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) November 2, 2006

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 November 2, 2006, Becton, Dickinson and Company (“BD”) issued a press release announcing its financial results for the fourth fiscal quarter and for the full fiscal year ending September 30, 2006. 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 principles (GAAP), as follows:

• Revenues. We present revenue growth rates at constant foreign exchange rates. We believe that presenting growth rates at constant foreign exchange rates allows investors to view the underlying operating results of BD and of its segments without the impact of fluctuations in foreign currency exchange rates, thereby facilitating comparisons to prior periods.

We also present total revenues, BD Medical revenues and the revenues of our Diabetes Care unit, both worldwide and in the U.S, after excluding the effect of estimated customer returns associated with our decision to exit the blood glucose monitoring (“BGM”) market in September 2006. We believe these adjusted measures allow investors to understand the impact these exit costs had on reported revenues and to more easily compare BD’s financial performance in this regard with prior periods.

• Cost of Product Sold. We present cost of product sold, both alone and as a percentage of revenues, after excluding the impact of the one-time costs associated with our exit of the BGM market. We believe that measures of cost of product sold that are adjusted for the impact of these one-time costs are more indicative of BD’s underlying performance and also allow investors to more easily compare BD's financial performance in this regard with prior periods.

• Gross Profit. We present gross profit, both alone and as a percentage of revenues, after excluding the impact of the one-time costs associated with our exit of the BGM market. We believe that measures of gross profit that are adjusted for the impact of these one-time costs are more indicative of BD’s underlying performance and also allow investors to more easily compare BD's financial performance in this regard with prior periods.

• Selling and Administrative Expense. We present selling and administrative expense, both alone and as a percentage of revenues, after excluding (i) the impact of the one-time costs associated with our exit of the BGM market and (ii) the impact of such exit costs and of insurance settlements occurring during the period presented. We believe that measures of selling and administrative expense that are adjusted for the impact of these one-time costs are more indicative of BD’s underlying performance and also allow investors to more easily compare BD's financial performance in this regard with prior periods. In addition, as these insurance settlements are not part of ordinary operations, management believes that measures of selling and administrative expense that are adjusted for the effects of these settlements are more indicative of BD’s underlying performance. Providing selling and administrative expense after adjusting for the effect of these settlements also assists investors in comparing BD’s selling and administrative expense for the period to prior periods.

• Research and Development Expense. We present research and development expense, both alone and as a percentage of revenues, after excluding the impact of the in-process research and development (“R&D”) charge relating to the acquisition of GeneOhm Sciences Inc. (“GeneOhm”). As this non-cash charge is not part of ordinary operations and serves to increase R&D expense for the period, management believes that these adjusted measures are more indicative of BD’s underlying performance. Management also presents these adjusted measures in order to assist investors in comparing BD’s R&D expense for the period to prior periods.

• Operating Income. We present BD’s operating income, both alone and as a percentage of revenues, after excluding the impact of the one-time costs associated with our exit of the BGM market. We believe that measures of operating income that are adjusted for the impact of these one-time costs are more indicative of BD’s underlying performance and also allow investors to more easily compare BD's financial performance in this regard with prior periods.

We also present BD’s operating income, both alone and as a percentage of revenues, after excluding the impact of (i) these exit costs, (ii) insurance settlements and (iii) the in-process R&D charge relating to the GeneOhm acquisition. As described above, management does not believe that these settlements and R&D charge are not part of BD’s ordinary operations. Management believes that these adjusted measures of operating income are more indicative of BD’s underlying performance, and also allow investors to better understand BD’s comparative operating performance for the period presented.

• Income Taxes/Effective Tax Rate. We present income taxes and effective tax rate after excluding (i) the impact of the one-time costs associated with our exit of the BGM market and (ii) the impact of these exit costs and of insurance settlements. We believe that measures of income tax and effective tax rate that are adjusted for the impact of these one-time costs are more indicative of BD’s underlying performance and also allow investors to more easily compare BD's financial performance in this regard with prior periods. We also believe that these insurance settlements are not part of our ordinary operations, and that these adjusted measures are more indicative of BD’s underlying performance and facilitate comparisons to prior periods.

We also present income taxes and effective tax rate for prior periods after excluding the effects of (i) changes in tax laws and regulations and other events that caused the tax rate for the period presented to vary from BD’s then expected effective tax rate for the full year, (ii) the impact on taxes of the repatriation of foreign earnings under the provisions of the American Jobs Creation Act and (iii) the effects of significant reversals of tax reserves in connection with the conclusion of tax examinations in four non-U.S. jurisdictions. These items caused fluctuations in BD’s income taxes and effective tax rate from period to period that management believes were unrelated to BD’s underlying operating performance. Accordingly, management believes that providing the impact of such effects allows investors to better understand BD’s comparative operating performance for the periods presented.

• Income from Continuing Operations. We present income from continuing operations, both alone and as a percentage of revenues, after excluding the impact of the one-time costs associated with our exit of the BGM market. We believe that measures of income from continuing operations that are adjusted for the impact of these one-time costs are

more indicative of BD’s underlying performance and also allow investors to more easily compare BD's financial performance in this regard with prior periods.

