Form: 8-K

Current report filing

November 4, 2009

Exhibit 99.1
1 Becton Drive
Franklin Lakes, NJ 07417
www.bd.com
     
News Release
  (BD LOGO)
Contact:
Patricia A. Spinella, Investor Relations — 201-847-5453
Colleen T. White, Corporate Communications — 201-847-5369
BD ANNOUNCES RESULTS FOR FOURTH FISCAL QUARTER AND FULL YEAR
Franklin Lakes, NJ (November 4, 2009) — BD (Becton, Dickinson and Company) (NYSE: BDX) today reported quarterly revenues of $1.898 billion for the fourth fiscal quarter ended September 30, 2009, representing an increase of 5 percent from the prior-year period, or 8 percent excluding the unfavorable impact from foreign currency translation.
For the full fiscal year ended September 30, 2009, BD reported revenues of $7.161 billion, representing an increase of 1 percent over the prior year, or 5 percent excluding the unfavorable impact from foreign currency translation.
“The achievement of solid fourth quarter performance, in particular BD Medical and BD Diagnostics, marks the conclusion of another successful year for BD,” said Edward J. Ludwig, Chairman and Chief Executive Officer. “This strong finish to the year provides a platform for growth in fiscal 2010 and gives us confidence we will achieve our stated long-term goals.”
Fourth Quarter Earnings and Analysis of Full Fiscal Year 2009 and 2008 Earnings
Reported diluted earnings per share from continuing operations of $1.25 for the fourth quarter of 2009 increased by 13 percent over reported diluted earnings per share from continuing operations of $1.11 for the fourth quarter of 2008. On a currency-neutral basis, diluted earnings per share from continuing operations for the fourth quarter of fiscal 2009 increased 17 percent.
                                 
    Twelve Months Ended September 30,  
(Table 1)   FY2009     FY2008     % Change     FXN % Change  
 
                               
Diluted EPS from Continuing Operations:
  $ 4.92     $ 4.42       11 %        
 
                               
Specified Items:
                               
Litigation Charge (1)
  $ 0.11                          
Tax Adjustment (2)
    (0.08 )                        
 
                           
 
                               
Adjusted Diluted EPS from Continuing Operations:
  $ 4.95     $ 4.42       12 %     10 %
 
                       
 
(1)   Represents the charge relating to the pending settlement with the direct purchaser plaintiffs (which includes BD’s distributors) in the antitrust class actions.
 
(2)   Represents the tax benefit relating to various tax settlements in multiple jurisdictions.

 


 

The preceding analysis (Table 1) of diluted earnings per share from continuing operations for the twelve-month periods ended September 30, 2009 and 2008 identifies the specified items that affect comparability of results between periods. As illustrated, fiscal year 2009 diluted earnings per share from continuing operations of $4.92 included the third quarter tax benefit of 8 cents and the second quarter charge of 11 cents relating to a pending antitrust class action settlement. Excluding these specified items, diluted earnings per share from continuing operations for the twelve-month period in fiscal year 2009 were $4.95, representing an increase of 12 percent over diluted earnings per share from continuing operations of $4.42 from the prior-year period. On a currency-neutral basis, adjusted diluted earnings per share from continuing operations for the twelve-month period ending September 30, 2009 increased 10 percent.
Segment Results
In the BD Medical segment, worldwide revenues for the quarter were $1 billion, representing an increase of 8 percent from the prior-year period, or 13 percent excluding the unfavorable impact from foreign currency translation. Strong sales of Pharmaceutical Systems products, as expected, and solid sales of Medical Surgical Systems products contributed to revenue growth; both included a favorable impact from flu-related sales. For the twelve-month period ended September 30, 2009, the BD Medical segment reported flat revenue growth. On a currency-neutral basis, BD Medical revenues for the twelve-month period increased by 6 percent to $3.731 billion.
In the BD Diagnostics segment, worldwide revenues for the quarter were $580 million, representing an increase of 5 percent from the prior-year period or 8 percent excluding the unfavorable impact from foreign currency translation. Sales of safety-engineered devices, cancer diagnostics products and infectious disease testing systems, including flu-related products, contributed to revenue growth. For the twelve-month period ended September 30, 2009, the BD Diagnostics segment reported 3 percent revenue growth to $2.226 billion. On a currency-neutral basis, BD Diagnostics revenues for the twelve-month period increased by 7 percent.
In the BD Biosciences segment, worldwide revenues for the quarter were $312 million, representing a decrease of 5 percent from the prior-year period, or a decrease of 4 percent excluding the unfavorable impact from foreign currency translation. Demand in the U.S. for capital equipment in the research and clinical segments continued to be impacted by funding constraints. International revenue growth continued to moderate as well. For the twelve-month period ended September 30, 2009, the BD Biosciences segment reported 1 percent revenue growth to $1.204 billion. On a currency-neutral basis, BD Biosciences revenues for the twelve-month period increased by 2 percent.
Geographic Results
Fourth quarter revenues in the U.S. were $840 million, representing an increase of 6 percent from the prior-year period. Revenues outside of the U.S. were $1.058 billion, representing an increase of 4 percent from the prior-year period, or 10 percent excluding the unfavorable impact from foreign currency translation.
For the twelve-month period ended September 30, 2009, revenues in the U.S. were $3.205 billion, representing an increase of 3 percent from the prior-year period. Revenues outside of the U.S. were $3.956 billion, representing flat growth from the prior-year period, or 7 percent growth excluding the unfavorable impact from foreign currency translation.

