Company: DHR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000313616-25-000043
Chunk: 62

Company: DANAHER CORP /DE/
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 62
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 valued based upon the quoted prices of the underlying investments with the insurance company.Common/collective trusts are valued based on the plan’s interest, represented by investment units, in the underlying investments held within the trust that are traded in an active market by the trustee.  Venture capital, partnerships and other private investments are valued using the NAV based on the information provided by the asset fund managers, which reflects the plan’s share of the fair value of the net assets of the investment.  Depending on the nature of the assets, the underlying investments are valued using a combination of either discounted cash flows, earnings and market multiples, third-party appraisals or through reference to the quoted market prices of the underlying investments held by the venture, partnership or private entity where available.  Valuation adjustments reflect changes in operating results, financial condition, or prospects of the applicable portfolio company.The methods described above may produce a fair value estimate that may not be indicative of net realizable value or reflective of future fair values.  Furthermore, while the Company believes the valuation methods are appropriate and consistent with the methods used by other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.Expected ContributionsDuring 2025, the Company’s cash contribution requirements for its U.S. and its non-U.S. defined benefit pension plans are expected to be approximately $8 million and $35 million, respectively.  During 2025, the Company’s cash contribution requirements for its other postretirement benefit plans are expected to be approximately $13 million.  The ultimate amounts to be contributed depend upon, among other things, legal requirements, underlying asset returns, the plan’s funded status, the anticipated tax deductibility of the contributions, local practices, market conditions, interest rates and other factors.The following sets forth benefit payments, which reflect expected future service, as appropriate, expected to be paid by the plans in the periods indicated ($ in millions):U.S. Pension PlansNon-U.S. Pension PlansPostretirement Benefit PlansAll Plans2025$170 $56 $13 $239 2026171 66 12 249 2027170 64 11 245 2028167 65 10 242 2029164 65 9 238 2030 - 2034658 354 36 1,048 Other MattersSubstantially all employees not covered by defined benefit plans are covered by defined contribution plans, which