Company: DHR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000313616-25-000043
Chunk: 44

Company: DANAHER CORP /DE/
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 44
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.4 billion during 2029.

NOTE 11.  FAIR VALUE MEASUREMENTS 

Accounting standards define fair value based on an exit price model, establish a framework for measuring fair value where the Company’s assets and liabilities are required to be carried at fair value and provide for certain disclosures related to the valuation methods used within a valuation hierarchy as established within the accounting standards.  This hierarchy prioritizes the inputs into three broad levels as follows.  Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities.  Level 2 inputs are quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets in markets that are not active, or other observable characteristics for the asset or liability, including interest rates, yield curves and credit risks, or inputs that are derived principally from, or corroborated by, observable market data through correlation.  Level 3 inputs are unobservable inputs based on the Company’s assumptions.  A financial asset or liability’s classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement in its entirety.A summary of financial assets that are measured at fair value on a recurring basis were as follows ($ in millions):Year Ended December 31Quoted Prices inActive Market(Level 1)Significant OtherObservable Inputs(Level 2)SignificantUnobservableInputs (Level 3)20242023202420232024202320242023Assets:Available-for-sale debt securities$— $5 $— $— $— $5 $— $— Investment in equity securities218 234 3 16 — — — — Cross-currency swap derivative contracts415 291 — — 415 291 — — Available-for-sale debt securities, which are included in other long-term assets in the accompanying Consolidated Balance Sheets, are measured at fair value using quoted prices reported by investment brokers and dealers based on the underlying terms of the security and comparison to similar securities traded on an active market.  As of December 31, 2023 available-for-sale debt securities primarily included U.S. Treasury Notes and corporate debt securities.The Company’s investments in equity securities consist of investments in publicly traded equity securities and investments in non-marketable equity securities.  The publicly traded securities are classified as Level 1 in the fair value hierarchy as they are measured based on quotes in active markets.  For the non-marketable