Johnson and Johnson 2013 Annual Report Download - page 28

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The Company records accruals for such contingencies when it is probable that a liability will be incurred and the amount
of the loss can be reasonably estimated. The Company has accrued for certain litigation matters and continues to monitor
each related legal issue and adjust accruals for new information and further developments in accordance with Accounting
Standards Codification (ASC) 450-20-25. For these and other litigation and regulatory matters currently disclosed for
which a loss is probable or reasonably possible, the Company is unable to determine an estimate of the possible loss or
range of loss beyond the amounts already accrued. These matters can be affected by various factors, including whether
damages sought in the proceedings are unsubstantiated or indeterminate; scientific and legal discovery has not
commenced or is not complete; proceedings are in early stages; matters present legal uncertainties; there are significant
facts in dispute; or there are numerous parties involved.
In the Company’s opinion, based on its examination of these matters, its experience to date and discussions with counsel,
the ultimate outcome of legal proceedings, net of liabilities accrued in the Company’s balance sheet, is not expected to
have a material adverse effect on the Company’s financial position. However, the resolution in any reporting period of one
or more of these matters, either alone or in the aggregate, may have a material adverse effect on the Company’s results of
operations and cash flows for that period.
See Note 21 to the Consolidated Financial Statements for further information regarding legal proceedings.
Common Stock Market Prices
The Company’s Common Stock is listed on the New York Stock Exchange under the symbol JNJ. As of February 18,
2014, there were 165,304 record holders of Common Stock of the Company. The composite market price ranges for
Johnson & Johnson Common Stock during 2013 and 2012 were:
2013 2012
High Low High Low
First quarter $81.59 69.18 66.32 64.02
Second quarter 89.99 80.31 67.70 61.71
Third quarter 94.42 85.50 69.75 66.85
Fourth quarter 95.99 85.50 72.74 67.80
Year-end close $92.35 69.48
18 •Johnson & Johnson 2013 Annual Report