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General
 9 Months Ended
Oct. 02, 2015
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. 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 October 2, 2015 and December 31, 2014, and its results of operations for the three and nine months ended October 2, 2015 and September 26, 2014 and its cash flows for each of the nine 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 (Loss) on Available-For-Sale Securities
 
Total
For the Three Months Ended October 2, 2015:
 
 
 
 
 
 
 
Balance, July 3, 2015
$
(1,456.8
)
 
$
(713.7
)
 
$
138.4

 
$
(2,032.1
)
Other comprehensive income (loss) before reclassifications:
 
 
 
 
 
 
 
(Decrease) increase
(158.7
)
 
12.4

 
(30.6
)
 
(176.9
)
Income tax impact
—

 
(2.8
)
 
11.5

 
8.7

Other comprehensive (loss) income before reclassifications, net of income taxes
(158.7
)
 
9.6

 
(19.1
)
 
(168.2
)
Amounts reclassified from accumulated other comprehensive income (loss):
 
 
 
 
 
 
 
Increase (decrease)
—

 
13.1

(1)
(12.4
)
(2)
0.7

Income tax impact
—

 
(4.0
)
 
4.6

 
0.6

Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes
—

 
9.1

 
(7.8
)
 
1.3

Net current period other comprehensive (loss) income, net of income taxes
(158.7
)
 
18.7

 
(26.9
)
 
(166.9
)
Balance, October 2, 2015
$
(1,615.5
)
 
$
(695.0
)
 
$
111.5

 
$
(2,199.0
)
 
 
 
 
 
 
 
 
(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).
(2)  Included in other income in the accompanying Consolidated Condensed Statement of Earnings. Refer to Note 10 for additional details.
 
Foreign Currency Translation Adjustments
 
Pension and Post-Retirement Plan Benefit Adjustments
 
Unrealized Gain (Loss) on Available-For-Sale Securities
 
Total
For the Three Months Ended September 26, 2014:
 
 
 
 
 
 
 
Balance, June 27, 2014
$
465.1

 
$
(364.2
)
 
$
204.9

 
$
305.8

Other comprehensive income (loss) before reclassifications:
 
 
 
 
 
 
 
Decrease
(670.5
)
 
—

 
(26.0
)
 
(696.5
)
Income tax impact
—

 
—

 
9.8

 
9.8

Other comprehensive loss before reclassifications, net of income taxes
(670.5
)
 
—

 
(16.2
)
 
(686.7
)
Amounts reclassified from accumulated other comprehensive income (loss):
 
 
 
 
 
 

Increase (decrease)
—

 
6.0

(1)
(4.3
)
(2)
1.7

Income tax impact
—

 
(2.2
)
 
1.6

 
(0.6
)
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes
—

 
3.8

 
(2.7
)
 
1.1

Net current period other comprehensive (loss) income, net of income taxes
(670.5
)
 
3.8

 
(18.9
)
 
(685.6
)
Balance, September 26, 2014
$
(205.4
)
 
$
(360.4
)
 
$
186.0

 
$
(379.8
)
For the Nine Months Ended October 2, 2015:
 
 
 
 
 
 
 
Balance, December 31, 2014
$
(821.8
)
 
$
(727.8
)
 
$
115.9

 
$
(1,433.7
)
Other comprehensive income (loss) before reclassifications:
 
 
 
 
 
 
 
(Decrease) increase
(793.7
)
 
12.4

 
5.4

 
(775.9
)
Income tax impact
—

 
(2.8
)
 
(2.0
)
 
(4.8
)
Other comprehensive (loss) income before reclassifications, net of income taxes
(793.7
)
 
9.6

 
3.4

 
(780.7
)
Amounts reclassified from accumulated other comprehensive income (loss):
 
 
 
 
 
 
 
Increase (decrease)
—

 
33.8

(1)
(12.4
)
(2)
21.4

Income tax impact
—

 
(10.6
)
 
4.6

 
(6.0
)
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes
—

 
23.2

 
(7.8
)
 
15.4

Net current period other comprehensive (loss) income, net of income taxes
(793.7
)
 
32.8

 
(4.4
)
 
(765.3
)
Balance, October 2, 2015
$
(1,615.5
)
 
$
(695.0
)
 
$
111.5

 
$
(2,199.0
)
For the Nine Months Ended September 26, 2014:
 
 
 
 
 
 
 
Balance, December 31, 2013
$
413.2

 
$
(366.7
)
 
$
168.0

 
$
214.5

Other comprehensive income (loss) before reclassifications:
 
 
 
 
 
 
 
(Decrease) increase
(618.6
)
 
(5.5
)
 
52.3

 
(571.8
)
Income tax impact
—

 
1.1

 
(19.6
)
 
(18.5
)
Other comprehensive (loss) income before reclassifications, net of income taxes
(618.6
)
 
(4.4
)
 
32.7

 
(590.3
)
Amounts reclassified from accumulated other comprehensive income (loss):
 
 
 
 
 
 
 
Increase (decrease)
—

 
16.7

(1)
(23.5
)
(2)
(6.8
)
Income tax impact
—

 
(6.0
)
 
8.8

 
2.8

Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes
—

 
10.7

 
(14.7
)
 
(4.0
)
Net current period other comprehensive (loss) income, net of income taxes
(618.6
)
 
6.3

 
18.0

 
(594.3
)
Balance, September 26, 2014
$
(205.4
)
 
$
(360.4
)
 
$
186.0

 
$
(379.8
)
 
 
 
 
 
 
 
 
(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. Refer to Note 10 for additional details.
New Accounting Standards - In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2015-03, Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. This ASU requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The ASU is effective for annual and interim periods beginning after December 15, 2015 but the Company has chosen to early adopt the standard and has applied the guidance to all 2015 debt issuances. The Company did not retrospectively apply this guidance to debt offerings prior to 2015 as the impact to the financial statements was not material.
In May 2014, the FASB issued 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.