v3.26.1
Goodwill and Other Intangible Assets
12 Months Ended
Apr. 24, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
Goodwill
The following table presents the changes in the carrying amount of goodwill by reportable segment and goodwill assigned to the other operating segments:
(in millions)Cardiovascular NeuroscienceMedical SurgicalReportable SegmentsOther Operating SegmentsTotal
April 26, 2024$7,966 $11,644 $19,121 $38,731 $2,255 $40,986 
Goodwill as a result of acquisitions— — 108 108 — 108 
Purchase accounting adjustments— (2)— — — 
Currency translation and other50 72 521 643 643 
April 25, 20258,017 11,716 19,748 39,482 2,255 41,737 
Goodwill as a result of acquisitions555 — — 555 — 555 
Currency translation and other30 61 204 295 — 295 
April 24, 2026$8,602 $11,777 $19,953 $40,332 $2,256 $42,587 
The Company did not recognize any goodwill impairment charges during fiscal years 2026, 2025, or 2024.
Intangible Assets
The following table presents the gross carrying amount and accumulated amortization of intangible assets:
April 24, 2026April 25, 2025
(in millions)Gross Carrying AmountAccumulated AmortizationGross Carrying AmountAccumulated Amortization
Definite-lived:
Customer-related$16,559 $(10,596)$16,550 $(9,650)
Purchased technology and patents11,875 (8,319)11,600 (7,514)
Trademarks and tradenames422 (295)421 (283)
Other373 (126)355 (101)
Total$29,229 $(19,336)$28,925 $(17,547)
Indefinite-lived:
IPR&D$253 $— $289 $— 
The Company did not recognize any definite-lived intangible asset impairment charges during fiscal years 2026 and 2025. During fiscal year 2024, the Company recognized $295 million of definite-lived intangible asset impairment charges in connection with the decision to exit its ventilator product line. The intangible asset impairment charges primarily related to purchased technology, customer-related intangibles, and trade names. The intangible asset impairment charges are recognized in other operating expense (income), net in the consolidated statements of income. Refer to Note 3 for additional information on what led to the impairments in fiscal year 2024.
There were no indefinite-lived intangible asset impairment charges during fiscal year 2026 and 2025. Indefinite-lived intangible asset impairment charges were not material for fiscal year 2024. Due to the nature of IPR&D projects, the Company may experience future delays or failures to obtain regulatory approvals to conduct clinical trials, failures of such clinical trials, delays or failures to obtain required market clearances, other failures to achieve a commercially viable product, or the discontinuation of certain projects, and as a result, may recognize impairment losses in the future.
Amortization Expense
Intangible asset amortization expense was $1.8 billion for both fiscal years 2026 and 2025, including $121 million and $151 million, respectively, of accelerated amortization on certain intangible assets related to product line exits within the Cardiovascular Portfolio. Intangible asset amortization expense was $1.7 billion for fiscal year 2024. Estimated aggregate amortization expense by fiscal year based on the current carrying value and remaining estimated useful lives of definite-lived intangible assets at April 24, 2026, excluding any possible future amortization associated with acquired IPR&D which has not met technological feasibility, is as follows:
(in millions)Amortization
Expense
2027$1,635 
20281,585 
20291,506 
20301,375 
20311,295