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But in recent years nearly a dozen juries have concluded that J&J knew some of its Baby Powder and Shower-to-Shower products contained asbestos and did not make the information available to consumers, the report said. Such cases have cost J&J more than $5 billion in payouts to plaintiffs, the report said.
J&J has since sold the Shower-to-Shower brand to another company that has an agreement with J&J protecting it from any asbestos lawsuits linked to the brand, according to Bloomberg.
In March, a jury in California awarded $29 million to a woman who claimed J&J products caused her terminal cancer.
Last December, J&J shares suffered their worst loss in 16 years after Reuters reported the company knew for decades about asbestos content in its products. The company forcefully denied the veracity of the Reuters report.
The Associated Press contributed to this report.