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Segment Information | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Segment Information | Note 14 — Segment Information Abbott’s principal business is the discovery, development, manufacture, and sale of a broad line of healthcare products. Abbott’s products are generally sold directly to retailers, wholesalers, hospitals, healthcare facilities, laboratories, physicians’ offices and government agencies throughout the world. Abbott’s reportable segments are as follows: Established Pharmaceutical Products — International sales of a broad line of branded generic pharmaceutical products. Nutritional Products — Worldwide sales of a broad line of adult and pediatric nutritional products. Diagnostic Products — Worldwide sales of diagnostic systems and tests for blood banks, hospitals, commercial laboratories and alternate-care testing sites. For segment reporting purposes, the Core Laboratory Diagnostics, Rapid Diagnostics, Molecular Diagnostics and Point of Care Diagnostics businesses are aggregated and reported as the Diagnostic Products segment. Medical Devices — Worldwide sales of rhythm management, electrophysiology, heart failure, vascular, structural heart, neuromodulation, and diabetes care products. For segment reporting purposes, the Cardiac Rhythm Management, Electrophysiology, Heart Failure, Vascular, Structural Heart, Neuromodulation and Diabetes Care businesses are aggregated and reported as the Medical Devices segment. Abbott’s underlying accounting records are maintained on a legal entity basis for government and public reporting requirements. Segment disclosures are on a performance basis consistent with internal management reporting. The chief operating decision maker (CODM) at Abbott is the Chief Executive Officer (CEO). The CODM primarily considers sales and operating margin to assess the performance of segments and to allocate resources, where segment operating margin profitability includes cost of products sold and operating expenses. The cost of some corporate functions and the cost of certain employee benefits are charged to segments at predetermined rates that approximate cost. Remaining costs, if any, are not allocated to segments. In addition, intangible asset amortization is not allocated to operating segments, and intangible assets and goodwill are not included in the measure of each segment’s assets. The following segment information has been prepared in accordance with the internal accounting policies of Abbott, as described above, and is not presented in accordance with generally accepted accounting principles applied to the consolidated financial statements.
|  | Net Sales to External Customers |  | Cost of Products Sold |  | Research and Development |  | Selling, General and Administrative |  | Operating Earnings
|  | Three Months Ended June 30, |  | Three Months Ended June 30, |  | Three Months Ended June 30, |  | Three Months Ended June 30, |  | Three Months Ended June 30,
(in millions) |  | 2025 |  | 2024 |  | 2025 |  | 2024 |  | 2025 |  | 2024 |  | 2025 |  | 2024 |  | 2025 |  | 2024
Established Pharmaceuticals |  | $ | 1,383 |  |  | $ | 1,294 |  |  | $ | (631) |  |  | $ | (591) |  |  | $ | (43) |  |  | $ | (44) |  |  | $ | (363) |  |  | $ | (344) |  |  | $ | 346 |  |  | $ | 315 |
Nutritionals |  | 2,212 |  |  | 2,150 |  |  | (1,155) |  |  | (1,148) |  |  | (54) |  |  | (53) |  |  | (585) |  |  | (576) |  |  | 418 |  |  | 373 |
Diagnostics |  | 2,173 |  |  | 2,195 |  |  | (1,224) |  |  | (1,203) |  |  | (154) |  |  | (162) |  |  | (423) |  |  | (400) |  |  | 372 |  |  | 430 |
Medical Devices |  | 5,369 |  |  | 4,734 |  |  | (1,758) |  |  | (1,627) |  |  | (430) |  |  | (379) |  |  | (1,385) |  |  | (1,221) |  |  | 1,796 |  |  | 1,507 |
Total |  | $ | 11,137 |  |  | $ | 10,373 |  |  | $ | (4,768) |  |  | $ | (4,569) |  |  | $ | (681) |  |  | $ | (638) |  |  | $ | (2,756) |  |  | $ | (2,541) |  |  | $ | 2,932 |  |  | $ | 2,625 |
Other |  | 5 |  |  | 4 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 11,142 |  |  | $ | 10,377 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate functions and plan benefit costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (65) |  |  | (80) |
Net interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (50) |  |  | (58) |
Share-based compensation (a) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (142) |  |  | (141) |
Amortization of Intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (420) |  |  | (471) |
Other, net (b) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (105) |  |  | (268) |
Earnings before Taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 2,150 |  |  | $ | 1,607 |
|  | Net Sales to External Customers |  | Cost of Products Sold |  | Research and Development |  | Selling, General and Administrative |  | Operating Earnings
