Determine the taxable income for Johnson & Johnson for the year ending December 31, 2023, using the provided data:

• Total Revenue: $800,000,000
• Cost of Goods Sold: $400,000,000
• Operating Expenses: $200,000,000
• Depreciation Expense: $30,000,000
• Interest Expense: $15,000,000
• Tax Rate: 20%