries accrued under the Plan up to the date of such termination.

 

9. Tax Status of the Plan

The Internal Revenue Service (IRS) has determined and informed the Plan sponsor by a letter dated July 19, 2006 that the Plan is designed in accordance with applicable sections of the Internal Revenue Code (the IRC). The Plan has been amended since the date of the determination letter. The Plan sponsor believes that the Plan is currently designed and being operated in compliance with the applicable requirements of the IRC. Therefore, no provision for income taxes has been included in the Plan’s financial statements. The Plan has requested from the IRS an updated determination letter, but has not yet received it as of the date of this report.

 

13


Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Notes to Financial Statements

December 31, 2012 and 2011

 

 

10. Related Parties

Parties-in-interest are defined under Department of Labor regulations as any fiduciary of the Plan, any party rendering service to the Plan, the employer, and certain others.

At December 31, 2012 and 2011, the Plan held units of participation in certain shares of common stock of State Street Corporation, commingled funds and short-term investment funds of State Street Bank and Trust Company, and units of registered investment companies of SSgA, the Plan trustee; shares of common stock and bonds of Baxter, the Plan sponsor; loans with participants; units of registered investment companies managed by Pacific Investment Management Company, an investment manager for the Plan; shares of common stock and units of registered investment companies managed by AllianceBernstein, an investment manager for the Plan; units of registered investment companies managed by Loomis Sayles, an investment manager for the Plan; shares of common stock, bonds, and interest rate wrapper contracts of Bank of America, issuer of the Plan’s fully benefit-responsive contracts; interest rate wrapper contracts of Transamerica, issuer of the Plan’s fully benefit-responsive contracts; and units of registered investment companies in various affiliates of ING Institutional Plan Services, LLC, the recordkeeper. These transactions are allowable party-in-interest transactions under ERISA and the regulations promulgated thereunder.

Fees paid by the Plan for investment management, recordkeeping and consulting services, also qualify as party-in-interest transactions and are included in Plan expenses in the accompanying financial statements. The Company pays certain expenses for the administration of the Plan. These transactions are exempt from the party-in interest transaction prohibitions of ERISA.

 

11. Plan Merger

During 2011, Baxter acquired Baxa Corporation (Baxa). The Baxa 401(k) Plan was merged into the Plan effective October 2012. As a result of this merger, total assets of approximately $19.7 million were transferred into the Plan.

 

14


Table of Contents

SUPPLEMENTAL SCHEDULE


Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
  Cash & Cash Equivalents:         

*

 

SSgA Money Market Fund

   Short-Term Investment Fund      —         $ 9,153,455   

*

 

State Street Bank & Trust Co

   Short-Term Investment Fund      —           38,436,778   
 

United States Dollar

   Cash      —           12,545   
          

 

 

 
           $ 47,602,778   
          

 

 

 

**

 

Common Stock:

        
 

3D Systems Corp

   Common Stock      —           213   
 

3Dicon Corp

   Common Stock      —           1,437   
 

3M Company

   Common Stock      —           11,960   
 

8X8 Inc

   Common Stock      —           8,856   
 

A123 Systems

   Common Stock      —           11   
 

ABB Ltd

   Common Stock      —           49,571   
 

Abbott Laboratories

   Common Stock      —           162,542   
 

Abbott Laboratories

   Common Stock      —           1,296,052   
 

Access Pharmaceuticals Inc

   Common Stock      —           2,867   
 

Acclaim Entertainment Inc

   Common Stock      —           —     
 

ACE Ltd

   Common Stock      —           1,178,069   
 

Achillion Pharmaceuticals Inc

   Common Stock      —           801   
 

Acme Packet Inc

   Common Stock      —           17,696   
 

Acorda Therapeutics Inc

   Common Stock      —           12,430   
 

Activision Blizzard Inc

   Common Stock      —           23,491   
 

Adaptive Broadband Corp

   Common Stock      —           —     
 

Adarna Energy Corp

   Common Stock      —           —     
 

Adept Technology Inc

   Common Stock      —           2,600   
 

Adobe Systems

   Common Stock      —           941,365   
 

Adolor Corporation

   Common Stock      —           —     
 

ADT Corp

   Common Stock      —           511   
 

Advanced Micro Devices Inc

   Common Stock      —           5,472   
 

Advanced Optics Electronics Inc

   Common Stock      —           —     
 

Advansource Biomaterials Corp

   Common Stock      —           85   
 

Advanta Corp

   Common Stock      —           —     
 

Advantage Oil & Gas Ltd

   Common Stock      —           810   
 

Adventrx Pharmaceuticals Inc

   Common Stock      —           570   
 

AES Corp

   Common Stock      —           1,035,468   
 

Affymax Inc

   Common Stock      —           3,798   
 

Aflac Inc

   Common Stock      —           37,848   
 

Agenus Inc

   Common Stock      —           4,252   
 

Agilent Technologies

   Common Stock      —           743,175   
 

Agnico Eagle Mines Ltd

   Common Stock      —           26,831   
 

Agrium Inc

   Common Stock      —           7,490   
 

AK Steel Hldg Corp

   Common Stock      —           2,308   
 

Akorn Inc

   Common Stock      —           30,060   
 

Aksys Ltd

   Common Stock      —           1   
 

Alcatel Lucent

   Common Stock      —           7,075   
 

Alcoa Inc

   Common Stock      —           17,325   
 

Alexco Resource Corp

   Common Stock      —           24,990   
 

Alexion Pharmaceuticals

   Common Stock      —           2,061,503   

 

16


Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
 

ALJ Regal Holdings Inc

   Common Stock      —           700   
 

All American Gold Corp

   Common Stock      —           8   
 

Allergan Inc

   Common Stock      —           2,086,810   
 

Alliance Pharmaceutical Corp

   Common Stock      —           2   
 

Alliancebernstein Hldg LP

   Common Stock      —           8,470   
 

Allied Irish Banks

   Common Stock      —           1,070   
 

Allos Therapeutics Inc

   Common Stock      —           —     
 

Allscripts Healthcare Solutions Inc

   Common Stock      —           4,540   
 

Allstate Corp

   Common Stock      —           21,678   
 

Almaden Minerals Ltd

   Common Stock      —           15,850   
 

Alnylam Pharmaceuticals Inc

   Common Stock      —           1,825   
 

Alon USA Energy Inc

   Common Stock      —           9,950   
 

Altair Nanotechnologies Inc

   Common Stock      —           88   
 

Alternative Living Services

   Common Stock      —           —     
 

Altria Group Inc

   Common Stock      —           149,330   
 

Aluminum Corp China Ltd

   Common Stock      —           202   
 

Alvarion Ltd

   Common Stock      —           186   
 

Amarin Corp

   Common Stock      —           30,216   
 

Amazon.com Inc

   Common Stock      —           72,752   
 

Amazon.com Inc

   Common Stock      —           3,936,918   
 

Amcore Finl Inc

   Common Stock      —           —     
 

Amdocs Ltd

   Common Stock      —           6,798   
 

Ameren Corp

   Common Stock      —           3,266   
 

American Cap Agy Corp

   Common Stock      —           25,866   
 

American Cap Ltd

   Common Stock      —           32,229   
 

American Cap Mtg Invt Corp

   Common Stock      —           5,512   
 

American Elec Pwr Co

   Common Stock      —           40,508   
 

American Express Co

   Common Stock      —           6,897   
 

American International Group

   Common Stock      —           1,209,570   
 

American Intl Group Inc

   Common Stock      —           3,491   
 

American Intl Group Inc

   Common Stock      —           23,404   
 

American Lithium Minerals Inc

   Common Stock      —           120   
 

American Realty Capital Trust Inc

   Common Stock      —           8,266   
 

American Tower Corporation

   Common Stock      —           3,014,857   
 

American Tower Corporation

   Common Stock      —           17,887   
 

Amerigas Partners LP

   Common Stock      —           8,135   
 

Amgen Inc

   Common Stock      —           93,017   
 

Ampliphi Biosciences Corp

   Common Stock      —           1,754   
 

Amstem Corp

   Common Stock      —           —     
 

Anadarko Pete Corp

   Common Stock      —           3,716   
 

Analog Devices

   Common Stock      —           203,513   
 

Andrea Electronics Corp

   Common Stock      —           25   
 

Annaly Mortgage Management Inc

   Common Stock      —           149,171   
 

Antares Pharma Inc

   Common Stock      —           24,765   
 

Anthera Pharmaceuticals Inc

   Common Stock      —           3,100   
 

AOL Inc

   Common Stock      —           415   
 

AON PLC

   Common Stock      —           1,103,564   
 

Apache Corp

   Common Stock      —           17,663   
 

Apollo Group Inc

   Common Stock      —           1,255   

 

17


Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
 

Apple Computer Inc

   Common Stock      —           3,856,120   
 

Apple Inc

   Common Stock      —           7,737,939   
 

Applied Materials Inc

   Common Stock      —           2,974   
 

Applied Materials Inc

   Common Stock      —           720,731   
 

Apptech Corp

   Common Stock      —           —     
 

Apricus Biosciences Inc

   Common Stock      —           1,791   
 

Aqua America Inc

   Common Stock      —           3,034   
 

Aradigm Corp

   Common Stock      —           448   
 

Arch Coal Inc

   Common Stock      —           8,658   
 

Archer Daniels Midland

   Common Stock      —           6,598   
 

Arcos Dorados Holdings Inc

   Common Stock      —           35,593   
 

Arena Pharmaceuticals Inc

   Common Stock      —           675,580   
 

Ariad Pharmaceutical Inc

   Common Stock      —           95,612   
 

ARM Holdings Plc

   Common Stock      —           1,353,267   
 

ARM Holdings Plc

   Common Stock      —           9,458   
 

Array Biopharma Inc

   Common Stock      —           5,022   
 

Artificial Life Inc

   Common Stock      —           60   
 

Asia Pulp & Paper Co

   Common Stock      —           —     
 

Astrazeneca Plc

   Common Stock      —           2,127   
 

Astropower Inc

   Common Stock      —           —     
 

AT&T Inc

   Common Stock      —           145,514   
 

Atlantic Power Corp

   Common Stock      —           8,261   
 

ATP Oil & Gas Corp

   Common Stock      —           570   
 

Atwood Oceanics Inc

   Common Stock      —           4,579   
 

ATX Communications Inc

   Common Stock      —           —     
 

Augme Technologies Inc

   Common Stock      —           41,844   
 

Aurizon Mines Ltd

   Common Stock      —           6,960   
 

Automatic Data Processing Inc

   Common Stock      —           40,259   
 

Avago Technologies

   Common Stock      —           1,151,122   
 

Avanir Pharmaceuticals

   Common Stock      —           3,114   
 

Babson Cap Partn Invs

   Common Stock      —           27,820   
 

Backweb Technologies Ltd

   Common Stock      —           327   
 

Baidu Inc

   Common Stock      —           96,278   
 

Baidu Inc

   Common Stock      —           1,288,928   
 

Banco Bilbao Vizcaya Argentaria Sa

   Common Stock      —           7,716   
 

Banco Latino- Americano De Comercio

   Common Stock      —           18,973   
 

Banco Santander Sa

   Common Stock      —           15,354   
 

Bank New York Mellon Corp

   Common Stock      —           28,627   

*

 

Bank of America Corp

   Common Stock      —           532,525   

*

 

Bank of America Corp

   Common Stock      —           1,175,255   
 

Bank of Ireland

   Common Stock      —           3,413   
 

Barrick Gold

   Common Stock      —           1,078,632   

*

 

Baxter International Inc

   Common Stock      —           322,555   

*

 

Baxter International Inc

   Common Stock      —           167,446,120   
 

Bayer AG

   Common Stock      —           24,379   
 

BB&T Corp

   Common Stock      —           5,094   
 

BB&T Corp

   Common Stock      —           980,219   
 

BCE Inc

   Common Stock      —           1,115,179   
 

Beacon Pwr Corp

   Common Stock      —           20   

 

18


Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
 

Beacon Roofing Supply Inc

   Common Stock      —           33,280   
 

Berkshire Hathaway Inc

   Common Stock      —           149,351   
 

Best Buy Inc

   Common Stock      —           10,818   
 

Beyond Corp Com New

   Common Stock      —           —     
 

Big Bear Mining Corp

   Common Stock      —           10   
 

Bioclinica Inc

   Common Stock      —           5,720   
 

Biodel Inc

   Common Stock      —           705   
 

Bioelectronics Corp

   Common Stock      —           154   
 

Biogen

   Common Stock      —           2,024,478   
 

Biogen Idec Inc

   Common Stock      —           5,269   
 

Biomedical Technology Solutions

   Common Stock      —           28   
 

Biomerica Inc

   Common Stock      —           11,270   
 

Biomoda Inc

   Common Stock      —           135   
 

Bionovo Inc Com New

   Common Stock      —           450   
 

Biopharm Asia Inc

   Common Stock      —           975   
 

Biosante Pharmaceuticals Inc

   Common Stock      —           2,478   
 

Bizauctions Inc

   Common Stock      —           —     
 

Black Hills Corp

   Common Stock      —           3,997   
 

Blackbaud Inc

   Common Stock      —           22,830   
 

Blackrock Inc

   Common Stock      —           959,370   
 

Blackstone Group LP

   Common Stock      —           35,857   
 

Blavod Extreme Spirits

   Common Stock      —           37   
 

Blyth Inc

   Common Stock      —           4,665   
 

Boeing Co

   Common Stock      —           19,025   
 

Boeing Co

   Common Stock      —           2,002,689   
 

Boingo Wireless Inc

   Common Stock      —           7,248   
 

Borgwarner Inc

   Common Stock      —           723,214   
 

Boston Scientific

   Common Stock      —           1,146   
 

BP Amoco Plc

   Common Stock      —           5,190   
 

BP Liquidating Inc

   Common Stock      —           2   
 

BP PLC

   Common Stock      —           842,930   
 

Braskem S.A.

   Common Stock      —           1,335   
 

Bridgepoint Ed Inc

   Common Stock      —           14,863   
 

Bristol Myers Squibb

   Common Stock      —           43,718   
 

Bristol Myers Squibb

   Common Stock      —           1,706,797   
 

Broadcom Corp

   Common Stock      —           42,509   
 

Broadridge Financial Solutions

   Common Stock      —           1,716   
 

Broadwind Energy Inc

   Common Stock      —           22   
 

Brookfield Asset Mgmt Inc

   Common Stock      —           9,163   
 

Brookfield Infrastructure Partners

   Common Stock      —           12,454   
 

Brookfield Residential Pptys Inc

   Common Stock      —           18   
 

Buckeye Partners LP

   Common Stock      —           18,164   
 

Bunge Ltd

   Common Stock      —           1,055,161   
 

Burberry Group

   Common Stock      —           508,843   
 

Cadence Pharmaceuticals Inc

   Common Stock      —           10,634   
 

Calamp Corp

   Common Stock      —           156,324   
 

Calgon Carbon Corp

   Common Stock      —           1,702   
 

Cambridge Heart Inc

   Common Stock      —           15   
 

Camden Ppty Tr Sh Ben Int

   Common Stock      —           13,262   

 

19


Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
 

Cameron Intl Corp

   Common Stock      —           4,404   
 

Canadian Natural Resources Ltd

   Common Stock      —           5,774   
 

Canadian Pacific Railway

   Common Stock      —           251,872   
 

Canadian Solar Inc

   Common Stock      —           51   
 

Capital One

   Common Stock      —           1,235,617   
 

Capital One Financial Corp

   Common Stock      —           1,647,490   
 

Capitalsource Inc

   Common Stock      —           14,766   
 

Capitol Bancorp Ltd

   Common Stock      —           37   
 

Capstead Mtg Corp

   Common Stock      —           11,470   
 

Capstone Turbine Corp

   Common Stock      —           89   
 

Carbonite Inc

   Common Stock      —           925   
 

Cardinal Communications Inc

   Common Stock      —           —     
 

Cardinal Health Inc

   Common Stock      —           1,016,607   
 

Cardinal Health Inc

   Common Stock      —           4,808,959   
 

Cardinal Health Inc

   Common Stock      —           95,711   
 

Cardium Therapeutics Inc

   Common Stock      —           1,026   
 

Carefusion Corp Com

   Common Stock      —           28,580   
 

Carmax Inc

   Common Stock      —           9,423   
 

Catamaran Corp

   Common Stock      —           23,691   
 

Caterpillar Inc

   Common Stock      —           210,272   
 

Cbl & Assoc Pptys Inc

   Common Stock      —           2,446   
 

Celgene Corp

   Common Stock      —           14,046   
 

Cell Therapeutics Inc

   Common Stock      —           2,558   
 

Cel-Sci Corp

   Common Stock      —           702   
 

Cemex SA

   Common Stock      —           945   
 

Cenovus Energy Inc

   Common Stock      —           1,811   
 

Central Fund CDA

   Common Stock      —           21,030   
 

Centurytel Inc

   Common Stock      —           3,364   
 

Ceragon Networks Ltd

   Common Stock      —           662   
 

Cereplast Inc

   Common Stock      —           129   
 

Cerus Corp

   Common Stock      —           4,108   
 

Charles Schwab Corp

   Common Stock      —           1,131,577   
 

Charter Comm Inc

   Common Stock      —           —     
 

Chesapeake Energy Corporation

   Common Stock      —           134,728   
 

Chevron Corp

   Common Stock      —           157,174   
 

Chimera Invt Corp

   Common Stock      —           13,676   
 

China Automotive Sys Inc

   Common Stock      —           3,439   
 

China Biologic Prods Inc

   Common Stock      —           4,648   
 

China Energy Svgs Technology Inc

   Common Stock      —           —     
 

China New Borun Corp

   Common Stock      —           1,078   
 

China Shen Zhou Mng & Res Inc

   Common Stock      —           3,220   
 

Chipotle Mexican Grill Inc

   Common Stock      —           49,081   
 

Chipotle Mexican Grill Inc

   Common Stock      —           1,676,344   
 

Church & Dwight Inc

   Common Stock      —           6,918   
 

Churchill Downs Inc

   Common Stock      —           7,063   
 

Ciena Corp

   Common Stock      —           31   
 

Cisco Systems

   Common Stock      —           203,401   
 

Cisco Systems

   Common Stock      —           1,851,133   
 

Citadel Broadcasting Corp

   Common Stock      —           —     

 

20


Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
 

Citigroup Inc

   Common Stock      —           2,109,487   
 

Citigroup Inc

   Common Stock      —           1,168,031   
 

Citigroup Inc

   Common Stock      —           166,082   
 

City Bank Lynnwood Wash

   Common Stock      —           20   
 

Clarent Corp

   Common Stock      —           —     
 

Clean Energy Fuels Corp

   Common Stock      —           52,913   
 

Clean Habors Inc

   Common Stock      —           5,501   
 

Cleco Corp

   Common Stock      —           120,030   
 

Cliffs Nat Res Inc

   Common Stock      —           13,590   
 

Clp Hldgs

   Common Stock      —           1,673   
 

Coach Inc

   Common Stock      —           1,789,813   
 

Coca Cola Co

   Common Stock      —           132,839   
 

Coca Cola Co

   Common Stock      —           417,024   
 

Coeur D Alene Mines Corp

   Common Stock      —           20,295   
 

Coinstar Inc

   Common Stock      —           8,842   
 

Coldwater Creek Inc

   Common Stock      —           3,608   
 

Colgate-Palmolive Co

   Common Stock      —           5,784   
 

Colonial Bancgroup

   Common Stock      —           —     
 

Columbia Laboratories Inc

   Common Stock      —           382   
 

Comcast Corp

   Common Stock      —           1,044,606   
 

Comcast Corp

   Common Stock      —           3,736   
 

Commtouch Software Limited

   Common Stock      —           1,290   
 

Companhia Siderurgica Nacional CSN

   Common Stock      —           7,520   
 

Compass Minerals Intl Inc

   Common Stock      —           8,467   
 

Conagra Foods Inc

   Common Stock      —           5,950   
 

Concho Resources

   Common Stock      —           1,699,530   
 

Conocophillips

   Common Stock      —           148,307   
 

Consolidated Communications Hldgs Inc

   Common Stock      —           1,320   
 

Consolidated Edison Hldg Co Inc

   Common Stock      —           69,515   
 

Constellation Energy Partners Llc

   Common Stock      —           7,080   
 

Corning Inc

   Common Stock      —           8,051   
 

Cortex Pharmaceuticals Inc

   Common Stock      —           199   
 

Costco Wholesale Corp

   Common Stock      —           10,083   
 

Costco Wholesale Corp

   Common Stock      —           2,969,296   
 

Covidien Plc

   Common Stock      —           1,168,846   
 

Covidien Plc

   Common Stock      —           1,270   
 

Cpfl Energia Sa

   Common Stock      —           4,192   
 

Credit Suisse

   Common Stock      —           7,254   
 

Cree Inc

   Common Stock      —           88,348   
 

Crocs Inc

   Common Stock      —           20,448   
 

Cross Timbers Royalty Trust

   Common Stock      —           404   
 

Crown Castle Intl

   Common Stock      —           1,563,221   
 

Cubist Pharmaceuticals Inc

   Common Stock      —           2,103   
 

Cui Global Inc

   Common Stock      —           88   
 

Cummins Inc

   Common Stock      —           1,021,784   
 

Cummins Inc

   Common Stock      —           22,910   
 

CVR Partners LP

   Common Stock      —           12,620   
 

CVS Caremark Corp

   Common Stock      —           1,079,025   
 

CVS Corp Del

   Common Stock      —           31,036   

 

21


Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
  Cyber-Care Inc    Common Stock      —           —     
  Cyberonics Inc    Common Stock      —           2,311   
  Cyclacel Pharmaceuticals Inc    Common Stock      —           861   
  Cytori Therapeutics Inc    Common Stock      —           2,100   
  Cytosorbents Corp    Common Stock      —           975   
  Cytrx Corp    Common Stock      —           10,292   
  Dan River Inc    Common Stock      —           —     
  Darling Intl Inc    Common Stock      —           3,208   
  Daulton Cap Corp    Common Stock      —           35   
  Daystar Technologies Inc    Common Stock      —           3   
  Decisionpoint Sys    Common Stock      —           8   
  Deckers Outdoor    Common Stock      —           18,122   
  Deere & Co    Common Stock      —           75,723   
  Delcath Systems Inc    Common Stock      —           1,689   
  Dell Inc    Common Stock      —           18,030   
  Denbury Res Inc    Common Stock      —           29,792   
  Dendreon Corp    Common Stock      —           78,742   
  Derma Sciences Inc    Common Stock      —           2,222   
  Devon Energy Corp    Common Stock      —           1,043,182   
  Devon Energy Corp    Common Stock      —           17,433   
  Devry Inc    Common Stock      —           11,865   
  Diamond Offshore Drilling Inc    Common Stock      —           1,019   
  Diana Containerships Inc    Common Stock      —           42   
  Diana Shipping Inc    Common Stock      —           1,676   
  Digerati Technologies Inc    Common Stock      —           28   
  Digital Angel Corp    Common Stock      —           639   
  Discover Finl Svcs    Common Stock      —           22,745   
  Discovery Laboratories Inc    Common Stock      —           80   
  Disney Walt Co    Common Stock      —           103,912   
  Divine Inc    Common Stock      —           —     
  Dolby Laboratories Inc    Common Stock      —           4,400   
  Dollar General Corp    Common Stock      —           6,790   
  Dominion Resources Inc    Common Stock      —           37,051   
  Doral Finl Corp    Common Stock      —           36   
  Dow Chemical Co    Common Stock      —           43,700   
  Downey Finl Corp    Common Stock      —           —     
  Dryships Inc    Common Stock      —           8,962   
  Du Pont    Common Stock      —           1,065,764   
  Du Pont    Common Stock      —           12,009   
  Duke Energy Corp    Common Stock      —           136,474   
  Duke Realty Corp    Common Stock      —           61,722   
  Duma Energy Corp    Common Stock      —           816   
  Dunkin Brands Group    Common Stock      —           1,477,940   
  Dunkin Brands Group    Common Stock      —           5,043   
  Dynamic Materials Corp    Common Stock      —           22,893   
  Dynegy Inc    Common Stock      —           4   
  EMC Corp    Common Stock      —           25,047   
  E Trade Finl Corp    Common Stock      —           6,641   
  Eagle Bulk Shipping Inc    Common Stock      —           38   

