Company: BSX
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000885725-25-000050
Chunk: 144

Company: BOSTON SCIENTIFIC CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 144
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Table of Contents

Accrued expenses As of(in millions)September 30, 2025December 31, 2024Legal reserves$152 $177 Payroll and related liabilities1,305 1,288 Rebates606 494 Contingent consideration78 63 Other840 751  $2,981 $2,773 Other current liabilities As of(in millions)September 30, 2025December 31, 2024Deferred revenue$309 $306 Taxes payable174 268 Other379 313  $862 $887 Other long-term liabilities As of(in millions)September 30, 2025December 31, 2024Legal reserves$154 $149 Accrued income taxes403 357 Contingent consideration301 108 Operating lease liabilities445 401 Deferred revenue359 329 Other728 527  $2,390 $1,870 

NOTE G – INCOME TAXES The following table provides a reconciliation of our reported tax rate to the rate from continuing operations:Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024Reported tax rate19.5 %30.0 %17.2 %24.4 %Impact of certain receipts/charges(1)(1.4)%(12.3)%0.9 %(6.0)%Rate from continuing operations18.1 %17.7 %18.1 %18.3 %(1) These receipts/charges are taxed at different rates than our rate from continuing operations. Our reported tax rate is affected by recurring items such as the amount of our earnings subject to differing tax rates in foreign jurisdictions and the impact of certain receipts and charges that are taxed at rates that differ from our rate from continuing operations. In the third quarter and first nine months of 2025, the principal reason for the difference between the rate from continuing operations and our reported tax rate relates to certain acquisition-related net charges and certain discrete tax benefits primarily related to stock-based compensation. In the third quarter of 2024, the principal reason for the difference between the rate from continuing operations and our reported tax rate relates to certain acquisition-related net charges. In the first nine months of 2024, the principal reasons for the difference between the rate from continuing operations and our reported tax rate relate to certain acquisition-related net charges