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Accumulated other comprehensive income (loss)
3 Months Ended
Mar. 31, 2021
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, 2020, net of taxes
   $ (1,919   $ (363   $ (117   $ (2,399
    
 
 
   
 
 
   
 
 
   
 
 
 
Other comprehensive income (loss) before reclassifications
     (174     —         —         (174
Amounts reclassified to the statements of income
     —         9               9  
    
 
 
   
 
 
   
 
 
   
 
 
 
Net other comprehensive income (loss) before tax
     (174     9       —         (165
    
 
 
   
 
 
   
 
 
   
 
 
 
Corresponding income tax
     33       (2     —         31  
    
 
 
   
 
 
   
 
 
   
 
 
 
Net other comprehensive income (loss) after tax*
     (141     7       —         (134
    
 
 
   
 
 
   
 
 
   
 
 
 
Balance as of March 31, 2021, net of taxes
  
$
(2,060
 
$
(356
 
$
(117
 
$
(2,534
    
 
 
   
 
 
   
 
 
   
 
 
 
 
*
Amounts do not include a $67 million
 loss from foreign currency 
translation adjustments attributable to
non-controlling
interests
.
 
    
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, 2019, net of taxes
   $ (1,794    $ (420    $ (98    $ (2,312
    
 
 
    
 
 
    
 
 
    
 
 
 
Other comprehensive income (loss) before reclassifications
     (573      22        —          (551
Amounts reclassified to the statements of income
     —          8        —          8  
    
 
 
    
 
 
    
 
 
    
 
 
 
Net other comprehensive income (loss) before tax
     (573      30        —          (543
    
 
 
    
 
 
    
 
 
    
 
 
 
Corresponding income tax
     3        —          —          3  
    
 
 
    
 
 
    
 
 
    
 
 
 
Net other comprehensive income (loss) after tax*
     (570      30        —          (540
    
 
 
    
 
 
    
 
 
    
 
 
 
Balance as of March 31, 2020, net of taxes
   $ (2,364    $ (390    $ (98    $ (2,852
    
 
 
    
 
 
    
 
 
    
 
 
 
 
*
Amounts do not include a $10 million loss from foreign currency translation adjustments attributable to
non-controlling
interests
.