Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - ST JUDE MEDICAL, LLC | stj-2015100310qq3.htm |
| EX-31.1 - CERTIFICATION OF CEO PURSUANT TO SECTION 302 - ST JUDE MEDICAL, LLC | stjude20151003_ex31-1q3.htm |
| EX-32.2 - CERTIFICATION OF CEO PURSUANT TO SECTION 906 - ST JUDE MEDICAL, LLC | stjude20151003_ex32-1q3.htm |
| EX-31.2 - CERTIFICATION OF CFO PURSUANT TO SECTION 302 - ST JUDE MEDICAL, LLC | stjude20151003_ex31-2q3.htm |
| EX-32.2 - CERTIFICATION OF CFO PURSUANT TO SECTION 906 - ST JUDE MEDICAL, LLC | stjude20151003_ex32-2q3.htm |
EXHIBIT 12
ST. JUDE MEDICAL, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(amounts in millions of dollars)
Nine Months Ended | FISCAL YEAR | |||||||||||||||||||||||
October 3, 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||||||
EARNINGS | ||||||||||||||||||||||||
Earnings before income taxes and noncontrolling interest | $ | 863 | $ | 1,068 | $ | 784 | $ | 1,005 | $ | 1,019 | $ | 1,209 | ||||||||||||
Plus fixed charges: | ||||||||||||||||||||||||
Interest expense (1) | 63 | 85 | 81 | 73 | 70 | 67 | ||||||||||||||||||
Rent interest factor (2) | 13 | 17 | 12 | 15 | 15 | 12 | ||||||||||||||||||
TOTAL FIXED CHARGES | 76 | 102 | 93 | 88 | 85 | 79 | ||||||||||||||||||
EARNINGS BEFORE INCOME TAXES AND FIXED CHARGES | $ | 939 | $ | 1,170 | $ | 877 | $ | 1,093 | $ | 1,104 | $ | 1,288 | ||||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 12.4 | 11.5 | 9.4 | 12.4 | 13.0 | 16.3 | ||||||||||||||||||
(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. |