Review the instructions for the JOHNSON & JOHNSON SEC 10-K project. This week's report focuses on the Statement of Shareholders' Equity. Review the discussion board in week two on the Statement of...

11
JOHNSON & JOHNSON SEC 10-K PROJECT
Johnson and Johnson 2020 Statement of Shareholder’s Equity –
    Shareholders’ Equity
    2019($ in Million)
    2020 ($ in Million)
    Opening Balance of Stock at January 1,2019-Common Stock at par value of $ 1 per share
    Authorized- 4,320,000,000; Issued- 3,119,843,000
    3120
    3120
    Accumulated other comprehensive income (loss)
    
    (15891)
    (15,242)
    Retained Earnings
    
    113,890
    110,659
    Total Shareholders’ funds
    
    101,768
    97,888
    
    
    
    
    Less: common stock held in treasury, at cost
    (487,331,000 shares and 487,336,000 shares)
    38,490
    38,417
    Total shareholders’ equity
    
    63,278
    59,471
Beginning Balance -2019 and 2020 analysis
    
    Common Stock
    Treasury Stock
    Description
    Shares (Nos. in Thousand)
    Amount ($ in Million)
    Shares (Nos. in Thousand)
    Amount ($ in Million)
    Opening Balance of Stock at January 1,2019-Common Stock at par value of $ 1 per share
    3,119,843,000
    3,120
    457,519
    34,362
    Employee compensation and stock option plans
    -
    -
    (-20,053)
    (-2,691)
    Repurchase of Common stock
    -
    -
    49,870
    6,746
    Closing Balance at December 31,2019
    3,119,843,000
    3,120
    487,336
    38,417
    Dividend per share
    
    $ 3.75
    
    
    Shareholders’ equity per
share
    22.59
    
    
    
    Market price per share
(year-end close)
    
    $145.75
    
    
    Average shares outstanding(millions)
    2645.1
    
    
    
Common Stock Balance at December 31, 2020
    
    Common Stock
    Treasury Stock
    Description
    Shares (Nos. in Thousand)
    Amount ($ in Million)
    Shares (Nos. in Thousand)
    Amount ($ in Million)
    Opening Balance of Stock at January 1,2020-Common Stock at par value of $ 1 per share
    3,119,843,000
    3,120
    487,336
    38,417
    Employee compensation and stock option plans
    -
    -
    (-21,765)
    (-2,691)
    Repurchase of Common stock
    -
    -
    21,760
    3,221
    Closing Balance at December 31,2020
    3,119,843,000
    3,120
    487,331
    38,490
    Dividend per share
    
    $ 3.98
    
    
    Shareholders’ equity per
share
    
    24.15
    
    
    Market price per share
(year-end close)
    
    
    
    
    Average shares outstanding
(millions)
    2632.8
    
    
    
The Company’s Common Stock is listed on the New York Stock Exchange. The company’s Authorized capital is 4,320,000,000 shares.
· As of September 29, 2019, the share repurchase program was completed with an aggregate of 37,181,268 shares purchased for a total of $5.0 billion since the inception of the repurchase program announced on December 17, 2018.
· Under the 2012 Long-Term Incentive Plan, the Company may issue up to 650 million
Shares of common stock, plus any shares cancelled, expired, forfeited, or not issued from the 2005 Long-Term Incentive
· Plan subsequent to April 26, 2012. Shares available for future grants under the 2012 Long-Term Incentive Plan were
· 315...