XML 81 R34.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Debt, Credit Facilities, and Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2019
Debt, Credit Facilities, and Commitments and Contingencies  
Summary of long-term debt
The following table summarizes long-term debt:
as of December 31 (dollars in millions)
Effective
interest rate
in 2019(a)
 
2019
 
Effective
interest rate
in 2018(a)
 
2018
Senior notes issued in 2012
 
 
 
 
 
 
 
2.90% notes due 2022
2.97
%
 
$
3,100

 
2.97
%
 
$
3,100

4.40% notes due 2042
4.46
%
 
2,600

 
4.46
%
 
2,600

Senior notes issued in 2015
 
 
 
 
 
 
 
2.50% notes due 2020
2.65
%
 
3,750

 
2.65
%
 
3,750

3.20% notes due 2022
3.28
%
 
1,000

 
3.28
%
 
1,000

3.60% notes due 2025
3.66
%
 
3,750

 
3.66
%
 
3,750

4.50% notes due 2035
4.58
%
 
2,500

 
4.58
%
 
2,500

4.70% notes due 2045
4.73
%
 
2,700

 
4.73
%
 
2,700

Senior notes issued in 2016
 
 
 
 
 
 
 
2.30% notes due 2021
2.40
%
 
1,800

 
2.40
%
 
1,800

2.85% notes due 2023
2.91
%
 
1,000

 
2.91
%
 
1,000

3.20% notes due 2026
3.28
%
 
2,000

 
3.28
%
 
2,000

4.30% notes due 2036
4.37
%
 
1,000

 
4.37
%
 
1,000

4.45% notes due 2046
4.50
%
 
2,000

 
4.50
%
 
2,000

Senior Euro notes issued in 2016
 
 
 
 
 
 
 
0.375% notes due 2019 (€1,400 principal)
0.55
%
 
—

 
0.55
%
 
1,604

1.375% notes due 2024 (€1,450 principal)
1.46
%
 
1,625

 
1.46
%
 
1,661

2.125% notes due 2028 (€750 principal)
2.18
%
 
840

 
2.18
%
 
859

Senior notes issued in 2018
 
 
 
 
 
 
 
3.375% notes due 2021
3.51
%
 
1,250

 
3.51
%
 
1,250

3.75% notes due 2023
3.84
%
 
1,250

 
3.84
%
 
1,250

4.25% notes due 2028
4.38
%
 
1,750

 
4.38
%
 
1,750

4.875% notes due 2048
4.94
%
 
1,750

 
4.94
%
 
1,750

Senior Euro notes issued in 2019
 
 
 
 
 
 
 
0.75% notes due 2027 (€750 principal)
0.86
%
 
840

 
—

 
—

1.25% notes due 2031 (€650 principal)
1.30
%
 
728

 
—

 
—

Senior notes issued in 2019
 
 
 
 
 
 
 
Floating rate notes due May 2021
2.08
%
 
750

 
—

 
—

Floating rate notes due November 2021
2.12
%
 
750

 
—

 
—

Floating rate notes due 2022
2.29
%
 
750

 
—

 
—

2.15% notes due 2021
2.23
%
 
1,750

 
—

 
—

2.30% notes due 2022
2.42
%
 
3,000

 
—

 
—

2.60% notes due 2024
2.69
%
 
3,750

 
—

 
—

2.95% notes due 2026
3.02
%
 
4,000

 
—

 
—

3.20% notes due 2029
3.25
%
 
5,500

 
—

 
—

4.05% notes due 2039
4.11
%
 
4,000

 
—

 
—

4.25% notes due 2049
4.29
%
 
5,750

 
—

 
—

Other


 
27

 


 
36

Fair value hedges
 
 
(48
)
 
 
 
(466
)
Unamortized bond discounts
 
 
(161
)
 
 
 
(120
)
Unamortized deferred financing costs
 
 
(323
)
 
 
 
(163
)
Total long-term debt and finance lease obligations
 
 
66,728

 
 
 
36,611

Current portion
 
 
3,753

 
 
 
1,609

Noncurrent portion
 
 
$
62,975

 
 
 
$
35,002

(a)
Excludes the effect of any related interest rate swaps.
Summary of maturities of long-term debt
The following table summarizes AbbVie's debt maturities as of December 31, 2019:
as of and for the years ending December 31 (in millions)
 
2020
$
3,750

2021
6,300

2022
7,850

2023
2,250

2024
5,375

Thereafter
41,708

Total obligations and commitments
67,233

Fair value hedges, unamortized bond discounts, deferred financing costs and finance lease obligations
(505
)
Total long-term debt and finance lease obligations
$
66,728