Company: TDY
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001094285-25-000053
Chunk: 321

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 321
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68.1)(59.8)(2.3)(2.1)Other - including foreign currency, settlements/curtailments— 0.4 (2.5)2.5 Benefit obligation - end of year$541.2 $584.1 $46.7 $51.5 Accumulated benefit obligation - end of year$539.3 $581.7 $43.4 $47.9 The key assumptions used to measure the benefit obligation at each respective year-end were:Domestic PlansForeign PlansKey assumptions:202420232022202420232022Discount rate5.73% - 5.76%5.40% - 5.45%5.71% - 5.72% 0.90% - 5.40%1.30% - 4.50%2.20% - 4.80%Salary growth rate2.75%2.75%2.75%1.50% - 3.00%1.50% - 3.00%1.50% -3.00%Plan assets Domestic Foreign Changes in plan assets (in millions):2024202320242023Fair value of net plan assets - beginning of year$740.4 $719.7 $38.6 $35.0 Actual return on plan assets47.4 78.0 (1.2)2.3 Employer contribution - other benefit plan2.6 2.5 1.5 1.5 Foreign currency changes— — (1.1)2.0 Benefits paid(68.1)(59.8)(2.3)(2.2)Other — — (0.4)— Fair value of net plan assets - end of year$722.3 $740.4 $35.1 $38.6 

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The following tables sets forth the funded status and amounts recognized in the consolidated balance sheets at year-end 2024 and 2023 for the domestic qualified and nonqualified pension plans and the foreign-based pension plans for benefits provided to certain employees (in millions): Domestic Foreign  2024202320242023Funded (unfunded) status$181.1 $156.3 $(11.6)$(12.9)     Amounts recognized in the consolidated balance sheets