Medtronic plc
For the period ended Apr 26, 2024. Filed Jun 20, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Jun 20, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 15. Exhibits and Financial Statement Schedules
| (a) | 1. Financial Statement Schedule |
|---|---|
| Schedule II. Valuation and Qualifying Accounts — fiscal years ended April 26, 2024, April 28, 2023, and April 29, 2022. |
MEDTRONIC PLC AND SUBSIDIARIES
SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS
(in millions)
| Additions · Deductions | |||||||
|---|---|---|---|---|---|---|---|
| Balance atBeginning ofFiscal Year · Charges to Income · Charges to Other Accounts · Other Changes (Debit) Credit · Balanceat End ofFiscal Year | |||||||
| Allowance for doubtful accounts and credit losses: | |||||||
| Fiscal year ended April 26, 2024 | $176 | $90 | $— | $(93)(a) | $173 | ||
| Fiscal year ended April 28, 2023 | 230 | 73 | — | (127)(a) | 176 | ||
| Fiscal year ended April 29, 2022 | 241 | 58 | — | (69)(a) | 230 | ||
| Deferred tax valuation allowance: | |||||||
| Fiscal year ended April 26, 2024 | $11,311 | $1,522 | $3(b) | $(108)(c) | $13,271 | ||
| 545(e) | (2)(d) | ||||||
| Fiscal year ended April 28, 2023 | 6,583 | 4,779 | 39(b) | (63)(c) | 11,311 | ||
| 1(d) | (27)(e) | ||||||
| Fiscal year ended April 29, 2022 | 5,822 | 884 | (19)(d) | (103)(c) | 6,583 | ||
(a) Primarily consists of uncollectible accounts written off, less recoveries.
(b) Reflects the impact from acquisitions.
(c) Primarily reflects carryover attribute utilization and expiration.
(d) Primarily reflects the effects of currency fluctuations.
(e) Primarily reflects the impacts from tax rate changes.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.