ST JUDE MEDICAL, LLC - FORM 10-K - EX-12 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - February 26, 2015

Attached files

file	filename
10-K - 10-K - ST JUDE MEDICAL, LLC	stj20140103201510-k.htm
EX-24 - POWER OF ATTORNEY - ST JUDE MEDICAL, LLC	exhibit2401032015.htm
EX-21 - SUBSIDIARIES OF THE REGISTRANT - ST JUDE MEDICAL, LLC	exhibit2101032015.htm
EX-10.9 - FIFTH AMENDMENT TO THE ST. JUDE MEDICAL, INC. MANAGEMENT SAVINGS PLAN - ST JUDE MEDICAL, LLC	exhibit10901032015.htm
EX-10.11 - ST. JUDE MEDICAL, INC. 2002 STOCK PLAN AS AMENDED AND RESTATED (2014) - ST JUDE MEDICAL, LLC	exhibit101101032015.htm
EX-10.13 - ST. JUDE MEDICAL, INC. 2006 STOCK PLAN AS AMENDED AND RESTATED (2014) - ST JUDE MEDICAL, LLC	exhibit101301032015.htm
EX-10.22 - ST. JUDE MEDICAL, INC. 2007 STOCK INCENTIVE PLAN AS AMENDED AND RESTATED (2014) - ST JUDE MEDICAL, LLC	exhibit102201032015.htm
EX-32.2 - CERTIFICATION OF CFO PURSUANT TO SECTION 906 - ST JUDE MEDICAL, LLC	stjude01032015_ex32-2q4.htm
EX-31.1 - CERTIFICATION OF CEO PURSUANT TO SECTION 302 - ST JUDE MEDICAL, LLC	stjude01032015_ex31-1q4.htm
EX-32.1 - CERTIFICATION OF CEO PURSUANT TO SECTION 906 - ST JUDE MEDICAL, LLC	stjude01032015_ex32-1q4.htm
EX-31.2 - CERTIFICATION OF CFO PURSUANT TO SECTION 302 - ST JUDE MEDICAL, LLC	stjude01032015_ex31-2q4.htm
EXCEL - IDEA: XBRL DOCUMENT - ST JUDE MEDICAL, LLC	Financial_Report.xls
EX-23 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - ST JUDE MEDICAL, LLC	exhibit2301032015.htm

EXHIBIT 12

ST. JUDE MEDICAL, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(amounts in millions of dollars)



		FISCAL YEAR
		2014				2013				2012				2011				2010
EARNINGS
Earnings before noncontrolling interest and income taxes		$	1,068			$	784			$	1,005			$	1,019			$	1,208
Plus fixed charges:
Interest expense (1)		85				81				73				70				67
Rent interest factor (2)		17				12				15				15				12
TOTAL FIXED CHARGES		102				93				88				85				79
EARNINGS BEFORE NONCONTROLLING INTEREST, INCOME TAXES AND FIXED CHARGES		$	1,170			$	877			$	1,093			$	1,104			$	1,287
RATIO OF EARNINGS TO FIXED CHARGES		11.5				9.4				12.4				13.0				16.3


(1)	Interest expense consists of interest on indebtedness and amortization of debt issuance costs.


(2)	Approximately one-third of rental expense is deemed representative of the interest factor.