Medtronic 2007 Annual Report Download - page 59
Download and view the complete annual report
Please find page 59 of the 2007 Medtronic annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.>ckZcidg^Zh>ckZcidg^ZhVgZhiViZYVii]ZadlZgd[XdhidgbVg`Zi!
l^i]XdhiYZiZgb^cZYdcV[^ghi"^c![^ghi"djiWVh^h#>ckZcidgnWVaVcXZh
VgZVh[daadlh/
April 27, 2007 April 28, 2006
Finished goods $ 753 $ 736
Work in process 209 197
Raw materials 253 244
Total $ 1,215 $ 1,177
EgdeZgin!EaVciVcY:fj^ebZciEgdeZgin!eaVciVcYZfj^ebZci^h
hiViZYViXdhi#6YY^i^dchVcY^begdkZbZcihi]ViZmiZcYi]Za^kZhd[
i]ZVhhZihVgZXVe^iVa^oZYl]^aZZmeZcY^ijgZh[dggZeV^ghVcY
bV^ciZcVcXZVgZZmeZchZYVh^cXjggZY#9ZegZX^Vi^dc^hegdk^YZYjh^c\
i]ZhigV^\]i"a^cZbZi]dYdkZgi]ZZhi^bViZYjhZ[jaa^kZhd[i]ZkVg^djh
VhhZih#EgdeZgin!eaVciVcYZfj^ebZciWVaVcXZhVcYXdggZhedcY^c\
a^kZhVgZVh[daadlh/
April 27,
2007
April 28,
2006
Lives
(in years)
Land and land improvements $ 95 $ 92 Up to 20
Buildings and leasehold
improvements 1,007 955 Up to 40
Equipment 2,784 2,513 3Ð7
Construction in progress 423 234 Ñ
Subtotal 4,309 3,794
Less: Accumulated depreciation (2,247) (1,913)
Property, plant and equipment, net $ 2,062 $ 1,881
9ZegZX^Vi^dcZmeZchZd[)%&!(+.!VcY((*lVhgZXd\c^oZY^c
[^hXVanZVgh'%%,!'%%+!VcY'%%*!gZheZXi^kZan#
<ddYl^aa<ddYl^aa^hi]ZZmXZhhd[ejgX]VhZeg^XZd[VcVXfj^gZY
Zci^indkZgi]ZVbdjcihVhh^\cZYidVhhZihVXfj^gZYVcYa^VW^a^i^Zh
VhhjbZY^cVWjh^cZhhXdbW^cVi^dc#>cVXXdgYVcXZl^i]HiViZbZcid[
;^cVcX^Va6XXdjci^c\HiVcYVgYhH;6HCd#&)'!Æ<ddYl^aaVcYDi]Zg
>ciVc\^WaZ6hhZih!Ç\ddYl^aa^hcdiVbdgi^oZY#<ddYl^aa^hiZhiZY[dg
^beV^gbZciVccjVaanVcYl]ZcVcZkZcidXXjghdgX^gXjbhiVcXZhX]Vc\Z
i]VildjaY^cY^XViZi]ZXVggn^c\VbdjcibVnWZ^beV^gZY#>beV^gbZci
iZhi^c\[dg\ddYl^aa^hYdcZViVgZedgi^c\jc^iaZkZa#6c^beV^gbZci
adhh^hgZXd\c^oZYl]Zci]ZXVggn^c\Vbdjcid[i]ZgZedgi^c\jc^iÉh
cZiVhhZihZmXZZYhi]ZZhi^bViZY[V^gkVajZd[i]ZgZedgi^c\jc^i#I]Z
Zhi^bViZY[V^gkVajZ^hYZiZgb^cZYjh^c\VY^hXdjciZY[jijgZXVh]
[adlh VcVanh^h# I]Z 8dbeVcn XdbeaZiZY ^ih VccjVa \ddYl^aa
^beV^gbZciiZhi^ci]Zi]^gYfjVgiZgd[[^hXVanZVgh'%%,!'%%+!VcY
'%%*VcYYZiZgb^cZYi]Vicd\ddYl^aalVh^beV^gZY#
>ciVc\^WaZ 6hhZih>ciVc\^WaZVhhZih^cXajYZeViZcih!igVYZbVg`h!
