Company: TDY
Filing Date: 2025-04-28
Form Type: 10-Q
Source: 0001094285-25-000105
Chunk: 34

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-04-28
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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8 $0.7 Net gain (loss) recognized in AOCI—Cross-Currency Swap Contracts (a)$(5.5)$— Net gain (loss) reclassified from AOCI into revenue/cost of sales—Foreign Exchange Contracts (a)$(0.9)$0.7 Net gain (loss) reclassified from AOCI into other income and expense, net—Foreign Exchange Contracts (b)$— $3.7 Net gain (loss) reclassified from AOCI into interest expense—Foreign Exchange Contracts$— $1.9 Net gain (loss) recognized in other income and expense, net—Foreign Exchange Contracts$11.4 $9.3 (a) Effective portion, pre-tax(b) Amount reclassified to offset earnings impact of liability hedged by cross-currency swap, used to hedge debt

18

Net deferred losses recorded in AOCI for the forward contracts that will mature in the next 12 months total $1.0 million, net of taxes.  These losses are expected to be offset by anticipated gains 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 (Liability)March 30, 2025December 29, 2024March 30, 2025December 29, 2024March 30, 2025December 29, 2024Derivatives designated as hedging instrumentsForeign currency forward contracts$99.6 $83.3 $0.6 $— $(1.9)$(3.0)Cross-currency swap agreements324.0 — 2.7 — (7.9)— Total derivatives designated as hedging instruments$423.6 $83.3 $3.3 $— $(9.8)$(3.0)Derivatives not designated as hedging instrumentsForeign currency forward contracts689.3 974.8 16.7 1.0 (2.7)(13.9)Total derivatives$1,112.9 $1,058.1 $20.0 $1.0 $(12.5)$(16.9)All derivative assets are presented in Other current assets or Other non-current assets.  All derivative liabilities