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Debt obligations (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of Short-term Debt

a. Short-term debt:

										March 31,				December 31,
		Interest rate as of March 31, 2025				Maturity				2025				2024
										(U.S. $ in millions)
Convertible senior debentures			0.25	%			2026				23				23
Current maturities of long-term liabilities											398				1,758
Total short-term debt										$	421			$	1,781

Schedule of Senior Notes and Loans

b. Long-term debt:

		Interest rate as of March 31, 2025				Maturity				March 31, 2025				December 31, 2024
										(U.S. $ in millions)
Senior notes EUR 1,000 million (4)			6.00	%			2025				—				429
Senior notes USD 1,000 million (5)			7.13	%			2025				—				427
Senior notes EUR 900 million (6)			4.50	%			2025				—				515
Senior notes CHF 350 million			1.00	%			2025				398				387
Senior notes USD 3,500 million			3.15	%			2026				3,374				3,374
Senior notes EUR 700 million			1.88	%			2027				757				730
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				1,193				1,144
Senior notes USD 1,250 million			6.75	%			2028				1,250				1,250
Senior notes EUR 750 million			1.63	%			2028				812				778
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				866				835
Sustainability-linked senior notes EUR 1,500 million (2)(*)			4.38	%			2030				1,626				1,562
Sustainability-linked senior notes USD 500 million (3)(*)			8.13	%			2031				500				500
Sustainability-linked senior notes EUR 500 million (3)(*)			7.88	%			2031				542				521
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											16,687				17,821
Less current maturities											(398	)			(1,758	)
Less debt issuance costs											(59	)			(61	)
Total senior notes and loans										$	16,230			$	16,002

(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 January 2025, Teva repaid $426 million of its 6.00% senior notes due 2025 at maturity.

(5) In January 2025, Teva repaid $427 million of its 7.13% senior notes due 2025 at maturity.

(6) In March 2025, Teva repaid $515 million of its 4.50% 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 8c.

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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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