Company: TDY
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0001094285-25-000131
Chunk: 43

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 1
Chunk 43
---
18

The reclassifications out of AOCI to net income for the second quarter ended June 29, 2025, and June 30, 2024 are as follows (in millions):Amount Reclassified from AOCI for the Quarter Ended June 29, 2025Amount Reclassified from AOCI for the Quarter Ended June 30, 2024Statement of Income (Loss) Presentation(Gain) loss on cash flow hedges:(Gain) loss recognized in income on derivatives$(0.1)$(0.4)See Note 13Income tax impact— 0.1 Provision for income taxesTotal$(0.1)$(0.3)Amortization of defined benefit pension and postretirement plan items:Amortization of prior service cost$— $(0.1)Costs and expensesAmortization of net actuarial loss2.3 2.9 Costs and expensesTotal before tax2.3 2.8 Income tax impact(0.6)(0.7)Provision for income taxesTotal$1.7 $2.1 

Amount Reclassified from AOCI for the Six Months Ended June 29, 2025Amount Reclassified from AOCI for the Six Months Ended June 30, 2024Statement of Income (Loss) Presentation(Gain) loss on cash flow hedges:(Gain) loss recognized in income on derivatives$0.8 $(9.7)See Note 13Income tax impact(0.2)2.5 Provision for income taxesTotal$0.6 $(7.2)Amortization of defined benefit pension and postretirement plan items:Amortization of prior service cost$0.1 $(0.2)Costs and expensesAmortization of net actuarial loss4.1 5.8 Costs and expensesTotal before tax4.2 5.6 Income tax impact(1.0)(1.4)Provision for income taxesTotal$3.2 $4.2 

19

Note 13. Derivative Instruments and Hedging Activities

The Company’s primary exposure to market risk relates to changes in foreign currency exchange rates and interest rates.  The Company’s primary foreign currency risk management objective is to protect the U.S. dollar value of future cash flows and minimize the volatility of reported earnings.  During 2025, the Company entered into