SEC Filings

8-K
MEDTRONIC PLC filed this Form 8-K on 11/21/2017
Entire Document
 


MEDTRONIC PLC
GAAP TO NON-GAAP RECONCILIATIONS
(Unaudited)
 
Three months ended October 27, 2017
(in millions)
Net Sales
 
SG&A Expense
 
SG&A Expense as a Percentage of Net Sales
 
R&D Expense
 
R&D Expense as a Percentage of Net Sales
 
Other Expense, net
 
Other Expense, net as a Percentage of Net Sales
GAAP
$
7,050

 
$
2,438

 
34.6
%
 
$
555

 
7.9
%
 
$
111

 
1.6
%
Non-GAAP Adjustments: (1)
 
 
 
 
 
 
 
 
 
 
 
 
 
Restructuring charges, net

 
(3
)
 
 
 

 
 
 

 
 
Hurricane Maria

 
(2
)
 
 
 

 
 
 
(15
)
 
 
Non-GAAP
7,050

 
2,433

 
34.5
%
 
555

 
7.9
%
 
96

 
1.4
%
Foreign currency impact
(35
)
 
(15
)
 
 
 
(1
)
 
 
 
(13
)
 
 
Foreign currency adjusted
$
7,015

 
$
2,418

 
34.5
%
 
$
554

 
7.9
%
 
$
83

 
1.2
%
See description of non-GAAP financial measures at the end of the earnings press release.
(1)
Non-GAAP adjustments relate to charges or benefits that management believes may or may not recur with similar materiality or impact on results in future periods.



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