We also present operating income from continuing operations, both alone and as a percentage of revenues, after excluding the impact of these exit costs and of insurance settlements and the in-process R&D charge relating to the GeneOhm acquisition. Since these settlements and the in-process R&D charge are not part of ordinary operations, management believes that these adjusted measures are more indicative of BD’s underlying performance and also allow investors to better understand BD’s comparative operating performance for the period presented.

We also present income from operations for prior periods after excluding (i) the effects of significant reversals of tax reserves in connection with the conclusion of tax examinations in four non-U.S. jurisdictions, (ii) the effects of changes in tax laws and regulations and other events that caused the tax rate for the period presented to vary from BD’s then-expected effective tax rate for the full year and (iii) the impact on taxes of the repatriation of foreign earnings under the provisions of the American Jobs Creation Act. These items caused fluctuations in BD’s operating results that management believes were unrelated to BD’s underlying operating performance. Accordingly, management believes that providing the impact of such items allows investors to better understand BD’s comparative operating performance for the periods presented.

• Earnings Per Share. We present earnings per share from continuing operations for the fourth quarter of fiscal year 2006 after excluding the impact of the one-time costs associated with our exit of the BGM market. We believe that a measure of earnings per share that is adjusted for the impact of these one-time costs is more indicative of BD’s underlying performance and also allows investors to more easily compare BD's financial performance in this regard with prior periods.

We also present earnings per share from continuing operations for fiscal year 2006 after excluding these exit costs and the impact of insurance settlements and the in-process R&D charge relating to the GeneOhm acquisition. Since these settlements and the in-process R&D charge were not part of ordinary operations, management believes that this adjusted measure is more indicative of BD’s underlying performance and also allow investors to better understand BD’s comparative operating performance for the periods presented.

We also present earnings per share from continuing operations for prior periods after excluding (i) the effects of significant reversals of tax reserves in connection with the conclusion of tax examinations in four non-U.S. jurisdictions, (ii) the effects of changes in tax laws and regulations and other events that caused the tax rate during the period to vary from BD’s expected effective tax rate for the full year, and (iii) the impact on taxes of the repatriation of foreign earnings under the provisions of the American Jobs Creation Act. These items caused fluctuations in BD’s operating results that management believes were unrelated to BD’s underlying operating performance. Accordingly, management believes that providing the impact of such items allows investors to better understand BD’s comparative operating performance for the periods presented.

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.

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.

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.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

 Exhibits. — Exhibit 99.1 Press release dated November 2, 2006, 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: November 2, 2006

INDEX TO EXHIBITS

Exhibit Number	Description of Exhibits
99.1	Press release dated November 2, 2006, which is furnished pursuant to Item 2.02.

EX-99

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

News Release

Contact:
Patricia A. Spinella, Investor Relations – 201-847-5453
Colleen T. White, Corporate Communications – 201-847-5369

BD ANNOUNCES RESULTS FOR FOURTH FISCAL QUARTER AND FULL YEAR

• Reports record revenues for the quarter and year

• Fourth-quarter and full-year earnings per share from continuing operations, excluding specified items, increased 12% to 85 cents and 14% to $3.28, respectively

• Expects full fiscal year 2007 earnings per share from continuing operations, excluding specified items, to increase 12%-14% to $3.69-$3.75

Franklin Lakes, NJ (November 2, 2006) – BD (Becton, Dickinson and Company) (NYSE: BDX) today reported record quarterly revenues of $1.488 billion for the fourth fiscal quarter ended September 30, 2006, representing an increase of 8 percent over the prior year period. This quarter’s growth rate reflects the favorable impact on all segments from foreign currency translation, which overall is estimated to account for 2 percentage points of the growth.

For the full fiscal year ended September 30, 2006, BD reported record revenues of $5.835 billion, representing an increase of 8 percent over the prior year, which reflects an overall estimated 1 percent unfavorable impact from foreign currency translation that affected all segments.

“We are proud of our accomplishments during 2006 and enthusiastic about our outlook for 2007,” said Edward J. Ludwig, Chairman, President and Chief Executive Officer. “Our revenue and earnings growth exceeded our expectations and give us continuing confidence that our strategy is sound and our implementation is disciplined. We remain committed to serving our customers with products that make a difference in healthcare, and we will continue to work diligently to deliver value to our shareholders.”

Analysis of Fourth Quarter and Full Fiscal Year 2006 and 2005 Earnings

Reported diluted earnings per share from continuing operations of 69 cents for the fourth quarter increased by 47 percent over diluted earnings per share from continuing operations of 47 cents for the fourth fiscal quarter of 2005. For the full-year period, diluted earnings per share from continuing operations of $2.95 for fiscal 2006 increased by 11 percent over diluted earnings per share from continuing operations of $2.66 for fiscal 2005.

