XML 66 R8.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 28, 2014
Dec. 29, 2013
Dec. 30, 2012
CASH FLOW FROM OPERATING ACTIVITIES      
Net Earnings $ 16,323us-gaap_ProfitLoss $ 13,831us-gaap_ProfitLoss $ 10,514us-gaap_ProfitLoss
Adjustments to reconcile net earnings to cash flows from operating activities:      
Depreciation and amortization of property and intangibles 3,895us-gaap_DepreciationDepletionAndAmortization 4,104us-gaap_DepreciationDepletionAndAmortization 3,666us-gaap_DepreciationDepletionAndAmortization
Stock based compensation 792us-gaap_ShareBasedCompensation 728us-gaap_ShareBasedCompensation 662us-gaap_ShareBasedCompensation
Noncontrolling interest 0us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 0us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 339us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Venezuela adjustments 87jnj_VenezuelaCurrencyDevaluation 108jnj_VenezuelaCurrencyDevaluation 0jnj_VenezuelaCurrencyDevaluation
Asset write-downs 410us-gaap_AssetImpairmentCharges 739us-gaap_AssetImpairmentCharges 2,131us-gaap_AssetImpairmentCharges
Net gain on sale of assets/businesses (2,383)us-gaap_GainLossOnSalesOfAssetsAndAssetImpairmentCharges (113)us-gaap_GainLossOnSalesOfAssetsAndAssetImpairmentCharges (908)us-gaap_GainLossOnSalesOfAssetsAndAssetImpairmentCharges
Net gain on equity investment transactions 0us-gaap_GainLossOnSaleOfEquityInvestments (417)us-gaap_GainLossOnSaleOfEquityInvestments 0us-gaap_GainLossOnSaleOfEquityInvestments
Deferred tax provision 441us-gaap_DeferredIncomeTaxExpenseBenefit (607)us-gaap_DeferredIncomeTaxExpenseBenefit (39)us-gaap_DeferredIncomeTaxExpenseBenefit
Accounts receivable allowances (28)us-gaap_ProvisionForDoubtfulAccounts (131)us-gaap_ProvisionForDoubtfulAccounts 92us-gaap_ProvisionForDoubtfulAccounts
Changes in assets and liabilities, net of effects from acquisitions:      
Increase in accounts receivable (247)us-gaap_IncreaseDecreaseInAccountsReceivable (632)us-gaap_IncreaseDecreaseInAccountsReceivable (9)us-gaap_IncreaseDecreaseInAccountsReceivable
Increase in inventories (1,120)us-gaap_IncreaseDecreaseInInventories (622)us-gaap_IncreaseDecreaseInInventories (1)us-gaap_IncreaseDecreaseInInventories
Increase in accounts payable and accrued liabilities 955us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 1,821us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 2,768us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Decrease/(Increase) in other current and non-current assets 442us-gaap_IncreaseDecreaseInOtherOperatingAssets (1,693)us-gaap_IncreaseDecreaseInOtherOperatingAssets (1,264)us-gaap_IncreaseDecreaseInOtherOperatingAssets
(Decrease)/Increase in other current and non-current liabilities (1,096)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities 298us-gaap_IncreaseDecreaseInOtherOperatingLiabilities (2,555)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Net cash flows from operating activities 18,471us-gaap_NetCashProvidedByUsedInOperatingActivities 17,414us-gaap_NetCashProvidedByUsedInOperatingActivities 15,396us-gaap_NetCashProvidedByUsedInOperatingActivities
CASH FLOWS FROM INVESTING ACTIVITIES      
Additions to property, plant and equipment (3,714)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (3,595)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (2,934)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from the disposal of assets/businesses, net 4,631us-gaap_ProceedsFromSaleOfProductiveAssets 458us-gaap_ProceedsFromSaleOfProductiveAssets 1,509us-gaap_ProceedsFromSaleOfProductiveAssets
Acquisitions, net of cash acquired (Note 20) (2,129)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (835)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (4,486)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Purchases of investments (34,913)us-gaap_PaymentsToAcquireInvestments (18,923)us-gaap_PaymentsToAcquireInvestments (13,434)us-gaap_PaymentsToAcquireInvestments
Sales of investments 24,119us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments 18,058us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments 14,797us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments
Other (primarily intangibles) (299)us-gaap_PaymentsForProceedsFromOtherInvestingActivities (266)us-gaap_PaymentsForProceedsFromOtherInvestingActivities 38us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net cash used by investing activities (12,305)us-gaap_NetCashProvidedByUsedInInvestingActivities (5,103)us-gaap_NetCashProvidedByUsedInInvestingActivities (4,510)us-gaap_NetCashProvidedByUsedInInvestingActivities
CASH FLOWS FROM FINANCING ACTIVITIES      
Dividends to shareholders (7,768)us-gaap_PaymentsOfOrdinaryDividends (7,286)us-gaap_PaymentsOfOrdinaryDividends (6,614)us-gaap_PaymentsOfOrdinaryDividends
Repurchase of common stock (7,124)us-gaap_PaymentsForRepurchaseOfCommonStock (3,538)us-gaap_PaymentsForRepurchaseOfCommonStock (12,919)us-gaap_PaymentsForRepurchaseOfCommonStock
