Company: TDY
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001094285-25-000053
Chunk: 313

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 313
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Other33.0 53.8 Total other long-term liabilities$380.8 $475.8 A rollforward of the warranty reserve, including both short and long-term reserve balances, for the years 2024, 2023 or 2022 was as follows: Warranty Reserve (in millions):202420232022Balance at beginning of year$49.1 $50.3 $49.5 Product warranty expense25.7 13.5 12.6 Deductions(25.0)(14.9)(14.3)Assumed in business acquisitions0.4 0.2 2.5 Balance at end of year$50.2 $49.1 $50.3 

Note 8. Long-Term Debt

Long-Term Debt (dollars in millions):December 29, 2024December 31, 2023$1.20 billion credit facility due June 2029$— $— Term loan due and repaid October 2024, variable rate of 6.71% at December 31, 2023, swapped to a Euro fixed rate of 0.61%— 150.0 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 20311,030.0 1,030.0 0.95% Fixed Rate Senior Notes due and repaid April 2024— 450.0 Other debt1.2 1.0 Debt discount and debt issuance costs(17.2)(21.1)Total debt, net2,649.0 3,244.9 Less: Current portion of long-term debt(0.3)(600.1)Total long-term debt, net of current portion$2,648.7 $2,644.8 As of December 29, 2024, no borrowings were outstanding under our $1.20 billion credit facility.  Excluding interest and fees, no payments are due under the $1.20 billion unsecured credit facility (“credit facility”) until it matures in June 2029.