(1) Attributable to Johnson & Johnson. Recently Issued Accounting Pronouncements. Other investments are through investment vehicles valued using the Net Asset Value (NAV) provided by the administrator of the fund. Cases filed in federal courts in the United States have been organized as a multi-district litigation in the United States District Court for the Southern District of West Virginia. These have both positive and negative impacts on the U.S. healthcare industry with much remaining uncertain as to how various provisions of the ACA, and potential modification or repeal of ACA provisions, will ultimately affect the industry. Mr. Pruden has announced his intention to retire from the Company effective June 1, 2017. In the United States, the one remaining patent, which expires in September 2018, stands rejected following. *, Executive Income Deferral Plan (Amended and Restated) - Incorporated herein by reference to Exhibit 10.1 of the Registrant's Form 10-Q Quarterly Report for the quarter ended September 30, 2012. Hospira's parent company, Pfizer Inc., began shipment of Celltrion's infliximab biosimilar to wholesalers in the United States in late November 2016. The Company conducts business in virtually all countries of the world with the primary focus on products related to human health and well-being. Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act - Filed with this document. In December 2014, Janssen Inc. and ALZA Corporation filed a Notice of Application against Actavis Pharma Company (Actavis) in response to Actavis' Notice of Allegation seeking approval to market a generic version of CONCERTA ® before the expiration of Canadian Patent No.
In the West Virginia action, in September 2015, Mylan filed an answer and counterclaims asserting invalidity and non-infringement of the '310 patent, '879 patent, and '629 patent, as well as United States Patent No. The Company will continue to work closely with these customers on payment plans, monitor the economic situation and take appropriate actions as necessary. Through the fourth quarter of 2015, the number of the Company's transactions conducted at the official rate declined from prior quarters. Please enable JavaScript if possible. Several state cases against certain Johnson & Johnson subsidiaries have been settled, including the case in Wisconsin, which settled in February 2016.
The Company periodically reviews its investments in equity securities for impairment and adjusts these investments to their fair value when a decline in market value is deemed to be other than temporary. Consent of Independent Registered Public Accounting Firm - Filed with this document. The change in other (income) expense, net for the fiscal year 2016 was an unfavorable change of $2.5 billion as compared to the prior year primarily due to higher gains on the sale of assets/businesses in the fiscal year 2015 as compared to 2016. The Company does not enter into financial instruments for trading or speculative purposes. Johnson & Johnson SEC 10-K filing for January 03, 2016. Review the company's business, risk factors, legal proceedings and financial data. The Company also provides post-retirement benefits, primarily health care, to all eligible U.S. retired employees and their dependents. All of the Company's SEC filings are also available on the Company's website at www.investor.jnj.com/sec.cfm , as soon as reasonably practicable after having been electronically filed or furnished to the SEC. At the end of the period covered by this Report, the Company evaluated the effectiveness of the design and operation of its disclosure controls and procedures. In 2006, he assumed the role of Company Group Chairman, Pharmaceuticals, with responsibility for worldwide research and development for the Central Nervous System and Internal Medicine Franchises. During 2016, the Company advanced its pipeline with several regulatory submissions and approvals for new drugs and additional indications for existing drugs as follows: The Company's Common Stock is listed on the New York Stock Exchange under the symbol JNJ.
In the lawsuit, the State claimed that an employee of a government-owned hospital was the inventor on several patents related to fibrin glue technology that the employee developed while he was a government employee. These forward foreign exchange contracts are not designated as hedges and therefore, changes in the fair values of these derivatives are recognized in earnings, thereby offsetting the current earnings effect of the related foreign currency assets and liabilities.
Come run the Johnson & Johnson Vision 5K/10K race in Jacksonville Beach this May. The Code of Business Conduct & Ethics for Members of the Board of Directors and Executive Officers is available on the Company's website at www.investor.jnj.com/gov/boardconduct.cfm , and copies are available to shareholders without charge upon written request to the Secretary at the Company's principal executive offices. If known or unknown risks or uncertainties materialize, the Company's business, results of operations or financial condition could be adversely affected, potentially in a material way. The fair value for the relative total shareholder return goal of each performance share unit was estimated on the date of grant using the Monte Carlo valuation model. Supplemental pro forma information for 2016, 2015 and 2014 in accordance with U.S. GAAP standards related to business combinations, and goodwill and other intangible assets, is not provided, as the impact of the aforementioned acquisitions did not have a material effect on the Company's results of operations, cash flows or financial position. Dr. P. Stoffels joined the Company in 2002 with the acquisition of Tibotec Virco NV, where he was Chief Executive Officer of Virco NV and Chairman of Tibotec NV. The fair value of Johnson & Johnson Common Stock directly held in plan assets was $847 million ( 3.6% of total plan assets) at December 31, 2016 and $751 million ( 3.4% of total plan assets) at December 31, 2015. U.S. Consumer segment sales were $5.2 billion, an increase of 2.5%. The NAV is a quoted price in a market that is not active and classified as Level 2. This update did not have a material impact on the presentation of the Company's financial position. *, Excess Savings Plan - Incorporated herein by reference to Exhibit 10(j) of the Registrant's Form 10-K Annual Report for the fiscal year ended December 29, 1996. Pricing pressures resulting from trends toward health care cost containment, including the continued consolidation among health care providers, trends toward managed care and the shift toward governments increasingly becoming the primary payers of health care expenses; Restricted spending patterns of individual, institutional and governmental purchasers of health care products and services due to economic hardship and budgetary constraints; Challenges to the Company's ability to realize its strategy for growth including through externally sourced innovations, such as development collaborations, strategic acquisitions, licensing and marketing agreements, and the potential heightened costs of any such external arrangements due to competitive pressures; The potential that the expected strategic benefits and opportunities from any planned or completed acquisition or divestiture by the Company, including the planned acquisition of Actelion Ltd., may not be realized or may take longer to realize than expected; The potential that the expected benefits and opportunities related to the planned restructuring actions in the Medical Device segment may not be realized or may take longer to realize than expected, including due to any required consultation procedures relating to restructuring of workforce; and. The remainder principally represents local borrowing by international subsidiaries.
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