EX-99.2 3 a2024q2exhibit992.htm EX-99.2 Document

Exhibit 99.2
Johnson & Johnson and subsidiaries
Supplementary sales data
(Unaudited; Dollars in Millions)SECOND QUARTER
Percent Change
Sales to customers by geographic area20242023TotalOperationsCurrency
U.S.$12,569 11,657 7.8 %7.8 — 
Europe5,214 5,131 1.6 3.4 (1.8)
Western Hemisphere excluding U.S.1,212 1,136 6.7 22.6 (15.9)
Asia-Pacific, Africa3,452 3,595 (4.0)1.9 (5.9)
International9,878 9,862 0.2 5.1 (4.9)
Worldwide$22,447 21,519 4.3 %6.6 (2.3)


Johnson & Johnson and subsidiaries
Supplementary sales data
(Unaudited; Dollars in Millions)SECOND QUARTER
Percent Change
Sales to customers by geographic area (ex. COVID-19 Vaccine)20242023TotalOperationsCurrency
U.S.*$12,569 11,657 7.8 %7.8 — 
Europe(1)
5,042 4,846 4.1 6.0 (1.9)
Western Hemisphere excluding U.S.*1,212 1,136 6.7 22.6 (15.9)
Asia-Pacific, Africa*3,452 3,595 (4.0)1.9 (5.9)
International9,706 9,577 1.3 6.4 (5.1)
Worldwide$22,275 21,234 4.9 %7.2 (2.3)
Note: Percentages have been calculated using actual, non-rounded figures and, therefore, may not recalculate precisely.
(1) Refer to supplemental sales information schedules
*No COVID-19 Vaccine Sales



Johnson & Johnson and subsidiaries
Supplementary sales data
(Unaudited; Dollars in Millions)SIX MONTHS
Percent Change
Sales to customers by geographic area20242023TotalOperationsCurrency
U.S.$24,189 22,439 7.8 %7.8 — 
Europe10,377 10,721 (3.2)(2.4)(0.8)
Western Hemisphere excluding U.S.2,406 2,212 8.8 21.9 (13.1)
Asia-Pacific, Africa6,858 7,041 (2.6)3.4 (6.0)
International19,641 19,974 (1.7)2.4 (4.1)
Worldwide$43,830 42,413 3.3 %5.2 (1.9)


Johnson & Johnson and subsidiaries
Supplementary sales data
(Unaudited; Dollars in Millions)SIX MONTHS
Percent Change
Sales to customers by geographic area (ex. COVID-19 Vaccine)20242023TotalOperationsCurrency
U.S.*$24,189 22,439 7.8 %7.8 — 
Europe(1)
10,180 9,689 5.1 6.0 (0.9)
Western Hemisphere excluding U.S.*2,406 2,212 8.8 21.9 (13.1)
Asia-Pacific, Africa*6,858 7,041 (2.6)3.4 (6.0)
International19,444 18,942 2.7 6.9 (4.2)
Worldwide$43,633 41,381 5.4 %7.4 (2.0)
Note: Percentages have been calculated using actual, non-rounded figures and, therefore, may not recalculate precisely.
(1) Refer to supplemental sales information schedules
*No COVID-19 Vaccine Sales



Johnson & Johnson and subsidiaries
Supplementary sales data
(Unaudited; Dollars in Millions)SECOND QUARTER
Percent Change
Sales to customers by segment of business20242023TotalOperationsCurrency
Innovative Medicine (1)
U.S.$8,510 7,818 8.9 %8.9 — 
International5,980 5,913 1.1 6.4 (5.3)
14,490 13,731 5.5 7.8 (2.3)
Innovative Medicine excluding COVID-19 Vaccine (1)
U.S.8,510 7,818 8.9 8.9 — 
International5,808 5,628 3.2 8.7 (5.5)
14,318 13,446 6.5 8.8 (2.3)
MedTech
U.S.4,059 3,839 5.7 5.7 — 
International3,898 3,949 (1.3)3.2 (4.5)
7,957 7,788 2.2 4.4 (2.2)
U.S.12,569 11,657 7.8 7.8 — 
International9,878 9,862 0.2 5.1 (4.9)
Worldwide22,447 21,519 4.3 6.6 (2.3)
U.S.12,569 11,657 7.8 7.8 — 
International9,706 9,577 1.3 6.4 (5.1)
Worldwide excluding COVID-19 Vaccine (1)
$22,275 21,234 4.9 %7.2 (2.3)
Note: Percentages have been calculated using actual, non-rounded figures and, therefore, may not recalculate precisely.
(1)Refer to supplemental sales information schedules.




Johnson & Johnson and subsidiaries
Supplementary sales data
(Unaudited; Dollars in Millions)SIX MONTHS
Percent Change
Sales to customers by segment of business20242023TotalOperationsCurrency
Innovative Medicine (1)
U.S.$16,122 14,841 8.6 %8.6 — 
International11,930 12,303 (3.0)1.0 (4.0)
28,052 27,144 3.3 5.2 (1.9)
Innovative Medicine excluding COVID-19 Vaccine (1)
U.S.16,122 14,841 8.6 8.6 — 
International11,733 11,271 4.1 8.5 (4.4)
27,855 26,112 6.7 8.6 (1.9)
MedTech
U.S.8,067 7,598 6.2 6.2 — 
International7,711 7,671 0.5 4.6 (4.1)
15,778 15,269 3.3 5.4 (2.1)
U.S.24,189 22,439 7.8 7.8 — 
International19,641 19,974 (1.7)2.4 (4.1)
Worldwide43,830 42,413 3.3 5.2 (1.9)
U.S.24,189 22,439 7.8 7.8 — 
International19,444 18,942 2.7 6.9 (4.2)
Worldwide excluding COVID-19 Vaccine (1)
$43,633 41,381 5.4 %7.4 (2.0)
Note: Percentages have been calculated using actual, non-rounded figures and, therefore, may not recalculate precisely.
(1)Refer to supplemental sales information schedules.




