Question
Sales 82,059 Cost of products sold 27,556 Gross Profit 54,503 Selling, marketing and administrative expenses 22,178 Research and development expense 12,245 Other expense 2,486 Restructuring
Sales 82,059
Cost of products sold 27,556
Gross Profit 54,503
Selling, marketing and administrative expenses 22,178
Research and development expense 12,245
Other expense 2,486
Restructuring 266
Operating Income before taxes $ 17,328
Income Tax Expense 2,209
Net Income 15,119
2019 2018
Assets
Current assets
Cash and cash equivalents (Notes 1 and 2) $ 17,305 18,107
Marketable securities (Notes 1 and 2) 1,982 1,580
Accounts receivable less allowances $226 (2018, $248) 14,481 14,098
Inventories (Notes 1 and 3) 9,020 8,599
Prepaid expenses and other receivables 2,486 3,649
Total current assets 45,274 46,033
Property, plant and equipment, net (Notes 1 and 4) 17,658 17,035
Intangible assets, net (Notes 1 and 5) 47,643 47,611
Goodwill (Notes 1 and 5) 33,639 30,453
Other assets 13,514 11,822
Total assets $ 157,728 152,954
Liabilities and Shareholders' Equity
Current liabilities
Loans and notes payable (Note 7) $ 1,202 2,796
Accounts payable 8,544 7,537
Accrued liabilities 9,715 7,601
Accrued rebates, returns and promotions 10,883 9,380
Accrued compensation and employee related obligations 3,354 3,098
Accrued taxes on income (Note 8) 2,266 818
Total current liabilities 35,964 31,230
Long-term debt (Note 7) 26,494 27,684
Employee related obligations (Notes 9 and 10) 10,663 9,951
Long-term taxes payable (Note 8) 13,402 15,748
Other liabilities 11,734 8,589
Total liabilities 98,257 93,202
Commitments and Contingencies (Note 21)
Shareholders' equity
Capital Stock 3,120 3,120
Retained earnings 56,351 56,632
Total shareholders' equity 59,471 59,752
Total liabilities and shareholders' equity $ 157,728 152,954
What was the amount that Johnson and Johnson estimated would not be received from customers for the purchase of Johnson's products on credit (in millions)?
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