-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HjXqOjpEXhgahPBs+9E2fng3mye14WEwNcgozKVSr615PG08fSO5slfrNYcdqW/q BifYpF5h43QyvvNBkzpcYQ== 0000200406-10-000006.txt : 20100126 0000200406-10-000006.hdr.sgml : 20100126 20100126113009 ACCESSION NUMBER: 0000200406-10-000006 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20100126 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100126 DATE AS OF CHANGE: 20100126 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JOHNSON & JOHNSON CENTRAL INDEX KEY: 0000200406 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 221024240 STATE OF INCORPORATION: NJ FISCAL YEAR END: 0209 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-03215 FILM NUMBER: 10546581 BUSINESS ADDRESS: STREET 1: ONE JOHNSON & JOHNSON PLZ CITY: NEW BRUNSWICK STATE: NJ ZIP: 08933 BUSINESS PHONE: 732-524-2455 MAIL ADDRESS: STREET 1: ONE JOHNSON & JOHNSON PLZ CITY: NEW BRUNSWICK STATE: NJ ZIP: 08933 8-K 1 eightkfourthquarter2010.htm eightkfourthquarter2010.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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):
 
January 26, 2010

 
 
(Exact name of registrant as specified in its charter)
 
 
New Jersey
I-3215
22-1024240
(State or Other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)


One Johnson & Johnson Plaza, New Brunswick, New Jersey  08933
 
(Address of Principal Executive Offices)
 (Zip Code)
 
Registrant’s telephone number, including area code:
732-524-0400
 
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:
 
o             Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
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 January 26, 2010, Johnson & Johnson issued the attached press release announcing its sales and earnings for the fourth quarter ended January 3, 2010.
 
Item 9.01            Financial Statements and Exhibits
 
Exhibit No.
 
Description of Exhibit
 
 
Press Release dated January 26, 2010 for the period ended January 3, 2010.
 
99.2O
 
Unaudited Comparative Supplementary Sales Data and Condensed Consolidated Statement of Earnings for the fourth quarter.
 
 
 

 

 
 

 

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.
 
 
Johnson & Johnson
 
   
 (Registrant)
 
 
 
 
Date: January 26, 2010
By:
/s/ Stephen J. Cosgrove
 
   
Stephen J. Cosgrove
Controller
(Principal Accounting Officer)
 

 
 

 

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Exhibit 99.15

 
Johnson & Johnson Reports 2009 Fourth-Quarter and Full-Year Results:

2009 Fourth-Quarter Sales of $16.6 Billion increased 9.0%; EPS was $0.79
2009 Full-Year Sales of $61.9 Billion decreased 2.9%; Full-Year EPS was $4.40
Excluding Special Items, 2009 Fourth-Quarter EPS was $1.02, an increase of 8.5%
And 2009 Full-Year EPS was $4.63, an increase of 1.8%*


New Brunswick, NJ (January 26, 2010) – Johnson & Johnson today announced sales of $16.6 billion for the fourth quarter of 2009, an increase of 9.0% as compared to the fourth quarter of 2008. Operational growth was 4.5% and currency contributed 4.5%. Domestic sales were up 2.6%, while international sales increased 15.6%, reflecting operational growth of 6.4% and a positive currency impact of 9.2%. Worldwide sales for the full-year 2009 were $61.9 billion, a decrease of 2.9% over 2008. Operational results declined 0.3% and the negative impact of currency was 2.6%.  Domestic sales declined 4.4%, while international sales declined 1.4%, reflecting operational growth of 3.9% and a negative currency impact of 5.3%.
 
Net earnings and diluted earnings per share for the fourth quarter of 2009 were $2.2 billion and $0.79 respectively. Fourth quarter 2009 net earnings included an after-tax restructuring charge of $852 million and an after-tax gain of $212 million representing the net impact of litigation matters. Fourth quarter 2008 net earnings included special items related to in-process research and development charges of $141 million with no tax benefit and an after-tax gain of $229 million representing the net impact of litigation matters. Excluding these special items, net earnings for the current quarter were $2.8 billion and diluted earnings per share were $1.02, representing increases of 8.4% and 8.5%, respectively, as compared to the same period in 2008.*

Net earnings and diluted earnings per share for the full-year 2009 were $12.3 billion and $4.40. Full-year 2009 net earnings included an after-tax restructuring charge of $852 million and an after-tax gain of $212 million representing the net impact of litigation matters. Full-year 2008 net earnings included special items related to in-process research and development charges of $181 million with no tax benefit and an after-tax gain of $229 million representing the net impact of litigation matters. Excluding these special items, net earnings for the full-year 2009 were $12.9 billion. Diluted earnings per share for the full-year 2009 were $4.63, representing an increase of 1.8%, as compared with the full-year in 2008.*
 
The Company announced earnings guidance for full-year 2010 of $4.85 to $4.95 per share, which excludes the impact of special items.
 
“In a year of tremendous challenge, we maintained our long-term focus while delivering solid results -- a great tribute to the employees of Johnson & Johnson,” said William C. Weldon, Chairman and Chief Executive Officer. “We made important investments in acquisitions, strategic partnerships and launches of recently-approved innovative products while preserving our financial flexibility to continue to invest in innovation. This positions us well for continued leadership and growth in global health care as we enter 2010.”
 
Worldwide Consumer sales of $15.8 billion for the full-year 2009 represented a decrease of 1.6% over the prior year with operational growth of 2.0% and a negative currency impact of 3.6%. Domestic sales decreased 1.4%; international sales decreased 1.7%, which reflected operational growth of 4.7% and a negative currency impact of 6.4%.
 
