Tax responsibility

J&J is committed to paying our fair share of taxes.³⁸ Our tax footprint evolves over time and reflects our business activities and investments in each respective jurisdiction, including in R&D and manufacturing. What does not waver is our commitment to good corporate citizenship, which we demonstrate through sustainable values and behaviors relating to tax governance, compliance, planning, risk management, relationship with governmental authorities and transparency, all of which are more fully described in our Tax Policy. Policies & Positions: Tax Policy

In 2023, J&J contributed approximately $16.4 billion in taxes and fees to governments and economies around the world.³⁹ This Total Tax Contribution is made up of two components:

• Total Taxes Borne: In 2023, J&J bore $10.6 billion in taxes around the world. The taxes include corporate income taxes, the Company’s share of payroll and social insurance taxes and the Company’s share of sales and other taxes. Sales taxes include sales, use and non-recoverable value-added tax. Other taxes are primarily comprised of customs and other duties such as local taxes and special fees related to the pharmaceutical industry.
• Total Taxes Collected: Additionally, in 2023 J&J collected $5.8 billion related to the commerce the Company generates. These collections were in the form of payroll and social insurance taxes from approximately 134,000 employees across the world, sales and use taxes, and value-added taxes. These taxes are collected on behalf of governments from employees, customers and other business partners. Taxes Collected are an important part of the measure of the contribution made by J&J through job creation and business activities in the many countries in which we operate.

Johnson & Johnson’s Credo principles reinforce our commitment to good corporate citizenship. Our tax policy is guided by those principles, and it is through those sustainable values and behaviors we maintain strong tax governance. In 2023, Johnson & Johnson paid over $10.6 billion in taxes and collected another $5.8 billion in taxes that benefit governments across the globe.”

Our intent is to provide a comprehensive view of total taxes paid around the world. Corporate Income Tax represents payments in all markets in which we operate and is the amount reported as Income Taxes Paid in the 2023 Annual Report. Other taxes shown aggregate our data from 40 major markets that represent the vast majority of our revenues. We aspire to include all markets in future years.