XML 68 R57.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Debt Obligations - Schedule of Senior Notes and Loans (Parenthetical) (Detail)
$ in Millions
 3 Months Ended
Mar. 31, 2024
USD ($)
Senior Notes [Member]  
Debt Instrument [Line Items]  
Senior notes repaid amount $ 956
Senior notes maturity percentage 6.00%
Senior notes EUR 1,500 million [Member]  
Debt Instrument [Line Items]  
Debt instrument face amount $ 1,500
Debt Instrument Maturity Year 2024
Debt instrument, interest rate, effective percentage 1.13%
Senior notes EUR 750 million [Member]  
Debt Instrument [Line Items]  
Debt instrument face amount $ 750
Debt Instrument Maturity Year 2028
Debt instrument, interest rate, effective percentage 1.63%
Senior notes EUR 700 million [Member]  
Debt Instrument [Line Items]  
Debt instrument face amount $ 700
Debt Instrument Maturity Year 2027
Debt instrument, interest rate, effective percentage 1.88%
Senior notes EUR 1,000 million [Member]  
Debt Instrument [Line Items]  
Debt instrument face amount $ 1,000
Debt Instrument Maturity Year 2025 [1]
Debt instrument, interest rate, effective percentage 6.00% [1]
Debt instrument principal amount of debt extinguished $ 631
Senior notes EUR 900 million [Member]  
Debt Instrument [Line Items]  
Debt instrument face amount $ 900
Debt Instrument Maturity Year 2025 [1]
Debt instrument, interest rate, effective percentage 4.50% [1]
Debt instrument principal amount of debt extinguished $ 432
Senior notes USD 1,000 million [Member]  
Debt Instrument [Line Items]  
Debt instrument face amount $ 1,000
Debt Instrument Maturity Year 2025 [1]
Debt instrument, interest rate, effective percentage 7.13% [1]
Debt instrument principal amount of debt extinguished $ 574
Senior notes USD 3,500 million [Member]  
Debt Instrument [Line Items]  
Debt instrument face amount $ 3,500
Debt Instrument Maturity Year 2026 [1]
Debt instrument, interest rate, effective percentage 3.15% [1]
Debt instrument principal amount of debt extinguished $ 122
Senior notes USD 3,000 million [Member]  
Debt Instrument [Line Items]  
Debt instrument face amount $ 3,000
Debt instrument, interest rate, effective percentage 2.80%
Debt instrument principal amount of debt extinguished $ 454
Senior notes USD 2,000 million [Member]  
Debt Instrument [Line Items]  
Debt instrument face amount $ 2,000
Debt Instrument Maturity Year 2046
Debt instrument, interest rate, effective percentage 4.10%
Senior notes USD 1,250 million [Member]  
Debt Instrument [Line Items]  
Debt instrument face amount $ 1,250
Debt Instrument Maturity Year 2024 [1],[2]
Debt instrument, interest rate, effective percentage 6.00% [1],[2]
Debt instrument principal amount of debt extinguished $ 293
Senior notes USD 1,250 million [Member]  
Debt Instrument [Line Items]  
Debt instrument face amount $ 1,250
Debt Instrument Maturity Year 2028
Debt instrument, interest rate, effective percentage 6.75%
Senior notes USD 789 million [Member]  
Debt Instrument [Line Items]  
Debt instrument face amount $ 789
Debt Instrument Maturity Year 2036
Debt instrument, interest rate, effective percentage 6.15%
Senior notes CHF 350 Million [Member]  
Debt Instrument [Line Items]  
Debt instrument face amount $ 350
Debt Instrument Maturity Year 2025
Debt instrument, interest rate, effective percentage 1.00%
Sustainability-linked senior notes EUR 1,500 million [Member]  
Debt Instrument [Line Items]  
Debt instrument face amount $ 1,500
Debt Instrument Maturity Year 2030 [3],[4]
Debt instrument, interest rate, effective percentage 4.38% [3],[4]
Sustainability-linked senior notes EUR 1,100 million [Member]  
Debt Instrument [Line Items]  
Debt instrument face amount $ 1,100
Debt Instrument Maturity Year 2027 [4],[5]
Debt instrument, interest rate, effective percentage 3.75% [4],[5]
Sustainability-linked senior notes USD 1,000 million [Member]  
Debt Instrument [Line Items]  
Debt instrument face amount $ 1,000
Debt Instrument Maturity Year 2027 [4],[5]
Debt instrument, interest rate, effective percentage 4.75% [4],[5]
Sustainability Senior Linked Loans Due Two Thousand And Thirty One Two [Member]  
Debt Instrument [Line Items]  
Debt instrument face amount $ 500
Debt instrument month of maturity 2031-09
Long term debt bearing fixed interest rate percentage 8.13%
Sustainability Senior Linked Loans Due Two Thousand And Thirty One Two [Member] | Maximum [Member] | From September Fifteenth Two Thousand And Twenty Six [Member]  
Debt Instrument [Line Items]  
Debt Instrument, Interest Rate, Increase (Decrease) 0.30%
Sustainability Senior Linked Loans Due Two Thousand And Thirty One Two [Member] | Minimum [Member] | From September Fifteenth Two Thousand And Twenty Six [Member]  
Debt Instrument [Line Items]  
Debt Instrument, Interest Rate, Increase (Decrease) 0.10%
Sustainability-linked senior notes USD 600 million [Member]  
Debt Instrument [Line Items]  
Debt instrument face amount $ 600
Debt Instrument Maturity Year 2029 [4],[6]
Debt instrument, interest rate, effective percentage 7.88% [4],[6]
Debt instrument month of maturity 2029-09
