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11. Savings Plan
The Company has voluntary 401(k) savings plans designed to enhance the existing retirement programs covering eligible
employees. The Company matches a percentage of each employee’s contributions consistent with the provisions of the
plan for which he/she is eligible. Total Company matching contributions to the plans were $172 million, $164 million and
$160 million in 2014, 2013 and 2012, respectively.
12. Capital and Treasury Stock
Changes in treasury stock were:
Treasury Stock
(Amounts in Millions Except Treasury Stock Shares in Thousands) Shares Amount
Balance at January 1, 2012 395,480 $21,659
Employee compensation and stock option plans (55,170) (3,250)
Issuance of common stock associated with the acquisition of Synthes, Inc. (203,740) (12,852)
Repurchase of common stock(1) 204,784 12,919
Balance at December 30, 2012 341,354 18,476
Employee compensation and stock option plans (48,555) (3,367)
Repurchase of common stock 6,416 591
Balance at December 29, 2013 299,215 15,700
Employee compensation and stock option plans (32,302) (2,933)
Repurchase of common stock 69,707 7,124
Balance at December 28, 2014 336,620 $19,891
(1) Includes repurchase of common stock associated with the acquisition of Synthes, Inc.
Aggregate shares of common stock issued were approximately 3,119,843,000 shares at the end of 2014, 2013 and
2012.
Cash dividends paid were $2.76 per share in 2014, compared with dividends of $2.59 per share in 2013, and $2.40 per
share in 2012.
On July 21, 2014, the Company announced that its Board of Directors approved a share repurchase program, authorizing
the Company to purchase up to $5.0 billion of the Company’s shares of common stock. As of December 28, 2014, $3.5
billion has been repurchased under the program. Share repurchases will take place on the open market from time to time
based on market conditions. The repurchase program has no time limit and may be suspended for periods or discontinued
at any time. Any shares acquired will be available for general corporate purposes. The Company intends to finance the
share repurchase program through available cash.
13. Accumulated Other Comprehensive Income
Components of other comprehensive income (loss) consist of the following:
(Dollars in Millions)
Foreign
Currency
Translation
Gain/
(Loss)
On
Securities
Employee
Benefit
Plans
Gain/
(Loss)
On
Derivatives
& Hedges
Total
Accumulated
Other
Comprehensive
Income (Loss)
January 1, 2012 $(1,526) 448 (4,386) (168) (5,632)
Net 2012 changes 1,230 (253) (1,331) 176 (178)
December 30, 2012 (296) 195 (5,717) 8 (5,810)
Net 2013 changes 94 (89) 2,708 237 2,950
December 29, 2013 (202) 106 (3,009) 245 (2,860)
Net 2014 changes (4,601) 151 (3,308) (104) (7,862)
December 28, 2014 $(4,803) 257 (6,317) 141 (10,722)
44 •Johnson & Johnson 2014 Annual Report