Pros
Name brand - everyone knows J&J. Benefits are ok (not great), compensation is good if you are willing to stay 5+ years to get that pension, Gorsky knows how to milk the press for all that it is worth (just look at the COVID vaccine stuff)
Cons
Where do I begin? J&J has a terrible company culture. Mediocrity and incompetence are rewarded. Leadership promotes based on who they like, zero evaluation of employee's skills. Lots of paper pushers because talented people are "threats" to the middle management who are extremely lazy. HR protects managers and directors while using buzzwords to make it sound like they are inclusive and care about talent. Most talented engineers leave early career if they can - once you reach a certain mid career "level", it is hard to leave and so you are basically stuck. J&J's acquisitions are a joke - they essentially botch every one of them by gutting the acquired company and bringing in their less talented and less competent management.