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EXHIBIT 12
ST. JUDE MEDICAL, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(amounts in millions of dollars)
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| Three |
| FISCAL YEAR |
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| March 31, 2012 |
| 2011 |
| 2010 |
| 2009 |
| 2008 |
| 2007 |
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EARNINGS |
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Earnings before income taxes |
| $ | 279 |
| $ | 1,019 |
| $ | 1,209 |
| $ | 1,057 |
| $ | 581 |
| $ | 710 |
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Plus fixed charges: |
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Interest expense (1) |
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| 18 |
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| 70 |
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| 67 |
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| 46 |
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| 73 |
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| 73 |
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Rent interest factor (2) |
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| 4 |
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| 15 |
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| 12 |
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| 11 |
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| 9 |
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| 9 |
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TOTAL FIXED CHARGES |
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| 22 |
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| 85 |
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| 79 |
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| 57 |
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| 82 |
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| 82 |
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EARNINGS BEFORE INCOME TAXES AND FIXED CHARGES |
| $ | 301 |
| $ | 1,104 |
| $ | 1,288 |
| $ | 1,114 |
| $ | 663 |
| $ | 792 |
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RATIO OF EARNINGS TO FIXED CHARGES |
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| 13.8 |
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| 13.0 |
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| 16.3 |
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| 19.5 |
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| 8.1 |
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| 9.7 |
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| (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. |