Company: DHR
Filing Date: 2025-04-22
Form Type: 10-Q
Source: 0000313616-25-000088
Chunk: 14

Company: DANAHER CORP /DE/
Filing Date: 2025-04-22
Form: 10-Q
Item: Item 1
Chunk 14
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 following is a rollforward of the Company’s goodwill ($ in millions):Balance, December 31, 2024$40,497 Adjustments due to finalization of purchase price allocations3 Foreign currency translation and other1,157 Balance, March 28, 2025$41,657 The carrying value of goodwill by segment is summarized as follows ($ in millions):March 28, 2025December 31, 2024Biotechnology$22,315 $21,437 Life Sciences12,505 12,305 Diagnostics6,837 6,755 Total$41,657 $40,497 The Company has not identified any “triggering” events which indicate an impairment of goodwill in 2025.  The Company has not identified any impairment triggers that resulted in impairments of intangible assets in the first quarter of 2025.  The Company will continue to review goodwill and other intangible assets for impairment when events or changes in circumstances, including evolving market conditions and regulatory environment, indicate related carrying amounts may not be recoverable.  During the three-month period ended March 28, 2025, the Company recorded a $15 million impairment related to a facility in the Biotechnology segment.

NOTE 9.  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. 

12

A summary of financial assets that are measured at fair value on a recurring basis were as follows ($ in millions):  BalanceQuoted Prices in