 

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Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
  Eastman Kodak Co    Common Stock      —           10,127   
  Eaton Corp Plc    Common Stock      —           16,254   
  Eb2B Commerce Inc    Common Stock      —           —     
  Ebay Inc    Common Stock      —           13,463   
  Ebay Inc    Common Stock      —           1,529,720   
  Ecolocap Solutions Inc    Common Stock      —           3   
  E-Commerce China Dangdang Inc    Common Stock      —           4,565   
  Edap Tms S.A.    Common Stock      —           67,320   
  Edwards Lifesciences Corp    Common Stock      —           19,529,718   
  Edwards Lifesciences Corp    Common Stock      —           659,954   
  Elan Corp Plc Adr    Common Stock      —           7,351   
  Eldorado Gold Corp    Common Stock      —           38,640   
  Eline Entertainment Group Inc    Common Stock      —           —     
  EMC Corp    Common Stock      —           2,844,707   
  Emcore Corp Com    Common Stock      —           4   
  Emergent Biosolutions Inc    Common Stock      —           4,812   
  Emerson Electric Co    Common Stock      —           7,229   
  Emulex Corp Com    Common Stock      —           840   
  Enbridge Energy Partners    Common Stock      —           2,790   
  Enbridge Inc    Common Stock      —           4,332   
  Encana Corp    Common Stock      —           736,598   
  Encana Corp    Common Stock      —           15,913   
  Endologix Inc    Common Stock      —           5,696   
  Energy Conversion Devices Inc    Common Stock      —           —     
  Energy Transfer Partners    Common Stock      —           55,144   
  Energysolutions Inc    Common Stock      —           312   
  Engility Hldgs Inc    Common Stock      —           116   
  Enron Corp    Common Stock      —           —     
  Ensco Plc    Common Stock      —           8,892   
  Enterprise Products    Common Stock      —           77,956   
  Entravision Communications Corp    Common Stock      —           249   
  Entremed Inc Com    Common Stock      —           51   
  EOG Resources Inc    Common Stock      —           1,232,015   
  Epix Pharmaceuticals Inc    Common Stock      —           —     
  Escrow CDC Liquidating Trust    Common Stock      —           —     
  Estee Lauder Companies    Common Stock      —           2,230,765   
  Evergreen Solar Inc    Common Stock      —           —     
  Evolving Sys Inc    Common Stock      —           11,920   
  Exelixis Inc    Common Stock      —           15,387   
  Exelon Corp    Common Stock      —           36,601   
  Exeter Resource Corp    Common Stock      —           4,840   
  Expedia Inc    Common Stock      —           1,905   
  Expeditors Intl    Common Stock      —           12,038   
  Express Scripts Hldg Co    Common Stock      —           5,400   
  Express Scripts Inc    Common Stock      —           2,196,938   
  Exxon Mobil Corp    Common Stock      —           75,330   
  Exxon Mobil Corp    Common Stock      —           1,995,633   
  Facebook Inc    Common Stock      —           1,543,788   
  Facebook Inc    Common Stock      —           161,956   

 

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Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
  Fairpoint Communications Inc    Common Stock      —           —     
  Family Dollar Stores Inc    Common Stock      —           743,251   
  Family Dollar Stores Inc    Common Stock      —           3,350   
  Fastenal Co    Common Stock      —           6,998   
  Federal Natl Mtg Assn    Common Stock      —           5,701   
  Finisar Corp Com New    Common Stock      —           4,073   
  First American Financial Corp    Common Stock      —           1,205   
  First China Pharmaceutical Group Inc    Common Stock      —           2,640   
  First Majestic Silver Corp    Common Stock      —           34,929   
  First Physicians Cap Group Inc    Common Stock      —           —     
  First Solar Inc    Common Stock      —           26,690   
  Flagstar Bancorp Inc    Common Stock      —           7,760   
  Flexsteel Inds Inc    Common Stock      —           4,290   
  Flextronics International    Common Stock      —           6,210   
  Flextronics Ltd    Common Stock      —           1,082,952   
  Fluor Corp    Common Stock      —           14,913   
  Focus Gold Corp    Common Stock      —           10   
  Food Technology Svc Inc    Common Stock      —           2,505   
  Ford Motor Co    Common Stock      —           212,049   
  Ford Motor Co    Common Stock      —           630,440   
  Fortress Invt Group Llc    Common Stock      —           2,195   
  Forward Inds    Common Stock      —           148   
  Fossil Inc    Common Stock      —           1,862   
  Foster Wheeler Ag    Common Stock      —           17,024   
  France Telecom    Common Stock      —           11,050   
  Franklin Res Inc    Common Stock      —           33,914   
  Freddie Mac    Common Stock      —           5,237   
  Freeport Mcmoran Copper & Gold Inc.    Common Stock      —           116,349   
  Fresenius Kabi Pharmaceuticals Hldg    Common Stock      —           —     
  Frontier Communications Corp    Common Stock      —           6,101   
  Fuel Sys Solutions Inc    Common Stock      —           1,839   
  Fuel Tech Inc    Common Stock      —           328   
  Fusion-Io    Common Stock      —           229   
  Futuremedia Plc    Common Stock      —           —     
  Fx Energy Inc    Common Stock      —           575   
  Gas Nat Inc    Common Stock      —           2,799   
  Geeknet Inc    Common Stock      —           3,590   
  Generac Hldgs Inc    Common Stock      —           3,431   
  General Dynamics Corp    Common Stock      —           10,436   
  General Electric Co    Common Stock      —           1,084,029   
  General Electric Co    Common Stock      —           336,418   
  General Electric Co    Common Stock      —           1,760,770   
  General Mills Inc    Common Stock      —           65,504   
  General Steel Hldgs Inc    Common Stock      —           891   
  Generex Biotechnology Corp    Common Stock      —           163   
  Genetic Technologies Ltd    Common Stock      —           22   
  Geopharma Inc    Common Stock      —           3   
  Geron Corp    Common Stock      —           1,410   
  Gevo Inc    Common Stock      —           10,683   

 

24


Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
  Giant Interactive Group Inc    Common Stock      —           1,976   
  Gilead Sciences    Common Stock      —           507,711   
  Gilead Sciences    Common Stock      —           1,597,186   
  Gilead Sciences    Common Stock      —           37,827   
  GMX Res Inc    Common Stock      —           100   
  Gold Amern Mng Corp    Common Stock      —           50   
  Gold Fields Ltd    Common Stock      —           4,996   
  Goldcorp Inc    Common Stock      —           3,686   
  Goldman Sachs Group Inc    Common Stock      —           2,178,647   
  Goldman Sachs Group Inc    Common Stock      —           74,552   
  Goodyear Tire & Rubber Co    Common Stock      —           4,764   
  Google Inc    Common Stock      —           1,155,802   
  Google Inc    Common Stock      —           5,032,993   
  Google Inc    Common Stock      —           118,840   
  GPO Aeroportuario Del Sureste Sab    Common Stock      —           2,394   
  Grace W R & Co    Common Stock      —           20,169   
  Grand Pacaraima Gold Corp    Common Stock      —           2   
  Graphic Packaging Hldg Co    Common Stock      —           1,292   
  Great Basin Gold    Common Stock      —           420   
  Great Panther Silver Limited    Common Stock      —           7,650   
  Green Earth Technologies Inc    Common Stock      —           3,900   
  Green Mtn Coffee Roasters Inc    Common Stock      —           24,391   
  Greenhunter Energy    Common Stock      —           —     
  Groupon Inc    Common Stock      —           292   
  Gsi Technology Inc    Common Stock      —           3,135   
  Guess? Inc    Common Stock      —           883   
  Guggenheim    Common Stock      —           14,116   
  Halliburton Co    Common Stock      —           1,162,976   
  Halliburton Co    Common Stock      —           18,573   
  Halozyme Therapeutics Inc    Common Stock      —           134,529   
  Hansen Med Inc    Common Stock      —           11,960   
  Hanwha Solarone Company Ltd    Common Stock      —           10   
  Harley Davidson Inc    Common Stock      —           4,883   
  Hartford Finl Svcs Group    Common Stock      —           2,963   
  Hasbro Inc    Common Stock      —           4,859   
  Hatteras Finl Corp    Common Stock      —           5,113   
  HCA Hldgs Inc    Common Stock      —           15,085   
  HCP Inc    Common Stock      —           20,056   
  Headwaters Inc    Common Stock      —           10,700   
  Health Care Reit Inc    Common Stock      —           6,129   
  Healthwarehouse.Com    Common Stock      —           106   
  Heckmann Corp    Common Stock      —           27,001   
  Hecla Mining Co    Common Stock      —           5,830   
  Helix Energy Solutions Group Inc    Common Stock      —           4,128   
  Hellenic Telecomm Org    Common Stock      —           296   
  Hemisperix Bioprarma Inc    Common Stock      —           226   
  Henry Jack & Associates Inc    Common Stock      —           7,302   
  Herbalife Ltd    Common Stock      —           7,313   
  Hercules Offshore Inc    Common Stock      —           25,297   

 

25


Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
  Hermes International    Common Stock      —           3,580   
  Hewlett-Packard Co    Common Stock      —           20,020   
  Hillenbrand Inc    Common Stock      —           12,820   
  Hollyfrontier Corporation    Common Stock      —           13,965   
  Hologic Inc    Common Stock      —           2,001   
  Home Depot Inc    Common Stock      —           149,059   
  Home Solutions Amer Inc    Common Stock      —           —     
  Honeywell International Inc    Common Stock      —           2,083,948   
  Honeywell International Inc    Common Stock      —           19,041   
  Horizon Lines Inc    Common Stock      —           60   
  Hospira Inc    Common Stock      —           312   
  Houston Amern Energy Corp    Common Stock      —           10,340   
  Hovnanian Enterprise Inc    Common Stock      —           27,132   
  Howard Hughes Corp    Common Stock      —           1,899   
  HSBC Holdings Plc    Common Stock      —           33,024   
  HSN Inc    Common Stock      —           661   
  Hugoton Rty Tr Tex    Common Stock      —           8,906   
  Huntington Bancshares Inc    Common Stock      —           4,359   
  Hydrogenics Corporation    Common Stock      —           487   
  Hyperdynamics Corp    Common Stock      —           5,681   
  Iac / Interactivecrp    Common Stock      —           1,465   
  IBM    Common Stock      —           2,486,013   
  ICG Group Inc    Common Stock      —           857   
  Idearc Inc    Common Stock      —           —     
  Igo Inc Com    Common Stock      —           14   
  Illinois Tool Works    Common Stock      —           3,864   
  Illumina Inc    Common Stock      —           5,559   
  Illumina Inc    Common Stock      —           275,512   
  Imaging3 Inc    Common Stock      —           1,352   
  Imation Corp    Common Stock      —           467   
  Imax Corp    Common Stock      —           4,496   
  Immunogen Inc    Common Stock      —           6,375   
  Immunomedics Inc    Common Stock      —           2,920   
  Incyte Genomics Inc    Common Stock      —           48,086   
  Indevus Pharmaceuticals Inc    Common Stock      —           —     
  Inditex Unspon    Common Stock      —           3,037,975   
  Indymac Bancorp Inc    Common Stock      —           —     
  Infinera Corp    Common Stock      —           25,512   
  Infosys Technologies Limited    Common Stock      —           2,115   
  Ingles Mkts Inc    Common Stock      —           21,782   
  Ingles Mkts Inc    Common Stock      —           8,195   
  Inplay Technologies Inc    Common Stock      —           —     
  Insmed Incorporated    Common Stock      —           1,659   
  Insys Therapeutics Inc    Common Stock      —           248   
  Intel Corp    Common Stock      —           124,730   
  Intermune Inc    Common Stock      —           22,578   
  Interoil Corp    Common Stock      —           21,101   
  Interval Leisure Group Inc    Common Stock      —           233   
  Intl Business Machine    Common Stock      —           61,577   

 

26


Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
  Intl Fuel Tech Inc    Common Stock      —           473   
  Intl Speedway    Common Stock      —           15,013   
  Intuit    Common Stock      —           1,369,282   
  Intuitive Surgical Inc    Common Stock      —           2,452   
  Invensense Inc    Common Stock      —           6,699   
  Invesco Ltd    Common Stock      —           1,120,702   
  Invesco Van Kampen    Common Stock      —           20,953   
  Invivo Therapeutics Hldgs Corp    Common Stock      —           1,740   
  Invo Bioscience Inc    Common Stock      —           12   
  IPG Photonics Corp    Common Stock      —           23,794   
  Ironwood Gold Corp    Common Stock      —           642   
  Isc8 Inc    Common Stock      —           60   
  Isoray Inc    Common Stock      —           780   
  Ivanhoe Energy    Common Stock      —           4,089   
  Ja Solar Holdings Co    Common Stock      —           1,601   
  Jabil Circuit Inc    Common Stock      —           9,697   
  James Riv Coal Co    Common Stock      —           6,420   
  JDS Uniphase Corp    Common Stock      —           2,525   
  Jensen Portfolio, Inc.    Common Stock      —           71,410   
  Jetblue Awys Corp    Common Stock      —           12,298   
  John Bean Technologies Corp    Common Stock      —           404   
  Johnson & Johnson    Common Stock      —           140,096   
  Johnson & Johnson    Common Stock      —           2,017,824   
  Johnson Controls Inc    Common Stock      —           1,385,420   
  Johnson Controls Inc    Common Stock      —           11,533   
  Joy Global Inc    Common Stock      —           4,784   
  JP Morgan Chase & Co    Common Stock      —           7,692   
  JP Morgan Chase & Co    Common Stock      —           45,354   
  JP Morgan Chase & Co    Common Stock      —           1,843,151   
  Juniper Networks Inc    Common Stock      —           33,439   
  K V Pharmaceutical Co    Common Stock      —           37   
  Kansas City Southern    Common Stock      —           701,765   
  KB Home    Common Stock      —           28,523   
  Keegan Res Inc    Common Stock      —           19,800   
  Keryx Biopharmaceuticals Inc    Common Stock      —           13,703   
  Keycorp New    Common Stock      —           8,420   
  Kilroy Realty Corp    Common Stock      —           3,112   
  Kimberly Clark Corp    Common Stock      —           33,772   
  Kinder Morgan Energy Partners    Common Stock      —           231,453   
  Kinder Morgan Mgmt Llc    Common Stock      —           14,232   
  Kinross Gold Corp    Common Stock      —           19,440   
  KMA Global Solutions Intl Inc    Common Stock      —           42   
  Knightsbridge Tank    Common Stock      —           5,093   
  Kobex Minerals Inc    Common Stock      —           485   
  Kodiak Oil & Gas Corp    Common Stock      —           8,850   
  Kohl’s Corp    Common Stock      —           49,740   
  Kraft Foods Group Inc    Common Stock      —           38,149   
  Krispy Kreme Doughnuts Inc    Common Stock      —           9,380   
  Kronos Worldwide Inc    Common Stock      —           81   

 

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Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
  L-3 Communications Hldgs Inc    Common Stock      —           2,828   
  Laboratory Corp of America Hldgs    Common Stock      —           17,324   
  Las Vegas Sands Corp    Common Stock      —           9,952   
  LDK Solar Co Ltd    Common Stock      —           1,106   
  Leap Wireless Intl Inc    Common Stock      —        
  Legacy Resvs LP    Common Stock      —           2,380   
  Lehman Brothers Holdings Inc    Common Stock      —           —     
  Lender Processing Svcs Inc    Common Stock      —           4,924   
  Lennox Intl Inc    Common Stock      —           13,130   
  Level 3 Communications Inc    Common Stock      —           7,696   
  Life Technologies Corp    Common Stock      —           1,080,777   
  Life Technologies Corp    Common Stock      —           4,903   
  Lifeline Biotechnologies Inc    Common Stock      —           —     
  Lilly Eli & Co    Common Stock      —           2,959   
  Limelight Networks Inc    Common Stock      —           1,110   
  Linkedin Corp    Common Stock      —           2,107,772   
  Linn Co    Common Stock      —           4,715   
  Linn Energy Llc    Common Stock      —           107,515   
  Linux Gold Corp    Common Stock      —           95   
  Lithium Expl Group Inc    Common Stock      —           2,144   
  Live Nation Entertainment Inc    Common Stock      —           158   
  Lloyds Banking Group    Common Stock      —           6,400   
  Lone Pine Resources Inc    Common Stock      —           1,230   
  Loral Space & Communications Ltd    Common Stock      —           —     
  Lowes    Common Stock      —           375,304   
  Lowes    Common Stock      —           38,840   
  Lowes    Common Stock      —           817,251   
  LPBP Inc    Common Stock      —           —     
  LSI Logic Corp    Common Stock      —           643   
  Lululemon Athletica    Common Stock      —           1,768,368   
  Lumber Liquidators Hldgs Inc    Common Stock      —           17,751   
  Lynas Corporation NPV    Common Stock      —           298   
  Lyondellbasell Industries NV Com    Common Stock      —           28,545   
  M 2003 Plc    Common Stock      —           —     
  M D U Res Group Inc    Common Stock      —           2,174   
  Macquarie Infrastructure Co    Common Stock      —           22,780   
  Macys Inc    Common Stock      —           19,510   
  Mahanagar Tel Nigam Ltd    Common Stock      —           179   
  Main Str Cap Corp    Common Stock      —           40,375   
  Mako Surgical Corp    Common Stock      —           2,570   
  Mandalay Digital Group Inc    Common Stock      —           20   
  Manhattan Scientific Inc    Common Stock      —           4,272   
  Manitowoc Inc    Common Stock      —           2,979   
  Mannkind Corp    Common Stock      —           24,255   
  Marathon Oil Corp    Common Stock      —           53,287   
  Marathon Oil Corp    Common Stock      —           1,033,926   
  Marathon Petroleum Corp    Common Stock      —           45,328   
  Markel Corp Hldg Co    Common Stock      —           36,407   
  Marsh & Mclennan Cos    Common Stock      —           1,014,342   

 

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Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
  Marvell Tech Group    Common Stock      —           3,680   
  Mastercard Inc    Common Stock      —           39,302   
  Mastercard Inc    Common Stock      —           4,699,915   
  McDonalds Corp    Common Stock      —           905,895   
  McDonalds Corp    Common Stock      —           48,299   
  McKesson Corp    Common Stock      —           1,359,589   
  Medclean Technologies Inc    Common Stock      —           —     
  Medicines Co    Common Stock      —           11,985   
  Medivation Inc    Common Stock      —           1,739   
  Medtronic Inc    Common Stock      —           9,310   
  Meetme Inc    Common Stock      —           17,450   
  Mellanox Technologies Ltd    Common Stock      —           11,876   
  Mercadolibre Inc    Common Stock      —           2,362   
  Merck & Co Inc    Common Stock      —           90,962   
  Meru Networks    Common Stock      —           1,590   
  Metabolix Inc    Common Stock      —           740   
  Metlife Inc    Common Stock      —           460,264   
  Metlife Inc    Common Stock      —           3,697   
  Mgic Invst Corp    Common Stock      —           670   
  MGM Mirage    Common Stock      —           12,455   
  Michael Kors Holdings Ltd    Common Stock      —           5,103   
  Micro Imaging Technology Inc    Common Stock      —           60   
  Microsoft Corp    Common Stock      —           80,924   
  Microsoft Corp    Common Stock      —           682,317   
  Microsoft Corp    Common Stock      —           1,137,635   
  Microvision Inc    Common Stock      —           4,775   
  Miller Herman Inc    Common Stock      —           2,146   
  Mindspeed Technologies Inc    Common Stock      —           28   
  Mirant Corp    Common Stock      —           —     
  Miravant Medical Technology    Common Stock      —           —     
  Mitek Sys Inc    Common Stock      —           3,210   
  Modern Energy Corp    Common Stock      —           —     
  Molecular Insight Pharmaceuticals Inc    Common Stock      —           —     
  Molycorp Inc    Common Stock      —           15,293   
  Momenta Pharmaceuticals Inc    Common Stock      —           2,334   
  Mondelez International    Common Stock      —           1,316,153   
  Mondelez International    Common Stock      —           47,749   
  Monsanto Co    Common Stock      —           1,560,860   
  Monsanto Co    Common Stock      —           3,069,566   
  Monsanto Co    Common Stock      —           14,155   
  Monster Beverage Corp    Common Stock      —           2,536   
  Morgan Stanley    Common Stock      —           1,506,857   
  Morgan Stanley Dean Witter & Co    Common Stock      —           7,648   
  Mosaic Co    Common Stock      —           55,921   
  Mosaic Co    Common Stock      —           3,425   
  Motorola Solutions Inc    Common Stock      —           3,953   
  Motricity Inc    Common Stock      —           21   
  Multiband Corp    Common Stock      —           330   
  Nanogen Inc    Common Stock      —           8   

 

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Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
  Nanosphere Inc    Common Stock      —           216   
  National Bank of Greece    Common Stock      —           716   
  National Grid    Common Stock      —           11,488   
  National Oilwell    Common Stock      —           617,570   
  Navidea Biopharmaceuticals Inc    Common Stock      —           4,953   
  Navios Maritime Holdings Inc    Common Stock      —           20,412   
  Navios Maritime Partners    Common Stock      —           6,140   
  Neon Communications Inc    Common Stock      —           —     
  Neostem Inc    Common Stock      —           25,419   
  Nestle S A    Common Stock      —           6,511   
  Netapp Inc    Common Stock      —           2,684   
  Netgear Inc    Common Stock      —           3,943   
  Netlist Inc    Common Stock      —           740   
  Neutral Tandem Inc    Common Stock      —           1,568   
  New Centy Finl Corp    Common Stock      —           —     
  New Gold Inc    Common Stock      —           1,302   
  New Ireland    Common Stock      —           6,445   
  Newcastle Invt Corp    Common Stock      —           36,456   
  Newfield Exploration Co    Common Stock      —           18,746   
  Newmont Mining    Common Stock      —           518,200   
  Newmont Mining    Common Stock      —           46,808   
  Nextera Energy Inc    Common Stock      —           36,971   
  Nike Inc    Common Stock      —           2,981,612   
  Nike Inc    Common Stock      —           16,759   
  Nokia Corp    Common Stock      —           16,020   
  Noranda Alum Hldg Corp    Common Stock      —           12,226   
  Nordic American Tanker Shipping Ltd    Common Stock      —           26,250   
  Nortel Networks Corp    Common Stock      —           —     
  North American Palladium    Common Stock      —           2,600   
  Northern Oil & Gas Inc    Common Stock      —           7,653   
  Northfield Laboratories Inc    Common Stock      —           —     
  Northstar Rlty Fin Corp    Common Stock      —           8,683   
  Novartis AG    Common Stock      —           1,112,629   
  Novartis AG    Common Stock      —           1,959,603   
  Novartis AG    Common Stock      —           41,430   
  Novatel Wireless Inc    Common Stock      —           1,596   
  Novavax Inc    Common Stock      —           1,512   
  Novelos Therapeutics Inc    Common Stock      —           39   
  Novo Nordisk    Common Stock      —           14,476   
  Novo Nordisk    Common Stock      —           2,250,522   
  NPS Pharmaceuticals Inc    Common Stock      —           18,200   
  NRG Energy Inc    Common Stock      —           8,828   
  Nucor Corp    Common Stock      —           23,149   
  Nuveen Diversified Commodity    Common Stock      —           4,273   
  Nvidia Corp    Common Stock      —           23,301   
  Nxstage Med Inc    Common Stock      —           4,331   
  O Reilly Automotive Inc    Common Stock      —           7,869   
  Occidental Petroleum Corp    Common Stock      —           2,735   
  Occidental Petroleum Corp    Common Stock      —           764,071   

 

