Boston Scientific (BSX) 10-Q 3 Aug 23 2023 Q2 Quarterly report Financial data

Cover Document

Cover Document - $ / shares	6 Months Ended
	Jun. 30, 2023	Jul. 31, 2023
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity File Number	1-11083
Entity Registrant Name	BOSTON SCIENTIFIC CORPORATION
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	04-2695240
Entity Address, Address Line One	300 Boston Scientific Way
Entity Address, City or Town	Marlborough
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	01752-1234
City Area Code	508
Local Phone Number	683-4000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Listing, Par Value Per Share	$ 0.01
Entity Common Stock, Shares Outstanding		1,464,223,263
Entity Central Index Key	0000885725
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Amendment Flag	false
Common Stock [Member]
Entity Information [Line Items]
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	BSX
Security Exchange Name	NYSE
Senior Note due 2027 [Member]
Entity Information [Line Items]
Title of 12(b) Security	0.625% Senior Notes due 2027
Trading Symbol	BSX27
Security Exchange Name	NYSE

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Net sales	$ 3,599	$ 3,244	$ 6,988	$ 6,270
Cost of products sold	1,058	1,011	2,098	1,966
Gross profit	2,542	2,233	4,891	4,304
Operating expenses:
Selling, general and administrative expenses	1,354	1,165	2,570	2,225
Research and development expenses	359	335	695	654
Royalty expense	12	11	23	23
Amortization expense	210	204	412	402
Intangible asset impairment charges	57	7	57	7
Contingent consideration net expense (benefit)	19	36	31	48
Restructuring net charges (credits)	16	11	36	14
Litigation-related net charges (credits)	0	42	0	42
Operating expenses	2,028	1,810	3,825	3,415
Operating income (loss)	514	423	1,066	889
Other income (expense):
Interest expense	(70)	(64)	(135)	(343)
Other, net	(18)	(14)	(61)	(46)
Income (loss) before income taxes	426	345	870	501
Income tax expense (benefit)	156	85	287	131
Net income (loss)	270	260	584	370
Preferred stock dividends	(9)	(14)	(23)	(28)
Net income (loss) attributable to noncontrolling interests	0	0	0	0
Net income (loss) attributable to Boston Scientific common stockholders	$ 261	$ 246	$ 561	$ 342
Net income (loss) per common share — basic	$ 0.18	$ 0.17	$ 0.39	$ 0.24
Net income (loss) per common share — diluted	$ 0.18	$ 0.17	$ 0.39	$ 0.24
Weighted-average shares outstanding
Basic	1,446.2	1,429.7	1,441	1,428.8
Diluted	1,456.2	1,437.8	1,451.1	1,438.1

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Net income (loss)	$ 270	$ 260	$ 584	$ 370
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustment	15	77	(28)	13
Net change in derivative financial instruments	15	134	(28)	157
Net change in defined benefit pensions and other items	0	0	(5)	0
Other comprehensive income (loss)	30	211	(61)	170
Comprehensive income (loss)	300	471	523	540
Other Comprehensive Income (Loss), before Tax, Portion Attributable to Noncontrolling Interest	0	0	0	0
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$ 300	$ 471	$ 523	$ 540

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 426	$ 928
Trade accounts receivable, net	2,134	1,970
Inventories	2,250	1,867
Prepaid income taxes	303	264
Other current assets	773	731
Total current assets	5,886	5,760
Property, plant and equipment, net	2,534	2,446
Goodwill	13,659	12,920
Other intangible assets, net	6,063	5,902
Deferred tax assets	3,865	3,942
Other long-term assets	1,595	1,500
TOTAL ASSETS	33,601	32,469
Current liabilities:
Current debt obligations	559	20
Accounts payable	899	862
Accrued expenses	2,164	2,160
Other current liabilities	940	761
Total current liabilities	4,562	3,803
Long-term debt	8,494	8,915
Deferred income taxes	135	144
Other long-term liabilities	1,926	2,035
Commitments and contingencies
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Stockholders’ equity
Preferred stock, $0.01 par value - authorized 50,000,000 shares - 0 shares issued as of June 30, 2023 and 10,062,500 shares as of December 31, 2022	$ 0	$ 0
Common stock, $0.01 par value - authorized 2,000,000,000 shares - issued 1,725,956,141 shares as of June 30, 2023 and 1,696,633,993 shares as of December 31, 2022	17	17
Treasury stock, at cost - 263,289,848 shares as of June 30, 2023 and December 31, 2022	(2,251)	(2,251)
Additional paid-in capital	20,441	20,289
Accumulated deficit	(189)	(750)
Accumulated other comprehensive income (loss), net of tax	208	269
Total stockholders’ equity	18,226	17,573
Noncontrolling interests	259	0
Total equity	18,485	17,573
TOTAL LIABILITIES AND EQUITY	$ 33,601	$ 32,469

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2023	Dec. 31, 2022
Condensed Consolidated Balance Sheet (Parenthetical) [Abstract]
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	50,000,000	50,000,000
Preferred Stock, Shares Issued	0	10,062,500
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	2,000,000,000	2,000,000,000
Common Stock, Shares, Issued	1,725,956,141	1,696,633,993
Treasury Stock, Common, Shares	263,289,848	263,289,848

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Millions	Total	Preferred Stock	Common Stock [Member]	Treasury Stock, Common	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Noncontrolling Interest
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock, Shares, Issued	1,688,810,052
Shares, Issued at Dec. 31, 2021		10,062,500
Total stockholders' equity at Dec. 31, 2021		$ 0	$ 17	$ (2,251)	$ 19,986	$ (1,392)	$ 263	$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation (Shares)			4,382,733
Stock issuance (Par value)			$ 0
Treasury Stock, Value, Acquired, Cost Method				0
Stock-based compensation					117
Net income (loss)	$ 370					370
Dividends, Preferred Stock, Cash						(28)
Conversion of Stock, Shares Converted		0	0
Net income (loss) attributable to noncontrolling interests	0							0
Total other comprehensive income (loss)	170						170	0
Noncontrolling Interest, Period Increase (Decrease)								0
Ending Balance (Shares Issued) at Jun. 30, 2022		10,062,500
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Jun. 30, 2022	$ 17,251	$ 0	$ 17	(2,251)	20,103	(1,050)	433	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock, Shares, Issued	1,692,828,987
Shares, Issued at Mar. 31, 2022		10,062,500
Total stockholders' equity at Mar. 31, 2022		$ 0	$ 17	(2,251)	20,043	(1,296)	222	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation (Shares)			363,798
Stock issuance (Par value)			$ 0
Treasury Stock, Value, Acquired, Cost Method				0
Stock-based compensation					60
Net income (loss)	$ 260					260
Dividends, Preferred Stock, Cash						(14)
Conversion of Stock, Shares Converted		0	0
Net income (loss) attributable to noncontrolling interests	0							0
Total other comprehensive income (loss)	211						211	0
Noncontrolling Interest, Period Increase (Decrease)								0
Ending Balance (Shares Issued) at Jun. 30, 2022		10,062,500
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Jun. 30, 2022	$ 17,251	$ 0	$ 17	(2,251)	20,103	(1,050)	433	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock, Shares, Issued	1,693,192,785
Total stockholders’ equity	$ 17,251
Common Stock, Shares, Issued	1,696,633,993
Total stockholders’ equity	$ 17,573
Shares, Issued at Dec. 31, 2022		10,062,500
Total stockholders' equity at Dec. 31, 2022	17,573	$ 0	$ 17	(2,251)	20,289	(750)	269	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation (Shares)			5,339,246
Stock issuance (Par value)			$ 0
Treasury Stock, Value, Acquired, Cost Method				0
Stock-based compensation					153
Net income (loss)	584					584
Dividends, Preferred Stock, Cash						(23)
Conversion of Stock, Shares Converted		(10,062,500)	23,982,902
Net income (loss) attributable to noncontrolling interests	0							0
Total other comprehensive income (loss)	(61)						(61)	0
Noncontrolling Interest, Period Increase (Decrease)								259
Ending Balance (Shares Issued) at Jun. 30, 2023		0
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Jun. 30, 2023	$ 18,485	$ 0	$ 17	(2,251)	20,441	(189)	208	259
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock, Shares, Issued	1,700,828,873
Shares, Issued at Mar. 31, 2023		10,062,500
Total stockholders' equity at Mar. 31, 2023		$ 0	$ 17	(2,251)	20,356	(450)	178	259
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation (Shares)			1,144,366
Stock issuance (Par value)			$ 0
Treasury Stock, Value, Acquired, Cost Method				0
Stock-based compensation					85
Net income (loss)	$ 270					270
Dividends, Preferred Stock, Cash						(9)
Conversion of Stock, Shares Converted		(10,062,500)	23,982,902
Net income (loss) attributable to noncontrolling interests	0							0
Total other comprehensive income (loss)	30						30	0
Noncontrolling Interest, Period Increase (Decrease)								0
Ending Balance (Shares Issued) at Jun. 30, 2023		0
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Jun. 30, 2023	$ 18,485	$ 0	$ 17	$ (2,251)	$ 20,441	$ (189)	$ 208	$ 259
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock, Shares, Issued	1,725,956,141
Total stockholders’ equity	$ 18,226

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash provided by (used for) operating activities
Net income (loss)	$ 584	$ 370
Depreciation and amortization	583	558
Deferred and prepaid income taxes	(45)	(93)
Stock-based compensation expense	115	107
Goodwill and other intangible asset impairment charges	57	7
Net loss (gain) on investments and notes receivable	35	36
Contingent consideration net expense (benefit)	31	48
Inventory step-up amortization	3	25
Gain (Loss) on Extinguishment of Debt	0	194
Other, net	23	31
Trade accounts receivable	(161)	(162)
Inventories	(399)	(180)
Other assets	(55)	(244)
Accounts payable, accrued expenses and other liabilities	78	(449)
Cash provided by (used for) operating activities	848	249
Investing activities:
Purchases of property, plant and equipment and internal use software	(254)	(226)
Proceeds from sale of property, plant and equipment	3	9
Payments for acquisitions of businesses, net of cash acquired	(1,018)	(1,471)
Proceeds from royalty rights	16	36
Payments for (Proceeds from) Hedge, Investing Activities	2	56
Proceeds from (payments for) investments and acquisitions of certain technologies	(73)	(10)
Cash provided by (used for) investing activities	(1,324)	(1,603)
Financing activities:
Payment of contingent consideration previously established in purchase accounting	(39)	(283)
Payments for royalty rights	(34)	(39)
Payments on short-term borrowings	0	(250)
Net increase (decrease) in commercial paper	37	154
Payments on long-term borrowings and debt extinguishment costs	0	(3,184)
Proceeds from long-term borrowings, net of debt issuance costs	0	3,270
Cash dividends paid on preferred stock	(28)	(28)
Cash used to net share settle employee equity awards	(52)	(47)
Proceeds from issuances of common stock pursuant to employee stock compensation and purchase plans	90	58
Cash provided by (used for) financing activities	(26)	(350)
Effect of foreign exchange rates on cash	(3)	(6)
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents	(506)	(1,710)
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period	1,126	2,168
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period	$ 620	$ 458

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Supplemental Disclosure) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Supplemental Information
Stock-based compensation expense	$ 115	$ 107
Non-cash impact of transferred royalty rights	(16)	(36)
Cash and cash equivalents	426	276	$ 928
Restricted cash and restricted cash equivalents included in Other current assets	135	132	149
Restricted cash equivalents included in Other long-term assets	60	50	48
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$ 620	$ 458	$ 1,126	$ 2,168

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	NOTE A – BASIS OF PRESENTATION The accompanying unaudited consolidated financial statements of Boston Scientific Corporation have been prepared in accordance with accounting principles generally accepted in the United States (GAAP) and with the instructions to Form 10-Q and Article 10 of Regulation S-X, and they do not include all of the information and footnotes required by GAAP for complete financial statements. When used in this report, the terms, "we," "us," "our," and "the Company" mean Boston Scientific Corporation and its divisions and subsidiaries. In the opinion of management, all adjustments (consisting only of normal recurring adjustments) considered necessary for fair presentation have been included. Operating results for the three and six months ended June 30, 2023 are not necessarily indicative of the results that may be expected for the year ending December 31, 2023. Accordingly, our unaudited consolidated financial statements and footnotes thereto should be read in conjunction with our audited consolidated financial statements and footnotes thereto included in Item 8 of our most recent Annual Report on Form 10-K. The accompanying unaudited consolidated financial statements include the accounts of the Company's wholly owned- subsidiaries and entities for which the Company has a controlling financial interest. All intercompany balances and transactions have been eliminated in consolidation. In the first quarter of 2023, we acquired a majority stake investment in Acotec Scientific Holdings Limited (Acotec) and have elected to consolidate their financial statements on a one quarter lag. Amounts reported in millions within this Quarterly Report on Form 10-Q are computed based on the amounts in thousands. As a result, the sum of the components may not equal the total amount reported in millions due to rounding. Certain columns and rows within tables may not add due to the use of rounded numbers. Percentages presented are calculated from the underlying unrounded amounts. Subsequent Events We evaluate events occurring after the date of our accompanying unaudited consolidated balance sheet for potential recognition or disclosure in our financial statements. Those items requiring recognition in the financial statements have been recorded and disclosed accordingly. Those items requiring disclosure (non-recognized subsequent events) in the financial statements have been disclosed accordingly. Refer to Note H – Commitments and Contingencies for further details.

Acquisitions, Divestitures and

Acquisitions, Divestitures and Strategic Investments	6 Months Ended
	Jun. 30, 2023
Business Combinations [Abstract]
ACQUISITIONS AND STRATEGIC INVESTMENTS	NOTE B – ACQUISITIONS, DIVESTITURES AND STRATEGIC INVESTMENTS Our accompanying unaudited consolidated financial statements include the operating results for acquired entities from the respective dates of acquisition. We have not presented supplemental pro forma financial information for completed acquisitions or divestitures given their results are not material to our accompanying unaudited consolidated financial statements. Further, transaction costs were immaterial to our accompanying unaudited consolidated financial statements and were expensed as incurred. On June 15, 2022, we announced our entry into a definitive agreement with Synergy Innovation Co, Ltd, to purchase its majority stake in M.I. Tech Co., Ltd., (M.I. Tech), a publicly traded Korean manufacturer and distributor of medical devices for endoscopic and urological procedures. The agreement required global regulatory approvals that we were not able to obtain in some countries. As a result, the original agreement was terminated, and on June 15, 2023, we purchased a 9.9 percent minority stake in M.I. Tech. 2023 Acquisitions On April 4, 2023, we completed our acquisition of 100 percent of the outstanding equity of Apollo Endosurgery, Inc. (Apollo), a public company which offers a portfolio of devices used during endoluminal procedures to close gastrointestinal defects, manage gastrointestinal complications and aid in weight loss for patients suffering from obesity. The transaction consisted of an upfront cash payment of $636 million, net of cash acquired. The Apollo business is being integrated into our Endoscopy division. On February 20, 2023, we completed the acquisition of a majority stake investment in Acotec, a publicly traded Chinese manufacturer of drug-coated balloons used in the treatment of vascular and other diseases. We acquired approximately 65 percent of the outstanding shares of Acotec, for an upfront cash payment of HK$20.00 per share, or $519 million at foreign currency exchange rates at closing. The Acotec portfolio complements our existing Peripheral Interventions portfolio. Purchase Price Allocation We accounted for these transactions as business combinations in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 805, Business Combinations (FASB ASC Topic 805). The preliminary purchase prices were comprised of the amounts presented below: (in millions) Acotec (1) Apollo Payment for acquisition, net of cash acquired (2) $ 381 $ 636 $ 381 $ 636 (1) Excludes approximately $140 million of cash on hand at the closing of the transaction (2) Represents majority stake investment in Acotec We recorded the assets acquired, liabilities assumed and specific to Acotec, the noncontrolling interest, at their respective fair values as of the closing of the transaction. The preliminary purchase price allocations were comprised of the following components and the final determination of the fair value of certain assets and liabilities will be completed within the measurement period in accordance with FASB ASC Topic 805: (in millions) Acotec Apollo Goodwill $ 340 $ 374 Amortizable intangible assets 334 248 Other assets acquired 93 50 Liabilities assumed (48) (26) Net deferred tax liabilities (79) (9) Fair value of noncontrolling interest (259) — $ 381 $ 636 The fair value of Acotec's noncontrolling interest was based on the publicly traded market value of the remaining 35 percent of the outstanding shares we did not acquire as of the transaction date and is presented within Stockholders' equity within our accompanying unaudited consolidated balance sheets. Goodwill was primarily established for Acotec due to opportunities for collaboration in research and development, manufacturing and commercial strategies and for Apollo due to synergies expected to be gained from leveraging our existing operations, as well as revenue and cash flow projections associated with future technologies, none of which is deductible for tax purposes. We allocated a portion of the purchase price to the specific intangible asset categories as follows: Amount Assigned (in millions) Weighted Average Amortization Period (in years) Risk-Adjusted Discount Acotec: Amortizable intangible assets: Technology-related $ 308 11 14% Customer relationships 15 11 14% Other intangible assets 11 13 14% $ 334 Apollo: Amortizable intangible assets: Technology-related $ 222 11 12% Customer relationships 26 11 12% $ 248 2022 Acquisition On February 14, 2022, we completed our acquisition of Baylis Medical Company Inc. (Baylis Medical), a privately-held company which developed the radiofrequency (RF) NRG ™ and VersaCross ™ Transseptal Platforms as well as a family of guidewires, sheaths and dilators used to support left heart access, which expanded our electrophysiology and structural heart product portfolios. The transaction consisted of an upfront cash payment of $1.463 billion, net of cash acquired, subject to closing adjustments. We are integrating the Baylis Medical business into our Cardiology division. Purchase Price Allocation We accounted for the acquisition of Baylis Medical as a business combination in accordance with FASB ASC Topic 805. The final purchase price was comprised of the amount presented below: (in millions) Payment for acquisition, net of cash acquired $ 1,463 $ 1,463 We recorded the assets acquired and liabilities assumed at their respective fair values as of the acquisition date. The final purchase price allocation was comprised of the following components: (in millions) Goodwill $ 988 Amortizable intangible assets 657 Other assets acquired 112 Liabilities assumed (287) Net deferred tax liabilities (7) $ 1,463 Goodwill was primarily established due to synergies expected to be gained from leveraging our existing operations, as well as revenue and cash flow projections associated with future technologies, and was deductible for tax purposes. We allocated a portion of the purchase price to the specific intangible asset categories as follows: Amount Assigned (in millions) Weighted Average Amortization Period (in years) Risk-Adjusted Discount Amortizable intangible assets: Technology-related $ 622 11 11% Other intangible assets 36 11 11% $ 657 Contingent Consideration None of our acquisitions that closed during 2023 or 2022 contained contingent consideration arrangements. Changes in the fair value of our contingent consideration liability during the first six months of 2023 associated with prior period acquisitions were as follows: (in millions) Balance as of December 31, 2022 $ 149 Contingent consideration net expense (benefit) 31 Contingent consideration payments (73) Balance as of June 30, 2023 $ 107 The payments made during the first six months of 2023 primarily related to our 2021 acquisition of Farapulse, Inc. As of June 30, 2023, the maximum amount of future contingent consideration (undiscounted) that we could be required to pay associated with our completed acquisitions was approximately $364 million. Refer to Note B – Acquisitions and Strategic Investments to our audited financial statements contained in Item 8. Financial Statements and Supplementary Data of our most recent Annual Report on Form 10-K for additional information. The recurring Level 3 fair value measurements of our contingent consideration liability that we expect to be required to settle include the following significant unobservable inputs: Contingent Consideration Liability Fair Value as of June 30, 2023 Valuation Technique Unobservable Input Range Weighted Average (1) R&D, Regulatory and Commercialization-based Milestones $13 million Discounted Cash Flow Discount Rate 1% - 2% 1% Probability of Payment 10% - 25% 22% Projected Year of Payment 2023 - 2025 2024 Revenue-based Payments $94 million Discounted Cash Flow Discount Rate 6% - 14% 6% Probability of Payment 100% 100% Projected Year of Payment 2023 - 2024 2023 (1) Unobservable inputs were weighted by the relative fair value of the contingent consideration liability. For projected year of payment, the amount represents the median of the inputs and is not a weighted average. Projected contingent payment amounts related to research and development (R&D), regulatory and commercialization-based milestones and revenue-based payments are discounted back to the current period, primarily using a discounted cash flow model. Significant increases or decreases in projected revenues, probabilities of payment, discount rates or the time until payment is made would have resulted in a significantly lower or higher fair value measurement as of June 30, 2023. Strategic Investments The aggregate carrying amount of our strategic investments was comprised of the following: As of (in millions) June 30, 2023 December 31, 2022 Equity method investments $ 206 $ 188 Measurement alternative investments (1, 2) 215 219 $ 422 $ 407 (1) Measurement alternative investments are privately-held equity securities without readily determinable fair values that are measured at cost less impairment, if any, adjusted to fair value for any observable price changes in orderly transactions for the identical or a similar investment of the same issuer, recognized in Other, net within our accompanying unaudited consolidated statements of operations. (2) Includes publicly-held securities and convertible notes measured at fair value with changes in fair value recognized in Other, net within our accompanying unaudited consolidated statements of operations. These investments are classified as Other long-term assets within our accompanying unaudited consolidated balance sheets, in accordance with GAAP and our accounting policies.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS	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 June 30, 2023 As of December 31, 2022 (in millions) Gross Carrying Amount Accumulated Amortization/ Write-offs Gross Carrying Amount Accumulated Amortization/ Write-offs Technology-related $ 12,932 $ (7,737) $ 12,397 $ (7,378) Patents 478 (385) 486 (394) Other intangible assets 2,050 (1,448) 1,960 (1,400) Amortizable intangible assets $ 15,459 $ (9,571) $ 14,843 $ (9,173) Goodwill $ 23,559 $ (9,900) $ 22,820 $ (9,900) IPR&D $ 54 $ 112 Technology-related 120 120 Indefinite-lived intangible assets $ 174 $ 232 The increase in our balance of goodwill and amortizable intangible assets is related primarily to our majority stake investment in Acotec completed in the first quarter of 2023 and our acquisition of Apollo completed in the second quarter of 2023. The following represents a roll-forward of our goodwill balance by global reportable segment: (in millions) MedSurg Cardiovascular Total As of December 31, 2022 $ 4,237 $ 8,684 $ 12,920 Goodwill acquired 374 340 714 Impact of foreign currency fluctuations and purchase price adjustments (3) 28 25 As of June 30, 2023 $ 4,607 $ 9,052 $ 13,659 Goodwill and Intangible Asset Impairments We did not record any goodwill impairment charges in the first six months of 2023 or 2022. 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 ASC Topic 350, we aggregated the Interventional Cardiology Therapies and Watchman components of our Cardiology operating segment into a single Interventional Cardiology reporting unit and aggregated the Cardiac Rhythm Management and Electrophysiology components of our Cardiology operating segment into a single Rhythm Management reporting unit. In the second quarter of 2023, we performed our annual goodwill impairment test utilizing both the qualitative and quantitative approach described in FASB ASC Topic 350, Intangibles - Goodwill and Other (FASB ASC Topic 350). The qualitative approach was used for testing reporting units where fair value has historically exceeded carrying value by greater than 100 percent, and all other reporting units were tested using the quantitative approach. For the reporting units tested using the qualitative approach, after assessing the totality of events, it was determined that it was not more likely than not that the fair value of the reporting units was less than their carrying value, and it was not deemed necessary to proceed to the quantitative test. For the reporting unit tested using the quantitative approach, we determined that the fair value of the reporting unit exceeded the carrying value and concluded that goodwill was not impaired or at risk of impairment. We recorded Intangible asset impairment charges of $57 million in the second quarter and first six months of 2023 and $7 million in the second quarter and first six months of 2022. The impairment charges recorded in 2023 were primarily associated with the cancellation of an IPR&D program due to the incremental time and cost to complete the program and bring the technology to market. We review intangible assets subject to amortization quarterly to determine if any adverse conditions exist or a change in circumstances has occurred that would indicate impairment or a change in the remaining useful life. We test our indefinite-lived intangible assets at least annually during the third quarter for impairment and reassess their classification as indefinite-lived assets. In addition, we review our indefinite-lived intangible assets for classification and impairment more frequently if impairment indicators exist. Refer to Note A – Significant Accounting Policies to our audited financial statements contained in Item 8. Financial Statements and Supplementary Data of our most recent Annual Report on Form 10-K for further discussion of our annual goodwill and intangible asset impairment testing.

