XML 83 R71.htm IDEA: XBRL DOCUMENT v3.3.1.900
Guarantor Financial Information - Condensed Consolidating Balance Sheet (Details) - USD ($)
$ in Millions
Jan. 29, 2016
Apr. 24, 2015
Jan. 23, 2015
Apr. 25, 2014
Current assets:        
Cash and cash equivalents $ 2,721 $ 4,843 $ 17,231 $ 1,403
Investments 14,565 14,637    
Accounts receivable, net 4,863 5,112    
Inventories 3,536 3,463    
Intercompany receivable 0 0    
Tax assets 502 1,335    
Prepaid expenses and other current assets 1,382 1,454    
Total current assets 27,569 30,844    
Property, plant, and equipment, net 4,636 4,699    
Goodwill 40,376 40,530    
Other intangible assets, net 27,316 28,101    
Long-term tax assets 1,060 774    
Investment in subsidiaries 0 0    
Intercompany loans receivable 0 0    
Other assets 1,749 1,737    
Total assets 102,706 106,685    
Current liabilities:        
Short-term borrowings 2,153 2,434    
Accounts payable 1,437 1,610    
Intercompany payable 0 0    
Accrued compensation 1,481 1,611    
Accrued income taxes 454 935    
Deferred tax liabilities 0 119    
Other accrued expenses 2,616 2,464    
Total current liabilities 8,141 9,173    
Long-term debt 33,681 33,752    
Long-term accrued compensation and retirement benefits 1,585 1,535    
Long-term accrued income taxes 2,822 2,476    
Long-term intercompany loans payable 0 0    
Long-term deferred tax liabilities 3,802 4,700    
Other long-term liabilities 1,859 1,819    
Total liabilities 51,890 53,455    
Shareholders’ equity 50,816 53,230    
Total liabilities and shareholders’ equity 102,706 106,685    
Consolidating Adjustments [Member] | Medtronic Notes [Member]        
Current assets:        
Cash and cash equivalents 0 0 0 0
Investments 0 0    
Accounts receivable, net 0 0    
Inventories (221) (199)    
Intercompany receivable (327,563) (291,839)    
Tax assets 0 0    
Prepaid expenses and other current assets 0 0    
Total current assets (327,784) (292,038)    
Property, plant, and equipment, net 0 0    
Goodwill 0 0    
Other intangible assets, net 0 0    
Long-term tax assets 0 0    
Investment in subsidiaries (173,251) (175,547)    
Intercompany loans receivable (33,793) (29,734)    
Other assets 0 0    
Total assets (534,828) (497,319)    
Current liabilities:        
Short-term borrowings 0 0    
Accounts payable 0 0    
Intercompany payable (327,563) (291,839)    
Accrued compensation 0 0    
Accrued income taxes 0 0    
Deferred tax liabilities 0 0    
Other accrued expenses 0 0    
Total current liabilities (327,563) (291,839)    
Long-term debt 0 0    
Long-term accrued compensation and retirement benefits 0 0    
Long-term accrued income taxes 0 0    
Long-term intercompany loans payable (33,793) (29,734)    
Long-term deferred tax liabilities 0 0    
Other long-term liabilities 0 0    
Total liabilities (361,356) (321,573)    
Shareholders’ equity (173,472) (175,746)    
Total liabilities and shareholders’ equity (534,828) (497,319)    
Consolidating Adjustments [Member] | CIFSA Notes [Member]        
Current assets:        
Cash and cash equivalents 0 0    
Investments 0 0    
Accounts receivable, net 0 0    
Inventories 0 0    
Intercompany receivable (20,813) (21,035)    
Tax assets 0 0    
Prepaid expenses and other current assets 0 0    
Total current assets (20,813) (21,035)    
Property, plant, and equipment, net 0 0    
Goodwill 0 0    
Other intangible assets, net 0 0    
Long-term tax assets 0 0    
Investment in subsidiaries (168,348) (152,838)    
Intercompany loans receivable (35,099) (38,786)    
Other assets 0 0    
Total assets (224,260) (212,659)    
Current liabilities:        
Short-term borrowings 0 0    
Accounts payable 0 0    
Intercompany payable (20,813) (21,035)    
Accrued compensation 0 0    
Accrued income taxes 0 0    
Deferred tax liabilities 0 0    
Other accrued expenses 0 0    
Total current liabilities (20,813) (21,035)    
Long-term debt 0 0    
Long-term accrued compensation and retirement benefits 0 0    
Long-term accrued income taxes 0 0    
Long-term intercompany loans payable (35,099) (38,786)    
Long-term deferred tax liabilities 0 0    
Other long-term liabilities 0 0    
Total liabilities (55,912) (59,821)    
Shareholders’ equity (168,348) (152,838)    
Total liabilities and shareholders’ equity (224,260) (212,659)    
Parent Company Guarantor (Medtronic plc) [Member] | Medtronic Notes [Member]        
Current assets:        
Cash and cash equivalents 0 263 0 0
Investments 0 0    
Accounts receivable, net 0 0    
Inventories 0 0    
Intercompany receivable 249 259    
Tax assets 0 0    
Prepaid expenses and other current assets 4 4    
Total current assets 253 526    
Property, plant, and equipment, net 0 0    
Goodwill 0 0    
Other intangible assets, net 0 0    
Long-term tax assets 0 0    
Investment in subsidiaries 71,188 70,233    
Intercompany loans receivable 3,000 3,000    
Other assets 0 0    
Total assets 74,441 73,759    
Current liabilities:        
Short-term borrowings 0 0    
Accounts payable 0 0    
Intercompany payable 20,490 20,506    
Accrued compensation 6 1    
Accrued income taxes 8 19    
Deferred tax liabilities 0 3    
Other accrued expenses 1 0    
Total current liabilities 20,505 20,529    
Long-term debt 0 0    
Long-term accrued compensation and retirement benefits 0 0    
Long-term accrued income taxes 10 0    
Long-term intercompany loans payable 3,110 0    
Long-term deferred tax liabilities 0 0    
Other long-term liabilities 0 0    
Total liabilities 23,625 20,529    
Shareholders’ equity 50,816 53,230    
Total liabilities and shareholders’ equity 74,441 73,759    
Parent Company Guarantor (Medtronic plc) [Member] | CIFSA Notes [Member]        
Current assets:        
Cash and cash equivalents 0 263    
Investments 0 0    
Accounts receivable, net 0 0    
Inventories 0 0    
Intercompany receivable 249 259    
Tax assets 0 0    
Prepaid expenses and other current assets 4 4    
Total current assets 253 526    
Property, plant, and equipment, net 0 0    
Goodwill 0 0    
Other intangible assets, net 0 0    
Long-term tax assets 0 0    
Investment in subsidiaries 71,188 70,233    
Intercompany loans receivable 3,000 3,000    
Other assets 0 0    
Total assets 74,441 73,759    
Current liabilities:        
Short-term borrowings 0 0    
Accounts payable 0 0    
Intercompany payable 20,490 20,506    
Accrued compensation 6 1    
Accrued income taxes 8 19    
Deferred tax liabilities 0 3    
Other accrued expenses 1 0    
Total current liabilities 20,505 20,529    
Long-term debt 0 0    
Long-term accrued compensation and retirement benefits 0 0    
Long-term accrued income taxes 10 0    
Long-term intercompany loans payable 3,110 0    
Long-term deferred tax liabilities 0 0    
Other long-term liabilities 0 0    
Total liabilities 23,625 20,529    
Shareholders’ equity 50,816 53,230    
Total liabilities and shareholders’ equity 74,441 73,759    
Subsidiary Issuer [Member] | Medtronic Notes [Member]        
Current assets:        
Cash and cash equivalents 29 1,071 15,910 264
Investments 0 0    
Accounts receivable, net 0 0    
Inventories 164 165    
Intercompany receivable 162,357 146,942    
Tax assets 237 295    
Prepaid expenses and other current assets 128 128    
Total current assets 162,915 148,601    
Property, plant, and equipment, net 1,058 976    
Goodwill 1,672 1,607    
Other intangible assets, net 34 39    
Long-term tax assets 550 294    
Investment in subsidiaries 37,072 42,250    
Intercompany loans receivable 7,491 6,516    
Other assets 750 678    
Total assets 211,542 200,961    
Current liabilities:        
Short-term borrowings 501 1,110    
Accounts payable 266 261    
Intercompany payable 151,745 135,660    
Accrued compensation 516 490    
Accrued income taxes 0 0    
Deferred tax liabilities 0 0    
Other accrued expenses 666 628    
Total current liabilities 153,694 138,149    
Long-term debt 29,017 29,004    
Long-term accrued compensation and retirement benefits 1,016 965    
Long-term accrued income taxes 1,369 1,048    
Long-term intercompany loans payable 10,122 10,218    
Long-term deferred tax liabilities 0 0    
Other long-term liabilities 200 207    
Total liabilities 195,418 179,591    
Shareholders’ equity 16,124 21,370    
Total liabilities and shareholders’ equity 211,542 200,961    
Subsidiary Issuer [Member] | CIFSA Notes [Member]        
Current assets:        
Cash and cash equivalents 36 728    
Investments 0 0    
Accounts receivable, net 0 0    
Inventories 0 0    
Intercompany receivable 0 0    
Tax assets 0 0    
Prepaid expenses and other current assets 0 0    
Total current assets 36 728    
Property, plant, and equipment, net 0 0    
Goodwill 0 0    
Other intangible assets, net 0 0    
Long-term tax assets 0 0    
Investment in subsidiaries 33,441 20,836    
Intercompany loans receivable 2,810 7,401    
Other assets 0 0    
Total assets 36,287 28,965    
Current liabilities:        
Short-term borrowings 0 1,002    
Accounts payable 0 0    
Intercompany payable 0 0    
Accrued compensation 0 0    
Accrued income taxes 0 0    
Deferred tax liabilities 0 0    
Other accrued expenses 45 40    
Total current liabilities 45 1,042    
Long-term debt 4,519 4,581    
Long-term accrued compensation and retirement benefits 0 0    
Long-term accrued income taxes 0 0    
Long-term intercompany loans payable 8,696 8,385    
Long-term deferred tax liabilities 0 0    
Other long-term liabilities 0 0    
Total liabilities 13,260 14,008    
Shareholders’ equity 23,027 14,957    
Total liabilities and shareholders’ equity 36,287 28,965    
Subsidiary Guarantors [Member] | Medtronic Notes [Member]        
Current assets:        
Cash and cash equivalents 1 170 0 0
Investments 0 0    
Accounts receivable, net 0 0    
Inventories 0 0    
Intercompany receivable 0 0    
Tax assets 0 0    
Prepaid expenses and other current assets 0 0    
Total current assets 1 170    
Property, plant, and equipment, net 0 0    
Goodwill 0 0    
Other intangible assets, net 0 0    
Long-term tax assets 0 0    
Investment in subsidiaries 64,991 63,064    
Intercompany loans receivable 10,539 10,000    
Other assets 0 0    
Total assets 75,531 73,234    
Current liabilities:        
Short-term borrowings 1,292 0    
Accounts payable 0 0    
Intercompany payable 0 0    
Accrued compensation 0 0    
Accrued income taxes 2 0    
Deferred tax liabilities 0 0    
Other accrued expenses 0 0    
Total current liabilities 1,294 0    
Long-term debt 0 0    
Long-term accrued compensation and retirement benefits 0 0    
Long-term accrued income taxes 0 0    
Long-term intercompany loans payable 10,053 10,000    
Long-term deferred tax liabilities 0 0    
Other long-term liabilities 0 0    
Total liabilities 11,347 10,000    
Shareholders’ equity 64,184 63,234    
Total liabilities and shareholders’ equity 75,531 73,234    
Subsidiary Guarantors [Member] | CIFSA Notes [Member]        
Current assets:        
Cash and cash equivalents 1 170    
Investments 0 0    
Accounts receivable, net 0 0    
Inventories 0 0    
Intercompany receivable 60 269    
Tax assets 0 0    
Prepaid expenses and other current assets 5 6    
Total current assets 66 445    
Property, plant, and equipment, net 0 1    
Goodwill 0 0    
Other intangible assets, net 0 0    
