TELEDYNE TECHNOLOGIES INC Debt Disclosure
| Long-Term Debt (dollars in millions): | December 29, 2024 | December 31, 2023 | |||||||||
$1.20 billion credit facility due June 2029 | $ | — | $ | — | |||||||
Term loan due and repaid October 2024, variable rate of 6.71% at December 31, 2023, swapped to a Euro fixed rate of 0.61% | — | 150.0 | |||||||||
1.60% Fixed Rate Senior Notes due April 2026 | 450.0 | 450.0 | |||||||||
2.25% Fixed Rate Senior Notes due April 2028 | 700.0 | 700.0 | |||||||||
2.50% Fixed Rate Senior Notes due August 2030 | 485.0 | 485.0 | |||||||||
2.75% Fixed Rate Senior Notes due April 2031 | 1,030.0 | 1,030.0 | |||||||||
0.95% Fixed Rate Senior Notes due and repaid April 2024 | — | 450.0 | |||||||||
| Other debt | 1.2 | 1.0 | |||||||||
Debt discount and debt issuance costs | (17.2) | (21.1) | |||||||||
Total debt, net | 2,649.0 | 3,244.9 | |||||||||
Less: Current portion of long-term debt | (0.3) | (600.1) | |||||||||
| Total long-term debt, net of current portion | $ | 2,648.7 | $ | 2,644.8 | |||||||
| Fiscal year | |||||
| 2025 | $ | 0.4 | |||
| 2026 | 450.1 | ||||
| 2027 | — | ||||
| 2028 | 700.1 | ||||
| 2029 | 0.1 | ||||
| Thereafter | 1,515.5 | ||||
| Total principal payments | 2,666.2 | ||||
| Debt issuance costs | (17.2) | ||||
| Total debt | $ | 2,649.0 | |||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2024 | Feb 21, 2025 | Showing above |
| 2023 | Feb 23, 2024 | |
| 2022 | Feb 25, 2022 | |
| 2021 | Feb 26, 2021 | |
| 2019 | Feb 24, 2020 | |
| 2018 | Feb 25, 2019 | |
| 2017 | Feb 27, 2018 | |
| 2016 | Mar 1, 2016 | |
About Debt Disclosures
Debt disclosures detail a company's borrowing structure — the types of instruments, interest rates, maturity schedule, and covenant restrictions that define its financial obligations and flexibility. This section is essential for assessing refinancing risk, interest rate exposure, and the margin of safety against financial distress.
Key signals: the maturity schedule reveals concentration risk — large maturities within 1-2 years during tight credit markets can force dilutive refinancing or asset sales. Compare the fair value of debt against carrying amount to gauge whether the market views the company's credit risk differently than the balance sheet suggests. Watch covenant compliance disclosures for tightening cushions, especially leverage and interest coverage ratios. Variable-rate debt exposure quantifies sensitivity to interest rate changes. Secured versus unsecured mix affects recovery rates and future borrowing capacity. Compare net debt-to-EBITDA against industry peers and covenant limits to assess financial health.