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Plan’s Interest in the Medtronic, Inc. Master Trust Fund
 12 Months Ended
Apr. 30, 2026
EBP 005  
EBP, Master Trust [Line Items]  
Plan’s Interest in the Medtronic, Inc. Master Trust Fund Plan’s Interest in the Medtronic, Inc. Master Trust Fund
Certain assets of the Plan are invested in the Master Trust, which also includes certain assets of the Medtronic Puerto Rico Employees’ Savings and Investment Plan. The Plan’s Trustee and Recordkeeper maintains a separate account for the associated Plan assets and liabilities held within the Master Trust. Investments and the income therefrom are allocated to participating plans based on each plan's participation in investment options within the Master Trust.
The Master Trust holds the investments of the Plan, which consist of Company ordinary shares, a self-directed brokerage option, and managed accounts comprised of collective trusts, mutual funds, and fully benefit-responsive investment contracts. The investments in the Medtronic Capital Preservation Fund consist of traditional GICs issued by financial institutions, synthetic investment contracts issued by financial institutions, and money market securities. The synthetic investment contracts are backed by investment-grade, fixed-income securities, and bond mutual funds. Refer to Note 3 for additional discussion on the types of funds held within the Master Trust.
The following table summarizes investment balances for the Plan's specific interest in the Master Trust, as well as total investments in the Master Trust, at April 30, 2026 and 2025:
Plan's Interest in Master TrustTotal Master Trust Assets
(in thousands)April 30, 2026April 30, 2025April 30, 2026April 30, 2025
Investments, at fair value:
Collective trusts$13,770,801 $11,657,482 $14,131,375 $11,993,984 
Registered investment companies33,556 40,761 36,444 43,948 
Medtronic plc Stock Fund and Medtronic ESOP Fund381,355 437,971 385,076 441,914 
Self-directed brokerage account977,245 777,608 978,781 779,840 
Total investments at fair value15,162,957 12,913,822 15,531,676 13,259,686 
Investments, at contract value:
Medtronic Capital Preservation Fund429,751 482,765 453,836 510,159 
Total investments at contract value429,751 482,765 453,836 510,159 
Total investments$15,592,708 $13,396,586 $15,985,512 $13,769,845 
Net appreciation and investment income in the Medtronic, Inc. Master Trust Fund net assets is as follows:
Year Ended
(in thousands)April 30, 2026
Investment income:
Net appreciation in fair value of investments$3,171,797 
Dividends on Medtronic plc ordinary shares13,375 
Interest and dividends739 
Total investment gain, net$3,185,911 
The net appreciation in the fair value of the Master Trust investments for the year ended April 30, 2026, includes realized gains and losses on investments purchased and sold, as well as unrealized gains and losses on those held during the year, related to all investments reported at fair value above. The Medtronic Capital Preservation Fund is reported at contract value. See Note 3 for further information regarding fair value measurements.