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Industry Segment (Tables)
9 Months Ended
Sep. 30, 2012
Segment Reporting [Abstract]  
Industry segment disclosures for net sales and operating profit including other segment income
The following table presents Teledyne’s interim industry segment disclosures for net sales and operating profit including other segment income. The table also provides a reconciliation of segment operating profit and other segment income to total net income attributable to common stockholders (amounts in millions):
 
Third Quarter
 
Third Quarter
 
%
 
Nine Months
 
Nine Months
 
%
 
2012
 
2011
 
Change
 
2012
 
2011
 
Change
Net sales:
 
 
 
 
 
 
 
 
 
 
 
Instrumentation
$
193.8

 
$
157.1

 
23.4
 %
 
$
516.8

 
$
467.7

 
10.5
 %
Digital Imaging
108.1

 
95.0

 
13.8
 %
 
313.2

 
257.4

 
21.7
 %
Aerospace and Defense Electronics
164.2

 
171.2

 
(4.1
)%
 
497.8

 
507.7

 
(1.9
)%
Engineered Systems
81.3

 
73.1

 
11.2
 %
 
232.1

 
234.6

 
(1.1
)%
Total net sales
$
547.4

 
$
496.4

 
10.3
 %
 
$
1,559.9

 
$
1,467.4

 
6.3
 %
Segment operating profit:
 
 
 
 
 
 
 
 
 
 
 
Instrumentation
$
29.9

 
$
32.2

 
(7.1
)%
 
$
89.5

 
$
94.6

 
(5.4
)%
Digital Imaging
7.6

 
2.3

 
230.4
 %
 
19.4

 
13.8

 
40.6
 %
Aerospace and Defense Electronics
24.1

 
24.8

 
(2.8
)%
 
71.5

 
70.8

 
1.0
 %
Engineered Systems
8.3

 
6.4

 
29.7
 %
 
21.9

 
21.6

 
1.4
 %
Total segment operating profit
69.9

 
65.7

 
6.4
 %
 
202.3

 
200.8

 
0.7
 %
Corporate expense
(9.6
)
 
(8.9
)
 
7.9
 %
 
(26.8
)
 
(27.4
)
 
(2.2
)%
Other income/(expense), net
1.2

 
(3.8
)
 
*
 
2.2

 
(2.5
)
 
*
Interest and debt expense, net
(4.5
)
 
(3.7
)
 
21.6
 %
 
(12.6
)
 
(12.4
)
 
1.6
 %
Income from continuing operations before income taxes
57.0

 
49.3

 
15.6
 %
 
165.1

 
158.5

 
4.2
 %
Provision for income taxes
13.9

 
15.2

 
(8.6
)%
 
46.8

 
53.1

 
(11.9
)%
Net income from continuing operations including noncontrolling interest
43.1

 
34.1

 
26.4
 %
 
118.3

 
105.4

 
12.2
 %
Loss from discontinued operations

 

 
*
 

 
(0.7
)
 
*
Gain on sale of discontinued operations

 

 
*
 

 
113.8

 
*
Net income
43.1

 
34.1

 
26.4
 %
 
118.3

 
218.5

 
(45.9
)%
Less: Net income attributable to noncontrolling interest
(0.4
)
 

 
*
 
(0.4
)
 
(0.1
)
 
*
Net income attributable to Teledyne
$
42.7

 
$
34.1

 
25.2
 %
 
$
117.9

 
$
218.4

 
(46.0
)%
Summary of the sales by product line
The tables below provide a summary of the sales by product line for the Instrumentation segment and the Engineered Systems segment (in millions):
 
Third Quarter
 
Nine Months
Instrumentation
2012
 
2011
 
2012
 
2011
Environmental Instrumentation
$
57.5

 
$
61.9

 
$
187.8

 
$
183.2

Marine Instrumentation
102.1

 
95.2

 
294.8

 
284.5

Test and Measurement Instrumentation
34.2

 

 
34.2

 

Total
$
193.8

 
$
157.1

 
$
516.8

 
$
467.7

 
Third Quarter
 
Nine Months
Engineered Systems
2012
 
2011
 
2012
 
2011
Engineered Products and Services
$
67.6

 
$
58.9

 
$
185.5

 
$
190.9

Turbine Engines
6.3

 
6.6

 
19.2

 
18.5

Energy Systems
7.4

 
7.6

 
27.4

 
25.2

Total
$
81.3

 
$
73.1

 
$
232.1

 
$
234.6