Company: TDY
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001094285-25-000053
Chunk: 223

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 223
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 as a debit (credit):    Balance sheet itemBalance sheet locationPrepaid pension assetsPrepaid pension assets - non-current$227.6 $203.3 $— $— Accrued pension obligations short-termAccrued liabilities(2.9)(2.9)(0.5)(0.6)Accrued pension obligations long-termOther long-term liabilities(43.6)(44.1)(11.1)(12.3)Net amount recognized$181.1 $156.3 $(11.6)$(12.9)  Amounts recognized in AOCI:    Net prior service cost (credit)$1.4 $1.0 $0.5 $0.4 Net loss301.8 318.4 7.7 8.2 Net amount recognized, before tax effect$303.2 $319.4 $8.2 $8.6 Amounts for pension plans with accumulated benefit obligations in excess of fair value of plan assets are as follows (in millions):20242023Projected benefit obligation$69.8 $98.4 Accumulated benefit obligation$66.5 $94.8 Fair value of plan assets$11.7 $38.6 At year-end 2024 and 2023 the Company had an accumulated non-cash reduction to stockholders’ equity of $235.4 million and $249.6 million, respectively, related to its pension and postretirement plans.  The accumulated non-cash reductions to stockholders’ equity did not affect net income and were recorded net of accumulated deferred taxes of $74.3 million at year end 2024 and $77.0 million at year end 2023.Estimated future pension plan benefit payments (in millions): DomesticForeign2025$51.1 $2.6 2026$53.3 $2.6 2027$53.5 $2.4 2028$54.8 $2.9 2029$50.2 $2.5 2030 - 2034$225.0 $13.4 InvestmentsThe Company has an active management policy for the pension assets in the qualified domestic pension plans.  As of December 29, 2024, the long-term asset allocation target for the domestic plans consists of approximately 45% in equity instruments and