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Cover Page - shares	6 Months Ended
Cover Page - shares	Jul. 03, 2020	Jul. 17, 2020
Entity Information [Line Items]
Document type	10-Q
Document quarterly report	true
Document period end date	Jul. 03, 2020
Document transition report	false
Entity file number	001-08089
Entity registrant name	DANAHER CORPORATION
Amendment flag	false
Document fiscal year focus	2020
Document fiscal period focus	Q2
Current fiscal year end date	--12-31
Entity central index key	0000313616
Entity incorporation, state code	DE
Entity tax identification number	59-1995548
Entity address, address line one	2200 Pennsylvania Avenue, N.W., Suite 800W
Entity address, city	Washington,
Entity address, state	DC
Entity address, postal zip code	20037-1701
City area code	202
Local phone number	828-0850
Entity current reporting status	Yes
Entity interactive data current	Yes
Entity filer category	Large Accelerated Filer
Entity small business	false
Entity emerging growth company	false
Entity shell company	false
Entity common stock, shares outstanding		709,408,837
Common stock
Entity Information [Line Items]
Title of 12(b) security	Common stock, $0.01 par value
Trading symbol	DHR
Security exchange name	NYSE
Preferred stock series A
Entity Information [Line Items]
Title of 12(b) security	4.75% Mandatory Convertible Preferred Stock, Series A, without par value
Trading symbol	DHR.PRA
Security exchange name	NYSE
Preferred stock series B
Entity Information [Line Items]
Title of 12(b) security	5.00% Mandatory Convertible Preferred Stock, Series B, without par value
Trading symbol	DHR.PRB
Security exchange name	NYSE
Floating rate senior notes due 2022
Entity Information [Line Items]
Title of 12(b) security	Floating Rate Senior Notes due 2022
Trading symbol	DHR F 06/30/22
Security exchange name	NYSE
1.7% senior notes due 2022
Entity Information [Line Items]
Title of 12(b) security	1.700% Senior Notes due 2022
Trading symbol	DHR 1.7 01/04/22
Security exchange name	NYSE
1.7% senior notes due 2024
Entity Information [Line Items]
Title of 12(b) security	1.700% Senior Notes due 2024
Trading symbol	DHR 1.7 03/30/24
Security exchange name	NYSE
2.5% senior notes due 2025
Entity Information [Line Items]
Title of 12(b) security	2.500% Senior Notes due 2025
Trading symbol	DHR 2.5 07/08/25
Security exchange name	NYSE
0.2% senior notes due 2026
Entity Information [Line Items]
Title of 12(b) security	0.200% Senior Notes due 2026
Trading symbol	DHR 0.2 03/18/26
Security exchange name	NYSE
2.1% senior notes due 2026
Entity Information [Line Items]
Title of 12(b) security	2.100% Senior Notes due 2026
Trading symbol	DHR 2.1 09/30/26
Security exchange name	NYSE
1.2% senior notes due 2027
Entity Information [Line Items]
Title of 12(b) security	1.200% Senior Notes due 2027
Trading symbol	DHR 1.2 06/30/27
Security exchange name	NYSE
0.45% senior notes due 2028
Entity Information [Line Items]
Title of 12(b) security	0.450% Senior Notes due 2028
Trading symbol	DHR 0.45 03/18/28
Security exchange name	NYSE
2.5% senior notes due 2030
Entity Information [Line Items]
Title of 12(b) security	2.500% Senior Notes due 2030
Trading symbol	DHR 2.5 03/30/30
Security exchange name	NYSE
0.75% senior notes due 2031
Entity Information [Line Items]
Title of 12(b) security	0.750% Senior Notes due 2031
Trading symbol	DHR 0.75 09/18/31
Security exchange name	NYSE
1.35% senior notes due 2039
Entity Information [Line Items]
Title of 12(b) security	1.350% Senior Notes due 2039
Trading symbol	DHR 1.35 09/18/39
Security exchange name	NYSE
1.8% senior notes due 2049
Entity Information [Line Items]
Title of 12(b) security	1.800% Senior Notes due 2049
Trading symbol	DHR 1.8 09/18/49
Security exchange name	NYSE

Consolidated Condensed Balance Sheets - USD ($) $ in Millions	Jul. 03, 2020	Dec. 31, 2019
Current assets:
Cash and equivalents	$ 5,539.3	$ 19,912.3
Trade accounts receivable, less allowance for doubtful accounts of $130.3 and $103.7, respectively	3,378.4	3,191.4
Inventories:
Finished goods	1,406.2	833.5
Work in process	475.4	284.9
Raw materials	711.3	509.9
Total inventories	2,592.9	1,628.3
Prepaid expenses and other current assets	833.2	864.6
Total current assets	12,343.8	25,596.6
Property, plant and equipment, net of accumulated depreciation of $2,880.8 and $2,761.4, respectively	2,972.9	2,302.0
Other long-term assets	2,280.1	1,720.8
Goodwill	33,227.1	22,712.5
Other intangible assets, net	20,444.5	9,749.7
Total assets	71,268.4	62,081.6
Current liabilities:
Notes payable and current portion of long-term debt	17.2	212.4
Trade accounts payable	1,598.6	1,514.4
Accrued expenses and other liabilities	3,984.1	3,205.3
Total current liabilities	5,599.9	4,932.1
Other long-term liabilities	7,025.6	5,350.9
Long-term debt	22,370.0	21,516.7
Stockholders’ equity:
Preferred stock, without par value, 15.0 million shares authorized; 1.65 million shares of 4.75% Mandatory Convertible Preferred Stock, Series A, issued and outstanding as of July 3, 2020 and December 31, 2019; 1.72 million shares of 5.00% Mandatory Convertible Preferred Stock, Series B, issued and outstanding as of July 3, 2020 and no shares issued or outstanding as of December 31, 2019	3,267.7	1,599.6
Common stock - $0.01 par value, 2.0 billion shares authorized; 849.5 million issued and 709.2 million outstanding as of July 3, 2020; 835.5 million issued and 695.5 million outstanding as of December 31, 2019	8.5	8.4
Additional paid-in capital	9,475.1	7,564.6
Retained earnings	25,373.5	24,166.3
Accumulated other comprehensive income (loss)	(1,863.1)	(3,068.3)
Total Danaher stockholders’ equity	36,261.7	30,270.6
Noncontrolling interests	11.2	11.3
Total stockholders’ equity	36,272.9	30,281.9
Total liabilities and stockholders’ equity	$ 71,268.4	$ 62,081.6

Consolidated Condensed Balance Sheets Consolidated Condensed Balance Sheets (Parenthetical) - USD ($) shares in Thousands, $ in Millions	Jul. 03, 2020	Dec. 31, 2019
Property, plant and equipment, net of accumulated depreciation	$ 2,880.8	$ 2,761.4
Allowance for doubtful accounts	$ 130.3	$ 103.7
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	2,000,000	2,000,000
Common stock, shares issued	849,500	835,500
Common stock, shares outstanding	709,200	695,500
Preferred stock
Preferred stock, shares authorized	15,000	15,000
Preferred stock \| Preferred stock series A
Preferred stock, dividend rate, percent	4.75%	4.75%
Preferred stock, no par value	$ 0	$ 0
Preferred stock, shares issued	1,650	1,650
Preferred stock, shares outstanding	1,650	1,650
Preferred stock \| Preferred stock series B
Preferred stock, dividend rate, percent	5.00%	0.00%
Preferred stock, no par value	$ 0	$ 0
Preferred stock, shares issued	1,720	0
Preferred stock, shares outstanding	1,720	0

Consolidated Condensed Statements Of Earnings - USD ($)
shares in Millions, $ in Millions

3 Months Ended

6 Months Ended

Jul. 03, 2020

Jun. 28, 2019

Jul. 03, 2020

Jun. 28, 2019

Income Statement [Abstract]

Sales

$ 5,297.4

$ 4,444.5

$ 9,640.5

$ 8,664.7

Cost of sales

(2,444.8)

(1,960.7)

(4,345.1)

(3,826.0)

Gross profit

2,852.6

2,483.8

5,295.4

4,838.7

Operating costs:

Selling, general and administrative expenses

(1,685.4)

(1,390.0)

(3,143.7)

(2,757.7)

Research and development expenses

(322.6)

(282.1)

(609.6)

(549.6)

Operating profit

844.6

811.7

1,542.1

1,531.4

Nonoperating income (expense):

Other (expense) income, net

(0.7)

5.0

(2.2)

10.1

Gain on sale of product lines

454.6

0.0

454.6

0.0

Interest expense

(78.6)

(19.7)

(126.0)

(40.2)

Interest income

1.0

26.2

63.5

41.9

Earnings from continuing operations before income taxes

1,220.9

823.2

1,932.0

1,543.2

Income taxes

(293.6)

(146.8)

(409.6)

(534.5)

Net earnings from continuing operations

927.3

676.4

1,522.4

1,008.7

Earnings from discontinued operations, net of income taxes

0.0

54.9

0.0

56.4

Net earnings

927.3

731.3

1,522.4

1,065.1

Mandatory convertible preferred stock dividends

(34.6)

(22.7)

(54.2)

(29.2)

Net earnings attributable to common stockholders

$ 892.7

$ 708.6

$ 1,468.2

$ 1,035.9

Net earnings per common share:

Net earnings per share from continuing operations, basic

$ 1.27

$ 0.91

$ 2.09

^[1]

$ 1.37

Net earnings per share from continuing operations, diluted

1.24

0.90

2.06

^[1]

1.36

Net earnings per share from discontinued operations, basic

0.08

Net earnings per share from discontinued operations, diluted

0.08

Net earnings per common share, basic

1.27

0.99

2.09

^[1]

1.45

Net earnings per common share, diluted

$ 1.24

$ 0.97

^[2]

$ 2.06

^[1]

$ 1.43

^[2]

Average common stock and common equivalent shares outstanding:

Basic

705.1

717.6

701.1

712.6

Diluted

718.2

727.9

713.1

723.2

[1]	Net earnings per common share amounts for the relevant three-month periods do not add to the six-month period amounts due to rounding.
[2]	Net earnings per common share does not add due to rounding.

Consolidated Condensed Statements Of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 03, 2020	Jun. 28, 2019	Jul. 03, 2020	Jun. 28, 2019
Statement of Comprehensive Income [Abstract]
Net earnings	$ 927.3	$ 731.3	$ 1,522.4	$ 1,065.1
Other comprehensive income (loss), net of income taxes:
Foreign currency translation adjustments	1,076.7	(46.5)	922.8	(57.3)
Pension and postretirement plan benefit adjustments	7.9	4.6	16.1	10.0
Unrealized gain on available-for-sale securities adjustments	0.4	0.5	1.0	0.9
Cash flow hedge adjustments	(156.8)	(6.8)	265.3	(6.8)
Total other comprehensive income (loss), net of income taxes	928.2	(48.2)	1,205.2	(53.2)
Comprehensive income	$ 1,855.5	$ 683.1	$ 2,727.6	$ 1,011.9

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

+ References

+ Details

Consolidated Condensed Statement Of Stockholders' Equity - USD ($) $ in Millions	Total	Preferred stock	Common stock	Additional paid-in capital	Retained earnings	Accumulated other comprehensive income (loss)	Noncontrolling interests	Adoption of accounting standards Retained earnings
Balance, beginning of period at Dec. 31, 2018		$ 0.0	$ 8.2	$ 5,834.3	$ 25,163.0	$ (2,791.1)	$ 12.3	$ 0.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of stock		1,599.6	0.1	1,443.1
Common stock-based award activity				175.6
Common stock issued in connection with LYONs’ conversions, including tax benefit of $3.0 and $3.5, $3.0 and $8.2 respectively				29.6
Net earnings	$ 1,065.1				1,065.1
Dividends declared for common stock					(243.9)
Mandatory convertible preferred stock cumulative dividends					(29.2)
Other comprehensive income (loss)	(53.2)					(53.2)
Change in noncontrolling interests							(0.3)
Balance, end of period at Jun. 28, 2019	32,213.2	1,599.6	8.3	7,482.6	25,955.0	(2,844.3)	12.0
Balance, beginning of period at Mar. 29, 2019		1,599.6	8.3	7,376.3	25,368.5	(2,796.1)	12.1	0.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of stock		0.0	0.0	0.0
Common stock-based award activity				93.5
Common stock issued in connection with LYONs’ conversions, including tax benefit of $3.0 and $3.5, $3.0 and $8.2 respectively				12.8
Net earnings	731.3				731.3
Dividends declared for common stock					(122.1)
Mandatory convertible preferred stock cumulative dividends					(22.7)
Other comprehensive income (loss)	(48.2)					(48.2)
Change in noncontrolling interests							(0.1)
Balance, end of period at Jun. 28, 2019	32,213.2	1,599.6	8.3	7,482.6	25,955.0	(2,844.3)	12.0
Balance, beginning of period at Dec. 31, 2019	30,281.9	1,599.6	8.4	7,564.6	24,166.3	(3,068.3)	11.3	(7.6)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of stock		1,668.1	0.1	1,728.4
Common stock-based award activity				171.3
Common stock issued in connection with LYONs’ conversions, including tax benefit of $3.0 and $3.5, $3.0 and $8.2 respectively				10.8
Net earnings	1,522.4				1,522.4
Dividends declared for common stock					(253.4)
Mandatory convertible preferred stock cumulative dividends					(54.2)
Other comprehensive income (loss)	1,205.2					1,205.2
Change in noncontrolling interests							(0.1)
Balance, end of period at Jul. 03, 2020	36,272.9	3,267.7	8.5	9,475.1	25,373.5	(1,863.1)	11.2
Balance, beginning of period at Apr. 03, 2020		1,599.6	8.4	7,629.8	24,608.6	(2,791.3)	11.3	$ 0.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of stock		1,668.1	0.1	1,728.4
Common stock-based award activity				106.8
Common stock issued in connection with LYONs’ conversions, including tax benefit of $3.0 and $3.5, $3.0 and $8.2 respectively				10.1
Net earnings	927.3				927.3
Dividends declared for common stock					(127.8)
Mandatory convertible preferred stock cumulative dividends					(34.6)
Other comprehensive income (loss)	928.2					928.2
Change in noncontrolling interests							(0.1)
Balance, end of period at Jul. 03, 2020	$ 36,272.9	$ 3,267.7	$ 8.5	$ 9,475.1	$ 25,373.5	$ (1,863.1)	$ 11.2

Consolidated Condensed Statement Of Stockholders' Equity Consolidated Condensed Statement Of Stockholders' Equity (Parenthetical) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 03, 2020	Jun. 28, 2019	Jul. 03, 2020	Jun. 28, 2019
Statement of Stockholders' Equity [Abstract]
Debt conversion, converted instrument, tax benefit	$ 3.0	$ 3.5	$ 3.0	$ 8.2

Consolidated Condensed Statements Of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jul. 03, 2020	Jun. 28, 2019
Cash flows from operating activities:
Net earnings	$ 1,522.4	$ 1,065.1
Less: earnings from discontinued operations, net of income taxes	0.0	56.4
Net earnings from continuing operations	1,522.4	1,008.7
Noncash items:
Depreciation	304.4	280.7
Amortization	470.5	313.7
Stock-based compensation expense	91.8	76.5
Pretax gain on sale of product lines	(454.6)	0.0
Change in trade accounts receivable, net	274.3	20.4
Change in inventories	(70.4)	(169.8)
Change in trade accounts payable	(160.3)	(22.6)
Change in prepaid expenses and other assets	62.2	223.8
Change in accrued expenses and other liabilities	230.7	37.7
Total operating cash provided by continuing operations	2,271.0	1,769.1
Total operating cash (used in) provided by discontinued operations	(7.0)	105.7
Net operating cash provided by operating activities	2,264.0	1,874.8
Cash flows from investing activities:
Cash paid for acquisitions	(20,735.6)	(326.6)
Payments for additions to property, plant and equipment	(287.9)	(294.4)
Proceeds from sales of property, plant and equipment	0.8	11.7
Payments for purchases of investments	(127.8)	(92.3)
Proceeds from sale of product lines	809.8	0.0
All other investing activities	11.4	16.1
Total investing cash used in continuing operations	(20,329.3)	(685.5)
Total investing cash used in discontinued operations	0.0	(41.9)
Net operating cash used in investing activities	(20,329.3)	(727.4)
Cash flows from financing activities:
Proceeds from the issuance of common stock in connection with stock-based compensation	69.1	83.0
Proceeds from the sale of common stock, net of issuance costs	1,728.5	1,443.2
Proceeds from the sale of preferred stock, net of issuance costs	1,668.1	1,599.6
Payment of dividends	(283.1)	(233.9)
Net (repayments of) proceeds from borrowings (maturities of 90 days or less)	(3,377.1)	599.6
Net proceeds from borrowings (maturities longer than 90 days)	7,691.3	0.0
Net repayments of borrowings (maturities longer than 90 days)	(3,750.0)	(3.9)
All other financing activities	(1.3)	(4.8)
Net operating cash provided by financing activities	3,745.5	3,482.8
Effect of exchange rate changes on cash and equivalents	(53.2)	15.6
Net change in cash and equivalents	(14,373.0)	4,645.8
Beginning balance of cash and equivalents	19,912.3	787.8
Ending balance of cash and equivalents	5,539.3	5,433.6
Supplemental disclosures:
Cash interest payments	117.7	49.2
Cash income tax payments	$ 333.1	$ 196.1

General

6 Months Ended

Jul. 03, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

General

GENERAL

The Consolidated Condensed Financial Statements included herein have been prepared by Danaher Corporation (“Danaher” or the “Company”) without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). In this quarterly report, the terms “Danaher” or the “Company” refer to Danaher Corporation, Danaher Corporation and its consolidated subsidiaries, (unless otherwise indicated or the context otherwise requires) or the consolidated subsidiaries of Danaher Corporation, as the context requires. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) have been condensed or omitted pursuant to SEC rules and regulations; however, the Company believes that the disclosures are adequate to make the information presented not misleading. The Consolidated Condensed Financial Statements included herein should be read in conjunction with the financial statements as of and for the year ended December 31, 2019 and the Notes thereto included in the Company’s 2019 Annual Report on Form 10-K filed on February 21, 2020 (the “2019 Annual Report”).

In the opinion of the Company, the accompanying financial statements contain all adjustments (consisting of only normal recurring accruals) necessary to present fairly the financial position of the Company as of July 3, 2020 and December 31, 2019, its results of operations for the three and six-month periods ended July 3, 2020 and June 28, 2019 and its cash flows for each of the six-month periods then ended.

Accounting Standards Recently Adopted—In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2018-13, Fair Value Measurement (Topic 820), which modifies the disclosures on fair value measurements by removing the requirement to disclose the amount and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy and the policy for timing of such transfers. The ASU expands the disclosure requirements for Level 3 fair value measurements, primarily focused on changes in unrealized gains and losses included in other comprehensive income (loss). The ASU is effective for public entities for fiscal years beginning after December 15, 2019, with early adoption permitted. On January 1, 2020, the Company adopted the ASU and the ASU did not have a significant impact on the Company’s Consolidated Condensed Financial Statements. Refer to Note 6 for the Company’s fair value measurement disclosures.

In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which amends the impairment model by requiring entities to use a forward-looking approach based on expected losses rather than incurred losses to estimate credit losses on certain types of financial instruments, including trade receivables. This may result in the earlier recognition of allowances for losses. The ASU is effective for public entities for fiscal years beginning after December 15, 2019, with early adoption permitted. In November 2018, the FASB issued ASU No. 2018-19, Codification Improvements to Topic 326, Financial Instruments—Credit Losses, which provided additional implementation guidance on the previously issued ASU. On January 1, 2020, the Company adopted the ASU using the modified retrospective transition method. The Company recorded a net decrease to beginning retained earnings of $8 million as of January 1, 2020 due to the cumulative impact of adopting Topic 326. The impact to retained earnings was primarily the result of an increase in the Company’s allowance for doubtful accounts as a result of Topic 326’s requirement to use a forward-looking approach based on expected losses rather than incurred losses to estimate credit losses on certain types of financial instruments, including trade receivables. As a result of the adoption of the ASU, the Company’s allowance for doubtful accounts as of July 3, 2020 reflects the Company’s best estimate of the expected future losses for its accounts receivables based on the current economic conditions; however, as a result of the uncertainty caused by the coronavirus (COVID-19) pandemic and other factors, these estimates may change and future actual losses may differ from the Company’s estimates. The Company will continue to monitor economic conditions and will revise the estimates of the expected future losses for accounts receivable as necessary.

Accounting Standards Not Yet Adopted—In August 2018, the FASB issued ASU No. 2018-14, Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans, which amends ASC 715, Compensation—Retirement Benefits, to add, remove and clarify disclosure requirements related to defined benefit pension and other postretirement plans. The ASU is effective for public entities for fiscal years beginning after December 15, 2020, with early adoption permitted. Management has not yet completed its assessment of the impact of the new standard on the Company’s financial statements.

Operating Leases—As of July 3, 2020 and December 31, 2019, operating lease right-of-use assets where the Company was the lessee were $870 million and $764 million, respectively, and are included within other long-term assets in the accompanying Consolidated Condensed Balance Sheets. The associated operating lease liabilities were $894 million and $797 million as of

July 3, 2020 and December 31, 2019, respectively, and are included in accrued expenses and other liabilities and other long-term liabilities.

Accumulated Other Comprehensive Income (Loss)—Accumulated other comprehensive income (loss) refers to certain gains and losses that under U.S. GAAP are included in comprehensive income (loss) but are excluded from net earnings as these amounts are initially recorded as an adjustment to stockholders’ equity. The changes in accumulated other comprehensive income (loss) by component are summarized below ($ in millions). Foreign currency translation adjustments generally relate to indefinite investments in non-U.S. subsidiaries, as well as the impact from the Company’s hedges of its net investment in foreign operations, including the Company’s cross-currency swap derivatives, net of any income tax impacts.



