Company: DHR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000313616-25-000043
Chunk: 229

Company: DANAHER CORP /DE/
Filing Date: 2025-02-20
Form: 10-K
Item: Item 5
Chunk 229
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 on current trading multiples of EBITDA for companies operating in businesses similar to each of the Company’s reporting units, in addition to recent available market sale transactions of comparable businesses.  In determining the estimated fair value of each reporting unit, the Company also applies a control premium.  If the estimated fair value of the reporting unit is less than its carrying value, the Company must perform additional analysis to determine if the reporting unit’s goodwill has been impaired.As of December 31, 2024, the Company had five reporting units for goodwill impairment testing.  As of the date of the 2024 annual impairment test, the carrying value of the goodwill included in each individual reporting unit ranged from approximately $1.2 billion to $22.5 billion.  No goodwill impairment charges were recorded for any of the years ended December 31, 2024, 2023 and 2022 and no “triggering” events have occurred subsequent to the performance of the 2024 annual impairment test.  The factors used by management in its impairment analysis are inherently subject to uncertainty.  If actual results are not consistent with management’s estimates and assumptions, goodwill and other intangible assets may be overstated, and a charge would need to be taken against net earnings.The following is a rollforward of the Company’s goodwill by segment ($ in millions):  BiotechnologyLife SciencesDiagnosticsTotalBalance, January 1, 2023$22,087 $8,314 $6,875 $37,276 Attributable to 2023 acquisitions— 3,851 — 3,851 Adjustments due to finalization of purchase price adjustments2 5 — 7 Foreign currency translation and other388 51 35 474 Balance, December 31, 202322,477 12,221 6,910 41,608 Attributable to 2024 acquisitions— 305 — 305 Adjustments due to finalization of purchase price allocations— (23)— (23)Foreign currency translation and other(1,040)(198)(155)(1,393)Balance, December 31, 2024$21,437 $12,305 $6,755 $40,497 Finite-lived intangible assets are amortized over their legal or estimated useful life.  The following summarizes the gross carrying value and accumulated amortization for each major category of intangible assets as of December 31 ($ in millions): 202