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Debt obligations (Tables)

9 Months Ended

Sep. 30, 2025

Schedule of Short-term Debt

a. Short-term debt:

										September 30,				December 31,
		Interest rate as of September 30, 2025				Maturity				2025				2024
										(U.S. $ in millions)
Convertible senior debentures			0.25	%			2026				23				23
Current maturities of long-term liabilities and other											1				1,758
Total short-term debt										$	24			$	1,781

Schedule of Senior Notes and Loans

b. Long-term debt:

		Interest rate as of September 30, 2025				Maturity				September 30, 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 (12)			1.00	%			2025				—				387
Senior notes USD 3,500 million (10)			3.15	%			2026				1,798				3,374
Senior notes EUR 700 million			1.88	%			2027				820				730
Sustainability-linked senior notes USD 1,000 million (1)(*)(10)			4.75	%			2027				649				1,000
Sustainability-linked senior notes EUR 1,100 million (1)(*)			3.75	%			2027				1,290				1,144
Senior notes USD 1,250 million			6.75	%			2028				1,250				1,250
Senior notes EUR 750 million			1.63	%			2028				877				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)(*)(10)			7.88	%			2029				398				600
Sustainability-linked senior notes EUR 800 million (3)(*)(10)			7.38	%			2029				778				835
Sustainability-linked senior notes EUR 1,500 million (2)(*)			4.38	%			2030				1,760				1,562
Senior notes USD 700 million (7)			5.75	%			2030				696				—
Sustainability-linked senior notes USD 500 million (3)(*)			8.13	%			2031				500				500
Sustainability-linked senior notes EUR 500 million (3)(*)			7.88	%			2031				587				521
Senior notes EUR 1,000 million (8)			4.13	%			2031				1,165				—
Senior notes USD 500 million (9)			6.00	%			2032				496				—
Senior notes USD 789 million			6.15	%			2036				784				783
Senior notes USD 2,000 million			4.10	%			2046				1,988				1,986
Total senior notes											16,836				17,821
Less current maturities											—				(1,758	)
Less debt issuance costs (11)											(70	)			(61	)
Total senior notes and loans										$	16,766			$	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.

(7) In May 2025, Teva issued senior notes in an aggregate principal amount of $700 million bearing 5.75% annual interest and due December 2030.

(8) In May 2025, Teva issued senior notes in an aggregate principal amount of €1,000 million bearing 4.125% annual interest and due June 2031.

(9) In May 2025, Teva issued senior notes in an aggregate principal amount of $500 million bearing 6.00% annual interest and due December 2032.

(10) In June 2025, Teva consummated a cash tender offer and extinguished $1,579 million aggregate principal amount of its 3.15% senior notes due 2026; $351 million aggregate principal amount of its 4.75% senior notes due 2027; $202 million aggregate principal amount of its 7.88% senior notes due in 2029; and $157 million aggregate principal amount of its 7.38% senior notes due in 2029. The extinguishment resulted in a loss of $10 million which was recorded under financial expenses, net.

(11) Debt issuance costs as of September 30, 2025 include $20 million in connection with the issuance of the senior notes in May 2025, partially offset by $6 million acceleration of issuance costs related to the cash tender offer.

(12) In July 2025, Teva repaid $444 million of its 1% 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.

X

- 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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X

- 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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