Company: DHR
Filing Date: 2025-03-26
Form Type: ARS
Source: 0000313616-25-000085
Chunk: 155

Company: DANAHER CORP /DE/
Filing Date: 2025-03-26
Form: ARS
Chunk 155
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 plans ceased. Defined benefit plans from acquisitions subsequent to 2012 are ceased as soon as practical. The Company also has noncontributory defined benefit pension plans which cover certain of its non-U.S. employees, and under certain of these plans, benefit accruals continue. In general, the Company’s policy is to fund these plans based on considerations relating to legal requirements, underlying asset returns, the plan’s funded status, the anticipated tax deductibility of the contribution, local practices, market conditions, interest rates and other factors. In addition to providing pension benefits, the Company provides certain healthcare and life insurance benefits for some of its retired employees in the United States. Certain employees may become eligible for these benefits as they reach normal retirement age while working for the Company. The following sets forth the funded status of the U.S. pension, non-U.S. pension and postretirement benefit plans as of the most recent actuarial valuations using measurement dates of December 31 ($ in millions): U.S. Pension Benefits Non-U.S. Pension Benefits Postretirement Benefits 2024 2023 2024 2023 2024 2023 Change in pension benefit obligation: Benefit obligation at beginning of year $ (1,858) $ (1,909) $ (1,349) $ (1,168) $ (98) $ (101) Service cost — — (32) (30) — — Interest cost (90) (97) (45) (46) (4) (5) Employee/retiree contributions — — (8) (7) (2) (1) Benefits and other expenses paid 152 155 50 47 12 12 Actuarial gain (loss) 47 (52) 29 (99) — (3) Amendments, settlements and curtailments 46 45 16 13 — — Foreign exchange rate impact and other — — 36 (59) — — Benefit obligation at end of year (1,703) (1,858) (1,303) (1,349) (92) (98) Change in plan assets: Fair value of plan assets at beginning of year 1,889 1,857 815 772 — — Actual return on plan assets 214 222 (14) 24 — — Employer contributions 8 10 37 36 11 11 Employee contributions — — 8 7 1 1 Amendments and settlements (45) (45) (13)