Company: DHR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000313616-25-000043
Chunk: 45

Company: DANAHER CORP /DE/
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 45
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 equity securities, the Company estimates the fair value of the investments using the Fair Value Alternative.  The Company’s investments in these equity securities are not classified in the fair value hierarchy due to the use of these measurement methods.  The Company’s investments in partnerships are accounted for under the equity method of accounting and are not subject to fair value measurement disclosures.  As of both December 31, 2024 and 2023, the Company’s equity method investments included investments in partnerships with a carrying value of approximately $1.4 billion.  During the years ended December 31, 2024, 2023 and 2022, the Company recorded net realized and unrealized losses of $57 million, $182 million and $271 million, respectively, related to changes in the fair value of the Company’s investments in equity securities and the Company’s equity in earnings of the partnerships that reflect the changes in fair value of the investments of the partnerships.  Refer to Note 8 for additional information on gains and losses on the Company’s investments, including investments in the partnerships.  

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The cross-currency swap derivative contracts are classified as Level 2 in the fair value hierarchy as they are measured using the income approach with the relevant interest rates and current foreign currency exchange rates and forward curves as inputs.  Refer to Note 14 for additional information.Fair Value of Other Financial InstrumentsThe carrying amounts and fair values of the Company’s other financial instruments as of December 31 were as follows ($ in millions):20242023Carrying AmountFair ValueCarrying AmountFair ValueDebt obligations:Notes payable and current portion of long-term debt$505 $502 $1,695 $1,672 Long-term debt15,500 13,109 16,707 14,415 As of December 31, 2024 and 2023, short and long-term borrowings were categorized as Level 1.  The fair value of long-term borrowings was based on quoted market prices.  The difference between the fair value and the carrying amounts of long-term borrowings is attributable to changes in market interest rates and/or the Company’s credit ratings subsequent to the incurrence of the borrowing.  The fair values of borrowings with original maturities of one year or less, as well as cash and cash equivalents, trade accounts receivable, net and trade accounts payable generally approximate their carrying amounts due to the short-term maturities of these instruments.Refer to Note 15 for