Company: BSX
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000885725-25-000026
Chunk: 63

Company: BOSTON SCIENTIFIC CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 63
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. In addition, we have not identified material unfulfilled performance obligations for which revenue is not currently deferred. Variable Consideration

For additional information on variable consideration, refer to Note A – Significant Accounting Policies to our audited financial statements contained in Item 8. Financial Statements and Supplementary Data of our most recent Annual Report on Form 10-K. 

NOTE L – CHANGES IN OTHER COMPREHENSIVE INCOMEThe following tables provide the reclassifications out of Other comprehensive income (loss), net of tax attributable to Boston Scientific common stockholders: (in millions)Foreign Currency Translation AdjustmentNet Change in Derivative Financial InstrumentsNet Change in Defined Benefit Pensions and Other ItemsTotalBalance as of December 31, 2024$136 $155 $(16)$275 Other comprehensive income (loss) before reclassifications(212)(55)(0)(267)(Income) loss amounts reclassified from accumulated other comprehensive income(4)(31)(0)(35)Total other comprehensive income (loss)(216)(86)(0)(302)Balance as of March 31, 2025$(80)$69 $(17)$(28)(in millions)Foreign Currency Translation AdjustmentNet Change in Derivative Financial InstrumentsNet Change in Defined Benefit Pensions and Other ItemsTotalBalance as of December 31, 2023$(96)$154 $(8)$49 Other comprehensive income (loss) before reclassifications65 59 — 124 (Income) loss amounts reclassified from accumulated other comprehensive income(3)(38)(0)(41)Total other comprehensive income (loss)62 22 (0)83 Balance as of March 31, 2024$(34)$175 $(8)$132 Refer to Note D – Hedging Activities and Fair Value Measurements for further detail on our net investment hedges recorded in Foreign currency translation adjustment and our cash flow hedges recorded in Net change in derivative financial instruments.

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NOTE M – NEW ACCOUNTING PRONOUNCEMENTS Periodically, new accounting pronouncements are issued by the FASB or other standard setting bodies. Recently issued standards typically do not require adoption until a future effective date. Prior to their effective date, we evaluate the pronouncements to determine the potential effects of adoption on our accompanying unaudited consolidated financial statements. During the first quarter of 2025, we implemented the following standard on a prospective basis, which did not have a material impact on our unaudited consolidated financial statements:ASC Update No. 2023