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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 - AssetsFair Value - Liabilities
(in millions)September 30, 2025December 31, 2024Balance Sheet CaptionSeptember 30, 2025December 31, 2024Balance 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 instruments30 243 Prepaid expenses and other receivables247 19 Other accrued liabilities
Others not designated as hedges25 147 Prepaid expenses and other receivables57 112 Other accrued liabilities
Debt designated as a hedge of net investment in a foreign subsidiary— — n/a619 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)20252024202520242025202420252024Income 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 subsidiary16 (73)(36)(26)— — — — n/a
Interest rate swaps designated as fair value hedgesn/an/an/an/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, 2025December 31, 2024
(in millions)
Carrying Value
Fair Value
Carrying Value
Fair Value
Long-term Investment Securities:
Equity securities$633 $633 $553 $553 
Other318 318 333 333 
Total Long-term Debt(12,941)(12,839)(14,125)(13,710)
Foreign Currency Forward Exchange Contracts:   
Receivable position55 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 contracts55 — 55 — 
Total Assets$407 $352 $55 $— 
Fair value of hedged long-term debt$1,126 $— $1,126 $— 
Interest rate swap derivative financial instruments34 — 34 — 
Foreign currency forward exchange contracts304 — 304 — 
Contingent consideration related to business combinations1 — — 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 contracts390 — 390 — 
Total Assets$714 $323 $391 $— 
Fair value of hedged long-term debt$2,096 $— $2,096 $— 
Interest rate swap derivative financial instruments51 — 51 — 
Foreign currency forward exchange contracts131 — 131 — 
Contingent consideration related to business combinations38 — — 38 
Total Liabilities$2,316 $— $2,278 $38