JOHNSON & JOHNSON
For the period ended Dec 29, 2024. Filed Feb 13, 2025.
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FY2024 · Filed Feb 13, 2025
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Consolidated statements of comprehensive income
Johnson & Johnson and subsidiaries consolidated statements of comprehensive income
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Net earnings | $14,066 | 35,153 | 17,941 |
| Other comprehensive income (loss), net of tax | |||
| Foreign currency translation | 1,708 | (3,221) | (1,796) |
| Securities: | |||
| Unrealized holding gain (loss) arising during period | 2 | 26 | (24) |
| Reclassifications to earnings | — | — | — |
| Net change | 2 | 26 | (24) |
| Employee benefit plans: | |||
| Prior service credit (cost), net of amortization | (154) | (149) | (160) |
| Gain (loss), net of amortization | 541 | (1,183) | 1,854 |
| Consumer settlement/ curtailment | — | 23 | — |
| Effect of exchange rates | 62 | (90) | 111 |
| Net change | 449 | (1,399) | 1,805 |
| Derivatives & hedges: | |||
| Unrealized gain (loss) arising during period | (511) | 422 | 454 |
| Reclassifications to earnings | (862) | (569) | (348) |
| Net change | (1,373) | (147) | 106 |
| Other comprehensive income (loss) | 786 | (4,741) | 91 |
| Comprehensive income | $14,852 | 30,412 | 18,032 |
The tax cost/(benefit) effects in other comprehensive income for the fiscal years 2024, 2023 and 2022 respectively: Foreign Currency Translation; $(1.1) billion, $797 million and $(460) million; Employee Benefit Plans: $86 million, $(289) million and $461 million, Derivatives & Hedges: $(365) million, $(39) million and $30 million.
Amounts presented for 2023 and 2022 have not been recast to exclude discontinued operations
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