 


 

Fiscal 2010 Outlook for Full Year
The Company estimates that reported revenues for the full fiscal year 2010 will increase about 6 percent, or 5 to 6 percent excluding the estimated favorable impact from foreign currency translation.
The Company expects diluted earnings per share from continuing operations for the full fiscal year 2010 to increase approximately 1 to 3 percent over adjusted diluted earnings per share from continuing operations, excluding specified items, of $4.95 for the fiscal year 2009, or 7 to 9 percent excluding the estimated unfavorable impact from foreign currency translation.
Conference Call Information
A conference call regarding BD’s fourth fiscal quarter and full year results and its expectations for fiscal year 2010 will be broadcast live on BD’s website, www.bd.com/investors, along with related slides, at 10:00 a.m. (ET) Wednesday, November 4, 2009. The conference call will be available for replay through the close of business on November 11, 2009 on BD’s website, www.bd.com/investors, or at 1-800-642-1687 (domestic) and 1-706-645-9291 (international), access code 34687454.
This news release contains certain non-GAAP financial measures. A reconciliation of these and other measures to the comparable GAAP measures is included in this release and in the attached financial tables, as well as in the Form 8-K that BD filed today with the SEC.
About BD
BD is a leading global medical technology company that develops, manufactures and sells medical devices, instrument systems and reagents. The Company is dedicated to improving people’s health throughout the world. BD is focused on improving drug delivery, enhancing the quality and speed of diagnosing infectious diseases and cancers, and advancing research, discovery and production of new drugs and vaccines. BD’s capabilities are instrumental in combating many of the world’s most pressing diseases. Founded in 1897 and headquartered in Franklin Lakes, New Jersey, BD employs approximately 29,000 associates in approximately 50 countries throughout the world. The Company serves healthcare institutions, life science researchers, clinical laboratories, the pharmaceutical industry and the general public. For more information, please visit www.bd.com.
***
This press release, including the section entitled “Fiscal 2010 Outlook for Full Year,” contains certain estimates and other forward-looking statements (as defined under Federal securities laws) regarding BD’s performance, including future revenues, earnings per share and income, or events or developments that BD expects to occur or anticipates occurring in the future. All such statements are based upon current expectations of BD and involve a number of business risks and uncertainties. Actual results could vary materially from anticipated results described, implied or projected in any forward-looking statement. With respect to forward-looking statements contained herein, a number of factors could cause actual results to vary materially from any forward-looking statement. For instance, various healthcare reform proposals, if enacted, would impose an excise tax applicable to medical device manufacturers, including BD, and these may be effective in calendar year 2010. Other factors include, but are not limited to: adverse changes in regional, national or foreign economic conditions, including any impact that may result from the current global economic downturn on our ability to access credit markets and finance our operations, the demand for our products and services, or our suppliers’ ability to provide products needed for our operations; changes in interest or foreign currency exchange rates, particularly in light of increased volatility in currency exchange rates; potential healthcare reform, including changes in government pricing and reimbursement policies or

 


 

other cost containment reforms; competitive factors; pricing and market share pressures; difficulties inherent in product development and delays in product introductions; increases in energy costs and their effect on, among other things, the cost of producing BD’s products; fluctuations in costs and availability of raw materials and in BD’s ability to maintain favorable supplier arrangements and relationships; uncertainties of litigation (as described in BD’s filings with the Securities and Exchange Commission); the effects of potential pandemic diseases; our ability to successfully integrate any businesses we acquire; and issuance of new or revised accounting standards, as well as other factors discussed in BD’s filings with the Securities and Exchange Commission. We do not intend to update any forward-looking statements to reflect events or circumstances after the date hereof except as required by applicable laws or regulations.

