Company: TDY
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0001094285-25-000140
Chunk: 97

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-10-24
Form: 10-Q
Item: Part I, Item 8
Chunk 97
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Provision for income taxesTotal$(0.5)$3.3 Amortization of defined benefit pension and postretirement plan items:Amortization of net prior service cost (income)$0.1 $(0.1)Costs and expensesAmortization of net actuarial loss2.9 2.3 Costs and expensesTotal before tax3.0 2.2 Income tax impact(0.7)(0.7)Provision for income taxesTotal$2.3 $1.5 

Amount Reclassified From AOCI for the Nine Months Ended September 28, 2025Amount Reclassified From AOCI for the Nine Months Ended September 29, 2024Statement of Income (Loss) Presentation(Gain) loss on cash flow hedges:(Gain) loss recognized in income on derivatives$0.2 $(5.3)See Note 13Income tax impact(0.1)1.4 Provision for income taxesTotal$0.1 $(3.9)Amortization of defined benefit pension and postretirement plan items:Amortization of net prior service cost (income)$0.2 $(0.3)Costs and expensesAmortization of net actuarial loss7.0 8.1 Costs and expensesTotal before tax7.2 7.8 Income tax impact(1.7)(2.1)Provision for income taxesTotal$5.5 $5.7 

Note 13. Derivative Instruments and Hedging Activities

The Company’s primary exposure to market risk relates to changes in foreign currency exchange rates and interest rates.  The Company’s primary foreign currency risk management objective is to protect the U.S. dollar value of future cash flows and minimize the volatility of reported earnings.  During 2025, the Company entered into certain derivative contracts to reduce the volatility from translation of the Company’s euro denominated net investments.  The Company does not use foreign currency forward contracts for speculative or trading purposes.The Company mitigates exposure to foreign currency exchange rates and interest rates primarily through the following:Designated Hedging ActivitiesThe Company utilizes foreign currency forward contracts to reduce the volatility of cash flows primarily related to forecasted revenue and expenses denominated in Canadian dollars for the Canadian companies, and in British pounds for the UK companies.  As of September 28, 2025, foreign currency forward contracts in Canadian dollars designated as cash flow h