Form 8-K JOHNSON & JOHNSON For: Apr 19
Exhibit 99.1
JOHNSON & JOHNSON REPORTS 2022 FIRST-QUARTER RESULTS:
•Total sales growth of 5.0% to $23.4 Billion with operational growth of 7.7%* and adjusted operational growth of 7.9%*
•Earnings per share of $1.93 decreasing 16.8% and adjusted earnings per share of $2.67 increasing 3.1%*
•Company maintaining 2022 full-year guidance for adjusted operational earnings per share and base business operational sales
•Given global supply surplus and demand uncertainty, the Company is suspending COVID-19 Vaccine sales guidance, with no impact to adjusted operational earnings per share guidance
New Brunswick, N.J. (April 19, 2022) – Johnson & Johnson (NYSE: JNJ) today announced results for first-quarter 2022. “Our first quarter results demonstrate strong performance across the enterprise, despite macro-economic headwinds. I am incredibly proud of Johnson & Johnson’s 144,000 employees for their relentless passion and Credo-based commitment to delivering transformative healthcare solutions to patients and customers around the world,” said Joaquin Duato, Chief Executive Officer. “Looking ahead, I remain confident in the future of Johnson & Johnson as we continue advancing our portfolio and innovative pipeline.”
OVERALL FINANCIAL RESULTS:
1 Non-GAAP financial measure; refer to reconciliations of non-GAAP financial measures included in accompanying schedules
2 Excludes the impact of translational currency
3 Excludes the net impact of acquisitions and divestitures and translational currency
4 Excludes intangible amortization expense and special items
Note: values may have been rounded
REGIONAL SALES RESULTS:
1 Non-GAAP financial measure; refer to reconciliations of non-GAAP financial measures included in accompanying schedules
2 Excludes the impact of translational currency
3 Excludes the net impact of acquisitions and divestitures and translational currency
Note: values may have been rounded
SEGMENT SALES RESULTS:
1 Non-GAAP financial measure; refer to reconciliations of non-GAAP financial measures included in accompanying schedules
2 Excludes the impact of translational currency
3 Excludes the net impact of acquisitions and divestitures and translational currency
4 Certain international OTC products, primarily in China, were reclassified from the Pharmaceutical segment to the Consumer Health segment based on
operational changes in their respective regions
Note: The MedTech segment was previously referred to as the Medical Devices segment
Values may have been rounded
FIRST QUARTER 2022 SEGMENT COMMENTARY:
Consumer Health
Consumer Health worldwide adjusted operational sales, which exclude the net impact of acquisitions and divestitures and translational currency, increased 1.6%* primarily driven by over-the-counter (OTC) products. Major contributors to growth in OTC were upper respiratory products, TYLENOL and MOTRIN analgesics, and IMODIUM in digestive health products. Growth was partially offset by external supply constraints mainly impacting Skin Health / Beauty.
Pharmaceutical
Pharmaceutical worldwide adjusted operational sales, which exclude the net impact of acquisitions and divestitures and translational currency, grew 9.3%* driven by DARZALEX (daratumumab), a biologic for the treatment of multiple myeloma, STELARA (ustekinumab), a biologic for the treatment of a number of immune-mediated inflammatory diseases, TREMFYA (guselkumab), a biologic for the treatment of adults living with moderate to severe plaque psoriasis, and for adults with active psoriatic arthritis, ERLEADA (apalutamide), a next-generation androgen receptor inhibitor for the treatment of patients with prostate cancer, and INVEGA SUSTENNA/XEPLION and INVEGA TRINZA/TREVICTA (paliperidone palmitate), long-acting, injectable atypical antipsychotics for the treatment of schizophrenia in adults. Also contributing to growth were sales of the Janssen COVID-19 Vaccine (Ad26.COV2.S) for the prevention of the SARS-CoV-2 virus. This growth was partially offset by declines in sales of REMICADE (infliximab), a biologic approved for the treatment of a number of immune-mediated inflammatory diseases, XARELTO (rivaroxaban), a direct oral anticoagulant, and ZYTIGA (abiratone acetate), an oral, once-daily medication for use in combination with prednisone for the treatment of metastatic castration-resistant prostate cancer.
MedTech
MedTech worldwide adjusted operational sales, which exclude the net impact of acquisitions and divestitures and translational currency, grew 8.6%*, driven by electrophysiology products in Interventional Solutions, contact lenses and surgical vision products in Vision, wound closure products in General Surgery, biosurgery in Advanced Surgery, and hips, trauma, and knees in Orthopaedics.
NOTABLE NEW ANNOUNCEMENTS IN THE QUARTER:
The information contained in this section should be read in conjunction with Johnson & Johnson’s other disclosures filed with the Securities and Exchange Commission, including its Current Reports on Form 8-K, Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K. Copies of these filings are available online at www.sec.gov, www.jnj.com or on request from Johnson & Johnson. The reader is also encouraged to review all other news releases available online in the Investors section of the Company’s website at news releases, as well as
www.factsabouttalc.com, www.factsaboutourprescriptionopioids.com, and www.LTLManagementInformation.com.
| Regulatory Decisions | U.S. FDA Approves CARVYKTI (ciltacabtagene autoleucel), Janssen’s First Cell Therapy, a BCMA-Directed CAR-T Immunotherapy for the Treatment of Patients with Relapsed or Refractory Multiple Myeloma | (press release) | ||||||
U.S. FDA Approves CABENUVA (rilpivirine and cabotegravir) for Use Every Two Months, Expanding the Label of the First and Only Long-Acting HIV Treatment | (press release) | |||||||
U.S. FDA Approves CABENUVA (cabotegravir and rilpivirine) for Adolescents, Expanding the Indication of the First and Only Complete Long-Acting Injectable HIV Regimen1 | (press release) | |||||||
| U.S. FDA Approves Streamlined Process for Initiating HIV Therapy with CABENUVA (cabotegravir and rilpivirine), the First and Only Complete Long-Acting Injectable HIV Treatment | (press release) | |||||||
| Regulatory Submissions | Janssen Submits Marketing Authorisation Application to the European Medicines Agency Seeking Approval of Bispecific Antibody Teclistamab for the Treatment of Patients with Relapsed or Refractory Multiple Myeloma | (press release) | ||||||
Janssen Seeks Approval of a New Indication for IMBRUVICA (ibrutinib) for Use in Patients with Untreated Mantle Cell Lymphoma | (press release) | |||||||
| Other | Janssen Presents New Data Demonstrating the Combination of Niraparib and Abiraterone Acetate Plus Prednisone Significantly Improved Radiographic Progression-Free Survival as a First-Line Therapy in Patients with HRR Gene-Mutated Metastatic Castration-Resistant Prostate Cancer | (press release) | ||||||
| Johnson & Johnson Statement on Nationwide Opioid Settlement Agreement | (press release) | |||||||
| DePuy Synthes Further Reimagines Knee Restoration with the Addition of Two New Innovations to the ATTUNE Knee Portfolio | (press release) | |||||||
| Janssen Initiates First-of-its-Kind Clinical Study to Bridge Critical Gaps in Care for People of Color with Moderate to Severe Plaque Psoriasis | (press release) | |||||||
Johnson & Johnson Statement on War in Ukraine | (press release) | |||||||
. 1 Subsequent to the quarter
FULL-YEAR 2022 GUIDANCE:
Johnson & Johnson does not provide GAAP financial measures on a forward-looking basis because the company is unable to predict with reasonable certainty the ultimate outcome of legal proceedings, unusual gains and losses, acquisition-related expenses and purchase accounting fair value adjustments without unreasonable effort. These items are uncertain, depend on various factors, and could be material to Johnson & Johnson's results computed in accordance with GAAP.
