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Debt obligations (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Short-term Debt

a. Short-term debt:

										December 31,
		Weighted average interest rate as of December 31, 2022				Maturity				2022				2021
										(U.S. $ in millions)
Convertible debentures			0.25	%			2026				23				23
Current maturities of long-term liabilities											2,086				1,403
Total short term debt										$	2,109			$	1,426

Schedule of Senior Notes and Loans

b. Long-term debt:

		Weighted average interest rate as of December 31, 2022				Maturity				December 31, 2022				December 31, 2021
		%								(U.S. $ in millions)
Senior notes EUR 1,500 million			1.13	%			2024				670				708
Sustainability-linked senior notes EUR 1,500 million (1)(*)			4.38	%			2030				1,606				1,699
Senior notes EUR 1,300 million			1.25	%			2023				633				670
Sustainability-linked senior notes EUR 1,100 million (2)(*)			3.75	%			2027				1,177				1,246
Senior notes EUR 1,000 million			6.00	%			2025				1,070				1,134
Senior notes EUR 900 million			4.50	%			2025				963				1,020
Senior notes EUR 750 million			1.63	%			2028				800				844
Senior notes EUR 700 million (3)			3.25	%			2022				—				307
Senior notes EUR 700 million			1.88	%			2027				748				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 (5)			2.95	%			2022				—				715
Senior notes USD 789 million			6.15	%			2036				783				783
Senior notes CHF 350 million (4)			0.50	%			2022				—				382

		Weighted average interest rate as of December 31, 2022				Maturity				December 31, 2022				December 31, 2021
		%								(U.S. $ in millions)
Senior notes CHF 350 million			1.00	%			2025				382				383
Total senior notes											21,266				23,118
Other long-term debt											1				2
Less current maturities											(2,086	)			(1,403	)
Less debt issuance costs											(78	)			(100	)
Total senior notes and loans										$	19,103			$	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.

(5) In December 2022, Teva repaid $713 million of its 2.95% 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 10c.

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

As of December 31, 2022, the required annual principal payments of long-term debt (excluding debt discount and issuance costs and fair value hedge adjustments), including convertible senior debentures, starting from the year 2024, are as follows:

		December 31, 2022
		(U.S. $ in millions)
2024		$	1,921
2025			3,412
2026 *			3,523
2027			2,927
2028 and thereafter			7,448
		$	19,231

* Including $23 million convertible notes. See note 9a.

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

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-SubTopic 10
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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.

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