Primary contributors to operational growth included NEUTROGENA®, AVEENO® and the Dabao skin care products; international sales of LISTERINE® antiseptic mouthrinse; SPLENDA® No Calorie Sweetener; and sales from the acquisition of Vania Expansion SNC. Sales growth was negatively impacted due to the initial build of inventory by the trade related to the 2008 launch of Zyrtec.
 
Worldwide Pharmaceutical sales of $22.5 billion for the full-year 2009 represented a decrease of 8.3% versus the prior year with an operational decline of 6.1% and a negative impact from currency of 2.2%. Domestic sales decreased 12.1%; international sales decreased 2.6%, which reflected an operational increase of 3.0% and a negative currency impact of 5.6%.

Products with strong operational growth included REMICADE® (infliximab), a biologic approved for the treatment of a number of immune mediated inflammatory diseases; PREZISTA® (darunavir), a treatment for HIV; VELCADE® (bortezomib), a treatment for multiple myeloma; and RISPERDAL® CONSTA® (risperidone) Long-Acting Treatment, an antipsychotic medication.
 
 Sales results of TOPAMAX® (topiramate), an antiepileptic and a treatment for migraine, and RISPERDAL® (risperidone), an antipsychotic medication, were negatively impacted by generic competition.
 
During the quarter, the Company submitted a New Drug Application to the U.S. Food and Drug Administration (FDA) for tapentadol extended release tablets, an investigational oral analgesic for the management of moderate to severe chronic pain in patients 18 years of age or older. In addition, the Company submitted a Marketing Authorization Application to the European Medicines Agency for paliperidone palmitate, a once-monthly atypical antipsychotic intramuscular injection for the treatment of adults with schizophrenia.
 
Worldwide Medical Devices and Diagnostics sales of $23.6 billion for the full-year 2009 represented an increase of 1.9% versus the prior year with an operational increase of 4.2% and a negative impact from currency of 2.3%. Domestic sales increased 4.5%; international sales decreased 0.2%, which reflected an operational increase of 4.0% and a negative currency impact of 4.2%.
 
Primary contributors to operational growth included Ethicon’s surgical care and aesthetics products; DePuy’s orthopaedic joint reconstruction, spine, and sports medicine businesses; Ethicon Endo-Surgery’s minimally invasive products; and Ortho-Clinical Diagnostics’ professional products. This growth was partially offset by lower sales in the Cordis franchise, reflecting continued competition in the drug-eluting stent market.
 
During the quarter, the Company entered into a definitive agreement to acquire Acclarent, Inc., a privately held medical technology company dedicated to designing, developing and commercializing devices that address conditions affecting the ear, nose and throat. On January 20, 2010, the acquisition of Acclarent was completed. Also in the quarter, the Company completed the acquisitions of Finsbury Orthopaedics Limited, a privately held UK-based manufacturer and global distributor of orthopaedic implants, and Gloster Europe, a privately held developer of innovative disinfection processes and technologies to prevent healthcare-acquired infections.
 
The Company also announced that it had received FDA clearance for marketing the CARTO® 3 System, the most advanced three-dimensional imaging technology for use by electrophysiologists in treating cardiac arrhythmias, commonly referred to as irregular heart rhythms.

About Johnson & Johnson
 
Caring for the world, one person at a time…inspires and unites the people of Johnson & Johnson. We embrace research and science - bringing innovative ideas, products and services to advance the health and well-being of people. Our 115,000 employees at more than 250 Johnson & Johnson companies work with partners in health care to touch the lives of over a billion people every day, throughout the world.
 
* Net earnings and diluted earnings per share excluding special items, such as after-tax restructuring charges, the net impact of litigation gains and in-process research and development charges, are non-GAAP financial measures and should not be considered replacements for GAAP results. A reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures can be found in the Investor Relations section of the Company’s website at www.jnj.com.


NOTE TO INVESTORS

Johnson & Johnson will conduct a meeting with members of the investment community to discuss this news release today at 8:30 a.m., Eastern Time. A simultaneous webcast of the meeting for investors and other interested parties may be accessed by visiting the Johnson & Johnson website at www.investor.jnj.com. A replay and podcast will be available approximately two hours after the live webcast by visiting www.investor.jnj.com.

Copies of the financial schedules accompanying this press release are available at www.investor.jnj.com/historical-sales.cfm. The schedules include supplementary sales data, a condensed consolidated statement of earnings, sales of key products/franchises and a pharmaceutical pipeline of selected compounds in late stage development. Additional information on Johnson & Johnson can be found on the Company’s website at www.jnj.com.
 
(This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or unknown risks or uncertainties materialize, actual results could vary materially from Johnson & Johnson's expectations and projections. Risks and uncertainties include general industry conditions and competition; economic conditions, such as interest rate and currency exchange rate fluctuations; technological advances and patents attained by competitors; challenges inherent in new product development, including obtaining regulatory approvals; domestic and foreign health care reforms and governmental laws and regulations; and trends toward health care cost containment. A further list and description of these risks, uncertainties and other factors can be found in Exhibit 99 of the Company's Annual Report on Form 10-K for the fiscal year ended December 28, 2008. Copies of this Form 10-K, as well as subsequent filings, are available online at www.sec.gov, www.jnj.com or on request from Johnson & Johnson. Johnson & Johnson does not undertake to update any forward-looking statements as a result of new information or future events or developments.)
 
