XML 65 R55.htm IDEA: XBRL DOCUMENT
v3.21.2

Derivative Instruments and Hedging Activities - Schedule Of Other Derivatives Not Designated As Hedging Instruments Statements OfFinancial Performance And Financial Position Location (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020
Net Revenues [Member] | Not Designated as Hedging Instrument [Member] |  |  |  |  |
Derivative [Line Items] |  |  |  |  |
Gain (Loss) on Derivative Instruments, Net, Pretax |  | $ (3,910) | $ (3,870) | $ (7,892) | $ (8,227)
Net Revenues [Member] | Not Designated as Hedging Instrument, Trading [Member] |  |  |  |  |
Derivative [Line Items] |  |  |  |  |
Gain (Loss) on Derivative Instruments, Net, Pretax | [1] |  |  |  |
Net Revenues [Member] | Not Designated as Hedging Instrument, Economic Hedge [Member] |  |  |  |  |
Derivative [Line Items] |  |  |  |  |
Gain (Loss) on Derivative Instruments, Net, Pretax | [2] | 15 | 20 | (13) | (40)
Financial expenses [Member] | Not Designated as Hedging Instrument [Member] |  |  |  |  |
Derivative [Line Items] |  |  |  |  |
Gain (Loss) on Derivative Instruments, Net, Pretax |  | 274 | 223 | 564 | 448
Financial expenses [Member] | Not Designated as Hedging Instrument, Trading [Member] |  |  |  |  |
Derivative [Line Items] |  |  |  |  |
Gain (Loss) on Derivative Instruments, Net, Pretax | [1] | 27 | $ 13 | (43) | 37
Financial expenses [Member] | Not Designated as Hedging Instrument, Economic Hedge [Member] |  |  |  |  |
Derivative [Line Items] |  |  |  |  |
Gain (Loss) on Derivative Instruments, Net, Pretax | [2] |  |  |  |
[1] | Teva uses foreign exchange contracts (mainly option and forward contracts) to hedge balance sheet items from currency exposure. These foreign exchange contracts are not designated as hedging instruments for accounting purposes. In connection with these foreign exchange contracts, Teva recognizes gains or losses that offset the revaluation of the balance sheet items also recorded under financial expenses, net.
[2] | Teva entered into option and forward contracts designed to limit the exposure of foreign exchange fluctuations on projected revenues and expenses recorded in euro, the Swiss franc, the Japanese yen, the British pound, the Russian ruble, the Canadian dollar and some other currencies to protect its projected operating results for 2021. These derivative instruments do not meet the criteria for hedge accounting, however, they are accounted for as an economic hedge. These derivative instruments, which may include hedging transactions against future projected revenues and expenses, are recognized on the balance sheet at their fair value on a quarterly basis, while the foreign exchange impact on the underlying revenues and expenses may occur in subsequent quarters. In 2020, Teva recognized a loss of $27 million in relation with the 2021 hedging program Teva entered into in the second half of 2020.[ In the first Six months of 2021, the positive impact from these derivatives recognized under revenues was $13 million. Changes in the fair value of the derivative instruments are recognized in the same line item in the statements of income as the underlying exposure being hedged. The cash flows associated with these derivatives are reflected as cash flows from operating activities in the consolidated statements of cash flows.

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DerivativeLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Aggregate net gain (loss) on all derivative instruments recognized in earnings during the period, before tax effects. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5618551-113959 + Details
Name: | us-gaap_GainLossOnDerivativeInstrumentsNetPretax
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Details
Name: | us-gaap_IncomeStatementLocationAxis=teva_NetRevenuesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_HedgingDesignationAxis=us-gaap_NotDesignatedAsHedgingInstrumentTradingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_HedgingDesignationAxis=us-gaap_NotDesignatedAsHedgingInstrumentEconomicHedgeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_IncomeStatementLocationAxis=teva_FinancialExpensesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |