Company: BSX
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000885725-25-000050
Chunk: 55

Company: BOSTON SCIENTIFIC CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 55
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 hedges, we record the changes in the fair value of the derivatives within OCI until the underlying hedged transaction occurs. 

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Table of Contents

We had no interest rate derivative instruments designated as fair value hedges outstanding as of September 30, 2025 or December 31, 2024. In the event that we designate outstanding interest rate derivative instruments as fair value hedges, we record the changes in the fair values of interest-rate derivatives designated as fair value hedges and of the underlying hedged debt instruments in Interest expense, which generally offset.The following table presents the contractual amounts of our hedging instruments outstanding:(in millions)FASB ASC Topic 815 DesignationAs ofSeptember 30, 2025December 31, 2024Forward currency contractsCash flow hedge$6,684 $2,464 Forward currency contractsNet investment hedge1,341 741 Foreign currency-denominated debt(1)Net investment hedge997 997 Forward currency contractsNon-designated4,063 4,440 Total Notional Outstanding$13,084 $8,642 (1) Foreign currency-denominated debt is the €900 million debt principal associated with our December 2027 Notes designated as a net investment hedge.The remaining time to maturity as of September 30, 2025 is within 60 months for all forward currency contracts designated as cash flow hedges and generally less than one year for all non-designated forward currency contracts. The forward currency contracts designated as net investment hedges generally mature between one and two years. The euro-denominated debt principal designated as a net investment hedge has a contractual maturity of December 1, 2027.The following presents the effect of our derivative and nonderivative instruments designated as cash flow and net investment hedges under FASB ASC Topic 815 within our accompanying unaudited consolidated statements of operations. Refer to Note L – Changes in Other Comprehensive Income for the total amounts relating to derivative and nonderivative instruments presented within our accompanying unaudited consolidated statements of comprehensive income (loss).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