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Debt, Credit Facilities and Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2021
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 2021(a)
2021
Effective
interest rate
in 2020(a)
2020
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
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 %— 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
1.375% notes due 2024 (€1,450 principal)
1.46 %1,643 1.46 %1,783 
2.125% notes due 2028 (€750 principal)
2.18 %850 2.18 %922 
Senior notes issued in 2018
3.375% notes due 2021
3.51 %— 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 %850 0.86 %922 
1.25% notes due 2031 (€650 principal)
1.30 %737 1.30 %799 
Senior notes issued in 2019
Floating rate notes due May 20210.74 %— 1.33 %750 
Floating rate notes due November 20210.78 %— 1.42 %750 
Floating rate notes due 20220.99 %750 1.62 %750 
2.15% notes due 2021
2.23 %— 2.23 %1,750 
2.30% notes due 2022
2.42 %3,000 2.42 %3,000 
2.60% notes due 2024
2.69 %3,750 2.69 %3,750 
2.95% notes due 2026
3.02 %4,000 3.02 %4,000 
3.20% notes due 2029
3.25 %5,500 3.25 %5,500 
4.05% notes due 2039
4.11 %4,000 4.11 %4,000 
4.25% notes due 2049
4.29 %5,750 4.29 %5,750 
Term loan facilities
Floating rate notes due 20231.23 %— 1.29 %1,000 
Floating rate notes due 20230.81 %1,000 — %— 
Floating rate notes due 20251.36 %2,000 1.42 %2,000 
as of December 31 (dollars in millions)
Effective
interest rate
in 2021(a)
2021
Effective
interest rate
in 2020(a)
2020
Senior notes acquired in 2020
5.000% notes due 2021
1.53 %— 1.53 %1,200 
3.450% notes due 2022
1.97 %2,878 1.97 %2,878 
3.250% notes due 2022
1.92 %1,700 1.92 %1,700 
2.800% notes due 2023
2.13 %350 2.13 %350 
3.850% notes due 2024
2.07 %1,032 2.07 %1,032 
3.800% notes due 2025
2.09 %3,021 2.09 %3,021 
4.550% notes due 2035
3.52 %1,789 3.52 %1,789 
4.625% notes due 2042
4.00 %457 4.00 %457 
4.850% notes due 2044
4.11 %1,074 4.11 %1,074 
4.750% notes due 2045
4.20 %881 4.20 %881 
Senior Euro notes acquired in 2020
0.500% notes due 2021 (€750 principal)
0.72 %— 0.72 %922 
1.500% notes due 2023 (€500 principal)
0.49 %567 0.49 %615 
1.250% notes due 2024 (€700 principal)
0.65 %793 0.65 %861 
2.625% notes due 2028 (€500 principal)
1.20 %567 1.20 %615 
2.125% notes due 2029 (€550 principal)
1.19 %623 1.19 %677 
Other33 29 
Fair value hedges102 278 
Unamortized bond discounts(130)(146)
Unamortized deferred financing costs(251)(287)
Unamortized bond premiums (b)
954 1,200 
Total long-term debt and finance lease obligations76,670 86,022 
Current portion12,481 8,468 
Noncurrent portion$64,189 $77,554 
(a)Excludes the effect of any related interest rate swaps.
(b)Represents unamortized purchase price adjustments of Allergan debt.
Summary of maturities of long-term debt The following table summarizes AbbVie's debt maturities as of December 31, 2021:
as of and for the years ending December 31 (in millions)
2022$12,428 
20234,167 
20247,219 
20258,771 
20266,000 
Thereafter37,377 
Total obligations and commitments75,962 
Fair value hedges, unamortized bond premiums and discounts, deferred financing costs and finance lease obligations708 
Total long-term debt and finance lease obligations$76,670