8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT PURSUANT TO
SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported) July 29, 2010

BECTON, DICKINSON AND COMPANY

(Exact Name of Registrant as Specified in Its Charter)

New Jersey
(State or Other Jurisdiction of Incorporation)

001-4802	22-0760120
(Commission File Number)	(IRS Employer Identification No.)

1 Becton Drive, Franklin Lakes, New Jersey	07417-1880
(Address of Principal Executive Offices)	(Zip Code)

(201) 847-6800
(Registrant’s Telephone Number, Including Area Code)

N/A
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K Filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230425)

o     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On July 29, 2010, Becton, Dickinson and Company (“BD”) issued a press release announcing its financial results for its third fiscal quarter ending June 30, 2010. A copy of the press release is furnished as Exhibit 99.1 to this report.

The press release furnished as Exhibit 99.1 contains certain financial measures that differ from those presented in accordance with U.S. generally accepted accounting principles (“non-GAAP measures”), as follows:

•	Revenues. We present international and total revenue growth rates (for the total company and each of its business segments and units, and for our safety-engineered devices) for the third quarter and first nine months of fiscal year 2010 after eliminating the effect of foreign currency translation, including gains or losses from our hedging activities. We believe that this allows investors to better understand the underlying operating results of BD and facilitates comparisons to prior periods.
•	Earnings Per Share from Continuing Operations. We present our diluted earnings per share from continuing operations (“EPS”) for the first nine months of fiscal year 2010 after eliminating the non-cash charge related to health care reform impacting Medicare Part D reimbursements. We also present our EPS for the third quarter and first nine months of fiscal year 2009 after excluding the tax benefit relating to various tax settlements, and our EPS for the full 2009 fiscal year after excluding this tax benefit and the impact of the charge relating to our pending settlement of certain antitrust class action suits. These items are not considered by management to be part of ordinary operations. Accordingly, we believe that these adjusted measures of EPS are more indicative of BD’s underlying performance for these periods, and allows investors to more easily compare BD’s performance for these periods and to better understand BD’s EPS guidance for fiscal year 2010.
	We also present our growth in adjusted EPS for the third quarter and first nine months of fiscal year 2010, and our EPS guidance for the full 2010 fiscal year, after eliminating the effect of foreign currency translation, including gains or losses from our hedging activities. We believe that eliminating the effect of foreign currency translation allows investors to better understand the underlying operating results of BD, and facilitates comparisons to the prior year periods.

BD’s management uses each of these non-GAAP measures in its own evaluation of BD’s performance, particularly when comparing performance to past periods. Management also uses the non-GAAP results for budget planning purposes on a quarterly and annual basis.

BD provides non-GAAP measures to investors on a supplemental basis, as they provide additional insight into BD’s financial results. Management believes the non-GAAP results provide a reasonable measure of BD’s underlying performance before the effects of items that are considered by management to be outside of BD’s underlying operational results or that affect period to period comparability.

Non-GAAP results should not be considered in isolation and are not in accordance with, or a substitute for, GAAP results. Our non-GAAP results may differ from similar measures used by other companies, even if similar terms are used to identify such measures. Although BD’s management believes non-GAAP results are useful in evaluating the performance of its business, its reliance on these measures is limited since items excluded from such measures may have a material impact on BD’s net income, earnings per share or cash flows calculated in accordance with GAAP. Therefore, management typically uses non-GAAP results in conjunction with GAAP results to address these limitations. Investors should also consider these limitations when evaluating BD’s results.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

Exhibit 99.1	Press release dated July 29, 2010, which is furnished pursuant to Item 2.02
Exhibit 99.2	Reconciliation of non-GAAP financial measures, which is furnished pursuant to Item 2.02

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

BECTON, DICKINSON AND COMPANY (Registrant)
By:	/s/ Dean J. Paranicas
	Dean J. Paranicas
	Vice President, Corporate Secretary and Public Policy

Date: July 29, 2010

Exhibit Index

99.1	Press release dated July 29, 2010, which is furnished pursuant to Item 2.02
99.2	Reconciliation of non-GAAP financial measures, which is furnished pursuant to Item 2.02

