Company: DHR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000313616-25-000043
Chunk: 247

Company: DANAHER CORP /DE/
Filing Date: 2025-02-20
Form: 10-K
Item: Item 5
Chunk 247
---
 measurement: U.S. PlansNon-U.S. Plans 2024202320242023Discount rate5.1 %5.4 %3.5 %4.0 %Expected long-term return on plan assets6.8 %6.8 %4.2 %4.6 %Rate of compensation increaseN/AN/A3.1 %3.0 %The discount rate reflects the market rate on December 31 of the prior year for high-quality fixed-income investments with maturities corresponding to the Company’s benefit obligations and is subject to change each year.  For non-U.S. pension plans, rates appropriate for each plan are determined based on investment-grade instruments with maturities approximately equal to the average expected benefit payout under the plan. Included in accumulated other comprehensive income (loss) as of December 31, 2024 are the following amounts that have not yet been recognized in net periodic pension cost: unrecognized prior service credit of $4 million ($3 million, after-tax) and unrecognized actuarial losses of approximately $399 million ($303 million, after-tax).  The unrecognized losses and prior service cost, net, is calculated as the difference between the actuarially determined projected benefit obligation and the value of the plan assets less accrued pension costs as of December 31, 2024.  

88

Included in accumulated other comprehensive income (loss) as of December 31, 2024 are the following amounts that have not yet been recognized in net periodic postretirement benefit cost: unrecognized prior service credits of $6 million ($4 million, after-tax) and unrecognized actuarial losses of $6 million ($4 million, after-tax).  The unrecognized losses and prior service credits, net, is calculated as the difference between the actuarially determined projected benefit obligation and the value of the plan assets less accrued benefit costs as of December 31, 2024.  Selection of Expected Rate of Return on AssetsFor the years ended December 31, 2024, 2023 and 2022, the Company used an expected long-term rate of return assumption of 6.8% for its U.S. defined benefit pension plan.  The Company intends to use an expected long-term rate of return assumption of 6.8% for 2025 for such plan.  This expected rate of return reflects the asset allocation of the plan, and is based primarily on broad, publicly-traded equity and fixed-income indices and forward-looking estimates of