Company: BSX
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000885725-25-000050
Chunk: 67

Company: BOSTON SCIENTIFIC CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 67
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 and were $151 million as of September 30, 2025 and $140 million as of December 31, 2024.Refer to Note E – Contractual Obligations and Commitments to our audited financial statements contained in Item 8. Financial Statements and Supplementary Data of our most recent Annual Report on Form 10-K for additional information on our borrowings and credit agreements.LeasesIn the third quarter of 2025, we commenced a previously executed lease agreement for additional office and lab space in Maple Grove, Minnesota. The lease was classified as a finance lease, resulting in the recognition of a right-of-use asset of approximately $268 million and a corresponding lease liability of approximately $195 million as of September 30, 2025. The right-of-use asset is included within Property, plant and equipment, net, and the related lease liability is included within Current debt obligations within our accompanying unaudited consolidated balance sheets. The lease has a non-cancellable term of 20 years and includes a buyout option that is currently exercisable. We are reasonably certain we will exercise this option in the fourth quarter of 2025.

NOTE F – SUPPLEMENTAL BALANCE SHEET INFORMATIONComponents of selected captions within our accompanying unaudited consolidated balance sheets are as follows:Trade accounts receivable, net As of(in millions)September 30, 2025December 31, 2024Trade accounts receivable$2,961 $2,667 Allowance for credit losses(133)(109) $2,828 $2,558 

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The following is a roll forward of our Allowance for credit losses:Three Months Ended September 30,Nine Months EndedSeptember 30,(in millions)2025202420252024Beginning balance$112 $105 $109 $110 Credit loss expense28 10 49 30 Write-offs(7)(6)(25)(32)Ending balance$133 $109 $133 $109 Inventories As of(in millions)September 30, 2025December 31, 2024Finished goods$1,827 $1,798 Work-in-process245 193 Raw materials849 819  $2,921 $2,810 Other current assets As of(in millions)September 30, 2025December 31, 2024Restricted cash and restricted cash equivalents$98 $111 Derivative assets