Company: DHR
Filing Date: 2025-07-22
Form Type: 10-Q
Source: 0000313616-25-000153
Chunk: 5

Company: DANAHER CORP /DE/
Filing Date: 2025-07-22
Form: 10-Q
Item: Item 1
Chunk 5
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 June 27, 2025 and June 28, 2024 and its cash flows for each of the six-month periods then ended.There have been no changes to the Company’s significant accounting policies described in the Company’s 2024 Annual Report that have a material impact on the Company’s Consolidated Condensed Financial Statements and the related Notes.  Reclassifications of certain prior year amounts have been made to conform to the current year presentation. Accounting Standards Recently Adopted—In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-07, Improvements to Reportable Segment Disclosures.  The ASU requires additional disclosures about reportable segments’ significant expenses on an interim and annual basis.  The Company adopted the ASU effective January 1, 2024 on a retrospective basis.  Refer to Note 5 for additional segment disclosures. In December 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures.  The ASU expands disclosures in the income tax rate reconciliations table and cash taxes paid.  The Company adopted the ASU effective January 1, 2025.  This accounting standard will increase the tax disclosures in the Company’s annual reporting but has no impact on reported income tax expense or related tax assets or liabilities.Accounting Standards Not Yet Adopted—In November 2024, the FASB issued ASU 2024-03, Disaggregation of Income Statement Expenses.  The ASU requires disclosure of disaggregated information about certain income statement expenses, including specific expense categories.  The ASU is effective for annual periods beginning after December 15, 2026 and for interim periods within fiscal years beginning after December 15, 2027.  The Company is assessing the impact of the ASU on the Company’s disclosures and expects that the standard will increase disclosures in the Company’s annual and interim reporting when adopted.Prepaid Expenses and Other Current Assets—Prepaid expenses and other current assets primarily result from advance payments to vendors for goods and services which are capitalized until the related goods are received or services are performed and advance payments to tax authorities.  The Company’s prepaid expenses and other current assets balances as of June 27, 2025 and December 31, 2024 are primarily comprised of prepaid expenses of $747 million and $620 million, respectively, and taxes receivable for income and other taxes and deferred tax assets