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11. Savings Plan
The Company has voluntary 401(k) savings plans designed to enhance the existing retirement programs covering eligible
employees. The Company matches a percentage of each employee’s contributions consistent with the provisions of the
plan for which he/she is eligible. Total Company matching contributions to the plans were $187 million, $172 million and
$164 million in 2015, 2014 and 2013, respectively.
12. Capital and Treasury Stock
Changes in treasury stock were:
Treasury Stock
(Amounts in Millions Except Treasury Stock Shares in Thousands) Shares Amount
Balance at December 30, 2012 341,354 $18,476
Employee compensation and stock option plans (48,555) (3,367)
Repurchase of common stock 6,416 591
Balance at December 29, 2013 299,215 15,700
Employee compensation and stock option plans (32,302) (2,933)
Repurchase of common stock 69,707 7,124
Balance at December 28, 2014 336,620 19,891
Employee compensation and stock option plans (24,413) (2,497)
Repurchase of common stock 52,474 5,290
Balance at January 3, 2016 364,681 $22,684
Aggregate shares of common stock issued were approximately 3,119,843,000 shares at the end of 2015, 2014 and
2013.
Cash dividends paid were $2.95 per share in 2015, compared with dividends of $2.76 per share in 2014, and $2.59 per
share in 2013.
On October 13, 2015, the Company announced that its Board of Directors approved a share repurchase program,
authorizing the Company to purchase up to $10.0 billion of the Company’s shares of common stock. The repurchase
program has no time limit and may be suspended for periods or discontinued at any time. Any shares acquired will be
available for general corporate purposes. The Company intends to finance the share repurchase program through available
cash and access to the capital markets. As of January 3, 2016, $1.0 billion has been repurchased under the program.
On July 21, 2014, the Company announced that its Board of Directors approved a share repurchase program, authorizing
the Company to purchase up to $5.0 billion of the Company’s shares of common stock. This share repurchase program
was completed on April 28, 2015.
13. Accumulated Other Comprehensive Income
Components of other comprehensive income (loss) consist of the following:
(Dollars in Millions)
Foreign
Currency
Translation
Gain/
(Loss)
On
Securities
Employee
Benefit
Plans
Gain/
(Loss)
On
Derivatives
& Hedges
Total
Accumulated
Other
Comprehensive
Income (Loss)
December 30, 2012 $(296) 195 (5,717) 8 (5,810)
Net 2013 changes 94 (89) 2,708 237 2,950
December 29, 2013 (202) 106 (3,009) 245 (2,860)
Net 2014 changes (4,601) 151 (3,308) (104) (7,862)
December 28, 2014 (4,803) 257 (6,317) 141 (10,722)
Net 2015 changes (3,632) 347 1,019 (177) (2,443)
January 3, 2016 $(8,435) 604 (5,298) (36) (13,165)
56 •Johnson & Johnson 2015 Annual Report