Company: DHR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000313616-25-000043
Chunk: 55

Company: DANAHER CORP /DE/
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 55
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 rates related to a portion of the debt the Company issued.  These contracts effectively fixed the interest rate for a portion of the Company’s debt equal to the notional amount of the swaps to the rate specified in the interest rate swap agreements and were settled in November 2019 and December 2021.  The changes in the fair value of these instruments were recorded in accumulated OCI prior to the issuance of the debt and are subsequently being reclassified to interest expense over the life of the related debt.

85

The following table summarizes the notional values as of December 31, 2024 and 2023 and pretax impact of changes in the fair values of instruments designated as net investment hedges and cash flow hedges in accumulated OCI for the year then ended ($ in millions):Original Notional AmountNotional Amount OutstandingGain (Loss) Recognized in OCIAmounts Reclassified from OCIYear ended December 31, 2024:Net investment hedges:Cross-currency contracts$3,875 $3,000 $128 $— Foreign currency denominated debt3,042 3,042 249 — Cash flow hedges:Cross-currency contracts4,000 2,600 (4)(111)Interest rate swaps1,600 — — 3 Total$12,517 $8,642 $373 $(108)Year ended December 31, 2023:Net investment hedges:Cross-currency contracts$3,875 $3,000 $(148)$— Foreign currency denominated debt4,263 4,263 (102)— Cash flow hedges:Cross-currency contracts4,000 3,300 (214)107 Interest rate swaps1,600 — — 3 Total$13,738 $10,563 $(464)$110 Gains or losses related to the net investment hedges are classified as foreign currency translation adjustments in the schedule of changes in OCI in Note 18, as these items are attributable to the Company’s hedges of its net investment in foreign operations.  Gains or losses related to the cash flow hedges are classified as cash flow hedge adjustments in the schedule of changes in OCI in Note 18.  The amount reclassified from OCI for the cross-currency swap derivative contracts that are cash flow hedges of the Company’s U.S. dollar-denominated debt was equal to the remeasurement amount recorded in the period