EX-99.2O OTH FIN ST 4 exhibi99204q2010.htm exhibi99204q2010.htm
Exhibit 99.2O
 
Johnson & Johnson and Subsidiaries
                   
Condensed Consolidated Statement of Earnings
               
   
 
 
 
 
 
 
 
   
(Unaudited; in Millions Except Per Share Figures)
FOURTH QUARTER
   
2009
 
2008
 
Percent
       
Percent
     
Percent
 
Increase
   
Amount
 
to Sales
 
Amount
 
to Sales
 
(Decrease)
Sales to customers
 
 $         16,551
 
100.0
 
 $         15,182
 
100.0
 
9.0
Cost of products sold
 
             5,312
 
32.1
 
             4,372
 
28.8
 
21.5
Selling, marketing and administrative expenses
 
5,629
 
34.0
 
5,665
 
37.3
 
(0.6)
Research expense
 
2,213
 
13.4
 
2,108
 
13.9
 
5.0
In-process research & development (IPR&D)
 
                    -
 
                   -
 
                141
 
0.9
   
Interest (income)expense, net
 
81
 
0.5
 
17
 
0.1
   
Other (income)expense, net
 
(361)
 
(2.2)
 
(638)
 
(4.2)
   
Restructuring expense
 
             1,073
 
6.5
 
                    -
 
                    -
   
Earnings before provision for taxes on income
 
2,604
 
15.7
 
3,517
 
23.2
 
(26.0)
Provision for taxes on income
 
398
 
2.4
 
803
 
5.3
 
(50.4)
Net earnings
 
 $           2,206
 
13.3
 
 $           2,714
 
17.9
 
(18.7)
                     
Net earnings per share  (Diluted)
 
 $             0.79
     
 $             0.97
     
(18.6)
                     
Average shares outstanding  (Diluted)
 
2,796.5
     
2,801.6
       
                     
Effective tax rate
 
15.3
%
   
22.8
%
   
 
                     
Adjusted earnings before provision for taxes and net earnings (A)
             
     Earnings before provision for taxes on income
 $           3,404
 (1)
20.6
 
 $           3,279
 (2)
21.6
 
3.8
     Net earnings
 
 $           2,846
 (1)
17.2
 
 $           2,626
 (2)
17.3
 
8.4
     Net earnings per share  (Diluted)
 
 $             1.02
 (1)
   
 $             0.94
 (2)
   
8.5
     Effective tax rate
 
16.4
   
19.9
     
                     
 
(1) The difference between as reported earnings and as adjusted earnings before provision for taxes on income, net earnings and net earnings per share (diluted) is the exclusion of restructuring expense of $1,186 million ($1,073 million restructuring expense and $113 million related to restructuring included in cost of products sold), $852 million and $0.31 per share, respectively, and the exclusion of income from net litigation of $386 million, $212 million and $0.08 per share, respectively.
                       
(2) The difference between as reported earnings and as adjusted earnings before provision for taxes on income, net earnings and net earnings per share (diluted) is the exclusion of IPR&D of $141 million with no tax benefit and $0.05 per share, respectively, and the exclusion of income from net litigation of $379 million, $229 million and $0.08 per share, respectively.
                       
 

 
 

 

Johnson & Johnson and Subsidiaries
                   
Condensed Consolidated Statement of Earnings
                   
         
 
 
 
 
 
 
(Unaudited; in Millions Except Per Share Figures)
 
TWELVE MONTHS
   
2009
 
2008
 
Percent
       
Percent
     
Percent
 
Increase
   
Amount
 
to Sales
 
Amount
 
to Sales
 
(Decrease)
Sales to customers
 
 $         61,897
 
100.0
 
 $         63,747
 
100.0
 
(2.9)
Cost of products sold
 
18,447
 
29.8
 
18,511
 
29.1
 
(0.3)
Selling, marketing and administrative expenses
 
19,801
 
32.0
 
21,490
 
33.7
 
(7.9)
Research expense
 
6,986
 
11.3
 
7,577
 
11.9
 
(7.8)
In-process research & development (IPR&D)
 
                    -
 
                   -
 
181
 
0.3
   
Interest (income)expense, net
 
361
 
0.6
 
74
 
0.1
   
Other (income)expense, net
 
(526)
 
(0.8)
 
(1,015)
 
(1.6)
 
 
Restructuring expense
 
             1,073
 
1.7
 
                    -
 
-
   
Earnings before provision for taxes on income
 
15,755
 
25.4
 
16,929
 
26.5
 
(6.9)
Provision for taxes on income
 
             3,489
 
5.6
 
             3,980
 
6.2
 
(12.3)
Net earnings
 
 $         12,266
 
19.8
 
 $         12,949
 
20.3
 
(5.3)
                     
Net earnings per share  (Diluted)
 
 $             4.40
     
 $             4.57
     
(3.7)
                     
Average shares outstanding  (Diluted)
 
2,789.1
     
2,835.6
       
                     
Effective tax rate
 
22.1
%
   
23.5
%
   
 
                     
Adjusted earnings before provision for taxes and net earnings (A)
               
     Earnings before provision for taxes on income
 $         16,555
 (1)
26.7
 
 $         16,731
 (2)
26.2
 
(1.1)
     Net earnings
 
 $         12,906
 (1)
20.9
 
 $         12,901
 (2)
20.2
 
-
     Net earnings per share  (Diluted)
 
 $             4.63
 (1)
   
 $             4.55
 (2)
   
1.8
     Effective tax rate
 
22.0
%    
22.9
 %       

(1) The difference between as reported earnings and as adjusted earnings before provision for taxes on income, net earnings and net earnings per share (diluted) is the exclusion of restructuring expense of $1,186 million ($1,073 million restructuring expense and $113 million related to restructuring included in cost of products sold), $852 million and $0.31 per share, respectively, and the exclusion of income from fourth quarter net litigation of $386 million, $212 million and $0.08 per share, respectively.

