2021 Q4 Form 10-Q Financial Statement

#000020040621000070 Filed on October 29, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2020 Q3
Revenue $23.34B $21.08B
YoY Change 1.7%
Cost Of Revenue $7.250B $6.972B
YoY Change 1.53%
Gross Profit $16.09B $14.11B
YoY Change 1.79%
Gross Profit Margin 68.93% 66.93%
Selling, General & Admin $6.000B $5.431B
YoY Change 1.06%
% of Gross Profit 37.29% 38.49%
Research & Development $3.422B $2.840B
YoY Change 9.27%
% of Gross Profit 21.27% 20.13%
Depreciation & Amortization $1.814B $1.818B
YoY Change 5.27%
% of Gross Profit 11.28% 12.88%
Operating Expenses $9.422B $8.271B
YoY Change 3.74%
Operating Profit $6.666B $5.839B
YoY Change -0.85%
Interest Expense $20.00M $44.00M
YoY Change -8.33%
% of Operating Profit 0.3% 0.75%
Other Income/Expense, Net -$1.850B -$1.200B
YoY Change -71.52%
Pretax Income $3.849B $4.401B
YoY Change 167.21%
Income Tax $182.0M $847.0M
% Of Pretax Income 4.73% 19.25%
Net Earnings $3.667B $3.554B
YoY Change 102.74%
Net Earnings / Revenue 15.71% 16.86%
Basic Earnings Per Share $1.39 $1.35
Diluted Earnings Per Share $1.37 $1.33
COMMON SHARES
Basic Shares Outstanding 2.633B shares 2.633B shares
Diluted Shares Outstanding 2.675B shares 2.669B shares

Balance Sheet

Concept 2021 Q4 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $31.00B $30.78B
YoY Change 71.53%
Cash & Equivalents $17.60B $18.97B
Short-Term Investments $26.27B $20.07B
Other Short-Term Assets $3.590B $2.619B
YoY Change 8.49%
Inventory $10.39B $9.599B
Prepaid Expenses
Receivables $14.91B $14.58B
Other Receivables $0.00 $0.00
Total Short-Term Assets $59.89B $57.58B
YoY Change 29.88%
LONG-TERM ASSETS
Property, Plant & Equipment $18.48B $17.86B
YoY Change 4.73%
Goodwill $35.57B $34.31B
YoY Change 3.05%
Intangibles $47.78B $47.01B
YoY Change -1.76%
Long-Term Investments $1.867B $1.140B
YoY Change 32.1%
Other Assets $6.870B $6.131B
YoY Change 15.53%
Total Long-Term Assets $119.3B $113.1B
YoY Change 1.73%
TOTAL ASSETS
Total Short-Term Assets $59.89B $57.58B
Total Long-Term Assets $119.3B $113.1B
Total Assets $179.2B $170.7B
YoY Change 9.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.961B $7.044B
YoY Change -5.97%
Accrued Expenses $13.81B $9.629B
YoY Change 6.94%
Deferred Revenue
YoY Change
Short-Term Debt $3.798B $5.078B
YoY Change 120.88%
Long-Term Debt Due $2.498B $5.078B
YoY Change 182.27%
Total Short-Term Liabilities $44.56B $38.85B
YoY Change 10.48%
LONG-TERM LIABILITIES
Long-Term Debt $30.13B $32.68B
YoY Change 21.4%
Other Long-Term Liabilities $11.18B $12.15B
YoY Change 6.75%
Total Long-Term Liabilities $41.31B $44.83B
YoY Change 17.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $44.56B $38.85B
Total Long-Term Liabilities $41.31B $44.83B
Total Liabilities $109.0B $106.2B
YoY Change 9.16%
SHAREHOLDERS EQUITY
Retained Earnings $121.1B $114.8B
YoY Change 5.12%
Common Stock $3.120B $3.120B
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $38.53B $38.54B
YoY Change -0.2%
Treasury Stock Shares 487.4M shares 487.7M shares
Shareholders Equity $70.27B $64.47B
YoY Change
Total Liabilities & Shareholders Equity $179.2B $170.7B
YoY Change 9.76%

