Company: DHR
Filing Date: 2025-03-26
Form Type: ARS
Source: 0000313616-25-000085
Chunk: 157

Company: DANAHER CORP /DE/
Filing Date: 2025-03-26
Form: ARS
Chunk 157
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8 and remaining at that level thereafter. The trend rate is a significant factor in determining the amounts reported. Components of net periodic pension and postretirement benefit (cost) ($ in millions): U.S. Pension Benefits Non-U.S. Pension Benefits Postretirement Benefits 2024 2023 2024 2023 2024 2023 Service cost $ — $ — $ (32) $ (30) $ — $ — Interest cost (90) (97) (45) (46) (4) (5) Expected return on plan assets 121 124 31 33 — — Amortization of prior service (cost) credit (1) (1) 1 1 2 2 Amortization of net (loss) gain (13) (12) — 7 — — Curtailment and settlement (losses) gains recognized — — (1) 1 — — Net periodic pension benefit (cost) $ 17 $ 14 $ (46) $ (34) $ (2) $ (3) The components of the net periodic benefit (cost) of the noncontributory defined benefit pension plans and other postretirement employee benefit plans other than service cost are included in other income (expense), net in the accompanying Consolidated Statements of Earnings. Actuarial gains and losses are amortized using a corridor approach. The gain/loss corridor is equal to 10% of the greater of the benefit obligation and the market-related value of assets. Actuarial gains and losses in the pension and postretirement benefits plans in excess of the corridor are amortized over the average remaining life expectancy of the plan participants. Weighted average assumptions used to determine net periodic pension benefit (cost) at date of measurement: U.S. Plans Non-U.S. Plans 2024 2023 2024 2023 Discount rate 5.1 % 5.4 % 3.5 % 4.0 % Expected long-term return on plan assets 6.8 % 6.8 % 4.2 % 4.6 % Rate of compensation increase N/A N/A 3.1 % 3.0 % The discount rate reflects the market rate on December 31 of the prior year for high-quality fixed-income investments with maturities corresponding to the Company’s benefit obligations and is subject to change each year. For non-U.S. pension plans, rates appropriate for each plan are determined based on investment-grade instruments with maturities