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Debt obligations (Tables)

9 Months Ended

Sep. 30, 2018

Schedule of Short-term Debt

Short-term debt:

		Weighted average interest rate as of September 30, 2018				Maturity				September 30, 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			9.37%				2018				1				1
Current maturities of long-term liabilities											2,158				2,880
Total short term debt										$	2,673			$	3,646

* Net-share settlement feature exercisable at any time.

Schedule of Senior Notes and Loans

Senior notes and loans:

		Weighted average interest rate as of September 30, 2018				Maturity				September 30, 2018				December 31, 2017
		%								(U.S. $ in millions)
Senior notes EUR 1,660 million (8)			0.38%				2020			$	1,924			$	2,095
Senior notes EUR 1,500 million			1.13%				2024				1,731				1,788
Senior notes EUR 1,300 million			1.25%				2023				1,501				1,550
Senior notes EUR 1,000 million (3)			2.88%				2019				—				1,199
Senior notes EUR 900 million (1)			4.50%				2025				1,045				—
Senior notes EUR 750 million			1.63%				2028				863				891
Senior notes EUR 700 million (1)			3.25%				2022				812				—
Senior notes EUR 700 million			1.88%				2027				810				837
Senior notes USD 3,500 million			3.15%				2026				3,493				3,492
Senior notes USD 3,000 million			2.20%				2021				2,997				2,996
Senior notes USD 3,000 million			2.80%				2023				2,993				2,992
Senior notes USD 1,700 million (8)			1.70%				2019				1,700				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 1,250 million (2)			6.00%				2024				1,250				—
Senior notes USD 1,250 million (2)			6.75%				2028				1,250				—
Senior notes USD 844 million			2.95%				2022				862				864
Senior notes USD 789 million			6.15%				2036				782				781
Senior notes USD 700 million			2.25%				2020				700				700
Senior notes USD 613 million			3.65%				2021				622				624
Senior notes USD 588 million			3.65%				2021				587				587
Senior notes CHF 450 million			1.50%				2018				458				461
Senior notes CHF 350 million			0.50%				2022				357				360
Senior notes CHF 350 million			1.00%				2025				357				360
Senior notes CHF 300 million (9)			0.13%				2018				—				308
Fair value hedge accounting adjustments											(24	)			(2	)
Total senior notes											29,054				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			7.78%				2026				6				5
Total debentures and others											6				20
Less current maturities											(2,158	)			(2,880	)
Derivative instruments											24				2
Less debt issuance costs											(110	)			(106	)
Total senior notes and loans										$	26,816			$	28,829

(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.

(8) In September 2018, Teva consummated a cash tender offer for certain of its outstanding senior notes. As a result of the offer, Teva redeemed $300 million aggregate principal amount of its 1.7% senior notes and €90 million principal amount of its 0.38% senior notes.

(9) In July 2018, Teva repaid at maturity CHF 300 million of its 0.13% senior notes.

X

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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