Leading maker of health
care products for consumers and hospitals.
One Johnson & Johnson Plaza
New Brunswick, NJ 08933
CEO: Alex Gorsky
Stock Quote: JNJ
Johnson & Johnson is the world's largest and most diverse manufacturer of health care products and services for the consumer, pharmaceutical, and medical devices and diagnostics markets. Made up of over 250 operating companies, Johnson & Johnson employs approximately 127,000 men and women in 60 countries and sell products throughout the world.
Johnson and Johnson's Family of Companies comprises:
- The world’s sixth-largest consumer health company.
- The world’s most comprehensive medical device business.
- The world’s sixth-largest biologics company.
- The world’s fifth-largest pharmaceuticals company
Some of the company's products include
Tylenol, Motrin, Johnson's baby oil, Visine, Bengay, Neutrogena
skin care products and Band-Aid bandages. The company also offers
prescription drugs for a variety of ailments and diseases.
Johnson & Johnson Vision Care is the
world's No. 1 maker of contact lenses. J&J also develops,
markets and sells more medical devices than any other company
in the world.
The company employs about 13,000 workers in New Jersey.
Johnson & Johnson reported worldwide sales in 2015 of $70.1 billion, a decrease of 5.7%, and net income of $15.4 billion. Domestic sales increased 2.6% and international sales decreased 13.1%,Worldwide Consumer sales of $14.7 billion for the full-year 2013 represented an increase of 1.7% versus the prior year, consisting of an operational increase of 2.8% and a negative impact from currency of 1.1%. Domestic sales increased 2.3%; international sales increased 1.4%, which reflected an operational increase of 1.1% and a negative currency impact of 14.2%.
"Johnson & Johnson delivered strong underlying growth in 2015, driven by the performance of our Pharmaceutical business and iconic Consumer brands," said Alex Gorsky, Chairman and Chief Executive Officer. "As we enter 2016, our core business is very healthy, and the recent decisive actions we've taken in support of each of our businesses position us well to drive sustainable long-term growth, faster than the markets we compete in."
Positive contributors to Consumer operational results were sales of over-the-counter products including TYLENOL and MOTRIN analgesics, upper respiratory products including ZYRTEC allergy medications, and digestive health products; international feminine protection products; LISTERINE oral care products; and NEUTROGENA skin care products.
Worldwide operational sales growth was driven by new products and the strength of core products. New product sales growth was negatively impacted by lower sales of OLYSIO /SOVRIAD (simeprevir) due to competitive entrants. Strong growth in new products include INVOKANA /INVOKAMET (canagliflozin), for the treatment of adults with type 2 diabetes; IMBRUVICA (ibrutinib), an oral, once-daily therapy approved for use in treating certain B-cell malignancies, or blood cancers; XARELTO (rivaroxaban), an oral anticoagulant; and ZYTIGA (abiraterone acetate), an oral, once-daily medication for use in combination with prednisone for the treatment of metastatic, castration-resistant prostate cancer.
In 2015, Johnson & Johnson acquired Novira Therapeutics, Inc., a privately held clinical-stage biopharmaceutical company developing innovative therapies for curative treatment of chronic hepatitis B virus infection.
Robert Wood Johnson realized the dangers
of unclean hospitals and surgery rooms leading to patient infections
and death. Mr. Johnson joined with his two brothers, James Wood
and Edward Mead Johnson, who had formed a partnership in 1885
to develop sterile dressings for hospitals. Operations began
in New Brunswick, NJ, in 1886 with 14 employees on the fourth
floor of a small building that once was a wallpaper factory.
In 1887 the Company was incorporated as Johnson & Johnson.
With few hospitals in the United States in 1887 large enough
to use Lister's methods of antisepsis, Johnson & Johnson
entered the surgical dressings industry.
The first products were improved medicinal
plasters containing medical compounds mixed in an adhesive. Then
a revolutionary surgical dressing was quickly developed and placed
on the market. Recognizing the critical need for improved antiseptic
surgical procedures, the Company designed a soft, absorbent cotton
and gauze dressing that could be mass produced and shipped in
quantity to hospitals and every crossroads physician and druggist.
