v3.25.4
Post-Employment Benefits (Tables)
 12 Months Ended
Dec. 31, 2025
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)2025202420252024
Projected benefit obligations
Beginning of period$8,964 $9,544 $786 $796 
Service cost264 286 40 43 
Interest cost484 451 44 41 
Actuarial (gain) loss124 (855)(12)(62)
Benefits paid(371)(347)(37)(31)
Other, primarily foreign currency translation adjustments193 (115)1 (1)
End of period9,658 8,964 822 786 
Fair value of plan assets
Beginning of period10,551 9,839 — — 
Actual return on plan assets1,434 865 — — 
Company contributions348 326 37 31 
Benefits paid(371)(347)(37)(31)
Other, primarily foreign currency translation adjustments242 (132)— — 
End of period12,204 10,551 — — 
Funded status, end of period$2,546 $1,587 $(822)$(786)
Amounts recognized on the consolidated balance sheets
Other assets$3,196 $2,097 $— $— 
Accounts payable and accrued liabilities(23)(20)(39)(42)
Other long-term liabilities(627)(490)(783)(744)
Net asset (obligation)$2,546 $1,587 $(822)$(786)
Actuarial loss, net$770 $1,303 $181 $203 
Prior service cost (credit)1 1 (225)(261)
Accumulated other comprehensive loss (income)$771 $1,304 $(44)$(58)
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)20252024
Accumulated benefit obligation$647 $527 
Fair value of plan assets99 94 
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)20252024
Projected benefit obligation$749 $775 
Fair value of plan assets99 265 
Summary of pretax gains and losses included in other comprehensive income (loss)
The following table summarizes the pre-tax losses (gains) included in other comprehensive income (loss):
years ended December 31 (in millions)202520242023
Defined benefit plans
Actuarial gain$(478)$(935)$(16)
Amortization of prior service cost— — (1)
Amortization of actuarial loss(31)(52)(16)
Foreign exchange gain and other(24)— (44)
Total gain$(533)$(987)$(77)
Other post-employment plans
Actuarial loss (gain)$(12)$(62)$89 
Amortization of prior service credit36 36 36 
Amortization of actuarial loss(10)(17)(12)
Total loss (gain)$14 $(43)$113 
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)202520242023
Defined benefit plans
Service cost$264 $286 $270 
Interest cost484 451 432 
Expected return on plan assets(832)(785)(723)
Amortization of prior service cost— — 1 
Amortization of actuarial loss31 52 16 
Net periodic benefit cost (credit)$(53)$4 $(4)
Other post-employment plans
Service cost$40 $43 $37 
Interest cost44 41 37 
Amortization of prior service credit(36)(36)(36)
Amortization of actuarial loss10 17 12 
Net periodic benefit cost$58 $65 $50 
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 3120252024
Defined benefit plans
Discount rate5.5%5.4%
Rate of compensation increases4.1%4.4%
Cash balance interest crediting rate5.0%4.0%
Other post-employment plans
Discount rate5.6%5.7%
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 31202520242023
Defined benefit plans
Discount rate for determining service cost5.4%4.8%5.0%
Discount rate for determining interest cost5.2%4.8%4.9%
Expected long-term rate of return on plan assets7.6%7.5%7.3%
Expected rate of change in compensation4.1%4.4%4.8%
Cash balance interest crediting rate4.0%4.4%2.7%
Other post-employment plans
Discount rate for determining service cost5.9%5.2%5.3%
Discount rate for determining interest cost5.5%4.9%5.1%
Schedule of defined benefit pension plan assets
Defined Benefit Pension Plan Assets
December 31, 2025December 31, 2024
Basis of fair value measurementBasis of fair value measurement
as of December 31 (in millions)TotalLevel 1Level 2Level 3TotalLevel 1Level 2Level 3
Equities
U.S. large cap(a)
$1,376 $1,376 $— $— $1,131 $1,131 $— $— 
U.S. mid cap(b)
130 130 — — 176 176 — — 
International(c)
573 573 — — 408 408 — — 
Fixed income securities
U.S. government(d)
405 6 399 — 414 18 396 — 
Corporate debt(d)
668 84 584 — 609 29 580 — 
Non-U.S. government(d)
447 146 301 — 346 183 163 — 
Other(d)
56 51 5 — 20 15 5 — 
Absolute return funds(e)
152 20 132 — 176 82 94 — 
Other(f)
468 467 1 — 351 350 1 — 
Total$4,275 $2,853 $1,422 $— $3,631 $2,392 $1,239 $— 
Total assets measured at NAV7,929 6,920 
Fair value of plan assets$12,204 $10,551 
(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 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
2026$396 $39 
2027422 43 
2028449 47 
2029482 51 
2030517 55 
2031 to 20353,054 342