10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001944048-23-000013 |
| Period End Date | 20230331 |
| Filing Date | 20230602 |
| Fiscal Year | 2023 |
| Fiscal Period | Q1 |
| XBRL Instance | kvue-20230402_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
60 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Allowance for credit loss |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$35.00M | USD | Point-in-time |
| Allowance for credit loss |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$38.00M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.69B | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.23B | USD | Point-in-time |
| Trade receivables, less allowances for credit losses ($38 and $35 as of April 2, 2023 and January 1, 2023, respectively) |
AccountsReceivableNetCurrent
|
$2.11B | USD | Point-in-time |
| Trade receivables, less allowances for credit losses ($38 and $35 as of April 2, 2023 and January 1, 2023, respectively) |
AccountsReceivableNetCurrent
|
$2.12B | USD | Point-in-time |
| Inventories |
InventoryNet
|
$2.23B | USD | Point-in-time |
| Inventories |
InventoryNet
|
$2.22B | USD | Point-in-time |
| Prepaid expenses and other receivables |
PrepaidExpenseAndOtherAssetsCurrent
|
$175.00M | USD | Point-in-time |
| Prepaid expenses and other receivables |
PrepaidExpenseAndOtherAssetsCurrent
|
$242.00M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$123.00M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$175.00M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$5.88B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$6.44B | USD | Point-in-time |
| Property, plant, and equipment, net |
PropertyPlantAndEquipmentNet
|
$1.82B | USD | Point-in-time |
| Property, plant, and equipment, net |
PropertyPlantAndEquipmentNet
|
$1.84B | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$9.84B | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$9.85B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$9.23B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$9.19B | USD | Point-in-time |
| Deferred taxes on income |
DeferredIncomeTaxAssetsNet
|
$147.00M | USD | Point-in-time |
| Deferred taxes on income |
DeferredIncomeTaxAssetsNet
|
$168.00M | USD | Point-in-time |
| Restricted cash |
RestrictedCashNoncurrent
|
- | USD | Point-in-time |
| Restricted cash |
RestrictedCashNoncurrent
|
$7.70B | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$386.00M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$434.00M | USD | Point-in-time |
| Total assets |
Assets
|
$27.32B | USD | Point-in-time |
| Total assets |
Assets
|
$35.59B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$1.83B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$1.78B | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$906.00M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$987.00M | USD | Point-in-time |
| Accrued rebates, returns, and promotions |
AccruedRebatesReturnsAndPromotions
|
$838.00M | USD | Point-in-time |
| Accrued rebates, returns, and promotions |
AccruedRebatesReturnsAndPromotions
|
$862.00M | USD | Point-in-time |
| Accrued taxes on income |
AccruedIncomeTaxes
|
$329.00M | USD | Point-in-time |
| Accrued taxes on income |
AccruedIncomeTaxes
|
$604.00M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$4.21B | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$3.93B | USD | Point-in-time |
| Employee related obligations |
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
|
$214.00M | USD | Point-in-time |
| Employee related obligations |
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
|
$228.00M | USD | Point-in-time |
| Long-term debt |
LongTermDebt
|
- | USD | Point-in-time |
| Long-term debt |
LongTermDebt
|
$7.68B | USD | Point-in-time |
| Deferred taxes on income |
DeferredIncomeTaxLiabilitiesNet
|
$2.43B | USD | Point-in-time |
| Deferred taxes on income |
DeferredIncomeTaxLiabilitiesNet
|
$2.68B | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$516.00M | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$727.00M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$7.29B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$15.31B | USD | Point-in-time |
| Commitments and contingencies (Note 13) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (Note 13) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Net investment from Parent |
NetParentInvestment
|
$25.47B | USD | Point-in-time |
| Net investment from Parent |
NetParentInvestment
|
$25.52B | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-5.24B | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-5.45B | USD | Point-in-time |
| Total equity |
StockholdersEquity
|
$20.40B | USD | Point-in-time |
| Total equity |
StockholdersEquity
|
$20.28B | USD | Point-in-time |
| Total equity |
StockholdersEquity
|
$20.02B | USD | Point-in-time |
| Total equity |
StockholdersEquity
|
$20.46B | USD | Point-in-time |
| Total Liabilities and Equity |
LiabilitiesAndStockholdersEquity
|
$35.59B | USD | Point-in-time |
| Total Liabilities and Equity |
LiabilitiesAndStockholdersEquity
|
$27.32B | USD | Point-in-time |
