Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Danaher Corp., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

	Sep 26, 2025	Jun 27, 2025	Mar 28, 2025	Dec 31, 2024	Sep 27, 2024	Jun 28, 2024	Mar 29, 2024	Dec 31, 2023	Sep 29, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jul 1, 2022	Apr 1, 2022	Dec 31, 2021	Oct 1, 2021	Jul 2, 2021	Apr 2, 2021	Dec 31, 2020	Oct 2, 2020	Jul 3, 2020	Apr 3, 2020
Notes payable and current portion of long-term debt	23)	502)	501)	505)	1,200)	701)	1,746)	1,695)	2,547)	1,590)	1,571)	591)	705)	10)	10)	8)	7)	23)	10)	11)	20)	17)	3,234)
Trade accounts payable	1,698)	1,725)	1,722)	1,753)	1,596)	1,645)	1,679)	1,766)	1,894)	1,956)	2,081)	2,296)	2,191)	2,419)	2,357)	2,569)	2,133)	1,967)	1,989)	2,049)	1,678)	1,599)	1,748)
Accrued expenses and other liabilities	4,603)	4,565)	4,422)	4,540)	4,543)	4,355)	4,353)	4,813)	4,926)	4,858)	5,078)	5,502)	5,106)	5,127)	5,180)	5,563)	5,117)	4,835)	4,825)	5,342)	4,340)	3,984)	3,483)
Current liabilities	6,324)	6,792)	6,645)	6,798)	7,339)	6,701)	7,778)	8,274)	9,367)	8,404)	8,730)	8,389)	8,002)	7,556)	7,547)	8,140)	7,257)	6,825)	6,824)	7,402)	6,038)	5,600)	8,466)
Other long-term liabilities	5,660)	5,633)	5,638)	5,694)	5,647)	5,643)	5,760)	6,017)	6,439)	6,489)	6,563)	6,785)	7,493)	7,597)	7,715)	7,699)	8,189)	8,036)	7,905)	7,789)	7,074)	7,026)	6,661)
Long-term debt, excluding current portion	16,833)	16,853)	15,976)	15,500)	16,324)	16,309)	16,417)	16,707)	19,513)	18,285)	18,261)	19,086)	18,542)	20,052)	21,768)	22,168)	23,591)	20,400)	20,267)	21,193)	21,806)	22,370)	22,737)
Long-term liabilities	22,493)	22,486)	21,614)	21,194)	21,971)	21,952)	22,177)	22,724)	25,952)	24,774)	24,824)	25,871)	26,035)	27,649)	29,483)	29,867)	31,780)	28,436)	28,172)	28,982)	28,880)	29,396)	29,398)
Total liabilities	28,817)	29,278)	28,259)	27,992)	29,310)	28,653)	29,955)	30,998)	35,319)	33,178)	33,554)	34,260)	34,037)	35,205)	37,030)	38,007)	39,037)	35,261)	34,996)	36,384)	34,918)	34,996)	37,864)
Preferred stock, no par value	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	1,668)	1,668)	1,668)	1,668)	3,268)	3,268)	3,268)	3,268)	3,268)	3,268)	3,268)	3,268)	1,600)
Common stock, $0.01 par value	9)	9)	9)	9)	9)	9)	9)	9)	9)	9)	9)	9)	9)	9)	9)	9)	9)	9)	9)	9)	9)	9)	8)
Additional paid-in capital	17,076)	16,960)	16,845)	16,727)	9,304)	9,806)	14,215)	14,151)	14,085)	13,939)	12,130)	12,072)	11,985)	11,854)	10,123)	10,090)	10,004)	9,890)	9,794)	9,698)	9,618)	9,475)	7,630)
Treasury stock	(11,344)	(9,305)	(9,306)	(8,163)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Retained earnings	45,920)	45,239)	44,913)	44,188)	43,296)	42,673)	41,962)	41,074)	42,272)	41,344)	40,437)	39,205)	37,177)	35,808)	34,332)	32,827)	31,231)	30,264)	28,670)	27,159)	26,088)	25,374)	24,609)
Accumulated other comprehensive loss	(590)	(569)	(1,612)	(3,218)	(1,310)	(2,591)	(2,744)	(1,748)	(3,959)	(3,576)	(2,766)	(2,872)	(3,854)	(2,745)	(1,376)	(1,027)	(1,061)	(675)	(1,322)	(368)	(1,021)	(1,863)	(2,791)
Total Danaher stockholders’ equity	51,071)	52,334)	50,849)	49,543)	51,299)	49,897)	53,442)	53,486)	52,407)	51,716)	51,478)	50,082)	46,985)	46,594)	46,356)	45,167)	43,451)	42,756)	40,419)	39,766)	37,961)	36,262)	31,055)
Noncontrolling interests	9)	8)	8)	7)	6)	5)	5)	4)	8)	8)	8)	8)	8)	7)	6)	10)	10)	10)	11)	11)	12)	11)	11)
Total stockholders’ equity	51,080)	52,342)	50,857)	49,550)	51,305)	49,902)	53,447)	53,490)	52,415)	51,724)	51,486)	50,090)	46,993)	46,601)	46,362)	45,177)	43,461)	42,766)	40,430)	39,777)	37,973)	36,273)	31,066)
Total liabilities and stockholders’ equity	79,897)	81,620)	79,116)	77,542)	80,615)	78,555)	83,402)	84,488)	87,734)	84,902)	85,040)	84,350)	81,030)	81,806)	83,392)	83,184)	82,498)	78,027)	75,426)	76,161)	72,891)	71,268)	68,930)