EX-99.1

Exhibit 99.1

1 Becton Drive
Franklin Lakes, NJ 07417
www.bd.com

News Release

Contact:
Sherry L. Bertner, Investor Relations - 201-847-5453
Colleen T. White, Corporate Communications - 201-847-5369

BD ANNOUNCES RESULTS FOR THIRD QUARTER FISCAL 2010

• Reports earnings per share from continuing operations of $1.29, in line with the Company’s expectations;

• Expects full fiscal year 2010 earnings per share from continuing operations, excluding specified items, to increase 3 to 4 percent, or about 9 percent on a foreign currency-neutral basis, which is in line with previously communicated guidance of 8 to 10 percent. On a reported basis, earnings per share from continuing operations are expected to increase about 3 percent.

• Previously announced agreement to sell certain assets of the BD Medical segment remains on track to close in the fourth quarter fiscal 2010; results were not classified as discontinued operations for third quarter fiscal 2010.

Franklin Lakes, NJ (July 29, 2010) - BD (Becton, Dickinson and Company) (NYSE: BDX), a leading global medical technology company, today reported quarterly revenues of $1.878 billion for the third fiscal quarter ended June 30, 2010, representing an increase of 3.2 percent from the prior-year period, or 3.9 percent on a foreign currency-neutral basis.

“We are pleased with our results this quarter, with each of our three segments contributing to our growth. We delivered earnings per share from continuing operations of $1.29, which is in line with the Company’s expectations,” said Edward J. Ludwig, Chairman and Chief Executive Officer. “Despite the challenging global economy, we expect to deliver bottom-line growth of approximately 9 percent foreign-currency neutral, which is in line with our previously communicated range of 8 to 10 percent for the full fiscal year 2010. Profits and cash flows continue to improve as a result of operational efficiencies. We are also pleased to announce that we are increasing our share repurchases to $700 million from $550 million, which supports our ongoing commitment to return value to shareholders.”

Update on the Sale of Certain Assets in the BD Medical Segment

In May 2010, the Company signed agreements to sell certain assets of its BD Medical segment, including the Ophthalmic Systems unit as well as the surgical blades, critical care and extended dwell catheter product platforms of the Medical Surgical Systems unit. For the full fiscal year 2010, revenues and earnings per share associated with these asset groups were estimated at $200 million and $0.20, respectively. The results of operations associated with these asset groups have not been classified as discontinued operations in the accompanying financial tables as the criteria for such classification were not met in the third fiscal quarter 2010. The Company expects to record a gain on the sale in the fourth fiscal quarter 2010, when the transaction is expected to be completed.

Third Quarter and Nine-Month Fiscal Year 2010 Operating Results

Reported diluted earnings per share from continuing operations for the third quarter were $1.29, compared with $1.38 in the prior-year period, representing a 6.5 percent decrease. The prior-year period included a $20 million, or $0.08 per share, tax benefit related to various tax settlements in

multiple jurisdictions. Excluding this item, adjusted diluted earnings per share from continuing operations were $1.30. On a foreign currency-neutral basis, adjusted diluted earnings per share from continuing operations for the third quarter increased by 6.9 percent.

For the nine-month period ending June 30, 2010, reported diluted earnings per share from continuing operations were $3.81, compared with $3.67 in the prior-year period, representing an increase of 3.8 percent. Current year-to-date results include a non-cash charge of $8.9 million, or $0.04 per share from continuing operations related to healthcare reform impacting Medicare Part D reimbursements, and the prior-year period included the aforementioned tax benefit of $0.08 and a litigation charge of $45 million, or $0.11 per share. Excluding these items, adjusted diluted earnings per share from continuing operations increased by 4.1 percent to $3.85, compared with $3.70 adjusted earnings per share in the prior-year period. On a foreign currency-neutral basis, adjusted diluted earnings per share from continuing operations for the nine-month period increased 11.4 percent.

