The first defense of automakers is their cars meet Federal standards. Doesn’t always work tho. iirc, the thing about the earplugs is they were double ended. Putting one end in your ear provided good protection against everything. Putting the other end in your ear was supposed to protect against explosions and gunfire, but still allow you to hear conversation. It is the “conversation” end that failed to protect from gunfire, as advertised.
The thing about the spin-offs is to protect the mother ship from liability. J&J’s failing is it set up a fake company, with no products, and no revenues, to bear the liability. JNJ would fund it with some $2B, to pay claims, and wash it’s hands of the affair. The fake company declared BK the day it was formed, the intent being the $2B would be divided among the claimants, and that would be the end of it, while the mother ships sails along, booking $Billions/year of profits. That scheme was thrown out by the BK court, so JNJ sweetened the pot, to $8.9B, with the same scheme, to draw a line under it’s claims expense.
I figure the JNJ consumer products spinoff is a backup plan, if the fake company scheme is totally thrown out. Consumer products has products, and revenues, vs the totally fake company JNJ created. Baby powder is clearly a consumer product, so, if the fake company scheme fails, the liability would fall on consumer products. If consumer products goes BK in a few years, as Garrett did after Honeywell spun it off, anyone trying to put the bite on the mother ship is going to have an uphill fight. (the scheme failed in Honeywell’s case, because Garrett never made any products with asbestos, so the BK court threw out the provision that Garrett pay Honeywell’s asbestos liability)
I’m pretty confident that 3M’s health care spin is working the same plan as JNJ’s consumer products spin. If 3M’s scheme to declare the fully consolidated division that made the plugs BK, while the mother ship books $Billions in profits. fails, and it isn’t looking good, I expect the initial press release to be superseded by a new plan, appending the ear plug division to health care, a real company with products and revenues, and hearing protection can be deemed “health care”, more so that it is sticky tape.