Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Summary of Operating Leases

The following table provides information related to Abbott’s operating leases:

(in millions, except weighted averages)	2024			2023			2022
Operating lease cost (a)	$	366		$	356		$	355
Cash paid for amounts included in the measurement of operating lease liabilities	300			276			274
ROU assets arising from entering into new operating lease obligations	253			253			263
Weighted average remaining lease term at December 31 (in years)	7			7			8
Weighted average discount rate at December 31	3.6		%	3.4		%	2.9		%

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(a) Includes short-term lease expense and variable lease costs, which were immaterial in the years ended December 31, 2024, 2023 and 2022.

The following table summarizes the amounts and location of operating lease ROU assets and lease liabilities:

(in millions)	December 31, 2024		December 31, 2023		Balance Sheet Caption
Operating Lease - ROU Asset	$	1,075	$	1,122	Deferred income taxes and other assets
Operating Lease Liability:
Current	$	254	$	245	Other accrued liabilities
Non-current	896		949		Post-employment obligations and other long-term liabilities
Total Liability	$	1,150	$	1,194

Schedule of Future Minimum Lease Payments

Future minimum lease payments under non-cancellable operating leases as of December 31, 2024 were as follows:

(in millions)
2025	$	290
2026	252
2027	183
2028	134
2029	103
Thereafter	356
Total future minimum lease payments – undiscounted	1,318
Less: imputed interest	(168)
Present value of lease liabilities	$	1,150