Item 15. Exhibits and Financial Statement Schedules
57K characters. Original on sec.gov · Markdown
Item 15. Exhibits and Financial Statement Schedules
| (a) | 1. Financial Statement Schedules | ||||
| Schedule II. Valuation and Qualifying Accounts — years ended April 29, 2022, April 30, 2021, and April 24, 2020. | |||||
MEDTRONIC PLC AND SUBSIDIARIES
SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS
(in millions)
| Additions | Deductions | ||||||||||||||||||||||||||||
| Balance at Beginning of Fiscal Year | Charges to Income | Charges to Other Accounts | Other Changes (Debit) Credit | Balance at End of Fiscal Year | |||||||||||||||||||||||||
| Allowance for doubtful accounts: | |||||||||||||||||||||||||||||
| Fiscal year ended April 29, 2022 | $ | 241 | $ | 58 | $ | — | $ | (69) | (a) | $ | 230 | ||||||||||||||||||
| Fiscal year ended April 30, 2021 | 208 | 128 | — | (95) | (a) | 241 | |||||||||||||||||||||||
| Fiscal year ended April 24, 2020 | 190 | 99 | — | (81) | (a) | 208 | |||||||||||||||||||||||
| Inventory reserve: | |||||||||||||||||||||||||||||
| Fiscal year ended April 29, 2022 | $ | 629 | $ | 156 | $ | — | $ | (157) | (b) | $ | 628 | ||||||||||||||||||
| Fiscal year ended April 30, 2021 | 544 | 483 | — | (398) | (b) | 629 | |||||||||||||||||||||||
| Fiscal year ended April 24, 2020 | 521 | 282 | — | (259) | (b) | 544 | |||||||||||||||||||||||
| Deferred tax valuation allowance: | |||||||||||||||||||||||||||||
| Fiscal year ended April 29, 2022 | $ | 5,822 | $ | 884 | $ | (19) | (e) | $ | (103) | (d) | $ | 6,583 | |||||||||||||||||
| Fiscal year ended April 30, 2021 | 5,482 | 342 | 170 | (e) | (172) | (d) | 5,822 | ||||||||||||||||||||||
| Fiscal year ended April 24, 2020 | 6,300 | 119 | (6) | (c) | (744) | (d) | 5,482 | ||||||||||||||||||||||
| (187) | (e) |
| (a) Primarily consists of uncollectible accounts written off, less recoveries. | |||||
| (b) Primarily reflects utilization of the inventory reserve. | |||||
| (c) Reflects the impact from acquisitions and amounts recognized in accumulated other comprehensive income/loss. | |||||
| (d) Primarily reflects carryover attribute utilization and expiration. | |||||
| (e) Primarily reflects the effects of currency fluctuations. |
| All other schedules are omitted because they are not applicable or the required information is shown in the financial statements or notes thereto. | |||||||||||||||||
| 2. Exhibits |
| *Exhibits that are management contracts or compensatory plans or arrangements. | ||||||||
| #Filed herewith | ||||||||
Previous: Item 14. Principal Accounting Fees and Services · Next: Item 16. Form 10-K Summary
Sponsor Sponsor this sector. One slot per industry, shown on every filing in it. Details