SEC Filings

10-Q
MEDTRONIC PLC filed this Form 10-Q on 12/04/2017
Entire Document
 
Medtronic plc
Notes to Consolidated Financial Statements
(Unaudited)


Condensed Consolidating Balance Sheet
October 27, 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
$

 
$

 
$
823

 
$
4,706

 
$

 
$
5,529

Investments

 

 

 
7,997

 

 
7,997

Accounts receivable, net

 

 

 
5,752

 

 
5,752

Inventories, net

 

 

 
3,638

 

 
3,638

Intercompany receivable
55

 

 
60

 
11

 
(126
)
 

Other current assets
10

 

 
1

 
2,235

 

 
2,246

Total current assets
65

 

 
884

 
24,339

 
(126
)
 
25,162

Property, plant, and equipment, net

 

 

 
4,441

 

 
4,441

Goodwill

 

 

 
39,077

 

 
39,077

Other intangible assets, net

 

 

 
22,625

 

 
22,625

Tax assets

 

 

 
1,749

 

 
1,749

Investment in subsidiaries
59,762

 
35,680

 
59,284

 

 
(154,726
)
 

Intercompany loans receivable
3,112

 
2,332

 
19,005

 
23,967

 
(48,416
)
 

Other assets

 

 

 
1,404

 

 
1,404

Total assets
$
62,939

 
$
38,012

 
$
79,173

 
$
117,602

 
$
(203,268
)
 
$
94,458

LIABILITIES AND EQUITY
 
 
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
 
 
Current debt obligations
$

 
$

 
$
699

 
$
2,432

 
$

 
$
3,131

Accounts payable

 

 

 
1,718

 

 
1,718

Intercompany payable
11

 

 

 
115

 
(126
)
 

Accrued compensation
6

 

 

 
1,496

 

 
1,502

Accrued income taxes
14

 

 

 
858

 

 
872

Other accrued expenses
88

 
21

 
8

 
3,156

 

 
3,273

Total current liabilities
119

 
21

 
707

 
9,775

 
(126
)
 
10,496

Long-term debt

 
2,122

 
1,842

 
21,977

 

 
25,941

Accrued compensation and retirement benefits

 

 

 
1,475

 

 
1,475

Accrued income taxes
10

 

 

 
2,184

 

 
2,194

Intercompany loans payable
11,316

 
1,374

 
23,868

 
11,858

 
(48,416
)
 

Deferred tax liabilities

 

 

 
1,841

 

 
1,841

Other liabilities
25

 

 
1

 
907

 

 
933

Total liabilities
11,470

 
3,517

 
26,418

 
50,017

 
(48,542
)
 
42,880

Shareholders’ equity
51,469

 
34,495

 
52,755

 
67,476

 
(154,726
)
 
51,469

Noncontrolling interests

 

 

 
109

 

 
109

Total equity
51,469

 
34,495

 
52,755

 
67,585

 
(154,726
)
 
51,578

Total liabilities and equity
$
62,939

 
$
38,012

 
$
79,173

 
$
117,602

 
$
(203,268
)
 
$
94,458



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