This report should not be construed as providing investment advice. It is for educational purposes only.  Before making any investment decision, you should always do your own research or consult a investment professional.														Estimates	Estimates	Estimates
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet.														Q3 2024
See my website on stocks or see my blog at the following sites.							https://spbrunner.com/stocks.html				https://spbrunner.blogspot.com/			29-Sep-24
Johnson and Johnson					NE:	JNJ		NYSE:	JNJ	https://www.jnj.com/		Fiscal Yr:	Dec 31
Year	12/31/12	12/31/13	12/31/14	12/31/15	12/31/16	12/31/17	12/31/18	12/31/19	12/31/20	12/31/21	12/31/22	12/31/23	12/31/24	12/31/25	12/31/26	12/31/27		Value	Description	#Y	Item	Total G	Currency
Reporting Date			28-Dec-14	3-Jan-16	1-Jan-17	31-Dec-17	30-Dec-18	29-Dec-19	3-Jan-21	2-Jan-22	31-Dec-22	31-Dec-23	29-Dec-24	31-Dec-24	31-Dec-24	31-Dec-24
Accounting Rules	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	US GAAP	US GAAP	US GAAP	US GAAP	US GAAP	US GAAP	US GAAP	US GAAP	US GAAP	US GAAP
Split
USD - CDN$	0.9968	1.0636	1.1601	1.3847	1.3427	1.2545	1.3642	1.2988	1.2988	1.2678	1.3544	1.3226	1.4389	1.4018	1.4018	1.4018		2.18%	<-IRR #YR->	10	USD - CDN$		1.38%
Change	-2.40%	6.70%	9.07%	19.36%	-3.04%	-6.57%	8.74%	-4.79%	0.00%	-2.39%	6.83%	-2.35%	8.79%	-2.58%	0.00%	0.00%		2.07%	<-IRR #YR->	5	USD - CDN$		5.99%
Exchange 10 years			-1.1601	0.0000	0.0000	0.0000	0.0000	0.0000	0.0000	0.0000	0.0000	0.0000	1.4389								Exchange 10 years
Exchange 5 years								-1.2988	0.0000	0.0000	0.0000	0.0000	1.4389								Exchange 5 years
Cost of Sales			$22,746.0	$21,536.0	$21,685.0	$25,439.0	$27,091.0	$27,556.0	$28,427.0	$29,855.0	$24,596.0	$26,553.0	$27,471.0	$29,416.0	<-12 mths	7.08%		-0.31%	<-Total Growth	10	Cost of Sales
Change			#DIV/0!	-5.32%	0.69%	17.31%	6.49%	1.72%	3.16%	5.02%	-17.62%	7.96%	3.46%	7.08%	<-12 mths	104.79%		101.42%	<-Median->	9	Change
Ratio			0.31	0.31	0.30	0.33	0.33	0.34	0.34	0.32	0.26	0.31	0.31	0.32	<-12 mths	4.11%		0.31	<-Median->	10	Ratio
Selling & Admin & Finance			$22,487.0	-$20,651.0	$20,671.0	$22,454.0	$23,545.0	$22,496.0	$22,285.0	$24,842.0	$20,522.0	$22,284.0	$23,624.0	$24,270.0	<-12 mths	2.73%		5.01%	<-Total Growth	10	Selling & Admin
Change			#DIV/0!	-191.84%	-200.10%	8.63%	4.86%	-4.46%	-0.94%	11.47%	-17.39%	8.59%	6.01%	2.73%	<-12 mths	-54.53%		234.97%	<-Median->	9	Change
Ratio			0.30	-0.29	0.29	0.29	0.29	0.27	0.27	0.26	0.22	0.26	0.27	0.27	<-12 mths	-0.12%		0.27	<-Median->	10	Ratio
Total			$45,233.0	$885.0	$42,356.0	$47,893.0	$50,636.0	$50,052.0	$50,712.0	$54,697.0	$45,118.0	$48,837.0	$51,095.0	$53,686.0	<-12 mths	5.07%		2.08%	<-Total Growth	10	Total
Change			8.24%	8.24%	8.24%	8.24%	8.24%	8.24%	8.24%	8.24%	8.24%	8.24%	4.62%	5.07%	<-12 mths	9.68%		8.24%	<-Median->	10	Change
Ratio			0.61	0.01	0.59	0.63	0.62	0.61	0.61	0.58	0.48	0.57	0.58	0.59	<-12 mths	2.15%		0.59	<-Median->	10	Ratio
														$91,358	<-12 mths	2.86%
Kenvue IPO (excluding Kenvue)										$78,740	$79,990	$85,159	$88,821
Increase											1.59%	6.46%	4.30%
Sales*	$67,224	$71,312	$74,331	$70,074	$71,890	$76,450	$81,581	$82,059	$82,584	$93,775	$94,943	$85,159	$88,821	$93,751	$98,389	$103,103		19.49%	<-Total Growth	10	Revenue		US$
Increase	3.37%	6.08%	4.23%	-5.73%	2.59%	6.34%	6.71%	0.59%	0.64%	13.55%	1.25%	-10.31%	4.30%	5.55%	4.95%	4.79%		1.80%	<-IRR #YR->	10	Revenue	19.49%	US$
5 year Running Average	$63,897	$65,410	$67,897	$69,594	$70,966	$72,811	$74,865	$76,411	$78,913	$83,290	$86,988	$87,704	$89,056	$91,290	$92,213	$93,845		1.60%	<-IRR #YR->	5	Revenue	8.24%	US$
Revenue per Share	$24.19	$25.28	$26.71	$25.43	$26.56	$28.50	$30.64	$31.17	$31.37	$35.67	$36.33	$35.38	$36.90	$38.96	$40.89	$42.85		2.75%	<-IRR #YR->	10	5 yr Running Average	31.16%	US$
Increase	1.35%	4.50%	5.63%	-4.77%	4.44%	7.29%	7.52%	1.73%	0.64%	13.70%	1.84%	-2.61%	4.31%	5.58%	4.95%	4.79%		3.11%	<-IRR #YR->	5	5 yr Running Average	16.55%	US$
5 year Running Average	$23.19	$23.66	$24.51	$25.10	$25.64	$26.50	$27.57	$28.46	$29.65	$31.47	$33.04	$33.98	$35.13	$36.65	$37.69	$39.00		3.29%	<-IRR #YR->	10	Revenue per Share	38.18%	US$
P/S (Price/Sales) Med	2.78	3.28	3.66	3.88	4.16	4.48	4.36	4.37	4.28	4.66	4.74	4.61	4.09	4.31	0.00	0.00		3.43%	<-IRR #YR->	5	Revenue per Share	18.39%	US$
P/S (Price/Sales)	2.90	3.62	3.92	4.04	4.34	4.90	4.21	4.68	5.02	4.80	4.86	4.43	3.92	4.78	4.56	0.00		3.67%	<-IRR #YR->	10	5 yr Running Average	43.33%	US$
*Sales to Customers in M US $					P/S Med	20 yr	3.94	15 yr	4.16	10 yr	4.36	5 yr	4.61		9.65%	Diff M/C		4.30%	<-IRR #YR->	5	5 yr Running Average	23.43%	US$
			-$74,331	$0	$0	$0	$0	$0	$0	$0	$0	$0	$88,821
								-$82,059	$0	$0	$0	$0	$88,821
			-$67,897	$0	$0	$0	$0	$0	$0	$0	$0	$0	$89,056
								-$76,411	$0	$0	$0	$0	$89,056
			-$26.71	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$36.90
								-$31.17	$0.00	$0.00	$0.00	$0.00	$36.90
			-$24.51	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$35.13
								-$28.46	$0.00	$0.00	$0.00	$0.00	$35.13
														$25,152	<-12 mths	3.75%
														$10.37	<-12 mths	3.91%
Adjusted Earnings	$14,345	$15,876	$18,318	$17,445	$18,764	$20,040	$22,315	$23,310	$21,433	$26,195	$27,038	$25,409	$24,242					32.34%	<-Total Growth	10	Adjusted EPS		US$
Adjusted Earnings Basic	$5.21	$5.65	$6.51	$6.29	$6.85	$7.44	$8.32	$8.81	$8.14	$9.96	$10.30	$10.03	$10.07					54.76%	<-Total Growth	10	Adjusted Earnings Basic		US$
Adjusted Earnings Diluted	$5.10	$5.52	$6.39	$6.20	$6.76	$7.30	$8.18	$8.68	$8.03	$9.80	$10.15	$9.92	$9.98	$10.87	$11.54	$12.34		56.18%	<-Total Growth	10	Adjusted Earnings Diluted		US$
Increase	2.00%	8.24%	15.76%	-2.97%	9.03%	7.99%	12.05%	6.11%	-7.49%	22.04%	3.57%	-2.27%	0.60%	8.92%	6.16%	6.93%		10	0	10	Years of Data, EPS P or N	100.00%	US$
5 year Running Average	$4.81	$5.00	$5.35	$5.64	$5.99	$6.43	$6.97	$7.42	$7.79	$8.40	$8.97	$9.32	$9.58	$10.14	$10.49	$10.93		4.56%	<-IRR #YR->	10	AEPS	56.18%	US$
AEPS Yield	7.28%	6.03%	6.11%	6.04%	5.87%	5.22%	6.34%	5.95%	5.10%	5.73%	5.75%	6.33%	6.90%	5.83%	6.19%	#DIV/0!		2.83%	<-IRR #YR->	5	AEPS	14.98%	US$
Payout Ratio	47.06%	46.92%	43.19%	47.58%	46.60%	45.48%	43.28%	43.20%	49.56%	42.76%	43.84%	47.38%	49.20%	47.29%	45.06%	42.14%		-2.46%	<-IRR #YR->	10	5 yr Running Average	12.93%	US$
5 year Running Average	43.50%	45.00%	45.30%	45.95%	46.27%	45.95%	45.23%	45.23%	45.62%	44.86%	44.53%	45.35%	46.55%	46.09%	46.55%	46.21%		5.22%	<-IRR #YR->	5	5 yr Running Average	15.97%	US$
Price/AEPS Median	13.21	15.04	15.31	15.90	16.36	17.50	16.33	15.68	16.72	16.97	16.95	16.42	15.12	15.45	0.00	0.00		16.39	<-Median->	5	Price/AEPS Median		US$
Price/AEPS High	14.22	17.26	17.07	17.16	18.55	19.67	18.07	16.87	19.60	18.31	18.33	18.17	16.77	17.82	0.00	0.00		18.24	<-Median->	5	Price/AEPS High		US$
Price/AEPS Low	12.20	12.83	13.56	14.63	14.16	15.32	14.60	14.48	13.84	15.62	15.58	14.68	13.47	13.09	0.00	0.00		14.62	<-Median->	5	Price/AEPS Low		US$
Price/AEPS Close	13.75	16.59	16.36	16.57	17.04	19.14	15.78	16.81	19.60	17.46	17.40	15.80	14.49	17.15	16.15	0.00		16.92	<-Median->	5	Price/AEPS Close		US$
Trailing P/AEPS Close	14.02	17.96	18.94	16.08	18.58	20.67	17.68	17.83	18.13	21.30	18.03	15.44	14.58	18.68	17.15	0.00		17.93	<-Median->	5	Trailing P/AEPS Close		US$
Adjusted Net Earnings	Historical	in order	16.33	18.07	14.48	16.59	P/AEPS	5 Yrs	in order	16.72	18.31	14.68	17.40		-6.36%	Diff M/C		-6.36%	Diff Med/Curr
In annoucement of 4th quarterly			-$6.39	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$9.98
results. Press Release								-$8.68	$0.00	$0.00	$0.00	$0.00	$9.98
			-$5.35	$0.00	$0.00	-$6.43	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$9.58
								-$7.42	$0.00	$0.00	$0.00	$0.00	$9.58
														$10.35	<-12 mths	78.76%
pre-split 2001
EPS Basic	$3.86	$4.92	$5.80	$5.56	$6.04	$0.48	$5.70	$5.72	$5.59	$7.93	$6.83	$13.88	$5.84					0.69%	<-Total Growth	10	EPS Basic		US$
pre-split 1997
pre-split 2001
EPS Diluted*	$3.86	$4.81	$5.70	$5.48	$5.93	$0.47	$5.61	$5.63	$5.51	$7.81	$6.73	$13.72	$5.79	$11.06	$9.48	$10.63		1.58%	<-Total Growth	10	EPS Diluted		US$
Increase	10.60%	24.61%	18.50%	-3.86%	8.21%	-92.07%	1093.62%	0.36%	-2.13%	41.74%	-13.83%	103.86%	-57.80%	91.02%	-14.26%	12.10%		10	0	10	Years of Data, EPS P or N		US$
Earnings Yield	5.5%	5.3%	5.5%	5.3%	5.1%	0.3%	4.3%	3.9%	3.5%	4.6%	3.8%	8.8%	4.0%	5.9%	5.1%	#DIV/0!		0.16%	<-IRR #YR->	10	Earnings per Share	1.58%	US$
5 year Running Average	$4.22	$4.27	$4.53	$4.67	$5.16	$4.48	$4.64	$4.62	$4.63	$5.01	$6.26	$7.88	$7.91	$9.02	$9.36	$10.14		0.56%	<-IRR #YR->	5	Earnings per Share	2.84%	US$
10 year Running Average	$3.72	$3.96	$4.24	$4.45	$4.67	$4.35	$4.45	$4.58	$4.65	$5.08	$5.37	$6.26	$6.27	$6.83	$7.18	$8.20		5.74%	<-IRR #YR->	10	5 yr Running Average	74.73%	US$
* Diluted ESP per share									E/P	10 Yrs	4.18%	5Yrs	4.00%					11.34%	<-IRR #YR->	5	5 yr Running Average	71.11%	US$
			-$5.70	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$5.79
								-$5.63	$0.00	$0.00	$0.00	$0.00	$5.79
			-$4.53	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$7.91
								-$4.62	$0.00	$0.00	$0.00	$0.00	$7.91
