The family of Mae Moore, a California resident who died at age 88 in 2021, sued the company the same year, claiming J&J’s talc baby powder products contained asbestos fibers that caused her rare cancer. The jury late on Monday ordered J&J to pay $16 million in compensatory damages and $950 million in punitive damages, according to court filings.
https://finance.yahoo.com/quote/JNJ/financials/
2024 they had $89 billion revenue, so about 1.1% of revenue.
But profits were “only” $16.7 Billion so 5.8% of profits.
But I’m guessing this is deductible, so they’ll probably survive.