Summary by Futu AI
Johnson & Johnson filed an amendment to its Form 11-K for the fiscal year ended December 31, 2023, to correct a typographical error in the financial statements. The amendment, filed on June 24, 2024, adjusted the net assets available for benefits figure in Footnote 8 on page 15, with the corrected amount being $22,178,611,855. This figure was consistent with other parts of the original filing, and no other changes were made to the Form 11-K. The financial statements, audited by PricewaterhouseCoopers LLP, fairly presented the net assets available for benefits as of December 31, 2023, and the changes in net assets available for benefits for the year in accordance with U.S. GAAP. The Plan's investments include employee contributions, employer contributions, and investment income, with total assets amounting to $22,178,611,855 at the end of 2023. The Plan is a defined contribution plan for eligible employees of Johnson & Johnson and certain domestic subsidiaries, with assets held in the Johnson & Johnson Pension and Savings Plans Master Trust.