Company: ABBV
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001551152-25-000049
Chunk: 42

Company: AbbVie Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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 consists of the following three levels:•Level 1 – Valuations based on unadjusted quoted prices in active markets for identical assets that the company 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.The following table summarizes the bases used to measure certain assets and liabilities carried at fair value on a recurring basis on the condensed consolidated balance sheet as of September 30, 2025:Basis of fair value measurement(in millions)TotalQuoted prices in active markets for identical assets (Level 1)Significant other observable inputs (Level 2)Significant unobservable inputs (Level 3)AssetsCash and equivalents$5,629 $5,283 $346 $— Money market funds and time deposits10 — 10 — Debt securities34 — 34 — Equity securities117 81 36 — Interest rate swap contracts67 — 67 — Foreign currency contracts58 — 58 — Total assets$5,915 $5,364 $551 $— LiabilitiesInterest rate swap contracts$106 $— $106 $— Foreign currency contracts584 — 584 — Financing liability365 — — 365 Contingent consideration24,649 — — 24,649 Total liabilities$25,704 $— $690 $25,014 

2025 Form 10-Q | 14

The following table summarizes the bases used to measure certain assets and liabilities carried at fair value on a recurring basis on the condensed consolidated balance sheet as of December 31, 2024:Basis of fair value measurement(in millions)TotalQuoted prices in active markets for identical assets (Level 1)Significant other observableinputs (Level 2)Significant unobservable inputs (Level 3)AssetsCash and equivalents$5,524 $5,179 $345 $— Money market funds and time deposits10