Business Combinations Business Combinations (Tables)

9 Months Ended

Sep. 28, 2013

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

The preliminary allocation of the Endosense purchase price to the estimated fair values of net assets acquired was as follows (in millions):



	August 19, 2013
Assets acquired:
Current assets	$	2
Goodwill	258
Acquired in-process research and development (IPR&D)	33
Other intangible assets	20
Other long-term assets	1
Total assets acquired	314

Liabilities assumed:
Current liabilities	11
Net assets acquired	303

Cash paid	180
Cash acquired	(9		)
Net cash consideration	171
Contingent consideration	132
Total purchase consideration	$	303

Spinal Modulation [Member]

Schedule of Variable Interest Entities [Table Text Block]

The initial consolidation of a VIE that is determined to be a business is accounted for as a business combination. The following table summarizes the estimated fair values of Spinal Modulation’s assets and liabilities included in St. Jude Medical's consolidated balance sheets as of the June 7, 2013 consolidation date, and as of September 28, 2013 after elimination of all intercompany balances and transactions (in millions):



	June 7, 2013		September 28, 2013
Cash and cash equivalents	$	41	$	31
Other current assets	9		6
Goodwill	82		82
Acquired in-process research and development (IPR&D)	45		45
Other intangible assets	7		7
Other long-term assets	1		1
Total assets	185		172

Current liabilities	6		5
Deferred income taxes, net	19		19
Total liabilities	25		24

Non-controlling interest	$	120	$	111

CardioMEMS, Inc. [Member]

Schedule of Variable Interest Entities [Table Text Block]



	February 27, 2013		September 28, 2013
Cash and cash equivalents	$	33	$	21
Other current assets	2		4
Goodwill	83		83
Acquired in-process research and development (IPR&D)	63		63
Other long-term assets	2		2
Total assets	183		173

Current liabilities	13		6
Deferred income taxes, net	23		23
Other liabilities	5		4
Total liabilities	41		33

Non-controlling interest	$	84	$	74

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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