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Segment and Geographic Information (Tables)
12 Months Ended
Apr. 24, 2015
Segment Reporting [Abstract]  
Reconciliation of Revenue from Segments to Consolidated
 
Fiscal Year
(in millions)
2015
 
2014
 
2013
Cardiac and Vascular Group
$
9,361

 
$
8,847

 
$
8,695

Minimally Invasive Therapies Group
2,387

 

 

Restorative Therapies Group
6,751

 
6,501

 
6,369

Diabetes Group
1,762

 
1,657

 
1,526

Total Net Sales
$
20,261

 
$
17,005

 
$
16,590

Reconciliation of Income from Operations Before Income Taxes from Segments to Consolidated
 
Fiscal Year
(in millions)
2015
 
2014
 
2013
Cardiac and Vascular Group
$
3,140

 
$
2,982

 
$
2,935

Minimally Invasive Therapies Group
342

 

 

Restorative Therapies Group
1,828

 
1,821

 
1,778

Diabetes Group
540

 
457

 
432

Total Reportable Segments’ Income Before Income Taxes
5,850

 
5,260

 
5,145

Impact of inventory step-up
(623
)
 

 

Impact of product technology upgrade commitment
(74
)
 

 

Special (gains) charges, net
38

 
(40
)
 

Restructuring charges, net (a)
(252
)
 
(88
)
 
(182
)
Certain litigation charges, net
(42
)
 
(770
)
 
(245
)
Acquisition-related items
(550
)
 
(117
)
 
49

Interest expense, net
(280
)
 
(108
)
 
(151
)
Corporate
(581
)
 
(432
)
 
(365
)
Total Income From Operations Before Income Taxes
$
3,486

 
$
3,705

 
$
4,251


(a)
    Restructuring charges, net within this table include the impact of amounts recorded within cost of products sold in the consolidated statements of income.
Reconciliation of Assets from Segments to Consolidated
The following table presents the Company’s assets by reportable segment:
(in millions)
April 24,
2015
 
April 25,
2014
Cardiac and Vascular Group
$
13,642

 
$
8,705

Minimally Invasive Therapies Group
51,228

 

Restorative Therapies Group
15,249

 
10,568

Diabetes Group
2,597

 
2,038

Total Assets of Reportable Segments
82,716

 
21,311

Corporate
23,969

 
16,632

Total Assets
$
106,685

 
$
37,943

Schedule of Revenue from External Customers and Property, Plant, and Equipment, Net, by Geographical Areas
Geographic Information
In the fourth quarter of fiscal year 2015, the Company amended the way in which management evaluates performance and allocates resources by geography. As a result, the Company began to operate under four geographic regions: Americas, Europe, Middle East, and Africa (EMEA), Asia Pacific, and Greater China. Accordingly, the geographic information for the prior years has been restated to present these regions.
Net sales to external customers and property, plant, and equipment, net by geography are as follows:
(in millions)
Americas
 
EMEA (a)
 
Asia Pacific
 
Greater China
 
Consolidated
Fiscal Year 2015
 

 
 

 
 

 
 

 
 

Net sales to external customers
$
12,125

 
$
5,064

 
$
2,059

 
$
1,013

 
$
20,261

Property, plant, and equipment, net
$
3,626

 
$
725

 
$
165

 
$
183

 
$
4,699

Fiscal Year 2014
 

 
 

 
 

 
 

 
 

Net sales to external customers
$
9,922

 
$
4,483

 
$
1,776

 
$
824

 
$
17,005

Property, plant, and equipment, net
$
1,833

 
$
393

 
$
74

 
$
92

 
$
2,392

Fiscal Year 2013
 

 
 

 
 

 
 

 
 

Net sales to external customers
$
9,761

 
$
4,225

 
$
1,886

 
$
718

 
$
16,590

Property, plant, and equipment, net
$
1,920

 
$
397

 
$
74

 
$
99

 
$
2,490

(a)
Sales to Ireland were insignificant during all periods presented. Property, plant, and equipment, net includes $151 million, $72 million, and $70 million in Ireland in fiscal years 2015, 2014, and 2013, respectively.