mdt-20200124
Medtronic plc0001613103--04-24falseQ32020D02 XH02P5YP2YP2YP10YP7YP10YP10YP4YP10YP4YP10YP10YP10YP7YP8YP10YP12YP13YP20YP30YP20YP30YP30YP20YP30YP30YP30YP30YP30YP2Y00016131032019-04-272020-01-240001613103us-gaap:CommonStockMember2019-04-272020-01-240001613103mdt:SeniorNotes2019Due2021FloatingMember2019-04-272020-01-240001613103mdt:SeniorNotes2019Due2021Member2019-04-272020-01-240001613103mdt:SeniorNotes2019Due2022Member2019-04-272020-01-240001613103mdt:SeniorNotes2019Due20230.375PercentMember2019-04-272020-01-240001613103mdt:SeniorNotes2019Due2025Member2019-04-272020-01-240001613103mdt:SeniorNotes2019Due2027Member2019-04-272020-01-240001613103mdt:SeniorNotes2019Due20311.625PercentMember2019-04-272020-01-240001613103mdt:SeniorNotes2019Due20311.00PercentMember2019-04-272020-01-240001613103mdt:SeniorNotes2019Due20392.250PercentMember2019-04-272020-01-240001613103mdt:SeniorNotes2019Due20391.50PercentMember2019-04-272020-01-240001613103mdt:SeniorNotes2019Due2049Member2019-04-272020-01-24xbrli:shares00016131032020-02-25iso4217:USD00016131032019-10-262020-01-2400016131032018-10-272019-01-2500016131032018-04-282019-01-25iso4217:USDxbrli:shares00016131032020-01-2400016131032019-04-260001613103us-gaap:CommonStockMember2019-04-260001613103us-gaap:AdditionalPaidInCapitalMember2019-04-260001613103us-gaap:RetainedEarningsMember2019-04-260001613103us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-04-260001613103us-gaap:ParentMember2019-04-260001613103us-gaap:NoncontrollingInterestMember2019-04-260001613103us-gaap:RetainedEarningsMember2019-04-272019-07-260001613103us-gaap:ParentMember2019-04-272019-07-260001613103us-gaap:NoncontrollingInterestMember2019-04-272019-07-2600016131032019-04-272019-07-260001613103us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-04-272019-07-260001613103us-gaap:CommonStockMember2019-04-272019-07-260001613103us-gaap:AdditionalPaidInCapitalMember2019-04-272019-07-260001613103us-gaap:RetainedEarningsMember2019-04-270001613103us-gaap:ParentMember2019-04-2700016131032019-04-270001613103us-gaap:CommonStockMember2019-07-260001613103us-gaap:AdditionalPaidInCapitalMember2019-07-260001613103us-gaap:RetainedEarningsMember2019-07-260001613103us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-07-260001613103us-gaap:ParentMember2019-07-260001613103us-gaap:NoncontrollingInterestMember2019-07-2600016131032019-07-260001613103us-gaap:RetainedEarningsMember2019-07-272019-10-250001613103us-gaap:ParentMember2019-07-272019-10-250001613103us-gaap:NoncontrollingInterestMember2019-07-272019-10-2500016131032019-07-272019-10-250001613103us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-07-272019-10-250001613103us-gaap:CommonStockMember2019-07-272019-10-250001613103us-gaap:AdditionalPaidInCapitalMember2019-07-272019-10-250001613103us-gaap:CommonStockMember2019-10-250001613103us-gaap:AdditionalPaidInCapitalMember2019-10-250001613103us-gaap:RetainedEarningsMember2019-10-250001613103us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-10-250001613103us-gaap:ParentMember2019-10-250001613103us-gaap:NoncontrollingInterestMember2019-10-2500016131032019-10-250001613103us-gaap:RetainedEarningsMember2019-10-262020-01-240001613103us-gaap:ParentMember2019-10-262020-01-240001613103us-gaap:NoncontrollingInterestMember2019-10-262020-01-240001613103us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-10-262020-01-240001613103us-gaap:CommonStockMember2019-10-262020-01-240001613103us-gaap:AdditionalPaidInCapitalMember2019-10-262020-01-240001613103us-gaap:CommonStockMember2020-01-240001613103us-gaap:AdditionalPaidInCapitalMember2020-01-240001613103us-gaap:RetainedEarningsMember2020-01-240001613103us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-01-240001613103us-gaap:ParentMember2020-01-240001613103us-gaap:NoncontrollingInterestMember2020-01-240001613103us-gaap:CommonStockMember2018-04-270001613103us-gaap:AdditionalPaidInCapitalMember2018-04-270001613103us-gaap:RetainedEarningsMember2018-04-270001613103us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-04-270001613103us-gaap:ParentMember2018-04-270001613103us-gaap:NoncontrollingInterestMember2018-04-2700016131032018-04-270001613103us-gaap:RetainedEarningsMember2018-04-282018-07-270001613103us-gaap:ParentMember2018-04-282018-07-270001613103us-gaap:NoncontrollingInterestMember2018-04-282018-07-2700016131032018-04-282018-07-270001613103us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-04-282018-07-270001613103us-gaap:CommonStockMember2018-04-282018-07-270001613103us-gaap:AdditionalPaidInCapitalMember2018-04-282018-07-270001613103us-gaap:RetainedEarningsMember2018-04-280001613103us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-04-2800016131032018-04-280001613103us-gaap:CommonStockMember2018-07-270001613103us-gaap:AdditionalPaidInCapitalMember2018-07-270001613103us-gaap:RetainedEarningsMember2018-07-270001613103us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-07-270001613103us-gaap:ParentMember2018-07-270001613103us-gaap:NoncontrollingInterestMember2018-07-2700016131032018-07-270001613103us-gaap:RetainedEarningsMember2018-07-282018-10-260001613103us-gaap:ParentMember2018-07-282018-10-260001613103us-gaap:NoncontrollingInterestMember2018-07-282018-10-2600016131032018-07-282018-10-260001613103us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-07-282018-10-260001613103us-gaap:CommonStockMember2018-07-282018-10-260001613103us-gaap:AdditionalPaidInCapitalMember2018-07-282018-10-260001613103us-gaap:CommonStockMember2018-10-260001613103us-gaap:AdditionalPaidInCapitalMember2018-10-260001613103us-gaap:RetainedEarningsMember2018-10-260001613103us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-10-260001613103us-gaap:ParentMember2018-10-260001613103us-gaap:NoncontrollingInterestMember2018-10-2600016131032018-10-260001613103us-gaap:RetainedEarningsMember2018-10-272019-01-250001613103us-gaap:ParentMember2018-10-272019-01-250001613103us-gaap:NoncontrollingInterestMember2018-10-272019-01-250001613103us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-10-272019-01-250001613103us-gaap:CommonStockMember2018-10-272019-01-250001613103us-gaap:AdditionalPaidInCapitalMember2018-10-272019-01-250001613103us-gaap:CommonStockMember2019-01-250001613103us-gaap:AdditionalPaidInCapitalMember2019-01-250001613103us-gaap:RetainedEarningsMember2019-01-250001613103us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-01-250001613103us-gaap:ParentMember2019-01-250001613103us-gaap:NoncontrollingInterestMember2019-01-2500016131032019-01-250001613103us-gaap:AccountingStandardsUpdate201602Member2019-04-270001613103mdt:CardiacRhythmandHeartFailureDivisionMembermdt:CardiacAndVascularGroupMember2019-10-262020-01-240001613103mdt:CardiacRhythmandHeartFailureDivisionMembermdt:CardiacAndVascularGroupMember2018-10-272019-01-250001613103mdt:CardiacRhythmandHeartFailureDivisionMembermdt:CardiacAndVascularGroupMember2019-04-272020-01-240001613103mdt:CardiacRhythmandHeartFailureDivisionMembermdt:CardiacAndVascularGroupMember2018-04-282019-01-250001613103mdt:CoronaryandStructuralHeartDivisionMembermdt:CardiacAndVascularGroupMember2019-10-262020-01-240001613103mdt:CoronaryandStructuralHeartDivisionMembermdt:CardiacAndVascularGroupMember2018-10-272019-01-250001613103mdt:CoronaryandStructuralHeartDivisionMembermdt:CardiacAndVascularGroupMember2019-04-272020-01-240001613103mdt:CoronaryandStructuralHeartDivisionMembermdt:CardiacAndVascularGroupMember2018-04-282019-01-250001613103mdt:CardiacAndVascularGroupMembermdt:AorticPeripheralandVenousDivisionMember2019-10-262020-01-240001613103mdt:CardiacAndVascularGroupMembermdt:AorticPeripheralandVenousDivisionMember2018-10-272019-01-250001613103mdt:CardiacAndVascularGroupMembermdt:AorticPeripheralandVenousDivisionMember2019-04-272020-01-240001613103mdt:CardiacAndVascularGroupMembermdt:AorticPeripheralandVenousDivisionMember2018-04-282019-01-250001613103mdt:CardiacAndVascularGroupMember2019-10-262020-01-240001613103mdt:CardiacAndVascularGroupMember2018-10-272019-01-250001613103mdt:CardiacAndVascularGroupMember2019-04-272020-01-240001613103mdt:CardiacAndVascularGroupMember2018-04-282019-01-250001613103mdt:SurgicalInnovationsDivisionMembermdt:MinimallyInvasiveTherapiesGroupMember2019-10-262020-01-240001613103mdt:SurgicalInnovationsDivisionMembermdt:MinimallyInvasiveTherapiesGroupMember2018-10-272019-01-250001613103mdt:SurgicalInnovationsDivisionMembermdt:MinimallyInvasiveTherapiesGroupMember2019-04-272020-01-240001613103mdt:SurgicalInnovationsDivisionMembermdt:MinimallyInvasiveTherapiesGroupMember2018-04-282019-01-250001613103mdt:RespiratoryGastrointestinalandRenalDivisionMembermdt:MinimallyInvasiveTherapiesGroupMember2019-10-262020-01-240001613103mdt:RespiratoryGastrointestinalandRenalDivisionMembermdt:MinimallyInvasiveTherapiesGroupMember2018-10-272019-01-250001613103mdt:RespiratoryGastrointestinalandRenalDivisionMembermdt:MinimallyInvasiveTherapiesGroupMember2019-04-272020-01-240001613103mdt:RespiratoryGastrointestinalandRenalDivisionMembermdt:MinimallyInvasiveTherapiesGroupMember2018-04-282019-01-250001613103mdt:MinimallyInvasiveTherapiesGroupMember2019-10-262020-01-240001613103mdt:MinimallyInvasiveTherapiesGroupMember2018-10-272019-01-250001613103mdt:MinimallyInvasiveTherapiesGroupMember2019-04-272020-01-240001613103mdt:MinimallyInvasiveTherapiesGroupMember2018-04-282019-01-250001613103mdt:RestorativeTherapiesGroupMembermdt:BrainTherapiesDivisionMember2019-10-262020-01-240001613103mdt:RestorativeTherapiesGroupMembermdt:BrainTherapiesDivisionMember2018-10-272019-01-250001613103mdt:RestorativeTherapiesGroupMembermdt:BrainTherapiesDivisionMember2019-04-272020-01-240001613103mdt:RestorativeTherapiesGroupMembermdt:BrainTherapiesDivisionMember2018-04-282019-01-250001613103mdt:RestorativeTherapiesGroupMembermdt:SpineDivisionMember2019-10-262020-01-240001613103mdt:RestorativeTherapiesGroupMembermdt:SpineDivisionMember2018-10-272019-01-250001613103mdt:RestorativeTherapiesGroupMembermdt:SpineDivisionMember2019-04-272020-01-240001613103mdt:RestorativeTherapiesGroupMembermdt:SpineDivisionMember2018-04-282019-01-250001613103mdt:SpecialtyTherapiesDivisionMembermdt:RestorativeTherapiesGroupMember2019-10-262020-01-240001613103mdt:SpecialtyTherapiesDivisionMembermdt:RestorativeTherapiesGroupMember2018-10-272019-01-250001613103mdt:SpecialtyTherapiesDivisionMembermdt:RestorativeTherapiesGroupMember2019-04-272020-01-240001613103mdt:SpecialtyTherapiesDivisionMembermdt:RestorativeTherapiesGroupMember2018-04-282019-01-250001613103mdt:RestorativeTherapiesGroupMembermdt:PainTherapiesDivisionMember2019-10-262020-01-240001613103mdt:RestorativeTherapiesGroupMembermdt:PainTherapiesDivisionMember2018-10-272019-01-250001613103mdt:RestorativeTherapiesGroupMembermdt:PainTherapiesDivisionMember2019-04-272020-01-240001613103mdt:RestorativeTherapiesGroupMembermdt:PainTherapiesDivisionMember2018-04-282019-01-250001613103mdt:RestorativeTherapiesGroupMember2019-10-262020-01-240001613103mdt:RestorativeTherapiesGroupMember2018-10-272019-01-250001613103mdt:RestorativeTherapiesGroupMember2019-04-272020-01-240001613103mdt:RestorativeTherapiesGroupMember2018-04-282019-01-250001613103mdt:DiabetesGroupMember2019-10-262020-01-240001613103mdt:DiabetesGroupMember2018-10-272019-01-250001613103mdt:DiabetesGroupMember2019-04-272020-01-240001613103mdt:DiabetesGroupMember2018-04-282019-01-250001613103country:USmdt:CardiacAndVascularGroupMember2019-10-262020-01-240001613103country:USmdt:CardiacAndVascularGroupMember2018-10-272019-01-250001613103mdt:CardiacAndVascularGroupMembermdt:JapanAustraliaNewZealandKoreaCanadaandWesternEuropeMember2019-10-262020-01-240001613103mdt:CardiacAndVascularGroupMembermdt:JapanAustraliaNewZealandKoreaCanadaandWesternEuropeMember2018-10-272019-01-250001613103mdt:CardiacAndVascularGroupMembermdt:MiddleEastAfricaLatinAmericaEasternEuropeandAsiaExcludingJapanandKoreaMember2019-10-262020-01-240001613103mdt:CardiacAndVascularGroupMembermdt:MiddleEastAfricaLatinAmericaEasternEuropeandAsiaExcludingJapanandKoreaMember2018-10-272019-01-250001613103country:USmdt:MinimallyInvasiveTherapiesGroupMember2019-10-262020-01-240001613103country:USmdt:MinimallyInvasiveTherapiesGroupMember2018-10-272019-01-250001613103mdt:JapanAustraliaNewZealandKoreaCanadaandWesternEuropeMembermdt:MinimallyInvasiveTherapiesGroupMember2019-10-262020-01-240001613103mdt:JapanAustraliaNewZealandKoreaCanadaandWesternEuropeMembermdt:MinimallyInvasiveTherapiesGroupMember2018-10-272019-01-250001613103mdt:MiddleEastAfricaLatinAmericaEasternEuropeandAsiaExcludingJapanandKoreaMembermdt:MinimallyInvasiveTherapiesGroupMember2019-10-262020-01-240001613103mdt:MiddleEastAfricaLatinAmericaEasternEuropeandAsiaExcludingJapanandKoreaMembermdt:MinimallyInvasiveTherapiesGroupMember2018-10-272019-01-250001613103country:USmdt:RestorativeTherapiesGroupMember2019-10-262020-01-240001613103country:USmdt:RestorativeTherapiesGroupMember2018-10-272019-01-250001613103mdt:RestorativeTherapiesGroupMembermdt:JapanAustraliaNewZealandKoreaCanadaandWesternEuropeMember2019-10-262020-01-240001613103mdt:RestorativeTherapiesGroupMembermdt:JapanAustraliaNewZealandKoreaCanadaandWesternEuropeMember2018-10-272019-01-250001613103mdt:RestorativeTherapiesGroupMembermdt:MiddleEastAfricaLatinAmericaEasternEuropeandAsiaExcludingJapanandKoreaMember2019-10-262020-01-240001613103mdt:RestorativeTherapiesGroupMembermdt:MiddleEastAfricaLatinAmericaEasternEuropeandAsiaExcludingJapanandKoreaMember2018-10-272019-01-250001613103country:USmdt:DiabetesGroupMember2019-10-262020-01-240001613103country:USmdt:DiabetesGroupMember2018-10-272019-01-250001613103mdt:DiabetesGroupMembermdt:JapanAustraliaNewZealandKoreaCanadaandWesternEuropeMember2019-10-262020-01-240001613103mdt:DiabetesGroupMembermdt:JapanAustraliaNewZealandKoreaCanadaandWesternEuropeMember2018-10-272019-01-250001613103mdt:MiddleEastAfricaLatinAmericaEasternEuropeandAsiaExcludingJapanandKoreaMembermdt:DiabetesGroupMember2019-10-262020-01-240001613103mdt:MiddleEastAfricaLatinAmericaEasternEuropeandAsiaExcludingJapanandKoreaMembermdt:DiabetesGroupMember2018-10-272019-01-250001613103country:US2019-10-262020-01-240001613103country:US2018-10-272019-01-250001613103mdt:JapanAustraliaNewZealandKoreaCanadaandWesternEuropeMember2019-10-262020-01-240001613103mdt:JapanAustraliaNewZealandKoreaCanadaandWesternEuropeMember2018-10-272019-01-250001613103mdt:MiddleEastAfricaLatinAmericaEasternEuropeandAsiaExcludingJapanandKoreaMember2019-10-262020-01-240001613103mdt:MiddleEastAfricaLatinAmericaEasternEuropeandAsiaExcludingJapanandKoreaMember2018-10-272019-01-250001613103country:USmdt:CardiacAndVascularGroupMember2019-04-272020-01-240001613103country:USmdt:CardiacAndVascularGroupMember2018-04-282019-01-250001613103mdt:CardiacAndVascularGroupMembermdt:JapanAustraliaNewZealandKoreaCanadaandWesternEuropeMember2019-04-272020-01-240001613103mdt:CardiacAndVascularGroupMembermdt:JapanAustraliaNewZealandKoreaCanadaandWesternEuropeMember2018-04-282019-01-250001613103mdt:CardiacAndVascularGroupMembermdt:MiddleEastAfricaLatinAmericaEasternEuropeandAsiaExcludingJapanandKoreaMember2019-04-272020-01-240001613103mdt:CardiacAndVascularGroupMembermdt:MiddleEastAfricaLatinAmericaEasternEuropeandAsiaExcludingJapanandKoreaMember2018-04-282019-01-250001613103country:USmdt:MinimallyInvasiveTherapiesGroupMember2019-04-272020-01-240001613103country:USmdt:MinimallyInvasiveTherapiesGroupMember2018-04-282019-01-250001613103mdt:JapanAustraliaNewZealandKoreaCanadaandWesternEuropeMembermdt:MinimallyInvasiveTherapiesGroupMember2019-04-272020-01-240001613103mdt:JapanAustraliaNewZealandKoreaCanadaandWesternEuropeMembermdt:MinimallyInvasiveTherapiesGroupMember2018-04-282019-01-250001613103mdt:MiddleEastAfricaLatinAmericaEasternEuropeandAsiaExcludingJapanandKoreaMembermdt:MinimallyInvasiveTherapiesGroupMember2019-04-272020-01-240001613103mdt:MiddleEastAfricaLatinAmericaEasternEuropeandAsiaExcludingJapanandKoreaMembermdt:MinimallyInvasiveTherapiesGroupMember2018-04-282019-01-250001613103country:USmdt:RestorativeTherapiesGroupMember2019-04-272020-01-240001613103country:USmdt:RestorativeTherapiesGroupMember2018-04-282019-01-250001613103mdt:RestorativeTherapiesGroupMembermdt:JapanAustraliaNewZealandKoreaCanadaandWesternEuropeMember2019-04-272020-01-240001613103mdt:RestorativeTherapiesGroupMembermdt:JapanAustraliaNewZealandKoreaCanadaandWesternEuropeMember2018-04-282019-01-250001613103mdt:RestorativeTherapiesGroupMembermdt:MiddleEastAfricaLatinAmericaEasternEuropeandAsiaExcludingJapanandKoreaMember2019-04-272020-01-240001613103mdt:RestorativeTherapiesGroupMembermdt:MiddleEastAfricaLatinAmericaEasternEuropeandAsiaExcludingJapanandKoreaMember2018-04-282019-01-250001613103country:USmdt:DiabetesGroupMember2019-04-272020-01-240001613103country:USmdt:DiabetesGroupMember2018-04-282019-01-250001613103mdt:DiabetesGroupMembermdt:JapanAustraliaNewZealandKoreaCanadaandWesternEuropeMember2019-04-272020-01-240001613103mdt:DiabetesGroupMembermdt:JapanAustraliaNewZealandKoreaCanadaandWesternEuropeMember2018-04-282019-01-250001613103mdt:MiddleEastAfricaLatinAmericaEasternEuropeandAsiaExcludingJapanandKoreaMembermdt:DiabetesGroupMember2019-04-272020-01-240001613103mdt:MiddleEastAfricaLatinAmericaEasternEuropeandAsiaExcludingJapanandKoreaMembermdt:DiabetesGroupMember2018-04-282019-01-250001613103country:US2019-04-272020-01-240001613103country:US2018-04-282019-01-250001613103mdt:JapanAustraliaNewZealandKoreaCanadaandWesternEuropeMember2019-04-272020-01-240001613103mdt:JapanAustraliaNewZealandKoreaCanadaandWesternEuropeMember2018-04-282019-01-250001613103mdt:MiddleEastAfricaLatinAmericaEasternEuropeandAsiaExcludingJapanandKoreaMember2019-04-272020-01-240001613103mdt:MiddleEastAfricaLatinAmericaEasternEuropeandAsiaExcludingJapanandKoreaMember2018-04-282019-01-250001613103mdt:OtherAccruedExpensesMember2020-01-240001613103us-gaap:AccountsReceivableMember2020-01-240001613103mdt:OtherAccruedExpensesMember2019-04-260001613103us-gaap:AccountsReceivableMember2019-04-260001613103us-gaap:OtherLiabilitiesMember2020-01-240001613103us-gaap:OtherLiabilitiesMember2019-04-260001613103mdt:AllBusinessAcquisitionsMember2020-01-240001613103us-gaap:TechnologyBasedIntangibleAssetsMembermdt:AllBusinessAcquisitionsMember2020-01-240001613103us-gaap:CustomerRelatedIntangibleAssetsMembermdt:AllBusinessAcquisitionsMember2020-01-240001613103us-gaap:TechnologyBasedIntangibleAssetsMembersrt:MinimumMembermdt:AllBusinessAcquisitionsMember2019-04-272020-01-240001613103us-gaap:CustomerRelatedIntangibleAssetsMembersrt:MinimumMembermdt:AllBusinessAcquisitionsMember2019-04-272020-01-240001613103srt:MaximumMemberus-gaap:CustomerRelatedIntangibleAssetsMembermdt:AllBusinessAcquisitionsMember2019-04-272020-01-240001613103us-gaap:TechnologyBasedIntangibleAssetsMembersrt:MaximumMembermdt:AllBusinessAcquisitionsMember2019-04-272020-01-240001613103mdt:AllBusinessAcquisitionsMember2019-04-272020-01-240001613103mdt:MazorRoboticsMember2018-12-182018-12-180001613103us-gaap:TechnologyBasedIntangibleAssetsMembermdt:MazorRoboticsMember2018-12-180001613103mdt:MazorRoboticsMemberus-gaap:TradeNamesMember2018-12-180001613103mdt:MazorRoboticsMemberus-gaap:TradeNamesMember2018-12-182018-12-180001613103us-gaap:TechnologyBasedIntangibleAssetsMembermdt:MazorRoboticsMember2018-12-182018-12-180001613103mdt:MazorRoboticsMember2018-10-272019-01-250001613103mdt:MazorRoboticsMember2018-04-282019-01-250001613103mdt:MazorRoboticsMember2018-12-192020-01-240001613103mdt:MazorRoboticsMember2018-12-180001613103us-gaap:SeriesOfIndividuallyImmaterialBusinessAcquisitionsMember2019-01-250001613103us-gaap:SeriesOfIndividuallyImmaterialBusinessAcquisitionsMemberus-gaap:TechnologyBasedIntangibleAssetsMember2019-01-250001613103us-gaap:SeriesOfIndividuallyImmaterialBusinessAcquisitionsMemberus-gaap:TechnologyBasedIntangibleAssetsMembersrt:MinimumMember2018-04-282019-01-250001613103us-gaap:SeriesOfIndividuallyImmaterialBusinessAcquisitionsMemberus-gaap:TechnologyBasedIntangibleAssetsMembersrt:MaximumMember2018-04-282019-01-250001613103us-gaap:SeriesOfIndividuallyImmaterialBusinessAcquisitionsMemberus-gaap:CustomerRelatedIntangibleAssetsMember2019-01-250001613103us-gaap:SeriesOfIndividuallyImmaterialBusinessAcquisitionsMemberus-gaap:CustomerRelatedIntangibleAssetsMembersrt:MinimumMember2018-04-282019-01-250001613103us-gaap:SeriesOfIndividuallyImmaterialBusinessAcquisitionsMembersrt:MaximumMemberus-gaap:CustomerRelatedIntangibleAssetsMember2018-04-282019-01-250001613103us-gaap:SeriesOfIndividuallyImmaterialBusinessAcquisitionsMember2018-04-282019-01-250001613103us-gaap:InProcessResearchAndDevelopmentMember2018-10-272019-01-250001613103us-gaap:InProcessResearchAndDevelopmentMember2018-04-282019-01-250001613103us-gaap:InProcessResearchAndDevelopmentMember2019-04-272020-01-240001613103us-gaap:InProcessResearchAndDevelopmentMember2019-10-262020-01-24xbrli:pure0001613103us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputDiscountRateMembermdt:RevenueMilestoneMembersrt:MinimumMemberus-gaap:FairValueMeasurementsRecurringMember2020-01-240001613103us-gaap:FairValueInputsLevel3Membersrt:MaximumMemberus-gaap:MeasurementInputDiscountRateMembermdt:RevenueMilestoneMemberus-gaap:FairValueMeasurementsRecurringMember2020-01-240001613103us-gaap:FairValueInputsLevel3Membermdt:RevenueMilestoneMemberus-gaap:FairValueMeasurementsRecurringMember2020-01-240001613103us-gaap:FairValueInputsLevel3Membermdt:MeasurementInputProbabilityofPaymentMembermdt:RevenueMilestoneMembersrt:MinimumMemberus-gaap:FairValueMeasurementsRecurringMember2020-01-240001613103us-gaap:FairValueInputsLevel3Membermdt:MeasurementInputProbabilityofPaymentMembersrt:MaximumMembermdt:RevenueMilestoneMemberus-gaap:FairValueMeasurementsRecurringMember2020-01-240001613103mdt:ProductDevelopmentMilestoneMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueMeasurementsRecurringMember2020-01-240001613103mdt:ProductDevelopmentMilestoneMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2020-01-240001613103mdt:ProductDevelopmentMilestoneMemberus-gaap:FairValueInputsLevel3Membermdt:MeasurementInputProbabilityofPaymentMembersrt:MinimumMemberus-gaap:FairValueMeasurementsRecurringMember2020-01-240001613103mdt:ProductDevelopmentMilestoneMemberus-gaap:FairValueInputsLevel3Membermdt:MeasurementInputProbabilityofPaymentMembersrt:MaximumMemberus-gaap:FairValueMeasurementsRecurringMember2020-01-240001613103mdt:PreTaxExitandDisposalCostsMembermdt:EnterpriseExcellenceMembersrt:MinimumMember2020-01-240001613103mdt:PreTaxExitandDisposalCostsMembermdt:EnterpriseExcellenceMembersrt:MaximumMember2020-01-240001613103mdt:EnterpriseExcellenceMember2019-10-262020-01-240001613103mdt:EnterpriseExcellenceMember2019-04-272020-01-240001613103us-gaap:CostOfSalesMembermdt:EnterpriseExcellenceMember2019-10-262020-01-240001613103us-gaap:CostOfSalesMembermdt:EnterpriseExcellenceMember2019-04-272020-01-240001613103us-gaap:SellingGeneralAndAdministrativeExpensesMembermdt:EnterpriseExcellenceMember2019-10-262020-01-240001613103us-gaap:SellingGeneralAndAdministrativeExpensesMembermdt:EnterpriseExcellenceMember2019-04-272020-01-240001613103mdt:EnterpriseExcellenceMember2018-10-272019-01-250001613103mdt:EnterpriseExcellenceMember2018-04-282019-01-250001613103us-gaap:CostOfSalesMembermdt:EnterpriseExcellenceMember2018-10-272019-01-250001613103us-gaap:CostOfSalesMembermdt:EnterpriseExcellenceMember2018-04-282019-01-250001613103us-gaap:SellingGeneralAndAdministrativeExpensesMembermdt:EnterpriseExcellenceMember2018-10-272019-01-250001613103us-gaap:SellingGeneralAndAdministrativeExpensesMembermdt:EnterpriseExcellenceMember2018-04-282019-01-250001613103mdt:EnterpriseExcellenceMemberus-gaap:EmployeeSeveranceMember2019-04-260001613103mdt:EnterpriseExcellenceMembermdt:AssociatedCostsMember2019-04-260001613103mdt:AssetWriteDownsMembermdt:EnterpriseExcellenceMember2019-04-260001613103us-gaap:OtherRestructuringMembermdt:EnterpriseExcellenceMember2019-04-260001613103mdt:EnterpriseExcellenceMember2019-04-260001613103mdt:EnterpriseExcellenceMemberus-gaap:EmployeeSeveranceMember2019-04-272020-01-240001613103mdt:EnterpriseExcellenceMembermdt:AssociatedCostsMember2019-04-272020-01-240001613103mdt:AssetWriteDownsMembermdt:EnterpriseExcellenceMember2019-04-272020-01-240001613103us-gaap:OtherRestructuringMembermdt:EnterpriseExcellenceMember2019-04-272020-01-240001613103mdt:EnterpriseExcellenceMemberus-gaap:EmployeeSeveranceMember2020-01-240001613103mdt:EnterpriseExcellenceMembermdt:AssociatedCostsMember2020-01-240001613103mdt:AssetWriteDownsMembermdt:EnterpriseExcellenceMember2020-01-240001613103us-gaap:OtherRestructuringMembermdt:EnterpriseExcellenceMember2020-01-240001613103mdt:EnterpriseExcellenceMember2020-01-240001613103us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Member2020-01-240001613103us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:InvestmentsMemberus-gaap:FairValueInputsLevel1Member2020-01-240001613103us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:OtherAssetsMemberus-gaap:FairValueInputsLevel1Member2020-01-240001613103us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Member2020-01-240001613103us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:InvestmentsMember2020-01-240001613103us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:OtherAssetsMember2020-01-240001613103us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Member2020-01-240001613103us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:InvestmentsMember2020-01-240001613103us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:OtherAssetsMember2020-01-240001613103us-gaap:FairValueInputsLevel2Memberus-gaap:MortgageBackedSecuritiesMember2020-01-240001613103us-gaap:FairValueInputsLevel2Memberus-gaap:MortgageBackedSecuritiesMemberus-gaap:InvestmentsMember2020-01-240001613103us-gaap:FairValueInputsLevel2Memberus-gaap:OtherAssetsMemberus-gaap:MortgageBackedSecuritiesMember2020-01-240001613103us-gaap:FairValueInputsLevel2Memberus-gaap:ForeignGovernmentDebtSecuritiesMember2020-01-240001613103us-gaap:FairValueInputsLevel2Memberus-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:InvestmentsMember2020-01-240001613103us-gaap:FairValueInputsLevel2Memberus-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:OtherAssetsMember2020-01-240001613103us-gaap:FairValueInputsLevel2Memberus-gaap:AssetBackedSecuritiesMember2020-01-240001613103us-gaap:FairValueInputsLevel2Memberus-gaap:AssetBackedSecuritiesMemberus-gaap:InvestmentsMember2020-01-240001613103us-gaap:FairValueInputsLevel2Memberus-gaap:AssetBackedSecuritiesMemberus-gaap:OtherAssetsMember2020-01-240001613103us-gaap:FairValueInputsLevel2Member2020-01-240001613103us-gaap:FairValueInputsLevel2Memberus-gaap:InvestmentsMember2020-01-240001613103us-gaap:FairValueInputsLevel2Memberus-gaap:OtherAssetsMember2020-01-240001613103us-gaap:AuctionRateSecuritiesMemberus-gaap:FairValueInputsLevel3Member2020-01-240001613103us-gaap:AuctionRateSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:InvestmentsMember2020-01-240001613103us-gaap:AuctionRateSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherAssetsMember2020-01-240001613103us-gaap:InvestmentsMember2020-01-240001613103us-gaap:OtherAssetsMember2020-01-240001613103us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Member2019-04-260001613103us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:InvestmentsMemberus-gaap:FairValueInputsLevel1Member2019-04-260001613103us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:OtherAssetsMemberus-gaap:FairValueInputsLevel1Member2019-04-260001613103us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Member2019-04-260001613103us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:InvestmentsMember2019-04-260001613103us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:OtherAssetsMember2019-04-260001613103us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Member2019-04-260001613103us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:InvestmentsMember2019-04-260001613103us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:OtherAssetsMember2019-04-260001613103us-gaap:FairValueInputsLevel2Memberus-gaap:MortgageBackedSecuritiesMember2019-04-260001613103us-gaap:FairValueInputsLevel2Memberus-gaap:MortgageBackedSecuritiesMemberus-gaap:InvestmentsMember2019-04-260001613103us-gaap:FairValueInputsLevel2Memberus-gaap:OtherAssetsMemberus-gaap:MortgageBackedSecuritiesMember2019-04-260001613103us-gaap:FairValueInputsLevel2Memberus-gaap:ForeignGovernmentDebtSecuritiesMember2019-04-260001613103us-gaap:FairValueInputsLevel2Memberus-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:InvestmentsMember2019-04-260001613103us-gaap:FairValueInputsLevel2Memberus-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:OtherAssetsMember2019-04-260001613103us-gaap:FairValueInputsLevel2Memberus-gaap:AssetBackedSecuritiesMember2019-04-260001613103us-gaap:FairValueInputsLevel2Memberus-gaap:AssetBackedSecuritiesMemberus-gaap:InvestmentsMember2019-04-260001613103us-gaap:FairValueInputsLevel2Memberus-gaap:AssetBackedSecuritiesMemberus-gaap:OtherAssetsMember2019-04-260001613103us-gaap:FairValueInputsLevel2Member2019-04-260001613103us-gaap:FairValueInputsLevel2Memberus-gaap:InvestmentsMember2019-04-260001613103us-gaap:FairValueInputsLevel2Memberus-gaap:OtherAssetsMember2019-04-260001613103us-gaap:AuctionRateSecuritiesMemberus-gaap:FairValueInputsLevel3Member2019-04-260001613103us-gaap:AuctionRateSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:InvestmentsMember2019-04-260001613103us-gaap:AuctionRateSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherAssetsMember2019-04-260001613103us-gaap:InvestmentsMember2019-04-260001613103us-gaap:OtherAssetsMember2019-04-260001613103us-gaap:USGovernmentAgenciesDebtSecuritiesMember2020-01-240001613103us-gaap:CorporateDebtSecuritiesMember2020-01-240001613103us-gaap:MortgageBackedSecuritiesMember2020-01-240001613103us-gaap:AssetBackedSecuritiesMember2020-01-240001613103us-gaap:AuctionRateSecuritiesMember2020-01-240001613103us-gaap:USGovernmentAgenciesDebtSecuritiesMember2019-04-260001613103us-gaap:CorporateDebtSecuritiesMember2019-04-260001613103us-gaap:MortgageBackedSecuritiesMember2019-04-260001613103us-gaap:AssetBackedSecuritiesMember2019-04-260001613103us-gaap:AuctionRateSecuritiesMember2019-04-260001613103us-gaap:FairValueInputsLevel3Member2019-04-272020-01-240001613103us-gaap:FairValueInputsLevel3Member2019-10-262020-01-240001613103mdt:EquityInvestmentsMember2019-10-262020-01-240001613103mdt:EquityInvestmentsMember2018-10-272019-01-250001613103mdt:EquityInvestmentsMember2019-04-272020-01-240001613103mdt:EquityInvestmentsMember2018-04-282019-01-250001613103mdt:A2015CommercialPaperProgramMemberus-gaap:CommercialPaperMember2020-01-240001613103mdt:A2015CommercialPaperProgramMemberus-gaap:CommercialPaperMember2019-04-260001613103mdt:AmendedandRestatedRevolvingCreditAgreementMemberus-gaap:LineOfCreditMember2020-01-240001613103mdt:AmendedandRestatedRevolvingCreditAgreementMemberus-gaap:LineOfCreditMember2019-04-272020-01-240001613103mdt:AmendedandRestatedRevolvingCreditAgreementMemberus-gaap:LineOfCreditMember2019-04-260001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2019Due2021Member2020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2019Due2021Member2019-04-272020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2019Due2021Member2019-04-260001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2019Due2021FloatingMember2019-04-272020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2019Due2021FloatingMember2020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2019Due2021FloatingMember2019-04-260001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2011Due2021Member2020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2011Due2021Member2019-04-272020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2011Due2021Member2019-04-260001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2015Due2022Member2020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2015Due2022Member2019-04-272020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2015Due2022Member2019-04-260001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2012Due2022Member2020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2012Due2022Member2019-04-272020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2012Due2022Member2019-04-260001613103us-gaap:SeniorNotesMembermdt:SeniorNotesCIFSA2012Due2023Member2020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotesCIFSA2012Due2023Member2019-04-272020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotesCIFSA2012Due2023Member2019-04-260001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2019Due20230.375PercentMember2020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2019Due20230.375PercentMember2019-04-272020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2019Due20230.375PercentMember2019-04-260001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2013Due2023Member2020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2013Due2023Member2019-04-272020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2013Due2023Member2019-04-260001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2019Due20230.000PercentMember2020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2019Due20230.000PercentMember2019-04-272020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2019Due20230.000PercentMember2019-04-260001613103us-gaap:SeniorNotesMembermdt:SeniorNotesCIFSA2013Due2024Member2020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotesCIFSA2013Due2024Member2019-04-272020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotesCIFSA2013Due2024Member2019-04-260001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2014Due2024Member2020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2014Due2024Member2019-04-272020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2014Due2024Member2019-04-260001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2015Due2025Member2020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2015Due2025Member2019-04-272020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2015Due2025Member2019-04-260001613103mdt:SeniorNotes2019Due2026Memberus-gaap:SeniorNotesMember2020-01-240001613103mdt:SeniorNotes2019Due2026Memberus-gaap:SeniorNotesMember2019-04-272020-01-240001613103mdt:SeniorNotes2019Due2026Memberus-gaap:SeniorNotesMember2019-04-260001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2019Due2027Member2020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2019Due2027Member2019-04-272020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2019Due2027Member2019-04-260001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2017Due2027Member2020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2017Due2027Member2019-04-272020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2017Due2027Member2019-04-260001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2019Due20311.625PercentMember2020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2019Due20311.625PercentMember2019-04-272020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2019Due20311.625PercentMember2019-04-260001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2019Due2032Member2020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2019Due2032Member2019-04-272020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2019Due2032Member2019-04-260001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2015Due2035Member2020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2015Due2035Member2019-04-272020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2015Due2035Member2019-04-260001613103us-gaap:SeniorNotesMembermdt:SeniorNotesCIFSA2007Due2038Member2020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotesCIFSA2007Due2038Member2019-04-272020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotesCIFSA2007Due2038Member2019-04-260001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2019Due20392.250PercentMember2020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2019Due20392.250PercentMember2019-04-272020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2019Due20392.250PercentMember2019-04-260001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2009Due2039Member2020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2009Due2039Member2019-04-272020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2009Due2039Member2019-04-260001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2010Due2040Member2020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2010Due2040Member2019-04-272020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2010Due2040Member2019-04-260001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2019Due2040Member2020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2019Due2040Member2019-04-272020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2019Due2040Member2019-04-260001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2012Due2042Member2020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2012Due2042Member2019-04-272020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2012Due2042Member2019-04-260001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2013Due2043Member2020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2013Due2043Member2019-04-272020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2013Due2043Member2019-04-260001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2014Due2044Member2020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2014Due2044Member2019-04-272020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2014Due2044Member2019-04-260001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2015Due2045Member2020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2015Due2045Member2019-04-272020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2015Due2045Member2019-04-260001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2019Due2050Member2020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2019Due2050Member2019-04-272020-01-240001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2019Due2050Member2019-04-260001613103us-gaap:NotesPayableToBanksMember2020-01-240001613103us-gaap:NotesPayableToBanksMember2019-04-260001613103us-gaap:CapitalLeaseObligationsMember2020-01-240001613103us-gaap:CapitalLeaseObligationsMember2019-04-260001613103us-gaap:InterestRateSwapMember2020-01-240001613103us-gaap:InterestRateSwapMember2019-04-26mdt:tranche0001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2019Membermdt:MedtronicLuxcoMember2019-06-30iso4217:EUR0001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2019Membermdt:MedtronicLuxcoMember2019-06-012019-06-300001613103us-gaap:SeniorNotesMembermdt:MedtronicLuxcoMembermdt:SeniorNotes2019Due2021FloatingMember2019-06-300001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2019Due20230.000PercentMembermdt:MedtronicLuxcoMember2019-06-300001613103mdt:SeniorNotes2019Due2026Memberus-gaap:SeniorNotesMembermdt:MedtronicLuxcoMember2019-06-300001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2019Due2032Membermdt:MedtronicLuxcoMember2019-06-300001613103us-gaap:SeniorNotesMembermdt:SeniorNotes2019Due2040Membermdt:MedtronicLuxcoMember2019-06-300001613103us-gaap:SeniorNotesMembermdt:MedtronicLuxcoMembermdt:SeniorNotes2019Due2050Member2019-06-300001613103us-gaap:SeniorNotesMembermdt:MedtronicIncCIFSAandMedtronicLuxcoSeniorNotesMember2019-07-012019-07-310001613103us-gaap:SeniorNotesMembermdt:MedtronicIncCIFSAandMedtronicLuxcoSeniorNotesMember2019-04-272019-07-260001613103us-gaap:SeniorNotesMembermdt:MedtronicIncCIFSAandMedtronicLuxcoSeniorNotesMember2019-08-012019-08-300001613103us-gaap:ForeignExchangeContractMember2020-01-240001613103us-gaap:ForeignExchangeContractMember2019-04-260001613103us-gaap:NondesignatedMemberus-gaap:ForeignExchangeContractMember2020-01-240001613103us-gaap:NondesignatedMemberus-gaap:ForeignExchangeContractMember2019-04-260001613103us-gaap:NondesignatedMemberus-gaap:TotalReturnSwapMember2020-01-240001613103us-gaap:NondesignatedMemberus-gaap:TotalReturnSwapMember2019-04-260001613103us-gaap:ForeignExchangeContractMemberus-gaap:OtherOperatingIncomeExpenseMember2019-10-262020-01-240001613103us-gaap:ForeignExchangeContractMemberus-gaap:OtherOperatingIncomeExpenseMember2018-10-272019-01-250001613103us-gaap:ForeignExchangeContractMemberus-gaap:OtherOperatingIncomeExpenseMember2019-04-272020-01-240001613103us-gaap:ForeignExchangeContractMemberus-gaap:OtherOperatingIncomeExpenseMember2018-04-282019-01-250001613103us-gaap:OtherOperatingIncomeExpenseMemberus-gaap:TotalReturnSwapMember2019-10-262020-01-240001613103us-gaap:OtherOperatingIncomeExpenseMemberus-gaap:TotalReturnSwapMember2018-10-272019-01-250001613103us-gaap:OtherOperatingIncomeExpenseMemberus-gaap:TotalReturnSwapMember2019-04-272020-01-240001613103us-gaap:OtherOperatingIncomeExpenseMemberus-gaap:TotalReturnSwapMember2018-04-282019-01-250001613103us-gaap:ForeignExchangeContractMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2020-01-240001613103us-gaap:ForeignExchangeContractMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2019-04-260001613103us-gaap:ForeignExchangeContractMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2019-04-272020-01-240001613103us-gaap:ForeignExchangeContractMemberus-gaap:CashFlowHedgingMember2019-10-262020-01-240001613103us-gaap:ForeignExchangeContractMemberus-gaap:CashFlowHedgingMember2018-10-272019-01-250001613103us-gaap:ForeignExchangeContractMemberus-gaap:CashFlowHedgingMember2019-04-272020-01-240001613103us-gaap:ForeignExchangeContractMemberus-gaap:CashFlowHedgingMember2018-04-282019-01-250001613103us-gaap:ForeignExchangeContractMemberus-gaap:OtherOperatingIncomeExpenseMemberus-gaap:CashFlowHedgingMember2019-10-262020-01-240001613103us-gaap:ForeignExchangeContractMemberus-gaap:OtherOperatingIncomeExpenseMemberus-gaap:CashFlowHedgingMember2018-10-272019-01-250001613103us-gaap:ForeignExchangeContractMemberus-gaap:OtherOperatingIncomeExpenseMemberus-gaap:CashFlowHedgingMember2019-04-272020-01-240001613103us-gaap:ForeignExchangeContractMemberus-gaap:OtherOperatingIncomeExpenseMemberus-gaap:CashFlowHedgingMember2018-04-282019-01-25mdt:derivative0001613103us-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:FairValueHedgingMember2020-01-240001613103us-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:FairValueHedgingMember2019-04-260001613103us-gaap:SeniorNotesMemberus-gaap:InterestRateSwapMembermdt:SeniorNotes2011Due2021Memberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:FairValueHedgingMember2019-04-260001613103us-gaap:SeniorNotesMemberus-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMembermdt:SeniorNotes2012Due2022Memberus-gaap:FairValueHedgingMember2019-04-260001613103us-gaap:LongTermDebtMember2020-01-240001613103us-gaap:LongTermDebtMember2019-04-260001613103us-gaap:ForeignExchangeContractMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:NetInvestmentHedgingMember2020-01-2400016131032018-04-282019-04-260001613103us-gaap:ForeignExchangeContractMemberus-gaap:OtherOperatingIncomeExpenseMemberus-gaap:NetInvestmentHedgingMember2019-10-262020-01-240001613103us-gaap:ForeignExchangeContractMemberus-gaap:OtherOperatingIncomeExpenseMemberus-gaap:NetInvestmentHedgingMember2018-10-272019-01-250001613103us-gaap:ForeignExchangeContractMemberus-gaap:OtherOperatingIncomeExpenseMemberus-gaap:NetInvestmentHedgingMember2019-04-272020-01-240001613103us-gaap:ForeignExchangeContractMemberus-gaap:OtherOperatingIncomeExpenseMemberus-gaap:NetInvestmentHedgingMember2018-04-282019-01-250001613103us-gaap:ForeignExchangeContractMemberus-gaap:NetInvestmentHedgingMember2019-10-262020-01-240001613103us-gaap:ForeignExchangeContractMemberus-gaap:NetInvestmentHedgingMember2018-10-272019-01-250001613103us-gaap:ForeignExchangeContractMemberus-gaap:NetInvestmentHedgingMember2019-04-272020-01-240001613103us-gaap:ForeignExchangeContractMemberus-gaap:NetInvestmentHedgingMember2018-04-282019-01-250001613103us-gaap:ForeignExchangeContractMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:PrepaidExpensesAndOtherCurrentAssetsMember2020-01-240001613103us-gaap:ForeignExchangeContractMemberus-gaap:DesignatedAsHedgingInstrumentMembermdt:OtherAccruedExpensesMember2020-01-240001613103us-gaap:ForeignExchangeContractMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:OtherAssetsMember2020-01-240001613103us-gaap:ForeignExchangeContractMemberus-gaap:OtherLiabilitiesMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-01-240001613103us-gaap:DesignatedAsHedgingInstrumentMember2020-01-240001613103us-gaap:NondesignatedMemberus-gaap:ForeignExchangeContractMemberus-gaap:PrepaidExpensesAndOtherCurrentAssetsMember2020-01-240001613103us-gaap:NondesignatedMemberus-gaap:ForeignExchangeContractMembermdt:OtherAccruedExpensesMember2020-01-240001613103us-gaap:NondesignatedMemberus-gaap:PrepaidExpensesAndOtherCurrentAssetsMemberus-gaap:TotalReturnSwapMember2020-01-240001613103us-gaap:NondesignatedMembermdt:OtherAccruedExpensesMemberus-gaap:TotalReturnSwapMember2020-01-240001613103us-gaap:NondesignatedMemberus-gaap:CrossCurrencyInterestRateContractMemberus-gaap:PrepaidExpensesAndOtherCurrentAssetsMember2020-01-240001613103us-gaap:NondesignatedMemberus-gaap:CrossCurrencyInterestRateContractMembermdt:OtherAccruedExpensesMember2020-01-240001613103us-gaap:NondesignatedMember2020-01-240001613103us-gaap:ForeignExchangeContractMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:PrepaidExpensesAndOtherCurrentAssetsMember2019-04-260001613103us-gaap:ForeignExchangeContractMemberus-gaap:DesignatedAsHedgingInstrumentMembermdt:OtherAccruedExpensesMember2019-04-260001613103us-gaap:InterestRateContractMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:OtherAssetsMember2019-04-260001613103us-gaap:InterestRateContractMemberus-gaap:OtherLiabilitiesMemberus-gaap:DesignatedAsHedgingInstrumentMember2019-04-260001613103us-gaap:ForeignExchangeContractMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:OtherAssetsMember2019-04-260001613103us-gaap:ForeignExchangeContractMemberus-gaap:OtherLiabilitiesMemberus-gaap:DesignatedAsHedgingInstrumentMember2019-04-260001613103us-gaap:DesignatedAsHedgingInstrumentMember2019-04-260001613103us-gaap:NondesignatedMemberus-gaap:ForeignExchangeContractMemberus-gaap:PrepaidExpensesAndOtherCurrentAssetsMember2019-04-260001613103us-gaap:NondesignatedMemberus-gaap:ForeignExchangeContractMembermdt:OtherAccruedExpensesMember2019-04-260001613103us-gaap:NondesignatedMemberus-gaap:PrepaidExpensesAndOtherCurrentAssetsMemberus-gaap:TotalReturnSwapMember2019-04-260001613103us-gaap:NondesignatedMembermdt:OtherAccruedExpensesMemberus-gaap:TotalReturnSwapMember2019-04-260001613103us-gaap:NondesignatedMemberus-gaap:CrossCurrencyInterestRateContractMemberus-gaap:PrepaidExpensesAndOtherCurrentAssetsMember2019-04-260001613103us-gaap:NondesignatedMemberus-gaap:CrossCurrencyInterestRateContractMembermdt:OtherAccruedExpensesMember2019-04-260001613103us-gaap:NondesignatedMember2019-04-260001613103us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2020-01-240001613103us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2020-01-240001613103us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2019-04-260001613103us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2019-04-260001613103us-gaap:TotalReturnSwapMember2020-01-240001613103us-gaap:CrossCurrencyInterestRateContractMember2020-01-240001613103us-gaap:InterestRateContractMember2019-04-260001613103us-gaap:TotalReturnSwapMember2019-04-260001613103us-gaap:CrossCurrencyInterestRateContractMember2019-04-260001613103mdt:CardiacAndVascularGroupMember2019-04-260001613103mdt:MinimallyInvasiveTherapiesGroupMember2019-04-260001613103mdt:RestorativeTherapiesGroupMember2019-04-260001613103mdt:DiabetesGroupMember2019-04-260001613103mdt:CardiacAndVascularGroupMember2020-01-240001613103mdt:MinimallyInvasiveTherapiesGroupMember2020-01-240001613103mdt:RestorativeTherapiesGroupMember2020-01-240001613103mdt:DiabetesGroupMember2020-01-240001613103us