As of Q4'25, AbbVie's cash and short-term investments stood at $5.26B USD, reflecting a modest decline from $5.67B USD in Q3'25 and continuing a downward trajectory from the peak of $18.07B USD in Q1'24. In contrast, total debt remained substantial at $67.50B USD, down slightly from $68.74B USD in Q3'25 but still elevated compared to earlier periods. Over the period from Q1'23 to Q4'25, cash and short-term investments exhibited significant volatility, surging from $6.72B USD to a high of $18.07B USD in Q1'24 before steadily declining to $5.26B USD amid potential operational or investment outflows. Debt levels showed relative stability with a slight overall reduction from $62.09B USD in Q1'23 to $67.50B USD in Q4'25, though a notable spike to $74.00B USD occurred in Q1'24, highlighting periods of increased leverage that later moderated. This dynamic suggests improving debt management but persistent liquidity pressures, warranting monitoring for balance sheet sustainability.