The following analysis of diluted earnings per share from continuing operations for the three-month and twelve-month periods ended September 30, 2006 and 2005 identifies specified items that affect the comparability of results between periods. As illustrated in Table 1, diluted earnings per share from continuing operations, excluding specified items, of 85 cents for the fourth fiscal quarter of 2006 increased by 12 percent over diluted earnings per share from continuing operations, excluding specified items, of 76 cents for the fourth fiscal quarter of 2005. For the full-year period, diluted earnings per share from continuing operations, excluding specified items, of $3.28 for fiscal 2006 increased by 14 percent over diluted earnings per share from continuing operations, excluding specified items, of $2.88 for fiscal 2005.

(Table 1)	Three Months Ended September 30,										Twelve Months Ended September 30,
	FY2006				FY2005			% Incr.			FY2006				FY2005				% Incr.
Diluted EPS from Continuing Operations:(1)		$	0.69			$	0.47		47	%		$	2.95			$	2.66			11	%
Specified Items:
Insurance Settlements(2)			—				—						(0.04	)			—
In-Process Research and Development Charge(3)			—				—						0.21				—
BGM Exit Costs(4)			0.17				—						0.17				—
Tax Examinations(5)			—				—						—				(0.04	)
Tax Rate Impact(6)			—				0.02						—				—
Repatriation Tax Charge(7)			—				0.27						—				0.27
Rounding			(0.01	)			—						(0.01	)			(0.01	)
			0.16				0.29						0.33				0.22
Diluted EPS from Continuing Operations Excluding Specified Items:(1)		$	0.85			$	0.76		12	%		$	3.28			$	2.88			14	%

⁽¹⁾ Includes the effect on diluted earnings per share from continuing operations of a 3 cent reduction in the fourth quarter and a 6 cent reduction in the twelve-month period ended September 30, 2006 relating to GeneOhm Sciences operations, which were acquired in February 2006.

⁽²⁾ Represents the effect on diluted earnings per share from continuing operations related to proceeds received from insurance settlements regarding the Company’s previously owned latex glove business.

⁽³⁾ Represents the effect on diluted earnings per share from continuing operations of the in-process research and development charge recorded in the second quarter of fiscal 2006 related to the GeneOhm acquisition.

⁽⁴⁾ Represents the effect on diluted earnings per share from continuing operations of the charge recorded in the fourth quarter of 2006 related to the Company’s decision to exit the blood glucose monitoring (“BGM”) market.

⁽⁵⁾ Represents the effect on diluted earnings per share from continuing operations of the reversal of tax reserves in 2005 in connection with the conclusion of tax examinations in four non-U.S. jurisdictions.

⁽⁶⁾ Represents the effect on diluted earnings per share from continuing operations of tax-related events that caused the quarterly tax rate to vary from the then-expected effective tax rate for fiscal year 2005.

⁽⁷⁾ Included in diluted earnings per share from continuing operations for fiscal 2005 is a 27 cents per diluted share charge substantially related to the impact on taxes of the planned repatriation of $1.3 billion of foreign earnings under the provisions of the American Jobs Creation Act.

-more-

BGM Exit Costs

On September 28, 2006, the Company announced a plan to exit the blood glucose monitoring (“BGM”) market. As a result of this decision, the Company recorded a pre-tax charge of $63 million, or $0.17 per diluted share, in the fourth quarter of 2006. This charge consists of $5 million related to estimated customer returns, $46 million associated with the write-off of inventory, related purchase commitments and long-lived assets, and $12 million related to severance and other exit costs.

Segment Results

In the BD Medical segment, worldwide revenues for the quarter were $809 million, representing an increase of 6 percent from the prior year period. Strong sales in the Pharmaceutical Systems unit contributed to growth. U.S. sales of safety-engineered products totaled $132 million, compared with $130 million in the prior year’s quarter. Included in BD Medical revenues for the quarter were international sales of safety-engineered products of $26 million, compared with $21 million in the prior year period.

For the full fiscal year ended September 30, 2006, total BD Medical segment revenues of $3.203 billion increased by 8 percent from the prior year. Strong sales in the Pharmaceutical Systems and Diabetes Care units contributed to growth. U.S. sales of safety-engineered products totaled $519 million, compared with $490 million in the prior year. International sales of safety-engineered products totaled $94 million, compared with $81 million in the prior year.

In the BD Diagnostics segment, worldwide revenues for the quarter were $441 million, representing an increase of 9 percent from the prior year period. U.S. sales of safety-engineered products totaled $103 million, compared with $94 million in the prior year’s quarter. International sales of safety-engineered products totaled $62 million, compared with $49 million in the prior year’s quarter. Global sales of the BD ProbeTec™ and BD Viper™ instrument platforms also contributed favorably to revenue growth.

For the full fiscal year ended September 30, 2006, total BD Diagnostics segment revenues of $1.755 billion increased by 6 percent from the prior year. U.S. sales of safety-engineered products totaled $398 million, compared with $352 million in the prior year. International sales of safety-engineered products totaled $229 million, compared with $192 million in the prior year.

In the BD Biosciences segment, worldwide revenues from continuing operations for the quarter were $238 million, representing an increase of 11 percent from the prior year period. Sales of flow cytometry instruments and reagents, as well as the comparative benefit of discontinuing a distribution agreement in 2005, contributed to revenue growth.

