Company: DHR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000313616-25-000043
Chunk: 142

Company: DANAHER CORP /DE/
Filing Date: 2025-02-20
Form: 10-K
Item: Item 1A
Chunk 142
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 affect our transactions with certain customers, business partners and other persons and dealings between our employees and between our subsidiaries.  Compliance with the various import laws that apply to our businesses can restrict our access to, and increase the cost of obtaining, certain products and at times can interrupt our supply of imported inventory.  In addition, we sell and provide products and technology to third parties, such as agents, representatives and distributors, who may export such items to end-users.  If we or any of these third parties do not comply with applicable export or import laws we may incur liability.  In addition, from time to time, certain of our subsidiaries have limited business dealings in countries subject to comprehensive sanctions.  These business dealings represent an insignificant amount of our consolidated revenues and income but expose us to a heightened risk of violating applicable sanctions regulations.  We have established policies and procedures designed to help ensure compliance with such laws and regulations but there can be no assurance that the policies and procedures have prevented and will prevent violations of these regulations, and any such violation can adversely affect our business and financial statements.

•We also have agreements to sell products and services to government entities as well as agreements relating to government financing, as discussed above (less than 5% of our 2024 sales were made to the U.S. federal government).  The laws governing government contracts differ from the laws governing private contracts; for example, our government contracts are in some cases subject to termination, reduction or modification at the convenience of the government or in the event of changes in government requirements, reductions in federal spending and other factors.  Government contracts that have been awarded to us following a bid process can become the subject of a bid protest by a losing bidder, which could result in loss of the contract.  We are also subject to investigation and audit for compliance with the requirements governing government contracts.  

These are not the only regulations that our businesses must comply with.  The regulations we are subject to have tended to become more stringent over time and can be inconsistent across jurisdictions.  We, our representatives and the industries in which we operate are at times under review and/or investigation by regulatory authorities.  Failure to comply (or any alleged or perceived failure to comply) with the regulations referenced above or any other regulations can result in import detentions, fines, damages, civil and administrative penalties, injunctions, consent decrees, suspensions or losses of regulatory approvals, recall or seizure of products, operating restrictions, refusal of the government to approve product export applications or allow us to enter into supply contracts