Please note that the Company has suspended guidance on its COVID-19 Vaccine sales. The table below excludes COVID-19 Vaccine sales from Adjusted Operational Sales, Operational Sales, and Estimated Reported Sales.
| ($ in Billions, except EPS) | April 2022 | January 2022 | ||||||
Adjusted Operational Sales1,2,5 Change vs. Prior Year | 6.5% – 7.5% | 6.5% – 7.5% | ||||||
Operational Sales2,5 Change vs. Prior Year | $97.3B – $98.3B 6.5% – 7.5% | $97.3B – $98.3B 6.5% – 7.5% | ||||||
Estimated Reported Sales3,5 Change vs. Prior Year | $94.8B – $95.8B 3.8% – 4.8% | $95.9B - $96.9B 5.0% – 6.0% | ||||||
Adjusted Operational EPS (Diluted)2,4 Change vs. Prior Year | $10.60 - $10.80 8.2% – 10.2% | $10.60 - $10.80 8.2% – 10.2% | ||||||
Adjusted EPS (Diluted)3,4 Change vs. Prior Year | $10.15 - $10.35 3.6% – 5.6% | $10.40 - $10.60 6.1% – 8.2% | ||||||
1 Non-GAAP financial measure; excludes the net impact of acquisitions and divestitures
2 Non-GAAP financial measure; excludes the impact of translational currency
3 Calculated using Euro Average Rate: January 2022 = $1.14 and April = $1.09 (Illustrative purposes only)
4 Non-GAAP financial measure; excludes intangible amortization expense and special items
5 Excludes COVID-19 Vaccine
Note: percentages may have been rounded
Other modeling considerations will be provided on the webcast.
WEBCAST INFORMATION:
Johnson & Johnson will conduct a conference call with investors to discuss this earnings release today at 8:30 a.m., Eastern Time. A simultaneous webcast of the call for investors and other interested parties may be accessed by visiting the Johnson & Johnson website. A replay and podcast will be available approximately two hours after the live webcast in the Investors section of the Company's website at events-and-presentations.
ABOUT JOHNSON & JOHNSON:
At Johnson & Johnson, we believe good health is the foundation of vibrant lives, thriving communities and forward progress. That’s why for more than 130 years, we have aimed to keep people well at every age and every stage of life. Today, as the world’s largest and most broadly-based health care company, we are committed to using our reach and size for good. We strive to improve access and affordability, create healthier communities, and put a healthy mind, body and environment within reach of everyone, everywhere. We are blending our heart, science and ingenuity to profoundly change the trajectory of health for humanity.
NON-GAAP FINANCIAL MEASURES:
* “Operational sales growth” excluding the impact of translational currency, “adjusted operational sales growth” excluding the net impact of acquisitions and divestitures and translational currency, as well as “adjusted net earnings”, “adjusted diluted earnings per share” and “adjusted operational diluted earnings per share” excluding after-tax intangible amortization expense and special items, are non-GAAP financial measures and should not be considered replacements for, and should be read together with, the most comparable GAAP financial measures. Except for guidance measures, reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures can be found in the accompanying financial schedules of the earnings release and the Investors section of the company's website at quarterly-results.
Copies of the financial schedules accompanying this earnings release are available on the Company’s website at quarterly-results. These schedules include supplementary sales data, a condensed consolidated statement of earnings, reconciliations of non-GAAP financial measures, and sales of key products/franchises. Additional information on Johnson & Johnson, including adjusted income before tax by segment, a pharmaceutical pipeline of selected compounds in late stage development and a copy of today’s earnings call presentation can also be found in the Investors section of the company's website at quarterly-results.
NOTE TO INVESTORS CONCERNING FORWARD-LOOKING STATEMENTS:
This press release contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 regarding, among other things: future operating and financial performance, product development, market position and business strategy, and the anticipated separation of the Company’s Consumer Health business. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of Johnson & Johnson. Risks and uncertainties include, but are not limited to: economic factors, such as interest rate and currency exchange rate fluctuations; competition, including technological advances, new products and patents attained by competitors; challenges inherent in new product research and development, including uncertainty of clinical success and obtaining regulatory approvals; uncertainty of commercial success for new and existing products; challenges to patents; the impact of patent expirations; the ability of the company to successfully execute strategic plans; the impact of business combinations and divestitures; manufacturing difficulties or delays, internally or within the supply chain; product efficacy or safety concerns resulting in product recalls or regulatory action; significant adverse litigation or government action, including related to product liability claims; changes to applicable laws and regulations, including tax laws and global health care reforms; trends toward health care cost containment; changes in behavior and spending patterns of purchasers of health care products and services; financial instability of international economies and legal systems and sovereign risk; increased scrutiny of the health care industry by government agencies; the Company’s ability to satisfy the necessary conditions to consummate the separation of the Company’s Consumer Health business on a timely basis or at all; the Company’s ability to successfully separate the Company’s Consumer Health business and realize the anticipated benefits from the separation; the New Consumer Health Company’s ability to succeed as a standalone publicly traded company; and risks related to the impact of the COVID-19 global pandemic, such as the scope and duration of the outbreak, government actions and restrictive measures implemented in response, material delays and cancellations of medical procedures, supply chain disruptions and other impacts to the business, or on the company’s ability to execute business continuity plans, as a result of the COVID-19 pandemic. A further list and descriptions of these risks, uncertainties and other factors can be found in Johnson & Johnson’s Annual Report on Form 10-K for the fiscal year ended January 2, 2022, including in the sections captioned “Cautionary Note Regarding Forward-Looking Statements” and “Item 1A. Risk Factors,” and in Johnson & Johnson’s subsequent Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission. Copies of these filings are available online at www.sec.gov, www.jnj.com or on request from Johnson & Johnson. Any forward-looking statement made in this release speaks only as of the date of this release. Johnson & Johnson does not undertake to update any forward-looking statement as a result of new information or future events or developments.
