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Legal Settlements and Loss Contingencies
12 Months Ended
Dec. 31, 2022
Legal Settlements and Loss Contingencies
NOTE 11—Legal settlements and loss contingencies:
Legal settlements and loss contingencies in 2022 were expenses of $
2,082
 million, compared to expenses of $
717
 million in 2021 and expense
s
of $
60
 million in 2020. The expenses in 2022 were mainly related to update
s
of the estimated settlement provision recorded in connection with the remaining opioid cases.
Legal settlements and loss contingencies in 2021 were mainly related to an update of the estimated settlement provision recorded in connection with the remaining opioid cases, the provision for the carvedilol patent litigation as well as a liability which was substantially offset by insurance receivable related to the Ontario Teachers Securities Litigation discussed in note 12b.
Legal settlements and loss contingencies in 2020 were mainly related to a fine imposed by the European Commission in relation to a 2005 patent settlement agreement and an increase of a reserve for certain product liability claims in the United States, partially offset by proceeds received following a settlement of the FCPA derivative proceedings in Israel and settlement of an action brought against the sellers of Auden McKenzie (an acquisition made by Actavis Generics).
As of December 31, 2022 and 2021, Teva’s provision for legal settlements and loss contingencies recorded under accrued expenses and other taxes and long-term liabilities was
 
$
4,186
 million and
 
$
2,710
 million, respectively. In connection with Teva’s provision for legal settlements and loss contingencies as of D
e
cember 31, 2021 related to the Ontario Teachers Securities Litigation, Teva also recognized an insurance receivable as mentioned above.