(2) The difference between as reported earnings and as adjusted earnings before provision for taxes on income, net earnings and net earnings per share (diluted) is the exclusion of IPR&D of $181 million with no tax benefit and $0.06 per share, respectively, and the exclusion of income from fourth quarter net litigation of $379 million, $229 million and $0.08 per share, respectively.
 
(A) NON-GAAP FINANCIAL MEASURES "Adjusted earnings before provision for taxes on income," "adjusted net earnings," "adjusted net earnings per share (diluted)," and "adjusted effective tax rate" are non-GAAP financial measures and should not be considered replacements for GAAP results. The Company provides earnings before provision for taxes on income, net earnings, net earnings per share (diluted), and effective tax rate on an adjusted basis because management believes that these measures provide useful information to investors. Among other things, they may assist investors in evaluating the Company's results of operations period over period. In various periods, these measures may exclude such items as business development activities (including IPR&D at acquisition or upon attainment of milestones and any extraordinary expenses), strategic developments (including restructuring and product line changes), significant litigation, and changes in applicable laws and regulations (including significant accounting or tax matters). Special items may be highly variable, difficult to predict, and of a size that sometimes has substantial impact on the Company's reported results of operations for a period. Management uses these measures internally for planning, forecasting and evaluating the performances of the Company's businesses, including allocating resources and evaluating results relative to employee performance compensation targets. Unlike earnings before provision for taxes on income, net earnings, net earnings per share (diluted), and effective tax rate prepared in accordance with GAAP, adjusted earnings before provision for taxes on income, adjusted net earnings, adjusted net earnings per share (diluted), and adjusted effective tax rate may not be comparable with the calculation of similar measures for other companies. These non-GAAP financial measures are presented solely to permit investors to more fully understand how management assesses the performance of the Company. The limitations of using these non-GAAP financial measures as performance measures are that they provide a view of the Company's results of operations without including all events during a period, such as the effects of an acquisition, merger-related or other restructuring charges, or amortization of purchased intangibles, and do not provide a comparable view of the Company's performance to other companies in the health care industry. Investors should consider non-GAAP financial measures in addition to, and not as replacements for, or superior to, measures of financial performance prepared in accordance with GAAP.
 
 

 

Johnson & Johnson and Subsidiaries
               
Supplementary Sales Data
                 
                   
(Unaudited; Dollars in Millions)
FOURTH QUARTER*
         
Percent Change
 
2009
 
2008
 
Total
  Operations
Currency
Sales to customers by
                 
segment of business
                 
                   
Consumer
                 
    U.S.
 $  1,712
 
   1,655
 
   3.4
%
          3.4
 
            -
    International
     2,537
 
   2,200
 
 15.3
 
          6.5
 
        8.8
 
     4,249
 
   3,855
 
 10.2
 
          5.2
 
        5.0
                   
Pharmaceutical
                 
    U.S.
     3,338
 
   3,430
 
  (2.7)
 
         (2.7)
 
            -
    International
     2,655
 
   2,255
 
 17.7
 
          8.0
 
        9.7
 
     5,993
 
   5,685
 
   5.4
 
          1.6
 
        3.8
                   
Med Devices & Diagnostics
                 
    U.S.
     2,817
 
   2,582
 
   9.1
 
          9.1
 
            -
    International
     3,492
 
   3,060
 
 14.1
 
          4.9
 
        9.2
 
     6,309
 
   5,642
 
 11.8
 
          6.8
 
        5.0
                   
U.S.
     7,867
 
   7,667
 
   2.6
 
          2.6
 
            -
International
     8,684
 
   7,515
 
 15.6
 
          6.4
 
        9.2
Worldwide
 $16,551
 
 15,182
 
   9.0
%
          4.5
 
        4.5
                   
*Fourth Quarter 2009 includes fourteen weeks and 2008 includes thirteen weeks.
   
                   

 
 

 

Johnson & Johnson and Subsidiaries
Supplementary Sales Data
                 
                   
(Unaudited; Dollars in Millions)
TWELVE MONTHS**
         
Percent Change
 
2009
 
2008
 
Total
  Operations
Currency
Sales to customers by
                 
segment of business
                 
                   
Consumer
                 
    U.S.
 $  6,837
 
   6,937
 
   (1.4)
%
         (1.4)
 
            -
    International
     8,966
 
   9,117
 
   (1.7)
 
          4.7
 
       (6.4)
 
   15,803
 
 16,054
 
   (1.6)
 
          2.0
 
       (3.6)
                   
Pharmaceutical
                 
    U.S.
   13,041
 
 14,831
 
 (12.1)
 
       (12.1)
 
            -
    International
     9,479
 
   9,736
 
   (2.6)
 
          3.0
 
       (5.6)
 
   22,520
 
 24,567
 
   (8.3)
 
         (6.1)
 
       (2.2)
                   
Med Devices & Diagnostics
                 
    U.S.
   11,011
 
 10,541
 
    4.5
 
          4.5
 
            -
    International
   12,563
 
 12,585
 
   (0.2)
 
