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This is the expense the company spent on research and development. Johnson & Johnson's research and development for the three months ended in Sep. 2015 was $2,154 Mil. Its research and development for the trailing twelve months (TTM) ended in Sep. 2015 was $8,973 Mil.
This is the expense the company spent on research and development.
Johnson & Johnson Research & Development for the trailing twelve months (TTM) ended in Sep. 2015 was 2791 (Dec. 2014 ) + 1899 (Mar. 2015 ) + 2129 (Jun. 2015 ) + 2154 (Sep. 2015 ) = $8,973 Mil.
If competitive advantage is created by a patent or tech advantage, at some point it will disappear.
High R&D usually dictates high SG&A which threatens the competitive advantage.
Johnson & Johnson Annual Data
|Research & Development||6,462||7,125||7,680||7,577||6,986||6,844||7,548||7,665||8,183||8,672|
Johnson & Johnson Quarterly Data
|Research & Development||1,946||2,042||2,411||1,831||2,005||2,023||2,791||1,899||2,129||2,154|