2022 Q1 Form 10-K Financial Statement

#000109428522000049 Filed on February 25, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2022 2021 Q1
Revenue $1.376B $4.614B $809.3M
YoY Change 69.99% 49.51% 3.15%
Cost Of Revenue $829.6M $2.773B $493.6M
YoY Change 68.07% 45.54% 0.2%
Gross Profit $546.1M $1.841B $315.7M
YoY Change 72.98% 55.93% 8.12%
Gross Profit Margin 39.7% 39.91% 39.01%
Selling, General & Admin $299.6M $1.068B $171.9M
YoY Change 74.29% 61.3% -8.56%
% of Gross Profit 54.86% 57.99% 54.45%
Research & Development $299.3M
YoY Change 0.0%
% of Gross Profit 16.25%
Depreciation & Amortization $134.0M $115.2M $28.70M
YoY Change 366.9% 50.39% -2.05%
% of Gross Profit 24.54% 6.26% 9.09%
Operating Expenses $351.0M $1.068B $171.9M
YoY Change 104.19% 61.3% -8.56%
Operating Profit $195.1M $624.3M $143.8M
YoY Change 35.67% 30.04% 38.27%
Interest Expense -$6.300M $104.2M -$3.400M
YoY Change 85.29% 581.05% -182.93%
% of Operating Profit -3.23% 16.69% -2.36%
Other Income/Expense, Net $900.0K $2.500M $700.0K
YoY Change 28.57% -134.72% -150.0%
Pretax Income $172.5M $533.8M $141.1M
YoY Change 22.25% 13.65% 39.7%
Income Tax $10.70M $88.50M $9.000M
% Of Pretax Income 6.2% 16.58% 6.38%
Net Earnings $161.8M $445.3M $132.1M
YoY Change 22.48% 10.8% 60.71%
Net Earnings / Revenue 11.76% 9.65% 16.32%
Basic Earnings Per Share $10.31
Diluted Earnings Per Share $3.378M $10.05 $3.458M
COMMON SHARES
Basic Shares Outstanding 47.19M shares 43.20M shares 37.02M shares
Diluted Shares Outstanding 44.30M shares

Balance Sheet

Concept 2022 Q1 2022 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $474.7M $474.7M $673.1M
YoY Change -29.48% -29.48% 190.88%
Cash & Equivalents $474.7M $474.7M $673.1M
Short-Term Investments
Other Short-Term Assets $118.0M $118.0M $78.10M
YoY Change 51.09% 51.09% 23.58%
Inventory $752.9M $752.9M $347.3M
Prepaid Expenses
Receivables $767.7M $1.084B $402.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.429B $2.429B $1.723B
YoY Change 41.03% 41.03% 26.31%
LONG-TERM ASSETS
Property, Plant & Equipment $827.5M $972.0M $489.3M
YoY Change 69.12% 58.64% 2.9%
Goodwill $7.987B $2.150B
YoY Change 271.47% 4.69%
Intangibles $2.742B $409.7M
YoY Change 569.17%
Long-Term Investments
YoY Change
Other Assets $176.9M $300.6M $245.3M
YoY Change -27.88% 58.38% 208.17%
Total Long-Term Assets $12.00B $12.00B $3.362B
YoY Change 256.94% 256.94% 4.38%
TOTAL ASSETS
Total Short-Term Assets $2.429B $2.429B $1.723B
Total Long-Term Assets $12.00B $12.00B $3.362B
Total Assets $14.43B $14.43B $5.085B
YoY Change 183.79% 183.79% 10.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $469.5M $469.5M $229.1M
YoY Change 104.93% 104.93% -13.02%
Accrued Expenses $1.029B $1.029B $434.2M
YoY Change 136.96% 136.96% 9.76%
Deferred Revenue $186.0M $160.1M
YoY Change 16.18% 24.59%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $97.60M
YoY Change -100.0% -100.0% -2.98%
Total Short-Term Liabilities $1.498B $1.498B $760.9M
YoY Change 96.92% 96.92% 0.17%
LONG-TERM LIABILITIES
Long-Term Debt $4.099B $4.099B $680.9M
YoY Change 502.06% 502.06% -9.1%
Other Long-Term Liabilities $447.0M $585.0M $375.4M
YoY Change 19.07% 55.83% 80.39%
Total Long-Term Liabilities $4.546B $4.684B $1.056B
YoY Change 330.41% 343.47% 10.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.498B $1.498B $760.9M
Total Long-Term Liabilities $4.546B $4.684B $1.056B
Total Liabilities $6.808B $6.808B $1.856B
YoY Change 266.79% 266.79% 1.32%
SHAREHOLDERS EQUITY
Retained Earnings $3.773B $3.328B
YoY Change 13.38% 10.63%
Common Stock $4.318B $390.3M
YoY Change 1006.23% 5.12%
Preferred Stock
YoY Change
Treasury Stock (at cost) $38.80M $59.50M
YoY Change -34.79% -31.61%
Treasury Stock Shares 502.5K shares 746.3K shares
Shareholders Equity $7.622B $7.622B $3.229B
YoY Change
Total Liabilities & Shareholders Equity $14.43B $14.43B $5.085B
YoY Change 183.79% 183.79% 10.9%

Cashflow Statement

Concept 2022 Q1 2022 2021 Q1
OPERATING ACTIVITIES
Net Income $161.8M $445.3M $132.1M
YoY Change 22.48% 10.8% 60.71%
Depreciation, Depletion And Amortization $134.0M $115.2M $28.70M
YoY Change 366.9% 50.39% -2.05%
Cash From Operating Activities $295.6M $824.6M $236.4M
YoY Change 25.04% 33.24% 209.42%
INVESTING ACTIVITIES
Capital Expenditures -$34.00M $101.6M -$19.40M
YoY Change 75.26% 42.3% -196.04%
Acquisitions $3.723B
YoY Change 12738.97%
Other Investing Activities $100.0K -$600.0K $900.0K
YoY Change -88.89% -40.0% -103.11%
Cash From Investing Activities -$33.90M -$3.824B -$18.50M
YoY Change 83.24% 3747.38% -62.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -340.2M $2.807B -15.90M
YoY Change 2039.62% -4642.23% -260.61%
NET CHANGE
