XML 28 R29.htm IDEA: XBRL DOCUMENT v3.3.0.814
Segment Information (Tables)
 9 Months Ended
Sep. 27, 2015
Segment Reporting [Abstract]  
Industry Segment Disclosures for Net Sales and Operating Profit Including Other Segment Income
The following table presents Teledyne’s segment disclosures.
 
Third Quarter
 
%
 
Nine Months
 
%
(Dollars in millions)
2015
 
2014
 
Change
 
2015
 
2014
 
Change
Net sales(a):
 
 
 
 
 
 
 
 
 
 
 
Instrumentation
$
243.2

 
$
280.4

 
(13.3
)%
 
$
784.8

 
$
815.9

 
(3.8
)%
Digital Imaging
95.7

 
95.6

 
0.1
 %
 
276.9

 
301.2

 
(8.1
)%
Aerospace and Defense Electronics
151.3

 
151.8

 
(0.3
)%
 
439.5

 
457.3

 
(3.9
)%
Engineered Systems
65.2

 
73.3

 
(11.1
)%
 
196.9

 
197.3

 
(0.2
)%
Total net sales
$
555.4

 
$
601.1

 
(7.6
)%
 
$
1,698.1

 
$
1,771.7

 
(4.2
)%
Operating income:
 
 
 
 
 
 
 
 
 
 
 
Instrumentation
$
38.6

 
$
46.9

 
(17.7
)%
 
$
126.4

 
$
128.2

 
(1.4
)%
Digital Imaging
10.4

 
7.9

 
31.6
 %
 
28.5

 
29.3

 
(2.7
)%
Aerospace and Defense Electronics
23.5

 
21.6

 
8.8
 %
 
63.5

 
68.3

 
(7.0
)%
Engineered Systems
5.9

 
8.5

 
(30.6
)%
 
17.4

 
21.4

 
(18.7
)%
Corporate expense
(8.9
)
 
(10.6
)
 
(16.0
)%
 
(30.1
)
 
(32.6
)
 
(7.7
)%
Operating income
$
69.5

 
$
74.3

 
(6.5
)%
 
$
205.7

 
$
214.6

 
(4.1
)%

(a)
Net sales excludes inter-segment sales of $4.8 million and $14.7 million for the third quarter and nine months ended September 27, 2015, respectively, and $4.9 million and $14.8 million for the third quarter and nine months ended September 28, 2014, respectively.
Summary of the sales by product line
The following tables provide a summary of the net sales by product line for the Instrumentation segment and the Engineered Systems segment (in millions):
 
Third Quarter
 
Nine Months
Instrumentation
2015
 
2014
 
2015
 
2014
Marine Instrumentation
$
136.5

 
$
167.4

 
$
457.8

 
$
478.1

Environmental Instrumentation
67.4

 
66.1

 
202.8

 
196.8

Test and Measurement Instrumentation
39.3

 
46.9

 
124.2

 
141.0

Total
$
243.2

 
$
280.4

 
$
784.8

 
$
815.9

 
 
 
 
 
 
 
 
 
Third Quarter
 
Nine Months
Engineered Systems
2015
 
2014
 
2015
 
2014
Engineered Products and Services
$
53.1

 
$
57.1

 
$
155.7

 
$
155.0

Turbine Engines
4.1

 
6.2

 
13.7

 
19.0

Energy Systems
8.0

 
10.0

 
27.5

 
23.3

Total
$
65.2

 
$
73.3

 
$
196.9

 
$
197.3