Business Combinations Business Combinations (Tables)

12 Months Ended

Jan. 03, 2015

Business Combination, Separately Recognized Transactions [Line Items]

Business Combination, Separately Recognized Transactions [Table Text Block]

The following table summarizes the final purchase price allocation of the fair values of the net assets as a result of the Company's acquisitions of Endosense and Nanostim and the initial consolidations of Spinal Modulation and CardioMEMS as variable interest entities for which St. Jude Medical, Inc. was the primary beneficiary (in millions):



	Endosense			Nanostim			Spinal Modulation			CardioMEMS
Cash and cash equivalents	$	—		$	—		$	41		$	33
Current assets	2			1			9			3
Goodwill	258			149			46			83
In-process research and development (IPR&D)	33			27			45			63
Other intangible assets	20			34			7			—
Other assets	1			1			1			2
Current liabilities	(11		)	(2		)	(6		)	(13		)
Deferred income tax assets/(liabilities)	—			—			(19		)	(23		)
Other liabilities	—			—			—			(5		)
Net assets	$	303		$	210		$	124		$	143

Cash paid	$	180		$	124		$	—		$	—
Less: Cash acquired	(9		)	(3		)	—			—
Net cash consideration	$	171		$	121		$	—		$	—
Contingent consideration	132			56			—			—
Fair value of St. Jude Medical, Inc.'s previously held interest	—			33			—			31
Acquisition of controlling ownership interest	—			—			40			—
Debt financing	—			—			—			28
Additions in noncontrolling ownership interest	—			—			84			84
Total purchase consideration	$	303		$	210		$	124		$	143

NeuroTherm, Inc. [Member]

Business Combination, Separately Recognized Transactions [Line Items]

Business Combination, Separately Recognized Transactions [Table Text Block]

The following table summarizes the final purchase price allocation of the fair values of net assets as a result of the Company's acquisition of NeuroTherm in August 2014 (in millions):



	NeuroTherm
Current assets	$	22
Property, plant and equipment	2
Goodwill	125
Intangible assets	89
Current liabilities	(13		)
Deferred income tax assets/(liabilities)	(28		)
Long-term debt	(50		)
Net assets	$	147

Cash paid	$	148
Less: Cash acquired	(1		)
Net cash consideration	$	147

Spinal Modulation [Member]

Business Combination, Separately Recognized Transactions [Line Items]

Schedule of Variable Interest Entities [Table Text Block]

The following table summarizes Spinal Modulation’s assets and liabilities included in St. Jude Medical Inc.'s consolidated balance sheet as of January 3, 2015 after elimination of all intercompany balances and transactions (in millions):



	January 3, 2015
Cash and cash equivalents	$	9
Other current assets	7
Goodwill	46
IPR&D	45
Other intangible assets	7
Total assets	$	114

Current liabilities	$	5
Deferred income taxes	19
Total liabilities	24

Non-controlling interest	$	45

- 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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