v3.20.4
Debt, Credit Facilities, and Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2020
Debt, Credit Facilities, and Commitments and Contingencies  
Summary of long-term debt
The following table summarizes long-term debt:
as of December 31 (dollars in millions)
Effective
interest rate
in 2020(a)
2020
Effective
interest rate
in 2019(a)
2019
Senior notes issued in 2012
2.90% notes due 2022
2.97 %$3,100 2.97 %$3,100 
4.40% notes due 2042
4.46 %2,600 4.46 %2,600 
Senior notes issued in 2015
2.50% notes due 2020
2.65 %— 2.65 %3,750 
3.20% notes due 2022
3.28 %1,000 3.28 %1,000 
3.60% notes due 2025
3.66 %3,750 3.66 %3,750 
4.50% notes due 2035
4.58 %2,500 4.58 %2,500 
4.70% notes due 2045
4.73 %2,700 4.73 %2,700 
Senior notes issued in 2016
2.30% notes due 2021
2.40 %1,800 2.40 %1,800 
2.85% notes due 2023
2.91 %1,000 2.91 %1,000 
3.20% notes due 2026
3.28 %2,000 3.28 %2,000 
4.30% notes due 2036
4.37 %1,000 4.37 %1,000 
4.45% notes due 2046
4.50 %2,000 4.50 %2,000 
Senior Euro notes issued in 2016
1.375% notes due 2024 (€1,450 principal)
1.46 %1,783 1.46 %1,625 
2.125% notes due 2028 (€750 principal)
2.18 %922 2.18 %840 
Senior notes issued in 2018
3.375% notes due 2021
3.51 %1,250 3.51 %1,250 
3.75% notes due 2023
3.84 %1,250 3.84 %1,250 
4.25% notes due 2028
4.38 %1,750 4.38 %1,750 
4.875% notes due 2048
4.94 %1,750 4.94 %1,750 
Senior Euro notes issued in 2019
0.75% notes due 2027 (€750 principal)
0.86 %922 0.86 %840 
1.25% notes due 2031 (€650 principal)
1.30 %799 1.30 %728 
Senior notes issued in 2019
Floating rate notes due May 20211.33 %750 2.08 %750 
Floating rate notes due November 20211.42 %750 2.12 %750 
Floating rate notes due 20221.62 %750 2.29 %750 
2.15% notes due 2021
2.23 %1,750 2.23 %1,750 
2.30% notes due 2022
2.42 %3,000 2.42 %3,000 
2.60% notes due 2024
2.69 %3,750 2.69 %3,750 
2.95% notes due 2026
3.02 %4,000 3.02 %4,000 
3.20% notes due 2029
3.25 %5,500 3.25 %5,500 
4.05% notes due 2039
4.11 %4,000 4.11 %4,000 
4.25% notes due 2049
4.29 %5,750 4.29 %5,750 
Term loan facilities
Floating rate notes due 20231.29 %1,000 — %— 
Floating rate notes due 20251.42 %2,000 — %— 
Senior notes acquired in 2020
5.000% notes due 2021
1.59 %1,200 — %— 
3.450% notes due 2022
1.89 %2,878 — %— 
3.250% notes due 2022
1.85 %1,700 — %— 
2.800% notes due 2023
2.08 %350 — %— 
3.850% notes due 2024
1.98 %1,032 — %— 
3.800% notes due 2025
2.00 %3,021 — %— 
4.550% notes due 2035
3.43 %1,789 — %— 
4.625% notes due 2042
3.93 %457 — %— 
4.850% notes due 2044
4.02 %1,074 — %— 
4.750% notes due 2045
4.13 %881 — %— 
as of December 31 (dollars in millions)
Effective
interest rate
in 2020(a)
2020
Effective
interest rate
in 2019(a)
2019
Senior Euro notes acquired in 2020
0.500% notes due 2021 (€750 principal)
0.68 %922 — %— 
1.500% notes due 2023 (€500 principal)
0.48 %615 — %— 
1.250% notes due 2024 (€700 principal)
0.64 %861 — %— 
2.625% notes due 2028 (€500 principal)
1.18 %615 — %— 
2.125% notes due 2029 (€550 principal)
1.18 %677 — %— 
Other29 27 
Fair value hedges278 (48)
Unamortized bond discounts(146)(161)
Unamortized deferred financing costs(287)(323)
Unamortized bond premiums (b)
1,200 — 
Total long-term debt and finance lease obligations86,022 66,728 
Current portion8,468 3,753 
Noncurrent portion$77,554 $62,975 
(a)Excludes the effect of any related interest rate swaps.
(b)Represents unamortized purchase price adjustments of Allergan debt.
Summary of maturities of long-term debt
The following table summarizes AbbVie's debt maturities as of December 31, 2020:
as of and for the years ending December 31 (in millions)
2021$8,422 
202212,428 
20234,215 
20247,426 
20258,771 
Thereafter43,686 
Total obligations and commitments84,948 
Fair value hedges, unamortized bond premiums and discounts, deferred financing costs and finance
lease obligations		1,074 
Total long-term debt and finance lease obligations$86,022