Johnson and Johnson 2014 Annual Report Download - page 29

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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 known or 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: economic factors, such as interest rate and currency exchange rate
fluctuations; competition, including technological advances, new products and patents attained by competitors;
challenges inherent in new product development, including obtaining regulatory approvals; challenges to patents; the
impact of patent expirations; uncertainty of commercial success of new and existing products; significant adverse litigation
or government action, including related to product liability claims; impact of business combinations and divestitures;
significant changes in customer relationships or changes in behavior and spending patterns or financial distress of
purchasers of health care products and services; changes to laws and regulations and global health care reforms; trends
toward health care cost containment; increased scrutiny of the health care industry by government agencies; financial
instability of international economies and sovereign risk; manufacturing difficulties or delays; complex global supply chains
with increasing regulatory requirements; product efficacy or safety concerns resulting in product recalls or regulatory
action; disruptions due to natural disasters; and the potential failure to meet obligations in compliance agreements with
government bodies.
A discussion of these and other factors that could cause actual results to differ materially from expectations can be found
in this Annual Report on Form 10-K for the fiscal year ended December 28, 2014, including in Exhibit 99. The Company
notes these factors as permitted by the Private Securities Litigation Reform Act of 1995.
Johnson & Johnson 2014 Annual Report •19