Company: BSX
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0000885725-25-000041
Chunk: 136

Company: BOSTON SCIENTIFIC CORP
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 136
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 Less: accumulated depreciation3,783 3,533  $3,461 $3,294 Depreciation expense was $111 million for the second quarter of 2025, $98 million for the second quarter of 2024, $217 million for the first six months of 2025 and $188 million for the first six months of 2024.Other long-term assets As of(in millions)June 30, 2025December 31, 2024Restricted cash equivalents$98 $80 Operating lease right-of-use assets492 449 Investments626 555 Indemnification asset206 188 Other442 481  $1,864 $1,754 

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Accrued expenses As of(in millions)June 30, 2025December 31, 2024Legal reserves$131 $177 Payroll and related liabilities1,183 1,288 Rebates573 494 Contingent consideration73 63 Other836 751  $2,797 $2,773 Other current liabilities As of(in millions)June 30, 2025December 31, 2024Deferred revenue$313 $306 Taxes payable173 268 Other467 313  $952 $887 Other long-term liabilities As of(in millions)June 30, 2025December 31, 2024Legal reserves$169 $149 Accrued income taxes387 357 Contingent consideration294 108 Operating lease liabilities440 401 Deferred revenue349 329 Other744 527  $2,383 $1,870 

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NOTE G – INCOME TAXES The following table provides a reconciliation of our reported tax rate to the rate from continuing operations:Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024Reported tax rate15.5 %23.4 %16.0 %20.7 %Impact of certain receipts/charges(1)2.9 %(4.6)%2.2 %(2.0)%Rate from continuing operations18.4 %18.8 %18.2 %18.7 %(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