For the full fiscal year ended September 30, 2006, total BD Biosciences segment revenues of $877 million increased by 10 percent from the prior year. Sales of flow cytometry instruments and reagents, as well as cell imaging products, contributed to revenue growth.

Geographic Results

Fourth quarter revenues in the U.S. were $726 million, representing an increase of 6 percent over the prior year period. Revenues outside the U.S. were $761 million, representing an increase of 10 percent over the prior year period, and reflected an estimated 3 percent favorable impact from foreign currency translation.

For the full fiscal year ended September 30, 2006, revenues in the U.S. were $2.828 billion, representing an increase of 9 percent over the prior year period. Revenues outside of the U.S. were $3.007 billion, representing an increase of 6 percent over the prior year period, and reflected an estimated 2 percent unfavorable impact from foreign currency translation.

Planned Acquisition of TriPath Imaging

On September 8, 2006 the Company announced that it had signed a definitive agreement to acquire the 93.5% of the outstanding shares of TriPath Imaging that BD does not currently own. The acquisition expands BD’s presence in cancer diagnostics, which is a key element of the Company’s strategy to drive revenue growth through innovation. We received U.S. antitrust clearance for this acquisition on October 27, 2006. Following the requisite approval by the TriPath Imaging shareholders, as well as other customary closing conditions, the acquisition is expected to be completed by the end of BD’s first fiscal quarter 2007. As previously stated, the acquisition is expected to be minimally dilutive to BD’s fiscal 2007 earnings (excluding an anticipated charge for in-process research and development) and is included in our estimated guidance discussed below.

Fiscal 2007 Outlook for Full Year

The following analysis of estimated diluted earnings per share from continuing operations for the full fiscal year identifies specified items that affect the comparability of results between periods. As illustrated in Table 2, the Company estimates that diluted earnings per share from continuing operations for the full fiscal year 2007 will be in the $3.69 to $3.75 range, representing an increase of approximately 12 to 14 percent over diluted earnings per share from continuing operations, excluding specified items, of $3.28 for the fiscal year 2006.

(Table 2)	Twelve Months Ended September 30,
	FY2007			FY2006				% Incr.
	(Estimated)
Diluted EPS from Continuing Operations:(1)		$	3.69-$3.75		$	2.95			25	%-27%
Specified Items:
Insurance Settlements(2)			—			(0.04	)
In-Process Research and Development Charge(3)			—			0.21
BGM Exit Costs(4)			—			0.17
Rounding						(0.01	)
			—			0.33
Diluted EPS from Continuing Operations Excluding Specified Items:		$	3.69-$3.75		$	3.28			12	%-14%

⁽¹⁾ Includes the minimally dilutive effect on estimated diluted earnings per share from continuing operations in fiscal 2007 relating to the operations of TriPath Imaging, which the Company expects to acquire by the end of the first fiscal quarter 2007. Does not include anticipated in-process research and development charge, which would be recorded upon closing of the acquisition.

⁽²⁾ Represents the effect on diluted earnings per share from continuing operations related to proceeds received from insurance settlements regarding the Company’s previously owned latex glove business.

⁽³⁾ Represents the effect on diluted earnings per share from continuing operations of the in-process research and development charge recorded in the second quarter of fiscal 2006 related to the GeneOhm acquisition.

⁽⁴⁾ Represents the effect on diluted earnings per share from continuing operations of the charge recorded in the fourth fiscal quarter of 2006 related to the Company’s decision to exit the BGM market.

Conference Call Information

A conference call regarding BD’s fourth fiscal quarter and full year results and its expectations for fiscal year 2007 will be broadcast live on BD’s website, www.bd.com/investors, at 10:00 a.m. (ET) Thursday, November 2, 2006. The conference call will be available for replay through the close of business on November 9, 2006 on BD’s website, www.bd.com/investors, or at 1-888-203-1112 (domestic) and 1-719-457-0820 (international), pass code 4839685.

This news release contains certain non-GAAP financial measures. A reconciliation of these and other measures to the comparable GAAP measures is included in this release and in the attached financial tables.

About BD

BD, a leading global medical technology company that manufactures and sells medical devices, instrument systems and reagents, is dedicated to improving people’s health throughout the world. BD is focused on improving drug therapy, enhancing the quality and speed of diagnosing infectious diseases, and advancing research and discovery of new drugs and vaccines. The Company’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 more than 25,000 people in approximately 50 countries throughout the world. The Company serves healthcare institutions, life science researchers, clinical laboratories, industry and the general public. For more information, please visit www.bd.com.

