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Medtronic Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Medtronic holds $91.5B in total assets. Shareholders' equity is $49.0B against $28.1B in total debt. Cash and equivalents total $1.1B. The current ratio is 2.54 and debt-to-equity is 0.574. Based on the Q1 2026 filing.

Total Assets$91.5BTotal Stockholders Equity$49.0BLong Term Debt$27.9BCash And Equivalents$1.1BTotal Current Assets$24.1BTotal Current Liabilities$9.5B
Latest FilingQ1 2026
Report Date2026-02-24
Market Cap$100.91B
P/E Ratio21.88
ROE9.38%

Current Liabilities

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Accounts payable$2.4B$2.3B$2.4B$2.6B$2.6B$2.6B
Accrued compensation$1.9B$2.3B$2.5B$2.0B$2.1B$2.6B
Accrued Contingent Liabilities$200.0M$200.0M$400.0M$200.0M$200.0M$200.0M
Contract liabilities$467.0M$462.0M$446.0M$442.0M$451.0M$468.0M
Accrued Income Taxes, Current$947.0M$1.1B$1.4B$933.0M$650.0M$650.0M
Other accrued liabilities$3.3B$3.5B$3.7B$3.6B$3.2B$3.5B
Current portion of long-term debt$3.7B$2.6B$2.9B$2.4B$1.4B$191.0M
Deferred revenue$400.0M$400.0M—$400.0M$300.0M$400.0M
Derivative Liabilities - Fair Value$110.0M$79.0M$97.0M$523.0M$349.0M$388.0M
Derivative Liabilities - Not Offset Policy Election Deduction——$195.0M———
Derivative Liabilities Offset——$195.0M———
Derivative liabilities——$97.0M———
Finance Lease Liability, Current——$6.0M———
Income taxes payable$947.0M$1.1B$1.4B$933.0M$650.0M$650.0M
Note payable to DIRECTV$3.3B$3.5B$3.7B$3.6B$3.2B$3.5B
Other current liabilities———$1.2B$1.3B$1.3B
Total current liabilities$12.2B$11.8B$12.9B$11.5B$9.9B$9.5B

Current Assets

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Accounts receivable, net$6.3B$6.1B$6.5B$6.3B$6.4B$6.4B
Available-for-Sale Debt Securities - Amortized Cost$6.7B$6.8B$6.8B$6.9B$7.0B$7.3B
Available-for-Sale Debt Securities - Amortized Cost (Due Within One Year)$1.5B$1.6B—$1.4B$1.6B$1.6B
Available-for-Sale Debt Securities - Unrealized Loss Position (>=12 Months)$3.1B$3.3B$3.0B$2.4B$1.4B$1.9B
AFS and Trading Securities - Unrealized Loss Position (>=12 Months)$3.1B$3.3B$3.0B$2.4B$1.4B$1.9B
AFS and Trading Securities - Unrealized Loss Position (<12 Months) Fair Value$782.0M$852.0M$814.0M$735.0M$760.0M$749.0M
Available-for-Sale Debt Securities - Unrealized Loss Position (<12 Months)$782.0M$852.0M$814.0M$735.0M$760.0M$749.0M
AFS and Trading Securities - Unrealized Loss Position (>=12 Months) Fair Value$3.1B$3.3B$3.0B$2.4B$1.4B$1.9B
AFS and Trading Securities - Unrealized Loss Position (<12 Months) Fair Value$782.0M$852.0M$814.0M$735.0M$760.0M$749.0M
Allowance for Doubtful Accounts$195.0M$204.0M$199.0M$204.0M$200.0M$207.0M
Allowance for Doubtful Accounts Receivable (Current)$195.0M$204.0M$199.0M$204.0M$200.0M$207.0M
Cash and cash equivalents$1.4B$1.2B$2.2B$1.3B$1.3B$1.1B
Finished goods$3.7B$3.7B$3.8B$4.0B$4.2B$4.2B
Other current assets$2.7B$2.9B$2.9B$3.0B$3.1B$3.0B
Derivative Assets - Fair Value$589.0M$980.0M$334.0M$335.0M$466.0M$536.0M
Derivative Assets - Net Reduction from Master Netting Arrangements$107.0M$79.0M—$181.0M$186.0M$204.0M
Derivative assets$589.0M$980.0M$334.0M$335.0M$466.0M$536.0M
Trading assets$1.5B$1.6B—$1.4B$1.6B$1.5B
Finished goods$3.7B$3.7B$3.8B$4.0B$4.2B$4.2B
Raw materials$1.0B$1.1B$953.0M$1.1B$1.1B$1.2B
Work in process$728.0M$782.0M$744.0M$792.0M$853.0M$883.0M
Inventories$5.5B$5.6B$5.5B$5.9B$6.2B$6.3B
Net Cash Collateral Received - Derivative Instruments$52.0M$271.0M$125.0M———
Prepaid expenses and other current assets$2.7B$2.9B$2.9B$3.0B$3.1B$3.0B
Short-term investments$6.6B$6.7B$6.7B$6.8B$7.0B$7.2B
Total current assets$22.4B$22.5B$23.8B$23.2B$24.0B$24.1B
Trading Securities in Marketable Securities—$809.0M$705.0M$697.0M$671.0M$730.0M