Johnson & Johnson and subsidiaries
Condensed consolidated statement of earnings
(Unaudited; in Millions Except Per Share Figures)SECOND QUARTER
20242023Percent
Increase
(Decrease)
AmountPercent
to Sales
AmountPercent
to Sales
Sales to customers$22,447 100.0 $21,519 100.0 4.3 
Cost of products sold6,869 30.6 6,462 30.0 6.3 
Gross Profit15,578 69.4 15,057 70.0 3.5 
Selling, marketing and administrative expenses5,681 25.3 5,396 25.1 5.3 
Research and development expense3,440 15.3 3,703 17.2 (7.1)
In-process research and development impairments194 0.9   
Interest (income) expense, net(125)(0.6)(109)(0.5)
Other (income) expense, net653 2.9 (384)(1.8)
Restructuring(13)0.0 145 0.7 
Earnings before provision for taxes on income5,748 25.6 6,306 29.3 (8.8)
Provision for taxes on income1,062 4.7 930 4.3 14.2 
Net earnings from Continuing Operations$4,686 20.9 $5,376 25.0 (12.8)
Net earnings/(loss) from Discontinued Operations, net of tax  (232) 
Net earnings$4,686  $5,144  
Net earnings per share (Diluted) from Continuing Operations$1.93 $2.05 (5.9)
Net earnings/(loss) per share (Diluted) from Discontinued Operations$— ($0.09) 
Average shares outstanding (Diluted)2,422.0 2,625.7 
Effective tax rate from Continuing Operations18.5 %14.7 %
Adjusted earnings from Continuing Operations before provision for taxes and net earnings (1) (A)
Earnings before provision for taxes on income from Continuing Operations$8,404 37.4$8,005 37.25.0 
Net earnings from Continuing Operations$6,840 30.5$6,730 31.31.6 
Net earnings per share (Diluted) from Continuing Operations$2.82 $2.56 10.2 
Effective tax rate from Continuing Operations18.6 %15.9 %
(1)    See Reconciliation of Non-GAAP Financial Measures.
(A)    NON-GAAP FINANCIAL MEASURES "Adjusted earnings from continuing operations before provision for taxes on income," "adjusted net earnings from continuing operations," "adjusted net earnings per share (diluted) from continuing operations," and "adjusted effective tax rate from continuing operations" are non-GAAP financial measures and should not be considered replacements for GAAP results. The Company provides earnings from continuing operations before provision for taxes on income, net earnings from continuing operations, net earnings per share (diluted) from continuing operations, and effective tax rate from continuing operations on an adjusted basis because management believes that these measures provide useful information to investors. Among other things, these measures may assist investors in evaluating the Company's results of operations period over period. In various periods, these measures may exclude such items as intangible asset amortization expense, significant gains from divestitures, significant costs associated with acquisitions, restructuring, litigation, and changes in applicable laws and regulations (including significant accounting or tax matters). Special items may be highly variable, difficult to predict, and of a size that sometimes has substantial impact on the Company's reported results of operations for a period. Management uses these measures internally for planning, forecasting and evaluating the performances of the Company's businesses, including allocating resources and evaluating results relative to employee performance compensation targets. Unlike earnings from continuing operations before provision for taxes on income, net earnings from continuing operations, net earnings per share (diluted) from continuing operations, and effective tax rate from continuing operations prepared in accordance with GAAP, adjusted earnings from continuing operations before provision for taxes on income, adjusted net earnings from continuing operations, adjusted net earnings per share (diluted) from continuing operations, and adjusted effective tax rate from continuing operations may not be comparable with the calculation of similar measures for other companies. The limitations of using these non-GAAP financial measures as performance measures are that they provide a view of the Company's results of operations without including all events during a period, such as intangible asset amortization expense, significant gains from divestitures, the effects of an acquisition, restructuring, litigation, and changes in applicable laws and regulations (including significant accounting or tax matters) and do not provide a comparable view of the Company's performance to other companies in the health care industry. Investors should consider non-GAAP financial measures in addition to, and not as replacements for, or superior to, measures of financial performance prepared in accordance with GAAP.



Johnson & Johnson and subsidiaries
Condensed consolidated statement of earnings
(Unaudited; in Millions Except Per Share Figures)SIX MONTHS
20242023Percent Increase (Decrease)
AmountPercent to SalesAmountPercent to Sales
Sales to customers$43,830 100.0 $42,413 100.0 3.3 
Cost of products sold13,380 30.5 13,149 31.0 1.8 
Gross Profit30,450 69.5 29,264 69.0 4.1 
Selling, marketing and administrative expenses10,938 25.0 10,302 24.3 6.2 
Research and development expense6,982 16.0 7,158 16.9 (2.5)
In-process research and development impairments194 0.4 49 0.1  
Interest (income) expense, net(334)(0.8)(95)(0.2) 
Other (income) expense, net3,057 7.0 6,556 15.5  
Restructuring151 0.3 275 0.6 
Earnings before provision for taxes on income9,462 21.6 5,019 11.8 88.5 
Provision for taxes on income1,521 3.5 134 0.3 1,035.1 
Net earnings from Continuing Operations$7,941 18.1 $4,885 11.5 62.6 
Net earnings from Discontinued Operations, net of tax    191    
Net earnings$7,941    $5,076    
Net earnings per share (Diluted) from Continuing Operations$3.27 $1.86 75.8 
Net earnings per share (Diluted) from Discontinued Operations$— $0.07  
Average shares outstanding (Diluted)2,428.5 2,630.7 
Effective tax rate from Continuing Operations16.1 %2.7 %
Adjusted earnings from Continuing Operations before provision for taxes and net earnings (1) (A)
Earnings before provision for taxes on income from Continuing Operations$16,281 37.1 $15,541 36.6 4.8 
Net earnings from Continuing Operations$13,420 30.6 $13,070 30.8 2.7 
Net earnings per share (Diluted) from Continuing Operations$5.53 $4.97 11.3 
Effective tax rate from Continuing Operations17.6 %15.9 %
(1)See Reconciliation of Non-GAAP Financial Measures.
(A)NON-GAAP FINANCIAL MEASURES "Adjusted earnings from continuing operations before provision for taxes on income," "adjusted net earnings from continuing operations," "adjusted net earnings per share (diluted) from continuing operations," and "adjusted effective tax rate from continuing operations" are non-GAAP financial measures and should not be considered replacements for GAAP results. The Company provides earnings from continuing operations before provision for taxes on income, net earnings from continuing operations, net earnings per share (diluted) from continuing operations, and effective tax rate from continuing operations on an adjusted basis because management believes that these measures provide useful information to investors. Among other things, these measures may assist investors in evaluating the Company's results of operations period over period. In various periods, these measures may exclude such items as intangible asset amortization expense, significant gains from divestitures, significant costs associated with acquisitions, restructuring, litigation, and changes in applicable laws and regulations (including significant accounting or tax matters). Special items may be highly variable, difficult to predict, and of a size that sometimes has substantial impact on the Company's reported results of operations for a period. Management uses these measures internally for planning, forecasting and evaluating the performances of the Company's businesses, including allocating resources and evaluating results relative to employee performance compensation targets. Unlike earnings from continuing operations before provision for taxes on income, net earnings from continuing operations, net earnings per share (diluted) from continuing operations, and effective tax rate from continuing operations prepared in accordance with GAAP, adjusted earnings from continuing operations before provision for taxes on income, adjusted net earnings from continuing operations, adjusted net earnings per share (diluted) from continuing operations, and adjusted effective tax rate from continuing operations may not be comparable with the calculation of similar measures for other companies. The limitations of using these non-GAAP financial measures as performance measures are that they provide a view of the Company's results of operations without including all events during a period, such as intangible asset amortization expense, significant gains from divestitures, the effects of an acquisition, restructuring, litigation, and changes in applicable laws and regulations (including significant accounting or tax matters) and do not provide a comparable view of the Company's performance to other companies in the health care industry. Investors should consider non-GAAP financial measures in addition to, and not as replacements for, or superior to, measures of financial performance prepared in accordance with GAAP.



