Medtronic plc (NYSE:MDT) is looking for M&A opportunities. Karen Parkhill, Chief Financial Officer said "Turning to capital allocation. Our robust balance sheet allows us to operate from a position of strength.

As you know, we prioritize both investing in our future growth and returning capital to our shareholders. We continue to evaluate tuck-in M&A opportunities against a high bar as we prioritize profitable growth. And to our shareholders, we remain committed to returning a minimum of 50% of our free cash flow".