Hedging Activities and Fair Val

Hedging Activities and Fair Value Measurements	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
HEDGING ACTIVITIES AND FAIR VALUE MEASUREMENTS	NOTE D – HEDGING ACTIVITIES AND FAIR VALUE MEASUREMENTS Derivative Instruments and Hedging Activities We address market risk from changes in foreign currency exchange rates and interest rates through risk management programs which include the use of derivative and nonderivative financial instruments. We manage concentration of counterparty credit risk by limiting acceptable counterparties to major financial institutions with investment grade credit ratings, limiting the amount of credit exposure to individual counterparties and actively monitoring counterparty credit ratings. We also employ master netting arrangements that limit the risk of counterparty non-payment on a particular settlement date to the net gain that would have otherwise been received from the counterparty. Although not completely eliminated, we do not consider the risk of counterparty default to be significant as a result of these protections. Further, none of our derivative instruments are subject to collateral or other security arrangements, nor do they contain provisions that are dependent on our credit ratings from any credit rating agency. Currency Hedging Instruments Our risk from changes in currency exchange rates consists primarily of monetary assets and liabilities, forecasted intercompany and third-party transactions, and net investments in certain subsidiaries. We manage currency exchange rate risk at a consolidated level to reduce the cost of hedging by taking advantage of offsetting transactions. We employ derivative and nonderivative instruments, primarily forward currency contracts, to reduce the risk to our earnings and cash flows associated with changes in currency exchange rates. The success of our currency risk management program depends, in part, on forecast transactions denominated primarily in euro, British pound sterling, Swiss franc, Japanese yen, Chinese renminbi and Australian dollar. We may experience unanticipated currency exchange gains or losses to the extent the actual activity is different than forecast. In addition, changes in currency exchange rates related to any unhedged transactions may impact our earnings and cash flows. Certain of our currency derivative instruments are designated as cash flow hedges under FASB ASC Topic 815 , Derivatives and Hedging (FASB ASC Topic 815), and are intended to protect the U.S. dollar value of forecasted transactions. The gain or loss on a derivative instrument designated as a cash flow hedge is recorded in the Net change in derivative financial instruments component of Other comprehensive income (loss), net of tax (OCI) within our unaudited consolidated statements of comprehensive income (loss) until the underlying third-party transaction occurs. When the underlying third-party transaction occurs, we recognize the gain or loss in earnings within Cost of products sold in our unaudited consolidated statements of operations. In the event the hedging relationship is no longer effective, or if the occurrence of the hedged forecast transaction becomes no longer probable, we reclassify the gains or losses within Accumulated other comprehensive income (loss), net of tax (AOCI) to earnings at that time. The cash flows related to the derivative instruments designated as cash flow hedges are reported as operating activities in our consolidated statements of cash flows. We designate certain euro-denominated debt as net investment hedges to hedge a portion of our net investments in certain of our entities with functional currencies denominated in the euro. As of June 30, 2023 and December 31, 2022, we designated as a net investment hedge our €900 million in aggregate principal amount of 0.625% euro-denominated senior notes issued in November 2019 and due in 2027 (2027 Notes). For these nonderivative instruments, we defer recognition of the foreign currency remeasurement gains and losses within the Foreign currency translation adjustment (CTA) component of Other comprehensive income (loss), net of tax . We reclassify these gains and losses to current period earnings within Other, net in our accompanying unaudited consolidated statements of operations only when the hedged item affects earnings, which would occur upon disposal or substantial liquidation of the underlying foreign subsidiary. We also use forward currency contracts that are not part of designated hedging relationships as a part of our strategy to manage our exposure to currency exchange rate risk related to monetary assets and liabilities and related forecast transactions. These non-designated currency forward contracts have an original time to maturity consistent with the hedged currency transaction exposures, generally less than one year, and are marked-to-market with changes in fair value recorded to earnings within Other, net within our accompanying unaudited consolidated statements of operations. Interest Rate Hedging Instruments Our interest rate risk relates primarily to U.S. dollar and euro-denominated borrowings partially offset by U.S. dollar cash investments. We use interest rate derivative instruments to mitigate the risk to our earnings and cash flows associated with exposure to changes in interest rates. Under these agreements, we and the counterparty, at specified intervals, exchange the difference between fixed and floating interest amounts calculated by reference to an agreed-upon notional principal amount. We designate these derivative instruments either as fair value or cash flow hedges in accordance with FASB ASC Topic 815. We had no interest rate derivative instruments designated as cash flow hedges outstanding as of June 30, 2023 or December 31, 2022. In the event that we designate outstanding interest rate derivative instruments as cash flow hedges, we record the changes in the fair value of the derivatives within OCI until the underlying hedged transaction occurs. The following table presents the contractual amounts of our hedging instruments outstanding: (in millions) FASB ASC Topic 815 Designation As of June 30, 2023 December 31, 2022 Forward currency contracts Cash flow hedge $ 2,454 $ 2,725 Forward currency contracts Net investment hedge 333 365 Foreign currency-denominated debt (1) Net investment hedge 997 997 Forward currency contracts Non-designated 3,575 4,235 Total Notional Outstanding $ 7,360 $ 8,321 (1) Foreign currency-denominated debt is the €900 million debt principal associated with our 2027 Notes designated as a net investment hedge. As of June 30, 2023, the remaining time to maturity is within 36 months for all forward currency contracts designated as cash flow hedges and generally less than one year for all non-designated forward currency contracts. The forward currency contracts designated as net investment hedges generally mature between one and three 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 in our accompanying unaudited consolidated statements of operations. Refer to Note M – 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 Income Amount Recognized in OCI on Hedges Unaudited Consolidated Statements of Operations (1) Amount Reclassified from AOCI into Earnings (in millions) Pre-Tax Gain (Loss) Tax Benefit (Expense) Gain (Loss) Net of Tax Location of Amount Reclassified and Total Amount of Line Item Pre-Tax (Gain) Loss Tax (Benefit) Expense (Gain) Loss Net of Tax Three Months Ended June 30, 2023 Forward currency contracts Cash flow hedges $ 74 $ (17) $ 58 Cost of products sold $ 1,058 $ (55) $ 12 $ (43) Net investment hedges (2) 22 (5) 17 Interest expense 70 (2) 1 (2) Foreign currency-denominated debt Net investment hedges (3) 1 — 1 Other, net 18 — — — Interest rate derivative contracts Cash flow hedges — — — Interest expense 70 1 — 1 Effect of Hedging Relationships on Accumulated Other Comprehensive Income Amount Recognized in OCI on Hedges Unaudited Consolidated Statements of Operations (1) Amount Reclassified from AOCI into Earnings (in millions) Pre-Tax Gain (Loss) Tax Benefit (Expense) Gain (Loss) Net of Tax Location of Amount Reclassified and Total Amount of Line Item Pre-Tax (Gain) Loss Tax (Benefit) Expense (Gain) Loss Net of Tax Three Months Ended June 30, 2022 Forward currency contracts Cash flow hedges $ 213 $ (48) $ 165 Cost of products sold $ 1,011 $ (41) $ 9 $ (32) Net investment hedges (2) 34 5 39 Interest expense 64 (3) 1 (2) Foreign currency-denominated debt Net investment hedges (3) 62 (14) 48 Other, net 14 — — — Interest rate derivative contracts Cash flow hedges — — — Interest Expense 64 1 — 1 Effect of Hedging Relationships on Accumulated Other Comprehensive Income Amount Recognized in OCI on Hedges Unaudited Consolidated Statements of Operations (1) Amount Reclassified from AOCI into Earnings (in millions) Pre-Tax Gain (Loss) Tax Benefit (Expense) Gain (Loss) Net of Tax Location of Amount Reclassified and Total Amount of Line Item Pre-Tax (Gain) Loss Tax (Benefit) Expense (Gain) Loss Net of Tax Six Months Ended June 30, 2023 Forward currency contracts Cash flow hedges $ 87 $ (20) $ 67 Cost of products sold $ 2,098 $ (125) $ 28 $ (97) Net investment hedges (2) 28 (6) 22 Interest expense 135 (5) 1 (4) Foreign currency-denominated debt Net investment hedges (3) (18) 4 (14) Other, net 61 — — — Interest rate derivative contracts Cash flow hedges — Interest expense 135 1 — 1 Effect of Hedging Relationships on Accumulated Other Comprehensive Income Amount Recognized in OCI on Hedges Unaudited Consolidated Statements of Operations (1) Amount Reclassified from AOCI into Earnings (in millions) Pre-Tax Gain (Loss) Tax Benefit (Expense) Gain (Loss) Net of Tax Location of Amount Reclassified and Total Amount of Line Item Pre-Tax (Gain) Loss Tax (Benefit) Expense (Gain) Loss Net of Tax Six Months Ended June 30, 2022 Forward currency contracts Cash flow hedges $ 259 $ (58) $ 200 Cost of products sold $ 1,966 $ (71) $ 16 $ (55) Net investment hedges (2) 49 2 50 Interest expense 343 (5) 1 (4) Foreign currency-denominated debt Net investment hedges (3) 86 (19) 66 Other, net 46 — — — Interest rate derivative contracts Cash flow hedges — — — Interest expense 343 15 (3) 11 (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 period, 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 June 30, 2023, pre-tax net gains or losses for our derivative instruments designated, or previously designated, as cash flow and net investment hedges under FASB ASC Topic 815 that may be reclassified from AOCI to earnings within the next twelve months are presented below: (in millions) FASB ASC Topic 815 Designation Location on Unaudited Consolidated Statements of Operations Amount of Pre-Tax Gain (Loss) that may be Reclassified to Earnings Designated Hedging Instrument Forward currency contracts Cash flow hedge Cost of products sold $ 209 Forward currency contracts Net investment hedge Interest expense 9 Interest rate derivative contracts Cash flow hedge Interest expense (2) Net gains and losses on currency hedge contracts not designated as hedging instruments offset by net gains and losses from currency transaction exposures are presented below: Location on Unaudited Consolidated Statements of Operations Three Months Ended June 30, Six Months Ended June 30, (in millions) 2023 2022 2023 2022 Net gain (loss) on currency hedge contracts Other, net $ 11 $ (34) $ 2 $ (63) Net gain (loss) on currency transaction exposures Other, net (20) 35 (26) 56 Net currency exchange gain (loss) $ (9) $ 1 $ (24) $ (7) Fair Value Measurements FASB ASC Topic 815 requires all derivative and nonderivative instruments to be recognized at their fair values as either assets or liabilities on the balance sheet. We determine the fair value of our derivative and nonderivative instruments using the framework prescribed by FASB ASC Topic 820, Fair Value Measurements and Disclosures (FASB ASC Topic 820) and considering the estimated amount we would receive or pay to transfer these instruments at the reporting date with respect to current currency exchange rates, interest rates, the creditworthiness of the counterparty for unrealized gain positions and our own creditworthiness for unrealized loss positions. In certain instances, we may utilize financial models to measure fair value of our derivative and nonderivative instruments. In doing so, we use inputs that include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, other observable inputs for the asset or liability and inputs derived principally from, or corroborated by, observable market data by correlation or other means. The following are the balances of our derivative and nonderivative assets and liabilities: Location on Unaudited Consolidated Balance Sheets (1) As of (in millions) June 30, 2023 December 31, 2022 Derivative and Nonderivative Assets: Designated Hedging Instruments Forward currency contracts Other current assets $ 188 $ 196 Forward currency contracts Other long-term assets 155 149 342 345 Non-Designated Hedging Instruments Forward currency contracts Other current assets 46 36 Total Derivative and Nonderivative Assets $ 388 $ 381 Derivative and Nonderivative Liabilities: Designated Hedging Instruments Forward currency contracts Other current liabilities $ 1 $ — Forward currency contracts Other long-term liabilities 2 1 Foreign currency-denominated debt (2) Long-term debt 971 952 974 953 Non-Designated Hedging Instruments Forward currency contracts Other current liabilities 48 52 Total Derivative and Nonderivative Liabilities $ 1,021 $ 1,005 (1) We classify derivative and nonderivative assets and liabilities as current when the settlement date of the contract is one year or less. (2) Foreign currency-denominated debt is the €900 million debt principal associated with our 2027 Notes designated as a net investment hedge. A portion of this notional is subject to de-designation and re-designation based on changes in the underlying hedged item. Recurring Fair Value Measurements On a recurring basis, we measure certain financial assets and financial liabilities at fair value based upon quoted market prices. Where quoted market prices or other observable inputs are not available, we apply valuation techniques to estimate fair value. FASB ASC Topic 820 establishes a three-level valuation hierarchy for disclosure of fair value measurements. The category of a financial asset or a financial liability within the valuation hierarchy is based upon the lowest level of input that is significant to the measurement of fair value. The three levels of the hierarchy are defined as follows: • Level 1 – Inputs to the valuation methodology are quoted market prices for identical assets or liabilities. • Level 2 – Inputs to the valuation methodology are other observable inputs, including quoted market prices for similar assets or liabilities and market-corroborated inputs. • Level 3 – Inputs to the valuation methodology are unobservable inputs based on management’s best estimate of inputs market participants would use in pricing the asset or liability at the measurement date, including assumptions about risk. Assets and liabilities measured at fair value on a recurring basis consist of the following: As of June 30, 2023 December 31, 2022 (in millions) Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets Money market funds and time deposits $ 17 $ — $ — $ 17 $ 673 $ — $ — $ 673 Publicly-held equity securities 29 — — 29 2 — — 2 Hedging instruments — 388 — 388 — 381 — 381 Licensing arrangements — — 102 102 — — 127 127 $ 46 $ 388 $ 102 $ 535 $ 674 $ 381 $ 127 $ 1,182 Liabilities Hedging instruments $ — $ 1,021 $ — $ 1,021 $ — $ 1,005 $ — $ 1,005 Contingent consideration liability — — 107 107 — — 149 149 Licensing arrangements — — 115 115 — — 159 159 $ — $ 1,021 $ 222 $ 1,244 $ — $ 1,005 $ 308 $ 1,313 Our investments in money market funds and time deposits are classified within Level 1 of the fair value hierarchy because they are valued using quoted market prices. These investments are classified as Cash and cash equivalents within our accompanying unaudited consolidated balance sheets, in accordance with GAAP and our accounting policies. In addition to $17 million invested in money market funds and time deposits as of June 30, 2023 and $673 million as of December 31, 2022, we held $409 million in interest-bearing and non-interest-bearing bank accounts as of June 30, 2023 and $256 million as of December 31, 2022. Our recurring fair value measurements using Level 3 inputs include those related to our contingent consideration liability. Refer to Note B – Acquisitions, Divestitures and Strategic Investments for a discussion of the changes in the fair value of our contingent consideration liability. In addition, our recurring fair value measurements using Level 3 inputs related to our licensing arrangements, including the contractual right to receive future royalty payments related to the Zytiga™ Drug. We maintain a financial asset and associated liability for our licensing arrangements measured at fair value in our accompanying unaudited consolidated balance sheets in accordance with FASB ASC Topic 825, Financial Instruments . We elected the fair value option to measure the financial asset and associated liability as it provides for consistency and comparability of these financial instruments with others. Refer to Note D – Hedging Activities and Fair Value Measurements to our audited financial statements contained in Item 8. Financial Statements and Supplementary Data of our most recent Annual Report on Form 10-K for additional information. The recurring Level 3 fair value measurements of our licensing arrangements recognized in our accompanying unaudited consolidated balance sheets as of June 30, 2023 include the following significant unobservable inputs: Licensing Arrangements Fair Value as of June 30, 2023 Valuation Technique Unobservable Input Range Weighted Average (1) Financial Asset $102 million Discounted Cash Flow Discount Rate 15% 15% Projected Year of Payment 2023 - 2025 2024 Financial Liability $115 million Discounted Cash Flow Discount Rate 12 % - 15% 13% Projected Year of Payment 2023 - 2026 2024 (1) Unobservable inputs relate to a single financial asset and liability. As such, unobservable inputs were not weighted by the relative fair value of the instruments. For projected year of payment, the amount represents the median of the inputs and is not a weighted average. Changes in the fair value of our licensing arrangements' financial asset were as follows: (in millions) Balance as of December 31, 2022 $ 127 Proceeds from royalty rights (31) Fair value adjustment (expense) benefit 6 Balance as of June 30, 2023 $ 102 Changes in the fair value of our licensing arrangements' financial liability were as follows: (in millions) Balance as of December 31, 2022 $ 159 Payments for royalty rights (50) Fair value adjustment expense (benefit) 6 Balance as of June 30, 2023 $ 115 Non-Recurring Fair Value Measurements We hold certain assets and liabilities that are measured at fair value on a non-recurring basis in periods after initial recognition. The fair value of a measurement alternative investment is not estimated if there are no identified events or changes in circumstances that may have a significant adverse effect on the fair value of the investment. Refer to Note B – Acquisitions, Divestitures and Strategic Investments for a discussion of our strategic investments and Note C – Goodwill and Other Intangible Assets for a discussion of the fair values of our intangible assets including goodwill. The fair value of our outstanding debt obligations was $8.441 billion as of June 30, 2023 and $8.203 billion as of December 31, 2022. We determined fair value by using quoted market prices for our publicly registered senior notes, classified as Level 1 within the fair value hierarchy, and face value for commercial paper, term loans and credit facility borrowings outstanding. Refer to Note E – Contractual Obligations and Commitments for a discussion of our debt obligations.

