2020 Q4 Form 10-Q Financial Statement

#000020040620000056 Filed on October 23, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q3
Revenue $21.08B $20.73B
YoY Change 1.7% -0.48%
Cost Of Revenue $6.972B $6.867B
YoY Change 1.53% 4.22%
Gross Profit $14.11B $13.86B
YoY Change 1.79% 0.75%
Gross Profit Margin 66.93% 66.87%
Selling, General & Admin $5.431B $5.374B
YoY Change 1.06% -3.05%
% of Gross Profit 38.49% 38.77%
Research & Development $2.840B $2.599B
YoY Change 9.27% 3.63%
% of Gross Profit 20.13% 18.75%
Depreciation & Amortization $1.818B $1.727B
YoY Change 5.27% 0.58%
% of Gross Profit 12.88% 12.46%
Operating Expenses $8.271B $7.973B
YoY Change 3.74% -0.97%
Operating Profit $5.839B $5.889B
YoY Change -0.85% 3.17%
Interest Expense $44.00M $48.00M
YoY Change -8.33% -80.25%
% of Operating Profit 0.75% 0.82%
Other Income/Expense, Net -$1.200B -$4.214B
YoY Change -71.52% 140366.67%
Pretax Income $4.401B $1.647B
YoY Change 167.21% -62.76%
Income Tax $847.0M -$106.0M
% Of Pretax Income 19.25% -6.44%
Net Earnings $3.554B $1.753B
YoY Change 102.74% -55.44%
Net Earnings / Revenue 16.86% 8.46%
Basic Earnings Per Share $1.35 $0.67
Diluted Earnings Per Share $1.33 $0.66
COMMON SHARES
Basic Shares Outstanding 2.633B shares 2.633B shares 2.635B shares
Diluted Shares Outstanding 2.669B shares 2.670B shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $30.78B $17.95B
YoY Change 71.53% -1.07%
Cash & Equivalents $18.97B $16.25B
Short-Term Investments $20.07B $13.80B
Other Short-Term Assets $2.619B $2.414B
YoY Change 8.49% -44.86%
Inventory $9.599B $9.173B
Prepaid Expenses
Receivables $14.58B $14.80B
Other Receivables $0.00 $0.00
Total Short-Term Assets $57.58B $44.33B
YoY Change 29.88% -6.06%
LONG-TERM ASSETS
Property, Plant & Equipment $17.86B $17.05B
YoY Change 4.73% 2.52%
Goodwill $34.31B $33.29B
YoY Change 3.05% 8.43%
Intangibles $47.01B $47.85B
YoY Change -1.76% -1.63%
Long-Term Investments $1.140B $863.0M
YoY Change 32.1% 23.82%
Other Assets $6.131B $5.307B
YoY Change 15.53% 18.86%
Total Long-Term Assets $113.1B $111.2B
YoY Change 1.73% 2.47%
TOTAL ASSETS
Total Short-Term Assets $57.58B $44.33B
Total Long-Term Assets $113.1B $111.2B
Total Assets $170.7B $155.5B
YoY Change 9.76% -0.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.044B $7.491B
YoY Change -5.97% 7.01%
Accrued Expenses $9.629B $9.004B
YoY Change 6.94% 48.97%
Deferred Revenue
YoY Change
Short-Term Debt $5.078B $2.299B
YoY Change 120.88% 29.67%
Long-Term Debt Due $5.078B $1.799B
YoY Change 182.27% -13.43%
Total Short-Term Liabilities $38.85B $35.16B
YoY Change 10.48% 28.16%
LONG-TERM LIABILITIES
Long-Term Debt $32.68B $26.92B
YoY Change 21.4% -8.69%
Other Long-Term Liabilities $12.15B $11.38B
YoY Change 6.75% 33.3%
Total Long-Term Liabilities $44.83B $38.30B
YoY Change 17.05% 0.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $38.85B $35.16B
Total Long-Term Liabilities $44.83B $38.30B
Total Liabilities $106.2B $97.31B
YoY Change 9.16% 6.84%
SHAREHOLDERS EQUITY
Retained Earnings $114.8B $109.2B
YoY Change 5.12% 1.51%
Common Stock $3.120B $3.120B
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $38.54B $38.62B
YoY Change -0.2% 22.74%
Treasury Stock Shares 487.7M shares 488.9M shares
Shareholders Equity $64.47B $58.21B
YoY Change
Total Liabilities & Shareholders Equity $170.7B $155.5B
YoY Change 9.76% -0.12%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income $3.554B $1.753B
YoY Change 102.74% -55.44%
Depreciation, Depletion And Amortization $1.818B $1.727B
YoY Change 5.27% 0.58%
Cash From Operating Activities $8.383B $7.527B
YoY Change 11.37% 23.82%
INVESTING ACTIVITIES
Capital Expenditures -$737.0M -$745.0M
YoY Change -1.07% -14.86%
Acquisitions
YoY Change
Other Investing Activities -$4.082B -$900.0M
YoY Change 353.56% -233.53%
Cash From Investing Activities -$4.819B -$1.645B
YoY Change 192.95% 718.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.196B -3.893B
YoY Change -207.78% 45.59%
NET CHANGE
Cash From Operating Activities 8.383B 7.527B
Cash From Investing Activities -4.819B -1.645B
Cash From Financing Activities 4.196B -3.893B
Net Change In Cash 7.760B 1.989B
YoY Change 290.15% -37.92%
FREE CASH FLOW
Cash From Operating Activities $8.383B $7.527B
Capital Expenditures -$737.0M -$745.0M
Free Cash Flow $9.120B $8.272B
YoY Change 10.25% 18.95%

Facts In Submission

