10-Q Filing

MEDTRONIC PLC CIK: 1613103 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001613103-22-000063`
Period End Date	20221031
Filing Date	20221201
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	mdt-20221028_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 85 Income Statement 82 Cash Flow Statement 76 Stockholders Equity 49 Comprehensive Income 44

Balance Sheet 85 line items

Line Item	Tag	Value	Unit	Period
Allowances for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$203.00M	USD	Point-in-time
Allowances for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$230.00M	USD	Point-in-time
Ordinary shares, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Ordinary shares, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Ordinary shares authorized (shares)	`CommonStockSharesAuthorized`	2.60B	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.83B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.71B	USD	Point-in-time
Ordinary shares authorized (shares)	`CommonStockSharesAuthorized`	2.60B	shares	Point-in-time
Ordinary shares issued (shares)	`CommonStockSharesIssued`	1.33B	shares	Point-in-time
Investments	`ShortTermInvestments`	$6.60B	USD	Point-in-time
Investments	`ShortTermInvestments`	$6.86B	USD	Point-in-time
Ordinary shares issued (shares)	`CommonStockSharesIssued`	1.33B	shares	Point-in-time
Ordinary shares outstanding (shares)	`CommonStockSharesOutstanding`	1.33B	shares	Point-in-time
Accounts receivable, less allowances and credit losses of $203 and $230, respectively	`AccountsReceivableNetCurrent`	$5.63B	USD	Point-in-time
Accounts receivable, less allowances and credit losses of $203 and $230, respectively	`AccountsReceivableNetCurrent`	$5.55B	USD	Point-in-time
Ordinary shares outstanding (shares)	`CommonStockSharesOutstanding`	1.33B	shares	Point-in-time
Inventories, net	`InventoryNet`	$5.05B	USD	Point-in-time
Inventories, net	`InventoryNet`	$4.62B	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$2.32B	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$3.29B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$25.40B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$23.06B	USD	Point-in-time
Property, plant, and equipment	`PropertyPlantAndEquipmentGross`	$13.37B	USD	Point-in-time
Property, plant, and equipment	`PropertyPlantAndEquipmentGross`	$13.50B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$7.95B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$8.20B	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$5.30B	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$5.41B	USD	Point-in-time
Goodwill	`Goodwill`	$40.50B	USD	Point-in-time
Goodwill	`Goodwill`	$40.42B	USD	Point-in-time
Goodwill	`Goodwill`	$80.00M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$15.65B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$15.60B	USD	Point-in-time
Tax assets	`DeferredIncomeTaxAssetsNet`	$3.35B	USD	Point-in-time
Tax assets	`DeferredIncomeTaxAssetsNet`	$3.40B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.12B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.01B	USD	Point-in-time
Total assets	`Assets`	$93.24B	USD	Point-in-time
Total assets	`Assets`	$90.98B	USD	Point-in-time
Current debt obligations	`DebtCurrent`	$3.74B	USD	Point-in-time
Current debt obligations	`DebtCurrent`	$5.86B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.28B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.20B	USD	Point-in-time
Accrued compensation	`DeferredCompensationLiabilityCurrent`	$2.12B	USD	Point-in-time
Accrued compensation	`DeferredCompensationLiabilityCurrent`	$1.72B	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$651.00M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$704.00M	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$3.55B	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$4.03B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.39B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.46B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$20.75B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$20.37B	USD	Point-in-time
Accrued compensation and retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$1.11B	USD	Point-in-time
Accrued compensation and retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$1.05B	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesNoncurrent`	$2.61B	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesNoncurrent`	$2.09B	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$884.00M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$871.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.41B	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.44B	USD	Point-in-time
Total liabilities	`Liabilities`	$38.26B	USD	Point-in-time
Total liabilities	`Liabilities`	$41.18B	USD	Point-in-time
Commitments and contingencies (Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Ordinary shares par value $0.0001, 2.6 billion shares authorized, 1,330,148,578 and 1,330,743,395 shares issued and outstanding, respectively	`CommonStockValue`	-	USD	Point-in-time
