Company: BSX
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000885725-25-000050
Chunk: 157

Company: BOSTON SCIENTIFIC CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 157
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 ItemsTotalBalance as of December 31, 2024$136 $155 $(16)$275 Other comprehensive income (loss) before reclassifications(709)(183)(0)(892)(Income) loss amounts reclassified from accumulated other comprehensive income(17)(54)(0)(72)Total other comprehensive income (loss)(726)(238)(1)(964)Balance as of September 30, 2025$(589)$(83)$(17)$(689)(in millions)Foreign Currency Translation AdjustmentNet Change in Derivative Financial InstrumentsNet Change in Defined Benefit Pensions and Other ItemsTotalBalance as of December 31, 2023$(96)$154 $(8)$49 Other comprehensive income (loss) before reclassifications(73)17 0 (56)(Income) loss amounts reclassified from accumulated other comprehensive income(10)(112)(0)(122)Total other comprehensive income (loss)(83)(95)0 (178)Balance as of September 30, 2024$(179)$59 $(8)$(128)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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Table of Contents

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.Standards to be ImplementedIn December 2023, the FASB issued ASC Update No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures which aims to enhance the transparency and decision usefulness of income tax disclosures. Update No. 2023-09 modifies the rules on income tax disclosures to require entities to annually disclose (1) specific categories in the rate reconciliation, (2) the income or loss from continuing operations before income tax expense or benefit (separated between domestic and foreign) and (3) income tax expense or benefit from continuing operations (separated by federal, state, and foreign). Update No. 2023-09 also requires entities to disclose their income tax payments to international, federal, state and local jurisdictions, among other changes. Update No. 2023-09