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Revenue from contracts with customers | 12 Months Ended
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Dec. 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 19.
|  | Year ended December 31, 2020 |
|  | North America |  |  | Europe |  |  | International Markets |  |  | Other activities |  |  | Total |
|  | (U.S.$ in millions) |
Sale of goods |  |  | 6,902 |  |  |  | 4,736 |  |  |  | 1,946 |  |  |  | 772 |  |  |  | 14,354 |
Licensing arrangements |  |  | 84 |  |  |  | 32 |  |  |  | 9 |  |  |  | 4 |  |  |  | 129 |
Distribution |  |  | 1,462 |  |  |  | 3 |  |  |  | 30 |  |  |  | — |  |  |  | 1,495 |
Other |  |  | § |  |  |  | (14 | ) |  |  | 169 |  |  |  | 527 |  |  |  | 680 |
|  | $ | 8,447 |  |  | $ | 4,757 |  |  | $ | 2,154 |  |  | $ | 1,302 |  |  | $ | 16,659 |
|  | Year ended December 31, 2019 |
|  | North America |  |  | Europe |  |  | International Markets |  |  | Other activities |  |  | Total |
|  | (U.S.$ in millions) |
Sale of goods |  |  | 6,941 |  |  |  | 4,770 |  |  |  | 2,045 |  |  |  | 754 |  |  |  | 14,510 |
Licensing arrangements |  |  | 109 |  |  |  | 29 |  |  |  | 4 |  |  |  | 5 |  |  |  | 147 |
Distribution |  |  | 1,492 |  |  |  | 2 |  |  |  | 20 |  |  |  | — |  |  |  | 1,514 |
Other |  |  | § |  |  |  | (6 | ) |  |  | 177 |  |  |  | 545 |  |  |  | 716 |
|  | $ | 8,542 |  |  | $ | 4,795 |  |  | $ | 2,246 |  |  | $ | 1,304 |  |  | $ | 16,887 |
|  | Year ended December 31, 2018 |
|  | North America |  |  | Europe |  |  | International Markets |  |  | Other activities |  |  | Total |
|  | (U.S.$ in millions) |
Sale of goods |  |  | 7,838 |  |  |  | 5,153 |  |  |  | 2,151 |  |  |  | 739 |  |  |  | 15,881 |
Licensing arrangements |  |  | 111 |  |  |  | 23 |  |  |  | 22 |  |  |  | 9 |  |  |  | 165 |
Distribution |  |  | 1,347 |  |  |  | 7 |  |  |  | 19 |  |  |  | — |  |  |  | 1,373 |
Other |  |  | 1 |  |  |  | 3 |  |  |  | 230 |  |  |  | 618 |  |  |  | 852 |
|  | $ | 9,297 |  |  | $ | 5,186 |  |  | $ | 2,422 |  |  | $ | 1,366 |  |  | $ | 18,271 |
§ | Represents an amount less than $1 million.
Variable consideration Variable consideration mainly includes SR&A, comprised of rebates (including Medicaid and other governmental program discounts), chargebacks, returns and other promotional (including shelf stock adjustments) items. Provisions for prompt payment discounts are netted against trade receivables. The Company recognizes these provisions at the time of sale and adjusts them if the actual amounts differ from the estimated provisions. For description of the nature of each deduction and how provisions are estimated see note 1. SR&A to U.S. customers comprised approximately 79% of the Company’s total SR&A as of December 31, 2020, with the remaining balance primarily in Canada and Germany. The changes in SR&A for third-party sales for the period ended December 31, 2019 and 2020 were as follows:
|  | Sales Reserves and Allowances |  |  |  |
|  | Reserves included in Accounts Receivable, net |  |  | Rebates |  |  | Medicaid and other governmental allowances |  |  | Chargebacks |  |  | Returns |  |  | Other |  |  | Total reserves included in Sales Reserves and Allowances |  |  | Total |
|  | (U.S.$ in millions) |
Balance at January 1, 2019 |  | $ | 175 |  |  |  | 3,006 |  |  | $ | 1,361 |  |  | $ | 1,530 |  |  | $ | 638 |  |  | $ | 176 |  |  | $ | 6,711 |  |  | $ | 6,886 |
Provisions related to sales made in current year period |  |  | 383 |  |  |  | 5,552 |  |  |  | 976 |  |  |  | 9,565 |  |  |  | 281 |  |  |  | 394 |  |  |  | 16,767 |  |  | $ | 17,150 |
Provisions related to sales made in prior periods |  |  | — |  |  |  | (92 | ) |  |  | (151 | ) |  |  | (17 | ) |  |  | 77 |  |  |  | (6 | ) |  |  | (189 | ) |  | $ | (189 | )
Credits and payments |  |  | (471 | ) |  |  | (5,570 | ) |  |  | (1,076 | ) |  |  | (9,736 | ) |  |  | (360 | ) |  |  | (392 | ) |  |  | (17,134 | ) |  | $ | (17,605 | )
Translation differences |  |  | — |  |  |  | (1 | ) |  |  | (1 | ) |  |  | 1 |  |  |  | 1 |  |  |  | 4 |  |  |  | 4 |  |  | $ | 4 |
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 |  |  | 391 |  |  |  | 4,703 |  |  |  | 744 |  |  |  | 8,438 |  |  |  | 459 |  |  |  | 71 |  |  |  | 14,415 |  |  | $ | 14,806 |
Provisions related to sales made in prior periods |  |  | — |  |  |  | (219 | ) |  |  | (184 | ) |  |  | (65 | ) |  |  | (28 | ) |  |  | (1 | ) |  |  | (497 | ) |  | $ | (497 | )
Credits and payments |  |  | (398 | ) |  |  | (5,360 | ) |  |  | (849 | ) |  |  | (8,614 | ) |  |  | (386 | ) |  |  | (100 | ) |  |  | (15,309 | ) |  | $ | (15,707 | )
Translation differences |  |  | — |  |  |  | 35 |  |  |  | 8 |  |  |  | 7 |  |  |  | 4 |  |  |  | 2 |  |  |  | 56 |  |  | $ | 56 |
Balance at December 31, 2020 |  | $ | 80 |  |  |  | 2,054 |  |  | $ | 828 |  |  | $ | 1,108 |  |  | $ | 686 |  |  | $ | 148 |  |  | $ | 4,824 |  |  | $ | 4,904 |

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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 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 + Details
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