 


 

BECTON DICKINSON AND COMPANY
CONSOLIDATED INCOME STATEMENTS
(Unaudited; Amounts in thousands, except per share data)
                         
    Three Months Ended September 30,
    2009   2008   % Change
 
 
                       
REVENUES
  $ 1,897,733     $ 1,812,156       4.7  
 
                       
Cost of products sold
    911,911       880,372       3.6  
Selling and administrative
    432,477       432,399       0.0  
Research and development
    113,737       108,463       4.9  
 
TOTAL OPERATING COSTS AND EXPENSES
    1,458,125       1,421,234       2.6  
 
 
                       
OPERATING INCOME
    439,608       390,922       12.5  
 
                       
Interest income
    14,418       6,879     NM
Interest expense
    (13,782 )     (8,889 )     55.0  
Other expense, net
    (3,312 )     (1,734 )   NM
 
 
                       
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES
    436,932       387,178       12.9  
 
                       
Income tax provision
    131,175       108,216       21.2  
 
 
                       
INCOME FROM CONTINUING OPERATIONS
    305,757       278,962       9.6  
 
                       
INCOME FROM DISCONTINUED OPERATIONS NET OF INCOME TAX PROVISION OF $3,334 AND $1,222, RESPECTIVELY
    11,463       3,212     NM
 
 
                       
NET INCOME
  $ 317,220     $ 282,174       12.4  
 
 
                       
EARNINGS PER SHARE
                       
 
                       
Basic:
                       
Income from continuing operations
  $ 1.28     $ 1.14       12.3  
Income from discontinued operations
  $ 0.05     $ 0.01     NM
Net income (1)
  $ 1.33     $ 1.16       14.7  
 
                       
Diluted:
                       
Income from continuing operations
  $ 1.25     $ 1.11       12.6  
Income from discontinued operations
  $ 0.05     $ 0.01     NM
Net income (1)
  $ 1.29     $ 1.12       15.2  
 
 
                       
AVERAGE SHARES OUTSTANDING
                       
 
                       
Basic
    239,162       243,863          
Diluted
    245,056       251,197          
 
NM — Not Meaningful
(1)   Total per share amounts may not add due to rounding

Page 1


 

BECTON DICKINSON AND COMPANY
CONSOLIDATED INCOME STATEMENTS
(Unaudited; Amounts in thousands, except per share data)
                         
    Twelve Months Ended September 30,
    2009   2008   % Change
 
 
                       
REVENUES
  $ 7,160,874     $ 7,074,942       1.2  
 
                       
Cost of products sold
    3,397,598       3,446,838       (1.4 )
Selling and administrative
    1,704,795       1,695,610       0.5  
Research and development
    408,128       395,631       3.2  
 
TOTAL OPERATING COSTS AND EXPENSES
    5,510,521       5,538,079       (0.5 )
 
 
                       
OPERATING INCOME
    1,650,353       1,536,863       7.4  
 
                       
Interest income
    33,148       39,368       (15.8 )
Interest expense
    (40,389 )     (36,343 )     11.1  
Other expense, net
    (3,850 )     (1,484 )   NM
 
 
                       
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES
    1,639,262       1,538,404       6.6  
 
                       
Income tax provision
    426,208       422,537       0.9  
 
 
                       
INCOME FROM CONTINUING OPERATIONS
    1,213,054       1,115,867       8.7  
 
                       
INCOME FROM DISCONTINUED OPERATIONS NET OF INCOME TAX PROVISION OF $5,014 AND $2,585, RESPECTIVELY
    18,549       11,129     NM
 
 
                       
NET INCOME
  $ 1,231,603     $ 1,126,996       9.3  
 
 
                       
 
                       
EARNINGS PER SHARE
                       
 
                       
Basic:
                       
Income from continuing operations
  $ 5.04     $ 4.57       10.3  
Income from discontinued operations
  $ 0.08     $ 0.05     NM
Net income (1)
  $ 5.12     $ 4.61       11.1  
 
