XML 33 R22.htm IDEA: XBRL DOCUMENT v3.24.2
Post-Employment Benefits
 6 Months Ended
Jun. 30, 2024
Postemployment Benefits [Abstract]  
Post-Employment Benefits
Note 13 — Post-Employment Benefits

Retirement plans consist of defined benefit, defined contribution, and medical and dental plans. Net periodic benefit costs, other than service costs, are recognized in the Other (income) expense, net line of the Condensed Consolidated Statement of Earnings. Net costs recognized for the three and six months ended June 30 for Abbott’s major defined benefit plans and post-employment medical and dental benefit plans are as follows:

Defined Benefit PlansMedical and Dental Plans
Three Months
Ended June 30		Six Months
Ended June 30		Three Months
Ended June 30		Six Months
Ended June 30
(in millions)20242023202420232024202320242023
Service cost - benefits earned during the period$60 $58 $121 $118 $10 $10 $20 $19 
Interest cost on projected benefit obligations116 114 234 228 12 16 27 30 
Expected return on plan assets(263)(243)(525)(485)(6)(6)(12)(12)
Curtailment gain— (14)— (14)— — — — 
Net amortization of:
Actuarial loss, net6 3 12 6 (1)(1)(1)(1)
Prior service cost (credit)1 — 1 — (4)(4)(7)(7)
Net cost (credit)$(80)$(82)$(157)$(147)$11 $15 $27 $29 
Abbott funds its domestic defined benefit plans according to Internal Revenue Service funding limitations. International pension plans are funded according to similar regulations. In the first six months of 2024 and 2023, $289 million and $290 million, respectively, were contributed to defined benefit plans. In the first six months of 2024 and 2023, $28 million was contributed, in each year, to the post-employment medical and dental plans.