UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 31, 2006
JOHNSON & JOHNSON
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(Exact name of registrant as specified in its charter)
New Jersey 1-3215 22-1024240
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
One Johnson & Johnson Plaza, New Brunswick, New Jersey 08933
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (732) 524-0400
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c)
Item 8.01 Other Events
During the fiscal first quarter of 2006 the Company adopted SFAS No. 123 (R),
Share Based Payment. The Company has applied the modified retrospective
transition method to implement SFAS No. 123 (R). The Company's previously
reported consolidated financial statements for the fiscal years 2003,
2004 and 2005 have been adjusted to reflect the impact of the adoption of
SFAS No. 123(R). These financial statements and the notes thereto, as well as
the related adjusted Management's Discussion and Analysis of Results of
Operations and Financial Condition, Summary of Operations and Statistical Data
1995 - 2005, and Statement of Computation of Ratio of Earnings to Fixed Charges
appear and are incorporated by reference to Exhibits 12 and 13 to this report.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit 12 Statement of Computation of Ratio of Earnings to Fixed Charges
Exhibit 13 Pages 28 through 66 of the Company's Annual Report to Shareholders
for fiscal year 2005. This includes Management's Discussion and Analysis of
Results of Operations and Financial Condition, Consolidated Financial
Statements, Notes to Consolidated Financial Statements, Management's Report on
Internal Control Over Financial Reporting, Report of Independent Registered
Public Accounting Firm and Summary of Operations and Statistical Data 1995 -
2005
Exhibit 23 Consent of Independent Registered Public Accounting Firm
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
JOHNSON & JOHNSON
Date: October 31, 2006 By: /s/ Stephen J. Cosgrove
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Stephen J. Cosgrove
Chief Accounting Officer