BD Files 8-K: Debt Maturities and Financial Disclosures

TL;DR

BD dropped an 8-K detailing its debt schedule - check the maturity dates and rates.

AI Summary

On October 2, 2024, Becton, Dickinson and Company (BD) filed an 8-K to report on its financial statements and exhibits. The filing includes details about various debt instruments, such as notes due in 2025, 2026, 2031, 2032, and 2036, with varying interest rates. This filing serves as a standard disclosure for the company's financial reporting.

Why It Matters

This filing provides investors with updated information on Becton Dickinson's outstanding debt obligations and their associated maturity dates and interest rates, which are crucial for assessing the company's financial health and leverage.

Risk Assessment

Risk Level: low — This is a routine financial disclosure filing with no new material events or significant changes reported.

Key Numbers

• 2025 — Note Maturity Year (Includes notes due May 24, 2025 and August 13, 2025.)
• 2026 — Note Maturity Year (Includes notes due December 15, 2026 and June 4, 2026.)
• 2031 — Note Maturity Year (Includes notes due February 8, 2031.)
• 2032 — Note Maturity Year (Includes notes due June 7, 2032.)
• 2036 — Note Maturity Year (Includes notes due February 12, 2036.)

Key Players & Entities

• BECTON DICKINSON & CO (company) — Filer
• October 2, 2024 (date) — Report Date
• 2018476800 (phone_number) — Business Phone
• 07417-1880 (zip_code) — Business Address Zip
• NJ (state) — Business Address State
• FRANKLIN LAKES (city) — Business Address City
• ONE BECTON DR (street) — Business Address Street

FAQ

Key Financial Figures

• $1.00 B — ch registered Common stock, par value $1.00 BDX New York Stock Exchange 1.900% Notes

Filing Documents

• bdx-20241002.htm (8-K) — 44KB
• bd_newsxherniamasstortsett.htm (EX-99.1) — 13KB
• image_0a.jpg (GRAPHIC) — 135KB
• 0000010795-24-000071.txt ( ) — 458KB
• bdx-20241002.xsd (EX-101.SCH) — 4KB
• bdx-20241002_def.xml (EX-101.DEF) — 20KB
• bdx-20241002_lab.xml (EX-101.LAB) — 36KB
• bdx-20241002_pre.xml (EX-101.PRE) — 20KB
• bdx-20241002_htm.xml (XML) — 9KB

01. Regulation FD Disclosure

ITEM 7.01. Regulation FD Disclosure. On October 2, 2024, Becton, Dickinson and Company ("BD") issued a press release related to its agreement to resolve the vast majority of its existing hernia litigation (the "Settlement"), including cases in both the Rhode Island consolidated litigation and the federal multidistrict litigation in Ohio. The aggregate amount payable pursuant to the Settlement (the "Settlement Amount") is within BD's current product litigation reserve for this matter and will be paid out over a multi-year period. As a result, the Settlement Amount is already recorded as a liability within BD's consolidated balance sheet and the Settlement will not result in an incremental charge to BD's consolidated income statement. The multi-year payment structure was contemplated as part of BD's cash flow planning process and was included in BD's previously communicated free cash flow goals and capital allocation strategy. The Settlement does not include any admission of liability or wrongdoing, and BD continues to dispute the allegations in these matters. BD will continue to vigorously defend itself in cases not resolved through this agreement. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated into this Item 7.01 by reference. The information in this Item 7.01 shall neither be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act.

Forward Looking Statements

Forward Looking Statements This report contains forward-looking statements (as defined under Federal securities laws) regarding the hernia mass tort litigation settlement, including statements regarding the potential impact of the settlement on the existing litigation relating to the products that are the subject of the settlement. These statements may be identified by words such as "believes", "will" and other similar expressions. Forward-looking statements are based on management's current expectations, estimates, assumptions, and projections, and are subject to significant uncertainties and other factors, many of which are beyond BD's control. Factors that could cause actual results to differ materially include, but are not limited to, whether the anticipated level of participation by plaintiffs in the settlement will be achieved or will fall below the level that would permit BD to terminate the settlement, the number of claims made by plaintiffs that decline to participate in the settlement, whether the settlement is appealed or challenged, and the filing of future claims by plaintiffs that are not covered by the settlement, and the outcome of any pending or future litigation relating to the products that are the subject of the settlement. BD is subject to additional risks and uncertainties as described in BD's latest Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. BD does 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.

01. FINANCIAL STATEMENTS AND EXHIBITS

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS. Exhibit 99.1 Press release dated October 2, 2024, which is furnished pursuant to Item 7.01. Exhibit 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BECTON, DICKINSON AND COMPANY (Registrant) By: /s/ Stephanie M. Kelly Stephanie M. Kelly Associate General Counsel, Securities and Governance and Assistant Secretary Date: October 2, 2024

View Full Filing

View this 8-K filing on SEC EDGAR