v3.22.4
Post-Employment Benefits (Tables)
 12 Months Ended
Dec. 31, 2022
Postemployment Benefits [Abstract]  
Schedule of benefit plan information The following table summarizes benefit plan information for the global AbbVie-sponsored defined benefit and other post-employment plans:
Defined benefit plansOther post-employment plans
as of and for the years ended December 31 (in millions)2022202120222021
Projected benefit obligations
Beginning of period$12,006 $11,792 $850 $795 
Service cost454 440 51 48 
Interest cost297 237 23 19 
Employee contributions1 2 — — 
Amendments— — (2)— 
Actuarial (gain) loss(3,668)(8)(229)10 
Benefits paid(294)(281)(25)(22)
Other, primarily foreign currency translation adjustments(208)(176)(1)— 
End of period8,588 12,006 667 850 
Fair value of plan assets
Beginning of period10,655 9,702 — — 
Actual return on plan assets(2,031)1,000 — — 
Company contributions357 376 25 22 
Employee contributions1 2 — — 
Benefits paid(294)(281)(25)(22)
Other, primarily foreign currency translation adjustments(216)(144)— — 
End of period8,472 10,655 — — 
Funded status, end of period$(116)$(1,351)$(667)$(850)
Amounts recognized on the consolidated balance sheets
Other assets$896 $991 $— $— 
Accounts payable and accrued liabilities(14)(13)(27)(26)
Other long-term liabilities(998)(2,329)(640)(824)
Net obligation$(116)$(1,351)$(667)$(850)
Actuarial loss, net$2,365 $3,504 $205 $461 
Prior service cost (credit)3 5 (333)(370)
Accumulated other comprehensive loss$2,368 $3,509 $(128)$91 
Information For Pension Plans With An Accumulated Benefit Obligation In Excess Of Plan Assets Information For Pension Plans With An Accumulated Benefit Obligation In Excess Of Plan Assets
as of December 31 (in millions)20222021
Accumulated benefit obligation$1,211 $6,395 
Fair value of plan assets746 5,412 
Information For Pension Plans With A Projected Benefit Obligation In Excess Of Plan Assets Information For Pension Plans With A Projected Benefit Obligation In Excess Of Plan Assets
as of December 31 (in millions)20222021
Projected benefit obligation$5,592 $7,788 
Fair value of plan assets4,580 5,447 
Summary of pretax gains and losses included in other comprehensive income (loss) The following table summarizes the pre-tax losses (gains) included in other comprehensive income:
years ended December 31 (in millions)202220212020
Defined benefit plans
Actuarial loss (gain)$(925)$(345)$701 
Amortization of prior service cost(2)(2)(2)
Amortization of actuarial loss(231)(288)(227)
Foreign exchange loss (gain) and other17 (27)56 
Total loss (gain)$(1,141)$(662)$528 
Other post-employment plans
Actuarial loss (gain)$(229)$10 $40 
Prior service credit(2)— (397)
Amortization of prior service credit38 39 4 
Amortization of actuarial loss(26)(32)(26)
Total loss (gain)$(219)$17 $(379)
Summary of net periodic benefit cost relating to the company's defined benefit and other post-employment plans Net Periodic Benefit Cost
years ended December 31 (in millions)202220212020
Defined benefit plans
Service cost$454 $440 $370 
Interest cost297 237 264 
Expected return on plan assets(712)(663)(575)
Amortization of prior service cost2 2 2 
Amortization of actuarial loss231 288 227 
Net periodic benefit cost$272 $304 $288 
Other post-employment plans
Service cost$51 $48 $42 
Interest cost23 19 34 
Amortization of prior service credit(38)(39)(4)
Amortization of actuarial loss26 32 26 
Net periodic benefit cost$62 $60 $98 
Schedule of weighted-average assumptions used in determining benefit obligations at the measurement date Weighted-Average Assumptions Used in Determining Benefit Obligations at the Measurement Date
as of December 3120222021
Defined benefit plans
Discount rate5.0 %2.8 %
Rate of compensation increases5.5 %5.2 %
Cash balance interest crediting rate2.7 %2.7 %
Other post-employment plans
Discount rate5.3 %3.1 %
Schedule of weighted-average assumptions used in determining net periodic benefit cost Weighted-Average Assumptions Used in Determining Net Periodic Benefit Cost
years ended December 31202220212020
Defined benefit plans
Discount rate for determining service cost3.0 %2.6 %3.1 %
Discount rate for determining interest cost2.6 %2.2 %3.0 %
Expected long-term rate of return on plan assets7.1 %7.1 %7.1 %
Expected rate of change in compensation5.2 %4.6 %4.6 %
Cash balance interest crediting rate2.7 %2.8 %2.8 %
Other post-employment plans
Discount rate for determining service cost3.3 %3.0 %3.7 %
Discount rate for determining interest cost2.7 %2.2 %3.2 %
Schedule of defined benefit pension plan assets
Defined Benefit Pension Plan Assets
Basis of fair value measurement
as of December 31 (in millions)2022Quoted prices in active markets for identical assets
 (Level 1)		Significant other observable inputs
 (Level 2)		Significant unobservable inputs
 (Level 3)
Equities
U.S. large cap(a)
$949 $949 $— $— 
U.S. mid cap(b)
157 157 — — 
International(c)
327 327 — — 
Fixed income securities
U.S. government securities(d)
237 69 168 — 
Corporate debt instruments(d)
680 144 536 — 
Non-U.S. government securities(d)
548 402 146 — 
Other(d)
84 81 3 — 
Absolute return funds(e)
91 4 87 — 
Real assets9 9 — — 
Other(f)
278 277 1 — 
Total$3,360 $2,419 $941 $— 
Total assets measured at NAV5,112 
Fair value of plan assets$8,472 
Basis of fair value measurement
as of December 31 (in millions)2021Quoted prices in active markets for identical assets
 (Level 1)		Significant other observable inputs
 (Level 2)		Significant unobservable inputs
 (Level 3)
Equities
U.S. large cap(a)
$1,428 $1,428 $— $— 
U.S. mid cap(b)
198 198 — — 
International(c)
458 458 — — 
Fixed income securities
U.S. government securities(d)
228 95 133 — 
Corporate debt instruments(d)
945 179 766 — 
Non-U.S. government securities(d)
602 445 157 — 
Other(d)
273 268 5 — 
Absolute return funds(e)
100 5 95 — 
Real assets10 10 — — 
Other(f)
261 216 45 — 
Total$4,503 $3,302 $1,201 $— 
Total assets measured at NAV6,152 
Fair value of plan assets$10,655 
(a)A mix of index funds and actively managed equity accounts that are benchmarked to various large cap indices.
(b)A mix of index funds and actively managed equity accounts that are benchmarked to various mid cap indices.
(c)A mix of index funds and actively managed equity accounts that are benchmarked to various non-U.S. equity indices in both developed and emerging markets.
(d)Securities held by actively managed accounts, index funds and mutual funds.
(e)Primarily funds having global mandates with the flexibility to allocate capital broadly across a wide range of asset classes and strategies, including but not limited to equities, fixed income, commodities, financial futures, currencies and other securities, with objectives to outperform agreed upon benchmarks of specific return and volatility targets.
(f)Investments in cash and cash equivalents.
Schedule of expected benefit payments
Expected Benefit Payments
The following table summarizes total benefit payments expected to be paid to plan participants including payments funded from both plan and company assets:
years ending December 31 (in millions)Defined
 benefit plans		Other
 post-employment plans
2023$310 $28 
2024333 31 
2025355 34 
2026378 37 
2027404 39 
2028 to 20322,427 244