Company: DHR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000313616-25-000043
Chunk: 60

Company: DANAHER CORP /DE/
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 60
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 the following amounts that have not yet been recognized in net periodic postretirement benefit cost: unrecognized prior service credits of $6 million ($4 million, after-tax) and unrecognized actuarial losses of $6 million ($4 million, after-tax).  The unrecognized losses and prior service credits, net, is calculated as the difference between the actuarially determined projected benefit obligation and the value of the plan assets less accrued benefit costs as of December 31, 2024.  Selection of Expected Rate of Return on AssetsFor the years ended December 31, 2024, 2023 and 2022, the Company used an expected long-term rate of return assumption of 6.8% for its U.S. defined benefit pension plan.  The Company intends to use an expected long-term rate of return assumption of 6.8% for 2025 for such plan.  This expected rate of return reflects the asset allocation of the plan, and is based primarily on broad, publicly-traded equity and fixed-income indices and forward-looking estimates of active portfolio and investment management.  Long-term rate of return on asset assumptions for the non-U.S. plans were determined on a plan-by-plan basis based on the composition of assets and ranged from 0.8% to 7.0% in 2024 and 0.8% to 6.8% in 2023, with a weighted average rate of return assumption of 4.2% in 2024 and 4.6% in 2023.  Pension Plan AssetsThe U.S. pension plan’s goal is to maintain between 60% and 70% of its assets in equity portfolios, which are invested in individual equity securities or funds that are expected to mirror broad market returns for equity securities or in assets with characteristics similar to equity investments, such as venture capital funds and partnerships.  Asset holdings are periodically rebalanced when equity holdings are outside this range.  The balance of the U.S. plan asset portfolio is invested in bond funds, real estate funds, various absolute and real return funds and private equity funds.  Non-U.S. plan assets are invested in various insurance contracts, equity and debt securities as determined by the administrator of each plan.  The value of the plan assets directly affects the funded status of the Company’s pension plans recorded in the Consolidated Financial Statements.The Company has certain investments that are valued using Net Asset Value (“NAV”) as the practical expedient.  In addition, certain of the investments valued