                       
Diluted:
                       
Income from continuing operations
  $ 4.92     $ 4.42       11.3  
Income from discontinued operations
  $ 0.08     $ 0.04     NM
Net income (1)
  $ 4.99     $ 4.46       11.9  
 
 
                       
AVERAGE SHARES OUTSTANDING
                       
Basic
    240,479       244,323          
Diluted
    246,798       252,681          
 
NM — Not Meaningful
(1)   Total per share amounts may not add due to rounding

Page 2


 

BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY SEGMENT AND GEOGRAPHIC AREA
(Unaudited; Amounts in thousands)
                         
    Three Months Ended September 30,
    2009   2008   % Change
     
 
                       
BD MEDICAL
                       
United States
  $ 410,925     $ 374,487       9.7  
International
    594,573       555,109       7.1  
 
TOTAL
  $ 1,005,498     $ 929,596       8.2  
 
 
                       
BD DIAGNOSTICS
                       
United States
  $ 305,488     $ 281,148       8.7  
International
    274,521       271,918       1.0  
 
TOTAL
  $ 580,009     $ 553,066       4.9  
 
 
                       
BD BIOSCIENCES
                       
United States
  $ 123,225     $ 136,749       (9.9 )
International
    189,001       192,745       (1.9 )
 
TOTAL
  $ 312,226     $ 329,494       (5.2 )
 
 
                       
TOTAL REVENUES
                       
United States
  $ 839,638     $ 792,384       6.0  
International
    1,058,095       1,019,772       3.8  
 
TOTAL
  $ 1,897,733     $ 1,812,156       4.7  
 

Page 3


 

BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY SEGMENT AND GEOGRAPHIC AREA
(Unaudited; Amounts in thousands)
                         
    Twelve Months Ended September 30,
    2009   2008   % Change
 
                       
BD MEDICAL
                       
United States
  $ 1,577,986     $ 1,524,204       3.5  
International
    2,152,860       2,195,831       (2.0 )
 
TOTAL
  $ 3,730,846     $ 3,720,035       0.3  
 
 
                       
BD DIAGNOSTICS
                       
United States
  $ 1,177,543     $ 1,121,843       5.0  
International
    1,048,676       1,037,968       1.0  
 
TOTAL
  $ 2,226,219     $ 2,159,811       3.1  
 
 
                       
BD BIOSCIENCES
                       
United States
  $ 449,151     $ 470,641       (4.6 )
International
    754,658       724,455       4.2  
 
TOTAL
  $ 1,203,809     $ 1,195,096       0.7  
 
 
                       
TOTAL REVENUES
                       
United States
  $ 3,204,680     $ 3,116,688       2.8  
International
    3,956,194       3,958,254       (0.1 )
 
TOTAL
  $ 7,160,874     $ 7,074,942       1.2  
 

Page 4


 

BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND UNITS
Three Months Ended September 30,
(Unaudited; Amounts in thousands)
                         
    United States
    2009   2008   % Change
 
                       
BD MEDICAL
                       
Medical Surgical Systems
  $ 267,070     $ 248,111       7.6  
Diabetes Care
    88,590       82,445       7.5  
Pharmaceutical Systems
    48,353       37,512       28.9  
Ophthalmic Systems
    6,912       6,419       7.7  
 
TOTAL
  $ 410,925     $ 374,487       9.7  
 
 
                       
BD DIAGNOSTICS
                       
Preanalytical Systems
  $ 156,328     $ 145,987       7.1  
Diagnostic Systems
    149,160       135,161       10.4  
 
TOTAL
  $ 305,488     $ 281,148       8.7  
 
 
                       
BD BIOSCIENCES
                       
Cell Analysis
  $ 84,179     $ 98,883       (14.9 )
Discovery Labware
    39,046       37,866       3.1  
 
TOTAL
  $ 123,225     $ 136,749       (9.9 )
 
 
                       
TOTAL UNITED STATES
  $ 839,638     $ 792,384       6.0  
 

Page 5


 

BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND UNITS
Three Months Ended September 30, (continued)
(Unaudited; Amounts in thousands)
                                         
    International
                    % Change
    2009   2008   Reported   FX Neutral   FX Impact
 