Segment Results

In the BD Medical segment, worldwide revenues for the quarter were $993 million, representing an increase of 2.5 percent compared with the prior-year period, or 2.7 percent on a foreign currency-neutral basis. Revenues reflected solid sales of Diabetes Care products, which were partially offset by softer Pharmaceutical Systems revenues due to timing of orders in the quarter. The comparison to prior year is also negatively impacted by about 1 percentage point due to the H1N1 flu pandemic in fiscal year 2009. For the nine-month period ended June 30, 2010, BD Medical revenues increased 9.3 percent, or 7.6 percent on a foreign currency-neutral basis.

In the BD Diagnostics segment, worldwide revenues for the quarter were $576 million, representing an increase of 1.7 percent compared with the prior-year period, or 2.0 percent on a foreign currency-neutral basis. Economic pressures in the U.S., resulting in reduced physician office visits, and reduced diagnostic volumes in Europe were the primary headwinds in the quarter. The comparison to prior year is also negatively impacted by 1.6 percentage points due to the H1N1 flu pandemic in fiscal year 2009. For the nine-month period ended June 30, 2010, BD Diagnostics revenues increased 4.9 percent, or 4.3 percent on a foreign currency-neutral basis.

In the BD Biosciences segment, worldwide revenues for the quarter were $309 million, representing an increase of 8.4 percent compared with the prior-year period. Revenues increased 11.6 percent on a foreign currency-neutral basis, primarily driven by cell analysis instrument and reagent sales in the U.S., supplemental funding in Japan and a favorable comparison versus the prior-year period. For the nine-month period ended June 30, 2010, BD Biosciences revenues increased 4.7 percent, or 7.3 percent on a foreign currency-neutral basis.

Geographic Results

Third quarter revenues in the U.S. were $830 million, representing an increase of 3.0 percent from the prior-year period. Revenues outside of the U.S. were $1.049 billion, representing an increase of 3.3 percent compared with the prior-year period, or 4.6 percent on a foreign currency-neutral basis. Revenues reflected continuing strength in emerging markets, which was offset by slower growth in Europe. For the nine-month period ended June 30, 2010, revenues in the U.S. were $2.513 billion, representing an increase of 6.3 percent compared with the prior-year period. Revenues outside of the U.S. were $3.127 billion, representing an increase of 7.9 percent compared with the prior-year period, or 6.7 percent on a foreign currency-neutral basis.

Fiscal 2010 Outlook

We expect reported revenues for the full year fiscal 2010 to increase approximately 5 percent, which is one percentage point less than previously communicated guidance, mainly driven by a weaker Euro and overall lower lab testing in the U.S. On a foreign currency-neutral basis, we expect revenues to increase 5 to 6 percent, as compared to our previously communicated guidance of about 6 percent, reflecting the lower lab testing and hospital demand.

We also expect reported diluted earnings per share from continuing operations for the full year fiscal 2010 to increase about 3 percent from $4.92 in fiscal year 2009. Excluding the aforementioned charge of $0.04 related to healthcare reform impacting Medicare Part D reimbursements, we expect diluted earnings per share from continuing operations for the full year fiscal 2010 will increase 3 to 4 percent, or about 9 percent on a foreign currency-neutral basis, which is in line with our previously communicated guidance. This is compared with adjusted diluted earnings per share from continuing operations, excluding the litigation charge of $0.11 and the tax benefit adjustment of $0.08, of $4.95 for fiscal year 2009.

Conference Call Information

A conference call regarding BD’s third quarter results and its expectations for the full fiscal year will be broadcast live on BD’s website, www.bd.com/investors, along with related slides, at 10:00 a.m. (ET) Thursday, July 29, 2010. The conference call will be available for replay on BD’s website, www.bd.com/investors, or at 1-800-642-1687 (domestic) and 1-706-645-9291 (international) through the close of business on Thursday, August 5, 2010, access code 85449987.

Non-GAAP Financial Measures

This news release contains certain non-GAAP financial measures. Reconciliations of these and other non- GAAP measures to the comparable GAAP measures are included in the attached financial tables and the Form 8-K that BD filed today with the SEC.

