Company: DHR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000313616-25-000043
Chunk: 12

Company: DANAHER CORP /DE/
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 12
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 operations for the years ended December 31, 2024, 2023 and 2022, respectively. Included in the Company’s trade accounts receivable and other long-term assets as of December 31, 2024 and 2023 are $141 million and $133 million of net aggregate financing receivables, respectively.  All financing receivables are evaluated for impairment based on individual customer credit profiles.Inventories—Inventories include the costs of material, labor and overhead.  Inventories are stated at the lower of cost and net realizable value primarily using the first-in, first-out method. The classes of inventory as of December 31 are summarized as follows ($ in millions):20242023Finished goods$1,145 $1,282 Work in process465 459 Raw materials720 853 Total$2,330 $2,594 Prepaid Expenses and Other Current Assets—Prepaid expenses and other current assets primarily result from advance payments to vendors for goods and services and are capitalized until the related goods are received or services are performed and advance payments to tax authorities.  The Company’s prepaid expenses and other current assets as of December 31, 2024 and 2023 are primarily comprised of prepaid expenses of $620 million and $771 million, respectively, and taxes receivable for income and other taxes of $853 million and $715 million, respectively.  Property, Plant and Equipment—Property, plant and equipment are carried at cost.  The provision for depreciation has been computed principally by the straight-line method based on the estimated useful lives of the depreciable assets as follows:CategoryUseful LifeBuildings30 yearsLeased assets and leasehold improvementsAmortized over the lesser of the economic life of the asset or the term of the leaseMachinery and equipment3 – 10 yearsCustomer-leased equipment5 – 7 yearsEstimated useful lives are periodically reviewed and, when appropriate, changes to estimates are made prospectively.The classes of property, plant and equipment as of December 31 are summarized as follows ($ in millions):20242023Land and improvements$230 $210 Buildings2,548 2,269 Machinery and equipment4,430 4,106 Customer-leased equipment1,883 1,794 Gross property, plant and equipment9,091 8,379 Less: accumulated depreciation(4,101)(3,826)Property, plant and equipment, net$4,