Contractual Obligations and Com

Contractual Obligations and Commitments	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
CONTRACTUAL OBLIGATIONS AND COMMITMENTS	NOTE E – CONTRACTUAL OBLIGATIONS AND COMMITMENTS Borrowings and Credit Arrangements We had total debt outstanding of $9.053 billion as of June 30, 2023 and $8.935 billion as of December 31, 2022, with current obligations of $559 million as of June 30, 2023 and $20 million as of December 31, 2022. The debt maturity schedule for our long-term debt obligations is presented below: (in millions, except interest rates) Issuance Date Maturity Date As of Coupon Rate (1) June 30, December 31, March 2024 Senior Notes February 2019 March 2024 — 504 3.450% March 2025 Senior Notes (3) March 2022 March 2025 1,087 1,067 0.750% June 2025 Senior Notes May 2020 June 2025 500 500 1.900% March 2026 Senior Notes February 2019 March 2026 255 255 3.750% December 2027 Senior Notes (3) November 2019 December 2027 978 960 0.625% March 2028 Senior Notes (3) March 2022 March 2028 815 800 1.375% March 2028 Senior Notes February 2018 March 2028 344 344 4.000% March 2029 Senior Notes February 2019 March 2029 272 272 4.000% June 2030 Senior Notes May 2020 June 2030 1,200 1,200 2.650% March 2031 Senior Notes (3) March 2022 March 2031 815 800 1.625% March 2034 Senior Notes (3) March 2022 March 2034 543 534 1.875% November 2035 Senior Notes (2) November 2005 November 2035 350 350 6.500% March 2039 Senior Notes February 2019 March 2039 450 450 4.550% January 2040 Senior Notes December 2009 January 2040 300 300 7.375% March 2049 Senior Notes February 2019 March 2049 650 650 4.700% Unamortized Debt Issuance Discount and Deferred Financing Costs 2023 - 2049 (70) (76) Finance Lease Obligation Various 5 5 Long-term debt $ 8,494 $ 8,915 Note: The table above does not include unamortized amounts related to interest rate contracts designated as cash flow hedges. (1) Coupon rates are semi-annual, except for the euro-denominated senior notes, which bear an annual coupon. (2) Corporate credit rating improvements may result in a decrease in the adjusted interest rate on our November 2035 Notes to the extent that our lowest credit rating is above BBB- or Baa3. The interest rates on our November 2035 Notes will be permanently reinstated to the issuance rate if the lowest credit ratings assigned to these senior notes is either A- or A3 or higher. Effective May 2023, the interest rate payable decreased by 0.25 percent and began accruing at a rate of 6.50 percent following recent upgrades to our credit ratings. (3) These notes are euro-denominated and presented in U.S. dollars based on the exchange rate in effect as of June 30, 2023 and December 31, 2022, respectively. Revolving Credit Facility On May 10, 2021, we entered into our $2.750 billion revolving credit facility (2021 Revolving Credit Facility) with a global syndicate of commercial banks scheduled to mature on May 10, 2026, with one-year extension options, subject to certain conditions. On March 1, 2023, we entered into an amendment of the 2021 Revolving Credit Facility credit agreement, which provided for an extension of the scheduled maturity date to May 10, 2027 and replaced the London Interbank Offered Rate (LIBOR) with the Secured Overnight Financing Rate (SOFR) as the Eurocurrency Rate for Dollars, including applicable credit spread adjustments and relevant SOFR benchmark provisions, among other things described under Financial Covenant below. This facility provides backing for our commercial paper program, and outstanding commercial paper directly reduces borrowing capacity under the 2021 Revolving Credit Facility. There were no amounts outstanding under the 2021 Revolving Credit Facility as of June 30, 2023 or December 31, 2022. Financial Covenant As of June 30, 2023, we were in compliance with the financial covenant required by the 2021 Revolving Credit Facility, as amended. Covenant Requirement Actual as of June 30, 2023 as of June 30, 2023 Maximum permitted leverage ratio (1) 3.75 times 2.48 times (1) Ratio of total debt to consolidated EBITDA, as defined by the credit agreements, as amended. The 2021 Revolving Credit Facility includes the financial covenant requirement for all of our credit arrangements that we maintain the maximum permitted leverage ratio of 3.75 times through the remaining term. The agreement provides for higher leverage ratios, at our election, for the period following a qualified acquisition for which consideration exceeds $1.000 billion. In the event of such an acquisition, for the four succeeding quarters immediately following, including the quarter in which the acquisition occurs, the maximum permitted leverage ratio is 4.75 times. The maximum permitted ratio steps down for the fifth, sixth and seventh succeeding quarters to 4.50 times, 4.25 times and 4.00 times, respectively. Thereafter, a maximum leverage ratio of 3.75 times is required through the remaining term of the 2021 Revolving Credit Facility. We have not elected to increase the maximum permitted leverage ratio for any qualified acquisitions due to our funding of these acquisitions using cash on hand or commercial paper. The financial covenant requirement, as amended on March 1, 2023, provides for an exclusion from the calculation of consolidated EBITDA, as defined by the credit agreement, through maturity, of certain charges and expenses. The credit agreement amendment reset the starting date for purposes of calculating such permitted exclusions in each case from March 31, 2021 to December 31, 2022. Permitted exclusions include any non-cash charges and up to $500 million in restructuring charges and restructuring-related expenses associated with our current or future restructuring plans. As of June 30, 2023, we had $416 million of the restructuring charge exclusion remaining. In addition, any cash litigation payments (net of any cash litigation receipts), as defined by the agreement, are excluded from the calculation of consolidated EBITDA, as defined by the agreement, provided that the sum of any excluded net cash litigation payments do not exceed $1.000 billion plus all accrued legal liabilities as of December 31, 2022, for a total of $1.443 billion. As of June 30, 2023, we had $1.413 billion of the litigation exclusion remaining. Any inability to maintain compliance with this covenant could require us to seek to renegotiate the terms of our credit arrangements or seek waivers from compliance with this covenant, both of which could result in additional borrowing costs. Further, there can be no assurance that our lenders would agree to such new terms or grant such waivers on terms acceptable to us. In this case, all 2021 Revolving Credit Facility commitments would terminate, and any amounts borrowed under the facility would become immediately due and payable. Furthermore, any termination of our 2021 Revolving Credit Facility may negatively impact the credit ratings assigned to our commercial paper program, which may impact our ability to refinance any then outstanding commercial paper as it becomes due and payable . Commercial Paper Our commercial paper program is backed by the 2021 Revolving Credit Facility. We had $41 million of commercial paper outstanding as of June 30, 2023 and none as of December 31, 2022. As of (in millions, except maturity and yield) June 30, 2023 December 31, 2022 Commercial paper outstanding (at par) $ 41 $ — Maximum borrowing capacity 2,750 2,750 Borrowing capacity available 2,709 2,750 Weighted average maturity 5 days 0 days Weighted average yield 5.30 % — % Senior Notes We had senior notes outstanding of $9.063 billion as of June 30, 2023 and $8.986 billion as of December 31, 2022. Our senior notes were issued in public offerings, are redeemable prior to maturity and are not subject to sinking fund requirements. Our senior notes are unsecured, unsubordinated obligations and rank on parity with each other. These notes are effectively junior to liabilities of our subsidiaries (refer to Other Arrangements below). In March 2022, American Medical Systems Europe B.V. (AMS Europe), an indirect, wholly owned subsidiary of Boston Scientific, completed a registered public offering (the Offering) of €3.000 billion in aggregate principal amount of euro-dominated senior notes comprised of €1.000 billion of 0.750% Senior Notes due 2025, €750 million of 1.375% Senior Notes due 2028, €750 million of 1.625% Senior Notes due 2031 and €500 million of 1.875% Senior Notes due 2034 (collectively, the Eurobonds). Boston Scientific has fully and unconditionally guaranteed all of AMS Europe's obligations under the Eurobonds, and no other subsidiary of Boston Scientific will guarantee these obligations. AMS Europe is a “finance subsidiary” as defined in Rule 13-01(a)(4)(vi) of Regulation S-X. The financial condition, results of operations and cash flows of AMS Europe are consolidated in the financial statements of Boston Scientific. The Offering resulted in cash proceeds of $3.270 billion, net of investor discounts and issuance costs. We used the net proceeds from the Offering to fund the tender offer and early redemption of combined aggregate principal amount of $3.275 billion of certain of our outstanding senior notes, as well as to pay accrued interest, tender premiums, fees and expenses. We recorded associated debt extinguishment charges of $194 million during the first quarter of 2022 presented in Interest expense within our accompanying unaudited consolidated statements of operations. Other Arrangements We have accounts receivable factoring programs in certain European countries and with commercial banks in China and Japan which include promissory notes discounting programs. We account for our factoring programs as sales under FASB ASC Topic 860, Transfers and Servicing . We have no retained interest in the transferred receivables, other than collection and administration, and once sold, the accounts receivable are no longer available to satisfy creditors in the event of bankruptcy. Amounts de-recognized for accounts and notes receivable, which are excluded from Trade accounts receivable, net within our accompanying unaudited consolidated balance sheets, are aggregated by contract denominated currency below (in millions): Factoring Arrangements As of June 30, 2023 As of December 31, 2022 Amount Weighted Average Amount Weighted Average Euro denominated $ 217 5.4 % $ 161 2.4 % Yen denominated 179 0.7 % 194 0.6 % Renminbi denominated 17 2.9 % 13 3.1 % Other Contractual Obligations and Commitments We had outstanding letters of credit of $148 million as of June 30, 2023 and $135 million as of December 31, 2022, which consisted primarily of bank guarantees and collateral for workers' compensation insurance arrangements. As of June 30, 2023 and December 31, 2022 we had not recognized a related liability for any outstanding letters of credit within our accompanying unaudited consolidated balance sheets. We have a supplier financing program offered primarily in the U.S. where our suppliers can opt to receive early payment at a nominal discount, while allowing us to lengthen our payment terms and optimize working capital. Our standard payment term in the U.S. is 90 days. All outstanding payables related to the supplier finance program are classified within Accounts Payable within our unaudited consolidated balance sheets and were $124 million as of June 30, 2023 and $129 million as of December 31, 2022. Refer to Note E – Contractual Obligations and Commitments to our audited financial statements contained in Item 8. Financial Statements and Supplementary Data of our most recent Annual Report on Form 10-K for additional information on our borrowings and credit agreements.

Supplemental Balance Sheet Info

Supplemental Balance Sheet Information	6 Months Ended
	Jun. 30, 2023
Supplemental Balance Sheet Information [Abstract]
SUPPLEMENTAL BALANCE SHEET INFORMATION	NOTE F – SUPPLEMENTAL BALANCE SHEET INFORMATION Components of selected captions within our accompanying unaudited consolidated balance sheets are as follows: Trade accounts receivable, net As of (in millions) June 30, 2023 December 31, 2022 Trade accounts receivable $ 2,261 $ 2,079 Allowance for credit losses (127) (109) $ 2,134 $ 1,970 The following is a roll forward of our Allowance for credit losses : Three Months Ended June 30, Six Months Ended (in millions) 2023 2022 2023 2022 Beginning balance $ 118 $ 113 $ 109 $ 108 Credit loss expense 19 9 35 20 Write-offs (10) (5) (16) (11) Ending balance $ 127 $ 117 $ 127 $ 117 In accordance with FASB ASC Topic 326 , Financial Instruments - Credit Losses (FASB ASC Topic 326), we record credit loss reserves to Allowance for credit losses when we establish Trade accounts receivable if credit losses are expected over the asset's contractual life. We base our estimates of credit loss reserves on historical experience and adjust, as necessary, to reflect current conditions using reasonable and supportable forecasts not already reflected in the historical loss information. We utilize an accounts receivable aging approach, applying country or region-specific factors, to determine the reserve to record at accounts receivable commencement for certain customers. In performing the assessment of outstanding accounts receivable, regardless of country or region, we may consider significant factors relevant to collectability, including those specific to a customer such as bankruptcy, lengthy average payment cycles and type of account. We closely monitor outstanding receivables for potential collection risks, including those that may arise from economic and geopolitical conditions. Our sales to government-owned or supported customers, particularly in southern Europe, are subject to an increased number of days outstanding prior to payment relative to other entities, and, in southern Europe, relative to those in other countries. In addition, we have seen an increase in the volume of our U.S. business conducted in ambulatory surgery centers and office-based laboratories. Many of these customers are smaller than those we have historically done business with and may have more limited liquidity. We have adjusted our estimates of credit loss reserves for these customers, regions and conditions based on collection trends. Inventories As of (in millions) June 30, 2023 December 31, 2022 Finished goods $ 1,372 $ 1,171 Work-in-process 175 147 Raw materials 703 548 $ 2,250 $ 1,867 Other current assets As of (in millions) June 30, 2023 December 31, 2022 Restricted cash and restricted cash equivalents $ 135 $ 149 Derivative assets 234 232 Licensing arrangements 53 60 Other 353 290 $ 773 $ 731 Property, plant and equipment, net As of (in millions) June 30, 2023 December 31, 2022 Land $ 141 $ 137 Buildings and improvements 1,790 1,695 Equipment, furniture and fixtures 3,427 3,297 Capital in progress 604 598 5,962 5,728 Less: accumulated depreciation 3,428 3,282 $ 2,534 $ 2,446 Depreciation expense was $88 million for the second quarter of 2023, $80 million for the second quarter of 2022, $170 million for the first six months of 2023 and $156 million for the first six months of 2022. Other long-term assets As of (in millions) June 30, 2023 December 31, 2022 Restricted cash equivalents $ 60 $ 48 Operating lease right-of-use assets 445 386 Derivative assets 156 149 Investments 422 407 Licensing arrangements 49 67 Indemnification asset 168 172 Other 295 271 $ 1,595 $ 1,500 Accrued expenses As of (in millions) June 30, 2023 December 31, 2022 Legal reserves $ 209 $ 231 Payroll and related liabilities 843 830 Rebates 363 352 Contingent consideration 97 74 Other 653 674 $ 2,164 $ 2,160 Other current liabilities As of (in millions) June 30, 2023 December 31, 2022 Deferred revenue $ 242 $ 220 Licensing arrangements 55 79 Taxes payable 400 232 Other 242 230 $ 940 $ 761 Other long-term liabilities As of (in millions) June 30, 2023 December 31, 2022 Accrued income taxes $ 489 $ 597 Legal reserves 210 212 Contingent consideration 10 75 Licensing arrangements 60 80 Operating lease liabilities 401 347 Deferred revenue 295 289 Other 460 434 $ 1,926 $ 2,035

