Company: BSX
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0000885725-25-000041
Chunk: 149

Company: BOSTON SCIENTIFIC CORP
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 149
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 (Income) loss amounts reclassified from accumulated other comprehensive income(3)(40)(0)(44)Total other comprehensive income (loss)47 (16)0 31 Balance as of June 30, 2024$13 $159 $(8)$164 (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)$275 Other comprehensive income (loss) before reclassifications(686)(252)(0)(938)(Income) loss amounts reclassified from accumulated other comprehensive income(11)(47)(0)(58)Total other comprehensive income (loss)(696)(300)(0)(996)Balance as of June 30, 2025$(560)$(145)$(17)$(722)(in millions)Foreign Currency Translation AdjustmentNet Change in Derivative Financial InstrumentsNet Change in Defined Benefit Pensions and Other ItemsTotalBalance as of December 31, 2023$(96)$154 $(8)$49 Other comprehensive income (loss) before reclassifications115 84 0 199 (Income) loss amounts reclassified from accumulated other comprehensive income(6)(78)(0)(84)Total other comprehensive income (loss)108 6 0 114 Balance as of June 30, 2024$13 $159 $(8)$164 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 six months 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. 2023-09ASC Update No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures enhances the transparency and decision usefulness of income tax disclosures. Update No. 2023-09 modifies the rules on income tax disclosures