Leases (Tables)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Summary of Operating Leases

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

(in millions, except weighted averages)	2022			2021			2020
Operating lease cost (a)	$	355		$	359		$	329
Cash paid for amounts included in the measurement of operating lease liabilities	274			287			264
ROU assets arising from entering into new operating lease obligations	263			343			396
Weighted average remaining lease term at December 31 (in years)	8			8			8
Weighted average discount rate at December 31	2.9		%	2.7		%	3.2		%

________________________________________________________

(a) Includes short-term lease expense and variable lease costs, which were immaterial in the years ended December 31, 2022, 2021 and 2020.

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

(in millions)	December 31, 2022		December 31, 2021		Balance Sheet Caption
Operating Lease - ROU Asset	$	1,116	$	1,153	Deferred income taxes and other assets
Operating Lease Liability:
Current	$	230	$	245	Other accrued liabilities
Non-current	943		956		Post-employment obligations and other long-term liabilities
Total Liability	$	1,173	$	1,201

Schedule of Future Minimum Lease Payments

Future minimum lease payments under non-cancellable operating leases as of December 31, 2022 were as follows:

(in millions)
2023	$	258
2024	218
2025	182
2026	151
2027	110
Thereafter	422
Total future minimum lease payments – undiscounted	1,341
Less: imputed interest	(168)
Present value of lease liabilities	$	1,173