Company: DHR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000313616-25-000043
Chunk: 36

Company: DANAHER CORP /DE/
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 36
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 Company does not expect to realize and have corresponding valuation allowances).  Certain of the losses can be carried forward indefinitely and others can be carried forward to various dates from 2025 through 2044.  In addition, the Company had general business and non-U.S. tax credit carryforwards of $445 million ($91 million of which the Company does not expect to realize and have corresponding valuation allowances) as of December 31, 2024, which can be carried forward to various dates from 2025 to 2034.  In addition, as of December 31, 2024, the Company had $1 million of valuation allowances related to other deferred tax asset balances that are not more likely than not of being realized.

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As of December 31, 2024, gross unrecognized tax benefits totaled approximately $1.2 billion (approximately $1.4 billion, net of the impact of $75 million of indirect tax benefits offset by $231 million associated with potential interest and penalties).  As of December 31, 2023, 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