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Accumulated other comprehensive income (loss)
 6 Months Ended
Jun. 30, 2024
Accumulated other comprehensive income (loss)
NOTE 14 – Accumulated other comprehensive income (loss):
The components of, and changes within, accumulated other comprehensive income (loss) attributable to Teva are presented in the table below:
 
 
  
Net Unrealized Gains (Losses)
 
  
Benefit Plans
 
  
 
 
 
  
Foreign
currency
translation
adjustments
 
  
Derivative
financial
instruments
 
  
Actuarial gains
(losses) and
prior service
(costs) credits
 
  
Total
 
 
  
(U.S. $ in millions)
 
Balance as of December 31, 2023, net of taxes
    $ (2,384 )     $ (266 )     $ (46 )     $ (2,697 ) 
  
 
 
     
 
 
     
 
 
     
 
 
  
Other comprehensive income (loss) before reclassifications
      (205 )       —         1        (204 ) 
Amounts reclassified to the statements of income
      —         14        (2 )       12  
  
 
 
     
 
 
     
 
 
     
 
 
  
Net other comprehensive income (loss) before tax
      (205 )       14        (1 )       (192 ) 
  
 
 
     
 
 
     
 
 
     
 
 
  
Corresponding income tax
      8        —         —         8  
  
 
 
     
 
 
     
 
 
     
 
 
  
Net other comprehensive income (loss) after tax*
      (197 )       14        (1 )       (184 ) 
  
 
 
     
 
 
     
 
 
     
 
 
  
Balance as of June 30, 2024, net of taxes
    $ (2,581 )     $ (252 )     $ (47 )     $ (2,881 ) 
  
 
 
     
 
 
     
 
 
     
 
 
  

*
Amounts do not include a $74 million loss from foreign currency translation adjustments attributable to
non-controlling
interests.
 
 
  
Net Unrealized Gains (Losses)
 
  
Benefit Plans
 
  
 
 
 
  
Foreign
currency
translation
adjustments
 
  
Derivative
financial
instruments
 
  
Actuarial gains
(losses) and
prior service
(costs) credits
 
  
Total
 
 
  
(U.S. $ in millions)
 
Balance as of December 31, 2022, net of taxes
    $ (2,514 )     $ (295 )     $ (28 )     $ (2,838 ) 
  
 
 
     
 
 
     
 
 
     
 
 
  
Other comprehensive income (loss) before reclassifications
      159        (5 )       —         154  
Amounts reclassified to the statements of income
      —         17        (1 )       16  
  
 
 
     
 
 
     
 
 
     
 
 
  
Net other comprehensive income (loss) before tax
      159        12        (1 )       170  
  
 
 
     
 
 
     
 
 
     
 
 
  
Corresponding income tax
      (9 )       —         —         (9 ) 
  
 
 
     
 
 
     
 
 
     
 
 
  
Net other comprehensive income (loss) after tax*
      150        12        (1 )       161  
  
 
 
     
 
 
     
 
 
     
 
 
  
Balance as of June 30, 2023, net of taxes
    $ (2,364 )     $ (283 )     $ (29 )     $ (2,677 ) 
  
 
 
     
 
 
     
 
 
     
 
 
  

*
Amounts do not include a $69 million loss from foreign currency translation adjustments attributable to
non-controlling
interests.