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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