Company: TDY
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0001094285-25-000140
Chunk: 99

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-10-24
Form: 10-Q
Item: Part I, Item 8
Chunk 99
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 gain (loss) reclassified from AOCI into other income and expense, net—Foreign Exchange Contracts (b)$— $(6.6)$— $(1.7)Net gain (loss) reclassified from AOCI into interest expense—Foreign Exchange Contracts$— $2.2 $— $6.1 Net gain (loss) recognized in other income and expense, net—Foreign Exchange Contracts$(10.1)$15.3 $30.4 $3.2 (a) Effective portion, pre-tax(b) Amount reclassified to offset earnings impact of liability hedged by cross-currency swap, used to hedge debtNet deferred gains recorded in AOCI for the forward contracts that will mature in the next 12 months total $0.3 million, net of taxes.  These gains are expected to be offset by anticipated losses in the value of the forecasted underlying hedged item.The following is a summary of notional amounts and fair values of the Company’s derivatives recorded in the condensed consolidated balance sheets presented by instrument type and use (in millions):Notional AmountFair Value AssetFair Value LiabilitySeptember 28, 2025December 29, 2024September 28, 2025December 29, 2024September 28, 2025December 29, 2024Derivatives designated as hedging instrumentsForeign currency forward contracts$33.1 $83.3 $0.6 $— $(0.2)$(3.0)Cross-currency swap agreements524.9 — 7.0 — (38.3)— Total derivatives designated as hedging instruments$558.0 $83.3 $7.6 $— $(38.5)$(3.0)Derivatives not designated as hedging instrumentsForeign currency forward contracts714.9 974.8 0.6 1.0 (5.9)(13.9)Total derivatives$1,272.9 $1,058.1 $8.2 $1.0 $(44.4)$(16.9)All derivative assets are presented in Other current assets or Other non-current assets.  All derivative liabilities are presented in Accrued liabilities or Other non-current liabilities.

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Note 14. Fair Value Measurement

The Company’s financial assets and liabilities carried at fair value are primarily comprised of derivative contracts used to hedge the Company’s foreign