Company: DHR
Filing Date: 2025-03-26
Form Type: ARS
Source: 0000313616-25-000085
Chunk: 134

Company: DANAHER CORP /DE/
Filing Date: 2025-03-26
Form: ARS
Chunk 134
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 prior period uncertain tax positions. These items decreased the reported rate on a net basis by 7.0%. The Company made income tax payments related to both continuing and discontinued operations of approximately $1.3 billion, $1.8 billion and $1.8 billion in 2024, 2023 and 2022, respectively. Current income taxes payable related to both continuing and discontinued operations has been reduced by $107 million, $80 million and $85 million in 2024, 2023 and 2022, respectively, for tax deductions attributable to stock-based compensation, of which, the excess tax benefit over the amount recorded for financial reporting purposes for both continuing and discontinued operations was $70 million, $51 million and $61 million, respectively. The excess tax benefits have been recorded as reductions to the current income tax provision and are reflected as operating cash inflows in the accompanying Consolidated Statements of Cash Flows. Included in deferred income taxes as of December 31, 2024 are tax benefits for U.S. and non-U.S. net operating loss carryforwards totaling $315 million ($140 million of which the 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. 75

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