Company: TDY
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0001094285-25-000131
Chunk: 45

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 1
Chunk 45
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0252024Net gain (loss) recognized in AOCI—Foreign Exchange Contracts (a)$3.5 $0.2 $4.3 $0.9 Net gain (loss) recognized in AOCI—Cross-Currency Swap Contracts (a)$(32.0)$— $(37.5)$— Net (gain) loss reclassified from AOCI into revenue/cost of sales—Foreign Exchange Contracts (a)$(0.1)$0.2 $0.8 $1.0 Net gain (loss) reclassified from AOCI into other income and expense, net—Foreign Exchange Contracts (b)$— $1.2 $— $4.9 Net gain (loss) reclassified from AOCI into interest expense—Foreign Exchange Contracts$— $2.0 $— $3.9 Net gain (loss) recognized in other income and expense, net—Foreign Exchange Contracts$29.1 $(2.8)$40.5 $(12.1)(a) Effective portion, pre-tax(b) Amount reclassified to offset earnings impact of liability hedged by cross-currency swap, used to hedge debt

20

Net deferred gains recorded in AOCI for the forward contracts that will mature in the next 12 months total $1.6 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 LiabilityJune 29, 2025December 29, 2024June 29, 2025December 29, 2024June 29, 2025December 29, 2024Derivatives designated as hedging instrumentsForeign currency forward contracts$67.1 $83.3 $2.1 $— $— $(3.0)Cross-currency swap agreements526.5 — 6.9 — (42.5)— Total derivatives designated as hedging instruments$593.6 $83.3 $9.0 $— $(42.5)$(3.0)Derivatives not designated as hedging instrumentsForeign currency forward contracts664.0 974.8 9.3