Company: BSX
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000885725-25-000050
Chunk: 77

Company: BOSTON SCIENTIFIC CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 77
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 general and administrative expenses440 29.7 %791 28.9 %1,231 Research and development expenses113 7.6 %244 8.9 %357 Other segment items(1)(0)0.0 %5 0.2 %4 Segment operating income(2)518 34.9 %862 31.5 %1,380 Unallocated amounts:Corporate expenses, including hedging activities and impact of foreign currency fluctuations on operating income of reportable segments(234)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(205)Operating income (loss) 733 Other income (expense), net(65)Income (loss) before income taxes$669 

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Table of Contents

Nine Months Ended September 30, 2024MedSurg% of net salesCardiovascular% of net salesTotalNet sales of reportable segments$4,396 $7,863 $12,259 Impact of foreign currency fluctuations(73)Total net sales12,186 Segment expenses:Cost of products sold1,193 27.1 %2,500 31.8 %3,694 Selling, general and administrative expenses1,334 30.3 %2,327 29.6 %3,661 Research and development expenses335 7.6 %703 8.9 %1,038 Other segment items(1)9 0.2 %14 0.2 %23 Segment operating income(2)1,525 34.7 %2,318 29.5 %3,843 Unallocated amounts:Corporate expenses, including hedging activities and impact of foreign currency fluctuations on operating income of reportable segments(565)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(719)Amortization expense(631)Operating income (loss) 1,928 Other income (expense), net(231)Income (loss) before income taxes$1,697 (1) Includes royalty expense.(2