Adjustments to Current Assets
Adjustments to Total Assets
Adjustments to Current Liabilities
Adjustments to Total Liabilities
Adjustments to Stockholders’ Equity
Adjustments to Capitalization Table
Adjustments to Revenues
Adjustments to Reported Income

Medtronic PLC, adjusted current assets

US$ in millions

	Apr 26, 2024	Apr 28, 2023	Apr 29, 2022	Apr 30, 2021	Apr 24, 2020	Apr 26, 2019
As Reported
Current assets	21,935)	21,675)	23,059)	22,548)	22,031)	21,967)
Adjustments
Add: Allowance for doubtful accounts	173)	176)	230)	241)	208)	190)
After Adjustment
Adjusted current assets	22,108)	21,851)	23,289)	22,789)	22,239)	22,157)

Based on: 10-K (reporting date: 2024-04-26), 10-K (reporting date: 2023-04-28), 10-K (reporting date: 2022-04-29), 10-K (reporting date: 2021-04-30), 10-K (reporting date: 2020-04-24), 10-K (reporting date: 2019-04-26).

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Medtronic PLC, adjusted total assets

US$ in millions

	Apr 26, 2024	Apr 28, 2023	Apr 29, 2022	Apr 30, 2021	Apr 24, 2020	Apr 26, 2019
As Reported
Total assets	89,981)	90,948)	90,981)	93,083)	90,689)	89,694)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)	553)
Add: Allowance for doubtful accounts	173)	176)	230)	241)	208)	190)
Less: Deferred tax assets²	3,561)	3,388)	3,336)	3,114)	2,782)	1,469)
After Adjustment
Adjusted total assets	86,593)	87,736)	87,875)	90,210)	88,115)	88,968)

Based on: 10-K (reporting date: 2024-04-26), 10-K (reporting date: 2023-04-28), 10-K (reporting date: 2022-04-29), 10-K (reporting date: 2021-04-30), 10-K (reporting date: 2020-04-24), 10-K (reporting date: 2019-04-26).

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Deferred tax assets. See details »

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Medtronic PLC, adjusted current liabilities

US$ in millions

	Apr 26, 2024	Apr 28, 2023	Apr 29, 2022	Apr 30, 2021	Apr 24, 2020	Apr 26, 2019
As Reported
Current liabilities	10,789)	9,051)	12,394)	8,509)	10,366)	8,472)
Adjustments
Less: Deferred revenue (included in Other accrued expenses)	352)	314)	305)	276)	213)	211)
After Adjustment
Adjusted current liabilities	10,437)	8,737)	12,089)	8,233)	10,153)	8,261)

Based on: 10-K (reporting date: 2024-04-26), 10-K (reporting date: 2023-04-28), 10-K (reporting date: 2022-04-29), 10-K (reporting date: 2021-04-30), 10-K (reporting date: 2020-04-24), 10-K (reporting date: 2019-04-26).

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Medtronic PLC, adjusted total liabilities

US$ in millions

	Apr 26, 2024	Apr 28, 2023	Apr 29, 2022	Apr 30, 2021	Apr 24, 2020	Apr 26, 2019
As Reported
Total liabilities	39,561)	39,283)	38,260)	41,481)	39,817)	39,482)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)	553)
Less: Deferred tax liabilities²	515)	708)	884)	1,028)	1,174)	1,278)
Less: Deferred revenue	453)	405)	399)	368)	303)	315)
Less: Restructuring reserve	147)	230)	110)	146)	112)	186)
After Adjustment
Adjusted total liabilities	38,446)	37,940)	36,867)	39,939)	38,228)	38,256)

Based on: 10-K (reporting date: 2024-04-26), 10-K (reporting date: 2023-04-28), 10-K (reporting date: 2022-04-29), 10-K (reporting date: 2021-04-30), 10-K (reporting date: 2020-04-24), 10-K (reporting date: 2019-04-26).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Deferred tax liabilities. See details »

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Medtronic PLC, adjusted shareholders’ equity

US$ in millions

	Apr 26, 2024	Apr 28, 2023	Apr 29, 2022	Apr 30, 2021	Apr 24, 2020	Apr 26, 2019
As Reported
Shareholders’ equity	50,214)	51,483)	52,551)	51,428)	50,737)	50,091)
Adjustments
Less: Net deferred tax assets (liabilities)¹	3,046)	2,680)	2,452)	2,086)	1,608)	191)
Add: Allowance for doubtful accounts	173)	176)	230)	241)	208)	190)
Add: Deferred revenue	453)	405)	399)	368)	303)	315)
Add: Restructuring reserve	147)	230)	110)	146)	112)	186)
Add: Noncontrolling interests	206)	182)	171)	174)	135)	121)
After Adjustment
Adjusted total equity	48,147)	49,796)	51,009)	50,271)	49,887)	50,712)

Based on: 10-K (reporting date: 2024-04-26), 10-K (reporting date: 2023-04-28), 10-K (reporting date: 2022-04-29), 10-K (reporting date: 2021-04-30), 10-K (reporting date: 2020-04-24), 10-K (reporting date: 2019-04-26).