	Foreign Currency Translation Adjustments			Pension & Postretirement Plan Benefit Adjustments				Unrealized Gain (Loss) on Available-For-Sale Securities Adjustments			Cash Flow Hedge Adjustments				Total
For the Three-Month Period Ended July 3, 2020:
Balance, April 3, 2020	$	(2,327.2	)	$	(773.3	)		$	(0.1	)	$	309.3			$	(2,791.3	)
Other comprehensive income (loss) before reclassifications:
Increase (decrease)	1,070.6			—				0.5			(354.3		)		716.8
Income tax impact	6.1			—				(0.1		)	74.4				80.4
Other comprehensive income (loss) before reclassifications, net of income taxes	1,076.7			—				0.4			(279.9		)		797.2
Amounts reclassified from accumulated other comprehensive income (loss):
Increase	—			10.4			(a)	—			155.8			(b)	166.2
Income tax impact	—			(2.5		)		—			(32.7		)		(35.2		)
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes	—			7.9				—			123.1				131.0
Net current period other comprehensive income (loss), net of income taxes	1,076.7			7.9				0.4			(156.8		)		928.2
Balance, July 3, 2020	$	(1,250.5	)	$	(765.4	)		$	0.3		$	152.5			$	(1,863.1	)

For the Three-Month Period Ended June 28, 2019:
Balance, March 29, 2019	$	(2,108.9	)	$	(685.7	)		$	(1.5	)	$	—			$	(2,796.1	)
Other comprehensive income (loss) before reclassifications:
(Decrease) increase	(51.9		)	—				0.7			(8.9		)		(60.1		)
Income tax impact	5.4			—				(0.2		)	2.1				7.3
Other comprehensive income (loss) before reclassifications, net of income taxes	(46.5		)	—				0.5			(6.8		)		(52.8		)
Amounts reclassified from accumulated other comprehensive income (loss):
Increase	—			6.1			(a)	—			—				6.1
Income tax impact	—			(1.5		)		—			—				(1.5		)
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes	—			4.6				—			—				4.6
Net current period other comprehensive income (loss), net of income taxes	(46.5		)	4.6				0.5			(6.8		)		(48.2		)
Balance, June 28, 2019	$	(2,155.4	)	$	(681.1	)		$	(1.0	)	$	(6.8	)		$	(2,844.3	)

^(a) This accumulated other comprehensive income (loss) component is included in the computation of net periodic pension cost. Refer to Notes 9 and 11 for additional details.

^(b) Reflects reclassification to earnings related to hedges of certain long-term debt (refer to Note 8 for additional details).



	Foreign Currency Translation Adjustments			Pension & Postretirement Plan Benefit Adjustments				Unrealized Gain (Loss) on Available-For-Sale Securities Adjustments			Cash Flow Hedge Adjustments				Total
For the Six-Month Period Ended July 3, 2020:
Balance, December 31, 2019	$	(2,173.3	)	$	(781.5	)		$	(0.7	)	$	(112.8	)		$	(3,068.3	)
Other comprehensive income (loss) before reclassifications:
Increase	939.1			—				1.2			296.5				1,236.8
Income tax impact	(16.3		)	—				(0.2		)	(44.5		)		(61.0		)
Other comprehensive income (loss) before reclassifications, net of income taxes	922.8			—				1.0			252.0				1,175.8
Amounts reclassified from accumulated other comprehensive income (loss):
Increase	—			21.2			(a)	—			17.0			(b)	38.2
Income tax impact	—			(5.1		)		—			(3.7		)		(8.8		)
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes	—			16.1				—			13.3				29.4
Net current period other comprehensive income (loss), net of income taxes	922.8			16.1				1.0			265.3				1,205.2
Balance, July 3, 2020	$	(1,250.5	)	$	(765.4	)		$	0.3		$	152.5			$	(1,863.1	)

For the Six-Month Period Ended June 28, 2019:
Balance, December 31, 2018	$	(2,098.1	)	$	(691.1	)		$	(1.9	)	$	—			$	(2,791.1	)
Other comprehensive income (loss) before reclassifications:
(Decrease) increase	(59.2		)	—				1.2			(8.9		)		(66.9		)
Income tax impact	1.9			—				(0.3		)	2.1				3.7
Other comprehensive income (loss) before reclassifications, net of income taxes	(57.3		)	—				0.9			(6.8		)		(63.2		)
Amounts reclassified from accumulated other comprehensive income (loss):
Increase	—			13.2			(a)	—			—				13.2
Income tax impact	—			(3.2		)		—			—				(3.2		)
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes	—			10.0				—			—				10.0
Net current period other comprehensive income (loss), net of income taxes	(57.3		)	10.0				0.9			(6.8		)		(53.2		)
Balance, June 28, 2019	$	(2,155.4	)	$	(681.1	)		$	(1.0	)	$	(6.8	)		$	(2,844.3	)

^(a) This accumulated other comprehensive income (loss) component is included in the computation of net periodic pension cost. Refer to Note 9 and 11 for additional details.

^(b) Reflects reclassification to earnings related to hedges of certain long-term debt (refer to Note 8 for additional details).

Revenue (Notes)

6 Months Ended

Jul. 03, 2020

Revenue from Contract with Customer [Abstract]

Revenue

REVENUE

The following tables present the Company’s revenues disaggregated by geographical region and revenue type for the three and six-month periods ended July 3, 2020 and June 28, 2019 ($ in millions). Sales taxes and other usage-based taxes collected from customers are excluded from revenue.



	Life Sciences		Diagnostics		Environmental & Applied Solutions		Total
For the Three-Month Period Ended July 3, 2020:
Geographical region:
North America	$	999.8	$	691.0	$	452.2	$	2,143.0
Western Europe	711.6		315.3		219.3		1,246.2
Other developed markets	178.2		95.6		28.9		302.7
High-growth markets ^(a)	752.8		558.3		294.4		1,605.5
Total	$	2,642.4	$	1,660.2	$	994.8	$	5,297.4

Revenue type:
Recurring	$	1,900.1	$	1,335.5	$	579.8	$	3,815.4
Nonrecurring	742.3		324.7		415.0		1,482.0
Total	$	2,642.4	$	1,660.2	$	994.8	$	5,297.4

For the Three-Month Period Ended June 28, 2019:
Geographical region:
North America	$	653.6	$	601.0	$	488.3	$	1,742.9
Western Europe	459.3		281.7		261.6		1,002.6
Other developed markets	137.6		95.2		31.3		264.1
High-growth markets ^(a)	462.1		640.4		332.4		1,434.9
Total	$	1,712.6	$	1,618.3	$	1,113.6	$	4,444.5

Revenue type:
Recurring	$	1,111.9	$	1,380.6	$	592.8	$	3,085.3
Nonrecurring	600.7		237.7		520.8		1,359.2
Total	$	1,712.6	$	1,618.3	$	1,113.6	$	4,444.5



	Life Sciences		Diagnostics		Environmental & Applied Solutions		Total
For the Six-Month Period Ended July 3, 2020:
Geographical region:
North America	$	1,620.5	$	1,445.7	$	949.1	$	4,015.3
Western Europe	1,183.2		625.1		475.3		2,283.6
Other developed markets	331.0		194.3		59.2		584.5
High-growth markets ^(a)	1,158.1		1,022.1		576.9		2,757.1
Total	$	4,292.8	$	3,287.2	$	2,060.5	$	9,640.5

Revenue type:
Recurring	$	3,059.5	$	2,763.4	$	1,199.4	$	7,022.3
Nonrecurring	1,233.3		523.8		861.1		2,618.2
Total	$	4,292.8	$	3,287.2	$	2,060.5	$	9,640.5

For the Six-Month Period Ended June 28, 2019:
Geographical region:
North America	$	1,240.9	$	1,233.4	$	937.5	$	3,411.8
Western Europe	919.6		570.6		521.3		2,011.5
Other developed markets	286.9		187.2		60.2		534.3
High-growth markets ^(a)	892.1		1,163.9		651.1		2,707.1
Total	$	3,339.5	$	3,155.1	$	2,170.1	$	8,664.7

Revenue type:
Recurring	$	2,180.1	$	2,704.7	$	1,175.0	$	6,059.8
Nonrecurring	1,159.4		450.4		995.1		2,604.9
Total	$	3,339.5	$	3,155.1	$	2,170.1	$	8,664.7

^(a) The Company defines high-growth markets as developing markets of the world experiencing extended periods of accelerated growth in gross domestic product and infrastructure which include Eastern Europe, the Middle East, Africa, Latin America and Asia (with the exception of Japan, Australia and New Zealand). The Company defines developed markets as all markets that are not high-growth markets.

The Company sells equipment to customers as well as consumables, software licenses and services, some of which customers purchase on a recurring basis. Consumables sold for use with the equipment sold by the Company are typically critical to the use of the equipment and are typically used on a one-time or limited basis, requiring frequent replacement in the customer’s operating cycle. Examples of these consumables include reagents used in diagnostic tests, filters used in filtration, separation and purification processes and cartridges for marking and coding equipment. Additionally, some of the Company’s consumables are used on a standalone basis, such as water treatment solutions. The Company separates its goods and services between those sold on a recurring basis and those sold on a nonrecurring basis. Recurring revenue includes revenue from consumables, services, software licenses recognized over time, software-as-a-service licenses, sales-and-usage based royalties and operating-type leases (“OTLs”). Nonrecurring revenue includes sales from equipment, software licenses recognized at a point in time and sales-type leases (“STLs”). OTLs and STLs are included in the above revenue amounts. For the three-month periods ended July 3, 2020 and June 28, 2019, lease revenue was $110 million and $106 million, respectively. For the six-month periods ended July 3, 2020 and June 28, 2019, lease revenue was $220 million and $212 million, respectively.

Remaining performance obligations related to Topic 606, Revenue from Contracts with Customers, represent the aggregate transaction price allocated to performance obligations with an original contract term greater than one year which are fully or partially unsatisfied at the end of the period. As of July 3, 2020, the aggregate amount of the transaction price allocated to remaining performance obligations was approximately $2.6 billion. The Company expects to recognize revenue on approximately 51% of the remaining performance obligations over the next 12 months, 22% over the subsequent 12 months, and the remainder recognized thereafter.

The timing of revenue recognition, billings and cash collections results in billed accounts receivable, unbilled receivables (“contract assets”) and deferred revenue, customer deposits and billings in excess of revenue recognized (“contract liabilities”)

on the Consolidated Condensed Balance Sheets. Most of the Company’s long-term contracts are billed as work progresses in accordance with the contract terms and conditions, either at periodic intervals or upon achievement of certain milestones. Often this results in billing occurring subsequent to revenue recognition resulting in contract assets. Contract assets are generally classified as other current assets in the Consolidated Condensed Balance Sheets. The balance of contract assets as of July 3, 2020 and December 31, 2019 was $87 million and $77 million, respectively. The increase in the contract asset balance during the six-month period ended July 3, 2020 was primarily due to the Cytiva Acquisition (defined below).

The Company often receives cash payments from customers in advance of the Company’s performance resulting in contract liabilities. These contract liabilities are classified as either current or long-term in the Consolidated Condensed Balance Sheets based on the timing of when the Company expects to recognize revenue. As of July 3, 2020 and December 31, 2019, contract liabilities were approximately $1.2 billion and $806 million, respectively, and are included within accrued expenses and other liabilities and other long-term liabilities in the accompanying Consolidated Condensed Balance Sheets. The increase in the contract liability balance during the six-month period ended July 3, 2020 was primarily a result of the Cytiva Acquisition and cash payments received in advance of satisfying performance obligations, partially offset by revenue recognized during the year that was included in the opening contract liability balance. Revenue recognized during the six-month periods ended July 3, 2020 and June 28, 2019 that was included in the contract liability balance on December 31, 2019 and December 31, 2018 was $419 million and $403 million, respectively. Contract assets and liabilities are reported on the accompanying Consolidated Condensed Balance Sheets on a contract-by-contract basis.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

+ Details

Acquisitions

6 Months Ended

Jul. 03, 2020

Business Combinations [Abstract]

Acquisitions

ACQUISITIONS

For a description of the Company’s acquisition activity for the year ended December 31, 2019, reference is made to the financial statements as of and for the year ended December 31, 2019 and Note 3 thereto included in the Company’s 2019 Annual Report.

The Company continually evaluates potential acquisitions that either strategically fit with the Company’s existing portfolio or expand the Company’s portfolio into a new and attractive business area. The Company has completed a number of acquisitions that have been accounted for as purchases and have resulted in the recognition of goodwill in the Company’s financial statements. This goodwill arises because the purchase prices for these businesses reflect a number of factors including the future earnings and cash flow potential of these businesses, the multiple to earnings, cash flow and other factors at which similar businesses have been purchased by other acquirers, the competitive nature of the processes by which the Company acquired the businesses, avoidance of the time and costs which would be required (and the associated risks that would be encountered) to enhance the Company’s existing product offerings to key target markets and enter into new and profitable businesses and the complementary strategic fit and resulting synergies these businesses bring to existing operations.

The Company makes an initial allocation of the purchase price at the date of acquisition based upon its understanding of the fair value of the acquired assets and assumed liabilities. The Company obtains this information during due diligence and through other sources. In the months after closing, as the Company obtains additional information about these assets and liabilities, including through tangible and intangible asset appraisals, and learns more about the newly acquired business, it is able to refine the estimates of fair value and more accurately allocate the purchase price. Only facts and circumstances that existed as of the acquisition date are considered for subsequent adjustment. The Company is continuing to evaluate certain pre-acquisition contingencies associated with its 2020 acquisition of Cytiva (described below) and is also in the process of obtaining valuations of certain acquisition-related assets and liabilities in connection with this acquisition. The Company will make appropriate adjustments to the purchase price allocation prior to completion of the measurement period, as required.

On March 31, 2020, the Company acquired the Biopharma business of General Electric Company’s (“GE”) Life Sciences division, now known as Cytiva, for a cash purchase price of approximately $20.7 billion (net of approximately $0.1 billion of acquired cash), subject to certain adjustments, and the assumption of approximately $0.4 billion of pension liabilities (the “Cytiva Acquisition”). Cytiva is a leading provider of instruments, consumables and software that support the research, discovery, process development and manufacturing workflows of biopharmaceutical drugs. Cytiva had revenues of approximately $3.3 billion in 2019 and is included in the Company’s Life Sciences segment results beginning in the second quarter of 2020. The acquisition is expected to provide additional sales and earnings growth opportunities for the Company’s Life Sciences segment by expanding the business’ geographic and product line diversity, including new product and service offerings that complement the Company’s current biologics workflow solutions. As a condition to obtaining certain regulatory approvals for the closing of the transaction, the Company was required to divest certain of its existing product lines in the Life Sciences segment that in the aggregate generated revenues of approximately $170 million in 2019. On April 30, 2020, the Company completed the sale of the majority of these product lines for a cash purchase price, net of cash transferred and transaction costs, of $810 million and recognized a pretax gain on sale of $455 million ($305 million after-tax or $0.42 per diluted common share) in the second quarter of 2020. The divestiture of these product lines did not represent a strategic shift

with a major effect on the Company’s operations and financial results and therefore will not be reported as a discontinued operation.

The Company financed the Cytiva Acquisition with approximately $3.0 billion of proceeds from the March 1, 2019 underwritten public offerings of its Common Stock and Series A Mandatory Convertible Preferred Stock (“MCPS Series A”), approximately $10.8 billion of proceeds from the issuance of euro-denominated and U.S. dollar-denominated long-term debt in the second half of 2019, and approximately $6.9 billion from the aggregate of proceeds from commercial paper borrowings, borrowings under the Company’s Five-Year Facility (as defined below) and cash on hand. The Company preliminarily recorded approximately $10.2 billion of goodwill related to the Cytiva Acquisition.

The following summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition for the Cytiva Acquisition ($ in millions):



Trade accounts receivable	$	483.0
Inventories	939.2
Property, plant and equipment	695.7
Goodwill	10,179.5
Other intangible assets, primarily technology and customer relationships	10,645.5
Trade accounts payable	(249.9		)
Pension liabilities	(422.8		)
Deferred tax liabilities	(1,200.6		)
Other assets and liabilities, net	(334.0		)
Net cash consideration	$	20,735.6

Pro Forma Financial Information

The unaudited pro forma information for the periods set forth below gives effect to the 2020 and 2019 acquisitions as if they had occurred as of January 1, 2019. The pro forma information is presented for informational purposes only and is not necessarily indicative of the results of operations that actually would have been achieved had the acquisitions been consummated as of that time ($ in millions, except per share amounts):



	Three-Month Period Ended				Six-Month Period Ended
	July 3, 2020		June 28, 2019		July 3, 2020		June 28, 2019
Sales	$	5,323.7	$	5,214.3	$	10,442.9	$	10,132.0
Net earnings from continuing operations	796.6		644.5		1,512.7		866.4
Diluted net earnings per common share from continuing operations ^(a)	1.06		0.85		2.05		1.14

^(a)Diluted net earnings per common share from continuing operations is calculated by adding the interest on the Company’s LYONs to net earnings from continuing operations and deducting the MCPS dividends from net earnings from continuing operations.

The 2019 unaudited pro forma sales and net earnings set forth above were adjusted to include the pretax impact of $167 million and $391 million for the three and six-month periods ended June 28, 2019, respectively, of non-recurring acquisition date fair value adjustments to inventory and deferred revenue related to the Cytiva Acquisition. The 2020 unaudited pro forma sales and net earnings were adjusted to exclude the impact of these items.

In addition, acquisition-related transaction costs of $18 million for the three-month period ended June 28, 2019 and $59 million and $33 million for the six-month periods ended July 3, 2020 and June 28, 2019, respectively, associated with the Cytiva Acquisition were excluded from pro forma net earnings. The pretax gain of $455 million ($305 million after-tax or $0.42 per diluted common share) for the three-month and six-month periods ended July 3, 2020 related to the divestiture of certain product lines that was required as a condition to obtaining certain regulatory approvals for the closing of the Cytiva Acquisition was excluded from the 2020 pro forma net earnings.

Discontinued Operations (Notes)

6 Months Ended

Jul. 03, 2020

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

DISCONTINUED OPERATIONS

On December 18, 2019, Danaher completed the separation (the “Separation”) of Envista Holdings Corporation (“Envista”). For additional details on the Separation, reference is made to the financial statements as of and for the year ended December 31, 2019 and Note 4 thereto included in the Company’s 2019 Annual Report on Form 10-K. The accounting requirements for reporting the Separation of Envista as a discontinued operation were met when the Separation was completed. Accordingly, the accompanying Consolidated Condensed Financial Statements for all periods presented reflect this business as a discontinued operation.

In connection with the Separation, Danaher and Envista entered into various agreements to effect the disposition and provide a framework for their relationship after the Separation, including a separation agreement, transition services agreement, employee matters agreement, tax matters agreement, intellectual property matters agreement and Danaher Business System license agreement. These agreements provide for the allocation between Danaher and Envista of assets, employees, liabilities and obligations (including investments, property and employee benefits and tax related assets and liabilities) attributable to periods prior to, at and after Envista’s separation from Danaher and govern certain relationships between Danaher and Envista after the Separation. In addition, Danaher is also party to various commercial agreements with Envista entities. The amounts paid and received by Danaher for transition services provided under the above agreements as well as sales and purchases to and from Envista were not material to the Company’s results of operations for the three and six-month periods ended July 3, 2020.

The key components of income from discontinued operations for the three and six-month periods ended June 28, 2019 were as follows ($ in millions):



	Three-Month Period Ended			Six-Month Period Ended
Sales	$	712.1		$	1,371.8
Cost of sales	(318.5		)	(615.1		)
Selling, general and administrative expenses	(281.8		)	(597.5		)
Research and development expenses	(39.7		)	(83.0		)
Other income	1.3			1.4
Interest expense	(0.9		)	(3.7		)
Earnings from discontinued operations before income taxes	72.5			73.9
Income taxes	(17.6		)	(17.5		)
Earnings from discontinued operations, net of income taxes	$	54.9		$	56.4

Goodwill and Other Intangible Assets

6 Months Ended

Jul. 03, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

GOODWILL AND OTHER INTANGIBLE ASSETS

The following is a rollforward of the Company’s goodwill ($ in millions):



Balance, December 31, 2019	$	22,712.5
Attributable to 2020 acquisitions	10,179.5
Attributable to 2020 divestitures	(180.5		)
Adjustments due to finalization of purchase price allocations	(2.3		)
Foreign currency translation and other	517.9
Balance, July 3, 2020	$	33,227.1

The carrying value of goodwill by segment is summarized as follows ($ in millions):



	July 3, 2020		December 31, 2019
Life Sciences	$	24,033.5	$	13,471.8
Diagnostics	6,869.7		6,901.2
Environmental & Applied Solutions	2,323.9		2,339.5
Total	$	33,227.1	$	22,712.5

The increase in the goodwill balance of the Life Sciences segment in the six-month period ended July 3, 2020 is a result of the Cytiva Acquisition. Measurement period adjustments since acquisition reduced the goodwill recognized for the Cytiva Acquisition by approximately $1.3 billion, as the initial allocation of the purchase price was adjusted to allocate additional purchase price to technology, customer relationships, and trade names partially offset by related deferred tax liabilities. Refer to Note 3 for more detail. The Company has not identified any “triggering” events which indicate an impairment of goodwill in 2020.

Finite-lived intangible assets are amortized over their legal or estimated useful life. The following summarizes the gross carrying value and accumulated amortization for each major category of intangible assets ($ in millions):



	July 3, 2020					December 31, 2019
	Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
Finite-lived intangibles:
Patents and technology	$	11,373.8	$	(1,136.8	)	$	2,712.7	$	(934.1	)
Customer relationships, trade names and other intangibles	8,749.1		(2,811.1		)	6,367.4		(2,612.3		)
Total finite-lived intangibles	20,122.9		(3,947.9		)	9,080.1		(3,546.4		)
Indefinite-lived intangibles:
Trademarks and trade names	4,269.5		—			4,216.0		—
Total intangibles	$	24,392.4	$	(3,947.9	)	$	13,296.1	$	(3,546.4	)

During the six-month period ended July 3, 2020, the Company acquired finite-lived intangible assets, consisting primarily of developed technology, customer relationships and trade names, with a weighted average life of 17 years as a result of the Cytiva Acquisition. Refer to Note 3 for additional information on the intangible assets acquired.

The Company identified impairment triggers during the first quarter of 2020 which resulted in the impairment of certain long-lived assets, including a trade name. The Company recorded impairment charges totaling $8 million in the six-month period ended July 3, 2020 related to these long-lived assets.

Fair Value Measurements

6 Months Ended

Jul. 03, 2020

Fair Value Disclosures [Abstract]

Fair Value Measurements

FAIR VALUE MEASUREMENTS

Accounting standards define fair value based on an exit price model, establish a framework for measuring fair value where the Company’s assets and liabilities are required to be carried at fair value and provide for certain disclosures related to the valuation methods used within a valuation hierarchy as established within the accounting standards. This hierarchy prioritizes the inputs into three broad levels as follows. Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 inputs are quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets in markets that are not active, or other observable characteristics for the asset or liability, including interest rates, yield curves and credit risks, or inputs that are derived principally from, or corroborated by, observable market data through correlation. Level 3 inputs are unobservable inputs based on the Company’s assumptions. A financial asset or liability’s classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement in its entirety.

A summary of financial assets and liabilities that are measured at fair value on a recurring basis were as follows ($ in millions):



	Balance, July 3, 2020		Quoted Prices in Active Market (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Available-for-sale debt securities	$	31.3	$	—	$	31.3	$	—
Investment in equity securities	198.5		16.6		—		—
Cross-currency swap derivative contracts	278.2		—		278.2		—
Liabilities:
Deferred compensation plans	89.3		—		89.3		—

	December 31, 2019		Quoted Prices in Active Market (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Available-for-sale debt securities	$	33.7	$	—	$	33.7	$	—
Investment in equity securities	110.8		—		—		—
Cross-currency swap derivative contracts	25.7		—		25.7		—
Liabilities:
Cross-currency swap derivative contracts	111.7		—		111.7		—
Deferred compensation plans	70.4		—		70.4		—

Available-for-sale debt securities, which are included in other long-term assets in the accompanying Consolidated Condensed Balance Sheets, are measured at fair value using quoted prices reported by investment brokers and dealers based on the underlying terms of the security and comparison to similar securities traded on an active market. As of July 3, 2020, available-for-sale debt securities primarily include U.S. Treasury Notes and corporate debt securities, which are valued based on instruments with similar terms traded on an active market.

