Company: DHR
Filing Date: 2025-03-26
Form Type: ARS
Source: 0000313616-25-000085
Chunk: 159

Company: DANAHER CORP /DE/
Filing Date: 2025-03-26
Form: ARS
Chunk 159
---
 equity investments, such as venture capital funds and partnerships. Asset holdings are periodically rebalanced when equity holdings are outside this range. The balance of the U.S. plan asset portfolio is invested in bond funds, real estate funds, various absolute and real return funds and private equity funds. Non-U.S. plan assets are invested in various insurance contracts, equity and debt securities as determined by the administrator of each plan. The value of the plan assets directly affects the funded status of the Company’s pension plans recorded in the Consolidated Financial Statements. The Company has certain investments that are valued using Net Asset Value (“NAV”) as the practical expedient. In addition, certain of the investments valued using NAV as the practical expedient have limits on their redemption to monthly, quarterly, semiannually or annually and require up to 90 days prior written notice. These investments valued using NAV consist of mutual funds, venture capital funds, partnerships, real estate, and other private investments, which allow the Company to allocate investments across a broad array of types of funds and diversify the portfolio. The fair values of the Company’s pension plan assets for both the U.S. and non-U.S. plans as of December 31, 2024 and 2023, by asset category were as follows ($ in millions): Quoted Prices in Active Market (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total 2024 2023 2024 2023 2024 2023 2024 2023 Cash and equivalents $ 209 $ 116 $ — $ — $ — $ — $ 209 $ 116 Equity securities: Common stock 276 410 — — — — 276 410 Preferred stock 1 — — — — — 1 — Fixed income securities: Corporate bonds — — 252 278 — — 252 278 Government issued — — 24 25 — — 24 25 Mutual funds 118 112 164 167 — — 282 279 Insurance contracts — — 268 236 — — 268 236 Total $ 604 $ 638 $ 708 $ 706 $ — $ — 1,312 1,344 Investments measured at NAV(a): Common/collective trusts 1,013 906 Venture capital, partnerships and other private investments 368 454 Total assets at fair value $ 2,693 $ 2,704 (a) The fair value amounts presented in the table above are intended