Company: DHR
Filing Date: 2025-03-26
Form Type: ARS
Source: 0000313616-25-000085
Chunk: 144

Company: DANAHER CORP /DE/
Filing Date: 2025-03-26
Form: ARS
Chunk 144
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695 $ 1,672 Long-term debt 15,500 13,109 16,707 14,415 As of December 31, 2024 and 2023, short and long-term borrowings were categorized as Level 1. The fair value of long- term borrowings was based on quoted market prices. The difference between the fair value and the carrying amounts of long-term borrowings is attributable to changes in market interest rates and/or the Company’s credit ratings subsequent to the incurrence of the borrowing. The fair values of borrowings with original maturities of one year or less, as well as cash and cash equivalents, trade accounts receivable, net and trade accounts payable generally approximate their carrying amounts due to the short-term maturities of these instruments. Refer to Note 15 for information related to the fair value of the Company sponsored defined benefit pension plan assets. NOTE 12. ACCRUED EXPENSES AND OTHER LIABILITIES Accrued expenses and other liabilities as of December 31 were as follows ($ in millions): 2024 2023 Current Noncurrent Current Noncurrent Compensation and benefits $ 1,101 $ 289 $ 1,127 $ 254 Pension and postretirement benefits 56 560 57 544 Taxes, income and other 568 3,138 582 3,428 Contract liabilities 1,299 232 1,465 249 Sales and product allowances 185 6 155 6 Operating lease liabilities 173 968 180 954 Contract settlement financing payable 75 287 75 354 Other 1,083 214 1,172 228 Total $ 4,540 $ 5,694 $ 4,813 $ 6,017 81

NOTE 13. FINANCING The components of the Company’s debt as of December 31 were as follows (amounts in millions): Outstanding Amount Description and Aggregate Principal Amount 2024 2023 Euro-denominated commercial paper (€931 million and €929 million, respectively)(e) $ 965 $ 1,026 1.7% senior unsecured notes due 3/30/2024 (€900 million) (the “2024 Euronotes”)(f) — 993 2.2% senior unsecured notes due 11/15/2024 ($700 million) (the “2024 Biopharma Notes”)(b) — 699 3.35% senior unsecured