Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Medtronic PLC, consolidated balance sheet: assets

US$ in millions

	Apr 28, 2023	Apr 29, 2022	Apr 30, 2021	Apr 24, 2020	Apr 26, 2019	Apr 27, 2018
Cash and cash equivalents	1,543)	3,714)	3,593)	4,140)	4,393)	3,669)
Investments	6,416)	6,859)	7,224)	6,808)	5,455)	7,558)
Accounts receivable, less allowances and credit losses	5,998)	5,551)	5,462)	4,645)	6,222)	5,987)
Inventories, net	5,293)	4,616)	4,313)	4,229)	3,753)	3,579)
Other current assets	2,425)	2,319)	1,956)	2,209)	2,144)	2,187)
Current assets	21,675)	23,059)	22,548)	22,031)	21,967)	22,980)
Property, plant, and equipment, net	5,569)	5,413)	5,221)	4,828)	4,675)	4,604)
Goodwill	41,425)	40,502)	41,961)	39,841)	39,959)	39,543)
Other intangible assets, net	14,844)	15,595)	17,740)	19,063)	20,560)	21,723)
Tax assets	3,477)	3,403)	3,169)	2,832)	1,519)	1,465)
Other assets	3,958)	3,009)	2,444)	2,094)	1,014)	1,078)
Noncurrent assets	69,273)	67,922)	70,535)	68,658)	67,727)	68,413)
Total assets	90,948)	90,981)	93,083)	90,689)	89,694)	91,393)

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).

Assets: Selected Items

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Balance sheet item	Description	The company
Current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Medtronic PLC current assets increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Property, plant, and equipment, net	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Medtronic PLC property, plant, and equipment, net increased from 2021 to 2022 and from 2022 to 2023.
Noncurrent assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.	Medtronic PLC noncurrent assets decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.
Total assets	Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Medtronic PLC total assets decreased from 2021 to 2022 and from 2022 to 2023.

Current Assets: Selected Items

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Balance sheet item	Description	The company
Cash and cash equivalents	Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.	Medtronic PLC cash and cash equivalents increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Investments	Amount of investment in marketable security, classified as current.	Medtronic PLC investments decreased from 2021 to 2022 and from 2022 to 2023.
Accounts receivable, less allowances and credit losses	Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.	Medtronic PLC accounts receivable, less allowances and credit losses increased from 2021 to 2022 and from 2022 to 2023.
Inventories, net	Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.	Medtronic PLC inventories, net increased from 2021 to 2022 and from 2022 to 2023.

Medtronic PLC (NYSE:MDT)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items