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)


Condensed Consolidating Balance Sheet
July 28, 2017
CIFSA Senior Notes
(in millions)
Medtronic plc
 
CIFSA
 
CIFSA Subsidiary Guarantors
 
Subsidiary Non-guarantors
 
Consolidating
Adjustments
 
Total
ASSETS
 
 
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$

 
$

 
$
30

 
$
4,661

 
$

 
$
4,691

Investments

 

 

 
8,397

 

 
8,397

Accounts receivable, net

 

 

 
5,784

 

 
5,784

Inventories, net

 

 

 
3,538

 

 
3,538

Intercompany receivable
94

 

 
60

 
13

 
(167
)
 

Other current assets
7

 

 

 
1,993

 

 
2,000

Current assets held for sale

 

 

 
369

 

 
369

Total current assets
101

 

 
90

 
24,755

 
(167
)
 
24,779

Property, plant, and equipment, net

 

 

 
4,387

 

 
4,387

Goodwill

 

 

 
39,196

 

 
39,196

Other intangible assets, net

 

 

 
23,006

 

 
23,006

Tax assets

 

 

 
1,598

 

 
1,598

Investment in subsidiaries
57,874

 
31,684

 
53,258

 

 
(142,816
)
 

Intercompany loans receivable
3,000

 
2,795

 
19,390

 
18,634

 
(43,819
)
 

Other assets

 

 

 
1,284

 

 
1,284

Noncurrent assets held for sale

 

 

 
6,000

 

 
6,000

Total assets
$
60,975

 
$
34,479

 
$
72,738

 
$
118,860

 
$
(186,802
)
 
$
100,250

LIABILITIES AND EQUITY
 
 
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
 
 
Current debt obligations
$

 
$
1,163

 
$
1,473

 
$
5,422

 
$

 
$
8,058

Accounts payable

 

 

 
1,759

 

 
1,759

Intercompany payable
13

 

 

 
154

 
(167
)
 

Accrued compensation
7

 

 

 
1,297

 

 
1,304

Accrued income taxes
13

 

 

 
704

 

 
717

Other accrued expenses
1

 
33

 
20

 
3,197

 

 
3,251

Current liabilities held for sale

 

 

 
59

 

 
59

Total current liabilities
34

 
1,196

 
1,493

 
12,592

 
(167
)
 
15,148

Long-term debt

 
2,128

 
1,841

 
21,984

 

 
25,953

Accrued compensation and retirement benefits

 

 

 
1,663

 

 
1,663

Accrued income taxes
10

 

 

 
2,160

 

 
2,170

Intercompany loans payable
10,259

 
1,371

 
18,533

 
13,656

 
(43,819
)
 

Deferred tax liabilities

 

 

 
2,610

 

 
2,610

Other liabilities

 

 

 
1,026

 

 
1,026

Noncurrent liabilities held for sale

 

 

 
893

 

 
893

Total liabilities
10,303

 
4,695

 
21,867

 
56,584

 
(43,986
)
 
49,463

Shareholders’ equity
50,672

 
29,784

 
50,871

 
62,161

 
(142,816
)
 
50,672

Noncontrolling interests

 

 

 
115

 

 
115

Total equity
50,672

 
29,784

 
50,871

 
62,276

 
(142,816
)
 
50,787

Total liabilities and equity
$
60,975

 
$
34,479

 
$
72,738

 
$
118,860

 
$
(186,802
)
 
$
100,250



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