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Equity (Tables)

12 Months Ended

Dec. 31, 2021

Summary of Stock Option Activity

A summary of the status of the options granted by Teva as of December 31, 2021, 2020 and 2019, and changes during the years ended on those dates, is presented below (the number of options represents ordinary shares exercisable in respect thereof).

		Year ended December 31,
		2021								2020								2019
		Number (in thousands)				Weighted average exercise price				Number (in thousands)				Weighted average exercise price				Number (in thousands)				Weighted average exercise price
Balance outstanding at beginning of year			35,234			$	37.27				40,064			$	37.90				48,393			$	38.62
Changes during the year:
Exercised			—				—				—				—				(11	)			16.99
Forfeited			(3,644	)			36.09				(3,610	)			40.24				(8,318	)			42.12
Expired			(2,575	)			42.40				(1,220	)			49.35				—				—
Balance outstanding at end of year			29,015				36.96				35,234				37.27				40,064				37.90
Balance exercisable at end of year			26,989				38.30				28,556				40.56				26,601				43.41

No options were granted during 2019, 2020 and 2021.

Schedule of Ordinary Shares Issued Upon Outstanding Options

The following tables summarize information as of December 31, 2021 regarding the number of ordinary shares issuable upon (1) outstanding options and (2) vested options:

(1) Number of ordinary shares issuable upon exercise of outstanding options
Range of exercise prices		Balance at end of period (in thousands)				Weighted average exercise price				Weighted average remaining life
		Number of shares				$				Years
Lower than $15.01			592				11.40				5.84
$15.01 - $25.00			8,762				18.95				6.12
$25.01 - $35.00			6,364				34.61				5.16
$35.01 - $45.00			2,679				39.83				0.96
$45.01 - $55.00			6,801				51.01				3.18
$55.01 - $65.00			3,817				59.15				3.33
Total			29,015				36.96				4.37

Schedule of Ordinary Shares Issued Upon Vested Options

(2) Number of ordinary shares issuable upon exercise of vested options
Range of exercise prices		Balance at end of period (in thousands)				Weighted average exercise price				Weighted average remaining life
		Number of shares				$				Years
Lower than $15.01			592				11.40				5.84
$15.01 - $25.00			6,736				18.90				6.11
$25.01 - $35.00			6,364				34.61				5.16
$35.01 - $45.00			2,679				39.83				0.96
$45.01 - $55.00			6,801				51.01				3.18
$55.01 - $65.00			3,817				59.15				3.33
Total			26,989				38.30				4.24

Schedule of the Number of RSUs Issued and Outstanding

The following table summarizes information about the number of RSUs and PSUs granted and outstanding:

		Year ended December 31,
		2021								2020								2019
		Number (in thousands)				Weighted average grant date fair value				Number (in thousands)				Weighted average grant date fair value				Number (in thousands)				Weighted average grant date fair value
Balance outstanding at beginning of year			20,720			$	13.81				15,977			$	16.49				10,403			$	20.93
Granted			12,748				10.42				10,848				11.42				9,303				15.36
Vested			(6,818	)			15.60				(4,324	)			19.49				(2,435	)			30.24
Forfeited			(2,238	)			12.18				(1,781	)			18.18				(1,294	)			18.74
Balance outstanding at end of year			24,412				11.58				20,720				13.81				15,977				16.49

Summary of Company Expenses Compensation Costs Based on Grant Date Fair Value

The Company expenses compensation costs are based on the grant-date fair value. For the years ended December 31, 2021, 2020 and 2019, the Company recorded stock-based compensation costs as follows:

		Year ended December 31,
		2021				2020				2019
		(U.S. $ in millions)
Employee stock options		$	16			$	30			$	46
RSUs and PSUs			103				99				73
Total stock-based compensation expense			119				129				119
Tax effect on stock-based compensation expense			12				14				14
Net effect		$	107			$	115			$	105

Accumulated Other Comprehensive Income/(Loss) (Net of Tax)

The components of accumulated other comprehensive loss attributable to Teva are presented in the table below:

		Net Unrealized Gains/(Losses)												Benefit Plans
		Foreign currency translation adjustments				Available- for-sale securities				Derivative financial instruments				Actuarial gains/(losses) and prior service (costs)/credits				Total
		(U.S. $ in millions)
Balance as of January 1, 2019		$	(1,878	)		$	1			$	(504	)		$	(78	)		$	(2,459	)
Other comprehensive income/(loss) before reclassifications			100				(1	)			54				(11	)			142
Amounts reclassified to the statements of income			—				—				30				(10	)			20
Net other comprehensive income/(loss) before tax			100				(1	)			84				(21	)			162
Corresponding income tax			(16	)			—				—				1				(15	)
Net other comprehensive income/(loss) after tax*			84				(1	)			84				(20	)			147
Balance as of December 31, 2019			(1,794	)			—				(420	)			(98	)			(2,312	)
Other comprehensive income/(loss) before reclassifications			(190	)			—				22				(7	)			(175	)
Amounts reclassified to the statements of income			—				—				35				(12	)			23
Net other comprehensive income/(loss) before tax			(190	)			—				57				(19	)			(152	)
Corresponding income tax			65				—				—				1				66
Net other comprehensive income/(loss) after tax*			(125	)			—				57				(18	)			(86	)
Balance as of December 31, 2020			(1,919	)			—				(363	)			(117	)			(2,399	)
Other comprehensive income/(loss) before reclassifications			(386	)			—				—				18				(368	)
Amounts reclassified to the statements of income			—				—				39				18				57
Net other comprehensive income/(loss) before tax			(386	)			—				39				36				(311	)
Corresponding income tax			31				—				—				(4	)			27
Net other comprehensive income/(loss) after tax*			(355	)			—				39				32				(283	)
Balance as of December 31, 2021		$	(2,274	)			—			$	(324	)		$	(85	)		$	(2,683	)

* Amounts do not include foreign currency translation adjustments attributable to non-controlling interests of $107 million loss in 2021, $56 million gain in 2020 and $14 million gain in 2019.

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