Company: DHR
Filing Date: 2025-07-22
Form Type: 10-Q
Source: 0000313616-25-000153
Chunk: 14

Company: DANAHER CORP /DE/
Filing Date: 2025-07-22
Form: 10-Q
Item: Item 1
Chunk 14
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4 ($ in millions):June 27, 2025December 31, 2024Identifiable assets:Biotechnology$37,562 $34,605 Life Sciences23,397 23,211 Diagnostics14,537 14,204 Other6,124 5,522 Total$81,620 $77,542 The following table presents capital expenditures for the three and six-month periods ended June 27, 2025 and June 28, 2024 ($ in millions):Three-Month Period EndedSix-Month Period EndedJune 27, 2025June 28, 2024June 27, 2025June 28, 2024Capital expenditures:Biotechnology$80 $111 $161 $213 Life Sciences41 50 89 110 Diagnostics125 126 240 253 Other2 — 3 2 Total$248 $287 $493 $578 

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NOTE 6.  INCOME TAXES

The following table summarizes the Company’s effective tax rate:Three-Month Period EndedSix-Month Period EndedJune 27, 2025June 28, 2024June 27, 2025June 28, 2024Effective tax rate15.3 %16.3 %15.4 %15.3 %The Company operates globally, including in certain jurisdictions with lower tax rates than the United States (“U.S.”) federal statutory rate.  Therefore, the impact of Danaher’s global operations and benefits from tax credits and incentives contributes to a lower effective tax rate compared to the U.S. federal statutory tax rate.  For each period presented, the effective tax rate differs from the U.S. federal statutory rate of 21.0% principally due to the impact of the Company’s global operations, research tax credits, foreign-derived intangible income and aggregate net discrete benefits or charges. For the three-month period ended June 27, 2025, the effective tax rate was reduced by the tax effect from an intangible asset impairment in a jurisdiction with a higher statutory tax rate than the Company’s effective tax rate, partially offset by changes in uncertain tax positions.  The net impact reduced the effective tax rate by 1.4%.For the three-month period ended June 28, 2024, net discrete tax benefits of $9 million reduced the effective tax rate by 0.8%