SEC Filings

10-Q
MEDTRONIC PLC filed this Form 10-Q on 09/01/2017
Entire Document
 
Medtronic plc
Notes to Consolidated Financial Statements
(Unaudited)


The following table summarizes the Company's investments by significant investment category and the related consolidated balance sheet classification at July 28, 2017:
 
Valuation
 
Balance Sheet Classification
(in millions)
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair Value
 
Investments
 
Other Assets
Available-for-sale securities:
 

 
 

 
 

 
 

 
 
 
 
Level 1:
 
 
 
 
 
 
 
 
 
 
 
U.S. government and agency securities
$
653

 
$
1

 
$
(4
)
 
$
650

 
$
650

 
$

Marketable equity securities
55

 
48

 
(2
)
 
101

 

 
101

Total Level 1
708

 
49

 
(6
)
 
751

 
650

 
101

Level 2:
 
 
 
 
 
 
 
 
 
 
 
Corporate debt securities
4,157

 
73

 
(18
)
 
4,212

 
4,212

 

U.S. government and agency securities
854

 

 
(9
)
 
845

 
845

 

Mortgage-backed securities
804

 
9

 
(16
)
 
797

 
797

 

Foreign government and agency securities
49

 

 

 
49

 
49

 

Other asset-backed securities
258

 
1

 
(1
)
 
258

 
258

 

Debt funds
1,246

 
7

 
(158
)
 
1,095

 
1,095

 

Total Level 2
7,368

 
90

 
(202
)
 
7,256

 
7,256

 

Level 3:
 
 
 
 
 
 
 
 
 
 
 
Corporate debt securities
1

 

 

 
1

 

 
1

Auction rate securities
47

 

 
(3
)
 
44

 

 
44

Total Level 3
48

 

 
(3
)
 
45

 

 
45

Investments measured at net asset value(1):
 

 
 

 
 

 
 

 
 
 
 
Debt Funds
497

 

 
(6
)
 
491

 
491

 

Total available-for-sale securities
8,621

 
139

 
(217
)
 
8,543

 
8,397

 
146

Cost method, equity method, and other investments:
 
 
 
 
 
 
 
 
 
 
 
Level 3:
 
 
 
 
 
 
 
 
 
 
 
Cost method, equity method, and other investments
627

 

 

 
N/A

 

 
627

Total Level 3
627

 

 

 
N/A

 

 
627

Total cost method, equity method, and other investments
627

 

 

 
N/A

 

 
627

Total investments
$
9,248

 
$
139

 
$
(217
)
 
$
8,543

 
$
8,397

 
$
773

(1) Certain investments that are measured at the net asset value per share (or its equivalent) as a practical expedient are excluded from the fair value hierarchy. The fair value amounts presented herein are intended to permit reconciliation to the consolidated balance sheets.


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