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us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:3pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;">Use of Estimates </span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The extent to which COVID-19 impacts the Company’s business and financial results will depend on numerous evolving factors including, but not limited to: the magnitude and duration of COVID-19, the extent to which it will impact worldwide macroeconomic conditions including interest rates, employment rates and health insurance coverage, the speed of the anticipated recovery, and governmental and business reactions to the pandemic. The Company assessed certain accounting matters that generally require consideration of forecasted financial information in context with the information reasonably available to the Company and the unknown future impacts COVID-19 as of September 27, 2020 and through the date of this report. The accounting matters assessed included, but were not limited to, the Company’s allowance for doubtful accounts and credit losses, inventory and related reserves, accrued rebates and associated reserves, and the carrying value of the goodwill and other long-lived assets. While there was not a material impact to the Company’s consolidated financial statements as of and for the quarter ended September 27, 2020, the Company’s future assessment of the magnitude and duration of COVID-19, as well as other factors, could result in material impacts to the Company’s consolidated financial statements in future reporting periods.</span></div>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;">Reclassification</span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Certain prior period amounts have been reclassified to conform to current year presentation.</span></div>
CY2020Q3 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
1363000000 USD
CY2020Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1916000000 USD
CY2019Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1832000000 USD
CY2020Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
6320000000 USD
CY2019Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
6071000000 USD
CY2020Q3 us-gaap Inventory Net
InventoryNet
9599000000 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
9020000000 USD
CY2020Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
12695000000 USD
CY2019Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
11569000000 USD
CY2020Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
47006000000 USD
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
47643000000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
33639000000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
184000000 USD
us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
484000000 USD
CY2020Q3 us-gaap Goodwill
Goodwill
34307000000 USD
CY2020Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1200000000 USD
CY2019Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1100000000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3400000000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3300000000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
4500000000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
4300000000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
4100000000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
4100000000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
3900000000 USD
CY2020Q3 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
AociLossCashFlowHedgeCumulativeGainLossAfterTax
-811000000 USD
us-gaap Description Of Reclassification Of Cash Flow Hedge Gain Loss
DescriptionOfReclassificationOfCashFlowHedgeGainLoss
next 12 months
us-gaap Maximum Length Of Time Foreign Currency Cash Flow Hedge
MaximumLengthOfTimeForeignCurrencyCashFlowHedge
P18M
CY2020Q3 us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease Before Adjustments And Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseBeforeAdjustmentsAndTax
-169000000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease Before Adjustments And Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseBeforeAdjustmentsAndTax
162000000 USD
us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease Before Adjustments And Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseBeforeAdjustmentsAndTax
-217000000 USD
us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease Before Adjustments And Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseBeforeAdjustmentsAndTax
176000000 USD
CY2020Q3 us-gaap Derivative Instruments In Hedges Assets At Fair Value
DerivativeInstrumentsInHedgesAssetsAtFairValue
1247000000 USD
CY2020Q3 us-gaap Derivative Instruments In Hedges Liabilities At Fair Value
DerivativeInstrumentsInHedgesLiabilitiesAtFairValue
709000000 USD
CY2019Q4 us-gaap Derivative Assets
DerivativeAssets
84000000 USD
CY2020Q3 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
1140000000 USD
CY2019Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
1148000000 USD