Long term debt bearing fixed interest rate percentage 7.88%
Sustainability-linked senior notes USD 600 million [Member] | Maximum [Member] | From September Fifteenth Two Thousand And Twenty Six [Member]  
Debt Instrument [Line Items]  
Debt Instrument, Interest Rate, Increase (Decrease) 0.30%
Sustainability-linked senior notes USD 600 million [Member] | Minimum [Member] | From September Fifteenth Two Thousand And Twenty Six [Member]  
Debt Instrument [Line Items]  
Debt Instrument, Interest Rate, Increase (Decrease) 0.10%
Sustainability-linked senior notes EUR 500 million [Member]  
Debt Instrument [Line Items]  
Debt instrument face amount $ 500
Debt instrument month of maturity 2031-09
Long term debt bearing fixed interest rate percentage 7.88%
Sustainability-linked senior notes EUR 500 million [Member] | Maximum [Member] | From September Fifteenth Two Thousand And Twenty Six [Member]  
Debt Instrument [Line Items]  
Debt Instrument, Interest Rate, Increase (Decrease) 0.30%
Sustainability-linked senior notes EUR 500 million [Member] | Minimum [Member] | From September Fifteenth Two Thousand And Twenty Six [Member]  
Debt Instrument [Line Items]  
Debt Instrument, Interest Rate, Increase (Decrease) 0.10%
Sustainability-linked senior notes EUR 800 million [Member]  
Debt Instrument [Line Items]  
Debt instrument face amount $ 800
Debt instrument month of maturity 2029-09
Long term debt bearing fixed interest rate percentage 7.38%
Sustainability-linked senior notes EUR 800 million [Member] | Maximum [Member] | From September Fifteenth Two Thousand And Twenty Six [Member]  
Debt Instrument [Line Items]  
Debt Instrument, Interest Rate, Increase (Decrease) 0.30%
Sustainability-linked senior notes EUR 800 million [Member] | Minimum [Member] | From September Fifteenth Two Thousand And Twenty Six [Member]  
Debt Instrument [Line Items]  
Debt Instrument, Interest Rate, Increase (Decrease) 0.10%
Sustainability-linked senior notes USD 500 million [Member]  
Debt Instrument [Line Items]  
Debt instrument face amount $ 500
Debt Instrument Maturity Year 2031 [4],[7]
Debt instrument, interest rate, effective percentage 8.13% [4],[7]
Sustainability-linked senior notes USD 1,000 million [Member]  
Debt Instrument [Line Items]  
Debt instrument face amount $ 1,000
Debt Instrument Maturity Year 2029 [4],[8]
Debt instrument, interest rate, effective percentage 7.38% [4],[8]
Interest Rate Increase [Member]  
Debt Instrument [Line Items]  
Debt Instrument, Maturity Date May 09, 2026
Interest Rate Increase [Member] | Maximum [Member]  
Debt Instrument [Line Items]  
Debt Instrument, Interest Rate, Increase (Decrease) 0.375%
Interest Rate Increase [Member] | Minimum [Member]  
Debt Instrument [Line Items]  
Debt Instrument, Interest Rate, Increase (Decrease) 0.125%
One Time Premium Payment [Member]  
Debt Instrument [Line Items]  
Debt Instrument, Maturity Date May 09, 2026
One Time Premium Payment [Member] | Maximum [Member]  
Debt Instrument [Line Items]  
Debt Instrument, Interest Rate, Increase (Decrease) 0.45%
One Time Premium Payment [Member] | Minimum [Member]  
Debt Instrument [Line Items]  
Debt Instrument, Interest Rate, Increase (Decrease) 0.15%
[1] In March 2023, Teva consummated a cash tender offer and extinguished $631 million aggregate principal amount of its 1,000 million euro 6% senior notes due in 2025; $432 million aggregate principal amount of its 900 million euro 4.5% senior notes due in 2025; $574 million aggregate principal amount of its $1,000 million 7.13% senior notes due in 2025; $454 million aggregate principal amount of its $3,000 million 2.8% senior notes due in 2023; $293 million aggregate principal amount of its $1,250 million 6% senior notes due in 2024 and $122 million aggregate principal amount of its $3,500 million 3.15% senior notes due in 2026.
[2] In April 2024, Teva repaid $956 million of its 6% senior notes at maturity.
[3] 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.
[4] 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.
[5] 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.
[6] In March 2023, Teva issued sustainability-linked senior notes in an aggregate principal amount of $600 million bearing 7.88% annual interest and due September 2029. If Teva fails to achieve certain sustainability performance targets, the interest rate shall increase by 0.100%-0.300% per annum, from and including September 15, 2026.
[7] In March 2023, Teva issued sustainability-linked senior notes in an aggregate principal amount of $500 million bearing 8.13% annual interest and due September 2031. If Teva fails to achieve certain sustainability performance targets, the interest rate shall increase by 0.100%-0.300% per annum, from and including September 15, 2026.
[8] In March 2023, Teva issued sustainability-linked senior notes in an aggregate principal amount of 800 million euro bearing 7.38% annual interest and due September 2029. If Teva fails to achieve certain sustainability performance targets, the interest rate shall increase by 0.100%-0.300% per annum, from and including September 15, 2026.