Company: DHR
Filing Date: 2025-04-22
Form Type: 10-Q
Source: 0000313616-25-000088
Chunk: 20

Company: DANAHER CORP /DE/
Filing Date: 2025-04-22
Form: 10-Q
Item: Item 1
Chunk 20
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 designated and qualify as nonderivative hedging instruments.  Accordingly, the foreign currency translation of these debt instruments is recorded in accumulated OCI, offsetting the foreign currency translation adjustment of the Company’s related net investment that is also recorded in accumulated OCI.  These instruments mature on dates ranging from June 2025 to May 2032.The Company used interest rate swap agreements to hedge the variability in cash flows due to changes in benchmark interest rates related to a portion of the debt the Company issued.  These contracts effectively fixed the interest rate for a portion of the Company’s debt equal to the notional amount of the swaps to the rate specified in the interest rate swap agreements and were settled in November 2019 and December 2021.  The changes in the fair value of these instruments were recorded in accumulated OCI prior to the issuance of the debt and are subsequently being reclassified to interest expense over the life of the related debt.

15

The following table summarizes the notional values as of March 28, 2025 and March 29, 2024 and pretax impact of changes in the fair values of instruments designated as net investment hedges and cash flow hedges in accumulated OCI for the three-month periods ended March 28, 2025 and March 29, 2024 ($ in millions):Original Notional AmountNotional Amount OutstandingGain (Loss) Recognized in OCIAmounts Reclassified from OCIFor the Three-Month Period Ended March 28, 2025:Net investment hedges:Cross-currency contracts$3,875 $3,000 $(54)$— Foreign currency denominated debt3,333 3,333 (136)— Cash flow hedges:Cross-currency contracts4,000 2,600 39 116 Interest rate swaps1,600 — — 1 Total$12,808 $8,933 $(151)$117 For the Three-Month Period Ended March 29, 2024:Net investment hedges:Cross-currency contracts$3,875 $3,000 $55 $— Foreign currency denominated debt4,129 4,129 134 — Cash flow hedges:Cross-currency contracts4,000 3,300 23 (74)Interest rate swaps1,600 — — 1 Total$13,604 $10,429 $212 $(73)Gains or losses related to the net