Dividend*														$5.17	$85.34	$5.57			Estimates		Dividend*
Increase														5.25%	1551.24%	-93.47%			Estimates		Increase
Payout Ratio EPS														46.73%	899.88%	52.42%			Estimates		Payout Ratio EPS
Comment												Spin-off
Special Dividends US$	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$26.90	$0.00	$0.00	$0.00	$0.00		$0.00	<-Median->	10	Special Dividends		US$
pre-split 1997																							US$
pre-split 2001																							US$
Dividend*	$2.40	$2.59	$2.76	$2.95	$3.15	$3.32	$3.54	$3.75	$3.98	$4.19	$4.45	$4.70	$4.91	$5.14	$5.20	$5.20		77.90%	<-Total Growth	10	Dividends		US$
Increase	6.67%	7.92%	6.56%	6.88%	6.78%	5.40%	6.63%	5.93%	6.13%	5.28%	6.21%	5.62%	4.47%	4.68%	1.17%	0.00%		36	0	36	Years of data, Count P, N	100.00%	US$
Average Increases 5 Year Running	8.19%	7.61%	7.42%	6.93%	6.96%	6.71%	6.45%	6.32%	6.17%	5.87%	6.03%	5.83%	5.54%	5.25%	4.43%	3.19%		6.25%	<-Median->	10	Average Incr 5 Year Running
Dividends 5 Yr Running	$2.10	$2.26	$2.42	$2.59	$2.77	$2.95	$3.14	$3.34	$3.55	$3.76	$3.98	$9.59	$9.83	$10.06	$10.26	$10.41		305.70%	<-Total Growth	10	Dividends 5 Yr Running		US$
Yield H/L Price	3.56%	3.12%	2.82%	2.99%	2.85%	2.60%	2.65%	2.76%	2.96%	2.52%	2.59%	2.88%	3.25%	3.06%				2.80%	<-Median->	10	Yield H/L Price		US$
Yield on High  Price	3.31%	2.72%	2.53%	2.77%	2.51%	2.31%	2.39%	2.56%	2.53%	2.33%	2.39%	2.61%	2.93%	2.65%				2.52%	<-Median->	10	Yield on High  Price		US$
Yield on Low Price	3.86%	3.66%	3.19%	3.25%	3.29%	2.97%	2.96%	2.98%	3.58%	2.74%	2.81%	3.23%	3.65%	3.61%				3.11%	<-Median->	10	Yield on Low Price		US$
Yield on Close Price	3.42%	2.83%	2.64%	2.87%	2.73%	2.38%	2.74%	2.57%	2.53%	2.45%	2.52%	3.00%	3.40%	2.76%	2.79%	2.79%		2.65%	<-Median->	10	Yield on Close Price		US$
Payout Ratio EPS	62.18%	53.85%	48.42%	53.83%	53.12%	706.38%	63.10%	66.61%	72.23%	53.65%	66.12%	34.26%	84.80%	46.47%	54.83%	48.92%		39.28%	<-Median->	37	DPR EPS		US$
DPR EPS 5 Yr Running	49.69%	52.86%	53.49%	55.48%	53.72%	65.97%	67.79%	72.28%	76.63%	75.03%	63.63%	121.75%	124.19%	111.48%	109.66%	102.70%		40.00%	<-Median->	33	DPR EPS 5 Yr Running		US$
Payout Ratio CFPS	43.31%	41.95%	41.59%	42.16%	44.22%	42.30%	42.45%	42.16%	44.52%	47.05%	54.88%	49.64%	48.70%	37.74%	0.41%	35.37%		32.70%	<-Median->	34	DPR CF		US$
DPR CF 5 Yr Running	37.21%	38.96%	40.93%	42.32%	42.65%	42.47%	42.55%	42.62%	43.11%	43.75%	46.10%	108.24%	107.97%	94.89%	96.79%	98.21%		31.99%	<-Median->	30	DPR CF 5 Yr Running		US$
Payout Ratio CFPS WC	38.40%	39.80%	39.32%	45.31%	40.50%	90.74%	42.46%	50.49%	50.26%	39.84%	46.14%	55.77%	52.69%	37.74%	0.41%	35.37%		36.68%	<-Median->	28	DPR CF WC		US$
DPR CF WC 5 Yr Running	36.61%	38.60%	39.42%	41.87%	40.66%	46.93%	47.20%	49.57%	50.51%	49.61%	45.41%	109.19%	107.21%	97.60%	3.94%	3.98%		37.61%	<-Median->	24	DPR CF WC 5 Yr Running		US$
Median Values	10 Yr Med	10 Yr Cl	2.80%	2.65%	5 Yr Med	5 Yr Cl	2.88%	2.53%	5 Yr Med	Payout	66.12%	48.70%	50.26%					5.54%	<-IRR #YR->	5	Dividends	30.93%	US$
* Dividends per share	10 Yr Med	and Cur.	-0.45%	5.17%	5 Yr Med	and Cur.	-3.30%	10.31%	Last Div Inc --->		$1.24	$1.30	4.84%					5.93%	<-IRR #YR->	10	Dividends	77.90%	US$
Dividends Growth 15																		6.42%	<-IRR #YR->	15	Dividends	154.40%	US$
Dividends Growth 20																		7.79%	<-IRR #YR->	20	Dividends	348.40%	US$
Dividends Growth 25																		9.19%	<-IRR #YR->	25	Dividends	800.92%	US$
Dividends Growth 30																		9.99%	<-IRR #YR->	30	Dividends	1434.38%	US$
Dividends Growth 35																		10.70%	<-IRR #YR->	35	Dividends
Dividends Growth 40																		10.86%	<-IRR #YR->	36	Dividends
Dividends Growth 5								-$3.75	$0.00	$0.00	$0.00	$0.00	$4.91								Dividends Growth 5
Dividends Growth 10			-$2.76	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$4.91								Dividends Growth 10
Dividends Growth 15	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$4.91								Dividends Growth 15
Dividends Growth 20	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$4.91								Dividends Growth 20
Dividends Growth 25	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$4.91								Dividends Growth 25
Dividends Growth 30	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$4.91								Dividends Growth 30
Dividends Growth 35	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$4.91								Dividends Growth 35
Dividends Growth 40	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$4.91								Dividends Growth 40
Historical Dividends	Historical	High Div	3.73%	Low Div	1.17%	10 Yr High	3.64%	10 Yr Low	2.32%	Med Div	2.47%	Close Div	2.26%								Historical Dividends		US$
High/Ave/Median Values	Curr diff	Exp.	-25.21%		138.44%	Exp.	-23.36%	Cheap	20.25%	Cheap	12.94%	Cheap	23.68%								High/Ave/Median		US$
Future Dividend Yield					Div Yd	3.65%	earning in	5	Years	at IRR of	5.54%	Div Inc.	30.93%								Future Dividend Yield		US$
Future Dividend Yield					Div Yd	4.78%	earning in	10	Years	at IRR of	5.54%	Div Inc.	71.44%								Future Dividend Yield		US$
Future Dividend Yield					Div Yd	6.26%	earning in	15	Years	at IRR of	5.54%	Div Inc.	124.47%								Future Dividend Yield		US$
Future Dividend Paid					Div Paid	$6.81	earning in	5	Years	at IRR of	5.54%	Div Inc.	30.93%								Future Dividend Paid		US$
Future Dividend Paid					Div Paid	$8.91	earning in	10	Years	at IRR of	5.54%	Div Inc.	71.44%								Future Dividend Paid		US$
Future Dividend Paid					Div Paid	$11.67	earning in	15	Years	at IRR of	5.54%	Div Inc.	124.47%								Future Dividend Paid		US$
Dividend Covering Cost					Total Div	$29.04	over	5	Years	at IRR of	5.54%	Div Cov.	15.58%								Dividend Covering Cost		US$
Dividend Covering Cost					Total Div	$60.26	over	10	Years	at IRR of	5.54%	Div Cov.	32.33%								Dividend Covering Cost		US$
Dividend Covering Cost					Total Div	$101.14	over	15	Years	at IRR of	5.54%	Div Cov.	54.26%								Dividend Covering Cost		US$
Yield if held 5 years	3.74%	4.08%	4.95%	4.79%	5.02%	4.93%	4.26%	3.83%	4.04%	3.79%	3.48%	3.52%	3.61%	3.83%	3.13%	3.02%		3.94%	<-Median->	10	Dividends		US$
Yield if held 10 years	4.49%	4.84%	4.86%	4.55%	4.99%	5.17%	5.57%	6.72%	6.47%	6.67%	6.61%	5.66%	5.02%	5.22%	4.70%	4.07%		5.62%	<-Median->	10	Dividends		US$
Yield if held 15 years	8.28%	6.77%	5.97%	6.86%	6.22%	6.21%	6.61%	6.61%	6.14%	6.63%	6.93%	7.40%	8.80%	8.35%	8.28%	7.72%		6.62%	<-Median->	10	Dividends		US$
Yield if held 20 years	18.87%	23.35%	23.87%	16.16%	13.18%	11.45%	9.25%	8.12%	9.25%	8.28%	8.32%	8.77%	8.65%	7.94%	8.23%	8.10%		9.01%	<-Median->	10	Dividends		US$
Yield if held 25 years		53.30%	43.77%	38.18%	27.83%	26.10%	31.91%	32.43%	21.81%	17.53%	15.35%	12.28%	10.63%	11.95%	10.27%	9.73%		23.96%	<-Median->	10	Dividends		US$
Yield if held 30 years							72.85%	59.48%	51.51%	37.01%	34.99%	42.37%	42.46%	28.16%	21.75%	17.94%		42.46%	<-Median->	7	Dividends
Yield if held 35 years												96.72%	77.87%	66.53%	45.94%	40.88%		87.30%	<-Median->	2	Dividends		US$
Cost covered if held 5 years	16.32%	17.76%	21.71%	21.05%	22.06%	21.93%	18.93%	17.08%	18.00%	16.98%	15.59%	35.90%	36.10%	37.46%	30.85%	30.25%		19.99%	<-Median->	10	Dividends		US$
Cost covered if held 10 years	31.53%	34.57%	35.57%	33.75%	37.28%	39.32%	42.51%	51.67%	49.88%	51.97%	51.48%	76.69%	67.29%	69.02%	63.38%	56.34%		50.68%	<-Median->	10	Dividends		US$
Cost covered if held 15 years	69.00%	57.74%	52.63%	61.95%	57.50%	59.16%	63.92%	65.01%	61.13%	67.01%	70.31%	118.04%	139.75%	131.62%	133.67%	128.75%		64.47%	<-Median->	10	Dividends		US$
Cost covered if held 20 years	170.20%	216.20%	228.86%	159.41%	133.33%	119.96%	98.81%	88.80%	103.18%	94.61%	96.41%	153.48%	151.59%	138.77%	148.20%	151.34%		111.57%	<-Median->	10	Dividends		US$
Cost covered if held 25 years		513.58%	437.38%	392.97%	294.34%	286.33%	357.90%	373.38%	256.61%	211.89%	188.65%	224.12%	195.13%	220.08%	195.97%	193.78%		271.47%	<-Median->	10	Dividends		US$
Cost covered if held 30 years							837.08%	702.41%	622.58%	460.24%	442.87%	790.31%	798.29%	532.18%	426.48%	368.23%		702.41%	<-Median->	7	Dividends		US$
Cost covered if held 35 years												1824.25%	1481.63%	1273.48%	913.42%	852.10%		1652.94%	<-Median->	2	Dividends		US$
																				Yr	Item	Tot. Growth	Per Year
Revenue Growth								$82,059	$82,584	$93,775	$94,943	$85,159	$88,821	$91,358	<-12 mths	2.86%		8.24%	<-Total Growth	5	Revenue Growth	8.24%	1.60%
AEPS Growth								$8.68	$8.03	$9.80	$10.15	$9.92	$9.98	$10.37	<-12 mths	3.91%		14.98%	<-Total Growth	5	AEPS Growth	14.98%	2.83%
Net Income Growth								$15,119	$14,714	$20,878	$17,941	$35,153	$14,066	$25,119	<-12 mths	78.58%		-6.96%	<-Total Growth	5	Net Income Growth	-6.96%	-1.43%
Cash Flow Growth								$23,416	$23,536	$23,410	$21,194	$22,791	$24,266	$24,204	<-12 mths	-0.26%		3.63%	<-Total Growth	5	Cash Flow Growth	3.63%	0.72%
Dividend Growth								$3.75	$3.98	$4.19	$4.45	$4.70	$4.91	$5.14	<-12 mths	4.68%		30.93%	<-Total Growth	5	Dividend Growth	30.93%	5.54%
Stock Price Growth								$145.87	$157.38	$171.07	$176.65	$156.74	$144.62	$186.40	<-12 mths	28.89%		-0.86%	<-Total Growth	5	Stock Price Growth	-0.86%	-0.17%