Johnson & Johnson and subsidiaries
Reconciliation of non-GAAP financial measures
Second Quarter
(Dollars in Millions Except Per Share Data)20242023
Net Earnings from Continuing Operations, after tax- as reported$4,686 $5,376 
Pre-tax Adjustments
Litigation related352 137 
Intangible Asset Amortization expense1,106 1,130 
COVID-19 Vaccine related costs 1
64 165 
Restructuring related 2
(11)145 
Medical Device Regulation 3
68 85 
Acquisition, integration and divestiture related 452 38 
(Gains)/losses on securities 431 (1)
IPR&D impairments194 — 
Tax Adjustments
Tax impact on special item adjustments4
(437)(307)
Tax legislation and other tax related(65)(38)
Adjusted Net Earnings from Continuing Operations, after tax$6,840 $6,730 
Average shares outstanding (Diluted)2,422.0 2,625.7 
Adjusted net earnings per share from Continuing Operations (Diluted)$2.82 $2.56 
Operational adjusted net earnings per share from Continuing Operations (Diluted)$2.82  
Notes:
1COVID-19 Vaccine related costs include remaining commitments and obligations, including external manufacturing network exit costs and required clinical trial expenses, associated with the Company's completion of its COVID-19 vaccine contractual commitments.
2In fiscal 2023, the company completed a prioritization of its research and development (R&D) investment within the Innovative Medicine segment to focus on the most promising medicines with the greatest benefit to patients. This resulted in the exit of certain programs within therapeutic areas. The R&D program exits are primarily in infectious diseases and vaccines including the discontinuation of its respiratory syncytial virus (RSV) adult vaccine program, hepatitis and HIV development. The restructuring income of $63 million in the fiscal second quarter of 2024 ($81 million expense Q2 2024 YTD) and $145 million expense in the fiscal second quarter of 2023 ($275 million Q2 2023 YTD) include asset divestments and the termination of partnered and non-partnered program costs and asset impairments.
In fiscal 2023, the company initiated a restructuring program of its Orthopaedics franchise within the MedTech segment to streamline operations by exiting certain markets, product lines and distribution network arrangements. The restructuring expenses of $52 million in the fiscal second quarter of 2024 ($79 million Q2 2024 YTD) includes costs related to market and product exits.
3European Medical Device Regulation (MDR) costs represent one-time compliance costs for the Company’s previously registered products. MDR is a replacement of the existing European Medical Devices Directive regulatory framework, and manufacturers of currently marketed medical devices were required to comply with EU MDR beginning in May 2021. The Company considers the adoption of EU MDR to be a significant one-time regulatory change and is not indicative of on-going operations. The Company has excluded only external third-party regulatory and consulting costs from its MedTech operating segments' measures of profit and loss used for making operating decisions and assessing performance which will be completed during 2024.
4The tax impact related to special item adjustments reflects the current and deferred income taxes associated with the above pre-tax special items in arriving at adjusted earnings.



