Company: ABBV
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0001551152-25-000020
Chunk: 252

Company: AbbVie Inc.
Filing Date: 2025-02-14
Form: 10-K
Item: Item 3
Chunk 252
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-U.S. government securities(d)346 183 163 — Other(d)20 15 5 — Absolute return funds(e)176 82 94 — Other(f)351 350 1 — Total$3,631 $2,392 $1,239 $— Total assets measured at NAV6,920 Fair value of plan assets$10,551 Basis of fair value measurementas of December 31 (in millions)2023Quoted prices in active markets for identical assets (Level 1)Significant other observable inputs (Level 2)Significant unobservable inputs (Level 3)EquitiesU.S. large cap(a)$1,018 $1,018 $— $— U.S. mid cap(b)173 173 — — International(c)488 488 — — Fixed income securitiesU.S. government securities(d)246 62 184 — Corporate debt instruments(d)714 155 559 — Non-U.S. government securities(d)461 301 160 — Other(d)126 124 2 — Absolute return funds(e)155 66 89 — Other(f)414 413 1 — Total$3,795 $2,800 $995 $— Total assets measured at NAV6,044 Fair value of plan assets$9,839 (a)A mix of index funds and actively managed equity accounts that are benchmarked to various large cap indices.(b)A mix of index funds and actively managed equity accounts that are benchmarked to various mid cap indices.(c)A mix of index funds and actively managed equity accounts that are benchmarked to various non-U.S. equity indices in both developed and emerging markets.(d)Securities held by actively managed accounts, index funds and mutual funds.(e)Primarily funds having global mandates with the flexibility to allocate capital broadly across a wide range of asset classes and strategies, including but not limited to equities, fixed income, commodities, financial futures, currencies and other securities, with objectives to outperform agreed upon benchmarks of specific return and volatility targets.(f)Investments in cash and cash equivalents.

87     |  2024 Form 10-K

Equities and registered investment companies having quoted prices are valued at the published market prices. Fixed income securities that are valued using significant other observable inputs are quoted at