Cashflow Statement

Concept 2021 Q4 2020 Q3
OPERATING ACTIVITIES
Net Income $3.667B $3.554B
YoY Change 102.74%
Depreciation, Depletion And Amortization $1.814B $1.818B
YoY Change 5.27%
Cash From Operating Activities $8.290B $8.383B
YoY Change 11.37%
INVESTING ACTIVITIES
Capital Expenditures -$747.0M -$737.0M
YoY Change -1.07%
Acquisitions
YoY Change
Other Investing Activities -$1.972B -$4.082B
YoY Change 353.56%
Cash From Investing Activities -$2.719B -$4.819B
YoY Change 192.95%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.207B 4.196B
YoY Change -207.78%
NET CHANGE
Cash From Operating Activities 8.290B 8.383B
Cash From Investing Activities -2.719B -4.819B
Cash From Financing Activities -2.207B 4.196B
Net Change In Cash 3.364B 7.760B
YoY Change 290.15%
FREE CASH FLOW
Cash From Operating Activities $8.290B $8.383B
Capital Expenditures -$747.0M -$737.0M
Free Cash Flow $9.037B $9.120B
YoY Change 10.25%

Facts In Submission

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us-gaap Net Income Loss
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OtherComprehensiveIncomeLossNetOfTax
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OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
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us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:3pt"><span style="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="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 October 3, 2021 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 along with the Company’s on-going vaccine development and distribution efforts. While there was not a material impact to the Company’s consolidated financial statements as of and for the quarter ended October 3, 2021, 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="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Reclassification</span></div><div><span style="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>
CY2021Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
1587000000 USD
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
2164000000 USD
CY2021Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
2040000000 USD
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
6636000000 USD
CY2021Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
5894000000 USD
CY2021Q4 us-gaap Inventory Net
InventoryNet
10387000000 USD
CY2021Q1 us-gaap Inventory Net
InventoryNet
9344000000 USD
CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
16856000000 USD
CY2021Q1 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
19044000000 USD
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
47776000000 USD
CY2021Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
53402000000 USD
CY2021Q1 us-gaap Goodwill
Goodwill
36393000000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 USD
CY2021Q4 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
AociLossCashFlowHedgeCumulativeGainLossAfterTax
-21000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
4700000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
4500000000 USD
us-gaap Description Of Reclassification Of Cash Flow Hedge Gain Loss
DescriptionOfReclassificationOfCashFlowHedgeGainLoss
next 12 months
us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
7000000 USD
us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
-817000000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
35569000000 USD
CY2021Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1100000000 USD
CY2020Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1200000000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3600000000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3400000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
4500000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
4300000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
3600000000 USD
us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease Before Adjustments And Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseBeforeAdjustmentsAndTax
279000000 USD
us-gaap Maximum Length Of Time Foreign Currency Cash Flow Hedge
MaximumLengthOfTimeForeignCurrencyCashFlowHedge
P18M
CY2021Q4 us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease Before Adjustments And Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseBeforeAdjustmentsAndTax
115000000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease Before Adjustments And Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseBeforeAdjustmentsAndTax
-169000000 USD
us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease Before Adjustments And Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseBeforeAdjustmentsAndTax
-217000000 USD
CY2021Q4 us-gaap Derivative Instruments In Hedges Assets At Fair Value
DerivativeInstrumentsInHedgesAssetsAtFairValue
1166000000 USD
CY2021Q4 us-gaap Derivative Instruments In Hedges Liabilities At Fair Value
DerivativeInstrumentsInHedgesLiabilitiesAtFairValue
1236000000 USD
CY2021Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
1867000000 USD
CY2021Q1 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
1481000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
18911000000 USD
CY2021Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
14042000000 USD
CY2021Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
613000000 USD
CY2021Q1 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
633000000 USD
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
1217000000 USD
CY2021Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
1138000000 USD
CY2021Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
1058000000 USD
CY2021Q1 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
1107000000 USD
CY2021Q4 us-gaap Derivative Assets
DerivativeAssets
159000000 USD
CY2021Q1 us-gaap Derivative Assets
DerivativeAssets
31000000 USD
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
1284000000 USD
CY2021Q1 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
2309000000 USD
CY2021Q1 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
2172000000 USD
CY2021Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
24000000 USD
CY2021Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
137000000 USD
CY2021Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
633000000 USD
CY2019Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
1715000000 USD
jnj Fair Value Measurementwith Unobservable Inputs Reconciliation Recurring Basis Change In Estimated Fair Value
FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisChangeInEstimatedFairValue
28000000 USD
jnj Fair Value Measurementwith Unobservable Inputs Reconciliation Recurring Basis Change In Estimated Fair Value
FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisChangeInEstimatedFairValue
-1088000000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
0 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 Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
48000000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
98000000 USD
CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
613000000 USD
CY2020Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
636000000 USD
CY2021Q4 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
31001000000 USD
CY2021Q4 jnj Cash Cash Equivalentsand Shortterm Investments Accumulated Gross Unrealized Gain
CashCashEquivalentsandShorttermInvestmentsAccumulatedGrossUnrealizedGain
0 USD
CY2021Q4 jnj Cash Cash Equivalents And Short Term Investments Accumulated Gross Unrealized Loss
CashCashEquivalentsAndShortTermInvestmentsAccumulatedGrossUnrealizedLoss
0 USD
CY2021Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
13397000000 USD
CY2021Q4 us-gaap Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
0.0298
CY2021 jnj Excess Of Fair Value Over Carrying Value Of Debt
ExcessOfFairValueOverCarryingValueOfDebt
5400000000 USD
CY2021Q4 jnj Cash Cash Equivalents And Short Term Investments Estimated Fair Value
CashCashEquivalentsAndShortTermInvestmentsEstimatedFairValue
31001000000 USD
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
17604000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
18895000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
18895000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
16000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
16000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
0 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
0 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
18911000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate
18911000000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.100
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.126
CY2021Q4 jnj Deferred Tax Assets Tax Basis Increase Of Certain Assets Due To Reorganization
DeferredTaxAssetsTaxBasisIncreaseOfCertainAssetsDueToReorganization
2300000000 USD
CY2021Q4 jnj Increase Decrease In Deferred Tax Liabilities Global Intangible Low Taxed Income Gilti
IncreaseDecreaseInDeferredTaxLiabilitiesGlobalIntangibleLowTaxedIncomeGILTI
1700000000 USD
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
600000000 USD
jnj Effective Income Tax Rate Reconciliation Increase Decrease Percent
EffectiveIncomeTaxRateReconciliationIncreaseDecreasePercent
-0.034
CY2020Q1 jnj Federal Act On Tax Reform And Ahv Financing Deferred Tax Asset
FederalActOnTaxReformAndAHVFinancingDeferredTaxAsset
300000000 USD
CY2020Q1 jnj Increase Decrease In Deferred Tax Liabilities Global Intangible Low Taxed Income Gilti
IncreaseDecreaseInDeferredTaxLiabilitiesGlobalIntangibleLowTaxedIncomeGILTI
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
us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
0.010
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3300000000 USD
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
115700000 shares
CY2021Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.39
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.35
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.13
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.93
CY2021Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2632600000 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2632500000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2632200000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2633000000 shares
CY2021Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
138300000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
139100000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
120200000 shares
CY2021Q4 jnj Shares Which Could Be Repurchased Under Treasury Stock Method
SharesWhichCouldBeRepurchasedUnderTreasuryStockMethod
96000000.0 shares
CY2020Q3 jnj Shares Which Could Be Repurchased Under Treasury Stock Method
SharesWhichCouldBeRepurchasedUnderTreasuryStockMethod
78900000 shares
jnj Shares Which Could Be Repurchased Under Treasury Stock Method
SharesWhichCouldBeRepurchasedUnderTreasuryStockMethod
96700000 shares
jnj Shares Which Could Be Repurchased Under Treasury Stock Method
SharesWhichCouldBeRepurchasedUnderTreasuryStockMethod
82400000 shares
CY2021Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2674900000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2669300000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2674600000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2670800000 shares
CY2021Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.37
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.33
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.04
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.86
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
20000000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
17000000 shares
CY2021Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
23338000000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
21082000000 USD
CY2021Q4 jnj Percentage Change In Sales By Segment Of Business
PercentageChangeInSalesBySegmentOfBusiness
0.107
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
68971000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
60109000000 USD
jnj Percentage Change In Sales By Segment Of Business
PercentageChangeInSalesBySegmentOfBusiness
0.147
CY2021Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3849000000 USD
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4401000000 USD
CY2021Q4 jnj Percentage Change In Operating Income Loss
PercentageChangeInOperatingIncomeLoss
-0.125
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
17940000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
14850000000 USD
jnj Percentage Change In Operating Income Loss
PercentageChangeInOperatingIncomeLoss
0.208
jnj Amount Prepaid And Due To Manufacturers
AmountPrepaidAndDueToManufacturers
1200000000 USD
CY2021Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
23338000000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
21082000000 USD
CY2021Q4 jnj Percentage Change In Sales By Geographic Area
PercentageChangeInSalesByGeographicArea
0.107
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
68971000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
60109000000 USD
jnj Percentage Change In Sales By Geographic Area
PercentageChangeInSalesByGeographicArea
0.147

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