Revenue Growth			$74,331	$70,074	$71,890	$76,450	$81,581	$82,059	$82,584	$93,775	$94,943	$85,159	$88,821	$91,358	<-12 mths	2.86%		19.49%	<-Total Growth	10	Revenue Growth	19.49%	1.80%
AEPS Growth			$6.39	$6.20	$6.76	$7.30	$8.18	$8.68	$8.03	$9.80	$10.15	$9.92	$9.98	$10.37	<-12 mths	3.91%		56.18%	<-Total Growth	10	AEPS Growth	56.18%	4.56%
Net Income Growth			$16,323	$15,409	$16,540	$1,300	$15,297	$15,119	$14,714	$20,878	$17,941	$35,153	$14,066	$25,119	<-12 mths	78.58%		-13.83%	<-Total Growth	10	Net Income Growth	-13.83%	-1.48%
Cash Flow Growth			$18,471	$19,279	$19,279	$21,056	$22,201	$23,416	$23,536	$23,410	$21,194	$22,791	$24,266	$24,204	<-12 mths	-0.26%		31.37%	<-Total Growth	10	Cash Flow Growth	31.37%	2.77%
Dividend Growth			$2.76	$2.95	$3.15	$3.32	$3.54	$3.75	$3.98	$4.19	$4.45	$4.70	$4.91	$5.1	<-12 mths	4.68%		77.90%	<-Total Growth	10	Dividend Growth	77.90%	5.93%
Stock Price Growth			$104.57	$102.72	$115.21	$139.72	$129.05	$145.87	$157.38	$171.07	$176.65	$156.74	$144.62	$186.40	<-12 mths	28.89%		38.30%	<-Total Growth	10	Stock Price Growth	38.30%	3.30%
Dividends on Shares US$				$29.50	$31.50	$33.20	$35.40	$37.50	$39.80	$41.90	$44.50	$316.00	$49.10	$51.40	$52.00	$52.00		$658.40	No of Years	10	Total Divs	12/31/14
Paid			$1,045.70	$1,027.20	$1,152.10	$1,397.20	$1,290.50	$1,458.70	$1,573.80	$1,710.70	$1,766.50	$1,567.40	$1,446.20	$1,864.00	$1,864.00	$1,864.00		$1,446.20	No of Years	10	Worth	$104.57	9.56
Total																		$2,104.60
Graham No. AEPS	$51.74	$57.10	$60.03	$60.02	$62.91	$60.69	$64.27	$66.42	$65.90	$78.79	$81.92	$79.86	$81.67	$89.77	$92.49	$95.64		36.05%	<-Total Growth	10	Graham Number AEPS		US$
Price/GP Ratio Med	1.30	1.45	1.63	1.64	1.76	2.10	2.08	2.05	2.04	2.11	2.10	2.04	1.85	1.87				2.04	<-Median->	10	Price/GP Ratio		US$
Price/GP Ratio High	1.40	1.67	1.82	1.77	1.99	2.37	2.30	2.20	2.39	2.28	2.27	2.26	2.05	2.16				2.26	<-Median->	10	Price/GP Ratio		US$
Price/GP Ratio Low	1.20	1.24	1.44	1.51	1.52	1.84	1.86	1.89	1.69	1.94	1.93	1.82	1.65	1.58				1.83	<-Median->	10	Price/GP Ratio		US$
Price/GP Ratio Close	1.35	1.60	1.74	1.71	1.83	2.30	2.01	2.20	2.39	2.17	2.16	1.96	1.77	2.08	2.02	0.00		2.08	<-Median->	10	Price/GP Ratio		US$
Prem/Disc Close	35.48%	60.39%	74.21%	71.14%	83.14%	130.21%	100.79%	119.61%	138.81%	117.11%	115.63%	96.28%	77.08%	107.65%	101.53%	-100.00%		108.21%	<-Median->	10	Graham Price
Graham No. EPS	$45.01	$53.30	$56.69	$56.43	$58.92	$15.40	$53.23	$53.50	$54.59	$70.34	$66.71	$93.92	$62.20	$90.55	$83.84	$88.77		9.72%	<-Total Growth	10	Graham Number EPS		US$
Price/GP Ratio Med	1.50	1.56	1.73	1.75	1.88	8.29	2.51	2.54	2.46	2.36	2.58	1.73	2.43	1.86				2.44	<-Median->	10	Price/GP Ratio		US$
Price/GP Ratio High	1.61	1.79	1.92	1.89	2.13	9.33	2.78	2.74	2.88	2.55	2.79	1.92	2.69	2.14				2.71	<-Median->	10	Price/GP Ratio		US$
Price/GP Ratio Low	1.38	1.33	1.53	1.61	1.63	7.26	2.24	2.35	2.04	2.18	2.37	1.55	2.16	1.57				2.17	<-Median->	10	Price/GP Ratio		US$
Price/GP Ratio Close	1.56	1.72	1.84	1.82	1.96	9.07	2.42	2.73	2.88	2.43	2.65	1.67	2.32	2.06	2.22	0.00		2.43	<-Median->	10	Price/GP Ratio		US$
Prem/Disc Close	55.73%	71.82%	84.45%	82.04%	95.54%	807.27%	142.46%	172.68%	188.30%	143.20%	164.81%	66.90%	132.49%	105.86%	122.32%	-100.00%		142.83%	<-Median->	10	Graham Price
Dividend Cdn$ *														$7.24	$119.62	$7.81			Estimates		Dividend Cdn$ *
Increase														2.54%	1551.24%	-93.47%			Estimates		Increase
Payout Ratio EPS														46.73%	899.88%	52.42%			Estimates		Payout Ratio EPS
Special Dividend Cdn$ *	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$35.58	$0.00	$0.00	$0.00	$0.00		0.00%	<-Median->	10	Special Dividends		CDN$
Dividend Cdn$ *	$2.39	$2.75	$3.20	$4.08	$4.23	$4.16	$4.83	$4.87	$5.17	$5.31	$6.03	$6.22	$7.06	$7.21	$7.29	$7.29		120.65%	<-Total Growth	10	Dividends		CDN$
Increase	4.11%	15.15%	16.23%	27.58%	3.54%	-1.53%	15.95%	0.85%	6.13%	2.76%	13.46%	3.14%	13.65%	1.99%	1.17%	0.00%		4.84%	<-Median->	10	Dividends		CDN$
Yield	3.42%	2.83%	2.64%	2.87%	2.73%	2.38%	2.74%	2.57%	2.53%	2.45%	2.52%	3.00%	3.40%	2.76%	2.79%	2.79%		7.72%	<-IRR #YR->	5	Dividends	45.06%	CDN$
Median Values		10 Yr Med	10 Yr Cl	2.65%		5 Yr M	Yield	2.53%										8.24%	<-IRR #YR->	10	Dividends	120.65%	CDN$
* Dividends per share		10 Yr Med	and Cur.	-55.99%		5 Yr Med	and Cur.	-53.84%			$1.24	130.0%	4.8%					8.68%	<-IRR #YR->	14	Dividends	242.51%	CDN$
Dividends Growth 20																		8.75%	<-IRR #YR->	20	Dividends	435.53%	CDN$
Dividends Growth 25																		11.18%	<-IRR #YR->	25	Dividends	779.88%	CDN$
Dividends Growth 30																		10.11%	<-IRR #YR->	30	Dividends		CDN$
Dividends Growth 35																		11.29%	<-IRR #YR->	35	Dividends		CDN$
Dividends Growth 40																		11.53%	<-IRR #YR->	36	Dividends
Dividends Growth 5								-$4.87	$0.00	$0.00	$0.00	$0.00	$7.06								Dividends Growth 5		CDN$
Dividends Growth 10			-$3.20	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$7.06								Dividends Growth 10		CDN$
Dividends Growth 15	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$7.06								Dividends Growth 15		CDN$
Dividends Growth 20	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$7.06								Dividends Growth 20		CDN$
Dividends Growth 25	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$7.06								Dividends Growth 25		CDN$
Dividends Growth 30	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$7.06								Dividends Growth 30		CDN$
Dividends Growth 35	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$7.06								Dividends Growth 35		CDN$
Dividends Growth 40	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$7.06								Dividends Growth 40
CBOE CDN$ JNJ												$21.15	$19.16	$24.32	$24.32	$0.00
US$ price in CDN$		$97.42	$121.31	$142.24	$154.69	$175.28	$176.05	$189.46	$204.41	$216.88	$239.25	$207.30	$208.09	$261.30	$261.30	$261.30
Assumed Price												$21.15	$19.16	$24.06	$24.33	$24.33		#DIV/0!	<-Total Growth	1	Assumed Price
												9.80	10.86	10.86
												10.20%	9.21%	9.31%	13.05%	0.00%			https://stockanalysis.com/quote/neo/JNJ/
Close Cdn$	$69.88	$97.42	$121.31	$142.24	$154.69	$175.28	$176.05	$189.46	$204.41	$216.88	$239.25	$207.30	$208.09	$261.30	$261.30	$261.30		1.89%	<-IRR #YR->	5	Stock Price	9.84%	CDN$
5 yr Period ending	12/31/12	01/11/13	12/31/14	12/31/15	12/31/16	12/31/17	12/31/18	12/31/19	12/31/20	12/31/21	12/31/22	12/31/23	12/31/24	12/31/25	12/31/26	12/31/27		5.54%	<-IRR #YR->	10	Stock Price	71.54%	CDN$
5 year IRR	4.45%	8.67%	15.35%	21.52%	21.71%	23.84%	15.88%	12.39%	10.35%	9.74%	9.06%	6.25%	8.23%					11.37%	<-Median->	32	5 year IRR		CDN$
																		8.22%	<-IRR #YR->	5	Price & Dividend	45.41%	CDN$
As a Canadian, would I have made money on this stock? Looking at 5 year periods to, including Dividends		D.  per yr	4.91%	6.33%	% Tot Ret	46.99%	76.97%											10.46%	<-IRR #YR->	10	Price & Dividend	146.28%	CDN$
Price 15		D.  per yr	4.54%		% Tot Ret	36.86%												7.78%	<-IRR #YR->	15	Stock Price	207.66%	CDN$
Price  20		D.  per yr	3.35%		% Tot Ret	39.50%												5.14%	<-IRR #YR->	20	Stock Price	172.34%	CDN$
Price  25		D.  per yr	2.81%		% Tot Ret	38.24%												4.53%	<-IRR #YR->	25	Stock Price	202.93%	CDN$
Price  30		D.  per yr	3.79%		% Tot Ret	31.34%												8.30%	<-IRR #YR->	30	Stock Price	994.54%	CDN$
Price  35		D.  per yr	4.08%		% Tot Ret	30.16%												9.44%	<-IRR #YR->	35	Stock Price
Price  40		D.  per yr	4.59%		% Tot Ret	30.90%												10.27%	<-IRR #YR->	36	Stock Price
Price & Dividend 15																		12.32%	<-IRR #YR->	15	Price & Dividend	355.94%	CDN$
Price & Dividend 20																		8.49%	<-IRR #YR->	20	Price & Dividend	315.39%	CDN$
Price & Dividend 25																		7.34%	<-IRR #YR->	25	Price & Dividend	370.54%	CDN$
Price & Dividend 30																		12.09%	<-IRR #YR->	30	Price & Dividend	1618.45%	CDN$
Price & Dividend 35																		13.52%	<-IRR #YR->	35	Price & Dividend
Price & Dividend 40																		14.86%	<-IRR #YR->	36	Price & Dividend
Price  5								-$189.46	$0.00	$0.00	$0.00	$0.00	$208.09								Price  5
Price 10			-$121.31	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$208.09								Price 10
Price & Dividend 5								-$189.46	$5.17	$5.31	$6.03	$41.79	$215.16								Price & Dividend 5
Price & Dividend 10			-$121.31	$4.08	$4.23	$4.16	$4.83	$4.87	$5.17	$5.31	$6.03	$41.79	$215.16								Price & Dividend 10
Price 15	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$208.09								Price 15
Price  20	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$208.09								Price  20
Price  25	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$208.09								Price  25
Price  30	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$208.09								Price  30
Price  35	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$208.09								Price  35
Price  40	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$208.09								Price  40
Price & Dividend 15	$2.39	$2.75	$3.20	$4.08	$4.23	$4.16	$4.83	$4.87	$5.17	$5.31	$6.03	$41.79	$215.16								Price & Dividend 15