CY2020Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
13391000000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
4368000000 USD
CY2020Q3 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
636000000 USD
CY2019Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
1715000000 USD
CY2020Q3 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
1311000000 USD
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
925000000 USD
CY2020Q3 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
1117000000 USD
CY2019Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
841000000 USD
CY2020Q3 us-gaap Derivative Assets
DerivativeAssets
194000000 USD
CY2020Q3 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
765000000 USD
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
652000000 USD
CY2020Q3 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
737000000 USD
CY2019Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
586000000 USD
CY2020Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
28000000 USD
CY2019Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
66000000 USD
CY2019Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
1715000000 USD
CY2018Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
397000000 USD
jnj Fair Value Measurementwith Unobservable Inputs Reconciliation Recurring Basis Change In Estimated Fair Value
FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisChangeInEstimatedFairValue
-1088000000 USD
jnj Fair Value Measurementwith Unobservable Inputs Reconciliation Recurring Basis Change In Estimated Fair Value
FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisChangeInEstimatedFairValue
117000000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
107000000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
1133000000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
98000000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
9000000 USD
CY2020Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
636000000 USD
CY2019Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
1638000000 USD
CY2020Q3 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
30780000000 USD
CY2020Q3 jnj Cash Cash Equivalentsand Shortterm Investments Accumulated Gross Unrealized Gain
CashCashEquivalentsandShorttermInvestmentsAccumulatedGrossUnrealizedGain
1000000 USD
CY2020Q3 jnj Cash Cash Equivalents And Short Term Investments Accumulated Gross Unrealized Loss
CashCashEquivalentsAndShortTermInvestmentsAccumulatedGrossUnrealizedLoss
0 USD
CY2020Q3 jnj Cash Cash Equivalents And Short Term Investments Estimated Fair Value
CashCashEquivalentsAndShortTermInvestmentsEstimatedFairValue
30781000000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
18965000000 USD
CY2020Q3 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
11816000000 USD
CY2020Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
13368000000 USD
CY2020Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
13369000000 USD
CY2020Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
22000000 USD
CY2020Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
22000000 USD
CY2020Q3 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
0 USD
CY2020Q3 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
0 USD
CY2020Q3 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
13390000000 USD
CY2020Q3 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate
13391000000 USD
CY2020Q3 us-gaap Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
0.0285
CY2019 jnj Excess Of Fair Value Over Carrying Value Of Debt
ExcessOfFairValueOverCarryingValueOfDebt
3000000000.0 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.126
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.153
CY2020Q1 jnj Federal Act On Tax Reform And Ahv Financing Deferred Tax Asset
FederalActOnTaxReformAndAHVFinancingDeferredTaxAsset
300000000 USD
CY2020Q1 jnj Federal Act On Tax Reform And Ahv Financing Gilti Remeasurement Income Tax Expense Benefit
FederalActOnTaxReformAndAHVFinancingGILTIRemeasurementIncomeTaxExpenseBenefit
200000000 USD
jnj Federal Act On Tax Reform And Ahv Financing Deferred Tax Asset
FederalActOnTaxReformAndAHVFinancingDeferredTaxAsset
400000000 USD
jnj Federal Act On Tax Reform And Ahv Financing Deferred Tax Asset Percent
FederalActOnTaxReformAndAHVFinancingDeferredTaxAssetPercent
0.027
jnj Federal Act On Tax Reform And Ahv Financing Deferred Tax Asset Percent
FederalActOnTaxReformAndAHVFinancingDeferredTaxAssetPercent
0.030
jnj Effective Income Tax Rate Reconciliation Increase Decrease Percent
EffectiveIncomeTaxRateReconciliationIncreaseDecreasePercent
0.020
CY2020Q3 jnj Effective Income Tax Rate Reconciliation Change In Contingent Consideration Liability Percent
