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Debt obligations (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Short-term Debt

a. Short-term debt:

										December 31,
		Weighted average interest rate as of December 31, 2024				Maturity				2024				2023
										(U.S. $ in millions)
Convertible debentures			0.25	%			2026			$	23			$	23
Current maturities of long-term liabilities											1,758				1,649
Total short term debt										$	1,781			$	1,672

Schedule of Senior Notes and Loans

b. Long-term debt:

		Interest rate as of December 31, 2024				Maturity				December 31, 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				—				693
Senior notes EUR 1,000 million (6)			6.00	%			2025				429				453
Senior notes USD 1,000 million (7)			7.13	%			2025				427				427
Senior notes EUR 900 million			4.50	%			2025				515				547
Senior notes CHF 350 million			1.00	%			2025				387				416
Senior notes USD 3,500 million			3.15	%			2026				3,374				3,374
Senior notes EUR 700 million			1.88	%			2027				730				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				1,144				1,215
Senior notes USD 1,250 million			6.75	%			2028				1,250				1,250
Senior notes EUR 750 million			1.63	%			2028				778				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				835				884
Sustainability-linked senior notes EUR 1,500 million (2)(*)			4.38	%			2030				1,562				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				521				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											17,821				19,889
Other long-term debt											—				1
Less current maturities											(1,758	)			(1,649	)
Less debt issuance costs											(61	)			(80	)
Total senior notes and loans										$	16,002			$	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.

(6) In January 2025, Teva repaid $426 million of its 6% senior notes due 2025 at maturity.

(7) In January 2025, Teva repaid $427 million of its 7.13% senior notes due 2025 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, 2024, the required annual principal payments of long-term debt (excluding debt issuance costs), including convertible senior debentures, starting from the year 2026, are as follows:

		December 31, 2024
		(U.S. $ in millions)
2026*		$	3,397
2027			2,874
2028			2,028
2029			2,435
2030 and thereafter			5,352
		$	16,086

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

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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.

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

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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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