Johnson and Johnson 2012 Annual Report Download - page 27

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Cautionary Factors That May Affect Future Results
This Annual Report contains forward-looking statements. Forward-looking statements do not relate strictly to historical or
current facts and anticipate results based on management’s plans that are subject to uncertainty. Forward-looking
statements may be identified by the use of words such as “plans,” “expects,” “will,” “anticipates,” “estimates” and other
words of similar meaning in conjunction with, among other things, discussions of future operations, financial performance,
the Company’s strategy for growth, product development, regulatory approval, market position and expenditures.
Forward-looking statements are based on current expectations of future events. The Company cannot guarantee that any
forward-looking statement will be accurate, although the Company believes that it has been reasonable in its expectations
and assumptions. Investors should realize that if underlying assumptions prove inaccurate or that unknown risks or
uncertainties materialize, actual results could vary materially from the Company’s expectations and projections. Investors
are therefore cautioned not to place undue reliance on any forward-looking statements. The Company does not undertake
to update any forward-looking statements as a result of new information or future events or developments.
Risks and uncertainties include, but are not limited to, general industry conditions and competition; economic factors, such
as interest rate and currency exchange rate fluctuations; technological advances, new products and patents attained by
competitors; challenges inherent in new product development, including obtaining regulatory approvals; challenges to
patents; significant litigation or government action adverse to the Company; impact of business combinations; financial
distress and bankruptcies experienced by significant customers and suppliers; changes to governmental laws and
regulations and U.S. and foreign health care reforms; trends toward health care cost containment; increased scrutiny of
the health care industry by government agencies; changes in behavior and spending patterns of purchasers of health care
products and services; financial instability of international economies and sovereign risk; disruptions due to natural
disasters; manufacturing difficulties or delays; complex global supply chains with increasing regulatory requirements; and
product efficacy or safety concerns resulting in product recalls or regulatory action.
The Company’s report on Form 10-K for the year ended December 30, 2012 includes, in Exhibit 99, a discussion of
additional factors that could cause actual results to differ from expectations. The Company notes these factors as
permitted by the Private Securities Litigation Reform Act of 1995.
Johnson & Johnson 2012 Annual Report •19