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Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
  Ocean Rig Udw Inc    Common Stock      —           717   
  Oclaro Inc    Common Stock      —           425   
  Oilsands Quest Inc    Common Stock      —           7   
  Olin Corp    Common Stock      —           2,438   
  Omega Navigation Enterprises Inc    Common Stock      —           80   
  Oncogenex Pharmaceuticals Inc    Common Stock      —           223   
  Oncolytics Biotech Inc    Common Stock      —           608,776   
  Oneok Partners LP    Common Stock      —           8,099   
  Optigenex Inc    Common Stock      —           5   
  Oracle Corp.    Common Stock      —           44,674   
  Orchard Supply Hardware Stores Corp    Common Stock      —           67   
  Orexigen Therapeutics Inc    Common Stock      —           18,375   
  Origin Agritech Limited    Common Stock      —           4,170   
  Osiris Therapeutics Inc    Common Stock      —           13,470   
  Otelco Inc    Common Stock      —           2,740   
  Owens Corning    Common Stock      —           36,990   
  Owens Illinois Inc    Common Stock      —           613,306   
  Owens Illinois Inc    Common Stock      —           842,245   
  Oxford Resource Partners LP    Common Stock      —           2,287   
  Oxigene Inc    Common Stock      —           43   
  Pace Oil & Gas Ltd    Common Stock      —           261   
  Pacific Ethanol Inc    Common Stock      —           1,589   
  Palatin Technologies Inc    Common Stock      —           30   
  Pan American Silver Corp    Common Stock      —           10,329   
  Panacos Pharmaceuticals Inc    Common Stock      —           1   
  Pandora Media Inc    Common Stock      —           5,508   
  Panera Bread Co    Common Stock      —           696,530   
  Patriot Coal Corp    Common Stock      —           412   
  Patterson-Uti Energy Inc    Common Stock      —           11,178   
  Pay Chest Inc    Common Stock      —           —     
  Paychex Inc    Common Stock      —           20,499   
  PDI Inc    Common Stock      —           760   
  PDL Biopharma Inc    Common Stock      —           10,560   
  Peabody Energy Corp    Common Stock      —           2,661   
  Pembina Pipeline Corporation    Common Stock      —           112   
  Penn West Petroleum Ltd    Common Stock      —           5,688   
  Pennymac Mortgage Investment    Common Stock      —           33,979   
  Penson Worldwide Inc    Common Stock      —           1,013   
  Pentair Ltd    Common Stock      —           246   
  Pepco Hldgs Inc    Common Stock      —           58,359   
  Pepsico Inc    Common Stock      —           51,545   
  Permian Basin Rty Tr    Common Stock      —           4,291   
  Perrigo Co    Common Stock      —           1,006,418   
  Pershing Gold Corp    Common Stock      —           4,591   
  Petmedexpress Inc    Common Stock      —           1,320   
  Petrochina Co Ltd    Common Stock      —           1,725   
  Petroleo Brasileiro SA Petrobras    Common Stock      —           15,797   
  Petsmart Inc    Common Stock      —           4,784   
  Pfizer Inc    Common Stock      —           142,862   

 

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Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
 

Pfizer Inc

   Common Stock      —           1,020,355   
 

Pfizer Inc

   Common Stock      —           2,406,008   
 

Pharmacyclics Inc

   Common Stock      —           8,667   
 

Pharmos Corp

   Common Stock      —           1   
 

Philip Morris Intl Inc

   Common Stock      —           129,828   
 

Phillips 66

   Common Stock      —           65,825   
 

Pilgrims Pride Corp

   Common Stock      —           38,191   
 

Pilot Gold Inc Com

   Common Stock      —           4,813   
 

Pioneer Energy Svcs Corp

   Common Stock      —           726   
 

Pitney Bowes Inc

   Common Stock      —           7,448   
 

Platinum Studios Inc

   Common Stock      —           —     
 

Plum Creek Timber Co Inc

   Common Stock      —           13,311   
 

Pluristem Therapeutics Inc

   Common Stock      —           1,423   
 

PMC-Sierra Inc

   Common Stock      —           3,647   
 

PMI Group Inc

   Common Stock      —           136   
 

Polymedix Inc

   Common Stock      —           1,700   
 

Polymet Mining Corp

   Common Stock      —           15,144   
 

Pop3 Media Corp

   Common Stock      —           —     
 

Portfolio Recovery Assocs Inc

   Common Stock      —           3,313   
 

Positiveid Corp

   Common Stock      —           190   
 

Potash Corp Sask Inc

   Common Stock      —           227,024   
 

Power 3 Med Prods Inc

   Common Stock      —           —     
 

Powerwave Technologies Inc

   Common Stock      —           31   
 

PPG Industries

   Common Stock      —           54,140   
 

Prana Biotechnology Ltd

   Common Stock      —           12,100   
 

Praxair Inc

   Common Stock      —           3,047   
 

Precision Castparts Corp

   Common Stock      —           2,273   
 

Precision Castparts Corp

   Common Stock      —           3,621,993   
 

Priceline.com Inc

   Common Stock      —           1,929,820   
 

Pricesmart Inc

   Common Stock      —           1,164   
 

Primerica Inc

   Common Stock      —           3,301   
 

Primero Mining Corp

   Common Stock      —           3,235   
 

Pristine Solutions Inc

   Common Stock      —           75   
 

Procter & Gamble Co

   Common Stock      —           115,229   
 

Procter & Gamble Co

   Common Stock      —           891,629   
 

Prologis Inc

   Common Stock      —           369   
 

Prospect Energy Corp

   Common Stock      —           51,745   
 

Prothena Corp Plc

   Common Stock      —           125   
 

Proxim Wireless Corp

   Common Stock      —           44   
 

Prudential Finl Inc

   Common Stock      —           13,333   
 

Qihoo 360 Technology Co

   Common Stock      —           4,454   
 

QR Energy LP

   Common Stock      —           16,999   
 

Qualcomm Inc

   Common Stock      —           43,979   
 

Qualcomm Inc

   Common Stock      —           1,215,863   
 

Quality Systems

   Common Stock      —           23,930   
 

Quantum Fuel Sys Technologies Worldwide Inc

   Common Stock      —           715   
 

Quest Diagnostics Inc

   Common Stock      —           14,568   
 

Rackspace Hosting

   Common Stock      —           1,250,812   
 

Radian Group Inc

   Common Stock      —           3,115   

 

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Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
 

Radient Pharmaceuticals Corp

   Common Stock      —           —     
 

Ralph Lauren Corp

   Common Stock      —           2,154,906   
 

Rambus Inc

   Common Stock      —           4,870   
 

Ramp Corp

   Common Stock      —           —     
 

Randgold Res Ltd

   Common Stock      —           4,961   
 

Ranger Equity Bear

   Common Stock      —           7,543   
 

Rayonier Inc

   Common Stock      —           20,214   
 

Raystream Inc

   Common Stock      —           —     
 

Raytheon Co

   Common Stock      —           2,920   
 

Realty Income Corp (Maryland)

   Common Stock      —           8,093   
 

Red Hat Inc

   Common Stock      —           1,888,540   
 

Regions Finl Corp

   Common Stock      —           3,804   
 

Reliance Steel and Aluminum Co

   Common Stock      —           6,210   
 

Rentech Nitrogen Partners

   Common Stock      —           10,570   
 

Repligen Corp

   Common Stock      —           2,198   
 

Republic Service Enterprise

   Common Stock      —           935,495   
 

Research In Motion Ltd

   Common Stock      —           14,007   
 

Resource Cap Corp

   Common Stock      —           118,202   
 

Retail Opportunity Invts Corp

   Common Stock      —           7,955   
 

Reynolds Amern Inc

   Common Stock      —           56,052   
 

Ricebran Technologies

   Common Stock      —           1,134   
 

Rio Tinto Plc

   Common Stock      —           3,023   
 

Rock-Tenn Co

   Common Stock      —           10,487   
 

Rockwell Automation Inc

   Common Stock      —           33,596   
 

Roper Industries

   Common Stock      —           947,052   
 

Rosetta Stone Inc

   Common Stock      —           1,234   
 

Royal Bk Scotland Group Plc

   Common Stock      —           540   
 

Royal Dutch Shell

   Common Stock      —           6,895   
 

Royal Gold Inc

   Common Stock      —           16,272   
 

Rubicon Minerals Corp

   Common Stock      —           47,175   
 

Salesforce.com Inc

   Common Stock      —           2,571,259   
 

Samson Oil & Gas Ltd

   Common Stock      —           770   
 

San Gold Corporation

   Common Stock      —           555   
 

San Juan Basin

   Common Stock      —           6,454   
 

Sandisk Corp

   Common Stock      —           17,400   
 

Sandridge Energy Inc

   Common Stock      —           40,621   
 

Sanmina Corp

   Common Stock      —           2,214   
 

Sanofi

   Common Stock      —           10,177   
 

Sanofi

   Common Stock      —           1,127,558   
 

Santarus Inc

   Common Stock      —           5,490   
 

SAP AG

   Common Stock      —           8,038   
 

Sarepta Therapeutics Inc

   Common Stock      —           133,515   
 

Satcon Technology Corp

   Common Stock      —           5   
 

Savient Pharmaceuticals Inc

   Common Stock      —           1,050   
 

Schlumberger Ltd

   Common Stock      —           1,304,470   
 

Schlumberger Ltd

   Common Stock      —           70,759   
 

Sciclone Pharmaceutical Inc

   Common Stock      —           1,509   
 

Seadrill Ltd

   Common Stock      —           41,904   
 

Seagate Technology Plc

   Common Stock      —           31,162   

 

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Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
 

Sears Canada Inc

   Common Stock      —           858   
 

Sears Hldgs Corp

   Common Stock      —           8,272   
 

Seattle Genetics Inc

   Common Stock      —           2,317   
 

Sector Spdr Tr

   Common Stock      —           7,030   
 

Sequenom Inc

   Common Stock      —           7,065   
 

Ship Finance International Limited

   Common Stock      —           473   
 

Shire Plc

   Common Stock      —           2,417,184   
 

Silicon Image Inc

   Common Stock      —           1,488   
 

Silver Wheaton Corp

   Common Stock      —           41,652   
 

Silvercorp Metals Inc

   Common Stock      —           35,840   
 

Sirius Xm Radio Inc

   Common Stock      —           262,669   
 

Skyworks Solutions Inc

   Common Stock      —           1,726   
 

SMF Energy Corp

   Common Stock      —           580   
 

Smith & Wesson Hldg Corp

   Common Stock      —           4,220   
 

Smurfit Stone Container

   Common Stock      —           —     
 

Socket Mobile Inc

   Common Stock      —           22,482   
 

Solar Cap Ltd

   Common Stock      —           10,637   
 

Sonic Corp

   Common Stock      —           10,410   
 

Sony Corp

   Common Stock      —           34   
 

Sothebys Hldgs Inc

   Common Stock      —           1,345   
 

Southern Co

   Common Stock      —           228,625   
 

Southern Copper Corp

   Common Stock      —           44,405   
 

Southwest Airlines Co

   Common Stock      —           973,762   
 

Southwest Airlines Co

   Common Stock      —           8,204   
 

Southwestern Energy Co

   Common Stock      —           842,935   
 

Spectra Energy Corp

   Common Stock      —           41,333   
 

Spectranetics Corp

   Common Stock      —           34,266   
 

Spirit Aerosystems Hldgs Inc

   Common Stock      —           1,273   
 

Splunk Inc

   Common Stock      —           638,497   
 

Spongetech Delivery Sys Inc

   Common Stock      —           —     
 

Sports Concepts Inc Com

   Common Stock      —           —     
 

Sprint Corp

   Common Stock      —           58,259   
 

Sprott Physical Silver

   Common Stock      —           49,135   
 

St Jude Medical Inc

   Common Stock      —           7,501   
 

ST Microelectronics

   Common Stock      —           4,401   
 

Standard Pkg Corp

   Common Stock      —           6,597   
 

Standex Intl Corp

   Common Stock      —           5,129   
 

Stanley Black & Decker

   Common Stock      —           982,437   
 

Star Bulk Carriers Corp

   Common Stock      —           99   
 

Star Scientific Inc

   Common Stock      —           3,216   
 

Starbucks Corp

   Common Stock      —           5,363   

*

 

State Street Corp

   Common Stock      —           12,031   

*

 

State Street Corp

   Common Stock      —           1,234,806   
 

Statoil Asa

   Common Stock      —           7,854   
 

Steelcase Inc

   Common Stock      —           6,370   
 

Stem Cell Innovations Inc

   Common Stock      —           —     
 

Stemcells Inc

   Common Stock      —           16,512   
 

Sterlite Inds

   Common Stock      —           620   
 

Stevia Corp

   Common Stock      —           78   

 

34


Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
 

Stryker Corp

   Common Stock      —           1,754   
 

Sturm Ruger & Co Inc

   Common Stock      —           12,896   
 

Sulphco Inc

   Common Stock      —           6   
 

Suncor Energy

   Common Stock      —           2,233   
 

Sunesis Pharmaceuticals Inc

   Common Stock      —           6,997   
 

Suntech Pwr Hldgs Co

   Common Stock      —           1,951   
 

Suntrust Banks Inc

   Common Stock      —           6,419   
 

Surebeam Corp

   Common Stock      —           —     
 

Syntax Brillian Corp

   Common Stock      —           —     
 

Sysco Corp

   Common Stock      —           606,512   
 

Sysco Corp

   Common Stock      —           5,643   
 

Taiwan Semiconductor Manufacturing

   Common Stock      —           6,898   
 

Talon Therapeutics Inc

   Common Stock      —           7,999   
 

Tangoe Inc Com

   Common Stock      —           11,870   
 

Target Corp

   Common Stock      —           5,917   
 

Taseko Mines Ltd

   Common Stock      —           48,267   
 

Taser International Inc

   Common Stock      —           21,456   
 

Tata Mtrs Ltd

   Common Stock      —           21,408   
 

Te Connectivity Ltd

   Common Stock      —           817   
 

Teck Cominco Ltd

   Common Stock      —           7,292   
 

Templeton Global

   Common Stock      —           1,888   
 

Tencent Holdings Ltd

   Common Stock      —           696,698   
 

Tenet Healthcare Corp

   Common Stock      —           8,118   
 

Teradata Corp

   Common Stock      —           671,714   
 

Terex Corp

   Common Stock      —           2,108   
 

Terra Inventions Corp

   Common Stock      —           3   
 

Tesco

   Common Stock      —           28,674   
 

Tesla Motors Inc

   Common Stock      —           3,387   
 

Tesoro Pete Corp

   Common Stock      —           1,410   
 

Teva Pharmaceutical Inds Ltd

   Common Stock      —           47,004   
 

Texas Instruments Inc

   Common Stock      —           1,222,101   
 

Texas Instruments Inc

   Common Stock      —           2,193,671   
 

TG Therapeutics Inc

   Common Stock      —           4   
 

The Wendys Company

   Common Stock      —           7,445   
 

Theragenics Corp

   Common Stock      —           1,590   
 

Thermo Fisher Scientific

   Common Stock      —           913,228   
 

Thomas Pptys Group Inc

   Common Stock      —           4,439   
 

Thompson Creek Metals Co Inc

   Common Stock      —           2,386   
 

Thornburg Mtg Inc

   Common Stock      —           —     
 

Threshold Pharmaceuticals Inc

   Common Stock      —           211   
 

Tibco Software Inc

   Common Stock      —           1,099   
 

Tiffany & Co

   Common Stock      —           8,644   
 

Time Warner Cable Inc

   Common Stock      —           3,790   
 

Time Warner Inc

   Common Stock      —           840,712   
 

Time Warner Inc

   Common Stock      —           2,637,851   
 

Time Warner Inc

   Common Stock      —           7,557   
 

Titan Iron Ore Corp

   Common Stock      —           4,576   
 

Titan Medical Inc

   Common Stock      —           23,778   
 

TJX Companies

   Common Stock      —           2,474,651   

 

35


Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
 

Torch Energy Royalty Trust

   Common Stock      —           95   
 

Torchlight Energy Res Inc

   Common Stock      —           68,680   
 

Total

   Common Stock      —           9,006   
 

Tousa Inc

   Common Stock      —           4   
 

Toyota Motor Corp

   Common Stock      —           28,277   
 

Transcanada Corp

   Common Stock      —           9,464   
 

Transmeridian Expl Inc

   Common Stock      —           —     
 

Transmontaigne Partners LP

   Common Stock      —           7,594   
 

Transocean Ltd

   Common Stock      —           30,520   
 

Transwitch Corp

   Common Stock      —           732   
 

Travelers Cos Inc

   Common Stock      —           1,652   
 

Tree Com Inc

   Common Stock      —           36   
 

Trimedyne Inc

   Common Stock      —           800   
 

Tripadvisor Inc

   Common Stock      —           1,300   
 

TRW Automotive Hldgs Corp

   Common Stock      —           5,361   
 

Turkcell Iletisim Hizmet

   Common Stock      —           918   
 

Turkish Invt

   Common Stock      —           8,503   
 

Tyco International Ltd

   Common Stock      —           644   
 

U S Shipping Partner

   Common Stock      —           —     
 

UAL Corp

   Common Stock      —           —     
 

Ultra Petroleum Corp

   Common Stock      —           10,334   
 

Unilever Plc

   Common Stock      —           3,305   
 

Union Pacific Corp

   Common Stock      —           30,469   
 

Union Pacific Corp

   Common Stock      —           2,280,554   
 

Uniroyal Tech Corp

   Common Stock      —           —     
 

United Parcel Service

   Common Stock      —           20,575   
 

United States Natural Gas Fund

   Common Stock      —           94,387   
 

United States Steel Corp

   Common Stock      —           60,820   
 

United Sts Gasoline

   Common Stock      —           5,844   
 

United Technologies Corp

   Common Stock      —           11,230   
 

United Technologies Corp

   Common Stock      —           2,132,848   
 

UnitedHealth Group

   Common Stock      —           1,130,131   
 

UnitedHealth Group

   Common Stock      —           1,347,213   
 

UnitedHealth Group

   Common Stock      —           1,523,803   
 

Universal Display Corp

   Common Stock      —           5,893   
 

Universal Ins Hldgs Inc

   Common Stock      —           9,487   
 

US Airways Group Inc

   Common Stock      —           6,750   
 

US Bancorp

   Common Stock      —           6,536   
 

Usec Inc

   Common Stock      —           398   
 

Valero Energy Corp

   Common Stock      —           18,812   
 

Vanguard Nat Res LLC

   Common Stock      —           18,562   
 

Vasco Data Security Intl

   Common Stock      —           4,357   
 

Vaso Active Pharmaceuticals Inc

   Common Stock      —           —     
 

Velatel Global Communications Inc

   Common Stock      —           11   
 

Venaxis Inc Com

   Common Stock      —           69   
 

Ventas Inc

   Common Stock      —           4,559   
 

Veolia Environnement

   Common Stock      —           6,120   
 

Verenium Corp

   Common Stock      —           89   
 

Verisign Inc

   Common Stock      —           388   

 

36


Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
 

Verizon Communications

   Common Stock      —           262,874   
 

Vertex Pharmaceuticals Inc

   Common Stock      —           1,790,981   
 

Vertex Pharmaceuticals Inc

   Common Stock      —           11,313   
 

VF Corp

   Common Stock      —           9,881   
 

VG Life Sciences Inc

   Common Stock      —           5   
 

Via Networks Inc

   Common Stock      —           —     
 

Via Pharmaceuticals Inc

   Common Stock      —           —     
 

Viacom Inc

   Common Stock      —           1,760,287   
 

Viragen Inc

   Common Stock      —           —     
 

Virexx Med Corp

   Common Stock      —           —     
 

Viropharma Inc

   Common Stock      —           2,276   
 

Viropro Inc

   Common Stock      —           8,108   
 

Virtual Piggy Inc

   Common Stock      —           100,300   
 

Visa Inc

   Common Stock      —           2,285,490   
 

Visteon Corp

   Common Stock      —           5,382   
 

Vivus Inc

   Common Stock      —           6,710   
 

VMWare Inc

   Common Stock      —           2,160,879   
 

VMWare Inc

   Common Stock      —           16,004   
 

Vodafone Group Plc

   Common Stock      —           9,068   
 

Vodafone Inc

   Common Stock      —           1,896,683   
 

Volkswagen Ag

   Common Stock      —           1,717   
 

Vonage Hldgs Corp

   Common Stock      —           1,600   
 

W & T Offshore Inc

   Common Stock      —           4,809   
 

Walgreen Company

   Common Stock      —           81,854   
 

Walmart Stores Inc

   Common Stock      —           7,318   
 

Walt Disney

   Common Stock      —           1,796,198   
 

Waste Management Inc

   Common Stock      —           9,677   
 

Weatherford Int Ltd

   Common Stock      —           22,380   
 

Weatherford Int Ltd

   Common Stock      —           849,734   
 

Weingarten Rlty

   Common Stock      —           4,124   
 

WellPoint Inc

   Common Stock      —           890,325   
 

Wells Fargo & Co

   Common Stock      —           1,061,499   
 

Wells Fargo & Co

   Common Stock      —           45,031   
 

Wellstar Intl Inc

   Common Stock      —           —     
 

Westell Technologies Inc

   Common Stock      —           1,850   
 

Western Asset High Inc

   Common Stock      —           11,494   
 

Western Cap Res Inc Com

   Common Stock      —           —     
 

Western Capital Res Inc

   Common Stock      —           —     
 

Western Digital Corp

   Common Stock      —           21,245   
 

Western Pac Minerals Ltd

   Common Stock      —           —     
 

Western Refng Inc

   Common Stock      —           86   
 

Western Union Co

   Common Stock      —           1,361   
 

Westport Innovations Inc

   Common Stock      —           58,762   
 

Weyerhaeuser Co

   Common Stock      —           27,820   
 

Whole Foods Mkt Inc

   Common Stock      —           2,382,991   
 

Whole Foods Mkt Inc

   Common Stock      —           186   
 

Williams Cos Inc

   Common Stock      —           7,277   
 

Windstream Corp

   Common Stock      —           56,931   
 

Wintrust Financial Corp

   Common Stock      —           18,468   

 

37


Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
 

Women First Healthcare Inc

   Common Stock      —           —     
 

Workday Inc

   Common Stock      —           440,496   
 

WPX Energy Inc

   Common Stock      —           1,056   
 

Wuxi Pharmatech Cayman Inc

   Common Stock      —           6,300   
 

Wynn Resorts Ltd

   Common Stock      —           12,570   
 

Xerox Corp

   Common Stock      —           2,106   
 

Xinyuan Real Estate Co Ltd

   Common Stock      —           537   
 

Xoma Corp

   Common Stock      —           2,318   
 

XPO Logistics Inc

   Common Stock      —           5,127   
 

Xybernaut Corp

   Common Stock      —           —     
 

Yahoo Inc

   Common Stock      —           7,164   
 

Yamana Gold Inc

   Common Stock      —           18,110   
 

Yanzhou Coal Mining Co

   Common Stock      —           17,080   
 

Yingli Green Energy Hldg Co

   Common Stock      —           470   
 

Youku.com Inc

   Common Stock      —           259,367   
 

YRC Worldwide Inc

   Common Stock      —           20   
 

Yum! Brands Inc

   Common Stock      —           2,032,753   
 

Yum! Brands Inc

   Common Stock      —           8,581   
 

Zap Com

   Common Stock      —           56   
 

Zimmer Holdings Inc

   Common Stock      —           67   
 

Zion Oil & Gas Inc

   Common Stock      —           2   
 

Zion Oil & Gas Inc

   Common Stock      —           3,098   
 

Zipcar Inc

   Common Stock      —           22,446   
 

Zoltek Cos Inc

   Common Stock      —           15,500   
 

Zynex Inc

   Common Stock      —           630   
 

Zynga Inc

   Common Stock      —           1,652   
          

 

 

 
 

Common Stock

        —         $ 444,196,379   
          

 

 

 

**

 

U.S. Government and Government Agency Issues:

        
 