Price & Dividend 20	$2.39	$2.75	$3.20	$4.08	$4.23	$4.16	$4.83	$4.87	$5.17	$5.31	$6.03	$41.79	$215.16								Price & Dividend 20
Price & Dividend 25	$2.39	$2.75	$3.20	$4.08	$4.23	$4.16	$4.83	$4.87	$5.17	$5.31	$6.03	$41.79	$215.16								Price & Dividend 25
Price & Dividend 30	$2.39	$2.75	$3.20	$4.08	$4.23	$4.16	$4.83	$4.87	$5.17	$5.31	$6.03	$41.79	$215.16								Price & Dividend 30
Price & Dividend 35	$2.39	$2.75	$3.20	$4.08	$4.23	$4.16	$4.83	$4.87	$5.17	$5.31	$6.03	$41.79	$215.16								Price & Dividend 35
Price & Dividend 40	$2.39	$2.75	$3.20	$4.08	$4.23	$4.16	$4.83	$4.87	$5.17	$5.31	$6.03	$41.79	$215.16								Price & Dividend 40
5 year IRR	-$65.91	-$73.27	-$67.64	-$61.75	-$66.98	-$69.88	-$97.42	-$121.31	-$142.24	-$154.69	-$175.28	-$176.05	-$189.46								5 year IRR
5 year IRR	$2.20	$2.03	$2.10	$2.30	$2.39	$2.75	$3.20	$4.08	$4.23	$4.16	$4.83	$4.87	$5.17								5 year IRR
5 year IRR	$2.03	$2.10	$2.30	$2.39	$2.75	$3.20	$4.08	$4.23	$4.16	$4.83	$4.87	$5.17	$5.31								5 year IRR
5 year IRR	$2.10	$2.30	$2.39	$2.75	$3.20	$4.08	$4.23	$4.16	$4.83	$4.87	$5.17	$5.31	$6.03								5 year IRR
5 year IRR	$2.30	$2.39	$2.75	$3.20	$4.08	$4.23	$4.16	$4.83	$4.87	$5.17	$5.31	$6.03	$41.79								5 year IRR
5 year IRR	$72.30	$100.20	$124.54	$146.35	$158.95	$179.47	$180.91	$194.35	$209.60	$222.22	$245.31	$213.55	$215.19								5 year IRR
Close US$
5 yr Period ending	12/31/12	12/31/13	12/31/14	12/31/15	12/31/16	12/31/17	12/31/18	12/31/19	12/31/20	12/31/21	12/31/22	12/31/23	12/31/24						Date		5 yr Period ending		US$
5 year IRR	4.07%	12.04%	13.27%	14.06%	15.30%	18.01%	10.08%	9.67%	11.82%	11.01%	7.39%	10.14%	6.33%					10.57%	<-Median->	10	5 year IRR		US$
Median Div Yield Beg. of period	2.43%	3.00%	3.00%	3.41%	3.43%	3.42%	2.83%	2.64%	2.87%	2.73%	2.38%	2.74%	2.57%					2.79%	<-Median->	10	Median Div Yield Beg. of period		US$
P/S Beginning of period	3.12	2.61	2.87	2.75	2.75	2.90	3.62	3.92	4.04	4.34	4.90	4.21	4.68					3.98	<-Median->	10	P/S Beginning of period		US$
P/E Beginning of Period	18.37	13.10	14.64	12.96	18.79	18.16	19.04	18.35	18.74	19.43	297.28	23.00	25.91					18.92	<-Median->	10	P/E Beginning of Period		US$
	-$66.70	-$59.86	-$64.41	-$61.94	-$65.58	-$70.10	-$91.59	-$104.57	-$102.72	-$115.21	-$139.72	-$129.05	-$145.87
	$1.80	$1.93	$2.11	$2.25	$2.40	$2.59	$2.76	$2.95	$3.15	$3.32	$3.54	$3.75	$3.98
	$1.93	$2.11	$2.25	$2.40	$2.59	$2.76	$2.95	$3.15	$3.32	$3.54	$3.75	$3.98	$4.19
	$2.11	$2.25	$2.40	$2.59	$2.76	$2.95	$3.15	$3.32	$3.54	$3.75	$3.98	$4.19	$4.45
	$2.25	$2.40	$2.59	$2.76	$2.95	$3.15	$3.32	$3.54	$3.75	$3.98	$4.19	$4.45	$31.60
	$72.50	$94.18	$107.33	$105.67	$118.36	$143.04	$132.59	$149.62	$161.36	$175.26	$181.10	$188.34	$149.53
Month, Year	Dec-12	Dec-13	Dec-14	Dec-15	Dec-16	Dec-17	Dec-18	Dec-19	Dec-20	Dec-21	Dec-22	Dec-23	Dec-24	Dec-25	Dec-26	Dec-27		36.00	<Count Years>		Month, Year		US$
pre-split 1989
pre-split 1992
pre-split 1996
pre-split 2001
Price Close US$	$70.10	$91.59	$104.57	$102.72	$115.21	$139.72	$129.05	$145.87	$157.38	$171.07	$176.65	$156.74	$144.62	$186.40	$186.40	$186.40		38.30%	<-Total Growth	10	Stock Price		US$
Increase	6.89%	30.66%	14.17%	-1.77%	12.16%	21.27%	-7.64%	13.03%	7.89%	8.70%	3.26%	-11.27%	-7.73%	28.89%	28.89%	0.00%		22.39	<-Median->	10	CAPE (10 Yr P/E)		US$
P/E	18.16	19.04	18.35	18.74	19.43	297.28	23.00	25.91	28.56	21.90	26.25	11.42	24.98	16.85	16.85	19.66		-0.17%	<-IRR #YR->	5	Stock Price	-0.86%	US$
Trailing P/E	20.09	23.73	21.74	18.02	21.02	23.56	274.57	26.00	27.95	31.05	22.62	23.29	10.54	32.19	32.19	16.85		3.30%	<-IRR #YR->	10	Stock Price	38.30%	US$
CAPE (10 Yr P/E)	16.92	16.93	16.75	16.95	17.21	20.14	21.22	22.43	24.13	24.15	24.85	22.35	22.96	22.31	25.04	24.79		6.33%	<-IRR #YR->	5	Price & Dividend	-0.73%	US$
Median 10, 5 Yrs		D.  per yr	4.83%	6.50%	% Tot Ret	59.45%	102.72%	T P/E	23.43	23.29	P/E:	23.99	24.98					8.13%	<-IRR #YR->	10	Price & Dividend	38.69%	US$
Price 15		D.  per yr	4.54%		% Tot Ret	45.03%		Year	Start.P/E	Tot Ret		CAPE Diff	-24.73%					5.54%	<-IRR #YR->	15	Stock Price	124.53%	US$
Price  20		D.  per yr	3.62%		% Tot Ret	46.23%												4.21%	<-IRR #YR->	20	Stock Price	128.04%	US$
Price  25		D.  per yr	3.21%		% Tot Ret	40.93%												4.63%	<-IRR #YR->	25	Stock Price	210.18%	US$
Price  30		D.  per yr	4.16%		% Tot Ret	33.70%												8.18%	<-IRR #YR->	30	Stock Price	956.58%	US$
Price  35		D.  per yr	4.10%		% Tot Ret	31.66%												8.85%	<-IRR #YR->	35	Stock Price		US$
Price  40		D.  per yr	4.52%		% Tot Ret	32.00%												9.61%	<-IRR #YR->	36	Stock Price		US$
Price & Dividend 15																		10.08%	<-IRR #YR->	15	Price & Dividend	245.55%	US$
Price & Dividend 20																		7.83%	<-IRR #YR->	20	Price & Dividend	263.68%	US$
Price & Dividend 25																		7.84%	<-IRR #YR->	25	Price & Dividend	403.55%	US$
Price & Dividend 30																		12.33%	<-IRR #YR->	30	Price & Dividend	1633.00%	US$
Price & Dividend 35																		12.96%	<-IRR #YR->	35	Price & Dividend		US$
Price & Dividend 40																		14.13%	<-IRR #YR->	36	Price & Dividend		US$
Price  5								-$145.87	$0.00	$0.00	$0.00	$0.00	$144.62								Price  5
Price 10			-$104.57	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$144.62								Price 10
Price & Dividend 5								-$145.87	$3.98	$4.19	$4.45	$31.60	$149.53								Price & Dividend 5
Price & Dividend 10			-$104.57	$2.95	$3.15	$3.32	$3.54	$3.75	$3.98	$4.19	$4.45	$31.60	$149.53								Price & Dividend 10
Price 15	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$144.62								Price 15
Price  20	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$144.62								Price  20
Price  25	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$144.62								Price  25
Price  30	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$144.62								Price  30
Price  35	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$144.62								Price  35
Price  40	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$144.62								Price  40
Price & Dividend 15	$2.40	$2.59	$2.76	$2.95	$3.15	$3.32	$3.54	$3.75	$3.98	$4.19	$4.45	$31.60	$149.53								Price & Dividend 15
Price & Dividend 20	$2.40	$2.59	$2.76	$2.95	$3.15	$3.32	$3.54	$3.75	$3.98	$4.19	$4.45	$31.60	$149.53								Price & Dividend 20
Price & Dividend 25	$2.40	$2.59	$2.76	$2.95	$3.15	$3.32	$3.54	$3.75	$3.98	$4.19	$4.45	$31.60	$149.53								Price & Dividend 25
Price & Dividend 30	$2.40	$2.59	$2.76	$2.95	$3.15	$3.32	$3.54	$3.75	$3.98	$4.19	$4.45	$31.60	$149.53								Price & Dividend 30
Price & Dividend 35	$2.40	$2.59	$2.76	$2.95	$3.15	$3.32	$3.54	$3.75	$3.98	$4.19	$4.45	$31.60	$149.53								Price & Dividend 35
Price & Dividend 40	$2.40	$2.59	$2.76	$2.95	$3.15	$3.32	$3.54	$3.75	$3.98	$4.19	$4.45	$31.60	$149.53								Price & Dividend 40
Price Med H/L	$67.37	$83.05	$97.85	$98.56	$110.58	$127.73	$133.62	$136.08	$134.26	$166.27	$172.08	$162.93	$150.93	$168.00				54.25%	<-Total Growth	10	Stock Price		US$
Increase	7.29%	23.28%	17.82%	0.73%	12.19%	15.51%	4.61%	1.84%	-1.34%	23.84%	3.49%	-5.32%	-7.36%	11.31%				4.43%	<-IRR #YR->	10	Stock Price	54.25%	US$
P/E	17.45	17.27	17.17	17.99	18.65	271.77	23.82	24.17	24.37	21.29	25.57	11.88	26.07	15.19				2.09%	<-IRR #YR->	5	Stock Price	10.91%	US$
Trailing P/E	19.30	21.51	20.34	17.29	20.18	21.54	284.30	24.26	23.85	30.18	22.03	24.21	11.00	29.01				9.29%	<-IRR #YR->	10	Price & Dividend		US$
P/E on Run. 5 yr Ave	15.96	19.46	21.61	21.11	21.45	28.52	28.81	29.43	29.00	33.21	27.50	20.68	19.08	18.62				8.69%	<-IRR #YR->	5	Price & Dividend		US$
P/E on Run. 10 yr Ave	18.13	20.99	23.06	22.17	23.70	29.37	30.01	29.74	28.88	32.72	32.06	26.03	24.08	24.61				19.62	P/E Ratio		Historical Median		US$
Median 10, 5 Yrs		D.  per yr	4.86%	6.59%	% Tot Ret	52.32%	75.90%	T P/E	22.94	23.85	P/E:	23.99	24.37
			-$97.85	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$150.93
								-$136.08	$0.00	$0.00	$0.00	$0.00	$150.93
			-$97.85	$2.95	$3.15	$3.32	$3.54	$3.75	$3.98	$4.19	$4.45	$31.60	$155.84
								-$136.08	$3.98	$4.19	$4.45	$31.60	$155.84
High Months	Oct	Aug	Nov	Jan	Aug	Oct	Dec	Dec	Dec	Aug	Apr	Jan	Sep	Oct
pre-split 1989
pre-split 1992
pre-split 1996
pre-split 2001
Price High	$72.52	$95.25	$109.07	$106.39	$125.40	$143.62	$147.84	$146.44	$157.38	$179.47	$186.01	$180.25	$167.38	$193.72				53.46%	<-Total Growth	10	Stock Price		US$
Increase	6.77%	31.34%	14.51%	-2.46%	17.87%	14.53%	2.94%	-0.95%	7.47%	14.04%	3.64%	-3.10%	-7.14%	15.74%				4.38%	<-IRR #YR->	10	Stock Price	53.46%	US$
P/E	18.79	19.80	19.14	19.41	21.15	305.57	26.35	26.01	28.56	22.98	27.64	13.14	28.91	17.52				2.71%	<-IRR #YR->	5	Stock Price	14.30%	US$
Trailing P/E	20.78	24.68	22.68	18.66	22.88	24.22	314.55	26.10	27.95	32.57	23.82	26.78	12.20	33.46				22.62	P/E Ratio		Historical Median		US$
Median 10, 5 Yrs								T P/E	25.16	26.78	P/E:	26.18	27.64					29.55	P/E Ratio		Historical High		US$
			-$109.07	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$167.38
								-$146.44	$0.00	$0.00	$0.00	$0.00	$167.38
Low Months	Jun	Jan	Feb	Aug	Jan	Jan	May	Jan	Mar	Mar	Feb	Oct	May	Jan
pre-split 1989
pre-split 1992
pre-split 1996
pre-split 2001
