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
April 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
$

 
$
33

 
$
5

 
$
4,929

 
$

 
$
4,967

Investments

 

 

 
8,741

 

 
8,741

Accounts receivable, net

 

 

 
5,591

 

 
5,591

Inventories, net

 

 

 
3,338

 

 
3,338

Intercompany receivable
63

 

 
60

 
12

 
(135
)
 

Other current assets
10

 

 

 
1,855

 

 
1,865

Current assets held for sale

 

 

 
371

 

 
371

Total current assets
73

 
33

 
65

 
24,837

 
(135
)
 
24,873

Property, plant, and equipment, net

 

 

 
4,361

 

 
4,361

Goodwill

 

 

 
38,515

 

 
38,515

Other intangible assets, net

 

 

 
23,407

 

 
23,407

Tax assets

 

 

 
1,509

 

 
1,509

Investment in subsidiaries
55,833

 
31,055

 
51,294

 

 
(138,182
)
 

Intercompany loans receivable
3,000

 
2,978

 
17,383

 
17,260

 
(40,621
)
 

Other assets

 

 

 
1,232

 

 
1,232

Noncurrent assets held for sale

 

 

 
5,919

 

 
5,919

Total assets
$
58,906

 
$
34,066

 
$
68,742

 
$
117,040

 
$
(178,938
)
 
$
99,816

LIABILITIES AND EQUITY
 
 
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
 
 
Current debt obligations
$

 
$
1,176

 
$
901

 
$
5,443

 
$

 
$
7,520

Accounts payable

 

 

 
1,731

 

 
1,731

Intercompany payable
12

 

 

 
123

 
(135
)
 

Accrued compensation
9

 

 

 
1,851

 

 
1,860

Accrued income taxes
13

 

 

 
620

 

 
633

Other accrued expenses

 
23

 
8

 
2,411

 

 
2,442

Current liabilities held for sale

 

 

 
34

 

 
34

Total current liabilities
34

 
1,199

 
909

 
12,213

 
(135
)
 
14,220

Long-term debt

 
2,133

 
1,842

 
21,946

 

 
25,921

Accrued compensation and retirement benefits

 

 

 
1,641

 

 
1,641

Accrued income taxes
10

 

 

 
2,395

 

 
2,405

Intercompany loans payable
8,568

 
1,369

 
17,161

 
13,523

 
(40,621
)
 

Deferred tax liabilities

 

 

 
2,978

 

 
2,978

Other liabilities

 

 

 
1,515

 

 
1,515

Noncurrent liabilities held for sale

 

 

 
720

 

 
720

Total liabilities
8,612

 
4,701

 
19,912

 
56,931

 
(40,756
)
 
49,400

Shareholders' equity
50,294

 
29,365

 
48,830

 
59,987

 
(138,182
)
 
50,294

Noncontrolling interests

 

 

 
122

 

 
122

Total Equity
50,294

 
29,365

 
48,830

 
60,109

 
(138,182
)
 
50,416

Total liabilities and equity
$
58,906

 
$
34,066

 
$
68,742

 
$
117,040

 
$
(178,938
)
 
$
99,816



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