Revenue guidance presented for three major product categories

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2 Reportable segments Medical Supplies business in Western Europe now reflected in Medical Devices reportable segment consistent with how the business is managed (see slide 5) Sales reporting of product categories Surgical Solutions Advanced Surgical and General Surgical Vascular Therapies Peripheral Vascular and Neurovascular Respiratory & Patient Care Patient Monitoring, Airway & Ventilation, Nursing Care and Patient Care Revenue guidance presented for three major product categories 2

3 Better aligns revenue reporting with the way we operate our business Provides a worldwide view of sales by category 3

4 All changes will be reflected in our first quarter 2014 earnings release Sales of biosurgery sealants will be included in General Surgical product category until disposition Sales from Given Imaging will be reflected in Advanced Surgical product category once the transaction closes 4

5 FY 2013 Reportable Segment Net Sales ($ millions) Prior View MEDICAL DEVICES $8,489 New View MEDICAL DEVICES $8,689 MEDICAL SUPPLIES $1,746 U.S. MEDICAL SUPPLIES $1,546 Medical Devices U.S. Medical Supplies European Medical Supplies 5

6 Prior View of Product Line Sales Covidien Medical Devices (83% of 2013 Sales) Medical Supplies (17% of 2013 Sales) Endomechanical Instruments (24% of 2013 Sales) Soft Tissue Repair Products (9% of 2013 Sales) Energy Devices (14% of 2013 Sales) Oximetry & Monitoring Products (10% of 2013 Sales) Airway & Ventilation Products (7% of 2013 Sales) Vascular Products (16% of 2013 Sales) Other Products (3% of 2013 Sales) Nursing Care (8% of 2013 Sales) Stapling Sutures Vessel Sealing Sensors Airway Neurovascular Medical Surgical (4% of 2013 Sales) Surgical Instruments Fixation Electrosurgery Monitors Ventilation Compression SharpSafety (3% of 2013 Sales) Interventional Lung Mesh Biosurgery Hardware GI Solutions Dialysis Chronic Venous Insufficiency Original Equipment Manufacturer (2% of 2013 Sales) Ablation Other Peripheral Peripheral Stents Directional Atherectomy 6

7 New View of Product Line Sales Covidien Surgical Solutions (47% of 2013 Sales) Vascular Therapies (16% of 2013 Sales) Respiratory & Patient Care (37% of 2013 Sales) Advanced Surgical (31% of 2013 Sales) General Surgical (16% of 2013 Sales) Peripheral Vascular (12% of 2013 Sales) Neurovascular (4% of 2013 Sales) Patient Monitoring (9% of 2013 Sales) Airway & Ventilation (8% of 2013 Sales) Nursing Care (10% of 2013 Sales) Patient Care (10% of 2013 Sales) Stapling Surgical Instruments Compression Sensors Airway Medical Surgical Vessel Sealing Fixation Mesh Sutures Electrosurgery Dialysis Chronic Venous Insufficiency Monitors Ventilation SharpSafety Original Equipment Manufacturer Hardware Biosurgery Other Peripheral Interventional Lung GI Solutions Ablation Peripheral Stents Directional Atherectomy 7

8 Previously, we reported an Other Products category in Medical Devices with 2013 net sales of $348 million The majority of Other Products was comprised of Medical Supplies sales outside of the U.S. and Western Europe As part of this process, we are moving these sales to new product categories The result of this move will show full worldwide sales by each product category going forward Slide 10 illustrates the components of this category under both the prior view and the new view 8

9 Other Medical Devices Mapping 9

10 FY 2013 Net Sales ($ millions) Prior View New View NURSING CARE $180 PATIENT CARE $143 OTHER MEDICAL DEVICES $348 GENERAL SURGICAL $11 PERIPHERAL VASCULAR $7 AIRWAY & VENTILATION $7 10

11 Surgical Solutions Mapping 11

12 FY 2013 Net Sales ($ millions) Prior View New View ADVANCED New View SURGICAL $3,186 ENDOMECHANICAL $2,476 Interventional Lung Stapling GENERAL SURGICAL $1,589 Surgical Instruments Stapling Surgical Instruments Interventional Lung 12

13 FY 2013 Net Sales ($ millions) Prior View SOFT TISSUE REPAIR $890 New View ADVANCED SURGICAL $3,186 Fixation Mesh Biosurgery Sutures GENERAL SURGICAL $1,589 Sutures Fixation Mesh Biosurgery 13

14 FY 2013 Net Sales ($ millions) Prior View New View ADVANCED SURGICAL $3,186 ENERGY $1,398 Vessel Sealing Hardware GI Solutions Ablation Electrosurgery GENERAL SURGICAL $1,589 Vessel Sealing Electrosurgery Hardware GI Solutions Ablation Other* * Previously in Other Medical Devices 14

15 Vascular Therapies Mapping 15

16 FY 2013 Net Sales ($ millions) Prior View VASCULAR $1,645 Compression Dialysis Chronic Venous Insufficiency Other Peripheral Peripheral Stents Directional Atherectomy New View PERIPHERAL VASCULAR $1,215 Neurovascular Neurovascular Compression Dialysis Chronic Venous Insufficiency Other Peripheral Peripheral Stents Directional Atherectomy Other* * Previously in Other Medical Devices NEUROVASCULAR $437 16

17 Respiratory and Patient Care Mapping 17

18 FY 2013 Net Sales ($ millions) Prior View New View (No change) OXIMETRY & MONITORING $969 Sensors Monitors Other PATIENT MONITORING $969 Sensors Monitors Other 18

19 FY 2013 Net Sales ($ millions) Prior View New View AIRWAY & VENTILATION $763 Airway AIRWAY & VENTILATION $770 Ventilators Airway Ventilation Other* * Previously in Other Medical Devices 19

20 FY 2013 Net Sales ($ millions) Prior View New View NURSING CARE $831 OTHER MEDICAL DEVICES $180 } Incontinence Wound Care Enteral Feeding Urology NURSING CARE $1,011 20

21 FY 2013 Net Sales ($ millions) Prior View New View SHARP SAFETY $284 Needles & Syringes Sharps Disposal MEDICAL SURGICAL $430 ORIGINAL EQUIPMENT MANUFACTURER $201 Operating Room Products Electrodes Original Equipment Manufacturer PATIENT CARE $1,058 OTHER MEDICAL DEVICES $143 21

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