JOHNSON & JOHNSON
For the period ended Dec 31, 2023. Filed Feb 16, 2024.
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FY2023 · Filed Feb 16, 2024
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Consolidated statements of comprehensive income
Johnson & Johnson and subsidiaries consolidated statements of comprehensive income
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| Net earnings | $35,153 | 17,941 | 20,878 |
| Other comprehensive income (loss), net of tax | |||
| Foreign currency translation | (3,221) | (1,796) | (1,079) |
| Securities: | |||
| Unrealized holding gain (loss) arising during period | 26 | (24) | (4) |
| Reclassifications to earnings | — | — | — |
| Net change | 26 | (24) | (4) |
| Employee benefit plans: | |||
| Prior service credit (cost), net of amortization | (149) | (160) | (169) |
| Gain (loss), net of amortization | (1,183) | 1,854 | 4,318 |
| Consumer settlement/ curtailment | 23 | — | — |
| Effect of exchange rates | (90) | 111 | 106 |
| Net change | (1,399) | 1,805 | 4,255 |
| Derivatives & hedges: | |||
| Unrealized gain (loss) arising during period | 422 | 454 | (199) |
| Reclassifications to earnings | (569) | (348) | (789) |
| Net change | (147) | 106 | (988) |
| Other comprehensive income (loss) | (4,741) | 91 | 2,184 |
| Comprehensive income | $30,412 | 18,032 | 23,062 |
The tax effects in other comprehensive income for the fiscal years 2023, 2022 and 2021 respectively: Foreign Currency Translation; $797 million, $460 million and $346 million; Employee Benefit Plans: $289 million, $461 million and $1,198 million, Derivatives & Hedges: $39 million, $30 million and $263 million.
Amounts presented have not been recast to exclude discontinued operations
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