Income Statement
28 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net sales |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$3.59B | USD | 1 Quarter |
| Net sales |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$3.85B | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$1.73B | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$1.63B | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$2.12B | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$1.96B | USD | 1 Quarter |
| Selling, general, and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$1.50B | USD | 1 Quarter |
| Selling, general, and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$1.35B | USD | 1 Quarter |
| Other income, net, operating |
OtherOperatingIncomeExpenseNet
|
$5.00M | USD | 1 Quarter |
| Other income, net, operating |
OtherOperatingIncomeExpenseNet
|
$17.00M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$611.00M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$640.00M | USD | 1 Quarter |
| Other expense (income), net |
NonoperatingIncomeExpense
|
$-31.00M | USD | 1 Quarter |
| Other expense (income), net |
NonoperatingIncomeExpense
|
$1.00M | USD | 1 Quarter |
| Income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
$609.00M | USD | 1 Quarter |
| Income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
$612.00M | USD | 1 Quarter |
| Provision for taxes |
IncomeTaxExpenseBenefit
|
$279.00M | USD | 1 Quarter |
| Provision for taxes |
IncomeTaxExpenseBenefit
|
$84.00M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$528.00M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$330.00M | USD | 1 Quarter |
| Basic (per share) |
EarningsPerShareBasic
|
$0.19 | USD | 1 Quarter |
| Basic (per share) |
EarningsPerShareBasic
|
$0.31 | USD | 1 Quarter |
| Diluted (per share) |
EarningsPerShareDiluted
|
$0.31 | USD | 1 Quarter |
| Diluted (per share) |
EarningsPerShareDiluted
|
$0.19 | USD | 1 Quarter |
| Basic (shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
1.72B | shares | 1 Quarter |
| Basic (shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
1.72B | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
1.72B | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
1.72B | shares | 1 Quarter |
Cash Flow Statement
56 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$528.00M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$330.00M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$152.00M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$165.00M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$35.00M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$35.00M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$20.00M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$167.00M | USD | 1 Quarter |
| Other |
OtherNoncashIncomeExpense
|
$2.00M | USD | 1 Quarter |
| Other |
OtherNoncashIncomeExpense
|
- | USD | 1 Quarter |
| Trade receivables |
IncreaseDecreaseInAccountsReceivable
|
$-23.00M | USD | 1 Quarter |
| Trade receivables |
IncreaseDecreaseInAccountsReceivable
|
$60.00M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$-17.00M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$194.00M | USD | 1 Quarter |
| Other current and non-current assets |
IncreaseDecreaseInOtherCurrentAssets
|
$13.00M | USD | 1 Quarter |
| Other current and non-current assets |
IncreaseDecreaseInOtherCurrentAssets
|
$-68.00M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-54.00M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-126.00M | USD | 1 Quarter |
| Accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$52.00M | USD | 1 Quarter |
| Accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$-161.00M | USD | 1 Quarter |
| Employee related obligations |
IncreaseDecreaseInEmployeeRelatedLiabilities
|
$6.00M | USD | 1 Quarter |
| Employee related obligations |
IncreaseDecreaseInEmployeeRelatedLiabilities
|
$10.00M | USD | 1 Quarter |
| Accrued taxes on income |
IncreaseDecreaseInAccruedTaxesPayable
|
$272.00M | USD | 1 Quarter |
| Accrued taxes on income |
IncreaseDecreaseInAccruedTaxesPayable
|
$36.00M | USD | 1 Quarter |
| Other liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$23.00M | USD | 1 Quarter |
| Other liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$-189.00M | USD | 1 Quarter |
| Net cash flows from operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$338.00M | USD | 1 Quarter |
| Net cash flows from operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$802.00M | USD | 1 Quarter |
| Purchases of property, plant, and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$37.00M | USD | 1 Quarter |
| Purchases of property, plant, and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$55.00M | USD | 1 Quarter |
| Proceeds from sale of assets |
ProceedsFromSalesOfAssetsInvestingActivities
|
- | USD | 1 Quarter |
| Proceeds from sale of assets |
ProceedsFromSalesOfAssetsInvestingActivities
|
$14.00M | USD | 1 Quarter |
| Other |
PaymentsForProceedsFromOtherInvestingActivities
|
- | USD | 1 Quarter |
| Other |
PaymentsForProceedsFromOtherInvestingActivities
|
$5.00M | USD | 1 Quarter |
