Company: DHR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000313616-25-000043
Chunk: 222

Company: DANAHER CORP /DE/
Filing Date: 2025-02-20
Form: 10-K
Item: Item 5
Chunk 222
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 rate resulting from:State income taxes (net of federal income tax benefit)0.8 %1.2 %1.2 %Non-U.S. rate differential(2.9)%(3.4)%(3.4)%Resolution and expiration of statutes of limitation of uncertain tax positions(0.6)%(0.4)%(0.3)%Realignment of businesses— %0.6 %(5.7)%Research credits(1.5)%(1.6)%(0.6)%Foreign-derived intangible income, uncertain tax positions and other0.3 %(0.8)%(0.3)%Excess tax benefits from stock-based compensation(1.0)%(0.3)%(0.5)%Effective income tax rate16.1 %16.3 %11.4 %The Company operates globally, including in certain jurisdictions with lower tax rates than the U.S. federal statutory rate.  Therefore, the impact of Danaher’s global operations and benefits from tax credits and incentives contributes to a lower effective tax rate for 2024, 2023 and 2022 compared to the U.S. federal statutory tax rate of 21.0%, as well as the impact of the following: •The effective tax rate of 16.1% in 2024 includes the tax effect from intangible asset impairments in a jurisdiction with a higher statutory tax rate than the Company’s effective tax rate and discrete tax benefits from excess tax benefits from stock-based compensation, the release of reserves for uncertain tax positions due to the expiration of statutes of limitation and changes in estimates related to prior year tax filing positions, net of charges related to changes in estimates associated with prior period uncertain tax positions.  These items decreased the reported rate on a net basis by 1.4%.•The effective tax rate of 16.3% in 2023 includes net deferred tax benefits from changes in estimates related to prior year tax filing positions, the release of reserves for uncertain tax positions due to the expiration of statutes of limitation and excess tax benefits from stock-based compensation, net of charges related to tax costs related to the Separation, tax costs from legal and operational actions undertaken to realign certain of its businesses and changes in estimates associated with prior period uncertain tax positions.  These items decreased the reported rate on a net basis by 0.9%.•The effective tax rate of 11.4% in 2022 includes net deferred tax benefits resulting