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 28, 2023	Apr 29, 2022	Apr 30, 2021	Apr 24, 2020	Apr 26, 2019	Apr 27, 2018
As Reported
Current assets	21,675)	23,059)	22,548)	22,031)	21,967)	22,980)
Adjustments
Add: Allowance for doubtful accounts	176)	230)	241)	208)	190)	193)
After Adjustment
Adjusted current assets	21,851)	23,289)	22,789)	22,239)	22,157)	23,173)

Based on: 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), 10-K (reporting date: 2018-04-27).

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Medtronic PLC, adjusted total assets

US$ in millions

	Apr 28, 2023	Apr 29, 2022	Apr 30, 2021	Apr 24, 2020	Apr 26, 2019	Apr 27, 2018
As Reported
Total assets	90,948)	90,981)	93,083)	90,689)	89,694)	91,393)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	553)	671)
Add: Allowance for doubtful accounts	176)	230)	241)	208)	190)	193)
Less: Deferred tax assets²	3,388)	3,336)	3,114)	2,782)	1,469)	1,406)
After Adjustment
Adjusted total assets	87,736)	87,875)	90,210)	88,115)	88,968)	90,851)

Based on: 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), 10-K (reporting date: 2018-04-27).

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 28, 2023	Apr 29, 2022	Apr 30, 2021	Apr 24, 2020	Apr 26, 2019	Apr 27, 2018
As Reported
Current liabilities	9,051)	12,394)	8,509)	10,366)	8,472)	10,084)
Adjustments
Less: Deferred revenue (included in Other accrued expenses)	314)	305)	276)	213)	211)	196)
After Adjustment
Adjusted current liabilities	8,737)	12,089)	8,233)	10,153)	8,261)	9,888)

Based on: 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), 10-K (reporting date: 2018-04-27).

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Medtronic PLC, adjusted total liabilities

US$ in millions

	Apr 28, 2023	Apr 29, 2022	Apr 30, 2021	Apr 24, 2020	Apr 26, 2019	Apr 27, 2018
As Reported
Total liabilities	39,283)	38,260)	41,481)	39,817)	39,482)	40,571)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	553)	671)
Less: Deferred tax liabilities²	708)	884)	1,028)	1,174)	1,278)	1,423)
Less: Deferred revenue	405)	399)	368)	303)	315)	289)
Less: Restructuring reserve	230)	110)	146)	112)	186)	167)
After Adjustment
Adjusted total liabilities	37,940)	36,867)	39,939)	38,228)	38,256)	39,363)

Based on: 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), 10-K (reporting date: 2018-04-27).

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 28, 2023	Apr 29, 2022	Apr 30, 2021	Apr 24, 2020	Apr 26, 2019	Apr 27, 2018
As Reported
Shareholders’ equity	51,483)	52,551)	51,428)	50,737)	50,091)	50,720)
Adjustments
Less: Net deferred tax assets (liabilities)¹	2,680)	2,452)	2,086)	1,608)	191)	(17)
Add: Allowance for doubtful accounts	176)	230)	241)	208)	190)	193)
Add: Deferred revenue	405)	399)	368)	303)	315)	289)
Add: Restructuring reserve	230)	110)	146)	112)	186)	167)
Add: Noncontrolling interests	182)	171)	174)	135)	121)	102)
After Adjustment
Adjusted total equity	49,796)	51,009)	50,271)	49,887)	50,712)	51,488)

Based on: 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), 10-K (reporting date: 2018-04-27).

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

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Medtronic PLC, adjusted capitalization table

US$ in millions

	Apr 28, 2023	Apr 29, 2022	Apr 30, 2021	Apr 24, 2020	Apr 26, 2019	Apr 27, 2018
As Reported
Current debt obligations	20)	3,742)	11)	2,776)	838)	2,058)
Long-term debt	24,344)	20,372)	26,378)	22,021)	24,486)	23,699)
Total reported debt	24,364)	24,114)	26,389)	24,797)	25,324)	25,757)
Shareholders’ equity	51,483)	52,551)	51,428)	50,737)	50,091)	50,720)
Total reported capital	75,847)	76,665)	77,817)	75,534)	75,415)	76,477)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	553)	671)
Add: Operating lease current liability (classified in Other accrued expenses)²	180)	167)	186)	171)	—)	—)
Add: Operating lease non-current liability (classified in Other liabilities)³	869)	703)	829)	774)	—)	—)
Adjusted total debt	25,413)	24,984)	27,404)	25,742)	25,877)	26,428)
Adjustments to Equity
Less: Net deferred tax assets (liabilities)⁴	2,680)	2,452)	2,086)	1,608)	191)	(17)
Add: Allowance for doubtful accounts	176)	230)	241)	208)	190)	193)
Add: Deferred revenue	405)	399)	368)	303)	315)	289)
Add: Restructuring reserve	230)	110)	146)	112)	186)	167)
Add: Noncontrolling interests	182)	171)	174)	135)	121)	102)
Adjusted total equity	49,796)	51,009)	50,271)	49,887)	50,712)	51,488)
After Adjustment
Adjusted total capital	75,209)	75,993)	77,675)	75,629)	76,589)	77,916)

Based on: 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), 10-K (reporting date: 2018-04-27).

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 28, 2023	Apr 29, 2022	Apr 30, 2021	Apr 24, 2020	Apr 26, 2019	Apr 27, 2018
As Reported
Net sales	31,227)	31,686)	30,117)	28,913)	30,557)	29,953)
Adjustment
Add: Increase (decrease) in deferred revenue	6)	31)	65)	(12)	26)	—)
After Adjustment
Adjusted net sales	31,233)	31,717)	30,182)	28,901)	30,583)	29,953)

Based on: 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), 10-K (reporting date: 2018-04-27).

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Medtronic PLC, adjusted net income attributable to Medtronic

US$ in millions

12 months ended:	Apr 28, 2023	Apr 29, 2022	Apr 30, 2021	Apr 24, 2020	Apr 26, 2019	Apr 27, 2018
As Reported
Net income attributable to Medtronic	3,758)	5,039)	3,606)	4,789)	4,631)	3,104)
Adjustments
Add: Deferred income tax expense (benefit)¹	(253)	(611)	(461)	(1,277)	(438)	(1,115)
Add: Increase (decrease) in allowance for doubtful accounts	(54)	(11)	33)	18)	(3)	38)
Add: Increase (decrease) in deferred revenue	6)	31)	65)	(12)	26)	—)
Add: Increase (decrease) in restructuring reserve	120)	(36)	34)	(10)	19)	(124)
Add: Other comprehensive income (loss), net of tax	(1,234)	1,213)	83)	(851)	(975)	1,030)
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest	26)	17)	32)	15)	16)	(9)
After Adjustment
Adjusted net income	2,369)	5,642)	3,392)	2,672)	3,276)	2,924)

Based on: 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), 10-K (reporting date: 2018-04-27).

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