Company: TDY
Filing Date: 2025-04-28
Form Type: 10-Q
Source: 0001094285-25-000105
Chunk: 22

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-04-28
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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(0.9)%Instrumentation3.2 3.4 (5.9)%Aerospace and Defense Electronics3.4 0.2 *Total acquired intangible asset amortization$52.0 $49.4 5.3 %* Not meaningful

9

First Quarter%Operating income (loss):20252024ChangeDigital Imaging$122.3 $113.8 7.5 %Instrumentation92.7 86.0 7.8 %Aerospace and Defense Electronics55.7 51.9 7.3 %Engineered Systems10.8 2.7 300.0 %Corporate expense(22.2)(20.1)10.4 %Operating income (loss)$259.3 $234.3 10.7 %Product LinesThe Instrumentation segment includes three product lines: Marine Instrumentation, Environmental Instrumentation and Test and Measurement Instrumentation.  The Company’s other three segments each contain one product line.The following table provides a summary of the net sales by product line for the Instrumentation segment (in millions):First QuarterInstrumentation20252024Marine Instrumentation$161.8 $147.8 Environmental Instrumentation108.9 111.1 Test and Measurement Instrumentation72.6 71.5 Total$343.3 $330.4 Identifiable assets are those assets used in the operations of the segments.  Corporate assets primarily consist of cash and cash equivalents, deferred taxes, net pension assets/liabilities and other assets (in millions):Identifiable assets:March 30, 2025December 29, 2024Digital Imaging$11,021.1 $10,942.4 Instrumentation1,781.9 1,750.9 Aerospace and Defense Electronics1,496.8 576.2 Engineered Systems200.4 180.3 Corporate548.3 750.7 Total identifiable assets$15,048.5 $14,200.5 

Note 4. Revenue Recognition and Contract Balances

Approximately 70% of the Company's net sales are recognized at a point in time, with the remaining 30% of net sales recognized over time.  The Company disaggregates its revenue from contracts with customers by customer type and geographic region for each segment, as management believes it best depicts how the nature, amount, timing and