Ordinary shares par value $0.0001, 2.6 billion shares authorized, 1,330,148,578 and 1,330,743,395 shares issued and outstanding, respectively	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.57B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.44B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$29.80B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$30.25B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.36B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.27B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$51.88B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$52.55B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$177.00M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$171.00M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$51.60B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$52.16B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$52.84B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$51.66B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$52.72B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$52.06B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$93.24B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$90.98B	USD	Point-in-time

Income Statement 82 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$14.96B	USD	2 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$7.85B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$7.58B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$15.84B	USD	2 Qtrs
Cost of products sold, excluding amortization of intangible assets	`CostOfGoodsAndServicesSold`	$2.54B	USD	1 Quarter
Cost of products sold, excluding amortization of intangible assets	`CostOfGoodsAndServicesSold`	$2.50B	USD	1 Quarter
Cost of products sold, excluding amortization of intangible assets	`CostOfGoodsAndServicesSold`	$5.09B	USD	2 Qtrs
Cost of products sold, excluding amortization of intangible assets	`CostOfGoodsAndServicesSold`	$5.05B	USD	2 Qtrs
Research and development expense	`ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost`	$1.37B	USD	2 Qtrs
Research and development expense	`ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost`	$676.00M	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost`	$676.00M	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost`	$1.43B	USD	2 Qtrs
Selling, general, and administrative expense	`SellingGeneralAndAdministrativeExpense`	$5.16B	USD	2 Qtrs
Selling, general, and administrative expense	`SellingGeneralAndAdministrativeExpense`	$2.62B	USD	1 Quarter
Selling, general, and administrative expense	`SellingGeneralAndAdministrativeExpense`	$5.18B	USD	2 Qtrs
Selling, general, and administrative expense	`SellingGeneralAndAdministrativeExpense`	$2.62B	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$421.00M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$866.00M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$844.00M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$431.00M	USD	1 Quarter
Restructuring charges, net	`RestructuringChargesNetOfRestructuringReversalsIncludingCostOfProductSoldImpact`	$10.00M	USD	1 Quarter
Restructuring charges, net	`RestructuringChargesNetOfRestructuringReversalsIncludingCostOfProductSoldImpact`	$44.00M	USD	2 Qtrs
Restructuring charges, net	`RestructuringChargesNetOfRestructuringReversalsIncludingCostOfProductSoldImpact`	$30.00M	USD	1 Quarter
Restructuring charges, net	`RestructuringChargesNetOfRestructuringReversalsIncludingCostOfProductSoldImpact`	$21.00M	USD	2 Qtrs
Certain litigation charges, net	`LossContingencyAccrualProvision`	$60.00M	USD	2 Qtrs
Certain litigation charges, net	`LossContingencyAccrualProvision`	-	USD	2 Qtrs
Certain litigation charges, net	`LossContingencyAccrualProvision`	-	USD	1 Quarter
Certain litigation charges, net	`LossContingencyAccrualProvision`	$34.00M	USD	1 Quarter
Other operating (income) expense, net	`OtherOperatingIncomeExpenseNet`	$-21.00M	USD	1 Quarter
Other operating (income) expense, net	`OtherOperatingIncomeExpenseNet`	$97.00M	USD	1 Quarter
Other operating (income) expense, net	`OtherOperatingIncomeExpenseNet`	$-781.00M	USD	2 Qtrs
Other operating (income) expense, net	`OtherOperatingIncomeExpenseNet`	$62.00M	USD	2 Qtrs
Operating profit	`OperatingIncomeLoss`	$2.42B	USD	2 Qtrs
Operating profit	`OperatingIncomeLoss`	$1.40B	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$1.56B	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$2.53B	USD	2 Qtrs
Other non-operating income, net	`OtherNonoperatingIncomeExpense`	$192.00M	USD	2 Qtrs
Other non-operating income, net	`OtherNonoperatingIncomeExpense`	$177.00M	USD	2 Qtrs
Other non-operating income, net	`OtherNonoperatingIncomeExpense`	$66.00M	USD	1 Quarter
Other non-operating income, net	`OtherNonoperatingIncomeExpense`	$109.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$273.00M	USD	2 Qtrs
Interest expense	`InterestExpense`	$118.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$136.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$282.00M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.40B	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.44B	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.49B	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.33B	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$1.07B	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$176.00M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$240.00M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$959.00M	USD	1 Quarter
