1、ANNUAL REPORTFiscal Year 20182018 LETTER TO SHAREHOLDERSDear Shareholder,As outlined in our Mission,Medtronic serves a unique and important purpose in improving the health of millions of people around the world using technology to alleviate pain,restore health,and extend life.To fulfill this shared
2、purpose,we must be the industry leader in technology.Technology to improve lives is where everything begins at Medtronic.It is what has driven our company over the past 69 years,and it continues to be the core strategy of our company today.Technology to improve lives is also what will drive value fo
3、r our shareholders going forward.It is in our DNA and more importantly were getting even better at it by allocating capital efficiently across our businesses.We are committed to bringing resources to bear across the technology landscape in a strategic and impactful fashion.This is the most important
4、 thing we do,and it is my number one focus.When we get technology right,everything else follows.In many ways,fiscal year 2018 was a challenging year but it was also a rewarding one.Our ability to overcome multiple challenges reflects the dedication of our more than 86,000 employees around the world,
5、each of whom make a difference to benefit patients and fulfill the Medtronic Mission.In FY18,together with our physician partners,our technology and associated therapies improved the lives of more than 71 million people more than two people every second.We have a focused approach to further refine o
6、ur technology leadership to improve the lives of even more people in the years ahead,while delivering enhanced value to you,our shareholders.OUR COMMITMENT AS THE TECHNOLOGY LEADERTo lead in technology,Medtronic must lead in all three areas of technology:innovation,invention,and disruption.We balanc