1. Danaher Corporation
Supplemental Reconciliation of Earnings
Three and Nine Months Ended September 30, 2005
Three Months Ended Nine Months Ended
September 30, October 1, September October 1,
2005 2004 % Change 30, 2005 2004 % Change
Net earnings before unusual items $ 230,663 $ 197,891 16.6% $ 634,519 $ 523,956 21.1%
Included in gains (losses) on sales of real estate
and other assets, net:
Pre-tax loss on operations of disposed SED
business (1,300) - (1,300) -
Pre-tax loss on impairment of minority
investment (5,085) - (5,085) -
Pre-tax gain on sale of shares of Leica
Geosystems 1,808 - 1,808 -
Pre-tax gain on retained debt and equity
interest on previously sold business - - 5,270 -
Pre-tax gain on sale of business - - 4,571 -
Other pre-tax gains (loss) on sale of real
estate & other non-operational assets - 4,054 4,070 6,100
(4,577) 4,054 9,334 6,100
Included in interest income:
Pre-tax interest benefit on interest collected
related to retained debt interest - - 4,600 -
Income Tax Impact:
Income tax impact on above gains (losses) 1,244 (1,152) (3,847) (1,786)
Reduction in effective tax rate (27.5% to
27.0% for current quarter) 1,491 - 1,491 -
Net earnings per GAAP $ 228,821 $ 200,793 14.0% $ 646,097 $ 528,270 22.3%