Balance Sheet: Assets
Quarterly Data

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 (quarterly data)

US$ in millions

	Jul 25, 2025	Apr 25, 2025	Jan 24, 2025	Oct 25, 2024	Jul 26, 2024	Apr 26, 2024	Jan 26, 2024	Oct 27, 2023	Jul 28, 2023	Apr 28, 2023	Jan 27, 2023	Oct 28, 2022	Jul 29, 2022	Apr 29, 2022	Jan 28, 2022	Oct 29, 2021	Jul 30, 2021	Apr 30, 2021	Jan 29, 2021	Oct 30, 2020	Jul 31, 2020	Apr 24, 2020	Jan 24, 2020	Oct 25, 2019	Jul 26, 2019
Cash and cash equivalents	1,273)	2,218)	1,240)	1,394)	1,311)	1,284)	1,623)	1,311)	1,339)	1,543)	4,521)	4,828)	2,140)	3,714)	3,479)	2,900)	3,004)	3,593)	5,077)	6,420)	6,499)	4,140)	3,709)	3,962)	5,080)
Investments	6,848)	6,747)	6,682)	6,595)	6,532)	6,721)	6,698)	6,423)	6,537)	6,416)	6,616)	6,602)	6,733)	6,859)	7,742)	7,769)	7,591)	7,224)	9,562)	7,857)	6,513)	6,808)	7,919)	6,436)	5,603)
Accounts receivable, less allowances and credit losses	6,263)	6,515)	6,115)	6,260)	6,011)	6,128)	5,968)	5,934)	5,806)	5,998)	5,887)	5,626)	5,308)	5,551)	5,446)	5,493)	5,431)	5,462)	5,215)	5,348)	4,876)	4,645)	6,248)	6,118)	5,894)
Inventories	5,886)	5,476)	5,610)	5,479)	5,414)	5,217)	5,726)	5,754)	5,668)	5,293)	5,375)	5,055)	4,809)	4,616)	4,514)	4,349)	4,288)	4,313)	4,508)	4,484)	4,551)	4,229)	4,122)	4,042)	3,932)
Other current assets	2,953)	2,858)	2,866)	2,710)	2,679)	2,585)	2,498)	2,659)	2,519)	2,425)	2,965)	3,287)	3,145)	2,319)	2,122)	2,220)	2,120)	1,956)	1,985)	1,927)	2,070)	2,209)	2,045)	2,095)	2,196)
Current assets	23,223)	23,814)	22,513)	22,438)	21,947)	21,935)	22,513)	22,081)	21,869)	21,675)	25,364)	25,398)	22,135)	23,059)	23,303)	22,731)	22,434)	22,548)	26,347)	26,036)	24,509)	22,031)	24,043)	22,653)	22,705)
Property, plant, and equipment, net	7,006)	6,837)	6,593)	6,438)	6,282)	6,131)	5,838)	5,735)	5,665)	5,569)	5,437)	5,298)	5,281)	5,413)	5,251)	5,188)	5,162)	5,221)	5,023)	4,938)	4,882)	4,828)	4,764)	4,756)	4,711)
Goodwill	42,007)	41,737)	40,819)	41,161)	41,084)	40,986)	41,160)	40,821)	41,436)	41,425)	41,565)	40,417)	40,324)	40,502)	41,346)	41,612)	41,720)	41,961)	42,141)	41,212)	40,714)	39,841)	40,091)	39,952)	40,082)
Other intangible assets, net	11,223)	11,667)	12,184)	12,423)	12,819)	13,225)	13,690)	14,060)	14,434)	14,844)	15,265)	15,655)	15,775)	15,595)	16,078)	16,523)	16,890)	17,740)	18,240)	18,412)	18,670)	19,063)	19,456)	19,775)	20,234)
Tax assets	3,929)	4,040)	3,614)	3,572)	3,554)	3,657)	3,599)	3,428)	3,461)	3,477)	3,361)	3,350)	3,311)	3,403)	3,309)	3,203)	3,187)	3,169)	3,310)	3,176)	2,988)	2,832)	2,272)	1,804)	1,545)
Other assets	3,584)	3,585)	4,250)	4,010)	4,063)	4,047)	4,036)	3,962)	3,911)	3,958)	3,142)	3,123)	3,088)	3,009)	2,517)	2,499)	2,409)	2,444)	2,209)	2,112)	2,143)	2,094)	2,196)	2,113)	1,991)
Noncurrent assets	67,749)	67,866)	67,460)	67,604)	67,802)	68,046)	68,323)	68,006)	68,907)	69,273)	68,770)	67,843)	67,779)	67,922)	68,501)	69,025)	69,368)	70,535)	70,923)	69,850)	69,397)	68,658)	68,779)	68,400)	68,563)
Total assets	90,972)	91,680)	89,973)	90,042)	89,749)	89,981)	90,836)	90,087)	90,776)	90,948)	94,134)	93,241)	89,914)	90,981)	91,804)	91,756)	91,802)	93,083)	97,270)	95,886)	93,906)	90,689)	92,822)	91,053)	91,268)

