A Dark Vector Cognition product

Item 16. FORM 10-K SUMMARY

10K characters. Original on sec.gov ·

Item 16. FORM 10-K SUMMARY

None.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Dated: February 23, 2023Boston Scientific Corporation
By:/s/ Daniel J. Brennan
Daniel J. Brennan
Executive Vice President and Chief Financial Officer
(duly authorized officer and principal financial officer)

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

Dated: February 23, 2023By:/s/ Daniel J. Brennan
Daniel J. Brennan
Executive Vice President and Chief Financial Officer
(Principal Financial Officer)
Dated: February 23, 2023By:/s/ Michael F. Mahoney
Michael F. Mahoney
Director, Chairman of the Board, President and Chief Executive Officer
(Principal Executive Officer)
Dated: February 23, 2023By:/s/ Jonathan R. Monson
Jonathan R. Monson
Senior Vice President, Global Controller and Chief Accounting Officer
(Principal Accounting Officer)
Dated: February 23, 2023By:/s/ Nelda J. Connors
Nelda J. Connors
Director
Dated: February 23, 2023By:/s/ Charles J. Dockendorff
Charles J. Dockendorff
Director
Dated: February 23, 2023By:/s/ Yoshiaki Fujimori
Yoshiaki Fujimori
Director
Dated: February 23, 2023By:/s/ Donna A. James
Donna A. James
Director
Dated: February 23, 2023By:/s/ Edward J. Ludwig
Edward J. Ludwig
Director
Dated: February 23, 2023By:/s/ David J. Roux
David J. Roux
Director
Dated: February 23, 2023By:/s/ John E. Sununu
John E. Sununu
Director
Dated: February 23, 2023By:/s/ David S. Wichmann
David S. Wichmann
Director
Dated: February 23, 2023By:/s/ Ellen M. Zane
Ellen M. Zane
Director

Schedule II

VALUATION AND QUALIFYING ACCOUNTS

Description (in millions)Balance at Beginning of YearCumulative effect adjustment for adoption of ASU 2016-13**(1)**Credit loss exposure**(1)**Write-offs**(2)**Balance at End of Year
Year Ended December 31, 2022:
Allowances for credit losses$108n/a35(35)$109
Year Ended December 31, 2021:
Allowances for credit losses$105n/a28(25)$108
Year Ended December 31, 2020:
Allowances for uncollectible accounts$741049(27)$105

(1) Following the adoption of FASB ASC Topic 326 as of January 1, 2020, 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. Subsequent credit loss reserves are recorded when deemed uncollectible. Amounts shown within credit loss exposure above were established through selling, general and administrative expense.

(2) Represents actual write-offs of uncollectible accounts.

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