Company: DHR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000313616-25-000043
Chunk: 192

Company: DANAHER CORP /DE/
Filing Date: 2025-02-20
Form: 10-K
Item: Item 5
Chunk 192
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 applies the applicable tax law and judgment to (1) determine whether, based on the technical merits, a tax position is more likely than not to be sustained and (2) measure the amount of tax benefit that qualifies for recognition.  As of December 31, 2024, the Company’s gross unrecognized tax benefits related to uncertain tax positions were approximately $1.2 billion.  Auditing the recognition and measurement of certain of the Company’s tax positions including the evaluation of whether such tax position is more likely than not to be sustained, and if applicable the measurement of the benefit, is complex and required the use of tax subject matter resources.How We Addressed the Matter in Our AuditWe tested controls over management’s accounting for tax positions, including assessment of the technical merits of tax positions and if applicable, the measurement of the benefit of the tax position. To evaluate whether the technical merits of certain of the Company’s income tax positions are more likely than not sustainable, our audit procedures included, among others, evaluation of applicable tax law, court cases, tax regulations and other regulatory guidance by our tax subject matter resources.  For certain of the income tax positions, we also involved tax subject matter resources in corroborating our understanding of the relevant facts, examining the Company’s analysis, evaluating relevant correspondence with the tax authority and reading third-party advice obtained by management, as applicable.  We also evaluated the adequacy of the Company’s disclosures included in Note 7 to the consolidated financial statements. 

/s/ Ernst & Young LLP

We have served as the Company’s auditor since 2002. 

Tysons, Virginia

February 20, 2025

55

DANAHER CORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

($ in millions, except per share amount)

 As of December 31 20242023ASSETSCurrent assets:Cash and equivalents$2,078 $5,864 Trade accounts receivable, less allowance for doubtful accounts of $113 as of December 31, 2024 and $120 as of December 31, 20233,537 3,922 Inventories2,330 2,594 Prepaid expenses and other current assets1,552 1,557 Total current assets9,497 13,937 Property, plant and equipment, net4,990 4,553 Other long-term assets3,990 3,644 Goodwill40,497 41,608 Other intangible assets,