Proceeds from short-term debt 1,863us-gaap_ProceedsFromShortTermDebt 1,411us-gaap_ProceedsFromShortTermDebt 3,268us-gaap_ProceedsFromShortTermDebt
Retirement of short-term debt (1,267)us-gaap_RepaymentsOfShortTermDebt (1,397)us-gaap_RepaymentsOfShortTermDebt (6,175)us-gaap_RepaymentsOfShortTermDebt
Proceeds from long-term debt 2,098us-gaap_ProceedsFromIssuanceOfLongTermDebt 3,607us-gaap_ProceedsFromIssuanceOfLongTermDebt 45us-gaap_ProceedsFromIssuanceOfLongTermDebt
Retirement of long-term debt (1,844)us-gaap_RepaymentsOfLongTermDebt (1,593)us-gaap_RepaymentsOfLongTermDebt (804)us-gaap_RepaymentsOfLongTermDebt
Proceeds from the exercise of stock options/excess tax benefits 1,782jnj_ProceedsFromExerciseOfStockOptionsAndExcessTaxBenefits 2,649jnj_ProceedsFromExerciseOfStockOptionsAndExcessTaxBenefits 2,720jnj_ProceedsFromExerciseOfStockOptionsAndExcessTaxBenefits
Other 0us-gaap_ProceedsFromPaymentsForOtherFinancingActivities 56us-gaap_ProceedsFromPaymentsForOtherFinancingActivities (83)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Net cash used by financing activities (12,260)us-gaap_NetCashProvidedByUsedInFinancingActivities (6,091)us-gaap_NetCashProvidedByUsedInFinancingActivities (20,562)us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of exchange rate changes on cash and cash equivalents (310)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (204)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 45us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
(Decrease)/Increase in cash and cash equivalents (6,404)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 6,016us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (9,631)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of year (Note 1) 20,927us-gaap_CashAndCashEquivalentsAtCarryingValue 14,911us-gaap_CashAndCashEquivalentsAtCarryingValue 24,542us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of year (Note 1) 14,523us-gaap_CashAndCashEquivalentsAtCarryingValue 20,927us-gaap_CashAndCashEquivalentsAtCarryingValue 14,911us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental Cash Flow Data      
Interest 603us-gaap_InterestPaid 596us-gaap_InterestPaid 616us-gaap_InterestPaid
Interest, net of amount capitalized 488us-gaap_InterestPaidNet 491us-gaap_InterestPaidNet 501us-gaap_InterestPaidNet
Income taxes 3,536us-gaap_IncomeTaxesPaid 3,155us-gaap_IncomeTaxesPaid 2,507us-gaap_IncomeTaxesPaid
Supplemental schedule of non-cash investing and financing activities      
Treasury Stock Issued For Employee Compensation And Stock Option Plans Net Of Cash Proceeds 1,170jnj_TreasuryStockIssuedForEmployeeCompensationAndStockOptionPlansNetOfCashProceeds 743jnj_TreasuryStockIssuedForEmployeeCompensationAndStockOptionPlansNetOfCashProceeds 615jnj_TreasuryStockIssuedForEmployeeCompensationAndStockOptionPlansNetOfCashProceeds
Conversion of debt 17us-gaap_DebtConversionConvertedInstrumentAmount1 22us-gaap_DebtConversionConvertedInstrumentAmount1 0us-gaap_DebtConversionConvertedInstrumentAmount1
Acquisitions      
Fair value of assets acquired 2,167us-gaap_NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1 1,028us-gaap_NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1 19,025us-gaap_NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
Fair value of liabilities assumed and non-controlling interests (38)us-gaap_NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1 (193)us-gaap_NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1 (1,204)us-gaap_NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
Net fair value of acquisitions 2,129us-gaap_NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1 835us-gaap_NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1 17,821us-gaap_NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
Net cash paid for aquisitions 2,129us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired 835us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired 4,486us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Synthes, Inc [Member]      
Supplemental schedule of non-cash investing and financing activities      
Issuance of common stock associated with the acquisition of Synthes, Inc. 0us-gaap_StockIssuedDuringPeriodValueAcquisitions
/ us-gaap_StatementBusinessSegmentsAxis
= jnj_SynthesIncMember
0us-gaap_StockIssuedDuringPeriodValueAcquisitions
/ us-gaap_StatementBusinessSegmentsAxis
= jnj_SynthesIncMember
13,335us-gaap_StockIssuedDuringPeriodValueAcquisitions
/ us-gaap_StatementBusinessSegmentsAxis
= jnj_SynthesIncMember
Acquisitions      
Issuance of common stock associated with the acquisition of Synthes, Inc. $ 0us-gaap_StockIssuedDuringPeriodValueAcquisitions
/ us-gaap_StatementBusinessSegmentsAxis
= jnj_SynthesIncMember
$ 0us-gaap_StockIssuedDuringPeriodValueAcquisitions
/ us-gaap_StatementBusinessSegmentsAxis
= jnj_SynthesIncMember
$ 13,335us-gaap_StockIssuedDuringPeriodValueAcquisitions
/ us-gaap_StatementBusinessSegmentsAxis
= jnj_SynthesIncMember