Bonos Y Oblig Del Estado

   5.85% 31 Jan 2022      —           393,045   
 

Bonos Y Oblig Del Estado

   5.5% 30 Apr 2021      —           652,627   
 

Fannie Mae

   6.625% 15 Nov 2030      —           1,330,784   
 

Fed HM LN Pool A58677

   5.5% 01 Mar 2037      —           374,510   
 

Fed HM LN Pool C09004

   3.5% 01 Jul 2042      —           978,532   
 

Fed HM LN Pool C48827

   6.0% 01 Mar 2031      —           9,682   
 

Fed HM LN Pool C91370

   4.5% 01 May 2031      —           424,828   
 

Fed HM LN Pool G12334

   5.0% 01 Sep 2021      —           130,608   
 

FNMA Pool 256398

   6.0% 01 Sep 2021      —           27,790   
 

FNMA Pool 581043

   6.0% 01 May 2016      —           11,769   
 

FNMA Pool 615005

   6.0% 01 Dec 2016      —           16,537   
 

FNMA Pool 694448

   5.5% 01 Apr 2033      —           237,054   
 

FNMA Pool 725690

   6.0% 01 Aug 2034      —           178,684   
 

FNMA Pool 748115

   6.0% 01 oct 2033      —           73,764   
 

FNMA Pool 815316

   5.5% 01 May 2035      —           304,267   
 

FNMA Pool 822979

   5.5% 01 Apr 2035      —           276,663   
 

FNMA Pool 885504

   6.0% 01 Jun 2021      —           128,289   
 

FNMA Pool 902793

   6.5% 01 Nov 2036      —           131,430   

 

38


Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
 

FNMA Pool AB5236

   3.0% 01 May 2027      —           451,314   
 

FNMA Pool AH3765

   4.0% 01 Jan 2041      —           1,129,849   
 

FNMA Pool AH3979

   4.0% 01 Feb 2041      —           402,203   
 

FNMA Pool AH4008

   4.0% 01 Mar 2041      —           522,976   
 

FNMA Pool AH9374

   4.5% 01 Apr 2041      —           528,118   
 

FNMA Pool AK9780

   3.5% 01 May 2042      —           50,071   
 

FNMA Pool AL0920

   5.0% 01 Jul 2037      —           523,241   
 

FNMA Pool AO3466

   3.0% 01 Jun 2027      —           510,953   
 

FNMA Pool AO3540

   3.0% 01 Jun 2042      —           206,831   
 

FNMA Pool AO4136

   3.5% 01 Jun 2042      —           19,883   
 

FNMA Pool AO5515

   3.5% 01 Jul 2042      —           55,826   
 

FNMA Pool AO8494

   2.5% 01 Jun 2027      —           823,017   
 

FNMA Pool AP6604

   3.0% 01 Sep 2042      —           818,477   
 

FNMA Pool MA0734

   4.5% 01 May 2031      —           415,983   
 

FNMA Pool MA0918

   4.0% 01 Dec 2041      —           1,095,447   
 

Mexico Bonds

   8.0% 17 Dec 2015      —           115,378   
 

Mexico Bonds

   6.25% 16 Jun 2016      —           1,937,428   
 

Republic of Philippines

   3.9% 26 Nov 2022      —           248,850   
 

Tennessee Valley Authority

   3.5% 15 Dec 2042      —           500,389   
 

United Mexican States

   6.05% 11 Jan 2040      —           529,604   
 

US Treasury N/B

   1.625% 15 Aug 2022      —           83,373   
 

US Treasury N/B

   2.75% 15 Aug 2042      —           85,805   
 

US Treasury N/B

   1.75% 15 May 2022      —           597,537   
 

US Treasury N/B

   0.5% 15 Nov 2013      —           668,297   
 

US Treasury N/B

   1.0% 30 Jun 2019      —           1,353,551   
 

US Treasury N/B

   0.625% 30 Apr 2013      —           1,355,023   
 

US Treasury N/B

   3.0% 15 May 2042      —           2,816,365   
 

US Treasury N/B

   1.875% 31 Aug 2017      —           4,765,562   
          

 

 

 
 

        U.S. Government and Government Agency Issues

     —         $ 28,292,214   
          

 

 

 

**

 

Corporate and Other Obligations:

     
 

Albertson’s Inc

   6.625% 01 Jun 2028      —           13,144   
 

Alcoa Inc

   5.87% 23 Feb 2022      —           346,120   
 

Ally Financial Inc

   5.5% 15 Feb 2017      —           142,589   
 

Ally Financial Inc

   6.25% 01 Dec 2017      —           377,151   
 

American Tower Corp

   4.625% 01 Apr 2015      —           151,127   
 

American Tower Corp

   4.5% 15 Jan 2018      —           227,289   
 

Amphenol Corp

   4.75% 15 Nov 2014      —           336,643   
 

Anadarko Petroleum

   6.375% 15 Sep 2017      —           436,364   
 

ArcelorMittal

   7.25% 01 Mar 2041      —           343,406   
 

Associates Corp

   6.95% 01 Nov 2018      —           178,401   
 

Banco Santander

   3.875% 20 Sep 2022      —           202,431   
 

Banco Santander Brazil

   4.625% 13 Mar 2017      —           417,642   

*

 

Bank of America

   5.0% 13 May 2021      —           152,171   

*

 

Bank of America

   5.625% 01 Jul 2020      —           462,390   

*

 

Bank of America Coml Mtg

   1.0% 10 Apr 2049      —           173,214   
 

Bear Stearns Coml Mtg

   1.0% 11 Jun 2040      —           204,668   

 

39


Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
 

Biomed Rlty Tr Inc Pfd Ser A 7.375%

   Preferred Stock      —           7,644   
 

Braskem America Finance

   7.125% 22 Jul 2041      —           342,925   
 

Brocade Communications

   6.875% 51 Jan 2020      —           47,873   
 

Brocade Communications

   6.625% 15 Jan 2018      —           142,719   
 

Bunge Limited Finance

   4.1% 15 Mar 2016      —           79,546   
 

Cablevision Systems

   8.0% 15 Apr 2020      —           289,116   
 

CCO Hldgs LLC

   6.5% 30 Apr 2021      —           111,834   
 

Celulosa Arauco

   5.0% 21 Jan 2021      —           236,268   
 

China Resources

   4.5% 05 Apr 2022      —           217,191   
 

Cielo SA

   3.75% 16 Nov 2022      —           389,799   
 

CitiGroup Inc

   4.45% 10 Jan 2017      —           355,474   
 

Citigroup/Deutsche Bank

   5.322% 11 Dec 2049      —           520,986   
 

CNPC General Capital

   3.95% 19 Apr 2022      —           213,477   
 

Comcast Corp

   5.65% 15 Jun 2035      —           105,421   
 

Commerical Mortgage Passthru

   1.0% 10 Dec 2049      —           58,659   
 

Continental Airlines

   5.983% 19 Oct 2023      —           295,106   
 

Contl Airlines

   4.0% 29 Apr 2026      —           176,658   
 

Cox Communications

   5.45% 15 Dec 2014      —           32,303   
 

Credit Suisse Coml Mtg

   1.0% 15 Jan 2049      —           359,173   
 

Crown Castle Towers LLC

   3.214% 15 Aug 2035      —           102,941   
 

DelHaize Group

   4.125% 10 Apr 2019      —           356,710   
 

Deluxe Group

   6.0% 15 Nov 2020      —           534,060   
 

Dolphin Energy Ltd

   5.5% 15 Dec 2021      —           230,295   
 

Dun & Bradstreet

   3.25% 01 Dec 2017      —           139,691   
 

Embarq Corp

   7.995% 01 Jun 2036      —           687,033   
 

Energy Transfer Partners

   5.2% 01 Feb 2022      —           95,732   
 

Energy Transfer Partners

   6.05% 01 Jun 2041      —           483,029   
 

Enersis SA

   7.375% 15 Jan 2014      —           161,242   
 

Enron Cap Res LP Pfd Ser A 9%

   Preferred Stock      —           —     
 

Equifax Inc

   7.0% 01 Jul 2037      —           242,605   
 

ERAC USA Fin Co

   6.375% 15 Oct 2017      —           173,151   
 

FIServ Inc

   3.5% 01 Oct 2022      —           291,519   
 

FMC Technologies

   3.45% 01 Oct 2022      —           125,964   
 

Ford Motor Company

   7.45% 16 Jul 2031      —           300,939   
 

Ford Motor Credit

   7.0% 01 Oct 2013      —           139,301   
 

Ford Motor Credit

   5.75% 01 Feb 2021      —           341,022   
 

Ford Motor Credit

   5.0% 15 May 2018      —           424,889   
 

Frontier Communications

   8.5% 15 Apr 2020      —           266,827   
 

Frontier Communications

   7.875% 15 Jan 2027      —           290,621   
 

GE Equipment Midticket

   0.6% 23 May 2016      —           637,481   
 

General Elec Cap Corp

   2.95% 09 May 2016      —           197,605   
 

General Elec Cap Corp

   5.3% 11 Feb 2021      —           343,823   
 

General Elec Cap Corp

   3.75% 14 Nov 2014      —           442,467   
 

General Motors

   6.75% 01 Jun 2018      —           266,173   
 

Georgia Pacific LLC

   8.875% 15 May 2031      —           7,402   
 

Georgia Pacific LLC

   7.375% 01 Dec 2025      —           174,892   
 

Georgia Pacific LLC

   7.75% 15 Nov 2029      —           249,795   
 

Georgia Pacific LLC

   7.25% 01 Jun 2028      —           329,644   
 

Goldman Sachs

   5.25% 27 Jul 2021      —           264,501   

 

40


Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
 

Goldman Sachs

   6.15% 01 Apr 2018      —           289,972   
 

Greenwich Capital Commercial

   5.736% 10 Dec 2049      —           139,665   
 

GS Mortgage Securities

   1.0% 10 Aug 2045      —           523,619   
 

Hana Bank

   4.25% 14 Jun 2017      —           273,899   
 

HCA Inc

   7.5% 15 Feb 2022      —           423,936   
 

Health Care Reit Inc Pfd Ser J

   Preferred Stock      —           43,040   
 

Hospitality Pptys Tr Redeemable Cum Pfd 7.125%

   Preferred Stock      —           69,160   
 

Hutch Whampoa Ltd

   4.625% 13 Jan 2022      —           517,617   
 

Hyundai Capital Services

   3.5% 13 Sep 2017      —           208,527   
 

Intl Lease Finance Corp

   6.25% 15 May 2019      —           693,996   
 

Ipalco Enterprises Inc

   5.0% 01 May 2018      —           36,198   
 

IPIC GMTN Ltd

   6.875% 01 Nov 2041      —           358,457   
 

JPMorgan Chase & Co

   4.25% 15 Oct 2020      —           49,412   
 

JPMorgan Chase & Co

   4.625% 10 May 2021      —           78,801   
 

JPMorgan Chase & Co

   3.7% 20 Jan 2015      —           135,141   
 

JPMorgan Chase & Co

   4.5% 24 Jan 2022      —           273,642   
 

Kia Motors Corporation

   3.625% 14 Jun 2016      —           206,992   
 

Kinder Morgan

   6.0% 15 Jan 2018      —           303,861   
 

Korea Development Bank

   4.0% 09 Sep 2016      —           341,591   
 

Korea National Oil

   3.125% 03 Apr 2017      —           445,399   
 

Lotte Shopping Co

   3.375% 09 May 2017      —           686,192   
 

Merrill Lynch & Co Inc

   6.4% 28 Aug 2017      —           208,706   
 

Methanex Corp

   3.25% 15 Dec 2019      —           124,134   
 

Methanex Corp

   5.25% 01 Mar 2022      —           279,243   
 

Mexichem SAB De CV

   6.75% 19 Sep 2042      —           243,822   
 

Midwest Banc Hldgs Inc Perp Pfd Conv Ser A 7.75%

   Preferred Stock      —           —     
 

ML CFC Coml Mtg

   1.0% 12 Mar 2051      —           102,530   
 

Modern Energy Corp New Pfd Ser B

   Preferred Stock      —           —     
 

Morgan Stanley

   5.375% 15 Oct 2015      —           69,772   
 

Morgan Stanley

   5.5% 26 Jan 2020      —           182,751   
 

Morgan Stanley

   5.55% 27 Apr 2017      —           273,648   
 

Morgan Stanley

   5.5% 24 Jul 2020      —           322,120   
 

Morgan Stanley Cap Tr Vi Cap Secs 6.60%

   Preferred Stock      —           20,160   
 

Mortgage Stanley Capital I

   5.569% 15 Dec 2044      —           686,025   
 

Mortgage Stanley Capital I

   1.0% 12 Apr 2049      —           708,064   
 

Murray St Inv Trust

   4.67% 09 Mar 2017      —           27,041   
 

Myriad Int Holding

   6.375% 28 Jul 2017      —           144,718   
 

Nabors Industries

   6.15% 15 Feb 2018      —           17,417   
 

Nabors Industries

   9.25% 15 Feb 2019      —           399,422   
 

NewField Exploration Co

   5.75% 30 Jan 2022      —           238,934   
 

Nextera Energy Capital

   4.5% 01 Jun 2021      —           334,583   
 

Oi Sa Spon Adr Ea Repr 1 Pfd Shs

   Preferred Stock      —           10,025   
 

Oil States Intl

   5.125% 15 Jan 2023      —           130,118   
 

Olin Corp

   5.5% 15 Aug 2022      —           77,197   
 

Orchard Supply Hardware Stores Corp Pfd Ser A

   Preferred Stock      —           23   
 

OshKosh Corp

   8.5% 01 Mar 2020      —           169,488   
 

Parker Drilling Co

   9.125% 01 Apr 2018      —           94,858   
 

Perkinelmer Inc

   5.0% 15 Nov 2021      —           240,826   
 

Petrobras Intl Fin

   6.75% 27 Jan 2041      —           356,545   

 

41


Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
 

Phillips 66

   4.3% 01 Apr 2022      —           176,522   
 

PKO FIN AB

   4.63% 26 Sep 2022      —           249,400   
 

Plains Exploration

   6.875% 15 Feb 2023      —           355,329   
 

Post Holdings Inc

   7.375% 15 Feb 2022      —           248,802   
 

Qtel International

   7.875% 10 Jun 2019      —           355,686   
 

Reynolds American Inc

   7.25% 15 Jun 2037      —           543,782   
 

Rock Tenn Co

   4.0% 01 Mar 2023      —           135,408   
 

Roman Companies

   5.0% 01 Sep 2017      —           263,239   
 

Royal Bank of Scotland

   5.625% 24 Aug 2020      —           29,024   
 

Royal Bk Scotland Group Plc Spon Adr 7.25%

   Preferred Stock      —           9,947   
 

RPM International Inc

   6.125% 15 Oct 2019      —           262,782   
 

RR Donnelley & Sons

   8.25% 15 Mar 2019      —           74,976   
 

RR Donnelley & Sons

   7.25% 15 May 2018      —           95,278   
 

Santader Drive Auto

   2.7% 15 Aug 2018      —           117,328   
 

Santader Drive Auto

   1.94% 15 Mar 2018      —           143,102   
 

Santader Drive Auto

   1.94% 15 Dec 2016      —           484,791   
 

Sealed Air Corp

   6.5% 01 Dec 2020      —           95,969   
 

Sidewinder Drilling Inc

   9.75% 15 Nov 2019      —           109,150   
 

SK Telecom Co

   2.125% 01 May 2018      —           198,546   
 

SK Telecom Co

   6.625% 20 Jul 2027      —           254,732   
 

SLM Corp

   6.25% 25 Jan 2016      —           955,614   
 

SM Energy Co

   6.5% 01 Jan 2023      —           174,314   
 

Sprint Capital Corp

   6.875% 15 Nov 2028      —           503,144   
 

Telefonica Emisiones

   5.462% 16 Feb 2021      —           10,527   
 

Telefonica Emisiones

   5.134% 27 Apr 2020      —           155,690   
 

Telefonica Emisiones

   3.992% 16 Feb 2016      —           195,191   
 

Telemar Norte Leste SA

   5.5% 23 Oct 2020      —           272,109   
 

Tencent Holdings Ltd

   4.625% 12 Dec 2016      —           350,813   
 

Time Warner Cable Inc

   5.85% 01 May 2017      —           104,972   
 

Time Warner Cable Inc

   6.55% 01 May 2037      —           183,231   
 

Time Warner Cable Inc

   4.125% 15 Feb 2021      —           237,875   
 

Toyota Motor Credit Corp

   1.75% 22 May 2017      —           854,345   
 

Transalta Corp

   4.75% 15 Jan 2015      —           266,786   
 

TransOcean Inc

   6.5% 15 Nov 2020      —           538,101   
 

US Steel Corp

   7.375% 01 Apr 2020      —           142,287   
 

USG Corp

   9.75% 15 Jan 2018      —           178,905   
 

Valeant Pharmaceuticals

   6.375% 15 Oct 2020      —           84,713   
 

Vesey Str Invt Sr Nt

   4.404% 01 Sep 2016      —           26,977   
 

Votorantim Cimentos SA

   7.25% 05 Apr 2041      —           221,162   
 

VPI Escrow Corp

   6.375% 15 Oct 2020      —           338,852   
 

Western Union Co

   2.375% 10 Dec 2015      —           84,312   
 

Whirlpool Corp

   4.7% 01 Jun 2022      —           241,349   
 

Willis North America Inc

   7.0% 29 Sep 2019      —           466,579   
 

Windstream Corp

   8.125% 01 Sep 2018      —           70,113   
 

Windstream Corp

   7.5% 01 Apr 2023      —           187,050   
 

Wolvering World Wide

   6.125% 15 Oct 2020      —           57,018   
 

World Financial Network

   3.14% 17 Jan 2023      —           694,780   
 

World Financial Network

   1.76% 17 May 2021      —           698,767   
          

 

 

 
          Corporate and Other Obligations         —         $ 40,508,932   
          

 

 

 

 

42


Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  

**

 

Synthetic Guaranteed Investment Contracts:

        
 

Cash & Cash Equivalents

        
 

Australian Dollar

   Cash      —           17,348   

*

 

State Street Bank & Trust Co

   Short Term Investment Fund      —           309,674   

*

 

State Street Bank & Trust Co

   Short-Term Investment Fund      —           1,226,546   

*

 

State Street Bank & Trust Co

   Short-Term Investment Fund      —           1,360,889   

*

 

State Street Bank & Trust Co

   Short-Term Investment Fund      —           39,287,377   
          

 

 

 
          —           42,201,834   
          

 

 

 
 

U.S. Government and Government Agency Issues

        
 

Australian Government

   4.75% 15 Jun 2016      —           755,988   
 

Australian Government

   5.25% 15 Mar 2019      —           1,601,170   
 

Australian Government

   6.0% 15 Feb 2017      —           2,624,232   
 

California St

   5.75% 01 Mar 2017      —           458,482   
 

California St

   5.0% 01 Nov 2037      —           536,780   
 

Fannie Mae

   1.0% 25 May 2030      —           613,042   
 

Fannie Mae

   0.875% 20 Dec 2017      —           4,648,492   
 

Fannie Mae

   2.625% 20 Nov 2014      —           6,338,054   
 

Fed HM LN Note

   0.16% 15 Apr 2013      —           12,762,281   
 

Fed HM LN PC Pool 1J1214

   4.0% 01 Mar 2025      —           23,730   
 

Fed HM LN PC Pool 1L1358

   1.0% 01 May 2036      —           992,228   
 

Fed HM LN PC Pool E02697

   4.0% 01 Jun 2025      —           31,910   
 

Fed HM LN PC Pool E02783

   4.0% 01 Sep 2025      —           33,133   
 

Fed HM LN PC Pool E02883

   4.0% 01 Apr 2026      —           399,626   
 

Fed HM LN PC Pool E09016

   3.0% 01 Nov 2027      —           1,468,548   
 

Fed HM LN PC Pool E99842

   4.0% 01 Oct 2013      —           —     
 

Fed HM LN PC Pool G01843

   6.0% 01 Jun 2035      —           787,975   
 

Fed HM LN PC Pool G01890

   4.0% 01 Nov 2013      —           291,205   
 

Fed HM LN PC Pool G03737

   6.5% 01 Nov 2037      —           1,030,600   
 

Fed HM LN PC Pool G08084

   4.0% 01 Apr 2026      —           638,454   
 

Fed HM LN PC Pool G08443

   4.5% 01 Apr 2041      —           702,295   
 

Fed HM LN PC Pool G12743

   5.5% 01 Aug 2022      —           195,050   
 

Fed HM LN PC Pool G14093

   4.5% 01 Oct 2035      —           —     
 

Fed HM LN PC Pool G18385

   1.0% 01 Sep 2035      —           43,119   
 

Fed HM LN PC Pool J11872

   4.0% 01 Mar 2026      —           32,359   
 

Fed HM LN PC Pool J14641

   4.0% 01 Mar 2025      —           708,207   
 

Fed HM LN PC Pool J15157

   4.0% 01 Apr 2026      —           24,434   
 

Fed HM LN PC Pool J17969

   3.0% 01 Feb 2027      —           2,563,279   
 

Fed HM LN PC Pool Q03572

   4.0% 01 Sep 2041      —           3,565,188   
 

Fed HM LN PC Pool Q03681

   4.0% 01 Oct 2041      —           3,861,420   
 

Fed HM LN PC Pool Q03780

   4.0% 01 Oct 2017      —           54,014   
 

Fed HM LN Pool 1Q0669

   1.0% 01 Nov 2037      —           81,676   
 

Fed HM LN Pool 1Q1159

   1.0% 01 May 2038      —           687,439   
 

Fed HM LN Pool A89385

   4.5% 01 Oct 2039      —           3,441,455   
 

Fed HM LN Pool G03205

   5.5% 01 Jul 2035      —           152,887   

 

43


Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
 

Fed HM LN Pool G04731

   5.5% 01 Apr 2038      —           1,402,519   
 

Federal Farm Credit Bank

   1.0% 29 Sep 2014      —           838,595   
 

Federal Farm Credit Bank

   1.0% 26 Jun 2013      —           2,437,812   
 

Federal Farm Credit Bank

   1.0% 26 Apr 2013      —           5,177,027   
 

FHLMC TBA

   4.5% 01 Dec 2099      —           (1,045,791
 

FHLMC TBA

   4.0% 31 Dec 2099      —           (824,084
 

FHLMC TBA

   4.5% 01 Dec 2099      —           —     
 

FICO Strip

   0.01% 27 Dec 2018      —           —     
 

FICO Strip

   0.01% 06 Oct 2015      —           190,757   
 

FICO Strip

   0.01% 07 Mar 2019      —           317,124   
 

FICO Strip

   0.01% 26 Sep 2019      —           372,323   
 

FICO Strip

   0.01% 08 Aug 2015      —           420,335   
 

FICO Strip

   0.01% 26 Sep 2014      —           699,959   
 

FICO Strip

   0.01% 11 May 2013      —           783,030   
 

FICO Strip

   0.01% 03 Feb 2017      —           2,684,988   
 

FICO Strip

   0.01% 30 Nov 2017      —           2,787,204   
 

Financing Corp

   10.7% 06 Oct 2017      —           337,262   
 

Financing Corp

   9.8% 06 Apr 2018      —           494,852   
 

FNMA Pool 254693

   5.5% 01 Apr 2033      —           281,531   
 

FNMA Pool 255364

   6.0% 01 Sep 2034      —           252,681   
 

FNMA Pool 256925

   6.0% 01 Oct 2037      —           688,886   
 

FNMA Pool 555541

   1.0% 01 Apr 2033      —           52,954   
 

FNMA Pool 725027

   5.0% 01 Nov 2033      —           145,186   
 

FNMA Pool 725222

   5.5% 01 Feb 2034      —           357,802   
 

FNMA Pool 725423

   5.5% 01 May 2034      —           265,091   
 

FNMA Pool 725424

   5.5% 01 Apr 2034      —           125,901   
 

FNMA Pool 725690

   6.0% 01 Aug 2034      —           106,013   
 

FNMA Pool 725946

   5.5% 01 Nov 2034      —           332,710   
 

FNMA Pool 735141

   5.5% 01 Jan 2035      —           489,433   
 

FNMA Pool 735224

   5.5% 01 Feb 2035      —           652,193   
 

FNMA Pool 735667

   5.0% 01 Jul 2035      —           2,252,602   
 

FNMA Pool 735676

   5.0% 01 Jul 2035      —           647,162   
 

FNMA Pool 743132

   5.0% 01 Oct 2018      —           653,467   
 

FNMA Pool 745275

   5.0% 01 Feb 2036      —           1,095,011   
 

FNMA Pool 745275

   5.0% 01 Feb 2036      —           2,089,991   
 

FNMA Pool 745327

   6.0% 01 Mar 2036      —           178,308   
 

FNMA Pool 756363

   1.0% 01 Dec 2033      —           146,609   
 

FNMA Pool 770946

   5.0% 01 Apr 2034      —           451,353   
 

FNMA Pool 776971

   5.0% 01 Apr 2034      —           537,601   
 

FNMA Pool 831540

   6.0% 01 Jun 2036      —           634,689   
 

FNMA Pool 837220

   4.5% 01 Aug 2020      —           1,141,861   
 

FNMA Pool 841068

   4.5% 01 Feb 2039      —           345,537   
 

FNMA Pool 844444

   5.0% 01 Dec 2035      —           878,968   
 

FNMA Pool 848647

   5.5% 01 Jan 2036      —           501,589   
 

FNMA Pool 880611

   5.5% 01 Apr 2036      —           469,085   
 

FNMA Pool 888340

   5.0% 01 Aug 2036      —           579,998   
 

FNMA Pool 888521

   1.0% 01 Mar 2034      —           253,073   
 

FNMA Pool 888789

   5.0% 01 Jul 2036      —           180,944   
 

FNMA Pool 889004

   1.0% 01 Aug 2037      —           408,536   

 

