Teledyne Technologies (TDY) 10-Q 9 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jul. 03, 2016	Aug. 05, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	TELEDYNE TECHNOLOGIES INC
Entity Central Index Key	1,094,285
Document Type	10-Q
Document Period End Date	Jul. 3, 2016
Amendment Flag	false
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--01-01
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		34,656,748

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions		3 Months Ended		6 Months Ended
		Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Income Statement [Abstract]
Net sales	[1]	$ 534.9	$ 573.6	$ 1,060.1	$ 1,135.1
Costs and expenses
Cost of sales		331.8	353.9	651.8	696.6
Selling, general and administrative expenses		148.8	150.6	292.9	301.8
Total costs and expenses		480.6	504.5	944.7	998.4
Operating income		54.3	69.1	115.4	136.7
Interest expense, net		(5.9)	(6)	(11.6)	(11.9)
Other income, net		17.2	3.4	15.9	4.2
Income before income taxes		65.6	66.5	119.7	129
Provision for income taxes		19.5	18.4	35.1	37
Net income from continuing operations		46.1	48.1	84.6	92
Loss from discontinued operations, net of income taxes		(0.4)	(0.1)	(0.5)	(0.3)
Net income		45.7	48	84.1	91.7
Noncontrolling interest		0	0.3	0	0.3
Net income attributable to Teledyne		45.7	48.3	84.1	92
Amounts attributable to Teledyne:
Net income from continuing operations		46.1	48.4	84.6	92.3
Loss from discontinued operations, net of income taxes		$ (0.4)	$ (0.1)	$ (0.5)	$ (0.3)
Basic earnings per common share:
Continuing operations (in USD per share)		$ 1.34	$ 1.37	$ 2.45	$ 2.60
Discontinued operations (in USD per share)		(0.01)	0	(0.01)	(0.01)
Basic earnings per common share (in USD per share)		$ 1.33	$ 1.37	$ 2.44	$ 2.59
Weighted average common shares outstanding (in shares)		34.4	35.3	34.4	35.5
Diluted earnings per common share:
Continuing operations (in USD per share)		$ 1.32	$ 1.34	$ 2.42	$ 2.54
Discontinued operations (in USD per share)		(0.01)	0	(0.01)	(0.01)
Diluted earnings per common share (in USD per share)		$ 1.31	$ 1.34	$ 2.41	$ 2.53
Weighted average diluted common shares outstanding (in shares)		35	36.1	35	36.3
[1]	(a)Net sales excludes inter-segment sales of $6.9 million and $12.0 million for the second quarter and six months ended July 3, 2016, respectively, and $3.8 million and $8.1 million for the second quarter and six months ended June 28, 2015, respectively.

Condensed Consolidated Stateme3

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 45.7	$ 48	$ 84.1	$ 91.7
Other comprehensive (loss) income:
Foreign exchange translation adjustment	(11.8)	20.8	11.3	(28.4)
Hedge activity, net of tax	0.9	1.8	5.5	(0.5)
Pension and postretirement benefit adjustments, net of tax	3.9	4	7.5	8.9
Other comprehensive (loss) income	(7)	26.6	24.3	(20)
Comprehensive income	38.7	74.6	108.4	71.7
Noncontrolling interest	0	0.3		0.3
Comprehensive income attributable to Teledyne	$ 38.7	$ 74.9	$ 108.4	$ 72

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jul. 03, 2016	Jan. 03, 2016
Current Assets
Cash	$ 71.7	$ 85.1
Restricted cash	19.5	0
Accounts receivable, net	367.6	368.6
Inventories, net	319	304.1
Prepaid expenses and other current assets	40.9	59.4
Assets held for sale	11.8	12.1
Total current assets	830.5	829.3
Property, plant and equipment, at cost, net of accumulated depreciation and amortization of $453.1 at July 3, 2016 and $443.2 at January 3, 2016	321.9	318.8
Goodwill	1,186.5	1,140.2
Acquired intangibles, net	246.1	243.3
Prepaid pension assets	124.5	111
Other assets, net	71	74.5
Total Assets	2,780.5	2,717.1
Current Liabilities
Accounts payable	134	134.2
Accrued liabilities	252.3	237.5
Current portion of long-term debt and capital leases	13.5	19.1
Liabilities held for sale	2.5	2.8
Total current liabilities	402.3	393.6
Long-term debt and capital leases	678.2	761.5
Other long-term liabilities	222.9	217.9
Total Liabilities	1,303.4	1,373
Commitments and contingencies
Stockholders’ Equity
Preferred stock, $0.01 par value; outstanding shares - none	0	0
Common stock, $0.01 par value; authorized 125,000,000 shares; issued shares: 37,697,865 at July 3, 2016 and 37,697,865 at January 3, 2016: outstanding shares: 34,619,385 at July 3, 2016 and 34,514,599 at January 3, 2016	0.4	0.4
Additional paid-in capital	351	345.3
Retained earnings	1,805.6	1,721.5
Treasury stock, 3,078,480 at July 3, 2016 and 3,183,266 at January 3, 2016	(291)	(309.9)
Accumulated other comprehensive loss	(388.9)	(413.2)
Total Stockholders’ Equity	1,477.1	1,344.1
Total Liabilities and Stockholders’ Equity	$ 2,780.5	$ 2,717.1

Condensed Consolidated Balance5

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Jul. 03, 2016	Jan. 03, 2016
Statement of Financial Position [Abstract]
Accumulated depreciation and amortization	$ 453.1	$ 443.2
Preferred stock, par value (in USD per share)	$ 0.01	$ 0.01
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in USD per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	125,000,000	125,000,000
Common stock, shares, issued (in shares)	37,697,865	37,697,865
Common stock, shares outstanding (in shares)	34,619,385	34,514,599
Treasury stock (in shares)	3,078,480	3,183,266

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jul. 03, 2016	Jun. 28, 2015
Operating Activities
Net income	$ 84.1	$ 91.7
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	42.6	45.8
Deferred income taxes	10.9	0.6
Stock option compensation expense	6.2	7.1
Excess income tax benefits from stock options exercised	(1.2)	(2.1)
Gain on sale of facility	(17.9)
Changes in operating assets and liabilities, excluding the effect of businesses acquired:
Accounts receivable	6.8	2.9
Inventories	(12.6)	(20.9)
Prepaid expenses and other assets	0.7	(0.5)
Accounts payable	(2.1)	(18.1)
Accrued liabilities	16.2	(34.9)
Income taxes receivable/payable, net	24.8	6.1
Long-term assets	0.9	0.7
Other long-term liabilities	1.7	3
Pension and postretirement benefits	(9.3)	(6.8)
Other, net	0.4	(0.5)
Net cash provided by operating activities from continuing operations	152.2	74.1
Net cash provided by discontinued operations	0.5	1.6
Net cash provided by operating activities	152.7	75.7
Investing Activities
Purchases of property, plant and equipment	(30.5)	(21.1)
Purchase of businesses and other investments, net of cash acquired	(58.3)	(62.4)
Proceeds from sale of assets	20.2	3.3
Sales proceeds transferred to escrow as restricted cash	(19.5)	0
Other, net	(0.5)
Net cash used in investing activities from continuing operations	(88.6)	(80.2)
Net cash used in discontinued operations		(0.2)
Net cash used in investing activities	(88.6)	(80.4)
Financing Activities
Net (payments) proceeds on credit facility	(74.9)	75
Proceeds on other debt	6.4
Payments on other debt	(19.8)	(15.3)
Proceeds from exercise of stock options	9.6	10.8
Purchase of treasury stock	0	(142)
Excess income tax benefits from stock options exercised	1.2	2.1
Other, net	(0.4)	(0.5)
Net cash used in financing activities	(77.9)	(69.9)
Effect of exchange rate changes on cash	0.4	(5.5)
Decrease in cash	(13.4)	(80.1)
Cash—beginning of period	85.1	141.4
Cash—end of period	$ 71.7	$ 61.3

