Company: DHR
Filing Date: 2025-07-22
Form Type: 10-Q
Source: 0000313616-25-000153
Chunk: 20

Company: DANAHER CORP /DE/
Filing Date: 2025-07-22
Form: 10-Q
Item: Item 1
Chunk 20
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27, 2025 and December 31, 2024, the Company’s equity method investments included investments in partnerships with a carrying value of approximately $1.4 billion.  Refer to Note 7 for additional information on gains and losses on the Company’s investments including investments in the partnerships. The cross-currency swap derivative contracts are classified as Level 2 in the fair value hierarchy as they are measured using the income approach with the relevant interest rates and current currency exchange rates and forward curves as inputs.  Refer to Note 11 for additional information.Fair Value of Other Financial InstrumentsThe carrying amounts and fair values of the Company’s other financial instruments were as follows ($ in millions): June 27, 2025December 31, 2024 Carrying AmountFair ValueCarrying AmountFair ValueDebt obligations:Notes payable and current portion of long-term debt$502 $500 $505 $502 Long-term debt16,853 14,373 15,500 13,109 As of June 27, 2025 and December 31, 2024, short and long-term borrowings were categorized as Level 1.  The fair value of long-term borrowings was based on quoted market prices.  The difference between the fair value and the carrying amounts of long-term borrowings is attributable to changes in market interest rates and/or the Company’s credit ratings subsequent to the incurrence of the borrowing.  The fair values of borrowings with original maturities of one year or less, as well as cash and cash equivalents, trade accounts receivable, net and trade accounts payable generally approximate their carrying amounts due to the short-term maturities of these instruments.

15

NOTE 10.  FINANCING

As of June 27, 2025, the Company was in compliance with all of its debt covenants.  The components of the Company’s debt were as follows ($ in millions):Outstanding AmountDescription and Aggregate Principal AmountJune 27, 2025December 31, 2024Euro-denominated commercial paper (€932 million and €931 million, respectively)(a)$1,091 $965 3.35% senior unsecured notes due 9/15/2025 ($500 million) (the “2025 U.S. Notes”)(b)500 500 0.2% senior unsecured notes due 3/18/2026 (€1.3 billion) (the “2026