v3.26.1
Restructuring Charges (Tables)
 12 Months Ended
Apr. 24, 2026
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring Reserve
The following table presents the classification of these restructuring, associated, and other costs in the consolidated statements of income for the MiniMed restructuring activities:
Fiscal Year
(in millions)2026
Restructuring charges, net$136 
The following table summarizes the activity related to the MiniMed restructuring program for fiscal year 2026:
(in millions)Employee Termination Benefits
April 25, 2025$— 
Charges136 
Cash payments(17)
April 24, 2026$119 
The following table presents the classification of these restructuring, associated, and other costs in the consolidated statements of income for the other restructuring activities:
Fiscal Year
(in millions)202620252024
Cost of products sold$106 $26 $55 
Selling, general, and administrative expenses15 10 108 
Restructuring charges, net113 267 226 
Total restructuring and associated costs$234 $303 $389 
The following table summarizes the activity related to other restructuring programs for fiscal years 2026 and 2025:
(in millions)Employee Termination BenefitsAssociated and Other CostsTotal
April 26, 2024$136 $11 $147 
Charges240 82 322 
Cash payments(225)(48)(273)
Settled non-cash— (27)(27)
Accrual adjustments(1)
(19)— (19)
April 25, 2025132 18 150 
Charges88 66 154 
Cash payments(195)(37)(232)
Settled non-cash— (2)(2)
Accrual adjustments(1)
(14)(1)(14)
April 24, 2026$11 $44 $56 
(1)Accrual adjustments primarily relate to certain employees identified for termination finding other positions within the Company and changes in estimates.