Company: TDY
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001094285-25-000053
Chunk: 304

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 304
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, environmental and energy applications.Business segment results include net sales and operating income by segment but excludes corporate office expenses.  Corporate expense primarily includes various administrative expenses relating to the corporate office not allocated to our segments.Information on the Company’s business segments was as follows (in millions):Net sales (a):202420232022Digital Imaging$3,070.8 $3,144.1 $3,110.9 Instrumentation1,382.6 1,326.2 1,254.0 Aerospace and Defense Electronics776.8 726.5 682.4 Engineered Systems439.8 438.7 411.3 Total net sales$5,670.0 $5,635.5 $5,458.6 (a)  Net sales exclude inter-segment sales of $24.6 million, $29.4 million and $25.3 million for fiscal years 2024, 2023 and 2022, respectively.Cost of sales:202420232022Digital Imaging$1,708.0 $1,711.4 $1,705.6 Instrumentation706.4 692.6 668.7 Aerospace and Defense Electronics441.3 424.6 407.8 Engineered Systems379.5 367.5 346.2 Total cost of sales$3,235.2 $3,196.1 $3,128.3 Selling, general and administrative:202420232022Digital Imaging$510.7 $489.6 $457.3 Instrumentation196.4 188.2 181.6 Aerospace and Defense Electronics91.2 83.7 75.1 Engineered Systems26.5 24.9 24.1 Total selling, general and administrative$824.8 $786.4 $738.1 Research and development:202420232022Digital Imaging$177.3 $244.0 $245.0 Instrumentation92.6 92.9 90.8 Aerospace and Defense Electronics21.8 17.8 14.6 Engineered Systems0.9 1.6 1.8 Total research and development$292.6 $356.3 $352.2 

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Acquired intangible asset amortization:202420232