Company: BSX
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000885725-25-000026
Chunk: 43

Company: BOSTON SCIENTIFIC CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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 the lowest level of input that is significant to the measurement of fair value. The three levels of the hierarchy are defined as follows:•Level 1 – Inputs to the valuation methodology are quoted market prices for identical assets or liabilities.•Level 2 – Inputs to the valuation methodology are other observable inputs, including quoted market prices for similar assets or liabilities and market-corroborated inputs.•Level 3 – Inputs to the valuation methodology are unobservable inputs based on management’s best estimate of inputs market participants 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 March 31, 2025December 31, 2024(in millions)Level 1Level 2Level 3TotalLevel 1Level 2Level 3TotalAssets        Money market funds and time deposits$396 $— $— $396 $120 $— $— $120 Publicly-held equity securities17 — — 17 19 — — 19 Hedging instruments— 232 — 232 — 384 — 384 Licensing arrangements— — 17 17 — — 24 24  $413 $232 $17 $662 $139 $384 $24 $547 Liabilities        Hedging instruments$— $1,047 $— $1,047 $— $990 $— $990 Contingent consideration liability— — 214 214 — — 171 171 Licensing arrangements— — 21 21 — — 33 33  $— $1,047 $235 $1,282 $— $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 $396 million invested in money market funds and time deposits as of March 31, 2025 and $120 million as of December 31, 2024, we held $345 million in interest-bearing and non-interest-bearing bank accounts