Equity

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Additional paid-in capital$20.8B$20.9B$20.8B$20.9B$20.9B$21.0B
AFS and Trading Securities - Unrealized Loss Position (>=12 Months) Accumulated Loss$128.0M$125.0M$91.0M$75.0M$48.0M$47.0M
Accumulated other comprehensive income (loss)-$3.3B-$2.8B-$4.3B-$4.6B-$4.3B-$4.3B
Common stock2.6B2.6B2.6B2.6B2.6B2.6B
Common Stock Par Value Per Share$0.00$0.00$0.00$0.00$0.00$0.00
Common Stock Shares Issued1.3B1.3B1.3B1.3B1.3B1.3B
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March&#160;31, 2026 and December&#160;31, 2025, respectively$0.0$0.0$0.0$0.0$0.0$0.0
Noncontrolling interests$222.0M$228.0M$232.0M$240.0M$204.0M$211.0M
Retained earnings$30.9B$31.3B$31.5B$31.6B$32.1B$32.3B
Total liabilities and stockholders' equity$90.0B$90.0B$91.7B$91.0B$91.3B$91.5B
Total stockholders' equity$48.5B$49.4B$48.0B$47.9B$48.7B$49.0B
Unrealized Gains on Investments$22.0M$15.0M$26.0M$33.0M$72.0M$54.0M
Unrealized Losses on Investments (Before Tax)$138.0M$134.0M$100.0M$84.0M$57.0M$55.0M

Non-Current Assets

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Available-for-Sale Debt Securities - Fair Value (Maturing 1 to 5 Years)$3.3B$3.3B—$3.0B$2.9B$3.1B
Deferred tax assets$473.0M$452.0M$403.0M$416.0M$386.0M$365.0M
Deferred Tax Assets and Other Non-Current Assets$4.0B$4.3B$3.6B$3.6B$3.7B$4.0B
Equity method investments—$809.0M$705.0M$697.0M$671.0M$730.0M
Equity Securities (FV-NI) - Non-Current—$311.0M$140.0M$50.0M$57.0M$50.0M
Equity Securities Without Readily Determinable Fair Value - Cumulative Downward Adjustments—$809.0M$705.0M$697.0M$671.0M$730.0M
Equity Securities (Non-Current)—$311.0M$140.0M$50.0M$57.0M$50.0M
Available-for-sale securities$3.2B$3.2B—$3.0B$2.9B$3.1B
Total investments—$311.0M$140.0M$50.0M$57.0M$50.0M
Finite-Lived Intangible Assets - Expected Amortization Expense (Year One)$1.5B$1.5B—$1.3B$1.3B$1.3B
Finite Lived Intangible Assets - Gross$28.9B$29.0B$28.9B$29.0B$29.0B$29.0B
Goodwill$41.2B$40.8B$41.7B$42.0B$41.8B$41.9B
Equity securities$311.0M$311.0M$140.0M$50.0M$57.0M$50.0M
Intangible assets, net$12.4B$12.2B$11.7B$11.2B$10.8B$10.3B
Investments - Amortized Cost Basis—$809.0M$705.0M$697.0M$671.0M$730.0M
Deferred tax assets$3.6B$3.6B$4.0B$3.9B$3.9B$4.0B
Other intangible assets&#8212;net$12.4B$12.2B$11.7B$11.2B$10.8B$10.3B
Other non-current assets$4.0B$4.3B$3.6B$3.6B$3.7B$4.0B
Short-term investment securities (includes restricted investments of consolidated variable interest entities: 2026, $85; 2025, $84)$6.6B$6.7B$6.7B$6.8B$7.0B$7.2B
Other non-current assets$4.0B$4.3B$3.6B$3.6B$3.7B$4.0B
Accumulated depreciation$16.7B$17.1B$17.5B$18.0B$18.5B$18.9B
Property and equipment, net$6.4B$6.6B$6.8B$7.0B$7.2B$7.2B
Software and Technology Licenses, Net$4.0B$4.3B$3.6B$3.6B$3.7B$4.0B
Total assets$90.0B$90.0B$91.7B$91.0B$91.3B$91.5B