About BD

BD is a leading global medical technology company that develops, manufactures and sells medical devices, instrument systems and reagents. The Company is dedicated to improving people’s health throughout the world. BD is focused on improving drug delivery, enhancing the quality and speed of diagnosing infectious diseases and cancers, and advancing research, discovery and production of new drugs and vaccines. BD’s capabilities are instrumental in combating many of the world’s most pressing diseases. Founded in 1897 and headquartered in Franklin Lakes, New Jersey, BD employs approximately 29,000 associates in more than 50 countries throughout the world. The Company serves healthcare institutions, life science researchers, clinical laboratories, the pharmaceutical industry and the general public. For more information, please visit www.bd.com.

***

This press release, including the section entitled “Fiscal 2010 Outlook”, contains certain estimates and other forward-looking statements (as defined under Federal securities laws) regarding BD’s performance, including future revenues and earnings per share. All such statements are based upon current expectations of BD and involve a number of business risks and uncertainties. Actual results could vary materially from anticipated results described, implied or projected in any forward-looking statement. With respect to forward-looking statements contained herein, a number of factors could cause actual results to vary materially from any forward-looking statement. These factors include, but are not limited to: the unknown consequences of the recently-enacted healthcare reform in the United States, including the impact of the reduction in Medicare and Medicaid payments to hospitals, pharmaceutical companies and other customers, which could reduce demand for our products and increase downward pricing pressure; adverse changes in regional, national or foreign economic conditions, including any impact that may result from the current global economic downturn on our

ability to access credit markets and finance our operations, the demand for our products and services, or our suppliers’ ability to provide products needed for our operations; changes in interest or foreign currency exchange rates; competitive factors; pricing and market share pressures; difficulties inherent in product development and delays in product introductions; increases in energy costs and their effect on, among other things, the cost of producing BD’s products; fluctuations in costs and availability of raw materials and in BD’s ability to maintain favorable supplier arrangements and relationships; uncertainties of litigation (as described in BD’s filings with the Securities and Exchange Commission); future healthcare reform, including changes in government pricing and reimbursement policies or other cost containment reforms; the effects of potential pandemic diseases; our ability to successfully integrate any businesses we acquire; and issuance of new or revised accounting standards, as well as other factors discussed in BD’s filings with the Securities and Exchange Commission. We do not intend to update any forward-looking statements to reflect events or circumstances after the date hereof except as required by applicable laws or regulations.

BECTON DICKINSON AND COMPANY
CONSOLIDATED INCOME STATEMENTS
(Unaudited; Amounts in thousands, except per share data)

	Three Months Ended June 30,
	2010			2009			% Change
REVENUES	$	1,878,229		$	1,820,255			3.2
Cost of products sold		905,822			860,063			5.3
Selling and administrative		423,684			429,940			(1.5	)
Research and development		108,623			98,489			10.3
TOTAL OPERATING COSTS AND EXPENSES		1,438,129			1,388,492			3.6
OPERATING INCOME		440,100			431,763			1.9
Interest income		2,094			12,767			(83.6	)
Interest expense		(13,085	)		(11,288	)		15.9
Other income (expense), net		1,348			(4,247	)	NM
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		430,457			428,995			0.3
Income tax provision		124,174			90,291			37.5
INCOME FROM CONTINUING OPERATIONS		306,283			338,704			(9.6	)
INCOME FROM DISCONTINUED OPERATIONS NET OF INCOME TAX (BENEFIT) PROVISION OF $(619) AND $214, RESPECTIVELY		625			2,323			(73.1	)
NET INCOME	$	306,908		$	341,027			(10.0	)
EARNINGS PER SHARE
Basic:
Income from continuing operations	$	1.31		$	1.41			(7.1	)
Income from discontinued operations	$	0.00		$	0.01			NM
Net income (1)	$	1.32		$	1.42			(7.0	)
Diluted:
Income from continuing operations	$	1.29		$	1.38			(6.5	)
Income from discontinued operations	$	0.00		$	0.01			NM
Net income	$	1.29		$	1.39			(7.2	)
AVERAGE SHARES OUTSTANDING
Basic		233,242			240,109
Diluted		238,319			245,696