General

General	6 Months Ended
	Jul. 03, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
General	General Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared by Teledyne Technologies Incorporated (“Teledyne” or the “Company”) pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and disclosures normally included in notes to consolidated financial statements have been condensed or omitted pursuant to such rules and regulations, but resultant disclosures are in accordance with accounting principles generally accepted in the United States as they apply to interim reporting. The condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and the related notes in Teledyne’s Annual Report on Form 10-K for the fiscal year ended January 3, 2016 (“ 2015 Form 10-K”). In the opinion of Teledyne’s management, the accompanying unaudited condensed consolidated financial statements contain all adjustments (consisting of normal recurring adjustments) necessary to present fairly, in all material respects, Teledyne’s consolidated financial position as of July 3, 2016 and the consolidated results of operations and consolidated comprehensive income for the three and six months then ended and cash flows for the six months then ended. The results of operations and cash flows for the period ended July 3, 2016 are not necessarily indicative of the results of operations or cash flows to be expected for any subsequent quarter or the full fiscal year. In the third quarter of 2016, Teledyne sold assets of the Printed Circuit Technology business for $ 9.3 million in cash. As a result, these financial statements reflect the classification of our Printed Circuit Technology business as a discontinued operation. See Note 14 to these condensed consolidated financial statements for additional information. Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers, which provides a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and will supersede most current revenue recognition guidance. In July 2015, the FASB deferred the effective date by one year, but will allow early adoption as of the original adoption date. This new guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017, and can be adopted either retrospectively to each prior reporting period presented or as a cumulative-effect adjustment as of the date of adoption. The Company is currently in the process of determining its implementation approach and evaluating the impact this guidance will have on the consolidated financial statements and footnote disclosures. In March 2016, the FASB Issued ASU No. 2016-09, Compensation - Stock Compensation (Topic 718), Improvements to Employee Share-Based Payment Accounting. The ASU is intended to simplify several aspects of the accounting for employee share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The guidance is effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods, with early adoption permitted for any entity in any interim or annual period. The Company is currently evaluating the impact this guidance will have on the consolidated financial statements and footnote disclosures. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). The new guidance will require lessees to recognize almost all leases on their balance sheet as a right-of-use asset and a lease liability, other than leases that meet the definition of a short- term lease. For income statement purposes, the FASB retained a dual model, requiring leases to be classified as either operating or finance. The new leasing standard will be effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted. The new standard must be adopted using a modified retrospective transition, requiring application at the beginning of the earliest comparative period presented. The Company is currently evaluating the impact this guidance will have on the consolidated financial statements and footnote disclosures.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jul. 03, 2016
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) The changes in accumulated other comprehensive income ( “ AOCI ”) by component, net of tax, for the second quarter and six months ended July 3, 2016 and June 28, 2015 are as follows (in millions): Foreign Currency Translation Cash Flow Hedges and Other Pension and Postretirement Benefits Total Balance as of April 3, 2016 $ (151.1 ) $ (2.1 ) $ (228.7 ) $ (381.9 ) Other comprehensive income (loss) before reclassifications (11.8 ) 0.3 — (11.5 ) Amounts reclassified from AOCI — 0.6 3.9 4.5 Net other comprehensive income (loss) (11.8 ) 0.9 3.9 (7.0 ) Balance as of July 3, 2016 $ (162.9 ) $ (1.2 ) $ (224.8 ) $ (388.9 ) Foreign Currency Translation Cash Flow Hedges and Other Pension and Postretirement Benefits Total Balance as of March 29, 2015 $ (139.8 ) $ (7.6 ) $ (222.4 ) $ (369.8 ) Other comprehensive income before reclassifications 20.8 0.4 — 21.2 Amounts reclassified from AOCI — 1.4 4.0 5.4 Net other comprehensive income 20.8 1.8 4.0 26.6 Balance as of June 28, 2015 $ (119.0 ) $ (5.8 ) $ (218.4 ) $ (343.2 ) Foreign Currency Translation Cash Flow Hedges and Other Pension and Postretirement Benefits Total Balance as of January 3, 2016 $ (174.2 ) $ (6.7 ) $ (232.3 ) $ (413.2 ) Other comprehensive income before reclassifications 11.3 3.3 — 14.6 Amounts reclassified from AOCI — 2.2 7.5 9.7 Net other comprehensive income 11.3 5.5 7.5 24.3 Balance as of July 3, 2016 $ (162.9 ) $ (1.2 ) $ (224.8 ) $ (388.9 ) Foreign Currency Translation Cash Flow Hedges and Other Pension and Postretirement Benefits Total Balance as of December 28, 2014 $ (90.6 ) $ (5.3 ) $ (227.3 ) $ (323.2 ) Other comprehensive loss before reclassifications (28.4 ) (2.9 ) — (31.3 ) Amounts reclassified from AOCI — 2.4 8.9 11.3 Net other comprehensive income (loss) (28.4 ) (0.5 ) 8.9 (20.0 ) Balance as of June 28, 2015 $ (119.0 ) $ (5.8 ) $ (218.4 ) $ (343.2 ) The reclassifications out of AOCI for the second quarter and six months ended July 3, 2016 and June 28, 2015 are as follows (in millions): Amount Reclassified from AOCI Three Months Ended Amount Reclassified from AOCI Three Months Ended Statement of Income July 3, 2016 June 28, 2015 Presentation Loss on cash flow hedges: Loss recognized in income on derivatives $ 0.8 $ 1.8 Cost of sales Income tax benefit (0.2 ) (0.4 ) Income tax benefit Total $ 0.6 $ 1.4 Amortization of defined benefit pension and postretirement plan items: Amortization of prior service cost $ (1.5 ) $ (1.5 ) Costs and expenses Amortization of net actuarial loss 7.4 8.1 Costs and expenses Total before tax 5.9 6.6 Income tax benefit (2.0 ) (2.6 ) Income tax benefit Total $ 3.9 $ 4.0 Amount Reclassified from AOCI Six Months Ended Amount Reclassified from AOCI Six Months Ended Statement of Income July 3, 2016 June 28, 2015 Presentation Loss on cash flow hedges: Loss recognized in income on derivatives $ 3.0 $ 3.2 Cost of sales Income tax benefit (0.8 ) (0.8 ) Income tax benefit Total $ 2.2 $ 2.4 Amortization of defined benefit pension and postretirement plan items: Amortization of prior service cost $ (3.0 ) $ (3.0 ) Costs and expenses Amortization of net actuarial loss 14.5 17.1 Costs and expenses Total before tax 11.5 14.1 Income tax benefit (4.0 ) (5.2 ) Income tax benefit Total $ 7.5 $ 8.9

