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Fair Value Measurements (Tables)
 12 Months Ended
Apr. 30, 2026
EBP 005  
EBP, Investment, Fair Value and NAV [Line Items]  
Summary of Investments in Master Trust
The following tables provide information, by level, for investments in the Master Trust that are measured at fair value on a recurring basis:
Assets at Fair Value at April 30, 2026
(in thousands)TotalLevel 1Level 2Level 3
NAV Practical Expedient(1)
Registered investment companies$36,444 $36,444 $— $— $— 
Medtronic plc Stock Fund and ESOP Fund385,076 385,076 — — — 
Self-directed brokerage account978,781 978,781 — — — 
Collective trusts14,131,375 — — — 14,131,375 
Total investments in Master Trust, at fair value$15,531,676 $1,400,301 $— $— $14,131,375 
Assets at Fair Value at April 30, 2025
(in thousands)TotalLevel 1Level 2Level 3
NAV Practical Expedient(1)
Registered investment companies$43,948 $43,948 $— $— $— 
Medtronic plc Stock Fund and ESOP Fund441,914 441,914 — — — 
Self-directed brokerage account779,840 779,840 — — — 
Collective trusts11,993,984 — — — 11,993,984 
Total investments in Master Trust, at fair value$13,259,686 $1,265,702 $— $— $11,993,984 
(1)Certain investments are measured at NAV per share (or its equivalent) as a practical expedient and are included above to permit reconciliation to total investments in the Master Trust at fair value.
The following table summarizes the Master Trust investments measured at fair value based on NAV as a practical expedient:
Fair Value at April 30Unfunded CommitmentsRedemption FrequencyRedemption Notice Period
(in thousands)20262025
Collective trusts$14,131,375 $11,993,984 (1)(1)(1)
(1)Collective trusts share the common goal of growth and preservation of principal. The collective trusts indirectly invest in a mix of U.S. and international common stocks, and fixed income securities through holdings in various mutual funds. These investments can be redeemed daily and there are currently no redemption restrictions or unfunded commitments on these investments.