Company: BSX
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0000885725-25-000041
Chunk: 145

Company: BOSTON SCIENTIFIC CORP
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 145
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 on operating income of reportable segments(185)Goodwill and other intangible asset impairment charges, acquisition/divestiture-related net charges (credits), restructuring and restructuring-related net charges (credits), certain litigation-related net charges (credits) and EU MDR implementation costs(386)Amortization expense(213)Operating income (loss) 520 Other income (expense), net(100)Income (loss) before income taxes$420 

32

Six months ended June 30, 2024MedSurg% of net salesCardiovascular% of net salesTotalNet sales of reportable segments$2,912 $5,123 $8,035 Impact of foreign currency fluctuations(59)Total net sales7,977 Segment expenses:Cost of products sold781 26.8 %1,662 32.4 %2,444 Selling, general and administrative expenses894 30.7 %1,536 30.0 %2,430 Research and development expenses221 7.6 %459 9.0 %681 Other segment items(1)9 0.3 %9 0.2 %18 Segment operating income(2)1,007 34.6 %1,456 28.4 %2,463 Unallocated amounts:Corporate expenses, including hedging activities and impact of foreign currency fluctuations on operating income of reportable segments(332)Goodwill and other intangible asset impairment charges, acquisition/divestiture-related net charges (credits), restructuring and restructuring-related net charges (credits), certain litigation-related net charges (credits) and EU MDR implementation costs(510)Amortization expense(427)Operating income (loss) 1,195 Other income (expense), net(167)Income (loss) before income taxes$1,028 (1) Includes royalty expense.(2) Calculated as Net sales of reportable segments less Segment expenses. Three Months EndedJune 30,Six Months EndedJune 30,Depreciation expense (in millions)2025202420252024MedSurg$28 $27 $55 $52 Cardiovascular83 71 162 136 Consolidated depreciation expense$111 $98 $217 $188 As ofTotal assets (in millions)June 30, 2025December 31, 2024MedSurg$3,331