Item 16. FORM 10-K SUMMARY
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Item 16. FORM 10-K SUMMARY
None.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, Abbott Laboratories has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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| | ABBOTT LABORATORIES | |
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| | By | /s/ ROBERT B. FORD |
| | Robert B. Ford President and Chief Executive Officer | |
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| | Date: | February 19, 2021 |
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of Abbott Laboratories on February 19, 2021 in the capacities indicated below.
| /s/ ROBERT B. FORD | /s/ ROBERT E. FUNCK, JR. | |
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| Robert B. Ford | | Robert E. Funck, Jr. |
| President and Chief Executive Officer, and Director of Abbott Laboratories (principal executive officer) | | Executive Vice President, Finance and Chief Financial Officer (principal financial officer) |
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| /s/ PHILIP P. BOUDREAU | | /s/ MILES D. WHITE |
| Philip P. Boudreau | | Miles D. White |
| Vice President, Finance and Controller (principal accounting officer) | | Executive Chairman of the Board |
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| /s/ ROBERT J. ALPERN | | /s/ ROXANNE S. AUSTIN |
| Robert J. Alpern, M.D. | | Roxanne S. Austin |
| Director of Abbott Laboratories | | Director of Abbott Laboratories |
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| /s/ SALLY E. BLOUNT | | /s/ MICHELLE A. KUMBIER |
| Sally E. Blount, Ph.D. | | Michelle A. Kumbier |
| Director of Abbott Laboratories | | Director of Abbott Laboratories |
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| /s/ EDWARD M. LIDDY | | /s/ DARREN W. MCDEW |
| Edward M. Liddy Director of Abbott Laboratories | | Darren W. McDew Director of Abbott Laboratories |
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| /s/ NANCY MCKINSTRY | | /s/ PHEBE N. NOVAKOVIC |
| Nancy McKinstry | | Phebe N. Novakovic |
| Director of Abbott Laboratories | | Director of Abbott Laboratories |
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| /s/ WILLIAM A. OSBORN | | /s/ DANIEL J. STARKS |
| William A. Osborn | | Daniel J. Starks |
| Director of Abbott Laboratories | | Director of Abbott Laboratories |
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| /s/ JOHN G. STRATTON | | /s/ GLENN F. TILTON |
| John G. Stratton | | Glenn F. Tilton |
| Director of Abbott Laboratories | | Director of Abbott Laboratories |
ABBOTT LABORATORIES AND SUBSIDIARIES
SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS
FOR THE YEARS ENDED DECEMBER 31, 2020, 2019 AND 2018
(in millions of dollars)
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| | | | | | Amounts | | | |||||
| | | Balance | | Provisions/ | | Charged Off | | | | |||
| Allowances for Doubtful | | at Beginning | | Charges | | and Other | | Balance at | ||||
| Accounts and Product Returns | | of Year | | to Income | | Deductions | | End of Year | ||||
| 2020 | | $ | 384 | | $ | 187 | | $ | (111) | | $ | 460 |
| 2019 | | | 314 | | | 137 | | | (68) | | | 384 |
| 2018 | | 294 | | | 110 | | | (90) | | | 314 |
Report of Independent Registered Public Accounting Firm
To the Shareholders and Board of Directors of Abbott Laboratories
Opinion on the Financial Statement Schedule
We have audited the consolidated financial statements of Abbott Laboratories and subsidiaries (the Company) as of December 31, 2020 and 2019, for each of the three years in the period ended December 31, 2020, and have issued our report thereon dated February 19, 2021 (included elsewhere in this Annual Report on Form 10-K). Our audits of the consolidated financial statements included the financial statement schedule listed in Item 15(a)(2) of this Annual Report on Form 10-K (the “schedule”). This schedule is the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s schedule, based on our audits.
In our opinion, the schedule presents fairly, in all material respects, the information set forth therein when considered in conjunction with the consolidated financial statements.
/s/ Ernst & Young LLP
Chicago, Illinois
February 19, 2021
Previous: Item 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES