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Segment and Geographic Information
6 Months Ended
Oct. 26, 2018
Segment Reporting [Abstract]  
Segment and Geographic Information
Segment and Geographic Information
Segment disclosures are on a performance basis consistent with internal management reporting. Net sales of the Company's reportable segments include end-customer revenues from the sale of products the segment develops, manufactures, and distributes. There are certain corporate and centralized expenses that are not allocated to the segments.
The Company’s management evaluates performance of the segments and allocates resources based on net sales and segment earnings before interest, taxes, and amortization ("Segment EBITA"). Segment EBITA represents income before income taxes, excluding interest expense, interest income, amortization of intangible assets, centralized distribution costs, certain corporate charges, and other items not allocated to the segments.
The accounting policies of the reportable segments are the same as those described in the summary of significant accounting policies in Note 1 to the consolidated financial statements included in the Company's Annual Report on Form 10-K for the fiscal year ended April 27, 2018. Certain depreciable assets may be recorded by one segment, while the depreciation expense is allocated to another segment. The allocation of depreciation expense is based on the proportion of the assets used by each segment.
The following tables present reconciliations of financial information from the segments to the applicable line items in the Company's consolidated financial statements:
Net Sales
 
Three months ended
 
Six months ended
(in millions)
October 26, 2018
 
October 27, 2017
 
October 26, 2018
 
October 27, 2017
Cardiac and Vascular Group
$
2,858

 
$
2,773

 
$
5,669

 
$
5,419

Minimally Invasive Therapies Group
2,047

 
1,952

 
4,099

 
4,438

Restorative Therapies Group
1,993

 
1,863

 
3,942

 
3,672

Diabetes Group
583

 
462

 
1,155

 
911

Total
$
7,481

 
$
7,050

 
$
14,865

 
$
14,440


Segment EBITA
 
Three months ended
 
Six months ended
(in millions)
October 26, 2018
 
October 27, 2017
 
October 26, 2018
 
October 27, 2017
Cardiac and Vascular Group
$
1,140

 
$
1,104

 
$
2,191

 
$
2,115

Minimally Invasive Therapies Group
792

 
761

 
1,569

 
1,636

Restorative Therapies Group
805

 
750

 
1,571

 
1,430

Diabetes Group
176

 
91

 
349

 
202

Segment EBITA
2,913

 
2,706

 
5,680

 
5,383

Interest expense
(241
)
 
(273
)
 
(483
)
 
(559
)
Interest income
66

 
100

 
147

 
192

Amortization of intangible assets
(445
)
 
(460
)
 
(891
)
 
(914
)
Corporate
(335
)
 
(339
)
 
(646
)
 
(616
)
Centralized distribution costs
(482
)
 
(486
)
 
(929
)
 
(928
)
Restructuring and associated costs
(77
)
 
(18
)
 
(190
)
 
(32
)
Acquisition-related items
(4
)
 
(18
)
 
(40
)
 
(71
)
Gain/(loss) on minority investments
(25
)
 

 
85

 

IPR&D charges
(15
)
 

 
(15
)
 

Certain litigation charges

 

 
(103
)
 

Exit of business

 

 
(80
)
 

Divestiture-related items

 
(67
)
 

 
(115
)
Gain on sale of businesses

 
697

 

 
697

Contribution to Medtronic Foundation

 
(80
)
 

 
(80
)
Hurricane Maria

 
(34
)
 

 
(34
)
Income Before Income Taxes
$
1,355

 
$
1,728

 
$
2,535

 
$
2,923


Geographic Information
Net sales are attributed to the country based on the location of the customer taking possession of the products or in which the services are rendered. The following table presents net sales for the three and six months ended October 26, 2018 and October 27, 2017 for the Company's country of domicile, countries with significant concentrations, and all other countries:    
 
Three months ended
 
Six months ended
(in millions)
October 26, 2018
 
October 27, 2017
 
October 26, 2018
 
October 27, 2017
Ireland
$
22

 
$
22

 
$
44

 
$
42

 
 
 
 
 
 
 
 
United States
4,045

 
3,734

 
7,909

 
7,776

Rest of world
3,414

 
3,294

 
6,912

 
6,622

Total other countries, excluding Ireland
7,459

 
7,028

 
14,821

 
14,398

Total
$
7,481

 
$
7,050

 
$
14,865

 
$
14,440