¹ Net deferred tax assets (liabilities). See details »

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Medtronic PLC, adjusted capitalization table

US$ in millions

	Apr 26, 2024	Apr 28, 2023	Apr 29, 2022	Apr 30, 2021	Apr 24, 2020	Apr 26, 2019
As Reported
Current debt obligations	1,092)	20)	3,742)	11)	2,776)	838)
Long-term debt	23,932)	24,344)	20,372)	26,378)	22,021)	24,486)
Total reported debt	25,024)	24,364)	24,114)	26,389)	24,797)	25,324)
Shareholders’ equity	50,214)	51,483)	52,551)	51,428)	50,737)	50,091)
Total reported capital	75,238)	75,847)	76,665)	77,817)	75,534)	75,415)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)	553)
Add: Operating lease current liability (classified in Other accrued expenses)²	183)	180)	167)	186)	171)	—)
Add: Operating lease non-current liability (classified in Other liabilities)³	840)	869)	703)	829)	774)	—)
Adjusted total debt	26,047)	25,413)	24,984)	27,404)	25,742)	25,877)
Adjustments to Equity
Less: Net deferred tax assets (liabilities)⁴	3,046)	2,680)	2,452)	2,086)	1,608)	191)
Add: Allowance for doubtful accounts	173)	176)	230)	241)	208)	190)
Add: Deferred revenue	453)	405)	399)	368)	303)	315)
Add: Restructuring reserve	147)	230)	110)	146)	112)	186)
Add: Noncontrolling interests	206)	182)	171)	174)	135)	121)
Adjusted total equity	48,147)	49,796)	51,009)	50,271)	49,887)	50,712)
After Adjustment
Adjusted total capital	74,194)	75,209)	75,993)	77,675)	75,629)	76,589)

Based on: 10-K (reporting date: 2024-04-26), 10-K (reporting date: 2023-04-28), 10-K (reporting date: 2022-04-29), 10-K (reporting date: 2021-04-30), 10-K (reporting date: 2020-04-24), 10-K (reporting date: 2019-04-26).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Operating lease current liability (classified in Other accrued expenses). See details »

³ Operating lease non-current liability (classified in Other liabilities). See details »

⁴ Net deferred tax assets (liabilities). See details »

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Medtronic PLC, adjusted net sales

US$ in millions

12 months ended:	Apr 26, 2024	Apr 28, 2023	Apr 29, 2022	Apr 30, 2021	Apr 24, 2020	Apr 26, 2019
As Reported
Net sales	32,364)	31,227)	31,686)	30,117)	28,913)	30,557)
Adjustment
Add: Increase (decrease) in deferred revenue	48)	6)	31)	65)	(12)	26)
After Adjustment
Adjusted net sales	32,412)	31,233)	31,717)	30,182)	28,901)	30,583)

Based on: 10-K (reporting date: 2024-04-26), 10-K (reporting date: 2023-04-28), 10-K (reporting date: 2022-04-29), 10-K (reporting date: 2021-04-30), 10-K (reporting date: 2020-04-24), 10-K (reporting date: 2019-04-26).

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Medtronic PLC, adjusted net income attributable to Medtronic

US$ in millions

12 months ended:	Apr 26, 2024	Apr 28, 2023	Apr 29, 2022	Apr 30, 2021	Apr 24, 2020	Apr 26, 2019
As Reported
Net income attributable to Medtronic	3,676)	3,758)	5,039)	3,606)	4,789)	4,631)
Adjustments
Add: Deferred income tax expense (benefit)¹	(528)	(253)	(611)	(461)	(1,277)	(438)
Add: Increase (decrease) in allowance for doubtful accounts	(3)	(54)	(11)	33)	18)	(3)
Add: Increase (decrease) in deferred revenue	48)	6)	31)	65)	(12)	26)
Add: Increase (decrease) in restructuring reserve	(83)	120)	(36)	34)	(10)	19)
Add: Other comprehensive income (loss), net of tax	178)	(1,234)	1,213)	83)	(851)	(975)
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest	27)	26)	17)	32)	15)	16)
After Adjustment
Adjusted net income	3,315)	2,369)	5,642)	3,392)	2,672)	3,276)

Based on: 10-K (reporting date: 2024-04-26), 10-K (reporting date: 2023-04-28), 10-K (reporting date: 2022-04-29), 10-K (reporting date: 2021-04-30), 10-K (reporting date: 2020-04-24), 10-K (reporting date: 2019-04-26).

¹ Deferred income tax expense (benefit). See details »

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Medtronic PLC (NYSE:MDT)

Adjustments to Financial Statements

Adjustments to Current Assets

Adjustments to Total Assets

Adjustments to Current Liabilities

Adjustments to Total Liabilities

Adjustments to Stockholders’ Equity

Adjustments to Capitalization Table

Adjustments to Revenues

Adjustments to Reported Income