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Financial Instruments and Fair Value Measures (Tables)
 9 Months Ended
Sep. 30, 2023
Fair Value Disclosures [Abstract]  
Summary of amounts and location of derivatives on the condensed consolidated balance sheets The following table summarizes the amounts and location of AbbVie’s derivative instruments on the condensed consolidated balance sheets:
Fair value –
Derivatives in asset position		Fair value –
Derivatives in liability position
(in millions)Balance sheet captionSeptember 30, 2023December 31, 2022Balance sheet captionSeptember 30, 2023December 31, 2022
Foreign currency forward exchange contracts
Designated as cash flow hedgesPrepaid expenses and other$90 $49 Accounts payable and accrued liabilities$3 $8 
Designated as cash flow hedgesOther assets— 1 Other long-term liabilities— — 
Designated as net investment hedgesPrepaid expenses and other32 6 Accounts payable and accrued liabilities29 36 
Designated as net investment hedgesOther assets157 74 Other long-term liabilities9 47 
Not designated as hedgesPrepaid expenses and other30 33 Accounts payable and accrued liabilities49 41 
Cross-currency swap contracts
Designated as cash flow hedgesPrepaid expenses and other— — Accounts payable and accrued liabilities5 — 
Interest rate swap contracts
Designated as fair value hedgesPrepaid expenses and other— — Accounts payable and accrued liabilities2 17 
Designated as fair value hedgesOther assets— — Other long-term liabilities434 375 
Total derivatives$309 $163 $531 $524 
Schedule of pre-tax amounts of derivatives designated as cash flow hedges recognized in other comprehensive income (loss) The following table presents the pre-tax amounts of gains (losses) from derivative instruments recognized in other comprehensive loss:
Three months ended
September 30,		Nine months ended
September 30,
(in millions)2023202220232022
Foreign currency forward exchange contracts
Designated as cash flow hedges$76 $124 $81 $171 
Designated as net investment hedges241 362 153 748 
Cross-currency swap contracts designated as cash flow hedges(14)— (5)— 
Interest rate swap contracts designated as cash flow hedges— — — 6 
Schedule of pre-tax amounts of derivatives designated as net investment hedges recognized in other comprehensive income (loss) The following table presents the pre-tax amounts of gains (losses) from derivative instruments recognized in other comprehensive loss:
Three months ended
September 30,		Nine months ended
September 30,
(in millions)2023202220232022
Foreign currency forward exchange contracts
Designated as cash flow hedges$76 $124 $81 $171 
Designated as net investment hedges241 362 153 748 
Cross-currency swap contracts designated as cash flow hedges(14)— (5)— 
Interest rate swap contracts designated as cash flow hedges— — — 6 
Summary of pre-tax amounts and location of derivatives recognized in the condensed consolidated statements of earnings The following table summarizes the pre-tax amounts and location of derivative instrument net gains (losses) recognized in the condensed consolidated statements of earnings, including the net gains (losses) reclassified out of AOCI into net earnings. See Note 10 for the amount of net gains (losses) reclassified out of AOCI.
