| Revenue |
Note 3 — Revenue
Abbott’s revenues are derived primarily from the sale of a broad portfolio of healthcare products under short-term receivable arrangements. Abbott has four reportable segments: Established Pharmaceutical Products, Nutritional Products, Diagnostic Products, and Medical Devices.
The following tables provide detail by sales category:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2026 | | Three Months Ended June 30, 2025 | | (in millions) | | U.S. | | Int’l | | Total | | U.S. | | Int’l | | Total | | Established Pharmaceutical Products — | | | | | | | | | | | | | | Key Emerging Markets | | $ | — | | | $ | 1,164 | | | $ | 1,164 | | | $ | — | | | $ | 1,059 | | | $ | 1,059 | | | Other | | — | | | 335 | | | 335 | | | — | | | 324 | | | 324 | | | Total | | — | | | 1,499 | | | 1,499 | | | — | | | 1,383 | | | 1,383 | | | Nutritional Products — | | | | | | | | | | | | | | Pediatric Nutritionals | | 525 | | | 500 | | | 1,025 | | | 587 | | | 467 | | | 1,054 | | | Adult Nutritionals | | 346 | | | 773 | | | 1,119 | | | 370 | | | 788 | | | 1,158 | | | Total | | 871 | | | 1,273 | | | 2,144 | | | 957 | | | 1,255 | | | 2,212 | | | Diagnostic Products — | | | | | | | | | | | | | | Core Laboratory | | 377 | | | 1,041 | | | 1,418 | | | 351 | | | 1,007 | | | 1,358 | | | Rapid and Molecular | | 393 | | | 362 | | | 755 | | | 460 | | | 355 | | | 815 | | | Cancer Diagnostics | | 890 | | | 29 | | | 919 | | | — | | | — | | | — | | | Total | | 1,660 | | | 1,432 | | | 3,092 | | | 811 | | | 1,362 | | | 2,173 | | | Medical Devices — | | | | | | | | | | | | | | Rhythm Management | | 377 | | | 366 | | | 743 | | | 340 | | | 333 | | | 673 | | | Electrophysiology | | 420 | | | 441 | | | 861 | | | 362 | | | 393 | | | 755 | | | Heart Failure | | 313 | | | 88 | | | 401 | | | 282 | | | 86 | | | 368 | | | Vascular | | 294 | | | 509 | | | 803 | | | 283 | | | 474 | | | 757 | | | Structural Heart | | 225 | | | 372 | | | 597 | | | 249 | | | 332 | | | 581 | | | Neuromodulation | | 189 | | | 71 | | | 260 | | | 193 | | | 61 | | | 254 | | | Diabetes Care | | 862 | | | 1,326 | | | 2,188 | | | 794 | | | 1,187 | | | 1,981 | | | Total | | 2,680 | | | 3,173 | | | 5,853 | | | 2,503 | | | 2,866 | | | 5,369 | | | | | | | | | | | | | | | | Other | | 5 | | | — | | | 5 | | | 5 | | | — | | | 5 | | | | | | | | | | | | | | | | Total | | $ | 5,216 | | | $ | 7,377 | | | $ | 12,593 | | | $ | 4,276 | | | $ | 6,866 | | | $ | 11,142 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2026 | | Six Months Ended June 30, 2025 | | (in millions) | | U.S. | | Int’l | | Total | | U.S. | | Int’l | | Total | | Established Pharmaceutical Products — | | | | | | | | | | | | | | Key Emerging Markets | | $ | — | | | $ | 2,253 | | | $ | 2,253 | | | $ | — | | | $ | 2,024 | | | $ | 2,024 | | | Other | | — | | | 672 | | | 672 | | | — | | | 619 | | | 619 | | | Total | | — | | | 2,925 | | | 2,925 | | | — | | | 2,643 | | | 2,643 | | | Nutritional Products — | | | | | | | | | | | | | | Pediatric Nutritionals | | 1,036 | | | 942 | | | 1,978 | | | 1,175 | | | 920 | | | 2,095 | | | Adult Nutritionals | | 679 | | | 1,504 | | | 2,183 | | | 737 | | | 1,526 | | | 2,263 | | | Total | | 1,715 | | | 2,446 | | | 4,161 | | | 1,912 | | | 2,446 | | | 4,358 | | | Diagnostic Products — | | | | | | | | | | | | | | Core Laboratory | | 724 | | | 1,966 | | | 2,690 | | | 683 | | | 1,852 | | | 2,535 | | | Rapid and Molecular | | 858 | | | 709 | | | 1,567 | | | 999 | | | 693 | | | 1,692 | | | Cancer Diagnostics | | 983 | | | 32 | | | 1,015 | | | — | | | — | | | — | | | Total | | 2,565 | | | 2,707 | | | 5,272 | | | 1,682 | | | 2,545 | | | 4,227 | | | Medical Devices — | | | | | | | | | | | | | | Rhythm Management | | 716 | | | 711 | | | 1,427 | | | 644 | | | 614 | | | 1,258 | | | Electrophysiology | | 798 | | | 851 | | | 1,649 | | | 695 | | | 735 | | | 1,430 | | | Heart Failure | | 605 | | | 185 | | | 790 | | | 544 | | | 163 | | | 707 | | | Vascular | | 585 | | | 995 | | | 1,580 | | | 551 | | | 916 | | | 1,467 | | | Structural Heart | | 449 | | | 726 | | | 1,175 | | | 497 | | | 615 | | | 1,112 | | | Neuromodulation | | 366 | | | 137 | | | 503 | | | 369 | | | 113 | | | 482 | | | Diabetes Care | | 1,684 | | | 2,584 | | | 4,268 | | | 1,542 | | | 2,266 | | | 3,808 | | | Total | | 5,203 | | | 6,189 | | | 11,392 | | | 4,842 | | | 5,422 | | | 10,264 | | | | | | | | | | | | | | | | Other | | 7 | | | — | | | 7 | | | 8 | | | — | | | 8 | | | | | | | | | | | | | | | | Total | | $ | 9,490 | | | $ | 14,267 | | | $ | 23,757 | | | $ | 8,444 | | | $ | 13,056 | | | $ | 21,500 | |
___________________________________ | | | | | | | Notes: | Abbott's Amplatzer Amulet Left Atrial Appendage Occluder device and related accessories were transferred from Structural Heart to Electrophysiology on January 1, 2026. As a result, $55 million of sales in the second quarter of 2025 and $101 million of sales in the first six months of 2025 were moved from Structural Heart to Electrophysiology. | | Beginning in 2026, Abbott aggregated its previously reported Rapid Diagnostics, Molecular Diagnostics, and Point of Care businesses into the Rapid and Molecular Diagnostics business. | | On March 23, 2026, Abbott completed the acquisition of Exact Sciences Corporation (Exact Sciences). Following the acquisition, the sales of Exact Sciences are presented as Cancer Diagnostics. |
Remaining Performance Obligations
As of June 30, 2026, the estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) was $6.2 billion in the Diagnostic Products segment, $455 million in the Medical Devices segment, and $243 million in the Established Pharmaceuticals Products segment. Abbott expects to recognize revenue on approximately 52 percent of these remaining performance obligations over the next 24 months, approximately 18 percent over the subsequent 12 months, and the remainder thereafter.
These performance obligations primarily reflect the future sale of products in contracts with minimum purchase obligations, extended warranty or service obligations related to previously sold equipment, and remote monitoring services related to previously implanted devices. Abbott has applied the practical expedient described in FASB Accounting Standards Codification (ASC) 606-10-50-14 and has not included remaining performance obligations related to contracts with original expected durations of one year or less in the amounts above.
Other Contract Assets and Liabilities
Abbott discloses Trade receivables separately in the Condensed Consolidated Balance Sheet at the net amount expected to be collected. Contract assets primarily relate to Abbott’s conditional right to consideration for work completed but not billed at the reporting date. Contract assets at the beginning and the end of the period, as well as the changes in the balance, were not significant.
Contract liabilities primarily relate to payments received from customers in advance of performance under the contract. Abbott’s contract liabilities arise primarily in the Medical Devices segment when payment is received upfront for various multi-period extended service arrangements.
Changes in the contract liabilities during the period are as follows:
| | | | | | | | | | (in millions) | | | | Contract Liabilities: | | | | Balance at December 31, 2025 | | $ | 633 | | | Unearned revenue from cash received during the period | | 271 | | | Revenue recognized related to contract liability balance | | (244) | | | Balance at June 30, 2026 | | $ | 660 | |
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