TELEDYNE TECHNOLOGIES INC Goodwill & Intangibles Disclosure
Goodwill (in millions): | Digital Imaging | Instrumentation | Aerospace and Defense Electronics | Engineered Systems | Total | ||||||||||||||||||||||||
Balance at December 31, 2023 | $ | 6,877.0 | $ | 944.8 | $ | 163.4 | $ | 17.6 | $ | 8,002.8 | |||||||||||||||||||
| Current year acquisitions | 65.6 | 23.6 | — | — | 89.2 | ||||||||||||||||||||||||
| Foreign currency changes and other | (88.0) | (13.1) | (0.4) | — | (101.5) | ||||||||||||||||||||||||
Balance at December 29, 2024 | 6,854.6 | 955.3 | 163.0 | 17.6 | 7,990.5 | ||||||||||||||||||||||||
| Current year acquisitions | 47.5 | — | 433.7 | — | 481.2 | ||||||||||||||||||||||||
| Foreign currency changes and other | 163.7 | 31.6 | 20.6 | — | 215.9 | ||||||||||||||||||||||||
Balance at December 28, 2025 | $ | 7,065.8 | $ | 986.9 | $ | 617.3 | $ | 17.6 | $ | 8,687.6 | |||||||||||||||||||
Balance at Year End | |||||||||||||||||||||||||||||||||||
| 2025 | 2024 | ||||||||||||||||||||||||||||||||||
| Acquired intangible assets (in millions): | Gross carrying amount | Accumulated amortization | Net carrying amount | Gross carrying amount | Accumulated amortization | Net carrying amount | |||||||||||||||||||||||||||||
| Proprietary technology | $ | 1,838.1 | $ | 1,014.5 | $ | 823.6 | $ | 1,665.5 | $ | 796.6 | $ | 868.9 | |||||||||||||||||||||||
Customer list/relationships/backlog | 788.8 | 326.9 | 461.9 | 615.3 | 268.9 | 346.4 | |||||||||||||||||||||||||||||
| Patents | 0.6 | 0.6 | — | 0.6 | 0.6 | — | |||||||||||||||||||||||||||||
| Non-compete agreements | 0.9 | 0.9 | — | 0.9 | 0.9 | — | |||||||||||||||||||||||||||||
| Definite-lived trademarks | 34.8 | 13.6 | 21.2 | 12.2 | 7.7 | 4.5 | |||||||||||||||||||||||||||||
Total acquired intangible assets subject to amortization | 2,663.2 | 1,356.5 | 1,306.7 | 2,294.5 | 1,074.7 | 1,219.8 | |||||||||||||||||||||||||||||
| Acquired intangible assets not subject to amortization: | |||||||||||||||||||||||||||||||||||
| Indefinite-lived trademarks | 793.4 | — | 793.4 | 793.1 | — | 793.1 | |||||||||||||||||||||||||||||
| Total acquired intangible assets | $ | 3,456.6 | $ | 1,356.5 | $ | 2,100.1 | $ | 3,087.6 | $ | 1,074.7 | $ | 2,012.9 | |||||||||||||||||||||||
Acquired intangible assets subject to amortization | Weighted Average Remaining Useful Life in Years | ||||
| Proprietary technology | 4.9 | ||||
Customer list/relationships/backlog | 9.6 | ||||
| Trademarks | 4.8 | ||||
Total acquired intangible assets subject to amortization | 6.0 | ||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 20, 2026 | Showing above |
| 2024 | Feb 21, 2025 | |
| 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 Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.