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Consolidated Statements of Earnings (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 30, 2012
Jan. 01, 2012
Jan. 02, 2011
Sales to customers $ 67,224 $ 65,030 $ 61,587
Cost of products sold 21,658 20,360 18,792
Gross profit 45,566 44,670 42,795
Selling, marketing and administrative expenses 20,869 20,969 19,424
Research and development expense 7,665 7,548 6,844
In-process research and development 1,163 0 0
Interest income (64) (91) (107)
Interest expense, net of portion capitalized 532 571 455
Other (income) expense, net 1,626 2,743 (768)
Restructuring expense 0 569 0
Earnings before provision for taxes on income 13,775 [1] 12,361 [2] 16,947 [3]
Provision for taxes on income 3,261 2,689 3,613
Net Earnings 10,514 9,672 13,334
Add: Net Loss Attributable to Noncontrolling Interest 339 0 0
Net earnings attributable to Johnson & Johnson $ 10,853 $ 9,672 $ 13,334
Net earnings per share attributable to Johnson & Johnson      
Basic $ 3.94 $ 3.54 $ 4.85
Diluted $ 3.86 $ 3.49 $ 4.78
Cash dividends per share $ 2.40 $ 2.25 $ 2.11
Average shares outstanding      
Basic 2,753.3 2,736.0 2,751.4
Diluted 2,812.6 2,775.3 2,788.8
[1] Includes $1,218 million of net litigation expense, which includes product liability, comprised of $658 million and $560 million in the Pharmaceutical and Medical Devices and Diagnostics segments, respectively. Includes $1,163 million of in-process research and development expense, comprised of $1,111 million and $52 million in the Pharmaceutical and Medical Devices and Diagnostics segments, respectively. Includes $795 million of Synthes integration/transaction costs in the Medical Devices and Diagnostics segment. Includes $909 million of asset write-downs and other adjustments, comprised of $499 million, $264 million and $146 million in the Pharmaceutical, Consumer and Medical Devices and Diagnostics segments, respectively. The Medical Devices and Diagnostics segment also includes $110 million expense for the cost associated with the DePuy ASR™ Hip program.
[2] Includes $3,310 million of net litigation expense, which includes product liability, comprised of $1,741 million and $1,569 million in the Pharmaceutical and Medical Devices and Diagnostics segments, respectively. Includes $656 million of net restructuring expense, comprised of $676 million expense in the Medical Devices and Diagnostics segment and a gain of $20 million in the Pharmaceutical segment. The Medical Devices and Diagnostics segment also includes $521 million expense for the cost associated with the DePuy ASR™ Hip program.
[3] Includes $397 million of net litigation gain, which includes product liability expense, comprised of $447 million expense in the Pharmaceutical segment and a gain of $844 million in the Medical Devices and Diagnostics segment. The Medical Devices and Diagnostics segment also includes $280 million expense for the cost associated with the DePuy ASR™ Hip program.