Attached files
| file | filename |
|---|---|
| EX-10.2 - SECOND AMENDMENT TO SEVERANCE AGREEMENT - ST JUDE MEDICAL, LLC | stjude20160702_10-2q2.htm |
| 10-Q - 10-Q - ST JUDE MEDICAL, LLC | stj-2016070210qq2.htm |
| EX-32.2 - CERTIFICATION OF CFO PURSUANT TO SECTION 906 - ST JUDE MEDICAL, LLC | stjude20160702_ex32-2q2.htm |
| EX-32.1 - CERTIFICATION OF CEO PURSUANT TO SECTION 906 - ST JUDE MEDICAL, LLC | stjude20160702_ex32-1q2.htm |
| EX-31.2 - CERTIFICATION OF CFO PURSUANT TO SECTION 302 - ST JUDE MEDICAL, LLC | stjude20160702_ex31-2q2.htm |
| EX-31.1 - CERTIFICATION OF CEO PURSUANT TO SECTION 302 - ST JUDE MEDICAL, LLC | stjude20160702_ex31-1q2.htm |
| EX-10.1 - AMENDMENT TO SEVERANCE AGREEMENT - ST JUDE MEDICAL, LLC | stjude20160702_10-1q2.htm |
EXHIBIT 12
ST. JUDE MEDICAL, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(amounts in millions of dollars)
Six Months Ended | FISCAL YEAR | |||||||||||||||||||||||
July 2, 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||||||
EARNINGS | ||||||||||||||||||||||||
Earnings before income taxes and noncontrolling interest | $ | 406 | $ | 928 | $ | 1,068 | $ | 784 | $ | 1,005 | $ | 1,019 | ||||||||||||
Plus fixed charges: | ||||||||||||||||||||||||
Interest expense (1) | 80 | 103 | 85 | 81 | 73 | 70 | ||||||||||||||||||
Rent interest factor (2) | 8 | 15 | 17 | 12 | 15 | 15 | ||||||||||||||||||
TOTAL FIXED CHARGES | 88 | 118 | 102 | 93 | 88 | 85 | ||||||||||||||||||
EARNINGS BEFORE INCOME TAXES AND FIXED CHARGES | $ | 494 | $ | 1,046 | $ | 1,170 | $ | 877 | $ | 1,093 | $ | 1,104 | ||||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 5.6 | 8.9 | 11.5 | 9.4 | 12.4 | 13.0 | ||||||||||||||||||
(1) | Interest expense consists of interest on indebtedness and amortization of debt issuance costs but excludes interest on liabilities for uncertain tax positions. |
(2) | Approximately one-third of rental expense is deemed representative of the interest factor. |