Company: BSX
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000885725-25-000026
Chunk: 103

Company: BOSTON SCIENTIFIC CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 8
Chunk 103
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edges(2)(17)4 (13)Interest expense82 (5)1 (4)Foreign currency-denominated debtNet investment hedges(3)(38)9 (30)Other, net34 — — — Interest rate derivative contractsCash flow hedges— — — Interest expense82 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 March 31, 2024Forward currency contractsCash flow hedges$76 $(17)$59 Cost of products sold$1,209 $(49)$11 $(38)Net investment hedges(2)27 (6)21 Interest expense69 (4)1 (3)Foreign currency-denominated debtNet investment hedges(3)23 (5)18 Other, net(2)— — — Interest rate derivative contractsCash flow hedges— — — Interest Expense69 1 (0)0 (1) In all periods presented in the table above, the pre-tax (gain) loss amounts reclassified from AOCI to earnings represent the effect of the hedging relationships on earnings. (2) For our outstanding forward currency contracts designated as net investment hedges, the net gain or loss reclassified from AOCI to earnings as a reduction of Interest expense represents the straight-line amortization of the excluded component as calculated at the date of designation. This initial value of the excluded component has been excluded from the assessment of effectiveness in accordance with FASB ASC Topic 815. In the current and prior periods, we did not recognize any gains or losses on the components included in the assessment of hedge effectiveness in earnings.(3) For our outstanding euro-denominated debt principal designated as a net investment hedge, the change in fair value attributable to changes in the spot rate is recorded in the CTA component of OCI. No amounts were reclassified from AOCI to current period earnings.As of March 31, 2025, pre-tax net gains or losses for our derivative instruments designated,