Company: ABBV
Filing Date: 2025-06-13
Form Type: 11-K
Source: 0001104659-25-059360
Chunk: 21

Company: AbbVie Inc.
Filing Date: 2025-06-13
Form: 11-K
Chunk 21
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 the fair value of investments:

- Valued at its holding amount.

- Valued at the published net asset value (“NAV”) or market price per share.

-
Include various securities, mainly consisting of cash and cash equivalents, common stock, and exchange-traded funds, which are valued
at the closing price reported in the active market in which the securities are traded.

The fair value hierarchy under the accounting
standard for fair value measurements consists of the following three levels:

| · | Level 1 – Valuations based on unadjusted quoted prices in active markets for identical assets that                                             
 the Plan has the ability to access;                                                                                                            |
| · | Level 2 – Valuations based on quoted prices for similar instruments in active markets, quoted prices                                           
 for identical or similar instruments in markets that are not active, and model-based valuations in which all significant inputs are observable 
 in the market; and                                                                                                                             |
| · | Level 3 – Valuations using significant inputs that are unobservable in the market and include the                                              
 use of judgment by the company’s management about the assumptions market participants would use in pricing the asset or liability.             |

<div align='center'>11</div>

AbbVie Puerto Rico Savings Plan

NOTES TO FINANCIAL STATEMENTS - CONTINUED

December 31, 2024 and 2023

NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued

Investment Valuation - Continued

The following tables set forth the fair value hierarchy levels of the
Plan’s assets at fair value at December 31, (dollars in thousands):

| 2024                             |     | Basis of Fair Value Measurement 
 Level 1                         |         |     | Level 2 |   |     | Level 3 |   |     | Total |         |
|:---------------------------------|:----|:--------------------------------|--------:|:----|:--------|:--|:----|:--------|:--|:----|:------|--------:|
| Common stock                     |     | $                               | 276,713 |     | $       | - |     | $       | - |     | $     | 276,713 |
| Mutual funds                     |     |                                 |  41,065 |     |         | - |     |         | - |     |       |  41,065 |
| Collective trust funds           |     |                                 | 233,155 |     |         | - |     |