Company: DHR
Filing Date: 2025-07-22
Form Type: 10-Q
Source: 0000313616-25-000153
Chunk: 94

Company: DANAHER CORP /DE/
Filing Date: 2025-07-22
Form: 10-Q
Item: Item 8
Chunk 94
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”) authorizing the repurchase of up to 20 million shares of the Company’s common stock from time to time on the open market or in privately negotiated transactions.  During the year ended December 31, 2024, the Company repurchased 3.5 million shares of the Company’s common stock under the Repurchase Program and during the six-month period ended June 27, 2025 the Company repurchased approximately 4.5 million shares of the Company’s common stock for approximately $1.1 billion (which includes $4 million of excise taxes which will be paid in 2026) as part of the Repurchase Program.As of June 27, 2025, approximately 12 million shares remained available for repurchase pursuant to the Repurchase Program, inclusive of 2024 and 2025 share repurchases.  There is no expiration date for the Repurchase Program, and the timing and amount of any shares repurchased under the program will be determined by members of the Company’s management based on its evaluation of market conditions and other factors.  The Repurchase Program may be suspended or discontinued at any time.  Any repurchased shares will be available for use in connection with the Company’s equity compensation plans (or any successor plans) and for other corporate purposes. 

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The following table summarizes the Company’s share activity (shares in millions):Three-Month Period EndedSix-Month Period EndedJune 27, 2025June 28, 2024June 27, 2025June 28, 2024Common stock - shares issued:Balance, beginning of period885.6 882.3 884.3 880.5 Common stock-based compensation awards0.3 0.9 1.6 2.7 Balance, end of period885.9 883.2 885.9 883.2 Stock-Based CompensationFor a full description of the Company’s stock-based compensation programs, refer to Note 18 of the Company’s financial statements as of and for the year ended December 31, 2024 included in the Company’s 2024 Annual Report.  As of June 27, 2025, approximately 43 million shares of the Company’s common stock were reserved for issuance under the 2007 Omnibus Incentive Plan.The following summarizes the components of the Company’s stock-based compensation expense ($ in millions): Three-Month Period EndedSix-Month Period Ended June 27,