Company: DHR
Filing Date: 2025-03-26
Form Type: ARS
Source: 0000313616-25-000085
Chunk: 140

Company: DANAHER CORP /DE/
Filing Date: 2025-03-26
Form: ARS
Chunk 140
---
 reporting unit’s goodwill has been impaired. As of December 31, 2024, the Company had five reporting units for goodwill impairment testing. As of the date of the 2024 annual impairment test, the carrying value of the goodwill included in each individual reporting unit ranged from approximately $1.2 billion to $22.5 billion. No goodwill impairment charges were recorded for any of the years ended December 31, 2024, 2023 and 2022 and no “triggering” events have occurred subsequent to the performance of the 2024 annual impairment test. The factors used by management in its impairment analysis are inherently subject to uncertainty. If actual results are not consistent with management’s estimates and assumptions, goodwill and other intangible assets may be overstated, and a charge would need to be taken against net earnings. The following is a rollforward of the Company’s goodwill by segment ($ in millions): Biotechnology Life Sciences Diagnostics Total Balance, January 1, 2023 $ 22,087 $ 8,314 $ 6,875 $ 37,276 Attributable to 2023 acquisitions — 3,851 — 3,851 Adjustments due to finalization of purchase price adjustments 2 5 — 7 Foreign currency translation and other 388 51 35 474 Balance, December 31, 2023 22,477 12,221 6,910 41,608 Attributable to 2024 acquisitions — 305 — 305 Adjustments due to finalization of purchase price allocations — (23) — (23) Foreign currency translation and other (1,040) (198) (155) (1,393) Balance, December 31, 2024 $ 21,437 $ 12,305 $ 6,755 $ 40,497 Finite-lived intangible assets are amortized over their legal or estimated useful life. The following summarizes the gross carrying value and accumulated amortization for each major category of intangible assets as of December 31 ($ in millions): 2024 2023 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Finite-lived intangibles: Patents and technology $ 14,781 $ (4,641) $ 15,175 $ (3,832) Customer relationships, trade names and other intangibles 9,972 (4,781) 10,131 (4,303) Total finite-lived intangibles