VcYejgX]VhZYiZX]cdad\n#>ciVc\^WaZVhhZihl^i]VYZ[^c^iZa^[ZVgZ
Vbdgi^oZYdcVhigV^\]i"a^cZdgVXXZaZgViZYWVh^h!VhVeegdeg^ViZ!l^i]
Zhi^bViZYjhZ[jaa^kZhgVc\^c\[gdb(id'%nZVgh#>ciVc\^WaZVhhZih
l^i]VYZ[^c^iZa^[ZVgZiZhiZY[dg^beV^gbZcil]ZcZkZgZkZcihdg
X^gXjbhiVcXZh^cY^XViZi]ViVXVggn^c\ Vbdjcid[Vc VhhZiVhhZi
\gdjebVncdiWZgZXdkZgVWaZ#>beV^gbZci^hXVaXjaViZYVhi]Z
ZmXZhhd[i]ZVhhZiÉhXVggn^c\kVajZdkZg^ih[V^gkVajZ#;V^gkVajZ^h
\ZcZgVaanYZiZgb^cZYjh^c\VY^hXdjciZY[jijgZXVh][adlhVcVanh^h#
6hd[6eg^a',!'%%,!Vaad[i]Z8dbeVcnÉh^ciVc\^WaZVhhZihVgZYZ[^c^iZ
a^kZYVcYVbdgi^oZYdcVhigV^\]i"a^cZWVh^h#
LVggVcin DWa^\Vi^dcI]Z8dbeVcnd[[ZghVlVggVcindckVg^djh
egdYjXih#I]Z8dbeVcnZhi^bViZhi]Z Xdhihi]Vi bVnWZ ^cXjggZY
jcYZg^ihlVggVci^ZhVcYgZXdgYhVa^VW^a^in^ci]ZVbdjcid[hjX]Xdhih
Vii]Zi^bZi]ZegdYjXi^hhdaY#;VXidghi]ViV[[ZXii]Z8dbeVcnÉh
lVggVcina^VW^a^in^cXajYZi]ZcjbWZgd[jc^ihhdaY!]^hidg^XVaVcY
Vci^X^eViZYgViZhd[lVggVcinXaV^bh!VcYXdhieZgXaV^b#I]Z8dbeVcn
eZg^dY^XVaanVhhZhhZhi]ZVYZfjVXnd[^ihgZXdgYZYlVggVcina^VW^a^i^Zh
VcYVY_jhihi]ZVbdjcihVhcZXZhhVgn#I]ZVbdjcid[i]ZgZhZgkZ
gZXdgYZY^hZfjVaidi]ZXdhihidgZeV^gdgdi]Zgl^hZhVi^h[ni]ZXaV^b#
I]Z8dbeVcn^cXajYZhi]ZXdkZgZYXdhihVhhdX^ViZYl^i][^ZaY
VXi^dch!^[Vcn!^clVggVcinZmeZchZ#
8]Vc\Zh^ci]Z8dbeVcnÉhegdYjXilVggVcindWa^\Vi^dchYjg^c\
i]ZnZVghZcYZY6eg^a',!'%%,VcY6eg^a'-!'%%+Xdch^hiZYd[i]Z
[daadl^c\/
Balance April 29, 2005 $ 43
Warranty claims provision 47
Settlements made (49)
Balance April 28, 2006 41
Warranty claims provision 27
Settlements made (34)
Balance April 27, 2007 $ 34
HZa[">chjgVcXZ>i^hi]Z8dbeVcnÉheda^XnidhZa["^chjgZi]ZkVhi
bV_dg^ind[^ih ^chjgVWaZg^h`h ^cXajY^c\ bZY^XVaVcYYZciVaXdhih!
Y^hVW^a^inXdkZgV\Z!e]nh^XVaadhhidegdeZgin!Wjh^cZhh^ciZggjei^dch!
ldg`ZghÉXdbeZchVi^dc!XdbegZ]Zch^kZ\ZcZgVa!Y^gZXidgVcYd[[^XZg
VcYegdYjXia^VW^a^in#>chjgVcXZXdkZgV\Z^hdWiV^cZY[dgi]dhZg^h`h
gZfj^gZYidWZ^chjgZYWnaVldgXdcigVXi#6egdk^h^dc[dgadhhZhjcYZg
i]ZhZa["^chjgZYegd\gVb^hgZXdgYZYVcYgZk^hZYfjVgiZgan#I]Z
8dbeVcnjhZhXaV^bhYViVVcY]^hidg^XVaZmeZg^ZcXZ!VhVeea^XVWaZ!id
Zhi^bViZa^VW^a^i^ZhVhhdX^ViZYl^i]i]ZZmedhjgZhi]Vii]Z8dbeVcn
]VhhZa["^chjgZY#7VhZYdc]^hidg^XVaadhhigZcYh!i]Z8dbeVcnWZa^ZkZh
BZYigdc^X!>cX#**