Statement of Comprehensive Income
Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.
Danaher Corp., consolidated statement of comprehensive income
US$ in millions
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
Net earnings exhibited an initial increase followed by a substantial decline over the five-year period. Starting at US$6,433 million in 2021, net earnings rose to US$7,209 million in 2022 before decreasing significantly to US$4,764 million in 2023, and continuing to fall to US$3,899 million in 2024 and US$3,614 million in 2025. This represents an overall decrease in profitability during the latter part of the analyzed timeframe.
- Foreign Currency Translation Adjustments
- Fluctuations were observed in foreign currency translation adjustments. A significant negative adjustment was recorded in both 2021 and 2022, at US$-1,284 million and US$-2,105 million respectively. This was followed by a positive adjustment of US$215 million in 2023, before reverting to a negative adjustment of US$-1,458 million in 2024. A substantial positive adjustment of US$2,665 million was recorded in 2025, indicating a considerable shift in the impact of foreign currency translation on overall comprehensive income.
- Pension and Postretirement Plan Benefit Adjustments
- Pension and postretirement plan benefit adjustments were relatively small in magnitude compared to other comprehensive income components. Positive adjustments were recorded in 2021 (US$378 million) and 2022 (US$209 million), followed by a negative adjustment in 2023 (US$-51 million). These adjustments became modestly positive again in 2024 (US$101 million) and 2025 (US$115 million), suggesting some stability in this area, though with minor fluctuations.
- Cash Flow Hedge Adjustments
- Cash flow hedge adjustments demonstrated variability. An initial positive adjustment of US$247 million was recorded in 2021, decreasing to US$51 million in 2022. A small negative adjustment of US$-14 million occurred in 2023, followed by a more substantial negative adjustment of US$-113 million in 2024. The final year, 2025, saw a positive adjustment of US$231 million, indicating a volatile impact from cash flow hedging activities.
- Other Comprehensive Income (Loss)
- Other comprehensive income (loss), net of income taxes, experienced significant swings. Negative values were recorded in 2021 (US$-659 million) and 2022 (US$-1,845 million). A positive value of US$150 million was observed in 2023, followed by a negative value of US$-1,470 million in 2024. A substantial positive value of US$3,011 million was recorded in 2025, highlighting the considerable influence of this component on overall comprehensive income.
Comprehensive income mirrored the trend in net earnings, initially decreasing from US$5,774 million in 2021 to US$5,364 million in 2022, then declining more sharply to US$4,914 million in 2023 and US$2,429 million in 2024. However, comprehensive income rebounded strongly in 2025, reaching US$6,625 million, driven primarily by the significant positive adjustments in foreign currency translation and other comprehensive income.
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