Company: BSX
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000885725-25-000050
Chunk: 68

Company: BOSTON SCIENTIFIC CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 68
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97 305 Other505 414  $701 $831 Property, plant and equipment, net As of(in millions)September 30, 2025December 31, 2024Land$147 $144 Buildings and improvements2,536 2,019 Equipment, furniture and fixtures4,036 3,630 Capital in progress936 1,035  7,656 6,827 Less: accumulated depreciation3,861 3,533  $3,795 $3,294 Depreciation expense was $117 million and $334 million for the third quarter and first nine months of 2025, respectively, and $102 million and $290 million for the third quarter and first nine months of 2024, respectively.Other long-term assets As of(in millions)September 30, 2025December 31, 2024Restricted cash equivalents$103 $80 Operating lease right-of-use assets495 449 Investments643 555 Indemnification asset212 188 Other380 481  $1,832 $1,754 

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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.