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Segment and Geographic Information (Tables)
9 Months Ended
Jan. 24, 2014
Segment Reporting [Abstract]  
Reconciliation of Revenue from Segments to Consolidated
Net sales and earnings before income taxes by reportable segment are as follows:
 
Three months ended
 
Nine months ended
(in millions)
January 24,
2014
 
January 25,
2013
 
January 24,
2014
 
January 25,
2013
Cardiac and Vascular Group
$
2,119

 
$
2,100

 
$
6,478

 
$
6,352

Restorative Therapies Group
1,608

 
1,550

 
4,764

 
4,659

Diabetes Group
436

 
377

 
1,198

 
1,119

Total Net Sales
$
4,163

 
$
4,027

 
$
12,440

 
$
12,130

Reconciliation of Operating Profit (Loss) from Segments to Consolidated
 
Three months ended
 
Nine months ended
(in millions)
January 24,
2014
 
January 25,
2013
 
January 24,
2014
 
January 25,
2013
Cardiac and Vascular Group
$
663

 
$
687

 
$
2,177

 
$
2,093

Restorative Therapies Group
454

 
441

 
1,318

 
1,284

Diabetes Group
128

 
107

 
310

 
306

Total Reportable Segments’ Earnings Before Income Taxes
1,245

 
1,235

 
3,805

 
3,683

Special charges

 

 
(40
)
 

Restructuring credits (charges), net
15

 

 
(3
)
 

Certain litigation charges, net

 

 
(24
)
 
(245
)
Acquisition-related items
(200
)
 
55

 
(104
)
 
44

Interest expense, net
(25
)
 
(46
)
 
(98
)
 
(103
)
Corporate
(80
)
 
(89
)
 
(312
)
 
(282
)
Earnings Before Income Taxes
$
955

 
$
1,155

 
$
3,224

 
$
3,097

Reconciliation of Net Assets from Segments to Consolidated
The following table presents the Company’s net assets by reportable segment:
(in millions)
January 24,
2014
 
April 26,
2013
Cardiac and Vascular Group
$
7,262

 
$
6,941

Restorative Therapies Group
9,893

 
10,058

Diabetes Group
1,829

 
1,857

Total Net Assets of Reportable Segments
18,984

 
18,856

Short-term borrowings
(2,618
)
 
(910
)
Long-term debt
(9,601
)
 
(9,741
)
Corporate
12,589

 
10,466

Total Net Assets
$
19,354

 
$
18,671

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas
Net sales to external customers by geography are as follows:
 
Three months ended
 
Nine months ended
(in millions)
January 24,
2014
 
January 25,
2013
 
January 24,
2014
 
January 25,
2013
United States
$
2,265

 
$
2,171

 
$
6,788

 
$
6,687

Europe and Canada
1,058

 
1,020

 
3,138

 
2,998

Asia-Pacific
642

 
660

 
1,931

 
1,926

Other Foreign
198

 
176

 
583

 
519

Total Net Sales
$
4,163

 
$
4,027

 
$
12,440

 
$
12,130