DHR — 10-K Filing

The key components of income from the Veralto business from discontinued operations for the year ended December 31, 2023 were as follows ($ in millions):Sales$3,712 Cost of sales(1,556)Selling, general and administrative expenses(1,236)Research and development expenses(168)Other income (expense)(14)Interest expense(7)Income from discontinued operations before income taxes731 Income tax expense(188)Earnings from discontinued operations, net of income taxes$543 71Table of ContentsOn July 2, 2016, the Company completed the separation (the “Fortive Separation”) of its former Test & Measurement segment, Industrial Technologies segment (excluding the product identification business) and the retail/consumer petroleum businesses by distributing to Danaher stockholders on a pro rata basis all of the issued and outstanding common stock of Fortive Corporation (“Fortive”), the entity the Company incorporated to hold such businesses. The accounting requirements for reporting the Fortive Separation as a discontinued operation were met when the Fortive Separation was completed. In 2025, the Company recorded an income tax benefit of $14 million related to the release of previously provided reserves due to audit settlements and the expiration of statutes of limitations associated with uncertain tax positions on certain of the Company’s tax returns which were jointly filed with Fortive and Veralto entities. This income tax benefit is included in earnings from discontinued operations, net of income taxes in the accompanying Consolidated Statements of Earnings. NOTE 4.

The risk profile above reflects the latest cached DredgeCap analysis for DHR. For the full filing-by-filing analyst report (red flags, primary risk driver, what moves the stock), open DHR's company page.