Price Low	$62.21	$70.84	$86.62	$90.73	$95.75	$111.84	$119.40	$125.72	$111.14	$153.07	$158.14	$145.60	$134.48	$142.27				55.25%	<-Total Growth	10	Stock Price		US$
Increase	7.89%	13.87%	22.28%	4.74%	5.53%	16.80%	6.76%	5.29%	-11.60%	37.73%	3.31%	-7.93%	-7.64%	5.79%				4.50%	<-IRR #YR->	10	Stock Price	55.25%	US$
P/E	16.12	14.73	15.20	16.56	16.15	237.96	21.28	22.33	20.17	19.60	23.50	10.61	23.23	12.86				1.36%	<-IRR #YR->	5	Stock Price	6.97%	US$
Trailing P/E	17.83	18.35	18.01	15.92	17.47	18.86	254.04	22.41	19.74	27.78	20.25	21.63	9.80	24.57				16.56	P/E Ratio		Historical Median		US$
Median 10, 5 Yrs								T P/E	19.99	20.25	P/E:	20.73	20.17					13.59	P/E Ratio		Historical Low		US$
			-$86.62	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$134.48
								-$125.72	$0.00	$0.00	$0.00	$0.00	$134.48
Free Cash Flow Mkt Sc									$20,189	$19,758	$17,185	$18,248	$19,842	$18,246	$22,747	$22,175			<-Total Growth	4	Free Cash Flow Mkt Sc		US$
Change										-2.13%	-13.02%	6.19%	8.74%	-8.04%	24.67%	-2.51%		2.03%	<-Median->	4	Change		US$
														$19,597	<-12 mths	-1.23%
Free Cash Flow WSJ	$12,000	$14,000	$14,757	$15,816	$15,541	$17,777	$18,531	$19,918	$20,189	$19,758	$17,185	$18,248	$19,842	$18,246	$22,747	$22,175		34.46%	<-Total Growth	10	Free Cash Flow		US$
Change	9.09%	16.67%	5.41%	7.18%	-1.74%	14.39%	4.24%	7.48%	1.36%	-2.13%	-13.02%	6.19%	8.74%	-8.04%	24.67%	-2.51%		-0.08%	<-IRR #YR->	5	Free Cash Flow MS	-0.38%	US$
FCF/CF from Op Ratio	0.78	0.80	0.80	0.82	0.81	0.84	0.83	0.85	0.86	0.84	0.81	0.80	0.82	0.56	0.01	0.63		3.01%	<-IRR #YR->	10	Free Cash Flow MS	34.46%	US$
Dividends paid	$6,668	$7,305	$7,768	$8,173	$8,621	$8,943	$9,494	$9,917	$10,481	$11,032	$11,682	$11,770	$11,823	$12,368	$12,512	$12,512		52.20%	<-Total Growth	10	Dividends paid		US$
Percentage paid				51.68%	55.47%	50.31%	51.23%	49.79%	51.91%	55.84%	67.98%	64.50%	59.59%	67.78%	55.01%	56.42%		53.69%	<-Median->	10	Percentage paid		US$
5 Year Coverage								51.55%	51.61%	51.85%	55.04%	57.59%	59.64%	62.90%	62.49%	60.23%					5 Year Coverage		US$
Dividend Coverage Ratio				1.94	1.80	1.99	1.95	2.01	1.93	1.79	1.47	1.55	1.68	1.48	1.82	1.77		1.86	<-Median->	10	Dividend Coverage Ratio		US$
5 Year of Coverage								1.94	1.94	1.93	1.82	1.74	1.68	1.59	1.60	1.66					5 Year of Coverage		US$
								-$19,918	$0	$0	$0	$0	$19,842
			-$14,757	$0	$0	$0	$0	$0	$0	$0	$0	$0	$19,842
Market Cap US$	$194,772	$258,341	$291,042	$283,010	$311,817	$374,802	$343,573	$384,004	$414,304	$449,737	$461,692	$377,285	$348,089	$448,515	$448,515	$0		19.60%	<-Total Growth	10	Market Cap		US$
Market Cap CDN$	$194,155	$274,772	$337,637	$391,896	$418,677	$470,190	$468,702	$498,744	$538,098	$570,177	$625,316	$498,998	$500,865	$628,728	$628,728	$628,728		48.34%	<-Total Growth	10	Market Cap		CDN$
pre-split 2001
Diluted # of Shares in Million	2,812.6	2,877.0	2,863.9	2,112.9	2,788.9	2,745.3	2,728.7	2,684.3	2,670.7	2,667.5	2,663.9	2,560.4	2,429.4	2,661.3				-15.17%	<-Total Growth	10	Diluted
Change	1.34%	2.29%	-0.46%	-26.22%	31.99%	-1.56%	-0.60%	-1.63%	-0.51%	-0.12%	-0.13%	-3.89%	-5.12%	9.55%				-1.08%	<-Median->	10	Change
Difference Diluted/Basic	-2.1%	-2.4%	-1.7%	31.2%	-1.9%	-1.9%	-1.7%	-1.5%	-1.4%	-1.4%	-1.5%	-1.1%	-0.9%	-1.1%				-1.45%	<-Median->	10	Difference Diluted/Basic
pre-split 2001
Basic # of Shares in Millions	2,753.3	2,809.2	2,815.2	2,771.8	2,737.3	2,692.0	2,681.5	2,645.1	2,632.8	2,628.9	2,625.2	2,533.5	2,407.3	2,633.0				-14.49%	<-Total Growth	10	Basic
Change	0.63%	2.03%	0.21%	-1.54%	-1.24%	-1.65%	-0.39%	-1.36%	-0.47%	-0.15%	-0.14%	-3.49%	-4.98%	9.38%				-1.30%	<-Median->	10	Change
Difference Basic/Outstanding	0.9%	0.4%	-1.1%	-0.6%	-1.1%	-0.4%	-0.7%	-0.5%	0.0%	0.0%	-0.4%	-5.0%	0.0%	-8.6%				-0.46%	<-Median->	10	Difference Basic/Outstanding
														$24,204	<-12 mths	-0.26%
Shares				3,119.8	3,119.8	3,119.8	3,119.8	3,119.8	3,119.8	3,119.8	3,119.8	3,119.8	3,119.8
Shares less Treasury shares				2,755.2	2,706.5	2,682.5	2,662.3	2,632.5	2,632.5	2,629.0	2,613.6	2,407.1	2,406.9	2,406.2
pre-split 1997
pre-split 2001
# of Share in Millions	2,778.5	2,820.6	2,783.2	2,755.2	2,706.5	2,682.5	2,662.3	2,632.5	2,632.5	2,629.0	2,613.6	2,407.1	2,406.9	2,406.2	2,406.2	2,406.2		-1.44%	<-IRR #YR->	10	Shares	-13.52%	Issued less
Change	2.00%	1.52%	-1.33%	-1.01%	-1.77%	-0.89%	-0.75%	-1.12%	0.00%	-0.13%	-0.58%	-7.90%	-0.01%	-0.03%	0.00%	0.00%		-1.78%	<-IRR #YR->	5	Shares	-8.57%	See TD
CF fr Op $M	$15,396	$17,414	$18,471	$19,279	$19,279	$21,056	$22,201	$23,416	$23,536	$23,410	$21,194	$22,791	$24,266	$32,772	$3,034,212	$35,371		31.37%	<-Total Growth	10	Cash Flow		US$
Increase	7.68%	13.11%	6.07%	4.37%	0.00%	9.22%	5.44%	5.47%	0.51%	-0.54%	-9.47%	7.54%	6.47%	35.05%	9158.44%	-98.83%		SO, S. Iss	Buy Backs				US$
5 year Running Average	$15,524	$16,013	$16,393	$16,972	$17,968	$19,100	$20,057	$21,046	$21,898	$22,724	$22,751	$22,869	$23,039	$24,887	$627,047	$629,882		40.55%	<-Total Growth	10	CF 5 Yr Running		US$
CFPS	$5.54	$6.17	$6.64	$7.00	$7.12	$7.85	$8.34	$8.89	$8.94	$8.90	$8.11	$9.47	$10.08	$13.62	$1,261.00	$14.70		51.91%	<-Total Growth	10	Cash Flow per Share		US$
Increase	5.57%	11.42%	7.50%	5.44%	1.80%	10.19%	6.24%	6.67%	0.51%	-0.40%	-8.93%	16.76%	6.48%	35.10%	9158.44%	-98.83%		2.77%	<-IRR #YR->	10	Cash Flow	31.37%	US$
5 year Running Average	$5.64	$5.79	$5.92	$6.12	$6.49	$6.96	$7.39	$7.84	$8.23	$8.59	$8.64	$8.86	$9.10	$10.60	$10.60	$10.60		0.72%	<-IRR #YR->	5	Cash Flow	3.63%	US$
P/CF on Med Price	12.16	13.45	14.74	14.09	15.52	16.27	16.02	15.30	15.02	18.67	21.22	17.21	14.97	12.33	0.00	0.00		4.27%	<-IRR #YR->	10	Cash Flow per Share	51.91%	US$
P/CF on Closing Price	12.65	14.84	15.76	14.68	16.17	17.80	15.48	16.40	17.60	19.21	21.78	16.55	14.34	13.69	0.15	0.00		2.54%	<-IRR #YR->	5	Cash Flow per Share	13.34%	US$
															-13.24%	Diff M/C		4.40%	<-IRR #YR->	10	CFPS 5 yr Running	53.81%	US$
Excl.Working Capital CF	$1,969	$941	$1,066	-$1,339	$1,773	-$11,241	-$3	-$3,865	-$2,690	$4,238	$4,011	-$2,507	-$1,837	$0	$0	$0		3.03%	<-IRR #YR->	5	CFPS 5 yr Running	16.07%	US$
CF fr Op $M WC	$17,365	$18,355	$19,537	$17,940	$21,052	$9,815	$22,198	$19,551	$20,846	$27,648	$25,205	$20,284	$22,429	$32,772	$3,034,212	$35,371		14.80%	<-Total Growth	10	Cash Flow less WC		US$
Increase	37.31%	5.70%	6.44%	-8.17%	17.35%	-53.38%	126.16%	-11.92%	6.62%	32.63%	-8.84%	-19.52%	10.57%	46.12%	9158.44%	-98.83%		1.39%	<-IRR #YR->	10	Cash Flow less WC	14.80%	US$
5 year Running Average	$15,786	$16,171	$17,032	$17,169	$18,850	$17,340	$18,108	$18,111	$18,692	$20,012	$23,090	$22,707	$23,282	$25,668	$626,980	$629,014		2.78%	<-IRR #YR->	5	Cash Flow less WC	14.72%	US$
CFPS Excl. WC	$6.25	$6.51	$7.02	$6.51	$7.78	$3.66	$8.34	$7.43	$7.92	$10.52	$9.64	$8.43	$9.32	$13.62	$1,261.00	$14.70		3.18%	<-IRR #YR->	10	CF less WC 5 Yr Run	36.70%	US$
Increase	34.61%	4.12%	7.87%	-7.24%	19.46%	-52.96%	127.88%	-10.93%	6.62%	32.81%	-8.30%	-12.62%	10.58%	46.16%	9158.44%	-98.83%		5.15%	<-IRR #YR->	5	CF less WC 5 Yr Run	28.55%	US$
5 year Running Average	$5.73	$5.84	$6.14	$6.19	$6.81	$6.30	$6.66	$6.74	$7.02	$7.57	$8.77	$8.79	$9.16	$10.31	$260.40	$261.41		2.87%	<-IRR #YR->	10	CFPS - Less WC	32.75%	US$
P/CF on Med Price	10.78	12.76	13.94	15.14	14.22	34.91	16.03	18.32	16.95	15.81	17.84	19.33	16.20	12.33	0.00	0.00		4.64%	<-IRR #YR->	5	CFPS - Less WC	25.47%	US$
P/CF on Closing Price	11.22	14.07	14.90	15.78	14.81	38.19	15.48	19.64	19.87	16.27	18.32	18.60	15.52	13.69	0.15	0.00		4.08%	<-IRR #YR->	10	CFPS 5 yr Running	49.16%	US$
*Operational Cash Flow per share			CF/-WC	P/CF Med	10 yr	15.77	5 yr	17.21	P/CF Med	10 yr	16.58	5 yr	16.95		-17.44%	Diff M/C		6.33%	<-IRR #YR->	5	CFPS 5 yr Running	35.92%	US$
From 2010, go o/s Shares
from TD, statement says shares			-2,783.2	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	2,406.9								Shares		US$
in 2016 is 2.7B								-2,632.5	0.0	0.0	0.0	0.0	2,406.9								Shares		US$
which is shares issued less			-$18,471	$0	$0	$0	$0	$0	$0	$0	$0	$0	$24,266								Cash Flow		US$
Treasury stock.								-$23,416	$0	$0	$0	$0	$24,266								Cash Flow		US$
			-$6.64	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$10.08								Cash Flow per Share		US$
								-$8.89	$0.00	$0.00	$0.00	$0.00	$10.08								Cash Flow per Share		US$
			-$5.92	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$9.10								CFPS 5 yr Running		US$
								-$7.84	$0.00	$0.00	$0.00	$0.00	$9.10								CFPS 5 yr Running		US$
			-$19,537	$0	$0	$0	$0	$0	$0	$0	$0	$0	$22,429								Cash Flow less WC		US$
								-$19,551	$0	$0	$0	$0	$22,429								Cash Flow less WC		US$
			-$17,032	$0	$0	$0	$0	$0	$0	$0	$0	$0	$23,282								CF less WC 5 Yr Run		US$
								-$18,111	$0	$0	$0	$0	$23,282								CF less WC 5 Yr Run		US$
			-$7.02	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$9.32								CFPS - Less WC		US$
								-$7.43	$0.00	$0.00	$0.00	$0.00	$9.32								CFPS - Less WC		US$
			-$6.14	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$9.16								CFPS 5 yr Running		US$
								-$6.74	$0.00	$0.00	$0.00	$0.00	$9.16								CFPS 5 yr Running		US$
Changes In Assets and Liab.
