CREDO VALUES

Written in 1943 by Robert Wood Johnson, our chairman for many years, the
Credo serves as our moral compass, an enduring guide to the way in which we try to run our business. While some of the language of the Credo has been updated over the years, the spirit of the document has not changed from when it was first published. The Credo provides a constant reminder of our responsibilities to be fair and honest, trustworthy and respectful, in dealing with all of our constituents:

• Our customers, who use our products and services
• Our employees, whose creative energies supply our products and services
• The communities in which we live and work
• Our shareholders, who have invested their money in our company