Company: BSX
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000885725-25-000050
Chunk: 50

Company: BOSTON SCIENTIFIC CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 50
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Table of Contents

NOTE C – GOODWILL AND OTHER INTANGIBLE ASSETS The gross carrying amount of goodwill and other intangible assets and the related accumulated amortization for intangible assets subject to amortization and accumulated goodwill impairment charges are as follows:As of September 30, 2025As of December 31, 2024(in millions)Gross Carrying AmountAccumulated Amortization/ Write-offsGross Carrying AmountAccumulated Amortization/ Write-offsTechnology-related$14,634 $(9,145)$14,327 $(8,605)Patents492 (384)481 (381)Other intangible assets2,451 (1,700)2,380 (1,612)Amortizable intangible assets$17,577 $(11,228)$17,188 $(10,598)    Goodwill$28,114 $(9,900)$26,989 $(9,900)IPR&D$813 $94 Indefinite-lived intangible assets$813 $94 The increase in our balance of goodwill and intangible assets is related primarily to our recent acquisitions. Refer to Note B – Acquisitions and Strategic Investments for further detail.The following represents a roll forward of our goodwill balance by reportable segment:(in millions)MedSurgCardiovascularTotalBalance as of December 31, 2024$7,483 $9,606 $17,089 Goodwill acquired159 850 1,008 Impact of foreign currency fluctuations and purchase price adjustments44 72 117 Balance as of September 30, 2025$7,686 $10,528 $18,214 Goodwill and Other Intangible Asset ImpairmentsWe did not record any goodwill impairment charges in the first nine months of 2025 or 2024. We test our goodwill balances in the second quarter of each year as of April 1 for impairment, or more frequently if impairment indicators are present or changes in circumstances suggest an impairment may exist. We assess goodwill for impairment at the reporting unit level, which is defined as an operating segment or one level below an operating segment, referred to as a component. We identified the following reporting units for purposes of our annual goodwill impairment test: Interventional Cardiology, Rhythm Management, Peripheral Interventions, Endoscopy, Urology and Neuromodulation. Based on the criteria prescribed in FASB