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0.000656213303861289 0.000759825930786663 -0.00165780203080755 -0.00157145817503621 -0.000138150169234028 -0.00207225253850944 -0.00556054431166683 -0.0150929059888099
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UPDATE 3-J&J takes $13.6 bln charge related to new U.S. tax law [Reuters]

JOHNSON & JOHNSON (JNJ)  More Company Research Source: Reuters
Last johnson & johnson earnings: 4/17 06:40 am Check Earnings Report
US:NYSE Investor Relations: jnj.com
PDF J&J takes $13.6 billion charge related to new U.S. tax law | Reuters Reuters Staff 3 Min Read (Reuters) - Johnson & Johnson, one of the world’s largest drugmakers, on Tuesday said that it would take a $13.6-billion charge related to the new U.S. tax law and plans to bring back billions of dollars from overseas immediately. U.S. President Donald Trump signed the law late last year, and many large U.S. corporations and drugmakers have said they will take advantage of its new, lower tax rate on repatriated foreign earnings and cash. J&J last publicly reported a year ago that it had $66 billion in undistributed international earnings and on Tuesday said it had $16 billion in cash outside the United States. The company, based in New Brunswick, New Jersey, plans to move $12 billion of that cash immediately, J&J CFO Dominic Caruso said during a conference call with analysts to discuss fourth-quarter earnings. He said much of that will be used to pay down debt and also to fund U.S. operations [Read more]

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