Company: BSX
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000885725-25-000026
Chunk: 123

Company: BOSTON SCIENTIFIC CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 8
Chunk 123
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 segments(232)Goodwill and other intangible asset impairment charges, acquisition/divestiture-related net charges (credits), restructuring and restructuring-related net charges (credits), certain litigation-related net charges (credits) and EU MDR implementation costs(209)Amortization expense(219)Operating income (loss) 921 Other income (expense), net(116)Income (loss) before income taxes$805 

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Three Months Ended March 31, 2024MedSurg% of net salesCardiovascular% of net salesTotalNet sales of reportable segments$1,417 $2,458 $3,875 Impact of foreign currency fluctuations(19)Total net sales3,856 Segment expenses:Cost of products sold381 26.9 %811 33.0 %1,192 Selling, general and administrative expenses439 31.0 %740 30.1 %1,180 Research and development expenses107 7.6 %228 9.3 %335 Other segment items(1)5 0.3 %4 0.2 %9 Segment operating income(2)485 34.2 %674 27.4 %1,159 Unallocated amounts:Corporate expenses, including hedging activities and impact of foreign currency fluctuations on operating income of reportable segments(146)Goodwill and other intangible asset impairment charges, acquisition/divestiture-related net charges (credits), restructuring and restructuring-related net charges (credits), certain litigation-related net charges (credits) and EU MDR implementation costs(124)Amortization expense(214)Operating income (loss) 675 Other income (expense), net(67)Income (loss) before income taxes$608 (1) Includes royalty expense.(2) Calculated as Net sales of reportable segments less Segment expenses. Three Months Ended March 31,Depreciation expense (in millions)20252024MedSurg$27 $24 Cardiovascular78 66 Consolidated depreciation expense$106 $90 As ofTotal assets (in millions)March 31, 2025December 31, 2024MedSurg$3,127 $3,093 Cardiovascular7,413 7,084 Total assets of reportable segments10,540 10,177 Goodwill17,340 17,089 Other intangible assets