Company: TDY
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001094285-25-000053
Chunk: 259

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 259
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 borrowing capacity under the $1.20 billion credit facility, which is reduced by borrowings and $29.3 million in outstanding letters of credit, was $1,170.7 million at December 29, 2024.  

See Note 8 for additional information regarding our credit facility and long-term debt.

Contractual Obligations

The following table summarizes our expected cash outflows resulting from financial contracts and commitments at December 29, 2024:Contractual obligations (in millions):20252026202720282029After 2030TotalDebt obligations$0.4 $450.1 $— $700.1 $0.1 $1,515.5 $2,666.2 Interest expense (a)64.9 59.5 57.7 45.9 41.2 43.5 312.7 Operating lease obligations (b)37.6 31.2 26.3 18.9 14.2 31.6 159.8 Purchase obligations (c)406.7 9.8 2.3 0.9 0.8 1.8 422.3 Total$509.6 $550.6 $86.3 $765.8 $56.3 $1,592.4 $3,561.0 

(a)  Interest expense related to the credit facility, including facility fees, is assumed to accrue at the rates in effect at year-end 2023 and is assumed to be paid at the end of each quarter with the final payment in June 2029 when the credit facility expires.

(b)  Includes imputed interest and the short-term portion of lease obligations.

(c)  Purchase obligations generally include contractual obligations for the purchase of goods and services and capital commitments that are enforceable and legally binding on us and that specifies all significant terms, including: fixed or minimum quantities to be purchased; fixed, minimum, or variable price provisions; and the approximate timing of the transaction.

Unrecognized tax benefits of $45.2 million and accrued interest and penalties on these tax matters of $8.5 million are not included in the table above.  These unrecognized tax benefits, accrued interest and penalties are not included in the table above because $25.7 million is offset by deferred tax assets, and the remainder cannot be reasonably estimated to be settled in cash due to a lack of prior settlement