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Debt Obligations (Tables)

12 Months Ended

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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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.

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