Company: DHR
Filing Date: 2025-03-26
Form Type: ARS
Source: 0000313616-25-000085
Chunk: 156

Company: DANAHER CORP /DE/
Filing Date: 2025-03-26
Form: ARS
Chunk 156
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 (13) — — Benefits and other expenses paid (152) (155) (50) (47) (12) (12) Foreign exchange rate impact and other — — (4) 36 — — Fair value of plan assets at end of year 1,914 1,889 779 815 — — Funded status $ 211 $ 31 $ (524) $ (534) $ (92) $ (98) The largest contributor to the net actuarial gains affecting the benefit obligations in 2024 U.S. pension, non-U.S. pension plans is increases in the discount 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 Benefits Non-U.S. Pension Benefits Postretirement Benefits 2024 2023 2024 2023 2024 2023 Projected benefit obligation $ 85 $ 92 $ 865 $ 977 $ 92 $ 98 Fair value of plan assets — — 276 360 — — 87

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 Benefits Non-U.S. Pension Benefits 2024 2023 2024 2023 Accumulated 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 Benefits Non-U.S. Pension Benefits Postretirement Benefits 2024 2023 2024 2023 2024 2023 Discount rate 5.6 % 5.1 % 3.5 % 3.5 % 5.5 % 5.1 % Rate of compensation increase N/A N/A 2.9 % 3.1 % N/A N/A In 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 204