Changes in Other Comprehensive Income

6 Months Ended

Jun. 30, 2024

Other Comprehensive Income (Loss), Net of Tax, Period Change [Abstract]

NOTE M – CHANGES IN OTHER COMPREHENSIVE INCOME

The following tables provide the reclassifications out of Other comprehensive income (loss), net of tax attributable to Boston Scientific common stockholders:


(in millions)	Foreign Currency Translation Adjustment		Net Change in Derivative Financial Instruments		Net Change in Defined Benefit Pensions and Other Items		Total
Balance as of March 31, 2024	$	(34)	$	175	$	(8)	$	132
Other comprehensive income (loss) before reclassifications	50		24		0		75
(Income) loss amounts reclassified from accumulated other comprehensive income	(3)		(40)		(0)		(44)
Total other comprehensive income (loss)	47		(16)		0		31
Balance as of June 30, 2024	$	13	$	159	$	(8)	$	164


(in millions)	Foreign Currency Translation Adjustment		Net Change in Derivative Financial Instruments		Net Change in Defined Benefit Pensions and Other Items		Total
Balance as of March 31, 2023	$	(43)	$	225	$	(4)	$	178
Other comprehensive income (loss) before reclassifications	17		58		—		74
(Income) loss amounts reclassified from accumulated other comprehensive income	(2)		(42)		(0)		(44)
Total other comprehensive income (loss)	15		15		(0)		30
Balance as of June 30, 2023	$	(28)	$	241	$	(4)	$	208


(in millions)	Foreign Currency Translation Adjustment		Net Change in Derivative Financial Instruments		Net Change in Defined Benefit Pensions and Other Items		Total
Balance as of December 31, 2023	$	(96)	$	154	$	(8)	$	49
Other comprehensive income (loss) before reclassifications	115		84		0		199
(Income) loss amounts reclassified from accumulated other comprehensive income	(6)		(78)		(0)		(84)
Total other comprehensive income (loss)	108		6		0		114
Balance as of June 30, 2024	$	13	$	159	$	(8)	$	164


(in millions)	Foreign Currency Translation Adjustment		Net Change in Derivative Financial Instruments		Net Change in Defined Benefit Pensions and Other Items		Total
Balance as of December 31, 2022	$	(1)	$	269	$	1	$	269
Other comprehensive income (loss) before reclassifications	(24)		67		(5)		39
(Income) loss amounts reclassified from accumulated other comprehensive income	(4)		(95)		(1)		(100)
Total other comprehensive income (loss)	(28)		(28)		(5)		(61)
Balance as of June 30, 2023	$	(28)	$	241	$	(4)	$	208

Refer to Note D – Hedging Activities and Fair Value Measurements for further detail on our net investment hedges recorded in Foreign currency translation adjustment and our cash flow hedges recorded in Net change in derivative financial instruments.