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, 2011 and the Notes thereto included in the Company’s 2011 Annual Report on Form 10-K.

In the opinion of the registrant, 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 June 29, 2012 and December 31, 2011, and its results of operations for the three and six months ended June 29, 2012 and July 1, 2011 and its cash flows for the six months then ended. Refer to Note 3 for a discussion of the impact on the financial statement presentation resulting from the Company’s sale of its Pacific Scientific Aerospace (“PSA”), Accu-Sort (“ASI”) and Kollmorgen Electro-Optical (“KEO”) businesses.

Other Comprehensive Income - The components of other comprehensive income presented on a pre-tax basis and the associated income tax impact for the three and six month periods ended June 29, 2012 and July 1, 2011 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 postretirement plan benefits			Unrealized gain on available-for- sale securities			Total other comprehensive income (loss)
For the Three Months Ended June 29, 2012:
Before income tax amount	$	(256.1	)	$	9.2		$	33.3		$	(213.6	)
Income tax expense	—			(3.4		)	(12.5		)	(15.9		)
Net of income tax amount	$	(256.1	)	$	5.8		$	20.8		$	(229.5	)

For the Three Months Ended July 1, 2011:
Before income tax amount	$	112.7		$	7.4		$	28.0		$	148.1
Income tax expense	—			(2.6		)	(9.7		)	(12.3		)
Net of income tax amount	$	112.7		$	4.8		$	18.3		$	135.8

For the Six Months Ended June 29, 2012:
Before income tax amount	$	(100.1	)	$	20.3		$	78.6		$	(1.2	)
Income tax expense	—			(7.4		)	(29.5		)	(36.9		)
Net of income tax amount	$	(100.1	)	$	12.9		$	49.1		$	(38.1	)

For the Six Months Ended July 1, 2011:
Before income tax amount	$	365.7		$	14.8		$	41.1		$	421.6
Income tax expense	—			(5.2		)	(14.4		)	(19.6		)
Net of income tax amount	$	365.7		$	9.6		$	26.7		$	402.0