The Company’s investments in equity securities consist of investments in publicly traded equity securities and investments in non-marketable equity securities. The publicly traded securities are classified as Level 1 in the fair value hierarchy as they are measured based on quotes in active markets. For the non-marketable equity securities, the Company estimates the fair value of the investments in equity securities based on the measurement alternative and adjusts for impairments and observable price changes with a same or similar security from the same issuer within net earnings (the “Fair Value Alternative”). The Company’s investments in these equity securities are not classified in the fair value hierarchy due to the use of these measurement methods. Additionally, the Company is a limited partner in a partnership that invests in early-stage companies. While the partnership records these investments at fair value, the Company’s investment in the partnership is accounted for under the equity method of accounting and is not subject to fair value measurement disclosures. During the three and six-month periods ended July 3, 2020, the Company recorded a $6 million unrealized loss ($0.01 per diluted common share) and $13 million unrealized loss ($0.02 per diluted common share), respectively, related to a reduction in the fair value of these investments which is reflected in other (expense) income, net in the Company’s Consolidated Condensed Statements of Earnings. No significant realized gains or losses were recorded in the three and six-month periods ended June 28, 2019 with respect to these investments.

The cross-currency swap derivative contracts are used to partially hedge the Company’s net investments in foreign operations against adverse movements in exchange rates between the U.S. dollar and the Danish kroner, Japanese yen, euro and Swiss franc. The Company also uses cross-currency swap derivative contracts to hedge the exchange rate exposure from long-term debt issuances in a foreign currency other than the functional currency of the borrower. The cross-currency swap derivative contracts are classified as Level 2 in the fair value hierarchy as they are measured using the income approach with the relevant interest rates and foreign currency current exchange rates and forward curves as inputs. Refer to Note 8 for additional information.

The Company has established nonqualified contribution and deferred compensation programs that permit the Company to make tax-deferred contributions to officers and certain other employees, and also permit directors, officers and certain other employees to voluntarily defer taxation on a portion of their compensation. All amounts contributed or deferred under such

plans are unfunded, unsecured obligations of the Company and are presented as a component of the Company’s compensation and benefits accrual included in other long-term liabilities in the accompanying Consolidated Condensed Balance Sheets. Non-director participants may choose among alternative earning rates for the amounts they defer, which are primarily based on investment options within the Company’s 401(k) program. Changes in the deferred compensation liability under these programs are recognized based on changes in the fair value of the participants’ accounts, which are based on the applicable earnings rates. Amounts deferred by directors and amounts unilaterally contributed to participant accounts by the Company are deemed invested in the Company’s common stock and future distributions of such contributions (as well as future distributions of any voluntary deferrals allocated at any time to the Danaher common stock investment option) will be made solely in shares of Company common stock, and therefore are not reflected in the above amounts.

Fair Value of Financial Instruments

The carrying amounts and fair values of the Company’s financial instruments were as follows ($ in millions):



	July 3, 2020				December 31, 2019
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Assets:
Available-for-sale debt securities	$	31.3	$	31.3	$	33.7	$	33.7
Investment in equity securities	198.5		198.5		110.8		110.8
Cross-currency swap derivative contracts	278.2		278.2		25.7		25.7
Liabilities:
Cross-currency swap derivative contracts	—		—		111.7		111.7
Notes payable and current portion of long-term debt	17.2		17.2		212.4		212.4
Long-term debt	22,370.0		23,189.5		21,516.7		21,896.9

As of July 3, 2020 and December 31, 2019, available-for-sale debt securities and cross-currency swap derivative contracts were categorized as Level 2 and short and long-term borrowings were categorized as Level 1.

The fair value of long-term borrowings was based on quoted market prices. The difference between the fair value and the carrying amounts of long-term borrowings (other than the Company’s Liquid Yield Option Notes due 2021 (the “LYONs”)) is attributable to changes in market interest rates and/or the Company’s credit ratings subsequent to the incurrence of the borrowing. In the case of the LYONs, differences in the fair value from the carrying value are attributable to changes in the price of the Company’s common stock due to the LYONs’ conversion features. The fair values of borrowings with original maturities of one year or less, as well as cash and cash equivalents, trade accounts receivable, net and trade accounts payable approximate their carrying amounts due to the short-term maturities of these instruments.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Financing

6 Months Ended

Jul. 03, 2020

Debt Disclosure [Abstract]

Financing

FINANCING

As of July 3, 2020, the Company was in compliance with all of its debt covenants. The components of the Company’s debt were as follows ($ in millions):



	July 3, 2020		December 31, 2019
Euro-denominated commercial paper (€1.5 billion and €4.6 billion, respectively)	$	1,680.4	$	5,146.2
U.S. dollar-denominated commercial paper	67.1		—
Zero-coupon LYONs due 2021	26.2		33.6
0.352% senior unsecured notes due 2021 (¥30.0 billion aggregate principal amount) (the “2021 Yen Notes”)	278.9		275.8
1.7% senior unsecured notes due 2022 (€800.0 million aggregate principal amount) (the “2022 Euronotes”)	897.7		894.8
Floating rate senior unsecured notes due 2022 (€250.0 million aggregate principal amount) (the “Floating Rate 2022 Euronotes”)	280.7		279.8
2.05% senior notes due 2022 (the “2022 Biopharma Notes”)	697.5		696.9
0.5% senior unsecured bonds due 2023 (CHF 540.0 million aggregate principal amount) (the “2023 CHF Bonds”)	572.2		558.9
1.7% senior notes due 2024 (€900.0 million aggregate principal amount) (the “2024 Euronotes”)	1,006.6		—
5-year revolving credit facility	1,247.8		—
2.2% senior unsecured notes due 2024 (the “2024 Biopharma Notes”)	696.4		696.2
2.5% senior unsecured notes due 2025 (€800.0 million aggregate principal amount) (the “2025 Euronotes”)	896.3		893.7
3.35% senior unsecured notes due 2025 (the “2025 U.S. Notes”)	497.5		497.3
0.2% senior unsecured notes due 2026 (€1.3 billion aggregate principal amount) (the “2026 Biopharma Euronotes”)	1,396.5		1,392.3
2.1% senior notes due 2026 (€800.0 million aggregate principal amount) (the “2026 Euronotes”)	895.1		—
0.3% senior unsecured notes due 2027 (¥30.8 billion aggregate principal amount) (the “2027 Yen Notes”)	285.6		282.5
1.2% senior unsecured notes due 2027 (€600.0 million aggregate principal amount) (the “2027 Euronotes”)	670.1		668.0
0.45% senior unsecured notes due 2028 (€1.3 billion aggregate principal amount) (the “2028 Biopharma Euronotes”)	1,394.6		1,390.1
1.125% senior unsecured bonds due 2028 (CHF 210.0 million aggregate principal amount) (the “2028 CHF Bonds”)	226.1		221.0
2.6% senior unsecured notes due 2029 (the “2029 Biopharma Notes”)	794.5		794.8
2.5% senior notes due 2030 (€800.0 million aggregate principal amount) (the “2030 Euronotes”)	898.7		—
0.75% senior unsecured notes due 2031 (€1.8 billion aggregate principal amount) (the “2031 Biopharma Euronotes”)	1,954.6		1,948.7
0.65% senior unsecured notes due 2032 (¥53.2 billion aggregate principal amount) (the “2032 Yen Notes”)	493.2		487.8
1.35% senior unsecured notes due 2039 (€1.3 billion aggregate principal amount) (the “2039 Biopharma Euronotes”)	1,387.8		1,383.6
3.25% senior unsecured notes due 2029 (the “2039 Biopharma Notes”)	889.0		890.3
4.375% senior unsecured notes due 2045 (the “2045 U.S. Notes”)	499.4		499.4
1.8% senior unsecured notes due 2049 (€750.0 million aggregate principal amount) (the “2049 Biopharma Euronotes”)	833.3		830.9
3.4% senior unsecured notes due 2049 (the “2049 Biopharma Notes”)	888.5		890.2
Other	34.9		76.3
Total debt	22,387.2		21,729.1
Less: currently payable	17.2		212.4
Long-term debt	$	22,370.0	$	21,516.7

For additional details regarding the Company’s debt financing, refer to Note 11 of the Company’s financial statements as of and for the year ended December 31, 2019 included in the Company’s 2019 Annual Report.

The Company has historically satisfied any short-term liquidity needs that are not met through operating cash flow and available cash primarily through issuances of commercial paper under its U.S. dollar and euro-denominated commercial paper programs. Until June 5, 2020, the Company’s $5.0 billion unsecured, multi-year revolving credit facility with a syndicate of banks that expires on August 24, 2024 (the “Five-Year Facility”) and the Company’s $5.0 billion 364-day unsecured revolving credit facility with a syndicate of banks scheduled to expire on August 26, 2020 (the “Superseded 364-Day Facility”) were available for direct borrowings and provided support for the commercial paper programs. On June 5, 2020, the Company replaced the Superseded 364-Day Facility with a new $2.5 billion 364-day unsecured revolving credit facility (the “364-Day Facility”) that expires on June 4, 2021 (the “Scheduled Termination Date”), as further described below. Effective as of June 5, 2020, credit support for the Company’s commercial paper program is provided by the Five-Year Facility and the 364-Day Facility.

Given the adverse impact of COVID-19 on the availability of new borrowings in the commercial paper markets, during the first six months of 2020, the Company also borrowed under the Five-Year Facility and the Superseded 364-Day Facility. Specifically, on March 24, 2020, the Company borrowed $2.5 billion under the Five-Year Facility to fund a portion of the Cytiva Acquisition and for general corporate purposes, at an annual interest rate of 1.7% through March 31, 2020 and 1.9% beginning April 1, 2020. On April 7, 2020, the Company borrowed $2.5 billion under the Superseded 364-Day Facility for general corporate purposes at an annual interest rate of 2.3%. On May 15, 2020, the Company repaid the borrowings under the Superseded 364-Day Facility and $1.25 billion of outstanding borrowings under the Five-Year Facility. As of July 3, 2020, the Company was in compliance with all covenants under the Credit Facilities. The Company expects to limit borrowings under the Five-Year Facility and 364-Day Facility to amounts that would leave sufficient borrowing capacity under the facilities so that it could borrow, if needed, to repay all of the outstanding commercial paper as it matures. The Company has classified approximately $1.7 billion of its borrowings outstanding under the commercial paper programs as of July 3, 2020 as long-term debt in the accompanying Consolidated Condensed Balance Sheet as the Company had the intent and ability, as supported by availability under the Five-Year Facility, to refinance these borrowings for at least one year from the balance sheet date.

As of July 3, 2020, borrowings outstanding under the Company’s U.S. dollar and euro-denominated commercial paper program had a weighted average annual interest rate of 0.04% and a weighted average remaining maturity of approximately 27 days.

Debt discounts, premiums and debt issuance costs totaled $122 million and $112 million as of July 3, 2020 and December 31, 2019, respectively, and have been netted against the aggregate principal amounts of the related debt in the components of debt table above.

2020 Debt Issuances

On March 30, 2020 and April 8, 2020, Danaher Corporation completed underwritten public offerings of senior unsecured Euronotes due 2024, 2026 and 2030 (collectively the “Notes”). The following summarizes the key terms of the offerings in aggregate (€ in millions):



	Issue Date	Aggregate Principal Amount		Stated Annual Interest Rate		Issue Price (as % of Principal Amount)		Maturity Date	Interest Payment Dates (in arrears)
2024 Euronotes	March 30, 2020	€	750.0	1.700	%	99.931	%	March 30, 2024	March 30
2024 Euronotes	April 8, 2020	€	150.0	1.700	%	100.298	%	March 30, 2024	March 30
2026 Euronotes	March 30, 2020	€	500.0	2.100	%	99.717	%	September 30, 2026	September 30
2026 Euronotes	April 8, 2020	€	300.0	2.100	%	100.842	%	September 30, 2026	September 30
2030 Euronotes	March 30, 2020	€	500.0	2.500	%	99.642	%	March 30, 2030	March 30
2030 Euronotes	April 8, 2020	€	300.0	2.500	%	102.166	%	March 30, 2030	March 30

The Company received net proceeds from the notes issued on March 30, 2020, after underwriting discounts and commissions and offering expenses, of approximately €1.7 billion (approximately $1.9 billion based on currency exchange rates as of the date of the pricing of the notes). The Company received net proceeds from the notes issued on April 8, 2020, after underwriting discounts and commissions and offering expenses, of €754 million ($816 million based on currency exchange rates as of the date of the pricing of the notes). Proceeds from these offerings have been and will be used for general corporate purposes, including repayment of a portion of the Company’s outstanding commercial paper borrowings as they mature and repayment of amounts borrowed under the Company’s Credit Facilities.

364-Day Credit Facility

On June 5, 2020, the Company entered into the 364-Day Facility. The Company may elect, upon the payment of a fee equal to 0.75% of the principal amount of the loans then outstanding and upon the satisfaction of certain conditions, to convert any

loans outstanding on the Scheduled Termination Date into term loans that are due and payable one year following the Scheduled Termination Date.

Borrowings under the 364-Day Facility bear interest as follows: (1) Eurodollar Rate Loans (as defined in the Credit Agreement) bear interest at a variable rate per annum equal to the London inter-bank offered rate plus a margin of between 90.0 and 127.5 basis points, depending on Danaher’s long-term debt credit rating; and (2) Base Rate Loans (as defined in the Credit Agreement) bear interest at a variable rate per annum equal to the highest of (a) the Federal funds rate (as published by the Federal Reserve Bank of New York from time to time) plus 1/2 of 1%, (b) Bank of America’s “prime rate” as publicly announced from time to time and (c) the Eurodollar Rate (as defined in the Credit Agreement) plus 1.0%, plus in each case a margin of between 0.0 and 27.5 basis points depending on Danaher’s long-term debt credit rating. In addition, Danaher is required to pay a per annum facility fee of between 10 and 22.5 basis points (depending on Danaher’s long-term debt credit rating) based on the aggregate commitments under the Credit Facility, regardless of usage.

The Company’s obligations under the 364-Day Facility are unsecured. The Company has unconditionally and irrevocably guaranteed the obligations of each of its subsidiaries in the event a subsidiary is named a borrower under the 364-Day Facility. The 364-Day Facility contains customary representations, warranties, conditions precedent, events of default, indemnities and affirmative and negative covenants. The 364-Day Facility requires the Company to maintain a Consolidated Leverage Ratio (as defined in the 364-Day Facility) of 0.65 to 1.00 or less. Borrowings under the 364-Day Facility are prepayable at the Company’s option at any time in whole or in part without premium or penalty. The 364-Day Facility is available for liquidity support for Danaher’s U.S. dollar and euro-denominated commercial paper programs, as discussed above, and for general corporate purposes.

Guarantors of Debt

The Company has guaranteed long-term debt and commercial paper issued by certain of its wholly-owned subsidiaries. The 2022 Euronotes, Floating Rate 2022 Euronotes, 2025 Euronotes and 2027 Euronotes were issued by DH Europe Finance S.A. (“Danaher International”). The 2022 Biopharma Notes, 2024 Biopharma Notes, 2026 Biopharma Euronotes, 2028 Biopharma Euronotes, 2029 Biopharma Notes, 2031 Biopharma Euronotes, 2039 Biopharma Euronotes, 2049 Biopharma Euronotes, and 2049 Biopharma Notes were issued by DH Europe Finance II S.a.r.l. (“Danaher International II”). The 2023 CHF Bonds and 2028 CHF Bonds were issued by DH Switzerland Finance S.A. (“Danaher Switzerland”). The 2021 Yen Notes, 2027 Yen Notes and 2032 Yen Notes were issued by DH Japan Finance S.A. (“Danaher Japan”). Each of Danaher International, Danaher International II, Danaher Switzerland and Danaher Japan are wholly-owned finance subsidiaries of Danaher Corporation. All of the outstanding and future securities issued by each of these entities are or will be fully and unconditionally guaranteed by the Company and these guarantees rank on parity with the Company’s unsecured and unsubordinated indebtedness.

LYONs Redemption

During the six-month period ended July 3, 2020, holders of certain of the Company’s LYONs converted such LYONs into an aggregate of 288 thousand shares of the Company’s common stock, par value $0.01 per share. The Company’s deferred tax liability of $3 million associated with the book and tax basis difference in the converted LYONs was transferred to additional paid-in capital as a result of the conversions.

Hedging Transactions And Derivative Financial Instruments (Notes)

6 Months Ended

Jul. 03, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Hedging Transactions and Derivative Financial Instruments

HEDGING TRANSACTIONS AND DERIVATIVE FINANCIAL INSTRUMENTS

The Company uses cross-currency swap derivative contracts to partially hedge its net investments in foreign operations against adverse movements in exchange rates between the U.S. dollar and the Danish kroner, Japanese yen, euro and Swiss franc. The cross-currency swap derivative contracts are agreements to exchange fixed-rate payments in one currency for fixed-rate payments in another currency and approximately $1.0 billion of these derivative contracts were outstanding as of July 3, 2020. These contracts effectively convert U.S. dollar-denominated bonds to obligations denominated in Danish kroner, Japanese yen, euro and Swiss franc, and partially offset the impact of changes in currency rates on foreign currency denominated net investments. These contracts also reduce the interest rate from the stated interest rates on the U.S. dollar-denominated debt to the interest rates of the swaps. The changes in the spot rate of these instruments are recorded in accumulated other comprehensive income (loss) in stockholders’ equity, partially offsetting the foreign currency translation adjustment of the Company’s related net investment that is also recorded in accumulated other comprehensive income (loss) in the accompanying Consolidated Condensed Statements of Stockholders’ Equity. Any ineffective portions of net investment hedges are reclassified from accumulated other comprehensive income (loss) into earnings during the period of change. The interest income or expense from these swaps are recorded in interest expense in the accompanying Consolidated Condensed Statements of Earnings consistent with the classification of interest expense attributable to the underlying debt. These instruments mature on dates ranging from September 2025 to September 2028.

The Company also uses cross-currency swap derivative contracts to hedge U.S. dollar-denominated long-term debt issuances in a foreign subsidiary whose functional currency is the euro against adverse movements in exchange rates between the U.S. dollar and the euro. These contracts effectively convert these U.S. dollar-denominated bonds to obligations denominated in euro. The changes in the fair value of these instruments are recorded in accumulated other comprehensive income (loss) in stockholders’ equity, with a reclassification from accumulated other comprehensive income (loss) to net earnings to offset the remeasurement of the hedged debt that is also recorded in net earnings. Any ineffective portions of net investment hedges are reclassified from accumulated other comprehensive income (loss) into earnings during the period of change. The interest income or expense from these swaps are recorded in interest expense in the accompanying Consolidated Condensed Statements of Earnings consistent with the classification of interest expense attributable to the underlying debt. These instruments mature on dates ranging from November 2022 to November 2049.

The Company has also issued foreign currency denominated long-term debt as partial hedges of its net investments in foreign operations against adverse movements in exchange rates between the U.S. dollar and the euro, Japanese yen and Swiss franc. These foreign currency denominated long-term debt issuances are designated and qualify as nonderivative hedging instruments. Accordingly, the foreign currency translation of these debt instruments is recorded in accumulated other comprehensive income (loss) in stockholders’ equity in the accompanying Consolidated Condensed Balance Sheets, offsetting the foreign currency translation adjustment of the Company’s related net investment that is also recorded in accumulated other comprehensive income (loss). Any ineffective portions of net investment hedges are reclassified from accumulated other comprehensive income (loss) into earnings during the period of change. These instruments mature on dates ranging from March 2021 to May 2032.

The Company used interest rate swap agreements to hedge the variability in cash flows due to changes in benchmark interest rates related to a portion of the U.S. debt the Company issued to fund the Cytiva Acquisition. These contracts effectively fixed the interest rate for a portion of the Company’s U.S. dollar-denominated debt equal to the notional amount of the swaps to the rate specified in the interest rate swap agreements and were settled in November 2019. The changes in the fair value of these instruments were recorded in accumulated other comprehensive income (loss) in stockholders’ equity prior to the issuance of the debt and are subsequently being reclassified to interest expense over the life of the related debt.

The following table summarizes the notional values as of July 3, 2020 and pretax impact of changes in the fair values of instruments designated as net investment hedges and cash flow hedges in accumulated other comprehensive income (“OCI”) for the three and six-month periods ended July 3, 2020 and June 28, 2019 ($ in millions):



	Original Notional Amount		Notional Amount Outstanding		Gain (Loss) Recognized in OCI
For the Three-Month Period Ended July 3, 2020:
Net investment hedges:
Foreign currency contracts	$	1,875.0	$	1,000.0	$	(25.6	)
Foreign currency denominated debt	5,211.3		5,211.3		(189.3		)
Cash flow hedges:
Foreign currency contracts	4,000.0		4,000.0		(354.3		)
Total	$	11,086.3	$	10,211.3	$	(569.2	)

For the Three-Month Period Ended June 28, 2019:
Net investment hedges:
Foreign currency contracts:	$	1,875.0	$	1,000.0	$	(19.5	)
Foreign currency denominated debt	8,329.2		8,329.2		(129.5		)
Cash flow hedges:
Interest rate swaps	850.0		850.0		(8.9		)
Total	$	11,054.2	$	10,179.2	$	(157.9	)

For the Six-Month Period Ended July 3, 2020:
Net investment hedges:
Foreign currency contracts:	$	1,875.0	$	1,000.0	$	67.7
Foreign currency denominated debt	5,211.3		5,211.3		(33.1		)
Cash flow hedges:
Foreign currency contracts	4,000.0		4,000.0		296.5
Total	$	11,086.3	$	10,211.3	$	331.1

For the Six-Month Period Ended June 28, 2019:
Net investment hedges:
Foreign currency contracts	$	1,875.0	$	1,000.0	$	(4.7	)
Foreign currency denominated debt	8,329.2		8,329.2		8.3
Cash flow hedges:
Interest rate swaps	850.0		850.0		(8.9		)
Total	$	11,054.2	$	10,179.2	$	(5.3	)

Gains or losses related to net investment hedges are classified as foreign currency translation adjustments in the schedule of changes in OCI in Note 1, as these items are attributable to the Company’s hedges of its net investment in foreign operations. Gains or losses related to the cash flow hedges and interest rate swaps are classified as cash flow hedge adjustments in the schedule of changes in OCI in Note 1. The amount reclassified to earnings for the interest rate swaps in both the three and six-month periods ended July 3, 2020 was $1 million. During the three and six-month periods ended July 3, 2020, the Company reclassified $155 million and $16 million, respectively, of deferred losses from accumulated other comprehensive income (loss) to net earnings related to the cross-currency swap derivative contracts that are cash flow hedges of the Company’s U.S. dollar-denominated debt. This reclassification was equal to the remeasurement gain recorded in the three and six-month periods on the hedged debt.

The Company did not reclassify any other deferred gains or losses related to net investment hedges or cash flow hedges from accumulated other comprehensive income (loss) to earnings during the three and six-month periods ended July 3, 2020 and June 28, 2019. In addition, the Company did not have any ineffectiveness related to net investment hedges or interest rate

swaps during the three and six-month periods ended July 3, 2020 and June 28, 2019. The cash inflows and outflows associated with the Company’s derivative contracts designated as net investment hedges are classified in all other investing activities in the accompanying Consolidated Condensed Statements of Cash Flows. The cash inflows and outflows associated with the Company’s derivative contracts designated as cash flow hedges are classified in cash flows from operating activities in the accompanying Consolidated Condensed Statement of Cash Flows.

The Company’s derivative instruments, as well as its nonderivative debt instruments designated and qualifying as net investment hedges, were classified in the Company’s Consolidated Condensed Balance Sheet as follows ($ in millions):



	July 3, 2020		December 31, 2019
Derivative assets:
Prepaid expenses and other current assets	$	—	$	25.7
Other long-term assets	278.2		—

Derivative liabilities:
Accrued expenses and other liabilities	—		111.7

Nonderivative hedging instruments:
Long-term debt	5,211.3		6,275.9

Amounts related to the Company’s derivatives expected to be reclassified from accumulated other comprehensive income (loss) to net earnings during the next 12 months if interest rates and foreign exchange rates remain the same are not significant.

Defined Benefit Plans

6 Months Ended

Jul. 03, 2020

Retirement Benefits [Abstract]

Defined Benefit Plans

DEFINED BENEFIT PLANS

The following sets forth the components of the Company’s net periodic benefit (cost) of the noncontributory defined benefit pension plans ($ in millions):



	Three-Month Period Ended						Six-Month Period Ended
	July 3, 2020			June 28, 2019			July 3, 2020			June 28, 2019
U.S. pension benefits:
Service cost	$	—		$	(1.6	)	$	—		$	(3.2	)
Interest cost	(17.3		)	(22.2		)	(33.9		)	(44.4		)
Expected return on plan assets	30.5			31.6			59.6			63.2
Amortization of actuarial loss	(9.1		)	(6.2		)	(18.1		)	(12.4		)
Amortization of prior service cost	(0.3		)	(0.3		)	(0.5		)	(0.5		)
Net periodic pension benefit	$	3.8		$	1.3		$	7.1		$	2.7

Non-U.S. pension benefits:
Service cost	$	(10.8	)	$	(5.8	)	$	(16.8	)	$	(11.6	)
Interest cost	(5.7		)	(6.1		)	(10.2		)	(12.3		)
Expected return on plan assets	8.9			10.1			17.8			20.2
Amortization of actuarial loss	(2.3		)	(1.1		)	(4.7		)	(2.2		)
Amortization of prior service credit	0.3			0.1			0.6			0.1
Curtailment gain recognized	0.4			—			0.4			—
Settlement loss recognized	—			(0.1		)	—			(0.1		)
Net periodic pension cost	$	(9.2	)	$	(2.9	)	$	(12.9	)	$	(5.9	)

The following sets forth the components of the Company’s net periodic benefit cost of the other postretirement employee benefit plans ($ in millions):



	Three-Month Period Ended						Six-Month Period Ended
	July 3, 2020			June 28, 2019			July 3, 2020			June 28, 2019
Service cost	$	(0.1	)	$	(0.1	)	$	(0.2	)	$	(0.2	)
Interest cost	(0.9		)	(1.3		)	(1.7		)	(2.5		)
Amortization of prior service credit	0.6			0.5			1.1			1.0
Net periodic cost	$	(0.4	)	$	(0.9	)	$	(0.8	)	$	(1.7	)

The net periodic benefit cost of the noncontributory defined benefit pension plans and other postretirement employee benefit plans incurred during the three and six-month periods ended July 3, 2020 and June 28, 2019 are reflected in the following captions in the accompanying Consolidated Condensed Statements of Earnings ($ in millions):



	Three-Month Period Ended						Six-Month Period Ended
	July 3, 2020			June 28, 2019			July 3, 2020			June 28, 2019
Service cost:
Cost of sales	$	(2.8	)	$	(2.2	)	$	(4.3	)	$	(4.2	)
Selling, general and administrative expenses	(8.1		)	(5.3		)	(12.7		)	(10.8		)
Total service cost	(10.9		)	(7.5		)	(17.0		)	(15.0		)
Other net periodic benefit costs:
Other (expense) income, net	5.1			5.0			10.4			10.1
Total	$	(5.8	)	$	(2.5	)	$	(6.6	)	$	(4.9	)

Employer Contributions

During 2020, the Company’s cash contribution requirements for its U.S. and non-U.S. defined benefit pension plans are forecasted to be approximately $85 million and $45 million, respectively. The ultimate amounts to be contributed depend upon, among other things, legal requirements, underlying asset returns, the plan’s funded status, the anticipated tax deductibility of the contribution, local practices, market conditions, interest rates and other factors. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act was signed into law and includes a provision that allows employers to defer payment of contributions to U.S. defined benefit pension plans due in 2020 until January 1, 2021. The Company is still evaluating whether it will defer any 2020 contributions to its U.S. defined benefit pension plans pursuant to this provision.

- Definition

The entire disclosure for retirement benefits.

+ References

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+ Details

Income Taxes

6 Months Ended

Jul. 03, 2020

Income Tax Disclosure [Abstract]

Income Taxes

INCOME TAXES

The following table summarizes the Company’s effective tax rate:



	Three-Month Period Ended				Six-Month Period Ended
	July 3, 2020		June 28, 2019		July 3, 2020		June 28, 2019
Effective tax rate	24.0	%	17.8	%	21.2	%	34.6	%

The effective tax rate for the three-month period ended July 3, 2020 differs from the U.S. federal statutory rate of 21.0% principally due to a higher tax rate associated with the gain on the divestiture of certain product lines in the Life Sciences segment and changes in estimates associated with prior period uncertain tax positions, partially offset by excess tax benefits from stock-based compensation and other items. These items increased the reported tax rate on a net basis by 4.5%.

The effective tax rate for the six-month period ended July 3, 2020 differs from the U.S. federal statutory rate of 21% principally due to a higher tax rate associated with the gain on the divestiture of certain product lines in the Life Sciences segment and changes in estimates associated with prior period uncertain tax positions, partially offset by excess tax benefits from stock-based compensation, the release of reserves for uncertain tax positions due to the expiration of statutes of limitation and other items. These items increased the reported tax rate on a net basis by 1.7%.

The effective tax rate for the three-month period ended June 28, 2019 differs from the U.S. federal statutory rate of 21% principally due to the impact of earnings outside the United States which are generally taxed at rates lower than the U.S. federal rate. The effective tax rate for the three-month period ended June 28, 2019 also included net discrete benefits of $18 million ($0.02 per diluted common share) from the release of reserves for uncertain tax positions due to the expiration of statutes of limitation, benefits from changes in tax law in a certain foreign jurisdiction and excess tax benefits from stock-based compensation, partially offset by charges from audit settlements. These discrete tax benefits decreased the reported tax rate by 2.2%.

The effective tax rate for the six-month period ended June 28, 2019 differs from the U.S. federal statutory rate of 21.0% principally due to the impact of net discrete charges of $227 million ($0.31 per diluted common share) related primarily to changes in estimates associated with prior period uncertain tax positions and audit settlements, net of the release of reserves for uncertain tax positions due to the expiration of statutes of limitation, release of valuation allowances associated with certain foreign tax credits, tax benefits resulting from changes in tax law and excess tax benefits from stock-based compensation. These net discrete income tax charges increased the reported tax rate by 14.7%.

In the fourth quarter of 2018 and in the first quarter of 2019, the Internal Revenue Service (“IRS”) proposed significant adjustments to the Company’s taxable income for the years 2012 through 2015 with respect to the deferral of tax on certain premium income related to the Company’s self-insurance programs. For income tax purposes, the recognition of premium income has been deferred in accordance with U.S. tax laws related to insurance. The IRS challenged the deferral of premiums for certain types of the Company’s self-insurance policies. These proposed adjustments would increase the Company’s taxable income over the 2012 through 2015 period by approximately $2.7 billion. Management believes the positions the Company has taken in its U.S. tax returns are in accordance with the relevant tax laws and is vigorously defending these positions. Due to the enactment of the Tax Cuts and Jobs Act in 2017 and the resulting reduction in the U.S. corporate tax rate for years after 2017, the Company revalued its deferred tax liabilities related to the temporary differences associated with this deferred premium income from 35.0% to 21.0%. If the Company is not successful in defending these assessments, the taxes owed to the IRS may be computed under the previous 35.0% statutory tax rate and the Company may be required to revalue the related deferred tax liabilities from 21.0% to 35.0%, which in addition to any interest due on the amounts assessed, would require a charge to future earnings. The ultimate resolution of this matter is uncertain, could take years and could result in a material adverse impact to the Company’s financial statements, including its cash flows and effective tax rate.

Tax authorities in Denmark have raised significant issues related to interest accrued by certain of the Company’s subsidiaries. On December 10, 2013, the Company received assessments from the Danish tax authority (“SKAT”) of approximately DKK 1.8 billion including interest (approximately $277 million based on the exchange rate as of July 3, 2020), imposing withholding tax relating to interest accrued in Denmark on borrowings from certain of the Company’s subsidiaries for the years 2004-2009. The Company appealed these assessments to the Danish National Tax Tribunal in 2014. The appeal is pending, awaiting the final outcome of other, preceding withholding tax cases that were appealed to the Danish Courts and subsequently to the Court of Justice of the European Union (“CJEU”). In February 2019, the CJEU decided several of these cases and ruled that the exemption of interest payments from withholding taxes provided in the applicable European Union (“EU”) directive should be denied where taxpayers use the directive for abusive or fraudulent purposes, and that it is up to the national courts to make this determination. This decision of the CJEU now awaits application by the Danish High Court in the other, preceding withholding tax cases. SKAT has maintained a similar position related to withholding tax on interest accrued in Denmark on borrowings from certain of the Company’s subsidiaries with respect to tax years 2010-2012 and 2013-2015. On August 27, 2019 and December 16, 2019, the Company received assessments for these matters of approximately DKK 1.1 billion including interest (approximately $162 million based on the exchange rate as of July 3, 2020) for tax years 2010-2012 and DKK 753 million including interest (approximately $114 million based on the exchange rate as of July 3, 2020) for tax years 2013-2015, respectively. The Company is appealing these assessments as well.

Management believes the positions the Company has taken in Denmark are in accordance with the relevant tax laws and is vigorously defending its positions. The Company intends on pursuing this matter through the Danish High Court should the appeal to the Danish National Tax Tribunal be unsuccessful. The Company will continue to monitor decisions of both the Danish courts and the CJEU and evaluate the impact of these court rulings on the Company’s tax positions in Denmark. The ultimate resolution of this matter is uncertain, could take many years, and could result in a further material adverse impact to the Company’s financial statements, including its cash flow and effective tax rate.

On June 24, 2020, SKAT issued a press release to announce that it has misapplied Denmark’s interest rules in some assessments concerning withholding tax. The Company’s subsidiaries in Denmark have been notified that they may be one of the companies potentially overcharged interest but a determination of the impact on the above assessments has not been received.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References + Details

Other Income (Expense), Net and Gain on Sale of Product Lines	6 Months Ended
	Jul. 03, 2020
Other Income and Expenses [Abstract]
Nonoperating Income (Expense)	OTHER INCOME (EXPENSE), NET AND GAIN ON SALE OF PRODUCT LINES The Company disaggregates the service cost component of net periodic benefit costs of the noncontributory defined benefit pension plans and other postretirement employee benefit plans and presents the other components of net periodic benefit cost in other (expense) income, net. These other components include the assumed rate of return on plan assets, partially offset by amortization of actuarial losses and interest and aggregated to a gain of $5 million and $10 million for the three and six-month periods ended July 3, 2020, respectively, compared to a gain of $5 million and $10 million for the three and six-month periods ended June 28, 2019, respectively. The Company estimates the fair value of investments in equity securities using the Fair Value Alternative and records adjustments to fair value within net earnings. Additionally, the Company is a limited partner in a partnership that invests in early stage companies. While the partnership records these investments at fair value, the Company’s investment in the partnership is accounted for under the equity method of accounting. During the three and six-month periods ended July 3, 2020, the Company recorded a $6 million unrealized loss ($0.01 per diluted common share) and $13 million unrealized loss ($0.02 per diluted common share), respectively, related to a reduction in the fair value of these investments. No significant realized gains or losses were recorded in the three and six-month periods ended June 28, 2019 with respect to these investments. As a condition to obtaining certain regulatory approvals for the closing of the Cytiva Acquisition, the Company was required to divest certain of its existing product lines in the Life Sciences segment that in the aggregate generated revenues of approximately $170 million in 2019. On April 30, 2020, the Company completed the sale of the majority of these product lines for a cash purchase price, net of cash transferred and transaction costs, of $810 million and recognized a pretax gain on sale of $455 million ($305 million after-tax or $0.42 per diluted common share) in the second quarter of 2020. The divestiture of these product lines did not represent a strategic shift with a major effect on the Company’s operations and financial results and therefore is not reported as a discontinued operation.

Commitments And Contingencies

6 Months Ended

Jul. 03, 2020

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

COMMITMENTS AND CONTINGENCIES

The Company reviews the adequacy of its legal reserves on a quarterly basis and establishes reserves for loss contingencies that are both probable and reasonably estimable. For a further description of the Company’s litigation and contingencies, refer to Note 18 of the Company’s financial statements as of and for the year ended December 31, 2019 included in the Company’s 2019 Annual Report.

The Company generally accrues estimated warranty costs at the time of sale. In general, manufactured products are warranted against defects in material and workmanship when properly used for their intended purpose, installed correctly and appropriately maintained. Warranty periods depend on the nature of the product and range from the date of such sale up to ten years. The amount of the accrued warranty liability is determined based on historical information such as past experience, product failure rates or number of units repaired, estimated cost of material and labor and in certain instances estimated property damage. The accrued warranty liability is reviewed on a quarterly basis and may be adjusted as additional information regarding expected warranty costs becomes known.

The following is a rollforward of the Company’s accrued warranty liability ($ in millions):



Balance, December 31, 2019	$	73.3
Accruals for warranties issued during the period	20.3
Settlements made	(17.8		)
Adjustments due to acquisitions/divestitures	1.7
Effect of foreign currency translation	(0.7		)
Balance, July 3, 2020	$	76.8

Stock Transactions And Stock-Based Compensation

6 Months Ended

Jul. 03, 2020

Share-based Payment Arrangement [Abstract]

Stock Transactions And Stock-Based Compensation

STOCK TRANSACTIONS AND STOCK-BASED COMPENSATION

Neither the Company nor any “affiliated purchaser” repurchased any shares of Company common stock during the six-month period ended July 3, 2020. On July 16, 2013, the Company’s Board of Directors approved a repurchase program (the “Repurchase Program”) authorizing the repurchase of up to 20 million shares of the Company’s common stock from time to time on the open market or in privately negotiated transactions. As of July 3, 2020, 20 million shares remained available for repurchase pursuant to the Repurchase Program.

The following table summarizes the Company’s share activity (shares in millions):



	Three-Month Period Ended		Six-Month Period Ended
	July 3, 2020	June 28, 2019	July 3, 2020	June 28, 2019
Preferred stock - shares issued:
Balance, beginning of period	1.7	1.7	1.7	—
Issuance of MCPS	1.7	—	1.7	1.7
Balance, end of period	3.4	1.7	3.4	1.7

Common stock - shares issued:
Balance, beginning of period	837.3	832.5	835.5	817.9
Common stock-based compensation awards	1.0	1.1	2.8	3.1
Common stock issued in connection with LYONs’ conversions	0.3	0.4	0.3	0.9
Issuance of common stock	10.9	—	10.9	12.1
Balance, end of period	849.5	834.0	849.5	834.0

In May 2020, the Company completed the underwritten public offering of 10.9 million shares of Danaher common stock at a price to the public of $163.00 per share (the “2020 Common Stock Offering”), resulting in net proceeds of approximately $1.73 billion, after deducting expenses and the underwriters’ discount of $54 million. Simultaneously, the Company completed the underwritten public offering of 1.72 million shares of its 5.0% Series B Mandatory Convertible Preferred Stock (“MCPS Series B”), without par value and with a liquidation preference of $1,000 per share (the “2020 MCPS Offering”), resulting in net proceeds of approximately $1.67 billion, after deducting expenses and the underwriters’ discount of $49 million. The Company has used and intends to use the net proceeds from the 2020 Common Stock Offering and the 2020 MCPS Offering for general corporate purposes and pending such use has invested the net proceeds in short-term bank deposits and/or interest-bearing, investment-grade securities.

On March 1, 2019, the Company completed the underwritten public offering of 12.1 million shares of Danaher common stock at a price to the public of $123.00 per share (the “2019 Common Stock Offering”), resulting in net proceeds of approximately $1.4 billion, after deducting expenses and the underwriters’ discount of $45 million. Simultaneously, the Company completed the underwritten public offering of 1.65 million shares of its 4.75% MCPS Series A, without par value and with a liquidation preference of $1,000 per share (the “2019 MCPS Offering”), resulting in net proceeds of approximately $1.6 billion, after deducting expenses and the underwriters’ discount of $50 million. The Company used the net proceeds from the 2019 Common Stock Offering and the 2019 MCPS Offering to fund a portion of the cash consideration payable for, and certain costs associated with, the Cytiva Acquisition. Prior to the completion of the Cytiva Acquisition, the Company invested the net proceeds in short-term bank deposits and/or interest-bearing, investment-grade securities.

Unless converted earlier in accordance with the terms of the applicable certificate of designations, each share of MCPS Series A and MCPS Series B (together, the “MCPS Shares”) will mandatorily convert on their respective Mandatory Conversion Date, set forth below, into a number of shares of the Company’s common stock between the applicable Minimum Conversion Rate and the applicable Maximum Conversion Rate, set forth below, subject to further anti-dilution adjustments. The number of shares of the Company’s common stock issuable upon conversion will be determined based on the average volume-weighted average price per share of the Company’s common stock over the 20 consecutive trading day period beginning on, and including, the 21st scheduled trading day immediately before the applicable Mandatory Conversion Date. Subject to certain exceptions, at any time prior to the Mandatory Conversion Date, holders may elect to convert the MCPS Shares into common stock based on the applicable Minimum Conversion Rate, subject to further anti-dilution adjustments. In the event of a fundamental change, the MCPS Shares will convert at the fundamental change rates specified in the applicable certificate of designations, and the holders of MCPS Shares would be entitled to a fundamental change make-whole dividend.

Holders of MCPS Shares will be entitled to receive, when and if declared by the Company’s Board of Directors, cumulative dividends at the applicable Annual Cumulative Dividend Rate of the Liquidation Preference per share, payable in cash or, subject to certain limitations, by delivery of shares of the Company’s common stock or any combination of cash and shares of the Company’s common stock, at the Company’s election. If declared, dividends on the MCPS Shares are payable quarterly on January 15, April 15, July 15 and October 15 of each year (to, and including, the Mandatory Conversion Date), to the holders of record of the MCPS Shares as they appear on the Company’s stock register at the close of business on the immediately preceding December 31, March 31, June 30 and September 30, respectively.

The following summarizes the key terms of the MCPS Shares:

Annual Cumulative Dividend Rate

Liquidation Preference per share

Minimum Conversion Rate

Maximum Conversion Rate

Mandatory Conversion Date

Series A

4.75

1,000

6.6549 shares

8.1522 shares

April 15, 2022

Series B

5.00

1,000

5.0081 shares

6.1349 shares

April 15, 2023

For a full description of the Company’s stock-based compensation programs, refer to Note 19 of the Company’s financial statements as of and for the year ended December 31, 2019 included in the Company’s 2019 Annual Report. As of July 3, 2020, approximately 54 million shares of the Company’s common stock were reserved for issuance under the 2007 Omnibus Incentive Plan.

The following summarizes the components of the Company’s stock-based compensation expense ($ in millions):



	Three-Month Period Ended						Six-Month Period Ended
	July 3, 2020			June 28, 2019			July 3, 2020			June 28, 2019
Restricted stock units (“RSUs”)/performance stock units (“PSUs”):
Pretax compensation expense	$	28.0		$	24.9		$	55.6		$	46.6
Income tax benefit	(5.6		)	(5.1		)	(11.3		)	(9.6		)
RSU/PSU expense, net of income taxes	22.4			19.8			44.3			37.0
Stock options:
Pretax compensation expense	18.6			16.5			36.2			29.9
Income tax benefit	(3.8		)	(3.3		)	(7.4		)	(6.1		)
Stock option expense, net of income taxes	14.8			13.2			28.8			23.8
Total stock-based compensation:
Pretax compensation expense	46.6			41.4			91.8			76.5
Income tax benefit	(9.4		)	(8.4		)	(18.7		)	(15.7		)
Total stock-based compensation expense, net of income taxes	$	37.2		$	33.0		$	73.1		$	60.8

Stock-based compensation has been recognized as a component of selling, general and administrative expenses in the accompanying Consolidated Condensed Statements of Earnings. As of July 3, 2020, $222 million of total unrecognized compensation cost related to RSUs/PSUs is expected to be recognized over a weighted average period of approximately two years. As of July 3, 2020, $199 million of total unrecognized compensation cost related to stock options is expected to be recognized over a weighted average period of approximately three years. Future compensation amounts will be adjusted for any changes in estimated forfeitures.

Net Earnings Per Common Share From Continuing Operations

6 Months Ended

Jul. 03, 2020

Earnings Per Share [Abstract]

Net Earnings Per Common Share From Continuing Operations

NET EARNINGS PER COMMON SHARE FROM CONTINUING OPERATIONS

Basic net earnings per common share (“EPS”) from continuing operations is calculated by taking net earnings from continuing operations less the MCPS dividends divided by the weighted average number of common shares outstanding for the applicable period. Diluted net EPS from continuing operations is computed by taking net earnings from continuing operations plus the interest on the Company’s LYONs less the MCPS dividends divided by the weighted average number of common shares outstanding increased by the number of additional shares that would have been outstanding had the potentially dilutive common shares been issued and reduced by the number of shares the Company could have repurchased with the proceeds from the issuance of the potentially dilutive shares. For the three-month period ended July 3, 2020, no options to purchase shares were excluded from the diluted EPS calculation. For the six-month period ended July 3, 2020, approximately 1 million options to purchase shares were not included in the diluted EPS calculation as the impact of their inclusion would have been anti-dilutive. For the three and the six-month periods ended June 28, 2019, no options to purchase shares were excluded from the diluted EPS calculation. Basic and diluted EPS are computed independently for each quarter and year-to-date period, which involves the use of different weighted-average share count figures relating to quarterly and annual periods. As a result, and after factoring the effect of rounding to the nearest cent per share, the sum of prior quarter-to-date EPS figures may not equal year-to-date EPS.

