v3.26.3
Debt obligations (Tables)
 9 Months Ended
Sep. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Short-term Debt Short-term debt:
September 30,December 31,
Weighted average interest rate as of December 31, 2025Maturity20262025
(U.S. $ in millions)
Convertible debentures *
0.25 %2026$— $23 
Current maturities of long-term liabilities4,038 1,798 
Total short-term debt$4,038 $1,820 
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*    In February 2026, Teva repaid $23 million of the 0.25% convertible senior debentures at maturity.
Schedule of Long-term Debt Long-term debt:  
Interest rate as of September 30, 2026MaturitySeptember 30, 2026December 31, 2025
(U.S. $ in millions)
Senior notes USD 3,500 million (8)
3.15 %20261,798 1,798 
Senior notes EUR 700 million
1.88 %2027794 823 
Sustainability-linked senior notes USD 1,000 million (6)(9)
4.75 %2027199 649 
Sustainability-linked senior notes EUR 1,100 million (9)
3.75 %20271,247 1,292 
Senior notes USD 1,250 million (6)
6.75 %2028— 1,250 
Senior notes EUR 750 million
1.63 %2028850 880 
Sustainability-linked senior notes USD 1,000 million (9)
5.13 %20291,000 1,000 
Sustainability-linked senior notes USD 600 million (6)
7.88 %2029— 398 
Sustainability-linked senior notes EUR 800 million (6)
7.38 %2029— 779 
Sustainability-linked senior notes EUR 1,500 million (6)(9)
4.38 %2030398 1,762 
Senior notes USD 700 million
5.75 %2030697 696 
Sustainability-linked senior notes USD 500 million (6)
8.13 %2031— 500 
Sustainability-linked senior notes EUR 500 million (9)
7.88 %2031568 587 
Senior notes EUR 1,000 million
4.13 %20311,129 1,168 
Senior notes USD 500 million
6.00 %2032496 496 
Senior notes USD 1,200 million (1)
5.25 %20321,188 — 
Senior notes EUR 1,000 million (2)
4.25 %20331,120 — 
Senior notes USD 1,000 million (3)
5.50 %2034987 — 
Senior notes USD 789 million
6.15 %2036784 784 
Senior notes EUR 500 million (4)
4.63 %2036558 — 
Senior notes USD 1,000 million (5)
5.75 %2037985 — 
Senior notes USD 2,000 million
4.10 %20461,988 1,988 
Total senior notes16,786 16,850 
Less current maturities(4,038)(1,798)
Less debt issuance costs(69)(66)
Total senior notes and loans$12,680 $14,986 
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(1)In September 2026, Teva issued senior notes in an aggregate principal amount of $1,200 million bearing 5.25% annual interest and due January 2032.
(2)In September 2026, Teva issued senior notes in an aggregate principal amount of €1,000 million bearing 4.25% annual interest and due March 2033.
(3)In September 2026, Teva issued senior notes in an aggregate principal amount of $1,000 million bearing 5.50% annual interest and due January 2034.
(4)In September 2026, Teva issued senior notes in an aggregate principal amount of €500 million bearing 4.63% annual interest and due September 2036.
(5)In September 2026, Teva issued senior notes in an aggregate principal amount of $1,000 million bearing 5.75% annual interest and due January 2037.
(6)In September 2026, Teva consummated an early redemption and extinguished $450 million aggregate principal amount of its 4.75% senior notes due 2027; $1,250 million aggregate principal amount of its 6.75% senior notes due 2028; $398 million aggregate principal amount of its 7.88% senior notes due in 2029, €663 million aggregate principal amount of its 7.38% senior notes due in 2029, €1,150 million aggregate principal amount of its 4.38% senior notes due 2030; and $500 million aggregate principal amount of its 8.13% senior notes due in 2031. The extinguishment resulted in a loss of $224 million which was recorded under financial expenses, net.
(7)Debt issuance costs as of September 30, 2026, include $28 million in connection with the issuance of the senior notes in September 2026, partially offset by $14 million acceleration of issuance costs related to the early redemption.
(8)In October 2026, Teva repaid $1,798 million of its 3.15% senior notes due 2026 at maturity.
(9)The Company achieved all sustainability performance targets applicable to its sustainability-linked senior notes by the respective target dates. Therefore, no one-time premium or increased interest rate payments will become payable in respect of these notes.