v3.26.1
Restructuring Charges (Tables)
3 Months Ended
Jul. 31, 2026
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring and Related Costs and Activity of Restructuring Costs
The following table presents the classification of these restructuring, associated, and other costs in the condensed consolidated statements of income for the MiniMed restructuring activities:
Three months ended
(in millions)July 31, 2026
Selling, general, and administrative expenses$
Restructuring charges, net58 
Total restructuring, associated, and other costs$67 
The following table provides a reconciliation of the beginning and ending restructuring liability balances related to the MiniMed restructuring activities for the three months ended July 31, 2026:
(in millions)Employee Termination BenefitsAssociated and Other CostsTotal
April 24, 2026$119 $— $119 
Charges62 67 
Cash payments(88)(4)(92)
July 31, 2026$93 $$93 
The following table presents the classification of these restructuring, associated, and other costs in the condensed consolidated statements of income for the other restructuring activities:
Three months ended
(in millions)July 31, 2026July 25, 2025
Cost of products sold$$16 
Selling, general, and administrative expenses
Restructuring charges, net13 45 
Total restructuring, associated, and other costs$23 $67 
The following table provides a reconciliation of the beginning and ending restructuring liability balances relating to the other restructuring activities:
(in millions)Employee Termination BenefitsAssociated and Other CostsTotal
April 24, 2026$11 $44 $56 
Charges13 15 
Cash payments(9)(19)(28)
July 31, 2026$15 $27 $42