***

This press release, including the section entitled “Fiscal 2007 Outlook for Full Year,” contains certain estimates and other forward-looking statements (as defined under Federal securities laws) regarding BD’s performance, including future revenues, earnings per share and income, or events or developments that BD expects to occur or anticipates occurring in the future. 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, factors that could cause actual results to vary materially from any forward-looking statement include, but are not limited to: competitive factors; pricing and market share pressures; changes in interest or foreign currency exchange rates; difficulties inherent in product development and delays in product introductions; changes in regional, national or foreign economic conditions; further 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); the effects of potential pandemic diseases; changes in healthcare or other governmental regulation; and issuance of new or revised accounting standards, as well as other factors discussed in this press release and 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 September 30,
		2006			2005		% Change
REVENUES	$	1,487,751		$	1,379,476		7.8
Cost of products sold		767,534			662,746		15.8
Selling and administrative		406,059			376,510		7.8
Research and development		83,620			76,552		9.2
TOTAL OPERATING COSTS
AND EXPENSES		1,257,213			1,115,808		12.7
OPERATING INCOME		230,538			263,668		(12.6	)
Interest expense		(14,056	)		(14,607	)	(3.8	)
Interest income		15,488			12,594		23.0
Other expense, net		(4,762	)		(977	)	NM
INCOME FROM CONTINUING OPERATIONS BEFORE
INCOME TAXES		227,208			260,678		(12.8	)
Income tax provision		52,088			139,103		(62.6	)
INCOME FROM CONTINUING OPERATIONS		175,120			121,575		44.0
(LOSS) INCOME FROM DISCONTINUED OPERATIONS
NET OF INCOME TAX PROVISION OF
$67 AND $15,986, RESPECTIVELY		(1,141	) (1)		27,519		NM
NET INCOME	$	173,979		$	149,094		16.7
EARNINGS PER SHARE
Basic:
Income from continuing operations	$	0.71		$	0.49		44.9
(Loss) income from discontinued operations	$	-		$	0.11		NM
Net income	$	0.71		$	0.60		18.3
Diluted:
Income from continuing operations	$	0.69		$	0.47		46.8
(Loss) income from discontinued operations	$	-		$	0.11		NM
Net income (2)	$	0.68		$	0.58		17.2
AVERAGE SHARES OUTSTANDING
Basic		245,522			249,236
Diluted		254,843			256,878

NM - Not Meaningful

(1)	Represents certain adjustments relating to the divestiture of Clontech.
(2)	Total per share amounts may not add due to rounding.

Page 1

BECTON DICKINSON AND COMPANY
SUPPLEMENTAL INFORMATION
Three Months Ended September 30,
(Unaudited; Amounts in thousands, except per-share data)

		2006
		As			BGM			Excluding
		Reported			Exit Costs (1)			Items
Revenues	$	1,487,751		$	5,352	(2)	$	1,493,103
Cost of product sold		767,534			(45,654	)		721,880
as a % of revenues		51.6	%					48.3	%
Gross Profit		720,217			51,006			771,223
as a % of revenues		48.4	%					51.7	%
Selling and administrative		406,059			(12,408	)		393,651
as a % of revenues		27.3	%					26.4	%
Operating Income		230,538			63,414			293,952
as a % of revenues		15.5	%					19.7	%
Income taxes		52,088			20,974			73,062
effective tax rate		22.9	%					25.1	%
Income from continuing operations		175,120			42,440			217,560
as a % of revenues		11.8	%					14.6	%
Diluted earnings per share
Income from continuing operations (3)	$	0.69		$	0.17		$	0.85

(1)	Represents the effect on the diluted earnings per share from continuing operations of the charge recorded in the fourth quarter of 2006 related to the Company's decision to exit the blood glucose monitoring (BGM) market.
(2)	Reflected in the US Diabetes Care revenues included within the US BD Medical Segment (see pages 10 and 14 for further information).
(3)	Total per share amounts may not add due to rounding.

		2005
		As			Tax			Repatriation			Excluding
		Reported			Rate Impact (4)			Tax Charge (5)			Items
Income taxes	$	139,103		$	(4,181	)	$	(69,638	)	$	65,284
effective tax rate		53.4	%								25.0	%
Income from continuing operations		121,575			4,181			69,638			195,394
as a % of revenues		8.8	%								14.2	%
Diluted earnings per share
Income from continuing operations	$	0.47		$	0.02		$	0.27		$	0.76

(4)	Represents the effect on diluted earnings per share from continuing operations of tax-related events that caused the quarterly tax rate to vary from the then-expected effective tax rate for fiscal year 2005.
(5)	Relates substantially to the planned repatriation of $1.3 billion of foreign earnings under the provisions of the American Jobs Creation Act.

