Company: DHR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000313616-25-000043
Chunk: 53

Company: DANAHER CORP /DE/
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 53
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ively, the “Veralto Debt”).  Danaher initially guaranteed the Veralto Debt, and the guarantee automatically terminated effective as of the Distribution Date.  As of September 30, 2023 in connection with the Separation, the Veralto Debt was solely an obligation of Veralto and is no longer reflected in the Company’s Consolidated Financial Statements.Long-Term Debt RepaymentsOn November 15, 2024, the Company repaid the $700 million 2024 Biopharma Notes upon their maturity using available cash.  The €900 million aggregate principal amount of the 2024 Euronotes were repaid upon their maturity on April 2, 2024 using cash distributions from Veralto prior to the Separation.  The CHF 540 million aggregate principal amount of the 2023 CHF Bonds were repaid upon their maturity on December 8, 2023.  On June 30, 2022, the Company repaid the €250 million aggregate principal amount of the floating rate senior unsecured notes and on November 15, 2022 the Company repaid the €700 million aggregate principal amount of the 2.05% senior unsecured notes upon their maturity using available cash and the proceeds from the issuance of commercial paper.  Guarantors of DebtThe Company has guaranteed long-term debt and commercial paper issued by certain of its wholly-owned finance subsidiaries: Danaher International, Danaher International II, Danaher Switzerland and Danaher Japan.  All of the outstanding and future securities issued by each of these entities are or will be fully and unconditionally guaranteed by the Company and these guarantees rank on parity with the Company’s unsecured and unsubordinated indebtedness.

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OtherThe Company’s minimum principal payments for the next five years are as follows ($ in millions):2025$505 20262,113 2027809 20282,484 2029794 Thereafter9,300 

The Company made interest payments of $370 million, $392 million and $347 million in 2024, 2023 and 2022, respectively.  Interest payments decreased in 2024 due primarily to lower outstanding debt balances, partially offset by higher average interest rates on the Company’s euro denominated commercial paper borrowings in 2024 compared to 2023. 

NOTE 14.  HEDGING TRANSACTIONS AND DERIVATIVE FINANCIAL INSTRUMENTS 

The Company uses