Company: TDY
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0001094285-25-000140
Chunk: 87

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-10-24
Form: 10-Q
Item: Part I, Item 8
Chunk 87
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0 277.5 187.1 96.1 1,013.7 Aerospace and Defense Electronics188.9 391.4 580.3 391.8 103.0 59.2 26.3 580.3 Engineered Systems289.2 35.9 325.1 322.4 — 1.1 1.6 325.1 Total$970.2 $3,197.5 $4,167.7 $2,187.4 $990.9 $649.8 $339.6 $4,167.7 (a) U.S. Government sales include sales as a prime contractor or subcontractor.(b) Primarily commercial sales(c) Geographic region by destination

With the exception of the Engineered Systems segment, net sales in each segment are primarily derived from fixed price contracts.  Net sales in the Engineered Systems segment are typically between 45% and 55% fixed price contracts in a given reporting period, with the balance of net sales derived from cost-reimbursable type contracts.  For the nine months ended September 28, 2025, approximately 46% of net sales in the Engineered Systems segment were derived from fixed price contracts.Contract LiabilitiesBalance atContract Liabilities by Balance Sheet Location (in millions)September 28, 2025December 29, 2024Accrued liabilities$358.5 $312.6 Other long-term liabilities43.8 30.5 Total contract liabilities$402.3 $343.1 The Company recognized revenue of $192.7 million during the nine months ended September 28, 2025, from contract liabilities that existed at the beginning of year.Remaining Performance ObligationsRemaining performance obligations represent the transaction price of firm orders for which work has not been performed as of the period end date and exclude unexercised contract options and potential orders under ordering-type contracts (e.g., indefinite-delivery, indefinite-quantity).  As of September 28, 2025, the aggregate amount of the transaction price allocated to remaining performance obligations was $4,569.2 million.  The Company expects approximately 68% of remaining performance obligations to be recognized into revenue within the next 12 months, with the remaining 32% recognized thereafter.Changes in Contract Estimates at CompletionFor over time contracts using the cost-to-cost method, the Company