Johnson & Johnson and subsidiaries
Reconciliation of non-GAAP financial measures
Six Months Ended
(Dollars in Millions Except Per Share Data)20242023
Net Earnings from Continuing Operations, after tax- as reported$7,941 $4,885 
Pre-tax Adjustments
Litigation related3,078 7,037 
Intangible Asset Amortization expense2,184 2,252 
COVID-19 Vaccine related costs 1
73 609 
Restructuring related 2
160 275 
Medical Device Regulation 3
119 149 
Acquisition, integration and divestiture related600 80 
(Gains)/losses on securities411 71 
IPR&D impairments194 49 
Tax Adjustments
Tax impact on special item adjustments 4
(1,293)(2,287)
Tax legislation and other tax related(47)(50)
Adjusted Net Earnings from Continuing Operations, after tax$13,420 $13,070 
Average shares outstanding (Diluted)2,428.5 2,630.7 
Adjusted net earnings per share from Continuing Operations (Diluted)$5.53 $4.97 
Operational adjusted net earnings per share from Continuing Operations (Diluted)$5.54  
Notes:
1COVID-19 Vaccine related costs include remaining commitments and obligations, including external manufacturing network exit costs and required clinical trial expenses, associated with the Company's completion of its COVID-19 vaccine contractual commitments.
2In fiscal 2023, the company completed a prioritization of its research and development (R&D) investment within the Innovative Medicine segment to focus on the most promising medicines with the greatest benefit to patients. This resulted in the exit of certain programs within therapeutic areas. The R&D program exits are primarily in infectious diseases and vaccines including the discontinuation of its respiratory syncytial virus (RSV) adult vaccine program, hepatitis and HIV development.  The restructuring income of $63 million in the fiscal second quarter of 2024 ($81 million expense Q2 2024 YTD) and $145 million expense in the fiscal second quarter of 2023 ($275 million Q2 2023 YTD) include asset divestments and the termination of partnered and non-partnered program costs and asset impairments.
In fiscal 2023, the company initiated a restructuring program of its Orthopaedics franchise within the MedTech segment to streamline operations by exiting certain markets, product lines and distribution network arrangements. The restructuring expenses of $52 million in the fiscal second quarter of 2024 ($79 million Q2 2024 YTD) includes costs related to market and product exits.
3European Medical Device Regulation (MDR) costs represent one-time compliance costs for the Company’s previously registered products. MDR is a replacement of the existing European Medical Devices Directive regulatory framework, and manufacturers of currently marketed medical devices were required to comply with EU MDR beginning in May 2021. The Company considers the adoption of EU MDR to be a significant one-time regulatory change and is not indicative of on-going operations. The Company has excluded only external third-party regulatory and consulting costs from its MedTech operating segments' measures of profit and loss used for making operating decisions and assessing performance which will be completed during 2024.
4The tax impact related to special item adjustments reflects the current and deferred income taxes associated with the above pre-tax special items in arriving at adjusted earnings.



Johnson & Johnson and subsidiaries
Reconciliation of non-GAAP financial measures
Adjusted operational sales growth(A)
Second quarter 2024 actual vs. 2023 actual
Segments
 Innovative Medicine MedTech  Total
WW As Reported 5.5 %2.2 %4.3 %
U.S. 8.9 %5.7 %7.8 %
International 1.1 %(1.3)%0.2 %
WW Currency (2.3)(2.2)(2.3)
U.S.
International (5.3)(4.5)(4.9)
WW Operational 7.8 %4.4 %6.6 %
U.S. 8.9 %5.7 %7.8 %
International6.4 %3.2 %5.1 %
Shockwave(1.0)(0.4)
U.S.(2.0)(0.7)
International0.00.0
All Other Acquisitions and Divestitures (A&D)0.20.60.3
U.S. 0.11.00.5
International 0.20.10.2
WW Adjusted Operational Ex A&D8.0 %4.0 %6.5 %
U.S.9.0 %4.7 %7.6 %
International6.6 %3.3 %5.3 %
COVID-19 Vaccine1.00.6
U.S.0.00.0
International2.31.3
WW Adjusted Operational Ex A&D & COVID-19 Vaccine9.0 %4.0 %7.1 %
U.S. 9.0 %4.7 %7.6 %
International 8.9 %3.3 %6.6 %
Note: Percentages are based on actual, non-rounded figures and may not sum
(A)    NON-GAAP FINANCIAL MEASURE “Adjusted operational sales growth" excludes acquisitions, divestitures and translational currency and is a non-GAAP financial measure. Investors should consider non-GAAP financial measures in addition to, and not as replacements for, or superior to, measures of financial performance prepared in accordance with GAAP. Due to the variable nature of acquisitions and divestitures, and the impact they may have on the analysis of underlying business performance and trends, management believes that providing this measure enhances an investor’s understanding of the Company’s performance and may assist in the evaluation of ongoing business operations period over period. This non-GAAP financial measure is presented to permit investors to more fully understand how management assesses the performance of the Company, including for internal evaluation of the performance of the Company's businesses and planning and forecasting for future periods. The use of this non-GAAP financial measure as a performance measure is limited in that it provides a view of the Company's results of operations without including all events during a period and may not provide a comparable view of the Company's performance to that of other companies in the health care industry.



Johnson & Johnson and subsidiaries
Reconciliation of non-GAAP financial measures
Adjusted operational sales growth(A)
Six months 2024 actual vs. 2023 actual
Segments
 Innovative Medicine MedTech  Total
WW As Reported 3.3 %3.3 %3.3 %
U.S. 8.6 %6.2 %7.8 %
International (3.0)%0.5 %(1.7)%
WW Currency (1.9)(2.1)(1.9)
U.S.
International (4.0)(4.1)(4.1)
WW Operational 5.2 %5.4 %5.2 %
U.S. 8.6 %6.2 %7.8 %
International1.0 %4.6 %2.4 %
Shockwave(0.5)(0.2)
U.S.(1.0)(0.3)
International0.00.0
All Other Acquisitions and Divestitures (A&D)0.10.30.2
U.S. 0.10.60.3
International 0.10.10.1
WW Adjusted Operational Ex A&D5.3 %5.2 %5.2 %
U.S.8.7 %5.8 %7.8 %
International1.1 %4.7 %2.5 %
COVID-19 Vaccine3.42.2
U.S.0.00.0
International7.54.5
WW Adjusted Operational Ex A&D & COVID-19 Vaccine8.7 %5.2 %7.4 %
U.S. 8.7 %5.8 %7.8 %
International 8.6 %4.7 %7.0 %
Note: Percentages are based on actual, non-rounded figures and may not sum
(A)    NON-GAAP FINANCIAL MEASURE “Adjusted operational sales growth" excludes acquisitions, divestitures and translational currency and is a non-GAAP financial measure. Investors should consider non-GAAP financial measures in addition to, and not as replacements for, or superior to, measures of financial performance prepared in accordance with GAAP. Due to the variable nature of acquisitions and divestitures, and the impact they may have on the analysis of underlying business performance and trends, management believes that providing this measure enhances an investor’s understanding of the Company’s performance and may assist in the evaluation of ongoing business operations period over period. This non-GAAP financial measure is presented to permit investors to more fully understand how management assesses the performance of the Company, including for internal evaluation of the performance of the Company's businesses and planning and forecasting for future periods. The use of this non-GAAP financial measure as a performance measure is limited in that it provides a view of the Company's results of operations without including all events during a period and may not provide a comparable view of the Company's performance to that of other companies in the health care industry.



