Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Johnson & Johnson, consolidated balance sheet: assets (quarterly data)

US$ in millions

	Dec 28, 2025	Sep 28, 2025	Jun 29, 2025	Mar 30, 2025	Dec 29, 2024	Sep 29, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Oct 1, 2023	Jul 2, 2023	Apr 2, 2023	Dec 31, 2022	Oct 2, 2022	Jul 3, 2022	Apr 3, 2022	Dec 31, 2021	Oct 3, 2021	Jul 4, 2021	Apr 4, 2021
Cash and cash equivalents	19,709)	18,231)	18,577)	38,474)	24,105)	19,980)	24,878)	25,473)	21,859)	19,728)	21,183)	19,170)	14,127)	11,355)	10,983)	10,463)	14,487)	17,604)	14,332)	12,671)
Restricted cash	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	7,695)	—)	—)	—)	—)	—)	—)	—)	—)
Marketable securities	393)	331)	303)	307)	417)	317)	597)	745)	1,068)	3,783)	7,322)	5,443)	9,392)	22,724)	21,585)	19,925)	17,121)	13,397)	10,974)	11,948)
Accounts receivable, trade, less allowances	17,178)	17,611)	17,846)	16,020)	14,842)	16,174)	15,794)	14,946)	14,873)	14,798)	16,777)	16,350)	16,160)	15,890)	16,139)	15,594)	15,283)	14,911)	14,871)	14,938)
Inventories	14,191)	14,146)	13,412)	12,659)	12,444)	12,603)	12,169)	11,383)	11,181)	11,198)	12,888)	12,809)	12,483)	11,675)	11,437)	10,990)	10,387)	10,387)	10,100)	9,952)
Prepaid expenses and other	4,153)	4,292)	4,360)	4,091)	4,085)	4,175)	4,379)	4,455)	4,514)	4,196)	2,397)	2,921)	3,132)	3,592)	3,703)	3,452)	3,701)	3,590)	3,492)	3,024)
Current assets	55,624)	54,611)	54,498)	71,551)	55,893)	53,249)	57,817)	57,002)	53,495)	53,703)	60,567)	64,388)	55,294)	65,236)	63,847)	60,424)	60,979)	59,889)	53,769)	52,533)
Property, plant and equipment at cost	54,364)	53,375)	52,472)	49,884)	48,768)	49,274)	48,035)	47,585)	47,776)	45,626)	51,218)	50,367)	49,253)	46,681)	47,144)	47,702)	47,679)	47,347)	47,201)	46,430)
Accumulated depreciation	(31,195)	(31,037)	(30,523)	(29,013)	(28,250)	(28,795)	(28,287)	(27,953)	(27,878)	(26,805)	(30,642)	(30,193)	(29,450)	(28,529)	(28,790)	(29,001)	(28,717)	(28,869)	(28,569)	(28,063)
Property, plant and equipment, net	23,169)	22,338)	21,949)	20,871)	20,518)	20,479)	19,748)	19,632)	19,898)	18,821)	20,576)	20,174)	19,803)	18,152)	18,354)	18,701)	18,962)	18,478)	18,632)	18,367)
Intangible assets, net	50,403)	48,737)	49,835)	36,755)	37,618)	39,490)	39,725)	34,286)	34,175)	35,021)	46,246)	47,448)	48,325)	40,336)	42,408)	44,420)	46,392)	47,776)	50,244)	51,110)
Goodwill	48,772)	48,048)	48,117)	44,468)	44,200)	44,799)	44,250)	36,616)	36,558)	36,124)	45,440)	45,575)	45,231)	33,383)	34,166)	34,935)	35,246)	35,569)	35,819)	35,688)
Deferred taxes on income	6,874)	6,666)	6,801)	8,492)	10,461)	9,349)	9,004)	10,305)	9,279)	9,259)	8,779)	8,817)	9,123)	9,392)	9,514)	9,936)	10,223)	10,646)	10,804)	8,321)
Other assets	14,368)	12,416)	12,189)	11,534)	11,414)	10,921)	10,544)	14,125)	14,153)	13,133)	10,078)	9,567)	9,602)	8,625)	9,435)	9,939)	10,216)	6,870)	7,172)	6,538)
Non-current assets	143,586)	138,205)	138,891)	122,120)	124,211)	125,038)	123,271)	114,964)	114,063)	112,358)	131,119)	131,581)	132,084)	109,888)	113,877)	117,931)	121,039)	119,339)	122,671)	120,024)
Total assets	199,210)	192,816)	193,389)	193,671)	180,104)	178,287)	181,088)	171,966)	167,558)	166,061)	191,686)	195,969)	187,378)	175,124)	177,724)	178,355)	182,018)	179,228)	176,440)	172,557)

An examination of the asset composition reveals several noteworthy trends between April 2021 and December 2025. Overall, total assets experienced considerable fluctuation throughout the period, peaking in December 2024 before declining slightly in subsequent quarters. Current assets demonstrated volatility, while non-current assets generally remained more stable, though with a significant increase in late 2022 and early 2025.

Cash and Cash Equivalents: Cash and cash equivalents exhibited substantial variability. A notable increase occurred between April 2021 and October 2021, followed by a decrease through April 2022. A subsequent rise was observed through December 2023, reaching a peak, before declining again in the first half of 2024. A significant surge occurred in March 2025, followed by a substantial decrease by June 2025, and a slight recovery by December 2025. This suggests active cash management or significant transactional activity.
Marketable Securities: Marketable securities generally decreased from 2021 to 2023, with a particularly sharp decline from December 2022 to December 2023. Values remained relatively low through June 2025, with only a minor increase by December 2025. This could indicate a shift in investment strategy or utilization of these funds for other purposes.
Accounts Receivable, Trade: Accounts receivable remained relatively stable between April 2021 and December 2022, fluctuating within a narrow range. A moderate increase was observed through July 2023, followed by a slight decrease. Values increased again in the latter half of 2024 and early 2025, suggesting potential changes in credit terms or sales volume.
Inventories: Inventories demonstrated a consistent upward trend from April 2021 to December 2023, indicating potential growth in production or anticipated demand. This trend continued into 2024 and 2025, with values reaching a peak in September 2025. This sustained increase warrants further investigation to determine if it aligns with sales growth or represents a potential build-up of unsold goods.
Property, Plant, and Equipment (PP&E): Net PP&E showed a gradual increase throughout the period, with a more pronounced rise between October 2022 and December 2025. This suggests ongoing investment in fixed assets, potentially to support future growth or operational improvements. Accumulated depreciation consistently offset the cost of PP&E, resulting in a net value that increased over time.
Intangible Assets and Goodwill: Intangible assets and goodwill experienced fluctuations. Intangible assets decreased from 2021 to 2023, then increased in 2024 and 2025. Goodwill showed a significant increase in December 2022, then decreased before rising again in 2025. These changes could be related to acquisitions, impairments, or amortization.
Other Assets and Deferred Taxes: Other assets showed moderate fluctuations throughout the period. Deferred taxes on income remained relatively stable, with minor variations, indicating consistent tax planning practices.

In summary, the asset base exhibited dynamic changes over the observed period. The fluctuations in cash and marketable securities suggest active financial management. The consistent growth in inventories and PP&E indicates investment in future operations, while changes in intangible assets and goodwill may reflect strategic acquisitions or adjustments. Continued monitoring of these trends is recommended to assess their impact on the overall financial health and performance.

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Johnson & Johnson (NYSE:JNJ)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data