44


Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
 

FNMA Pool 889361

   6.0% 01 Mar 2038      —           387,870   
 

FNMA Pool 889369

   6.0% 01 Feb 2038      —           496,114   
 

FNMA Pool 889544

   5.5% 01 May 2038      —           383,543   
 

FNMA Pool 889579

   6.0% 01 May 2038      —           546,280   
 

FNMA Pool 889750

   6.0% 01 May 2038      —           149,821   
 

FNMA Pool 914789

   5.0% 01 Apr 2037      —           1,149,359   
 

FNMA Pool 931745

   5.0% 01 Aug 2024      —           2,474,433   
 

FNMA Pool 932586

   4.5% 01 Mar 2040      —           1,667,490   
 

FNMA Pool 986148

   5.5% 01 Jan 2038      —           1,791,355   
 

FNMA Pool 995018

   5.5% 01 Jun 2038      —           1,134,555   
 

FNMA Pool 995051

   6.0% 01 Mar 2037      —           1,136,401   
 

FNMA Pool AA6450

   4.5% 01 Sep 2040      —           1,492,806   
 

FNMA Pool AB1600

   4.0% 01 Oct 2025      —           612,066   
 

FNMA Pool AB1609

   3.5% 01 Dec 2040      —           132,207   
 

FNMA Pool AB5236

   3.0% 01 May 2027      —           285,137   
 

FNMA Pool AD8529

   4.5% 01 Aug 2040      —           684,726   
 

FNMA Pool AE0061

   6.0% 01 Feb 2040      —           263,346   
 

FNMA Pool AE0349

   6.0% 01 Apr 2040      —           888,454   
 

FNMA Pool AE0368

   3.5% 01 Dec 2025      —           79,629   
 

FNMA Pool AE0392

   5.5% 01 Dec 2039      —           277,341   
 

FNMA Pool AE0480

   6.0% 01 Jul 2039      —           110,955   
 

FNMA Pool AE1016

   3.5% 01 Oct 2025      —           655,537   
 

FNMA Pool AE1332

   4.0% 01 Aug 2025      —           164,588   
 

FNMA Pool AE3771

   3.5% 01 Jan 2026      —           25,575   
 

FNMA Pool AE9449

   3.5% 01 Dec 2025      —           530,701   
 

FNMA Pool AH1105

   3.5% 01 Dec 2025      —           419,514   
 

FNMA Pool AH1882

   3.5% 01 Jan 2027      —           11,883   
 

FNMA Pool AH2815

   3.5% 01 Mar 2026      —           1,905,818   
 

FNMA Pool AH2857

   3.5% 01 Jan 2026      —           215,382   
 

FNMA Pool AH8702

   3.5% 01 May 2026      —           179,593   
 

FNMA Pool AH9523

   4.5% 01 Aug 2041      —           596,080   
 

FNMA Pool AH9706

   3.5% 01 Jan 2026      —           788,486   
 

FNMA Pool AI3654

   4.5% 01 May 2042      —           713,024   
 

FNMA Pool AJ7689

   4.0% 01 Dec 2041      —           5,731,383   
 

FNMA Pool AK2989

   3.0% 01 May 2027      —           1,707,828   
 

FNMA Pool AK9780

   3.5% 01 May 2042      —           405,316   
 

FNMA Pool AL0139

   1.0% 01 Feb 2039      —           793,908   
 

FNMA Pool AL030

   4.5% 01 Jun 2026      —           2,413,878   
 

FNMA Pool AL0920

   5.0% 01 Jul 2037      —           1,427,679   
 

FNMA Pool AO5515

   3.5% 01 Jul 2042      —           465,930   
 

FNMA Pool MA0614

   4.0% 01 Jan 2041      —           990,007   
 

FNMA Pool MA0649

   4.0% 01 Apr 2026      —           181,313   
 

FNMA Pool MA0694

   4.5% 01 Jun 2041      —           211,448   
 

FNMA TBA

   3.5% 01 Dec 2099      —           (3,101,736
 

FNMA TBA

   3.5% 01 Dec 2099      —           —     
 

FNMA TBA

   4.0% 01 Dec 2099      —           —     
 

FNMA TBA

   4.0% 01 Dec 2099      —           —     
 

FNMA TBA

   4.5% 01 Dec 2099      —           2,105,669   
 

FNMA TBA

   3.0% 01 Dec 2099      —           2,458,675   

 

45


Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
 

FNMA TBA Single Fam

   6.0% 01 Dec 2102      —           53,226   
 

FNMA TBA Single Fam

   4.5% 01 Dec 2100      —           1,195,153   
 

FNMA TBA Single Fam

   3.0% 01 Dec 2099      —           3,487,643   
 

FNMA TBA Single Fam

   4.5% 01 Dec 2101      —           3,911,280   
 

FNMA TBA Single Fam

   3.5% 01 Dec 2099      —           4,156,513   
 

Freddie Mac

   1.0% 15 Dec 2029      —           29,369   
 

Freddie Mac

   0.15% 03 Apr 2013      —           194,859   
 

Freddie Mac

   2.375% 13 Jan 2022      —           2,316,437   
 

Freddie Mac

   4.875% 13 Jun 2018      —           4,306,316   
 

Freddie Mac

   0.16% 21 May 2013      —           6,428,822   
 

GNMA TBA

   3.0% 01 Dec 2099      —           2,072,089   
 

Honolulu City & Cnty

   5.0% 01 Nov 2025      —           604,866   
 

Illinois St

   4.95% 01 Jun 2023      —           1,759,819   
 

Illinois St

   3.321% 01 Jan 2013      —           2,144,275   
 

Irvine Ranch CA

   2.605% 15 Mar 2014      —           1,399,607   
 

Japan Treasury Disc Bill

   0.01% 12 Feb 2013      —           3,493,909   
 

Kentucky ST Property

   5.373% 01 Nov 2025      —           341,098   
 

NC State Education

   1.0% 25 Jul 2025      —           1,411,807   
 

New York City Transitional

   4.725% 01 Nov 2023      —           114,285   
 

New York City Transitional

   4.905% 01 Nov 2024      —           116,057   
 

New York City Transitional

   5.075% 01 Nov 2025      —           117,609   
 

Overseas Private Inv Corp

   0.01% 12 Jul 2016      —           3,464,836   
 

Province of Ontario

   4.0% 07 Oct 2019      —           2,142,560   
 

Province of Quebec

   4.6% 26 May 2015      —           1,273,060   
 

Republic of Poland

   6.375% 15 Jul 2019      —           48,606   
 

Republic of Poland

   3.875% 16 Jul 2015      —           450,539   
 

Resolution Funding Strip

   0.01% 15 Jan 2014      —           368,819   
 

Resolution Funding Strip

   0.01% 15 Apr 2015      —           838,366   
 

Resolution Funding Strip

   0.01% 15 Jan 2017      —           947,158   
 

RFSCP Strip Principal

   0.01% 15 Jul 2020      —           3,700,111   
 

Russian Foreign Bond

   1.0% 31 Mar 2030      —           212,295   
 

Small Business Administration

   7.06% 01 Nov 2019      —           62,562   
 

Small Business Administration

   7.19% 01 Dec 2019      —           112,186   
 

Small Business Administration

   5.68% 01 Jun 2028      —           768,552   
 

South Carolina St Public Svc

   1.0% 02 Jun 2014      —           1,464,886   
 

State of Qatar

   4.5% 20 Jan 2022      —           313,162   
 

Tobacco Settlement

   5.875% 15 May 2039      —           299,404   
 

Treasury Bill

   0.19% 22 Aug 2013      —           1,849,795   
 

Treasury Bill

   0.01% 31 Jan 2013      —           3,887,859   
 

Treasury Bill

   0.01% 12 Dec 2013      —           4,282,820   
 

Treasury Bill

   0.19% 14 Nov 2013      —           5,742,240   
 

Treasury INFL IX N/B

   0.625% 15 Jul 2021      —           1,023,398   
 

Treasury INFL IX N/B

   0.125% 15 Apr 2017      —           1,594,472   
 

Treasury INFL IX N/B

   0.125% 15 Jul 2022      —           3,299,309   
 

Treasury INFL IX N/B

   1.125% 15 Jan 2021      —           4,115,864   
 

Treasury INFL IX N/B

   0.125% 15 Jan 2022      —           4,867,870   
 

US Treasury N/B

   6.125% 15 Nov 2027      —           144,799   
 

US Treasury N/B

   7.875% 15 Feb 2021      —           146,688   
 

US Treasury N/B

   1.875% 30 Sep 2017      —           308,757   

 

46


Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
 

US Treasury N/B

   1.0% 31 Mar 2017      —           396,843   
 

US Treasury N/B

   3.825% 15 Feb 2013      —           538,498   
 

US Treasury N/B

   2.375% 31 Jul 2017      —           646,392   
 

US Treasury N/B

   0.875% 30 Apr 2017      —           774,501   
 

US Treasury N/B

   2.75% 15 Feb 2019      —           863,376   
 

US Treasury N/B

   1.375% 15 Jan 2013      —           897,082   
 

US Treasury N/B

   1.25% 31 Jan 2019      —           992,336   
 

US Treasury N/B

   3.125% 15 May 2021      —           1,105,261   
 

US Treasury N/B

   0.50% 31 Jul 2017      —           1,191,632   
 

US Treasury N/B

   0.875% 31 Jan 2017      —           1,209,828   
 

US Treasury N/B

   6.25% 15 Aug 2023      —           1,257,690   
 

US Treasury N/B

   2.75% 15 Nov 2042      —           1,314,648   
 

US Treasury N/B

   1.75% 15 May 2022      —           1,572,996   
 

US Treasury N/B

   0.625% 30 Nov 2017      —           1,612,518   
 

US Treasury N/B

   1.875% 31 Aug 2017      —           1,647,071   
 

US Treasury N/B

   1.75% 15 May 2022      —           1,912,174   
 

US Treasury N/B

   0.25% 15 Oct 2015      —           1,944,924   
 

US Treasury N/B

   0.75% 15 Dec 2013      —           1,959,696   
 

US Treasury N/B

   2.5% 31 Mar 2015      —           1,969,467   
 

US Treasury N/B

   1.0% 30 Sep 2016      —           1,986,499   
 

US Treasury N/B

   2.0% 15 Feb 2022      —           2,318,277   
 

US Treasury N/B

   0.375% 31 Jul 2013      —           2,440,102   
 

US Treasury N/B

   1.875% 30 Jun 2015      —           2,617,155   
 

US Treasury N/B

   0.625% 31 May 2017      —           2,665,007   
 

US Treasury N/B

   1.625% 15 Aug 2022      —           2,716,010   
 

US Treasury N/B

   1.75% 15 Apr 2013      —           3,285,349   
 

US Treasury N/B

   1.375% 31 Dec 2018      —           3,300,091   
 

US Treasury N/B

   2.625% 15 Nov 2020      —           3,423,043   
 

US Treasury N/B

   1.625% 15 Nov 2022      —           3,610,216   
 

US Treasury N/B

   0.625% 31 Aug 2017      —           4,425,722   
 

US Treasury N/B

   0.25% 31 Aug 2014      —           4,557,828   
 

US Treasury N/B

   0.875% 30 Nov 2016      —           5,016,400   
 

US Treasury N/B

   3.625% 15 Feb 2020      —           5,079,235   
 

US Treasury N/B

   1.5% 30 Jun 2016      —           5,253,593   
 

US Treasury N/B

   2.375% 31 Jul 2017      —           6,080,293   
 

US Treasury N/B

   1.625% 15 Aug 2022      —           6,221,165   
 

US Treasury N/B

   1.375% 28 Feb 2019      —           6,392,379   
 

US Treasury N/B

   2.625% 15 Aug 2020      —           6,561,000   
 

US Treasury N/B

   1.875% 30 Apr 2014      —           7,171,412   
 

US Treasury N/B

   1.75% 31 May 2016      —           8,425,187   
 

US Treasury N/B

   2.0% 15 Nov 2021      —           8,497,454   
 

US Treasury N/B

   2.5% 30 Apr 2015      —           9,444,214   
 

US Treasury N/B

   0.625% 31 Jan 2013      —           9,467,751   
 

US Treasury N/B

   1.125% 15 Aug 2021      —           10,758,534   
 

US Treasury N/B

   1.0% 31 Aug 2016      —           17,560,653   
 

US Treasury N/B

   0.125% 31 Jul 2014      —           20,044,480   
 

US Treasury N/B

   2.125% 31 May 2015      —           37,041,719   
          

 

 

 
          —           442,114,509   
          

 

 

 

 

47


Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
 

Corporate and Other Obligations

        
 

ACE Ina Hldg Inc

   5.6% 15 May 2015      —           200,153   
 

Actavis Inc

   3.25% 01 Oct 2022      —           181,088   
 

Actavis Inc

   3.25% 01 Oct 2022      —           402,971   
 

ADT Corp

   3.5% 15 Jul 2022      —           77,732   
 

Agilent Technologies Inc

   6.5% 01 Nov 2017      —           595,002   
 

Alcoa Inc

   6.15% 15 Aug 2020      —           383,213   
 

Allied World Assurance

   7.5% 01 Aug 2016      —           190,013   
 

Allstate Corp

   5.0% 15 Aug 2014      —           469,078   
 

Ally Auto Receivables Trust

   0.45% 15 Jul 2015      —           297,244   
 

Ally Auto Receivables Trust

   0.8% 16 Jun 2014      —           300,781   
 

Ally Master Trust

   1.54% 15 Sep 2019      —           1,227,568   
 

Altria Group

   2.85% 09 Aug 2022      —           945,175   
 

Amazon.com

   0.65% 27 Nov 2015      —           1,456,254   
 

America Movil SAB

   3.625% 30 Mar 2015      —           738,916   
 

American Express

   0.59% 15 May 2018      —           579,972   
 

American Express

   0.68% 15 Mar 2018      —           1,051,119   
 

American International Group

   3.8% 22 Mar 2017      —           221,533   
 

American International Group

   4.875% 01 Jun 2022      —           333,811   
 

American Intl Group

   3.65% 15 Jan 2014      —           447,769   
 

American Intl Group

   4.875% 15 Sep 2016      —           572,329   
 

American Tower Corp

   5.05% 01 Sep 2020      —           420,822   
 

Americredit Auto Receivables

   1.39% 08 Sep 2015      —           341,021   
 

Americredit Auto Receivables

   1.55% 08 Jul 2016      —           902,942   
 

Americredit Automobile

   0.76% 08 Oct 2015      —           421,410   
 

Americredit Automobile Receivables

   1.19% 08 Aug 2015      —           122,778   
 

Americredit Automobile Receivables

   0.92% 09 Mar 2015      —           141,356   
 

Americredit Automobile Receivables

   0.96% 09 Jan 2017      —           583,443   
 

Americredit Automobile Receivables

   0.49% 08 Apr 2016      —           594,828   
 

Anadarko Petroleum Corp

   5.95% 15 Sep 2016      —           557,621   
 

Anglogold Holdings Plc

   5.375% 15 Apr 2020      —           311,835   
 

Aon Corp

   3.5% 30 Sep 2015      —           497,866   
 

Apache Corp

   2.625% 15 Jan 2023      —           963,114   
 

ArcelorMittal

   10.35% 01 Jun 2019      —           561,116   
 

Asciano Finance

   3.125% 23 Sep 2015      —           484,185   
 

AT&T Inc

   5.8% 15 Feb 2019      —           490,341   
 

AT&T Inc

   1.4% 01 Dec 2017      —           638,529   
 

AT&T Inc

   5.8% 15 Feb 2019      —           1,758,052   
 

Autozone Inc

   3.7% 15 Apr 2022      —           379,129   
 

Baidu Inc

   2.25% 28 Nov 2017      —           199,085   
 

Banc of America Funding Corp

   1.0% 25 May 2035      —           178,508   

*

 

Bank of America Corp

   6.1% 15 Jun 2017      —           359,381   

*

 

Bank of America Corp

   5.75% 01 Dec 2017      —           1,249,678   

*

 

Bank of America Corp

   1.0% 30 Jan 2014      —           1,867,339   

*

 

Bank of America Corp

   5.7% 24 Jan 2022      —           41,023   

*

 

Bank of America Corp

   3.875% 22 Mar 2017      —           126,846   

*

 

Bank of America Corp

   5.65% 01 May 2018      —           153,086   

*

 

Bank of America Corp

   5.625% 01 Jul 2020      —           202,229   

 

48


Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  

*

 

Bank of America Corp

   7.625% 01 Jun 2019      —           212,017   

*

 

Bank of America Corp

   5.42% 15 Mar 2017      —           320,285   

*

 

Bank of America Corp

   1.03% 15 Dec 2016      —           388,960   

*

 

Bank of America Corp

   3.75% 12 Jul 2016      —           463,624   

*

 

Bank of America Corp

   5.65% 01 May 2018      —           782,442   

*

 

Bank of America Corp

   5.49% 15 Mar 2019      —           974,413   

*

 

Bank of America Corp

   5.625% 01 Jul 2020      —           976,478   

*

 

Bank of America Corp

   5.7% 24 Jan 2022      —           1,002,136   
 

Bank of Montreal

   1.4% 11 Sep 2017      —           660,404   
 

Barclays Bank

   5.125% 08 Jan 2020      —           416,282   
 

Barclays Bank Plc

   2.375% 13 Jan 2014      —           1,684,909   

*

 

Baxter International Inc

   1.85% 15 Jan 2017      —           220,961   
 

Bear Stearns Coml Mth Secs

   1.0% 11 Sep 2038      —           154,220   
 

Bear Stearns Coml Mth Secs

   5.533% 12 Oct 2041      —           170,685   
 

Bear Stearns Coml Mth Secs

   1.0% 12 Jan 2045      —           834,450   
 

Bear Stearns Commercial Mortgage

   1.0% 11 Sep 2038      —           284,508   
 

Bear Stearns Commercial Mtg

   1.0% 11 Jun 2040      —           1,171,853   
 

Bear Stearns Cos

   5.3% 30 Oct 2015      —           864,098   
 

Bear Stearns Cos

   7.25% 01 Feb 2018      —           922,085   
 

Bear Stearns Cos

   6.4% 02 Oct 2017      —           1,170,577   
 

Bear Stearns Cos

   5.55% 22 Jan 2017      —           368,213   
 

Bears Sterns Adjustable Rate

   1.0% 25 Aug 2033      —           112,313   
 

Berkshire Hathaway

   1.6% 15 May 2017      —           670,586   
 

Berkshire Hathaway Fin Corp

   5.4% 15 May 2018      —           679,996   
 

Boeing Co

   5.125% 15 Feb 2013      —           445,924   
 

Boston PPTYS Ltd

   3.7% 15 Nov 2018      —           280,575   
 

BP Capital Markets

   1.375% 06 Nov 2017      —           853,589   
 

BP Capital Markets

   1.846% 05 May 2017      —           946,561   
 

BP Capital Marlkets

   4.5% 01 Oct 2020      —           786,289   
 

BP Capital Marlkets

   3.125% 01 Oct 2015      —           1,034,659   
 

British Telecom

   5.95% 15 Jan 2018      —           142,103   
 

British Telecom

   2.0% 22 Jun 2015      —           380,752   
 

Bunge Limited

   5.875% 15 May 2013      —           114,075   
 

Bunge Limited

   8.5% 15 Jun 2019      —           314,780   
 

Burlignton North Santa Fe

   5.75% 15 Mar 2018      —           318,374   
 

Cameron Intl Corp

   1.0% 02 Jun 2014      —           946,949   
 

Canadian Natl Railway

   1.45% 15 Dec 2016      —           941,953   
 

Capital One Bank

   8.8% 15 Jul 2019      —           673,097   
 

Capital One Financial

   5.25% 21 Feb 2017      —           422,220   
 

Capital One Financial

   7.375% 23 May 2014      —           620,260   
 

Capital One Financial

   2.125% 15 Jul 2014      —           962,430   
 

Capital One Multi Asset

   1.0% 15 Mar 2017      —           561,212   
 

Carmax Auto Owner Trust

   0.89% 15 Sep 2016      —           485,732   
 

Carmax Auto owner Trust

   1.410% 16 Feb 2016      —           928,095   
 

Carmax Auto Trust

   0.84 % 15 Mar 2017      —           1,584,797   
 

Caterpillar

   1.25% 06 Nov 2017      —           560,014   
 

CBS Corp

   8.875% 15 May 2019      —           223,481   
 

CBS Corp

   5.75% 15 Apr 2020      —           297,693   
 

CD Commercial Mortgage Trust

   5.322% 11 Dec 2049      —           1,565,276   

 