	NM — Not Meaningful
(1)	Total per share amounts may not add due to rounding

Page 1

BECTON DICKINSON AND COMPANY
CONSOLIDATED INCOME STATEMENTS
(Unaudited; Amounts in thousands, except per share data)

	Nine Months Ended June 30,
	2010			2009			% Change
REVENUES	$	5,639,857		$	5,263,141			7.2
Cost of products sold		2,712,259			2,485,687			9.1
Selling and administrative		1,300,958			1,272,318			2.3
Research and development		310,025			294,391			5.3
TOTAL OPERATING COSTS AND EXPENSES		4,323,242			4,052,396			6.7
OPERATING INCOME		1,316,615			1,210,745			8.7
Interest income		20,535			18,730			9.6
Interest expense		(38,985	)		(26,607	)		46.5
Other expense, net		(843	)		(538	)		56.7
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		1,297,322			1,202,330			7.9
Income tax provision		377,336			295,033			27.9
INCOME FROM CONTINUING OPERATIONS		919,986			907,297			1.4
INCOME FROM DISCONTINUED OPERATIONS NET OF INCOME TAX (BENEFIT) PROVISION OF $(519) AND $1,681, RESPECTIVELY		929			7,086			(86.9	)
NET INCOME	$	920,915		$	914,383			0.7
EARNINGS PER SHARE
Basic:
Income from continuing operations	$	3.91		$	3.77			3.7
Income from discontinued operations	$	0.00		$	0.03			NM
Net income	$	3.91		$	3.80			2.9
Diluted:
Income from continuing operations	$	3.81		$	3.67			3.8
Income from discontinued operations	$	0.00		$	0.03			NM
Net income (1)	$	3.82		$	3.70			3.2
AVERAGE SHARES OUTSTANDING
Basic		235,316			240,923
Diluted		241,151			247,083

	NM — Not Meaningful
(1)	Total per share amounts may not add due to rounding

Page 2

BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY SEGMENT AND GEOGRAPHIC AREA
(Unaudited; Amounts in thousands)

	Three Months Ended June 30,
	2010		2009		% Change
BD MEDICAL
United States	$	401,965	$	397,898		1.0
International		590,875		570,773		3.5
TOTAL	$	992,840	$	968,671		2.5
BD DIAGNOSTICS
United States	$	303,521	$	299,374		1.4
International		272,748		267,005		2.2
TOTAL	$	576,269	$	566,379		1.7
BD BIOSCIENCES
United States	$	124,146	$	108,136		14.8
International		184,974		177,069		4.5
TOTAL	$	309,120	$	285,205		8.4
TOTAL REVENUES
United States	$	829,632	$	805,408		3.0
International		1,048,597		1,014,847		3.3
TOTAL	$	1,878,229	$	1,820,255		3.2

Page 3

BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY SEGMENT AND GEOGRAPHIC AREA
(Unaudited; Amounts in thousands)

	Nine Months Ended June 30,
	2010		2009		% Change
BD MEDICAL
United States	$	1,254,592	$	1,167,062		7.5
International		1,723,954		1,558,285		10.6
TOTAL	$	2,978,546	$	2,725,347		9.3
BD DIAGNOSTICS
United States	$	906,566	$	872,055		4.0
International		820,849		774,156		6.0
TOTAL	$	1,727,415	$	1,646,211		4.9
BD BIOSCIENCES
United States	$	351,933	$	325,926		8.0
International		581,963		565,657		2.9
TOTAL	$	933,896	$	891,583		4.7
TOTAL REVENUES
United States	$	2,513,091	$	2,365,043		6.3
International		3,126,766		2,898,098		7.9
TOTAL	$	5,639,857	$	5,263,141		7.2

Page 4

BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND UNITS
Three Months Ended June 30,
(Unaudited; Amounts in thousands)