-gaap:CustomerRelatedIntangibleAssetsMember2020-01-240001613103us-gaap:CustomerRelatedIntangibleAssetsMember2019-04-260001613103mdt:PurchasedTechnologyAndPatentsMember2020-01-240001613103mdt:PurchasedTechnologyAndPatentsMember2019-04-260001613103us-gaap:TrademarksAndTradeNamesMember2020-01-240001613103us-gaap:TrademarksAndTradeNamesMember2019-04-260001613103us-gaap:OtherIntangibleAssetsMember2020-01-240001613103us-gaap:OtherIntangibleAssetsMember2019-04-260001613103us-gaap:InProcessResearchAndDevelopmentMember2020-01-240001613103us-gaap:InProcessResearchAndDevelopmentMember2019-04-260001613103mdt:AmortizableAssetCreatedForSwissFederalIncomeTaxPurposesMember2019-04-272020-01-240001613103us-gaap:EmployeeStockOptionMember2019-10-262020-01-240001613103us-gaap:EmployeeStockOptionMember2019-04-272020-01-240001613103us-gaap:EmployeeStockOptionMember2018-04-282019-01-250001613103us-gaap:EmployeeStockOptionMember2018-10-272019-01-250001613103us-gaap:EmployeeStockOptionMember2019-10-262020-01-240001613103us-gaap:EmployeeStockOptionMember2018-10-272019-01-250001613103us-gaap:EmployeeStockOptionMember2019-04-272020-01-240001613103us-gaap:EmployeeStockOptionMember2018-04-282019-01-250001613103us-gaap:RestrictedStockUnitsRSUMember2019-10-262020-01-240001613103us-gaap:RestrictedStockUnitsRSUMember2018-10-272019-01-250001613103us-gaap:RestrictedStockUnitsRSUMember2019-04-272020-01-240001613103us-gaap:RestrictedStockUnitsRSUMember2018-04-282019-01-250001613103mdt:EmployeesStockPurchasePlanMember2019-10-262020-01-240001613103mdt:EmployeesStockPurchasePlanMember2018-10-272019-01-250001613103mdt:EmployeesStockPurchasePlanMember2019-04-272020-01-240001613103mdt:EmployeesStockPurchasePlanMember2018-04-282019-01-250001613103us-gaap:CostOfSalesMember2019-10-262020-01-240001613103us-gaap:CostOfSalesMember2018-10-272019-01-250001613103us-gaap:CostOfSalesMember2019-04-272020-01-240001613103us-gaap:CostOfSalesMember2018-04-282019-01-250001613103us-gaap:ResearchAndDevelopmentExpenseMember2019-10-262020-01-240001613103us-gaap:ResearchAndDevelopmentExpenseMember2018-10-272019-01-250001613103us-gaap:ResearchAndDevelopmentExpenseMember2019-04-272020-01-240001613103us-gaap:ResearchAndDevelopmentExpenseMember2018-04-282019-01-250001613103us-gaap:SellingGeneralAndAdministrativeExpensesMember2019-10-262020-01-240001613103us-gaap:SellingGeneralAndAdministrativeExpensesMember2018-10-272019-01-250001613103us-gaap:SellingGeneralAndAdministrativeExpensesMember2019-04-272020-01-240001613103us-gaap:SellingGeneralAndAdministrativeExpensesMember2018-04-282019-01-250001613103us-gaap:PensionPlansDefinedBenefitMembercountry:US2019-10-262020-01-240001613103us-gaap:PensionPlansDefinedBenefitMembercountry:US2018-10-272019-01-250001613103us-gaap:PensionPlansDefinedBenefitMemberus-gaap:ForeignPlanMember2019-10-262020-01-240001613103us-gaap:PensionPlansDefinedBenefitMemberus-gaap:ForeignPlanMember2018-10-272019-01-250001613103us-gaap:PensionPlansDefinedBenefitMembercountry:US2019-04-272020-01-240001613103us-gaap:PensionPlansDefinedBenefitMembercountry:US2018-04-282019-01-250001613103us-gaap:PensionPlansDefinedBenefitMemberus-gaap:ForeignPlanMember2019-04-272020-01-240001613103us-gaap:PensionPlansDefinedBenefitMemberus-gaap:ForeignPlanMember2018-04-282019-01-250001613103us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2019-04-260001613103us-gaap:AccumulatedTranslationAdjustmentMember2019-04-260001613103us-gaap:AociDerivativeQualifyingAsHedgeExcludedComponentParentMember2019-04-260001613103us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2019-04-260001613103us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2019-04-260001613103us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2019-04-272020-01-240001613103us-gaap:AccumulatedTranslationAdjustmentMember2019-04-272020-01-240001613103us-gaap:AociDerivativeQualifyingAsHedgeExcludedComponentParentMember2019-04-272020-01-240001613103us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2019-04-272020-01-240001613103us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2019-04-272020-01-240001613103us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-04-272020-01-240001613103us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2020-01-240001613103us-gaap:AccumulatedTranslationAdjustmentMember2020-01-240001613103us-gaap:AociDerivativeQualifyingAsHedgeExcludedComponentParentMember2020-01-240001613103us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2020-01-240001613103us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2020-01-240001613103us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2018-04-270001613103us-gaap:AccumulatedTranslationAdjustmentMember2018-04-270001613103mdt:AccumulatedNetGainLossfromNetInvestmentHedgesAttributabletoParentMember2018-04-270001613103us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2018-04-270001613103us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2018-04-270001613103us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2018-04-282019-01-250001613103us-gaap:AccumulatedTranslationAdjustmentMember2018-04-282019-01-250001613103us-gaap:AociDerivativeQualifyingAsHedgeExcludedComponentParentMember2018-04-282019-01-250001613103us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2018-04-282019-01-250001613103us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2018-04-282019-01-250001613103us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-04-282019-01-250001613103mdt:AccumulatedNetGainLossfromNetInvestmentHedgesAttributabletoParentMember2018-04-282019-01-250001613103us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2018-04-280001613103us-gaap:AccumulatedTranslationAdjustmentMember2018-04-280001613103mdt:AccumulatedNetGainLossfromNetInvestmentHedgesAttributabletoParentMember2018-04-280001613103us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2018-04-280001613103us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2018-04-280001613103us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2019-01-250001613103us-gaap:AccumulatedTranslationAdjustmentMember2019-01-250001613103mdt:AccumulatedNetGainLossfromNetInvestmentHedgesAttributabletoParentMember2019-01-250001613103us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2019-01-250001613103us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2019-01-25mdt:subsidiary0001613103mdt:PelvicMeshLitigationMemberus-gaap:DamagesFromProductDefectsMember2019-04-272020-01-24mdt:manufacturer0001613103mdt:PelvicMeshLitigationMemberus-gaap:DamagesFromProductDefectsMember2015-04-252016-04-29mdt:claim0001613103mdt:PelvicMeshLitigationMemberus-gaap:DamagesFromProductDefectsMember2017-05-012017-05-310001613103mdt:PelvicMeshLitigationMemberus-gaap:DamagesFromProductDefectsMember2020-01-240001613103mdt:PelvicMeshLitigationMemberus-gaap:SubsequentEventMemberus-gaap:DamagesFromProductDefectsMember2020-02-052020-02-05mdt:patent0001613103mdt:EthiconPatentInfringementLitigationMember2011-12-142011-12-140001613103mdt:SassoLitigationMember2018-11-282018-11-28mdt:landfill0001613103mdt:OrringtonMaineChemicalManufacturingFacilityMember2019-04-272020-01-240001613103mdt:CovidienPLCMember2007-06-292007-06-290001613103mdt:CardiacAndVascularGroupMemberus-gaap:OperatingSegmentsMember2019-10-262020-01-240001613103mdt:CardiacAndVascularGroupMemberus-gaap:OperatingSegmentsMember2018-10-272019-01-250001613103mdt:CardiacAndVascularGroupMemberus-gaap:OperatingSegmentsMember2019-04-272020-01-240001613103mdt:CardiacAndVascularGroupMemberus-gaap:OperatingSegmentsMember2018-04-282019-01-250001613103us-gaap:OperatingSegmentsMembermdt:MinimallyInvasiveTherapiesGroupMember2019-10-262020-01-240001613103us-gaap:OperatingSegmentsMembermdt:MinimallyInvasiveTherapiesGroupMember2018-10-272019-01-250001613103us-gaap:OperatingSegmentsMembermdt:MinimallyInvasiveTherapiesGroupMember2019-04-272020-01-240001613103us-gaap:OperatingSegmentsMembermdt:MinimallyInvasiveTherapiesGroupMember2018-04-282019-01-250001613103mdt:RestorativeTherapiesGroupMemberus-gaap:OperatingSegmentsMember2019-10-262020-01-240001613103mdt:RestorativeTherapiesGroupMemberus-gaap:OperatingSegmentsMember2018-10-272019-01-250001613103mdt:RestorativeTherapiesGroupMemberus-gaap:OperatingSegmentsMember2019-04-272020-01-240001613103mdt:RestorativeTherapiesGroupMemberus-gaap:OperatingSegmentsMember2018-04-282019-01-250001613103mdt:DiabetesGroupMemberus-gaap:OperatingSegmentsMember2019-10-262020-01-240001613103mdt:DiabetesGroupMemberus-gaap:OperatingSegmentsMember2018-10-272019-01-250001613103mdt:DiabetesGroupMemberus-gaap:OperatingSegmentsMember2019-04-272020-01-240001613103mdt:DiabetesGroupMemberus-gaap:OperatingSegmentsMember2018-04-282019-01-250001613103us-gaap:OperatingSegmentsMember2019-10-262020-01-240001613103us-gaap:OperatingSegmentsMember2018-10-272019-01-250001613103us-gaap:OperatingSegmentsMember2019-04-272020-01-240001613103us-gaap:OperatingSegmentsMember2018-04-282019-01-250001613103us-gaap:MaterialReconcilingItemsMember2019-10-262020-01-240001613103us-gaap:MaterialReconcilingItemsMember2018-10-272019-01-250001613103us-gaap:MaterialReconcilingItemsMember2019-04-272020-01-240001613103us-gaap:MaterialReconcilingItemsMember2018-04-282019-01-250001613103country:IE2019-10-262020-01-240001613103country:IE2018-10-272019-01-250001613103country:IE2019-04-272020-01-240001613103country:IE2018-04-282019-01-250001613103mdt:TotalOtherCountriesExcludingUnitedStatesandIrelandMember2019-10-262020-01-240001613103mdt:TotalOtherCountriesExcludingUnitedStatesandIrelandMember2018-10-272019-01-250001613103mdt:TotalOtherCountriesExcludingUnitedStatesandIrelandMember2019-04-272