JNJ · Earnings call · 2026Q3T · Full report
Income Tax Rate Changes
JOHNSON & JOHNSON · 2026-10-13 · Importance 36 · Surprise 24 · In source text
The third-quarter tax rate was a small net benefit because the accrual for the proposed talc litigation resolution generated a positive tax effect. Management tightened full-year 2026 effective tax rate guidance to 17.0%–17.5% based on year-to-date results. The tax impact partially offset the earnings effect of the litigation accrual in reported results.
Key facts
- Full-year effective tax rate guidance tightened to 17.0% to 17.5%.
- The tax rate was a small net benefit in the quarter, primarily related to the positive tax effect associated with the accrual for the proposed talc litigation resolution.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | positive | committed | — | Full-year effective tax rate guidance tightened to 17.0% to 17.5%. |