	United States
	2010		2009		% Change
BD MEDICAL
Medical Surgical Systems	$	252,438	$	256,171		(1.5	)
Diabetes Care		96,071		91,330		5.2
Pharmaceutical Systems		45,824		43,460		5.4
Ophthalmic Systems		7,632		6,937		10.0
TOTAL	$	401,965	$	397,898		1.0
BD DIAGNOSTICS
Preanalytical Systems	$	159,228	$	155,760		2.2
Diagnostic Systems		144,293		143,614		0.5
TOTAL	$	303,521	$	299,374		1.4
BD BIOSCIENCES
Cell Analysis	$	84,365	$	70,518		19.6
Discovery Labware		39,781		37,618		5.7
TOTAL	$	124,146	$	108,136		14.8
TOTAL UNITED STATES	$	829,632	$	805,408		3.0

Page 5

BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND UNITS
Three Months Ended June 30, (continued)
(Unaudited; Amounts in thousands)

	International
					% Change
	2010		2009		Reported			FXN			FX Impact
BD MEDICAL
Medical Surgical Systems	$	267,461	$	242,701		10.2			7.4			2.8
Diabetes Care		101,081		94,521		6.9			7.2			(0.3	)
Pharmaceutical Systems		208,993		220,503		(5.2	)		(1.6	)		(3.6	)
Ophthalmic Systems		13,340		13,048		2.2			7.1			(4.9	)
TOTAL	$	590,875	$	570,773		3.5			3.9			(0.4	)
BD DIAGNOSTICS
Preanalytical Systems	$	144,298	$	136,427		5.8			5.9			(0.1	)
Diagnostic Systems		128,450		130,578		(1.6	)		(0.5	)		(1.1	)
TOTAL	$	272,748	$	267,005		2.2			2.7			(0.5	)
BD BIOSCIENCES
Cell Analysis	$	146,068	$	139,251		4.9			10.5			(5.6	)
Discovery Labware		38,906		37,818		2.9			6.8			(3.9	)
TOTAL	$	184,974	$	177,069		4.5			9.7			(5.2	)
TOTAL INTERNATIONAL	$	1,048,597	$	1,014,847		3.3			4.6			(1.3	)

Page 6

BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND UNITS
Three Months Ended June 30, (continued)
(Unaudited; Amounts in thousands)

	Total
					% Change
	2010		2009		Reported			FXN			FX Impact
BD MEDICAL
Medical Surgical Systems	$	519,899	$	498,872		4.2			2.8			1.4
Diabetes Care		197,152		185,851		6.1			6.2			(0.1	)
Pharmaceutical Systems		254,817		263,963		(3.5	)		(0.4	)		(3.1	)
Ophthalmic Systems		20,972		19,985		4.9			8.1			(3.2	)
TOTAL	$	992,840	$	968,671		2.5			2.7			(0.2	)
BD DIAGNOSTICS
Preanalytical Systems	$	303,526	$	292,187		3.9			3.9			—
Diagnostic Systems		272,743		274,192		(0.5	)		—			(0.5	)
TOTAL	$	576,269	$	566,379		1.7			2.0			(0.3	)
BD BIOSCIENCES
Cell Analysis	$	230,433	$	209,769		9.9			13.6			(3.7	)
Discovery Labware		78,687		75,436		4.3			6.3			(2.0	)
TOTAL	$	309,120	$	285,205		8.4			11.6			(3.2	)
TOTAL REVENUES	$	1,878,229	$	1,820,255		3.2			3.9			(0.7	)

Page 7

BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND UNITS
Nine Months Ended June 30,
(Unaudited; Amounts in thousands)

