Company: TDY
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001094285-25-000053
Chunk: 105

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 15
Chunk 105
---
 net plan assets - end of year$722.3 $740.4 $35.1 $38.6 

72

The following tables sets forth the funded status and amounts recognized in the consolidated balance sheets at year-end 2024 and 2023 for the domestic qualified and nonqualified pension plans and the foreign-based pension plans for benefits provided to certain employees (in millions): Domestic Foreign  2024202320242023Funded (unfunded) status$181.1 $156.3 $(11.6)$(12.9)     Amounts recognized in the consolidated balance sheets as a debit (credit):    Balance sheet itemBalance sheet locationPrepaid pension assetsPrepaid pension assets - non-current$227.6 $203.3 $— $— Accrued pension obligations short-termAccrued liabilities(2.9)(2.9)(0.5)(0.6)Accrued pension obligations long-termOther long-term liabilities(43.6)(44.1)(11.1)(12.3)Net amount recognized$181.1 $156.3 $(11.6)$(12.9)  Amounts recognized in AOCI:    Net prior service cost (credit)$1.4 $1.0 $0.5 $0.4 Net loss301.8 318.4 7.7 8.2 Net amount recognized, before tax effect$303.2 $319.4 $8.2 $8.6 Amounts for pension plans with accumulated benefit obligations in excess of fair value of plan assets are as follows (in millions):20242023Projected benefit obligation$69.8 $98.4 Accumulated benefit obligation$66.5 $94.8 Fair value of plan assets$11.7 $38.6 At year-end 2024 and 2023 the Company had an accumulated non-cash reduction to stockholders’ equity of $235.4 million and $249.6 million, respectively, related to its pension and postretirement plans.  The accumulated non-cash reductions to stockholders’ equity did not affect net income and were recorded net of accumulated deferred taxes of $74.3 million at year end 2024 and $77.0 million at year end 2023.Estimated future pension plan benefit payments (in millions):