BDX 10-K Annual Report Sept. 30, 2022 | Alphaminr
BECTON DICKINSON & CO

BDX 10-K Fiscal year ended Sept. 30, 2022

BECTON DICKINSON & CO
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TABLE OF CONTENTS
Part IItem 1. BusinessItem 1A. Risk FactorsItem 1B. Unresolved Staff CommentsItem 2. PropertiesItem 3. Legal ProceedingsItem 4. Mine Safety DisclosuresPart IIItem 5. Market For Registrant S Common Equity, Related Stockholder Matters and Issuer Purchases Of Equity SecuritiesItem 6. (reserved)Item 7. Management S Discussion and Analysis Of Financial Condition and Results Of OperationsItem 7A. Quantitative and Qualitative Disclosures About Market RiskItem 8. Financial Statements and Supplementary DataNote 1 Summary Of Significant Accounting PoliciesNote 2 Spin-off Of Embecta CorpNote 3 Accounting ChangesNote 4 Shareholders EquityNote 5 Earnings Per ShareNote 6 Commitments and ContingenciesNote 7 RevenuesNote 8 Segment DataNote 9 Share-based CompensationNote 10 Benefit PlansNote 11 AcquisitionsNote 12 Business Restructuring ChargesNote 13 Intangible AssetsNote 14 Derivative Instruments and Hedging ActivitiesNote 15 Financial Instruments and Fair Value MeasurementsNote 16 DebtNote 17 Income TaxesNote 18 LeasesNote 19 Supplemental Financial InformationItem 9. Changes in and Disagreements with Accountants on Accounting and Financial DisclosureItem 9A. Controls and ProceduresItem 9B. Other InformationItem 9C. Disclosure Regarding Foreign Jurisdictions That Prevent InspectionsPart IIIItem 10. Directors, Executive Officers and Corporate GovernanceItem 11. Executive CompensationItem 12. Security Ownership Of Certain Beneficial Owners and Management and Related Stockholder MattersItem 13. Certain Relationships and Related Transactions, and Director IndependenceItem 14. Principal Accounting Fees and ServicesPart IVItem 15. Exhibits, Financial Statement SchedulesItem 16. Form 10-k Summary

Exhibits

3(a) Restated Certificate of Incorporation, dated as of January30, 2019. Incorporated by reference to Exhibit 3 to the registrants Quarterly Report on Form10-Q for the period ended December 31, 2018. 3(b) Certificate of Amendment to the Companys Restated Certificate of Incorporation, filed with the New Jersey Secretary of State and effective May 21, 2020. Incorporated by reference to Exhibit 4.1 to the registration statement on Form 8-A filed by the Company on May 26, 2020. 3(c) By-Laws, as amended as of September 20, 2022. Incorporated by reference to Exhibit 3.1 to the registrants Current Report on Form 8-K filed on September 23, 2022. 4(d) Form of 6.000% Notes due May 15, 2039. Incorporated by reference to Exhibit 4.2 to the registrant's Current Report on Form 8-K filed on May 13, 2009. 4(e) Form of 5.000% Notes due November 12, 2040. Incorporated by reference to Exhibit 4.2 to the registrants Current Report on Form 8-K filed on November 12, 2010. 4(f) Form of 3.734% Notes due December 15, 2024. Incorporated by reference to Exhibit 4.4 to the registrants Current Report on Form 8-K filed on December 15, 2014. 4(g) Form of 4.685% Notes due December 15, 2044. Incorporated by reference to Exhibit 4.5 to the registrants Current Report on Form 8-K filed on December 15, 2014. 4(h) Form of 3.875% Senior Notes due May 15, 2024. Incorporated by reference to Exhibit 4.5 to the registrants Current Report on Form 8-K filed on April 29, 2015. 4(i) Form of 4.875% Senior Notes due May 15, 2044. Incorporated by reference to Exhibit 4.6 to the registrants Current Report on Form 8-K filed on April 29, 2015. 4(j) Form of 1.000% Notes due December 15, 2022. Incorporated by reference to Exhibit 4.1 to the registrant's Current Report on Form 8-K filed on December 9, 2016. 4(k) Form of 1.900% Notes due December 15, 2026. Incorporated by reference to Exhibit 4.2 to the registrant's Current Report on Form 8-K filed on December 9, 2016. 4(l) Form of 3.363% Notes due June 6, 2024. Incorporated by reference to Exhibit 4.5 to the registrants Current Report on Form 8-K filed on June 6, 2017. 4(m) Form of 3.700% Notes due June 6, 2027. Incorporated by reference to Exhibit 4.6 to the registrants Current Report on Form 8-K filed on June 6, 2017. 4(n) Form of 4.669% Notes due June 6, 2047. Incorporated by reference to Exhibit 4.7 to the registrants Current Report on Form 8-K filed on June 6, 2017. 4(o) Form of Certificate for the 6.000% Mandatory Convertible Preferred Stock, Series B. Incorporated by reference to Exhibit 4.2 to the registrants registration statement on Form 8-A filed on May 26, 2020. 