Company: TDY
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0001094285-25-000140
Chunk: 91

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-10-24
Form: 10-Q
Item: Part I, Item 8
Chunk 91
---
 the prior year, additional non-cash impairment of the trademark could result from a number of circumstances, including different assumptions used in determining the fair value of the trademark, changes to customer spending priorities or a sharp increase in interest rates without a corresponding increase in future net sales.For all indefinite-lived trademarks, including the FLIR trademark, there have been no events or changes in circumstances which indicate that it is more likely than not that the fair value of the trademark is below its carrying value.  As such, no interim impairment review was required.  The Company will perform its annual analysis during the fourth quarter of 2025.

Note 6. Supplemental Balance Sheet Information

Cash EquivalentsThe Company had $313.6 million and $304.1 million of cash equivalents at September 28, 2025, and December 29, 2024, respectively.  The Company has categorized its cash equivalents as a Level 1 financial asset, measured at fair value based on quoted prices in active markets of identical assets.Accounts Receivable, NetAccounts receivable is presented net of an allowance for estimated credit losses of $15.7 million at September 28, 2025 and $15.5 million at December 29, 2024. Inventories, NetInventories are stated at the lower of cost or net realizable value and primarily valued on an average cost or first-in, first-out method.  Inventory adjustments are recorded when inventory is considered to be excess or obsolete based upon an analysis of actual on-hand quantities on a part-level basis to forecasted product demand and historical usage.  Inventory balances are summarized as follows (in millions):Balance atSeptember 28, 2025December 29, 2024Raw materials and supplies$637.0 $559.2 Work in process241.1 190.4 Finished goods180.0 164.8 Total inventories, net$1,058.1 $914.4 

15

Product Warranty CostsSome of the Company’s products are subject to specified warranties, and the Company provides for the estimated cost of product warranties.  The adequacy of the warranty reserve is assessed regularly, and the reserve is adjusted as necessary based on a review of historical warranty experience with respect to the applicable business or products, as well as the length and actual terms of the warranties.  The warranty reserve is included in current accrued liabilities and other long-term liabilities on the condensed consolidated balance sheet. Nine MonthsWarranty Reserve (in millions