XML 42 R31.htm IDEA: XBRL DOCUMENT
v3.25.3

Financial Instruments, Derivatives and Fair Value Measures (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Amounts and Location of Derivative and Non-Derivative Financial Instruments | The following table summarizes the amounts and location of certain derivative and non-derivative financial instruments as of September 30, 2025, and December 31, 2024:
|  | Fair Value - Assets |  | Fair Value - Liabilities
(in millions) |  | September 30, 2025 |  | December 31, 2024 |  | Balance Sheet Caption |  | September 30, 2025 |  | December 31, 2024 |  | Balance Sheet Caption
Interest rate swaps designated as fair value hedges: |  |  |  |  |  |  |  |  |  |  |  |
Non-current |  | $ | — |  |  | $ | — |  |  | Deferred income taxes and other assets |  | $ | 34 |  |  | $ | 51 |  |  | Post-employment obligations, deferred income taxes and other long-term liabilities
Current |  | — |  |  | 1 |  |  | Prepaid expenses and other receivables |  | — |  |  | — |  |  | Other accrued liabilities
Foreign currency forward exchange contracts: |  |  |  |  |  |  |  |  |  |  |  |
Hedging instruments |  | 30 |  |  | 243 |  |  | Prepaid expenses and other receivables |  | 247 |  |  | 19 |  |  | Other accrued liabilities
Others not designated as hedges |  | 25 |  |  | 147 |  |  | Prepaid expenses and other receivables |  | 57 |  |  | 112 |  |  | Other accrued liabilities
Debt designated as a hedge of net investment in a foreign subsidiary |  | — |  |  | — |  |  | n/a |  | 619 |  |  | 583 |  |  | Long-term debt
|  | $ | 55 |  |  | $ | 391 |  |  |  |  | $ | 957 |  |  | $ | 765 |  |  |
Schedule of Activity for Foreign Currency Forward Exchange Contracts Designated as Cash Flow Hedges and Certain Other Derivative Financial Instruments | The following table summarizes the activity for foreign currency forward exchange contracts designated as cash flow hedges and certain other derivative financial instruments, as well as the amounts and location of income (expense) and gain (loss) reclassified into income.
|  | Gain (loss) Recognized in Other Comprehensive Income (loss) |  | Income (expense) and Gain (loss) Reclassified into Income |  |
|  | Three Months Ended September 30, |  | Nine Months Ended September 30, |  | Three Months Ended September 30, |  | Nine Months Ended September 30, |  |
(in millions) |  | 2025 |  | 2024 |  | 2025 |  | 2024 |  | 2025 |  | 2024 |  | 2025 |  | 2024 |  | Income Statement Caption
Foreign currency forward exchange contracts designated as cash flow hedges |  | $ | 33 |  |  | $ | (199) |  |  | $ | (270) |  |  | $ | 39 |  |  | $ | (13) |  |  | $ | 42 |  |  | $ | 74 |  |  | $ | 85 |  |  | Cost of products sold
Debt designated as a hedge of net investment in a foreign subsidiary |  | 16 |  |  | (73) |  |  | (36) |  |  | (26) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | n/a
Interest rate swaps designated as fair value hedges |  | n/a |  | n/a |  | n/a |  | n/a |  | — |  |  | 24 |  |  | 17 |  |  | 28 |  |  | Interest expense
Schedule of Carrying Values and Fair Values of Financial Instruments | The carrying values and fair values of certain financial instruments as of September 30, 2025, and December 31, 2024, are shown in the following table. The carrying values of all other financial instruments approximate their estimated fair values. The counterparties to financial instruments consist of select major international financial institutions. Abbott does not expect any losses from non-performance by these counterparties.
|  | September 30, 2025 |  | December 31, 2024
(in millions) |  | Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
Long-term Investment Securities: |  |  |  |  |  |  |  |
Equity securities |  | $ | 633 |  |  | $ | 633 |  |  | $ | 553 |  |  | $ | 553 |
Other |  | 318 |  |  | 318 |  |  | 333 |  |  | 333 |
Total Long-term Debt |  | (12,941) |  |  | (12,839) |  |  | (14,125) |  |  | (13,710) |
Foreign Currency Forward Exchange Contracts: |  |  |  |  |  |  |  |
Receivable position |  | 55 |  |  | 55 |  |  | 390 |  |  | 390 |
(Payable) position |  | (304) |  |  | (304) |  |  | (131) |  |  | (131) |
Interest Rate Hedge Contracts: |  |  |  |  |  |  |  |
Receivable position |  | — |  |  | — |  |  | 1 |  |  | 1 |
(Payable) position |  | (34) |  |  | (34) |  |  | (51) |  |  | (51) |
Schedule of Bases Used to Measure Assets and Liabilities at Fair Value on a Recurring Basis | The following table summarizes the bases used to measure certain assets and liabilities at fair value on a recurring basis in the balance sheet:
|  |  |  | Basis of Fair Value Measurement
(in millions) |  | Outstanding Balances |  | Quoted Prices in Active Markets |  | Significant Other Observable Inputs |  | Significant Unobservable Inputs
September 30, 2025: |  |  |  |  |  |  |  |
Equity securities |  | $ | 352 |  |  | $ | 352 |  |  | $ | — |  |  | $ | — |
Foreign currency forward exchange contracts |  | 55 |  |  | — |  |  | 55 |  |  | — |
Total Assets |  | $ | 407 |  |  | $ | 352 |  |  | $ | 55 |  |  | $ | — |
Fair value of hedged long-term debt |  | $ | 1,126 |  |  | $ | — |  |  | $ | 1,126 |  |  | $ | — |
Interest rate swap derivative financial instruments |  | 34 |  |  | — |  |  | 34 |  |  | — |
Foreign currency forward exchange contracts |  | 304 |  |  | — |  |  | 304 |  |  | — |
Contingent consideration related to business combinations |  | 1 |  |  | — |  |  | — |  |  | 1 |
Total Liabilities |  | $ | 1,465 |  |  | $ | — |  |  | $ | 1,464 |  |  | $ | 1 |
December 31, 2024: |  |  |  |  |  |  |  |
Equity securities |  | $ | 323 |  |  | $ | 323 |  |  | $ | — |  |  | $ | — |
Interest rate swap derivative financial instruments |  | 1 |  |  | — |  |  | 1 |  |  | — |
Foreign currency forward exchange contracts |  | 390 |  |  | — |  |  | 390 |  |  | — |
Total Assets |  | $ | 714 |  |  | $ | 323 |  |  | $ | 391 |  |  | $ | — |
Fair value of hedged long-term debt |  | $ | 2,096 |  |  | $ | — |  |  | $ | 2,096 |  |  | $ | — |
Interest rate swap derivative financial instruments |  | 51 |  |  | — |  |  | 51 |  |  | — |
Foreign currency forward exchange contracts |  | 131 |  |  | — |  |  | 131 |  |  | — |
Contingent consideration related to business combinations |  | 38 |  |  | — |  |  | — |  |  | 38 |
Total Liabilities |  | $ | 2,316 |  |  | $ | — |  |  | $ | 2,278 |  |  | $ | 38 |

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

X
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Name Accounting Standards Codification -Section 55 -Paragraph 10 -SubTopic 10 -Topic 825 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482881/825-10-55-10 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-13 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482881/825-10-55-12 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4CC -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4CC Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 182 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480401/815-10-55-182 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration