Company: DHR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000313616-25-000043
Chunk: 246

Company: DANAHER CORP /DE/
Filing Date: 2025-02-20
Form: 10-K
Item: Item 5
Chunk 246
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. Pension BenefitsPostretirement Benefits 202420232024202320242023Discount rate5.6 %5.1 %3.5 %3.5 %5.5 %5.1 %Rate of compensation increaseN/AN/A2.9 %3.1 %N/AN/AIn 2024, the medical trend rate used to determine the postretirement benefit obligation was 7.7%.  The rate decreases gradually to an ultimate rate of 4.0% by 2049 and remains at that level thereafter.  In 2023, the medical trend rate used to determine the postretirement benefit obligation was 5.9%, gradually decreasing to an ultimate rate of 4.0% by 2048 and remaining at that level thereafter.  The trend rate is a significant factor in determining the amounts reported.Components of net periodic pension and postretirement benefit (cost) ($ in millions): U.S. Pension BenefitsNon-U.S. Pension BenefitsPostretirement Benefits202420232024202320242023Service cost$— $— $(32)$(30)$— $— Interest cost(90)(97)(45)(46)(4)(5)Expected return on plan assets121 124 31 33 — — Amortization of prior service (cost) credit(1)(1)1 1 2 2 Amortization of net (loss) gain(13)(12)— 7 — — Curtailment and settlement (losses) gains recognized— — (1)1 — — Net periodic pension benefit (cost)$17 $14 $(46)$(34)$(2)$(3)The components of the net periodic benefit (cost) of the noncontributory defined benefit pension plans and other postretirement employee benefit plans other than service cost are included in other income (expense), net in the accompanying Consolidated Statements of Earnings.  Actuarial gains and losses are amortized using a corridor approach.  The gain/loss corridor is equal to 10% of the greater of the benefit obligation and the market-related value of assets.  Actuarial gains and losses in the pension and postretirement benefits plans in excess of the corridor are amortized over the average remaining life expectancy of the plan participants.Weighted average assumptions used to determine net periodic pension benefit (cost) at date of