As of Q4'25, ABBV reported cash & short-term investments of USD 5.23B and debt of USD 0, marking a significant reduction in debt compared to previous quarters. This latest data point shows a stable cash position but a complete elimination of reported debt at the end of the period. From Q1'23 to Q4'25, ABBV's cash & short-term investments displayed volatility, peaking at USD 18.07B in Q1'24 before declining steadily to USD 5.23B by Q4'25. Debt levels remained consistently high, ranging from USD 60.75B to USD 74B through most of the period, but dropped sharply to zero in Q4'25, indicating a major deleveraging event or reclassification. The overall trend highlights significant fluctuations in liquidity and a dramatic shift in capital structure at the end of the observed timeframe.