Company: TDY
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0001094285-25-000131
Chunk: 85

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 8
Chunk 85
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 million of favorable operating income compared with $2.1 million of favorable operating income in the first six months of 2024.  None of the effects of changes in estimates on any individual contract were material to the condensed consolidated statements of income (loss) for any period presented.

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Note 5. Goodwill and Acquired Intangible Assets

GoodwillThe carrying value of goodwill by segment was as follows (in millions):Digital Imaging InstrumentationAerospace and Defense ElectronicsEngineered SystemsTotalBalance at December 29, 2024$6,854.6 $955.3 $163.0 $17.6 $7,990.5 Current year acquisitions— — 456.0 — 456.0 Foreign currency changes and other165.0 33.1 31.2 — 229.3 Balance at June 29, 2025$7,019.6 $988.4 $650.2 $17.6 $8,675.8 Acquired intangible assetsAcquired intangible assets consisted of the following (in millions):June 29, 2025December 29, 2024Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying AmountProprietary technology$1,876.6 $925.0 $951.6 $1,665.5 $796.6 $868.9 Customer list/relationships675.1 284.7 390.4 599.3 252.9 346.4 Patents0.6 0.6 — 0.6 0.6 — Non-compete agreements0.9 0.9 — 0.9 0.9 — Trademarks50.1 11.3 38.8 12.2 7.7 4.5 Backlog16.6 16.6 — 16.0 16.0 — Total intangibles subject to amortization2,619.9 1,239.1 1,380.8 2,294.5 1,074.7 1,219.8 Intangibles not subject to amortization:Trademarks793.8 — 793.8 793.1 — 793