Cash From Operating Activities 295.6M $824.6M 236.4M
Cash From Investing Activities -33.90M -$3.824B -18.50M
Cash From Financing Activities -340.2M $2.807B -15.90M
Net Change In Cash -78.50M -$198.4M 202.0M
YoY Change -138.86% -141.89% 533.23%
FREE CASH FLOW
Cash From Operating Activities $295.6M $824.6M $236.4M
Capital Expenditures -$34.00M $101.6M -$19.40M
Free Cash Flow $329.6M $723.0M $255.8M
YoY Change 28.85% 32.05% 355.16%

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CY2022 us-gaap Nature Of Operations
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Description of Business<div style="margin-top:3pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Teledyne Technologies Incorporated (“Teledyne” or the “Company”), a Delaware company that became an independent public company effective November 29, 1999, provides enabling technologies for industrial growth markets that require advanced technology and high reliability. These markets include factory automation and condition monitoring, aerospace and defense, air and water quality environmental monitoring, electronics design and development, medical imaging and pharmaceutical research, oceanographic research, and deepwater energy exploration and production. Following the 2021 acquisition of FLIR Systems, Inc. ( “FLIR”), we further evolved into a global sensing and decision-support technology company: providing specialty sensors, cameras, instrumentation, algorithms and software across the electromagnetic spectrum, as well as unmanned systems, in the subsea, land and air domains. We differentiate ourselves from many of our direct competitors by having a customer and Company-sponsored applied research center that augments our product development expertise. We believe that technological capabilities and innovation and the ability to invest in the development of new and enhanced products are critical to obtaining and maintaining leadership in our markets and the industries in which we compete.</span></div><div style="margin-top:4.4pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Teledyne consists of the Digital Imaging segment with principal operations in the United States, the United Kingdom, Canada, France, Sweden, the Netherlands, Belgium, Estonia and the United Arab Emirates: the Instrumentation segment with principal operations in the United States, the United Kingdom, Denmark and France; the Aerospace and Defense Electronics segment with principal operations in the United States and the United Kingdom; and the Engineered Systems segment with principal operations in the United States.</span></div><div style="margin-top:4.4pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior year amounts have been reclassified to conform to the current period presentation. The Company now discloses acquired intangible asset amortization on a separate income statement line. Acquired intangible asset amortization was previously included in selling, general and administrative expenses. In addition, the Company now discloses the balance of long-term deferred tax liabilities on a separate balance sheet line. Long-term deferred tax liabilities was previously included in other long-term liabilities.</span></div><div style="margin-top:4.4pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On May 14, 2021, Teledyne completed the acquisition of FLIR, and the financial results of FLIR have been included since the date of the acquisition. The financial statements of Teledyne contained herein are as of and for the fiscal year ended January 2, 2022, and reflect the results of the Company after giving effect to the acquisition of FLIR. Teledyne acquired the outstanding stock of FLIR for approximately $8.1 billion, comprising of net cash payments of $3.7 billion, Teledyne share issuances of $3.9 billion, and the assumption of FLIR debt of $0.5 billion. See Note 3 to these Notes to Consolidated Financial Statements for information regarding FLIR acquisition.</span></div>
CY2022 us-gaap Prior Period Reclassification Adjustment Description
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Certain prior year amounts have been reclassified to conform to the current period presentation. The Company now discloses acquired intangible asset amortization on a separate income statement line. Acquired intangible asset amortization was previously included in selling, general and administrative expenses. In addition, the Company now discloses the balance of long-term deferred tax liabilities on a separate balance sheet line. Long-term deferred tax liabilities was previously included in other long-term liabilities.