Business Combinations, Investme

Business Combinations, Investments, Dispositions, Goodwill and Acquired Intangible Assets	6 Months Ended
	Jul. 03, 2016
Business Combinations and Investments, Goodwill and Acquired Intangible Assets [Abstract]
Business Combinations, Investments, Goodwill and Acquired Intangible Assets	Business Combinations, Dispositions, Goodwill and Acquired Intangible Assets On May 3, 2016, Teledyne DALSA, a Canadian-based subsidiary, acquired CARIS, Inc. (“CARIS”) for an initial payment of $ 26.6 million , net of cash acquired. Based in Fredericton, New Brunswick, CARIS is a leading developer of geospatial software designed for the hydrographic and marine community and is part of the Digital Imaging segment. On April 15, 2016, Teledyne LeCroy, Inc., a U.S.-based subsidiary, acquired Quantum Data, Inc. (“Quantum Data”) for an initial payment of $ 17.5 million . Based in Elgin, Illinois, Quantum Data provides electronic test and measurement instrumentation, is a market leader in video protocol analysis test tools and is part of the Instrumentation segment. On April 6, 2016, Teledyne LeCroy, Inc., a U.S.-based subsidiary, acquired Frontline Test Equipment, Inc. (“Frontline”) for an initial payment of $ 14.2 million . Based in Charlottesville, Virginia, Frontline provides electronic test and measurement instrumentation, is a market leader in wireless protocol analysis test tools, and is part of the Instrumentation segment. Each of the above acquisitions is subject to a working capital adjustment. Teledyne spent $ 66.7 million on acquisitions and other investments in 2015, of which $ 62.4 million was spent in the first six months of 2015. In June 2015, Teledyne DALSA BV, a Netherlands-based subsidiary, acquired Industrial Control Machines SA (“ICM”). In April 2015, Teledyne DALSA, Inc. acquired the remaining 49% noncontrolling interest in the parent company of Optech Incorporated (“Optech”). On February 2015, Teledyne acquired Bowtech Products Limited (“Bowtech”) through a U.K.-based subsidiary. Also in 2015, Teledyne made an additional investment in Ocean Aero, Inc. (“Ocean Aero”). Teledyne funded the purchases from borrowings under its credit facility and cash on hand. The results of the acquisitions have been included in Teledyne’s results since the dates of the respective acquisition. For a further description of the Company’s acquisition activity for the fiscal year ended January 3, 2016 , please refer to Note 3 of our 2015 Annual Report on Form 10-K (“ 2015 Form 10-K”). Teledyne’s goodwill was $1,186.5 million at July 3, 2016 and $1,140.2 million at January 3, 2016 . The increase in the balance of goodwill in 2016 included $ 40.4 million in goodwill from recent acquisitions and also the impact of exchange rate changes. Goodwill from the 2016 acquisitions will be deductible for tax purposes. Teledyne’s net acquired intangible assets were $246.1 million at July 3, 2016 and $243.3 million at January 3, 2016 . The increase in the balance of acquired intangible assets in 2016 included $ 15.5 million from recent acquisitions and the impact of exchange rate changes, partially offset by amortization of $ 14.2 million . The Company is still in the process of specifically identifying the amount to be assigned to certain assets, including acquired intangible assets, and liabilities and the related impact on taxes and goodwill for the 2016 acquisitions. The Company made preliminary estimates as of July 3, 2016 since there was insufficient time between the acquisition dates and the end of the period to finalize the analysis. See Note 14 to these condensed consolidated financial statements for additional information on the sale of the Printed Circuit Technology business. In the second quarter of 2016, Teledyne sold a former operating facility in California for net proceeds of $ 19.5 million . The gain on the sale of $ 17.9 million is included in other income. In conjunction with the sale of this former operating facility, Teledyne entered into a like-kind exchange agreement under Section 1031 of the U.S. Internal Revenue Code with a qualified intermediary. Pursuant to the like-kind exchange agreement, the net proceeds of $ 19.5 million were placed into an escrow account administered by a qualified intermediary. Accordingly, the net proceeds of $ 19.5 million were classified as restricted cash on the condensed consolidated balance sheet as of July 3, 2016.

Derivative Instruments

Derivative Instruments	6 Months Ended
	Jul. 03, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments Teledyne transacts business in various foreign currencies and has international sales and expenses denominated in foreign currencies, subjecting the Company to foreign currency risk. The Company’s primary foreign currency risk management objective is to protect the United States dollar value of future cash flows and minimize the volatility of reported earnings. All derivatives are recorded on the balance sheet at fair value. As discussed below, the accounting for gains and losses resulting from changes in fair value depends on the use of the derivative and whether it is designated and qualifies for hedge accounting. The Company utilizes foreign currency forward contracts to reduce the volatility of cash flows primarily related to forecasted revenues and expenses denominated in Canadian dollars for our Canadian companies, including DALSA. These contracts are designated and qualify as cash flow hedges. Cash Flow Hedging Activities The effectiveness of the cash flow hedge contracts, excluding time value, is assessed prospectively and retrospectively on a monthly basis using regression analysis, as well as using other timing and probability criteria. To receive hedge accounting treatment, all hedging relationships are formally documented at the inception of the hedges and must be highly effective in offsetting changes to future cash flows on hedged transactions. The effective portion of the cash flow hedge contracts’ gains or losses resulting from changes in the fair value of these hedges is initially reported, net of tax, as a component of AOCI in stockholders’ equity until the underlying hedged item is reflected in our consolidated statements of income, at which time the effective amount in AOCI is reclassified to cost of sales in our consolidated statements of income. Net deferred gains recorded in AOCI, net of tax, for contracts that will mature in the next twelve months total $0.8 million . These gains are expected to be offset by anticipated losses in the value of the forecasted underlying hedged item. In the event that the gains or losses in AOCI are deemed to be ineffective, the ineffective portion of gains or losses resulting from changes in fair value, if any, is reclassified to other income and expense. In the event that the underlying forecasted transactions do not occur, or it becomes remote that they will occur, within the defined hedge period, the gains or losses on the related cash flow hedges will be reclassified from AOCI to other income and expense. During the current reporting period, all forecasted transactions occurred and, therefore, there were no such gains or losses reclassified to other income and expense. As of July 3, 2016 , Teledyne had foreign currency forward contracts designated as cash flow hedges to buy Canadian dollars and to sell U.S. dollars totaling $67.4 million . These foreign currency forward contracts have maturities ranging from September 2016 to February 2018. The effect of derivative instruments designated as cash flow hedges in the condensed consolidated financial statements for the second quarter and six months ended July 3, 2016 and June 28, 2015 was as follows (in millions): Second Quarter Six Months 2016 2015 2016 2015 Net gain (loss) recognized in AOCI (a) $ 0.5 $ 0.7 $ 4.4 $ (3.9 ) Net loss reclassified from AOCI into cost of sales (a) $ (0.8 ) $ (1.8 ) $ (3.0 ) $ (3.2 ) Net foreign exchange gain (loss) recognized in other income and expense (b) $ — $ — $ (0.2 ) $ 0.3 a) Effective portion, pre-tax b) Amount excluded from effectiveness testing Non-Designated Hedging Activities In addition, the Company utilizes foreign currency forward contracts to mitigate foreign exchange rate risk associated with foreign-currency-denominated monetary assets and liabilities, including intercompany receivables and payables. As of July 3, 2016 , Teledyne had foreign currency contracts of this type in the following pairs (in millions): Contracts to Buy Contracts to Sell Currency Amount Currency Amount Canadian Dollars C$ 13.3 U.S. Dollars US$ 10.6 Canadian Dollars C$ 11.8 Euros € 8.1 Euros € 10.5 U.S. Dollars US$ 12.0 Great Britain Pounds £ 1.2 Australian Dollars A$ 2.4 Great Britain Pounds £ 21.9 U.S. Dollars US$ 31.6 Singapore Dollars S$ 1.7 U.S. Dollars US$ 1.2 U.S. Dollars US$ 1.0 Japanese Yen ¥ 100.0 The above table includes non-designated hedges derived from terms contained in triggered or previously designated cash flow hedges. The gains and losses on these derivatives which are not designated as hedging instruments are intended to, at a minimum, partially offset the transaction gains and losses recognized in earnings. Teledyne does not use foreign currency forward contracts for speculative or trading purposes. The effect of derivative instruments not designated as cash flow hedges recognized in other income and expense for the second quarter and six months ended July 3, 2016 was expense of $2.3 million and gain of $0.3 million . The effect of derivative instruments not designated as cash flow hedges in other income and expense for the second quarter and six months ended June 28, 2015 was expense of $2.5 million and gain of $2.3 million . Fair Value of Derivative Financial Instruments The fair values of the Company’s derivative financial instruments are presented below. All fair values for these derivatives were measured using Level 2 information as defined by the accounting standard hierarchy (in millions): Asset/(Liability) Derivatives Balance sheet location July 3, 2016 January 3, 2016 Derivatives designated as hedging instruments: Cash flow forward contracts Other assets $ 1.1 $ — Cash flow forward contracts Accrued liabilities — (4.7 ) Cash flow forward contracts Other long-term liabilities — (1.3 ) Total derivatives designated as hedging instruments 1.1 (6.0 ) Derivatives not designated as hedging instruments: Non-designated forward contracts Other current assets 0.9 0.2 Non-designated forward contracts Accrued liabilities (4.0 ) (6.0 ) Total derivatives not designated as hedging instruments (3.1 ) (5.8 ) Total liability derivatives $ (2.0 ) $ (11.8 )

