Company: DHR
Filing Date: 2025-03-26
Form Type: ARS
Source: 0000313616-25-000085
Chunk: 131

Company: DANAHER CORP /DE/
Filing Date: 2025-03-26
Form: ARS
Chunk 131
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, net: United States $ 2,585 $ 2,304 $ 1,839 United Kingdom 519 371 239 Sweden 384 425 429 Germany 251 238 204 All other (each country individually less than 5% of total property, plant and equipment, net) 1,251 1,215 998 Total $ 4,990 $ 4,553 $ 3,709 NOTE 7. INCOME TAXES Earnings from continuing operations before income taxes for the years ended December 31 were as follows ($ in millions): 2024 2023 2022 United States $ 1,002 $ 1,310 $ 2,527 Non-U.S. 3,644 3,734 4,619 Total $ 4,646 $ 5,044 $ 7,146 73

The provision for income taxes from continuing operations for the years ended December 31 were as follows ($ in millions): 2024 2023 2022 Current: Federal U.S. $ 239 $ 559 $ 232 Non-U.S. 929 1,271 1,042 State and local 62 197 126 Deferred: Federal U.S. (300) (737) (362) Non-U.S. (141) (338) (145) State and local (42) (129) (75) Income tax provision $ 747 $ 823 $ 818 Noncurrent deferred tax assets and noncurrent deferred tax liabilities are included in other assets and other long-term liabilities, respectively, in the accompanying Consolidated Balance Sheets. Deferred income tax assets and liabilities as of December 31 were as follows ($ in millions): 2024 2023 Deferred tax assets: Allowance for doubtful accounts $ 20 $ 18 Inventories 114 120 Pension and postretirement benefits — 25 Environmental and regulatory compliance 38 37 Other accruals and prepayments 631 574 Stock-based compensation expense 122 115 Operating lease liabilities 255 252 Research and development expense 584 441 Tax credit and loss carryforwards 760 557 Valuation allowances (232) (234) Total deferred tax asset 2,292 1,905 Deferred tax liabilities: Pension and postretirement benefits (9) — Property, plant and equipment (136) (125) Insurance, including self-insurance (400) (315) Operating lease ROU assets (238) (228) Goodwill and