The impact of the MCPS Shares calculated under the if-converted method was anti-dilutive, and as such 17 million shares and

15 million shares for the three and six-month periods ended July 3, 2020, respectively, and 12 million shares and 8 million shares for the three and six-month periods ended June 28, 2019, respectively, underlying the MCPS Shares were excluded from the diluted EPS calculation.

Information related to the calculation of net earnings from continuing operations per common share is summarized as follows ($ and shares in millions, except per share amounts):



	Three-Month Period Ended						Six-Month Period Ended
	July 3, 2020			June 28, 2019			July 3, 2020			June 28, 2019
Numerator:
Net earnings from continuing operations	$	927.3		$	676.4		$	1,522.4		$	1,008.7
MCPS dividends	(34.6		)	(22.7		)	(54.2		)	(29.2		)
Net earnings from continuing operations attributable to common stockholders for Basic EPS	892.7			653.7			1,468.2			979.5
Adjustment for interest on convertible debentures	0.3			0.5			0.6			1.0
Net earnings from continuing operations attributable to common stockholders after assumed conversions for Diluted EPS	$	893.0		$	654.2		$	1,468.8		$	980.5

Denominator:
Weighted average common shares outstanding used in Basic EPS	705.1			717.6			701.1			712.6
Incremental common shares from:
Assumed exercise of dilutive options and vesting of dilutive RSUs and PSUs	12.0			8.8			10.8			8.8
Assumed conversion of the convertible debentures	1.1			1.5			1.2			1.8
Weighted average common shares outstanding used in Diluted EPS	718.2			727.9			713.1			723.2

Basic EPS from continuing operations	$	1.27		$	0.91		$	2.09		$	1.37
Diluted EPS from continuing operations	$	1.24		$	0.90		$	2.06		$	1.36

Segment Information

6 Months Ended

Jul. 03, 2020

Segment Reporting [Abstract]

Segment Information

SEGMENT INFORMATION

The Company operates and reports its results in three separate business segments consisting of the Life Sciences, Diagnostics, and Environmental & Applied Solutions segments. When determining the reportable segments, the Company aggregated operating segments based on their similar economic and operating characteristics. Operating profit represents total revenues less operating expenses, excluding nonoperating income and expense, interest and income taxes. Operating profit amounts in the Other segment consist of unallocated corporate costs and other costs not considered part of management’s evaluation of reportable segment operating performance. Intersegment amounts are not significant and are eliminated to arrive at consolidated totals.

Segment results are shown below ($ in millions):



	Three-Month Period Ended						Six-Month Period Ended
	July 3, 2020			June 28, 2019			July 3, 2020			June 28, 2019
Sales:
Life Sciences	$	2,642.4		$	1,712.6		$	4,292.8		$	3,339.5
Diagnostics	1,660.2			1,618.3			3,287.2			3,155.1
Environmental & Applied Solutions	994.8			1,113.6			2,060.5			2,170.1
Total	$	5,297.4		$	4,444.5		$	9,640.5		$	8,664.7

Operating profit:
Life Sciences	$	412.4		$	344.0		$	738.0		$	653.0
Diagnostics	293.2			282.9			544.4			516.0
Environmental & Applied Solutions	222.0			260.2			461.9			504.8
Other	(83.0		)	(75.4		)	(202.2		)	(142.4		)
Total	$	844.6		$	811.7		$	1,542.1		$	1,531.4

Segment identifiable assets are shown below ($ in millions):



	July 3, 2020		December 31, 2019
Life Sciences	$	46,017.5	$	22,381.3
Diagnostics	14,587.0		14,442.2
Environmental & Applied Solutions	4,791.4		4,881.8
Other	5,872.5		20,376.3
Total	$	71,268.4	$	62,081.6

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
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-Topic 280
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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+ Details

General (Policies)	6 Months Ended
General (Policies)	Jul. 03, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
New accounting standards	Accounting Standards Recently Adopted—In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2018-13, Fair Value Measurement (Topic 820), which modifies the disclosures on fair value measurements by removing the requirement to disclose the amount and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy and the policy for timing of such transfers. The ASU expands the disclosure requirements for Level 3 fair value measurements, primarily focused on changes in unrealized gains and losses included in other comprehensive income (loss). The ASU is effective for public entities for fiscal years beginning after December 15, 2019, with early adoption permitted. On January 1, 2020, the Company adopted the ASU and the ASU did not have a significant impact on the Company’s Consolidated Condensed Financial Statements. Refer to Note 6 for the Company’s fair value measurement disclosures. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which amends the impairment model by requiring entities to use a forward-looking approach based on expected losses rather than incurred losses to estimate credit losses on certain types of financial instruments, including trade receivables. This may result in the earlier recognition of allowances for losses. The ASU is effective for public entities for fiscal years beginning after December 15, 2019, with early adoption permitted. In November 2018, the FASB issued ASU No. 2018-19, Codification Improvements to Topic 326, Financial Instruments—Credit Losses, which provided additional implementation guidance on the previously issued ASU. On January 1, 2020, the Company adopted the ASU using the modified retrospective transition method. The Company recorded a net decrease to beginning retained earnings of $8 million as of January 1, 2020 due to the cumulative impact of adopting Topic 326. The impact to retained earnings was primarily the result of an increase in the Company’s allowance for doubtful accounts as a result of Topic 326’s requirement to use a forward-looking approach based on expected losses rather than incurred losses to estimate credit losses on certain types of financial instruments, including trade receivables. As a result of the adoption of the ASU, the Company’s allowance for doubtful accounts as of July 3, 2020 reflects the Company’s best estimate of the expected future losses for its accounts receivables based on the current economic conditions; however, as a result of the uncertainty caused by the coronavirus (COVID-19) pandemic and other factors, these estimates may change and future actual losses may differ from the Company’s estimates. The Company will continue to monitor economic conditions and will revise the estimates of the expected future losses for accounts receivable as necessary. Accounting Standards Not Yet Adopted—In August 2018, the FASB issued ASU No. 2018-14, Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans, which amends ASC 715, Compensation—Retirement Benefits, to add, remove and clarify disclosure requirements related to defined benefit pension and other postretirement plans. The ASU is effective for public entities for fiscal years beginning after December 15, 2020, with early adoption permitted. Management has not yet completed its assessment of the impact of the new standard on the Company’s financial statements.
Operating leases	Operating Leases—As of July 3, 2020 and December 31, 2019, operating lease right-of-use assets where the Company was the lessee were $870 million and $764 million, respectively, and are included within other long-term assets in the accompanying Consolidated Condensed Balance Sheets. The associated operating lease liabilities were $894 million and $797 million as of July 3, 2020 and December 31, 2019, respectively, and are included in accrued expenses and other liabilities and other long-term liabilities.

General (Tables)

6 Months Ended

Jul. 03, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Components Of Accumulated Other Comprehensive Income (Loss)

The changes in accumulated other comprehensive income (loss) by component are summarized below ($ in millions). Foreign currency translation adjustments generally relate to indefinite investments in non-U.S. subsidiaries, as well as the impact from the Company’s hedges of its net investment in foreign operations, including the Company’s cross-currency swap derivatives, net of any income tax impacts.



	Foreign Currency Translation Adjustments			Pension & Postretirement Plan Benefit Adjustments				Unrealized Gain (Loss) on Available-For-Sale Securities Adjustments			Cash Flow Hedge Adjustments				Total
For the Three-Month Period Ended July 3, 2020:
Balance, April 3, 2020	$	(2,327.2	)	$	(773.3	)		$	(0.1	)	$	309.3			$	(2,791.3	)
Other comprehensive income (loss) before reclassifications:
Increase (decrease)	1,070.6			—				0.5			(354.3		)		716.8
Income tax impact	6.1			—				(0.1		)	74.4				80.4
Other comprehensive income (loss) before reclassifications, net of income taxes	1,076.7			—				0.4			(279.9		)		797.2
Amounts reclassified from accumulated other comprehensive income (loss):
Increase	—			10.4			(a)	—			155.8			(b)	166.2
Income tax impact	—			(2.5		)		—			(32.7		)		(35.2		)
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes	—			7.9				—			123.1				131.0
Net current period other comprehensive income (loss), net of income taxes	1,076.7			7.9				0.4			(156.8		)		928.2
Balance, July 3, 2020	$	(1,250.5	)	$	(765.4	)		$	0.3		$	152.5			$	(1,863.1	)

For the Three-Month Period Ended June 28, 2019:
Balance, March 29, 2019	$	(2,108.9	)	$	(685.7	)		$	(1.5	)	$	—			$	(2,796.1	)
Other comprehensive income (loss) before reclassifications:
(Decrease) increase	(51.9		)	—				0.7			(8.9		)		(60.1		)
Income tax impact	5.4			—				(0.2		)	2.1				7.3
Other comprehensive income (loss) before reclassifications, net of income taxes	(46.5		)	—				0.5			(6.8		)		(52.8		)
Amounts reclassified from accumulated other comprehensive income (loss):
Increase	—			6.1			(a)	—			—				6.1
Income tax impact	—			(1.5		)		—			—				(1.5		)
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes	—			4.6				—			—				4.6
Net current period other comprehensive income (loss), net of income taxes	(46.5		)	4.6				0.5			(6.8		)		(48.2		)
Balance, June 28, 2019	$	(2,155.4	)	$	(681.1	)		$	(1.0	)	$	(6.8	)		$	(2,844.3	)

^(a) This accumulated other comprehensive income (loss) component is included in the computation of net periodic pension cost. Refer to Notes 9 and 11 for additional details.

^(b) Reflects reclassification to earnings related to hedges of certain long-term debt (refer to Note 8 for additional details).



	Foreign Currency Translation Adjustments			Pension & Postretirement Plan Benefit Adjustments				Unrealized Gain (Loss) on Available-For-Sale Securities Adjustments			Cash Flow Hedge Adjustments				Total
For the Six-Month Period Ended July 3, 2020:
Balance, December 31, 2019	$	(2,173.3	)	$	(781.5	)		$	(0.7	)	$	(112.8	)		$	(3,068.3	)
Other comprehensive income (loss) before reclassifications:
Increase	939.1			—				1.2			296.5				1,236.8
Income tax impact	(16.3		)	—				(0.2		)	(44.5		)		(61.0		)
Other comprehensive income (loss) before reclassifications, net of income taxes	922.8			—				1.0			252.0				1,175.8
Amounts reclassified from accumulated other comprehensive income (loss):
Increase	—			21.2			(a)	—			17.0			(b)	38.2
Income tax impact	—			(5.1		)		—			(3.7		)		(8.8		)
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes	—			16.1				—			13.3				29.4
Net current period other comprehensive income (loss), net of income taxes	922.8			16.1				1.0			265.3				1,205.2
Balance, July 3, 2020	$	(1,250.5	)	$	(765.4	)		$	0.3		$	152.5			$	(1,863.1	)

For the Six-Month Period Ended June 28, 2019:
Balance, December 31, 2018	$	(2,098.1	)	$	(691.1	)		$	(1.9	)	$	—			$	(2,791.1	)
Other comprehensive income (loss) before reclassifications:
(Decrease) increase	(59.2		)	—				1.2			(8.9		)		(66.9		)
Income tax impact	1.9			—				(0.3		)	2.1				3.7
Other comprehensive income (loss) before reclassifications, net of income taxes	(57.3		)	—				0.9			(6.8		)		(63.2		)
Amounts reclassified from accumulated other comprehensive income (loss):
Increase	—			13.2			(a)	—			—				13.2
Income tax impact	—			(3.2		)		—			—				(3.2		)
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes	—			10.0				—			—				10.0
Net current period other comprehensive income (loss), net of income taxes	(57.3		)	10.0				0.9			(6.8		)		(53.2		)
Balance, June 28, 2019	$	(2,155.4	)	$	(681.1	)		$	(1.0	)	$	(6.8	)		$	(2,844.3	)

^(a) This accumulated other comprehensive income (loss) component is included in the computation of net periodic pension cost. Refer to Note 9 and 11 for additional details.

^(b) Reflects reclassification to earnings related to hedges of certain long-term debt (refer to Note 8 for additional details).

Revenue (Tables)

6 Months Ended

Jul. 03, 2020

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue



	Life Sciences		Diagnostics		Environmental & Applied Solutions		Total
For the Three-Month Period Ended July 3, 2020:
Geographical region:
North America	$	999.8	$	691.0	$	452.2	$	2,143.0
Western Europe	711.6		315.3		219.3		1,246.2
Other developed markets	178.2		95.6		28.9		302.7
High-growth markets ^(a)	752.8		558.3		294.4		1,605.5
Total	$	2,642.4	$	1,660.2	$	994.8	$	5,297.4

Revenue type:
Recurring	$	1,900.1	$	1,335.5	$	579.8	$	3,815.4
Nonrecurring	742.3		324.7		415.0		1,482.0
Total	$	2,642.4	$	1,660.2	$	994.8	$	5,297.4

For the Three-Month Period Ended June 28, 2019:
Geographical region:
North America	$	653.6	$	601.0	$	488.3	$	1,742.9
Western Europe	459.3		281.7		261.6		1,002.6
Other developed markets	137.6		95.2		31.3		264.1
High-growth markets ^(a)	462.1		640.4		332.4		1,434.9
Total	$	1,712.6	$	1,618.3	$	1,113.6	$	4,444.5

Revenue type:
Recurring	$	1,111.9	$	1,380.6	$	592.8	$	3,085.3
Nonrecurring	600.7		237.7		520.8		1,359.2
Total	$	1,712.6	$	1,618.3	$	1,113.6	$	4,444.5



	Life Sciences		Diagnostics		Environmental & Applied Solutions		Total
For the Six-Month Period Ended July 3, 2020:
Geographical region:
North America	$	1,620.5	$	1,445.7	$	949.1	$	4,015.3
Western Europe	1,183.2		625.1		475.3		2,283.6
Other developed markets	331.0		194.3		59.2		584.5
High-growth markets ^(a)	1,158.1		1,022.1		576.9		2,757.1
Total	$	4,292.8	$	3,287.2	$	2,060.5	$	9,640.5

Revenue type:
Recurring	$	3,059.5	$	2,763.4	$	1,199.4	$	7,022.3
Nonrecurring	1,233.3		523.8		861.1		2,618.2
Total	$	4,292.8	$	3,287.2	$	2,060.5	$	9,640.5

For the Six-Month Period Ended June 28, 2019:
Geographical region:
North America	$	1,240.9	$	1,233.4	$	937.5	$	3,411.8
Western Europe	919.6		570.6		521.3		2,011.5
Other developed markets	286.9		187.2		60.2		534.3
High-growth markets ^(a)	892.1		1,163.9		651.1		2,707.1
Total	$	3,339.5	$	3,155.1	$	2,170.1	$	8,664.7

Revenue type:
Recurring	$	2,180.1	$	2,704.7	$	1,175.0	$	6,059.8
Nonrecurring	1,159.4		450.4		995.1		2,604.9
Total	$	3,339.5	$	3,155.1	$	2,170.1	$	8,664.7

Acquisitions (Tables)

6 Months Ended

Jul. 03, 2020

Business Combinations [Abstract]

Fair Values Of The Assets Acquired And Liabilities Assumed

The following summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition for the Cytiva Acquisition ($ in millions):



Trade accounts receivable	$	483.0
Inventories	939.2
Property, plant and equipment	695.7
Goodwill	10,179.5
Other intangible assets, primarily technology and customer relationships	10,645.5
Trade accounts payable	(249.9		)
Pension liabilities	(422.8		)
Deferred tax liabilities	(1,200.6		)
Other assets and liabilities, net	(334.0		)
Net cash consideration	$	20,735.6

Results Of Operations If Acquisition Was Consummated

The pro forma information is presented for informational purposes only and is not necessarily indicative of the results of operations that actually would have been achieved had the acquisitions been consummated as of that time ($ in millions, except per share amounts):



	Three-Month Period Ended				Six-Month Period Ended
	July 3, 2020		June 28, 2019		July 3, 2020		June 28, 2019
Sales	$	5,323.7	$	5,214.3	$	10,442.9	$	10,132.0
Net earnings from continuing operations	796.6		644.5		1,512.7		866.4
Diluted net earnings per common share from continuing operations ^(a)	1.06		0.85		2.05		1.14

Discontinued Operations (Tables)

6 Months Ended

Jul. 03, 2020

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations [Table Text Block]

The key components of income from discontinued operations for the three and six-month periods ended June 28, 2019 were as follows ($ in millions):



	Three-Month Period Ended			Six-Month Period Ended
Sales	$	712.1		$	1,371.8
Cost of sales	(318.5		)	(615.1		)
Selling, general and administrative expenses	(281.8		)	(597.5		)
Research and development expenses	(39.7		)	(83.0		)
Other income	1.3			1.4
Interest expense	(0.9		)	(3.7		)
Earnings from discontinued operations before income taxes	72.5			73.9
Income taxes	(17.6		)	(17.5		)
Earnings from discontinued operations, net of income taxes	$	54.9		$	56.4

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

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+ Details

Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jul. 03, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Rollforward Of Goodwill

The following is a rollforward of the Company’s goodwill ($ in millions):



Balance, December 31, 2019	$	22,712.5
Attributable to 2020 acquisitions	10,179.5
Attributable to 2020 divestitures	(180.5		)
Adjustments due to finalization of purchase price allocations	(2.3		)
Foreign currency translation and other	517.9
Balance, July 3, 2020	$	33,227.1

The carrying value of goodwill by segment is summarized as follows ($ in millions):



	July 3, 2020		December 31, 2019
Life Sciences	$	24,033.5	$	13,471.8
Diagnostics	6,869.7		6,901.2
Environmental & Applied Solutions	2,323.9		2,339.5
Total	$	33,227.1	$	22,712.5

Schedule of Acquired Finite-Lived Intangible Assets And Indefinite-Lived Intangible Assets By Major Class [Table Text Block]

The following summarizes the gross carrying value and accumulated amortization for each major category of intangible assets ($ in millions):



	July 3, 2020					December 31, 2019
	Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
Finite-lived intangibles:
Patents and technology	$	11,373.8	$	(1,136.8	)	$	2,712.7	$	(934.1	)
Customer relationships, trade names and other intangibles	8,749.1		(2,811.1		)	6,367.4		(2,612.3		)
Total finite-lived intangibles	20,122.9		(3,947.9		)	9,080.1		(3,546.4		)
Indefinite-lived intangibles:
Trademarks and trade names	4,269.5		—			4,216.0		—
Total intangibles	$	24,392.4	$	(3,947.9	)	$	13,296.1	$	(3,546.4	)

Fair Value Measurements (Tables)

6 Months Ended

Jul. 03, 2020

Fair Value Disclosures [Abstract]

Financial Assets And Liabilities Carried At Fair Value

A summary of financial assets and liabilities that are measured at fair value on a recurring basis were as follows ($ in millions):



	Balance, July 3, 2020		Quoted Prices in Active Market (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Available-for-sale debt securities	$	31.3	$	—	$	31.3	$	—
Investment in equity securities	198.5		16.6		—		—
Cross-currency swap derivative contracts	278.2		—		278.2		—
Liabilities:
Deferred compensation plans	89.3		—		89.3		—

	December 31, 2019		Quoted Prices in Active Market (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Available-for-sale debt securities	$	33.7	$	—	$	33.7	$	—
Investment in equity securities	110.8		—		—		—
Cross-currency swap derivative contracts	25.7		—		25.7		—
Liabilities:
Cross-currency swap derivative contracts	111.7		—		111.7		—
Deferred compensation plans	70.4		—		70.4		—

Carrying Amounts And Fair Values Of Financial Instruments

The carrying amounts and fair values of the Company’s financial instruments were as follows ($ in millions):



	July 3, 2020				December 31, 2019
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Assets:
Available-for-sale debt securities	$	31.3	$	31.3	$	33.7	$	33.7
Investment in equity securities	198.5		198.5		110.8		110.8
Cross-currency swap derivative contracts	278.2		278.2		25.7		25.7
Liabilities:
Cross-currency swap derivative contracts	—		—		111.7		111.7
Notes payable and current portion of long-term debt	17.2		17.2		212.4		212.4
Long-term debt	22,370.0		23,189.5		21,516.7		21,896.9

Financing (Tables)

6 Months Ended

Jul. 03, 2020

Debt Disclosure [Abstract]

Components Of Debt

The following summarizes the key terms of the offerings in aggregate (€ in millions):



	Issue Date	Aggregate Principal Amount		Stated Annual Interest Rate		Issue Price (as % of Principal Amount)		Maturity Date	Interest Payment Dates (in arrears)
2024 Euronotes	March 30, 2020	€	750.0	1.700	%	99.931	%	March 30, 2024	March 30
2024 Euronotes	April 8, 2020	€	150.0	1.700	%	100.298	%	March 30, 2024	March 30
2026 Euronotes	March 30, 2020	€	500.0	2.100	%	99.717	%	September 30, 2026	September 30
2026 Euronotes	April 8, 2020	€	300.0	2.100	%	100.842	%	September 30, 2026	September 30
2030 Euronotes	March 30, 2020	€	500.0	2.500	%	99.642	%	March 30, 2030	March 30
2030 Euronotes	April 8, 2020	€	300.0	2.500	%	102.166	%	March 30, 2030	March 30

The components of the Company’s debt were as follows ($ in millions):



	July 3, 2020		December 31, 2019
Euro-denominated commercial paper (€1.5 billion and €4.6 billion, respectively)	$	1,680.4	$	5,146.2
U.S. dollar-denominated commercial paper	67.1		—
Zero-coupon LYONs due 2021	26.2		33.6
0.352% senior unsecured notes due 2021 (¥30.0 billion aggregate principal amount) (the “2021 Yen Notes”)	278.9		275.8
1.7% senior unsecured notes due 2022 (€800.0 million aggregate principal amount) (the “2022 Euronotes”)	897.7		894.8
Floating rate senior unsecured notes due 2022 (€250.0 million aggregate principal amount) (the “Floating Rate 2022 Euronotes”)	280.7		279.8
2.05% senior notes due 2022 (the “2022 Biopharma Notes”)	697.5		696.9
0.5% senior unsecured bonds due 2023 (CHF 540.0 million aggregate principal amount) (the “2023 CHF Bonds”)	572.2		558.9
1.7% senior notes due 2024 (€900.0 million aggregate principal amount) (the “2024 Euronotes”)	1,006.6		—
5-year revolving credit facility	1,247.8		—
2.2% senior unsecured notes due 2024 (the “2024 Biopharma Notes”)	696.4		696.2
2.5% senior unsecured notes due 2025 (€800.0 million aggregate principal amount) (the “2025 Euronotes”)	896.3		893.7
3.35% senior unsecured notes due 2025 (the “2025 U.S. Notes”)	497.5		497.3
0.2% senior unsecured notes due 2026 (€1.3 billion aggregate principal amount) (the “2026 Biopharma Euronotes”)	1,396.5		1,392.3
2.1% senior notes due 2026 (€800.0 million aggregate principal amount) (the “2026 Euronotes”)	895.1		—
0.3% senior unsecured notes due 2027 (¥30.8 billion aggregate principal amount) (the “2027 Yen Notes”)	285.6		282.5
1.2% senior unsecured notes due 2027 (€600.0 million aggregate principal amount) (the “2027 Euronotes”)	670.1		668.0
0.45% senior unsecured notes due 2028 (€1.3 billion aggregate principal amount) (the “2028 Biopharma Euronotes”)	1,394.6		1,390.1
1.125% senior unsecured bonds due 2028 (CHF 210.0 million aggregate principal amount) (the “2028 CHF Bonds”)	226.1		221.0
2.6% senior unsecured notes due 2029 (the “2029 Biopharma Notes”)	794.5		794.8
2.5% senior notes due 2030 (€800.0 million aggregate principal amount) (the “2030 Euronotes”)	898.7		—
0.75% senior unsecured notes due 2031 (€1.8 billion aggregate principal amount) (the “2031 Biopharma Euronotes”)	1,954.6		1,948.7
0.65% senior unsecured notes due 2032 (¥53.2 billion aggregate principal amount) (the “2032 Yen Notes”)	493.2		487.8
1.35% senior unsecured notes due 2039 (€1.3 billion aggregate principal amount) (the “2039 Biopharma Euronotes”)	1,387.8		1,383.6
3.25% senior unsecured notes due 2029 (the “2039 Biopharma Notes”)	889.0		890.3
4.375% senior unsecured notes due 2045 (the “2045 U.S. Notes”)	499.4		499.4
1.8% senior unsecured notes due 2049 (€750.0 million aggregate principal amount) (the “2049 Biopharma Euronotes”)	833.3		830.9
3.4% senior unsecured notes due 2049 (the “2049 Biopharma Notes”)	888.5		890.2
Other	34.9		76.3
Total debt	22,387.2		21,729.1
Less: currently payable	17.2		212.4
Long-term debt	$	22,370.0	$	21,516.7

Key Terms of Euronotes Offering

The following summarizes the key terms of the offerings in aggregate (€ in millions):



	Issue Date	Aggregate Principal Amount		Stated Annual Interest Rate		Issue Price (as % of Principal Amount)		Maturity Date	Interest Payment Dates (in arrears)
2024 Euronotes	March 30, 2020	€	750.0	1.700	%	99.931	%	March 30, 2024	March 30
2024 Euronotes	April 8, 2020	€	150.0	1.700	%	100.298	%	March 30, 2024	March 30
2026 Euronotes	March 30, 2020	€	500.0	2.100	%	99.717	%	September 30, 2026	September 30
2026 Euronotes	April 8, 2020	€	300.0	2.100	%	100.842	%	September 30, 2026	September 30
2030 Euronotes	March 30, 2020	€	500.0	2.500	%	99.642	%	March 30, 2030	March 30
2030 Euronotes	April 8, 2020	€	300.0	2.500	%	102.166	%	March 30, 2030	March 30

The components of the Company’s debt were as follows ($ in millions):



	July 3, 2020		December 31, 2019
Euro-denominated commercial paper (€1.5 billion and €4.6 billion, respectively)	$	1,680.4	$	5,146.2
U.S. dollar-denominated commercial paper	67.1		—
Zero-coupon LYONs due 2021	26.2		33.6
0.352% senior unsecured notes due 2021 (¥30.0 billion aggregate principal amount) (the “2021 Yen Notes”)	278.9		275.8
1.7% senior unsecured notes due 2022 (€800.0 million aggregate principal amount) (the “2022 Euronotes”)	897.7		894.8
Floating rate senior unsecured notes due 2022 (€250.0 million aggregate principal amount) (the “Floating Rate 2022 Euronotes”)	280.7		279.8
2.05% senior notes due 2022 (the “2022 Biopharma Notes”)	697.5		696.9
0.5% senior unsecured bonds due 2023 (CHF 540.0 million aggregate principal amount) (the “2023 CHF Bonds”)	572.2		558.9
1.7% senior notes due 2024 (€900.0 million aggregate principal amount) (the “2024 Euronotes”)	1,006.6		—
5-year revolving credit facility	1,247.8		—
2.2% senior unsecured notes due 2024 (the “2024 Biopharma Notes”)	696.4		696.2
2.5% senior unsecured notes due 2025 (€800.0 million aggregate principal amount) (the “2025 Euronotes”)	896.3		893.7
3.35% senior unsecured notes due 2025 (the “2025 U.S. Notes”)	497.5		497.3
0.2% senior unsecured notes due 2026 (€1.3 billion aggregate principal amount) (the “2026 Biopharma Euronotes”)	1,396.5		1,392.3
2.1% senior notes due 2026 (€800.0 million aggregate principal amount) (the “2026 Euronotes”)	895.1		—
0.3% senior unsecured notes due 2027 (¥30.8 billion aggregate principal amount) (the “2027 Yen Notes”)	285.6		282.5
1.2% senior unsecured notes due 2027 (€600.0 million aggregate principal amount) (the “2027 Euronotes”)	670.1		668.0
0.45% senior unsecured notes due 2028 (€1.3 billion aggregate principal amount) (the “2028 Biopharma Euronotes”)	1,394.6		1,390.1
1.125% senior unsecured bonds due 2028 (CHF 210.0 million aggregate principal amount) (the “2028 CHF Bonds”)	226.1		221.0
2.6% senior unsecured notes due 2029 (the “2029 Biopharma Notes”)	794.5		794.8
2.5% senior notes due 2030 (€800.0 million aggregate principal amount) (the “2030 Euronotes”)	898.7		—
0.75% senior unsecured notes due 2031 (€1.8 billion aggregate principal amount) (the “2031 Biopharma Euronotes”)	1,954.6		1,948.7
0.65% senior unsecured notes due 2032 (¥53.2 billion aggregate principal amount) (the “2032 Yen Notes”)	493.2		487.8
1.35% senior unsecured notes due 2039 (€1.3 billion aggregate principal amount) (the “2039 Biopharma Euronotes”)	1,387.8		1,383.6
3.25% senior unsecured notes due 2029 (the “2039 Biopharma Notes”)	889.0		890.3
4.375% senior unsecured notes due 2045 (the “2045 U.S. Notes”)	499.4		499.4
1.8% senior unsecured notes due 2049 (€750.0 million aggregate principal amount) (the “2049 Biopharma Euronotes”)	833.3		830.9
3.4% senior unsecured notes due 2049 (the “2049 Biopharma Notes”)	888.5		890.2
Other	34.9		76.3
Total debt	22,387.2		21,729.1
Less: currently payable	17.2		212.4
Long-term debt	$	22,370.0	$	21,516.7

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details

Hedging Transactions And Derivative Financial Instruments (Tables)

6 Months Ended

Jul. 03, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments, Gain (Loss) [Table Text Block]



	Original Notional Amount		Notional Amount Outstanding		Gain (Loss) Recognized in OCI
For the Three-Month Period Ended July 3, 2020:
Net investment hedges:
Foreign currency contracts	$	1,875.0	$	1,000.0	$	(25.6	)
Foreign currency denominated debt	5,211.3		5,211.3		(189.3		)
Cash flow hedges:
Foreign currency contracts	4,000.0		4,000.0		(354.3		)
Total	$	11,086.3	$	10,211.3	$	(569.2	)

For the Three-Month Period Ended June 28, 2019:
Net investment hedges:
Foreign currency contracts:	$	1,875.0	$	1,000.0	$	(19.5	)
Foreign currency denominated debt	8,329.2		8,329.2		(129.5		)
Cash flow hedges:
Interest rate swaps	850.0		850.0		(8.9		)
Total	$	11,054.2	$	10,179.2	$	(157.9	)

For the Six-Month Period Ended July 3, 2020:
Net investment hedges:
Foreign currency contracts:	$	1,875.0	$	1,000.0	$	67.7
Foreign currency denominated debt	5,211.3		5,211.3		(33.1		)
Cash flow hedges:
Foreign currency contracts	4,000.0		4,000.0		296.5
Total	$	11,086.3	$	10,211.3	$	331.1

For the Six-Month Period Ended June 28, 2019:
Net investment hedges:
Foreign currency contracts	$	1,875.0	$	1,000.0	$	(4.7	)
Foreign currency denominated debt	8,329.2		8,329.2		8.3
Cash flow hedges:
Interest rate swaps	850.0		850.0		(8.9		)
Total	$	11,054.2	$	10,179.2	$	(5.3	)

Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]



	Original Notional Amount		Notional Amount Outstanding		Gain (Loss) Recognized in OCI
For the Three-Month Period Ended July 3, 2020:
Net investment hedges:
Foreign currency contracts	$	1,875.0	$	1,000.0	$	(25.6	)
Foreign currency denominated debt	5,211.3		5,211.3		(189.3		)
Cash flow hedges:
Foreign currency contracts	4,000.0		4,000.0		(354.3		)
Total	$	11,086.3	$	10,211.3	$	(569.2	)

For the Three-Month Period Ended June 28, 2019:
Net investment hedges:
Foreign currency contracts:	$	1,875.0	$	1,000.0	$	(19.5	)
Foreign currency denominated debt	8,329.2		8,329.2		(129.5		)
Cash flow hedges:
Interest rate swaps	850.0		850.0		(8.9		)
Total	$	11,054.2	$	10,179.2	$	(157.9	)

For the Six-Month Period Ended July 3, 2020:
Net investment hedges:
Foreign currency contracts:	$	1,875.0	$	1,000.0	$	67.7
Foreign currency denominated debt	5,211.3		5,211.3		(33.1		)
Cash flow hedges:
Foreign currency contracts	4,000.0		4,000.0		296.5
Total	$	11,086.3	$	10,211.3	$	331.1

For the Six-Month Period Ended June 28, 2019:
Net investment hedges:
Foreign currency contracts	$	1,875.0	$	1,000.0	$	(4.7	)
Foreign currency denominated debt	8,329.2		8,329.2		8.3
Cash flow hedges:
Interest rate swaps	850.0		850.0		(8.9		)
Total	$	11,054.2	$	10,179.2	$	(5.3	)

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value



	July 3, 2020		December 31, 2019
Derivative assets:
Prepaid expenses and other current assets	$	—	$	25.7
Other long-term assets	278.2		—

Derivative liabilities:
Accrued expenses and other liabilities	—		111.7

Nonderivative hedging instruments:
Long-term debt	5,211.3		6,275.9

Defined Benefit Plans (Tables)

6 Months Ended

Jul. 03, 2020

Defined Benefit Plan Disclosure [Line Items]

Schedule of Defined Benefit Plans Disclosures



	Three-Month Period Ended						Six-Month Period Ended
	July 3, 2020			June 28, 2019			July 3, 2020			June 28, 2019
Service cost:
Cost of sales	$	(2.8	)	$	(2.2	)	$	(4.3	)	$	(4.2	)
Selling, general and administrative expenses	(8.1		)	(5.3		)	(12.7		)	(10.8		)
Total service cost	(10.9		)	(7.5		)	(17.0		)	(15.0		)
Other net periodic benefit costs:
Other (expense) income, net	5.1			5.0			10.4			10.1
Total	$	(5.8	)	$	(2.5	)	$	(6.6	)	$	(4.9	)

Defined benefit pension plans

Defined Benefit Plan Disclosure [Line Items]

Schedule of Net Benefit Costs

The following sets forth the components of the Company’s net periodic benefit (cost) of the noncontributory defined benefit pension plans ($ in millions):



	Three-Month Period Ended						Six-Month Period Ended
	July 3, 2020			June 28, 2019			July 3, 2020			June 28, 2019
U.S. pension benefits:
Service cost	$	—		$	(1.6	)	$	—		$	(3.2	)
Interest cost	(17.3		)	(22.2		)	(33.9		)	(44.4		)
Expected return on plan assets	30.5			31.6			59.6			63.2
Amortization of actuarial loss	(9.1		)	(6.2		)	(18.1		)	(12.4		)
Amortization of prior service cost	(0.3		)	(0.3		)	(0.5		)	(0.5		)
Net periodic pension benefit	$	3.8		$	1.3		$	7.1		$	2.7

Non-U.S. pension benefits:
Service cost	$	(10.8	)	$	(5.8	)	$	(16.8	)	$	(11.6	)
Interest cost	(5.7		)	(6.1		)	(10.2		)	(12.3		)
Expected return on plan assets	8.9			10.1			17.8			20.2
Amortization of actuarial loss	(2.3		)	(1.1		)	(4.7		)	(2.2		)
Amortization of prior service credit	0.3			0.1			0.6			0.1
Curtailment gain recognized	0.4			—			0.4			—
Settlement loss recognized	—			(0.1		)	—			(0.1		)
Net periodic pension cost	$	(9.2	)	$	(2.9	)	$	(12.9	)	$	(5.9	)

Other postretirement benefit plans

Defined Benefit Plan Disclosure [Line Items]

Schedule of Net Benefit Costs

The following sets forth the components of the Company’s net periodic benefit cost of the other postretirement employee benefit plans ($ in millions):



	Three-Month Period Ended						Six-Month Period Ended
	July 3, 2020			June 28, 2019			July 3, 2020			June 28, 2019
Service cost	$	(0.1	)	$	(0.1	)	$	(0.2	)	$	(0.2	)
Interest cost	(0.9		)	(1.3		)	(1.7		)	(2.5		)
Amortization of prior service credit	0.6			0.5			1.1			1.0
Net periodic cost	$	(0.4	)	$	(0.9	)	$	(0.8	)	$	(1.7	)

Income Taxes (Tables)

6 Months Ended

Jul. 03, 2020

Income Tax Disclosure [Abstract]

Summary Of Effective Income Tax Rate

The following table summarizes the Company’s effective tax rate:



	Three-Month Period Ended				Six-Month Period Ended
	July 3, 2020		June 28, 2019		July 3, 2020		June 28, 2019
Effective tax rate	24.0	%	17.8	%	21.2	%	34.6	%

Commitments And Contingencies (Tables)

6 Months Ended

Jul. 03, 2020

Commitments and Contingencies Disclosure [Abstract]

Warranty Accrual

The following is a rollforward of the Company’s accrued warranty liability ($ in millions):



Balance, December 31, 2019	$	73.3
Accruals for warranties issued during the period	20.3
Settlements made	(17.8		)
Adjustments due to acquisitions/divestitures	1.7
Effect of foreign currency translation	(0.7		)
Balance, July 3, 2020	$	76.8

Stock Transactions And Stock-Based Compensation (Tables)

6 Months Ended

Jul. 03, 2020

Share-based Payment Arrangement [Abstract]

Key Terms of Shares

The following summarizes the key terms of the MCPS Shares:

Annual Cumulative Dividend Rate

Liquidation Preference per share

Minimum Conversion Rate

Maximum Conversion Rate

Mandatory Conversion Date

Series A

4.75

1,000

6.6549 shares

8.1522 shares

April 15, 2022

Series B

5.00

1,000

5.0081 shares

6.1349 shares

April 15, 2023

Summary of Share Activity

The following table summarizes the Company’s share activity (shares in millions):



	Three-Month Period Ended		Six-Month Period Ended
	July 3, 2020	June 28, 2019	July 3, 2020	June 28, 2019
Preferred stock - shares issued:
Balance, beginning of period	1.7	1.7	1.7	—
Issuance of MCPS	1.7	—	1.7	1.7
Balance, end of period	3.4	1.7	3.4	1.7

Common stock - shares issued:
Balance, beginning of period	837.3	832.5	835.5	817.9
Common stock-based compensation awards	1.0	1.1	2.8	3.1
Common stock issued in connection with LYONs’ conversions	0.3	0.4	0.3	0.9
Issuance of common stock	10.9	—	10.9	12.1
Balance, end of period	849.5	834.0	849.5	834.0

Components Of Stock-Based Compensation Program

The following summarizes the components of the Company’s stock-based compensation expense ($ in millions):



	Three-Month Period Ended						Six-Month Period Ended
	July 3, 2020			June 28, 2019			July 3, 2020			June 28, 2019
Restricted stock units (“RSUs”)/performance stock units (“PSUs”):
Pretax compensation expense	$	28.0		$	24.9		$	55.6		$	46.6
Income tax benefit	(5.6		)	(5.1		)	(11.3		)	(9.6		)
RSU/PSU expense, net of income taxes	22.4			19.8			44.3			37.0
Stock options:
Pretax compensation expense	18.6			16.5			36.2			29.9
Income tax benefit	(3.8		)	(3.3		)	(7.4		)	(6.1		)
Stock option expense, net of income taxes	14.8			13.2			28.8			23.8
Total stock-based compensation:
Pretax compensation expense	46.6			41.4			91.8			76.5
Income tax benefit	(9.4		)	(8.4		)	(18.7		)	(15.7		)
Total stock-based compensation expense, net of income taxes	$	37.2		$	33.0		$	73.1		$	60.8

- Definition

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

+ References

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+ Details

Net Earnings Per Common Share From Continuing Operations (Tables)

6 Months Ended

Jul. 03, 2020

Earnings Per Share [Abstract]

Components Of Basic And Diluted Earnings Per Share

Information related to the calculation of net earnings from continuing operations per common share is summarized as follows ($ and shares in millions, except per share amounts):



	Three-Month Period Ended						Six-Month Period Ended
	July 3, 2020			June 28, 2019			July 3, 2020			June 28, 2019
Numerator:
Net earnings from continuing operations	$	927.3		$	676.4		$	1,522.4		$	1,008.7
MCPS dividends	(34.6		)	(22.7		)	(54.2		)	(29.2		)
Net earnings from continuing operations attributable to common stockholders for Basic EPS	892.7			653.7			1,468.2			979.5
Adjustment for interest on convertible debentures	0.3			0.5			0.6			1.0
Net earnings from continuing operations attributable to common stockholders after assumed conversions for Diluted EPS	$	893.0		$	654.2		$	1,468.8		$	980.5

Denominator:
Weighted average common shares outstanding used in Basic EPS	705.1			717.6			701.1			712.6
Incremental common shares from:
Assumed exercise of dilutive options and vesting of dilutive RSUs and PSUs	12.0			8.8			10.8			8.8
Assumed conversion of the convertible debentures	1.1			1.5			1.2			1.8
Weighted average common shares outstanding used in Diluted EPS	718.2			727.9			713.1			723.2

Basic EPS from continuing operations	$	1.27		$	0.91		$	2.09		$	1.37
Diluted EPS from continuing operations	$	1.24		$	0.90		$	2.06		$	1.36

Segment Information (Tables)

6 Months Ended

Jul. 03, 2020

Segment Reporting [Abstract]

Segment Results

Segment results are shown below ($ in millions):



	Three-Month Period Ended						Six-Month Period Ended
	July 3, 2020			June 28, 2019			July 3, 2020			June 28, 2019
Sales:
Life Sciences	$	2,642.4		$	1,712.6		$	4,292.8		$	3,339.5
Diagnostics	1,660.2			1,618.3			3,287.2			3,155.1
Environmental & Applied Solutions	994.8			1,113.6			2,060.5			2,170.1
Total	$	5,297.4		$	4,444.5		$	9,640.5		$	8,664.7

Operating profit:
Life Sciences	$	412.4		$	344.0		$	738.0		$	653.0
Diagnostics	293.2			282.9			544.4			516.0
Environmental & Applied Solutions	222.0			260.2			461.9			504.8
Other	(83.0		)	(75.4		)	(202.2		)	(142.4		)
Total	$	844.6		$	811.7		$	1,542.1		$	1,531.4

Segment identifiable assets are shown below ($ in millions):



	July 3, 2020		December 31, 2019
Life Sciences	$	46,017.5	$	22,381.3
Diagnostics	14,587.0		14,442.2
Environmental & Applied Solutions	4,791.4		4,881.8
Other	5,872.5		20,376.3
Total	$	71,268.4	$	62,081.6

General (Narrative) (Details) - USD ($) $ in Millions	6 Months Ended
General (Narrative) (Details) - USD ($) $ in Millions	Jul. 03, 2020	Jan. 01, 2020	Dec. 31, 2019
Net decrease to beginning retained earnings	$ (25,373.5)		$ (24,166.3)
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201613Member
Operating lease, right-of-use asset	$ 870.0		764.0
Operating lease, liability	$ 894.0		$ 797.0
Adoption of accounting standards
Net decrease to beginning retained earnings		$ 8.0

- Definition

Indicates amendment to accounting standards.

