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Accumulated other comprehensive income (loss)
 3 Months Ended
Mar. 31, 2025
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, 2024, net of taxes
    $ (2,857 )     $ (238 )     $ (52 )     $ (3,148 ) 
  
 
 
     
 
 
     
 
 
     
 
 
  
Other comprehensive income (loss) before reclassifications
      307        —         —         307  
Amounts reclassified to the statements of income
      —         7        (1 )       6  
Release of cumulative translation adjustments**
      181        —         —         181  
  
 
 
     
 
 
     
 
 
     
 
 
  
Net other comprehensive income (loss) before tax
      488        7        (1 )       494  
  
 
 
     
 
 
     
 
 
     
 
 
  
Corresponding income tax
      (21 )       —         —         (21 ) 
  
 
 
     
 
 
     
 
 
     
 
 
  
Net other comprehensive income (loss) after tax*
      467        7        (1 )       473  
  
 
 
     
 
 
     
 
 
     
 
 
  
Balance as of March 31, 2025, net of taxes
    $ (2,390 )     $ (231 )     $ (53 )     $ (2,675 ) 
  
 
 
     
 
 
     
 
 
     
 
 
  
 
*
Amounts do not include a $27 million gain from foreign currency translation adjustments attributable to redeemable and
non-redeemable
non-controlling
interests. 
**
In connection with the sale of Teva’s business venture in Japan. 
 
    
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
      (89 )       —         —         (89 ) 
Amounts reclassified to the statements of income
      —         7        (1 )       6  
  
 
 
     
 
 
     
 
 
     
 
 
  
Net other comprehensive income (loss) before tax
      (89 )       7        (1 )       (83 ) 
  
 
 
     
 
 
     
 
 
     
 
 
  
Corresponding income tax
      5        —         —         5  
  
 
 
     
 
 
     
 
 
     
 
 
  
Net other comprehensive income (loss) after tax*
      (84 )       7        (1 )       (78 ) 
  
 
 
     
 
 
     
 
 
     
 
 
  
Balance as of March 31, 2024, net of taxes
    $ (2,468 )     $ (259 )     $ (47 )     $ (2,775 ) 
  
 
 
     
 
 
     
 
 
     
 
 
  
 
*
Amounts do not include a $42 million loss from foreign currency translation adjustments attributable to
non-controlling
interests.