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE G – INCOME TAXES Our effective tax rate from continuing operations is presented below: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Effective tax rate from continuing operations 36.6 % 24.7 % 32.9 % 26.1 % The changes in our reported tax rates for the second quarter and first six months of 2023, compared to the same periods in 2022, relate primarily to the impact of certain receipts and charges that are taxed at different rates than our effective tax rate. These include acquisition-related charges, debt extinguishment charges, as well as certain discrete tax items primarily related to unrecognized tax benefits and provision-to-return adjustments recorded in the second quarter of 2023. As of June 30, 2023, we had $471 million of gross unrecognized tax benefits, of which a net $406 million, if recognized, would affect our effective tax rate. As of December 31, 2022, we had $492 million of gross unrecognized tax benefits, of which a net $410 million, if recognized, would affect our effective tax rate. The change in our gross unrecognized tax benefit is primarily related to remeasurement of historic positions after tax law changes and audit activities. It is reasonably possible that within the next 12 months, we will resolve multiple issues with foreign, federal and state taxing authorities, resulting in a reduction in our balance of unrecognized tax benefits of up to $61 million.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE H – COMMITMENTS AND CONTINGENCIES The medical device market in which we participate is largely technology driven. As a result, intellectual property rights, particularly patents and trade secrets, play a significant role in product development and differentiation. Over the years, there has been litigation initiated against us by others, including our competitors, claiming that our current or former product offerings infringe patents owned or licensed by them. Intellectual property litigation is inherently complex and unpredictable. In addition, competing parties frequently file multiple suits to leverage patent portfolios across product lines, technologies and geographies and to balance risk and exposure between the parties. In some cases, several competitors are parties in the same proceeding, or in a series of related proceedings, or litigate multiple features of a single class of devices. These dynamics frequently drive settlement not only for individual cases, but also for a series of pending and potentially related and unrelated cases. Although monetary and injunctive relief is typically sought, remedies and restitution are generally not determined until the conclusion of the trial court proceedings and can be modified on appeal. Accordingly, the outcomes of individual cases are difficult to time, predict or quantify and are often dependent upon the outcomes of other cases in other geographies. During recent years, we successfully negotiated closure of several long-standing legal matters and have received favorable rulings in several other matters; however, there continues to be outstanding litigation. Adverse outcomes in one or more of these matters could have a material adverse effect on our ability to sell certain products and on our operating margins, financial position, results of operations and/or liquidity. In addition, product liability, securities and commercial claims have been asserted against us and similar claims may be asserted against us in the future related to events not known to management at the present time. We maintain an insurance policy providing limited coverage against securities claims and we are substantially self-insured with respect to product liability claims and fully self-insured with respect to intellectual property infringement claims. The absence of significant third-party insurance coverage increases our potential exposure to unanticipated claims or adverse decisions. Product liability claims, securities and commercial litigation and other legal proceedings in the future, regardless of their outcome, could have a material adverse effect on our ability to sell certain products and on our operating margins, financial position, results of operations and/or liquidity. In addition, like other companies in the medical device industry, we are subject to extensive regulation by national, state and local government agencies in the U.S. and other countries in which we operate. From time to time we are the subject of qui tam actions and governmental investigations often involving regulatory, marketing and other business practices. These qui tam actions and governmental investigations could result in the commencement of civil and criminal proceedings, substantial fines, penalties and administrative remedies and have a material adverse effect on our financial position, results of operations and/or liquidity. For additional information, refer to Note I – Commitments and Contingencies to our audited financial statements contained in Item 8 of our most recent Annual Report on Form 10-K. In accordance with FASB ASC Topic 450, Contingencies , we accrue anticipated costs of settlement, damages, losses for product liability claims and, under certain conditions, costs of defense, based on historical experience or to the extent specific losses are probable and estimable. Otherwise, we expense these costs as incurred. If the estimate of a probable loss is a range and no amount within the range is more likely, we accrue the minimum amount of the range. We record certain legal and product liability charges, credits and costs of defense, which we consider to be unusual or infrequent and significant as Litigation-related net charges (credits) within our accompanying unaudited consolidated financial statements. All other legal and product liability charges, credits and costs are recorded within Selling, general and administrative expenses within our accompanying unaudited consolidated statements of operations. Our accrual for legal matters that are probable and estimable was $419 million as of June 30, 2023 and $443 million as of December 31, 2022 and includes certain estimated costs of settlement, damages and defense primarily related to product liability cases or claims related to our transvaginal surgical mesh products. A portion of this accrual is already funded through our qualified settlement fund, which is included in restricted cash and restricted cash equivalents in Other current assets of $135 million as of June 30, 2023 and $149 million as of December 31, 2022. Refer to Note F – Supplemental Balance Sheet Information for additional information. We did not record litigation-related net charges during the second quarter or first six months of 2023, and recorded $42 million during the second quarter and first six months of 2022. We continue to assess certain litigation and claims to determine the amounts, if any, that management believes will be paid as a result of such claims and litigation and, therefore, additional losses may be accrued and paid in the future, which could materially adversely impact our operating results, cash flows and/or our ability to comply with our financial covenant. In management's opinion, we are not currently involved in any legal proceedings other than those disclosed in our most recent Annual Report on Form 10-K and those specifically identified below, which, individually or in the aggregate, could have a material adverse effect on our financial condition, operations and/or cash flows. Unless included in our legal accrual or otherwise indicated below, a range of loss associated with any individual material legal proceeding cannot be reasonably estimated. Patent Litigation On October 28, 2015, the Company filed suit against Cook Group Limited and Cook Medical LLC (collectively, Cook) in the United States District Court for the District of Delaware (1:15-cv-00980) alleging infringement of certain Company patents regarding Cook’s Instinct™ Endoscopic Hemoclip. The Company seeks lost profits, a reasonable royalty and a permanent injunction. The case was transferred to the District Court for the Southern District of Indiana. Cook filed Inter Partes Review (IPR) requests with the U.S. Patent and Trademark Office (USPTO) against four then-asserted patents, which resulted in the court staying the case until 2020. All IPRs concluded and confirmed the validity of certain claims of each challenged patent. In February 2023, the District Court issued summary judgment rulings dismissing certain claims and defenses. Trial on the remaining two asserted patents took place in May and June 2023 and the jury found that the Company’s patents are both valid and infringed and awarded the Company $158 million as lost profits. On July 26, 2023, the parties notified the District Court that they had reached a settlement in principle to resolve all claims and end the related suit. On November 20, 2017, The Board of Regents, University of Texas System and TissueGen. Inc. (collectively, UT), served a lawsuit against us in the Western District of Texas. The complaint against the Company alleges patent infringement of two U.S. patents owned by UT, relating to “Drug Releasing Biodegradable Fiber Implant” and “Drug Releasing Biodegradable Fiber for Delivery of Therapeutics,” and affects the manufacture, use and sale of our Synergy™ Stent System. UT primarily seeks a reasonable royalty. On March 12, 2018, the District Court for the Western District of Texas dismissed the action and transferred it to the United States District Court for the District of Delaware. On September 5, 2019, the Court of Appeals for the Federal Circuit affirmed the dismissal of the District Court for the Western District of Texas. In April 2020, the United States Supreme Court denied the UT’s Petition for Certiorari. UT proceeded with its case against us in Delaware. In January 2023, a jury trial was held on the issue of whether the one UT patent still asserted in the case was valid and whether it was infringed by the Company. On January 31, 2023, a jury concluded that UT’s patent was valid and willfully infringed by the Company, and awarded UT $42 million in damages. Following the trial, UT has filed a motion seeking prejudgment interest and enhanced damages. The Company has filed a motion seeking judgment as a matter of law in its favor or alternatively a new trial. Product Liability Litigation Multiple product liability cases or claims related to transvaginal surgical mesh products designed to treat stress urinary incontinence and pelvic organ prolapse have been asserted against us, predominantly in the United States, Canada, the United Kingdom, Scotland, Ireland, and Australia. Plaintiffs generally seek monetary damages based on allegations of personal injury associated with the use of our transvaginal surgical mesh products, including design and manufacturing claims, failure to warn, breach of warranty, fraud, violations of state consumer protection laws and loss of consortium claims. We have entered into individual and master settlement agreements in principle or are in the final stages of entering agreements with certain plaintiffs' counsel, to resolve the majority of these cases and claims. All settlement agreements were entered into solely by way of compromise and without any admission or concession by us of any liability or wrongdoing. In addition, in April 2021 the Company's Board of Directors received a shareholder demand under section 220 of the Delaware General Corporation Law, for inspection of books and records related to mesh settlements. The Company has notified our insurer and retained counsel to respond to the demand. We have established a product liability accrual for remaining claims asserted against us associated with our transvaginal surgical mesh products and the costs of defense thereof. We continue to engage in discussions with plaintiffs’ counsel regarding potential resolution of pending cases and claims. We continue to vigorously contest these cases and claims. The final resolution of the cases and claims is uncertain and could have a material impact on our results of operations, financial condition and/or liquidity. Trials involving our transvaginal surgical mesh products have resulted in both favorable and unfavorable judgments for us. We do not believe that the judgment in any one trial is representative of potential outcomes of all cases or claims related to our transvaginal surgical mesh products. Governmental Investigations and Qui Tam Matters On December 1, 2015, the Brazilian governmental entity known as CADE (the Administrative Council of Economic Defense), served a search warrant on the offices of our Brazilian subsidiary, as well as on the Brazilian offices of several other major medical device makers who do business in Brazil, in furtherance of an investigation into alleged anti-competitive activity with respect to certain tender offers for government contracts. On June 20, 2017, CADE, through the publication of a “technical note,” announced that it was launching a formal administrative proceeding against Boston Scientific’s Brazilian subsidiary, Boston Scientific do Brasil Ltda. (BSB), as well as against the Brazilian operations of Medtronic, Biotronik and St. Jude Medical, two Brazilian associations, ABIMED and AMBIMO and 29 individuals for alleged anti-competitive behavior. Under applicable guidance, BSB could be fined a percentage of BSB’s 2016 gross revenues. In August 2021, the investigating commissioner issued a preliminary recommendation of liability against all of the involved companies, and also recommended that CADE impose fines and penalties. However, on October 25, 2021, the CADE Attorney General's office recommended dismissal of the charges and allegations against BSB and the individual BSB employees who were still individual defendants. Subsequently, on March 30, 2022, the Federal Prosecutor’s office issued a non-binding recommendation that is contrary to the Attorney General’s recommendation. The full Commission is considering both of these recommendations but has not yet issued its decision. We continue to deny the allegations, intend to defend ourselves vigorously and will appeal any decision of liability by the full Commission to the Brazilian courts. During such an appeal, the decision would have no force and effect, and the Court would consider the case without being bound by CADE’s decision. In March 2022, the Company received a whistleblower letter alleging Foreign Corrupt Practices Act violations in Vietnam. The Company has received related subpoenas for documents from the Office of the U.S. Attorney for the District of Massachusetts and the Securities and Exchange Commission. The Company is cooperating with government agencies while investigating these allegations. On April 5, 2023, the Company received a subpoena from the U.S. Department of Justice (DOJ) that seeks documents and information relating to its ambulatory electrocardiography monitoring (AECG) business. The Company is cooperating with the DOJ in responding to this subpoena. Other Proceedings On December 4, 2020, Enrique Jevons, individually and on behalf of all others similarly situated, filed a class action complaint against the Company, Michael F. Mahoney and Daniel J. Brennan, stemming from the recall and retirement of the LOTUS Edge™ Aortic Valve System (LOTUS System) in United States District Court for the Eastern District of New York. On December 14, 2020, the parties agreed to transfer the case to the United States District Court for the District of Massachusetts. On December 16, 2020, Mariano Errichiello, individually and on behalf of all others similarly situated, filed a second, materially similar class action complaint against the Company, Michael F. Mahoney, Joseph M. Fitzgerald, and Daniel J. Brennan in the United States District Court for the District of Massachusetts. Subsequently, on March 30, 2021, the Court consolidated the two actions, and appointed Mariano Errichiello as the lead plaintiff. The plaintiffs filed an Amended Complaint in June 2021 that seeks unspecified compensatory damages in favor of the alleged class as well as unspecified equitable relief. The Company filed a Motion to Dismiss in July 2021, which, in December 2022, the Court granted in part and denied in part. The Company intends to vigorously defend itself against the surviving allegations. On December 15, 2020, the Securities and Exchange Commission’s Boston Regional Office (Boston SEC) notified the Company that it was conducting an investigation related to the Company’s decision to retire the LOTUS System and issued a voluntary request for documents and information related to that decision. On February 10, 2021, the Boston SEC issued a second voluntary request for additional documents and information. The Company cooperated fully with the requests, and on January 3, 2022, the SEC informed us that it was concluding its investigation and that it did not intend to recommend an enforcement action. On February 8, 2021, the Company received a letter from The Vladimir Gusinsky Revocable Trust, a shareholder, demanding that the Company’s Board of Directors conduct an investigation into actions by the Company’s directors and executive officers regarding statements made about the effectiveness and commercial viability of the LOTUS System. The Trust subsequently agreed to stay its demand, pending the outcome of any dispositive motion against the Amended Complaint in the class action complaint described above. The Company received letters on behalf of the Union Excavators Local 731 Pension Fund, Diane Nachbaur, and Frank Tripson, three stockholders of the Company, on July 26, 2021, July 29, 2021, and February 13, 2023, respectively, each demanding access to certain books and records of the Company, pursuant to Section 220 of the Delaware General Corporation Law, regarding the business, operations, effectiveness and commercial viability of the LOTUS system, and related items. On April 7, 2023, Diane Nachbaur filed a shareholder derivative complaint in the United States District Court for the District of Massachusetts against the Company, Michael F. Mahoney, Nelda J. Connors, Charles J. Dockendorff, Yoshiaki Fujimori, Donna A. James, Edward J. Ludwig, David Roux, John E. Sununu, Ellen M. Zane, Joseph M. Fitzgerald, Daniel J. Brennan, Shawn McCarthy, Ian Meredith, Kevin Ballinger, and Susan Vissers Lisa. On May 8, 2023, the Court stayed the case until the conclusion of the consolidated class action case.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2023
Stockholders' Equity Note [Abstract]
STOCKHOLDERS' EQUITY	NOTE I – STOCKHOLDERS' EQUITY Preferred Stock We are authorized to issue 50 million shares of preferred stock in one or more series and to fix the powers, designations, preferences and relative participating, option or other rights thereof, including dividend rights, conversion rights, voting rights, redemption terms, liquidation preferences and the number of shares constituting any series, without any further vote or action by our stockholders. On May 27, 2020, we completed an offering of 10,062,500 shares of 5.50% Mandatory Convertible Preferred Stock, Series A (MCPS) at a price to the public and liquidation preference of $100 per share. The net proceeds from the MCPS offering were approximately $975 million after deducting underwriting discounts and commissions and offering expenses. During the second quarter of 2023, the Audit Committee of our Board of Directors, pursuant to authority delegated to such committee by our Board of Directors, declared, and we paid, a final cash dividend of $1.375 per MCPS share to holders of our MCPS as of May 15, 2023, representing a dividend period from March 2023 through May 2023. On June 1, 2023, (the Mandatory Conversion Date), all outstanding shares of MCPS automatically converted into shares of common stock. The conversion rate for each share of MCPS was 2.3834 shares of common stock. No action by the holders of the MCPS was required in connection with the mandatory conversion. Cash was paid in lieu of fractional shares in accordance with the terms of the MCPS. An aggregate of approximately 24 million shares of common stock, including shares of common stock issued to holders of MCPS that elected to convert prior to the Mandatory Conversion Date, were issued upon conversion of the MCPS. Following the mandatory conversion of the MCPS, there were no outstanding shares of MCPS. Refer to Note J – Stockholders' Equity to our audited financial statements contained in Item 8. Financial Statements and Supplementary Data of our most recent Annual Report on Form 10-K for information on the pertinent rights and privileges of our outstanding common stock.

Weighted Average Shares Outstan

Weighted Average Shares Outstanding	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Weighted Average Number Of Shares Outstanding [Text Block]	NOTE J – WEIGHTED AVERAGE SHARES OUTSTANDING Three Months Ended June 30, Six Months Ended June 30, (in millions) 2023 2022 2023 2022 Weighted average shares outstanding — basic 1,446.2 1,429.7 1,441.0 1,428.8 Net effect of common stock equivalents 10.1 8.1 10.1 9.3 Weighted average shares outstanding - diluted 1,456.2 1,437.8 1,451.1 1,438.1 The following securities were excluded from the calculation of diluted weighted average shares outstanding because their effect in the periods presented below would have been anti-dilutive: Three Months Ended June 30, Six Months Ended June 30, (in millions) 2023 2022 2023 2022 Stock options outstanding (1) — 7 0 6 MCPS (2) 16 24 20 24 (1) Represents stock options outstanding pursuant to our employee stock-based compensation plans with exercise prices that were greater than the average fair market value of our common stock for the related periods. (2) Represents common stock issuable upon the conversion of MCPS. Refer to Note I – Stockholders' Equity for additional information. We base Net income (loss) per common share - diluted upon the weighted-average number of common shares and common stock equivalents outstanding during each year. Potential common stock equivalents are determined using the treasury stock method. We exclude stock options, stock awards and, prior to the Mandatory Conversion Date, our MCPS, from the calculation if the effect would be anti-dilutive. The dilutive effect of MCPS is calculated using the if-converted method. The if-converted method assumes that these securities were converted to shares of common stock at the beginning of the reporting period to the extent that the effect is dilutive. For the first six months of 2023 and 2022, the effect of assuming the conversion of MCPS into shares of common stock was anti-dilutive, and therefore excluded from the calculation of earnings per share (EPS). Accordingly, Net income was reduced by cumulative Preferred stock dividends , as presented within our accompanying unaudited consolidated statements of operations, for purposes of calculating Net income attributable to Boston Scientific common stockholders . On June 1, 2023, all outstanding shares of MCPS automatically converted into shares of common stock. We issued approximately 25 million shares of our common stock in the second quarter of 2023, approximately 29 million shares in the first six months of 2023, less than one million shares in the second quarter of 2022, and approximately four million shares in the first six months of 2022. Shares were issued following the automatic conversion of the MCPS, the exercise of stock options, vesting of restricted stock units or purchases under our employee stock purchase plan. We did not repurchase any shares of our common stock in the first six months of 2023 or 2022. On December 14, 2020, our Board of Directors approved a stock repurchase program authorizing the repurchase of up to $1.000 billion of our common stock. As of June 30, 2023, we had the full amount remaining available under the authorization.

Segment Reporting

Segment Reporting	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	NOTE K – SEGMENT REPORTING We aggregate our core businesses into two reportable segments: MedSurg and Cardiovascular, each of which generates revenues from the sale of medical devices. In accordance with FASB ASC Topic 280, Segment Reporting , we identified our reportable segments based on the nature of our products, production processes, type of customer, selling and distribution methods and regulatory environment, as well as the economic characteristics of each of our operating segments. We measure and evaluate our reportable segments based on their respective net sales, operating income, excluding intersegment profits, and operating income as a percentage of net sales, all based on internally-derived standard currency exchange rates to exclude the impact of foreign currency, which may be updated from year to year. We exclude from operating income of reportable segments certain corporate-related expenses and certain transactions or adjustments that our chief operating decision maker (CODM) considers to be non-operational, such as amounts related to amortization expense, goodwill and other intangible asset impairment charges, acquisition/divestiture-related net charges (credits), restructuring and restructuring-related net charges (credits); and certain litigation-related net charges (credits) and European Union (EU) Medical Device Regulation (MDR) implementation costs. Although we exclude these amounts from operating income of reportable segments, they are included in reported Income (loss) before income taxes within our accompanying unaudited consolidated statements of operations and are included in the reconciliation below. Refer to Note L – Revenue for net sales by reportable segment presented in accordance with GAAP. A reconciliation of the totals reported for the reportable segments to the applicable line items within our accompanying unaudited consolidated statements of operations is as follows (in millions, except percentages). Prior period amounts have been restated at constant currency to conform to current year presentation. Three Months Ended Six Months Ended Net Sales 2023 2022 2023 2022 MedSurg $ 1,331 $ 1,217 $ 2,582 $ 2,322 Cardiovascular 2,179 1,926 4,228 3,695 Total net sales of reportable segments 3,509 3,143 6,810 6,016 Impact of foreign currency fluctuations 91 101 179 254 $ 3,599 $ 3,244 $ 6,988 $ 6,270 Income (loss) before income taxes MedSurg $ 448 $ 359 $ 847 $ 689 Cardiovascular 566 454 1,106 843 Total operating income of reportable segments 1,013 812 1,954 1,531 Unallocated amounts: Corporate expenses, including hedging activities and impact of foreign currency fluctuations on operating income of reportable segments (49) 6 (124) 68 Goodwill and intangible asset impairment charges, acquisition/divestiture-related net charges (credits), restructuring and restructuring-related net charges (credits), certain litigation-related net charges (credits) and EU MDR implementation costs (241) (192) (351) (308) Amortization expense (210) (204) (412) (402) Operating income (loss) 514 423 1,066 889 Other expense, net (88) (78) (195) (388) Income (loss) before income taxes $ 426 $ 345 $ 870 $ 501 Three Months Ended June 30, Six Months Ended Operating income margin of reportable segments 2023 2022 2023 2022 MedSurg 33.6 % 29.5 % 32.8 % 29.7 % Cardiovascular 26.0 % 23.6 % 26.2 % 22.8 %

