Activity related to Envista Holdings Corporation, net

[Table of Contents](#ia72a687f7b8a4bb1b43219ab5b663314_7)DANAHER CORPORATION AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY ($ in millions)

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Year Ended December 31 |
|  | 2021 |  | 2020 |  | 2019 |
| Preferred stock: |  |  |  |  |  |
| Balance, beginning of period | $ | 3,268  |  |  | $ | 1,600  |  |  | $ | —  |  |
| Issuance of Mandatory Convertible Preferred Stock  | —  |  |  | 1,668  |  |  | 1,600  |  |
| Balance, end of period | $ | 3,268  |  |  | $ | 3,268  |  |  | $ | 1,600  |  |
| Common stock: |  |  |  |  |  |
| Balance, beginning of period | $ | 9  |  |  | $ | 8  |  |  | $ | 8  |  |
| Common stock-based award activity  | —  |  |  | 1  |  |  | —  |  |
|  |  |  |  |  |  |
| Balance, end of period | $ | 9  |  |  | $ | 9  |  |  | $ | 8  |  |
| Additional paid-in capital: |  |  |  |  |  |
| Balance, beginning of period | $ | 9,698  |  |  | $ | 7,565  |  |  | $ | 5,834  |  |
| Common stock-based award activity  | 335  |  |  | 351  |  |  | 315  |  |
| Common stock issued in connection with acquisitions | 23  |  |  | —  |  |  | —  |  |
| Common stock issued in connection with LYONs’ conversions | 34  |  |  | 53  |  |  | 33  |  |
| Issuance of common stock  | —  |  |  | 1,729  |  |  | 1,443  |  |
|  |  |  |  |  |  |
| Sale of Envista Holdings Corporation common stock | —  |  |  | —  |  |  | (60) |  |
| Balance, end of period | $ | 10,090  |  |  | $ | 9,698  |  |  | $ | 7,565  |  |
| Retained earnings: |  |  |  |  |  |
| Balance, beginning of period | $ | 27,159  |  |  | $ | 24,166  |  |  | $ | 25,162  |  |
| Adoption of accounting standards | —  |  |  | (8) |  |  | —  |  |
| Net earnings | 6,433  |  |  | 3,646  |  |  | 3,008  |  |
| Common stock dividends declared | (601) |  |  | (509) |  |  | (484) |  |
| Mandatory Convertible Preferred Stock dividends declared | (164) |  |  | (136) |  |  | (68) |  |
| Tendered common stock in exchange offer for Envista Holdings Corporation common stock | —  |  |  | —  |  |  | (3,452) |  |
| Balance, end of period | $ | 32,827  |  |  | $ | 27,159  |  |  | $ | 24,166  |  |
| Accumulated other comprehensive income (loss): |  |  |  |  |  |
| Balance, beginning of period | $ | (368) |  |  | $ | (3,068) |  |  | $ | (2,791) |  |
|  |  |  |  |  |  |
| Other comprehensive income (loss) | (659) |  |  | 2,700  |  |  | (277) |  |
| Balance, end of period | $ | (1,027) |  |  | $ | (368) |  |  | $ | (3,068) |  |
| Noncontrolling interests: |  |  |  |  |  |
| Balance, beginning of period | $ | 11  |  |  | $ | 11  |  |  | $ | 12  |  |
| Activity related to Envista Holdings Corporation, net | —  |  |  | —  |  |  | (3) |  |
| Change in noncontrolling interests | (1) |  |  | —  |  |  | 2  |  |
| Balance, end of period | $ | 10  |  |  | $ | 11  |  |  | $ | 11  |  |
| Total stockholders’ equity, end of period | $ | 45,177  |  |  | $ | 39,777  |  |  | $ | 30,282  |  |

See the accompanying Notes to the Consolidated Financial Statements.65