+ References

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+ Details

General (Components of Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 03, 2020	Jun. 28, 2019	Jul. 03, 2020	Jun. 28, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	$ (2,791.3)	$ (2,796.1)	$ (3,068.3)	$ (2,791.1)
Increase (decrease)	716.8	(60.1)	1,236.8	(66.9)
Income tax impact	80.4	7.3	(61.0)	3.7
Other comprehensive income (loss) before reclassifications, net of income taxes	797.2	(52.8)	1,175.8	(63.2)
Increase (decrease)	166.2	6.1	38.2	13.2
Income tax impact	(35.2)	(1.5)	(8.8)	(3.2)
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes	131.0	4.6	29.4	10.0
Total other comprehensive income (loss), net of income taxes	928.2	(48.2)	1,205.2	(53.2)
Ending balance	(1,863.1)	(2,844.3)	(1,863.1)	(2,844.3)
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(2,327.2)	(2,108.9)	(2,173.3)	(2,098.1)
Increase (decrease)	1,070.6	(51.9)	939.1	(59.2)
Income tax impact	6.1	5.4	(16.3)	1.9
Other comprehensive income (loss) before reclassifications, net of income taxes	1,076.7	(46.5)	922.8	(57.3)
Increase (decrease)	0.0	0.0	0.0	0.0
Income tax impact	0.0	0.0	0.0	0.0
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes	0.0	0.0	0.0	0.0
Total other comprehensive income (loss), net of income taxes	1,076.7	(46.5)	922.8	(57.3)
Ending balance	(1,250.5)	(2,155.4)	(1,250.5)	(2,155.4)
Pension & Postretirement Plan Benefit Adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(773.3)	(685.7)	(781.5)	(691.1)
Increase (decrease)	0.0	0.0	0.0	0.0
Income tax impact	0.0	0.0	0.0	0.0
Other comprehensive income (loss) before reclassifications, net of income taxes	0.0	0.0	0.0	0.0
Increase (decrease)	10.4	6.1	21.2	13.2
Income tax impact	(2.5)	(1.5)	(5.1)	(3.2)
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes	7.9	4.6	16.1	10.0
Total other comprehensive income (loss), net of income taxes	7.9	4.6	16.1	10.0
Ending balance	(765.4)	(681.1)	(765.4)	(681.1)
Unrealized Gain (Loss) on Available-For-Sale Securities Adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(0.1)	(1.5)	(0.7)	(1.9)
Increase (decrease)	0.5	0.7	1.2	1.2
Income tax impact	(0.1)	(0.2)	(0.2)	(0.3)
Other comprehensive income (loss) before reclassifications, net of income taxes	0.4	0.5	1.0	0.9
Increase (decrease)	0.0	0.0	0.0	0.0
Income tax impact	0.0	0.0	0.0	0.0
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes	0.0	0.0	0.0	0.0
Total other comprehensive income (loss), net of income taxes	0.4	0.5	1.0	0.9
Ending balance	0.3	(1.0)	0.3	(1.0)
Cash flow hedge adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	309.3	0.0	(112.8)	0.0
Increase (decrease)	(354.3)	(8.9)	296.5	(8.9)
Income tax impact	74.4	2.1	(44.5)	2.1
Other comprehensive income (loss) before reclassifications, net of income taxes	(279.9)	(6.8)	252.0	(6.8)
Increase (decrease)	155.8	0.0	17.0	0.0
Income tax impact	(32.7)	0.0	(3.7)	0.0
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes	123.1	0.0	13.3	0.0
Total other comprehensive income (loss), net of income taxes	(156.8)	(6.8)	265.3	(6.8)
Ending balance	$ 152.5	$ (6.8)	$ 152.5	$ (6.8)

Revenue (Narrative) (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
Revenue (Narrative) (Details) - USD ($) $ in Millions	Jul. 03, 2020	Jul. 03, 2020	Jun. 28, 2019	Jul. 03, 2020	Jun. 28, 2019	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Revenue, OTLs and STLs		$ 110	$ 106	$ 220	$ 212
Revenue, remaining performance obligation	$ 2,600	2,600		2,600
Revenue, remaining performance obligation, expected satisfaction in next 12 months, percent	51.00%
Revenue, remaining performance obligation, expected satisfaction in subsequent 12 months, percent	22.00%
Contract with customer, asset, net	$ 87	87		87		$ 77
Contract with customer, liability	$ 1,200	$ 1,200		1,200		$ 806
Contract with customer, liability, revenue recognized				$ 419	$ 403

Revenue (Disaggregation of Revenue by Geographical Region) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 03, 2020	Jun. 28, 2019	Jul. 03, 2020	Jun. 28, 2019
Disaggregation of Revenue [Line Items]
Sales	$ 5,297.4	$ 4,444.5	$ 9,640.5	$ 8,664.7
Recurring revenue
Disaggregation of Revenue [Line Items]
Sales	3,815.4	3,085.3	7,022.3	6,059.8
Nonrecurring revenue
Disaggregation of Revenue [Line Items]
Sales	1,482.0	1,359.2	2,618.2	2,604.9
North America
Disaggregation of Revenue [Line Items]
Sales	2,143.0	1,742.9	4,015.3	3,411.8
Western Europe
Disaggregation of Revenue [Line Items]
Sales	1,246.2	1,002.6	2,283.6	2,011.5
Other developed markets
Disaggregation of Revenue [Line Items]
Sales	302.7	264.1	584.5	534.3
High-growth markets
Disaggregation of Revenue [Line Items]
Sales	1,605.5	1,434.9	2,757.1	2,707.1
Operating segments \| Life Sciences
Disaggregation of Revenue [Line Items]
Sales	2,642.4	1,712.6	4,292.8	3,339.5
Operating segments \| Life Sciences \| Recurring revenue
Disaggregation of Revenue [Line Items]
Sales	1,900.1	1,111.9	3,059.5	2,180.1
Operating segments \| Life Sciences \| Nonrecurring revenue
Disaggregation of Revenue [Line Items]
Sales	742.3	600.7	1,233.3	1,159.4
Operating segments \| Life Sciences \| North America
Disaggregation of Revenue [Line Items]
Sales	999.8	653.6	1,620.5	1,240.9
Operating segments \| Life Sciences \| Western Europe
Disaggregation of Revenue [Line Items]
Sales	711.6	459.3	1,183.2	919.6
Operating segments \| Life Sciences \| Other developed markets
Disaggregation of Revenue [Line Items]
Sales	178.2	137.6	331.0	286.9
Operating segments \| Life Sciences \| High-growth markets
Disaggregation of Revenue [Line Items]
Sales	752.8	462.1	1,158.1	892.1
Operating segments \| Diagnostics
Disaggregation of Revenue [Line Items]
Sales	1,660.2	1,618.3	3,287.2	3,155.1
Operating segments \| Diagnostics \| Recurring revenue
Disaggregation of Revenue [Line Items]
Sales	1,335.5	1,380.6	2,763.4	2,704.7
Operating segments \| Diagnostics \| Nonrecurring revenue
Disaggregation of Revenue [Line Items]
Sales	324.7	237.7	523.8	450.4
Operating segments \| Diagnostics \| North America
Disaggregation of Revenue [Line Items]
Sales	691.0	601.0	1,445.7	1,233.4
Operating segments \| Diagnostics \| Western Europe
Disaggregation of Revenue [Line Items]
Sales	315.3	281.7	625.1	570.6
Operating segments \| Diagnostics \| Other developed markets
Disaggregation of Revenue [Line Items]
Sales	95.6	95.2	194.3	187.2
Operating segments \| Diagnostics \| High-growth markets
Disaggregation of Revenue [Line Items]
Sales	558.3	640.4	1,022.1	1,163.9
Operating segments \| Environmental & Applied Solutions
Disaggregation of Revenue [Line Items]
Sales	994.8	1,113.6	2,060.5	2,170.1
Operating segments \| Environmental & Applied Solutions \| Recurring revenue
Disaggregation of Revenue [Line Items]
Sales	579.8	592.8	1,199.4	1,175.0
Operating segments \| Environmental & Applied Solutions \| Nonrecurring revenue
Disaggregation of Revenue [Line Items]
Sales	415.0	520.8	861.1	995.1
Operating segments \| Environmental & Applied Solutions \| North America
Disaggregation of Revenue [Line Items]
Sales	452.2	488.3	949.1	937.5
Operating segments \| Environmental & Applied Solutions \| Western Europe
Disaggregation of Revenue [Line Items]
Sales	219.3	261.6	475.3	521.3
Operating segments \| Environmental & Applied Solutions \| Other developed markets
Disaggregation of Revenue [Line Items]
Sales	28.9	31.3	59.2	60.2
Operating segments \| Environmental & Applied Solutions \| High-growth markets
Disaggregation of Revenue [Line Items]
Sales	$ 294.4	$ 332.4	$ 576.9	$ 651.1

Acquisitions (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions				3 Months Ended		6 Months Ended			12 Months Ended
	Apr. 30, 2020	Mar. 31, 2020	Mar. 01, 2019	Jul. 03, 2020	Jun. 28, 2019	Jul. 03, 2020	Dec. 31, 2019	Jun. 28, 2019	Dec. 31, 2019
Business Acquisition [Line Items]
Disposal group, product lines, revenues									$ 170.0
Proceeds from sale of product lines	$ 810.0					$ 809.8		$ 0.0
Pretax gain on sale of product lines				$ 454.6	$ 0.0	454.6		$ 0.0
Gain on sale of product lines, net of tax				$ 305.0		$ 305.0
Gain on sale of product lines, net of tax, per diluted common share				$ 0.42		$ 0.42
Goodwill						$ 10,179.5
Cytiva
Business Acquisition [Line Items]
Net cash consideration		$ 20,700.0
Cash acquired		100.0
Pension liabilities		422.8
Revenue reported by acquired entity for last annual period		3,300.0
Proceeds from underwritten public offerings of Common Stock and Mandatory Convertible Preferred Stock Series A			$ 3,000.0
Proceeds from term debt							$ 10,800.0
Proceeds from CP borrowings, Five-year facility borrowings and cash on hand									$ 6,900.0
Goodwill		$ 10,179.5

Acquisitions (Pro Forma Financial Information) (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jul. 03, 2020	Jun. 28, 2019	Jul. 03, 2020	Jun. 28, 2019
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Pretax gain on sale of product lines	$ 454.6	$ 0.0	$ 454.6	$ 0.0
Gain on sale of product lines, net of tax	$ 305.0		$ 305.0
Gain on sale of product lines, net of tax, per diluted common share	$ 0.42		$ 0.42
Cytiva \| Fair value adjustment to inventory
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Pro forma earnings, adjustments		167.0		391.0
Cytiva \| Acquisition-related transaction costs
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Pro forma earnings, adjustments		$ 18.0	$ 59.0	$ 33.0

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

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+ Details

Acquisitions (Fair Values Of The Assets Acquired And Liabilities) (Details) - USD ($) $ in Millions		6 Months Ended
	Mar. 31, 2020	Jul. 03, 2020	Jun. 28, 2019
Business Acquisition [Line Items]
Goodwill		$ 10,179.5
Net cash consideration		$ 20,735.6	$ 326.6
Cytiva
Business Acquisition [Line Items]
Trade accounts receivable	$ 483.0
Inventories	939.2
Property, plant and equipment	695.7
Goodwill	10,179.5
Other intangible assets, primarily technology and customer relationships	10,645.5
Trade accounts payable	(249.9)
Pension liabilities	(422.8)
Deferred tax liabilities	(1,200.6)
Other assets and liabilities, net	(334.0)
Net cash consideration	$ 20,735.6

Acquisitions (Pro Forma Financial Information) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jul. 03, 2020	Jun. 28, 2019	Jul. 03, 2020	Jun. 28, 2019
Business Combinations [Abstract]
Sales	$ 5,323.7	$ 5,214.3	$ 10,442.9	$ 10,132.0
Net earnings from continuing operations	$ 796.6	$ 644.5	$ 1,512.7	$ 866.4
Diluted net earnings per common share from continuing operations	$ 1.06	$ 0.85	$ 2.05	$ 1.14

Discontinued Operations (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
Discontinued Operations (Details) - USD ($) $ in Millions	Jun. 28, 2019	Jun. 28, 2019
Discontinued Operations and Disposal Groups [Abstract]
Sales	$ 712.1	$ 1,371.8
Cost of sales	(318.5)	(615.1)
Selling, general and administrative expenses	(281.8)	(597.5)
Research and development expenses	(39.7)	(83.0)
Other income	1.3	1.4
Interest expense	(0.9)	(3.7)
Earnings from discontinued operations before income taxes	72.5	73.9
Income taxes	(17.6)	(17.5)
Earnings from discontinued operations, net of income taxes	$ 54.9	$ 56.4

Goodwill and Other Intangible Assets (Narrative) (Details) $ in Millions	6 Months Ended
	Jul. 03, 2020 USD ($)
Goodwill [Line Items]
Goodwill, purchase accounting adjustments	$ 2.3
Acquired finite-lived intangible assets, weighted average useful life	17 years
Asset impairment charges, long-lived assets	$ 8.0
Cytiva
Goodwill [Line Items]
Goodwill, purchase accounting adjustments	$ 1,300.0

Goodwill and Other Intangible Assets (Rollforward of Goodwill) (Details) $ in Millions	6 Months Ended
	Jul. 03, 2020 USD ($)
Goodwill [Roll Forward]
Balance, beginning of period	$ 22,712.5
Attributable to 2020 acquisitions	10,179.5
Attributable to 2020 divestitures	(180.5)
Adjustments due to finalization of purchase price allocations	(2.3)
Foreign currency translation and other	517.9
Balance, end of period	$ 33,227.1

Goodwill and Other Intangible Assets (Goodwill by Segment) (Details) - USD ($) $ in Millions	Jul. 03, 2020	Dec. 31, 2019
Goodwill [Line Items]
Total goodwill	$ 33,227.1	$ 22,712.5
Operating segments \| Life Sciences
Goodwill [Line Items]
Total goodwill	24,033.5	13,471.8
Operating segments \| Diagnostics
Goodwill [Line Items]
Total goodwill	6,869.7	6,901.2
Operating segments \| Environmental & Applied Solutions
Goodwill [Line Items]
Total goodwill	$ 2,323.9	$ 2,339.5

Goodwill and Other Intangible Assets (Schedule of Finite-lived Intangible Assets And Indefinite-lived Intangible Assets By Major Class) (Details) - USD ($) $ in Millions	Jul. 03, 2020	Dec. 31, 2019
Finite-lived intangibles, gross carrying amount	$ 20,122.9	$ 9,080.1
Finite-lived intangibles, accumulated amortization	(3,947.9)	(3,546.4)
Total intangibles, gross carrying amount	24,392.4	13,296.1
Trademarks and trade names
Indefinite-lived intangibles, gross carrying amount	4,269.5	4,216.0
Patents and technology
Finite-lived intangibles, gross carrying amount	11,373.8	2,712.7
Finite-lived intangibles, accumulated amortization	(1,136.8)	(934.1)
Customer relationships and other intangibles
Finite-lived intangibles, gross carrying amount	8,749.1	6,367.4
Finite-lived intangibles, accumulated amortization	$ (2,811.1)	$ (2,612.3)

Fair Value Measurements (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended	6 Months Ended
	Jul. 03, 2020	Jul. 03, 2020
Fair Value Disclosures [Abstract]
Unrealized loss on investments	$ (6)	$ (13)
Unrealized loss on investments, per diluted common share	$ (0.01)	$ (0.02)

Fair Value Measurements (Financial Assets and Liabilities Carried at Fair Value) (Details) - USD ($) $ in Millions	Jul. 03, 2020	Dec. 31, 2019
Assets:
Available-for-sale debt securities	$ 31.3	$ 33.7
Investment in equity securities	198.5	110.8
Cross-currency swap derivative contracts	278.2	25.7
Liabilities:
Cross-currency swap derivative contracts		111.7
Deferred compensation plans	89.3	70.4
Quoted Prices in Active Market (Level 1)
Assets:
Available-for-sale debt securities	0.0	0.0
Investment in equity securities	16.6	0.0
Cross-currency swap derivative contracts	0.0	0.0
Liabilities:
Cross-currency swap derivative contracts		0.0
Deferred compensation plans	0.0	0.0
Significant Other Observable Inputs (Level 2)
Assets:
Available-for-sale debt securities	31.3	33.7
Investment in equity securities	0.0	0.0
Cross-currency swap derivative contracts	278.2	25.7
Liabilities:
Cross-currency swap derivative contracts		111.7
Deferred compensation plans	89.3	70.4
Significant Unobservable Inputs (Level 3)
Assets:
Available-for-sale debt securities	0.0	0.0
Investment in equity securities	0.0	0.0
Cross-currency swap derivative contracts	0.0	0.0
Liabilities:
Cross-currency swap derivative contracts		0.0
Deferred compensation plans	$ 0.0	$ 0.0

Fair Value Measurements (Carrying Amounts and Fair Values of Financial Instruments) (Details) - USD ($) $ in Millions	Jul. 03, 2020	Dec. 31, 2019
Assets:
Available-for-sale debt securities	$ 31.3	$ 33.7
Investment in equity securities	198.5	110.8
Cross-currency swap derivative contracts	278.2	25.7
Liabilities:
Cross-currency swap derivative contracts		111.7
Carrying Amount
Assets:
Available-for-sale debt securities	31.3	33.7
Investment in equity securities	198.5	110.8
Cross-currency swap derivative contracts	278.2	25.7
Liabilities:
Cross-currency swap derivative contracts	0.0	111.7
Notes payable and current portion of long-term debt	17.2	212.4
Long-term debt	22,370.0	21,516.7
Fair Value
Assets:
Available-for-sale debt securities	31.3	33.7
Investment in equity securities	198.5	110.8
Cross-currency swap derivative contracts	278.2	25.7
Liabilities:
Cross-currency swap derivative contracts	0.0	111.7
Notes payable and current portion of long-term debt	17.2	212.4
Long-term debt	$ 23,189.5	$ 21,896.9

Financing (Narrative) (Details) $ / shares in Units, shares in Thousands, € in Millions, $ in Millions											3 Months Ended			6 Months Ended
	Jul. 03, 2020 USD ($) $ / shares	Jun. 05, 2020 USD ($)	May 15, 2020 USD ($)	Apr. 08, 2020 USD ($)	Apr. 08, 2020 EUR (€)	Apr. 07, 2020 USD ($)	Mar. 31, 2020	Mar. 30, 2020 USD ($)	Mar. 30, 2020 EUR (€)	Mar. 24, 2020 USD ($)	Jul. 03, 2020 USD ($) $ / shares	Jul. 03, 2020 USD ($) $ / shares	Jun. 28, 2019 USD ($)	Jul. 03, 2020 USD ($) $ / shares shares	Jun. 28, 2019 USD ($)	Dec. 31, 2019 USD ($) $ / shares
Debt Instrument [Line Items]
Debt discounts, premiums and debt issuance costs	$ 122.0										$ 122.0	$ 122.0		$ 122.0		$ 112.0
Common stock, par value \| $ / shares	$ 0.01										$ 0.01	$ 0.01		$ 0.01		$ 0.01
Debt conversion, converted instrument, tax benefit											$ 3.0		$ 3.5	$ 3.0	$ 8.2
Commercial paper
Debt Instrument [Line Items]
Long-term debt	$ 1,700.0										$ 1,700.0	$ 1,700.0		$ 1,700.0
Weighted average interest rate of long-term debt, interest rate	0.04%										0.04%	0.04%		0.04%
Weighted average maturity of long-term debt, at point in time	27 days
Senior notes
Debt Instrument [Line Items]
Proceeds from issuance of debt				$ 816.0	€ 754			$ 1,900.0	€ 1,700
Zero-coupon LYONs due 2021 \| Convertible debt
Debt Instrument [Line Items]
Shares issued under debt conversion, shares \| shares														288
Debt conversion, converted instrument, tax benefit														$ 3.0
Long-term debt \| Revolving credit facility \| Five-Year Facility
Debt Instrument [Line Items]
Line of credit		$ 5,000.0
Proceeds from line of credit										$ 2,500.0
Line of credit facility, interest rate							1.70%					1.90%
Repayments of debt			$ 1,250.0
Short-term debt \| Revolving credit facility \| Superseded 364-Day Facility
Debt Instrument [Line Items]
Line of credit		5,000.0
Proceeds from line of credit						$ 2,500.0
Line of credit facility, interest rate						2.30%
Repayments of debt			$ 2,500.0
Short-term debt \| Revolving credit facility \| 364-Day Facility
Debt Instrument [Line Items]
Line of credit		$ 2,500.0
Debt instrument, covenants, conversion fee, percent		0.75%
Short-term debt \| Revolving credit facility \| 364-Day Facility \| Minimum
Debt Instrument [Line Items]
Line of credit facility, commitment fee percentage		0.10%
Debt instrument, covenants, leverage ratio		0.65%
Short-term debt \| Revolving credit facility \| 364-Day Facility \| Maximum
Debt Instrument [Line Items]
Line of credit facility, commitment fee percentage		0.225%
Debt instrument, covenants, leverage ratio		1.00%
Short-term debt \| Revolving credit facility \| 364-Day Facility \| LIBOR \| Minimum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		0.90%
Short-term debt \| Revolving credit facility \| 364-Day Facility \| LIBOR \| Maximum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.275%
Short-term debt \| Revolving credit facility \| 364-Day Facility \| Fed funds rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		0.50%
Short-term debt \| Revolving credit facility \| 364-Day Facility \| Eurodollar
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.00%
Short-term debt \| Revolving credit facility \| 364-Day Facility \| Eurodollar \| Minimum
Debt Instrument [Line Items]
Line of credit facility, commitment fee percentage		0.00%
Short-term debt \| Revolving credit facility \| 364-Day Facility \| Eurodollar \| Maximum
Debt Instrument [Line Items]
Line of credit facility, commitment fee percentage		0.275%

Financing (Components Of Debt) (Details) € in Millions, SFr in Millions, $ in Millions, ¥ in Billions	Jul. 03, 2020 USD ($)	Jul. 03, 2020 CHF (SFr)	Jul. 03, 2020 JPY (¥)	Jul. 03, 2020 EUR (€)	Apr. 08, 2020 EUR (€)	Mar. 30, 2020 EUR (€)	Dec. 31, 2019 USD ($)	Dec. 31, 2019 CHF (SFr)	Dec. 31, 2019 JPY (¥)	Dec. 31, 2019 EUR (€)
Debt Instrument [Line Items]
Long-term debt	$ 22,387.2						$ 21,729.1
Less: currently payable	17.2						212.4
Long-term debt excluding currently payable	22,370.0						21,516.7
Other
Debt Instrument [Line Items]
Long-term debt	34.9						76.3
Revolving credit facility \| Five-Year Facility
Debt Instrument [Line Items]
Long-term debt	1,247.8						0.0
Commercial paper \| Euro-denominated commercial paper
Debt Instrument [Line Items]
Long-term debt	1,680.4			€ 1,500.0			5,146.2			€ 4,600.0
Commercial paper \| U.S. dollar-denominated commercial paper
Debt Instrument [Line Items]
Long-term debt	67.1						0.0
Senior notes \| 0.352% senior notes due 2021
Debt Instrument [Line Items]
Long-term debt	$ 278.9						275.8
Interest rate of debt instrument	0.352%	0.352%	0.352%	0.352%
Aggregate principal amount \| ¥			¥ 30.0						¥ 30.0
Senior notes \| 1.7% senior notes due 2022
Debt Instrument [Line Items]
Long-term debt	$ 897.7						894.8
Interest rate of debt instrument	1.70%	1.70%	1.70%	1.70%
Aggregate principal amount \| €				€ 800.0						800.0
Senior notes \| Floating rate senior notes due 2022
Debt Instrument [Line Items]
Long-term debt	$ 280.7						279.8
Aggregate principal amount \| €				€ 250.0						250.0
Senior notes \| 2.05% senior notes due 2022
Debt Instrument [Line Items]
Long-term debt	$ 697.5						696.9
Interest rate of debt instrument	2.05%	2.05%	2.05%	2.05%
Senior notes \| 1.7% senior notes due 2024
Debt Instrument [Line Items]
Long-term debt	$ 1,006.6						0.0
Interest rate of debt instrument	1.70%	1.70%	1.70%	1.70%	1.70%	1.70%
Aggregate principal amount \| €				€ 900.0	€ 150.0	€ 750.0				0.0
Senior notes \| 2.2% senior notes due 2024
Debt Instrument [Line Items]
Long-term debt	$ 696.4						696.2
Interest rate of debt instrument	2.20%	2.20%	2.20%	2.20%
Senior notes \| 2.5% senior notes due 2025
Debt Instrument [Line Items]
Long-term debt	$ 896.3						893.7
Interest rate of debt instrument	2.50%	2.50%	2.50%	2.50%
Aggregate principal amount \| €				€ 800.0						800.0
Senior notes \| 3.35% senior notes due 2025
Debt Instrument [Line Items]
Long-term debt	$ 497.5						497.3
Interest rate of debt instrument	3.35%	3.35%	3.35%	3.35%
Senior notes \| 0.2% senior notes due 2026
Debt Instrument [Line Items]
Long-term debt	$ 1,396.5						1,392.3
Interest rate of debt instrument	0.20%	0.20%	0.20%	0.20%
Aggregate principal amount \| €				€ 1,300.0						1,300.0
Senior notes \| 2.1% senior notes due 2026
Debt Instrument [Line Items]
Long-term debt	$ 895.1						0.0
Interest rate of debt instrument	2.10%	2.10%	2.10%	2.10%	2.10%	2.10%
Aggregate principal amount \| €				€ 800.0	€ 300.0	€ 500.0				0.0
Senior notes \| 0.3% senior notes due 2027
Debt Instrument [Line Items]
Long-term debt	$ 285.6						282.5
Interest rate of debt instrument	0.30%	0.30%	0.30%	0.30%
Aggregate principal amount \| ¥			¥ 30.8						30.8
Senior notes \| 1.2% senior notes due 2027
Debt Instrument [Line Items]
Long-term debt	$ 670.1						668.0
Interest rate of debt instrument	1.20%	1.20%	1.20%	1.20%
Aggregate principal amount \| €				€ 600.0						600.0
Senior notes \| 0.45% senior notes due 2028
Debt Instrument [Line Items]
Long-term debt	$ 1,394.6						1,390.1
Interest rate of debt instrument	0.45%	0.45%	0.45%	0.45%
Aggregate principal amount \| €				€ 1,300.0						1,300.0
Senior notes \| 2.6% senior notes due 2029
Debt Instrument [Line Items]
Long-term debt	$ 794.5						794.8
Interest rate of debt instrument	2.60%	2.60%	2.60%	2.60%
Senior notes \| 2.5% senior notes due 2030
Debt Instrument [Line Items]
Long-term debt	$ 898.7						0.0
Interest rate of debt instrument	2.50%	2.50%	2.50%	2.50%	2.50%	2.50%
Aggregate principal amount \| €				€ 800.0	€ 300.0	€ 500.0				0.0
Senior notes \| 0.75% senior notes due 2031
Debt Instrument [Line Items]
Long-term debt	$ 1,954.6						1,948.7
Interest rate of debt instrument	0.75%	0.75%	0.75%	0.75%
Aggregate principal amount \| €				€ 1,800.0						1,800.0
Senior notes \| 0.65% senior notes due 2032
Debt Instrument [Line Items]
Long-term debt	$ 493.2						487.8
Interest rate of debt instrument	0.65%	0.65%	0.65%	0.65%
Aggregate principal amount \| ¥			¥ 53.2						¥ 53.2
Senior notes \| 1.35% senior notes due 2039
Debt Instrument [Line Items]
Long-term debt	$ 1,387.8						1,383.6
Interest rate of debt instrument	1.35%	1.35%	1.35%	1.35%
Aggregate principal amount \| €				€ 1,300.0						1,300.0
Senior notes \| 3.25% senior notes due 2039
Debt Instrument [Line Items]
Long-term debt	$ 889.0						890.3
Interest rate of debt instrument	3.25%	3.25%	3.25%	3.25%
Senior notes \| 4.375% senior notes due 2045
Debt Instrument [Line Items]
Long-term debt	$ 499.4						499.4
Interest rate of debt instrument	4.375%	4.375%	4.375%	4.375%
Senior notes \| 1.8% senior notes due 2049
Debt Instrument [Line Items]
Long-term debt	$ 833.3						830.9
Interest rate of debt instrument	1.80%	1.80%	1.80%	1.80%
Aggregate principal amount \| €				€ 750.0						€ 750.0
Senior notes \| 3.4% senior notes due 2049
Debt Instrument [Line Items]
Long-term debt	$ 888.5						890.2
Interest rate of debt instrument	3.40%	3.40%	3.40%	3.40%
Convertible debt \| Zero-coupon LYONs due 2021
Debt Instrument [Line Items]
Long-term debt	$ 26.2						33.6
Interest rate of debt instrument	0.00%	0.00%	0.00%	0.00%
Bonds \| 0.5% senior bonds due 2023
Debt Instrument [Line Items]
Long-term debt	$ 572.2						558.9
Interest rate of debt instrument	0.50%	0.50%	0.50%	0.50%
Aggregate principal amount \| SFr		SFr 540						SFr 540
Bonds \| 1.125% senior bonds due 2028
Debt Instrument [Line Items]
Long-term debt	$ 226.1						$ 221.0
Interest rate of debt instrument	1.125%	1.125%	1.125%	1.125%
Aggregate principal amount \| SFr		SFr 210						SFr 210

Financing (Key Terms Of Euronotes Offering) (Details) - Senior notes - EUR (€) € in Millions	Apr. 08, 2020	Mar. 30, 2020	Jul. 03, 2020	Dec. 31, 2019
1.7% senior notes due 2024
Debt Instrument [Line Items]
Aggregate principal amount	€ 150.0	€ 750.0	€ 900.0	€ 0.0
Interest rate of debt instrument	1.70%	1.70%	1.70%
Redemption price, percent	100.298%	99.931%
2.1% senior notes due 2026
Debt Instrument [Line Items]
Aggregate principal amount	€ 300.0	€ 500.0	€ 800.0	0.0
Interest rate of debt instrument	2.10%	2.10%	2.10%
Redemption price, percent	100.842%	99.717%
2.5% senior notes due 2030
Debt Instrument [Line Items]
Aggregate principal amount	€ 300.0	€ 500.0	€ 800.0	€ 0.0
Interest rate of debt instrument	2.50%	2.50%	2.50%
Redemption price, percent	102.166%	99.642%

Hedging Transactions And Derivative Financial Instruments (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 03, 2020	Jun. 28, 2019	Jul. 03, 2020	Jun. 28, 2019
Derivative [Line Items]
Reclassification from AOCI, before tax	$ (166.2)	$ (6.1)	$ (38.2)	$ (13.2)
Cash flow hedge adjustments
Derivative [Line Items]
Reclassification from AOCI, before tax	(155.8)	0.0	(17.0)	0.0
Cash flow hedge adjustments \| Foreign currency contracts
Derivative [Line Items]
Reclassification from AOCI, before tax	(155.0)		(16.0)
Cash flow hedge adjustments \| Interest rate swap
Derivative [Line Items]
Reclassification from AOCI, before tax	1.0		1.0
Net investment hedging \| Foreign currency contracts
Derivative [Line Items]
Derivative, notional amount outstanding	$ 1,000.0	$ 1,000.0	$ 1,000.0	$ 1,000.0

Hedging Transactions And Derivative Financial Instruments (Summary of Notional Values and Pretax Impact in Fair Values of Net Investment Hedges) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 03, 2020	Jun. 28, 2019	Jul. 03, 2020	Jun. 28, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Derivative and nonderivative, original notional amount	$ 11,086.3	$ 11,054.2	$ 11,086.3	$ 11,054.2
Derivative and nonderivative, notional amount	10,211.3	10,179.2	10,211.3	10,179.2
Derivative and nonderivative, gain (loss) recognized in OCI	(569.2)	(157.9)	331.1	(5.3)
Net investment hedging \| Foreign currency contracts
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, original notional amount	1,875.0	1,875.0	1,875.0	1,875.0
Derivative, notional amount outstanding	1,000.0	1,000.0	1,000.0	1,000.0
Derivative, gain (loss) recognized in OCI	(25.6)	(19.5)	67.7	(4.7)
Net investment hedging \| Foreign currency denominated debt
Derivative Instruments, Gain (Loss) [Line Items]
Nonderivative, notional amount	5,211.3	8,329.2	5,211.3	8,329.2
Nonderivative, gain (loss) recognized in OCI	(189.3)	(129.5)	(33.1)	8.3
Cash flow hedging \| Foreign currency contracts
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, original notional amount	4,000.0		4,000.0
Derivative, notional amount outstanding	4,000.0		4,000.0
Derivative, gain (loss) recognized in OCI	$ (354.3)		$ 296.5
Cash flow hedging \| Interest rate swap
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, original notional amount		850.0		850.0
Derivative, notional amount outstanding		850.0		850.0
Derivative, gain (loss) recognized in OCI		$ (8.9)		$ (8.9)

Hedging Transactions And Derivative Financial Instruments (Derivative and Nonderivative Debt Instruments) (Details) - Net investment hedging - USD ($) $ in Millions	Jul. 03, 2020	Dec. 31, 2019
Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Derivative assets	$ 0.0	$ 25.7
Other long-term assets
Derivatives, Fair Value [Line Items]
Derivative assets	278.2	0.0
Accrued expenses and other liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	0.0	111.7
Long-term debt
Derivatives, Fair Value [Line Items]
Nonderivative hedging instruments	$ 5,211.3	$ 6,275.9

Defined Benefit Plans (Narrative) (Details) - Defined benefit pension plans $ in Millions	Jul. 03, 2020 USD ($)
U.S. pension benefits
Defined Benefit Plan Disclosure [Line Items]
Expected future employer contributions, current fiscal year	$ 85
Non-U.S. pension benefits
Defined Benefit Plan Disclosure [Line Items]
Expected future employer contributions, current fiscal year	$ 45

Defined Benefit Plans (Components of Net Periodic Benefit Cost of Defined Benefit Pension Pans) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 03, 2020	Jun. 28, 2019	Jul. 03, 2020	Jun. 28, 2019
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ (10.9)	$ (7.5)	$ (17.0)	$ (15.0)
Net periodic benefit (cost)	(5.8)	(2.5)	(6.6)	(4.9)
Defined benefit pension plans \| U.S. pension benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	0.0	(1.6)	0.0	(3.2)
Interest cost	(17.3)	(22.2)	(33.9)	(44.4)
Expected return on plan assets	30.5	31.6	59.6	63.2
Amortization of actuarial loss	(9.1)	(6.2)	(18.1)	(12.4)
Amortization of prior service (cost) credit	(0.3)	(0.3)	(0.5)	(0.5)
Net periodic benefit (cost)	3.8	1.3	7.1	2.7
Defined benefit pension plans \| Non-U.S. pension benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	(10.8)	(5.8)	(16.8)	(11.6)
Interest cost	(5.7)	(6.1)	(10.2)	(12.3)
Expected return on plan assets	8.9	10.1	17.8	20.2
Amortization of actuarial loss	(2.3)	(1.1)	(4.7)	(2.2)
Amortization of prior service (cost) credit	0.3	0.1	0.6	0.1
Curtailment gain recognized	0.4	0.0	0.4	0.0
Settlement loss recognized	0.0	(0.1)	0.0	(0.1)
Net periodic benefit (cost)	$ (9.2)	$ (2.9)	$ (12.9)	$ (5.9)

Defined Benefit Plans (Components of Net Periodic Benefit Cost of Other Postretirement Benefit Pension Pans) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 03, 2020	Jun. 28, 2019	Jul. 03, 2020	Jun. 28, 2019
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ (10.9)	$ (7.5)	$ (17.0)	$ (15.0)
Net periodic benefit (cost)	(5.8)	(2.5)	(6.6)	(4.9)
Other postretirement benefit plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	(0.1)	(0.1)	(0.2)	(0.2)
Interest cost	(0.9)	(1.3)	(1.7)	(2.5)
Amortization of prior service (cost) credit	0.6	0.5	1.1	1.0
Net periodic benefit (cost)	$ (0.4)	$ (0.9)	$ (0.8)	$ (1.7)

Defined Benefit Plans (Components of Net Periodic Benefit Cost Reflected in the Consolidated Condensed Statement of Earnings) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 03, 2020	Jun. 28, 2019	Jul. 03, 2020	Jun. 28, 2019
Defined Benefit Plan Disclosure [Line Items]
Total service cost	$ (10.9)	$ (7.5)	$ (17.0)	$ (15.0)
Other (expense) income, net	5.1	5.0	10.4	10.1
Net periodic benefit (cost)	(5.8)	(2.5)	(6.6)	(4.9)
Cost of sales
Defined Benefit Plan Disclosure [Line Items]
Total service cost	(2.8)	(2.2)	(4.3)	(4.2)
Selling, general and administrative expenses
Defined Benefit Plan Disclosure [Line Items]
Total service cost	$ (8.1)	$ (5.3)	$ (12.7)	$ (10.8)

Income Taxes (Narrative) (Details) $ / shares in Units, kr in Millions, $ in Millions		3 Months Ended		6 Months Ended		12 Months Ended	48 Months Ended
	Dec. 31, 2017	Jul. 03, 2020 USD ($)	Jun. 28, 2019 USD ($) $ / shares	Jul. 03, 2020 USD ($)	Jun. 28, 2019 USD ($) $ / shares	Dec. 21, 2017	Dec. 31, 2015 USD ($)	Dec. 16, 2019 DKK (kr)	Aug. 27, 2019 DKK (kr)	Dec. 10, 2013 DKK (kr)
Income Tax Examination [Line Items]
Federal statutory income tax rate, percent	21.00%	21.00%	21.00%	21.00%	21.00%	35.00%
Net tax benefits, impact, amount			$ 18		$ (227)
Net tax benefits, impact, per diluted share \| $ / shares			$ 0.02		$ (0.31)
Net tax benefits, impact, percent		4.50%	(2.20%)	1.70%	14.70%
Income tax examination, self-insurance programs, proposed adjustments to taxable income							$ 2,700
Foreign tax authority
Income Tax Examination [Line Items]
Income tax examination, amount of tax assessments 2004-2009		$ 277		$ 277						kr 1,800
Income tax examination, amount of tax assessments 2010-2012		162		162					kr 1,100
Income tax examination, amount of tax assessments 2013-2015		$ 114		$ 114				kr 753

Income Taxes (Summary Of Danaher's Effective Income Tax Rate) (Details)	3 Months Ended		6 Months Ended
	Jul. 03, 2020	Jun. 28, 2019	Jul. 03, 2020	Jun. 28, 2019
Income Tax Disclosure [Abstract]
Effective tax rate	24.00%	17.80%	21.20%	34.60%

Other Income (Expense), Net and Gain on Sale of Product Lines (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended		6 Months Ended		12 Months Ended
	Apr. 30, 2020	Jul. 03, 2020	Jun. 28, 2019	Jul. 03, 2020	Jun. 28, 2019	Dec. 31, 2019
Other Income and Expenses [Abstract]
Other nonoperating income, net pension and postretirement benefits		$ 5.0	$ 5.0	$ 10.0	$ 10.0
Unrealized loss on investments		$ (6.0)		$ (13.0)
Unrealized loss on investments, per diluted common share		$ (0.01)		$ (0.02)
Disposal group, product lines, revenues						$ 170.0
Proceeds from sale of product lines	$ 810.0			$ 809.8	0.0
Pretax gain on sale of product lines		$ 454.6	$ 0.0	454.6	$ 0.0
Gain on sale of product lines, net of tax		$ 305.0		$ 305.0
Gain on sale of product lines, net of tax, per diluted common share		$ 0.42		$ 0.42

Commitments And Contingencies (Narrative) (Details)	6 Months Ended
Commitments And Contingencies (Narrative) (Details)	Jul. 03, 2020
Maximum
Standard product warranty period	10 years

Commitments And Contingencies (Warranty Accrual) (Details) $ in Millions	6 Months Ended
	Jul. 03, 2020 USD ($)
Movement in Standard and Extended Product Warranty, Increase (Decrease) [Roll Forward]
Balance, beginning of period	$ 73.3
Accruals for warranties issued during the period	20.3
Settlements made	(17.8)
Adjustments due to acquisitions/divestitures	1.7
Effect of foreign currency translation	(0.7)
Balance, end of period	$ 76.8

Stock Transactions And Stock-Based Compensation (Narrative) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions				1 Months Ended	3 Months Ended		6 Months Ended
	Jul. 03, 2020	Dec. 31, 2019	Mar. 01, 2019	May 31, 2020	Jul. 03, 2020	Jun. 28, 2019	Jul. 03, 2020	Jun. 28, 2019	Jul. 16, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Authorized shares to be repurchased									20,000
Remaining number of shares authorized to be repurchased	20,000				20,000		20,000
Common stock, proceeds from issuance							$ 1,728.5	$ 1,443.2
Preferred stock, proceeds from the issuance							$ 1,668.1	$ 1,599.6
Common shares reserved for issuance under the 2007 Omnibus Incentive Plan, shares	54,000				54,000		54,000
RSU/PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost	$ 222.0				$ 222.0		$ 222.0
Weighted average period for cost to be recognized	2 years
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost	$ 199.0				$ 199.0		$ 199.0
Weighted average period for cost to be recognized	3 years
Common stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Issuance of stock				10,900
Common stock issued, price per share				$ 163.00
Common stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Issuance of stock			12,100		10,900	0	10,900	12,100
Common stock issued, price per share			$ 123.00
Common stock, proceeds from issuance			$ 1,400.0	$ 1,730.0
Payments of stock issuance costs			$ 45.0	54.0
Threshold consecutive trading days			20
Preferred stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Issuance of stock					1,700	0	1,700	1,700
Preferred stock \| Preferred stock series B
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Payments of stock issuance costs				$ 49.0
Preferred stock, shares issued	1,720	0		1,720	1,720		1,720
Preferred stock, dividend rate, percent	5.00%	0.00%		5.00%
Preferred stock, liquidation preference per share				$ 1,000
Preferred stock, proceeds from the issuance				$ 1,670.0
Preferred stock \| Preferred stock series A
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Payments of stock issuance costs			$ 50.0
Preferred stock, shares issued	1,650	1,650	1,650		1,650		1,650
Preferred stock, dividend rate, percent	4.75%	4.75%	4.75%
Preferred stock, liquidation preference per share			$ 1,000
Preferred stock, proceeds from the issuance			$ 1,600.0

Stock Transactions And Stock-Based Compensation (Summary of Share Activity) (Details) - shares shares in Millions		3 Months Ended		6 Months Ended
	Mar. 01, 2019	Jul. 03, 2020	Jun. 28, 2019	Jul. 03, 2020	Jun. 28, 2019
Preferred stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, beginning of period		1.7	1.7	1.7	0.0
Issuance of stock		1.7	0.0	1.7	1.7
Balance, end of period		3.4	1.7	3.4	1.7
Common stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, beginning of period		837.3	832.5	835.5	817.9
Common stock-based award activity		1.0	1.1	2.8	3.1
Common stock issued in connection with LYONs’ conversions		0.3	0.4	0.3	0.9
Issuance of stock	12.1	10.9	0.0	10.9	12.1
Balance, end of period		849.5	834.0	849.5	834.0

Stock Transactions And Stock-Based Compensation (Key Terms of Shares) (Details) - Preferred stock - $ / shares				1 Months Ended
	Jul. 03, 2020	Dec. 31, 2019	Mar. 01, 2019	May 31, 2020
Preferred stock series A
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Preferred stock, dividend rate, percent	4.75%	4.75%	4.75%
Preferred stock, liquidation preference per share			$ 1,000
Preferred stock series A \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Convertible Preferred Stock, Shares Issued upon Conversion	6.6549
Preferred stock series A \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Convertible Preferred Stock, Shares Issued upon Conversion	8.1522
Preferred stock series B
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Preferred stock, dividend rate, percent	5.00%	0.00%		5.00%
Preferred stock, liquidation preference per share				$ 1,000
Preferred stock series B \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Convertible Preferred Stock, Shares Issued upon Conversion				5.0081
Preferred stock series B \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Convertible Preferred Stock, Shares Issued upon Conversion				6.1349

Stock Transactions And Stock-Based Compensation (Components of Stock-Based Compensation Program) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 03, 2020	Jun. 28, 2019	Jul. 03, 2020	Jun. 28, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Pretax compensation expense	$ 46.6	$ 41.4	$ 91.8	$ 76.5
Income tax benefit	(9.4)	(8.4)	(18.7)	(15.7)
Total stock-based compensation expense, net of income taxes	37.2	33.0	73.1	60.8
RSU/PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Pretax compensation expense	28.0	24.9	55.6	46.6
Income tax benefit	(5.6)	(5.1)	(11.3)	(9.6)
Total stock-based compensation expense, net of income taxes	22.4	19.8	44.3	37.0
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Pretax compensation expense	18.6	16.5	36.2	29.9
Income tax benefit	(3.8)	(3.3)	(7.4)	(6.1)
Total stock-based compensation expense, net of income taxes	$ 14.8	$ 13.2	$ 28.8	$ 23.8

Net Earnings Per Common Share From Continuing Operations (Narrative) (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jul. 03, 2020	Jun. 28, 2019	Jul. 03, 2020	Jun. 28, 2019
Common stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	0.0	0.0	1.0	0.0
Preferred stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	17.0	12.0	15.0	8.0

Net Earnings Per Common Share From Continuing Operations (Components of Basic and Diluted Earnings per Share) (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions

3 Months Ended

6 Months Ended

Jul. 03, 2020

Jun. 28, 2019

Jul. 03, 2020

Jun. 28, 2019

Numerator

Net earnings from continuing operations

$ 927.3

$ 676.4

$ 1,522.4

$ 1,008.7

MCPS dividends

(34.6)

(22.7)

(54.2)

(29.2)

Net earnings from continuing operations attributable to common stockholders for Basis EPS

892.7

653.7

1,468.2

979.5

Adjustment for interest on convertible debentures

0.3

0.5

0.6

1.0

Net earnings from continuing operations attributable to common stockholders after assumed conversions for Diluted EPS

$ 893.0

$ 654.2

$ 1,468.8

$ 980.5

Denominator

Weighted average common shares outstanding used in Basic EPS

705.1

717.6

701.1

712.6

Assumed exercise of dilutive options and vesting of dilutive RSUs and PSUs

12.0

8.8

10.8

8.8

Assumed conversion of the convertible debentures

1.1

1.5

1.2

1.8

Weighted average common shares outstanding used in Diluted EPS

718.2

727.9

713.1

723.2

Basic EPS from continuing operations

$ 1.27

$ 0.91

$ 2.09

^[1]

$ 1.37

Diluted EPS from continuing operations

$ 1.24

$ 0.90

$ 2.06

^[1]

$ 1.36

[1]	Net earnings per common share amounts for the relevant three-month periods do not add to the six-month period amounts due to rounding.

Segment Information (Narrative) (Details)	6 Months Ended
Segment Information (Narrative) (Details)	Jul. 03, 2020 Business
Segment Reporting [Abstract]
Number of segments reported	3

Segment Information (Segment Results) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 03, 2020	Jun. 28, 2019	Jul. 03, 2020	Jun. 28, 2019	Dec. 31, 2019
Segment Reporting Information [Line Items]
Sales	$ 5,297.4	$ 4,444.5	$ 9,640.5	$ 8,664.7
Operating profit	844.6	811.7	1,542.1	1,531.4
Identifiable assets	71,268.4		71,268.4		$ 62,081.6
Other
Segment Reporting Information [Line Items]
Operating profit	(83.0)	(75.4)	(202.2)	(142.4)
Identifiable assets	5,872.5		5,872.5		20,376.3
Life Sciences \| Operating segments
Segment Reporting Information [Line Items]
Sales	2,642.4	1,712.6	4,292.8	3,339.5
Operating profit	412.4	344.0	738.0	653.0
Identifiable assets	46,017.5		46,017.5		22,381.3
Diagnostics \| Operating segments
Segment Reporting Information [Line Items]
Sales	1,660.2	1,618.3	3,287.2	3,155.1
Operating profit	293.2	282.9	544.4	516.0
Identifiable assets	14,587.0		14,587.0		14,442.2
Environmental & Applied Solutions \| Operating segments
Segment Reporting Information [Line Items]
Sales	994.8	1,113.6	2,060.5	2,170.1
Operating profit	222.0	$ 260.2	461.9	$ 504.8
Identifiable assets	$ 4,791.4		$ 4,791.4		$ 4,881.8

- Definition

Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

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+ Details

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

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Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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