Dental Initial Public Offering

6 Months Ended

Jun. 28, 2019

Discontinued Operations and Disposal Groups [Abstract]

Dental Initial Public Offering

ENVISTA INITIAL PUBLIC OFFERING

In July 2018, the Company announced its intention to spin-off its Dental business into a separate publicly-traded company, Envista Holdings Corporation (“Envista”). On February 25, 2019, in connection with the announcement of the GE Biopharma Acquisition, the Company also announced a modification of its plans with respect to Envista, specifically that it now intends to conduct an initial public offering of Envista shares (the “Envista IPO”) in the second half of 2019, subject to the satisfaction of certain conditions, including obtaining final approval from the Danaher Board of Directors, favorable rulings from the Internal Revenue Service (“IRS”) and other regulatory approvals. All assets, liabilities, revenues and expenses of Envista are included in continuing operations of the Company in these Consolidated Condensed Financial Statements.

Subsequent to the anticipated Envista IPO, the Company currently intends to distribute to our shareholders all or a portion of the Company’s remaining equity interest in Envista, which may include the spin-off of Envista shares effected as a dividend to all of the Company’s shareholders, the split-off of Envista shares in exchange for Danaher shares or other securities, or any combination thereof in one transaction or in a series of transactions (collectively, “the Distribution”). While the Company currently intends to effect the Distribution, the Company has no obligation to pursue or consummate any further dispositions of Danaher’s ownership in Envista, including through the Distribution, by any specified date or at all. If pursued, the Distribution may be subject to various conditions, including receipt of any necessary regulatory or other approvals, the existence of satisfactory market conditions, and the receipt of an opinion of counsel to the effect that the separation of Envista in connection with the IPO, together with such Distribution, will be tax-free to the Company and the Company’s shareholders for U.S. federal income tax purposes. The conditions to the Distribution may not be satisfied; the Company may decide not to consummate the

Distribution even if the conditions are satisfied; or the Company may decide to waive one or more of these conditions and consummate the Distribution even if all of the conditions are not satisfied. The Company cannot assure whether or when any such transaction will be consummated or as to the final terms of any such transaction.