Company: ABBV
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0001551152-25-000020
Chunk: 129

Company: AbbVie Inc.
Filing Date: 2025-02-14
Form: 10-K
Item: Item 3
Chunk 129
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 return on plan assets865 1,230 — — Company contributions326 366 31 35 Benefits paid(347)(316)(31)(35)Other, primarily foreign currency translation adjustments(132)87 — — End of period10,551 9,839 — — Funded status, end of period$1,587 $295 $(786)$(796)Amounts recognized on the consolidated balance sheetsOther assets$2,097 $1,086 $— $— Accounts payable and accrued liabilities(20)(17)(42)(32)Other long-term liabilities(490)(774)(744)(764)Net asset (obligation)$1,587 $295 $(786)$(796)Actuarial loss, net$1,303 $2,290 $203 $282 Prior service cost (credit)1 1 (261)(297)Accumulated other comprehensive loss (income)$1,304 $2,291 $(58)$(15)Related to international defined benefit plans the projected benefit obligations in the table above included $2.2 billion at December 31, 2024 and $2.4 billion at December 31, 2023.For plans reflected in the table above, the accumulated benefit obligations were $8.1 billion at December 31, 2024 and $8.6 billion at December 31, 2023. The 2024 actuarial gain of $855 million for qualified pension plans and actuarial gain of $62 million for other post-employment plans were primarily driven by an increase in the discount rate. The 2023 actuarial loss of $491 million for qualified pension plans and actuarial loss of $89 million for other post-employment plans were primarily driven by a decrease in the discount rate and changes to experience impact and medical trends assumptions.

2024 Form 10-K   |  84

Information For Pension Plans With An Accumulated Benefit Obligation In Excess Of Plan Assetsas of December 31 (in millions)20242023Accumulated benefit obligation$527 $1,410 Fair value of plan assets94 890 Information For Pension Plans With A Projected Benefit Obligation In Excess Of Plan Assetsas of December 31 (in millions)20242023Projected benefit obligation$775 $6,343 Fair value