Net income	`ProfitLoss`	$435.00M	USD	1 Quarter
Net income	`ProfitLoss`	$1.37B	USD	2 Qtrs
Net income	`ProfitLoss`	$931.00M	USD	1 Quarter
Net income	`ProfitLoss`	$2.09B	USD	2 Qtrs
Net income	`ProfitLoss`	$769.00M	USD	1 Quarter
Net income	`ProfitLoss`	$1.32B	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$10.00M	USD	2 Qtrs
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$12.00M	USD	2 Qtrs
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$6.00M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$8.00M	USD	1 Quarter
Net income attributable to Medtronic	`NetIncomeLoss`	$2.07B	USD	2 Qtrs
Net income attributable to Medtronic	`NetIncomeLoss`	$1.36B	USD	2 Qtrs
Net income attributable to Medtronic	`NetIncomeLoss`	$1.31B	USD	1 Quarter
Net income attributable to Medtronic	`NetIncomeLoss`	$427.00M	USD	1 Quarter
Basic earnings per share (usd per share)	`EarningsPerShareBasic`	$0.97	USD	1 Quarter
Basic earnings per share (usd per share)	`EarningsPerShareBasic`	$1.54	USD	2 Qtrs
Basic earnings per share (usd per share)	`EarningsPerShareBasic`	$0.32	USD	1 Quarter
Basic earnings per share (usd per share)	`EarningsPerShareBasic`	$1.02	USD	2 Qtrs
Diluted earnings per share (usd per share)	`EarningsPerShareDiluted`	$0.97	USD	1 Quarter
Diluted earnings per share (usd per share)	`EarningsPerShareDiluted`	$1.53	USD	2 Qtrs
Diluted earnings per share (usd per share)	`EarningsPerShareDiluted`	$1.02	USD	2 Qtrs
Diluted earnings per share (usd per share)	`EarningsPerShareDiluted`	$0.32	USD	1 Quarter
Basic weighted average shares outstanding (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	1.33B	shares	1 Quarter
Basic weighted average shares outstanding (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	1.34B	shares	2 Qtrs
Basic weighted average shares outstanding (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	1.35B	shares	1 Quarter
Basic weighted average shares outstanding (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	1.33B	shares	2 Qtrs
Diluted weighted average shares outstanding (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.33B	shares	2 Qtrs
Diluted weighted average shares outstanding (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.36B	shares	2 Qtrs
Diluted weighted average shares outstanding (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.36B	shares	1 Quarter
Diluted weighted average shares outstanding (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.33B	shares	1 Quarter

Cash Flow Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$1.37B	USD	2 Qtrs
Net income	`ProfitLoss`	$435.00M	USD	1 Quarter
Net income	`ProfitLoss`	$931.00M	USD	1 Quarter
Net income	`ProfitLoss`	$2.09B	USD	2 Qtrs
Net income	`ProfitLoss`	$769.00M	USD	1 Quarter
Net income	`ProfitLoss`	$1.32B	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.34B	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.35B	USD	2 Qtrs
Provision for credit losses	`ProvisionForDoubtfulAccounts`	$41.00M	USD	2 Qtrs
Provision for credit losses	`ProvisionForDoubtfulAccounts`	$34.00M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-92.00M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-78.00M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$209.00M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$199.00M	USD	2 Qtrs
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-53.00M	USD	2 Qtrs
MCS asset impairment and inventory write-down	`AssetImpairmentChargesAndInventoryWriteDown`	$515.00M	USD	2 Qtrs
MCS asset impairment and inventory write-down	`AssetImpairmentChargesAndInventoryWriteDown`	-	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-148.00M	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-130.00M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsAndNotesReceivable`	$346.00M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsAndNotesReceivable`	$171.00M	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$156.00M	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$784.00M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-446.00M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-14.00M	USD	2 Qtrs
Other operating assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-94.00M	USD	2 Qtrs
Other operating assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$409.00M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.00B	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.06B	USD	2 Qtrs
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$1.87B	USD	2 Qtrs
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$91.00M	USD	2 Qtrs
Additions to property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$749.00M	USD	2 Qtrs
Additions to property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$649.00M	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireInvestments`	$5.31B	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireInvestments`	$3.74B	USD	2 Qtrs
Sales and maturities of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$4.64B	USD	2 Qtrs
Sales and maturities of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$3.61B	USD	2 Qtrs
