Financial Instruments, Derivatives and Fair Value Measures (Tables)

6 Months Ended

Jun. 30, 2026

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 June 30, 2026, and December 31, 2025:


	Fair Value - Assets					Fair Value - Liabilities
(in millions)	June 30, 2026		December 31, 2025		Balance Sheet Caption	June 30, 2026		December 31, 2025		Balance Sheet Caption
Interest rate swaps designated as fair value hedges:
Non-current	$	—	$	—	Deferred income taxes and other assets	$	100	$	—	Post-employment obligations, deferred income taxes, and other long-term liabilities
Current	—		—		Prepaid expenses and other receivables	12		19		Other accrued liabilities
Foreign currency forward exchange contracts:
Hedging instruments	152		57		Prepaid expenses and other receivables	109		231		Other accrued liabilities
Others not designated as hedges	90		51		Prepaid expenses and other receivables	89		66		Other accrued liabilities
Debt designated as a hedge of net investment in a foreign subsidiary	—		—		n/a	568		589		Long-term debt
	$	242	$	108		$	878	$	905

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 June 30,				Six Months Ended June 30,				Three Months Ended June 30,				Six Months Ended June 30,
(in millions)	2026		2025		2026		2025		2026		2025		2026		2025		Income Statement Caption
Foreign currency forward exchange contracts designated as cash flow hedges	$	(19)	$	(209)	$	39	$	(303)	$	(67)	$	48	$	(137)	$	87	Cost of products sold
Debt designated as a hedge of net investment in a foreign subsidiary	9		(23)		21		(52)		—		—		—		—		n/a
Interest rate swaps designated as fair value hedges	n/a		n/a		n/a		n/a		(23)		14		(93)		17		Interest expense

Schedule of Carrying Values and Fair Values of Financial Instruments

The carrying values and fair values of certain financial instruments as of June 30, 2026, and December 31, 2025, 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.


	June 30, 2026				December 31, 2025
(in millions)	Carrying Value		Fair Value		Carrying Value		Fair Value
Long-term Investment Securities:
Equity securities	$	747	$	747	$	597	$	597
Other	364		364		321		321
Total Long-term Debt	(32,608)		(31,753)		(12,929)		(12,772)
Foreign Currency Forward Exchange Contracts:
Receivable position	242		242		108		108
(Payable) position	(198)		(198)		(297)		(297)
Interest Rate Hedge Contracts:
Receivable position	—		—		—		—
(Payable) position	(112)		(112)		(19)		(19)

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
June 30, 2026:
Equity securities	$	348	$	348	$	—	$	—
Foreign currency forward exchange contracts	242		—		242		—
Total Assets	$	590	$	348	$	242	$	—

Fair value of hedged long-term debt	$	4,041	$	—	$	4,041	$	—
Interest rate swap derivative financial instruments	112		—		112		—
Foreign currency forward exchange contracts	198		—		198		—
Contingent consideration	263		—		—		263
Total Liabilities	$	4,614	$	—	$	4,351	$	263

December 31, 2025:
Equity securities	$	342	$	342	$	—	$	—

Foreign currency forward exchange contracts	108		—		108		—
Total Assets	$	450	$	342	$	108	$	—

Fair value of hedged long-term debt	$	1,133	$	—	$	1,133	$	—
Interest rate swap derivative financial instruments	19		—		19		—
Foreign currency forward exchange contracts	297		—		297		—
Contingent consideration	1		—		—		1
Total Liabilities	$	1,450	$	—	$	1,449	$	1