CY2022 us-gaap Fiscal Period
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<div style="margin-top:6.9pt;padding-left:2.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Fiscal Year</span></div><div style="margin-top:1.4pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company operates on a 52- or 53-week fiscal year convention ending on the Sunday nearest to December 31. Fiscal year 2021 was a 52-week fiscal year and ended on January 2, 2022. Fiscal year 2020 was a 53-week fiscal year and ended on January 3, 2021. Fiscal year 2019 was a 52-week fiscal year and ended on December 29, 2019. References to the years 2021, 2020 and 2019 are intended to refer to the respective fiscal year unless otherwise noted.</span></div>
CY2022 us-gaap Use Of Estimates
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<div style="margin-top:6.9pt;padding-left:2.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Estimates</span></div><div style="margin-top:1.4pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent liabilities. On an ongoing basis, the Company evaluates its estimates, including those related to sales returns and allowances, allowance for doubtful accounts, inventories, goodwill, intangible assets, asset valuations, income taxes, warranty obligations, pension and other postretirement benefits, long-term contracts, environmental, workers</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">’</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> compensation and general liability, employee benefits and other contingencies and litigation. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances at the time, the results of which form the basis for making its judgments. Actual results may differ materially from these estimates under different assumptions or conditions. Management believes that the estimates are reasonable.</span></div>
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43200000 shares
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36700000 shares
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36300000 shares
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10.31
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11.08
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43200000 shares
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36700000 shares
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1200000 shares
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1200000 shares
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10.73
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1600000 shares
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186000000 USD
CY2022Q1 us-gaap Contract With Customer Liability Noncurrent
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25300000 USD
CY2021Q1 us-gaap Contract With Customer Liability Current
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160100000 USD
CY2021Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
14000000 USD
CY2022 tdy Contract With Customer Asset Increase Decrease Amount
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99900000 USD
CY2022 tdy Contract With Customer Asset Increase Decrease Percent
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0.396
CY2022 tdy Contract With Customer Liability Increase Decrease Amount
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37200000 USD
CY2022 tdy Contract With Customer Liability Increase Decrease Percent
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0.214
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
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114000000 USD
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable
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13800000 USD
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable
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12300000 USD
CY2022 us-gaap Provision For Doubtful Accounts
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4500000 USD
CY2021 us-gaap Provision For Doubtful Accounts
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4100000 USD
CY2019 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1300000 USD
CY2022 us-gaap Depreciation
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CY2021 us-gaap Depreciation
Depreciation
76600000 USD
CY2019 us-gaap Depreciation
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74500000 USD
CY2021 us-gaap Goodwill Impairment Loss
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0 USD
CY2022 us-gaap Goodwill Impairment Loss
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0 USD
CY2019 us-gaap Goodwill Impairment Loss
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0 USD
CY2022 tdy Deferred Compensation Employee Contribution Vesting Percentage
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1
CY2022Q1 us-gaap Deferred Compensation Liability Classified Noncurrent
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115500000 USD
CY2021Q1 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
68900000 USD
CY2022Q1 us-gaap Cash Surrender Value Of Life Insurance
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113400000 USD
CY2021Q1 us-gaap Cash Surrender Value Of Life Insurance
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72600000 USD
CY2022Q1 us-gaap Accrual For Environmental Loss Contingencies
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6300000 USD
CY2021Q1 us-gaap Accrual For Environmental Loss Contingencies
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6500000 USD
CY2022Q1 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
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5100000 USD
CY2021Q1 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
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16300000 USD
CY2022 us-gaap Income Taxes Paid Net
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83600000 USD
CY2022 us-gaap Proceeds From Income Tax Refunds
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22400000 USD
CY2021 us-gaap Income Taxes Paid Net
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74500000 USD
CY2021 us-gaap Proceeds From Income Tax Refunds
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8100000 USD
CY2019 us-gaap Income Taxes Paid Net
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110100000 USD
CY2019 us-gaap Proceeds From Income Tax Refunds
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7100000 USD
CY2022 us-gaap Interest Paid Net
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117200000 USD
CY2021 us-gaap Interest Paid Net
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19100000 USD
CY2019 us-gaap Interest Paid Net
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23400000 USD
CY2022 tdy Debt Related Issuance And Extinguishment Costs
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30500000 USD
CY2021 us-gaap Related Party Transaction Amounts Of Transaction
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0 USD
