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New Accounting Standards (Policies)
6 Months Ended
Jun. 30, 2021
New Accounting Standards  
Recently Adopted Accounting Standards

Recently Adopted Accounting Standards

In December 2019, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes, which among other things, eliminates certain exceptions in the current rules regarding the approach for intraperiod tax allocations and the methodology for calculating income taxes in an interim period, and clarifies the accounting for transactions that result in a step-up in the tax basis of goodwill.  Abbott adopted the standard on January 1, 2021.  The new standard did not have an impact on its condensed consolidated financial statements.