Company: TDY
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0001094285-25-000140
Chunk: 84

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-10-24
Form: 10-Q
Item: Part I, Item 8
Chunk 84
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.7 165.3 16.6 %Engineered Systems12.2 12.9 (5.4)%35.1 23.1 51.9 %Corporate expense(22.0)(18.7)17.6 %(65.9)(57.1)15.4 %Operating income (loss)$282.8 $270.7 4.5 %$820.3 $752.0 9.1 %Product LinesThe Instrumentation segment includes three product lines: Marine Instrumentation, Environmental Instrumentation and Test and Measurement Instrumentation.  The Company’s other three segments each contain one product line.The following table provides a summary of the net sales by product line for the Instrumentation segment (in millions):Third QuarterNine MonthsInstrumentation2025202420252024Marine Instrumentation$169.7 $164.4 $503.0 $460.0 Environmental Instrumentation117.1 109.0 345.9 333.6 Test and Measurement Instrumentation76.8 76.4 225.6 220.1 Total$363.6 $349.8 $1,074.5 $1,013.7 Identifiable assets are those assets used in the operations of the segments.  Corporate assets primarily consist of cash and cash equivalents, deferred taxes, net pension assets/liabilities, and other assets (in millions):Identifiable assets:September 28, 2025December 29, 2024Digital Imaging$11,163.4 $10,942.4 Instrumentation1,792.1 1,750.9 Aerospace and Defense Electronics1,513.5 576.2 Engineered Systems191.8 180.3 Corporate707.9 750.7 Total identifiable assets$15,368.7 $14,200.5 

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Note 4. Revenue Recognition and Contract Balances

Prior to the acquisition of Qioptiq, approximately 70% of the Company’s revenue was recognized at a point in time, with the remaining 30% of revenue recognized over time.  The majority of Qioptiq’s revenue is recognized over time.  In future periods, the Company expects approximately 40% of revenue to be recognized over time, with the remaining 60% recognized at a point in time.  The Company disaggreg