GENERAL

The consolidated condensed financial statements included herein have been prepared by Danaher Corporation (the “Company”) without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to such rules and regulations; however, the Company believes that the disclosures are adequate to make the information presented not misleading. The condensed financial statements included herein should be read in conjunction with the financial statements as of and for the year ended December 31, 2013 and the Notes thereto included in the Company’s 2013 Annual Report on Form 10-K.

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 March 28, 2014 and December 31, 2013, and its results of operations and cash flows for the three months ended March 28, 2014 and March 29, 2013.

Accumulated Other Comprehensive Income (Loss) - The changes in accumulated other comprehensive income (loss) by component are summarized below ($ in millions). Foreign currency translation adjustments are generally not adjusted for income taxes as they relate to indefinite investments in non-U.S. subsidiaries.



	Foreign Currency Translation Adjustments			Pension and Post-Retirement Plan Benefit Adjustments				Unrealized Gain on Available-For- Sale Securities			Total
For the Three Months Ended March 28, 2014:
Balance, December 31, 2013	$	413.2		$	(366.7	)		$	168.0		$	214.5
Other comprehensive income (loss) before reclassifications:
Increase (decrease)	(7.2		)	(5.5		)		19.6			6.9
Income tax benefit (expense)	—			1.1				(7.3		)	(6.2		)
Other comprehensive income (loss) before reclassifications, net of income taxes	(7.2		)	(4.4		)		12.3			0.7
Amounts reclassified from accumulated other comprehensive income (loss):
Increase (decrease)	—			5.3			(1)	—			5.3
Income tax expense	—			(1.9		)		—			(1.9		)
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes	—			3.4				—			3.4
Net current period other comprehensive income, net of income taxes	(7.2		)	(1.0		)		12.3			4.1
Balance, March 28, 2014	$	406.0		$	(367.7	)		$	180.3		$	218.6

(1) This accumulated other comprehensive income (loss) component is included in the computation of net periodic pension cost (refer to Note 7 for additional details).



	Foreign Currency Translation Adjustments			Pension and Post-Retirement Plan Benefit Adjustments				Unrealized Gain on Available-For- Sale Securities			Total
For the Three Months Ended March 29, 2013:
Balance, December 31, 2012	$	475.3		$	(655.7	)		$	121.2		$	(59.2	)
Other comprehensive income (loss) before reclassifications:
Increase (decrease)	(256.5		)	—				67.5			(189.0		)
Income tax expense	—			—				(25.3		)	(25.3		)
Other comprehensive income (loss) before reclassifications, net of income taxes	(256.5		)	—				42.2			(214.3		)
Amounts reclassified from accumulated other comprehensive income (loss):
Increase (decrease)	—			8.3			(1)	—			8.3
Income tax expense	—			(2.8		)		—			(2.8		)
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes	—			5.5				—			5.5
Net current period other comprehensive income (loss), net of income taxes	(256.5		)	5.5				42.2			(208.8		)
Balance, March 29, 2013	$	218.8		$	(650.2	)		$	163.4		$	(268.0	)

(1) This accumulated other comprehensive income (loss) component is included in the computation of net periodic pension cost (refer to Note 7 for additional details).