Company: DHR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000313616-25-000043
Chunk: 228

Company: DANAHER CORP /DE/
Filing Date: 2025-02-20
Form: 10-K
Item: Item 5
Chunk 228
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 Statements include the following amounts related to operating leases where the Company is the lessee ($ in millions):202420232022Consolidated Statements of EarningsFixed operating lease expense(a)$239 $207 $199 Variable operating lease expense60 67 60 Total operating lease expense$299 $274 $259 Consolidated Statements of Cash FlowsCash paid for amounts included in the measurement of operating lease liabilities$245 $214 $219 ROU assets obtained in exchange for operating lease obligations320 182 188 Consolidated Balance SheetsDecember 31, 2024December 31, 2023Lease Assets and LiabilitiesClassificationOperating lease ROU assetsOther long-term assets$1,084 $1,052 Operating lease liabilities - currentAccrued expenses and other liabilities$173 $180 Operating lease liabilities - long-termOther long-term liabilities968 954 Total operating lease liabilities$1,141 $1,134 Weighted average remaining lease term9 years9 yearsWeighted average discount rate4.2 %3.4 %(a) Includes short-term leases and sublease income, both of which were immaterial.The following table presents the maturity of the Company’s operating lease liabilities as of December 31, 2024 ($ in millions):2025$212 2026190 2027153 2028134 2029120 Thereafter584 Total operating lease payments1,393 Less: imputed interest(252)Total operating lease liabilities$1,141 As of December 31, 2024, the Company had no additional significant operating or finance leases that had not yet commenced.

NOTE 10.  GOODWILL AND OTHER INTANGIBLE ASSETS 

As discussed in Note 2, goodwill arises from the purchase price for acquired businesses exceeding the fair value of tangible and intangible assets acquired less assumed liabilities and noncontrolling interests.  Management assesses the goodwill of each of its reporting units for impairment at least annually at the beginning of the fourth quarter and as “triggering” events occur that indicate that it is more likely than not that an impairment exists.  The Company elected to bypass the optional qualitative goodwill assessment allowed by applicable accounting standards and performed a quantitative impairment test for all reporting units as this was determined to be the most effective method to assess for impairment across the reporting units.  

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The Company estimates the fair value of its reporting units primarily using a market approach, based