EXHIBIT 12

ST. JUDE MEDICAL, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(amounts in millions of dollars)

	Nine Months Ended		FISCAL YEAR
	September 29, 2012		2011		2010		2009		2008		2007
EARNINGS
Earnings before income taxes	$	808	$	1,019	$	1,209	$	1,057	$	581	$	710
Plus fixed charges:
Interest expense (1)	55		70		67		46		73		73
Rent interest factor (2)	11		15		12		11		9		9
TOTAL FIXED CHARGES	66		85		79		57		82		82
EARNINGS BEFORE INCOME TAXES AND FIXED CHARGES	$	874	$	1,104	$	1,288	$	1,114	$	663	$	792
RATIO OF EARNINGS TO FIXED CHARGES	13.2		13.0		16.3		19.5		8.1		9.7

(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.