| Press Contacts: | Investor Contacts: | ||||||||||
| Lindsay Hymson | Jessica Moore | Lisa Romanko | |||||||||
| (516) 524-1757 | (732) 524-2955 | (732) 524-2034 | |||||||||
Exhibit 99.2
| Johnson & Johnson and Subsidiaries | |||||||||||||||||||||||||||||
| Supplementary Sales Data | |||||||||||||||||||||||||||||
| (Unaudited; Dollars in Millions) | FIRST QUARTER | ||||||||||||||||||||||||||||
| Percent Change | |||||||||||||||||||||||||||||
| 2022 | 2021 | Total | Operations | Currency | |||||||||||||||||||||||||
| Sales to customers by | |||||||||||||||||||||||||||||
| geographic area | |||||||||||||||||||||||||||||
| U.S. | $ | 11,414 | 11,111 | 2.7 | % | 2.7 | — | ||||||||||||||||||||||
| Europe | 6,024 | 5,414 | 11.3 | 19.5 | (8.2) | ||||||||||||||||||||||||
| Western Hemisphere excluding U.S. | 1,482 | 1,424 | 4.1 | 5.1 | (1.0) | ||||||||||||||||||||||||
| Asia-Pacific, Africa | 4,506 | 4,372 | 3.1 | 6.6 | (3.5) | ||||||||||||||||||||||||
| International | 12,012 | 11,210 | 7.2 | 12.6 | (5.4) | ||||||||||||||||||||||||
| Worldwide | $ | 23,426 | 22,321 | 5.0 | % | 7.7 | (2.7) | ||||||||||||||||||||||
| Note: Percentages have been calculated using actual, non-rounded figures and, therefore, may not recalculate precisely. | |||||||||||||||||||||||||||||
| Johnson & Johnson and Subsidiaries | ||||||||||||||||||||||||||||||||
| Supplementary Sales Data | ||||||||||||||||||||||||||||||||
| (Unaudited; Dollars in Millions) | FIRST QUARTER | |||||||||||||||||||||||||||||||
| Percent Change | ||||||||||||||||||||||||||||||||
| 2022 | 2021 | Total | Operations | Currency | ||||||||||||||||||||||||||||
| Sales to customers by | ||||||||||||||||||||||||||||||||
| segment of business | ||||||||||||||||||||||||||||||||
Consumer Health (1) | ||||||||||||||||||||||||||||||||
| U.S. | $ | 1,557 | 1,611 | (3.4) | % | (3.4) | — | |||||||||||||||||||||||||
| International | 2,029 | 2,030 | 0.0 | 4.1 | (4.1) | |||||||||||||||||||||||||||
| 3,586 | 3,641 | (1.5) | 0.8 | (2.3) | ||||||||||||||||||||||||||||
Pharmaceutical (1) | ||||||||||||||||||||||||||||||||
| U.S. | 6,632 | 6,446 | 2.9 | 2.9 | — | |||||||||||||||||||||||||||
| International | 6,237 | 5,655 | 10.3 | 16.7 | (6.4) | |||||||||||||||||||||||||||
| 12,869 | 12,101 | 6.3 | 9.3 | (3.0) | ||||||||||||||||||||||||||||
MedTech (2) | ||||||||||||||||||||||||||||||||
| U.S. | 3,225 | 3,054 | 5.6 | 5.6 | — | |||||||||||||||||||||||||||
| International | 3,746 | 3,525 | 6.3 | 11.1 | (4.8) | |||||||||||||||||||||||||||
| 6,971 | 6,579 | 5.9 | 8.5 | (2.6) | ||||||||||||||||||||||||||||
| U.S. | 11,414 | 11,111 | 2.7 | 2.7 | — | |||||||||||||||||||||||||||
| International | 12,012 | 11,210 | 7.2 | 12.6 | (5.4) | |||||||||||||||||||||||||||
| Worldwide | $ | 23,426 | 22,321 | 5.0 | % | 7.7 | (2.7) | |||||||||||||||||||||||||
| Note: Percentages have been calculated using actual, non-rounded figures and, therefore, may not recalculate precisely. | ||||||||||||||||||||||||||||||||
(1) Certain international OTC products, primarily in China, were reclassified from the Pharmaceutical segment to the Consumer Health segment based on operational changes in their respective regions. | ||||||||||||||||||||||||||||||||
(2) Previously referred to as Medical Devices. | ||||||||||||||||||||||||||||||||
| Johnson & Johnson and Subsidiaries | |||||||||||||||||||||||||||||
| Condensed Consolidated Statement of Earnings | |||||||||||||||||||||||||||||
| (Unaudited; in Millions Except Per Share Figures) | FIRST QUARTER | ||||||||||||||||||||||||||||
| 2022 | 2021 | Percent | |||||||||||||||||||||||||||
| Percent | Percent | Increase | |||||||||||||||||||||||||||
| Amount | to Sales | Amount | to Sales | (Decrease) | |||||||||||||||||||||||||
| Sales to customers | $ | 23,426 | 100.0 | $ | 22,321 | 100.0 | 5.0 | ||||||||||||||||||||||
| Cost of products sold | 7,598 | 32.4 | 7,063 | 31.7 | 7.6 | ||||||||||||||||||||||||
| Gross Profit | 15,828 | 67.6 | 15,258 | 68.3 | 3.7 | ||||||||||||||||||||||||
| Selling, marketing and administrative expenses | 5,938 | 25.4 | 5,432 | 24.3 | 9.3 | ||||||||||||||||||||||||
| Research and development expense | 3,462 | 14.8 | 3,178 | 14.2 | 8.9 | ||||||||||||||||||||||||
| In-process research and development | 610 | 2.6 | — | — | |||||||||||||||||||||||||
| Interest (income) expense, net | (12) | (0.1) | 48 | 0.2 | |||||||||||||||||||||||||
| Other (income) expense, net | (102) | (0.4) | (882) | (3.9) | |||||||||||||||||||||||||
| Restructuring | 70 | 0.3 | 53 | 0.2 | |||||||||||||||||||||||||
| Earnings before provision for taxes on income | 5,862 | 25.0 | 7,429 | 33.3 | (21.1) | ||||||||||||||||||||||||
| Provision for taxes on income | 713 | 3.0 | 1,232 | 5.5 | (42.1) | ||||||||||||||||||||||||
| Net earnings | $ | 5,149 | 22.0 | $ | 6,197 | 27.8 | (16.9) | ||||||||||||||||||||||
| Net earnings per share (Diluted) | $ | 1.93 | $ | 2.32 | (16.8) | ||||||||||||||||||||||||
| Average shares outstanding (Diluted) | 2,666.5 | 2,672.7 | |||||||||||||||||||||||||||
| Effective tax rate | 12.2 | % | 16.6 | % | |||||||||||||||||||||||||
