Company: BSX
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000885725-25-000011
Chunk: 166

Company: BOSTON SCIENTIFIC CORP
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 166
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-of-use assets are presented within Other long-term assets and corresponding liabilities are presented within Other current liabilities and Other long-term liabilities on our consolidated balance sheets. In December 2024, a previously executed lease for additional office and warehouse space with a noncancellable lease term of 25 years commenced, resulting in the recognition of a $122 million finance lease right-of-use asset, recorded in Property, plant, and equipment, net, in our consolidated balance sheets, as well as a corresponding current finance lease liability of less than $1 million, and noncurrent finance lease liability of $123 million, recorded in Current debt obligations and Long-term debt, respectively, in our consolidated balance sheets. The discount rate used to calculate the initial right-of-use asset and corresponding liability was 4.8%. Refer to Note E – Contractual Obligations and Commitments for information regarding our finance leases. The following table presents supplemental balance sheet information related to our operating leases:As of December 31,(in millions)20242023AssetsOperating lease right-of-use assets in Other long-term assets$449 $439 LiabilitiesOperating lease liabilities in Other current liabilities81 76 Operating lease liabilities in Other long-term liabilities401 390 The following table presents the weighted average remaining lease term and discount rate information related to our operating leases:As of December 31,20242023Weighted average remaining lease term9 years9 yearsWeighted average discount rate3.9%4.5%

98

Our operating lease cost under FASB ASC Topic 842 was $98 million in 2024, $96 million in 2023 and $91 million in 2022.The following table presents supplemental cash flow information related to our operating leases:Year Ended December 31,(in millions)20242023Cash paid for amounts included in the measurement of operating lease liabilitiesOperating cash flows from operating leases$97 $93 Right-of-use assets obtained in exchange for operating lease obligations were $117 million and $123 million for the years ended December 31, 2024 and 2023, respectively.The following table presents the maturities of our operating lease liabilities as of December 31, 2024 (in millions):Fiscal yearOperating Leases (1)2025$94 202684 202764 202852 202943 Thereafter227 Total future minimum operating lease payments564 Less: imputed interest82 Present value of operating lease liabilities$482 (1) Excludes expected