Analysis: Deferred Assets and Liabilities, Net

Entity Registrant Name ABBOTT LABORATORIES
CIK 0000001800
Accession number 0001047469-14-001176
Link to XBRL instance http://www.sec.gov/Archives/edgar/data/1800/000104746914001176/abt-20131231.xml
Fiscal year end --12-31
Fiscal year focus 2013
Fiscal period focus FY
Current balance sheet date 2013-12-31
Current year-to-date income statement start date 2013-01-01
Commentary Conforms with all rules.
Level 3 Text Block concept us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

 

 

(in millions)
   2013   2012  

Deferred tax assets:

              

Compensation and employee benefits

   $ 862   $ 1,936  

Other, primarily reserves not currently deductible, and NOL's and credit carryforwards        

     2,908     3,278  

Trade receivable reserves

     155     557  

Inventory reserves

     137     211  

Deferred intercompany profit

     274     1,095  

State income taxes

     196     197  
           
​ ​ ​ ​ ​ ​ ​ ​

Total deferred tax assets

     4,532     7,274  
           
​ ​ ​ ​ ​ ​ ​ ​

Deferred tax liabilities:

              

Depreciation

     (72 )   (75 )

Other, primarily the excess of book basis over tax basis of intangible assets

     (1,774 )   (2,447 )
           
​ ​ ​ ​ ​ ​ ​ ​

Total deferred tax liabilities

     (1,846 )   (2,522 )
           
​ ​ ​ ​ ​ ​ ​ ​

Total net deferred tax assets

   $ 2,686   $ 4,752  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
           

Level 4 Details Key Concepts: Deferred tax assets (liabilities)

Description Fact value US GAAP XBRL Concept
Deferred tax assets, gross 0
Valuation allowance 0
Deferred tax assets, net 4,532,000,000 us-gaap:DeferredTaxAssetsNet
Deferred tax liabilities -1,846,000,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net 2,686,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

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(Classified balance sheet) Deferred tax assets (liabilities), net components current/noncurrent asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets, net, current 2,528,000,000 us-gaap:DeferredTaxAssetsNetCurrent
Deferred tax assets, net, noncurrent 0
Deferred tax liabilities, net, current 0
Deferred tax liabilities, net, noncurrent -466,000,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net 2,686,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

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(Unclassified balance sheet) Deferred tax assets (liabilities), net components asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets 4,532,000,000 us-gaap:DeferredTaxAssetsNetCurrent
Deferred tax liabilities, net -1,846,000,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net 2,686,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

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