Company: BSX
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000885725-25-000011
Chunk: 153

Company: BOSTON SCIENTIFIC CORP
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 153
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 Hedging Relationships on Accumulated Other Comprehensive IncomeAmount Recognized in OCI on HedgesConsolidated 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 TaxYear Ended December 31, 2024Forward currency contractsCash flow hedges$184 $(41)$142 Cost of products sold$5,257 $(183)$41 $(141)Net investment hedges(2)65 (15)51 Interest expense305 (18)4 (14)Foreign currency-denominated debtNet investment hedges(3)60 (13)46 Other, net16 — — — Interest rate derivative contractsCash flow hedges— — — Interest expense305 1 (0)1 Year Ended December 31, 2023Forward currency contractsCash flow hedges$81 $(18)$63 Cost of products sold$4,345 $(235)$53 $(182)Net investment hedges(2)32 (7)25 Interest expense265 (10)2 (8)Foreign currency-denominated debtNet investment hedges(3)(34)8 (27)Other, net93 — — — Interest rate derivative contractsCash flow hedges— — — Interest expense265 3 (1)2 Year Ended December 31, 2022Forward currency contractsCash flow hedges$276 $(62)$214 Cost of products sold$3,956 $(209)$47 $(162)Net investment hedges(2)41 (10)32 Interest expense470 (10)2 (8)Foreign currency-denominated debtNet investment hedges(3)61 (14)47 Other, net38 — — — Interest rate derivative contractsCash flow hedges— — — Interest expense470 16 (4)13 (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