Non-Current Liabilities

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Debt Maturity - 5 to 10 Years$749.0M$778.0M—$1.1B$1.2B$1.2B
Debt Maturity - Over 10 Years$1.1B$1.2B—$1.3B$1.4B$1.4B
Debt - Unamortized Discount (Premium) and Issuance Costs, Net$125.0M$121.0M$117.0M$113.0M$122.0M$118.0M
Defined Benefit Pension Plan Liabilities (Non-Current)$1.1B$1.1B$1.2B$1.2B$1.2B$1.2B
Finance lease liabilities$50.0M$50.0M$52.0M$51.0M$55.0M$58.0M
Long-term debt$24.6B$24.0B$25.6B$26.2B$27.7B$27.9B
Long-Term Debt and Finance Lease Obligations$24.6B$24.0B$25.6B$26.2B$27.7B$27.9B
Liability For Uncertain Tax Positions Noncurrent$2.0B—$1.9B——$2.0B
Retirement and nonpension postretirement benefit obligations$1.1B$1.1B$1.2B$1.2B$1.2B$1.2B
Other non-current liabilities$1.5B$1.5B$1.8B$1.8B$1.8B$1.8B
Secured Borrowings Cash Right to Reclaim——$125.0M———
Total liabilities$41.3B$40.4B$43.4B$42.8B$42.5B$42.3B
Unrecognized Tax Benefits$2.9B$2.9B$2.9B$2.9B$2.9B$2.9B
Unrecognized Tax Benefits - Impacting Effective Tax Rate$2.7B$2.7B—$2.7B$2.7B$2.7B
Unrecognized Tax Benefits - Income Tax Penalties and Interest Accrued$45.0M$63.0M$74.0M$99.0M$50.0M$36.0M