          4.0
 
       (4.2)
 
   23,574
 
 23,126
 
    1.9
 
          4.2
 
       (2.3)
                   
U.S.
   30,889
 
 32,309
 
   (4.4)
 
         (4.4)
 
            -
International
   31,008
 
 31,438
 
   (1.4)
 
          3.9
 
       (5.3)
Worldwide
 $61,897
 
 63,747
 
   (2.9)
%
         (0.3)
 
       (2.6)
                   
**Twelve Months 2009 includes fifty-three weeks and 2008 includes fifty-two weeks.
 

 
 

 

Johnson & Johnson and Subsidiaries
               
Supplementary Sales Data
                 
                   
(Unaudited; Dollars in Millions)
FOURTH QUARTER*
         
Percent Change
 
2009
 
2008
 
Total
  Operations
Currency
Sales to customers by
                 
geographic area
                 
                   
U.S.
 $    7,867
 
     7,667
 
   2.6
%
          2.6
 
            -
                   
Europe
       4,412
 
     3,851
 
 14.6
 
          5.1
 
        9.5
Western Hemisphere excluding U.S.
       1,541
 
     1,187
 
 29.8
 
        19.0
 
      10.8
Asia-Pacific, Africa
       2,731
 
     2,477
 
 10.3
 
          2.3
 
        8.0
International
       8,684
 
     7,515
 
 15.6
 
          6.4
 
        9.2
 
 
 
 
 
 
 
 
 
 
Worldwide
 $  16,551
 
   15,182
 
   9.0
%
          4.5
 
        4.5
                   
*Fourth Quarter 2009 includes fourteen weeks and 2008 includes thirteen weeks.
   
 

 
 

 

Johnson & Johnson and Subsidiaries
Supplementary Sales Data
                 
                   
(Unaudited; Dollars in Millions)
TWELVE MONTHS**
         
Percent Change
 
2009
 
2008
 
Total
  Operations
Currency
Sales to customers by
                 
geographic area
                 
                   
U.S.
 $  30,889
 
   32,309
 
 (4.4)
%
         (4.4)
 
            -
                   
Europe
     15,934
 
   16,782
 
 (5.1)
 
          2.1
 
       (7.2)
Western Hemisphere excluding U.S.
       5,156
 
     5,173
 
 (0.3)
 
          8.8
 
       (9.1)
Asia-Pacific, Africa
       9,918
 
     9,483
 
  4.6
 
          4.4
 
        0.2
International
     31,008
 
   31,438
 
 (1.4)
 
          3.9
 
       (5.3)
 
 
 
 
 
 
 
 
 
 
Worldwide
 $  61,897
 
   63,747
 
 (2.9)
%
         (0.3)
 
       (2.6)
                   
**Twelve Months 2009 includes fifty-three weeks and 2008 includes fifty-two weeks.
 
 


 
 

 

            REPORTED SALES vs. PRIOR PERIOD
            $MM
                   
         
FOURTH QUARTER
             
% Change
         
2009
2008
Reported
Operational (1)
Currency
                   
CONSUMER SEGMENT (2)
           
                   
SKIN CARE
               
US
       
       378
      343
10.2%
10.2%
             -
Intl
       
       572
      501
14.2%
6.7%
7.5%
WW
       
       950
      844
12.6%
8.1%
4.5%
         
 
 
     
BABY CARE
               
US
       
       106
      109
(2.8%)
(2.8%)
             -
Intl
       
       468
      414
13.0%
5.0%
8.0%
WW
       
       574
      523
9.8%
3.4%
6.4%
         
 
 
     
ORAL CARE
               
US
       
       167
      192
(13.0%)
(13.0%)
             -
Intl
       
       241
      204
18.1%
9.1%
9.0%
WW
       
       408
      396
3.0%
(1.7%)
4.7%
         
 
 
     
OTC/NUTRITIONALS
             
US
       
       807
      762
5.9%
5.9%
             -
Intl
       
       767
      694
10.5%
2.2%
8.3%
WW
       
    1,574
   1,456
8.1%
4.2%
3.9%
         
 
 
     
WOMEN'S HEALTH
             
US
       
       135
      148
(8.8%)
(8.8%)
             -
Intl
       
       354
      288
22.9%
12.4%
10.5%
WW
       
       489
      436
12.2%
5.2%
7.0%
         
 
 
     
WOUND CARE / OTHER
           
US
       
       119
      101
17.8%
17.8%
             -
Intl
       
       135
        99
36.4%
20.2%
16.2%
WW
       
       254
      200
27.0%
20.0%
7.0%
         
 
 
     
TOTAL CONSUMER
             
US
       
    1,712
   1,655
3.4%
3.4%
             -
Intl
       
    2,537
   2,200
15.3%
6.5%
8.8%
WW
       
    4,249
   3,855
10.2%
5.2%
5.0%
 
Note: See footnotes at end of schedule
 

 
 

 

            REPORTED SALES vs. PRIOR PERIOD
            $MM
                   
         
    TWELVE MONTHS
             
% Change
         
2009
2008
Reported
Operational (1)
Currency
                   
CONSUMER SEGMENT (2)
           
                 
SKIN CARE
               
US
       
1,582
1,462
8.2%
8.2%
             -
Intl
       
1,885
1,919
(1.8%)
3.9%
(5.7%)
WW
       
3,467
3,381
2.5%
5.7%
(3.2%)
                   
