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Revenue from contracts with customers | 3 Months Ended
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Mar. 31, 2020
Revenue from contracts with customers | NOTE 3 – Revenue from contracts with customers: Disaggregation of revenue The following table disaggregates Teva’s revenues by major revenue streams. For additional information on disaggregation of revenues, see note 15.
|  | Three months ended March 31, 2020 |
|  | North America |  |  | Europe |  |  | International Markets |  |  | Other activities |  |  | Total |
|  | (U.S. $ in millions) |
Sale of goods |  |  | 1,625 |  |  |  | 1,370 |  |  |  | 482 |  |  |  | 177 |  |  |  | 3,655 |
Licensing arrangements |  |  | 25 |  |  |  | 12 |  |  |  | 3 |  |  |  | 1 |  |  |  | 41 |
Distribution |  |  | 426 |  |  |  | 2 |  |  |  | 6 |  |  |  | — |  |  |  | 434 |
Other |  |  | 6 |  |  |  | 19 |  |  |  | 74 |  |  |  | 129 |  |  |  | 227 |
|  | $ | 2,082 |  |  | $ | 1,402 |  |  | $ | 565 |  |  | $ | 307 |  |  | $ | 4,357 |
|  | Three months ended March 31, 2019 |
|  | North America |  |  | Europe |  |  | International Markets |  |  | Other activities |  |  | Total |
|  | (U.S. $ in millions) |
Sale of g oods |  |  | 1,637 |  |  |  | 1,259 |  |  |  | 468 |  |  |  | 187 |  |  |  | 3,551 |
Licensing arrangements |  |  | 31 |  |  |  | 5 |  |  | § |  |  |  |  | 1 |  |  |  | 37 |
Distribution |  |  | 379 |  |  | § |  |  |  |  | 5 |  |  |  | — |  |  |  | 383 |
Other |  |  | — |  |  | § |  |  |  |  | 48 |  |  |  | 128 |  |  |  | 176 |
|  | $ | 2,047 |  |  | $ | 1,264 |  |  | $ | 521 |  |  | $ | 317 |  |  | $ | 4,149 |
§ | Represents an amount less than $1 million.
The financial data presented in the tables above with respect to prior periods have been revised to reflect a revision in the presentation of net revenues and cost of sales in the consolidated financial statements. See note 1c. Variable consideration Variable consideration mainly includes sales reserves and allowances (“SR&A”), comprised of rebates (including Medicaid and other governmental program discounts), chargebacks, returns and other promotional (including shelf stock adjustments) items. Provisions for prompt payment discounts are netted against accounts receivables. The Company recognizes these provisions at the time of sale and adjusts them if the actual amounts differ from the estimated provisions. SR&A to U.S. customers comprised approximately 82% of the Company’s total SR&A as of March 31, 2020, with the remaining balance primarily in Canada and Germany. The changes in SR&A for third-party sales for the three months ended March 31, 2020 and 2019 were as follows:
|  | Sales Reserves and Allowances |  |  |  |
|  | Reserves included in Accounts Receivable, net |  |  | Rebates |  |  | Medicaid and other governmental allowances |  |  | Chargebacks |  |  | Returns |  |  | Other |  |  | Total reserves included in SR&A |  |  | Total |
|  | (U.S. $ in millions) |
Balance at December 31, 2019 |  | $ | 87 |  |  | $ | 2,895 |  |  | $ | 1,109 |  |  | $ | 1,342 |  |  | $ | 637 |  |  | $ | 176 |  |  | $ | 6,159 |  |  | $ | 6,246 |
Provisions related to sales made in current year period |  |  | 102 |  |  |  | 1,370 |  |  |  | 233 |  |  |  | 2,223 |  |  |  | 139 |  |  |  | 33 |  |  |  | 3,998 |  |  |  | 4,100 |
Provisions related to sales made in prior periods |  |  | — |  |  |  | (106 | ) |  |  | (29 | ) |  |  | (16 | ) |  |  | (1 | ) |  |  | 4 |  |  |  | (148 | ) |  |  | (148 | )
Credits and payments |  |  | (106 | ) |  |  | (1,513 | ) |  |  | (248 | ) |  |  | (2,396 | ) |  |  | (112 | ) |  |  | (35 | ) |  |  | (4,304 | ) |  |  | (4,410 | )
Translation differences |  |  | — |  |  |  | (21 | ) |  |  | (2 | ) |  |  | (6 | ) |  |  | (4 | ) |  |  | (10 | ) |  |  | (43 | ) |  |  | (43 | )
Balance at March 31, 2020 |  | $ | 83 |  |  |  | 2,625 |  |  | $ | 1,063 |  |  | $ | 1,147 |  |  | $ | 659 |  |  | $ | 168 |  |  | $ | 5,662 |  |  | $ | 5,745 |
|  | Reserves included in Accounts Receivable, net |  |  | Rebates |  |  | Medicaid and other governmental allowances |  |  | Chargebacks |  |  | Returns |  |  | Other |  |  | Total reserves included in SR&A |  |  | Total |
|  | (U.S.$ in millions) |
Balance at December 31, 2018 |  | $ | 175 |  |  | $ | 3,006 |  |  | $ | 1,361 |  |  | $ | 1,530 |  |  | $ | 638 |  |  | $ | 176 |  |  | $ | 6,711 |  |  | $ | 6,886 |
Provisions related to sales made in current year period |  |  | 112 |  |  |  | 1,350 |  |  |  | 324 |  |  |  | 2,320 |  |  |  | 72 |  |  |  | 114 |  |  |  | 4,180 |  |  |  | 4,292 |
Provisions related to sales made in prior periods |  |  | — |  |  |  | — |  |  |  | 1 |  |  |  | (5 | ) |  |  | 3 |  |  |  | (1 | ) |  |  | (2 | ) |  |  | (2 | )
Credits and payments |  |  | (125 | ) |  |  | (1,613 | ) |  |  | (438 | ) |  |  | (2,413 | ) |  |  | (117 | ) |  |  | (101 | ) |  |  | (4,682 | ) |  |  | (4,807 | )
Translation differences |  |  | — |  |  |  | (6 | ) |  |  | (1 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (7 | ) |  |  | (7 | )
Balance at March 31, 2019 |  | $ | 162 |  |  |  | 2,737 |  |  | $ | 1,247 |  |  | $ | 1,432 |  |  | $ | 596 |  |  | $ | 188 |  |  | $ | 6,200 |  |  | $ | 6,362 |
Allowance for credit losses Accounts receivable are recognized net of allowance for credit losses. Allowances for credit losses were $127 million and $135 million as of March 31, 2020 and December 31, 2019, respectively. The decrease is mainly due to currency fluctuations.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 + Details
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