Revenue

Revenue	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer [Text Block]	NOTE L – REVENUE We generate revenue primarily from the sale of single-use medical devices and present revenue net of sales taxes within our accompanying unaudited consolidated statements of operations. Our business structure is organized into five operating segments. The following tables disaggregate our revenue from contracts with customers by component and geographic region (in millions). We allocate revenue from contracts with customers to geographic regions based on the location where the sale originated. Three Months Ended June 30, 2023 2022 Businesses U.S. Int'l Total U.S. Int'l Total Endoscopy $ 384 $ 246 $ 631 $ 338 $ 221 $ 560 Urology 340 146 485 320 130 450 Neuromodulation 183 61 244 186 53 239 MedSurg 907 453 1,360 844 404 1,248 Interventional Cardiology Therapies 189 440 629 192 382 574 Watchman 286 30 317 225 25 250 Cardiac Rhythm Management 356 209 566 342 199 541 Electrophysiology 85 108 193 73 79 152 Cardiology 917 787 1,704 832 685 1,517 Peripheral Interventions 285 250 535 257 221 478 Cardiovascular 1,202 1,037 2,239 1,089 906 1,996 Total Net Sales $ 2,110 $ 1,490 $ 3,599 $ 1,933 $ 1,311 $ 3,244 Six Months Ended June 30, 2023 2022 Businesses U.S. Int'l Total U.S. Int'l Total Endoscopy $ 735 $ 472 $ 1,207 $ 650 $ 441 $ 1,091 Urology 666 289 954 606 257 863 Neuromodulation 356 123 478 346 101 448 MedSurg 1,757 883 2,640 1,602 799 2,402 Interventional Cardiology Therapies 372 848 1,220 378 740 1,118 Watchman 552 55 607 428 48 476 Cardiac Rhythm Management 702 412 1,114 667 394 1,061 Electrophysiology 170 199 370 123 147 270 Cardiology 1,796 1,514 3,310 1,596 1,329 2,925 Peripheral Interventions 560 478 1,039 513 430 944 Cardiovascular 2,356 1,993 4,349 2,109 1,760 3,868 Total Net Sales $ 4,113 $ 2,876 $ 6,988 $ 3,711 $ 2,559 $ 6,270 Refer to Note K- Segment Reporting for information on our reportable segments. Three Months Ended June 30, Six Months Ended June 30, Geographic Regions 2023 2022 2023 2022 U.S. $ 2,110 $ 1,933 $ 4,113 $ 3,711 Europe, Middle East and Africa 723 660 1,435 1,284 Asia-Pacific 626 530 1,174 1,047 Latin America and Canada 140 120 267 228 Total Net Sales $ 3,599 $ 3,244 $ 6,988 $ 6,270 Emerging Markets (1) $ 592 $ 498 $ 1,121 $ 938 (1) Periodically, we assess our list of Emerging Markets countries, and effective January 1, 2023, modified our list to include all countries except the United States, Western and Central Europe, Japan, Australia, New Zealand and Canada. We have revised prior year amounts to conform to the current year's presentation. Deferred Revenue Contract liabilities are classified within Other current liabilities and Other long-term liabilities within our accompanying unaudited consolidated balance sheets. Our deferred revenue balance was $537 million as of June 30, 2023 and $509 million as of December 31, 2022. Our contractual liabilities are primarily composed of deferred revenue related to the LATITUDE™ Patient Management System within our Cardiology business, for which revenue is recognized over the average service period based on device and patient longevity. Our contractual liabilities also include deferred revenue related to the LUX-Dx™ Insertable Cardiac Monitor system, also within our Cardiology business, for which revenue is recognized over the average service period based on device longevity and usage. We recognized revenue of $35 million in the second quarter that was included in the above contract liability balance as of December 31, 2022. We have elected not to disclose the transaction price allocated to unsatisfied performance obligations when the original expected contract duration is one year or less. In addition, we have not identified material unfulfilled performance obligations for which revenue is not currently deferred. Variable Consideration For additional information on variable consideration, refer to Note A – Significant Accounting Policies to our audited financial statements contained in Item 8. Financial Statements and Supplementary Data of our most recent Annual Report on Form 10-K.

Changes in Other Comprehensive

Changes in Other Comprehensive Income	6 Months Ended
	Jun. 30, 2023
Other Comprehensive Income (Loss), Net of Tax, Period Change [Abstract]
Comprehensive Income (Loss) Note [Text Block]	NOTE M – CHANGES IN OTHER COMPREHENSIVE INCOME The following tables provide the reclassifications out of Other comprehensive income (loss), net of tax : (in millions) Foreign Currency Translation Adjustments 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 Adjustments Net Change in Derivative Financial Instruments Net Change in Defined Benefit Pensions and Other Items Total Balance as of March 31, 2022 $ 29 $ 229 $ (36) $ 222 Other comprehensive income (loss) before reclassifications 79 165 — 245 (Income) loss amounts reclassified from accumulated other comprehensive income (2) (31) 0 (34) Total other comprehensive income (loss) 77 134 — 211 Balance as of June 30, 2022 $ 106 $ 363 $ (36) $ 433 (in millions) Foreign Currency Translation Adjustments 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 (in millions) Foreign Currency Translation Adjustments Net Change in Derivative Financial Instruments Net Change in Defined Benefit Pensions and Other Items Total Balance as of December 31, 2021 $ 93 $ 206 $ (36) $ 263 Other comprehensive income (loss) before reclassifications 17 200 0 217 (Income) loss amounts reclassified from accumulated other comprehensive income (4) (43) 0 (47) Total other comprehensive income (loss) 13 157 — 170 Balance as of June 30, 2022 $ 106 $ 363 $ (36) $ 433 Refer to Note D – Hedging Activities and Fair Value Measurements for further detail on our net investment hedges recorded in Foreign currency translation adjustments and our cash flow hedges recorded in Net change in derivative financial instruments .

New Accounting Pronouncements

New Accounting Pronouncements	6 Months Ended
	Jun. 30, 2023
Accounting Standards Update and Change in Accounting Principle [Abstract]
New Accounting Pronouncements, Policy	NOTE N – NEW ACCOUNTING PRONOUNCEMENTS Periodically, new accounting pronouncements are issued by the FASB or other standard setting bodies. Recently issued standards typically do not require adoption until a future effective date. Prior to their effective date, we evaluate the pronouncements to determine the potential effects of adoption on our accompanying unaudited consolidated financial statements. During the first six months of 2023, we implemented the following standards on a prospective basis, none of which had a material impact on our financial position or results of operations. ASC Update No. 2022-01 ASC Update No. 2022-01, Derivatives and Hedging (Topic 815): Fair Value Hedging - Portfolio Layer Method. Update No. 2022-01 expands the current single-layer method to allow multiple hedged layers of a single closed portfolio under the method, among other updates to these methods. ASC Update No. 2022-02 ASC Update No. 2022-02, Financial Instruments- Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures makes amendments related to troubled debt restructurings for entities that have adopted Update No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments , as well as amendments related to vintage disclosures for entities with investments in financing receivables that have adopted Update No. 2016-13. ASC Update No. 2022-04 ASC Update No. 2022-04, Liabilities— Supplier Finance Programs (Subtopic 405-50) enhances the transparency of supplier finance programs by requiring that a buyer in a supplier finance program disclose sufficient qualitative and quantitative information about the program to allow a user of financial statements to understand the program's nature, activity during the period, changes from period to period, and potential magnitude. Standards to be Implemented In June 2022, the FASB issued ASC Update No. 2022-03, Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions. Update No. 2022-03 clarifies the guidance in Topic 820 related to measuring the fair value of an equity security subject to contractual restrictions that prohibit the sale of an equity security, as well as introduces new disclosure requirements for these types of equity securities. Update No. 2022-03 is effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. We do not expect the adoption to have a material impact on our financial position or results of operations. No other new accounting pronouncements issued or effective in the period had or are expected to have a material impact on our accompanying unaudited consolidated financial statements.

Insider Trading Arrangements

Insider Trading Arrangements - shares		3 Months Ended	6 Months Ended
	Apr. 06, 2023	Jun. 30, 2023	Jun. 30, 2023
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted			false
Non-Rule 10b5-1 Arrangement Terminated			false
Jeffrey B. Mirviss [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	On April 6, 2023, Jeffrey B. Mirviss, our Senior Vice President and President, Peripheral Interventions, terminated a trading plan that was originally entered into on February 23, 2023 and intended to satisfy the affirmative defense conditions of the prior version of Rule 10b5-1(c). The plan covered the sale of up to 76,992 shares of our common stock, including up to 27,208 shares to be acquired upon vesting of performance share units and restricted share units and 30,172 shares to be acquired upon exercise of stock options, between March 27, 2023 and February 23, 2024. Transactions under the plan were based upon pre-established dates and stock price thresholds.		On May 25, 2023, Jeffrey B. Mirviss, our Senior Vice President and President, Peripheral Interventions, entered into a trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). Mr. Mirviss’ plan covers the sale of up 105,490 shares of our common stock, including up to 56,690 shares to be acquired upon determination and/or vesting of performance share units and restricted share units and 30,172 shares to be acquired upon exercise of stock options, between August 24, 2023 and March 29, 2024. Transactions under the plan are based upon pre-established dates and stock price thresholds.
Name	Jeffrey B. Mirviss	Jeffrey B. Mirviss
Title	Senior Vice President and President, Peripheral Interventions	Senior Vice President and President, Peripheral Interventions
Rule 10b5-1 Arrangement Adopted		true
Adoption Date	April 6, 2023	May 25, 2023
Rule 10b5-1 Arrangement Terminated	true
Arrangement Duration	333 days	218 days
Aggregate Available	76,992	105,490	105,490
Charles Dockendorff [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement			On May 19, 2023, Charles Dockendorff, an independent member of our Board of Directors, entered into a trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). Mr. Dockendorff’s plan covers the sale of 21,025 shares of our common stock between August 18, 2023 and May 31, 2024. Transactions under the plan are based upon pre-established dates and stock price thresholds.
Name		Charles Dockendorff
Title		independent member of our Board of Directors
Adoption Date		May 19, 2023
Arrangement Duration		287 days
Aggregate Available		21,025	21,025
Vance R. Brown [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement			On May 26, 2023, Vance R. Brown, our Senior Vice President, General Counsel and Corporate Secretary, entered into a trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). Mr. Brown’s plan covers the sale of 15,750 shares of our common stock between August 25, 2023 and December 29, 2023. Transactions under the plan are based upon pre-established dates and stock price thresholds.
Name		Vance R. Brown
Title		Senior Vice President, General Counsel and Corporate Secretary
Rule 10b5-1 Arrangement Adopted		true
Adoption Date		May 26, 2023
Arrangement Duration		126 days
Aggregate Available		15,750	15,750

Basis of Presentation Basis of

Basis of Presentation Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Subsequent Events, Policy [Policy Text Block]	Subsequent Events We evaluate events occurring after the date of our accompanying unaudited consolidated balance sheet for potential recognition or disclosure in our financial statements. Those items requiring recognition in the financial statements have been recorded and disclosed accordingly. Those items requiring disclosure (non-recognized subsequent events) in the financial statements have been disclosed accordingly. Refer to Note H – Commitments and Contingencies for further details.

Fair Value Measurements Hedging

Fair Value Measurements Hedging Activities and Fair Value Measurements (Policies)	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurement, Policy [Policy Text Block]	FASB ASC Topic 815 requires all derivative and nonderivative instruments to be recognized at their fair values as either assets or liabilities on the balance sheet. We determine the fair value of our derivative and nonderivative instruments using the framework prescribed by FASB ASC Topic 820, Fair Value Measurements and Disclosures

Commitments and Contingencies C

Commitments and Contingencies Commitments and Contingencies (Policies)	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Legal Costs, Policy [Policy Text Block]	In accordance with FASB ASC Topic 450, Contingencies , we accrue anticipated costs of settlement, damages, losses for product liability claims and, under certain conditions, costs of defense, based on historical experience or to the extent specific losses are probable and estimable. Otherwise, we expense these costs as incurred. If the estimate of a probable loss is a range and no amount within the range is more likely, we accrue the minimum amount of the range. We record certain legal and product liability charges, credits and costs of defense, which we consider to be unusual or infrequent and significant as Litigation-related net charges (credits) within our accompanying unaudited consolidated financial statements. All other legal and product liability charges, credits and costs are recorded within Selling, general and administrative expenses

New Accounting Pronouncements (

New Accounting Pronouncements (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Standards Update and Change in Accounting Principle [Abstract]
ASC Update No. 2022-01, Derivatives and Hedging (Topic 815): FV Hedging -Portfolio Layer Method	ASC Update No. 2022-01, Derivatives and Hedging (Topic 815): Fair Value Hedging - Portfolio Layer Method.
ASC Update No. 2022-02, Financial Instruments, Credit Losses (Topic 326:Troubled Debt Restructurings and Vintage Disclosures)	ASC Update No. 2022-02, Financial Instruments- Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures makes amendments related to troubled debt restructurings for entities that have adopted Update No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments
ASC Update No. 2022-04, Liabilities - Supplier Finance Programs (Subtopic 405-50)	ASC Update No. 2022-04, Liabilities— Supplier Finance Programs (Subtopic 405-50)
ASC Update No. 2022-03, Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions.	In June 2022, the FASB issued ASC Update No. 2022-03, Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions. Update No. 2022-03 clarifies the guidance in Topic 820 related to measuring the fair value of an equity security subject to contractual restrictions that prohibit the sale of an equity security, as well as introduces new disclosure requirements for these types of equity securities. Update No. 2022-03 is effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. We do not expect the adoption to have a material impact on our financial position or results of operations.

Acquisitions, Divestitures an_2

Acquisitions, Divestitures and Strategic Investments (Tables)	6 Months Ended
	Jun. 30, 2023
Business Acquisition [Line Items]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	Changes in the fair value of our contingent consideration liability during the first six months of 2023 associated with prior period acquisitions were as follows: (in millions) Balance as of December 31, 2022 $ 149 Contingent consideration net expense (benefit) 31 Contingent consideration payments (73) Balance as of June 30, 2023 $ 107
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]	The recurring Level 3 fair value measurements of our contingent consideration liability that we expect to be required to settle include the following significant unobservable inputs: Contingent Consideration Liability Fair Value as of June 30, 2023 Valuation Technique Unobservable Input Range Weighted Average (1) R&D, Regulatory and Commercialization-based Milestones $13 million Discounted Cash Flow Discount Rate 1% - 2% 1% Probability of Payment 10% - 25% 22% Projected Year of Payment 2023 - 2025 2024 Revenue-based Payments $94 million Discounted Cash Flow Discount Rate 6% - 14% 6% Probability of Payment 100% 100% Projected Year of Payment 2023 - 2024 2023 (1) Unobservable inputs were weighted by the relative fair value of the contingent consideration liability. For projected year of payment, the amount represents the median of the inputs and is not a weighted average.
Investment [Table Text Block]	The aggregate carrying amount of our strategic investments was comprised of the following: As of (in millions) June 30, 2023 December 31, 2022 Equity method investments $ 206 $ 188 Measurement alternative investments (1, 2) 215 219 $ 422 $ 407 (1) Measurement alternative investments are privately-held equity securities without readily determinable fair values that are measured at cost less impairment, if any, adjusted to fair value for any observable price changes in orderly transactions for the identical or a similar investment of the same issuer, recognized in Other, net within our accompanying unaudited consolidated statements of operations. (2) Includes publicly-held securities and convertible notes measured at fair value with changes in fair value recognized in Other, net within our accompanying unaudited consolidated statements of operations.
Acotec
Business Acquisition [Line Items]
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	(in millions) Acotec (1) Apollo Payment for acquisition, net of cash acquired (2) $ 381 $ 636 $ 381 $ 636 (1) Excludes approximately $140 million of cash on hand at the closing of the transaction (2) Represents majority stake investment in Acotec
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	The preliminary purchase price allocations were comprised of the following components and the final determination of the fair value of certain assets and liabilities will be completed within the measurement period in accordance with FASB ASC Topic 805: (in millions) Acotec Apollo Goodwill $ 340 $ 374 Amortizable intangible assets 334 248 Other assets acquired 93 50 Liabilities assumed (48) (26) Net deferred tax liabilities (79) (9) Fair value of noncontrolling interest (259) — $ 381 $ 636
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]	We allocated a portion of the purchase price to the specific intangible asset categories as follows: Amount Assigned (in millions) Weighted Average Amortization Period (in years) Risk-Adjusted Discount Acotec: Amortizable intangible assets: Technology-related $ 308 11 14% Customer relationships 15 11 14% Other intangible assets 11 13 14% $ 334 Apollo: Amortizable intangible assets: Technology-related $ 222 11 12% Customer relationships 26 11 12% $ 248
Baylis Medical
Business Acquisition [Line Items]
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	(in millions) Payment for acquisition, net of cash acquired $ 1,463 $ 1,463
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	The final purchase price allocation was comprised of the following components: (in millions) Goodwill $ 988 Amortizable intangible assets 657 Other assets acquired 112 Liabilities assumed (287) Net deferred tax liabilities (7) $ 1,463
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]	We allocated a portion of the purchase price to the specific intangible asset categories as follows: Amount Assigned (in millions) Weighted Average Amortization Period (in years) Risk-Adjusted Discount Amortizable intangible assets: Technology-related $ 622 11 11% Other intangible assets 36 11 11% $ 657

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets Goodwill (Tables)	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Goodwill [Table Text Block]	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 June 30, 2023 As of December 31, 2022 (in millions) Gross Carrying Amount Accumulated Amortization/ Write-offs Gross Carrying Amount Accumulated Amortization/ Write-offs Technology-related $ 12,932 $ (7,737) $ 12,397 $ (7,378) Patents 478 (385) 486 (394) Other intangible assets 2,050 (1,448) 1,960 (1,400) Amortizable intangible assets $ 15,459 $ (9,571) $ 14,843 $ (9,173) Goodwill $ 23,559 $ (9,900) $ 22,820 $ (9,900) IPR&D $ 54 $ 112 Technology-related 120 120 Indefinite-lived intangible assets $ 174 $ 232
Schedule of Goodwill [Table Text Block]	The following represents a roll-forward of our goodwill balance by global reportable segment: (in millions) MedSurg Cardiovascular Total As of December 31, 2022 $ 4,237 $ 8,684 $ 12,920 Goodwill acquired 374 340 714 Impact of foreign currency fluctuations and purchase price adjustments (3) 28 25 As of June 30, 2023 $ 4,607 $ 9,052 $ 13,659