BABY CARE
               
US
       
414
449
(7.8%)
(7.8%)
             -
Intl
       
1,701
1,765
(3.6%)
1.7%
(5.3%)
WW
       
2,115
2,214
(4.5%)
(0.2%)
(4.3%)
                   
ORAL CARE
               
US
       
716
780
(8.2%)
(8.2%)
             -
Intl
       
853
844
1.1%
8.6%
(7.5%)
WW
       
1,569
1,624
(3.4%)
0.5%
(3.9%)
                   
OTC/NUTRITIONALS
             
US
       
2,944
3,061
(3.8%)
(3.8%)
             -
Intl
       
2,686
2,833
(5.2%)
1.9%
(7.1%)
WW
       
5,630
5,894
(4.5%)
(1.1%)
(3.4%)
                   
WOMEN'S HEALTH
             
US
       
578
618
(6.5%)
(6.5%)
             -
Intl
       
1,317
1,293
1.9%
8.4%
(6.5%)
WW
       
1,895
1,911
(0.8%)
3.6%
(4.4%)
                   
WOUND CARE / OTHER
           
US
       
603
567
6.3%
6.3%
             -
Intl
       
524
463
13.2%
19.9%
(6.7%)
WW
       
1,127
1,030
9.4%
12.2%
(2.8%)
                   
TOTAL CONSUMER
             
US
       
6,837
6,937
(1.4%)
(1.4%)
             -
Intl
       
8,966
9,117
(1.7%)
4.7%
(6.4%)
WW
       
15,803
16,054
(1.6%)
2.0%
(3.6%)
 
Note: See footnotes at end of schedule
 

 
 

 
 
 

            REPORTED SALES vs. PRIOR PERIOD
            $MM
                   
         
FOURTH QUARTER
             
% Change
         
2009
2008
Reported
Operational (1)
Currency
                   
PHARMACEUTICAL SEGMENT  (2)
           
                   
ACIPHEX/PARIET
               
US
       
       158
      140
12.9%
12.9%
             -
Intl
       
       154
      134
14.9%
2.7%
12.2%
WW
       
       312
      274
13.9%
8.0%
5.9%
         
 
 
     
CONCERTA
               
US
       
       279
      208
34.1%
34.1%
             -
Intl
       
       102
        72
41.7%
31.2%
10.5%
WW
       
       381
      280
36.1%
33.4%
2.7%
         
 
 
     
DURAGESIC/FENTANYL TRANSDERMAL
           
US
       
         53
        72
(26.4%)
(26.4%)
             -
Intl
       
       180
      200
(10.0%)
(19.4%)
9.4%
WW
       
       233
      272
(14.3%)
(21.2%)
6.9%
         
 
 
     
LEVAQUIN/FLOXIN
               
US
       
       433
      393
10.2%
10.2%
             -
Intl
       
         19
        18
5.6%
1.7%
3.9%
WW
       
       452
      411
10.0%
9.8%
0.2%
         
 
 
     
PROCRIT/EPREX
               
US
       
       308
      318
(3.1%)
(3.1%)
             -
Intl
       
       268
      242
10.7%
(0.3%)
11.0%
WW
       
       576
      560
2.9%
(1.9%)
4.8%
         
 
 
     
RAZADYNE/REMINYL
             
US
       
           6
        11
(45.5%)
(45.5%)
             -
Intl
       
       104
        91
14.3%
2.0%
12.3%
WW
       
       110
      102
7.8%
(3.2%)
11.0%
         
 
 
     
REMICADE
               
US
       
       758
      672
12.8%
12.8%
             -
US Exports (4)
     
       375
      209
79.4%
79.4%
             -
Intl
       
           5
          5
             -
(0.3%)
0.3%
WW
       
    1,138
      886
28.4%
28.4%
             -
 
Note: See footnotes at end of schedule
 
 

 


            REPORTED SALES vs. PRIOR PERIOD
            $MM
                   
         
TWELVE MONTHS
             
% Change
         
2009
2008
Reported
Operational (1)
Currency
                   
PHARMACEUTICAL SEGMENT  (2)
           
                   
ACIPHEX/PARIET
               
US
       
555
539
3.0%
3.0%
             -
Intl
       
541
619
(12.6%)
(6.7%)
(5.9%)
WW
       
1,096
1,158
(5.4%)
(2.3%)
(3.1%)
         
 
 
     
CONCERTA
               
US
       
986
830
18.8%
18.8%
             -
Intl
       
340
417
(18.5%)
(11.9%)
(6.6%)
WW
       
1,326
1,247
6.3%
8.5%
(2.2%)
         
 
 
     
DURAGESIC/FENTANYL TRANSDERMAL
           
US
       
216
271
(20.3%)
(20.3%)
             -
Intl
       
672
765
(12.2%)
(8.3%)
(3.9%)
WW
       
888
1,036
(14.3%)
(11.4%)
(2.9%)
                   
LEVAQUIN/FLOXIN
               
US
       
1,478
1,510
(2.1%)
(2.1%)
             -
Intl
       
72
81
(11.1%)
1.6%
(12.7%)
WW
       
1,550
1,591
(2.6%)
(2.0%)
(0.6%)
         
 
 
     
PROCRIT/EPREX
               
US
       
1,258
1,332
(5.6%)
(5.6%)
             -
Intl
       
987
1,128
(12.5%)
(7.1%)
(5.4%)
WW
       
2,245
2,460
(8.7%)
(6.2%)
(2.5%)
         
 
       