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jul. 03, 2016
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic and diluted earnings per share were computed based on net earnings. The weighted average number of common shares outstanding during the period was used in the calculation of basic earnings per share. The calculation of diluted earnings per share is based on the weighted average number of common shares outstanding increased by contingent dilutive shares that could be issued under: 1) various compensation plans, including the dilutive effect of stock options based on the treasury stock method and 2) the forward contract feature of the accelerated repurchase program. On February 2, 2015, the Company entered into a $ 142.0 million accelerated share repurchase (“ASR”) agreement with a financial institution (“ASR Counterparty”) in a privately negotiated transaction for 1,500,000 shares of the Company's common stock. Pursuant to the ASR agreement, in February 2015, the Company advanced $ 142.0 million to the ASR counterparty and received 1,425,000 shares of common stock, which used $ 134.9 million of the $ 142.0 million advanced. In November 2015, the February 2015 ASR was settled with the Company making a payment of $ 1.2 million . In November 2015, the Company entered into a $ 100.5 million ASR agreement with a financial institution in a privately negotiated transaction for 1,100,000 shares of the Company's common stock. Pursuant to the ASR agreement, the Company advanced $ 100.5 million to the ASR counterparty and received 1,045,000 shares of common stock. On February 19, 2016, the November 2015 ASR was settled and Teledyne received 135,374 shares of common stock. In 2015, the Company spent a total of $ 243.8 million to repurchase a total of 2,561,815 shares of its common stock. On January 26, 2016, the Company’s Board of Directors authorized an additional stock repurchase program authorizing the Company to repurchase up to an additional 3,000,000 shares of its common stock. The 2015 and 2016 stock repurchase authorizations are expected to remain open continuously, with respect to the shares remaining thereunder, and the number of shares repurchased will depend on a variety of factors, such as share price, levels of cash and borrowing capacity available, alternative investment opportunities available immediately or longer-term, and other regulatory, market or economic conditions. Future repurchases are expected to be funded with cash on hand and borrowings under the Company's credit facility. For a further description of the Company’s stock repurchase program, please refer to Note 8 of the 2015 Form 10-K. For the second quarter and the first six months of 2016 , 498,895 and 504,686 stock options were excluded in the computation of diluted earnings per share because they had exercise prices that were greater than the weighted average market price of the Company’s common stock during the period. For the second quarter and the first six months of 2015 , no stock options were excluded in the computation of diluted earnings per share. The weighted average number of common shares used in the calculation of basic and diluted earnings per share consisted of the following (in millions): Second Quarter Six Months 2016 2015 2016 2015 Weighted average basic common shares outstanding 34.4 35.3 34.4 35.5 Effect of dilutive securities 0.6 0.8 0.6 0.8 Weighted average diluted common shares outstanding 35.0 36.1 35.0 36.3

