XML 33 R22.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Post-Employment Benefits | 3 Months Ended
--- | ---
Mar. 31, 2024
Postemployment Benefits [Abstract] |
Post-Employment Benefits | Note 13 — 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 for the three months ended March 31 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 Ended March 31 |  |  | Three Months Ended March 31
(in millions) |  | 2024 |  | 2023 |  |  | 2024 |  | 2023
Service cost - benefits earned during the period |  | $ | 61 |  |  | $ | 60 |  |  |  | $ | 10 |  |  | $ | 9 |
Interest cost on projected benefit obligations |  | 118 |  |  | 114 |  |  |  | 15 |  |  | 14 |
Expected return on plan assets |  | (262) |  |  | (242) |  |  |  | (6) |  |  | (6) |
Net amortization of: |  |  |  |  |  |  |  |  |
Actuarial loss, net |  | 6 |  |  | 3 |  |  |  | — |  |  | — |
Prior service cost (credit) |  | — |  |  | — |  |  |  | (3) |  |  | (3) |
Net cost (credit) |  | $ | (77) |  |  | $ | (65) |  |  |  | $ | 16 |  |  | $ | 14 |
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 three months of 2024 and 2023, $280 million and $282 million, respectively, were contributed to defined benefit plans. In the first three months of 2024 and 2023, $28 million was contributed in each year to the post-employment medical and dental plans.

X
- References No definition available. + Details
Name: | us-gaap_PostemploymentBenefitsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Topic 712 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//712/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 712 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481565/712-10-50-2 + Details
Name: | us-gaap_PostemploymentBenefitsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration