Segment Information (Tables)

3 Months Ended

Apr. 02, 2017

Segment Reporting [Abstract]

Industry Segment Disclosures

The following table presents Teledyne’s segment disclosures (dollars in millions):

	First Quarter						%
	2017			2016			Change
Net sales(a):
Instrumentation	$	232.8		$	223.7		4.1	%
Digital Imaging	113.8			89.9			26.6	%
Aerospace and Defense Electronics	151.9			152.6			(0.5	)%
Engineered Systems	67.6			64.3			5.1	%
Total net sales	$	566.1		$	530.5		6.7	%
Operating income(b):
Instrumentation	$	30.4		$	31.4		(3.2	)%
Digital Imaging	15.3			8.2			86.6	%
Aerospace and Defense Electronics	26.2			24.1			8.7	%
Engineered Systems	8.9			8.0			11.3	%
Corporate expense	(22.7		)	(10.8		)	110.2	%
Operating income	$	58.1		$	60.9		(4.6	)%

(a)	Net sales excludes inter-segment sales of $3.9 million and $5.1 million for the first quarter of 2017 and 2016, respectively.
(b)	The first quarter of 2017 includes pretax charges of $12.9 million related to the acquisition of e2v technologies plc, of which, $2.5 million was recorded in the Digital Imaging segment and $10.4 million was recorded to corporate expense.

Identifiable assets are those assets used in the operations of the segments. Corporate assets primarily consist of cash, deferred taxes, net pension assets/liabilities and other assets (in millions):

Identifiable assets:	April 2, 2017		January 1, 2017
Instrumentation	$	1,388.2	$	1,361.0
Digital Imaging	1,404.4		671.1
Aerospace and Defense Electronics	610.1		449.4
Engineered Systems	102.0		93.9
Corporate	168.3		199.0
Total identifiable assets	$	3,673.0	$	2,774.4

Summary of the sales by product line

The following tables provide a summary of the net sales by product line for the Instrumentation segment (in millions):

	First Quarter
Instrumentation	2017		2016
Marine Instrumentation	$	109.5	$	112.9
Environmental Instrumentation	75.5		68.7
Test and Measurement Instrumentation	47.8		42.1
Total	$	232.8	$	223.7