Stock-Based Compensation Plans

Stock-Based Compensation Plans	6 Months Ended
	Jul. 03, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation Plans	Stock-Based Compensation Plans Teledyne has long-term incentive plans pursuant to which it has granted non-qualified stock options, restricted stock and performance shares to certain employees. The Company also has non-employee director stock compensation plans, pursuant to which non-qualified stock options and common stock, and beginning in 2015 restricted stock units, have been issued to its directors. After 2014, non-employee directors no longer receive non-qualified stock options. Stock Incentive Plan The following disclosures are based on stock options granted to Teledyne’s employees and directors. Stock option compensation expense was $2.9 million and $ 6.2 million for the second quarter and first six months of 2016 , respectively. Stock option compensation expense was $3.3 million and $ 7.1 million for the second quarter and first six months of 2015. Employee stock option grants are charged to expense evenly over the three year vesting period. Director stock option grants are charged to expense evenly over the one -year vesting period. For 2016 , the Company currently expects approximately $11.5 million in stock option compensation expense based on stock options currently outstanding. This amount can be impacted by employee retirements and terminations or stock options granted during the remainder of the year. The Company issues shares of common stock upon the exercise of stock options. No stock options were granted in 2015. The following assumptions were used in the valuation of stock options granted in 2016: 2016 Expected volatility 32.7 % Risk-free interest rate 1.5 % Expected life in years 7.2 Expected dividend yield — Weighted average fair value $29.95 Stock option transactions for the second quarter and six months ended July 3, 2016 are summarized as follows: 2016 Second Quarter Six Months Shares Weighted Average Exercise Price Shares Weighted Average Exercise Price Beginning balance 2,823,506 $ 66.87 2,383,870 $ 63.74 Granted 2,000 $ 93.67 520,310 $ 78.46 Exercised (132,002 ) $ 53.61 (195,970 ) $ 49.31 Canceled (13,526 ) $ 84.71 (28,232 ) $ 81.79 Ending balance 2,679,978 $ 67.46 2,679,978 $ 67.46 Options exercisable at end of period 2,011,396 $ 62.57 2,011,396 $ 62.57 Performance Share Plan and Restricted Stock Award Program In the first quarter of 2016, the Company issued 864 shares of Teledyne common stock under the 2012 to 2014 Performance Share Plan. A maximum of 1,883 shares remain to be issued in 2017 under the plan. The following table shows the restricted stock activity for fiscal year 2016: Restricted stock: Shares Weighted average fair value per share Balance, January 3, 2016 109,170 $ 83.58 Granted 47,409 $ 77.93 Issued (48,891 ) $ 75.30 Forfeited/Canceled (152 ) $ 64.46 Balance, July 3, 2016 107,536 $ 84.87

Inventories

Inventories	6 Months Ended
	Jul. 03, 2016
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories are stated at current cost net of reserves for excess, slow moving and obsolete inventory, less progress payments. Inventories are valued under the FIFO method, LIFO method and average cost method. Inventories at cost determined on the average cost or the FIFO methods were $229.8 million at July 3, 2016 and $239.0 million at January 3, 2016 . The remainder of the inventories using the LIFO method were $108.8 million at July 3, 2016 and $91.6 million at January 3, 2016 . Interim LIFO calculations are based on the Company’s estimates of expected year-end inventory levels and costs since an actual valuation of inventory under the LIFO method can be made only at the end of each year based on the inventory levels and costs at that time. Because these are subject to many factors beyond the Company’s control, interim results are subject to the final year-end LIFO inventory valuation. Balance at Inventories (in millions): July 3, 2016 January 3, 2016 Raw materials and supplies $ 143.3 $ 139.1 Work in process 149.5 146.1 Finished goods 45.8 45.4 338.6 330.6 Progress payments (5.9 ) (12.3 ) Reduction to LIFO cost basis (13.7 ) (14.2 ) Total inventories, net $ 319.0 $ 304.1

Supplemental Balance Sheet Info

Supplemental Balance Sheet Information	6 Months Ended
	Jul. 03, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Supplemental Balance Sheet Information	Supplemental Balance Sheet Information The following table presents the balance of selected components of Teledyne’s balance sheet: Balance at Balance sheet items (in millions) Balance sheet classification July 3, 2016 January 3, 2016 Income tax receivable Prepaid expenses and other current assets $ 6.7 $ 28.8 Deferred compensation assets Other assets, net $ 47.6 $ 47.9 Salaries and wages Accrued liabilities $ 83.0 $ 89.2 Customer deposits and credits Accrued liabilities $ 58.6 $ 37.6 Accrued pension obligation Other long-term liabilities $ 43.3 $ 46.7 Accrued postretirement benefits Other long-term liabilities $ 9.1 $ 9.6 Deferred compensation liabilities Other long-term liabilities $ 45.4 $ 43.9 Deferred tax liabilities Other long-term liabilities $ 46.7 $ 37.9 Some of the Company’s products are subject to specified warranties, and the Company provides for the estimated cost of product warranties. The adequacy of the warranty reserve is assessed regularly, and the reserve is adjusted as necessary based on a review of historic warranty experience with respect to the applicable business or products, as well as the length and actual terms of the warranties. The warranty reserve is included in current and long-term accrued liabilities on the balance sheet. Six Months Warranty Reserve (in millions): 2016 2015 Balance at beginning of year $ 17.1 $ 18.5 Accruals for product warranties charged to expense 3.5 3.7 Cost of product warranty claims (3.4 ) (4.0 ) Acquisitions 0.3 0.2 Balance at end of period $ 17.5 $ 18.4

