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Microsoft Excel LibreOffice Calc

Medtronic PLC (MDT)

Analysis of Inventory

Advanced level

Accounting Policy on Inventory

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, balance sheet: inventory

US$ in millions

Microsoft Excel LibreOffice Calc
Apr 26, 2019 Apr 27, 2018 Apr 28, 2017 Apr 29, 2016 Apr 24, 2015 Apr 25, 2014
Finished goods
Work in-process
Raw materials

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.