Company: TDY
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001094285-25-000053
Chunk: 98

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 15
Chunk 98
---
.Total net interest expense, including credit facility fees and other bank charges, was $57.9 million, $77.3 million and $89.3 million for 2024, 2023 and 2022, respectively.  Cash payments for interest and credit facility fees and other bank charges totaled $73.4 million, $87.9 million and $79.3 million for 2024, 2023 and 2022, respectively.

Note 9. Income Taxes

Income (loss) before income taxes included the following (in millions):202420232022Domestic operations$527.4 $532.4 $490.3 Foreign operations410.5 426.5 417.8 Total income (loss) before income taxes$937.9 $958.9 $908.1  The provision for income taxes included the following (in millions):202420232022Current provision (benefit)   Federal$149.3 $91.2 $47.2 State25.5 21.4 14.8 Foreign40.5 57.1 47.8 Total current provision (benefit)215.3 169.7 109.8 Deferred provision (benefit)   Federal(55.8)(78.8)(39.0)State(7.7)(4.6)0.3 Foreign(34.6)(14.0)48.1 Total deferred provision (benefit)(98.1)(97.4)9.4 Provision (benefit) for income taxes$117.2 $72.3 $119.2 

68

 The following is a reconciliation of the statutory federal income tax rate to the actual effective income tax rate:202420232022U.S. federal statutory income tax rate21.0 %21.0 %21.0 %State and local taxes, net of federal benefit2.4 1.8 1.7 Research and development tax credits(1.3)(2.4)(1.8)Investment tax credits(0.8)(0.5)(0.5)Foreign rate differential2.6 1.8 1.5 Net accruals (reversals) for unrecognized tax benefits (8.5)(10.8)(7.9)Stock-based compensation(1.4)(2.1)(1.