MDTMedtronic
Medtronic plc, headquartered in Galway, Ireland, is the leading global healthcare technology company. 10-K, Item 1
- Headquarters
- Galway
- CEO
- Geoffrey Martha
- Next results
- around Nov 17, 2026
What the 10-K filed 2026-06-18 says about risks that are not on the face of the balance sheet, from the notes to the financial statements, Legal Proceedings and the MD&A (and, for big customers and key suppliers, Business and Risk Factors). Tickdelta picks sentences with specifics (amounts, accruals, covenant ratios) and quotes them as filed. New marks a sentence with nothing like it in the 10-K filed 2025-06-20.
Big customers
Customers the company names as a large share of revenue or receivables (it must name any worth 10% of revenue).
No specific sentence about this in the 10-K.
Key suppliers
Parts or manufacturing that depend on one or a few suppliers.
“In addition, for reasons of quality assurance, cost effectiveness, or availability, certain components, raw materials and services needed to manufacture our products are obtained from sole suppliers.”
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Lawsuits and legal claims
2 newPending cases, settlements and what the company has set aside for them.
“During fiscal year 2025, the Company recognized $90 million of incremental Italian payback accruals resulting from the July 22, 2024 rulings by the Constitutional Court of Italy relating to certain prior years since 2015.”
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New “During fiscal years 2026, 2025, and 2024, the Company recognized $113 million, $317 million, and $149 million of certain litigation charges, net, respectively.”
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“At April 24, 2026 and April 25, 2025, accrued litigation was approximately $0.2 billion and $0.4 billion, respectively.”
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“The Company includes accrued litigation in other accrued expenses and other liabilities on the consolidated balance sheets.”
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New “The Company recognized certain litigation charges in fiscal year 2026 in connection with certain of these matters, and the Company's accrued expenses for these matters are included within accrued litigation as of April 24, 2026 as discussed above.”
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Guarantees and indemnities
1 newPromises to pay someone else's debts or losses if they cannot.
“Our maximum exposure under these indemnification provisions is unable to be estimated, and we have not accrued any liabilities within our consolidated financial statements.”
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New “The $157 million future minimum royalty payment obligation of MiniMed is guaranteed by Medtronic, Inc.”
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“The Company’s maximum exposure under these guarantees is unable to be estimated.”
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Debt covenants
1 newConditions in loan agreements that, if broken, can make debt due early.
“We are in compliance with all covenants related to the Credit Facility.”
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“The Company is in compliance with all covenants related to the Credit Facility.”
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New “The MiniMed Revolving Credit Facility also contains representations and warranties, covenants, and events of default that are customary for this type of financing, including financial maintenance covenants and covenants restricting, inter alia, the incurrence of liens and indebtedness, the sale of assets, the making of restricted payments, investments and certain debt prepayments, and the entry into certain merger transactions.”
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“The Company is in compliance with all covenants related to the Senior Notes.”
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Commitments off the balance sheet
1 newContracts the company must pay for later: purchase obligations, take-or-pay deals.
New “At April 24, 2026, excluding open purchase orders with a remaining term of less than one year, we estimate that these future purchase commitments will be $0.5 billion and $1.1 billion in the short-term and long-term, respectively.”
Read it in the 10-K ↗
Sentences are chosen by their words, not read by AI, so some can be off topic. Always check the filing. Open the 10-K ↗
Work on MDT in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/MDT/export.csv") into a cell.