49


Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
 

Cellco Part/Veri Wireless

   8.5% 15 Nov 2018      —           455,890   
 

Centerpoint Energy

   4.5% 15 Jan 2021      —           110,844   
 

Chase Issuance Trust

   0.54% 16 Oct 2017      —           481,859   
 

CIT Equipment Trust

   1.1% 22 Aug 2016      —           264,316   
 

Citigroup Commercial Mtg

   1.0% 10 Dec 2049      —           459,327   
 

Citigroup Inc

   6.5% 19 Aug 2013      —           196,636   
 

Citigroup Inc

   5.5% 11 Apr 2013      —           196,942   
 

Citigroup Inc

   5.375% 09 Aug 2020      —           454,845   
 

Citigroup Inc

   5.375% 09 Aug 2020      —           493,897   
 

Citigroup Inc

   6.125% 21 Nov 2017      —           580,005   
 

Citigroup Inc

   4.5% 14 Jan 2022      —           802,533   
 

Citigroup Inc

   6.01% 15 Jan 2015      —           910,607   
 

Citigroup Inc

   4.5% 14 Jan 2022      —           2,028,083   
 

Citigroup Mortgage Loan Trust

   1.0% 25 Jan 2033      —           63,591   
 

Citigroup/Deutsche Bank Comm

   5.431% 15 Oct 2049      —           257,239   
 

Cleveland Elec Illum Co

   5.7% 01 Apr 2017      —           440,366   
 

Clorox Company

   5.95% 15 Oct 2017      —           550,727   
 

CNH 2010 A

   2.49% 15 Jan 2016      —           926,619   
 

CNH 2010 B

   1.74% 17 Jan 2017      —           1,029,040   
 

CNH Equipment Trust

   0.94% 15 May 2017      —           377,469   
 

Cobalt CMBS

   1.0% 15 Apr 2047      —           1,920,860   
 

Coca Cola Co

   3.3% 01 Sep 2021      —           1,504,255   
 

Comcast Corp

   4.95% 15 Jun 2016      —           181,281   
 

Comcast Corp

   6.5% 15 Jan 2017      —           205,712   
 

Comcast Corp

   6.3% 15 Nov 2017      —           561,975   
 

Comcast Corp

   5.15% 01 Mar 2020      —           577,621   
 

Comm Mortgage Trust

   3.147% 15 Aug 2045      —           251,994   
 

Cons Edison Co

   5.3% 01 Dec 2016      —           897,772   
 

Constellation Energy

   5.15% 01 Dec 2020      —           96,932   
 

Consumers Energy Co

   6.125% 15 Mar 2019      —           335,282   
 

Countrywide Asset Backed

   1.0% 25 Feb 2035      —           204,102   
 

Countrywide Finl Corp

   6.25% 15 May 2016      —           78,103   
 

Coventry Health Care Inc

   6.125% 15 Jan 2015      —           31,944   
 

Coventry Health Care Inc

   5.95% 15 Mar 2017      —           96,306   
 

Coventry Health Care Inc

   6.3% 15 Aug 2014      —           273,739   
 

Cox Communications

   5.45% 15 Dec 2014      —           331,644   
 

Credit Based Asset Servicing

   1.0% 25 Jan 2033      —           143,331   
 

Credit Suisse Mortgage

   1.0% 15 Jun 2038      —           641,732   
 

Credit Suisse Mortgage

   5.467 15 Sep 2039      —           840,986   
 

Credit Suisse Mortrgage Capital

   5.467% 15 Sep 2039      —           1,504,923   
 

CS First Boston Mortgage

   1.0% 15 Jan 2037      —           304,720   
 

CS First Boston Mortgage

   1.0% 15 Feb 2038      —           314,953   
 

CVS Caremark Corp

   2.75% 01 Dec 2022      —           679,917   
 

DelHaize Group

   4.125% 10 Apr 2019      —           724,393   
 

Delta Airlines

   7.75% 17 Jun 2021      —           650,494   
 

Diageo Capital Plc

   7.375% 15 Jan 2014      —           323,153   
 

Directv Holdings

   4.75% 01 Oct 2014      —           150,898   
 

Directv Holdings

   3.8% 15 Mar 2022      —           241,326   
 

Directv Holdings

   4.6% 15 Feb 2021      —           263,780   

 

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Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
 

Discover Bank

   7.0% 15 Apr 2020      —           484,098   
 

Discover Card Master Trust

   1.0% 15 Sep 2015      —           150,263   
 

Discover Card Master Trust

   0.86% 15 Nov 2017      —           265,848   
 

Discover Card Master Trust

   0.81% 15 Aug 2017      —           304,427   
 

DNB Bank ASA

   3.2% 03 Apr 2017      —           513,851   
 

Dominion Resources

   1.95% 15 Aug 2016      —           941,551   
 

Dow Chemical Co

   8.55% 15 May 2019      —           314,495   
 

Dow Chemical Co

   4.125% 15 Nov 2021      —           341,688   
 

Dow Chemical Co

   2.5% 15 Feb 2016      —           460,697   
 

Dow Chemical Co

   4.125% 15 Nov 2021      —           469,821   
 

DryRock Issuane Trust

   0.64% 15 Aug 2018      —           574,714   
 

Duke Energy Carolinas

   5.1% 15 Apr 2018      —           582,522   
 

Duke Realty LP

   8.25% 15 Aug 2019      —           186,932   
 

Embarq Corp

   7.995% 01 Jun 2036      —           683,605   
 

Encana Corp

   3.9% 15 Nov 2021      —           576,954   
 

ENEL Finance Intl

   6.25% 15 Sep 2017      —           1,376,087   
 

Energy Transfer Partners

   6.7% 01 Jul 2018      —           577,799   
 

Energy Transfer Partners

   6.0% 01 Jul 2013      —           673,496   
 

Ensco Plc

   3.25% 15 Mar 2016      —           909,512   
 

Enterprise Products

   5.2% 01 Sep 2020      —           296,662   
 

Enterprise Products

   6.5% 31 Jan 2019      —           531,336   
 

Enterprise Products

   1.25% 13 Aug 2015      —           965,946   
 

EQT Corp

   8.125% 01 Jun 2019      —           168,906   
 

ERAC USA Finance

   2.25% 10 Jan 2014      —           1,673,822   
 

ERAC USA Finance

   2.25% 10 Jan 2014      —           940,294   
 

Ericsson LM

   4.125% 15 May 2022      —           506,485   
 

ERP Operating LP

   5.25% 15 Sep 2014      —           434,507   
 

Exelon Generation Co

   4.0% 01 Oct 2020      —           906,771   
 

Express Scripts

   6.25% 15 Jun 2014      —           99,712   
 

Express Scripts

   3.125% 15 May 2016      —           945,380   
 

Federal Realty Invs Trust

   5.4% 01 Dec 2013      —           654,458   
 

Federal Rlty Invt Tr

   5.65% 01 Jun 2016      —           307,011   
 

FHLMC Multifamily Structured

   1.655% 25 Nov 2016      —           929,141   
 

FHLMC Multifamily Structured

   2.086% 25 Mar 2019      —           946,712   
 

FHLMC Multifamily Structured

   2.746% 25 Dec 2019      —           951,362   
 

FHLMC Multifamily Structured

   2.412% 25 Aug 2018      —           1,237,374   
 

FHLMC Multifamily Structured

   3.154% 25 Feb 2018      —           1,481,984   
 

FHLMC Multifamily Structured

   2.130% 25 Jan 2019      —           2,666,062   
 

FHLMC Multifamily Structured

   1.883% 25 May 2019      —           3,295,630   
 

FHLMC Multifamily Structured

   3.23% 25 Jul 2021      —           3,973,635   
 

Fifth Third Bancorp

   3.5% 15 Mar 2022      —           193,069   
 

FirstEnergy Solutions

   6.050% 15 Aug 2021      —           507,565   
 

For Motor Credit Co

   5.0% 15 May 2018      —           828,125   
 

Ford Credit Auto

   1.0% 15 Jan 2016      —           977,956   
 

Ford Credit Auto

   4.2% 15 Feb 2017      —           1,360,403   
 

Ford Credit Auto Lease Trust

   0.74% 15 Sep 2013      —           92,969   
 

Ford Credit Auto Lease Trust

   0.68% 15 Jan 2014      —           164,646   
 

Ford Credit Auto Lease Trust

   1.0% 15 Sep 2017      —           319,993   
 

Ford Credit Auto Lease Trust

   0.54% 15 Nov 2014      —           531,561   

 

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Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
  Ford Motor Credit Co    8.125% 15 Jan 2020      —           986,647   
  Ford Motor Credit Co    5.875% 02 Aug 2021      —           1,021,537   
  Gazprom    6.212% 22 Nov 2016      —           334,039   
  GCCGC Commerical Mortgage    5.444% 10 Mar 2039      —           1,010,294   
  GDF Suez    1.625% 10 Oct 2017      —           173,450   
  GE Capital    1.76% 15 Sep 2022      —           460,000   
  GE Capital    1.36% 17 Aug 2020      —           536,539   
  GE Equipment Midticket LLC    1.0% 24 Aug 2015      —           199,319   
  General Electric Cap Corp    4.65% 17 Oct 2021      —           216,866   
  General Electric Cap Corp    4.375% 16 Sep 2020      —           484,061   
  General Electric Cap Corp    2.3% 27 Apr 2017      —           692,273   
  General Electric Cap Corp    4.65% 17 Oct 2021      —           995,360   
  General Electric Cap Corp    5.5% 08 Jan 2020      —           1,124,885   
  General Electric Cap Corp    5.625% 01 May 2018      —           1,244,263   
  General Electric Cap Corp    1.76% 15 Sep 2022      —           1,414,255   
  General Mills Inc    5.25% 15 Aug 2013      —           170,521   
  Glaxosmithkline    1.5% 08 May 2017      —           909,734   
  Goldman Sachs    6.15% 01 Apr 2018      —           847,309   
  Goldman Sachs Group    6.75% 01 Oct 2037      —           220,924   
  Goldman Sachs Group    6.0% 15 Jun 2020      —           359,016   
  Goldman Sachs Group    5.75% 24 Jan 2022      —           374,487   
  Goldman Sachs Group    7.5% 15 Feb 2019      —           490,554   
  Goldman Sachs Group    6.25% 01 Sep 2017      —           1,034,764   
  Goldman Sachs Group Inc    5.75% 24 Jan 2022      —           535,804   
  Goldman Sachs Group Inc    5.25% 27 Jul 2021      —           822,215   
  Greenwich Capital Commercial    5.444% 10 Mar 2039      —           1,268,480   
  GS Mortgage Securities Corp    1.0% 06 Mar 2020      —           156,430   
  GS Mortgage Securities Corp    1.0% 10 Aug 2038      —           375,919   
  GS Mortgage Securities Corp    2.773% 10 Nov 2045      —           688,749   
  GS Mortgage Securities Corp    4.751% 10 Jul 2039      —           788,422   
  Guardian Life Insurance    7.375% 30 Sep 2039      —           195,151   
  Hanover Ins Group    7.625% 15 Oct 2025      —           163,250   
  Harley Davidson Motorcycle    0.68% 15 Apr 2017      —           366,637   
  Hartford Finl Svcs    4.0% 30 Mar 2015      —           82,394   
  Hartford Finl Svcs    5.125% 15 Apr 2022      —           224,925   
  Hartford Finl Svcs    5.5% 30 Mar 2020      —           270,654   
  HCP Inc    5.375% 01 Feb 2021      —           569,385   
  Health Care Inc    2.25% 15 Mar 2018      —           594,048   
  Healthcare Realty Trust    5.125% 01 Apr 2014      —           180,521   
  Healthcare Realty Trust    5.25% 15 Jan 2022      —           553,524   
  Healthcare Reit    2.25% 15 Mar 2018      —           370,063   
  Healthcare Rlty Tr    5.125% 01 Apr 2014      —           331,465   
  Hess Corp    7.0% 15 Feb 2014      —           203,241   
  Hewlett Packard Co    4.65% 09 Dec 2021      —           214,283   
  Hewlett Packard Co    4.3% 01 Jun 2021      —           255,835   
  Hewlett Packard Co    1.0% 30 May 2014      —           878,875   
  Hewlett Packard Co    1.0% 24 May 2013      —           1,749,328   
  Honda Auto Receivables    0.7% 16 Feb 2016      —           499,791   
  Honda Auto Receivables    0.56% 15 May 2016      —           863,558   

 

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Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
  HSBC    5.1% 05 Apr 2021      —           264,723   
  HSBC    4.0% 30 Mar 2022      —           549,574   
  HSBC    2.375% 13 Feb 2015      —           902,314   
  HSBC Holdings    4.0% 30 Mar 2022      —           725,651   
  Humana Inc    7.2% 15 Jun 2018      —           522,822   
  Huntington Auto Trust    1.01% 15 Jan 2016      —           297,911   
  Huntington Auto Trust    1.18% 15 Jun 2017      —           1,137,758   
  Hutch Whampoa    2.0% 08 Nov 2017      —           706,109   
  Hyundai Auto Receivables    1.65% 15 Feb 2017      —           730,662   
  Hyundai Capital Services    4.375% 27 Jul 2016      —           524,088   
  ING Bank NV    2.0% 25 Sep 2015      —           500,760   
  Intel Corp    1.35% 15 Dec 2017      —           969,517   
  INTL BK Recon & Develop    9.25% 15 Jul 2017      —           165,579   
  Intl Paper Co    7.95% 15 Jun 2018      —           264,617   
  Intl Paper Co    4.75% 15 Feb 2022      —           330,862   
  JPMorgan Chase Coml Mtg    4.302% 15 Jan 2038      —           22,772   
  JPMorgan Chase Coml Mtg    1.0% 12 Dec 2044      —           113,428   
  JPMorgan Chase Coml Mtg    5.198% 15 Dec 2044      —           210,194   
  JPMorgan Chase Comm Mtg    2.749% 15 Nov 2043      —           406,437   
  JPMorgan Chase Comm Mtg    2.84% 15 Dec 2047      —           894,162   
  JPMorgan Chase & Co    4.35% 15 Aug 2021      —           168,936   
  JPMorgan Chase & Co    4.5% 24 Jan 2022      —           242,568   
  JPMorgan Chase & Co    4.4% 22 Jul 2020      —           313,572   
  JPMorgan Chase & Co    4.75% 01 May 2013      —           351,002   
  JPMorgan Chase & Co    6.0% 15 Jan 2018      —           466,745   
  JPMorgan Chase & Co    3.45% 01 Mar 2016      —           517,555   
  JPMorgan Chase & Co    4.5% 24 Jan 2022      —           964,760   
  JPMorgan Chase & Co    6.0% 15 Jan 2018      —           1,038,508   
  JPMorgan Chase & Co    3.7% 20 Jan 2015      —           1,334,077   
  JPMorgan Chase & Co    5.125% 15 Sep 2014      —           1,352,769   
  JPMorgan Chase Bank    6.0% 01 Oct 2017      —           461,542   
  JPMorgan Chase Commercial Mortgage    5.42% 15 Jan 2049      —           1,533,141   
  JPMorgan Chase Commercial Mortgage    1.0% 12 Dec 2044      —           257,426   
  JPMorgan Chase Commercial Mortgage    5.552% 12 May 2045      —           587,814   
  JPMorgan Chase Commercial Mortgage    1.0% 12 Jun 2043      —           772,979   
  Kazmunaygas National    7.0% 05 May 2020      —           248,760   
  Kinder Morgan Energy    4.15% 01 Mar 2022      —           206,983   
  Kinder Morgan Energy    3.95% 01 Sep 2022      —           390,815   
  Kinder Morgan Energy    6.85% 15 Feb 2020      —           761,374   
  Kohls Corporation    3.25% 01 Feb 2023      —           196,844   
  Korea Finance Corp    2.25% 07 Aug 2017      —           888,090   
  Korea National Oil Corp    3.125% 3 Apr 2017      —           506,152   
  Kroger Co    3.4% 15 Apr 2022      —           364,885   
  Lab Corp    2.2% 23 Aug 2017      —           54,024   
  LB UBS Commercial Mortgage    1.0% 15 Jun 2029      —           191,598   
  LB UBS Commercial Mortgage    5.3% 15 Nov 2038      —           340,497   
  LB UBS Commercial Mortgage    1.0% 15 Jun 2038      —           793,443   
  Liberty PPTY Ltd    6.625% 01 Oct 2017      —           46,527   
  Liberty PPTY Ltd    5.5% 15 Dec 2016      —           77,486   

 

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Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
  Lincoln National Corp    4.3% 15 Jun 2015      —           146,788   
  Lincoln National Corp    8.75% 01 Jul 2019      —           132,949   
  LSI Open Position    0.01% 31 Dec 2060      —           13,863   
  MacQuarie Bank    5.0% 22 Feb 2017      —           99,138   
  MacQuarie Group Ltd    4.875% 10 Aug 2017      —           202,054   
  Macys Retail Holdings    3.875% 15 Jan 2022      —           503,852   
  Manufacturers & Traders Tr    1.0% 28 Dec 2020      —           247,119   
  Marathon Petroleum Corp    3.5% 01 Mar 2016      —           62,253   
  Marathon Petroleum Corp    5.125% 01 Mar 2021      —           359,021   
  Marriott International    3.0% 01 Mar 2019      —           444,389   
  McKesson Corp    0.95% 04 Dec 2015      —           200,089   
  McKesson Corp    6.5% 15 Feb 2014      —           248,981   
  McKesson Corp    3.25% 01 Mar 2016      —           1,081,319   
  Merill Lynch Mortgage    1.0% 25 Aug 2036      —           62,039   
  Merill Lynch Mortgage    4.96 12 Jul 2038      —           366,337   
  Merill Lynch/Countrywide Mortgage    1.0% 12 Jun 2046      —           426,652   
  Merill Lynch/Countrywide Mortgage    5.7% 12 Sep 2049      —           845,825   
  Merill Lynch/Countrywide Mortgage    1.0% 12 Jul 2046      —           860,234   
  Merrill Lynch & Co    6.875% 25 Apr 2018      —           176,238   
  Merrill Lynch & Co    6.05% 16 May 2016      —           434,554   
  Merrill Lynch & Co    6.4% 28 Aug 2017      —           1,251,290   
  Merrill Lynch & Co    6.875% 25 Apr 2018      —           1,409,904   
  Merrill Lynch/Countrywide Comm    1.0% 12 Mar 2051      —           1,265,186   
  Merrill Lynch/Countrywide Comm    1.0% 12 Feb 2039      —           1,922,498   
  Methanex Corp    3.25% 15 Dec 2019      —           235,281   
  Metlife Inc    7.171% 15 Feb 2019      —           150,781   
  Metlife Inc    6.75% 01 Jun 2016      —           352,076   
  Metlife Inc    6.817% 15 Aug 2018      —           454,309   
  Microsoft Corp    0.875% 15 Nov 2017      —           193,908   
  Mid State Trust    8.33% 01 Apr 2030      —           254,291   
  Mondelez International    6.5% 11 Aug 2017      —           297,611   
  Mondelez International    6.125% 01 Feb 2018      —           1,013,988   
  Morgan Stanley    6.25% 28 Aug 2017      —           111,556   
  Morgan Stanley    5.55% 27 Apr 2017      —           221,514   
  Morgan Stanley    5.5% 28 Jul 2021      —           345,264   
  Morgan Stanley    5.625% 23 Sep 2019      —           352,746   
  Morgan Stanley    5.5% 24 Jul 2020      —           548,257   
  Morgan Stanley    1.0% 29 Apr 2013      —           683,817   
  Morgan Stanley    3.45% 02 Nov 2015      —           685,475   
  Morgan Stanley    5.95% 28 Dec 2017      —           767,086   
  Morgan Stanley    1.0% 15 Oct 2015      —           1,322,192   
  Morgan Stanley    6.625% 01 Apr 2018      —           1,464,621   
  Morgan Stanley    6.625% 01 Apr 2018      —           1,493,339   
  Morgan Stanley    5.5% 28 Jul 2021      —           531,175   
  Morgan Stanley Capital I    1.0% 12 Aug 2041      —           169,858   
  Morgan Stanley Capital I    1.0% 11 Jun 2042      —           611,718   
  Morgan Stanley Capital I    4.989% 13 Aug 2042      —           1,118,088   
  Morgan Stanley Capital I    4.89% 12 Jun 2047      —           1,326,674   
  Morgan Stanley Capital I    5.325% 15 Dec 2043      —           193,944   

 

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Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
  Motel 6 Trust    1.948% 05 Oct 2025      —           500,796   
  Murphy Oil Corp    2.5% 01 Dec 2017      —           465,824   
  Nabors Industries    9.25% 15 Jan 2019      —           940,650   
  Nabors Industries Inc    9.25% 15 Jan 2019      —           385,280   
  National Grid Plc    6.3% 01 Aug 2016      —           565,448   
  NBC Universal Media    5.15% 30 Apr 2020      —           467,948   
  NBC Universal Media    4.375% 01 Apr 2021      —           547,444   
  NCUA Guaranteed Notes    2.9% 29 Oct 2020      —           737,666   
  NCUA Guaranteed Notes    1.0% 07 Oct 2020      —           927,578   
  NCUA Guaranteed Notes    1.0% 08 Dec 2020      —           3,044,881   
  Nevada PWR Co    6.5% 01 Aug 2018      —           306,155   
  News America Inc    9.25% 01 Feb 2013      —           230,461   
  News America Inc    4.5% 15 Feb 2021      —           428,700   
  Nextera Energy    1.611% 01 Jun 2014      —           527,068   
  Niagara Mohawk Power    3.553% 01 Oct 2014      —           382,237   
  NiSource Finance Corp    5.25% 15 Sep 2017      —           390,194   
  NiSource Finance Corp    6.8% 15 Jan 2019      —           442,526   
  Nissan Auto Lease Trust    0.45% 15 Jun 2015      —           249,501   
  Nissan Auto Lease Trust    0.68% 15 Jul 2014      —           400,886   
  Noble Energy    8.25% 01 Mar 2019      —           443,268   
  Noble Holding Intl    4.9% 01 Aug 2020      —           40,561   
  Nordea Bank AB    1.0% 14 Jan 2014      —           785,381   
  Nordea Bank AB    4.875% 14 Jan 2021      —           1,356,870   
  Norfolk Southern Corp    5.75% 01 Apr 2018      —           226,982   
  Occidental Petroleum    1.75% 15 Feb 2017      —           964,481   
  Omnicom Group    3.625% 01 May 2022      —           169,561   
  Oneok Inc    4.25% 01 Feb 2022      —           513,638   
  Oracle    1.2% 15 Oct 2017      —           1,456,569   
  Orange & Rockland Utility    2.5% 15 Aug 2015      —           1,705,712   
  Orix Corp    4.71% 27 Apr 2015      —           306,729   
  Owens Corning Inc    6.5% 01 Dec 2016      —           228,897   
  Penarth Master    1.0% 18 Dec 2014      —           542,057   
  Pernod Richard SA    4.25% 15 Jul 2022      —           487,361   
  Petrobras Intl    5.75% 20 Jan 2020      —           399,428   
  Petronas Capital Ltd    5.25% 12 Aug 2019      —           456,943   
  Phillips 66    4.3% 01 Apr 2022      —           539,112   
  Phillips 66    4.3% 01 Apr 2022      —           1,198,027   
  PNC Bank    6.875% 01 Apr 2018      —           517,423   
  PNC Financial Services    1.0% 09 Nov 2022      —           245,086   
  Precision Castparts Corp    1.25% 15 Jan 2018      —           698,040   
  Prudential Financial    4.5% 16 Nov 2021      —           986,541   
  Prudential Financial    5.375% 21 Jun 2020      —           1,361,605   
  Prudential Financial    4.5% 15 Nov 2020      —           309,071   
  Questar Corp    2.75% 01 Feb 2016      —           562,495   
  Rabobank    3.95% 09 Nov 2022      —           543,962   
  Rabobank    4.5% 11 Jan 2021      —           1,095,512   
  Rabobank    3.95% 09 Nov 2022      —           253,516   
  Raytheon Co    3.125% 15 Oct 2020      —           990,289   
  Regency Centers LP    5.25% 01 Aug 2015      —           64,833   

 

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Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
  Regency Centers LP    5.875% 15 Jun 2017      —           163,448   
  Renaissance Home Equity    1.0% 25 Nov 2034      —           206,461   
  Republic Services Inc    3.8% 15 May 2018      —           13,930   
  Republic Services Inc    5.0% 01 Mar 2020      —           402,391   
  Residential Asset Securities    1.0% 25 May 2033      —           8,354   
  Reynolds American Inc    3.25% 01 Nov 2022      —           227,140   
  Rio Tinto    1.625% 21 Aug 2017      —           320,723   
  Rio Tinto    3.5% 02 Nov 2020      —           490,754   
  Rowan Companies Inc    5.0% 01 Sep 2017      —           384,380   
  Royal Bank Scotland    2.55% 18 Sep 2015      —           558,593   
  Royal BK Scotland Plc    5.0% 01 Oct 2014      —           360,534   
  Royal BK Scotland Plc    6.125% 11 Jan 2021      —           459,254   
  Santander    3.724% 20 Jan 2015      —           1,444,166   
  Santander Drive Auto Receivable    0.47% 15 Sep 2015      —           219,318   
  Santander Holdings    4.625% 19 Apr 2016      —           132,471   
  Santander Holdings    0.62% 15 Jul 2016      —           404,540   
  Saxon Assets    1.0% 25 Aug 2032      —           219   
  SCSLC 2010    1.0% 25 Jul 2025      —           2,207,313   
  Sempra Energy    6.5% 01 Jun 2016      —           337,084   
  Shell International    1.125% 21 Aug 2017      —           489,622   
  SLH Open Position    0.01% 31 Dec 2060      —           3,960   
  SLM Corp    5.0% 01 Oct 2013      —           99,782   
  SLM Corp    5.375% 15 Jan 2013      —           146,200   
  SLM Corp    7.25% 25 Jan 2022      —           322,372   
  SLM Corp    8.45% 15 Jun 2018      —           456,146   
  SLM Student Trust    1.0% 25 Sep 2019      —           1,306,876   
  Smart Trust    1.22% 14 Nov 2013      —           80,921   
  Smart Trust    0.67% 14 Jun 2015      —           331,406   
  Smart Trust    1.25% 14 Aug 2018      —           1,064,997   
  Snap On Inc    4.25% 15 Jan 2018      —           349,049   
  Societe Generale    2.5% 15 Jan 2014      —           236,293   
  Southern CA Edison    5.5% 15 Aug 2018      —           476,716   
  Southern Cal Edison    5.75% 15 Mar 2014      —           703,512   
  Southern Co    1.95% 01 Sep 2016      —           944,188   
  Southwest Airlines Co    5.75% 15 Dec 2016      —           165,341   
  Southwest Airlines Co    5.25% 01 Oct 2014      —           191,906   
  Southwestern Elec Power    5.875% 01 Mar 2018      —           879,416   
  Spectra Energy Capital    8.0% 01 Oct 2019      —           450,529   
  Spectra Energy Capital    5.668% 15 Aug 2014      —           705,908   
  Spectra Energy Partners    2.95% 15 Jun 2016      —           446,440   
  SPI Electricity    6.15% 15 Nov 2013      —           251,946   
  Staples Inc    9.75% 15 Jan 2014      —           291,406   
  Stryker Corp    2.0% 30 Sep 2016      —           954,011   
  Talent Yield Investments    4.5% 25 Apr 2022      —           524,655   
  Teck Resources    3.75% 01 Feb 2023      —           684,794   
  Teck Resources    4.5% 15 Jan 2021      —           699,917   
  Telecom Italia    7.175% 18 Jun 2019      —           277,121   
  Telecom Italia    6.999% 04 Jun 2018      —           1,236,594   
  Telefonica Emisiones    5.462% 16 Feb 2021      —           171,475   

 

56


Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
 

Telefonica Emisiones

   5.462% 16 Feb 2021      —           1,486,117   
 

Thomson Reuters Corp

   5.95% 15 Jul 2013      —           686,427   
 

Time Warner Cable Inc

   5.0% 01 Feb 2020      —           357,476   
 

Time Warner Inc

   7.5% 01 Apr 2014      —           359,077   
 

Time Warner Inc

   4.7% 15 Jan 2021      —           471,586   
 

Time Warner Inc

   3.4% 15 Jun 2022      —           472,746   
 

Time Warner Inc

   4.7% 15 Jan 2021      —           549,259   
 

Time Warner Inc

   4.875% 15 Mar 2020      —           592,003   
 

Total Capital SA

   4.45% 24 Jun 2020      —           976,579   
 

Total Capital SA

   3.0% 24 Jun 2015      —           1,441,294   
 

Toyota Motor Credit Corp

   2.0% 15 Sep 2016      —           949,857   
 

Trans Canada Pipelines

   3.4% 01 Jun 2105      —           300,161   
 

TransOcean Inc

   2.5% 15 Oct 2017      —           354,573   
 

Travelers Cos

   5.75% 15 Dec 2017      —           437,976   
 

Tyson Foods

   4.5% 15 Jun 2022      —           538,099   
 

UBS AG

   2.25% 28 Jan 2014      —           395,498   
 

UBS AG

   5.875% 20 Dec 2017      —           580,055   
 

UBS AG

   1.0% 28 Jan 2014      —           588,387   
 

UBS AG

   5.875% 15 Jul 2016      —           581,803   
 

UFJ Finance Aruba

   6.75% 15 Jul 2013      —           155,845   
 

Unicredito Luxem Fin

   6.0% 31 Oct 2017      —           228,798   
 

Union Bank NA

   1.0% 06 Jun 2014      —           688,004   
 

Unum Group

   5.625% 15 Sep 2020      —           423,183   
 

US Bancorp

   2.95% 15 Jul 2022      —           595,706   
 

US Bancorp

   2.2% 15 Nov 2016      —           964,741   
 

US Cellular Corp

   6.7% 15 Dec 2033      —           204,533   
 

Valero Energy

   6.125% 01 Feb 2020      —           311,704   
 

Verizon Communications

   2.45% 01 Nov 2022      —           970,121   
 

Vesey Street

   1.0% 09 Jan 2016      —           1,893,130   
 

Vesey Street Investment

   1.0% 01 Sep 2016      —           176,692   
 

Viacom Inc

   5.625% 15 Sep 2019      —           75,728   
 

Wachovia Bank

   4.8% 01 Nov 2014      —           281,419   
 

Wachovia Corp

   5.5% 01 May 2013      —           331,943   
 

Wachovia Corp

   5.5% 01 May 2013      —           1,783,574   
 

Walgreen Co

   1.0% 13 Mar 2015      —           785,270   
 

Waste Mgmt Inc

   7.375% 15 May 2029      —           64,337   
 

Waste Mgmt Inc

   4.75% 30 Jun 2020      —           467,546   
 

Weatherford Bermuda

   6.0% 15 Mar 2018      —           24,500   
 

Weatherford Bermuda

   5.125% 15 Sep 2020      —           510,187   
 

Well Fargo & Company

   1.0% 15 Jun 216      —           495,248   
 

Well Fargo & Company

   1.5% 16 Jan 2018      —           619,931   
 

Wellpoint Inc

   3.3% 15 Jan 2023      —           181,003   
 

Wellpoint Inc

   1.25% 10 Sep 2015      —           628,722   
 

Wellpoint Inc

   6.0% 15 Feb 2014      —           737,564   
 

Wells Fargo & Company

   5.625% 11 Dec 2017      —           441,747   
 

Wells Fargo & Company

   2.1% 08 May 2017      —           932,108   
 

Wells Fargo Commercial Mtg

   2.918% 15 Oct 2045      —           1,429,542   
 

Western Union Co

   2.375% 10 Dec 2015      —           78,335   
 

Westpac Banking

   1.125% 25 Sep 2015      —           683,671   

 

57


Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
 

WF RBS Commercial Mortgage

   1.0% 15 Nov 2044      —           1,281,522   
 

Williams Companies

   3.7% 15 Jan 2023      —           323,442   
 

Williams Partners LP

   4.0% 15 Nov 2021      —           354,452   
 

Williams Partners LP

   3.35% 15 Aug 2022      —           540,115   
 

Willis North America Inc

   7.0% 29 Sep 2019      —           91,889   
 

Willis North America Inc

   7.0% 29 Sep 2019      —           212,494   
 

Willis North America Inc

   6.2% 28 Mar 2017      —           349,536   
 

World Financial Network

   1.76% 17 May 2021      —           320,267   
 

World Financial Network

   3.14% 17 Jan 2023      —           1,519,465   
 

World Omni Auto

   0.93% 16 Nov 2015      —           284,425   
 

WPP Finance

   4.75% 21 Nov 2021      —           204,798   
 

Xerox Corp

   5.625% 15 Dec 2019      —           457,363   
 

Xerox Corporation

   8.25% 15 May 2014      —           78,674   
 

XL Group Plc

   5.25% 15 Sep 2014      —           347,685   
          

 

 

 
          —           293,972,163   
          

 

 

 
 

Benefit Responsive Interest Rate Wrapper Contracts

        

*

 

Transamerica

   Open Ended Maturity      —           (495,139

*

 

Bank of America NT & SA

   Open Ended Maturity      —           (495,998
          

 

 

 
          —           (991,137
          

 

 

 
 

Synthetic Guaranteed Investment Contracts (contract value equals $708,605,720)

      $ 777,297,369   
          

 

 

 

Commingled Investments:

        

*

 

SSgA Daily EAFE Fund

   Commingled Investments      —           90,078,737   

*

 

SSgA S & P 500 Flagship Fund

   Commingled Investments      —           197,250,098   

*

 

SSgA US Small CAP Index Futures FD CMT4

   Commingled Investments      —           94,187,164   
          

 

 

 
 

Commingled Investments

         $ 381,515,999   
          

 

 

 
Registered Investment Companies:         
 

Aberdeen Asia Pacific Income Fund

   Registered Investment Company      —           54,714   
 

Acadian Emerging Markets Port Instl

   Registered Investment Company      —           5,352   
 

Aegis Value Fund Inc

   Registered Investment Company      —           4,924   
 

Aim European Growth Investors

   Registered Investment Company      —           921   
 

Amana Mutual Fund Trust Income

   Registered Investment Company      —           17,721   
 

Amer Century Target Maturities

   Registered Investment Company      —           43,168   
 

American Capital Income Builder

   Registered Investment Company      —           24,503   
 

American Capital World Growth & Income

   Registered Investment Company      —           9,527   
 

American Capital World Growth & Income

   Registered Investment Company      —           9,835   
 

American Century Balanced Investor

   Registered Investment Company      —           2,633   
 

American Century Equity Income

   Registered Investment Company      —           20,244   
 

American Century Heritage

   Registered Investment Company      —           2,106   
 

American Europacific Growth

   Registered Investment Company      —           8,853   
 

American Europacific Growth

   Registered Investment Company      —           23,038   

 

58


Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
 

American Fundamental Investors

   Registered Investment Company      —           10,012   
 

American High-Income

   Registered Investment Company      —           13,141   
 

American Income Fund of America

   Registered Investment Company      —           14,166   
 

American Income Fund of America

   Registered Investment Company      —           7,609   
 

American Mutual Fund

   Registered Investment Company      —           7,805   
 

American New Economy Fund

   Registered Investment Company      —           7,977   
 

American New Perspective

   Registered Investment Company      —           29,024   
 

American New World Fund

   Registered Investment Company      —           9,479   
 

American Smallcap World Class F1

   Registered Investment Company      —           8,255   
 

Ariel Appreciation

   Registered Investment Company      —           20,186   
 

Ariel Growth

   Registered Investment Company      —           11,248   
 

Artio International Equity Fund

   Registered Investment Company      —           12,227   
 

Artisan International Investor Class

   Registered Investment Company      —           11,500   
 

Artisan Intl Value Fund

   Registered Investment Company      —           13,776   
 

Barclays Bank Plc Ipath

   Registered Investment Company      —           1,081   
 

Barclays Bk Plc Ipath Etns

   Registered Investment Company      —           9,493   
 

Barclays Bk Plc Ipath Index

   Registered Investment Company      —           10,999   
 

Barclays Global Investors Funds Inc

   Registered Investment Company      —           282   
 

Baron Asset

   Registered Investment Company      —           3,111   
 

Baron Partners Fund

   Registered Investment Company      —           19,384   
 

Berkshire Focus Fund

   Registered Investment Company      —           3,113   
 

Berwyn Income Fund

   Registered Investment Company      —           100,712   
 

Blackrock Energy & Resources A

   Registered Investment Company      —           33,372   
 

Blackrock Equity Dividend Fund

   Registered Investment Company      —           26,607   
 

Blackrock Global Allocation Fund

   Registered Investment Company      —           19,697   
 

Blackrock Latin America Fund

   Registered Investment Company      —           8,910   
 

Brandywine Blue

   Registered Investment Company      —           8,641   
 

Bridgeway Aggressive Investor

   Registered Investment Company      —           138,336   
 

Bridgeway Small Cap Growth

   Registered Investment Company      —           16,220   
 

Brown Capital Mgt Small Company

   Registered Investment Company      —           5,597   
 

Buffalo Mid Cap Fund

   Registered Investment Company      —           6,599   
 

Buffalo Small Cap Growth

   Registered Investment Company      —           21,824   
 

Calamos Growth

   Registered Investment Company      —           58,493   
 

Calamos Growth Fund

   Registered Investment Company      —           92,098   
 

Clipper

   Registered Investment Company      —           9,342   
 

Columbia Acorn International

   Registered Investment Company      —           8,731   
 

Columbia Dividend Income Fund

   Registered Investment Company      —           9,686   
 

Columbia Marsico Intl

   Registered Investment Company      —           4,573   
 

Columbia Real Estate Equity

   Registered Investment Company      —           61,377   
 

Columbia Small Cap Core

   Registered Investment Company      —           2,877   
 

Columbia Strategic Income Fund

   Registered Investment Company      —           7,170   
 

Columbia Value And Restructuring

   Registered Investment Company      —           37,931   
 

Credit Suisse Ag Nassau Brh Exchange Traded Nts

   Registered Investment Company      —           915   
 

Credit Suisse Nassau Brh Elements

   Registered Investment Company      —           —     
 

CRM Mid Cap Value Investor

   Registered Investment Company      —           15,124   
 

Deutsche Bank Ag London Powershares Db Gold

   Registered Investment Company      —           8,046   
 

Direxion Latin America

   Registered Investment Company      —           1   
 

Direxion Shs ETF Tr Daily Finl Bear

   Registered Investment Company      —           18,132   
 

Direxion Shs ETF Tr Daily Gold Miners

   Registered Investment Company      —           6,725   

 

59


Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
 

Direxion Shs ETF Tr Daily Small Cap Bear 3

  

Registered Investment Company

     —           6,750   
 

Dodge & Cox Global Stock Fund

  

Registered Investment Company

     —           5,569   
 

Dodge & Cox Income

  

Registered Investment Company

     —           97,854   
 

Dodge & Cox International Stock Fund

  

Registered Investment Company

     —           88,841   
 

Dodge & Cox Stock

  

Registered Investment Company

     —           127,149   
 

Dreyfus Bond Market Index

  

Registered Investment Company

     —           43,174   
 

Dreyfus Opportunistic Midcap Value

  

Registered Investment Company

     —           12,305   
 

Dreyfus Premier Greater China

  

Registered Investment Company

     —           875   
 

Driehaus International Discovery

  

Registered Investment Company

     —           11,301   
 

DWS Rreef Real Estate Security

  

Registered Investment Company

     —           3,417   
 

DWS S&P 500 Index

  

Registered Investment Company

     —           6,231   
 

Dws Select Alternative Allocation Fund

  

Registered Investment Company

     —           6,854   
 

Eagle Small Cap Growth Fund

  

Registered Investment Company

     —           6,816   
 

Eaton Vance Ltd Duration Income Fund

  

Registered Investment Company

     —           8,330   
 

Eaton Vance Worldwide Health Sciences

  

Registered Investment Company

     —           2,262   
 

Fairholme Fund

  

Registered Investment Company

     —           13,675   
 

Fam Value

  

Registered Investment Company

     —           67,351   
 

Federated Strategic Value Dividend

  

Registered Investment Company

     —           16,457   
 

Fidelity Advisor Mid Cap

  

Registered Investment Company

     —           2,857   
 

Fidelity Advisor New Insights

  

Registered Investment Company

     —           29,740   
 

Fidelity Canada

  

Registered Investment Company

     —           10,770   
 

Fidelity Capital & Income

  

Registered Investment Company

     —           44,886   
 

Fidelity Capital Appreciation

  

Registered Investment Company

     —           18,278   
 

Fidelity Contrafund

  

Registered Investment Company

     —           171,996   
 

Fidelity Convertible Securities

  

Registered Investment Company

     —           11,551   
 

Fidelity Diversified International

  

Registered Investment Company

     —           62,017   
 

Fidelity Dividend Growth

  

Registered Investment Company

     —           25,224   
 

Fidelity Emerging Markets

  

Registered Investment Company

     —           36,208   
 

Fidelity Freedom 2025

  

Registered Investment Company

     —           7,044   
 

Fidelity High Income

  

Registered Investment Company

     —           54,772   
 

Fidelity International Discovery

  

Registered Investment Company

     —           66,542   
 

Fidelity International Real Estate Fund

  

Registered Investment Company

     —           15,259   
 

Fidelity Large Capital Stock

  

Registered Investment Company

     —           3,284   
 

Fidelity Latin America

  

Registered Investment Company

     —           41,572   
 

Fidelity Leveraged Company Stock

  

Registered Investment Company

     —           3,387   
 

Fidelity Low Priced Stock

  

Registered Investment Company

     —           34,259   
 

Fidelity New Markets Income

  

Registered Investment Company

     —           64,649   
 

Fidelity Select Biotechnology

  

Registered Investment Company

     —           15,558   
 

Fidelity Select Chemicals

  

Registered Investment Company

     —           9,716   
 

Fidelity Select Energy Service

  

Registered Investment Company

     —           7,533   
 

Fidelity Select Materials Portfolio

  

Registered Investment Company

     —           2,899   
 

Fidelity Select Natural Resources

  

Registered Investment Company

     —           25,404   
 

Fidelity Select Technology

  

Registered Investment Company

     —           2,896   
 

Fidelity Small Cap Discovery Fund

  

Registered Investment Company

     —           22,522   
 

Fidelity Small Cap Stock

  

Registered Investment Company

     —           4,913   
 

Fidelity Strategic Income

  

Registered Investment Company

     —           24,956   
 

Fidelity Strategic Real Return

  

Registered Investment Company

     —           6,750   
 

Fidelity US Bond Index

  

Registered Investment Company

     —           9,054   
 

Fidelity Value

  

Registered Investment Company

     —           1,964   

 

60


Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
 

First Eagle Global

  

Registered Investment Company

     —           139,344   
 

Forward Global Emerg Markets Instl

  

Registered Investment Company

     —           749   
 

Forward International Equity Fund

  

Registered Investment Company

     —           45,063   
 

Franklin Global Real Estate

  

Registered Investment Company

     —           7,225   
 

Franklin Growth

  

Registered Investment Company

     —           7,069   
 

Franklin Strategic Inc

  

Registered Investment Company

     —           9,785   
 

Franklin Strategic Income

  

Registered Investment Company

     —           16,704   
 

Franklin Temp Mutual Series

  

Registered Investment Company

     —           18,236   
 

Franklin Utilities Advisor Class

  

Registered Investment Company

     —           7,872   
 

Fund*X Upgrader Fund

  

Registered Investment Company

     —           20,844   
 

Fundamental Investors

  

Registered Investment Company

     —           33,325   
 

Gabelli Equity Income Fund

  

Registered Investment Company

     —           15,569   
 

Gabelli Utilities Fund

  

Registered Investment Company

     —           9,992   
 

Gamco Growth Fund

  

Registered Investment Company

     —           11,207   
 

Global Resources Fund

  

Registered Investment Company

     —           7,787   
 

Global X Funds Global X Lithium ETF

  

Registered Investment Company

     —           4,308   
 

Global X Funds Global X Uranium ETF

  

Registered Investment Company

     —           2,604   
 

Goldman Sachs Asset Alloc Growth

  

Registered Investment Company

     —           14,925   
 

Goldman Sachs Mid Cap Val Fund

  

Registered Investment Company

     —           3,667   
 

Greenspring Fund

  

Registered Investment Company

     —           19,689   
 

Growth Fund of America

  

Registered Investment Company

     —           18,076   
 

Guggenheim Bric ETF

  

Registered Investment Company

     —           10,806   
 

Hancock Horizon Burkenroad

  

Registered Investment Company

     —           117,664   
 

Hancock John PFund Equity Income Fund

  

Registered Investment Company

     —           4,382   
 

Harbor Bond Inst.

  

Registered Investment Company

     —           158,876   
 

Harbor International

  

Registered Investment Company

     —           97,456   
 

Harbor International Investor Shares

  

Registered Investment Company

     —           70,282   
 

Heartland Value

  

Registered Investment Company

     —           18,400   
 

Hennessy Equity and Income

  

Registered Investment Company

     —           13,117   
 

Hennessy Focus Fund Investor Class

  

Registered Investment Company

     —           2,643   
 

Hussman Strategic Growth

  

Registered Investment Company

     —           12,943   
 

Hussman Strategic Total Return

  

Registered Investment Company

     —           27,131   
 

Icon Energy

  

Registered Investment Company

     —           8,517   
 

Icon Healthcare

  

Registered Investment Company

     —           14,595   
 

Icon Information Technology

  

Registered Investment Company

     —           2,466   
 

Icon Materials

  

Registered Investment Company

     —           4,660   
 

Invesco Intl Growth Fund

  

Registered Investment Company

     —           5,900   
 

Invesco Small Companies

  

Registered Investment Company

     —           16,913   
 

Invesco Van Kampen Equity and Income

  

Registered Investment Company

     —           18,891   
 

Ishares Barclays U S Aggregate Bd Fund

  

Registered Investment Company

     —           23,333   
 

Ishares Comex Gold Trust

  

Registered Investment Company

     —           18,395   
 

Ishares Iboxx $ Investop Corp Bond Fund

  

Registered Investment Company

     —           42,927   
 

Ishares Inc Mcsi Bric Index Fund

  

Registered Investment Company

     —           6,004   
 

Ishares Inc Msci Brazil Free Index Fund

  

Registered Investment Company

     —           24,110   
 

Ishares Inc Msci Singapore Index Fund

  

Registered Investment Company

     —           39,674   
 

Ishares Russell 1000 Growth

  

Registered Investment Company

     —           2,764,247   
 

Ishares S&P North American Natl Res Fund

  

Registered Investment Company

     —           7,632   
 

Ishares Silver Tr Ishares

  

Registered Investment Company

     —           49,635   
 

Ishares Tr Cohen & Steers Realty Majors Index Fund

  

Registered Investment Company

     —           36,975   

 

61


Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
 

Ishares Tr Dow Jones U S Consumer Goods Fund

  

Registered Investment Company

     —           13,536   
 

Ishares Tr Dow Jones US Technology Fund

  

Registered Investment Company

     —           14,310   
 

Ishares Tr Ftse Nareit Mtg Plus Capped Index Fund

  

Registered Investment Company

     —           7,334   
 

Ishares Tr Ftse Xinhua Hk China 25 Index Fund

  

Registered Investment Company

     —           6,081   
 

Ishares Tr Iboxx $ High Yield Corp Bd Fund

  

Registered Investment Company

     —           9,991   
 

Ishares Tr Msci Eafe Index Fund

  

Registered Investment Company

     —           46,904   
 

Ishares Tr Msci Eafe Value Index Fund

  

Registered Investment Company

     —           11,496   
 

Ishares Tr Msci Emerging Mkts Index Fund

  

Registered Investment Company

     —           99,364   
 

Ishares Tr Nasdaq Biotechnology Index Fund

  

Registered Investment Company

     —           13,789   
 

Ishares Tr Russell 1000 Index Fund

  

Registered Investment Company

     —           18,334   
 

Ishares Tr Russell 2000 Value Index Fund

  

Registered Investment Company

     —           11,627   
 

Ishares Tr Russell Midcap Value Index Fund

  

Registered Investment Company

     —           10,304   
 

Ishares Tr S&P 500 Index Fund

  

Registered Investment Company

     —           25,715   
 

Ishares Tr S&P Micap 400 Growth Index Fund

  

Registered Investment Company

     —           11,676   
 

Ishares Tr S&P Midcap 400 Index Fund

  

Registered Investment Company

     —           24,901   
 

Ishares Tr S&P Midcap 400 Value Index Fund

  

Registered Investment Company

     —           76,442   
 

Ishares Tr S&P Smallcap 600/ Value Index Fund

  

Registered Investment Company

     —           8,251   
 

Ishares Tr S&P U S PFund Stk Index Fund

  

Registered Investment Company

     —           1,981   
 

Ishares Tr U S Treas Inflation Protected Secs Fund

  

Registered Investment Company

     —           109,022   
 

Ishares Trust High Divid Equity Fund

  

Registered Investment Company

     —           16,512   
 

Ishares Trust S&P Smallcap 600 Index Fund

  

Registered Investment Company

     —           37,696   
 

Iva International Fund

  

Registered Investment Company

     —           9,367   
 

Ivy Asset Strategy

  