CY2022 us-gaap Related Party Transaction Amounts Of Transaction
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0 USD
CY2019 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
0 USD
CY2022Q1 us-gaap Goodwill
Goodwill
7986700000 USD
CY2021Q1 us-gaap Goodwill
Goodwill
2150000000 USD
CY2022Q1 us-gaap Intangible Assets Net Excluding Goodwill
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2741600000 USD
CY2021Q1 us-gaap Intangible Assets Net Excluding Goodwill
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409700000 USD
CY2021 tdy Business Combination Consideration Transferred Net Of Cash Acquired
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29000000.0 USD
CY2021 us-gaap Goodwill Acquired During Period
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16900000 USD
CY2021Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets Other Than Goodwill
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7000000.0 USD
CY2019Q4 us-gaap Goodwill
Goodwill
2050500000 USD
CY2021 us-gaap Goodwill Acquired During Period
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16900000 USD
CY2021 tdy Goodwill Foreign Currency Translation Gain Loss And Transfers
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82600000 USD
CY2021Q1 us-gaap Goodwill
Goodwill
2150000000 USD
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
5905500000 USD
CY2022 tdy Goodwill Foreign Currency Translation Gain Loss And Transfers
GoodwillForeignCurrencyTranslationGainLossAndTransfers
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CY2022Q1 us-gaap Goodwill
Goodwill
7986700000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Gross
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2406200000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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521700000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
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1884500000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Gross
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611200000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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377200000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Net
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234000000.0 USD
CY2022Q1 us-gaap Intangible Assets Gross Excluding Goodwill
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3263300000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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521700000 USD
CY2022Q1 us-gaap Intangible Assets Net Excluding Goodwill
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2741600000 USD
CY2021Q1 us-gaap Intangible Assets Gross Excluding Goodwill
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786900000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
377200000 USD
CY2021Q1 us-gaap Intangible Assets Net Excluding Goodwill
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409700000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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211600000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
207700000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
205900000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
200300000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
198100000 USD
CY2022 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
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P8Y8M12D
CY2021Q1 us-gaap Cash Equivalents At Carrying Value
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471000000.0 USD
CY2022Q1 us-gaap Billed Contract Receivables
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781500000 USD
CY2021Q1 us-gaap Billed Contract Receivables
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414300000 USD
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
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13800000 USD
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
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12300000 USD
CY2022Q1 us-gaap Accounts And Other Receivables Net Current
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767700000 USD
CY2021Q1 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
402000000.0 USD
CY2022Q1 us-gaap Unbilled Contracts Receivable
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316100000 USD
CY2021Q1 us-gaap Unbilled Contracts Receivable
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222100000 USD
CY2022Q1 us-gaap Inventory Raw Materials And Supplies
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479800000 USD
CY2021Q1 us-gaap Inventory Raw Materials And Supplies
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227700000 USD
CY2022Q1 us-gaap Inventory Work In Process
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123000000.0 USD
CY2021Q1 us-gaap Inventory Work In Process
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57600000 USD
CY2022Q1 us-gaap Inventory Finished Goods
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150100000 USD
CY2021Q1 us-gaap Inventory Finished Goods
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62000000.0 USD
CY2022Q1 us-gaap Inventory Net
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752900000 USD
CY2021Q1 us-gaap Inventory Net
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347300000 USD
CY2018Q4 us-gaap Common Stock Shares Issued
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37697865 shares
CY2022Q1 us-gaap Property Plant And Equipment Gross
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1570800000 USD
CY2021Q1 us-gaap Property Plant And Equipment Gross
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1162700000 USD
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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743300000 USD
CY2021Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
673400000 USD
CY2022Q1 us-gaap Property Plant And Equipment Net
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827500000 USD
CY2021Q1 us-gaap Property Plant And Equipment Net
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489300000 USD
CY2021Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2022Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2018Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1610568 shares
CY2019 us-gaap Stock Issued During Period Shares New Issues
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0 shares
CY2019 us-gaap Stock Issued During Period Shares Treasury Stock Reissued
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460669 shares
CY2019Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
37697865 shares
CY2019Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1149899 shares
CY2021 us-gaap Stock Issued During Period Shares New Issues
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0 shares
CY2021 us-gaap Stock Issued During Period Shares Treasury Stock Reissued
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403641 shares
CY2021Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
