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Consolidated Statements of Earnings (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 29, 2013
Dec. 30, 2012
Jan. 01, 2012
Sales to customers $ 71,312 $ 67,224 $ 65,030
Cost of products sold 22,342 21,658 20,360
Gross profit 48,970 45,566 44,670
Selling, marketing and administrative expenses 21,830 20,869 20,969
Research and development expense 8,183 7,665 7,548
In-process research and development 580 1,163 0
Interest income (74) (64) (91)
Interest expense, net of portion capitalized (Note 4) 482 532 571
Other (income) expense, net 2,498 1,626 2,743
Restructuring (Note 22) 0 0 569
Earnings before provision for taxes on income 15,471 [1] 13,775 [2] 12,361 [3]
Provision for taxes on income (Note 8) 1,640 3,261 2,689
Net earnings 13,831 10,514 9,672
Add: Net loss attributable to noncontrolling interest 0 339 0
Net earnings attributable to Johnson & Johnson $ 13,831 $ 10,853 $ 9,672
Net earnings per share attributable to Johnson & Johnson (Notes 1 and 15)      
Basic $ 4.92 $ 3.94 $ 3.54
Diluted $ 4.81 $ 3.86 $ 3.49
Cash dividends per share $ 2.59 $ 2.40 $ 2.25
Average shares outstanding (Notes 1 and 15)      
Basic 2,809.2 2,753.3 2,736.0
Diluted 2,877.0 2,812.6 2,775.3
[1] Includes $2,276 million of net litigation expense comprised of $1,975 million and $301 million in the Medical Devices and Diagnostics and Pharmaceutical segments, respectively. Includes $683 million of Synthes integration/transaction costs in the Medical Devices and Diagnostics segment. Includes $580 million of in-process research and development expense, comprised of $514 million and $66 million in the Pharmaceutical and Medical Devices and Diagnostics segments, respectively. The Medical Devices and Diagnostics segment also includes $251 million expense for the cost associated with the DePuy ASRTM Hip program. Includes $98 million of income related to other adjustments comprised of $55 million and $43 million in the Consumer and Pharmaceutical segments, respectively.
[2] Includes $1,218 million of net litigation expense comprised of $658 million and $560 million in the Pharmaceutical and Medical Devices and Diagnostics segments, respectively. Includes $1,163 million of in-process research and development expense, comprised of $1,111 million and $52 million in the Pharmaceutical and Medical Devices and Diagnostics segments, respectively. Includes $795 million of Synthes integration/transaction costs in the Medical Devices and Diagnostics segment. Includes $909 million of asset write-downs and other adjustments, comprised of $499 million, $264 million and $146 million in the Pharmaceutical, Consumer and Medical Devices and Diagnostics segments, respectively. The Medical Devices and Diagnostics segment also includes $110 million expense for the cost associated with the DePuy ASR™ Hip program.
[3] Includes $3,310 million of net litigation expense comprised of $1,741 million and $1,569 million in the Pharmaceutical and Medical Devices and Diagnostics segments, respectively. Includes $656 million of net restructuring expense, comprised of $676 million expense in the Medical Devices and Diagnostics segment and a gain of $20 million in the Pharmaceutical segment. The Medical Devices and Diagnostics segment also includes $521 million expense for the cost associated with the DePuy ASR™ Hip program.