Hedging Activities and Fair V_2

Hedging Activities and Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2023
Derivative [Line Items]
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]	The following table presents the contractual amounts of our hedging instruments outstanding: (in millions) FASB ASC Topic 815 Designation As of June 30, 2023 December 31, 2022 Forward currency contracts Cash flow hedge $ 2,454 $ 2,725 Forward currency contracts Net investment hedge 333 365 Foreign currency-denominated debt (1) Net investment hedge 997 997 Forward currency contracts Non-designated 3,575 4,235 Total Notional Outstanding $ 7,360 $ 8,321 (1) Foreign currency-denominated debt is the €900 million debt principal associated with our 2027 Notes designated as a net investment hedge.
Derivative Instruments, Gain (Loss) [Table Text Block]	Effect of Hedging Relationships on Accumulated Other Comprehensive Income Amount Recognized in OCI on Hedges Unaudited Consolidated Statements of Operations (1) Amount Reclassified from AOCI into Earnings (in millions) Pre-Tax Gain (Loss) Tax Benefit (Expense) Gain (Loss) Net of Tax Location of Amount Reclassified and Total Amount of Line Item Pre-Tax (Gain) Loss Tax (Benefit) Expense (Gain) Loss Net of Tax Three Months Ended June 30, 2023 Forward currency contracts Cash flow hedges $ 74 $ (17) $ 58 Cost of products sold $ 1,058 $ (55) $ 12 $ (43) Net investment hedges (2) 22 (5) 17 Interest expense 70 (2) 1 (2) Foreign currency-denominated debt Net investment hedges (3) 1 — 1 Other, net 18 — — — Interest rate derivative contracts Cash flow hedges — — — Interest expense 70 1 — 1 Effect of Hedging Relationships on Accumulated Other Comprehensive Income Amount Recognized in OCI on Hedges Unaudited Consolidated Statements of Operations (1) Amount Reclassified from AOCI into Earnings (in millions) Pre-Tax Gain (Loss) Tax Benefit (Expense) Gain (Loss) Net of Tax Location of Amount Reclassified and Total Amount of Line Item Pre-Tax (Gain) Loss Tax (Benefit) Expense (Gain) Loss Net of Tax Three Months Ended June 30, 2022 Forward currency contracts Cash flow hedges $ 213 $ (48) $ 165 Cost of products sold $ 1,011 $ (41) $ 9 $ (32) Net investment hedges (2) 34 5 39 Interest expense 64 (3) 1 (2) Foreign currency-denominated debt Net investment hedges (3) 62 (14) 48 Other, net 14 — — — Interest rate derivative contracts Cash flow hedges — — — Interest Expense 64 1 — 1 Effect of Hedging Relationships on Accumulated Other Comprehensive Income Amount Recognized in OCI on Hedges Unaudited Consolidated Statements of Operations (1) Amount Reclassified from AOCI into Earnings (in millions) Pre-Tax Gain (Loss) Tax Benefit (Expense) Gain (Loss) Net of Tax Location of Amount Reclassified and Total Amount of Line Item Pre-Tax (Gain) Loss Tax (Benefit) Expense (Gain) Loss Net of Tax Six Months Ended June 30, 2023 Forward currency contracts Cash flow hedges $ 87 $ (20) $ 67 Cost of products sold $ 2,098 $ (125) $ 28 $ (97) Net investment hedges (2) 28 (6) 22 Interest expense 135 (5) 1 (4) Foreign currency-denominated debt Net investment hedges (3) (18) 4 (14) Other, net 61 — — — Interest rate derivative contracts Cash flow hedges — Interest expense 135 1 — 1 Effect of Hedging Relationships on Accumulated Other Comprehensive Income Amount Recognized in OCI on Hedges Unaudited Consolidated Statements of Operations (1) Amount Reclassified from AOCI into Earnings (in millions) Pre-Tax Gain (Loss) Tax Benefit (Expense) Gain (Loss) Net of Tax Location of Amount Reclassified and Total Amount of Line Item Pre-Tax (Gain) Loss Tax (Benefit) Expense (Gain) Loss Net of Tax Six Months Ended June 30, 2022 Forward currency contracts Cash flow hedges $ 259 $ (58) $ 200 Cost of products sold $ 1,966 $ (71) $ 16 $ (55) Net investment hedges (2) 49 2 50 Interest expense 343 (5) 1 (4) Foreign currency-denominated debt Net investment hedges (3) 86 (19) 66 Other, net 46 — — — Interest rate derivative contracts Cash flow hedges — — — Interest expense 343 15 (3) 11 (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 period, 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.
Derivative Instruments, Gain (Loss) that may be Reclassified from AOCI to Earnings within Twelve Months [Table Text Block]	As of June 30, 2023, pre-tax net gains or losses for our derivative instruments designated, or previously designated, as cash flow and net investment hedges under FASB ASC Topic 815 that may be reclassified from AOCI to earnings within the next twelve months are presented below: (in millions) FASB ASC Topic 815 Designation Location on Unaudited Consolidated Statements of Operations Amount of Pre-Tax Gain (Loss) that may be Reclassified to Earnings Designated Hedging Instrument Forward currency contracts Cash flow hedge Cost of products sold $ 209 Forward currency contracts Net investment hedge Interest expense 9 Interest rate derivative contracts Cash flow hedge Interest expense (2)
Derivatives Not Designated as Hedging Instruments [Table Text Block]	Net gains and losses on currency hedge contracts not designated as hedging instruments offset by net gains and losses from currency transaction exposures are presented below: Location on Unaudited Consolidated Statements of Operations Three Months Ended June 30, Six Months Ended June 30, (in millions) 2023 2022 2023 2022 Net gain (loss) on currency hedge contracts Other, net $ 11 $ (34) $ 2 $ (63) Net gain (loss) on currency transaction exposures Other, net (20) 35 (26) 56 Net currency exchange gain (loss) $ (9) $ 1 $ (24) $ (7)
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	The following are the balances of our derivative and nonderivative assets and liabilities: Location on Unaudited Consolidated Balance Sheets (1) As of (in millions) June 30, 2023 December 31, 2022 Derivative and Nonderivative Assets: Designated Hedging Instruments Forward currency contracts Other current assets $ 188 $ 196 Forward currency contracts Other long-term assets 155 149 342 345 Non-Designated Hedging Instruments Forward currency contracts Other current assets 46 36 Total Derivative and Nonderivative Assets $ 388 $ 381 Derivative and Nonderivative Liabilities: Designated Hedging Instruments Forward currency contracts Other current liabilities $ 1 $ — Forward currency contracts Other long-term liabilities 2 1 Foreign currency-denominated debt (2) Long-term debt 971 952 974 953 Non-Designated Hedging Instruments Forward currency contracts Other current liabilities 48 52 Total Derivative and Nonderivative Liabilities $ 1,021 $ 1,005 (1) We classify derivative and nonderivative assets and liabilities as current when the settlement date of the contract is one year or less. (2) Foreign currency-denominated debt is the €900 million debt principal associated with our 2027 Notes designated as a net investment hedge. A portion of this notional is subject to de-designation and re-designation based on changes in the underlying hedged item.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	Assets and liabilities measured at fair value on a recurring basis consist of the following: As of June 30, 2023 December 31, 2022 (in millions) Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets Money market funds and time deposits $ 17 $ — $ — $ 17 $ 673 $ — $ — $ 673 Publicly-held equity securities 29 — — 29 2 — — 2 Hedging instruments — 388 — 388 — 381 — 381 Licensing arrangements — — 102 102 — — 127 127 $ 46 $ 388 $ 102 $ 535 $ 674 $ 381 $ 127 $ 1,182 Liabilities Hedging instruments $ — $ 1,021 $ — $ 1,021 $ — $ 1,005 $ — $ 1,005 Contingent consideration liability — — 107 107 — — 149 149 Licensing arrangements — — 115 115 — — 159 159 $ — $ 1,021 $ 222 $ 1,244 $ — $ 1,005 $ 308 $ 1,313 Licensing Arrangements Fair Value as of June 30, 2023 Valuation Technique Unobservable Input Range Weighted Average (1) Financial Asset $102 million Discounted Cash Flow Discount Rate 15% 15% Projected Year of Payment 2023 - 2025 2024 Financial Liability $115 million Discounted Cash Flow Discount Rate 12 % - 15% 13% Projected Year of Payment 2023 - 2026 2024 (1) Unobservable inputs relate to a single financial asset and liability. As such, unobservable inputs were not weighted by the relative fair value of the instruments. For projected year of payment, the amount represents the median of the inputs and is not a weighted average. Changes in the fair value of our licensing arrangements' financial asset were as follows: (in millions) Balance as of December 31, 2022 $ 127 Proceeds from royalty rights (31) Fair value adjustment (expense) benefit 6 Balance as of June 30, 2023 $ 102 Changes in the fair value of our licensing arrangements' financial liability were as follows: (in millions) Balance as of December 31, 2022 $ 159 Payments for royalty rights (50) Fair value adjustment expense (benefit) 6 Balance as of June 30, 2023 $ 115

Contractual Obligations and C_2

Contractual Obligations and Commitments (Tables)	6 Months Ended
	Jun. 30, 2023
Short-term Debt [Line Items]
Schedule of Long-term Debt Instruments [Table Text Block]	The debt maturity schedule for our long-term debt obligations is presented below: (in millions, except interest rates) Issuance Date Maturity Date As of Coupon Rate (1) June 30, December 31, March 2024 Senior Notes February 2019 March 2024 — 504 3.450% March 2025 Senior Notes (3) March 2022 March 2025 1,087 1,067 0.750% June 2025 Senior Notes May 2020 June 2025 500 500 1.900% March 2026 Senior Notes February 2019 March 2026 255 255 3.750% December 2027 Senior Notes (3) November 2019 December 2027 978 960 0.625% March 2028 Senior Notes (3) March 2022 March 2028 815 800 1.375% March 2028 Senior Notes February 2018 March 2028 344 344 4.000% March 2029 Senior Notes February 2019 March 2029 272 272 4.000% June 2030 Senior Notes May 2020 June 2030 1,200 1,200 2.650% March 2031 Senior Notes (3) March 2022 March 2031 815 800 1.625% March 2034 Senior Notes (3) March 2022 March 2034 543 534 1.875% November 2035 Senior Notes (2) November 2005 November 2035 350 350 6.500% March 2039 Senior Notes February 2019 March 2039 450 450 4.550% January 2040 Senior Notes December 2009 January 2040 300 300 7.375% March 2049 Senior Notes February 2019 March 2049 650 650 4.700% Unamortized Debt Issuance Discount and Deferred Financing Costs 2023 - 2049 (70) (76) Finance Lease Obligation Various 5 5 Long-term debt $ 8,494 $ 8,915 Note: The table above does not include unamortized amounts related to interest rate contracts designated as cash flow hedges. (1) Coupon rates are semi-annual, except for the euro-denominated senior notes, which bear an annual coupon. (2) Corporate credit rating improvements may result in a decrease in the adjusted interest rate on our November 2035 Notes to the extent that our lowest credit rating is above BBB- or Baa3. The interest rates on our November 2035 Notes will be permanently reinstated to the issuance rate if the lowest credit ratings assigned to these senior notes is either A- or A3 or higher. Effective May 2023, the interest rate payable decreased by 0.25 percent and began accruing at a rate of 6.50 percent following recent upgrades to our credit ratings. (3) These notes are euro-denominated and presented in U.S. dollars based on the exchange rate in effect as of June 30, 2023 and December 31, 2022, respectively.
Summary Of Term Loan And Revolving Credit Facility Agreement Compliance With Debt Covenants [Table Text Block]	As of June 30, 2023, we were in compliance with the financial covenant required by the 2021 Revolving Credit Facility, as amended. Covenant Requirement Actual as of June 30, 2023 as of June 30, 2023 Maximum permitted leverage ratio (1) 3.75 times 2.48 times (1) Ratio of total debt to consolidated EBITDA, as defined by the credit agreements, as amended.
Transfer of Financial Assets Accounted for as Sales [Table Text Block]	Factoring Arrangements As of June 30, 2023 As of December 31, 2022 Amount Weighted Average Amount Weighted Average Euro denominated $ 217 5.4 % $ 161 2.4 % Yen denominated 179 0.7 % 194 0.6 % Renminbi denominated 17 2.9 % 13 3.1 %
Commercial Paper [Member]
Short-term Debt [Line Items]
Schedule of Short-term Debt [Table Text Block]	We had $41 million of commercial paper outstanding as of June 30, 2023 and none as of December 31, 2022. As of (in millions, except maturity and yield) June 30, 2023 December 31, 2022 Commercial paper outstanding (at par) $ 41 $ — Maximum borrowing capacity 2,750 2,750 Borrowing capacity available 2,709 2,750 Weighted average maturity 5 days 0 days Weighted average yield 5.30 % — %

Supplemental Balance Sheet In_2

Supplemental Balance Sheet Information (Tables)	6 Months Ended
	Jun. 30, 2023
Supplemental Balance Sheet Information [Abstract]
Trade accounts receivable, net [Table Text Block]	As of (in millions) June 30, 2023 December 31, 2022 Trade accounts receivable $ 2,261 $ 2,079 Allowance for credit losses (127) (109) $ 2,134 $ 1,970 Three Months Ended June 30, Six Months Ended (in millions) 2023 2022 2023 2022 Beginning balance $ 118 $ 113 $ 109 $ 108 Credit loss expense 19 9 35 20 Write-offs (10) (5) (16) (11) Ending balance $ 127 $ 117 $ 127 $ 117
Inventory Disclosure [Table Text Block]	As of (in millions) June 30, 2023 December 31, 2022 Finished goods $ 1,372 $ 1,171 Work-in-process 175 147 Raw materials 703 548 $ 2,250 $ 1,867
Schedule of Other Current Assets [Table Text Block]	As of (in millions) June 30, 2023 December 31, 2022 Restricted cash and restricted cash equivalents $ 135 $ 149 Derivative assets 234 232 Licensing arrangements 53 60 Other 353 290 $ 773 $ 731
Property, plant and equipment, net [Table Text Block]	As of (in millions) June 30, 2023 December 31, 2022 Land $ 141 $ 137 Buildings and improvements 1,790 1,695 Equipment, furniture and fixtures 3,427 3,297 Capital in progress 604 598 5,962 5,728 Less: accumulated depreciation 3,428 3,282 $ 2,534 $ 2,446
Schedule of Other Assets [Table Text Block]	As of (in millions) June 30, 2023 December 31, 2022 Restricted cash equivalents $ 60 $ 48 Operating lease right-of-use assets 445 386 Derivative assets 156 149 Investments 422 407 Licensing arrangements 49 67 Indemnification asset 168 172 Other 295 271 $ 1,595 $ 1,500
Schedule of Accrued Liabilities [Table Text Block]	As of (in millions) June 30, 2023 December 31, 2022 Legal reserves $ 209 $ 231 Payroll and related liabilities 843 830 Rebates 363 352 Contingent consideration 97 74 Other 653 674 $ 2,164 $ 2,160
Other Current Liabilities [Table Text Block]	As of (in millions) June 30, 2023 December 31, 2022 Deferred revenue $ 242 $ 220 Licensing arrangements 55 79 Taxes payable 400 232 Other 242 230 $ 940 $ 761
Other long-term liabilities [Table Text Block]	As of (in millions) June 30, 2023 December 31, 2022 Accrued income taxes $ 489 $ 597 Legal reserves 210 212 Contingent consideration 10 75 Licensing arrangements 60 80 Operating lease liabilities 401 347 Deferred revenue 295 289 Other 460 434 $ 1,926 $ 2,035

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2023
Schedule of Income Tax Rate Reconciliation [Line Items]
Schedule of Effective Income Tax Rate from Continuing Operations [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Effective tax rate from continuing operations 36.6 % 24.7 % 32.9 % 26.1 %

Weighted Average Shares Outst_2

Weighted Average Shares Outstanding (Tables)	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Schedule of Weighted Average Number of Shares [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, (in millions) 2023 2022 2023 2022 Weighted average shares outstanding — basic 1,446.2 1,429.7 1,441.0 1,428.8 Net effect of common stock equivalents 10.1 8.1 10.1 9.3 Weighted average shares outstanding - diluted 1,456.2 1,437.8 1,451.1 1,438.1
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following securities were excluded from the calculation of diluted weighted average shares outstanding because their effect in the periods presented below would have been anti-dilutive: Three Months Ended June 30, Six Months Ended June 30, (in millions) 2023 2022 2023 2022 Stock options outstanding (1) — 7 0 6 MCPS (2) 16 24 20 24 (1) Represents stock options outstanding pursuant to our employee stock-based compensation plans with exercise prices that were greater than the average fair market value of our common stock for the related periods. (2) Represents common stock issuable upon the conversion of MCPS. Refer to Note I – Stockholders' Equity for additional information.

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]	A reconciliation of the totals reported for the reportable segments to the applicable line items within our accompanying unaudited consolidated statements of operations is as follows (in millions, except percentages). Prior period amounts have been restated at constant currency to conform to current year presentation. Three Months Ended Six Months Ended Net Sales 2023 2022 2023 2022 MedSurg $ 1,331 $ 1,217 $ 2,582 $ 2,322 Cardiovascular 2,179 1,926 4,228 3,695 Total net sales of reportable segments 3,509 3,143 6,810 6,016 Impact of foreign currency fluctuations 91 101 179 254 $ 3,599 $ 3,244 $ 6,988 $ 6,270 Income (loss) before income taxes MedSurg $ 448 $ 359 $ 847 $ 689 Cardiovascular 566 454 1,106 843 Total operating income of reportable segments 1,013 812 1,954 1,531 Unallocated amounts: Corporate expenses, including hedging activities and impact of foreign currency fluctuations on operating income of reportable segments (49) 6 (124) 68 Goodwill and intangible asset impairment charges, acquisition/divestiture-related net charges (credits), restructuring and restructuring-related net charges (credits), certain litigation-related net charges (credits) and EU MDR implementation costs (241) (192) (351) (308) Amortization expense (210) (204) (412) (402) Operating income (loss) 514 423 1,066 889 Other expense, net (88) (78) (195) (388) Income (loss) before income taxes $ 426 $ 345 $ 870 $ 501 Three Months Ended June 30, Six Months Ended Operating income margin of reportable segments 2023 2022 2023 2022 MedSurg 33.6 % 29.5 % 32.8 % 29.7 % Cardiovascular 26.0 % 23.6 % 26.2 % 22.8 %

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2023
Disaggregation of Revenue [Abstract]
Disaggregation of Revenue [Table Text Block]	The following tables disaggregate our revenue from contracts with customers by component and geographic region (in millions). We allocate revenue from contracts with customers to geographic regions based on the location where the sale originated. Three Months Ended June 30, 2023 2022 Businesses U.S. Int'l Total U.S. Int'l Total Endoscopy $ 384 $ 246 $ 631 $ 338 $ 221 $ 560 Urology 340 146 485 320 130 450 Neuromodulation 183 61 244 186 53 239 MedSurg 907 453 1,360 844 404 1,248 Interventional Cardiology Therapies 189 440 629 192 382 574 Watchman 286 30 317 225 25 250 Cardiac Rhythm Management 356 209 566 342 199 541 Electrophysiology 85 108 193 73 79 152 Cardiology 917 787 1,704 832 685 1,517 Peripheral Interventions 285 250 535 257 221 478 Cardiovascular 1,202 1,037 2,239 1,089 906 1,996 Total Net Sales $ 2,110 $ 1,490 $ 3,599 $ 1,933 $ 1,311 $ 3,244 Six Months Ended June 30, 2023 2022 Businesses U.S. Int'l Total U.S. Int'l Total Endoscopy $ 735 $ 472 $ 1,207 $ 650 $ 441 $ 1,091 Urology 666 289 954 606 257 863 Neuromodulation 356 123 478 346 101 448 MedSurg 1,757 883 2,640 1,602 799 2,402 Interventional Cardiology Therapies 372 848 1,220 378 740 1,118 Watchman 552 55 607 428 48 476 Cardiac Rhythm Management 702 412 1,114 667 394 1,061 Electrophysiology 170 199 370 123 147 270 Cardiology 1,796 1,514 3,310 1,596 1,329 2,925 Peripheral Interventions 560 478 1,039 513 430 944 Cardiovascular 2,356 1,993 4,349 2,109 1,760 3,868 Total Net Sales $ 4,113 $ 2,876 $ 6,988 $ 3,711 $ 2,559 $ 6,270 Refer to Note K- Segment Reporting for information on our reportable segments. Three Months Ended June 30, Six Months Ended June 30, Geographic Regions 2023 2022 2023 2022 U.S. $ 2,110 $ 1,933 $ 4,113 $ 3,711 Europe, Middle East and Africa 723 660 1,435 1,284 Asia-Pacific 626 530 1,174 1,047 Latin America and Canada 140 120 267 228 Total Net Sales $ 3,599 $ 3,244 $ 6,988 $ 6,270 Emerging Markets (1) $ 592 $ 498 $ 1,121 $ 938

Changes in Other Comprehensiv_2

Changes in Other Comprehensive Income (Tables)	6 Months Ended
	Jun. 30, 2023
Other Comprehensive Income (Loss), Net of Tax, Period Change [Abstract]
Changes in Other Comprehensive Income [Table Text Block]	The following tables provide the reclassifications out of Other comprehensive income (loss), net of tax : (in millions) Foreign Currency Translation Adjustments 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 Adjustments Net Change in Derivative Financial Instruments Net Change in Defined Benefit Pensions and Other Items Total Balance as of March 31, 2022 $ 29 $ 229 $ (36) $ 222 Other comprehensive income (loss) before reclassifications 79 165 — 245 (Income) loss amounts reclassified from accumulated other comprehensive income (2) (31) 0 (34) Total other comprehensive income (loss) 77 134 — 211 Balance as of June 30, 2022 $ 106 $ 363 $ (36) $ 433 (in millions) Foreign Currency Translation Adjustments 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 (in millions) Foreign Currency Translation Adjustments Net Change in Derivative Financial Instruments Net Change in Defined Benefit Pensions and Other Items Total Balance as of December 31, 2021 $ 93 $ 206 $ (36) $ 263 Other comprehensive income (loss) before reclassifications 17 200 0 217 (Income) loss amounts reclassified from accumulated other comprehensive income (4) (43) 0 (47) Total other comprehensive income (loss) 13 157 — 170 Balance as of June 30, 2022 $ 106 $ 363 $ (36) $ 433

