Company: DHR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000313616-25-000043
Chunk: 233

Company: DANAHER CORP /DE/
Filing Date: 2025-02-20
Form: 10-K
Item: Item 5
Chunk 233
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 including investments in the partnerships.  

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The cross-currency swap derivative contracts are classified as Level 2 in the fair value hierarchy as they are measured using the income approach with the relevant interest rates and current foreign currency exchange rates and forward curves as inputs.  Refer to Note 14 for additional information.Fair Value of Other Financial InstrumentsThe carrying amounts and fair values of the Company’s other financial instruments as of December 31 were as follows ($ in millions):20242023Carrying AmountFair ValueCarrying AmountFair ValueDebt obligations:Notes payable and current portion of long-term debt$505 $502 $1,695 $1,672 Long-term debt15,500 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): 20242023 CurrentNoncurrentCurrentNoncurrentCompensation and benefits$1,101 $289 $1,127 $254 Pension and postretirement benefits56 560 57 544 Taxes, income and other568 3,138 582 3,428 Contract liabilities1,299 232 1,465 249 Sales and product allowances185 6 155 6 Operating lease liabilities173 968 180 954 Contract settlement financing payable75 287 75 354 Other1,083 214 1,172 228 Total$4,540 $5,694 $4,813 $6,017 

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NOTE 13.  FINANCING 

The components of