Increase in accounts receivable		-$632	-$247	-$433	-$1,065	-$633	-$1,185	-$289	$774	-$2,402	-$1,290	-$624	-$406
Increase in inventories		-$622	-$1,120	-$449	-$249	$581	-$644	-$277	-$265	-$1,248	-$2,527	-$1,323	-$1,128
Increase in accounts payable and accrd liabilities		$1,821	$955	-$3	$656	$2,725	$3,951	$4,060	$5,141	$2,437	$1,098	$2,346	$1,621
Decrease/(Increase) in other current and non-current assets/td>		-$1,806	$442	$65	$18	-$411	-$275	-$1,054	-$3,704	-$1,964	$687	-$3,480	$1,717
(Decrease)/Increase in other current and non-current liabilities		$298	-$1,096	$2,159	-$1,133	$8,979	-$1,844	$1,425	$744	-$1,061	-$1,979	$5,588	$33
Sum		-$941	-$1,066	$1,339	-$1,773	$11,241	$3	$3,865	$2,690	-$4,238	-$4,011	$2,507	$1,837
Google --> Morningstar	-$1,969	-$941	-$1,066	$1,339	-$1,773	$11,241	$3	$3,865	$2,690	-$4,238	-$4,011	$2,507	$1,837
Differnce		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Morningstar		-$941	-$1,066	-$1,339	-$1,773
Differnce		$0	$0	$2,678	$0
OPM	22.90%	24.42%	24.85%	27.51%	26.82%	27.54%	27.21%	28.54%	28.50%	24.96%	22.32%	26.76%	27.32%	34.96%				9.94%	<-Total Growth	10	OPM		US$
Increase	4.17%	6.62%	1.76%	10.72%	-2.53%	2.70%	-1.19%	4.86%	-0.13%	-12.41%	-10.58%	19.89%	2.08%	27.95%					Should increase		or be stable.		US$
Diff from Median	-16.0%	-10.4%	-8.9%	0.9%	-1.6%	1.0%	-0.2%	4.7%	4.5%	-8.4%	-18.1%	-1.8%	0.2%	28.2%				0.00	<-Median->	10	OPM		US$
*Operational Profit Margin (CF/Revenue) Ratio									OPM	10 Yrs	27.27%	5 Yrs	26.76%					should be	zero, it is a		check on calculations		US$
EBITDA								$27,979	$27,145	$36,634	$32,630	$30,414	$29,288	$33,875	$35,889	$37,740			<-Total Growth	5	EBITDA		US$
Change									-2.98%	34.96%	-10.93%	-6.79%	-3.70%	15.66%	5.95%	5.16%		-3.70%	<-Median->	5	Change		US$
Margin								34.10%	32.87%	39.07%	34.37%	35.71%	32.97%	36.13%	36.48%	36.60%		34.23%	<-Median->	6	Margin		US$
EBIT									$24,574	$29,244	$29,965	$27,460	$26,466	$30,796	$32,799	$34,988			<-Total Growth	4	EBIT		US$
Change										19.00%	2.47%	-8.36%	-3.62%	16.36%	6.50%	6.67%		-0.58%	<-Median->	4	Change		US$
Margin									29.76%	31.19%	31.56%	32.25%	29.80%	32.85%	33.34%	33.93%		31.19%	<-Median->	5	Margin		US$
Long Term Debt			$15,122	$12,857	$22,442	$30,675	$27,684	$26,494	$32,635	$29,985	$26,886	$25,881	$30,651	$39,408							Debt		US$
Change				-14.98%	74.55%	36.69%	-9.75%	-4.30%	23.18%	-8.12%	-10.34%	-3.74%	18.43%	28.57%				-4.02%	<-Median->	10	Change		US$
Long Term Debt/ Market Cap Ratio			0.05	0.05	0.07	0.08	0.08	0.07	0.08	0.07	0.06	0.07	0.09	0.09				0.07	<-Median->	10	% of Market C.		US$
Assets/Current Liabilities Ratio			5.23	4.81	5.37	5.15	4.90	4.39	4.12	4.02	3.36	3.62	3.58	3.79				4.25	<-Median->	10	Assets/Current Liab Ratio		US$
Current Liabilities/Asset Ratio			0.19	0.21	0.19	0.19	0.20	0.23	0.24	0.25	0.30	0.28	0.28	0.26				0.24	<-Median->	10	Current Liab/Asset Ratio		US$
Debt to Cash Flow (Years)			0.82	0.67	1.16	1.46	1.25	1.13	1.39	1.28	1.27	1.14	1.26	1.20				1.26	<-Median->	10	Debt to Cash Flow (Years)		US$
Intangible	$28,752	$27,947	$27,222	$25,764	$26,876	$53,228	$47,611	$47,643	$53,402	$46,392	$38,489	$34,175	$37,618	$48,737				38.19%	<-Total Growth	10	Intangibles		US$
Goodwill	$22,424	$22,798	$21,832	$21,629	$22,805	$31,906	$30,453	$33,639	$36,393	$35,246	$36,047	$36,558	$44,200	$48,048				102.46%	<-Total Growth	10	Goodwill		US$
Total	$51,176	$50,745	$49,054	$47,393	$49,681	$85,134	$78,064	$81,282	$89,795	$81,638	$74,536	$70,733	$81,818	$96,785				66.79%	<-Total Growth	10	Total		US$
Change		-0.84%	-3.33%	-3.39%	4.83%	71.36%	-8.30%	4.12%	10.47%	-9.08%	-8.70%	-5.10%	15.67%	18.29%				0.37%	<-Median->	10	Change		US$
Intangibles/ Market Cap Ratio	0.26	0.20	0.17	0.17	0.16	0.23	0.23	0.21	0.22	0.18	0.16	0.19	0.24	0.22				0.21	<-Median->	10	% of Market C.		US$
Current Assets	$46,116	$56,407	$59,311	$60,210	$65,032	$43,088	$46,933	$45,274	$51,237	$60,979	$55,294	$53,495	$55,893	$54,611				Liquidity ratio of 1.5 and up, best					US$
Current Liabilities	$24,262	$25,675	$25,085	$27,747	$26,287	$30,537	$31,230	$35,964	$42,493	$45,226	$55,802	$46,282	$50,321	$50,869				1.30	<-Median->	10	Ratio		US$
Liquidity	1.90	2.20	2.36	2.17	2.47	1.41	1.50	1.26	1.21	1.35	0.99	1.16	1.11	1.07				1.16	<-Median->	5	Ratio		US$
Liq. with CF aft div	2.26	2.59	2.79	2.57	2.88	1.81	1.91	1.64	1.51	1.62	1.16	1.40	1.36	1.47				1.40	<-Median->	5	Ratio		US$
Liq. CF re  Inv+Div	1.91	2.16	1.87	2.01	2.44	1.22	1.74	1.40	1.02	1.36	0.95	1.43	0.99	1.47				1.02	<-Median->	5	Ratio		US$
Assets	$121,347	$132,683	$131,119	$133,411	$141,208	$157,303	$152,954	$157,728	$174,894	$182,018	$187,378	$167,558	$180,104	$192,816				Debt Ratio of 1.5 and up, best					US$
Liabilities	$56,521	$58,630	$61,367	$62,261	$70,790	$97,143	$93,202	$98,257	$111,616	$107,995	$110,574	$98,784	$108,614	$113,539				1.67	<-Median->	10	Ratio		US$
Debt Ratio	2.15	2.26	2.14	2.14	1.99	1.62	1.64	1.61	1.57	1.69	1.69	1.70	1.66	1.70				1.69	<-Median->	5	Ratio		US$
Estimates BVPS														$32.63	$36.43	$40.77			Estimates		Estimates BVPS
Estimate Book Value														$78,514	$87,658	$98,101			Estimates		Estimate Book Value
P/B Ratio (Close)														5.71	5.12	0.00			Estimates		P/B Ratio (Close)
Difference from 10 year median															0.24%	Diff M/C			Estimates		Difference from 10 yr med.
