Company: TDY
Filing Date: 2025-06-30
Form Type: 11-K
Source: 0001094285-25-000116
Chunk: 8

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-06-30
Form: 11-K
Chunk 8
---
 million was used to offset plan expenses. The Plan held undistributed administrative revenues of $0.2 million at December 31, 2024.

#### 2. Significant Accounting Policies

#### Basis of Accounting
The accompanying financial statements of the Plan have been prepared on an accrual basis in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”). Purchases and sales of securities are recorded on a trade-date basis. Dividends are recorded on the ex-dividend date.

#### Payment of Benefits
Benefits are recorded when paid.

#### Contributions
Employee contributions and employer matching contributions are recorded when withheld.

#### Notes Receivable from Participants
Notes receivable from participants represent participant loans that are recorded at their unpaid principal balance plus any accrued but unpaid interest. Interest income on notes receivable from participants is recorded when it is earned. Related fees are recorded as administrative expenses and are expensed when they are incurred. No allowance for credit losses has been recorded as of December 31, 2024 or 2023. If a participant ceases to make loan repayments and the plan administrator deems the participant loan to be a distribution, the participant loan balance is reduced, and a benefit payment is recorded.

#### Use of Estimates
The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.

#### Recent Accounting Pronouncements
There have been no new accounting pronouncements reflected in the 2024 financial statements.

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Teledyne Technologies Incorporated 401(k) Plan

Notes to Financial Statements (continued)</div>

#### 3. Fair Value Measurements

#### Valuation of Investments
The Plan’s investments are stated at fair value. Fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

The following is a description of the valuation methodologies used for assets measured at fair value. There have been no changes in the methodologies used at December 31, 2024 and 2023.

Mutual Funds : Valued at the quoted net asset value (“NAV”) of shares held by the Plan at year end.

Teledyne Technologies Incorporated Common Stock Fund : The Teledyne Technologies Incorporated Common Stock Fund is a real-time traded stock that trades with the current market price or closing price of the common stock.

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