020-01-240001613103mdt:TotalOtherCountriesExcludingUnitedStatesandIrelandMember2018-04-282019-01-250001613103mdt:TotalOtherCountriesExcludingIrelandMember2019-10-262020-01-240001613103mdt:TotalOtherCountriesExcludingIrelandMember2018-10-272019-01-250001613103mdt:TotalOtherCountriesExcludingIrelandMember2019-04-272020-01-240001613103mdt:TotalOtherCountriesExcludingIrelandMember2018-04-282019-01-250001613103mdt:GuarantorsMedtronicNotesMembersrt:ReportableLegalEntitiesMembersrt:ParentCompanyMember2019-10-262020-01-240001613103mdt:GuarantorsMedtronicNotesMembersrt:ReportableLegalEntitiesMembersrt:SubsidiaryIssuerMember2019-10-262020-01-240001613103srt:GuarantorSubsidiariesMembermdt:GuarantorsMedtronicNotesMembersrt:ReportableLegalEntitiesMember2019-10-262020-01-240001613103mdt:GuarantorsMedtronicNotesMembersrt:ReportableLegalEntitiesMembersrt:NonGuarantorSubsidiariesMember2019-10-262020-01-240001613103mdt:GuarantorsMedtronicNotesMembersrt:ConsolidationEliminationsMember2019-10-262020-01-240001613103mdt:GuarantorsMedtronicNotesMembersrt:ReportableLegalEntitiesMembersrt:ParentCompanyMember2019-04-272020-01-240001613103mdt:GuarantorsMedtronicNotesMembersrt:ReportableLegalEntitiesMembersrt:SubsidiaryIssuerMember2019-04-272020-01-240001613103srt:GuarantorSubsidiariesMembermdt:GuarantorsMedtronicNotesMembersrt:ReportableLegalEntitiesMember2019-04-272020-01-240001613103mdt:GuarantorsMedtronicNotesMembersrt:ReportableLegalEntitiesMembersrt:NonGuarantorSubsidiariesMember2019-04-272020-01-240001613103mdt:GuarantorsMedtronicNotesMembersrt:ConsolidationEliminationsMember2019-04-272020-01-240001613103mdt:GuarantorsMedtronicNotesMembersrt:ReportableLegalEntitiesMembersrt:ParentCompanyMember2018-10-272019-01-250001613103mdt:GuarantorsMedtronicNotesMembersrt:ReportableLegalEntitiesMembersrt:SubsidiaryIssuerMember2018-10-272019-01-250001613103srt:GuarantorSubsidiariesMembermdt:GuarantorsMedtronicNotesMembersrt:ReportableLegalEntitiesMember2018-10-272019-01-250001613103mdt:GuarantorsMedtronicNotesMembersrt:ReportableLegalEntitiesMembersrt:NonGuarantorSubsidiariesMember2018-10-272019-01-250001613103mdt:GuarantorsMedtronicNotesMembersrt:ConsolidationEliminationsMember2018-10-272019-01-250001613103mdt:GuarantorsMedtronicNotesMembersrt:ReportableLegalEntitiesMembersrt:ParentCompanyMember2018-04-282019-01-250001613103mdt:GuarantorsMedtronicNotesMembersrt:ReportableLegalEntitiesMembersrt:SubsidiaryIssuerMember2018-04-282019-01-250001613103srt:GuarantorSubsidiariesMembermdt:GuarantorsMedtronicNotesMembersrt:ReportableLegalEntitiesMember2018-04-282019-01-250001613103mdt:GuarantorsMedtronicNotesMembersrt:ReportableLegalEntitiesMembersrt:NonGuarantorSubsidiariesMember2018-04-282019-01-250001613103mdt:GuarantorsMedtronicNotesMembersrt:ConsolidationEliminationsMember2018-04-282019-01-250001613103mdt:GuarantorsMedtronicNotesMembersrt:ReportableLegalEntitiesMembersrt:ParentCompanyMember2020-01-240001613103mdt:GuarantorsMedtronicNotesMembersrt:ReportableLegalEntitiesMembersrt:SubsidiaryIssuerMember2020-01-240001613103srt:GuarantorSubsidiariesMembermdt:GuarantorsMedtronicNotesMembersrt:ReportableLegalEntitiesMember2020-01-240001613103mdt:GuarantorsMedtronicNotesMembersrt:ReportableLegalEntitiesMembersrt:NonGuarantorSubsidiariesMember2020-01-240001613103mdt:GuarantorsMedtronicNotesMembersrt:ConsolidationEliminationsMember2020-01-240001613103mdt:GuarantorsMedtronicNotesMembersrt:ReportableLegalEntitiesMembersrt:ParentCompanyMember2019-04-260001613103mdt:GuarantorsMedtronicNotesMembersrt:ReportableLegalEntitiesMembersrt:SubsidiaryIssuerMember2019-04-260001613103srt:GuarantorSubsidiariesMembermdt:GuarantorsMedtronicNotesMembersrt:ReportableLegalEntitiesMember2019-04-260001613103mdt:GuarantorsMedtronicNotesMembersrt:ReportableLegalEntitiesMembersrt:NonGuarantorSubsidiariesMember2019-04-260001613103mdt:GuarantorsMedtronicNotesMembersrt:ConsolidationEliminationsMember2019-04-260001613103mdt:GuarantorsMedtronicNotesMembersrt:ReportableLegalEntitiesMembersrt:ParentCompanyMember2018-04-270001613103mdt:GuarantorsMedtronicNotesMembersrt:ReportableLegalEntitiesMembersrt:SubsidiaryIssuerMember2018-04-270001613103srt:GuarantorSubsidiariesMembermdt:GuarantorsMedtronicNotesMembersrt:ReportableLegalEntitiesMember2018-04-270001613103mdt:GuarantorsMedtronicNotesMembersrt:ReportableLegalEntitiesMembersrt:NonGuarantorSubsidiariesMember2018-04-270001613103mdt:GuarantorsMedtronicNotesMembersrt:ConsolidationEliminationsMember2018-04-270001613103mdt:GuarantorsMedtronicNotesMembersrt:ReportableLegalEntitiesMembersrt:ParentCompanyMember2019-01-250001613103mdt:GuarantorsMedtronicNotesMembersrt:ReportableLegalEntitiesMembersrt:SubsidiaryIssuerMember2019-01-250001613103srt:GuarantorSubsidiariesMembermdt:GuarantorsMedtronicNotesMembersrt:ReportableLegalEntitiesMember2019-01-250001613103mdt:GuarantorsMedtronicNotesMembersrt:ReportableLegalEntitiesMembersrt:NonGuarantorSubsidiariesMember2019-01-250001613103mdt:GuarantorsMedtronicNotesMembersrt:ConsolidationEliminationsMember2019-01-250001613103mdt:CIFSANotesMembersrt:ReportableLegalEntitiesMembersrt:ParentCompanyMember2019-10-262020-01-240001613103mdt:CIFSANotesMembersrt:ReportableLegalEntitiesMembersrt:SubsidiaryIssuerMember2019-10-262020-01-240001613103srt:GuarantorSubsidiariesMembermdt:CIFSANotesMembersrt:ReportableLegalEntitiesMember2019-10-262020-01-240001613103mdt:CIFSANotesMembersrt:ReportableLegalEntitiesMembersrt:NonGuarantorSubsidiariesMember2019-10-262020-01-240001613103mdt:CIFSANotesMembersrt:ConsolidationEliminationsMember2019-10-262020-01-240001613103mdt:CIFSANotesMembersrt:ReportableLegalEntitiesMembersrt:ParentCompanyMember2019-04-272020-01-240001613103mdt:CIFSANotesMembersrt:ReportableLegalEntitiesMembersrt:SubsidiaryIssuerMember2019-04-272020-01-240001613103srt:GuarantorSubsidiariesMembermdt:CIFSANotesMembersrt:ReportableLegalEntitiesMember2019-04-272020-01-240001613103mdt:CIFSANotesMembersrt:ReportableLegalEntitiesMembersrt:NonGuarantorSubsidiariesMember2019-04-272020-01-240001613103mdt:CIFSANotesMembersrt:ConsolidationEliminationsMember2019-04-272020-01-240001613103mdt:CIFSANotesMembersrt:ReportableLegalEntitiesMembersrt:ParentCompanyMember2018-10-272019-01-250001613103mdt:CIFSANotesMembersrt:ReportableLegalEntitiesMembersrt:SubsidiaryIssuerMember2018-10-272019-01-250001613103srt:GuarantorSubsidiariesMembermdt:CIFSANotesMembersrt:ReportableLegalEntitiesMember2018-10-272019-01-250001613103mdt:CIFSANotesMembersrt:ReportableLegalEntitiesMembersrt:NonGuarantorSubsidiariesMember2018-10-272019-01-250001613103mdt:CIFSANotesMembersrt:ConsolidationEliminationsMember2018-10-272019-01-250001613103mdt:CIFSANotesMembersrt:ReportableLegalEntitiesMembersrt:ParentCompanyMember2018-04-282019-01-250001613103mdt:CIFSANotesMembersrt:ReportableLegalEntitiesMembersrt:SubsidiaryIssuerMember2018-04-282019-01-250001613103srt:GuarantorSubsidiariesMembermdt:CIFSANotesMembersrt:ReportableLegalEntitiesMember2018-04-282019-01-250001613103mdt:CIFSANotesMembersrt:ReportableLegalEntitiesMembersrt:NonGuarantorSubsidiariesMember2018-04-282019-01-250001613103mdt:CIFSANotesMembersrt:ConsolidationEliminationsMember2018-04-282019-01-250001613103mdt:CIFSANotesMembersrt:ReportableLegalEntitiesMembersrt:ParentCompanyMember2020-01-240001613103mdt:CIFSANotesMembersrt:ReportableLegalEntitiesMembersrt:SubsidiaryIssuerMember2020-01-240001613103srt:GuarantorSubsidiariesMembermdt:CIFSANotesMembersrt:ReportableLegalEntitiesMember2020-01-240001613103mdt:CIFSANotesMembersrt:ReportableLegalEntitiesMembersrt:NonGuarantorSubsidiariesMember2020-01-240001613103mdt:CIFSANotesMembersrt:ConsolidationEliminationsMember2020-01-240001613103mdt:CIFSANotesMembersrt:ReportableLegalEntitiesMembersrt:ParentCompanyMember2019-04-260001613103mdt:CIFSANotesMembersrt:ReportableLegalEntitiesMembersrt:SubsidiaryIssuerMember2019-04-260001613103srt:GuarantorSubsidiariesMembermdt:CIFSANotesMembersrt:ReportableLegalEntitiesMember2019-04-260001613103mdt:CIFSANotesMembersrt:ReportableLegalEntitiesMembersrt:NonGuarantorSubsidiariesMember2019-04-260001613103mdt:CIFSANotesMembersrt:ConsolidationEliminationsMember2019-04-260001613103mdt:CIFSANotesMembersrt:ReportableLegalEntitiesMembersrt:ParentCompanyMember2018-04-270001613103mdt:CIFSANotesMembersrt:ReportableLegalEntitiesMembersrt:SubsidiaryIssuerMember2018-04-270001613103srt:GuarantorSubsidiariesMembermdt:CIFSANotesMembersrt:ReportableLegalEntitiesMember2018-04-270001613103mdt:CIFSANotesMembersrt:ReportableLegalEntitiesMembersrt:NonGuarantorSubsidiariesMember2018-04-270001613103mdt:CIFSANotesMembersrt:ConsolidationEliminationsMember2018-04-270001613103mdt:CIFSANotesMembersrt:ReportableLegalEntitiesMembersrt:ParentCompanyMember2019-01-250001613103mdt:CIFSANotesMembersrt:ReportableLegalEntitiesMembersrt:SubsidiaryIssuerMember2019-01-250001613103srt:GuarantorSubsidiariesMembermdt:CIFSANotesMembersrt:ReportableLegalEntitiesMember2019-01-250001613103mdt:CIFSANotesMembersrt:ReportableLegalEntitiesMembersrt:NonGuarantorSubsidiariesMember2019-01-250001613103mdt:CIFSANotesMembersrt:ConsolidationEliminationsMember2019-01-25


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 10-Q
QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended January 24, 2020
Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
For the transition period from __________ to __________
Commission File Number 001-36820
https://cdn.kscope.io/4ead7045fa1201d7557151cbcfcae799-mdt-20200124_g1.jpg®
MEDTRONIC PUBLIC LIMITED COMPANY
(Exact name of registrant as specified in its charter)
  
Ireland98-1183488
(State of incorporation)(I.R.S. Employer
Identification No.)
