Company: DHR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000313616-25-000043
Chunk: 34

Company: DANAHER CORP /DE/
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 34
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, the total amount of the basis difference in investments indefinitely reinvested outside the United States for which deferred taxes have not been provided is approximately $14.2 billion.  The income taxes applicable to repatriating such earnings are not readily determinable.  As of December 31, 2024, the Company had no plans which would subject these basis differences to income taxes in the United States or elsewhere.The Tax Cuts and Jobs Act (“TCJA”) imposes tax on U.S. shareholders for global intangible low-taxed income (“GILTI”) earned by certain non-U.S. subsidiaries.  The Company has elected the period cost method for its accounting for GILTI.

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The effective income tax rate from continuing operations for the years ended December 31 varies from the U.S. statutory federal income tax rate as follows: Percentage of Pretax Earnings 202420232022Statutory federal income tax rate21.0 %21.0 %21.0 %Increase (decrease) in tax rate resulting from:State income taxes (net of federal income tax benefit)0.8 %1.2 %1.2 %Non-U.S. rate differential(2.9)%(3.4)%(3.4)%Resolution and expiration of statutes of limitation of uncertain tax positions(0.6)%(0.4)%(0.3)%Realignment of businesses— %0.6 %(5.7)%Research credits(1.5)%(1.6)%(0.6)%Foreign-derived intangible income, uncertain tax positions and other0.3 %(0.8)%(0.3)%Excess tax benefits from stock-based compensation(1.0)%(0.3)%(0.5)%Effective income tax rate16.1 %16.3 %11.4 %The Company operates globally, including in certain jurisdictions with lower tax rates than the U.S. federal statutory rate.  Therefore, the impact of Danaher’s global operations and benefits from tax credits and incentives contributes to a lower effective tax rate for 2024, 2023 and 2022 compared to the U.S. federal statutory tax rate of 21.0%, as well as the impact of the following: •The effective tax rate of 16.1% in 2024 includes the tax effect from intangible asset impairments in a jurisdiction with a higher statutory tax rate than the