Danaher 2011 Annual Report Download - page 92

Table of Contents
The following table sets forth benefit payments, which reflect expected future service, as appropriate, expected to be paid by the plans in the periods indicated
($ in millions):







2012 $168.9 $44.3 $213.2
2013 161.1 44.1 205.2
2014 161.6 42.7 204.3
2015 165.9 45.3 211.2
2016 159.0 46.3 205.3
2017-2021 830.5 246.7 1,077.2

Substantially all employees not covered by defined benefit plans are covered by defined contribution plans, which generally provide for Company funding
based on a percentage of compensation.
A limited number of the Company’s subsidiaries participate in multiemployer defined benefit and contribution plans, primarily outside of the United States,
that require the Company to periodically contribute funds to the plan. The risks of participating in a multiemployer plan compared to a single-employer plan
differ in the following respects: (1) assets contributed to the multiemployer plan by one employer may be used to provide benefits to employees of other
participating employers, (2) if a participating employer ceases contributing to the plan, the unfunded obligations of the plan may be required to be borne by the
remaining participating employers, and (3) if the Company elects to stop participating in the plan, the Company may be required to pay the plan an amount
based on the unfunded status of the plan. None of the multiemployer plans in which the Company’s subsidiaries participate are considered to be quantitatively
or qualitatively significant, either individually or in the aggregate. In addition, contributions made to these plans during 2011, 2010 and 2009 were not
considered significant, either individually or in the aggregate.
Expense for all defined benefit and defined contribution pension plans amounted to $166 million, $126 million and, $109 million for the years ended
December 31, 2011, 2010 and 2009, respectively.
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Source: DANAHER CORP /DE/, 10-K, February 24, 2012 Powered by Morningstar® Document Research℠
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