Medtronic 2015 Annual Report Download - page 151
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Medtronic plc
Notes to Consolidated Financial Statements (Continued)
Condensed Consolidating Balance Sheet
Fiscal Year Ended April 24, 2015
CIFSA Senior Notes
(in millions)
Parent
Company
Guarantor
(Medtronic
plc)
Subsidiary
Issuer
(CIFSA)
Subsidiary
Guarantors
Subsidiary
Non-
guarantors
Consolidating
Adjustments Total
ASSETS
Current assets:
Cash and cash equivalents $ 263 $ 728 $ 170 $ 3,682 $ — $ 4,843
Investments — — — 14,637 — 14,637
Accounts receivable, net — — — 5,112 — 5,112
Inventories — — — 3,463 — 3,463
Intercompany receivable 259 — 269 20,508 (21,036) —
Tax assets — — — 1,335 — 1,335
Prepaid expenses and other current assets 4 — 6 1,444 — 1,454
Total current assets 526 728 445 50,181 (21,036) 30,844
Property, plant and equipment, net — — 1 4,728 (30) 4,699
Goodwill — — — 40,530 — 40,530
Other intangible assets, net — — — 28,101 — 28,101
Long-term tax assets — — — 774 — 774
Investment in subsidiaries 70,255 7,040 64,335 — (141,630) —
Intercompany loans receivable 3,000 7,401 11,303 6,372 (28,076) —
Other assets — — — 1,737 — 1,737
Total assets $ 73,781 $ 15,169 $ 76,084 $ 132,423 $ (190,772) $ 106,685
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Short-term borrowings $ — $ 1,002 $ — $ 1,432 $ — $ 2,434
Accounts payable — — 2 1,608 — 1,610
Intercompany payable 20,506 — 280 250 (21,036) —
Accrued compensation 1 — — 1,610 — 1,611
Accrued income taxes 41 — — 894 — 935
Deferred tax liabilities 3 — — 116 — 119
Other accrued expenses — 610 1 1,883 (30) 2,464
Total current liabilities 20,551 1,612 283 7,793 (21,066) 9,173
Long-term debt — 4,580 — 29,172 — 33,752
Long-term accrued compensation and retirement
benefits — — — 1,535 — 1,535
Long-term accrued income taxes — — — 2,476 — 2,476
Long-term intercompany loans payable — 8,385 10,002 9,689 (28,076) —
Long-term deferred tax liabilities — — — 4,700 — 4,700
Other long-term liabilities — — — 1,819 — 1,819
Total liabilities 20,551 14,577 10,285 57,184 (49,142) 53,455
Shareholders’ equity 53,230 592 65,799 75,239 (141,630) 53,230
Total liabilities and shareholders’ equity $ 73,781 $ 15,169 $ 76,084 $ 132,423 $ (190,772) $ 106,685
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