Johnson and Johnson 2015 Annual Report Download - page 43

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Johnson & Johnson and Subsidiaries
Consolidated Balance Sheets
At January 3, 2016 and December 28, 2014
(Dollars in Millions Except Share and Per Share Amounts) (Note 1)
2015 2014
Assets
Current assets
Cash and cash equivalents (Notes 1 and 2) $13,732 14,523
Marketable securities (Notes 1 and 2) 24,644 18,566
Accounts receivable trade, less allowances for doubtful accounts $268 (2014, $275) 10,734 10,985
Inventories (Notes 1 and 3) 8,053 8,184
Prepaid expenses and other receivables 3,047 3,486
Total current assets 60,210 55,744
Property, plant and equipment, net (Notes 1 and 4) 15,905 16,126
Intangible assets, net (Notes 1 and 5) 25,764 27,222
Goodwill (Notes 1 and 5) 21,629 21,832
Deferred taxes on income (Note 1 and 8) 5,490 6,202
Other assets 4,413 3,232
Total assets $133,411 130,358
Liabilities and Shareholders’ Equity
Current liabilities
Loans and notes payable (Note 7) $7,004 3,638
Accounts payable 6,668 7,633
Accrued liabilities 5,411 6,553
Accrued rebates, returns and promotions 5,440 4,010
Accrued compensation and employee related obligations 2,474 2,751
Accrued taxes on income (Note 8) 750 446
Total current liabilities 27,747 25,031
Long-term debt (Note 7) 12,857 15,122
Deferred taxes on income (Note 1 & 8) 2,562 2,447
Employee related obligations (Notes 9 and 10) 8,854 9,972
Other liabilities 10,241 8,034
Total liabilities 62,261 60,606
Shareholders’ equity
Preferred stock – without par value (authorized and unissued 2,000,000 shares) – –
Common stock – par value $1.00 per share (Note 12) (authorized 4,320,000,000 shares; issued
3,119,843,000 shares) 3,120 3,120
Accumulated other comprehensive income (Note 13) (13,165) (10,722)
Retained earnings 103,879 97,245
93,834 89,643
Less: common stock held in treasury, at cost (Note 12) (364,681,000 shares and 336,620,000 shares) 22,684 19,891
Total shareholders’ equity 71,150 69,752
Total liabilities and shareholders’ equity $133,411 130,358
See Notes to Consolidated Financial Statements
Johnson & Johnson 2015 Annual Report •31