Company: TDY
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001094285-25-000053
Chunk: 96

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 15
Chunk 96
---
4 Other233.9 237.6 Total accrued liabilities$844.9 $781.3 

66

 Balance at year-endOther long-term liabilities (in millions):20242023Operating lease liabilities$109.6 $123.4 Unrecognized tax benefits, including accrued interest and penalties28.0 104.5 Deferred compensation liabilities111.3 102.2 Pension and postretirement related liabilities58.8 57.8 Contract liabilities30.5 25.5 Derivative liabilities0.5 — Warranty reserve9.1 8.6 Other33.0 53.8 Total other long-term liabilities$380.8 $475.8 A rollforward of the warranty reserve, including both short and long-term reserve balances, for the years 2024, 2023 or 2022 was as follows: Warranty Reserve (in millions):202420232022Balance at beginning of year$49.1 $50.3 $49.5 Product warranty expense25.7 13.5 12.6 Deductions(25.0)(14.9)(14.3)Assumed in business acquisitions0.4 0.2 2.5 Balance at end of year$50.2 $49.1 $50.3 

Note 8. Long-Term Debt

Long-Term Debt (dollars in millions):December 29, 2024December 31, 2023$1.20 billion credit facility due June 2029$— $— Term loan due and repaid October 2024, variable rate of 6.71% at December 31, 2023, swapped to a Euro fixed rate of 0.61%— 150.0 1.60% Fixed Rate Senior Notes due April 2026450.0 450.0 2.25% Fixed Rate Senior Notes due April 2028700.0 700.0 2.50% Fixed Rate Senior Notes due August 2030485.0 485.0 2.75% Fixed Rate Senior Notes due April 20311,030.0 1,030.0 0.95% Fixed Rate Senior Notes due and repaid April 2024— 450.0 Other debt1.2 1.0 Debt discount and debt