Company: BSX
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000885725-25-000011
Chunk: 196

Company: BOSTON SCIENTIFIC CORP
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 196
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igation (ABO)ProjectedBenefitObligation (PBO)Fair value of Plan AssetsUnfunded/UnderfundedPBO RecognizedDomestic Retirement Plans$56 $60 $— $60 Other International Retirement Plans150 167 100 67  $206 $227 $100 $127  As of December 31, 2023(in millions)Accumulated Benefit Obligation (ABO)ProjectedBenefitObligation (PBO)Fair value of Plan AssetsUnfunded/Underfunded PBO RecognizedDomestic Retirement Plans$54 $59 $— $59 Other International Retirement Plans145 159 101 58  $199 $218 $101 $117 A reconciliation of the changes in the PBO for our retirement plans is as follows: Year Ended December 31,(in millions)20242023Beginning obligations$218 $207 Service costs10 10 Interest costs7 7 Actuarial (gain) loss10 (4)Plan curtailments/settlements— (0)Plan amendments and assumption changes4 6 Benefits paid(10)(10)Impact of foreign currency fluctuations(11)3 Ending obligation$227 $218 The critical assumptions associated with our employee retirement plans for 2024 are as follows: Weighted Average Discount RateWeighted Average Expected ReturnWeighted Average Rate of Compensation Increase(1)Domestic Retirement Plans5.28%n/a2.00%Other International Retirement Plans2.50%2.76%3.25%(1) Rates of compensation increase were not weighted by relative fair value. As such, the amount represents the median of the inputs and is not a weighted average.

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The critical assumptions associated with our employee retirement plans for 2023 are as follows: Weighted Average Discount RateWeighted Average Expected ReturnWeighted Average Rate of Compensation Increase(1)Domestic Retirement Plans4.89%n/a2.00%Other International Retirement Plans2.85%2.66%3.00%(1) Rates of compensation increase were not weighted by relative fair value. As such, the amount represents the median of the inputs and is not a weighted average.A reconciliation of the changes in the fair value of plan assets for our funded retirement plans is as follows: Year Ended December 31,(in millions)20242023Beginning fair value$101 $101 Actual return