Book Value	$64,826	$74,053	$69,752	$71,150	$70,418	$60,160	$59,752	$59,471	$63,278	$74,023	$76,804	$68,774	$71,490	$79,277	$79,277	$79,277		2.49%	<-Total Growth	10	Book Value		US$
pre-split 2001
Book Value per Share	$23.33	$26.25	$25.06	$25.82	$26.02	$22.43	$22.44	$22.59	$24.04	$28.16	$29.39	$28.57	$29.70	$32.95	$32.95	$32.95		18.52%	<-Total Growth	10	Book Value per Share		US$
Change	11.34%	12.53%	-4.54%	3.04%	0.75%	-13.80%	0.08%	0.66%	6.40%	17.14%	4.37%	-2.77%	3.96%	10.93%	0.00%	0.00%		-0.73%	P/B Ratio		Current/10 Year Median		US$
P/B Ratio (Median)	2.89	3.16	3.90	3.82	4.25	5.70	5.95	6.02	5.59	5.91	5.86	5.70	5.08	5.10				5.46	P/B Ratio		Historical Median
P/B Ratio (Close)	3.00	3.49	4.17	3.98	4.43	6.23	5.75	6.46	6.55	6.08	6.01	5.49	4.87	5.66	5.66	0.00		1.71%	<-IRR #YR->	10	Book Value	18.52%	US$
Change	-4.00%	16.11%	19.60%	-4.67%	11.32%	40.69%	-7.71%	12.30%	1.40%	-7.20%	-1.06%	-8.74%	-11.24%	16.19%	0.00%	-100.00%		5.63%	<-IRR #YR->	5	Book Value	31.48%	US$
Leverage (A/BV)	1.87	1.79	1.88	1.88	2.01	2.61	2.56	2.65	2.76	2.46	2.44	2.44	2.52	2.43				2.46	<-Median->	5	A/BV		US$
Debt/Equity Ratio	0.87	0.79	0.88	0.88	1.01	1.61	1.56	1.65	1.76	1.46	1.44	1.44	1.52	1.43				1.46	<-Median->	5	Debt/Eq R.		US$
Sharerholders Equity (Assets less liabilities)									P/BV	10 yr Med	5.70	5 yr Med	5.70		-0.73%	Diff M/C		1.88	Historical		Leverage (A/BK)
			-$25.06	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$29.70
								-$22.59	$0.00	$0.00	$0.00	$0.00	$29.70
														$25,900	<-12 mths	74.39%
Comprehensive Income	$10,675	$16,781	$8,461	$12,966	$14,804	$3,002	$13,506	$14,450	$15,363	$23,062	$18,032	$30,412	$14,852					75.53%	<-Total Growth	10	Comprehensive Income		US$
Increase	41.00%	57.20%	-49.58%	53.24%	14.18%	-79.72%	349.90%	6.99%	6.32%	50.11%	-21.81%	68.66%	-51.16%					6.32%	<-Median->	5	Comprehensive Income		US$
5 Yr Running Average	$10,786	$12,410	$11,270	$11,291	$12,737	$11,203	$10,548	$11,746	$12,225	$13,877	$16,883	$20,264	$20,344					5.79%	<-IRR #YR->	10	Comprehensive Income	75.53%	US$
ROE	16.5%	22.7%	12.1%	18.2%	21.0%	5.0%	22.6%	24.3%	24.3%	31.2%	23.5%	44.2%	20.8%					0.55%	<-IRR #YR->	5	Comprehensive Income	2.78%	US$
5Yr Median	20.4%	22.7%	16.5%	16.5%	18.2%	18.2%	18.2%	21.0%	22.6%	24.3%	24.3%	24.3%	24.3%					6.08%	<-IRR #YR->	10	5 Yr Running Average	80.52%	US$
% Difference from NI	1.5%	21.3%	-48.2%	-15.9%	-10.5%	130.9%	-11.7%	-4.4%	4.4%	10.5%	0.5%	-13.5%	5.6%					11.61%	<-IRR #YR->	5	5 Yr Running Average	73.21%	US$
Median Values										Diff	5, 10 yr	-2.0%	4.4%					24.3%	<-Median->	5	Return on Equity		US$
			-$8,461	$0	$0	$0	$0	$0	$0	$0	$0	$0	$14,852
								-$14,450	$0	$0	$0	$0	$14,852
			-$11,270	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$0.0	$20,344
								-$11,746	$0.0	$0.0	$0.0	$0.0	$20,344
Current Liability Coverage Ratio	0.72	0.71	0.78	0.65	0.80	0.32	0.71	0.54	0.49	0.61	0.45	0.44	0.45	0.64							CFO / Current Liabilities		US$
5 year Median	0.72	0.71	0.72	0.71	0.72	0.71	0.71	0.65	0.54	0.54	0.54	0.49	0.45	0.45				0.52	<-Median->	10	Current Liability Cov Ratio		US$
Asset Efficiency Ratio	14.31%	13.83%	14.90%	13.45%	14.91%	6.24%	14.51%	12.40%	11.92%	15.19%	13.45%	12.11%	12.45%	17.00%							CFO / Total Assets		US$
5 year Median	16.09%	14.31%	14.31%	13.83%	14.31%	13.83%	14.51%	13.45%	12.40%	12.40%	13.45%	12.40%	12.45%	13.45%				13.0%	<-Median->	10	Return on Assets		US$
Return on Assets ROA	8.66%	10.42%	12.45%	11.55%	11.71%	0.83%	10.00%	9.59%	8.41%	11.47%	9.57%	20.98%	7.81%	13.85%				Net	Income/Assets		Return on Assets		US$
5Yr Median	12.95%	10.42%	10.42%	10.42%	11.55%	11.55%	11.55%	10.00%	9.59%	9.59%	9.59%	9.59%	9.57%	11.47%				9.8%	<-Median->	10	Asset Efficiency Ratio		US$
Return on Equity ROE	16.22%	18.68%	23.40%	21.66%	23.49%	2.16%	25.60%	25.42%	23.25%	28.20%	23.36%	51.11%	19.68%	33.70%				Net Inc/	Shareholders' equity		Return on Equity		US$
5Yr Median	23.57%	18.68%	18.68%	18.68%	21.66%	21.66%	23.40%	23.49%	23.49%	25.42%	25.42%	25.42%	23.36%	28.20%				23.4%	<-Median->	10	Return on Equity		US$
														$25,119	<-12 mths	78.58%
Net Income	$10,514	$13,831	$16,323	$15,409	$16,540	$1,300	$15,297	$15,119	$14,714	$20,878	$17,941	$35,153	$14,066	$26,713	$22,340	$23,256		-13.83%	<-Total Growth	10	Net Income		US$
Increase	8.71%	31.55%	18.02%	-5.60%	7.34%	-92.14%	1076.69%	-1.16%	-2.68%	41.89%	-14.07%	95.94%	-59.99%	89.91%	-16.37%	4.10%		EPS/CF Ratio should not be higher than 1.00					US$
5 Yr Running Average	$11,747	$11,923	$12,735	$13,150	$14,523	$12,681	$12,974	$12,733	$12,594	$13,462	$16,790	$20,761	$20,550	$22,950	$23,243	$24,306		-1.48%	<-IRR #YR->	10	Net Income	-13.83%	US$
Operating Cash Flow	$15,396	$17,414	$18,471	$19,279	$19,279	$21,056	$22,201	$23,416	$23,536	$23,410	$21,194	$22,791	$24,266					-1.43%	<-IRR #YR->	5	Net Income	-6.96%	US$
Investment Cash Flow	-$4,510	-$5,163	-$12,305	-$7,735	-$4,761	-$14,868	-$3,167	-$6,194	-$20,825	-$8,683	-$12,371	$878	-$18,599					4.90%	<-IRR #YR->	10	5 Yr Running Average	61.37%	US$
Total Accruals	-$372	$1,580	$10,157	$3,865	$2,022	-$4,888	-$3,737	-$2,103	$12,003	$6,151	$9,118	$11,484	$8,399					10.05%	<-IRR #YR->	5	5 Yr Running Average	61.39%	US$
Total Assets	$121,347	$132,683	$131,119	$133,411	$141,208	$157,303	$152,954	$157,728	$174,894	$182,018	$187,378	$167,558	$180,104						Balance Sheet		Assets		US$
Accruals Ratio	-0.31%	1.19%	7.75%	2.90%	1.43%	-3.11%	-2.44%	-1.33%	6.86%	3.38%	4.87%	6.85%	4.66%					4.87%	<-Median->	5	Ratio		US$
EPS/CF Ratio	0.62	0.74	0.81	0.84	0.76	0.13	0.67	0.76	0.70	0.74	0.70	1.63	0.62					0.72	<-Median->	10	EPS/CF Ratio		US$
			-$16,323	$0	$0	$0	$0	$0	$0	$0	$0	$0	$14,066
								-$15,119	$0	$0	$0	$0	$14,066
			-$12,735	$0	$0	$0	$0	$0	$0	$0	$0	$0	$20,550
								-$12,733	$0	$0	$0	$0	$20,550
Change in Close	6.89%	30.66%	14.17%	-1.77%	12.16%	21.27%	-7.64%	13.03%	7.89%	8.70%	3.26%	-11.27%	-7.73%	28.89%	0.00%	0.00%			Count	33	Years of data
up/down				Down						down			down						Count	8	24.24%
Meet Prediction?																		% right	Count	1	12.50%
Financial Cash Flow	-$20,562	-$6,091	-$12,260	-$10,846	-$8,551	-$7,673	-$18,510	-$18,015	-$6,120	-$14,047	-$8,871	-$15,825	-$3,132						C F Statement		Financial Cash Flow		US$
Total Accruals	$20,190	$7,671	$22,417	$14,711	$10,573	$2,785	$14,773	$15,912	$18,123	$20,198	$17,989	$27,309	$11,531								Accruals		US$
Accruals Ratio	16.64%	5.78%	17.10%	11.03%	7.49%	1.77%	9.66%	10.09%	10.36%	11.10%	9.60%	16.30%	6.40%					10.36%	<-Median->	5	Ratio		US$
Cash	$14,911	$20,927	$14,523	$13,732	$18,972	$17,824	$18,197	$17,305	$13,985	$14,487	$14,127	$21,859	$24,105	$18,231							Cash		US$
Cash per Share	$5.37	$7.42	$5.22	$4.98	$7.01	$6.64	$6.84	$6.57	$5.31	$5.51	$5.41	$9.08	$10.01	$7.58				$5.51	<-Median->	5	Cash per Share		US$
Percentage of Stock Price	7.66%	8.10%	4.99%	4.85%	6.08%	4.76%	5.30%	4.51%	3.38%	3.22%	3.06%	5.79%	6.92%	4.06%				3.38%	<-Median->	5	% of Stock Price		US$
Notes
October 29, 2025.  Last estimates were for 2024, 2025, 2026 of $88786M, $91229M, $94615M Revenue, $9.95, $10.63, $11.28 AEPS, $7.20, $8.64, $9.27 EPS,
$4.88, $5.09, $5.30 Dividends, $17573M, $22449M, $22201M FCF, $10.20, $10.29, $12.98 CFPS, $29972m, $32575M, $34756M EBITDA, $30.08, $32.95, $36.25 BVPS, $19236M, $20383M, $21751M Net Income.
October 26, 2024.  Last estimates were for 2023, 2024 and 2025 of $84752M, $87704M, $90100M Revenue, $10.09, $10.80, $11.22 AEPS, $6.73, $8.63, $9.63 EPS,
$4.73, $4.89, $4.96 Dividend, $19,751M< $11676M, $23228M FCF, $10.20, $10.40, $11.20 CFPS, $30.70, $34.20, $37.30 BVPS, $15.525m, $21150M, $22151M Net Income.
October 27, 2023.  Last estimates were for 2022, 2023 and 2024 of $95038M, $97686M, $100178M for Revenue, $10.05, $10.36 and $10.75 for AEPS, $7.94,
$8.78 and $9.32 for EPS $4.37, $4.61 and $4.84 for Dividends, $19850M, $25850M and $25665M for FCF, $10.60, $11.40 and $12.20 for CFPS, and $20.677M, $22440M and $23719M for Net Income.
May 2023.  JNJ spun off consumer health business now called Kenvue. After the spin-off JNJ shareholders will have shares in both JNJ and Kenvue.
Stock Symbol for Kenvue is NYSE:KVUE.
Kimberly-Clark is buying Kenvue.  On May 4, 2023, Kvue was worth 26.90.
October 30, 2022.  Last estimates were for $94279M, $97743M and $101520M for Revenue, $9.80, $10.33 and $10.94 for AEPS, $8.29, $9.30 and $9.79 for EPS,
$4.16, $4.44 and $4.65 for Dividends, $19898M, $25729M and $26777M for FCF, $9.16, $11.30 and $12.10 for CFPS, and $22540M, $23391M and $25049M for Net Income.
Decided not to do this stock in Feb as it was only in Oct I had done it before.
February 6, 2021.  Last estimates were for
October 28, 2021.  Last estimates were for 2020, 2021 and 2022 of $81814M, $88324M and $92567M for Revenue, $8.01, $9.00 and $9.80 for Adj EPS, $6.08, $7.52 and $7.74 for EPS,
$3.98, $4.25 and $4.47 for Dividends, $15832, $21821M and $24533M for FCF, $7.69, $9.88 and $11.60 for CFPS, $15967M, $18332M and $19741M for Net Income.
