Company: DHR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000313616-25-000043
Chunk: 220

Company: DANAHER CORP /DE/
Filing Date: 2025-02-20
Form: 10-K
Item: Item 5
Chunk 220
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Year Ended December 31($ in millions)202420232022Sales:United States$9,927 $9,579 $11,289 China2,805 3,143 3,611 All other (each country individually less than 5% of total sales)11,143 11,168 11,743 Total$23,875 $23,890 $26,643 Property, plant and equipment, net:United States$2,585 $2,304 $1,839 United Kingdom519 371 239 Sweden384 425 429 Germany251 238 204 All other (each country individually less than 5% of total property, plant and equipment, net)1,251 1,215 998 Total$4,990 $4,553 $3,709 

NOTE 7.  INCOME TAXES 

Earnings from continuing operations before income taxes for the years ended December 31 were as follows ($ in millions):202420232022United States$1,002 $1,310 $2,527 Non-U.S.3,644 3,734 4,619 Total$4,646 $5,044 $7,146 

73

The provision for income taxes from continuing operations for the years ended December 31 were as follows ($ in millions):202420232022Current:Federal U.S.$239 $559 $232 Non-U.S.929 1,271 1,042 State and local62 197 126 Deferred:Federal U.S.(300)(737)(362)Non-U.S.(141)(338)(145)State and local(42)(129)(75)Income tax provision$747 $823 $818 Noncurrent deferred tax assets and noncurrent deferred tax liabilities are included in other assets and other long-term liabilities, respectively, in the accompanying Consolidated Balance Sheets.  Deferred income tax assets and liabilities as of December 31 were as follows ($ in millions):20242023Deferred tax assets:Allowance for doubtful accounts$20 $18 Inventories114 120 Pension and postretirement benefits— 25 Environmental and regulatory compliance38 37 Other accruals and prepayments631 574 Stock-based compensation expense122 115 Operating lease liabilities255 252 Research and development expense584 441 Tax credit and loss carry