v3.25.3

Condensed Consolidated Statement of Earnings (Unaudited) - USD ($) shares in Thousands, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2025	Sep. 30, 2024
Income Statement [Abstract]
Net sales	$ 11,369	$ 10,635	$ 32,869	$ 30,976
Cost of products sold, excluding amortization of intangible assets	5,075	4,698	14,397	13,764
Amortization of intangible assets	420	470	1,260	1,413
Research and development	766	713	2,207	2,095
Selling, general and administrative	3,051	2,895	9,203	8,790
Total operating cost and expenses	9,312	8,776	27,067	26,062
Operating earnings	2,057	1,859	5,802	4,914
Interest expense	121	142	373	423
Interest (income)	(77)	(91)	(230)	(253)
Net foreign exchange (gain) loss	(17)	(11)	(35)	(17)
Other (income) expense, net	(150)	(121)	(414)	(222)
Earnings before taxes	2,180	1,940	6,108	4,983
Taxes on earnings	536	294	1,360	810
Net Earnings	$ 1,644	$ 1,646	$ 4,748	$ 4,173
Basic Earnings Per Common Share (in dollars per share)	$ 0.94	$ 0.94	$ 2.72	$ 2.39
Diluted Earnings Per Common Share (in dollars per share)	$ 0.94	$ 0.94	$ 2.70	$ 2.38
Average Number of Common Shares Outstanding Used for Basic Earnings Per Common Share (in shares)	1,742,142	1,739,466	1,741,617	1,740,869
Dilutive Common Stock Options (in shares)	7,219	8,131	7,544	8,565
Average Number of Common Shares Outstanding Plus Dilutive Common Stock Options (in shares)	1,749,361	1,747,597	1,749,161	1,749,434
Outstanding Common Stock Options Having No Dilutive Effect (in shares)	1,443	6,905	1,431	6,892

The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets.

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ABBOTT LABORATORIES 10-Q