Adjusted earnings before provision for taxes and net earnings (1) (A) | |||||||||||||||||||||||||||||
| Earnings before provision for taxes on income | $ | 8,218 | 35.1 | $ | 8,291 | 37.1 | (0.9) | ||||||||||||||||||||||
| Net earnings | $ | 7,129 | 30.4 | $ | 6,924 | 31.0 | 3.0 | ||||||||||||||||||||||
| Net earnings per share (Diluted) | $ | 2.67 | $ | 2.59 | 3.1 | ||||||||||||||||||||||||
| Effective tax rate | 13.3 | % | 16.5 | % | |||||||||||||||||||||||||
(1) See Reconciliation of Non-GAAP Financial Measures. | |||||||||||||||||||||||||||||
(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, these measures may assist investors in evaluating the Company's results of operations period over period. In various periods, these measures may exclude such items as intangible asset amortization expense, significant gains from divestitures, significant costs associated with acquisitions, restructuring, 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. 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 intangible asset amortization expense, significant gains from divestitures, the effects of an acquisition, restructuring, litigation, and changes in applicable laws and regulations (including significant accounting or tax matters) 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 | ||||||||||||||
| Reconciliation of Non-GAAP Financial Measures | ||||||||||||||
First Quarter | ||||||||||||||
| (Dollars in Millions Except Per Share Data) | 2022 | 2021 | ||||||||||||
| Net Earnings, after tax- as reported | $5,149 | $6,197 | ||||||||||||
| Pre-tax Adjustments | ||||||||||||||
| Intangible Asset Amortization expense | 1,108 | 1,215 | ||||||||||||
| IPR&D | 610 | - | ||||||||||||
| Restructuring related | 72 | 104 | ||||||||||||
| Acquisition, integration and divestiture related ¹ | - | (538) | ||||||||||||
| (Gains)/losses on securities | 411 | 35 | ||||||||||||
Medical Device Regulation 2 | 60 | 46 | ||||||||||||
| Consumer Health separation costs | 102 | - | ||||||||||||
| Other | (7) | - | ||||||||||||
| Tax Adjustments | ||||||||||||||
Tax impact on special item adjustments 3 | (393) | (113) | ||||||||||||
| Consumer Health separation tax related costs | 96 | - | ||||||||||||
| Tax legislation and other tax related | (79) | (22) | ||||||||||||
| Adjusted Net Earnings, after tax | $7,129 | $6,924 | ||||||||||||
| Average shares outstanding (Diluted) | 2,666.5 | 2,672.7 | ||||||||||||
| Adjusted net earnings per share (Diluted) | $2.67 | $2.59 | ||||||||||||
| Operational adjusted net earnings per share (Diluted) | $2.75 | |||||||||||||
| Notes: | ||||||||||||||
1 | Acquisition, integration and divestiture related for the first quarter of 2021 primarily includes the gain on the divestiture of 2 Pharmaceutical brands outside of the U.S. | |||||||||||||
2 | European Medical Device Regulation (MDR) costs represent one-time compliance costs for the Company’s previously registered products. MDR is a replacement of the existing European Medical Devices Directive regulatory framework, and manufacturers of currently marketed medical devices were required to comply with EU MDR beginning in May 2021. The Company considers the adoption of EU MDR to be a significant one-time regulatory change and is not indicative of on-going operations. The Company has excluded only external third-party regulatory and consulting costs from its MedTech operating segments' measures of profit and loss used for making operating decisions and assessing performance which is expected to be completed by the end of 2023. | |||||||||||||
3 | The tax impact related to special item adjustments reflects the current and deferred income taxes associated with the above pre-tax special items in arriving at adjusted earnings. | |||||||||||||
| Johnson & Johnson and Subsidiaries | ||||||||||||||||||||||||||
| Reconciliation of Non-GAAP Financial Measure | ||||||||||||||||||||||||||
Adjusted Operational Sales Growth (A) | ||||||||||||||||||||||||||
FIRST QUARTER 2022 ACTUAL vs. 2021 ACTUAL | ||||||||||||||||||||||||||
| Segments | ||||||||||||||||||||||||||
| Consumer Health | Pharmaceutical | MedTech | Total | |||||||||||||||||||||||
| WW As Reported | (1.5) | % | 6.3 | % | 5.9 | % | 5.0 | % | ||||||||||||||||||
| U.S. | (3.4) | % | 2.9 | % | 5.6 | % | 2.7 | % | ||||||||||||||||||
| International | 0.0 | % | 10.3 | % | 6.3 | % | 7.2 | % | ||||||||||||||||||
| WW Currency | (2.3) | (3.0) | (2.6) | (2.7) | ||||||||||||||||||||||
| U.S. | — | — | — | — | ||||||||||||||||||||||
| International | (4.1) | (6.4) | (4.8) | (5.4) | ||||||||||||||||||||||
| WW Operational | 0.8 | % | 9.3 | % | 8.5 | % | 7.7 | % | ||||||||||||||||||
| U.S. | (3.4) | % | 2.9 | % | 5.6 | % | 2.7 | % | ||||||||||||||||||
| International | 4.1 | % | 16.7 | % | 11.1 | % | 12.6 | % | ||||||||||||||||||
| Skin Health / Beauty | ||||||||||||||||||||||||||
| Dr. Ci Labo - Sedona | 0.6 | 0.1 | ||||||||||||||||||||||||
| U.S. | 0.0 | 0.0 | ||||||||||||||||||||||||
| International | 1.1 | 0.2 | ||||||||||||||||||||||||
| All Other Acquisitions and Divestitures | 0.2 | 0.0 | 0.1 | 0.1 | ||||||||||||||||||||||