Johnson & Johnson
Segment sales
(Dollars in Millions)
SECOND QUARTER
% Change
20242023Reported
Operational(1)
Currency
INNOVATIVE MEDICINE SEGMENT(2)
IMMUNOLOGY
US$2,978 2,865 4.0 %4.0 %— %
Intl1,744 1,631 6.9 13.2 (6.3)
WW4,722 4,496 5.0 7.3 (2.3)
REMICADE
US231 277 (16.7)(16.7)— 
US Exports(3)
35 33 7.9 7.9 — 
Intl127 152 (16.6)(12.0)(4.6)
WW393 462 (14.9)(13.4)(1.5)
SIMPONI / SIMPONI ARIA
US267 285 (6.3)(6.3)— 
Intl270 244 10.9 22.8 (11.9)
WW537 529 1.6 7.1 (5.5)
STELARA
US1,855 1,817 2.1 2.1 — 
Intl1,030 981 5.0 10.1 (5.1)
WW2,885 2,797 3.1 4.9 (1.8)
TREMFYA
US589 450 30.8 30.8 — 
Intl317 255 23.9 30.5 (6.6)
WW906 706 28.3 30.7 (2.4)
OTHER IMMUNOLOGY
US2 4 (51.5)(51.5)— 
Intl0 0 — — — 
WW2 4 (51.5)(51.5)— 
INFECTIOUS DISEASES
US334 395 (15.4)(15.4)— 
Intl631 727 (13.1)(11.6)(1.5)
WW965 1,121 (13.9)(12.9)(1.0)
COVID-19 VACCINE
US0 0 — — — 
Intl172 285 (39.7)(39.7)0.0 
WW172 285 (39.7)(39.7)0.0 
EDURANT / rilpivirine
US8 8 (2.8)(2.8)— 
Intl288 258 11.5 13.0 (1.5)
WW297 266 11.0 12.5 (1.5)
PREZISTA / PREZCOBIX / REZOLSTA / SYMTUZA
US321 382 (16.0)(16.0)— 
Intl117 109 6.5 9.9 (3.4)
WW438 491 (11.0)(10.3)(0.7)
OTHER INFECTIOUS DISEASES
US5 5 18.5 18.5 — 
Intl55 74 (25.6)(21.1)(4.5)
WW61 79 (23.1)(18.8)(4.3)
See footnotes at end of schedule



Johnson & Johnson
Segment sales
(Dollars in Millions)
SECOND QUARTER
% Change
20242023Reported
Operational(1)
Currency
INNOVATIVE MEDICINE SEGMENT(2)(Continued)
NEUROSCIENCE
US$1,102 1,029 7.1 %7.1 %— %
Intl679 764 (11.1)(6.0)(5.1)
WW1,782 1,793 (0.6)1.5 (2.1)
CONCERTA / methylphenidate
US34 64 (47.7)(47.7)— 
Intl129 143 (9.8)(4.6)(5.2)
WW163 208 (21.5)(17.9)(3.6)
INVEGA SUSTENNA / XEPLION / INVEGA
TRINZA / TREVICTA
US784 721 8.8 8.8 — 
Intl269 310 (13.1)(9.0)(4.1)
WW1,054 1,031 2.2 3.5 (1.3)
SPRAVATO
US226 144 57.9 57.9 — 
Intl44 25 73.5 77.4 (3.9)
WW271 169 60.2 60.8 (0.6)
OTHER NEUROSCIENCE
US57 100 (42.5)(42.5)— 
Intl237 286 (17.0)(10.8)(6.2)
WW294 386 (23.7)(19.1)(4.6)
ONCOLOGY
US2,636 2,069 27.4 27.4 — 
Intl2,455 2,329 5.4 10.8 (5.4)
WW5,090 4,398 15.7 18.6 (2.9)
CARVYKTI
US167 114 46.5 46.5 — 
Intl20 3 ***
WW186 117 59.8 59.9 (0.1)
DARZALEX
US1,641 1,322 24.2 24.2 — 
Intl1,237 1,110 11.5 17.9 (6.4)
WW2,878 2,431 18.4 21.3 (2.9)
ERLEADA
US318 241 32.2 32.2 — 
Intl418 326 28.0 32.8 (4.8)
WW736 567 29.8 32.5 (2.7)
IMBRUVICA
US246 262 (6.4)(6.4)— 
Intl525 579 (9.4)(5.6)(3.8)
WW770 841 (8.5)(5.9)(2.6)
TECVAYLI
US104 82 27.5 27.5 — 
Intl30 12 ***
WW135 94 42.9 43.5 (0.6)
ZYTIGA / abiraterone acetate
US11 9 21.6 21.6 — 
Intl154 218 (29.6)(23.6)(6.0)
WW165 227 (27.7)(21.9)(5.8)
OTHER ONCOLOGY
US148 40 **— 
Intl71 80 (10.4)(6.0)(4.4)
WW221 120 84.2 87.2 (3.0)
See footnotes at end of schedule



Johnson & Johnson
Segment sales
(Dollars in Millions)
SECOND QUARTER
% Change
20242023Reported
Operational(1)
Currency
INNOVATIVE MEDICINE SEGMENT(2)(Continued)
PULMONARY HYPERTENSION
US$743 684 8.7 %8.7 %— %
Intl296 289 2.6 11.2 (8.6)
WW1,039 972 6.9 9.4 (2.5)
OPSUMIT
US373 328 13.7 13.7 — 
Intl170 179 (5.0)0.5 (5.5)
WW544 507 7.1 9.1 (2.0)
UPTRAVI
US349 338 3.3 3.3 — 
Intl76 61 24.6 34.4 (9.8)
WW426 399 6.6 8.1 (1.5)
OTHER PULMONARY HYPERTENSION
US20 18 18.8 18.8 — 
Intl50 48 3.1 21.0 (17.9)
WW71 66 7.2 20.4 (13.2)
CARDIOVASCULAR / METABOLISM / OTHER
US717776(7.7)(7.7)— 
Intl1761740.6 4.0 (3.4)
WW892950(6.2)(5.5)(0.7)
XARELTO
US587 637 (7.9)(7.9)— 
Intl  — — — 
WW587 637 (7.9)(7.9)— 
OTHER
US129 138 (6.4)(6.4)— 
Intl176 174 0.6 4.0 (3.4)
WW305 313 (2.5)(0.6)(1.9)
TOTAL INNOVATIVE MEDICINE
US8,5107,8188.9 8.9  
Intl5,9805,9131.1 6.4 (5.3)
WW$14,490 13,7315.5 %7.8 %(2.3)%
See footnotes at end of schedule