Other

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Fair Value Measurement Disclosure$110.0M$79.0M$417.0M$523.0M$349.0M$388.0M
Gross Assets/Liabilities$110.0M$79.0M$417.0M$523.0M$349.0M$388.0M
Income taxes payable &#8211; long-term$1.4B$1.5B$1.6B$1.7B$1.5B$1.6B
Allowance for doubtful accounts$195.0M$204.0M$199.0M$204.0M$200.0M$207.0M
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax$138.0M$134.0M$100.0M$84.0M$57.0M$55.0M
Gross Unrealized Gains$22.0M$15.0M$26.0M$33.0M$72.0M$54.0M
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10$750.0M$784.0M—$1.1B$1.1B$1.2B
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10$749.0M$778.0M—$1.1B$1.2B$1.2B
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five$3.3B$3.3B—$3.0B$2.9B$3.1B
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five$3.2B$3.2B—$3.0B$2.9B$3.1B
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 10$1.1B$1.2B—$1.3B$1.4B$1.4B
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10$1.1B$1.2B—$1.3B$1.4B$1.4B
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One$1.5B$1.6B—$1.4B$1.6B$1.6B
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One$1.5B$1.6B—$1.4B$1.6B$1.5B
Common stock, par value (in dollars per share)$0.0$0.0$0.0$0.0$0.0$0.0
Common stock, shares authorized (in shares)$2.6B$2.6B$2.6B$2.6B$2.6B$2.6B
Common stock, shares issued (in shares)$1.3B$1.3B$1.3B$1.3B$1.3B$1.3B
Common Stock, Shares, Outstanding$1.3B$1.3B$1.3B$1.3B$1.3B$1.3B
Contract with Customer, Liability$467.0M$462.0M$446.0M$442.0M$451.0M$468.0M
Short-term debt and current portion of long-term debt$3.7B$2.6B$2.9B$2.4B$1.4B$191.0M
Debt Instrument, Unamortized Discount (Premium), Net$56.0M$51.0M$59.0M$61.0M$59.0M$58.0M
Cost or Amortized Cost$6.7B$6.8B—$6.9B$7.0B$7.3B
Debt Securities, Available-for-Sale, Amortized Cost, Excluding Accrued Interest, after Allowance for Credit Loss$6.7B$6.8B$6.8B$6.9B$7.0B$7.3B
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss$128.0M$125.0M$91.0M$75.0M$48.0M$47.0M
Less than 12 months$782.0M$852.0M$814.0M$735.0M$760.0M$749.0M
12 months or more$3.1B$3.3B$3.0B$2.4B$1.4B$1.9B
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss$10.0M$9.0M$9.0M$9.0M$10.0M$7.0M
Estimated Fair Value$6.6B$6.7B$6.8B$6.9B$7.1B$7.3B
Deferred income taxes$473.0M$452.0M$403.0M$416.0M$386.0M$365.0M
Derivative Asset (Liability), Fair Value, Gross Asset (Liability)$479.0M$901.0M-$84.0M-$188.0M$117.0M$149.0M
Derivative Assets and Liabilities, Net, Collateral, Obligation to Return Cash$52.0M$271.0M-$125.0M-$194.0M-$87.0M-$115.0M
Derivative Assets and Liabilities, Net, Not Offset, Policy Election Deduction$0.0$0.0$0.0$0.0$0.0$0.0
Derivative, Fair Value, Amount Offset Against Collateral, Net$428.0M$629.0M$42.0M$6.0M$204.0M$264.0M
Derivative, gross, assets$589.0M$980.0M$334.0M$335.0M$466.0M$536.0M
Derivative Asset, Including Not Subject to Master Netting Arrangement, after Offset and Deduction$432.0M$629.0M—$154.0M$280.0M$333.0M
Derivatives, gross, liabilities$110.0M$79.0M$417.0M$523.0M$349.0M$388.0M
Derivative Liability, Including Not Subject to Master Netting Arrangement, after Offset and Deduction——$97.0M———
Derivative Liability$110.0M$79.0M$417.0M$523.0M$349.0M$388.0M
Potential reduction in net position of total derivative liabilities——$195.0M———
Equity method investments (Note 11)—$77.0M$89.0M$83.0M$83.0M$79.0M
Equity Securities, FV-NI, Equity Securities Without Readily Determinable Fair Value, And Equity Method Investments—$1.2B$951.0M$850.0M$851.0M$1.0B
Trading securities, cost—$809.0M$705.0M$697.0M$671.0M$730.0M
Current maturities of long-term debt——$6.0M———
Finite-Lived Intangible Assets, Accumulated Amortization$16.7B$17.1B$17.5B$18.0B$18.5B$18.9B
2028$1.6B$1.6B—$1.6B$1.6B$1.6B
2030$1.5B$1.5B—$1.3B$1.3B$1.3B
2031$1.4B$1.4B—$1.3B$1.3B$1.3B
Remainder of 2026$824.0M$414.0M—$1.3B$846.0M$405.0M
2027$1.6B$1.6B—$1.6B$1.6B$1.6B
2029$1.6B$1.6B—$1.5B$1.5B$1.5B
Gross Carrying Amount$28.9B$29.0B$28.9B$29.0B$29.0B$29.0B
Guarantor obligations, current carrying value———$1.2B$1.3B$1.3B
Long-Term Debt and Lease Obligation$24.6B$24.0B$25.6B$26.2B$27.7B$27.9B
Loss Contingency Accrual$200.0M$200.0M$400.0M$200.0M$200.0M$200.0M
Noncontrolling interests in subsidiaries$222.0M$228.0M$232.0M$240.0M$204.0M$211.0M
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied$400.0M$400.0M—$400.0M$300.0M$400.0M
After-tax net unrealized gains (losses) associated with cash flow hedging instruments recorded in AOCI——-$149.0M-$276.0M-$108.0M-$116.0M
Unrecognized tax benefits$2.9B$2.9B$2.9B$2.9B$2.9B$2.9B
Penalties and interest accrued on unrecognized tax benefits$45.0M$63.0M$74.0M$99.0M$50.0M$36.0M
Amount that if recognized, would affect the effective tax rate or regulatory liability$2.7B$2.7B—$2.7B$2.7B$2.7B
Remainder of Fiscal Year 2024$824.0M$414.0M—$1.3B$846.0M$405.0M
Remainder of Fiscal Year 2025$824.0M$414.0M—$1.3B$846.0M$405.0M