November 7, 2020.  Last estimates were for 2019, 2020 and 2021 of $82218M, $85294M and $89527M for Revenue, $8.37, $8.37 for Adj EPS for 2019 and 2020,
$6.47, $7.41 and $8.85 for EPS, $9.00, $10.90 and $10.90 for CFPS and $16943M, $19579M and $21585M for Net Income
November 10, 2019.  Last estimates were for 2018, 2019 and 2020 of  $81366M, $82870M and $86759M for Revenue, $7.86, $8.37 and $8.37 for EPS,
$8.53, $10.50 and $10.90 for CFPS and $18277M, $20787M and $13633 for Net Income.
November 11, 2018.  Last estimates were for 2017, 2018 and 2019 of $76361M, $80672M and $84058M for Revenue, $7.28, $7.86 and $8.57 for Adj EPS,
$5.96, $7.25 and $8.00 for EPS, $7.03, $9.07 and $9.65 for CFPS, $16391M, $19573M and $21612M for Net Income.
November 18, 2017.  Last estimates were for 2016, 2017 and 2018 of 72080M, $75592M and $78247M for Revenue, $6.72, $7.15 and $7.66 for Adjusted EPS,
$5.98, $6.52 andf $6.52 for EPS, $6.54 and $8.16 for CFPS for 2016 and 2017 and $16117M and $17427M for 2016 and 2017 for Net Income.
November 19, 2016.  Last estimtes were for 2015, 2016 and 2017 of $70173M, $72312M and $75389M for Revenue, $6.12, $6.69 for 2015 and 2016 of Adjusted EPS,
$5.63, $5.989 and $6.52 for EPS, $6.54, $7.52 and $8.16 for CFPS, $15985M, $16117M and $17417M for Net Income.
November 22, 2015.  Last estimates were for 2014, 2015 and 2016 of $74796, $75748 and $78493 for Revenue, $5.80, $6.08 and $6.64 for EPS,
$6.88, $7.64 and $8.28 for CFPS and $16608M, $17424M and $19021M for Net Income.
November 25, 2014.  Last estimates were for 70898M, 73921M and $77198M for revenue, $5.48, $5.84 and $6.24 for Adjusted Earnings, $3.96 for EPS for 2013, $5.55,  $6.89 and $7.10 for CFPS.
November 2, 2013.  Last estimates were for 2012 and 2013 and were $67,166M and $72,120M for revenue, Adjusted earnings of $5.06 and $5.47, EPS of $3.52 and $3.96.
Sep 11, 2012.  Last estimates were for 2011 and 2012 of EPS $4.84 and $5.12 USD
Feb 19, 2011.  I noticed that my number of shares were off and corrected them.  The further back I went the closer where the share No. I had.  I obvious do not know how to get No. of shares
from JNJ annual statements.  The current share number times stock price is now close to market cap of a number of sites. Dec 2010 figures are from unaudited statements.
However, so far JNJ has only put out income statement.
2006. Stock is going no where, so I am selling.
AP 2005.  I sometimes wonder if I did the right thing to buy this stock.  Looking at reports Srandard and Poor rating it a buy as do Vickers.  I will hold for now.  Dividends are good.
JNJ traces its roots back 128 years, to 1886, when it was founded by three brothers: Robert Wood Johnson, James Wood Johnson and Edward Mead Johnson, in New Brunswick, New Jersey.
Johnson & Johnson began trading publicly in 1944.
Increased it dividends for 54 years in 2016.
JOHNSON & JOHNSON CDR (CAD HEDG (JNJ.NE)) is a Canadian-dollar-denominated and Canadian-dollar-hedged structure that represents shares of
Johnson & Johnson (JNJ), a global healthcare company, and trades on the NEO Exchange in Canada. The "CDR" stands for Canadian Depositary Receipt,
and the "CAD HEDG" indicates the investment is denominated in Canadian dollars and its currency exchange rate fluctuations relative to the U.S. dollar
are hedged to reduce risk for Canadian investors
Sector
Health Care, Consumers
What should this stock accomplish?
Would I buy this company and Why.
If I were looking for a US stock to buy I would consider this stock.
Why am I following this stock.
As Canadians, we are told we should be buying US stocks for our portfolio.  It is often recommended that we have at least 25% of our portfolio in US stocks.  I have never followed this,
although I have tried dipping into the US market, but I have never made any money there.  I bought some of this stock in June 2005 and realized a year later, in June of 2006 that it was going nowhere for
me and sold.  I lost almost 17% of my investment.  When I bought in 2005, all the analysts were saying that it was a good buy at that time.
Dividends
It is in cycle 3.  Dividends are declared in the prior month.  Dividends are paid in March,  June, September and December.
For example, the dividend declared for shareholders of record of February 26, 2013 was paid on March 12, 2013.
How they make their money.
Johnson & Johnson operates through pharmaceuticals, medical devices, and consumer products divisions
For most ratios, lower is better when looking for a good stock price.  However, there are exceptions such as for yield and asset/liability ratios and here you want a higher ratios to indicate a good stock price.
Also, for the Operational Profit Margin, a higher percentage is better.  With the OPM, you should only compare companies in similar industries.
Copyright © 2008 Website of SPBrunner. All rights reserved.
Shares; '%, Value $M	%, Val $M	Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M	Shares	%, Val $M			Shares	%, Val $M			Change
Date	2017	Nov 11	2018	Nov 10	2019	Nov 7	2020	Oct 28	2021	Oct 30	2022	Oct 27	2023	Oct 26	2024			Oct 29	2025
Duato, Joaquin		0.094	0.004%	0.115	0.004%	0.177	0.007%	0.197	0.007%	0.247	0.009%	0.305	0.013%	0.000	0.000%			0.408	0.017%		Now also Chair	#DIV/0!
Chair & CEO - Shares - Amount			$12.157		$16.827		$27.882		$33.665		$43.590		$47.862		$0.000				$76.013		2024 shows no shares
Options - percentage		0.000	0.000%	0.211	0.008%	0.016	0.001%	0.011	0.000%	0.008	0.000%	0.000	0.000%	0.000	0.000%			0.000	0.000%			#DIV/0!
Options - amount			$0.000		$30.751		$2.507		$1.822		$1.393		$0.000		$0.000				$0.000
Wolk, Joseph J.		0.011	0.000%	0.016	0.001%	0.021	0.001%	0.025	0.001%	0.038	0.001%	0.052	0.002%	0.071	0.003%			0.085	0.004%			19.81%
CFO - Shares - Amount			$1.465		$2.292		$3.327		$4.268		$6.677		$8.222		$10.258				$15.840
Options - percentage		0.000	0.000%	3.249	0.123%	0.007	0.000%	0.007	0.000%	0.006	0.000%	0.000	0.000%	0.000	0.000%			0.000	0.000%			#DIV/0!
Options - amount			$0.000		$473.932		$1.054		$1.186		$1.008		$0.000		$0.000				$0.000
Caruso Dominic J	0.005%
CFO - Shares - Amount	$20.179
Options - percentage	0.000%
Options - amount	$0.000
Broadhurst, Vanessa										0.016	0.001%	0.019	0.001%	0.020	0.001%			0.000	0.000%			-100.00%
Officer - Shares - Amount											$2.768		$3.010		$2.868				$0.000
Options - percentage										0.002	0.000%	0.003	0.000%	0.000	0.000%			0.000	0.000%			#DIV/0!
Options - amount											$0.367		$0.479		$0.000				$0.000
Reed, John C.														0.015	0.001%			0.011	0.000%			-26.88%
Officer - Shares - Amount															$2.108				$1.987
Options - percentage														0.000	0.000%			0.000	0.000%			#DIV/0!
Options - amount															$0.000				$0.000
Beckerte, Mary C.	0.000%	0.000	0.000%	0.000	0.000%	0.000	0.000%	0.000	0.000%	0.000	0.000%	0.000	0.000%	0.000	0.000%			0.000	0.000%			#DIV/0!
Director - Shares - Amount	$0.000		$0.000		$0.000		$0.000		$0.000		$0.000		$0.000		$0.000				$0.000
Options - percentage	0.000%	0.005	0.000%	0.006	0.000%	0.008	0.000%	0.009	0.000%	0.001	0.000%	0.012	0.000%	0.014	0.001%			0.015	0.001%			12.84%
Options - amount	$0.228		$0.606		$0.908		$1.199		$1.531		$0.183		$1.865		$1.973				$2.870
Davis, D. Scott						0.000	0.000%	0.000	0.000%	0.000	0.000%	0.000	0.000%								Ceased insider Oct 2024	#DIV/0!
Director - Shares - Amount							$0.000		$0.000		$0.000		$0.000
Options - percentage						0.009	0.000%	0.011	0.000%	0.012	0.000%	0.014	0.001%									#DIV/0!
Options - amount							$1.474		$1.838		$2.155		$2.163
Morikis, John																		0.001	0.000%
Director - Shares - Amount																			$0.112
Options - percentage																		0.000	0.000%
Options - amount																			$0.000
Mulchay, Anne M.										0.000	0.000%	0.000	0.000%	0.000	0.000%						not listed 2025	#DIV/0!
Lead Director - Shares - Amount											$0.000		$0.000		$0.000
Options - percentage										0.018	0.001%	0.019	0.001%	0.021	0.001%							-100.00%
Options - amount											$3.128		$3.055		$3.105
Joly, Hubert														0.000	0.000%			0.000	0.000%			#DIV/0!
Director - Shares - Amount															$0.000				$0.000
Options - percentage														0.006	0.000%			0.008	0.000%			23.56%
Options - amount															$0.935				$1.489
Weinberger, Mark A.														0.000	0.000%			0.000	0.000%			#DIV/0!
Director - Shares - Amount															$0.000				$0.000
Options - percentage														0.009	0.000%			0.011	0.000%			17.61%
Options - amount															$1.320				$2.001
Gorsky, Alex	0.010%	0.338	0.013%	0.391	0.015%	0.453	0.017%	0.478	0.018%	0.587	0.022%
Chairman - Shares - Amount	$36.534		$43.631		$57.040		$71.234		$81.752		$103.721
Options - percentage	0.004%	0.073	0.003%	0.055	0.002%	0.034	0.001%	0.022	0.001%	0.017	0.001%
Options - amount	$13.207		$9.469		$8.012		$5.285		$3.797		$2.978
Increase in O/S Shares	1.14%	25.508	0.95%	22.082	0.83%	20.053	0.76%	21.765	0.827%	20.946	0.797%	20.007	0.761%	15.521	0.645%			15.027	0.624%		Search for Stock Option
due to SO	$3,552.961		$3,563.978		$2,849.682		$2,925.131		$3,425.376		$3,583.232		$3,422.597		$2,432.762				$2,173.205		Plans
Book Value	$3,311.000		$3,156.000		$3,060.000		$2,691.000		$3,148.000		$3,456.000		$3,440.000		$2,529.000				$2,389.000		Repurchase of Common
Insider Buying	$0.000		$0.000		-$0.922		-$0.770		$0.000		$0.000		$0.000		$0.000				-$0.147		Stock
Insider Selling	$36.179		$29.856		$67.414		$17.994		$8.359		$32.997		$32.997		$1.442				$44.947
Net Insider Selling	$36.179		$29.856		$66.492		$17.223		$8.359		$32.997		$32.997		$1.442				$44.799
% of Market Cap	0.01%		0.01%		0.02%		0.00%		0.00%		0.01%		0.01%		0.00%				0.01%
Directors		11		12		13		14		14		12		12				12
Women	20%	3	27%	4	33%	4	31%	5	36%	5	36%	6	50%	6	50%			5	42%
Minorities	20%	2	18%	2	17%	2	15%	3	21%	2	14%	2	17%	1	8%			2	17%
Institutions/Holdings										20	31.88%	20	42.68%	20	43.36%			20	43.68%
Total Shares Held										838.080	31.88%	1,027.822	42.700%	1,043.691	43.362%			1,052.450	43.739%
Increase/Decrease										9.247	1.12%	-6.443	-0.62%	25.922	2.55%			20.469	1.98%
Starting No. of Shares										828.834	MS	1,034.264	MS	1,017.769	MS			1,031.981	MS
Institutions/Holdings	67.84%	3,318	67.84%	20		3,054	69.12%			3,741	70.05%	3,741	74.86%	3,741	74.86%
Total Shares Held	67.938%	1,828.572	68.683%	995.990	37.411%	1,819.724	69.13%			1,831.436	69.66%	1,802.637	74.89%	0.000	0.000%
Increase/Decrease	-0.03%	-2.962	-0.16%	-7.622	-0.76%	112.983	6.62%			1.793	0.10%	9.603	0.54%	9.603	-100.00%
Starting No. of Shares	reuters	1,831.533	reuters	1,003.612	Top 20	1,706.740	Nasdaq			1,829.643	Nasdaq	1,793.034	Nasdaq	-9.603	Nasdaq
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