Johnson & Johnson
Segment sales
(Dollars in Millions)
SECOND QUARTER
% Change
20242023Reported
Operational(1)
Currency
MEDTECH SEGMENT(2)
CARDIOVASCULAR(4)
US$1,119 908 23.3 %23.3 %— %
Intl753 712 5.7 11.2 (5.5)
WW1,873 1,620 15.6 18.0 (2.4)
ELECTROPHYSIOLOGY
US705 609 15.7 15.7 — 
Intl618 587 5.4 11.1 (5.7)
WW1,323 1,196 10.6 13.4 (2.8)
ABIOMED
US309 272 13.2 13.2 — 
Intl72 59 20.7 25.3 (4.6)
WW379 331 14.5 15.4 (0.9)
SHOCKWAVE(5)
US77  **— 
Intl0  — — — 
WW77  **— 
OTHER CARDIOVASCULAR(4)
US29 27 12.5 12.5 — 
Intl64 67 (4.5)(1.0)(3.5)
WW93 930.3 2.8 (2.5)
ORTHOPAEDICS
US1,422 1,388 2.5 2.5 — 
Intl890 878 1.4 4.5 (3.1)
WW2,312 2,265 2.1 3.3 (1.2)
HIPS
US265 250 5.8 5.8 — 
Intl152 147 3.4 6.8 (3.4)
WW417 397 4.9 6.2 (1.3)
KNEES
US230 221 4.2 4.2 — 
Intl163 142 14.9 17.7 (2.8)
WW394 363 8.4 9.5 (1.1)
TRAUMA
US498 483 3.0 3.0 — 
Intl260 255 2.4 5.5 (3.1)
WW759 739 2.8 3.8 (1.0)
SPINE, SPORTS & OTHER
US430 433 (0.8)(0.8)— 
Intl314 334 (6.1)(2.9)(3.2)
WW743 766 (3.1)(1.7)(1.4)
See footnotes at end of schedule



Johnson & Johnson
Segment sales
(Dollars in Millions)
SECOND QUARTER
% Change
20242023Reported
Operational(1)
Currency
MEDTECH SEGMENT(2)(Continued)
SURGERY
US$995 1,015 (2.0)%(2.0)%— %
Intl1,493 1,580 (5.5)(0.7)(4.8)
WW2,488 2,594 (4.1)(1.2)(2.9)
ADVANCED
US466 466 0.1 0.1 — 
Intl675 757 (10.8)(6.4)(4.4)
WW1,141 1,222 (6.7)(3.9)(2.8)
GENERAL
US528 548 (3.7)(3.7)— 
Intl818 823 (0.7)4.5 (5.2)
WW1,346 1,372 (1.9)1.2 (3.1)
VISION
US523 529 (1.2)(1.2)— 
Intl763 778 (2.0)2.2 (4.2)
WW1,285 1,308 (1.7)0.8 (2.5)
CONTACT LENSES / OTHER
US409 409 0.2 0.2 — 
Intl509 530 (4.0)1.2 (5.2)
WW918 939 (2.2)0.7 (2.9)
SURGICAL
US113 120 (5.8)(5.8)— 
Intl254 249 2.1 4.5 (2.4)
WW367 369 (0.5)1.2 (1.7)
TOTAL MEDTECH
US4,059 3,839 5.7 5.7  
Intl3,898 3,949 (1.3)3.2 (4.5)
WW$7,957 7,788 2.2 %4.4 %(2.2)%
See footnotes at end of schedule



Johnson & Johnson
Segment sales
(Dollars in Millions)
SIX MONTHS
% Change
20242023Reported
Operational(1)
Currency
INNOVATIVE MEDICINE SEGMENT(2)
IMMUNOLOGY
US$5,431 5,313 2.2 %2.2 %— %
Intl3,538 3,295 7.4 12.1 (4.7)
WW8,969 8,608 4.2 6.0 (1.8)
REMICADE
US497 553 (10.1)(10.1)— 
US Exports(3)
62 74 (15.4)(15.4)— 
Intl268 322 (16.9)(13.2)(3.7)
WW827 949 (12.9)(11.6)(1.3)
SIMPONI / SIMPONI ARIA
US521 556 (6.2)(6.2)— 
Intl569 510 11.7 21.3 (9.6)
WW1,091 1,066 2.3 7.0 (4.7)
STELARA
US3,251 3,268 (0.5)(0.5)— 
Intl2,085 1,974 5.6 9.1 (3.5)
WW5,336 5,241 1.8 3.1 (1.3)
TREMFYA
US1,098 856 28.2 28.2 — 
Intl616 489 25.8 31.0 (5.2)
WW1,714 1,346 27.3 29.2 (1.9)
OTHER IMMUNOLOGY
US2 7 (75.4)(75.4)— 
Intl0 0 — — — 
WW2 7 (75.4)(75.4)— 
INFECTIOUS DISEASES
US658 787 (16.4)(16.4)— 
Intl1,128 1,920 (41.3)(40.7)(0.6)
WW1,786 2,707 (34.0)(33.7)(0.3)
COVID-19 VACCINE
US0 0 — — — 
Intl197 1,032 (80.9)(80.9)0.0 
WW197 1,032 (80.9)(80.9)0.0 
EDURANT / rilpivirine
US16 17 (7.0)(7.0)— 
Intl603 529 14.1 14.4 (0.3)
WW620 546 13.4 13.7 (0.3)
PREZISTA / PREZCOBIX / REZOLSTA / SYMTUZA
US635 760 (16.5)(16.5)— 
Intl221 208 6.0 7.8 (1.8)
WW856 968 (11.6)(11.2)(0.4)
OTHER INFECTIOUS DISEASES
US7 10 (29.4)(29.4)— 
Intl107 151 (29.3)(26.0)(3.3)
WW114 161 (29.3)(26.2)(3.1)
See footnotes at end of schedule