                                       
BD MEDICAL
                                       
Medical Surgical Systems
  $ 265,904     $ 261,190       1.8       11.0       (9.2 )
Diabetes Care
    92,098       92,593       (0.5 )     5.1       (5.6 )
Pharmaceutical Systems
    224,195       188,773       18.8       26.7       (7.9 )
Ophthalmic Systems
    12,376       12,553       (1.4 )     5.4       (6.8 )
 
TOTAL
  $ 594,573     $ 555,109       7.1       15.2       (8.1 )
 
 
                                       
BD DIAGNOSTICS
                                       
Preanalytical Systems
  $ 138,297     $ 141,119       (2.0 )     5.5       (7.5 )
Diagnostic Systems
    136,224       130,799       4.1       8.7       (4.6 )
 
TOTAL
  $ 274,521     $ 271,918       1.0       7.0       (6.0 )
 
 
                                       
BD BIOSCIENCES
                                       
Cell Analysis
  $ 150,055     $ 154,719       (3.0 )     (0.3 )     (2.7 )
Discovery Labware
    38,946       38,026       2.4       3.4       (1.0 )
 
TOTAL
  $ 189,001     $ 192,745       (1.9 )     0.4       (2.3 )
 
 
                                       
TOTAL INTERNATIONAL
  $ 1,058,095     $ 1,019,772       3.8       10.2       (6.4 )
 

Page 6


 

BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND UNITS
Three Months Ended September 30, (continued)
(Unaudited; Amounts in thousands)
                                         
    Total
                    % Change
    2009   2008   Reported   FX Neutral   FX Impact
 
                                       
BD MEDICAL
                                       
Medical Surgical Systems
  $ 532,974     $ 509,301       4.6       9.3       (4.7 )
Diabetes Care
    180,688       175,038       3.2       6.2       (3.0 )
Pharmaceutical Systems
    272,548       226,285       20.4       27.1       (6.7 )
Ophthalmic Systems
    19,288       18,972       1.7       6.2       (4.5 )
 
TOTAL
  $ 1,005,498     $ 929,596       8.2       13.0       (4.8 )
 
 
                                       
BD DIAGNOSTICS
                                       
Preanalytical Systems
  $ 294,625     $ 287,106       2.6       6.3       (3.7 )
Diagnostic Systems
    285,384       265,960       7.3       9.5       (2.2 )
 
TOTAL
  $ 580,009     $ 553,066       4.9       7.8       (2.9 )
 
 
                                       
BD BIOSCIENCES
                                       
Cell Analysis
  $ 234,234     $ 253,602       (7.6 )     (6.0 )     (1.6 )
Discovery Labware
    77,992       75,892       2.8       3.3       (0.5 )
 
TOTAL
  $ 312,226     $ 329,494       (5.2 )     (3.8 )     (1.4 )
 
 
                                       
TOTAL REVENUES
  $ 1,897,733     $ 1,812,156       4.7       8.4       (3.7 )
 

Page 7


 

BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND UNITS
Twelve Months Ended September 30,
(Unaudited; Amounts in thousands)
                         
    United States
    2009   2008   % Change
     
BD MEDICAL
                       
Medical Surgical Systems
  $ 1,021,846     $ 977,262       4.6  
Diabetes Care
    351,618       332,545       5.7  
Pharmaceutical Systems
    177,529       189,394       (6.3 )
Ophthalmic Systems
    26,993       25,003       8.0  
 
TOTAL
  $ 1,577,986     $ 1,524,204       3.5  
 
 
                       
BD DIAGNOSTICS
                       
Preanalytical Systems
  $ 608,754     $ 574,378       6.0  
Diagnostic Systems
    568,789       547,465       3.9  
 
TOTAL
  $ 1,177,543     $ 1,121,843       5.0  
 
 
                       
BD BIOSCIENCES
                       
Cell Analysis
  $ 303,846     $ 324,698       (6.4 )
Discovery Labware
    145,305       145,943       (0.4 )
 
TOTAL
  $ 449,151     $ 470,641       (4.6 )
 
 
                       
TOTAL UNITED STATES
  $ 3,204,680     $ 3,116,688       2.8  
 

Page 8


 

BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND UNITS
Twelve Months Ended September 30, (continued)
(Unaudited; Amounts in thousands)
                                         
    International
                    % Change
    2009   2008   Reported   FX Neutral   FX Impact
     