Liquidity and Short-term Obligations: The company's notes payable and current portion of long-term debt display significant volatility, initially decreasing from 3,234 million USD to under 30 million USD by mid-2020, then fluctuating sharply with a peak of 2,547 million USD recorded in late 2023. Trade accounts payable exhibited a generally stable but slightly declining trend from approximately 2,700 million USD in 2021 to about 1,700 million USD towards mid-2025. Accrued expenses and other liabilities followed a decreasing trend after peaking above 5,500 million USD at the end of 2020, settling near 4,600 million USD by mid-2025. Overall current liabilities show a variable pattern, peaking at about 9,300 million USD in early 2024 and subsequently declining to approximately 6,300 million USD towards mid-2025.
Long-term Liabilities and Debt: Other long-term liabilities decreased steadily from around 7,900 million USD in early 2021 to approximately 5,660 million USD by mid-2025. Long-term debt excluding the current portion exhibited a gradual decline overall, from a peak above 23,500 million USD in late 2021 to roughly 16,800 million USD in mid-2025. Total long-term liabilities mirrored this downward trend, dropping from nearly 32,000 million USD in late 2021 to around 22,500 million USD by mid-2025. Consequently, total liabilities decreased steadily over the latter periods, reducing from roughly 38,000 million USD in 2020 to approximately 28,800 million USD by mid-2025.
Equity Structure and Components: Preferred stock experienced fluctuations with a drop from 3,268 million USD in late 2021 to 1,668 million USD by the end of 2022, and no further values recorded subsequently. Common stock remained stable at approximately 9 million USD throughout the period. Additional paid-in capital generally increased steadily, with a notable rise to over 17,000 million USD by mid-2025, despite a temporary dip around early 2024. Treasury stock data became available from early 2024, showing a significant increase in stock repurchases reaching approximately 11,344 million USD by late 2025. Retained earnings consistently increased over the period, indicating sustained profitability, growing from around 24,600 million USD in early 2020 to about 45,920 million USD by late 2025. Accumulated other comprehensive losses were highly variable, fluctuating with negative values mostly between -3,900 million USD and -500 million USD, reflecting diverse factors affecting comprehensive income. Total stockholders’ equity showed overall growth from approximately 31,000 million USD in early 2020 to peak near 53,400 million USD in late 2023, followed by some volatility and a slight decline towards around 51,000 million USD by mid-2025.
Overall Financial Position: The company's total liabilities and stockholders’ equity increased from roughly 68,900 million USD in early 2020 to a high near 87,700 million USD in late 2023, followed by a decline to about 79,900 million USD at mid-2025. This suggests a period of expansion followed by stabilization or contraction in total financing sources. The reduction in long-term debt and liabilities combined with rising retained earnings and increased equity components characterize a gradual improvement in the capital structure and potentially a stronger financial position. However, the rapid fluctuations in short-term debt and the increased treasury stock holdings in recent periods merit attention for cash management and capital allocation strategies.

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Danaher Corp. (NYSE:DHR)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data