Company: DHR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000313616-25-000043
Chunk: 58

Company: DANAHER CORP /DE/
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 58
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 rates compared to the rates in the prior year.  Projected benefit obligation (“PBO”) and fair value of plan assets for pension plans and postretirement benefit plans with PBO’s in excess of plan assets ($ in millions):U.S. Pension BenefitsNon-U.S. Pension BenefitsPostretirement Benefits202420232024202320242023Projected benefit obligation$85 $92 $865 $977 $92 $98 Fair value of plan assets— — 276 360 — — 

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Accumulated benefit obligation (“ABO”) and fair value of plan assets for pension plans with ABO’s in excess of plan assets ($ in millions):U.S. Pension BenefitsNon-U.S. Pension Benefits2024202320242023Accumulated benefit obligation$85 $92 $803 $914 Fair value of plan assets— — 271 357 Weighted average assumptions used to determine benefit obligations at date of measurement: U.S. Pension BenefitsNon-U.S. Pension BenefitsPostretirement Benefits 202420232024202320242023Discount rate5.6 %5.1 %3.5 %3.5 %5.5 %5.1 %Rate of compensation increaseN/AN/A2.9 %3.1 %N/AN/AIn 2024, the medical trend rate used to determine the postretirement benefit obligation was 7.7%.  The rate decreases gradually to an ultimate rate of 4.0% by 2049 and remains at that level thereafter.  In 2023, the medical trend rate used to determine the postretirement benefit obligation was 5.9%, gradually decreasing to an ultimate rate of 4.0% by 2048 and remaining at that level thereafter.  The trend rate is a significant factor in determining the amounts reported.Components of net periodic pension and postretirement benefit (cost) ($ in millions): U.S. Pension BenefitsNon-U.S. Pension BenefitsPostretirement Benefits202420232024202320242023Service cost$— $— $(32)$(30)$— $— Interest cost(90)(97)(45)(46)(4)(5)Expected return on plan assets121 124 31 33 — — Amortization of prior service (cost) credit(1)(1)1 1 2 2