According to the balance sheet, how many outstanding shares does Johnson & Johnson have on their 2019 fiscal year end? How much shares of treasury stock did Johnson & Johnson repurchase in 2019? What was the dollar amount they paid?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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According to the balance sheet, how many outstanding shares does Johnson & Johnson have on their 2019 fiscal year end? How much shares of treasury stock did Johnson & Johnson repurchase in 2019? What was the dollar amount they paid?

JOHNSON & JOHNSON AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
At December 29, 2019 and December 30, 2018
(Dollars in Millions Except Share and Per Share Amounts) (Note 1)
2019
2018
Assets
Current assets
Cash and cash equivalents (Notes 1 and 2)
17,305
18,107
Marketable securities (Notes 1 and 2)
1,982
1,580
Accounts receivable trade, less allowances for doubtful accounts $226 (2018, S248)
14,481
14,098
Inventories (Notes 1 and 3)
Prepaid expenses and other receivables
9,020
8,599
2,392
2,699
Assets held for sale (Note 20)
94
950
Total current assets
45,274
46,033
Property, plant and cquipment, net (Notes 1 and 4)
Intangible assets, net (Notes 1 and 5)
17,658
17,035
47,643
47,611
Goodwill (Notes 1 and 5)
33,639
30,453
Deferred taxes on income (Note 8)
7,819
7,640
Other assets
5,695
4,182
Total assets
157,728
152,954
Liabilities and Shareholders' Equity
Current liabilities
Loans and notes payable (Note 7)
Accounts payable
1,202
2,796
8,544
7,537
Accrued liabilities
9,715
7,601
Accrued rebates, returns and promotions
10,883
9,380
Accrued compensation and employee related obligations
3,354
3,098
Accrued taxes on income (Note 8)
2,266
818
Total current liabilities
35,964
31,230
Long-term debt (Note 7)
26,494
27,684
Deferred taxes on income (Note 8)
5,958
7,506
Employee related obligations (Notes 9 and 10)
10,663
9,951
Long-term taxes payable (Note 8)
7,444
8,242
Other liabilities
11,734
8,589
Total liabilities
98,257
93,202
Commitments and Contingencies (Note 21)
Shareholders' equity
Preferred stock – without par value (authorized and unissued 2,000,000 shares)
Common stock – par value $1.00 per share (Note 12) (authorized 4,320,000,000 shares; issued 3,119,843,000 shares)
3,120
3,120
Accumulated other comprehensive income (loss) (Note 13)
(15,891)
(15,222)
Retained earnings
110,659
106,216
97,888
94,114
Less: common stock held in treasury, at cost (Note 12) (487,336,000 shares and 457,519,000 shares)
38,417
34,362
Total shareholders' equity
59,471
59,752
Total liabilities and shareholders' equity
157,728
152,954
Transcribed Image Text:JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS At December 29, 2019 and December 30, 2018 (Dollars in Millions Except Share and Per Share Amounts) (Note 1) 2019 2018 Assets Current assets Cash and cash equivalents (Notes 1 and 2) 17,305 18,107 Marketable securities (Notes 1 and 2) 1,982 1,580 Accounts receivable trade, less allowances for doubtful accounts $226 (2018, S248) 14,481 14,098 Inventories (Notes 1 and 3) Prepaid expenses and other receivables 9,020 8,599 2,392 2,699 Assets held for sale (Note 20) 94 950 Total current assets 45,274 46,033 Property, plant and cquipment, net (Notes 1 and 4) Intangible assets, net (Notes 1 and 5) 17,658 17,035 47,643 47,611 Goodwill (Notes 1 and 5) 33,639 30,453 Deferred taxes on income (Note 8) 7,819 7,640 Other assets 5,695 4,182 Total assets 157,728 152,954 Liabilities and Shareholders' Equity Current liabilities Loans and notes payable (Note 7) Accounts payable 1,202 2,796 8,544 7,537 Accrued liabilities 9,715 7,601 Accrued rebates, returns and promotions 10,883 9,380 Accrued compensation and employee related obligations 3,354 3,098 Accrued taxes on income (Note 8) 2,266 818 Total current liabilities 35,964 31,230 Long-term debt (Note 7) 26,494 27,684 Deferred taxes on income (Note 8) 5,958 7,506 Employee related obligations (Notes 9 and 10) 10,663 9,951 Long-term taxes payable (Note 8) 7,444 8,242 Other liabilities 11,734 8,589 Total liabilities 98,257 93,202 Commitments and Contingencies (Note 21) Shareholders' equity Preferred stock – without par value (authorized and unissued 2,000,000 shares) Common stock – par value $1.00 per share (Note 12) (authorized 4,320,000,000 shares; issued 3,119,843,000 shares) 3,120 3,120 Accumulated other comprehensive income (loss) (Note 13) (15,891) (15,222) Retained earnings 110,659 106,216 97,888 94,114 Less: common stock held in treasury, at cost (Note 12) (487,336,000 shares and 457,519,000 shares) 38,417 34,362 Total shareholders' equity 59,471 59,752 Total liabilities and shareholders' equity 157,728 152,954
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