4(p) Deposit Agreement, dated as of May 26, 2020, among Becton, Dickinson and Company and Computershare Inc. and Computershare Trust Company, N.A., acting jointly as depositary and Computershare Trust Company, N.A., acting as Registrar and Transfer Agent, on behalf of the holders from time to time of the depositary receipts described therein. Incorporated by reference to Exhibit 4.3 to the registrants registration statement on Form 8-A filed on May 26, 2020. 4(q) Form of Depositary Receipt for the Depositary Shares. Incorporated by reference to Exhibit 4.4 to the registrants registration statement on Form 8-A filed on May 26, 2020. 4(r) Form of 6.700% Notes due December 1, 2026. Incorporated by reference to Exhibit 4.4 to the registrant's Current Report on Form 8-K filed on December 29, 2017. 4(t) First Supplemental Indenture, dated May18, 2017, between C. R. Bard, Inc. and The Bank of New York Mellon Trust Company, N.A., as trustee. Incorporated by reference to Exhibit 4.2 to the Current Report on Form 8-K of C.R. Bard, Inc. filed on May 23, 2017. 4(u) Form of 1.401% Notes due May 24, 2023. Incorporated by reference to Exhibit 4.1 to the registrant's Current Report on Form 8-K filed on May 24, 2018. 4(v) Form of 3.020% Notes due May 24, 2025. Incorporated by reference to Exhibit 4.2 to the registrant's Current Report on Form 8-K filed on May 24, 2018. 4(w) Indenture, dated as of May 17, 2019, among Becton Dickinson Euro Finance S. r.l. (Becton Finance), as issuer, Becton, Dickinson and Company, as guarantor, and The Bank of New York Mellon Trust Company, N.A., as trustee. Incorporated by reference to Exhibit 4.7 to the registrants Post-Effective Amendment to the Registration Statement on Form S-3 filed on May 17, 2019. 4(x) First Supplemental Indenture, dated as of June 4, 2019, among Becton Finance, as issuer, Becton, Dickinson and Company, as guarantor, and The Bank of New York Mellon Trust Company, N.A., as trustee. Incorporated by reference to Exhibit 4.1 to the registrant's Current Report on Form 8-K filed on June 4, 2019. 4(y) Form of 0.632% Note due June 4, 2023. Incorporated by reference to Exhibit 4.3 to the registrant's Current Report on Form 8-K filed on June 4, 2019. 4(z) Form of 1.208% Note due June 4, 2026. Incorporated by reference to Exhibit 4.4 to the registrant's Current Report on Form 8-K filed on June 4, 2019. 4(aa) Form of 2.823% Notes due May 20, 2030. Incorporated by reference to Exhibit 4.1 to the registrants Current Report on Form 8-K filed on May 20, 2020. 4(bb) Form of 3.794% Notes due May 20, 2050. Incorporated by reference to Exhibit 4.2 to the registrants Current Report on Form 8-K filed on May 20, 2020. 4(cc) Form of 1.957% Notes due February 11, 2031. Incorporated by reference to Exhibit 4.1 to the registrant's Current Report on Form 8-K filed on February 11, 2021. 4(dd) Second Supplemental Indenture, dated as of February 12, 2021, among Becton Finance, as issuer, Becton, Dickinson and Company, as guarantor, and The Bank of New York Mellon Trust Company, N.A., as trustee. Incorporated by reference to Exhibit 4.1 to the registrant's Current Report on Form 8-K filed on February 12, 2021. 4(ee) Form of 1.213% Note due February 12, 2036. Incorporated by reference to Exhibit 4.2 to the registrant's Current Report on Form 8-K filed on February 12, 2021. 4(ff) Third Supplemental Indenture, dated as of August 13, 2021, among Becton Finance, as issuer, Becton, Dickinson and Company, as guarantor, and The Bank of New York Mellon Trust Company, N.A., as trustee. Incorporated by reference to Exhibit 4.1 to the registrant's Current Report on Form 8-K filed on August 13, 2021. 4(gg) Form of 0.334% Notes due August 13, 2028. Incorporated by reference to Exhibit 4.2 to the registrant's Current Report on Form 8-K filed on August 13, 2021. 4(hh) Form of 1.336% Notes due August 13, 2041. Incorporated by reference to Exhibit 4.3 to the registrant's Current Report on Form 8-K filed on August 13, 2021. 4(ii) Form of 0.000% Notes due August 13, 2023. Incorporated by reference to Exhibit 4.2 to the registrants registration statement on Form 8-A filed on August 13, 2021. 4(jj) Form of 0.034% Notes due August 13, 2025. Incorporated by reference to Exhibit 4.3 to the registrants registration statement on Form 8-A filed on August 13, 2021. 