Company: DHR
Filing Date: 2025-03-26
Form Type: ARS
Source: 0000313616-25-000085
Chunk: 103

Company: DANAHER CORP /DE/
Filing Date: 2025-03-26
Form: ARS
Chunk 103
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 a tax position may arise for multiple reasons, including because tax laws are subject to interpretation. The Company applies the applicable tax law and judgment to (1) determine whether, based on the technical merits, a tax position is more likely than not to be sustained and (2) measure the amount of tax benefit that qualifies for recognition. As of December 31, 2024, the Company’s gross unrecognized tax benefits related to uncertain tax positions were approximately $1.2 billion. Auditing the recognition and measurement of certain of the Company’s tax positions including the evaluation of whether such tax position is more likely than not to be sustained, and if applicable the measurement of the benefit, is complex and required the use of tax subject matter resources. How We Addressed the Matter in Our Audit We tested controls over management’s accounting for tax positions, including assessment of the technical merits of tax positions and if applicable, the measurement of the benefit of the tax position. To evaluate whether the technical merits of certain of the Company’s income tax positions are more likely than not sustainable, our audit procedures included, among others, evaluation of applicable tax law, court cases, tax regulations and other regulatory guidance by our tax subject matter resources. For certain of the income tax positions, we also involved tax subject matter resources in corroborating our understanding of the relevant facts, examining the Company’s analysis, evaluating relevant correspondence with the tax authority and reading third-party advice obtained by management, as applicable. We also evaluated the adequacy of the Company’s disclosures included in Note 7 to the consolidated financial statements. /s/ Ernst & Young LLP We have served as the Company’s auditor since 2002. Tysons, Virginia February 20, 2025 55

DANAHER CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS ($ in millions, except per share amount) As of December 31 2024 2023 ASSETS Current assets: Cash and equivalents $ 2,078 $ 5,864 Trade accounts receivable, less allowance for doubtful accounts of $113 as of December 31, 2024 and $120 as of December 31, 2023 3,537 3,922 Inventories 2,330 2,594 Prepaid expenses and other current assets 1,552 1,557 Total current assets 9,497 13,937 Property, plant and equipment, net 4,990 4,553 Other long-term assets 3,990 3,644 Goodwill