Supplemental Balance Sheet Information (Tables)

3 Months Ended

Mar. 30, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Selected components of balance sheet

The following table presents the balance of selected components of Teledyne’s balance sheet (in millions):

Balance sheet items	Balance sheet location	March 30, 2014		December 29, 2013
Deferred tax assets	Prepaid expenses and other current assets	$	34.9	$	31.9
Deferred compensation assets	Other assets, net	$	46.9	$	44.7
Salaries and wages	Accrued liabilities	$	75.9	$	103.2
Customer deposits and credits	Accrued liabilities	$	63.0	$	55.6
Deferred compensation liabilities	Other long-term liabilities	$	44.9	$	43.1
Deferred income taxes	Other long-term liabilities	$	115.9	$	112.3

Company's product warranty reserve

Changes in the Company’s product warranty reserve during the first three months of 2014 and 2013 are as follows (in millions):

	First Quarter
	2014			2013
Balance at beginning of year	$	17.3		$	17.8
Accruals for product warranties charged to expense	0.5			1.8
Cost of product warranty claims	(1.2		)	(1.5		)
Acquisitions	—			0.5
Balance at end of period	$	16.6		$	18.6