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Debt obligations (Tables)

9 Months Ended

Sep. 30, 2022

Schedule of Short-term Debt

a. Short-term debt:

										September 30,				December 31,
		Weighted average interest rate as of September 30, 2022				Maturity				2022				2021
										(U.S. $ in millions)
Convertible senior debentures			0.25	%			2026				23				23
Current maturities of long-term liabilities											2,746				1,403
Total short-term debt										$	2,769			$	1,426

Required Annual Principal Payments of Long-term Debt, Excluding Debt Issuance Cost

b. Long-term debt:

		Weighted average interest rate as of September 30, 2022				Maturity				September 30, 2022				December 31, 2021
										(U.S. $ in millions)
Senior notes EUR 1,500 million			1.13	%			2024				614				708
Sustainability-linked senior notes EUR 1,500 million (1)(*)			4.38	%			2030				1472				1,699
Senior notes EUR 1,300 million			1.25	%			2023				578				670
Sustainability-linked senior notes EUR 1,100 million (2)(*)			3.75	%			2027				1080				1,246
Senior notes EUR 1,000 million			6.00	%			2025				983				1,134
Senior notes EUR 900 million			4.50	%			2025				883				1,020
Senior notes EUR 750 million			1.63	%			2028				733				844
Senior notes EUR 700 million (3)			3.25	%			2022				—				307
Senior notes EUR 700 million			1.88	%			2027				686				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				715				715
Senior notes USD 789 million			6.15	%			2036				783				783
Senior notes CHF 350 million (4)			0.50	%			2022				—				382
Senior notes CHF 350 million			1.00	%			2025				360				383
Total senior notes											21,322				23,118
Other long-term debt											2				2
Less current maturities											(2,746	)			(1,403	)
Less debt issuance costs											(81	)			(100	)
Total senior notes and loans										$	18,497			$	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 $296 million of its 3.25% senior notes at maturity.

(4) In July 2022, Teva repaid $365 million of its 0.50% 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 8c.

X

- Definition

Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601

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X

- 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 https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

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