| U.S. | 0.2 | 0.0 | 0.1 | 0.1 | ||||||||||||||||||||||
| International | 0.1 | 0.0 | 0.1 | 0.1 | ||||||||||||||||||||||
| WW Adjusted Operational | 1.6 | % | 9.3 | % | 8.6 | % | 7.9 | % | ||||||||||||||||||
| U.S. | (3.2) | % | 2.9 | % | 5.7 | % | 2.8 | % | ||||||||||||||||||
| International | 5.3 | % | 16.7 | % | 11.2 | % | 12.9 | % | ||||||||||||||||||
Note: Percentages are based on actual, non-rounded figures and may not sum | ||||||||||||||||||||||||||
(A) NON-GAAP FINANCIAL MEASURE “Adjusted operational sales growth" excludes acquisitions, divestitures and translational currency and is a non-GAAP financial measure. 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. Due to the variable nature of acquisitions and divestitures, and the impact they may have on the analysis of underlying business performance and trends, management believes that providing this measure enhances an investor’s understanding of the Company’s performance and may assist in the evaluation of ongoing business operations period over period. This non-GAAP financial measure is presented to permit investors to more fully understand how management assesses the performance of the Company, including for internal evaluation of the performance of the Company's businesses and planning and forecasting for future periods. The use of this non-GAAP financial measure as a performance measure is limited in that it provides a view of the Company's results of operations without including all events during a period and may not provide a comparable view of the Company's performance to that of other companies in the health care industry. | ||||||||||||||||||||||||||
| Johnson & Johnson | |||||||||||||||||||||||||||||
| Segment Sales | |||||||||||||||||||||||||||||
| (Dollars in Millions) | |||||||||||||||||||||||||||||
| FIRST QUARTER | |||||||||||||||||||||||||||||
| % Change | |||||||||||||||||||||||||||||
| 2022 | 2021 | Reported | Operational (1) | Currency | |||||||||||||||||||||||||
CONSUMER HEALTH SEGMENT (2) (3) | |||||||||||||||||||||||||||||
OTC (5) | |||||||||||||||||||||||||||||
| US | $ | 670 | 599 | 11.8 | % | 11.8 | % | — | % | ||||||||||||||||||||
| Intl | 791 | 673 | 17.5 | 21.7 | (4.2) | ||||||||||||||||||||||||
| WW | 1,461 | 1,273 | 14.8 | 17.1 | (2.3) | ||||||||||||||||||||||||
| SKIN HEALTH / BEAUTY | |||||||||||||||||||||||||||||
| US | 544 | 634 | (14.2) | (14.2) | — | ||||||||||||||||||||||||
| Intl | 468 | 529 | (11.6) | (7.1) | (4.5) | ||||||||||||||||||||||||
| WW | 1,012 | 1,163 | (13.0) | (11.0) | (2.0) | ||||||||||||||||||||||||
| ORAL CARE | |||||||||||||||||||||||||||||
| US | 143 | 163 | (12.6) | (12.6) | — | ||||||||||||||||||||||||
| Intl | 223 | 254 | (12.0) | (8.6) | (3.4) | ||||||||||||||||||||||||
| WW | 366 | 417 | (12.2) | (10.2) | (2.0) | ||||||||||||||||||||||||
| BABY CARE | |||||||||||||||||||||||||||||
| US | 85 | 96 | (11.5) | (11.5) | — | ||||||||||||||||||||||||
| Intl | 270 | 293 | (7.7) | (4.8) | (2.9) | ||||||||||||||||||||||||
| WW | 355 | 389 | (8.6) | (6.4) | (2.2) | ||||||||||||||||||||||||
| WOMEN'S HEALTH | |||||||||||||||||||||||||||||
| US | 3 | 3 | 7.2 | 7.2 | — | ||||||||||||||||||||||||
| Intl | 224 | 219 | 2.5 | 8.3 | (5.8) | ||||||||||||||||||||||||
| WW | 228 | 222 | 2.6 | 8.3 | (5.7) | ||||||||||||||||||||||||
| WOUND CARE / OTHER | |||||||||||||||||||||||||||||
| US | 112 | 115 | (3.3) | (3.3) | — | ||||||||||||||||||||||||
| Intl | 52 | 61 | (15.3) | (14.5) | (0.8) | ||||||||||||||||||||||||
| WW | 164 | 177 | (7.4) | (7.2) | (0.2) | ||||||||||||||||||||||||
| TOTAL CONSUMER HEALTH | |||||||||||||||||||||||||||||
| US | 1,557 | 1,611 | (3.4) | (3.4) | — | ||||||||||||||||||||||||
| Intl | 2,029 | 2,030 | 0.0 | 4.1 | (4.1) | ||||||||||||||||||||||||
| WW | $ | 3,586 | 3,641 | (1.5) | % | 0.8 | % | (2.3) | % | ||||||||||||||||||||
| See footnotes at end of schedule | |||||||||||||||||||||||||||||
| Johnson & Johnson | |||||||||||||||||||||||||||||
| Segment Sales | |||||||||||||||||||||||||||||
| (Dollars in Millions) | |||||||||||||||||||||||||||||
| FIRST QUARTER | |||||||||||||||||||||||||||||
| % Change | |||||||||||||||||||||||||||||
| 2022 | 2021 | Reported | Operational (1) | Currency | |||||||||||||||||||||||||
PHARMACEUTICAL SEGMENT (2) (3) | |||||||||||||||||||||||||||||
| IMMUNOLOGY | |||||||||||||||||||||||||||||
| US | $ | 2,501 | 2,413 | 3.7 | % | 3.7 | % | — | % | ||||||||||||||||||||
| Intl | 1,617 | 1,501 | 7.7 | 13.7 | (6.0) | ||||||||||||||||||||||||
| WW | 4,119 | 3,914 | 5.2 | 7.5 | (2.3) | ||||||||||||||||||||||||
REMICADE | |||||||||||||||||||||||||||||
| US | 358 | 489 | (26.8) | (26.8) | — | ||||||||||||||||||||||||
US Exports (4) | 80 | 57 | 40.5 | 40.5 | — | ||||||||||||||||||||||||
| Intl | 225 | 232 | (2.6) | (1.0) | (1.6) | ||||||||||||||||||||||||
| WW | 663 | 777 | (14.7) | (14.2) | (0.5) | ||||||||||||||||||||||||
SIMPONI / SIMPONI ARIA | |||||||||||||||||||||||||||||
| US | 287 | 255 | 12.5 | 12.5 | — | ||||||||||||||||||||||||
| Intl | 283 | 307 | (7.6) | (1.9) | (5.7) | ||||||||||||||||||||||||
| WW | 571 | 562 | 1.5 | 4.7 | (3.2) | ||||||||||||||||||||||||
