Company: BSX
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0000885725-25-000041
Chunk: 63

Company: BOSTON SCIENTIFIC CORP
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 63
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.6 %26 2.0 %Other Contractual Obligations and CommitmentsWe had outstanding letters of credit of $220 million as of June 30, 2025 and $206 million as of December 31, 2024, which consisted primarily of bank guarantees and collateral for workers' compensation insurance arrangements. As of June 30, 2025 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 $139 million as of June 30, 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)June 30, 2025December 31, 2024Trade accounts receivable$2,927 $2,667 Allowance for credit losses(112)(109) $2,815 $2,558 The following is a roll forward of our Allowance for credit losses:Three Months Ended June 30,Six Months EndedJune 30,(in millions)2025202420252024Beginning balance$113 $109 $109 $110 Credit loss expense4 12 21 21 Write-offs(5)(16)(18)(26)Ending balance$112 $105 $112 $105 

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Inventories As of(in millions)June 30, 2025December 31, 2024Finished goods$1,808 $1,798 Work-in-process218 193 Raw materials835 819  $2,861 $2,810 Other current assets As of(in