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Debt obligations (Tables)

9 Months Ended

Sep. 30, 2024

Schedule of Short-term Debt

a. Short-term debt:

		Interest rate as of September 30, 2024				Maturity				September 30,				December 31,
										2024				2023
										(U.S. $ in millions)
Convertible senior debentures			0.25	%			2026				23				23
Current maturities of long-term liabilities											2,557				1,649
Total short-term debt										$	2,580			$	1,672

Schedule of Senior Notes and Loans

b. Long-term debt:

		Interest rate as of September 30, 2024				Maturity				September 30, 2024				December 31, 2023
										(U.S. $ in millions)
Senior notes USD 1,250 million (4)			6.00	%			2024				—				956
Senior notes EUR 1,500 million (5)			1.13	%			2024				700				693
Senior notes EUR 1,000 million			6.00	%			2025				459				453
Senior notes USD 1,000 million			7.13	%			2025				427				427
Senior notes EUR 900 million			4.50	%			2025				554				547
Senior notes CHF 350 million			1.00	%			2025				417				416
Senior notes USD 3,500 million			3.15	%			2026				3,374				3,374
Senior notes EUR 700 million			1.88	%			2027				781				771
Sustainability-linked senior notes USD 1,000 million (1)(*)			4.75	%			2027				1,000				1,000
Sustainability-linked senior notes EUR 1,100 million (1)(*)			3.75	%			2027				1,229				1,215
Senior notes USD 1,250 million			6.75	%			2028				1,250				1,250
Senior notes EUR 750 million			1.63	%			2028				834				826
Sustainability-linked senior notes USD 1,000 million (2)(*)			5.13	%			2029				1,000				1,000
Sustainability-linked senior notes USD 600 million (3)(*)			7.88	%			2029				600				600
Sustainability-linked senior notes EUR 800 million (3)(*)			7.38	%			2029				895				884
Sustainability-linked senior notes EUR 1,500 million (2)(*)			4.38	%			2030				1,676				1,656
Sustainability-linked senior notes USD 500 million (3)(*)			8.13	%			2031				500				500
Sustainability-linked senior notes EUR 500 million (3)(*)			7.88	%			2031				558				552
Senior notes USD 789 million			6.15	%			2036				783				783
Senior notes USD 2,000 million			4.10	%			2046				1,986				1,986
Total senior notes											19,023				19,889
Other long-term debt											2				1
Less current maturities											(2,557	)			(1,649	)
Less debt issuance costs											(68	)			(80	)
Total senior notes and loans										$	16,400			$	18,161

(1) 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.

(2) 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.

(3) 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.

(4) In April 2024, Teva repaid $956 million of its 6% senior notes due 2024 at maturity.

(5) In October 2024, Teva repaid $685 million of its 1.13% senior notes due 2024 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.

Long-term debt was issued by several indirect wholly-owned subsidiaries of the Company and is fully and unconditionally guaranteed by the Company as to payment of all principal, interest, discount and additional amounts, if any. The long-term debt outlined in the above table is generally redeemable at any time at varying redemption prices plus accrued and unpaid interest.

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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.

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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
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

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