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Medtronic PLC (MDT)
Analysis of Inventory
Difficulty: Advanced
Inventory Accounting Policy
Inventories are stated at the lower of cost or net realizable value, with cost determined on a first-in, first-out basis. Medtronic reduces the carrying value of inventories for items that are potentially excess, obsolete, or slow-moving based on changes in customer demand, technology developments, or other economic factors.
Source: 10-K (filing date: 2019-06-21).
Inventory Disclosure
Medtronic PLC, Statement of Financial Position, Inventory
USD $ in millions
| Apr 26, 2019 | Apr 27, 2018 | Apr 28, 2017 | Apr 29, 2016 | Apr 24, 2015 | Apr 25, 2014 | ||||||||
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Based on: 10-K (filing date: 2019-06-21), 10-K (filing date: 2018-06-22), 10-K (filing date: 2017-06-27), 10-K (filing date: 2016-06-28), 10-K (filing date: 2015-06-23), 10-K (filing date: 2014-06-20).
| Item | Description | The company |
|---|---|---|
| Inventories | Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. | Medtronic PLC’s inventories increased from 2017 to 2018 and from 2018 to 2019. |