Company: TDY
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0001094285-25-000140
Chunk: 95

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-10-24
Form: 10-Q
Item: Part I, Item 8
Chunk 95
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 share was not material. Stock RepurchasesIn July 2025, the Company’s Board of Directors approved a stock repurchase program authorizing the Company to repurchase up to $2.0 billion of Teledyne’s common stock.  This authorization superseded the remaining prior open stock repurchase programs authorized by the Board of Directors.  The newly authorized stock repurchase program does not have a stated expiration date.  Shares may be repurchased from time to time in open-market transactions at prevailing market prices, in privately negotiated transactions or via an accelerated stock repurchase program.  Shares could be repurchased in a plan pursuant to Rule 10b5-1 of the Securities Exchange Act of 1934.  The repurchase program is expected to remain open continuously, and the number of shares purchased will depend on a variety of factors such as share price, levels of cash available, acquisitions and alternative investment opportunities available immediately or longer-term, and other regulatory, market or economic conditions.  The Company currently intends to fund future share repurchases, if any, with cash on hand and available borrowings under the Company’s credit facility.  No repurchases under any authorizations were made in the third quarter and first nine months of 2025.

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Note 12. Accumulated Other Comprehensive Income (Loss)

The changes in accumulated other comprehensive income (loss) (“AOCI”) by component, net of tax, as applicable, for the third quarter and nine months ended September 28, 2025, and September 29, 2024, are as follows (in millions):Foreign Currency TranslationCash Flow HedgesPension and Postretirement BenefitsTotalBalance at June 29, 2025$(227.1)$1.6 $(232.2)$(457.7)   Other comprehensive income (loss) before reclassifications(40.5)(0.8)— (41.3)   Amounts reclassified from AOCI— (0.5)2.3 1.8 Net other comprehensive income (loss)(40.5)(1.3)2.3 (39.5)Balance at September 28, 2025$(267.6)$0.3 $(229.9)$(497.2)Foreign Currency TranslationCash Flow HedgesPension and Postretirement BenefitsTotalBalance at June 30, 2024$(487.3)$1.7 $(245.4)$(731.0