Registered Investment Company

     —           5,246   
 

Ivy Global Natural Resources

  

Registered Investment Company

     —           7,666   
 

Ivy Mid Cap Growth

  

Registered Investment Company

     —           7,629   
 

Janus Balanced

  

Registered Investment Company

     —           48,879   
 

Janus Fund Class T Shares

  

Registered Investment Company

     —           5,743   
 

Janus Global Life Sciences Fund

  

Registered Investment Company

     —           7,826   
 

Janus Mercury

  

Registered Investment Company

     —           12,052   
 

Janus Orion Fund

  

Registered Investment Company

     —           6,900   
 

Janus Overseas

  

Registered Investment Company

     —           13,321   
 

Janus Triton Fund

  

Registered Investment Company

     —           24,639   
 

Janus Triton Fund

  

Registered Investment Company

     —           54,474   
 

Janus Worldwide Fund

  

Registered Investment Company

     —           7,637   
 

John Hancock Patriot Prem Divid Fund

  

Registered Investment Company

     —           11,197   
 

JP Morgan Mid Cap Value Instl

  

Registered Investment Company

     —           408   
 

JP Morgan Small Cap Equity Fund

  

Registered Investment Company

     —           31,656   
 

Kinetics Small Cap Opportunities

  

Registered Investment Company

     —           9,308   
 

Laudus Mondrian Emrg Markets

  

Registered Investment Company

     —           20,610   
 

Lazard Developing Mrkts Eq

  

Registered Investment Company

     —           1,832   
 

Liberty All Star Equity Fund

  

Registered Investment Company

     —           106   
 

Loomis Sayles Bond Retail Shares

  

Registered Investment Company

     —           50,878   
 

Loomis Sayles Global Bond Retail

  

Registered Investment Company

     —           9,162   
 

Loomis Sayles Invst Grade Bond C

  

Registered Investment Company

     —           8,564   
 

Mairs & Power Growth Fund

  

Registered Investment Company

     —           23,200   
 

Managers Fremont Micro-Cap Fund

  

Registered Investment Company

     —           21,898   
 

Managers Intermediate Duration Government

  

Registered Investment Company

     —           23,656   
 

Manning & Napier Equity Series

  

Registered Investment Company

     —           56,043   
 

Manning & Napier Overseas Series

  

Registered Investment Company

     —           3,025   

 

62


Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
 

Manning & Napier Pro Blend Max Term

   Registered Investment Company      —           992   
 

Market Vectors ETF Tr Agribusiness ETF

   Registered Investment Company      —           18,681   
 

Market Vectors ETF Tr Gold Miners ETF

   Registered Investment Company      —           4,686   
 

Market Vectors ETF Tr India Small-Cap ETF

   Registered Investment Company      —           11,133   
 

Market Vectors ETF Tr Steel ETF

   Registered Investment Company      —           7,468   
 

Market Vectors ETF Tr Uran Nuclear Energy ETF

   Registered Investment Company      —           8,643   
 

Marsico International Opportunities

   Registered Investment Company      —           28,241   
 

Matthews Asia Dividend Fund

   Registered Investment Company      —           12,477   
 

Matthews Asian Growth & Income Fund

   Registered Investment Company      —           19,654   
 

Matthews Dragon Century China

   Registered Investment Company      —           3,071   
 

Matthews India Fund

   Registered Investment Company      —           8,576   
 

Matthews Pacific Tiger

   Registered Investment Company      —           599   
 

Merger Fund

   Registered Investment Company      —           49,084   
 

Meridian Fund

   Registered Investment Company      —           34,071   
 

Meridian Value Fund

   Registered Investment Company      —           7,163   
 

Metropolitan West Total Return Bond

   Registered Investment Company      —           1,181   
 

Neuberger Berman Focus Investor

   Registered Investment Company      —           3,995   
 

Neuberger Berman Real Estate Trust

   Registered Investment Company      —           24,810   
 

Nicholas Fund

   Registered Investment Company      —           24,310   
 

Nuveen Quality PFund Income Fund

   Registered Investment Company      —           146,630   
 

Oakmark Equity & Income Fund

   Registered Investment Company      —           244,182   
 

Oakmark Fund

   Registered Investment Company      —           83,262   
 

Oakmark International

   Registered Investment Company      —           35,798   
 

Oakmark International Small Cap

   Registered Investment Company      —           16,321   
 

Oppenheimer Dev Markets

   Registered Investment Company      —           25,340   
 

Oppenheimer Int’l Growth

   Registered Investment Company      —           8,383   
 

Parnassus Equity Income Portfolio

   Registered Investment Company      —           54,356   
 

Parnassus Fund

   Registered Investment Company      —           4,998   
 

Parnassus Small Cap

   Registered Investment Company      —           1,923   
 

Parnassus Workplace

   Registered Investment Company      —           2,257   
 

Perkins Mid Cap Value

   Registered Investment Company      —           6,530   
 

Permanent Portfolio Family of Funds

   Registered Investment Company      —           313,953   
 

Permanent Versatile Bond Portfolio

   Registered Investment Company      —           5,100   

*

 

Pimco All Asset Inst Class

   Registered Investment Company      —           300,542   

*

 

Pimco Emerging Markets Bond Fund

   Registered Investment Company      —           19,408   

*

 

Pimco Investment Grade Corp Bond

   Registered Investment Company      —           63,039   

*

 

Pimco Real Return

   Registered Investment Company      —           53,446   

*

 

Pimco Stocksplus Tr Short Strategy

   Registered Investment Company      —           13,481   

*

 

Pimco Total Return

   Registered Investment Company      —           13,255   

*

 

Pimco Total Return

   Registered Investment Company      —           27,519   
 

Powershares Db Commodity Index Fund

   Registered Investment Company      —           4,778   
 

Powershares Db Multi Sectr Com Tr Power Shares

   Registered Investment Company      —           3,938   
 

Powershares Exch Traded Fund

   Registered Investment Company      —           8,735   
 

Powershares FTSE Rafi US 1000

   Registered Investment Company      —           42,717   
 

Powershares Inter Dvd Achiev Powershares Funds

   Registered Investment Company      —           24,770   
 

Powershares Qqq Tr Unit Ser 1

   Registered Investment Company      —           100,952   
 

Primecap Odyssey Aggressive Growth Fund

   Registered Investment Company      —           1,799   
 

Proshares Tr Ii Proshares Ultra Silver

   Registered Investment Company      —           132   
 

Proshares Tr Ii Proshares Ultrashort Euro

   Registered Investment Company      —           3,802   

 

63


Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
 

Proshares Tr Proshares Ultra Nasdaq Biotechnology

   Registered Investment Company      —           8,695   
 

Proshares Tr Proshares Ultrashort 20 Yr Treas

   Registered Investment Company      —           3,173   
 

Proshares Tr Ultrapro Midcap400

   Registered Investment Company      —           12,388   
 

Proshares Tr Ultrapro Russell2000

   Registered Investment Company      —           10,148   
 

Proshares Tr Ultrashort Financials New

   Registered Investment Company      —           302   
 

Proshares Tr Ultrashort FTSE Xinhua China

   Registered Investment Company      —           1,758   
 

Proshares Trust Pshs Ulsht S&P 500

   Registered Investment Company      —           33,278   
 

Proshares Trust Ultra Financials

   Registered Investment Company      —           28,884   
 

Proshares Ultra Gas Proshares

   Registered Investment Company      —           4,310   
 

Proshares Ultra Health Care Proshares

   Registered Investment Company      —           16,832   
 

Proshares Ultra QQQProshares

   Registered Investment Company      —           38,367   
 

Proshares Ultra S&P 500 Proshares

   Registered Investment Company      —           30,983   
 

Prudential Jennison Natural Resources

   Registered Investment Company      —           6,019   
 

Putnam High Income Conv & Bd Fund

   Registered Investment Company      —           19,875   
 

Reaves Util Income Fund

   Registered Investment Company      —           165   
 

Rivernorth Core Opportunity Fund

   Registered Investment Company      —           37,015   
 

Royce Low Priced Stock Fund

   Registered Investment Company      —           175,604   
 

Royce Microcap

   Registered Investment Company      —           90,792   
 

Royce Opportunity Fund

   Registered Investment Company      —           8,783   
 

Royce Pa Mutual

   Registered Investment Company      —           170,204   
 

Royce Premier Series

   Registered Investment Company      —           55,964   
 

Royce Special Equity

   Registered Investment Company      —           17,172   
 

Royce Total Return Fund

   Registered Investment Company      —           35,012   
 

RS Global Natural Resources Fund

   Registered Investment Company      —           5,842   
 

Russell Emerging Markets

   Registered Investment Company      —           5,627   
 

Rydex ETF Tr S&P 500 Eql Weighted Index Fund

   Registered Investment Company      —           16,354   
 

Rydex Nasdaq 100 Inv Class

   Registered Investment Company      —           2,557   
 

Schroder Emerging Market Equity Adv

   Registered Investment Company      —           56,671   
 

Schwab 1000 Index Fund

   Registered Investment Company      —           18,134   
 

Schwab Fundamental Emg Mkts Index Instl

   Registered Investment Company      —           9,752   
 

Schwab Strategic Tr US Dividend Equity ETF

   Registered Investment Company      —           39,676   
 

Schwab Strategic Tr US Large Cap Value ETF

   Registered Investment Company      —           91,670   
 

Schwab Strategic Tr US Tips ETF

   Registered Investment Company      —           57,454   
 

Scout International Fund

   Registered Investment Company      —           1,061   
 

Sector Spdr Tr Shs Ben Int Financial

   Registered Investment Company      —           8,195   
 

Sector Spdr Tr Shs Ben Int Technology

   Registered Investment Company      —           7,397   
 

Sector Spdr Tr Shs Ben Int Utilities

   Registered Investment Company      —           23,385   
 

Select Energy

   Registered Investment Company      —           15,196   
 

Select Medical Delivery

   Registered Investment Company      —           52,217   
 

Select Natural Gas

   Registered Investment Company      —           2,197   
 

Select Sector Spdr Tr Health Care

   Registered Investment Company      —           31,303   
 

Selected American Shares

   Registered Investment Company      —           86,294   
 

Shelton S&P Mid Cap Index

   Registered Investment Company      —           12,203   
 

Skyline Special Equities

   Registered Investment Company      —           8,730   
 

Spartan 500 Index Fund Advantage

   Registered Investment Company      —           111,947   
 

Spartan Total Market Index

   Registered Investment Company      —           34,761   
 

Spdr Dow Jones Indl Average ETF Tr Unit Ser 1

   Registered Investment Company      —           13,058   
 

Spdr Gold Tr Gold Shs

   Registered Investment Company      —           298,441   
 

Spdr Index Shs Funds Dj Wilshire Intl Real Estate

   Registered Investment Company      —           17,102   

 

64


Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
 

Spdr Index Shs Funds S&P Intl Health Care

   Registered Investment Company      —           14,350   
 

Spdr S&P 500 ETF Trust Unit Ser 1 S&P

   Registered Investment Company      —           161,203   
 

Spdr Ser Tr Dj Wilshire Reit ETF

   Registered Investment Company      —           47,609   
 

Spdr Ser Tr Dow Jones Mid Cap ETF

   Registered Investment Company      —           11,127   
 

Spdr Ser Tr S&P Biotech ETF

   Registered Investment Company      —           35,164   
 

Spdr Ser Tr S&P Pharmaceuticals ETF

   Registered Investment Company      —           8,610   
 

Spdr Ser Tr Wells Fargo PFund Stock ETF

   Registered Investment Company      —           19,158   

*

 

SSgA Emerging Markets

   Registered Investment Company      —           29,421   

*

 

SSgA International Stock Selection

   Registered Investment Company      —           7,139   
 

T Rowe Price Cap Appreciation

   Registered Investment Company      —           239,058   
 

T Rowe Price Corporate Income

   Registered Investment Company      —           121,903   
 

T Rowe Price Emerg Euro & Mediterranean

   Registered Investment Company      —           2,585   
 

T Rowe Price Growth Stock

   Registered Investment Company      —           9,354   
 

T Rowe Price Growth Stock Advisor

   Registered Investment Company      —           3,192   
 

T Rowe Price Health Sciences

   Registered Investment Company      —           22,049   
 

T Rowe Price High Yield Bond

   Registered Investment Company      —           25,566   
 

T Rowe Price International Bond

   Registered Investment Company      —           9,002   
 

T Rowe Price International Discovery Fund

   Registered Investment Company      —           88,478   
 

T Rowe Price International Emerging Market Bond

   Registered Investment Company      —           34,440   
 

T Rowe Price Latin America Fund

   Registered Investment Company      —           12,453   
 

T Rowe Price Media & Telecommunications

   Registered Investment Company      —           3,434   
 

T Rowe Price Mid Cap Growth

   Registered Investment Company      —           23,953   
 

T Rowe Price Mid Cap Value

   Registered Investment Company      —           21,720   
 

T Rowe Price New Horizons Fund

   Registered Investment Company      —           22,722   
 

T Rowe Price Ret 2040 Fund

   Registered Investment Company      —           5,195   
 

T Rowe Price Rtmt 2015 Advisor Class

   Registered Investment Company      —           23,964   
 

T Rowe Price Rtmt 2025 Fund Adv Shrs

   Registered Investment Company      —           24,815   
 

T Rowe Price Rtmt Fund 2040 Adv Shrs

   Registered Investment Company      —           5,219   
 

T Rowe Price Small Cap Value Fund

   Registered Investment Company      —           2,926   
 

Vanguard Target Moderate Allocation

   Registered Investment Company      —           17,294   
 

Vanguard Target Retirement 2010 Fund

   Registered Investment Company      —           6,676,351   
 

Vanguard Target Retirement 2015 Fund

   Registered Investment Company      —           23,179,252   
 

Vanguard Target Retirement 2020 Fund

   Registered Investment Company      —           31,181,459   
 

Vanguard Target Retirement 2025 Fund

   Registered Investment Company      —           34,292,346   
 

Vanguard Target Retirement 2030 Fund

   Registered Investment Company      —           42,046,615   
 

Vanguard Target Retirement 2035 Fund

   Registered Investment Company      —           44,471,734   
 

Vanguard Target Retirement 2040 Fund

   Registered Investment Company      —           35,322,198   
 

Vanguard Target Retirement 2045 Fund

   Registered Investment Company      —           28,123,014   
 

Vanguard Target Retirement 2050 Fund

   Registered Investment Company      —           24,016,067   
 

TCW Total Return Bond Class I

   Registered Investment Company      —           55,247   
 

Templeton China World Fund Adv

   Registered Investment Company      —           11,093   
 

Templeton Emerging Mrtks Small Cap

   Registered Investment Company      —           6,249   
 

Templeton Global Bond

   Registered Investment Company      —           9,524   
 

Templeton Global Bond

   Registered Investment Company      —           52,962   
 

Templeton Global Bond Fund

   Registered Investment Company      —           36,943   
 

Teton Westwood Equity

   Registered Investment Company      —           1,084   
 

Teton Westwood Mighty Mites Fund

   Registered Investment Company      —           21,195   
 

Teucrium Commodity Tr Corn Fund

   Registered Investment Company      —           4,388   
 

The Contrarian Fund

   Registered Investment Company      —           21,989   

 

65


Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

  

Description of Investment

   Cost (1)      Current Value  
 

The Delafield Fund

  

Registered Investment Company

     —           2,172   
 

Third Avenue Value

  

Registered Investment Company

     —           5,043   
 

Thompson Plumb Growth Fund

  

Registered Investment Company

     —           298   
 

Thornburg Intl Value Cl

  

Registered Investment Company

     —           17,427   
 

Timothy Plan Conserv Growth

  

Registered Investment Company

     —           20,176   
 

Timothy Plan Fixed Income

  

Registered Investment Company

     —           4,182   
 

Timothy Plan Strategy Income Growth

  

Registered Investment Company

     —           10,510   
 

Tocqueville Fund

  

Registered Investment Company

     —           8,793   
 

Tocqueville Gold Fund

  

Registered Investment Company

     —           7,386   
 

Touchstone Small Cap Value

  

Registered Investment Company

     —           10,509   
 

Tributary Growth Oppt Instl

  

Registered Investment Company

     —           5,157   
 

Tweedy Browne Global Value Fund

  

Registered Investment Company

     —           102,938   
 

Undiscovered Mgrs Behavior Value Instl

  

Registered Investment Company

     —           13,605   
 

United Sts Oil Fund LP Units

  

Registered Investment Company

     —           4,505   
 

US Global Region East European

  

Registered Investment Company

     —           2,403   
 

Value Line Small Cap Growth

  

Registered Investment Company

     —           31,661   
 

Van Eck Global Hard Assets

  

Registered Investment Company

     —           8,912   
 

Vanguard 500 Index Fund

  

Registered Investment Company

     —           161,822   
 

Vanguard Balanced Index Investor

  

Registered Investment Company

     —           7,318   
 

Vanguard Bd Index Fund Inc Total Bd Market ETF

  

Registered Investment Company

     —           17,179   
 

Vanguard Developed Mrkts Index

  

Registered Investment Company

     —           30,772   
 

Vanguard Div App Index Invt

  

Registered Investment Company

     —           16,256   
 

Vanguard Dividend Growth Investor

  

Registered Investment Company

     —           53,889   
 

Vanguard Energy Investor Fund

  

Registered Investment Company

     —           198,663   
 

Vanguard Equity Income Investor

  

Registered Investment Company

     —           11,423   
 

Vanguard Global Equity Investor

  

Registered Investment Company

     —           21,978   
 

Vanguard GNMA Investor Cl

  

Registered Investment Company

     —           19,221   
 

Vanguard Growth Index

  

Registered Investment Company

     —           7,865   
 

Vanguard High Yld Corp Investor

  

Registered Investment Company

     —           6,588   
 

Vanguard Index Funds Mid-Cap Value Index Viper

  

Registered Investment Company

     —           35,874   
 

Vanguard Index Funds Vanguard Growth Vipers

  

Registered Investment Company

     —           17,885   
 

Vanguard Index Funds Vanguard Large Cap Vipers

  

Registered Investment Company

     —           16,535   
 

Vanguard Index Funds Vanguard Small Cap Vipers

  

Registered Investment Company

     —           29,060   
 

Vanguard Index Fds Vanguard Small Cap Vipers

  

Registered Investment Company

     —           4,120   
 

Vanguard Index Fds Vanguard Total Stk Mkt ETF

  

Registered Investment Company

     —           68,081   
 

Vanguard Index Trust Small Cap Growth

  

Registered Investment Company

     —           52,564   
 

Vanguard Inflation Protected Secs

  

Registered Investment Company

     —           57,538   
 

Vanguard Intermed Term Tax Exempt

  

Registered Investment Company

     —           1,410   
 

Vanguard Inter-Term Bond Index Port

  

Registered Investment Company

     —           80,254   
 

Vanguard Intl Equity Index Funds MSCI Emerging

  

Registered Investment Company

     —           97,544   
 

Vanguard Long Term US Treasury Investor

  

Registered Investment Company

     —           31,904   
 

Vanguard Mid Cap Growth Index

  

Registered Investment Company

     —           1,134   
 

Vanguard Mid Cap Index Investor

  

Registered Investment Company

     —           201,135   
 

Vanguard Mid Cap Value Index

  

Registered Investment Company

     —           6,849   
 

Vanguard Pacific Stock Index Inv

  

Registered Investment Company

     —           6,284   
 

Vanguard Precious Metals & Mining Inv

  

Registered Investment Company

     —           4,525   
 

Vanguard Reit Index Investor

  

Registered Investment Company

     —           127,618   
 

Vanguard Reit Index Signal Shares

  

Registered Investment Company

     —           10,220   
 

Vanguard Sector Index Funds Finls Vipers

  

Registered Investment Company

     —           12,446   

 

66


Table of Contents

Baxter International Inc. and Subsidiaries

Incentive Investment Plan

Schedule H, Line 4i – Schedule of Assets (Held at End of Year)

Employer Identification Number: 36-0781620 and Plan Number 023

December 31, 2012

 

 

Identity of Issue

   Description of Investment    Cost (1)      Current Value  
 

Vanguard Sector Index Funds Con Staples Vipers

   Registered Investment Company      —           18,504   
 

Vanguard Sector Index Funds Energy Vipers

   Registered Investment Company      —           10,226   
 

Vanguard Sector Index Funds Info Technology Vipers

   Registered Investment Company      —           2,798   
 

Vanguard Sector Index Funds Telecommunication

   Registered Investment Company      —           13,247   
 

Vanguard Sector Index Funds Utils Vipers

   Registered Investment Company      —           15,513   
 

Vanguard Short Term Bond Index Investor

   Registered Investment Company      —           173,322   
 

Vanguard Small Cap Stock

   Registered Investment Company      —           72,086   
 

Vanguard Specialized Portfolios Div Appreciation Fund

   Registered Investment Company      —           43,043   
 

Vanguard Strategic Equity Investor

   Registered Investment Company      —           3,849   
 

Vanguard Target Retirement 2025 Fund

   Registered Investment Company      —           1,152   
 

Vanguard Target Retirement 2040 Fund

   Registered Investment Company      —           5,101   
 

Vanguard Target Retirement Income

   Registered Investment Company      —           22,264,300   
 

Vanguard Total Intl Stock Index Inv

   Registered Investment Company      —           6,210   
 

Vanguard Total Stock Market Investor

   Registered Investment Company      —           5,361   
 

Vanguard Total Stock Mrkt Signal

   Registered Investment Company      —           102,608   
 

Vanguard Value Index

   Registered Investment Company      —           12,284   
 

Vanguard Wellington Investor

   Registered Investment Company      —           118,273   
 

Vanguard Whitehall Funds High Dividend Yield ETF

   Registered Investment Company      —           4,336   
 

Vanguard Windsor II Investor

   Registered Investment Company      —           56,710   
 

Virtus Alternatives Diversifier

   Registered Investment Company      —           6,518   
 

Virtus Real Estate Securities

   Registered Investment Company      —           14,824   
 

Wasatch Hoisington US Treasury

   Registered Investment Company      —           13,218   
 

Wasatch International Growth

   Registered Investment Company      —           31,562   
 

Wasatch Micro-Cap Value Fund

   Registered Investment Company      —           2,627   
 

Weitz Value

   Registered Investment Company      —           2,658   
 

Wells Fargo Asia Pacific Fund

   Registered Investment Company      —           100   
 

Wells Fargo C&B Mid Cap Value Fund

   Registered Investment Company      —           161   
 

Wells Fargo Premier Large Co Growth

   Registered Investment Company      —           46,904   
 

William Blair Int’L Growth Fund

   Registered Investment Company      —           23,682   
 

World Precious Minerals Fund

   Registered Investment Company      —           5,140   
 

Yacktman Focused Service Class

   Registered Investment Company      —           35,805   
 

Yacktman Fund Service Class

   Registered Investment Company      —           375,920   
          

 

 

 
 

Registered Investment Companies

        —         $ 307,109,230   
          

 

 

 

*

 

Notes Receivables from Participants

  

Interest rates range from 4.25% to 10.5%

  

   $ 43,079,411   
          

 

 

 
 

Collateral Held on Loaned Securities

     
 

* State Street Bank & Trust Co Quality D Short-term Investment Fund

     —         $ 18,841,812   
          

 

 

 
 

Total Investments and Notes Receivables from Participants

     —         $ 2,088,444,124   
          

 

 

 

 

* Party-in-interest
** These investments include securities that were loaned to brokers under the securities lending program with the Trustee.
(1) Cost information not required for participant-directed investments.

 

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Table of Contents

SIGNATURE

Pursuant to the requirements of the Securities and Exchange Act of 1934, the Plan Administrator has duly caused this annual report to be signed on its behalf by the undersigned thereunto duly authorized.

 

    BAXTER INTERNATIONAL INC. AND SUBSIDIARIES
    INCENTIVE INVESTMENT PLAN
Date: June 26, 2013     By:  

/s/ Robert J. Hombach

      Robert J. Hombach
      Member of the Administrative Committee