| Net cash flows used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-42.00M | USD | 1 Quarter |
| Net cash flows used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-41.00M | USD | 1 Quarter |
| (Payments of) proceeds from loans and notes payable |
ProceedsFromRepaymentsOfNotesPayable
|
$6.00M | USD | 1 Quarter |
| (Payments of) proceeds from loans and notes payable |
ProceedsFromRepaymentsOfNotesPayable
|
$-12.00M | USD | 1 Quarter |
| Proceeds from long-term debt, net of issuance costs |
ProceedsFromIssuanceOfLongTermDebt
|
$7.69B | USD | 1 Quarter |
| Proceeds from long-term debt, net of issuance costs |
ProceedsFromIssuanceOfLongTermDebt
|
- | USD | 1 Quarter |
| Net transfer to the Parent |
PaymentsOfDistributionsToAffiliates
|
$286.00M | USD | 1 Quarter |
| Net transfer to the Parent |
PaymentsOfDistributionsToAffiliates
|
$216.00M | USD | 1 Quarter |
| Net cash flows from (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$7.39B | USD | 1 Quarter |
| Net cash flows from (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-210.00M | USD | 1 Quarter |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$3.00M | USD | 1 Quarter |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$6.00M | USD | 1 Quarter |
| Cash and cash equivalents and restricted cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.23B | USD | Point-in-time |
| Cash and cash equivalents and restricted cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$9.39B | USD | Point-in-time |
| Cash and cash equivalents and restricted cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$740.00M | USD | Point-in-time |
| Cash and cash equivalents and restricted cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$829.00M | USD | Point-in-time |
| Net increase in cash and cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$8.15B | USD | 1 Quarter |
| Net increase in cash and cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$89.00M | USD | 1 Quarter |
| Cash and cash equivalents and restricted cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$9.39B | USD | Point-in-time |
| Cash and cash equivalents and restricted cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$740.00M | USD | Point-in-time |
| Cash and cash equivalents and restricted cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.23B | USD | Point-in-time |
| Cash and cash equivalents and restricted cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$829.00M | USD | Point-in-time |
Stockholders Equity
14 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning balance |
StockholdersEquity
|
$20.40B | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$20.28B | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$20.02B | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$20.46B | USD | Point-in-time |
| Net income |
NetIncomeLoss
|
$528.00M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$330.00M | USD | 1 Quarter |
| Other comprehensive income |
OtherComprehensiveIncomeLossNetOfTax
|
$-281.00M | USD | 1 Quarter |
| Other comprehensive income |
OtherComprehensiveIncomeLossNetOfTax
|
$214.00M | USD | 1 Quarter |
| Net transfers to the Parent |
NetTransferToAffiliate
|
$283.00M | USD | 1 Quarter |
| Net transfers to the Parent |
NetTransferToAffiliate
|
$181.00M | USD | 1 Quarter |
| Ending balance |
StockholdersEquity
|
$20.40B | USD | Point-in-time |
| Ending balance |
StockholdersEquity
|
$20.28B | USD | Point-in-time |
| Ending balance |
StockholdersEquity
|
$20.02B | USD | Point-in-time |
| Ending balance |
StockholdersEquity
|
$20.46B | USD | Point-in-time |
Comprehensive Income
14 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$528.00M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$330.00M | USD | 1 Quarter |
| Foreign currency translation, net of taxes |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$161.00M | USD | 1 Quarter |
| Foreign currency translation, net of taxes |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-280.00M | USD | 1 Quarter |
| Employee benefit plans, net of taxes |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
$-3.00M | USD | 1 Quarter |
| Employee benefit plans, net of taxes |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
$-14.00M | USD | 1 Quarter |
| Derivatives and hedges, net of taxes |
OtherComprehensiveIncomeLossCashFlowHedgeAndDerivativesGainLossAfterReclassificationAndTax
|
$-4.00M | USD | 1 Quarter |
| Derivatives and hedges, net of taxes |
OtherComprehensiveIncomeLossCashFlowHedgeAndDerivativesGainLossAfterReclassificationAndTax
|
$39.00M | USD | 1 Quarter |
| Other comprehensive income (loss) |
OtherComprehensiveIncomeLossNetOfTax
|
$-281.00M | USD | 1 Quarter |
| Other comprehensive income (loss) |
OtherComprehensiveIncomeLossNetOfTax
|
$214.00M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$544.00M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$247.00M | USD | 1 Quarter |
| Provision for taxes |
IncomeTaxExpenseBenefit
|
$279.00M | USD | 1 Quarter |
| Provision for taxes |
IncomeTaxExpenseBenefit
|
$84.00M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.