Company: TDY
Filing Date: 2025-04-28
Form Type: 10-Q
Source: 0001094285-25-000105
Chunk: 28

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-04-28
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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 its annual analysis during the fourth quarter of 2025.

Note 6. Supplemental Balance Sheet Information

Cash EquivalentsThe Company had $99.7 million and $304.1 million of cash equivalents at March 30, 2025, and December 29, 2024, respectively.  The Company has categorized its cash equivalents as a Level 1 financial asset, measured at fair value based on quoted prices in active markets of identical assets.Accounts Receivable, NetAccounts receivable is presented net of an allowance for doubtful accounts of $15.6 million at March 30, 2025 and $15.5 million at December 29, 2024. 

13

Inventories, NetInventories are stated at current cost, net of reserves for excess, slow moving and obsolete inventory.  Inventories are primarily valued under the first-in, first-out method or the average cost method.  Inventory balances are summarized as follows (in millions):Balance atMarch 30, 2025December 29, 2024Raw materials and supplies$599.4 $559.2 Work in process242.0 190.4 Finished goods170.4 164.8 Total inventories, net$1,011.8 $914.4 Product Warranty CostsSome of the Company’s products are subject to specified warranties, and the Company provides for the estimated cost of product warranties.  The adequacy of the warranty reserve is assessed regularly, and the reserve is adjusted as necessary based on a review of historical warranty experience with respect to the applicable business or products, as well as the length and actual terms of the warranties.  The warranty reserve is included in current accrued liabilities and other long-term liabilities on the condensed consolidated balance sheet. First QuarterWarranty Reserve (in millions):20252024Balance at beginning of year$50.2 $49.1 Product warranty expense 7.4 3.5 Deductions(3.8)(5.1)Acquisition 0.4 — Balance at end of period$54.2 $47.5 

Note 7. Long-Term Debt

Balance atLong-Term Debt (in millions):March 30, 2025December 29, 2024$1.20 billion credit facility due June 2029, weighted average variable rate of 5.55% at March 30, 2025$315.0 $