Johnson & Johnson went public in 1944
on the New York Stock Exchange.
The company's best-known prodcuts include:
JOHNSON'S Baby Powder, from Johnson &
Johnson Consumer Products Company Division of Johnson & Johnson
Consumer Companies, Inc., introduced in 1893.
BAND-AID Brand Adhesive Bandages, from
Johnson & Johnson Consumer Products Company Division of Johnson
& Johnson Consumer Companies, Inc., introduced in 1921.
TYLENOL (acetaminophen), from McNeil Consumer Healthcare Division of McNEIL-PPC, Inc.,launched as a consumer product in 1960.
The company purchased Pfizer's consumer healthcare business for $16.6 billion in cash in 2006 which brings in well-known brands Listerine, Benadryl and BenGay.
- Johnson & Johnson's "Choices" benefits program
offers a selection of medical plans, ranging from comprehensive
HMO coverage to traditional reimbursement-type plans.
Dental Coverage - Our "Choices" benefits program
also offers a comprehensive dental plan which includes coverage
for routine preventive care, oral surgery and similar procedures,
as well as orthodontic care for dependent children.
Reimbursement Accounts - We offer individual Health Care
and Dependent Care Accounts that let employees use pre-tax dollars
to pay for out-of-pocket medical and dependent care expenses,
respectively, for themselves or their dependents.
We offer both Term and Universal life insurance plans to help
with financial security in the unfortunate case of an employee's
own death, or the death of a covered dependent.
- Term Life Insurance covers employees for the length of their
employment at Johnson & Johnson.
- Universal Life Insurance is portable - employees can continue
using the coverage when they leave the company for any reason,
- Dependent Life Insurance, which is Term coverage, is available
for spouses and children up to age 23.
We pay for a basic Term Life Insurance benefit equal to the employee's
annual salary to a maximum of $250,000. Additional coverage is
available in either Term or Universal, up to five times the employee's
Disability insurance helps meet continuing financial obligations
if an employee is temporarily or permanently disabled.
- Short-Term Disability is provided free of charge for all full-time
employees who cannot work for up to 26 weeks.
- Long-Term Disability options are available, which provide coverage
that would begin after 26 weeks.
Long-Term Care Insurance provides coverage for the cost of assistance
with everyday living activities involving nursing home care and
other community-based support services. This coverage can be
continued when employees leave the company for any reason, including
Accident Insurance pays a one-time benefit in the event an employee
or covered dependent dies, loses a limb or sight, or suffers
a total and permanent disability as a result of an accident.
- Business Accident Insurance pays a benefit when the accident
occurs while on company business. Basic coverage is free, and
additional coverage may be purchased.
- 24-Hour Accident Insurance pays a benefit regardless of when
or where the accident occurs. This coverage is at the employee's
option and expense.
- Dependent Accident Insurance, which is 24 hour coverage, is
available for spouses and dependent children through age 23.
401(k) Savings Plan
In our 401(k) Savings Plan, you can save up to 35 percent of
your base pay (including 50 percent of sales commissions paid).
(Government limitations may affect the actual amount you can
contribute.) To help you build value faster, after one year of
service, Johnson & Johnson will match 75 percent of the first
6 percent of base pay contributed to the Plan. For example, if
you contribute $100, we contribute an additional $75. That's
a 75 percent return, and an additional 4.5 percent of salary
in tax-deferred income. Of the 75 percent Company Match, 50 percent
is provided in cash and 25 percent is provided in shares of Johnson
& Johnson Common Stock. Of course, employees select their
own Plan investment funds in which to invest their cash contributions,
and can choose between tax-deferred or after-tax contributions.
Johnson & Johnson's Pension Plan is an important benefit
for employees to consider throughout their careers, and as they
plan for retirement. Your pension is based on your earnings during
the most recent employment years with us, as well as the total
number of years of service you have with our company. So your
pension benefit grows as your career with us grows.
Updated January 31, 2016