RAZADYNE/REMINYL
             
US
       
36
134
(73.1%)
(73.1%)
             -
Intl
       
379
407
(6.9%)
(0.5%)
(6.4%)
WW
       
415
541
(23.3%)
(18.5%)
(4.8%)
         
 
       
REMICADE
               
US
       
3,088
2,810
9.9%
9.9%
             -
US Exports (4)
     
1,196
927
29.0%
29.0%
             -
Intl
       
20
11
81.8%
78.8%
3.0%
WW
       
4,304
3,748
14.8%
14.8%
             -
 
Note: See footnotes at end of schedule
 
 

 
 


            REPORTED SALES vs. PRIOR PERIOD
            $MM
                   
         
FOURTH QUARTER
             
% Change
         
2009
2008
Reported
Operational (1)
Currency
                   
PHARMACEUTICAL SEGMENT  (2) (Continued)
           
                   
RISPERDAL/RISPERIDONE
           
US
       
         24
        91
(73.6%)
(73.6%)
             -
Intl
       
       169
      194
(12.9%)
(20.9%)
8.0%
WW
       
       193
      285
(32.3%)
(37.8%)
5.5%
         
 
 
     
RISPERDAL CONSTA
             
US
       
       133
      117
13.7%
13.7%
             -
Intl
       
       266
      202
31.7%
20.6%
         11.1
WW
       
       399
      319
25.1%
18.1%
          7.0
         
 
 
     
TOPAMAX
               
US
       
         89
      576
(84.5%)
(84.5%)
             -
Intl
       
       103
      104
(1.0%)
(11.7%)
10.7%
WW
       
       192
      680
(71.8%)
(73.4%)
1.6%
         
 
 
     
VELCADE
               
US
       
          -
         -
             -
                          -
             -
Intl
       
       281
      208
35.1%
26.5%
8.6%
WW
       
       281
      208
35.1%
26.5%
8.6%
         
 
 
     
OTHER
                 
US
       
       722
      623
15.9%
15.9%
             -
Intl
       
    1,004
      785
27.9%
19.1%
8.8%
WW
       
    1,726
   1,408
22.6%
17.7%
4.9%
         
 
 
     
TOTAL PHARMACEUTICAL
           
US
       
    3,338
   3,430
(2.7%)
(2.7%)
             -
Intl
       
    2,655
   2,255
17.7%
8.0%
9.7%
WW
       
    5,993
   5,685
5.4%
1.6%
3.8%
                   
MAJOR NEW PHARMACEUTICAL PRODUCTS (5)
       
                   
PREZISTA
               
US
       
88
50
76.0%
76.0%
             -
Intl
       
91
43
111.6%
98.7%
12.9%
WW
       
179
93
92.5%
86.5%
6.0%
                   
INVEGA
                 
US
       
72
70
2.9%
2.9%
             -
Intl
       
34
25
36.0%
23.8%
12.2%
WW
       
106
95
11.6%
8.4%
3.2%
 
Note: See footnotes at end of schedule
 
 
 

 
 


            REPORTED SALES vs. PRIOR PERIOD
            $MM
                   
         
TWELVE MONTHS
             
% Change
         
2009
2008
Reported
Operational (1)
Currency
                   
PHARMACEUTICAL SEGMENT  (2) (Continued)
           
                   
RISPERDAL/RISPERIDONE
           
US
       
247
1,287
(80.8%)
(80.8%)
             -
Intl
       
652
839
(22.3%)
(21.2%)
(1.1%)
WW
       
899
2,126
(57.7%)
(57.3%)
(0.4%)
         
 
 
     
RISPERDAL CONSTA
             
US
       
519
456
13.8%
13.8%
             -
Intl
       
906
853
6.2%
14.5%
(8.3%)
WW
       
1,425
1,309
8.9%
14.3%
(5.4%)
         
 
 
     
TOPAMAX
               
US
       
731
2,250
(67.5%)
(67.5%)
             -
Intl
       
420
481
(12.7%)
(5.3%)
(7.4%)
WW
       
1,151
2,731
(57.9%)
(56.6%)
(1.3%)
         
 
 
     
VELCADE
               
US
       
             -
4
(100.0%)
(100.0%)
             -
Intl
       
933
783
19.2%
26.7%
(7.5%)
WW
       
933
787
18.6%
26.0%
(7.4%)
         
 
 
     
OTHER
                 
US
       
2,731
2,481
10.1%
10.1%
             -
Intl
       
3,557
3,352
6.1%
11.4%
(5.3%)
WW
       
6,288
5,833
7.8%
10.8%
(3.0%)
         
 
 
     
TOTAL PHARMACEUTICAL
           
US
       
13,041
14,831
(12.1%)
(12.1%)
             -
Intl
       
9,479
9,736
(2.6%)
3.0%
(5.6%)
WW
       
22,520
24,567
(8.3%)
(6.1%)
(2.2%)
         
 
 
     
MAJOR NEW PHARMACEUTICAL PRODUCTS (5)
                   
PREZISTA
               
US
       
303
159
90.6%
90.6%
             -
Intl
       
289
175
65.1%
77.0%
(11.9%)
WW
       
592
334
77.2%
83.4%
(6.2%)
                   
INVEGA
                 
US
       
266
262
1.5%
1.5%
             -
Intl
       
127
64
98.4%
111.7%
(13.3%)
WW
       
393
326
20.6%
23.2%
(2.6%)
 
Note: See footnotes at end of schedule
 
 
 
 

 

