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. 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, 2014 and the Notes thereto included in the Company’s 2014 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 July 3, 2015 and December 31, 2014, and its results of operations for the three and six months ended July 3, 2015 and June 27, 2014 and its cash flows for each of the six month periods then ended.

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 July 3, 2015:
Balance, April 3, 2015	$	(1,501.6	)	$	(720.8	)		$	114.5		$	(2,107.9	)
Other comprehensive income (loss) before reclassifications:
Increase	44.8			—				38.3			83.1
Income tax impact	—			—				(14.4		)	(14.4		)
Other comprehensive income (loss) before reclassifications, net of income taxes	44.8			—				23.9			68.7
Amounts reclassified from accumulated other comprehensive income (loss):
Increase	—			10.4			(1)	—			10.4
Income tax impact	—			(3.3		)		—			(3.3		)
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes	—			7.1				—			7.1
Net current period other comprehensive income (loss), net of income taxes	44.8			7.1				23.9			75.8
Balance, July 3, 2015	$	(1,456.8	)	$	(713.7	)		$	138.4		$	(2,032.1	)

⁽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 June 27, 2014:
Balance, March 28, 2014	$	406.0		$	(367.7	)		$	180.3			$	218.6
Other comprehensive income (loss) before reclassifications:
Increase	59.1			—				58.7				117.8
Income tax impact	—			—				(22.1		)		(22.1		)
Other comprehensive income (loss) before reclassifications, net of income taxes	59.1			—				36.6				95.7
Amounts reclassified from accumulated other comprehensive income (loss):
Increase (decrease)	—			5.4			(1)	(19.2		)	(2)	(13.8		)
Income tax impact	—			(1.9		)		7.2				5.3
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes	—			3.5				(12.0		)		(8.5		)
Net current period other comprehensive income (loss), net of income taxes	59.1			3.5				24.6				87.2
Balance, June 27, 2014	$	465.1		$	(364.2	)		$	204.9			$	305.8
For the Six Months Ended July 3, 2015:
Balance, December 31, 2014	$	(821.8	)	$	(727.8	)		$	115.9			$	(1,433.7	)
Other comprehensive income (loss) before reclassifications:
(Decrease) increase	(635.0		)	—				36.0				(599.0		)
Income tax impact	—			—				(13.5		)		(13.5		)
Other comprehensive income (loss) before reclassifications, net of income taxes	(635.0		)	—				22.5				(612.5		)
Amounts reclassified from accumulated other comprehensive income (loss):
Increase	—			20.7			(1)	—				20.7
Income tax impact	—			(6.6		)		—				(6.6		)
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes	—			14.1				—				14.1
Net current period other comprehensive income (loss), net of income taxes	(635.0		)	14.1				22.5				(598.4		)
Balance, July 3, 2015	$	(1,456.8	)	$	(713.7	)		$	138.4			$	(2,032.1	)
For the Six Months Ended June 27, 2014:
Balance, December 31, 2013	$	413.2		$	(366.7	)		$	168.0			$	214.5
Other comprehensive income (loss) before reclassifications:
Increase (decrease)	51.9			(5.5		)		78.3				124.7
Income tax impact	—			1.1				(29.4		)		(28.3		)
Other comprehensive income (loss) before reclassifications, net of income taxes	51.9			(4.4		)		48.9				96.4
Amounts reclassified from accumulated other comprehensive income (loss):
Increase (decrease)	—			10.7			(1)	(19.2		)	(2)	(8.5		)
Income tax impact	—			(3.8		)		7.2				3.4
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes	—			6.9				(12.0		)		(5.1		)
Net current period other comprehensive income (loss), net of income taxes	51.9			2.5				36.9				91.3
Balance, June 27, 2014	$	465.1		$	(364.2	)		$	204.9			$	305.8

⁽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). ⁽²⁾ Included in other income in the accompanying Consolidated Condensed Statement of Earnings.

New Accounting Standards - In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers (Topic 606), which impacts virtually all aspects of an entity's revenue recognition. The core principle of the new standard is that revenue should be recognized to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. On July 9, 2015, the FASB deferred the effective date of the standard by one year which results in the new standard being effective for the Company at the beginning of its first quarter of fiscal year 2018. Management has not yet completed its assessment of the impact of the new standard, including possible transition alternatives, on the Company's financial statements.