37697865 shares
CY2021Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
746258 shares
CY2022 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
9496901 shares
CY2022 us-gaap Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
243788 shares
CY2022Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
47194766 shares
CY2022Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
502470 shares
CY2021Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2019Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2019Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2022Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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96900000 USD
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
64200000 USD
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
414000000 USD
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
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382700000 USD
CY2022 us-gaap Proceeds From Stock Options Exercised
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25400000 USD
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
36300000 USD
CY2022 tdy Period Used For Exchange Traded Option Included Longest Dated Options
PeriodUsedForExchangeTradedOptionIncludedLongestDatedOptions
P3M
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
134.88
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
106.26
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
72.00
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1819147 shares
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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170.10
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1988576 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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130.67
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2064740 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
104.66
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
211973 shares
CY2022 tdy Share Based Compensation Arrangement By Share Based Payment Award Option Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionGrantsInPeriodWeightedAverageExercisePrice
440.48
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
247273 shares
CY2021 tdy Share Based Compensation Arrangement By Share Based Payment Award Option Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionGrantsInPeriodWeightedAverageExercisePrice
382.91
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
390789 shares
CY2019 tdy Share Based Compensation Arrangement By Share Based Payment Award Option Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionGrantsInPeriodWeightedAverageExercisePrice
217.58
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
213384 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
118.55
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
382554 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
95.22
CY2019 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
429654 shares
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
80.31
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
23879 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
328.15
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
34148 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
252.43
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
37299 shares
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
181.62
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1793857 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
206.08
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1819147 shares
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
170.10
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1988576 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
130.67
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1328191 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
148.73
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1242786 shares
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
118.57
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1242205 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
94.04
CY2022Q1 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
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1793857 shares
CY2022Q1 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
206.08
CY2022 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P5Y9M18D
CY2022Q1 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
1328191 shares
CY2022Q1 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
148.73
CY2022Q1 us-gaap Deferred Finance Costs Net
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31900000 USD
CY2021Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
800000 USD
CY2022Q1 us-gaap Long Term Debt
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4099400000 USD
CY2021Q1 us-gaap Long Term Debt
LongTermDebt
778500000 USD
CY2022Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 USD
CY2021Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
97600000 USD
CY2022Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
4099400000 USD
CY2021Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
680900000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
300200000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
600700000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
100000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
930200000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
2300100000 USD
CY2022Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
4131300000 USD
CY2022Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
31900000 USD
CY2022Q1 us-gaap Long Term Debt
LongTermDebt
4099400000 USD
CY2021Q1 tdy Debt Extinguishment Cost
DebtExtinguishmentCost
13400000 USD
CY2022 us-gaap Interest Expense Debt
InterestExpenseDebt
104800000 USD
CY2021 us-gaap Interest Expense Debt
InterestExpenseDebt
15800000 USD
CY2019 us-gaap Interest Expense Debt
InterestExpenseDebt
22000000 USD
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
108000000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
289500000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
295900000 USD
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
425900000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
180200000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
177800000 USD
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
43000000.0 USD
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
25300000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
66000000.0 USD
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
10800000 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
7000000.0 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
10600000 USD
CY2022 us-gaap Current Foreign Tax Expense Benefit
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1700000 USD

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