Basis of Presentation (Details)

Basis of Presentation (Details)	6 Months Ended
	Jun. 30, 2023 reportablesegments
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	2

Acquisitions and Divestitures (

Acquisitions and Divestitures (Details) $ in Millions					6 Months Ended
	Apr. 04, 2023 USD ($)	Feb. 20, 2023 USD ($)	Feb. 20, 2023 KRW (₩)	Feb. 14, 2022 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 15, 2023	Dec. 31, 2022 USD ($)
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired					$ 1,018	$ 1,471
Goodwill					13,659			$ 12,920
Cash					409			$ 256
Acotec
Business Acquisition [Line Items]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners		35%
M.I. Tech Co., Ltd
Business Acquisition [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired							9.90%
Apollo
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired					636
Business Combination, Step Acquisition, Equity Interest in Acquiree, Fair Value	$ 636
Business Combination, Consideration Transferred, Including Equity Interest in Acquiree Held Prior to Combination					636
Goodwill					374
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets					50
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities					(26)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities					(9)
Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value					0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill					248
Business Acquisition, Percentage of Voting Interests Acquired	100%
Apollo | Technology-Based Intangible Assets [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles					$ 222
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life					11 years
Apollo | Customer Relationships
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles					$ 26
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life					11 years
Apollo | Weighted Average [Member] | Technology-Based Intangible Assets [Member]
Business Acquisition [Line Items]
Discount Rate, Fair Value Input					12%
Apollo | Weighted Average [Member] | Customer Relationships
Business Acquisition [Line Items]
Discount Rate, Fair Value Input					12%
Acotec
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired					$ 381
Business Combination, Step Acquisition, Equity Interest in Acquiree, Fair Value		$ 519	₩ 20
Business Combination, Consideration Transferred, Including Equity Interest in Acquiree Held Prior to Combination					381
Goodwill					340
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets					93
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities					(48)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities					(79)
Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value					(259)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill					334
Business Acquisition, Percentage of Voting Interests Acquired		65%
Cash		$ 140
Acotec | Technology-Based Intangible Assets [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles					$ 308
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life					11 years
Acotec | Other Intangible Assets [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles					$ 11
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life					13 years
Acotec | Customer Relationships
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles					$ 15
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life					11 years
Acotec | Weighted Average [Member] | Technology-Based Intangible Assets [Member]
Business Acquisition [Line Items]
Discount Rate, Fair Value Input					14%
Acotec | Weighted Average [Member] | Other Intangible Assets [Member]
Business Acquisition [Line Items]
Discount Rate, Fair Value Input					14%
Acotec | Weighted Average [Member] | Customer Relationships
Business Acquisition [Line Items]
Discount Rate, Fair Value Input					14%
Baylis Medical
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired				$ 1,463
Business Combination, Consideration Transferred, Including Equity Interest in Acquiree Held Prior to Combination					$ 1,463
Goodwill					988
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles					657
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets					112
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities					(287)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities					(7)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill					657
Baylis Medical | Technology-Based Intangible Assets [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles					$ 622
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life					11 years
Baylis Medical | Other Intangible Assets [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles					$ 36
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life					11 years
Baylis Medical | Weighted Average [Member] | Technology-Based Intangible Assets [Member]
Business Acquisition [Line Items]
Discount Rate, Fair Value Input					11%
Baylis Medical | Weighted Average [Member] | Other Intangible Assets [Member]
Business Acquisition [Line Items]
Discount Rate, Fair Value Input					11%

Contingent Consideration (Detai

Contingent Consideration (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration [Abstract]
Business Combination, Contingent Consideration, Liability Beginning Balance			$ 149
Contingent consideration net expense (benefit)	$ 19	$ 36	31	$ 48
Payment of contingent consideration			(73)
Business Combination, Contingent Consideration, Liability Ending Balance	107		107
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
Business Combination, Contingent Consideration, Liability	107		107
All Business Acquisitions
Business Combination, Contingent Consideration Arrangements [Abstract]
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High	364		364
Valuation Technique, Discounted Cash Flow [Member] | R&D, Regulatory and Commercialization-based Milestone [Member]
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration [Abstract]
Business Combination, Contingent Consideration, Liability Ending Balance	13		13
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
Business Combination, Contingent Consideration, Liability	13		13
Valuation Technique, Discounted Cash Flow [Member] | revenue-based payments [Member]
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration [Abstract]
Business Combination, Contingent Consideration, Liability Ending Balance	94		94
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
Business Combination, Contingent Consideration, Liability	$ 94		$ 94
contingent consideration liability, probability of payment	100%		100%
Minimum [Member] | Valuation Technique, Discounted Cash Flow [Member] | R&D, Regulatory and Commercialization-based Milestone [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
contingent consideration liability, probability of payment	10%		10%
Discount Rate, Fair Value Input	1%		1%
Minimum [Member] | Valuation Technique, Discounted Cash Flow [Member] | revenue-based payments [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
Discount Rate, Fair Value Input	6%		6%
Maximum [Member] | Valuation Technique, Discounted Cash Flow [Member] | R&D, Regulatory and Commercialization-based Milestone [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
contingent consideration liability, probability of payment	25%		25%
Discount Rate, Fair Value Input	2%		2%
Maximum [Member] | Valuation Technique, Discounted Cash Flow [Member] | revenue-based payments [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
Discount Rate, Fair Value Input	14%		14%
Weighted Average [Member] | Valuation Technique, Discounted Cash Flow [Member] | R&D, Regulatory and Commercialization-based Milestone [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
contingent consideration liability, probability of payment	22%		22%
Discount Rate, Fair Value Input	1%		1%
Weighted Average [Member] | Valuation Technique, Discounted Cash Flow [Member] | revenue-based payments [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
contingent consideration liability, probability of payment	100%		100%
Discount Rate, Fair Value Input	6%		6%

Strategic Investments (Details)

Strategic Investments (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Schedule of Investments [Line Items]
Equity method investments	$ 206	$ 188
Measurement alternative investments(1, 2)	215	219
Investments	422	$ 407
Equity Method Investment, Difference Between Carrying Amount and Underlying Equity	$ 230

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) reportablesegments	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Intangible Assets and Goodwill [Line Items]
Finite-Lived Intangible Assets, Gross	$ 15,459		$ 15,459		$ 14,843
Finite-Lived Intangible Assets, Accumulated Amortization	(9,571)		(9,571)		(9,173)
Indefinite-lived Intangible Assets (Excluding Goodwill)	174		174		232
Goodwill [Roll Forward]
Goodwill Beginning Balance			12,920
Goodwill, Translation and Purchase Accounting Adjustments			25
Goodwill, Acquired During Period			714
Goodwill Ending Balance	13,659		$ 13,659
Number of reportable segments | reportablesegments			2
Intangible asset impairment charges	57	$ 7	$ 57	$ 7
MedSurg [Member]
Goodwill [Roll Forward]
Goodwill Beginning Balance			4,237
Goodwill, Translation and Purchase Accounting Adjustments			(3)
Goodwill, Acquired During Period			374
Goodwill Ending Balance	4,607		4,607
Cardiovascular [Member]
Goodwill [Roll Forward]
Goodwill Beginning Balance			8,684
Goodwill, Translation and Purchase Accounting Adjustments			28
Goodwill, Acquired During Period			340
Goodwill Ending Balance	9,052		9,052
Goodwill [Member]
Intangible Assets and Goodwill [Line Items]
Goodwill, Gross	23,559		23,559		22,820
Goodwill, Impaired, Accumulated Impairment Loss	(9,900)		(9,900)		(9,900)
In Process Research and Development [Member]
Intangible Assets and Goodwill [Line Items]
Indefinite-lived Intangible Assets (Excluding Goodwill)	54		54		112
Technology-Based Intangible Assets [Member]
Intangible Assets and Goodwill [Line Items]
Indefinite-lived Intangible Assets (Excluding Goodwill)	120		120		120
Technology-Based Intangible Assets [Member]
Intangible Assets and Goodwill [Line Items]
Finite-Lived Intangible Assets, Gross	12,932		12,932		12,397
Finite-Lived Intangible Assets, Accumulated Amortization	(7,737)		(7,737)		(7,378)
Patents [Member]
Intangible Assets and Goodwill [Line Items]
Finite-Lived Intangible Assets, Gross	478		478		486
Finite-Lived Intangible Assets, Accumulated Amortization	(385)		(385)		(394)
Other Intangible Assets [Member]
Intangible Assets and Goodwill [Line Items]
Finite-Lived Intangible Assets, Gross	2,050		2,050		1,960
Finite-Lived Intangible Assets, Accumulated Amortization	$ (1,448)		$ (1,448)		$ (1,400)

Hedging Activities and Fair V_3

Hedging Activities and Fair Value Measurements (Details) € in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023 USD ($) units derivative_instrument	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) units derivative_instrument	Jun. 30, 2022 USD ($)	Jun. 30, 2023 EUR (€) units derivative_instrument	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($) derivative_instrument	Mar. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Derivative Instruments, Gain (Loss) [Line Items]
AOCI, Cash Flow Hedge, Cumulative Gain (Loss), after Tax	$ 241,000,000	$ 363,000,000	$ 241,000,000	$ 363,000,000		$ 225,000,000	$ 269,000,000	$ 229,000,000	$ 206,000,000
Derivative, Notional Amount	7,360,000,000		7,360,000,000				8,321,000,000
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, after Tax	58,000,000	165,000,000	67,000,000	200,000,000
Cost of Goods and Services Sold	1,058,000,000	1,011,000,000	2,098,000,000	1,966,000,000
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax	42,000,000	31,000,000	95,000,000	43,000,000
Interest Expense	70,000,000	64,000,000	135,000,000	343,000,000
Other Operating Income (Expense), Net	18,000,000	14,000,000	61,000,000	46,000,000
Derivative Asset, Fair Value, Gross Asset	388,000,000		388,000,000				381,000,000
Derivative Liability, Fair Value, Gross Liability	1,021,000,000		1,021,000,000				1,005,000,000
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	156,000,000		156,000,000				149,000,000
Licensing arrangements, asset	49,000,000		49,000,000				67,000,000
Business Combination, Contingent Consideration, Liability	107,000,000		107,000,000				149,000,000
Licensing arrangements, liability	60,000,000		60,000,000				80,000,000
Cash	409,000,000		409,000,000				256,000,000
Non-cash impact of transferred royalty rights	(16,000,000)	(36,000,000)	(16,000,000)	(36,000,000)
Debt Instrument, Fair Value Disclosure	8,441,000,000		8,441,000,000				8,203,000,000
Accumulated Foreign Currency Adjustment Attributable to Parent
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification from AOCI, Current Period, Net of Tax, Attributable to Parent	0	0	0	0
December 2027 Notes [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Long-term Debt	$ 978,000,000		$ 978,000,000		€ 900		960,000,000
Debt Instrument, Interest Rate, Stated Percentage	0.625%		0.625%		0.625%
Licensing arrangement assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount Rate, Fair Value Input	15%		15%		15%
Proceeds from Royalties Received			$ (31,000,000)
Increase (Decrease) in Fair Value Adjustments on Other Assets (Liabilities) Carried at Fair Value under Fair Value Option			6,000,000
Licensing arrangement liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Payments for Royalties			(50,000,000)
Increase (Decrease) in Fair Value Adjustments on Other Assets (Liabilities) Carried at Fair Value under Fair Value Option			6,000,000
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Licensing arrangements, asset	$ 102,000,000		102,000,000
Licensing arrangements, liability	115,000,000		115,000,000
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money Market Funds, at Carrying Value	17,000,000		17,000,000				673,000,000
Equity Securities, FV-NI	29,000,000		29,000,000				2,000,000
Derivative Asset	388,000,000		388,000,000				381,000,000
Licensing arrangements, asset	102,000,000		102,000,000				127,000,000
Assets, Fair Value Disclosure	535,000,000		535,000,000				1,182,000,000
Derivative Liability	1,021,000,000		1,021,000,000				1,005,000,000
Business Combination, Contingent Consideration, Liability	107,000,000		107,000,000				149,000,000
Licensing arrangements, liability	115,000,000		115,000,000				159,000,000
Financial and Nonfinancial Liabilities, Fair Value Disclosure	1,244,000,000		1,244,000,000				1,313,000,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money Market Funds, at Carrying Value	17,000,000		17,000,000				673,000,000
Equity Securities, FV-NI	29,000,000		29,000,000				2,000,000
Derivative Asset	0		0				0
Licensing arrangements, asset	0		0				0
Assets, Fair Value Disclosure	46,000,000		46,000,000				674,000,000
Derivative Liability	0		0				0
Business Combination, Contingent Consideration, Liability	0		0				0
Licensing arrangements, liability	0		0				0
Financial and Nonfinancial Liabilities, Fair Value Disclosure	0		0				0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money Market Funds, at Carrying Value	0		0				0
Equity Securities, FV-NI	0		0				0
Derivative Asset	388,000,000		388,000,000				381,000,000
Licensing arrangements, asset	0		0				0
Assets, Fair Value Disclosure	388,000,000		388,000,000				381,000,000
Derivative Liability	1,021,000,000		1,021,000,000				1,005,000,000
Business Combination, Contingent Consideration, Liability	0		0				0
Licensing arrangements, liability	0		0				0
Financial and Nonfinancial Liabilities, Fair Value Disclosure	1,021,000,000		1,021,000,000				1,005,000,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money Market Funds, at Carrying Value	0		0				0
Equity Securities, FV-NI	0		0				0
Derivative Asset	0		0				0
Licensing arrangements, asset	102,000,000		102,000,000				127,000,000
Assets, Fair Value Disclosure	102,000,000		102,000,000				127,000,000
Derivative Liability	0		0				0
Business Combination, Contingent Consideration, Liability	107,000,000		107,000,000				149,000,000
Licensing arrangements, liability	115,000,000		115,000,000				159,000,000
Financial and Nonfinancial Liabilities, Fair Value Disclosure	222,000,000		222,000,000				308,000,000
Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments in Hedges, Assets, at Fair Value	342,000,000		342,000,000				345,000,000
Derivative Instruments in Hedges, Liabilities, at Fair Value	974,000,000		974,000,000				953,000,000
Designated as Hedging Instrument [Member] | Other Noncurrent Liabilities [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments in Hedges, Liabilities, at Fair Value	$ 971,000,000		$ 971,000,000				952,000,000
Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Forward Currency Contracts, Time to Maturity | units	36		36		36
Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | Prepaid Expenses and Other Current Assets [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments in Hedges, Assets, at Fair Value	$ 188,000,000		$ 188,000,000				196,000,000
Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | Other Noncurrent Assets [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments in Hedges, Assets, at Fair Value	155,000,000		155,000,000				149,000,000
Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | Other Current Liabilities [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments in Hedges, Liabilities, at Fair Value	1,000,000		1,000,000				0
Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | Other Noncurrent Liabilities [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments in Hedges, Liabilities, at Fair Value	2,000,000		2,000,000				1,000,000
Not Designated as Hedging Instrument [Member] | Other Nonoperating Income (Expense) [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on Foreign Currency Derivative Instruments Not Designated as Hedging Instruments	11,000,000	(34,000,000)	2,000,000	(63,000,000)
Foreign Currency Transaction Gain (Loss), before Tax	(20,000,000)	35,000,000	(26,000,000)	56,000,000
Net currency exchange gain (loss)	(9,000,000)	1,000,000	(24,000,000)	(7,000,000)
Not Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Notional Amount	3,575,000,000		3,575,000,000				4,235,000,000
Not Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | Prepaid Expenses and Other Current Assets [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value	46,000,000		46,000,000				36,000,000
Not Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | Other Current Liabilities [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Liability, at Fair Value	$ 48,000,000		$ 48,000,000				$ 52,000,000
Not Designated as Hedging Instrument [Member] | Foreign Exchange Forward
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Term of Contract (less than)			1 year
Derivative, Remaining Maturity	1 year		1 year		1 year
Weighted Average [Member] | Licensing arrangement assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount Rate, Fair Value Input	15%		15%		15%
Weighted Average [Member] | Licensing arrangement liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount Rate, Fair Value Input	13%		13%		13%
Minimum [Member] | Licensing arrangement liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount Rate, Fair Value Input	12%		12%		12%
Maximum [Member] | Licensing arrangement liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount Rate, Fair Value Input	15%		15%		15%
Cash Flow Hedging [Member] | Foreign Exchange Contract [Member] | Cost of Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Foreign Currency Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months	$ 209,000,000		$ 209,000,000
Cash Flow Hedging [Member] | Interest Rate Contract [Member] | Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net	$ (2,000,000)		$ (2,000,000)
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Number of Interest Rate Derivatives Held | derivative_instrument	0		0		0		0
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Notional Amount	$ 2,454,000,000		$ 2,454,000,000				$ 2,725,000,000
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | Cost of Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax	74,000,000	213,000,000	87,000,000	259,000,000
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, Tax	(17,000,000)	(48,000,000)	(20,000,000)	(58,000,000)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, after Tax	58,000,000	165,000,000	67,000,000	200,000,000
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax	(55,000,000)	(41,000,000)	(125,000,000)	(71,000,000)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, Tax	12,000,000	9,000,000	28,000,000	16,000,000
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax	(43,000,000)	(32,000,000)	(97,000,000)	(55,000,000)
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Interest Rate Contract [Member] | Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax	0	0		0
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, Tax	0	0		0
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, after Tax	0	0	0	0
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax	1,000,000	1,000,000	1,000,000	15,000,000
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, Tax	0	0	0	(3,000,000)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax	1,000,000	1,000,000	1,000,000	11,000,000
Net Investment Hedging [Member] | Foreign Exchange Contract [Member] | Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Used in Net Investment Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net	9,000,000		9,000,000
Net Investment Hedging [Member] | Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Notional Amount	333,000,000		333,000,000				365,000,000
Net Investment Hedging [Member] | Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Net Investment Hedge, Gain (Loss), before Reclassification and Tax	22,000,000	34,000,000	28,000,000	49,000,000
Other Comprehensive Income (Loss), Derivative, Excluded Component, Increase (Decrease), before Adjustments, Tax	(5,000,000)	5,000,000	(6,000,000)	2,000,000
Other Comprehensive Income (Loss), Derivative, Excluded Component, Increase (Decrease), before Adjustments, after Tax	17,000,000	39,000,000	22,000,000	50,000,000
Other Comprehensive Income (Loss), Derivative, Excluded Component, Increase (Decrease), Adjustments, before Tax	(2,000,000)	(3,000,000)	(5,000,000)	(5,000,000)
Other Comprehensive Income (Loss), Derivative, Excluded Component, Increase (Decrease), Adjustments, Tax	1,000,000	1,000,000	1,000,000	1,000,000
Other Comprehensive Income (Loss), Derivative, Excluded Component, Increase (Decrease), Adjustments, after Tax	(2,000,000)	(2,000,000)	(4,000,000)	(4,000,000)
Net Investment Hedging [Member] | Designated as Hedging Instrument [Member] | foreign currency denominated in debt [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Notional Amount	997,000,000		997,000,000				$ 997,000,000
Net Investment Hedging [Member] | Designated as Hedging Instrument [Member] | foreign currency denominated in debt [Member] | Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Net Investment Hedge, Gain (Loss), before Reclassification and Tax	1,000,000	62,000,000	(18,000,000)	86,000,000
Other Comprehensive Income (Loss), Derivative, Excluded Component, Increase (Decrease), before Adjustments, Tax	0	(14,000,000)	4,000,000	(19,000,000)
Other Comprehensive Income (Loss), Derivative, Excluded Component, Increase (Decrease), before Adjustments, after Tax	1,000,000	48,000,000	(14,000,000)	66,000,000
Other Comprehensive Income (Loss), Derivative, Excluded Component, Increase (Decrease), Adjustments, before Tax	0	0	0	0
Other Comprehensive Income (Loss), Derivative, Excluded Component, Increase (Decrease), Adjustments, Tax	0	0	0	0
Other Comprehensive Income (Loss), Derivative, Excluded Component, Increase (Decrease), Adjustments, after Tax	$ 0	$ 0	$ 0	$ 0

