Company: BSX
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000885725-25-000050
Chunk: 135

Company: BOSTON SCIENTIFIC CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 135
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ation based on changes in the underlying hedged item.Recurring Fair Value MeasurementsOn a recurring basis, we measure certain financial assets and financial liabilities at fair value based upon quoted market prices. Where quoted market prices or other observable inputs are not available, we apply valuation techniques to estimate fair value. FASB ASC Topic 820 establishes a three-level valuation hierarchy for disclosure of fair value measurements. The category of a financial asset or a financial liability within the valuation hierarchy is based upon the lowest level of input that is significant to the measurement of fair value. The three levels of the hierarchy are defined as follows:•Level 1 – Inputs to the valuation methodology are quoted market prices for identical assets or liabilities.•Level 2 – Inputs to the valuation methodology are other observable inputs, including quoted market prices for similar assets or liabilities and market-corroborated inputs.•Level 3 – Inputs to the valuation methodology are unobservable inputs based on management’s best estimate of inputs market participants would use in pricing the asset or liability at the measurement date, including assumptions about risk.

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Assets and liabilities measured at fair value on a recurring basis consist of the following:As of September 30, 2025December 31, 2024(in millions)Level 1Level 2Level 3TotalLevel 1Level 2Level 3TotalAssets        Money market funds and time deposits$459 $— $— $459 $120 $— $— $120 Publicly-held equity securities17 — — 17 19 — — 19 Hedging instruments— 125 — 125 — 384 — 384 Licensing arrangements— — 3 3 — — 24 24  $476 $125 $3 $604 $139 $384 $24 $547 Liabilities        Hedging instruments$— $1,327 $— $1,327 $— $990 $— $990 Contingent consideration liability— — 378 378 — — 171 171 Licensing arrangements— — 7 7 — — 33 33  $— $1,327 $385 $1,712 $— $990 $203 $1,194 Our investments in money market funds and time deposits are classified within