Medtronic 2015 Annual Report Download - page 103
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Medtronic plc
Notes to Consolidated Financial Statements (Continued)
The following tables provide information by level for assets and liabilities that are measured at fair value on a recurring basis:
Fair Value
as of
April 24, 2015
Fair Value Measurements
Using Inputs Considered as
(in millions) Level 1 Level 2 Level 3
Assets:
Corporate debt securities $ 6,378 $ — $ 6,377 $ 1
Auction rate securities 105 — — 105
Mortgage-backed securities 1,478 — 1,478 —
U.S. government and agency securities 3,139 1,541 1,598 —
Foreign government and agency securities 85 — 85 —
Certificates of deposit 44 — 44 —
Other asset-backed securities 507 — 507 —
Debt funds 2,930 — 2,930 —
Marketable equity securities 80 80 — —
Exchange-traded funds 77 77 — —
Derivative assets 733 644 89 —
Total assets $ 15,556 $ 2,342 $ 13,108 $ 106
Liabilities:
Derivative liabilities $ 116 $ 45 $ 71 $ —
Contingent consideration associated with acquisitions
subsequent to April 24, 2009 264 — — 264
Total liabilities $ 380 $ 45 $ 71 $ 264
Fair Value
as of
April 25, 2014
Fair Value Measurements
Using Inputs Considered as
(in millions) Level 1 Level 2 Level 3
Assets:
Corporate debt securities $ 5,542 $ — $ 5,533 $ 9
Auction rate securities 97——97
Mortgage-backed securities 1,336 — 1,336 —
U.S. government and agency securities 3,116 1,251 1,865 —
Foreign government and agency securities 67 — 67 —
Certificates of deposit 54 — 54 —
Other asset-backed securities 542 — 542 —
Debt funds 2,123 — 2,123 —
Marketable equity securities 49 49 — —
Exchange-traded funds 67 67 — —
Derivative assets 175 89 86 —
Total assets $ 13,168 $ 1,456 $ 11,606 $ 106
Liabilities:
Derivative liabilities $ 127 $ 116 $ 11 $ —
Contingent consideration associated with acquisitions
subsequent to April 24, 2009 68——68
Total liabilities $ 195 $ 116 $ 11 $ 68
93