Post-Employment Benefits (Tables) (AbbVie sponsored plans)

12 Months Ended

Dec. 31, 2012

AbbVie sponsored plans

Employee Benefit Plans

Schedule of estimated amounts that will be assumed

The estimated amounts that will be assumed by AbbVie in 2013 are shown in the table below.

(in millions)	Defined benefit plans			Other post-employment plans
Accumulated benefit obligations	$	2,456		$	318
Deferred losses		(1,422	)		(59	)
Projected benefit obligations		2,929			318
Fair value of assets		2,295			—
Net liability	$	634		$	318

Schedule of benefit plan information

	Defined benefit plans						Other post-employment plans
as of and for the years ended December 31 (in millions)	2012			2011			2012
Projected benefit obligations
Beginning of period	$	649		$	636		$	—
Service cost		21			18			—
Interest cost		38			32			—
Assumption of plan liabilities		797			—			231
Actuarial loss (gain)		182			(1	)		—
Benefits paid		(40	)		(35	)		—
Other, primarily foreign currency translation loss (gain)		22			(1	)		—
End of period	$	1,669		$	649		$	231
Fair value of plan assets
Beginning of period	$	230		$	201		$	—
Actual return on plans assets		42			—			—
Company contributions		46			64			—
Assumption of plan assets		620			—			—
Benefits paid		(40	)		(35	)		—
End of period		898			230			—
Funded status at December 31	$	(771	)	$	(419	)	$	(231	)
Amounts recognized in combined balance sheets
Other assets	$	11		$	—		$	—
Current liabilities		(27	)		(22	)		(7	)
Long-term liabilities		(755	)		(397	)		(224	)
Net liability at December 31	$	(771	)	$	(419	)	$	(231	)
Actuarial losses, net	$	526		$	97		$	69
Prior service cost		10			1			(1	)
AOCI at December 31	$	536		$	98		$	68

Summary of pretax losses included in OCI

(in millions)
Actuarial loss	$	167
Prior service cost		9
Amortization of prior service cost and actuarial losses		(7	)
Foreign exchange loss		5
Total pretax loss recognized in OCI at December 31, 2012	$	174
Actuarial loss	$	19
Amortization of prior service cost and actuarial losses		(2	)
Foreign exchange loss		2
Total pretax loss recognized in OCI at December 31, 2011	$	19

Schedule of net periodic benefit cost

years ended December 31 (in millions)	2012			2011			2010
Service cost	$	21		$	18		$	15
Interest cost		38			32			32
Expected return on plans assets		(29	)		(21	)		(16	)
Amortization of actuarial losses and prior service costs		7			2			1
Net periodic pension benefit cost	$	37		$	31		$	32

Schedule of weighted-average assumptions used in determining benefit obligations at the measurement date

	2012			2011
Discount rate		4.0	%		5.1	%
Rate of compensation increases		3.9	%		4.2	%

Schedule of weighted-average assumptions used in determining net periodic benefit cost

	2012			2011			2010
Discount rate		5.1	%		5.0	%		5.4	%
Expected long-term rate of return on plan assets		8.5	%		8.5	%		8.5	%
Expected rate of change in compensation		4.2	%		4.1	%		3.7	%

Schedule of pension plan assets

			Basis of fair value measurement
(in millions)	Balance at December 31, 2012		Quoted prices in active markets for identical assets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
Equities
U.S. large cap(a)	$	232	$	232	$	—	$	—
U.S. mid cap(b)		45		31		14		—
International(c)		276		234		42		—
Fixed income securities
U.S. government securities(d)		73		24		49		—
Corporate debt instruments(e)		109		93		16		—
Government Securities International		26		26		—		—
Other		2		1		1		—
Absolute return funds(f)		90		22		37		31
Real assets		18		9		7		2
Other(g)		27		27		—		—
Fair value of plan assets	$	898	$	699	$	166	$	33

			Basis of fair value measurement
(in millions)	Balance at December 31, 2011		Quoted prices in active markets for identical assets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
Equities
U.S. large cap(a)	$	54	$	53	$	1	$	—
U.S. mid cap(b)		17		5		12		—
International(c)		27		2		25		—
Fixed income securities
U.S. government securities(d)		35		16		19		—
Corporate debt instruments(e)		14		3		11		—
Other		2		2		—		—
Absolute return funds(f)		71		12		32		27
Other(g)		10		2		8		—
Fair value of plan assets	$	230	$	95	$	108	$	27

(a)

A mix of index funds that track the S&P 500 (50 percent in 2012 and 45 percent in 2011) and separate actively managed equity accounts that are benchmarked to the Russell 1000 (50 percent in 2012 and 55 percent in 2011).

(b)

A mix of index funds (75 percent) and separate actively managed equity accounts (25 percent) that track or are benchmarked to the S&P 400 midcap index.

(c)

Primarily separate actively managed pooled investment accounts that are benchmarked to the MSCI emerging market and various local indices.

(d)

Index funds (50 percent in 2012 and 45 percent in 2011) and separate actively managed accounts (50 percent in 2012 and 55 percent in 2011).

(e)

Index funds (20 percent in 2012 and 40 percent in 2011) and separate actively managed accounts (80 percent in 2012 and 60 percent in 2011).

(f)

Primarily funds invested by managers that have a global mandate 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, interest rate futures, currencies and other securities to outperform an agreed upon benchmark with specific return and volatility targets.

(g)

Primarily investments in liquid commodity future contracts, private energy funds, cash and cash equivalents.

Summary of change in the value of plan assets that are measured using significant unobservable inputs (Level 3)

(in millions)	2012		2011
January 1	$	27	$	22
Transfers in from other categories		—		3
Actual return on plan assets on hand at year end		3		(1	)
Purchases, sales and settlements, net		3		3
December 31	$	33	$	27

Schedule of expected pension and other post-employment payments

(in millions)	Defined benefit plans		Other post-employment plans
2013	$	58	$	7
2014		59		7
2015		60		8
2016		64		8
2017		65		9
2018 to 2022		363		53