STELARA | |||||||||||||||||||||||||||||
| US | 1,379 | 1,331 | 3.6 | 3.6 | — | ||||||||||||||||||||||||
| Intl | 909 | 817 | 11.2 | 17.8 | (6.6) | ||||||||||||||||||||||||
| WW | 2,288 | 2,148 | 6.5 | 9.0 | (2.5) | ||||||||||||||||||||||||
TREMFYA | |||||||||||||||||||||||||||||
| US | 391 | 274 | 42.7 | 42.7 | — | ||||||||||||||||||||||||
| Intl | 199 | 143 | 38.8 | 47.9 | (9.1) | ||||||||||||||||||||||||
| WW | 590 | 418 | 41.3 | 44.5 | (3.2) | ||||||||||||||||||||||||
OTHER IMMUNOLOGY | |||||||||||||||||||||||||||||
| US | 6 | 7 | (3.2) | (3.2) | — | ||||||||||||||||||||||||
| Intl | 0 | 2 | * | * | * | ||||||||||||||||||||||||
| WW | 6 | 8 | (22.0) | (22.0) | 0.0 | ||||||||||||||||||||||||
INFECTIOUS DISEASES (5) | |||||||||||||||||||||||||||||
| US | 461 | 512 | (10.0) | (10.0) | — | ||||||||||||||||||||||||
| Intl | 836 | 485 | 72.3 | 78.6 | (6.3) | ||||||||||||||||||||||||
| WW | 1,297 | 998 | 30.0 | 33.1 | (3.1) | ||||||||||||||||||||||||
COVID-19 VACCINE | |||||||||||||||||||||||||||||
| US | 75 | 100 | (24.9) | (24.9) | — | ||||||||||||||||||||||||
| Intl | 382 | 0 | * | * | * | ||||||||||||||||||||||||
| WW | 457 | 100 | * | * | * | ||||||||||||||||||||||||
EDURANT / rilpivirine | |||||||||||||||||||||||||||||
| US | 9 | 10 | (12.6) | (12.6) | — | ||||||||||||||||||||||||
| Intl | 239 | 233 | 2.5 | 10.5 | (8.0) | ||||||||||||||||||||||||
| WW | 248 | 243 | 1.8 | 9.6 | (7.8) | ||||||||||||||||||||||||
PREZISTA / PREZCOBIX / REZOLSTA / SYMTUZA | |||||||||||||||||||||||||||||
| US | 369 | 380 | (3.1) | (3.1) | — | ||||||||||||||||||||||||
| Intl | 132 | 166 | (20.3) | (15.9) | (4.4) | ||||||||||||||||||||||||
| WW | 501 | 546 | (8.3) | (6.9) | (1.4) | ||||||||||||||||||||||||
OTHER INFECTIOUS DISEASES | |||||||||||||||||||||||||||||
| US | 8 | 21 | (62.5) | (62.5) | — | ||||||||||||||||||||||||
| Intl | 83 | 87 | (3.8) | 1.6 | (5.4) | ||||||||||||||||||||||||
| WW | 91 | 108 | (15.3) | (11.0) | (4.3) | ||||||||||||||||||||||||
| See footnotes at end of schedule | |||||||||||||||||||||||||||||
| Johnson & Johnson | |||||||||||||||||||||||||||||
| Segment Sales | |||||||||||||||||||||||||||||
| (Dollars in Millions) | |||||||||||||||||||||||||||||
| FIRST QUARTER | |||||||||||||||||||||||||||||
| % Change | |||||||||||||||||||||||||||||
| 2021 | 2020 | Reported | Operational (1) | Currency | |||||||||||||||||||||||||
PHARMACEUTICAL SEGMENT (2) (3) (Continued) | |||||||||||||||||||||||||||||
NEUROSCIENCE (5) | |||||||||||||||||||||||||||||
| US | $ | 843 | 771 | 9.3 | % | 9.3% | —% | ||||||||||||||||||||||
| Intl | 898 | 943 | (4.8) | 1.5 | (6.3) | ||||||||||||||||||||||||
| WW | 1,741 | 1,715 | 1.5 | 5.0 | (3.5) | ||||||||||||||||||||||||
CONCERTA / methylphenidate | |||||||||||||||||||||||||||||
| US | 35 | 47 | (26.5) | (26.5) | — | ||||||||||||||||||||||||
| Intl | 122 | 123 | (1.3) | 3.5 | (4.8) | ||||||||||||||||||||||||
| WW | 157 | 171 | (8.3) | (4.8) | (3.5) | ||||||||||||||||||||||||
INVEGA SUSTENNA / XEPLION / INVEGA | |||||||||||||||||||||||||||||
TRINZA / TREVICTA | |||||||||||||||||||||||||||||
| US | 661 | 589 | 12.2 | 12.2 | — | ||||||||||||||||||||||||
| Intl | 387 | 376 | 3.0 | 9.9 | (6.9) | ||||||||||||||||||||||||
| WW | 1,048 | 965 | 8.6 | 11.3 | (2.7) | ||||||||||||||||||||||||
RISPERDAL CONSTA | |||||||||||||||||||||||||||||
| US | 63 | 67 | (6.4) | (6.4) | — | ||||||||||||||||||||||||
| Intl | 66 | 89 | (26.1) | (19.6) | (6.5) | ||||||||||||||||||||||||
| WW | 129 | 157 | (17.6) | (13.9) | (3.7) | ||||||||||||||||||||||||
OTHER NEUROSCIENCE | |||||||||||||||||||||||||||||
| US | 84 | 67 | 25.5 | 25.5 | — | ||||||||||||||||||||||||
| Intl | 323 | 355 | (8.9) | (2.8) | (6.1) | ||||||||||||||||||||||||
| WW | 408 | 422 | (3.5) | 1.7 | (5.2) | ||||||||||||||||||||||||
| ONCOLOGY | |||||||||||||||||||||||||||||
| US | 1,582 | 1,377 | 14.9 | 14.9 | — | ||||||||||||||||||||||||
| Intl | 2,369 | 2,193 | 8.0 | 15.0 | (7.0) | ||||||||||||||||||||||||
| WW | 3,950 | 3,570 | 10.6 | 14.9 | (4.3) | ||||||||||||||||||||||||
DARZALEX | |||||||||||||||||||||||||||||
| US | 953 | 691 | 37.9 | 37.9 | — | ||||||||||||||||||||||||
| Intl | 903 | 674 | 34.0 | 42.7 | (8.7) | ||||||||||||||||||||||||
| WW | 1,856 | 1,365 | 36.0 | 40.3 | (4.3) | ||||||||||||||||||||||||
ERLEADA | |||||||||||||||||||||||||||||
| US | 206 | 171 | 20.3 | 20.3 | — | ||||||||||||||||||||||||
| Intl | 194 | 90 | * | * | * | ||||||||||||||||||||||||
| WW | 400 | 261 | 53.0 | 57.5 | (4.5) | ||||||||||||||||||||||||
IMBRUVICA | |||||||||||||||||||||||||||||
| US | 370 | 444 | (16.7) | (16.7) | — | ||||||||||||||||||||||||
| Intl | 668 | 680 | (1.8) | 4.5 | (6.3) | ||||||||||||||||||||||||
| WW | 1,038 | 1,125 | (7.7) | (3.9) | (3.8) | ||||||||||||||||||||||||
ZYTIGA / abiraterone acetate | |||||||||||||||||||||||||||||
| US | 19 | 50 | (62.1) | (62.1) | — | ||||||||||||||||||||||||
| Intl | 520 | 588 | (11.6) | (5.7) | (5.9) | ||||||||||||||||||||||||
| WW | 539 | 638 | (15.6) | (10.1) | (5.5) | ||||||||||||||||||||||||
OTHER ONCOLOGY | |||||||||||||||||||||||||||||
| US | 34 | 21 | 63.1 | 63.1 | — | ||||||||||||||||||||||||
