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

	Mar 27, 2026	Dec 31, 2025	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
Notes payable and current portion of long-term debt	923)	2)	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)
Trade accounts payable	1,790)	1,844)	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)
Accrued expenses and other liabilities	4,747)	4,961)	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)
Current liabilities	7,460)	6,807)	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)
Other long-term liabilities	5,566)	5,700)	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)
Long-term debt, excluding current portion	17,561)	18,416)	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)
Long-term liabilities	23,127)	24,116)	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)
Total liabilities	30,587)	30,923)	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)
Preferred stock, no par value	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	1,668)	1,668)	1,668)	1,668)	3,268)	3,268)	3,268)	3,268)	3,268)
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)
Additional paid-in capital	17,303)	17,194)	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)
Treasury stock	(11,407)	(11,353)	(11,344)	(9,305)	(9,306)	(8,163)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Retained earnings	47,637)	46,891)	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)
Accumulated other comprehensive loss	(593)	(207)	(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)
Total Danaher stockholders’ equity	52,949)	52,534)	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)
Noncontrolling interests	8)	7)	9)	8)	8)	7)	6)	5)	5)	4)	8)	8)	8)	8)	8)	7)	6)	10)	10)	10)	11)
Total stockholders’ equity	52,957)	52,541)	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)
Total liabilities and stockholders’ equity	83,544)	83,464)	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)

A comprehensive review of the balance sheet from April 2021 through March 2026 reveals a strategic shift in capital structure, characterized by a systematic reduction in total liabilities and a concurrent strengthening of stockholders' equity. Total liabilities decreased from a peak of 39,037 million USD in October 2021 to 30,587 million USD by March 2026, while total stockholders' equity grew from 40,430 million USD to 52,957 million USD over the same period.

Liability Trends and Debt Management: Long-term debt, excluding the current portion, exhibited a general downward trajectory, declining from 20,267 million USD in April 2021 to 17,561 million USD by March 2026. This reduction was complemented by a steady decrease in other long-term liabilities, which fell from 7,905 million USD to 5,566 million USD. Current liabilities showed more volatility, peaking at 9,367 million USD in September 2023 before stabilizing around 7,460 million USD by the end of the analyzed period. Notably, the notes payable and current portion of long-term debt experienced significant fluctuations, including a sharp increase to 2,547 million USD in September 2023, followed by a substantial reduction.
Equity Growth and Composition: The growth in stockholders' equity was primarily driven by a consistent increase in retained earnings, which rose from 28,670 million USD in April 2021 to 47,637 million USD by March 2026, reflecting sustained profitability. Additional paid-in capital also trended upward, reaching 17,303 million USD by March 2026, despite a temporary dip in mid-2024. The emergence of treasury stock in December 2024, which grew to a negative value of 11,407 million USD by March 2026, indicates a significant acceleration in share repurchase activity during the latter stages of the period.
Comprehensive Loss and Other Components: Accumulated other comprehensive loss showed high variability, reaching a peak deficit of 3,959 million USD in September 2023 before recovering to a deficit of 593 million USD by March 2026. Preferred stock was eliminated from the balance sheet after July 2022, moving from 3,268 million USD to zero, which further altered the equity mix. Noncontrolling interests remained negligible and stable, fluctuating between 4 million USD and 11 million USD.
Overall Solvency and Capital Position: The relationship between liabilities and equity shifted toward a more conservative financial position. The reduction in total liabilities combined with the expansion of the equity base suggests a decrease in financial leverage. The total liabilities and stockholders' equity figure remained relatively stable, moving from 75,426 million USD in April 2021 to 83,544 million USD in March 2026, with the growth in asset backing being increasingly funded by internal equity rather than external debt.

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Danaher Corp. (NYSE:DHR)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data