Page 2

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

	Twelve Months Ended September 30,
		2006			2005		% Change
REVENUES	$	5,834,827		$	5,414,681		7.8
Cost of products sold		2,886,853			2,662,029		8.4
Selling and administrative		1,537,494			1,449,856		6.0
Research and development		360,011			271,626		32.5
TOTAL OPERATING COSTS
AND EXPENSES		4,784,358			4,383,511		9.1
OPERATING INCOME		1,050,469			1,031,170		1.9
Interest expense		(66,046	)		(55,673	)	18.6
Interest income		59,296			36,421		62.8
Other expense, net		(8,762	)		(7,064	)	24.0
INCOME FROM CONTINUING OPERATIONS BEFORE
INCOME TAXES		1,034,957			1,004,854		3.0
Income tax provision		279,366			312,571		(10.6	)
INCOME FROM CONTINUING OPERATIONS		755,591			692,283		9.1
(LOSS) INCOME FROM DISCONTINUED OPERATIONS
NET OF INCOME TAX PROVISION OF
$1,397 AND $14,439, RESPECTIVELY		(3,311	) (1)		29,980		NM
NET INCOME	$	752,280		$	722,263		4.2
EARNINGS PER SHARE
Basic:
Income from continuing operations	$	3.06		$	2.75		11.3
(Loss) income from discontinued operations	$	(0.01	)	$	0.12		NM
Net income (2)	$	3.04		$	2.87		5.9
Diluted:
Income from continuing operations	$	2.95		$	2.66		10.9
(Loss) income from discontinued operations	$	(0.01	)	$	0.11		NM
Net income (2)	$	2.93		$	2.77		5.8
AVERAGE SHARES OUTSTANDING
Basic		247,067			251,429
Diluted		256,554			260,712

NM - Not Meaningful

(1)	Represents certain adjustments relating to the divestiture of Clontech.
(2)	Total per share amounts may not add due to rounding.

Page 3

BECTON DICKINSON AND COMPANY
SUPPLEMENTAL INFORMATION
Twelve Months Ended September 30,
(Unaudited; Amounts in thousands, except per-share data)

		2006
		As			Insurance			GeneOhm			BGM			Excluding
		Reported			Settlement (1)			R&D (2)			Exit Costs (3)			Items
Revenues	$	5,834,827		$	-		$	-		$	5,352	(4)	$	5,840,179
Cost of products sold		2,886,853			-			-			(45,654	)		2,841,199
as a % of revenues		49.5	%											48.6	%
Gross Profit		2,947,974			-			-			51,006			2,998,980
as a % of revenues		50.5	%											51.4	%
Selling and administrative		1,537,494			17,000			-			(12,408	)		1,542,086
as a % of revenues		26.4	%											26.4	%
Research and development		360,011			-			(53,300	)		-			306,711
as a % of revenues		6.2	%											5.3	%
Operating Income		1,050,469			(17,000	)		53,300			63,414			1,150,183
as a % of revenues		18.0	%											19.7	%
Income taxes		279,366			(6,460	)		-			20,974			293,880
effective tax rate		27.0	%											25.9	%
Income from continuing operations		755,591			(10,540	)		53,300			42,440			840,791
as a % of revenues		12.9	%											14.4	%
Diluted earnings per share
Income from continuing operations (5)	$	2.95		$	(0.04	)	$	0.21		$	0.17		$	3.28

(1)	Represents the effect in 2006 related to proceeds received from insurance settlements in connection with the Company's previously owned latex glove business.
(2)	Represents the IPR&D charge related to the GeneOhm acquisiton.
(3)	Represents the effect on the diluted earnings per share from continuing operations of the charge recorded in the fourth quarter of 2006 related to the Company's decision to exit the BGM market.
(4)	Reflected in the US Diabetes Care revenues included within the US BD Medical Segment (see pages 10 and 14 for further information).
(5)	Total per share amounts may not add due to rounding.

	2005
		As		Tax				Repatriation			Excluding
		Reported		Examinations (6)				Tax Charge (7)			Charges
Income taxes	$	312,571		$	11,265		$	(69,638	)	$	254,198
effective tax rate		31.1	%								25.3	%
Income from continuing operations		692,283			(11,265	)		69,638			750,656
as a % of revenues		12.8	%								13.9	%
Diluted earnings per share
Income from continuing operations (8)	$	2.66		$	(0.04	)	$	0.27		$	2.88

(6)	Relates to the reversal of tax reserves in the first quarter 2005 in connection with the conclusion of tax examinations in four non-U.S. jurisdictions.
(7)	Relates substantially to the planned repatriation of $1.3 billion of foreign earnings under the provisions of the American Job Creation Act.
(8)	Total per share amounts may not add due to rounding.

Page 4

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

	Three Months Ended September 30,
		2006		2005	% Change
BD MEDICAL
United States	$	383,827	$	368,752	4.1
International		425,122		393,631	8.0
TOTAL	$	808,949	$	762,383	6.1
BD DIAGNOSTICS
United States	$	237,775	$	218,768	8.7
International		202,745		184,001	10.2
TOTAL	$	440,520	$	402,769	9.4
BD BIOSCIENCES
United States	$	104,887	$	99,623	5.3
International		133,395		114,701	16.3
TOTAL	$	238,282	$	214,324	11.2
TOTAL REVENUES
United States	$	726,489	$	687,143	5.7
International		761,262		692,333	10.0
TOTAL	$	1,487,751	$	1,379,476	7.8

