Net Earnings Per Share

6 Months Ended

Jun. 28, 2014

Earnings Per Share [Abstract]

Net Earnings Per Share

NET EARNINGS PER SHARE

The table below sets forth the computation of basic and diluted net earnings per share attributable to St. Jude Medical, Inc. (in millions, except per share amounts):

	Three Months Ended				Six Months Ended
	June 28, 2014		June 29, 2013		June 28, 2014		June 29, 2013
Numerator:
Net earnings attributable to St. Jude Medical, Inc.	$	270	$	115	$	519	$	338
Denominator:
Basic weighted average shares outstanding	284.2		283.9		284.3		284.6
Dilution associated with stock-based compensation plans	4.7		2.8		4.8		2.5
Diluted weighted average shares outstanding	288.9		286.7		289.1		287.1
Basic net earnings per share attributable to St. Jude Medical, Inc.	$	0.95	$	0.41	$	1.83	$	1.19
Diluted net earnings per share attributable to St. Jude Medical, Inc.	$	0.93	$	0.40	$	1.80	$	1.18

Approximately 2.7 million and 3.1 million shares of common stock subject to stock options and restricted stock units were excluded from the diluted net earnings per share computation for the three months ended June 28, 2014 and June 29, 2013, respectively, because they were not dilutive. Additionally, approximately 1.3 million and 7.0 million shares of common stock subject to stock options and restricted stock units were excluded from the diluted net earnings per share computation for the six months ended June 28, 2014 and June 29, 2013, respectively, because they were not dilutive.