|  | Six Months Ended June 30, |  | Six Months Ended June 30, |  | Six Months Ended June 30, |  | Six Months Ended June 30, |  | Six Months Ended June 30,
(in millions) |  | 2025 |  | 2024 |  | 2025 |  | 2024 |  | 2025 |  | 2024 |  | 2025 |  | 2024 |  | 2025 |  | 2024
Established Pharmaceuticals |  | $ | 2,643 |  |  | $ | 2,520 |  |  | $ | (1,200) |  |  | $ | (1,175) |  |  | $ | (85) |  |  | $ | (85) |  |  | $ | (714) |  |  | $ | (678) |  |  | $ | 644 |  |  | $ | 582 |
Nutritionals |  | 4,358 |  |  | 4,218 |  |  | (2,279) |  |  | (2,236) |  |  | (106) |  |  | (105) |  |  | (1,161) |  |  | (1,127) |  |  | 812 |  |  | 750 |
Diagnostics |  | 4,227 |  |  | 4,409 |  |  | (2,376) |  |  | (2,391) |  |  | (305) |  |  | (317) |  |  | (815) |  |  | (797) |  |  | 731 |  |  | 904 |
Medical Devices |  | 10,264 |  |  | 9,187 |  |  | (3,356) |  |  | (3,174) |  |  | (831) |  |  | (747) |  |  | (2,672) |  |  | (2,399) |  |  | 3,405 |  |  | 2,867 |
Total |  | $ | 21,492 |  |  | $ | 20,334 |  |  | $ | (9,211) |  |  | $ | (8,976) |  |  | $ | (1,327) |  |  | $ | (1,254) |  |  | $ | (5,362) |  |  | $ | (5,001) |  |  | $ | 5,592 |  |  | $ | 5,103 |
Other |  | 8 |  |  | 7 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 21,500 |  |  | $ | 20,341 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate functions and plan benefit costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (93) |  |  | (146) |
Net interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (99) |  |  | (119) |
Share-based compensation (a) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (431) |  |  | (445) |
Amortization of Intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (840) |  |  | (943) |
Other, net (b) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (201) |  |  | (407) |
Earnings before Taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 3,928 |  |  | $ | 3,043 |
______________________________________
(a) | Approximately 45 percent of the annual net cost of share-based awards will typically be recognized in the first quarter due to the timing of the granting of share-based awards.
(b) | Other, net for the three and six months ended June 30, 2025 and 2024 includes charges related to restructurings, fair value adjustments to contingent consideration and integration costs related to business combinations. Other, net for the six months ended June 30, 2025 and 2024 also includes impairment charges related to various investments. Other, net for the three and six months ended June 30, 2024 also includes charges related to the impairment of IPR&D assets, as well as a loss on the divestiture of a non-core business.
|  | Depreciation |  | Additions to Property and Equipment
|  | Three Months Ended June 30, |  | Three Months Ended June 30,
(in millions) |  | 2025 |  | 2024 |  | 2025 |  | 2024
Established Pharmaceuticals |  | $ | 25 |  |  | $ | 24 |  |  | $ | 39 |  |  | $ | 37 |
Nutritionals |  | 44 |  |  | 39 |  |  | 81 |  |  | 103 |
Diagnostics |  | 135 |  |  | 129 |  |  | 166 |  |  | 169 |
Medical Devices |  | 94 |  |  | 87 |  |  | 145 |  |  | 158 |
Total Reportable Segments |  | 298 |  |  | 279 |  |  | 431 |  |  | 467 |
Other |  | 59 |  |  | 55 |  |  | 62 |  |  | 68 |
Total |  | $ | 357 |  |  | $ | 334 |  |  | $ | 493 |  |  | $ | 535 |
|  | Depreciation |  | Additions to Property and Equipment
|  | Six Months Ended June 30, |  | Six Months Ended June 30,
(in millions) |  | 2025 |  | 2024 |  | 2025 |  | 2024
Established Pharmaceuticals |  | $ | 48 |  |  | $ | 48 |  |  | $ | 72 |  |  | $ | 66 |
Nutritionals |  | 86 |  |  | 78 |  |  | 160 |  |  | 176 |
Diagnostics |  | 261 |  |  | 258 |  |  | 301 |  |  | 292 |
Medical Devices |  | 182 |  |  | 174 |  |  | 301 |  |  | 293 |
Total Reportable Segments |  | 577 |  |  | 558 |  |  | 834 |  |  | 827 |
Other |  | 116 |  |  | 109 |  |  | 122 |  |  | 117 |
Total |  | $ | 693 |  |  | $ | 667 |  |  | $ | 956 |  |  | $ | 944 |
|  | Total Assets
|  | As of June 30, |  | As of December 31,
(in millions) |  | 2025 |  | 2024
Established Pharmaceuticals |  | $ | 3,732 |  |  | $ | 3,087 |
Nutritionals |  | 4,910 |  |  | 4,404 |
Diagnostics |  | 8,177 |  |  | 7,678 |
Medical Devices |  | 10,555 |  |  | 9,472 |
Total Reportable Segment Assets |  | $ | 27,374 |  |  | $ | 24,641 |
Cash and investments |  | 8,240 |  |  | 8,853 |
Goodwill and intangible assets |  | 29,872 |  |  | 29,755 |
All other (c) |  | 18,513 |  |  | 18,165 |
Total Assets |  | $ | 83,999 |  |  | $ | 81,414 |
(c) | As of June 30, 2025 and December 31, 2024, all other includes the long-term assets associated with the defined benefit plans and certain deferred tax assets.

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- Definition The entire disclosure for reporting segments including data and tables. 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