Company: DHR
Filing Date: 2025-03-26
Form Type: ARS
Source: 0000313616-25-000085
Chunk: 137

Company: DANAHER CORP /DE/
Filing Date: 2025-03-26
Form: ARS
Chunk 137
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 tax benefits may be reduced by approximately $305 million within 12 months as a result of resolution of worldwide tax matters, net of payments for tax audit settlements and/or statute of limitations expirations. This includes future resolution of uncertain tax positions related to discontinued operations that may result in additional charges or credits to earnings from discontinued operations in the accompanying Consolidated Statements of Earnings (refer to Note 3). The Company operates in various non-U.S. jurisdictions where income tax incentives and rulings have been granted for specific periods of time. In Puerto Rico and Singapore, the Company has various tax rulings and tax holiday arrangements which reduce the overall effective tax rate of the Company. The various rulings and tax holidays expire between 2025 and 2027. As of December 31, 2024, the Company had satisfied the conditions enumerated in these agreements. Included in the accompanying Consolidated Financial Statements are tax benefits of $33 million, $83 million and $71 million (or $0.04, $0.11 and $0.10 per diluted common share) for 2024, 2023 and 2022, respectively, from these rulings and tax holidays. NOTE 8. NONOPERATING INCOME (EXPENSE) The following sets forth the components of the Company’s other income (expense), net ($ in millions): 2024 2023 2022 Other components of net periodic benefit costs $ 1 $ 7 $ 44 Investment gains (losses): Realized investment gains (losses) 156 89 123 Unrealized investment gains (losses) (213) (271) (394) Total investment gains (losses) (57) (182) (271) Total other income (expense), net $ (56) $ (175) $ (227) Other Components of Net Period Benefit Costs The Company disaggregates the service cost component of net periodic benefit costs of noncontributory defined benefit pension plans and other postretirement employee benefit plans. The service cost component is presented in cost of goods sold and selling, general and administrative expenses. The other components of net periodic benefit costs are presented in other income (expense), net. These other components of net period benefit costs include the assumed rate of return on plan assets, partially offset by amortization of actuarial losses and interest. The Company’s net periodic benefit costs for the year ended December 31, 2022 includes a settlement loss of $10 million ($9 million after-tax), as a result of the transfer of a