Johnson & Johnson
Segment sales
(Dollars in Millions)
SIX MONTHS
% Change
20242023Reported
Operational(1)
Currency
INNOVATIVE MEDICINE SEGMENT(2)(Continued)
NEUROSCIENCE
US$2,156 2,007 7.4 %7.4 %— %
Intl1,428 1,590 (10.2)(5.2)(5.0)
WW3,585 3,597 (0.3)1.9 (2.2)
CONCERTA / methylphenidate
US75 134 (44.3)(44.3)— 
Intl265 279 (5.1)(0.2)(4.9)
WW340 414 (17.8)(14.5)(3.3)
INVEGA SUSTENNA / XEPLION / INVEGA
TRINZA / TREVICTA
US1,549 1,434 8.0 8.0 — 
Intl561 641 (12.4)(8.8)(3.6)
WW2,110 2,075 1.7 2.8 (1.1)
SPRAVATO
US417 255 63.9 63.9 — 
Intl78 45 74.6 76.3 (1.7)
WW496 300 65.5 65.7 (0.2)
OTHER NEUROSCIENCE
US115 184 (37.3)(37.3)— 
Intl524 625 (16.2)(9.5)(6.7)
WW639 809 (21.0)(15.8)(5.2)
ONCOLOGY
US5,019 3,958 26.8 26.8 — 
Intl4,885 4,552 7.3 11.7 (4.4)
WW9,904 8,510 16.4 18.7 (2.3)
CARVYKTI
US307 184 66.8 66.8 — 
Intl36 5 ***
WW343 189 81.5 81.5 0.0 
DARZALEX
US3,105 2,513 23.6 23.6 — 
Intl2,465 2,182 12.9 18.4 (5.5)
WW5,570 4,695 18.6 21.2 (2.6)
ERLEADA
US603 490 23.0 23.0 — 
Intl822 619 32.8 36.5 (3.7)
WW1,425 1,109 28.4 30.5 (2.1)
IMBRUVICA
US511 532 (3.9)(3.9)— 
Intl1,043 1,136 (8.3)(5.6)(2.7)
WW1,554 1,668 (6.9)(5.1)(1.8)
TECVAYLI
US205 139 47.7 47.7 — 
Intl63 18 ***
WW268 157 70.2 70.2 0.0 
ZYTIGA / abiraterone acetate
US20 25 (19.7)(19.7)— 
Intl326 447 (27.2)(22.1)(5.1)
WW346 472 (26.8)(22.0)(4.8)
OTHER ONCOLOGY
US267 75 **— 
Intl131 144 (8.5)(5.8)(2.7)
WW399 219 82.4 %84.2 %(1.8)%
See footnotes at end of schedule



Johnson & Johnson
Segment sales
(Dollars in Millions)
SIX MONTHS
% Change
20242023Reported
Operational(1)
Currency
INNOVATIVE MEDICINE SEGMENT(2)(Continued)
PULMONARY HYPERTENSION
US$1,509 1,284 17.5 %17.5 %— %
Intl579 561 3.4 11.0 (7.6)
WW2,088 1,844 13.2 15.5 (2.3)
OPSUMIT
US729 601 21.3 21.3 — 
Intl339 346 (2.2)2.5 (4.7)
WW1,068 947 12.7 14.4 (1.7)
UPTRAVI
US741 642 15.5 15.5 — 
Intl152 119 27.6 36.4 (8.8)
WW894 761 17.4 18.7 (1.3)
OTHER PULMONARY HYPERTENSION
US38 41 (6.1)(6.1)— 
Intl89 95 (6.7)10.2 (16.9)
WW127 136 (6.5)5.3 (11.8)
CARDIOVASCULAR / METABOLISM / OTHER
US1,3481,491(9.6)(9.6)— 
Intl373386(3.6)(1.9)(1.7)
WW1,7211,877(8.3)(8.0)(0.3)
XARELTO
US1,105 1,215 (9.1)(9.1)— 
Intl  — — — 
WW1,105 1,215 (9.1)(9.1)— 
OTHER
US243 275 (11.8)(11.8)— 
Intl373 386 (3.6)(1.9)(1.7)
WW616 662 (7.0)(6.0)(1.0)
TOTAL INNOVATIVE MEDICINE
US16,12214,8418.6 8.6  
Intl11,93012,303(3.0)1.0 (4.0)
WW$28,052 27,1443.3 %5.2 %(1.9)%
See footnotes at end of schedule



Johnson & Johnson
Segment sales
(Dollars in Millions)
SIX MONTHS
% Change
20242023Reported
Operational(1)
Currency
MEDTECH SEGMENT(2)
CARDIOVASCULAR(4)
US$2,144 1,771 21.1 %21.1 %— %
Intl1,534 1,352 13.4 18.9 (5.5)
WW3,679 3,123 17.8 20.2 (2.4)
ELECTROPHYSIOLOGY
US1,397 1,180 18.4 18.4 — 
Intl1,270 1,109 14.6 20.4 (5.8)
WW2,667 2,288 16.5 19.4 (2.9)
ABIOMED
US612 536 14.1 14.1 — 
Intl139 119 16.5 20.0 (3.5)
WW750 655 14.5 15.2 (0.7)
SHOCKWAVE(5)
US77  **— 
Intl0  — — — 
WW77  **— 
OTHER CARDIOVASCULAR(4)
US59 55 7.7 7.7 — 
Intl126 125 0.8 4.8 (4.0)
WW185 1802.9 5.7 (2.8)
ORTHOPAEDICS
US2,870 2,751 4.3 4.3 — 
Intl1,782 1,759 1.3 3.6 (2.3)
WW4,652 4,510 3.2 4.0 (0.8)
HIPS
US535 491 8.9 8.9 — 
Intl304 296 2.6 5.0 (2.4)
WW839 787 6.5 7.4 (0.9)
KNEES
US472 447 5.5 5.5 — 
Intl323 284 13.6 15.4 (1.8)
WW795 731 8.7 9.4 (0.7)
TRAUMA  
US1,002 974 2.9 2.9 — 
Intl521 522 0.0 2.1 (2.1)
WW1,524 1,496 1.9 2.6 (0.7)
SPINE, SPORTS & OTHER
US862 839 2.7 2.7 — 
Intl634 657 (3.5)(1.0)(2.5)
WW1,495 1,495 0.0 1.1 (1.1)
See footnotes at end of schedule