20 On Hatch, Lower Hatch Street
Dublin 2, Ireland
(Address of principal executive offices) (Zip Code)
+353 1 438-1700
(Registrant’s telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading SymbolName of each exchange on which registered
Ordinary shares, par value $0.0001 per shareMDTNew York Stock Exchange
Floating Rate Notes due 2021MDT/21New York Stock Exchange
0.000% Senior Notes due 2021MDT/21ANew York Stock Exchange
0.000% Senior Notes due 2022MDT/22BNew York Stock Exchange
0.375% Senior Notes due 2023MDT/23BNew York Stock Exchange
0.25% Senior Notes due 2025MDT/25New York Stock Exchange
1.125% Notes due 2027MDT/27New York Stock Exchange
1.625% Notes due 2031MDT/31New York Stock Exchange
1.00% Senior Notes due 2031MDT/31ANew York Stock Exchange
2.250% Notes due 2039MDT/39ANew York Stock Exchange
1.50% Senior Notes due 2039MDT/39BNew York Stock Exchange
1.75% Senior Notes due 2049MDT/49New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days. Yes No
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes No



Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filerAccelerated filerEmerging growth company
Non-accelerated filerSmaller Reporting Company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 1(a) of the Exchange Act.
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
Yes No
As of February 25, 2020, 1,340,166,137 ordinary shares, par value $0.0001, and 1,872 A preferred shares, par value $1.00, of the registrant were outstanding.





TABLE OF CONTENTS
Item Description Page
     
    
1.  
2.  
3.  
4.  
    
1.  
2.  
6.  




PART I — FINANCIAL INFORMATION
Item 1. Financial Statements
Medtronic plc
Consolidated Statements of Income
(Unaudited)
 Three months endedNine months ended
(in millions, except per share data)January 24, 2020January 25, 2019January 24, 2020January 25, 2019
Net sales$7,717  $7,546  $22,916  $22,411  
Costs and expenses:  
Cost of products sold2,400  2,265  7,160  6,672  
Research and development expense573  561  1,763  1,736  
Selling, general, and administrative expense2,587  2,596  7,750  7,798  
Amortization of intangible assets436  436  1,317  1,327  
Restructuring charges, net13  26  87  112  
Certain litigation charges108  63  276  166  
Other operating (income) expense, net(39) 57  88  278  
Operating profit1,639  1,542  4,475  4,322  
Other non-operating income, net(96) (71) (305) (309) 
Interest expense156  243  930  726  
Income before income taxes1,579  1,370  3,850  3,905  
Income tax provision(340) 99  (317) 437  
Net income1,919  1,271  4,167  3,468  
Net income attributable to noncontrolling interests(4) (2) (24) (9) 
Net income attributable to Medtronic$1,915  $1,269  $4,143  $3,459  
Basic earnings per share$1.43  $0.95  $3.09  $2.57  
Diluted earnings per share$1.42  $0.94  $3.07  $2.54  
Basic weighted average shares outstanding1,340.5  1,342.8  1,340.7  1,348.1  
Diluted weighted average shares outstanding1,351.5  1,352.7  1,351.6  1,359.5  

The accompanying notes are an integral part of these consolidated financial statements.
1


Medtronic plc
Consolidated Statements of Comprehensive Income
(Unaudited)
 Three months endedNine months ended
(in millions)January 24, 2020January 25, 2019January 24, 2020January 25, 2019
Net income$1,919  $1,271  $4,167  $3,468  
Other comprehensive income (loss), net of tax:  
Unrealized gain on investment securities20  32  93  23  
Translation adjustment32  128  (116) (1,127) 
Net investment hedge35    187    
Net change in retirement obligations13  17  38  65  
Unrealized (loss) gain on cash flow hedges(35) (23) (37) 317  
Other comprehensive income (loss)65  154  165  (722) 
Comprehensive income including noncontrolling interests1,984  1,425  4,332  2,746  
Comprehensive income attributable to noncontrolling interests(4) (2) (24) (6) 
Comprehensive income attributable to Medtronic$1,980  $1,423  $4,308  $2,740  

The accompanying notes are an integral part of these consolidated financial statements.
2


Medtronic plc
Consolidated Balance Sheets
(Unaudited)
(in millions)January 24, 2020April 26, 2019
ASSETS  
Current assets:  
Cash and cash equivalents$3,709  $4,393  
Investments7,919  5,455  
Accounts receivable, less allowances of $205 and $190, respectively
6,248  6,222  
Inventories, net4,122  3,753  
Other current assets2,045  2,144  
Total current assets24,043  21,967  
Property, plant, and equipment11,507  10,920  
Accumulated depreciation(6,743) (6,245) 
Property, plant, and equipment, net4,764  4,675  
Goodwill40,091  39,959  
Other intangible assets, net19,456  20,560  
Tax assets2,272  1,519  
Other assets2,196  1,014  
Total assets$92,822  $89,694  
LIABILITIES AND EQUITY  
Current liabilities:  
Current debt obligations$844  $838  
Accounts payable1,945  1,953  
Accrued compensation1,909  2,189  
Accrued income taxes457  567  
Other accrued expenses3,580  2,925  
Total current liabilities8,735  8,472  
Long-term debt24,732  24,486  
Accrued compensation and retirement benefits1,598  1,651  
Accrued income taxes2,738  2,838  
Deferred tax liabilities1,282  1,278  
Other liabilities1,784  757  
Total liabilities40,869  39,482  
Commitments and contingencies (Note 17)
Shareholders’ equity:  
Ordinary shares— par value $0.0001, 2.6 billion shares authorized, 1,340,786,042 and 1,340,697,595 shares issued and outstanding, respectively
    
Additional paid-in capital26,144  26,532  
Retained earnings28,210  26,270  
Accumulated other comprehensive loss(2,546) (2,711) 
Total shareholders’ equity51,808  50,091  
Noncontrolling interests145  121  
Total equity51,953  50,212  
Total liabilities and equity$92,822  $89,694  

The accompanying notes are an integral part of these consolidated financial statements.
3


Medtronic plc
Consolidated Statements of Equity
(Unaudited)
Ordinary SharesAdditional Paid-in CapitalRetained
Earnings
Accumulated
Other
Comprehensive
Loss
Total
Shareholders’
Equity
Noncontrolling InterestsTotal Equity
(in millions)NumberPar Value
April 26, 20191,341  $  $26,532  $26,270  $(2,711) $50,091  $121  $50,212  
Net income—  —  —  864  —  864  13  877  
Other comprehensive income—  —  —  —  227  227  —  227  
Dividends to shareholders ($0.54 per ordinary share)
—  —  —  (724) —  (724) —  (724) 
Issuance of shares under stock purchase and award plans3  —  205  —  —  205  —  205  
Repurchase of ordinary shares(3) —  (328) —  —  (328) —  (328) 
Stock-based compensation—  —  61  —  —  61  —  61  
Cumulative effect of change in accounting principle(1)
—  —  —  (33) —  (33) —  (33) 
July 26, 20191,341  $  $26,470  $26,377  $(2,484) $50,363  $134  $50,497  
Net income—  —  —  1,364  —  1,364  7  1,371  
Other comprehensive (loss)—  —  —  —  (127) (127) —  (127) 
Dividends to shareholders ($0.54 per ordinary share)
—  —  —  (723) —  (723) —  (723) 
Issuance of shares under stock purchase and award plans4  —  145  —  —  145  —  145  
Repurchase of ordinary shares(5) —  (552) —  —  (552) —  (552) 
Stock-based compensation—  —  108  —  —  108  —  108  
October 25, 20191,340  $  $26,171  $27,018  $(2,611) $50,578  $141  $50,719  
Net income—  —  —  1,915  —  1,915  4  1,919  
Other comprehensive income—  —  —  —  65  65  —  65  
Dividends to shareholders ($0.54 per ordinary share)
—  —  —  (723) —  (723) —  (723) 
Issuance of shares under stock purchase and award plans3  —  143  —  —  143  —