BD MEDICAL
                                       
Medical Surgical Systems
  $ 963,083     $ 1,027,592       (6.3 )     4.5       (10.8 )
Diabetes Care
    363,319       361,807       0.4       7.9       (7.5 )
Pharmaceutical Systems
    774,914       752,742       2.9       10.9       (8.0 )
Ophthalmic Systems
    51,544       53,690       (4.0 )     4.1       (8.1 )
 
TOTAL
  $ 2,152,860     $ 2,195,831       (2.0 )     7.2       (9.2 )
 
 
                                       
BD DIAGNOSTICS
                                       
Preanalytical Systems
  $ 534,677     $ 549,150       (2.6 )     6.8       (9.4 )
Diagnostic Systems
    513,999       488,818       5.2       11.2       (6.0 )
 
TOTAL
  $ 1,048,676     $ 1,037,968       1.0       8.9       (7.9 )
 
 
                                       
BD BIOSCIENCES
                                       
Cell Analysis
  $ 600,671     $ 575,813       4.3       5.9       (1.6 )
Discovery Labware
    153,987       148,642       3.6       4.2       (0.6 )
 
TOTAL
  $ 754,658     $ 724,455       4.2       5.5       (1.3 )
 
 
                                       
TOTAL INTERNATIONAL
  $ 3,956,194     $ 3,958,254       (0.1 )     7.4       (7.5 )
 

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BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND UNITS
Twelve Months Ended September 30, (continued)
(Unaudited; Amounts in thousands)
                                         
    Total
                    % Change
    2009   2008   Reported   FX Neutral   FX Impact
     
BD MEDICAL
                                       
Medical Surgical Systems
  $ 1,984,929     $ 2,004,854       (1.0 )     4.5       (5.5 )
Diabetes Care
    714,937       694,352       3.0       6.8       (3.8 )
Pharmaceutical Systems
    952,443       942,136       1.1       7.4       (6.3 )
Ophthalmic Systems
    78,537       78,693       (0.2 )     5.3       (5.5 )
 
TOTAL
  $ 3,730,846     $ 3,720,035       0.3       5.7       (5.4 )
 
 
                                       
BD DIAGNOSTICS
                                       
Preanalytical Systems
  $ 1,143,431     $ 1,123,528       1.8       6.4       (4.6 )
Diagnostic Systems
    1,082,788       1,036,283       4.5       7.4       (2.9 )
 
TOTAL
  $ 2,226,219     $ 2,159,811       3.1       6.8       (3.7 )
 
 
                                       
BD BIOSCIENCES
                                       
Cell Analysis
  $ 904,517     $ 900,511       0.4       1.4       (1.0 )
Discovery Labware
    299,292       294,585       1.6       1.9       (0.3 )
 
TOTAL
  $ 1,203,809     $ 1,195,096       0.7       1.5       (0.8 )
 
 
                                       
TOTAL REVENUES
  $ 7,160,874     $ 7,074,942       1.2       5.4       (4.2 )
 

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BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
SAFETY REVENUES
(Unaudited; Amounts in thousands)
                                         
    Three Months Ended September 30,
                    % Change
    2009   2008   Reported   FX Neutral   FX Impact
     
TOTAL SAFETY REVENUES
                                       
United States
  $ 282,286     $ 261,007       8.2       8.2       —  
International
    150,906       143,258       5.3       13.5       (8.2 )
 
TOTAL
  $ 433,192     $ 404,265       7.2       10.0       (2.8 )
 
 
 
BY SEGMENT:
                                       
BD Medical
  $ 211,049     $ 191,813       10.0       12.1       (2.1 )
BD Diagnostics
    222,143       212,452       4.6       8.1       (3.5 )
 
TOTAL
  $ 433,192     $ 404,265       7.2       10.0       (2.8 )
 
                                         
    Twelve Months Ended September 30,
                    % Change
    2009   2008   Reported   FX Neutral   FX Impact
     
TOTAL SAFETY REVENUES
                                       
United States
  $ 1,079,000     $ 1,035,615       4.2       4.2       —  
International
    570,674       534,055       6.9       17.3       (10.4 )
 
TOTAL
  $ 1,649,674     $ 1,569,670       5.1       8.6       (3.5 )
 
 
 
BY SEGMENT:
                                       
BD Medical
  $ 786,033     $ 748,722       5.0       7.7       (2.7 )
BD Diagnostics
    863,641       820,948       5.2       9.5       (4.3 )
 
TOTAL
  $ 1,649,674     $ 1,569,670       5.1       8.6       (3.5 )
 

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