Page 5

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

	Twelve Months Ended September 30,
		2006		2005	% Change
BD MEDICAL
United States	$	1,506,756	$	1,366,688	10.2
International		1,696,700		1,591,400	6.6
TOTAL	$	3,203,456	$	2,958,088	8.3
BD DIAGNOSTICS
United States	$	937,593	$	869,187	7.9
International		817,273		787,877	3.7
TOTAL	$	1,754,866	$	1,657,064	5.9
BD BIOSCIENCES
United States	$	383,674	$	355,076	8.1
International		492,831		444,453	10.9
TOTAL	$	876,505	$	799,529	9.6
TOTAL REVENUES
United States	$	2,828,023	$	2,590,951	9.1
International		3,006,804		2,823,730	6.5
TOTAL	$	5,834,827	$	5,414,681	7.8

Page 6

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

	United States
		2006		2005	% Change
BD MEDICAL
Medical Surgical Systems	$	231,932	$	224,809	3.2
Diabetes Care		113,418		111,160	2.0
Pharmaceutical Systems		32,856		27,273	20.5
Ophthalmic Systems		5,621		5,510	2.0
TOTAL	$	383,827	$	368,752	4.1
BD DIAGNOSTICS
Preanalytical Systems	$	131,838	$	120,843	9.1
Diagnostic Systems		105,937		97,925	8.2
TOTAL	$	237,775	$	218,768	8.7
BD BIOSCIENCES
Discovery Labware	$	31,945	$	30,262	5.6
Immunocytometry Systems		52,679		50,242	4.9
Pharmingen		20,263		19,119	6.0
TOTAL	$	104,887	$	99,623	5.3
TOTAL UNITED STATES	$	726,489	$	687,143	5.7

Page 7

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

	International
							% Change
		2006		2005	Reported		FX Neutral		FX Impact
BD MEDICAL
Medical Surgical Systems	$	215,951	$	203,991	5.9		3.0		2.9
Diabetes Care		77,843		70,671	10.1		7.0		3.1
Pharmaceutical Systems		121,886		109,505	11.3		7.9		3.4
Ophthalmic Systems		9,442		9,464	(0.2	)	(3.2	)	3.0
TOTAL	$	425,122	$	393,631	8.0		4.9		3.1
BD DIAGNOSTICS
Preanalytical Systems	$	107,399	$	97,806	9.8		6.3		3.5
Diagnostic Systems		95,346		86,195	10.6		8.0		2.6
TOTAL	$	202,745	$	184,001	10.2		7.1		3.1
BD BIOSCIENCES
Discovery Labware	$	24,379	$	23,835	2.3		0.2		2.1
Immunocytometry Systems		89,768		77,428	15.9		13.1		2.8
Pharmingen		19,248		13,438	43.2		39.5		3.7
TOTAL	$	133,395	$	114,701	16.3		13.5		2.8
TOTAL INTERNATIONAL	$	761,262	$	692,333	10.0		6.9		3.1

Page 8

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

	Total
						% Change
		2006		2005	Reported	FX Neutral		FX Impact
BD MEDICAL
Medical Surgical Systems	$	447,883	$	428,800	4.5	3.1		1.4
Diabetes Care		191,261		181,831	5.2	4.0		1.2
Pharmaceutical Systems		154,742		136,778	13.1	10.4		2.7
Ophthalmic Systems		15,063		14,974	0.6	(1.3	)	1.9
TOTAL	$	808,949	$	762,383	6.1	4.5		1.6
BD DIAGNOSTICS
Preanalytical Systems	$	239,237	$	218,649	9.4	7.8		1.6
Diagnostic Systems		201,283		184,120	9.3	8.1		1.2
TOTAL	$	440,520	$	402,769	9.4	8.0		1.4
BD BIOSCIENCES
Discovery Labware	$	56,324	$	54,097	4.1	3.2		0.9
Immunocytometry Systems		142,447		127,670	11.6	9.9		1.7
Pharmingen		39,511		32,557	21.4	19.8		1.6
TOTAL	$	238,282	$	214,324	11.2	9.7		1.5
TOTAL REVENUES	$	1,487,751	$	1,379,476	7.8	6.3		1.5

Page 9

BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
Three Months Ended September 30,
(Unaudited; Amounts in thousands)

	Reported
						% Change
		2006		2005	Reported	FX Neutral	FX Impact
Total Revenues	$	1,487,751	$	1,379,476	7.8	6.3	1.5
BD Medical		808,949		762,383	6.1	4.5	1.6
Diabetes Care		191,261		181,831	5.2	4.0	1.2
US Total Revenues	$	726,489	$	687,143	5.7	5.7	-
US BD Medical		383,827		368,752	4.1	4.1	-
US Diabetes Care		113,418		111,160	2.0	2.0	-
	Excluding BGM Exit Costs
						% Change
		2006 (1)		2005	Reported	FX Neutral	FX Impact
Total Revenues	$	1,493,103	$	1,379,476	8.2	6.7	1.5
BD Medical		814,301		762,383	6.8	5.2	1.6
Diabetes Care		196,613		181,831	8.1	6.9	1.2
US Total Revenues	$	731,841	$	687,143	6.5	6.5	-
US BD Medical		389,179		368,752	5.5	5.5	-
US Diabetes Care		118,770		111,160	6.8	6.8	-

(1)  All revenue data excludes $5,352 of estimated customer returns associated with the Company's decision to exit the BGM market.

