Johnson & Johnson's total expenses have grown from $55.4 billion in 2016 to about $66.9 billion in 2019.
For 2020, we expect total expenses to be around $68.0 billion, which comprises of
1) Operating Expenses: $61.5 billion
2) Non-Operating Expense: $2.8 billion
3) Income Taxes: $3.7 billion
Below, we take a look at how the company's key expense components have trended and the key reasons for the change.