Founded in 1887, J&J operates in 60 countries with 132,200 employees worldwide
Company has 97 manufacturing facilities totaling 15.2 million square feet
Ranked 37th on 2019 Fortune 500 list
Business Segments
Three main segments: Consumer, Pharmaceuticals, and Medical Devices
Pharmaceuticals segment generated $42.2B in 2019, accounting for 51.4% of total sales
Medical Devices segment generated $26B in 2019, accounting for 31.6% of total sales
Consumer segment includes major brands like Johnson's, Listerine, and Tylenol
Research and Development
Spends over $10 billion annually on R&D globally
Commercialized over $20 billion worth of new products in past five years
Has 14 approved drugs since 2011, generating over $1 billion each
Expects 40-50 new medical device launches by 2022
Financial Performance
Worldwide sales grew 0.6% to $82.1B in 2019
Completed 13 major acquisitions and 100 innovation deals in 2019
Maintains 35 consecutive years of earnings growth
Dividend increases 44.78% over 56 years
COVID-19 Response
Committed over $1 billion to COVID-19 vaccine development
Increased Tylenol production globally during pandemic
Developed VESper Ventilator Expansion Splitter for ventilator shortage
Expected to start COVID-19 vaccine clinical trials in September 2020
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