Income Taxes

Income Taxes	6 Months Ended
	Jul. 03, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The income tax provision is calculated using an estimated annual effective tax rate, based upon expected annual income, permanent items, statutory rates and planned tax strategies in the various jurisdictions in which the Company operates. However, losses in certain jurisdictions and discrete items, such as the resolution of uncertain tax positions, are treated separately. The Company’s effective income tax rate for the second quarter and first six months of 2016 was 29.7% and 29.3% , respectively. The Company’s effective income tax rate for the second quarter and first six months of 2015 was 27.5% and 28.6% , respectively. The second quarter of 2016 included net discrete income tax expense of $6.9 million compared with net discrete income tax benefit of $1.3 million for the second quarter of 2015 . The first six months of 2016 included $ 6.9 million in net discrete income tax expense, compared with net discrete income tax benefits of $ 1.1 million for the first six months of 2015. The net discrete tax expense of $ 6.9 million in both 2016 periods, includes $ 6.7 million in income tax expense related to the $ 17.9 million gain on the sale of the operating facility. Excluding net discrete income tax items in both periods, and the gain and related taxes on the facility sale in 2016, the effective tax rates would have been 26.4% for the second quarter and 27.7% for the first six months of 2016 and 29.5% for both the second quarter and first six months of 2015.

Long-Term Debt, Capital Lease a

Long-Term Debt, Capital Lease and Letters of Credit	6 Months Ended
	Jul. 03, 2016
Debt Disclosure [Abstract]
Long-Term Debt, Capital Lease and Letters of Credit	Long-Term Debt, Capital Lease and Letters of Credit Balance at Long-Term Debt (in millions): July 3, 2016 January 3, 2016 $750.0 million credit facility due March 2018, weighted average rate of 1.62% at July 3, 2016 and 1.67% at January 3, 2016 $ 75.6 $ 150.5 Term loans due through March 2019, weighted average rate of 1.71% at July 3, 2016 and 1.55% at January 3, 2016 185.0 190.0 4.74% Fixed Rate Senior Notes due September 2017 100.0 100.0 2.61% Fixed Rate Senior Notes due December 2019 30.0 30.0 5.30% Fixed Rate Senior Notes due September 2020 75.0 75.0 2.81% Fixed Rate Senior Notes due November 2020 25.0 25.0 3.09% Fixed Rate Senior Notes due December 2021 95.0 95.0 3.28% Fixed Rate Senior Notes due November 2022 100.0 100.0 Other debt at various rates due through 2018 0.2 — Total debt 685.8 765.5 Less: current portion of long-term debt and debt issuance costs (a) (13.8 ) (11.4 ) Total long-term debt $ 672.0 $ 754.1 (a) Includes debt issue costs associated with the term loans and senior notes of $ 1.3 million at July 3, 2016 and $ 1.4 million at January 3, 2016. Available borrowing capacity under the $750.0 million credit facility, which is reduced by borrowings and certain outstanding letters of credit, was $636.6 million at July 3, 2016 . The credit agreements require the Company to comply with various financial and operating covenants and at July 3, 2016 , the Company was in compliance with these covenants. 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 Company’s long-term debt is considered a level 2 fair value hierarchy and is valued based on observable market data. The estimated fair value of Teledyne’s long-term debt at July 3, 2016 and January 3, 2016 , approximated the carrying value. At July 3, 2016 , the Company had $7.2 million in capital leases, of which $1.0 million is current. At January 3, 2016 , the Company had $8.6 million in capital leases, of which $1.2 million was current. At July 3, 2016 , Teledyne had $12.2 million in outstanding letters of credit.

Lawsuits, Claims, Commitments,

Lawsuits, Claims, Commitments, Contingencies and Related Matters	6 Months Ended
	Jul. 03, 2016
Commitments and Contingencies Disclosure [Abstract]
Lawsuits, Claims, Commitments, Contingencies and Related Matters	Lawsuits, Claims, Commitments, Contingencies and Related Matters For a further description of the Company’s commitments and contingencies, reference is made to Note 14 of the Company’s financial statements as of and for the fiscal year ended January 3, 2016 , included in the 2015 Form 10-K. At July 3, 2016 , the Company’s reserves for environmental remediation obligations totaled $7.9 million , of which $4.4 million is included in current accrued liabilities. The Company periodically evaluates whether it may be able to recover a portion of future costs for environmental liabilities from its insurance carriers and from third parties. The timing of expenditures depends on a number of factors that vary by site, including the nature and extent of contamination, the number of potentially responsible parties, the timing of regulatory approvals, the complexity of the investigation and remediation, and the standards for remediation. The Company expects that it will expend present accruals over many years and will complete remediation of all sites with which it has been identified in up to 30 years . A number of other lawsuits, claims and proceedings have been or may be asserted against the Company, including those pertaining to product liability, acquisitions, patent infringement, contracts, environmental, employment and employee benefits matters. While the outcome of litigation cannot be predicted with certainty, and some of these lawsuits, claims or proceedings may be determined adversely to the Company, management does not believe that the disposition of any such pending matters is likely to have a material adverse effect on the Company’s financial statements.