            REPORTED SALES vs. PRIOR PERIOD
            $MM
                   
         
FOURTH QUARTER
             
% Change
         
2009
2008
Reported
Operational (1)
Currency
                   
MEDICAL DEVICES AND DIAGNOSTICS  (2) (3)
           
 
CORDIS (6)
               
US
       
       240
      236
1.7%
1.7%
             -
Intl
       
       457
      448
2.0%
(5.8%)
7.8%
WW
       
       697
      684
1.9%
(3.2%)
5.1%
         
 
 
     
DEPUY
                 
US
       
       828
      744
11.3%
11.3%
             -
Intl
       
       645
      546
18.1%
8.3%
9.8%
WW
       
    1,473
   1,290
14.2%
10.1%
4.1%
                   
DIABETES CARE
               
US
       
       313
      275
13.8%
13.8%
             -
Intl
       
       342
      304
12.5%
2.9%
9.6%
WW
       
       655
      579
13.1%
8.0%
5.1%
         
 
 
     
ETHICON
               
US
       
       458
      363
26.2%
26.2%
             -
Intl
       
       651
      555
17.3%
7.5%
9.8%
WW
       
    1,109
      918
20.8%
14.8%
6.0%
         
 
 
     
ETHICON ENDO-SURGERY
           
US
       
       532
      515
3.3%
3.3%
             -
Intl
       
       724
      602
20.3%
10.5%
9.8%
WW
       
    1,256
   1,117
12.4%
7.0%
5.4%
         
 
 
     
ORTHO-CLINICAL DIAGNOSTICS
           
US
       
       258
      248
4.0%
4.0%
             -
Intl
       
       243
      204
19.1%
10.6%
8.5%
WW
       
       501
      452
10.8%
6.9%
3.9%
         
 
 
     
VISION CARE
               
US
       
       188
      201
(6.5%)
(6.5%)
             -
Intl
       
       430
      401
7.2%
(0.7%)
7.9%
WW
       
       618
      602
2.7%
(2.6%)
5.3%
         
 
 
     
TOTAL MEDICAL DEVICES AND DIAGNOSTICS
         
US
       
    2,817
   2,582
9.1%
9.1%
             -
Intl
       
    3,492
   3,060
14.1%
4.9%
9.2%
WW
       
    6,309
   5,642
11.8%
6.8%
5.0%
 
Note: See footnotes at end of schedule
 
 
 

 

            REPORTED SALES vs. PRIOR PERIOD
            $MM
                   
         
TWELVE MONTHS
             
% Change
         
2009
2008
Reported
Operational (1)
Currency
                   
MEDICAL DEVICES AND DIAGNOSTICS  (2) (3)
           
 
CORDIS (6)
               
US
       
971
1,165
(16.7%)
(16.7%)
             -
Intl
       
1,708
1,823
(6.3%)
(4.4%)
(1.9%)
WW
       
2,679
2,988
(10.3%)
(9.1%)
(1.2%)
                   
DEPUY
                 
US
       
3,096
2,873
7.8%
7.8%
             -
Intl
       
2,276
2,263
0.6%
7.2%
(6.6%)
WW
       
5,372
5,136
4.6%
7.5%
(2.9%)
                   
DIABETES CARE
               
US
       
1,221
1,265
(3.5%)
(3.5%)
             -
Intl
       
1,219
1,270
(4.0%)
0.8%
(4.8%)
WW
       
2,440
2,535
(3.7%)
(1.3%)
(2.4%)
                   
ETHICON
               
US
       
1,754
1,450
21.0%
21.0%
             -
Intl
       
2,368
2,390
(0.9%)
4.5%
(5.4%)
WW
       
4,122
3,840
7.3%
10.7%
(3.4%)
                   
ETHICON ENDO-SURGERY
           
US
       
1,974
1,901
3.8%
3.8%
             -
Intl
       
2,518
2,385
5.6%
10.6%
(5.0%)
WW
       
4,492
4,286
4.8%
7.6%
(2.8%)
                   
ORTHO-CLINICAL DIAGNOSTICS
           
US
       
1,104
997
10.7%
10.7%
             -
Intl
       
859
844
1.8%
6.3%
(4.5%)
WW
       
1,963
1,841
6.6%
8.6%
(2.0%)
                   
VISION CARE
               
US
       
891
890
0.1%
0.1%
             -
Intl
       
1,615
1,610
0.3%
                      -
0.3%
WW
       
2,506
2,500
0.2%
0.1%
0.1%
                   
TOTAL MEDICAL DEVICES AND DIAGNOSTICS
         
US
       
11,011
10,541
4.5%
4.5%
             -
Intl
       
12,563
12,585
(0.2%)
4.0%
(4.2%)
WW
       
23,574
23,126
1.9%
4.2%
(2.3%)
 
(1) Operational growth excludes the effect of currency.
(2) Select areas (unaudited).
(3) Prior year amounts have been reclassified to conform with current presentation.
(4) Reported in U.S. sales.
(5) Included in Other.
(6) Includes sales of Drug-Eluting Stents for Q4 2009 of $56, $167 and $223MM Domestic, International and Worldwide, respectively.
      Includes sales of Drug-Eluting Stents for Q4 2008 of $70, $202 and $272MM Domestic, International and Worldwide, respectively.
      Includes sales of Drug-Eluting Stents for December YTD 2009 of $245, $674 and $919MM Domestic, International and Worldwide,
        respectively.
      Includes sales of Drug-Eluting Stents for December YTD 2008 of $503, $852 and $1,355MM Domestic, International and Worldwide,
        respectively.

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