XML 23 R10.htm IDEA: XBRL DOCUMENT
v3.26.1

Business Segments | 3 Months Ended
--- | ---
Mar. 29, 2026
Segment Reporting [Abstract] |
Business Segments | Business Segments Teledyne is a leading provider of sophisticated digital imaging products and software, instrumentation, aerospace and defense electronics, and engineered systems. The Company’s customers include government agencies, aerospace prime contractors, energy exploration and production companies, major industrial companies, and airlines. The Company has four reportable segments: Digital Imaging, Instrumentation, Aerospace and Defense Electronics, and Engineered Systems. Segment results include net sales and operating income by segment but exclude corporate expenses. Corporate expense primarily includes administrative expenses relating to the corporate office not allocated to the segments. In the first quarter of 2026, the Company completed one acquisition, and the financial results of this acquisition have been included since the date of the acquisition and is part of the Instrumentation segment. In 2025, the Company completed four acquisitions, and the financial results of these acquisitions have been included since the date of the acquisition and are part of the Digital Imaging and Aerospace and Defense Electronics segments. See Note 2 to these condensed consolidated financial statements for information regarding these 2026 and 2025 acquisitions. Information for the Company’s business segments was as follows (in millions):
| First Quarter Ended March 29, 2026
| Digital Imaging |  | Instrumentation |  | Aerospace and Defense Electronics |  | Engineered Systems |  | Total
Net sales (a) | $ | 816.9 |  |  | $ | 361.4 |  |  | $ | 277.5 |  |  | $ | 104.3 |  |  | $ | 1,560.1 |
Costs and expenses |  |  |  |  |  |  |  |  |
Cost of sales | 447.6 |  |  | 190.2 |  |  | 162.7 |  |  | 85.8 |  |  | 886.3 |
Selling, general and administrative | 127.2 |  |  | 54.2 |  |  | 30.4 |  |  | 6.6 |  |  | 218.4 |
Research and development | 52.4 |  |  | 25.1 |  |  | 6.9 |  |  | 0.2 |  |  | 84.6 |
Acquired intangible asset amortization | 48.0 |  |  | 3.5 |  |  | 6.1 |  |  | — |  |  | 57.6 |
Segment Operating income (loss) | $ | 141.7 |  |  | $ | 88.4 |  |  | $ | 71.4 |  |  | $ | 11.7 |  |  | $ | 313.2 |
Reconciliation to Income (loss) before income taxes |  |  |  |  |  |  |  |  |
Corporate expense |  |  |  |  |  |  |  |  | (19.0) |
Interest and debt expense, net |  |  |  |  |  |  |  |  | (12.3) |
Non-service retirement benefit income |  |  |  |  |  |  |  |  | 2.7 |
Other income (expense), net |  |  |  |  |  |  |  |  | (5.9) |
Income (loss) before income taxes |  |  |  |  |  |  |  |  | $ | 278.7 |
(a) Net sales exclude inter-segment sales of $5.3 million for the first quarter of 2026.
| First Quarter Ended March 30, 2025
| Digital Imaging |  | Instrumentation |  | Aerospace and Defense Electronics |  | Engineered Systems |  | Total
Net sales (a) | $ | 757.0 |  |  | $ | 343.3 |  |  | $ | 242.5 |  |  | $ | 107.1 |  |  | $ | 1,449.9 |
Costs and expenses |  |  |  |  |  |  |  |  |
Cost of sales | 422.5 |  |  | 173.5 |  |  | 144.2 |  |  | 90.2 |  |  | 830.4 |
Selling, general and administrative | 122.7 |  |  | 49.7 |  |  | 33.2 |  |  | 6.1 |  |  | 211.7 |
Research and development | 44.1 |  |  | 24.2 |  |  | 6.0 |  |  | — |  |  | 74.3 |
Acquired intangible asset amortization | 45.4 |  |  | 3.2 |  |  | 3.4 |  |  | — |  |  | 52.0 |
Segment Operating income (loss) | $ | 122.3 |  |  | $ | 92.7 |  |  | $ | 55.7 |  |  | $ | 10.8 |  |  | $ | 281.5 |
Reconciliation to Income (loss) before income taxes |  |  |  |  |  |  |  |  |
Corporate expense |  |  |  |  |  |  |  |  | (22.2) |
Interest and debt expense, net |  |  |  |  |  |  |  |  | (17.3) |
Non-service retirement benefit income |  |  |  |  |  |  |  |  | 2.8 |
Other income (expense), net |  |  |  |  |  |  |  |  | (5.9) |
Income (loss) before income taxes |  |  |  |  |  |  |  |  | $ | 238.9 |
(a) Net sales exclude inter-segment sales of $3.8 million for the first quarter of 2025. Product Lines The Instrumentation segment includes three product lines: Marine Instrumentation, Environmental Instrumentation and Test and Measurement Instrumentation. All other segments each contain one product line. The table below provides a summary of the net sales by product line for the Instrumentation segment (in millions):
| First Quarter |  |
Instrumentation | 2026 |  | 2025 |  |  |  |
Marine Instrumentation | $ | 175.3 |  |  | $ | 161.8 |  |  |  |  |
Environmental Instrumentation | 116.2 |  |  | 108.9 |  |  |  |  |
Test and Measurement Instrumentation | 69.9 |  |  | 72.6 |  |  |  |  |
Total | $ | 361.4 |  |  | $ | 343.3 |  |  |  |  |
Identifiable assets are those assets used in the operations of the segments. Corporate assets primarily consist of cash and cash equivalents, deferred taxes, pension assets and other assets. Identifiable assets for the Company’s business segments was as follows (in millions):
Identifiable assets: | March 29, 2026 |  | December 28, 2025
Digital Imaging | $ | 11,325.2 |  |  | $ | 11,303.3 |
Instrumentation | 1,870.9 |  |  | 1,794.3 |
Aerospace and Defense Electronics | 1,509.3 |  |  | 1,498.2 |
Engineered Systems | 205.3 |  |  | 184.1 |
Total segment identifiable assets | 14,910.7 |  |  | 14,779.9 |
Corporate | 582.3 |  |  | 505.4 |
Total Teledyne identifiable assets | $ | 15,493.0 |  |  | $ | 15,285.3 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-42 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 11: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 12: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 13: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 14: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 15: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 16: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 17: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/280/tableOfContent Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26 Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration