Company: DHR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000313616-25-000043
Chunk: 59

Company: DANAHER CORP /DE/
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 59
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 Amortization of net (loss) gain(13)(12)— 7 — — Curtailment and settlement (losses) gains recognized— — (1)1 — — Net periodic pension benefit (cost)$17 $14 $(46)$(34)$(2)$(3)The components of the net periodic benefit (cost) of the noncontributory defined benefit pension plans and other postretirement employee benefit plans other than service cost are included in other income (expense), net in the accompanying Consolidated Statements of Earnings.  Actuarial gains and losses are amortized using a corridor approach.  The gain/loss corridor is equal to 10% of the greater of the benefit obligation and the market-related value of assets.  Actuarial gains and losses in the pension and postretirement benefits plans in excess of the corridor are amortized over the average remaining life expectancy of the plan participants.Weighted average assumptions used to determine net periodic pension benefit (cost) at date of measurement: U.S. PlansNon-U.S. Plans 2024202320242023Discount rate5.1 %5.4 %3.5 %4.0 %Expected long-term return on plan assets6.8 %6.8 %4.2 %4.6 %Rate of compensation increaseN/AN/A3.1 %3.0 %The discount rate reflects the market rate on December 31 of the prior year for high-quality fixed-income investments with maturities corresponding to the Company’s benefit obligations and is subject to change each year.  For non-U.S. pension plans, rates appropriate for each plan are determined based on investment-grade instruments with maturities approximately equal to the average expected benefit payout under the plan. Included in accumulated other comprehensive income (loss) as of December 31, 2024 are the following amounts that have not yet been recognized in net periodic pension cost: unrecognized prior service credit of $4 million ($3 million, after-tax) and unrecognized actuarial losses of approximately $399 million ($303 million, after-tax).  The unrecognized losses and prior service cost, net, is calculated as the difference between the actuarially determined projected benefit obligation and the value of the plan assets less accrued pension costs as of December 31, 2024.  

88

Included in accumulated other comprehensive income (loss) as of December 31, 2024 are