DHR · 10-Q · 2026Q2 · Full report

Supply Chain Tariff Impact

DANAHER CORP /DE/ · 2026-07-21 · Importance 47 · Surprise 60 · In source text

In February 2026, the U.S. Supreme Court ruled that the International Emergency Economic Powers Act (IEEPA) did not authorize certain tariffs imposed by the U.S. administration. On March 4, 2026, the U.S. Court of International Trade ordered U.S. Customs and Border Protection to process refunds, and CBP began accepting applications for refunds on certain IEEPA tariffs. Danaher intends to pursue eligible refunds and expects to recognize earnings for refunds received after the second quarter of 2026, net of amounts owed to customers. Tariffs enacted in 2025 and the first half of 2026, and related refunds, did not materially affect the business or financial statements through the second quarter, while the impact of replacement tariffs and refund timing remains uncertain.

Key facts

• On March 4, 2026, the U.S. Court of International Trade ordered CBP to process refunds of the IEEPA tariffs and CBP has begun accepting and processing applications for refunds on certain IEEPA tariffs. source
• The administration implemented new tariffs under alternative statutory authority in response to the U.S. Supreme Court ruling. source
• The Company intends to pursue any refunds to which it is entitled related to the IEEPA tariffs. source
• In February 2026, the U.S. Supreme Court ruled that the International Emergency Economic Powers Act (IEEPA) does not authorize the imposition of certain tariffs. source
• The tariffs enacted in 2025 and in the first half of 2026 and related refunds did not have a material impact on the Company’s business or financial statements in the periods presented. source

Impact estimates