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-19.00M	USD	2 Qtrs
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$79.00M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.73B	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.49B	USD	2 Qtrs
Change in current debt obligations, net	`ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess`	$349.00M	USD	2 Qtrs
Change in current debt obligations, net	`ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess`	-	USD	2 Qtrs
Proceeds from (repayments of) short-term borrowings (maturities greater than 90 days)	`ProceedsFromShortTermDebt`	$2.28B	USD	2 Qtrs
Proceeds from (repayments of) short-term borrowings (maturities greater than 90 days)	`ProceedsFromShortTermDebt`	-	USD	2 Qtrs
Issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	2 Qtrs
Issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$3.43B	USD	2 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$1.00M	USD	2 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$2.31B	USD	2 Qtrs
Dividends to shareholders	`PaymentsOfDividendsCommonStock`	$1.81B	USD	2 Qtrs
Dividends to shareholders	`PaymentsOfDividendsCommonStock`	$1.69B	USD	2 Qtrs
Issuance of ordinary shares	`ProceedsFromIssuanceOrSaleOfEquity`	$153.00M	USD	2 Qtrs
Issuance of ordinary shares	`ProceedsFromIssuanceOrSaleOfEquity`	$274.00M	USD	2 Qtrs
Repurchase of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	$477.00M	USD	2 Qtrs
Repurchase of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	$744.00M	USD	2 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-46.00M	USD	2 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$443.00M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.06B	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.21B	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-223.00M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-51.00M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.11B	USD	2 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-693.00M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.71B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.83B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.90B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.59B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.71B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.83B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.90B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.59B	USD	Point-in-time
Income taxes	`IncomeTaxesPaidNet`	$821.00M	USD	2 Qtrs
Income taxes	`IncomeTaxesPaidNet`	$615.00M	USD	2 Qtrs
Interest	`InterestPaidNet`	$234.00M	USD	2 Qtrs
Interest	`InterestPaidNet`	$280.00M	USD	2 Qtrs

Stockholders Equity 49 line items

Line Item	Tag	Value	Unit	Period
Dividends to shareholders (usd per share)	`CommonStockDividendsPerShareDeclared`	$0.63	USD	1 Quarter
Dividends to shareholders (usd per share)	`CommonStockDividendsPerShareDeclared`	$0.68	USD	1 Quarter
Dividends to shareholders (usd per share)	`CommonStockDividendsPerShareDeclared`	$0.68	USD	1 Quarter
Dividends to shareholders (usd per share)	`CommonStockDividendsPerShareDeclared`	$0.63	USD	1 Quarter
Beginning balance (shares)	`CommonStockSharesOutstanding`	1.33B	shares	Point-in-time
Beginning balance (shares)	`CommonStockSharesOutstanding`	1.33B	shares	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$51.60B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$52.16B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$52.84B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$51.66B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$52.72B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$52.06B	USD	Point-in-time
Net income	`ProfitLoss`	$1.32B	USD	1 Quarter
Net income	`ProfitLoss`	$769.00M	USD	1 Quarter
Net income	`ProfitLoss`	$2.09B	USD	2 Qtrs
Net income	`ProfitLoss`	$1.37B	USD	2 Qtrs
Net income	`ProfitLoss`	$435.00M	USD	1 Quarter
Net income	`ProfitLoss`	$931.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$166.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-100.00M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$274.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$440.00M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$324.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-424.00M	USD	1 Quarter
Dividends to shareholders	`DividendsCommonStockCash`	$903.00M	USD	1 Quarter
Dividends to shareholders	`DividendsCommonStockCash`	$846.00M	USD	1 Quarter
Dividends to shareholders	`DividendsCommonStockCash`	$847.00M	USD	1 Quarter
Dividends to shareholders	`DividendsCommonStockCash`	$904.00M	USD	1 Quarter
Issuance of shares under stock purchase and award plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$92.00M	USD	1 Quarter
Issuance of shares under stock purchase and award plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$55.00M	USD	1 Quarter
Issuance of shares under stock purchase and award plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$41.00M	USD	1 Quarter
Issuance of shares under stock purchase and award plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$107.00M	USD	1 Quarter
Repurchase of ordinary shares	`StockRepurchasedAndRetiredDuringPeriodValue`	$333.00M	USD	1 Quarter
