Company: BSX
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000885725-25-000026
Chunk: 50

Company: BOSTON SCIENTIFIC CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 50
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5 and December 31, 2024 we had not recognized a related liability for our outstanding letters of credit within our accompanying unaudited consolidated balance sheets.We have a supplier financing program offered primarily in the U.S. that enables our suppliers to opt to receive early payment at a nominal discount, while allowing us to lengthen our payment terms and optimize working capital. Our standard payment term in the U.S. is 90 days. All outstanding payables related to the supplier finance program are classified within Accounts Payable within our unaudited consolidated balance sheets and were $129 million as of March 31, 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.

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)March 31, 2025December 31, 2024Trade accounts receivable$2,806 $2,667 Allowance for credit losses(113)(109) $2,693 $2,558 The following is a roll forward of our Allowance for credit losses:Three Months Ended March 31,(in millions)20252024Beginning balance$109 $110 Credit loss expense17 9 Write-offs(13)(10)Ending balance$113 $109 

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Inventories As of(in millions)March 31, 2025December 31, 2024Finished goods$1,805 $1,798 Work-in-process218 193 Raw materials843 819  $2,867 $2,810 Other current assets As of(in millions)March 31, 2025December 31, 2024Restricted cash and restricted cash equivalents$103 $111 Derivative assets221 305 Other432 414  $756 $831 Property, plant and equipment, net As of(in millions)March 31, 2025December 31, 2024Land$145 $144 Buildings and improvements2,096 2,019 Equipment, furniture and fixtures3,781 3,630