Company: DHR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000313616-25-000043
Chunk: 40

Company: DANAHER CORP /DE/
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 40
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 of $31 million and $91 million, respectively, related to equity method investments that are reflected in unrealized investment gains (losses).  

NOTE 9.  LEASES 

The Company has operating leases for office space, warehouses, distribution centers, research and development facilities, manufacturing locations and certain equipment, primarily automobiles.  Many leases include one or more options to renew, some of which include options to extend for up to 30 years, and some leases include options to terminate within 30 days.  In certain of the Company’s lease agreements, the rental payments are adjusted periodically to reflect actual charges incurred for common area maintenance, utilities, inflation and/or changes in other indexes.  The Company’s finance leases were not material as of December 31, 2024 and 2023.  ROU assets arising from finance leases are included in property, plant and equipment, net and the liabilities are included in notes payable and current portion of long-term debt and long-term debt in the accompanying Consolidated Balance Sheets.

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The Consolidated Financial Statements include the following amounts related to operating leases where the Company is the lessee ($ in millions):202420232022Consolidated Statements of EarningsFixed operating lease expense(a)$239 $207 $199 Variable operating lease expense60 67 60 Total operating lease expense$299 $274 $259 Consolidated Statements of Cash FlowsCash paid for amounts included in the measurement of operating lease liabilities$245 $214 $219 ROU assets obtained in exchange for operating lease obligations320 182 188 Consolidated Balance SheetsDecember 31, 2024December 31, 2023Lease Assets and LiabilitiesClassificationOperating lease ROU assetsOther long-term assets$1,084 $1,052 Operating lease liabilities - currentAccrued expenses and other liabilities$173 $180 Operating lease liabilities - long-termOther long-term liabilities968 954 Total operating lease liabilities$1,141 $1,134 Weighted average remaining lease term9 years9 yearsWeighted average discount rate4.2 %3.4 %(a) Includes short-term leases and sublease income, both of which were immaterial.The following table presents the maturity of the Company’s operating lease liabilities as of December 31, 2024 ($ in millions):2025$212 2026190 2027153 2028134 2029120 Thereafter584 Total