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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Net sales $ 3,389 $ 3,026
Cost of products sold 1,040 955
Gross profit 2,349 2,071
Operating expenses:    
Selling, general and administrative expenses 1,215 1,060
Research and development expenses 337 319
Royalty expense 11 12
Amortization expense 203 198
Contingent consideration net expense (benefit) 12 12
Restructuring net charges (credits) 20 4
Operating expenses 1,797 1,605
Operating income (loss) 552 466
Other income (expense):    
Interest expense (65) (279)
Other, net (43) (31)
Income (loss) before income taxes 444 156
Income tax expense (benefit) 131 45
Net income (loss) 314 110
Preferred stock dividends (14) (14)
Net income (loss) attributable to noncontrolling interests 0 0
Net income (loss) attributable to Boston Scientific common stockholders $ 300 $ 97
Net income (loss) per common share — basic $ 0.21 $ 0.07
Net income (loss) per common share — diluted $ 0.21 $ 0.07
Weighted-average shares outstanding    
Basic 1,435.8 1,427.8
Diluted 1,446.0 1,438.4