4(kk) Form of 4.298% Notes due August 22, 2032. Incorporated by reference to Exhibit 4.1 to the registrant's Current Report on Form 8-K filed on August 22, 2022. 4(ll) Description of the Registrants Securities. Filed with this report. 10(a) Form of Employment Agreement with executive officers relating to employment following a change of control of the registrant (without tax reimbursement provisions).* Incorporated by reference to Exhibit 10(a)(ii) to the registrants Annual Report on Form10-K for the fiscal year ended September 30, 2013. 10(b) Stock Award Plan, as amended and restated as of January31, 2006.* Incorporated by reference to Exhibit 10(a) to the registrants Quarterly Report on Form10-Q for the period ended December31, 2005. 10(c) Performance Incentive Plan, as amended and restated August 30, 2022.* Filed with this report. 10(d) Deferred Compensation and Retirement Benefit Restoration Plan, as amended as of May 1, 2020.* Incorporated by reference to Exhibit 10.1 to the registrants Quarterly Report on Form10-Q for the period ended June 30, 2020. 10(e) 1996 Directors Deferral Plan, as amended and restated as of November 25, 2014.* Incorporated by reference to Exhibit 10.2 to the registrant's Current Report on Form 8-K filed on December 2, 2014. 10(f) Aircraft Time Sharing Agreement dated June 5, 2020, between the registrant and Thomas E. Polen.* Incorporated by reference to Exhibit 10.2 to the registrants Quarterly Report on Form10-Q for the period ended June 30, 2020. 10(g)(i) 2004 Employee and Director Equity-Based Compensation Plan, as amended and restated as of November 23, 2021.* Incorporated by reference to Exhibit 10(a) to the registrants Quarterly Report on Form10-Q for the period ended December 31, 2021. 10(g)(ii) French Addendum to the 2004 Employee and Director Equity-Based Compensation Plan dated January 21, 2019.* Incorporated by reference to Exhibit 10.2 to the registrant's Current Report on Form 8-K filed on January 31, 2020. 10(g)(iii) Terms of Awards under 2004 Employee and Director Equity-Based Compensation Plan and Stock Award Plan.* Incorporated by reference to Exhibit 10(g)(iii) to the registrants Annual Report on Form10-K for the fiscal year ended September 30, 2020. 10(h) Form of Commercial Paper Dealer Agreement. Incorporated by reference to Exhibit 10.1 to the registrants Current Report on Form 8-K filed on January 6, 2015. 10(i) Tax Matters Agreement, dated August 31, 2009, by and between Cardinal Health, Inc. and CareFusion Corporation. Incorporated by reference to Exhibit 10.3 to Cardinal Health, Inc.s Current Report on Form 8-K filed on September 4, 2009. 10(j) Term sheet, dated August 25, 2017, between the registrant and Samrat Khichi.* Incorporated by reference to Exhibit 10(o) to the registrants Annual Report on Form10-K for the fiscal year ended September 30, 2018. 10(l) Supplemental Insurance/Retirement Plan Agreement (as Amended and Restated) between C.R. Bard, Inc. and its executive officers.* Incorporated by reference to Exhibit 10be to the C.R. Bard, Inc. Quarterly Report on Form 10-Q for the period ended September 30, 2005. 10(m) 2005 Directors Stock Award Plan of C. R. Bard, Inc. (as Amended and Restated).* Incorporated by reference to Exhibit 10bw to the C.R. Bard, Inc. Annual Report on Form 10-K for the fiscal year ended December 31, 2010. 10(n) Letter Agreement, dated August 4, 2021, between the registrant and Christopher DelOrefice.* Incorporated by reference to Exhibit 10(n) to the registrants Annual Report on Form10-K for the fiscal year ended September 30, 2021. 10(o) Amended and Restated Credit Agreement, dated as of September 24, 2021, by and among Becton, Dickinson and Company, the other entities party thereto and Citibank, N.A., as administrative agent. Incorporated by reference to Exhibit 10.1 to the registrants Current Report on Form8-K filed September 27, 2021. 10(p) Advisory Board Consulting Agreement, dated October 31, 2022, by and between the registrant and Claire M. Fraser.* Filed with this report. 21 Subsidiaries of the registrant. Filed with this report. 22 Subsidiary Issuer of Guaranteed Securities. Filed with this report. 23 Consent of independent registered public accounting firm. Filed with this report. 31 Certifications of Chief Executive Officer and Chief Financial Officer, pursuant to SEC Rule13(a)-14(a). Filed with this report. 32 Certifications of Chief Executive Officer and Chief Financial Officer, pursuant to Section 1350 of Chapter 63 of Title 18 of the U.S. Code. Filed with this report.