Cash and Cash Equivalents: Cash and cash equivalents exhibit significant volatility throughout the periods, peaking notably around July and October 2020, surpassing 6,000 million USD, followed by a marked decline reaching lows near 1,300 million USD in early 2023 and mid-2024. A general downward trend is observed in recent quarters, indicating fluctuating liquidity positions.
Investments: Investments maintain a relatively stable range between approximately 5,600 million USD and 9,500 million USD, with peaks during late 2020 and early 2021. The figures exhibit moderate fluctuations but tend to settle around 6,500 to 6,800 million USD in the latest quarters, suggesting consistent investment levels.
Accounts Receivable, Net: Accounts receivable, net of allowances, show moderate growth over the entire timeline, increasing from around 5,800 million USD to over 6,200 million USD. Some fluctuations occur, with a noticeable dip in the first quarter of 2020, potentially linked to external factors impacting receivables.
Inventories: Inventories demonstrate a steady upward trajectory, growing from roughly 3,900 million USD to nearly 5,900 million USD. The increase appears consistent, reflecting either accumulation of stock or growth in business operations requiring greater inventory holdings.
Other Current Assets: Other current assets have a mildly increasing pattern, rising from about 2,200 million USD to nearly 3,000 million USD over the periods, with occasional fluctuations. A notable increase occurs around mid-2022, suggesting changes in asset composition or recognition.
Current Assets: The total current assets remain relatively stable with minor cycles, oscillating generally between 21,000 million USD and 26,000 million USD. Peaks appear around mid to late 2020 and late 2022, while dips are seen in early 2023 and mid-2024, timing consistent with movements in cash and inventories.
Property, Plant, and Equipment, Net: Property, plant, and equipment show a consistent increasing trend, growing from roughly 4,700 million USD to over 7,000 million USD. This steady growth suggests ongoing capital expenditures and investment in fixed assets.
Goodwill: Goodwill remains relatively stable, fluctuating in a narrow band between about 39,000 million USD and 42,000 million USD. Small variations likely reflect acquisition activity or periodic impairment adjustments without large-scale changes.
Other Intangible Assets, Net: Other intangible assets, net, follow a pronounced downward trend from approximately 20,200 million USD to around 11,200 million USD, indicating amortization or impairment over time. Declines are consistent and gradual, reflecting systematic reduction of intangible asset values.
Tax Assets: Tax assets demonstrate growth from about 1,500 million USD to just over 4,000 million USD. The increase is steady with some fluctuations, pointing to a rising deferred tax asset component on the balance sheet.
Other Assets: Other assets show an overall increasing pattern, rising from approximately 2,000 million USD to about 3,500 million USD, with some variations in between. There is a notable peak around early 2023, which may correspond to one-time recognition events or accruals.
Noncurrent Assets: Noncurrent assets are generally stable, moving in a range from roughly 68,000 million USD to almost 70,000 million USD. Minor fluctuations appear, with no strong directional trend, suggesting consistent long-term asset values with slight periodic adjustments.
Total Assets: Total assets fluctuate around the 90,000 million USD mark, ranging from about 90,000 million USD to 94,000 million USD. The overall asset base remains largely steady despite short-term swings, indicating balanced asset management over the observed intervals.

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Medtronic PLC (NYSE:MDT)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data