Company: DHR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000313616-25-000043
Chunk: 224

Company: DANAHER CORP /DE/
Filing Date: 2025-02-20
Form: 10-K
Item: Item 5
Chunk 224
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, gross unrecognized tax benefits totaled approximately $1.2 billion (approximately $1.3 billion, net of the impact of $73 million of indirect tax benefits offset by $199 million associated with potential interest and penalties).  The Company recognized approximately $40 million, $32 million and $14 million of net tax expense from potential interest and penalties during 2024, 2023 and 2022, respectively.  The net tax expense for potential interest and penalties related to discontinued operations were $6 million and $2 million during 2023 and 2022, respectively.  To the extent unrecognized tax benefits (including interest and penalties) are recognized with respect to uncertain tax positions, approximately $1.3 billion as of both December 31, 2024 and 2023 would reduce the tax expense and effective tax rate in future periods.  The Company recognized interest and penalties related to unrecognized tax benefits within income taxes in the accompanying Consolidated Statements of Earnings.  Unrecognized tax benefits and associated accrued interest and penalties are included in taxes, income and other accrued expenses as detailed in Note 12.A reconciliation of the beginning and ending amount of unrecognized tax benefits, excluding amounts accrued for potential interest and penalties related to both continuing and discontinued operations, is as follows ($ in millions):202420232022Unrecognized tax benefits, beginning of year$1,214 $1,139 $1,095 Additions based on tax positions related to the current year64 72 44 Additions for tax positions of prior years21 41 49 Reductions for tax positions of prior years(14)(15)(10)Acquisitions, divestitures and other(12)(14)6 Lapse of statute of limitations(14)(11)(16)Settlements(9)(8)(7)Effect of foreign currency translation(21)10 (22)Unrecognized tax benefits, end of year$1,229 $1,214 $1,139 The Company conducts business globally and files numerous consolidated and separate income tax returns in the U.S. federal and state and non-U.S. jurisdictions.  The non-U.S. countries in which the Company has a significant presence include China, Denmark, Germany, Singapore, Sweden, Switzerland and the United Kingdom.  Excluding these jurisdictions, the Company believes that a change in the statutory tax rate of any individual non-U.S. country would not have a material effect on the Company’s Consolidated Financial Statements given the geographic