EffectiveIncomeTaxRateReconciliationChangeInContingentConsiderationLiabilityPercent
0.011
CY2019Q3 jnj Effective Income Tax Reconciliation Percent Revised Agreement From Litigation Settlement
EffectiveIncomeTaxReconciliationPercentRevisedAgreementFromLitigationSettlement
0.230
CY2020Q3 jnj Effective Income Tax Reconciliation Percent Revised Agreement From Litigation Settlement
EffectiveIncomeTaxReconciliationPercentRevisedAgreementFromLitigationSettlement
0.214
CY2020Q3 jnj Accrued Professional Fees Revised Agreement From Litigation Settlement
AccruedProfessionalFeesRevisedAgreementFromLitigationSettlement
1000000000.0 USD
jnj Effective Income Tax Reconciliation Percent Revised Agreement From Litigation Settlement
EffectiveIncomeTaxReconciliationPercentRevisedAgreementFromLitigationSettlement
0.214
CY2020Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3300000000 USD
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.35
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.67
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.93
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.19
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2632500000 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2635200000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2633000000.0 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2649500000 shares
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
115700000 shares
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
117800000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
120200000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
137600000 shares
CY2020Q3 jnj Shares Which Could Be Repurchased Under Treasury Stock Method
SharesWhichCouldBeRepurchasedUnderTreasuryStockMethod
78900000 shares
CY2019Q3 jnj Shares Which Could Be Repurchased Under Treasury Stock Method
SharesWhichCouldBeRepurchasedUnderTreasuryStockMethod
83800000 shares
jnj Shares Which Could Be Repurchased Under Treasury Stock Method
SharesWhichCouldBeRepurchasedUnderTreasuryStockMethod
82400000 shares
jnj Shares Which Could Be Repurchased Under Treasury Stock Method
SharesWhichCouldBeRepurchasedUnderTreasuryStockMethod
99700000 shares
CY2020Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2019Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
700000 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
700000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2669300000 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2669900000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2670800000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2688100000 shares
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.33
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.66
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.86
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.13
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
20000000 shares
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
19000000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
17000000 shares
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
21082000000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
20729000000 USD
CY2020Q3 jnj Percentage Change In Sales By Segment Of Business
PercentageChangeInSalesBySegmentOfBusiness
0.017
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
60109000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
61312000000 USD
jnj Percentage Change In Sales By Segment Of Business
PercentageChangeInSalesBySegmentOfBusiness
-0.020
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
4401000000 USD
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1647000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
14850000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
13110000000 USD
jnj Percentage Change In Operating Income Loss
PercentageChangeInOperatingIncomeLoss
0.133
CY2020Q3 jnj Amount Prepaid And Due To Manufacturers
AmountPrepaidAndDueToManufacturers
800000000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
21082000000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
20729000000 USD
CY2020Q3 jnj Percentage Change In Sales By Geographic Area
PercentageChangeInSalesByGeographicArea
0.017
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
60109000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
61312000000 USD
jnj Percentage Change In Sales By Geographic Area
PercentageChangeInSalesByGeographicArea
-0.020
jnj Restructuring And Related Cost Expected Period Of Cash Outlays For Severance Paid
RestructuringAndRelatedCostExpectedPeriodOfCashOutlaysForSeverancePaid
P2Y

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