Company: ABBV
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0001551152-25-000020
Chunk: 347

Company: AbbVie Inc.
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 347
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 actuarial loss(17)(12)(26)Total loss (gain)$(43)$113 $(219)Net Periodic Benefit Costyears ended December 31 (in millions)202420232022Defined benefit plansService cost$286 $270 $454 Interest cost451 432 297 Expected return on plan assets(785)(723)(712)Amortization of prior service cost— 1 2 Amortization of actuarial loss52 16 231 Net periodic benefit cost (credit)$4 $(4)$272 Other post-employment plansService cost$43 $37 $51 Interest cost41 37 23 Amortization of prior service credit(36)(36)(38)Amortization of actuarial loss17 12 26 Net periodic benefit cost$65 $50 $62 The components of net periodic benefit cost other than service cost are included in other expense, net in the consolidated statements of earnings.

85     |  2024 Form 10-K

Weighted-Average Assumptions Used in Determining Benefit Obligations at the Measurement Dateas of December 3120242023Defined benefit plansDiscount rate5.4 %4.8 %Rate of compensation increases4.4 %4.8 %Cash balance interest crediting rate4.0 %4.4 %Other post-employment plansDiscount rate5.7 %5.1 %The assumptions used in calculating the December 31, 2024 measurement date benefit obligations will be used in the calculation of net periodic benefit cost in 2025.Weighted-Average Assumptions Used in Determining Net Periodic Benefit Costyears ended December 31202420232022Defined benefit plansDiscount rate for determining service cost4.8 %5.0 %3.0 %Discount rate for determining interest cost4.8 %4.9 %2.6 %Expected long-term rate of return on plan assets7.5 %7.3 %7.1 %Expected rate of change in compensation4.4 %4.8 %5.2 %Cash balance interest crediting rate4.4 %2.7 %2.7 %Other post-employment plansDiscount rate for determining service cost5.2 %5.3 %3.3 %Discount rate for determining interest cost4.9