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Debt Obligations (Tables) | 12 Months Ended
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Dec. 31, 2018
Schedule of Short-term Debt |
a. | Short-term debt:
|  |  |  |  |  | December 31, |
|  | Weighted average interest rate as of December 31, 2018 |  |  | Maturity |  |  | 2018 |  |  | 2017 |
|  |  |  |  |  |  |  | (U.S. $ in millions) |
Term loan JPY 28.3 billion |  |  | JPY LIBOR+0.25 | % |  |  | 2018 |  |  | $ | — |  |  |  | 251 |
Bank and financial institutions |  |  | 6.79% |  |  |  | — |  |  |  | 2 |  |  |  | 1 |
Convertible debentures |  |  | 0.25% |  |  |  | 2026 |  |  |  | 514 |  |  |  | 514 |
Current maturities of long-term liabilities |  |  |  | 1,700 |  |  |  | 2,880 |
Total short term debt |  |  | $ | 2,216 |  |  | $ | 3,646 |
Schedule of Senior Notes and Loans |
b. | Long-term debt:
|  | Weighted average interest rate as of December 31, 2018 |  | Maturity |  | December 31, 2018 |  |  | December 31, 2017 |
|  | % |  |  |  | (U.S. $ in millions) |
Senior notes EUR 1,660 million (8) |  | 0.38% |  | 2020 |  | $ | 1,897 |  |  | $ | 2,095 |
Senior notes EUR 1,500 million |  | 1.13% |  | 2024 |  |  | 1,707 |  |  |  | 1,788 |
Senior notes EUR 1,300 million |  | 1.25% |  | 2023 |  |  | 1,480 |  |  |  | 1,550 |
Senior notes EUR 1,000 million (3) |  | 2.88% |  | 2019 |  |  | — |  |  |  | 1,199 |
Senior notes EUR 900 million (1) |  | 4.50% |  | 2025 |  |  | 1,029 |  |  |  | — |
Senior notes EUR 750 million |  | 1.63% |  | 2028 |  |  | 850 |  |  |  | 891 |
Senior notes EUR 700 million (1) |  | 3.25% |  | 2022 |  |  | 801 |  |  |  | — |
Senior notes EUR 700 million |  | 1.88% |  | 2027 |  |  | 798 |  |  |  | 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 |  |  | 1,985 |  |  |  | 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 |  |  | 860 |  |  |  | 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 |  |  | 621 |  |  |  | 624 |
Senior notes USD 588 million |  | 3.65% |  | 2021 |  |  | 587 |  |  |  | 587 |
Senior notes CHF 450 million (10) |  | 1.50% |  | 2018 |  |  | — |  |  |  | 461 |
Senior notes CHF 350 million |  | 0.50% |  | 2022 |  |  | 356 |  |  |  | 360 |
Senior notes CHF 350 million |  | 1.00% |  | 2025 |  |  | 356 |  |  |  | 360 |
Senior notes CHF 300 million (9) |  | 0.13% |  | 2018 |  |  | — |  |  |  | 308 |
Fair value hedge accounting adjustments |  |  |  |  |  |  | (9 | ) |  |  | (2 | )
Total senior notes |  |  |  |  |  |  | 28,483 |  |  |  | 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 |  | 4.79% |  | 2026 |  |  | 12 |  |  |  | 5 |
Total debentures and others |  |  |  |  |  |  | 12 |  |  |  | 20 |
Less current maturities |  |  |  |  |  |  | (1,700 | ) |  |  | (2,880 | )
Derivative instruments |  |  |  |  |  |  | 9 |  |  |  | 2 |
Less debt issuance costs |  |  |  |  |  |  | (104 | ) |  |  | (106 | )
Total senior notes and loans |  |  |  |  |  | $ | 26,700 |  |  | $ | 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.
(10) | In October 2018, Teva repaid at maturity CHF 450 million of its 1.5% senior notes.
Required Annual Principal Payments of Long-term Debt, Excluding Debt Issuance Cost | The required annual principal payments of long-term debt, excluding debt issuance cost as of December 31, 2018, starting with the year 2020, are as follows:
|  | December 31, 2018 |
|  | (U.S. $ in millions) |
2020 |  | $ | 2,596 |
2021 |  |  | 4,205 |
2022 |  |  | 2,017 |
2023 |  |  | 4,473 |
2024 and thereafter |  |  | 13,513 |
|  | $ | 26,804 |

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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. + Details
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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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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://fasb.org/us-gaap/role/ref/legacyRef -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 + Details
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