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Segment and Geographic Information
6 Months Ended
Oct. 30, 2015
Segment Reporting [Abstract]  
Segment and Geographic Information
Segment and Geographic Information
Segment information
The Company’s management evaluates performance and allocates resources based on profit and loss from operations before income taxes and interest expense, net, not including corporate determined charges, as presented in the table below. The accounting policies of the reportable segments are the same as those described in the summary of significant accounting policies in Note 1 to the consolidated financial statements included in the Company's Annual Report on Form 10-K for the year ended April 24, 2015.
Net sales of the Company’s reportable segments include end-customer revenues from the sale of products they each develop and manufacture or distribute. Net sales and income from operations before income taxes by reportable segment are as follows:
 
Three months ended
 
Six months ended
(in millions)
October 30,
2015
 
October 24,
2014
 
October 30,
2015
 
October 24,
2014
Cardiac and Vascular Group
$
2,482

 
$
2,286

 
$
5,050

 
$
4,540

Minimally Invasive Therapies Group
2,356

 

 
4,812

 

Restorative Therapies Group
1,770

 
1,650

 
3,576

 
3,253

Diabetes Group
450

 
430

 
894

 
846

Total Net Sales
$
7,058

 
$
4,366

 
$
14,332

 
$
8,639


 
Three months ended
 
Six months ended
(in millions)
October 30,
2015
 
October 24,
2014
 
October 30,
2015
 
October 24,
2014
Cardiac and Vascular Group
$
755

 
$
714

 
$
1,572

 
$
1,426

Minimally Invasive Therapies Group
348

 

 
682

 

Restorative Therapies Group
483

 
426

 
964

 
836

Diabetes Group
122

 
117

 
240

 
237

Total Reportable Segments’ Income Before Income Taxes
1,708

 
1,257

 
3,458

 
2,499

Special charges

 
(100
)
 

 
(100
)
Impact of inventory step-up

 

 
(226
)
 

Restructuring charges, net
(73
)
 

 
(140
)
 
(30
)
Certain litigation charges
(26
)
 

 
(26
)
 

Acquisition-related items
(49
)
 
(61
)
 
(120
)
 
(102
)
Interest expense, net
(217
)
 
(8
)
 
(408
)
 
(13
)
Corporate
(260
)
 
(66
)
 
(515
)
 
(149
)
Total Income From Operations Before Income Taxes
$
1,083

 
$
1,022

 
$
2,023

 
$
2,105


Geographic information
Net sales to external customers by geography are as follows:
 
Three months ended
 
Six months ended
(in millions)
October 30,
2015
 
October 24,
2014
 
October 30,
2015
 
October 24,
2014
Americas (b)
$
4,390

 
$
2,643

 
$
8,835

 
$
5,133

EMEA (a) (c)
1,567

 
1,069

 
3,236

 
2,202

Asia-Pacific
736

 
433

 
1,506

 
866

Greater China
365

 
221

 
755

 
438

Total Net Sales
$
7,058

 
$
4,366

 
$
14,332

 
$
8,639


(a)
EMEA consists of the following regions: Europe, Middle East, and Africa.
(b)
The U.S., which is included in the Americas, had net sales to external customers of $4.098 billion and $8.240 billion for the three and six months ended October 30, 2015, respectively, compared to $2.456 billion and $4.789 billion in the three and six months ended October 24, 2014, respectively.
(c)
Sales within Ireland were insignificant during all periods presented.

Certain prior period net sales to external customers by geography have been reclassified to conform to the current period classification.