Company: DHR
Filing Date: 2025-10-21
Form Type: 10-Q
Source: 0000313616-25-000182
Chunk: 31

Company: DANAHER CORP /DE/
Filing Date: 2025-10-21
Form: 10-Q
Item: Item 1
Chunk 31
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26, 2025, the Company paid $56 million in excise taxes related to the 2024 share repurchases.  Cash paid for excise taxes on share repurchases is included in all other financing activities in the accompanying Consolidated Condensed Statement of Cash Flows.  During the three and nine-month periods ended September 26, 2025, the Company repurchased 10.0 million and approximately 14.5 million shares, respectively, of the Company’s common stock for approximately $2.0 billion and $3.1 billion, respectively, (which includes $20 million and $24 million, respectively, of excise taxes which will be paid in 2026) as part of the 2024 Repurchase Program.The following table summarizes the Company’s share activity (shares in millions):Three-Month Period EndedNine-Month Period EndedSeptember 26, 2025September 27, 2024September 26, 2025September 27, 2024Common stock - shares issued:Balance, beginning of period885.9 883.2 884.3 880.5 Common stock-based compensation awards0.4 0.7 2.0 3.4 Balance, end of period886.3 883.9 886.3 883.9 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 September 26, 2025, approximately 43 million shares of the Company’s common stock were reserved for issuance under the 2007 Omnibus Incentive Plan.

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The following summarizes the components of the Company’s stock-based compensation expense ($ in millions): Three-Month Period EndedNine-Month Period Ended September 26, 2025September 27, 2024September 26, 2025September 27, 2024RSUs/PSUs:Pretax compensation expense$49 $49 $137 $127 Income tax benefit(10)(11)(28)(27)RSU/PSU expense, net of income taxes39 38 109 100 Stock options:Pretax compensation expense34 35 98 104 Income tax benefit(7)(7)(20)(21)Stock option expense