Johnson and Johnson 2012 Annual Report Download - page 21

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Contractual Obligations and Commitments
The Company’s contractual obligations are primarily for leases, debt and unfunded retirement plans. There are no other
significant obligations. To satisfy these obligations, the Company will use cash from operations. The following table
summarizes the Company’s contractual obligations and their aggregate maturities as of December 30, 2012 (see Notes 7,
10 and 16 to the Consolidated Financial Statements for further details):
(Dollars in Millions)
Long-Term
Debt
Obligations
Interest on
Debt
Obligations
Unfunded
Retirement
Plans
Operating
Leases Total
2013 $1,512 497 68 251 2,328
2014 1,789 483 66 192 2,530
2015 – 477 71 149 697
2016 898 471 76 115 1,560
2017 1,000 436 80 90 1,606
After 2017 7,802 4,232 502 128 12,664
Total $13,001 6,596 863 925 21,385
For tax matters, see Note 8 to the Consolidated Financial Statements.
Share Repurchase and Dividends
On July 9, 2007, the Company announced that its Board of Directors approved a stock repurchase program authorizing
the Company to buy back up to $10.0 billion of the Company’s Common Stock. As of January 2, 2011, the Company
repurchased an aggregate of 158.3 million shares of Johnson & Johnson Common Stock at a cost of $10.0 billion and the
stock repurchase program was completed. The Company funded the share repurchase program through a combination of
available cash and debt.
Pursuant to the accelerated stock repurchase agreements in connection with the acquisition of Synthes, Inc., the
Company has not made any purchases of Common Stock on the open market during the fiscal third and fourth quarters of
2012.
The Company increased its dividend in 2012 for the 50th consecutive year. Cash dividends paid were $2.40 per share in
2012 compared with dividends of $2.25 per share in 2011, and $2.11 per share in 2010. The dividends were distributed
as follows:
2012 2011 2010
First quarter $0.57 0.54 0.49
Second quarter 0.61 0.57 0.54
Third quarter 0.61 0.57 0.54
Fourth quarter 0.61 0.57 0.54
Total $2.40 2.25 2.11
On January 2, 2013, the Board of Directors declared a regular quarterly cash dividend of $0.61 per share, payable on
March 12, 2013, to shareholders of record as of February 26, 2013. The Company expects to continue the practice of
paying regular cash dividends.
Johnson & Johnson 2012 Annual Report •13