Long-term tax assets 0 0    
Investment in subsidiaries 63,719 61,769    
Intercompany loans receivable 12,025 11,303    
Other assets 0 0    
Total assets 75,810 73,518    
Current liabilities:        
Short-term borrowings 1,292 0    
Accounts payable 0 2    
Intercompany payable 277 279    
Accrued compensation 0 0    
Accrued income taxes 2 0    
Deferred tax liabilities 0 0    
Other accrued expenses 0 1    
Total current liabilities 1,571 282    
Long-term debt 0 0    
Long-term accrued compensation and retirement benefits 0 0    
Long-term accrued income taxes 0 0    
Long-term intercompany loans payable 10,054 10,002    
Long-term deferred tax liabilities 0 0    
Other long-term liabilities 0 0    
Total liabilities 11,625 10,284    
Shareholders’ equity 64,185 63,234    
Total liabilities and shareholders’ equity 75,810 73,518    
Subsidiary Non-guarantors [Member] | Medtronic Notes [Member]        
Current assets:        
Cash and cash equivalents 2,691 3,339 $ 1,321 $ 1,139
Investments 14,565 14,637    
Accounts receivable, net 4,863 5,112    
Inventories 3,593 3,497    
Intercompany receivable 164,957 144,638    
Tax assets 265 1,040    
Prepaid expenses and other current assets 1,250 1,322    
Total current assets 192,184 173,585    
Property, plant, and equipment, net 3,578 3,723    
Goodwill 38,704 38,923    
Other intangible assets, net 27,282 28,062    
Long-term tax assets 510 480    
Investment in subsidiaries 0 0    
Intercompany loans receivable 12,763 10,218    
Other assets 999 1,059    
Total assets 276,020 256,050    
Current liabilities:        
Short-term borrowings 360 1,324    
Accounts payable 1,171 1,349    
Intercompany payable 155,328 135,673    
Accrued compensation 959 1,120    
Accrued income taxes 444 916    
Deferred tax liabilities 0 116    
Other accrued expenses 1,949 1,836    
Total current liabilities 160,211 142,334    
Long-term debt 4,664 4,748    
Long-term accrued compensation and retirement benefits 569 570    
Long-term accrued income taxes 1,443 1,428    
Long-term intercompany loans payable 10,508 9,516    
Long-term deferred tax liabilities 3,802 4,700    
Other long-term liabilities 1,659 1,612    
Total liabilities 182,856 164,908    
Shareholders’ equity 93,164 91,142    
Total liabilities and shareholders’ equity 276,020 256,050    
Subsidiary Non-guarantors [Member] | CIFSA Notes [Member]        
Current assets:        
Cash and cash equivalents 2,684 3,682    
Investments 14,565 14,637    
Accounts receivable, net 4,863 5,112    
Inventories 3,536 3,463    
Intercompany receivable 20,504 20,507    
Tax assets 502 1,335    
Prepaid expenses and other current assets 1,373 1,444    
Total current assets 48,027 50,180    
Property, plant, and equipment, net 4,636 4,698    
Goodwill 40,376 40,530    
Other intangible assets, net 27,316 28,101    
Long-term tax assets 1,060 774    
Investment in subsidiaries 0 0    
Intercompany loans receivable 17,264 17,082    
Other assets 1,749 1,737    
Total assets 140,428 143,102    
Current liabilities:        
Short-term borrowings 861 1,432    
Accounts payable 1,437 1,608    
Intercompany payable 46 250    
Accrued compensation 1,475 1,610    
Accrued income taxes 444 916    
Deferred tax liabilities 0 116    
Other accrued expenses 2,570 2,423    
Total current liabilities 6,833 8,355    
Long-term debt 29,162 29,171    
Long-term accrued compensation and retirement benefits 1,585 1,535    
Long-term accrued income taxes 2,812 2,476    
Long-term intercompany loans payable 13,239 20,399    
Long-term deferred tax liabilities 3,802 4,700    
Other long-term liabilities 1,859 1,819    
Total liabilities 59,292 68,455    
Shareholders’ equity 81,136 74,647    
Total liabilities and shareholders’ equity $ 140,428 $ 143,102