	United States
	2010		2009		% Change
BD MEDICAL
Medical Surgical Systems	$	787,574	$	754,776		4.3
Diabetes Care		285,150		263,028		8.4
Pharmaceutical Systems		159,923		129,177		23.8
Ophthalmic Systems		21,945		20,081		9.3
TOTAL	$	1,254,592	$	1,167,062		7.5
BD DIAGNOSTICS
Preanalytical Systems	$	465,395	$	452,426		2.9
Diagnostic Systems		441,171		419,629		5.1
TOTAL	$	906,566	$	872,055		4.0
BD BIOSCIENCES
Cell Analysis	$	240,152	$	219,668		9.3
Discovery Labware		111,781		106,258		5.2
TOTAL	$	351,933	$	325,926		8.0
TOTAL UNITED STATES	$	2,513,091	$	2,365,043		6.3

Page 8

BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND UNITS
Nine Months Ended June 30, (continued)
(Unaudited; Amounts in thousands)

	International
					% Change
	2010		2009		Reported		FX Neutral		FX Impact
BD MEDICAL
Medical Surgical Systems	$	798,440	$	697,178		14.5		9.7		4.8
Diabetes Care		301,508		271,221		11.2		8.1		3.1
Pharmaceutical Systems		583,251		550,718		5.9		5.0		0.9
Ophthalmic Systems		40,755		39,168		4.1		5.3		(1.2	)
TOTAL	$	1,723,954	$	1,558,285		10.6		7.6		3.0
BD DIAGNOSTICS
Preanalytical Systems	$	425,967	$	396,380		7.5		5.3		2.2
Diagnostic Systems		394,882		377,776		4.5		3.9		0.6
TOTAL	$	820,849	$	774,156		6.0		4.6		1.4
BD BIOSCIENCES
Cell Analysis	$	464,091	$	450,615		3.0		7.1		(4.1	)
Discovery Labware		117,872		115,042		2.5		5.8		(3.3	)
TOTAL	$	581,963	$	565,657		2.9		6.8		(3.9	)
TOTAL INTERNATIONAL	$	3,126,766	$	2,898,098		7.9		6.7		1.2

Page 9

BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND UNITS
Nine Months Ended June 30, (continued)
(Unaudited; Amounts in thousands)

	Total
					% Change
	2010		2009		Reported		FX Neutral		FX Impact
BD MEDICAL
Medical Surgical Systems	$	1,586,014	$	1,451,954		9.2		6.9		2.3
Diabetes Care		586,658		534,249		9.8		8.2		1.6
Pharmaceutical Systems		743,174		679,895		9.3		8.5		0.8
Ophthalmic Systems		62,700		59,249		5.8		6.6		(0.8	)
TOTAL	$	2,978,546	$	2,725,347		9.3		7.6		1.7
BD DIAGNOSTICS
Preanalytical Systems	$	891,362	$	848,806		5.0		4.0		1.0
Diagnostic Systems		836,053		797,405		4.8		4.5		0.3
TOTAL	$	1,727,415	$	1,646,211		4.9		4.3		0.6
BD BIOSCIENCES
Cell Analysis	$	704,243	$	670,283		5.1		7.8		(2.7	)
Discovery Labware		229,653		221,300		3.8		5.5		(1.7	)
TOTAL	$	933,896	$	891,583		4.7		7.3		(2.6	)
TOTAL REVENUES	$	5,639,857	$	5,263,141		7.2		6.5		0.7

Page 10

BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
SAFETY REVENUES
(Unaudited; Amounts in thousands)

	Three Months Ended June 30,
					% Change
	2010		2009		Reported		FXN		FX Impact
TOTAL SAFETY REVENUES
United States	$	277,005	$	272,719		1.6		1.6		—
International		158,764		148,970		6.6		6.5		0.1
TOTAL	$	435,769	$	421,689		3.3		3.3		—
BY SEGMENT
BD Medical	$	202,714	$	198,642		2.0		1.8		0.2
BD Diagnostics		233,055		223,047		4.5		4.7		(0.2	)
TOTAL	$	435,769	$	421,689		3.3		3.3		—

