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Debt obligations (Tables)

3 Months Ended

Mar. 31, 2018

Schedule of Short-term Debt

Short-term debt:

		Weighted average interest rate as of March 31, 2018		Maturity				March 31, 2018				December 31, 2017
								(U.S. $ in millions)
Term loan JPY 28.3 billion (5)		JPY LIBOR+0.25%			2018			$	—			$	251
Convertible debentures		0.25%			2026	*			514				514
Other		11.68%			2018				2				1
Current maturities of long-term liabilities									786				2,880
Total short term debt								$	1,302			$	3,646

* Net-share settlement feature exercisable at any time.

Schedule of Senior Notes and Loans

Long-term debt includes the following:

		Weighted average interest rate as of March 31, 2018		Maturity		March 31, 2018				December 31, 2017
			%											(U.S. $ in millions)
Senior notes EUR 1,750 million		0.38%		2020		$	2,152			$	2,095
Senior notes EUR 1,500 million		1.13%		2024			1,837				1,788
Senior notes EUR 1,300 million		1.25%		2023			1,593				1,550
Senior notes EUR 1,000 million (3)		2.88%		2019			—				1,199
Senior notes EUR 900 million (1)		4.50%		2025			1,109				—
Senior notes EUR 750 million		1.63%		2028			915				891
Senior notes EUR 700 million (1)		3.25%		2022			863				—
Senior notes EUR 700 million		1.88%		2027			859				837
Senior notes USD 3,500 million		3.15%		2026			3,492				3,492
Senior notes USD 3,000 million		2.20%		2021			2,997				2,996
Senior notes USD 3,000 million		2.80%		2023			2,992				2,992
Senior notes USD 2,000 million		1.70%		2019			2,000				2,000
Senior notes USD 2,000 million		4.10%		2046			1,984				1,984
Senior notes USD 1,500 million (3)		1.40%		2018			—				1,500
Senior notes USD 1250 million (2)		6.00%		2024			1,250				—
Senior notes USD 1250 million (2)		6.75%		2028			1,250				—
Senior notes USD 844 million		2.95%		2022			863				864
Senior notes USD 789 million		6.15%		2036			781				781
Senior notes USD 700 million		2.25%		2020			700				700
Senior notes USD 613 million		3.65%		2021			623				624
Senior notes USD 588 million		3.65%		2021			587				587
Senior notes CHF 450 million		1.50%		2018			472				461
Senior notes CHF 350 million		0.50%		2022			367				360
Senior notes CHF 350 million		1.00%		2025			368				360
Senior notes CHF 300 million		0.13%		2018			314				308
Fair value hedge accounting adjustments							(16	)			(2	)
Total senior notes							30,352				28,367
Term loan USD 2.5 billion (4)		LIBOR +1.1375%		2018			—				285
Term loan USD 2.5 billion (4)		LIBOR +1.50%		2017-2020			—				2,000
Term loan JPY 58.5 billion (5)		JPY LIBOR +0.55%		2022			—				519
Term loan JPY 35 billion (6)		1.42%		2019			—				311
Term loan JPY 35 billion (6)		JPY LIBOR +0.3%		2018			—				311
Total loans							—				3,426
Debentures USD 15 million (7)		7.20%		2018			—				15
Other		7.31%		2026			5				5
Total debentures and others							5				20
Less current maturities							(786	)			(2,880	)
Derivative instruments							16				2
Less debt issuance costs							(137	)			(106	)
Total long-term debt						$	29,450			$	28,829

Debt development

(1) In March 2018, Teva Pharmaceutical Finance Netherlands II B.V., a Teva finance subsidiary, issued senior notes in an aggregate principal amount of €1.6 billion.

(2) In March 2018, Teva Pharmaceutical Finance Netherlands III B.V., a Teva finance subsidiary, issued senior notes in an aggregate principal amount of $2.5 billion.

(3) In March 2018, Teva redeemed in full its $1.5 billion 1.4% senior notes due in July 2018 and its €1.0 billion 2.88% senior notes due in April 2019.

(4) During the first quarter of 2018, Teva prepaid approximately $2.3 billion principal amount of the remaining term loan facilities.

(5) During the first quarter of 2018, Teva prepaid in full JPY 86.8 billion principal amount of the outstanding term loan facilities of which JPY 28.3 billion were in short-term debt as of December 31, 2017.

(6) During the first quarter of 2018, Teva prepaid in full JPY 70 billion of its 1.42% and JPY LIBOR+0.3% outstanding term loans.

(7) During the first quarter of 2018, Teva prepaid in full $15 million of its outstanding debentures.

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- Definition

A schedule of data and information pertaining to long-debt instruments or arrangements, excluding convertible debt, that includes identification, terms, features, collateral requirements and other information necessary to a fair presentation.

+ References

No definition available.

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- Definition

Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

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