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Business Combinations and Divestitures (Tables) | 9 Months Ended
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Sep. 29, 2013
Business Acquisition [Line Items] |
Business Acquisition, Schedule of Consideration Transferred [Table Text Block] | The following table summarizes the consideration transferred to acquire Synthes, Inc. valued on the acquisition date of June 14, 2012:
(Dollars in Millions) |  |
Cash (multiply 55.65CHF by shares of Synthes common stock outstanding by the exchange rate)(A) |  | $ | 6,902 |
Common stock (multiply 1.717 by shares of Synthes common stock outstanding by J&J stock price)(B) |  | $ | 13,335 |
Total fair value of consideration transferred |  | $ | 20,237 |
(A) Synthes common stock outstanding of 118.7 million shares as of the acquisition date and CHF/USD exchange rate of .95674 (B) Johnson & Johnson closing stock price on the New York Stock Exchange as of the acquisition date of $65.45 per share.
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed[Table Text Block] | The following table presents the amounts recognized for assets acquired and liabilities assumed as of the acquisition date with adjustments made through June 30, 2013:
(Dollars in Millions) |
Cash & Cash equivalents | $ | 2,749 |
Inventory | 1,194 |
Accounts Receivable, net | 738 |
Other current assets | 238 |
Property, plant and equipment | 1,253 |
Goodwill | 6,074 |
Intangible assets | 12,861 |
Other non-current assets | 46 |
Total Assets Acquired | 25,153 |
Current liabilities | 1,081 |
Deferred Taxes | 3,506 |
Other non-current liabilities | 329 |
Total Liabilities Assumed | 4,916 |
Net Assets Acquired | $ | 20,237 |
Schedule Of Intangible Assets Acquired [Table Text Block] | The purchase price allocation to the identifiable intangible assets is as follows:
(Dollars in Millions) |  |
Intangible assets with definite lives: |  |
Customer Relationships |  | $ | 9,870 |
Patents and Technology |  | 1,508 |
Total amortizable intangibles |  | 11,378 |
Trademark and Trade name |  | 1,420 |
In-process research and development |  | 63 |
Total intangible assets |  | $ | 12,861 |
Business Acquisition, Pro Forma Information [Table Text Block] | The following table provides pro forma results of operations for the fiscal nine months ended September 30, 2012, as if Synthes, Inc. had been acquired as of January 3, 2011. The pro forma results include the effect of divestitures and certain purchase accounting adjustments such as the estimated changes in depreciation and amortization expense on the acquired tangible and intangible assets. However, pro forma results do not include any anticipated cost savings or other effects of the planned integration of Synthes, Inc. Accordingly, such amounts are not necessarily indicative of the results if the acquisition had occurred on the dates indicated or which may occur in the future.
Unaudited Pro forma Consolidated Results
(Dollars in Millions Except Per Share Data) | Fiscal Nine Months Ended September 30, 2012
Net Sales | $ | 51,336 |
Net Earnings Attributable to Johnson & Johnson | $ | 8,734 |
Diluted Net Earnings per Common Share Attributable to Johnson & Johnson | $ | 3.11 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4845-128472 + Details
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