	Nine Months Ended June 30,
					% Change
	2010		2009		Reported		FXN		FX Impact
TOTAL SAFETY REVENUES
United States	$	844,036	$	796,714		5.9		5.9		—
International		464,254		419,768		10.6		7.9		2.7
TOTAL	$	1,308,290	$	1,216,482		7.5		6.6		0.9
BY SEGMENT
BD Medical	$	631,572	$	574,984		9.8		8.7		1.1
BD Diagnostics		676,718		641,498		5.5		4.7		0.8
TOTAL	$	1,308,290	$	1,216,482		7.5		6.6		0.9

Page 11

EX-99.2

Exhibit 99.2

Reconciliations of non-GAAP financial measures

(All figures are rounded. Totals may not add up due to rounding)

Third quarter and first nine months fiscal year (“FY”) 2009 adjusted diluted earnings per share from continuing operations (“EPS”)

	Third Quarter			First Nine Months
Reported EPS		$1.38			$3.67
Tax benefit (1)		($0.08	)		($0.08	)
Litigation charge (2)					$ 0.11
Adjusted EPS		$1.30			$3.70

(1)	Represents the tax benefit relating to various tax settlements in multiple jurisdictions.
(2)	Represents the charge relating to the pending settlement with the direct purchaser plaintiffs (which includes BD’s distributors) in the antitrust class actions.

Full year FY 2009 adjusted EPS

Reported EPS	$	4.92
Tax benefit (1)		($0.08	)
Litigation charge (2)	$	0.11
Adjusted EPS	$	4.95

(1)	Represents the tax benefit relating to various tax settlements in multiple jurisdictions.
(2)	Represents the charge relating to the pending settlement with the direct purchaser plaintiffs (which includes BD’s distributors) in the antitrust class actions.

First nine months FY 2010 adjusted EPS

	Second Quarter
Reported EPS		$3.81
Tax charge (1)		$0.04
Adjusted EPS		$3.85

(1) Represents impact of non-cash charge related to health care reform impacting Medicare Part D reimbursements.

Third quarter FY2010 foreign currency-neutral EPS growth

Q3

Q3 FY2010

Total

Foreign

Foreign

Reported

Adjusted

FY2009

impact of

unfavorable

currency

currency

Q3

Q3

Change

hedge

foreign currency

foreign currency

neutral

neutral

FY2010

FY2009

($)

gain

translation

impact

growth ($)

growth (%)

EPS

$

1.29

$

1.30

($0.01

)

($0.07

)

($0.02

)

($0.10

)

$

0.09

6.9

%

First nine months FY2010 foreign currency-neutral EPS growth

							FY2009						FY2010					Total			Foreign		Foreign
							foreign						impact of					unfavorable			currency		currency
							currency			FY2009			foreign		FY2010			foreign			neutral		neutral
					Change		holding			hedge			currency		hedge			currency			growth		growth
	FY2010		FY2009		($)		gain			gain			translation		loss			impact			($)		(%)
Adjusted EPS	$	3.85	$	3.70	$	0.15		($0.09	)		($0.23	)	$	0.16		($0.11	)		($0.27	)	$	0.42		11.4	%

FY 2010 EPS Outlook

	Estimated growth
	(based on adjusted			Estimated foreign
	FY2009 EPS of			currency neutral			Impact of foreign
	$4.95)			growth			currency translation
EPS guidance — reported		2-3	%		8	%		- 5	%
Tax charge (1)		1	%		1	%
EPS guidance — as adjusted		3-4	%		9	%		- 5	%

(1)	Represents impact of non-cash charge related to health care reform impacting Medicare Part D reimbursements.
The FY2010 impact of -5% represents the year-on-year change due to estimated foreign currency translation, including hedging activities, as follows:

FY2009 Items:
Actual hedge gain in FY2009	$	(0.26	)
Q1 FY2009 foreign currency holding gain	$	(0.09	)
FY2010 Activity: *
Estimated favorable effect of foreign currency translation	$	0.15
Estimated hedge losses	$	(0.06	)
Total Year-on-Year Impact	$	(0.26	)
Impact on EPS Growth	$	(0.26)/$4.95 ~ - 5	%

* Estimated impact is based on the foreign exchange rates established for BD’s most recent fiscal year 2010 projection.