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

Company: DANAHER CORP /DE/
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 25
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 (“DBS”) license agreement.  These agreements provide for the allocation between Danaher and Veralto of assets, employees, liabilities and obligations (including investments, property, employee benefits and tax-related assets and liabilities) attributable to periods prior to, at and after Veralto’s separation from Danaher and govern certain relationships between Danaher and Veralto after the Separation.  In addition, Danaher is also party to various commercial agreements with Veralto entities.  The amounts paid and received by Danaher for transition services provided under the above agreements as well as sales and purchases to and from Veralto were not material to the Company’s results of operations for the years ended December 31, 2024 and 2023.The key components of income from the Veralto business from discontinued operations for the years ended December 31 were as follows ($ in millions):20232022Sales$3,712 $4,828 Cost of sales(1,556)(2,067)Selling, general and administrative expenses(1,236)(1,392)Research and development expenses(168)(217)Other income (expense)(14)1 Interest expense(7)(7)Income from discontinued operations before income taxes731 1,146 Income tax expense(188)(265)Earnings from discontinued operations, net of income taxes$543 $881 

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NOTE 4.  NET EARNINGS PER COMMON SHARE FROM CONTINUING OPERATIONS

Basic net earnings per share from continuing operations (“EPS”) is calculated by taking net earnings from continuing operations less the MCPS dividends divided by the weighted average number of common shares outstanding for the applicable period.  Diluted net EPS from continuing operations is computed by taking net earnings from continuing operations less the MCPS dividends divided by the weighted average number of common shares outstanding increased by the number of additional shares that would have been outstanding had the potentially dilutive common shares been issued and reduced by the number of shares the Company could have repurchased with the proceeds from the issuance of the potentially dilutive shares.  For the years ended December 31, 2024, 2023 and 2022, 1.3 million, 3.5 million and 1.4 million options to purchase shares, respectively, were excluded from the diluted earnings per share calculation, as the impact of their inclusion would have been anti-dilutive.  Basic and diluted EPS are computed independently for each quarter and annual period