| Intl | 84 | 161 | (47.7) | (44.6) | (3.1) | ||||||||||||||||||||||||
| WW | 118 | 182 | (35.1) | (32.3) | (2.8) | ||||||||||||||||||||||||
See footnotes at end of schedule | |||||||||||||||||||||||||||||
| Johnson & Johnson | |||||||||||||||||||||||||||||
| Segment Sales | |||||||||||||||||||||||||||||
| (Dollars in Millions) | |||||||||||||||||||||||||||||
| FIRST QUARTER | |||||||||||||||||||||||||||||
| % Change | |||||||||||||||||||||||||||||
| 2022 | 2021 | Reported | Operational (1) | Currency | |||||||||||||||||||||||||
PHARMACEUTICAL SEGMENT (2) (3) (Continued) | |||||||||||||||||||||||||||||
| PULMONARY HYPERTENSION | |||||||||||||||||||||||||||||
| US | $ | 572 | 573 | (0.2) | % | (0.2) | % | — | % | ||||||||||||||||||||
| Intl | 279 | 288 | (2.9) | 4.0 | (6.9) | ||||||||||||||||||||||||
| WW | 852 | 861 | (1.1) | 1.2 | (2.3) | ||||||||||||||||||||||||
OPSUMIT | |||||||||||||||||||||||||||||
| US | 273 | 272 | 0.5 | 0.5 | — | ||||||||||||||||||||||||
| Intl | 170 | 179 | (4.8) | 2.0 | (6.8) | ||||||||||||||||||||||||
| WW | 443 | 450 | (1.6) | 1.1 | (2.7) | ||||||||||||||||||||||||
UPTRAVI | |||||||||||||||||||||||||||||
| US | 269 | 259 | 3.9 | 3.9 | — | ||||||||||||||||||||||||
| Intl | 56 | 46 | 20.9 | 28.8 | (7.9) | ||||||||||||||||||||||||
| WW | 325 | 305 | 6.5 | 7.7 | (1.2) | ||||||||||||||||||||||||
OTHER PULMONARY HYPERTENSION | |||||||||||||||||||||||||||||
| US | 30 | 42 | (29.0) | (29.0) | — | ||||||||||||||||||||||||
| Intl | 53 | 63 | (15.2) | (8.4) | (6.8) | ||||||||||||||||||||||||
| WW | 83 | 105 | (20.8) | (16.8) | (4.0) | ||||||||||||||||||||||||
CARDIOVASCULAR / METABOLISM / OTHER (5) | |||||||||||||||||||||||||||||
| US | 672 | 799 | (15.8) | (15.8) | — | ||||||||||||||||||||||||
| Intl | 238 | 245 | (3.0) | 0.9 | (3.9) | ||||||||||||||||||||||||
| WW | 910 | 1,044 | (12.8) | (11.9) | (0.9) | ||||||||||||||||||||||||
XARELTO | |||||||||||||||||||||||||||||
| US | 508 | 589 | (13.8) | (13.8) | — | ||||||||||||||||||||||||
| Intl | — | — | — | — | — | ||||||||||||||||||||||||
| WW | 508 | 589 | (13.8) | (13.8) | — | ||||||||||||||||||||||||
INVOKANA / INVOKAMET | |||||||||||||||||||||||||||||
| US | 60 | 87 | (30.7) | (30.7) | — | ||||||||||||||||||||||||
| Intl | 68 | 63 | 7.5 | 11.1 | (3.6) | ||||||||||||||||||||||||
| WW | 128 | 150 | (14.6) | (13.1) | (1.5) | ||||||||||||||||||||||||
OTHER | |||||||||||||||||||||||||||||
| US | 104 | 122 | (14.9) | (14.9) | — | ||||||||||||||||||||||||
| Intl | 170 | 182 | (6.6) | (2.6) | (4.0) | ||||||||||||||||||||||||
| WW | 274 | 305 | (10.0) | (7.5) | (2.5) | ||||||||||||||||||||||||
| TOTAL PHARMACEUTICAL | |||||||||||||||||||||||||||||
| US | 6,632 | 6,446 | 2.9 | 2.9 | — | ||||||||||||||||||||||||
| Intl | 6,237 | 5,655 | 10.3 | 16.7 | (6.4) | ||||||||||||||||||||||||
| WW | $ | 12,869 | 12,101 | 6.3 | % | 9.3 | % | (3.0) | % | ||||||||||||||||||||
See footnotes at end of schedule | |||||||||||||||||||||||||||||
| Johnson & Johnson | |||||||||||||||||||||||||||||
| Segment Sales | |||||||||||||||||||||||||||||
| (Dollars in Millions) | |||||||||||||||||||||||||||||
| FIRST QUARTER | |||||||||||||||||||||||||||||
| % Change | |||||||||||||||||||||||||||||
| 2022 | 2021 | Reported | Operational (1) | Currency | |||||||||||||||||||||||||
MEDTECH SEGMENT (2) (3) (6) | |||||||||||||||||||||||||||||
| INTERVENTIONAL SOLUTIONS | |||||||||||||||||||||||||||||
| US | $ | 494 | 434 | 13.8 | % | 13.8 | % | — | % | ||||||||||||||||||||
| Intl | 597 | 514 | 16.2 | 20.4 | (4.2) | ||||||||||||||||||||||||
| WW | 1,092 | 949 | 15.1 | 17.4 | (2.3) | ||||||||||||||||||||||||
| ORTHOPAEDICS | |||||||||||||||||||||||||||||
| US | 1,289 | 1,249 | 3.2 | 3.2 | — | ||||||||||||||||||||||||
| Intl | 899 | 864 | 4.1 | 9.1 | (5.0) | ||||||||||||||||||||||||
| WW | 2,188 | 2,113 | 3.5 | 5.6 | (2.1) | ||||||||||||||||||||||||
HIPS | |||||||||||||||||||||||||||||
| US | 225 | 209 | 7.3 | 7.3 | — | ||||||||||||||||||||||||
| Intl | 164 | 146 | 12.2 | 17.0 | (4.8) | ||||||||||||||||||||||||
| WW | 389 | 356 | 9.3 | 11.3 | (2.0) | ||||||||||||||||||||||||
KNEES | |||||||||||||||||||||||||||||
| US | 201 | 185 | 8.6 | 8.6 | — | ||||||||||||||||||||||||
| Intl | 138 | 132 | 4.1 | 9.1 | (5.0) | ||||||||||||||||||||||||
| WW | 339 | 317 | 6.7 | 8.8 | (2.1) | ||||||||||||||||||||||||
TRAUMA | |||||||||||||||||||||||||||||
| US | 475 | 450 | 5.5 | 5.5 | — | ||||||||||||||||||||||||
| Intl | 273 | 282 | (3.3) | 2.2 | (5.5) | ||||||||||||||||||||||||
| WW | 748 | 733 | 2.1 | 4.2 | (2.1) | ||||||||||||||||||||||||
SPINE, SPORTS & OTHER | |||||||||||||||||||||||||||||
| US | 387 | 404 | (4.1) | (4.1) | — | ||||||||||||||||||||||||
| Intl | 324 | 303 | 7.0 | 11.7 | (4.7) | ||||||||||||||||||||||||
| WW | 712 | 707 | 0.6 | 2.7 | (2.1) | ||||||||||||||||||||||||
| See footnotes at end of schedule | |||||||||||||||||||||||||||||
| Johnson & Johnson | |||||||||||||||||||||||||||||
| Segment Sales | |||||||||||||||||||||||||||||
| (Dollars in Millions) | |||||||||||||||||||||||||||||
| FIRST QUARTER | |||||||||||||||||||||||||||||
| % Change | |||||||||||||||||||||||||||||
| 2021 | 2020 | Reported | Operational (1) | Currency | |||||||||||||||||||||||||
