| NOTE 8 – Leases: The components of operating lease cost for the years ended December 31, 2025, 2024 and 2023 were as follows:
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Operating lease cost: |
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Fixed payments and variable payments that depend on an index or rate |
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116 |
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123 |
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132 |
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Variable lease payments not included in the lease liability |
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16 |
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16 |
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5 |
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Short-term lease cost |
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4 |
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3 |
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3 |
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$ |
136 |
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$ |
142 |
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$ |
139 |
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| Supplemental cash flow information related to operating leases was as follows:
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Cash paid for amounts included in the measurement of lease liabilities: |
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Operating cash flows from operating leases |
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$ |
136 |
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$ |
143 |
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$ |
141 |
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assets obtained in exchange for lease obligations (non-cash): |
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Operating leases |
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$ |
65 |
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$ |
137 |
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$ |
121 |
| Supplemental balance sheet information related to operating leases was as follows:
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Operating leases: |
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Operating lease ROU assets |
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$ |
345 |
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$ |
367 |
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Other current liabilities |
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94 |
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87 |
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Operating lease liabilities |
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288 |
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296 |
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Total operating lease liabilities |
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$ |
382 |
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$ |
383 |
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Weighted average remaining lease term |
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Operating leases |
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5.7 years |
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6.1 years |
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Weighted average discount rate |
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Operating leases |
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6.9 |
% |
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6.5 |
% | Maturities of operating lease liabilities were as follows:
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2026 |
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116 |
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2027 |
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97 |
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2028 |
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71 |
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2029 |
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50 |
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2030 and thereafter |
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105 |
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Total operating lease payments |
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$ |
439 |
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Less: imputed interest |
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57 |
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Present value of lease liabilities |
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$ |
382 |
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| As of December 31, 2025, Teva’s total finance lease assets and finance lease liabilities were $43 million and $37 million, respectively. As of December 31, 2024, total finance lease assets and finance lease liabilities were $23 million and $18 million, respectively. The difference between those amounts is mainly due to amortization and short term liabilities. |