EXHIBIT 12

ST. JUDE MEDICAL, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(amounts in millions of dollars)

	Three Months Ended		FISCAL YEAR
	April 4, 2015		2014		2013		2012		2011		2010
EARNINGS
Earnings before income taxes and noncontrolling interest	$	308	$	1,068	$	784	$	1,005	$	1,019	$	1,209
Plus fixed charges:
Interest expense (1)	21		85		81		73		70		67
Rent interest factor (2)	4		17		12		15		15		12
TOTAL FIXED CHARGES	25		102		93		88		85		79
EARNINGS BEFORE INCOME TAXES AND FIXED CHARGES	$	333	$	1,170	$	877	$	1,093	$	1,104	$	1,288
RATIO OF EARNINGS TO FIXED CHARGES	13.3		11.5		9.4		12.4		13.0		16.3

(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.