Three months ended
September 30,		Nine months ended
September 30,
(in millions)Statement of earnings caption2023202220232022
Foreign currency forward exchange contracts
Designated as cash flow hedgesCost of products sold$11 $21 $67 $47 
Designated as net investment hedgesInterest expense, net28 29 85 67 
Not designated as hedgesNet foreign exchange loss(41)(121)(7)(285)
Treasury rate lock agreements designated as cash flow hedgesInterest expense, net6 6 18 18 
Cross-currency swap contracts designated as cash flow hedgesNet foreign exchange loss(14)— (6)— 
Interest rate swap contracts
Designated as cash flow hedgesInterest expense, net— — — (3)
Designated as fair value hedgesInterest expense, net(58)(141)(44)(424)
Debt designated as hedged item in fair value hedgesInterest expense, net58 141 44 424 
Summary of bases used to measure assets and liabilities carried at fair value on a recurring basis 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, 2023:
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)
Assets
Cash and equivalents$13,287 $5,531 $7,756 $— 
Money market funds and time deposits10 — 10 — 
Debt securities28 — 28 — 
Equity securities109 86 23 — 
Foreign currency contracts309 — 309 — 
Total assets$13,743 $5,617 $8,126 $— 
Liabilities
Interest rate swap contracts$436 $— $436 $— 
Cross-currency swap contracts5 — 5 — 
Foreign currency contracts90 — 90 — 
Contingent consideration18,674 — — 18,674 
Total liabilities$19,205 $— $531 $18,674 
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, 2022:
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)
Assets
Cash and equivalents$9,201 $4,201 $5,000 $— 
Money market funds and time deposits21 — 21 — 
Debt securities28 — 28 — 
Equity securities91 59 32 — 
Foreign currency contracts163 — 163 — 
Total assets$9,504 $4,260 $5,244 $— 
Liabilities
Interest rate swap contracts$392 $— $392 $— 
Foreign currency contracts132 — 132 — 
Contingent consideration16,384 — — 16,384 
Total liabilities$16,908 $— $524 $16,384 
Summary of significant level 3 unobservable inputs
The fair value of the company's contingent consideration liabilities was calculated using the following significant unobservable inputs:
September 30, 2023December 31, 2022
(in millions)Range
Weighted average(a)
Range
Weighted average(a)
Discount rate
5.3% - 6.1%
5.5%
4.7%- 5.1%
4.8%
Probability of payment for unachieved milestones
100% - 100%
100%
100% - 100%
100%
Probability of payment for royalties by indication(b)
89% - 100%
99%
56% - 100%
99%
Projected year of payments
2023 - 2034
2027
2023 - 2034
2028
(a) Unobservable inputs were weighted by the relative fair value of the contingent consideration liabilities.
(b) Excluding approved indications, the estimated probability of payment was 89% at September 30, 2023 and 56% at December 31, 2022.
Schedule of changes in fair value of Level 3 inputs The following table presents the changes in fair value of total contingent consideration liabilities which are measured using Level 3 inputs:
Nine months ended
September 30,
(in millions)20232022
Beginning balance$16,384 $14,887 
Change in fair value recognized in net earnings3,432 647 
Payments(1,142)(978)
Ending balance$18,674 $14,556 
Schedule of book values, approximate fair values and bases used to measure certain financial instruments The book values, approximate fair values and bases used to measure the approximate fair values of certain financial instruments as of September 30, 2023 are shown in the table below:
Basis of fair value measurement
(in millions)Book valueApproximate fair valueQuoted prices in active markets for identical assets
(Level 1)		Significant other 
observable inputs
(Level 2)		Significant unobservable inputs
(Level 3)
Liabilities
Short-term borrowings$2 $2 $— $2 $— 
Current portion of long-term debt and finance lease obligations, excluding fair value hedges5,113 5,041 4,763 278 — 
Long-term debt and finance lease obligations, excluding fair value hedges56,035 49,633 49,124 509 — 
Total liabilities$61,150 $54,676 $53,887 $789 $— 
The book values, approximate fair values and bases used to measure the approximate fair values of certain financial instruments as of December 31, 2022 are shown in the table below:
Basis of fair value measurement
(in millions)Book valueApproximate fair valueQuoted prices in active markets for identical assets
(Level 1)		Significant other 
observable inputs
(Level 2)		Significant unobservable inputs
(Level 3)
Liabilities
Short-term borrowings$1 $1 $— $1 $— 
Current portion of long-term debt and finance lease obligations, excluding fair value hedges4,152 4,121 3,930 191 — 
Long-term debt and finance lease obligations, excluding fair value hedges59,463 54,073 53,365 708 — 
Total liabilities$63,616 $58,195 $57,295 $900 $—