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Financial Instruments
12 Months Ended
Dec. 30, 2012
Fair Value Disclosures [Abstract]  
Financial Instruments
Financial Instruments
The carrying amounts of cash and cash equivalents approximate fair value because of the short maturity of those instruments. Teledyne estimates the fair value of its long-term debt based on debt of similar type, rating and maturity and at comparable interest rates. The estimated fair value of Teledyne's long-term debt at December 30, 2012, approximated the carrying value of $543.3 million. The estimated fair value of Teledyne's long-term debt at January 1, 2012, approximated the carrying value of $298.0 million.
The carrying value of other on-balance-sheet financial instruments approximates fair value, and the cost, if any, to terminate off-balance sheet financial instruments (primarily letters of credit) is not significant.