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

Company: DANAHER CORP /DE/
Filing Date: 2025-04-22
Form: 10-Q
Item: Item 1
Chunk 22
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Repurchase Program”) authorizing the repurchase of up to 20 million shares of the Company’s common stock from time to time on the open market or in privately negotiated transactions.  During the three-month period ended March 28, 2025 the Company repurchased approximately 4.5 million shares of the Company’s common stock for approximately $1.1 billion (which includes $11 million of excise taxes which will be paid in 2026) as part of the Repurchase Program.As of March 28, 2025, approximately 12 million shares remained available for repurchase pursuant to the Repurchase Program.  There is no expiration date for the Repurchase Program, and the timing and amount of any shares repurchased under the program will be determined by members of the Company’s management based on its evaluation of market conditions and other factors.  The Repurchase Program may be suspended or discontinued at any time.  Any repurchased shares will be available for use in connection with the Company’s equity compensation plans (or any successor plans) and for other corporate purposes. The following table summarizes the Company’s share activity (shares in millions):Three-Month Period EndedMarch 28, 2025March 29, 2024Common stock - shares issued:Balance, beginning of period884.3 880.5 Common stock-based compensation awards1.3 1.8 Balance, end of period885.6 882.3 Stock-Based CompensationFor a full description of the Company’s stock-based compensation programs, refer to Note 18 of the Company’s financial statements as of and for the year ended December 31, 2024 included in the Company’s 2024 Annual Report.  As of March 28, 2025, approximately 42 million shares of the Company’s common stock were reserved for issuance under the 2007 Omnibus Incentive Plan.The following summarizes the components of the Company’s stock-based compensation expense ($ in millions): Three-Month Period Ended March 28, 2025March 29, 2024RSUs/PSUs:Pretax compensation expense$35 $32 Income tax benefit(7)(6)RSU/PSU expense, net of income taxes28 26 Stock options:Pretax compensation expense26 28 Income tax benefit(5)(6)Stock option expense, net of income taxes21 22 Total stock-based compensation:Pretax compensation expense61 60 Income tax