Company: TDY
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001094285-25-000053
Chunk: 233

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 233
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5 2.4 Accrued liabilities$69.4 (2.5)$— — Other non-current liabilities$13.9 (0.5)$— — Cross-currency swap agreementsOther current assets$— — $— 0.1 Accrued liabilities$— — $172.6 (21.3)Total derivatives designated as hedging instruments$(3.0)$(15.1)Derivatives not designated as hedging instrumentsForeign currency forward contractsOther current assets$271.4 $1.0 $329.9 $14.2 Accrued liabilities$703.4 (13.9)$467.6 (3.2)Total derivatives not designated as hedging instruments$(12.9)$11.0 Total derivatives$(15.9)$(4.1)All derivatives are recorded on the balance sheet at fair value.  The accounting for income and losses resulting from changes in fair value depends on the use of the derivative and whether it is designated and qualifies for hedge accounting.  Teledyne does not use foreign currency forward contracts for speculative or trading purposes.The following is a summary of the gain (loss) included in the consolidated statements of income (loss) and comprehensive income (loss) related to the derivative instruments described above (in millions): 20242023Net gain (loss) recognized in AOCI - foreign exchange contracts (a)$(8.2)$19.3 Net gain (loss) reclassified from AOCI into revenue/cost of sales - foreign exchange contracts$1.1 $(6.2)Net gain (loss) reclassified from AOCI into interest expense - foreign exchange contracts$(17.9)$7.6 Net gain (loss) reclassified from AOCI into interest expense -interest rate contracts$— $0.6 Net gain (loss) reclassified from AOCI into other income and expense, net - foreign exchange contracts (b)$22.7 $8.0 Net gain (loss) recognized in other income and expense, net – foreign exchange contracts$(43.6)$13.7 (a)  Effective portion(b)  Amount reclassified to offset earnings impact of liability hedged by cross currency swapNet deferred losses recorded in AOCI, net of tax, for forward contracts that will mature in the next 12 months total $2.2 million.  These losses are expected to