Company: BSX
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0000885725-25-000041
Chunk: 125

Company: BOSTON SCIENTIFIC CORP
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 125
---
-Tax (Gain) LossTax (Benefit) Expense(Gain) Loss Net of TaxSix Months Ended June 30, 2025Forward currency contractsCash flow hedges$(325)$73 $(252)Cost of products sold$3,090 $(61)$14 $(48)Net investment hedges(2)(78)18 (60)Interest expense172 (14)3 (11)Foreign currency-denominated debtNet investment hedges(3)(119)27 (93)Other, net(179)— — — Interest rate derivative contractsCash flow hedges— — — Interest expense172 0 (0)0 Effect of Hedging Relationships on Accumulated Other Comprehensive IncomeAmount Recognized in OCI on HedgesUnaudited Consolidated Statements of Operations(1)Amount Reclassified from AOCI into Earnings(in millions)Pre-Tax Gain (Loss)Tax Benefit (Expense)Gain (Loss) Net of TaxLocation of Amount Reclassified and Total Amount of Line ItemPre-Tax (Gain) LossTax (Benefit) Expense(Gain) Loss Net of TaxSix Months Ended June 30, 2024Forward currency contractsCash flow hedges$108 $(24)$84 Cost of products sold$2,479 $(101)$23 $(79)Net investment hedges(2)48 (11)37 Interest expense146 (8)2 (6)Foreign currency-denominated debtNet investment hedges(3)32 (7)25 Other, net21 — — — Interest rate derivative contractsCash flow hedges— — — Interest expense146 1 (0)1 (1) In all periods presented in the table above, the pre-tax (gain) loss amounts reclassified from AOCI to earnings represent the effect of the hedging relationships on earnings. (2) For our outstanding forward currency contracts designated as net investment hedges, the net gain or loss reclassified from AOCI to earnings as a reduction of Interest expense represents the straight-line amortization of the excluded component as calculated at the date of designation. This initial value of the excluded component has been excluded from the assessment of effectiveness in accordance with FASB ASC Topic 815. In the current and prior periods, we did not recognize any gains or losses on the components included in the assessment of hedge effectiveness in earnings.(3) For our outstanding euro-denominated debt