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Post-Employment Benefits | 6 Months Ended
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Jun. 30, 2021
Post-Employment Benefits |
Post-Employment Benefits | Note 12 — Post-Employment Benefits ​ Retirement plans consist of defined benefit, defined contribution, and medical and dental plans. Net periodic benefit costs, other than service costs, are recognized in the Other (income) expense, net line of the Condensed Consolidated Statement of Earnings. Net cost recognized in continuing operations for the three and six months ended June 30 for Abbott’s major defined benefit plans and post-employment medical and dental benefit plans is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Defined Benefit Plans | ​ | Medical and Dental Plans
​ | ​ | Three Months | ​ | Six Months | ​ | Three Months | ​ | Six Months
(in millions) | ​ | Ended June 30 | ​ | Ended June 30 | ​ | Ended June 30 | ​ | Ended June 30
​ |  | 2021 |  | 2020 |  | 2021 |  | 2020 |  | 2021 |  | 2020 |  | 2021 |  | 2020
Service cost — benefits earned during the period | ​ | $ | 96 | ​ | $ | 81 | ​ | $ | 196 | ​ | $ | 166 | ​ | $ | 14 | ​ | $ | 11 | ​ | $ | 28 | ​ | $ | 23
Interest cost on projected benefit obligations | ​ |  | 62 | ​ |  | 74 | ​ |  | 124 | ​ |  | 149 | ​ |  | 9 | ​ |  | 9 | ​ |  | 17 | ​ |  | 21
Expected return on plan assets | ​ |  | (211) | ​ |  | (191) | ​ |  | (422) | ​ |  | (383) | ​ |  | (7) | ​ |  | (7) | ​ |  | (14) | ​ |  | (14)
Net amortization of: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Actuarial loss, net | ​ |  | 78 | ​ |  | 64 | ​ |  | 159 | ​ |  | 127 | ​ |  | 7 | ​ |  | 2 | ​ |  | 14 | ​ |  | 10
Prior service cost (credit) | ​ |  | 1 | ​ |  | 1 | ​ |  | 1 | ​ |  | 1 | ​ |  | (7) | ​ |  | (7) | ​ |  | (14) | ​ |  | (14)
Net cost — continuing operations | ​ | $ | 26 | ​ | $ | 29 | ​ | $ | 58 | ​ | $ | 60 | ​ | $ | 16 | ​ | $ | 8 | ​ | $ | 31 | ​ | $ | 26
​ Abbott funds its domestic defined benefit plans according to Internal Revenue Service funding limitations. International pension plans are funded according to similar regulations. In the first six months of 2021 and 2020, $80 million and $335 million, respectively, were contributed to defined benefit plans. Contributions made to post-employment medical and dental plans in the first six months of 2020 were $11 million. No contributions were made to the post-employment medical and dental plans in the first six months of 2021.

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- Definition The entire disclosure for postemployment benefits, which may include supplemental unemployment benefits, obligations recognized for all types of benefits provided to former or inactive employees, their beneficiaries, and covered dependents after employment but before retirement. Disclosure may also include discussion that an obligation for postemployment benefits is not accrued in accordance with regulation only because the amount cannot be reasonably estimated. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 712 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6410195&loc=d3e80090-111668 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 712 -URI http://asc.fasb.org/topic&trid=2197446 + Details
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