Company: DHR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000313616-25-000043
Chunk: 260

Company: DANAHER CORP /DE/
Filing Date: 2025-02-20
Form: 10-K
Item: Item 5
Chunk 260
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129 133 123 Income tax benefit(26)(27)(25)Stock option expense, net of income taxes103 106 98 Total stock-based compensation:Pretax compensation expense288 306 295 Income tax benefit(59)(65)(61)Total stock-based compensation expense, net of income taxes$229 $241 $234 Stock-based compensation has been recognized as a component of selling, general and administrative expenses in the accompanying Consolidated Statements of Earnings.  As of December 31, 2024, $144 million of total unrecognized compensation cost related to RSUs/PSUs is expected to be recognized over a weighted average period of approximately two years.  As of December 31, 2024, $174 million of total unrecognized compensation cost related to stock options is expected to be recognized over a weighted average period of approximately two years.  Future compensation amounts will be adjusted for any changes in estimated forfeitures.The following summarizes option activity under the Company’s stock plans (in millions, except weighted exercise price and number of years):OptionsWeighted Average Exercise PriceWeighted Average Remaining Contractual Term (in years)Aggregate Intrinsic ValueOutstanding as of January 1, 202217.5 $112.91 Granted 2.6 236.68 Exercised (1.8)77.27 Cancelled/forfeited (0.7)184.80 Outstanding as of December 31, 202217.6 131.98 Granted2.8 218.69 Exercised(1.7)83.13 Cancelled/forfeited(0.9)178.71 Adjustment due to Separation(a)(2.1)154.67 Outstanding as of December 31, 202315.7 147.02 Granted1.6 252.97 Exercised(2.7)99.82 Cancelled/forfeited(0.5)234.19 Outstanding as of December 31, 202414.1 164.99 5$973 Vested and expected to vest as of December 31, 2024(b)13.9 $164.15 5$971 Vested as of December 31, 20248.7 $129.51 4$893 (a)    The “Adjustment due to Separation” reflects the cancellation of stock options