Company: BSX
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0000885725-25-000041
Chunk: 52

Company: BOSTON SCIENTIFIC CORP
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 52
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ated 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 Net of TaxThree Months Ended June 30, 2025Forward currency contractsCash flow hedges$(255)$57 $(198)Cost of products sold$1,637 $(21)$5 $(16)Net investment hedges(2)(61)14 (47)Interest expense90 (9)2 (7)Foreign currency-denominated debtNet investment hedges(3)(81)18 (63)Other, net(213)— — — Interest rate derivative contractsCash flow hedges— — — Interest expense90 0 (0)0 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 Net of TaxThree Months Ended June 30, 2024Forward currency contractsCash flow hedges$31 $(7)$24 Cost of products sold$1,270 $(52)$12 $(41)Net investment hedges(2)20 (5)16 Interest expense77 (4)1 (3)Foreign currency-denominated debtNet investment h