MEDTECH SEGMENT (2) (3) (6) (Continued) | |||||||||||||||||||||||||||||
| SURGERY | |||||||||||||||||||||||||||||
| US | $ | 921 | 898 | 2.5 | 2.5 | — | % | ||||||||||||||||||||||
| Intl | 1,513 | 1,474 | 2.7 | 6.6 | (3.9) | ||||||||||||||||||||||||
| WW | 2,434 | 2,372 | 2.6 | 5.0 | (2.4) | ||||||||||||||||||||||||
ADVANCED | |||||||||||||||||||||||||||||
| US | 417 | 405 | 3.0 | 3.0 | — | ||||||||||||||||||||||||
| Intl | 729 | 713 | 2.2 | 5.4 | (3.2) | ||||||||||||||||||||||||
| WW | 1,146 | 1,118 | 2.5 | 4.5 | (2.0) | ||||||||||||||||||||||||
GENERAL | |||||||||||||||||||||||||||||
| US | 504 | 493 | 2.1 | 2.1 | — | ||||||||||||||||||||||||
| Intl | 784 | 761 | 3.1 | 7.7 | (4.6) | ||||||||||||||||||||||||
| WW | 1,288 | 1,254 | 2.7 | 5.5 | (2.8) | ||||||||||||||||||||||||
| VISION | |||||||||||||||||||||||||||||
| US | 521 | 472 | 10.4 | 10.4 | — | ||||||||||||||||||||||||
| Intl | 736 | 673 | 9.4 | 16.4 | (7.0) | ||||||||||||||||||||||||
| WW | 1,257 | 1,145 | 9.8 | 13.9 | (4.1) | ||||||||||||||||||||||||
CONTACT LENSES / OTHER | |||||||||||||||||||||||||||||
| US | 400 | 371 | 7.7 | 7.7 | — | ||||||||||||||||||||||||
| Intl | 511 | 486 | 5.1 | 12.9 | (7.8) | ||||||||||||||||||||||||
| WW | 910 | 857 | 6.2 | 10.6 | (4.4) | ||||||||||||||||||||||||
SURGICAL | |||||||||||||||||||||||||||||
| US | 121 | 101 | 20.2 | 20.2 | — | ||||||||||||||||||||||||
| Intl | 226 | 187 | 20.5 | 25.7 | (5.2) | ||||||||||||||||||||||||
| WW | 347 | 288 | 20.4 | 23.8 | (3.4) | ||||||||||||||||||||||||
| TOTAL MEDTECH | |||||||||||||||||||||||||||||
| US | 3,225 | 3,054 | 5.6 | 5.6 | — | ||||||||||||||||||||||||
| Intl | 3,746 | 3,525 | 6.3 | 11.1 | (4.8) | ||||||||||||||||||||||||
| WW | $ | 6,971 | 6,579 | 5.9 | % | 8.5 | % | (2.6) | % | ||||||||||||||||||||
Note: Column and rows within tables may not add due to rounding. Percentages have been calculated using actual, non- | |||||||||||||||||||||||||||||
| rounded figures and, therefore, may not recalculate precisely. | |||||||||||||||||||||||||||||
| * Percentage greater than 100% or not meaningful | |||||||||||||||||||||||||||||
(1) Operational growth excludes the effect of translational currency | |||||||||||||||||||||||||||||
(2) Unaudited | |||||||||||||||||||||||||||||
(3) Certain prior year amounts have been reclassified to conform to current year product disclosures | |||||||||||||||||||||||||||||
(4) Reported as U.S. sales | |||||||||||||||||||||||||||||
(5) Refer to supplemental sales information schedule | |||||||||||||||||||||||||||||
(6) Previously referred to as Medical Devices | |||||||||||||||||||||||||||||
| Johnson & Johnson | |||||||||||||||||||||||||||||||||||
| Supplemental Sales Information | |||||||||||||||||||||||||||||||||||
| (Dollars in Millions) | |||||||||||||||||||||||||||||||||||
| Certain prior year amounts have been reclassified to | |||||||||||||||||||||||||||||||||||
| conform to current year product disclosures | |||||||||||||||||||||||||||||||||||
| 2020 | 2021 | 2021 | |||||||||||||||||||||||||||||||||
| Full Year | Q1 | Q2 | Q3 | Q4 | Full Year | ||||||||||||||||||||||||||||||
CONSUMER HEALTH SEGMENT (1) | |||||||||||||||||||||||||||||||||||
OTC (2) | |||||||||||||||||||||||||||||||||||
| US | $ | 2,460 | 599 | 675 | 686 | 633 | 2,594 | ||||||||||||||||||||||||||||
| Intl | 2,761 | 673 | 752 | 798 | 811 | 3,034 | |||||||||||||||||||||||||||||
| WW | 5,221 | 1,273 | 1,426 | 1,484 | 1,444 | 5,627 | |||||||||||||||||||||||||||||
PHARMACEUTICAL SEGMENT (1) | |||||||||||||||||||||||||||||||||||
INFECTIOUS DISEASES (2) | |||||||||||||||||||||||||||||||||||
| OTHER INFECTIOUS DISEASES | |||||||||||||||||||||||||||||||||||
| US | 104 | 21 | 16 | 18 | 11 | 66 | |||||||||||||||||||||||||||||
| Intl | 292 | 87 | 71 | 82 | 57 | 297 | |||||||||||||||||||||||||||||
| WW | 396 | 108 | 88 | 99 | 68 | 363 | |||||||||||||||||||||||||||||
NEUROSCIENCE (2) | |||||||||||||||||||||||||||||||||||
| OTHER NEUROSCIENCE | |||||||||||||||||||||||||||||||||||
| US | 298 | 67 | 91 | 81 | 99 | 338 | |||||||||||||||||||||||||||||
| Intl | 1,312 | 355 | 373 | 298 | 342 | 1,368 | |||||||||||||||||||||||||||||
| WW | 1,610 | 422 | 464 | 379 | 441 | 1,706 | |||||||||||||||||||||||||||||
CARDIOVASCULAR / METABOLISM / OTHER (2) (3) | |||||||||||||||||||||||||||||||||||
| OTHER | |||||||||||||||||||||||||||||||||||
| US | 600 | 122 | 116 | 98 | 110 | 446 | |||||||||||||||||||||||||||||
| Intl | 794 | 182 | 178 | 173 | 140 | 673 | |||||||||||||||||||||||||||||
| WW | $ | 1,394 | 305 | 293 | 271 | 250 | 1,119 | ||||||||||||||||||||||||||||
Note: Columns and rows within tables may not add due to rounding. | |||||||||||||||||||||||||||||||||||
(1) Unaudited | |||||||||||||||||||||||||||||||||||
(2) Certain international OTC products, primarily in China, were reclassified from the Pharmaceutical segment to the Consumer Health segment based on operational changes in their respective regions | |||||||||||||||||||||||||||||||||||
(3) Other is inclusive of PROCRIT / EPREX, which was previously disclosed separately | |||||||||||||||||||||||||||||||||||