Contractual Obligations and C_3

Contractual Obligations and Commitments (Details) € in Millions		3 Months Ended		6 Months Ended		12 Months Ended
	May 10, 2021 USD ($)	Mar. 31, 2023 USD ($)	Mar. 31, 2022 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)	Jun. 30, 2023 EUR (€)	Jun. 30, 2023	Jun. 30, 2023 Rate
Debt Instrument [Line Items]
Total debt				$ 9,053,000,000		$ 8,935,000,000
Debt, Current				559,000,000		20,000,000
Long-term Debt and Capital Lease Obligations				8,494,000,000		8,915,000,000
Exclusion from EBITDA for Restructuring Charges				500,000,000
Restructuring charges remaining to be excluded from calculation of consolidated EBITDA				416,000,000
Litigation and Debt Exclusion from EBITDA				1,443,000,000
Legal payments remaining to be excluded from calculation of consolidated EBITDA				1,413,000,000
Letters of Credit Outstanding, Amount				148,000,000		135,000,000
Qualified Acquisition Consideration				1,000,000,000
Gain (Loss) on Extinguishment of Debt			$ 194,000,000	0	$ 194,000,000
Proceeds from Issuance of Senior Long-Term Debt				0	$ 3,270,000,000
Supplier Finance Program Obligation. current				124,000,000		129,000,000
Litigation payment exclusion from EBITDA				1,000,000,000
Proceeds from Issuance of Senior Long-Term Debt		$ 3,270,000,000
Licensing arrangement assets [Member]
Debt Instrument [Line Items]
Proceeds from Royalties Received				31,000,000
Licensing arrangement liabilities [Member]
Debt Instrument [Line Items]
Payments for Royalties				50,000,000
Commercial Paper [Member]
Debt Instrument [Line Items]
Commercial Paper				41,000,000		0
Maximum Commercial Paper Outstanding				2,750,000,000		2,750,000,000
Line of Credit Facility, Remaining Borrowing Capacity				2,709,000,000		$ 2,750,000,000
Short-term Debt, Weighted Average Interest Rate, at Point in Time						0%		5.30%
Current Requirement [Member]
Debt Instrument [Line Items]
Maximum Leverage Ratio								3.75
Actual, Covenant [Member]
Debt Instrument [Line Items]
Maximum Leverage Ratio								2.48
Requirement, as of December 31, 2021 and through remaining term of facility
Debt Instrument [Line Items]
Maximum Leverage Ratio								3.75
Requirement, four succeeding quarters following qualified acquisition
Debt Instrument [Line Items]
Maximum Leverage Ratio								4.75
Requirement, fifth quarter following qualified acquisition [Member]
Debt Instrument [Line Items]
Maximum Leverage Ratio								4.50
Requirement, sixth quarter following qualified acquisition
Debt Instrument [Line Items]
Maximum Leverage Ratio								4.25
Requirement, seventh quarter following qualified acquisition
Debt Instrument [Line Items]
Maximum Leverage Ratio								4
Requirement, eighth quarter following qualified acquisition and through remaining term of facility
Debt Instrument [Line Items]
Maximum Leverage Ratio								3.75
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Long-term Debt				0		$ 0
Line of Credit Facility, Maximum Borrowing Capacity	$ 2,750,000,000
Debt Instrument, Extension Option, Term	1 year
March 2024 Notes [Member]
Debt Instrument [Line Items]
Long-term Debt				0		504,000,000
Debt Instrument, Interest Rate, Stated Percentage								3.45%
March 2025 Notes
Debt Instrument [Line Items]
Long-term Debt				1,087,000,000		1,067,000,000	€ 1,000
Debt Instrument, Interest Rate, Stated Percentage								0.75%	0.75%
June 2025 Notes [Member]
Debt Instrument [Line Items]
Long-term Debt				500,000,000		500,000,000
Debt Instrument, Interest Rate, Stated Percentage								1.90%
March 2026 Notes [Member]
Debt Instrument [Line Items]
Long-term Debt				255,000,000		255,000,000
Debt Instrument, Interest Rate, Stated Percentage								3.75%
December 2027 Notes [Member]
Debt Instrument [Line Items]
Long-term Debt				978,000,000		960,000,000	900
Debt Instrument, Interest Rate, Stated Percentage								0.625%
March 2028 Senior Notes
Debt Instrument [Line Items]
Long-term Debt				815,000,000		800,000,000	750
Debt Instrument, Interest Rate, Stated Percentage								1.375%	1.375%
March 2028 Notes [Member]
Debt Instrument [Line Items]
Long-term Debt				344,000,000		344,000,000
Debt Instrument, Interest Rate, Stated Percentage								4%
March 2029 Notes [Member]
Debt Instrument [Line Items]
Long-term Debt				272,000,000		272,000,000
Debt Instrument, Interest Rate, Stated Percentage								4%
June 2030 Notes [Member]
Debt Instrument [Line Items]
Long-term Debt				1,200,000,000		1,200,000,000
Debt Instrument, Interest Rate, Stated Percentage								2.65%
March 2031 Notes
Debt Instrument [Line Items]
Long-term Debt				815,000,000		800,000,000	750
Debt Instrument, Interest Rate, Stated Percentage								1.625%	1.625%
March 2034 Notes
Debt Instrument [Line Items]
Long-term Debt				543,000,000		534,000,000	500
Debt Instrument, Interest Rate, Stated Percentage								1.875%	1.875%
November 2035 Notes [Member]
Debt Instrument [Line Items]
Long-term Debt				350,000,000		350,000,000
Debt Instrument, Interest Rate, Stated Percentage								6.50%
March 2039 Notes [Member]
Debt Instrument [Line Items]
Long-term Debt				450,000,000		450,000,000
Debt Instrument, Interest Rate, Stated Percentage								4.55%
January 2040 Notes [Member]
Debt Instrument [Line Items]
Long-term Debt				300,000,000		300,000,000
Debt Instrument, Interest Rate, Stated Percentage								7.375%
March 2049 Notes [Member]
Debt Instrument [Line Items]
Long-term Debt				650,000,000		650,000,000
Debt Instrument, Interest Rate, Stated Percentage								4.70%
Senior Notes [Member]
Debt Instrument [Line Items]
Long-term Debt				9,063,000,000		8,986,000,000
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net				(70,000,000)		(76,000,000)
Finance Lease Obligation
Debt Instrument [Line Items]
Long-term Debt				5,000,000		5,000,000
the Offering
Debt Instrument [Line Items]
Long-term Debt | €							€ 3,000
the Offering - early redemption of combined aggregate principal SN
Debt Instrument [Line Items]
Long-term Debt			$ 3,275,000,000
Euro Denominated Factoring Arrangements [Member]
Debt Instrument [Line Items]
Transfer of Financial Assets Accounted for as Sales, Amount Derecognized				$ 217,000,000		$ 161,000,000
Average interest rate of de-recognized receivables				5.40%		2.40%
Yen Denominated Factoring Arrangements [Member]
Debt Instrument [Line Items]
Transfer of Financial Assets Accounted for as Sales, Amount Derecognized				$ 179,000,000		$ 194,000,000
Average interest rate of de-recognized receivables				0.70%		0.60%
Renminbi Denominated Factoring Arrangements [Member]
Debt Instrument [Line Items]
Transfer of Financial Assets Accounted for as Sales, Amount Derecognized				$ 17,000,000		$ 13,000,000
Average interest rate of de-recognized receivables				2.90%		3.10%

Supplemental Balance Sheet In_3

Supplemental Balance Sheet Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Line Items]
Cash and Cash Equivalents	$ 426	$ 276	$ 426	$ 276	$ 928
Restricted Cash and Cash Equivalents in Other current assets	135	132	135	132	149
Restricted Cash Equivalents in Other long-term assets	60	50	60	50	48
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	620	458	620	458	1,126	$ 2,168
Depreciation	88	80	170	156
Trade accounts receivable, net
Accounts receivable	2,261		2,261		2,079
Less: allowance for doubtful accounts	(127)		(127)		(109)
Trade accounts receivable, net	2,134		2,134		1,970
Allowance for doubtful accounts
Beginning balance	118	113	109	108
Charges to expenses	19	9	35	20
Utilization of allowances	(10)	(5)	(16)	(11)
Ending balance	127	117	127	117
Inventories
Inventory, Finished Goods, Net of Reserves	1,372		1,372		1,171
Inventory, Work in Process, Net of Reserves	175		175		147
Inventory, Raw Materials, Net of Reserves	703		703		548
Inventories	2,250		2,250		1,867
Other Current Assets [Abstract]
Restricted Cash and Cash Equivalents in Other current assets	135	132	135	132	149
Derivative Asset, Current	234		234		232
Licensing arrangements	53		53		60
Other Assets, Miscellaneous, Current	353		353		290
Other Assets, Current	773		773		731
Property, plant and equipment, net
Land	141		141		137
Buildings and improvements	1,790		1,790		1,695
Equipment, furniture and fixtures	3,427		3,427		3,297
Capital in progress	604		604		598
Property, plant and equipment	5,962		5,962		5,728
Less: accumulated depreciation	3,428		3,428		3,282
Property, plant and equipment, net	2,534		2,534		2,446
Other Assets, Noncurrent [Abstract]
Restricted cash equivalents included in Other long-term assets	60	$ 50	60	$ 50	48
Operating Lease, Right-of-Use Asset	445		445		386
Derivative Asset	156		156		149
Investments	422		422		407
Licensing arrangements, asset	49		49		67
Indemnification asset	168		168		172
Other, Other Long-term Assets	295		295		271
Other Assets, Noncurrent	1,595		1,595		1,500
Accrued expenses
Legal reserves, current	209		209		231
Payroll and related liabilities	843		843		830
Accrued Rebates, Current	363		363		352
Business Combination, Contingent Consideration, Liability, Current	97		97		74
Other	653		653		674
Accrued Liabilities, Current	2,164		2,164		2,160
Other Liabilities, Current [Abstract]
Deferred Revenue, Current	242		242		220
Licensing Arrangements	55		55		79
Taxes Payable, Current	400		400		232
Other	242		242		230
Other Liabilities, Current	940		940		761
Other long-term liabilities
Accrued income taxes	489		489		597
Estimated Litigation Liability, Noncurrent	210		210		212
Business Combination, Contingent Consideration, Liability, Noncurrent	10		10		75
Licensing arrangements, liability	60		60		80
Operating Lease, Liability, Noncurrent	401		401		347
Deferred Revenue	295		295		289
Other Accrued Liabilities, Noncurrent	460		460		434
Other long-term liabilities	$ 1,926		$ 1,926		$ 2,035

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Effective tax rate from continuing operations	36.60%	24.70%	32.90%	26.10%
Unrecognized Tax Benefits	$ 471		$ 471		$ 492
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	406		406		$ 410
Decrease in Unrecognized Tax Benefits is Reasonably Possible	$ 61		$ 61

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions		3 Months Ended		6 Months Ended
	Jan. 31, 2023 USD ($)	Jun. 30, 2023 USD ($) units	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) units	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Loss Contingencies [Line Items]
Accrual for legal matters that are probable and estimable		$ 419		$ 419		$ 443
Restricted Cash and Cash Equivalents in Other current assets		$ 135	$ 132	$ 135	$ 132	$ 149
Brazil CADE - # of individuals for alleged anti-competitive behavior | units		29		29
Litigation Settlement, Amount Awarded to Other Party	$ 42
Litigation Settlement, Amount Awarded from Other Party				$ 158
Litigation-related net charges (credits)		$ 0	$ 42	$ 0	$ 42

Stockholders' Equity (Details)

Stockholders' Equity (Details) $ / shares in Units, $ in Millions		3 Months Ended
	May 27, 2020 USD ($) $ / shares shares	Jun. 30, 2023 $ / shares shares	Dec. 31, 2022 shares
Class of Stock [Line Items]
Preferred Stock, Shares Authorized		50,000,000	50,000,000
Preferred Stock, Shares Issued		0	10,062,500
5.50% MCPS, Series A [Member]
Class of Stock [Line Items]
Preferred Stock, Shares Issued	10,062,500
Preferred Stock, Dividend Rate, Percentage	5.50%
Preferred Stock, Liquidation Preference Per Share | $ / shares	$ 100
Net proceeds from issuance of preferred stock in connection with public offering | $	$ 975
Preferred Stock, Dividends, Per Share, Cash Paid | $ / shares		$ 1.375
Preferred Stock, Convertible, Conversion Ratio		2.3834
Common Stock [Member]
Class of Stock [Line Items]
Conversion of Stock, Shares Converted		24,000,000

Weighted Average Shares Outst_3

Weighted Average Shares Outstanding (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 14, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted Average Number of Shares Outstanding, Basic	1,446,200	1,429,700	1,441,000	1,428,800
Weighted Average Number Diluted Shares Outstanding Adjustment	10,100	8,100	10,100	9,300
Weighted Average Number of Shares Outstanding, Diluted	1,456,200	1,437,800	1,451,100	1,438,100
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture	25,000	1,000,000,000	29,000	4,000,000,000
Stock Repurchase Program, Authorized Amount					$ 1,000,000
Share-based Payment Arrangement, Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	7,000	0	6,000
5.50% MCPS, Series A [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	16,000	24,000	20,000	24,000

Segment Reporting (Details)

Segment Reporting (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) reportablesegments	Jun. 30, 2022 USD ($)
Segment Reporting [Abstract]
Number of reportable segments | reportablesegments			2
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract]
Amortization expense	$ (210)	$ (204)	$ (412)	$ (402)
Operating income (loss)	514	423	1,066	889
Other expense, net	(88)	(78)	(195)	(388)
Income (loss) before income taxes	426	345	870	501
Impact of Foreign Currency Fluctuations on Net Sales	91	101	179	254
Net sales	3,599	3,244	6,988	6,270
MedSurg [Member]
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract]
Operating Income Allocated to Reportable Segments	448	359	847	689
Revenues from contracts with customers, disaggregated - performance measurement	$ 1,331	$ 1,217	$ 2,582	$ 2,322
Segment operating income as percentage of net sales	33.60%	29.50%	32.80%	29.70%
Net sales	$ 1,360	$ 1,248	$ 2,640	$ 2,402
Cardiovascular [Member]
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract]
Operating Income Allocated to Reportable Segments	566	454	1,106	843
Revenues from contracts with customers, disaggregated - performance measurement	$ 2,179	$ 1,926	$ 4,228	$ 3,695
Segment operating income as percentage of net sales	26%	23.60%	26.20%	22.80%
Net sales	$ 2,239	$ 1,996	$ 4,349	$ 3,868
BSX Reportable Segments [Member]
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract]
Revenues from contracts with customers, disaggregated - performance measurement	3,509	3,143	6,810	6,016
Total allocated to reportable segments [Member]
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract]
Operating income (loss)	1,013	812	1,954	1,531
Corporate expenses and currency exchange [Member]
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract]
Operating Income Unallocated to Segment	(49)	6	(124)	68
Goodwill and other intangible asset impairment charges, acquisition/divestiture-related net (charges) credits, restructuring- and restructuring-related net (charges) credits, EU MDR implementation costs and litigation-related net (charges) credits
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract]
Operating Income Unallocated to Segment	$ (241)	$ (192)	$ (351)	$ (308)

Revenue (Details)

Revenue (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023 USD ($) business	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) business	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 3,599	$ 3,244	$ 6,988	$ 6,270
Number Of Businesses | business	5		5
Contract with Customer, Liability [Abstract]
Contract with Customer, Liability	$ 537		$ 537		$ 509
Change in Contract with Customer, Liability [Abstract]
Contract with Customer, Liability, Revenue Recognized	35
United States
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	2,110	1,933	4,113	3,711
International [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	1,490	1,311	2,876	2,559
Emerging Markets [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	592	498	1,121	938
Endoscopy [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	631	560	1,207	1,091
Endoscopy [Member] | United States
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	384	338	735	650
Endoscopy [Member] | International [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	246	221	472	441
Urology [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	485	450	954	863
Urology [Member] | United States
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	340	320	666	606
Urology [Member] | International [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	146	130	289	257
Neuromodulation [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	244	239	478	448
Neuromodulation [Member] | United States
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	183	186	356	346
Neuromodulation [Member] | International [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	61	53	123	101
Interventional Cardiology Therapies
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	629	574	1,220	1,118
Interventional Cardiology Therapies | United States
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	189	192	372	378
Interventional Cardiology Therapies | International [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	440	382	848	740
Watchman
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	317	250	607	476
Watchman | United States
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	286	225	552	428
Watchman | International [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	30	25	55	48
Cardiac Rhythm Management [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	566	541	1,114	1,061
Cardiac Rhythm Management [Member] | United States
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	356	342	702	667
Cardiac Rhythm Management [Member] | International [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	209	199	412	394
Electrophysiology [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	193	152	370	270
Electrophysiology [Member] | United States
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	85	73	170	123
Electrophysiology [Member] | International [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	108	79	199	147
Cardiology [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	1,704	1,517	3,310	2,925
Cardiology [Member] | United States
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	917	832	1,796	1,596
Cardiology [Member] | International [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	787	685	1,514	1,329
Peripheral Interventions [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	535	478	1,039	944
Peripheral Interventions [Member] | United States
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	285	257	560	513
Peripheral Interventions [Member] | International [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	250	221	478	430
BSX Reportable Segments [Member] | United States
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	2,110	1,933	4,113	3,711
BSX Reportable Segments [Member] | EMEA [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	723	660	1,435	1,284
BSX Reportable Segments [Member] | APAC [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	626	530	1,174	1,047
BSX Reportable Segments [Member] | Latin America and Canada [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	140	120	267	228
MedSurg [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	1,360	1,248	2,640	2,402
MedSurg [Member] | United States
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	907	844	1,757	1,602
MedSurg [Member] | International [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	453	404	883	799
Cardiovascular [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	2,239	1,996	4,349	3,868
Cardiovascular [Member] | United States
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	1,202	1,089	2,356	2,109
Cardiovascular [Member] | International [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 1,037	$ 906	$ 1,993	$ 1,760

Changes in Other Comprehensiv_3

Changes in Other Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	$ 74	$ 245	$ 39	$ 217
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	(44)	(34)	(100)	(47)
Other comprehensive income (loss)	30	211	(61)	170
Accumulated Other Comprehensive Income (Loss), Net of Tax	208	433	208	433	$ 178	$ 269	$ 222	$ 263
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax	17	79	(24)	17
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax	(2)	(2)	(4)	(4)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	15	77	(28)	13
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	(28)	106	(28)	106	(43)	(1)	29	93
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, after Tax	58	165	67	200
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax	(42)	(31)	(95)	(43)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	15	134	(28)	157
AOCI, Cash Flow Hedge, Cumulative Gain (Loss), after Tax	241	363	241	363	225	269	229	206
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Reclassification Adjustment, after Tax	0	0	(5)	0
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, after Tax	0	0	(1)	0
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	0	0	(5)	0
Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax	$ (4)	$ (36)	$ (4)	$ (36)	$ (4)	$ 1	$ (36)	$ (36)