Stock Analysis on Net
Stock Analysis on Net

Johnson & Johnson (NYSE:JNJ)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 

Johnson & Johnson, common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Dec 28, 2025 Dec 29, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Loans and notes payable 4.26 3.32 2.06 6.82 2.07
Accounts payable 6.02 5.73 5.75 6.25 6.07
Accrued liabilities 4.31 4.75 6.09 6.11 7.48
Accrued rebates, returns and promotions 9.60 9.76 9.55 7.69 6.64
Accrued compensation and employee related obligations 2.28 2.29 2.38 1.78 1.97
Accrued taxes on income 0.70 2.09 1.79 1.14 0.61
Current liabilities 27.17% 27.94% 27.62% 29.78% 24.85%
Long-term debt, excluding current portion 19.80 17.02 15.45 14.35 16.47
Deferred taxes on income 3.41 1.36 1.91 3.40 4.11
Employee related obligations 3.49 4.03 4.27 3.61 4.89
Long-term taxes payable 0.24 0.22 1.72 2.30 3.14
Other liabilities 4.95 9.74 8.00 5.57 5.87
Non-current liabilities 31.90% 32.37% 31.33% 29.23% 34.49%
Total liabilities 59.07% 60.31% 58.96% 59.01% 59.33%
Preferred stock, without par value, unissued 0.00 0.00 0.00 0.00 0.00
Common stock, par value $1.00 per share 1.57 1.73 1.86 1.67 1.71
Accumulated other comprehensive loss -7.49 -6.52 -7.48 -6.92 -7.17
Retained earnings and Additional-paid-in-capital 84.82 86.50 91.81 68.50 67.61
Common stock held in treasury, at cost -37.96 -42.02 -45.16 -22.25 -21.48
Shareholders’ equity 40.93% 39.69% 41.04% 40.99% 40.67%
Total liabilities and shareholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2025-12-28), 10-K (reporting date: 2024-12-29), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).

The composition of liabilities and stockholders’ equity exhibited several notable shifts between 2021 and 2025. Overall, total liabilities remained relatively stable as a percentage of the total, fluctuating between approximately 58.96% and 59.33%. Shareholders’ equity followed a similar pattern, consistently representing around 40% to 41% of the total.

Current Liabilities
Current liabilities as a percentage of the total initially increased from 24.85% in 2021 to 29.78% in 2022, before decreasing to 27.17% in 2025. Within this category, accrued rebates, returns and promotions demonstrated a consistent upward trend, rising from 6.64% to 9.60% over the period. Conversely, accrued liabilities decreased from 7.48% to 4.31% during the same timeframe. Accrued taxes on income showed a marked increase from 0.61% to 2.09% between 2021 and 2023, then decreased significantly to 0.70% in 2025.
Long-Term Liabilities
Non-current liabilities showed a decrease from 34.49% in 2021 to 29.23% in 2022, followed by a slight increase to 31.90% in 2025. Long-term debt, excluding the current portion, increased from 16.47% to 19.80% over the five-year period, indicating a growing reliance on long-term financing. Long-term taxes payable experienced a substantial decline, falling from 3.14% in 2021 to 0.24% in 2025. Deferred taxes on income also decreased, moving from 4.11% to 1.36% before rising to 3.41% in 2025.
Stockholders’ Equity
Significant fluctuations were observed within stockholders’ equity. Retained earnings and additional-paid-in-capital increased substantially from 67.61% in 2021 to 91.81% in 2023, before decreasing to 84.82% in 2025. Common stock held in treasury, at cost, exhibited a considerable negative percentage, increasing in absolute value from -21.48% to -45.16% in 2023, and then decreasing to -37.96% in 2025. Accumulated other comprehensive loss remained consistently negative, fluctuating between -6.52% and -7.49%. Common stock, as a percentage of the total, showed a slight decrease from 1.71% to 1.57%.

Loans and notes payable experienced a significant increase from 2.07% in 2021 to 6.82% in 2022, followed by a return to 2.06% in 2023 and a gradual increase to 4.26% in 2025. Other liabilities also showed volatility, increasing from 5.87% to 9.74% in 2024 before decreasing to 4.95% in 2025. These shifts suggest dynamic management of both short-term and long-term financial obligations and equity positions.

AI Ask an analyst for more