Johnson & Johnson
Segment sales
(Dollars in Millions)
SIX MONTHS
% Change
20242023Reported
Operational(1)
Currency
MEDTECH SEGMENT(2)(Continued)
SURGERY
US$1,982 1,990 (0.4)%(0.4)%— %
Intl2,922 3,039 (3.8)0.7 (4.5)
WW4,904 5,028 (2.5)0.3 (2.8)
ADVANCED  
US912 910 0.2 0.2 — 
Intl1,316 1,430 (8.0)(3.7)(4.3)
WW2,228 2,340 (4.8)(2.2)(2.6)
GENERAL  
US1,070 1,079 (0.9)(0.9)— 
Intl1,606 1,608 (0.2)4.7 (4.9)
WW2,676 2,688 (0.5)2.4 (2.9)
VISION
US1,070 1,087 (1.5)(1.5)— 
Intl1,473 1,521 (3.2)0.6 (3.8)
WW2,543 2,608 (2.5)(0.3)(2.2)
CONTACT LENSES / OTHER    
US847 853 (0.6)(0.6)— 
Intl981 1,039 (5.6)(0.9)(4.7)
WW1,828 1,892 (3.4)(0.8)(2.6)
SURGICAL    
US223 234 (4.8)(4.8)— 
Intl492 482 2.1 4.0 (1.9)
WW715 716 (0.1)1.1 (1.2)
    
TOTAL MEDTECH
US8,067 7,598 6.2 6.2  
Intl7,711 7,671 0.5 4.6 (4.1)
WW$15,778 15,269 3.3 %5.4 %(2.1)%

Note: Column and rows within tables may not add due to rounding. Percentages have been calculated using actual, non-rounded figures and, therefore, may not recalculate precisely.
*    Percentage greater than 100% or not meaningful
(1)Operational growth excludes the effect of translational currency
(2)Unaudited
(3)Reported as U.S. sales
(4)Previously referred to as Interventional Solutions
(5)Acquired on May 31, 2024



Supplemental sales information (unaudited)
(Dollars in Millions)
SECOND QUARTER
% Change
20242023TotalOperationsCurrency
Innovative Medicine
U.S.$8,510 7,818 8.9 %8.9 — 
International5,980 5,913 1.1 6.4 (5.3)
Worldwide14,490 13,731 5.5 7.8 (2.3)
COVID-19 Vaccine
U.S.— — — — — 
International172 285 (39.7)(39.7)0.0 
Worldwide172 285 (39.7)(39.7)0.0 
Innovative Medicine excluding COVID-19 Vaccine
U.S.8,510 7,818 8.9 8.9 — 
International5,808 5,628 3.2 8.7 (5.5)
Worldwide14,318 13,446 6.5 8.8 (2.3)
Worldwide
U.S.12,569 11,657 7.8 7.8 — 
International9,878 9,862 0.2 5.1 (4.9)
Worldwide22,447 21,519 4.3 6.6 (2.3)
COVID-19 Vaccine
U.S.— — — — — 
International172 285 (39.7)(39.7)0.0 
Worldwide172 285 (39.7)(39.7)0.0 
Worldwide
U.S.12,569 11,657 7.8 7.8 — 
International9,706 9,577 1.3 6.4 (5.1)
Worldwide excluding COVID-19 Vaccine$22,275 21,234 4.9 %7.2 (2.3)
Europe$5,214 5,131 1.6 %3.4 (1.8)
Europe COVID-19 Vaccine Sales172 285 (39.7)(39.7)0.0 
Europe excluding COVID-19 Vaccine$5,042 4,846 4.1 %6.0 (1.9)
Note: Columns and rows within tables may not add due to rounding




Supplemental sales information (unaudited)
(Dollars in Millions)
SIX MONTHS
% Change
20242023TotalOperationsCurrency
Innovative Medicine
U.S.$16,122 14,841 8.6 %8.6 — 
International11,930 12,303 (3.0)1.0 (4.0)
Worldwide28,052 27,144 3.3 5.2 (1.9)
COVID-19 Vaccine
U.S.— — — — — 
International197 1,032 (80.9)(80.9)0.0 
Worldwide197 1,032 (80.9)(80.9)0.0 
Innovative Medicine excluding COVID-19 Vaccine
U.S.16,122 14,841 8.6 8.6 — 
International11,733 11,271 4.1 8.5 (4.4)
Worldwide27,855 26,112 6.7 8.6 (1.9)
Worldwide
U.S.24,189 22,439 7.8 7.8 — 
International19,641 19,974 (1.7)2.4 (4.1)
Worldwide43,830 42,413 3.3 5.2 (1.9)
COVID-19 Vaccine
U.S.— — — — — 
International197 1,032 (80.9)(80.9)0.0 
Worldwide197 1,032 (80.9)(80.9)0.0 
Worldwide
U.S.24,189 22,439 7.8 7.8 — 
International19,444 18,942 2.7 6.9 (4.2)
Worldwide excluding COVID-19 Vaccine$43,633 41,381 5.4 %7.4 (2.0)
Europe$10,377 10,721 (3.2)%(2.4)(0.8)
Europe COVID-19 Vaccine Sales197 1,032 (80.9)(80.9)0.0 
Europe excluding COVID-19 Vaccine$10,180 9,689 5.1 %6.0 (0.9)
Note: Columns and rows within tables may not add due to rounding