Company: BSX
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0000885725-25-000041
Chunk: 128

Company: BOSTON SCIENTIFIC CORP
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 128
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 would use in pricing the asset or liability at the measurement date, including assumptions about risk.Assets and liabilities measured at fair value on a recurring basis consist of the following:As of June 30, 2025December 31, 2024(in millions)Level 1Level 2Level 3TotalLevel 1Level 2Level 3TotalAssets        Money market funds and time deposits$182 $— $— $182 $120 $— $— $120 Publicly-held equity securities19 — — 19 19 — — 19 Hedging instruments— 91 — 91 — 384 — 384 Licensing arrangements— — 9 9 — — 24 24  $201 $91 $9 $301 $139 $384 $24 $547 Liabilities        Hedging instruments$— $1,416 $— $1,416 $— $990 $— $990 Contingent consideration liability— — 367 367 — — 171 171 Licensing arrangements— — 15 15 — — 33 33  $— $1,416 $382 $1,798 $— $990 $203 $1,194 Our investments in money market funds and time deposits are classified within Level 1 of the fair value hierarchy because they are valued using quoted market prices. These investments are classified as Cash and cash equivalents or Other current assets within our accompanying unaudited consolidated balance sheets, in accordance with GAAP and our accounting policies. In addition to $182 million invested in money market funds and time deposits as of June 30, 2025 and $120 million as of December 31, 2024, we held $388 million in interest-bearing and non-interest-bearing bank accounts as of June 30, 2025 and $364 million as of December 31, 2024.Our recurring fair value measurements using Level 3 inputs include those related to our contingent consideration liability. Refer to Note B – Acquisitions and Strategic Investments for a discussion of the changes in the fair value of our contingent consideration liability. Non-Recurring Fair Value MeasurementsWe hold certain assets and liabilities that are measured at fair value on a non-recurring basis in periods after initial recognition. The fair value