Company: TDY
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001094285-25-000053
Chunk: 87

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 15
Chunk 87
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 high-reliability semiconductors including analog-to-digital and digital-to-analog converters.  The Instrumentation segment provides monitoring and control instruments for marine, environmental, industrial and other applications, electronic test and measurement equipment and harsh environment interconnect products.  The Aerospace and Defense Electronics segment provides sophisticated electronic components and subsystems and communications products, including defense electronics, harsh environment interconnects, data acquisition and communications equipment for aircraft and components and subsystems for wireless and satellite communications, as well as general aviation batteries.  The Engineered Systems segment provides innovative systems engineering and integration, advanced technology application, software development and manufacturing solutions for defense, space, 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