Company: DHR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000313616-25-000043
Chunk: 244

Company: DANAHER CORP /DE/
Filing Date: 2025-02-20
Form: 10-K
Item: Item 5
Chunk 244
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 and qualifying as net investment hedges, were classified as of December 31 in the Company’s Consolidated Balance Sheets as follows ($ in millions):20242023Derivative assets:Other long-term assets$415 $291 Nonderivative hedging instruments:Notes payable and current portion of long-term debt— 993 Long-term debt3,042 3,270 Amounts related to the Company’s derivatives expected to be reclassified from accumulated OCI to net earnings during the next 12 months, if interest rates and foreign exchange rates remain unchanged, are not significant.

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NOTE 15.  PENSION AND OTHER POSTRETIREMENT EMPLOYEE BENEFIT PLANS 

The Company has noncontributory defined benefit pension plans which cover certain of its U.S. employees.  During 2012, all remaining benefit accruals under the U.S. plans ceased.  Defined benefit plans from acquisitions subsequent to 2012 are ceased as soon as practical.  The Company also has noncontributory defined benefit pension plans which cover certain of its non-U.S. employees, and under certain of these plans, benefit accruals continue.  In general, the Company’s policy is to fund these plans based on considerations relating to legal requirements, underlying asset returns, the plan’s funded status, the anticipated tax deductibility of the contribution, local practices, market conditions, interest rates and other factors.  In addition to providing pension benefits, the Company provides certain healthcare and life insurance benefits for some of its retired employees in the United States.  Certain employees may become eligible for these benefits as they reach normal retirement age while working for the Company.The following sets forth the funded status of the U.S. pension, non-U.S. pension and postretirement benefit plans as of the most recent actuarial valuations using measurement dates of December 31 ($ in millions): U.S. Pension BenefitsNon-U.S. Pension BenefitsPostretirement Benefits 202420232024202320242023Change in pension benefit obligation:Benefit obligation at beginning of year$(1,858)$(1,909)$(1,349)$(1,168)$(98)$(101)Service cost— — (32)(30)— — Interest cost(90)(97)(45)(46)(4)(5)Employee/retiree contributions— — (8)(7)(2)(1)Benefits and other expenses paid152 155 50 47 12 12 Actuar