Analysis: Deferred Assets and Liabilities, Net

Entity Registrant Name JOHNSON & JOHNSON
CIK 0000200406
Accession number 0000200406-14-000033
Link to XBRL instance http://www.sec.gov/Archives/edgar/data/200406/000020040614000033/jnj-20131229.xml
Fiscal year end --12-29
Fiscal year focus 2013
Fiscal period focus FY
Current balance sheet date 2013-12-29
Current year-to-date income statement start date 2012-12-31
Commentary Conforms with all rules.
Level 3 Text Block concept us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Temporary differences and carryforwards for 2013 and 2012 were as follows:
 
 
2013 Deferred Tax
 
2012 Deferred Tax
(Dollars in Millions)
 
Asset
 
Liability
 
Asset
 
Liability
Employee related obligations
 
$
1,908

 


 
3,343

 


Stock based compensation
 
1,121

 


 
1,199

 


Depreciation
 


 
(772
)
 


 
(933
)
Non-deductible intangibles
 


 
(6,250
)
 


 
(6,261
)
International R&D capitalized for tax
 
1,656

 


 
1,599

 


Reserves & liabilities
 
1,587

 


 
1,908

 


Income reported for tax purposes
 
1,043

 


 
726

 


Net operating loss carryforward international
 
1,090

 


 
1,117

 


Miscellaneous international (1)
 
1,508

 
(361
)
 
1,291

 
(371
)
Miscellaneous U.S. 
 
927

 


 
915

 


Total deferred income taxes
 
$
10,840

 
(7,383
)
 
12,098

 
(7,565
)

(1) The $1,508 million is net of a valuation allowance related to Belgium of $187 million.

Level 4 Details Key Concepts: Deferred tax assets (liabilities)

Description Fact value US GAAP XBRL Concept
Deferred tax assets, gross 0
Valuation allowance -187,000,000 us-gaap:DeferredTaxAssetsValuationAllowance
Deferred tax assets, net 10,840,000,000 us-gaap:DeferredTaxAssetsNet
Deferred tax liabilities -7,383,000,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net 3,457,000,000
CHECK 0

*

(Classified balance sheet) Deferred tax assets (liabilities), net components current/noncurrent asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets, net, current 3,607,000,000 us-gaap:DeferredTaxAssetsNetCurrent
Deferred tax assets, net, noncurrent 3,872,000,000 us-gaap:DeferredTaxAssetsNetNoncurrent
Deferred tax liabilities, net, current 0
Deferred tax liabilities, net, noncurrent -3,989,000,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net 3,457,000,000
CHECK 0

*

(Unclassified balance sheet) Deferred tax assets (liabilities), net components asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets 10,840,000,000 us-gaap:DeferredTaxAssetsNetCurrent
Deferred tax liabilities, net -7,383,000,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net 3,457,000,000
CHECK 0

*

*

Creative Commons License
This work is licensed under a Creative Commons License.

Valid CSS!