Repurchase of ordinary shares	`StockRepurchasedAndRetiredDuringPeriodValue`	$85.00M	USD	1 Quarter
Repurchase of ordinary shares	`StockRepurchasedAndRetiredDuringPeriodValue`	$311.00M	USD	1 Quarter
Repurchase of ordinary shares	`StockRepurchasedAndRetiredDuringPeriodValue`	$358.00M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$137.00M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$140.00M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$69.00M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$62.00M	USD	1 Quarter
Changes to noncontrolling ownership interests	`MinorityInterestPeriodIncreaseDecrease`	$-15.00M	USD	1 Quarter
Ending balance (shares)	`CommonStockSharesOutstanding`	1.33B	shares	Point-in-time
Ending balance (shares)	`CommonStockSharesOutstanding`	1.33B	shares	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$51.66B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$52.84B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$52.72B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$51.60B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$52.16B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$52.06B	USD	Point-in-time

Comprehensive Income 44 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$1.37B	USD	2 Qtrs
Net income	`ProfitLoss`	$435.00M	USD	1 Quarter
Net income	`ProfitLoss`	$931.00M	USD	1 Quarter
Net income	`ProfitLoss`	$2.09B	USD	2 Qtrs
Net income	`ProfitLoss`	$769.00M	USD	1 Quarter
Net income	`ProfitLoss`	$1.32B	USD	1 Quarter
Unrealized loss on investment securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-167.00M	USD	1 Quarter
Unrealized loss on investment securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-44.00M	USD	2 Qtrs
Unrealized loss on investment securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-56.00M	USD	1 Quarter
Unrealized loss on investment securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-183.00M	USD	2 Qtrs
Translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-247.00M	USD	1 Quarter
Translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-826.00M	USD	1 Quarter
Translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-1.71B	USD	2 Qtrs
Translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-602.00M	USD	2 Qtrs
Net investment hedge	`OtherComprehensiveIncomeLossUnrealizedGainLossOnDerivativesArisingDuringPeriodNetInvestmentHedgeNetOfTax`	$780.00M	USD	2 Qtrs
Net investment hedge	`OtherComprehensiveIncomeLossUnrealizedGainLossOnDerivativesArisingDuringPeriodNetInvestmentHedgeNetOfTax`	$407.00M	USD	1 Quarter
Net investment hedge	`OtherComprehensiveIncomeLossUnrealizedGainLossOnDerivativesArisingDuringPeriodNetInvestmentHedgeNetOfTax`	$356.00M	USD	1 Quarter
Net investment hedge	`OtherComprehensiveIncomeLossUnrealizedGainLossOnDerivativesArisingDuringPeriodNetInvestmentHedgeNetOfTax`	$1.41B	USD	2 Qtrs
Net change in retirement obligations	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-18.00M	USD	1 Quarter
Net change in retirement obligations	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-3.00M	USD	1 Quarter
Net change in retirement obligations	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-4.00M	USD	2 Qtrs
Net change in retirement obligations	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-37.00M	USD	2 Qtrs
Unrealized gain on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$158.00M	USD	1 Quarter
Unrealized gain on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$95.00M	USD	1 Quarter
Unrealized gain on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$378.00M	USD	2 Qtrs
Unrealized gain on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$269.00M	USD	2 Qtrs
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$324.00M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$440.00M	USD	2 Qtrs
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-424.00M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-100.00M	USD	2 Qtrs
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$166.00M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$274.00M	USD	1 Quarter
Comprehensive income including noncontrolling interests	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.48B	USD	1 Quarter
Comprehensive income including noncontrolling interests	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$2.53B	USD	2 Qtrs
Comprehensive income including noncontrolling interests	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.27B	USD	2 Qtrs
Comprehensive income including noncontrolling interests	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$11.00M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$5.00M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$6.00M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$9.00M	USD	2 Qtrs
Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$6.00M	USD	2 Qtrs
Comprehensive income attributable to Medtronic	`ComprehensiveIncomeNetOfTax`	$5.00M	USD	1 Quarter
Comprehensive income attributable to Medtronic	`ComprehensiveIncomeNetOfTax`	$1.48B	USD	1 Quarter
Comprehensive income attributable to Medtronic	`ComprehensiveIncomeNetOfTax`	$1.26B	USD	2 Qtrs
Comprehensive income attributable to Medtronic	`ComprehensiveIncomeNetOfTax`	$2.52B	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.