Page 10

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

	United States
		2006		2005	% Change
BD MEDICAL
Medical Surgical Systems	$	904,371	$	852,804	6.0
Diabetes Care		451,977		391,109	15.6
Pharmaceutical Systems		127,896		101,128	26.5
Ophthalmic Systems		22,512		21,647	4.0
TOTAL	$	1,506,756	$	1,366,688	10.2
BD DIAGNOSTICS
Preanalytical Systems	$	511,948	$	462,939	10.6
Diagnostic Systems		425,645		406,248	4.8
TOTAL	$	937,593	$	869,187	7.9
BD BIOSCIENCES
Discovery Labware	$	119,683	$	110,419	8.4
Immunocytometry Systems		186,369		169,895	9.7
Pharmingen		77,622		74,762	3.8
TOTAL	$	383,674	$	355,076	8.1
TOTAL UNITED STATES	$	2,828,023	$	2,590,951	9.1

Page 11

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

					International
						% Change
		2006		2005	Reported	FX Neutral	FX Impact
BD MEDICAL
Medical Surgical Systems	$	844,372	$	808,346	4.5	3.8	0.7
Diabetes Care		301,366		282,911	6.5	7.5	(1.0	)
Pharmaceutical Systems		511,798		462,143	10.7	14.8	(4.1	)
Ophthalmic Systems		39,164		38,000	3.1	6.0	(2.9	)
TOTAL	$	1,696,700	$	1,591,400	6.6	7.7	(1.1	)
BD DIAGNOSTICS
Preanalytical Systems	$	415,811	$	391,892	6.1	6.9	(0.8	)
Diagnostic Systems		401,462		395,985	1.4	3.6	(2.2	)
TOTAL	$	817,273	$	787,877	3.7	5.3	(1.6	)
BD BIOSCIENCES
Discovery Labware	$	96,626	$	96,142	0.5	3.1	(2.6	)
Immunocytometry Systems		316,478		282,488	12.0	14.0	(2.0	)
Pharmingen		79,727		65,823	21.1	24.2	(3.1	)
TOTAL	$	492,831	$	444,453	10.9	13.2	(2.3	)
TOTAL INTERNATIONAL	$	3,006,804	$	2,823,730	6.5	7.9	(1.4	)

Page 12

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

					Total
						% Change
		2006		2005	Reported	FX Neutral	FX Impact
BD MEDICAL
Medical Surgical Systems	$	1,748,743	$	1,661,150	5.3	5.0	0.3
Diabetes Care		753,343		674,020	11.8	12.2	(0.4	)
Pharmaceutical Systems		639,694		563,271	13.6	16.9	(3.3	)
Ophthalmic Systems		61,676		59,647	3.4	5.3	(1.9	)
TOTAL	$	3,203,456	$	2,958,088	8.3	8.9	(0.6	)
BD DIAGNOSTICS
Preanalytical Systems	$	927,759	$	854,831	8.5	8.9	(0.4	)
Diagnostic Systems		827,107		802,233	3.1	4.2	(1.1	)
TOTAL	$	1,754,866	$	1,657,064	5.9	6.6	(0.7	)
BD BIOSCIENCES
Discovery Labware	$	216,309	$	206,561	4.7	5.9	(1.2	)
Immunocytometry Systems		502,847		452,383	11.2	12.4	(1.2	)
Pharmingen		157,349		140,585	11.9	13.4	(1.5	)
TOTAL	$	876,505	$	799,529	9.6	10.9	(1.3	)
TOTAL REVENUES	$	5,834,827	$	5,414,681	7.8	8.5	(0.7	)

Page 13

BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
Twelve Months Ended September 30,
(Unaudited; Amounts in thousands)

	Reported
						% Change
		2006		2005	Reported	FX Neutral	FX Impact
Total Revenues	$	5,834,827	$	5,414,681	7.8	8.5	(0.7	)
BD Medical		3,203,456		2,958,088	8.3	8.9	(0.6	)
Diabetes Care		753,343		674,020	11.8	12.2	(0.4	)
US Total Revenues	$	2,828,023	$	2,590,951	9.1	9.1	-
US BD Medical		1,506,756		1,366,688	10.2	10.2	-
US Diabetes Care		451,977		391,109	15.6	15.6	-
	Excluding BGM Exit Costs
						% Change
		2006 (1)		2005	Reported	FX Neutral	FX Impact
Total Revenues	$	5,840,179	$	5,414,681	7.9	8.6	(0.7	)
BD Medical		3,208,808		2,958,088	8.5	9.1	(0.6	)
Diabetes Care		758,695		674,020	12.6	13.0	(0.4	)
US Total Revenues	$	2,833,375	$	2,590,951	9.4	9.4	-
US BD Medical		1,512,108		1,366,688	10.6	10.6	-
US Diabetes Care		457,329		391,109	16.9	16.9	-

(1)  All revenue data excludes $5,352 of estimated customer returns associated with the Company's decision to exit the BGM market.

Page 14