Company: DHR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000313616-25-000043
Chunk: 26

Company: DANAHER CORP /DE/
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 26
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, which involves the use of different weighted-average share count figures relating to quarterly and annual periods.  As a result, and after factoring the effect of rounding to the nearest cent per share, the sum of prior quarter-to-date EPS figures may not equal annual EPS.  On April 17, 2023, all outstanding shares of the MCPS Series B converted into 8.6 million shares of the Company’s common stock.  The impact of the MCPS Series B calculated under the if-converted method was anti-dilutive for both of the years ended December 31, 2023 and 2022 and as such 2.5 million and 8.6 million shares, respectively, underlying the MCPS Series B were excluded in the calculation of diluted EPS and the related MCPS Series B dividends of $21 million and $86 million, respectively, were included in the calculation of net earnings for diluted EPS for the period.  On April 15, 2022, all outstanding shares of the MCPS Series A converted into 11.0 million shares of the Company’s common stock.  The impact of the MCPS Series A calculated under the if-converted method was dilutive for the year ended December 31, 2022, and as such 3.0 million shares underlying the MCPS Series A were included in the calculation of diluted EPS and the related MCPS Series A dividends of $20 million were excluded from the calculation of net earnings for diluted EPS.  Refer to Note 18 for additional information about the MCPS Series A and B conversions. Information related to the calculation of net earnings per common share from continuing operations for the years ended December 31 is summarized as follows ($ and shares in millions, except per share amounts):202420232022Numerator:Net earnings from continuing operations$3,899 $4,221 $6,328 MCPS dividends— (21)(106)Net earnings from continuing operations attributable to common stockholders for Basic EPS3,899 4,200 6,222 Adjustment for MCPS dividends for dilutive MCPS— — 20 Net earnings from continuing operations attributable to common stockholders after assumed conversions for Diluted EPS$3,899 $4,200 $6,242 Denominator:Weighted average common shares outstanding used in Basic EPS731.0 736.5 725.1 Incremental common shares from:Assumed exercise of dilutive options and