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v3.22.1

Debt obligations (Tables) | 3 Months Ended
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Mar. 31, 2022
Schedule of Short-term Debt | a. Short-term debt:
|  |  |  |  |  |  |  | March 31, |  |  | December 31, |
|  | Weighted average interest rate as of March 31, 2022 |  |  | Maturity |  |  | 2022 |  |  | 2021 |
|  |  |  |  |  |  |  | (U.S. $ in millions) |
Convertible senior debentures |  |  | 0.25 | % |  |  | 2026 |  |  |  | 23 |  |  |  | 23 |
Current maturities of long-term liabilities (1) |  |  |  |  |  |  |  |  |  |  | 2,054 |  |  |  | 1,403 |
Total short-term debt |  |  |  |  |  |  |  |  |  | $ | 2,077 |  |  | $ | 1,426 |
(1) | In April 2022, Teva repaid $302 million of its 3.25% senior notes at maturity.
Schedule of Senior Notes and Loans | b. Long-term debt:
|  | Weighted average interest rate as of March 31, 2022 |  |  | Maturity |  |  | March 31, 2022 |  |  | December 31, 2021 |
|  |  |  |  |  |  |  | (U.S. $ in millions) |
Senior notes EUR 1,500 million |  |  | 1.13 | % |  |  | 2024 |  |  |  | 698 |  |  |  | 708 |
Sustainability-linked senior notes EUR 1,500 million (1)(*) |  |  | 4.38 | % |  |  | 2030 |  |  |  | 1,674 |  |  |  | 1,699 |
Senior notes EUR 1,300 million |  |  | 1.25 | % |  |  | 2023 |  |  |  | 660 |  |  |  | 670 |
Sustainability-linked senior notes EUR 1,100 million (2)(*) |  |  | 3.75 | % |  |  | 2027 |  |  |  | 1,228 |  |  |  | 1,246 |
Senior notes EUR 1,000 million |  |  | 6.00 | % |  |  | 2025 |  |  |  | 1,117 |  |  |  | 1,134 |
Senior notes EUR 900 million |  |  | 4.50 | % |  |  | 2025 |  |  |  | 1,004 |  |  |  | 1,020 |
Senior notes EUR 750 million |  |  | 1.63 | % |  |  | 2028 |  |  |  | 833 |  |  |  | 844 |
Senior notes EUR 700 million (3) |  |  | 3.25 | % |  |  | 2022 |  |  |  | 302 |  |  |  | 307 |
Senior notes EUR 700 million |  |  | 1.88 | % |  |  | 2027 |  |  |  | 780 |  |  |  | 792 |
Senior notes USD 3,500 million |  |  | 3.15 | % |  |  | 2026 |  |  |  | 3,496 |  |  |  | 3,496 |
Senior notes USD 3,000 million |  |  | 2.80 | % |  |  | 2023 |  |  |  | 1,453 |  |  |  | 1,453 |
Senior notes USD 2,000 million |  |  | 4.10 | % |  |  | 2046 |  |  |  | 1,986 |  |  |  | 1,986 |
Senior notes USD 1,250 million |  |  | 6.00 | % |  |  | 2024 |  |  |  | 1,250 |  |  |  | 1,250 |
Senior notes USD 1,250 million |  |  | 6.75 | % |  |  | 2028 |  |  |  | 1,250 |  |  |  | 1,250 |
Senior notes USD 1,000 million |  |  | 7.13 | % |  |  | 2025 |  |  |  | 1,000 |  |  |  | 1,000 |
Sustainability-linked senior notes USD 1,000 million (2)(*) |  |  | 4.75 | % |  |  | 2027 |  |  |  | 1,000 |  |  |  | 1,000 |
Sustainability-linked senior notes USD 1,000 million (1)(*) |  |  | 5.13 | % |  |  | 2029 |  |  |  | 1,000 |  |  |  | 1,000 |
Senior notes USD 844 million |  |  | 2.95 | % |  |  | 2022 |  |  |  | 714 |  |  |  | 715 |
Senior notes USD 789 million |  |  | 6.15 | % |  |  | 2036 |  |  |  | 783 |  |  |  | 783 |
Senior notes CHF 350 million |  |  | 0.50 | % |  |  | 2022 |  |  |  | 378 |  |  |  | 382 |
Senior notes CHF 350 million |  |  | 1.00 | % |  |  | 2025 |  |  |  | 380 |  |  |  | 383 |
Total senior notes |  |  |  |  |  |  |  |  |  |  | 22,985 |  |  |  | 23,118 |
Other long-term debt |  |  |  |  |  |  |  |  |  |  | 2 |  |  |  | 2 |
Less current maturities |  |  |  |  |  |  |  |  |  |  | (2,054 | ) |  |  | (1,403 | )
Less debt issuance costs |  |  |  |  |  |  |  |  |  |  | (93 | ) |  |  | (100 | )
Total senior notes and loans |  |  |  |  |  |  |  |  |  | $ | 20,840 |  |  | $ | 21,617 |
(1) | If Teva fails to achieve certain sustainability performance targets, the interest rate shall increase by 0.125%-0.375% per annum, from and including May 9, 2026.
(2) | If Teva fails to achieve certain sustainability performance targets, a one-time premium payment of 0.15%-0.45% out of the principal amount will be paid at maturity or upon earlier redemption, if such redemption is on or after May 9, 2026.
(3) | In April 2022, Teva repaid $302 million of its 3.25% senior notes at maturity.
* | Interest rate adjustments and a potential one-time premium payment related to the sustainability-linked bonds are treated as bifurcated embedded derivatives. See note 8d.

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- Definition A schedule of data and information pertaining to long-debt instruments or arrangements, excluding convertible debt, that includes identification, terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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- Definition Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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