Company: TDY
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0001094285-25-000131
Chunk: 88

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 8
Chunk 88
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Accounts receivable is presented net of an allowance for estimated credit losses of $14.5 million at June 29, 2025 and $15.5 million at December 29, 2024. Inventories, NetInventories are stated at the lower of cost or net realizable value and primarily valued on an average cost or first-in, first-out method.  Inventory adjustments are recorded when inventory is considered to be excess or obsolete based upon an analysis of actual on-hand quantities on a part-level basis to forecasted product demand and historical usage.  Inventory balances are summarized as follows (in millions):Balance atJune 29, 2025December 29, 2024Raw materials and supplies$617.5 $559.2 Work in process246.2 190.4 Finished goods183.3 164.8 Total inventories, net$1,047.0 $914.4 

14

Product Warranty CostsSome of the Company’s products are subject to specified warranties, and the Company provides for the estimated cost of product warranties.  The adequacy of the warranty reserve is assessed regularly, and the reserve is adjusted as necessary based on a review of historical warranty experience with respect to the applicable business or products, as well as the length and actual terms of the warranties.  The warranty reserve is included in current accrued liabilities and other long-term liabilities on the condensed consolidated balance sheet. Six MonthsWarranty Reserve (in millions):20252024Balance at beginning of year$50.2 $49.1 Product warranty expense 13.9 13.7 Deductions(8.0)(14.9)Acquisition 0.4 0.4 Balance at end of period$56.5 $48.3 

Note 7. Long-Term Debt

Balance atLong-Term Debt (in millions):June 29, 2025December 29, 2024$1.20 billion credit facility due June 2029$— $— 1.60% Fixed Rate Senior Notes due April 2026450.0 450.0 2.25% Fixed Rate Senior Notes due April 2028700.0 700.0 2.50% Fixed Rate Senior Notes due August 2030485.0 485.0 2.75% Fixed Rate Senior Notes due April 2031996.7 1,030.0 Other debt1.