Medtronic 2016 Annual Report Download - page 143
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Table of Contents
Medtronic plc
Notes to Consolidated Financial Statements (Continued)
140
Condensed Consolidating Balance Sheet
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 20,506 (21,034) —
Tax assets — — — 1,335 — 1,335
Prepaid expenses and other current
assets 4 — 6 1,444 — 1,454
Total current assets 526 728 445 50,179 (21,034) 30,844
Property, plant and equipment, net — — 1 4,698 — 4,699
Goodwill — — — 40,530 — 40,530
Other intangible assets, net — — — 28,101 — 28,101
Long-term tax assets — — — 774 — 774
Investment in subsidiaries 70,233 28,663 61,768 — (160,664) —
Intercompany loans receivable 3,000 7,401 11,303 17,082 (38,786) —
Other assets — — — 1,737 — 1,737
Total assets $ 73,759 $ 36,792 $ 73,517 $ 143,101 $ (220,484) $ 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 — 279 249 (21,034) —
Accrued compensation 1 — — 1,610 — 1,611
Accrued income taxes 19 — — 916 — 935
Deferred tax liabilities 3 — — 116 — 119
Other accrued expenses — 40 1 2,423 — 2,464
Total current liabilities 20,529 1,042 282 8,354 (21,034) 9,173
Long-term debt — 4,581 — 29,171 — 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 20,399 (38,786) —
Long-term deferred tax liabilities — — — 4,700 — 4,700
Other long-term liabilities — — — 1,819 — 1,819
Total liabilities 20,529 14,008 10,284 68,454 (59,820) 53,455
Shareholders’ equity 53,230 22,784 63,233 74,647 (160,664) 53,230
Total liabilities and
shareholders’ equity $ 73,759 $ 36,792 $ 73,517 $ 143,101 $ (220,484) $ 106,685