Company: TDY
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001094285-25-000053
Chunk: 238

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 238
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 Company acquired select aerospace and defense electronics businesses of Excelitas Technologies Corp. for approximately $700.3 million in cash, net of cash acquired, and subject to certain adjustments.  The acquisition includes the Optical Systems (“OS”) business known under the Qioptiq® brand based in Northern Wales, UK, as well as the United States based Advanced Electronic Systems (“AES”) business.  The OS and AES businesses will be part of the Aerospace and Defense Electronics segment.  The Company funded the acquisition from available borrowings on the credit facility as well as cash on hand.

83

Schedule II VALUATION AND QUALIFYING ACCOUNTS

Schedule II

VALUATION AND QUALIFYING ACCOUNTSFor the Fiscal Years Ended December 29, 2024, December 31, 2023 and January 1, 2023(in millions)  Additions DescriptionBalance at beginning of period Charged to costs and expenses Acquisitions Deductions and other (a) Balance at end of periodFiscal Year 2024     Allowance for doubtful accounts$11.5 6.4 — (2.4)$15.5 Environmental reserves$5.4 1.6 — (0.5)$6.5 Fiscal Year 2023     Allowance for doubtful accounts$11.7 0.7 — (0.9)$11.5 Environmental reserves$5.8 — — (0.4)$5.4 Fiscal Year 2022     Allowance for doubtful accounts$13.8 1.6 — (3.7)$11.7 Environmental reserves$6.3 0.2 — (0.7)$5.8 (a)  Represents payments except the amounts for allowance for doubtful accounts primarily represents uncollectible accounts written-off, net of recoveries.

Item 16. Form 10-K Summary

None.

84

EXHIBIT INDEX

ExhibitNo.Description2.1Separation and Distribution Agreement dated as of November 29, 1999 by and among Allegheny Teledyne Incorporated, TDY Holdings, LLC, Teledyne Industries, Inc. and Teledyne Technologies Incorporated (incorporated by reference to Exhibit 2.1 to the Company’s Current Report on Form 8-K dated