Pension Plans and Postretiremen

Pension Plans and Postretirement Benefits	6 Months Ended
	Jul. 03, 2016
Compensation and Retirement Disclosure [Abstract]
Pension Plans and Postretirement Benefits	Pension Plans and Postretirement Benefits Teledyne’s pension income was $0.6 million for the second quarter and $ 1.1 million for first six months of 2016 . Teledyne’s pension expense was $1.1 million for the second quarter and $ 0.9 million for first six months of 2015 . In the first quarter of 2015, Teledyne froze its non-qualified pension plan for top executives which resulted in a one-time gain of $1.2 million in the first quarter of 2015. For the domestic pension plan, the discount rate increased to 4.91 percent in 2016 compared with a 4.5 percent discount rate used in 2015 . Pension expense allocated to contracts pursuant to U.S. Government Cost Accounting Standards (“CAS”) was $3.4 million for both the second quarters of 2016 and 2015, respectively. Pension expense determined under CAS can generally be recovered through the pricing of products and services sold to the U.S. Government. Teledyne did not make any cash pension contributions to its domestic pension plan in the first six months of 2016 or in 2015. No cash pension contributions are planned for 2016 for the domestic pension plan. The Company sponsors several postretirement defined benefit plans that provide health care and life insurance benefits for certain eligible retirees. Second Quarter Six Months Net periodic pension benefit income (in millions): 2016 2015 2016 2015 Service cost — benefits earned during the period $ 2.8 $ 3.4 $ 5.6 $ 6.7 Interest cost on benefit obligation 10.1 9.8 20.2 19.7 Expected return on plan assets (18.8 ) (19.1 ) (37.5 ) (38.3 ) Amortization of prior service cost (1.5 ) (1.5 ) (3.0 ) (3.0 ) Amortization of net actuarial loss 6.8 8.5 13.6 17.0 Pension plan curtailment — — — (1.2 ) Net periodic pension (income) expense $ (0.6 ) $ 1.1 $ (1.1 ) $ 0.9 Second Quarter Six Months Net periodic postretirement benefits expense (in millions): 2016 2015 2016 2015 Interest cost on benefit obligation $ 0.2 $ 0.2 $ 0.3 $ 0.3 Amortization of net actuarial gain (0.1 ) (0.1 ) (0.2 ) (0.1 ) Net periodic postretirement expense $ 0.1 $ 0.1 $ 0.1 $ 0.2

Segment Information

Segment Information	6 Months Ended
	Jul. 03, 2016
Segment Reporting [Abstract]
Segment Information	Segment Information Teledyne is a leading provider of sophisticated instrumentation, digital imaging products and software, aerospace and defense electronics, and engineered systems. Our customers include government agencies, aerospace prime contractors, energy exploration and production companies, major industrial companies and airlines. The Company has four reportable segments: Instrumentation; Digital Imaging; Aerospace and Defense Electronics; and Engineered Systems. Segment results include net sales and operating income by segment but excludes noncontrolling interest, equity income or loss, unusual non-recurring legal matter settlements, interest income and expense, gains and losses on the disposition of assets, sublease rental income and non-revenue licensing and royalty income, domestic and foreign income taxes and corporate office expenses. Corporate expense includes various administrative expenses relating to the corporate office and certain non-operating expenses not allocated to our segments. During 2016, as part of a continuing effort to reduce costs and improve operating performance the Company took actions to consolidate and relocate certain facilities and reduce headcount across various businesses, reducing our exposure to weak end markets and high cost locations. In connection with these efforts, in the second quarter of 2016, the Company incurred pretax charges of $ 5.8 million in severance related expenses and $ 4.4 million in facility closure and relocation expenses and $ 0.6 million of asset impairment expense. The Company incurred $ 2.1 million of similar expenses in the second quarter of 2015. The second quarter of 2015 also included the reversal of similar reserves of $ 1.7 million that were no longer needed. The following tables set forth details regarding severance and facility consolidation expenses incurred in 2016 and 2015 (in millions): 2016 2015 First Quarter Second Quarter Year to Date First Quarter Second Quarter Year to Date Instrumentation $ 0.6 $ 8.1 $ 8.7 $ 0.1 $ 1.3 $ 1.4 Digital Imaging 0.1 1.7 1.8 0.4 0.3 0.7 Aerospace and Defense Electronics 0.4 0.4 0.8 0.2 0.5 0.7 Total $ 1.1 $ 10.2 $ 11.3 $ 0.7 $ 2.1 $ 2.8 2016 2015 First Quarter Second Quarter Year to Date First Quarter Second Quarter Year to Date Severance $ 0.8 $ 5.8 $ 6.6 $ 0.7 $ 2.1 $ 2.8 Facility consolidations 0.3 4.4 4.7 — — — Total $ 1.1 $ 10.2 $ 11.3 $ 0.7 $ 2.1 $ 2.8 2016 2015 First Quarter Second Quarter Year to Date First Quarter Second Quarter Year to Date Cost of sales $ 0.6 $ 4.6 $ 5.2 $ 0.4 $ 0.9 $ 1.3 Selling, general and administrative expenses 0.5 5.6 6.1 0.3 1.2 1.5 Total $ 1.1 $ 10.2 $ 11.3 $ 0.7 $ 2.1 $ 2.8 At July 3, 2016, Teledyne had a liability of $ 3.6 million included in other current liabilities related to these charges. The following table presents Teledyne’s segment disclosures (dollars in millions). Second Quarter % Six Months % 2016 2015 Change 2016 2015 Change Net sales(a): Instrumentation $ 220.1 $ 271.3 (18.9 )% $ 443.8 $ 541.6 (18.1 )% Digital Imaging 99.4 90.8 9.5 % 189.3 181.2 4.5 % Aerospace and Defense Electronics 153.2 142.9 7.2 % 300.5 280.6 7.1 % Engineered Systems 62.2 68.6 (9.3 )% 126.5 131.7 (3.9 )% Total net sales $ 534.9 $ 573.6 (6.7 )% $ 1,060.1 $ 1,135.1 (6.6 )% Operating income: Instrumentation $ 20.1 $ 45.7 (56.0 )% $ 51.5 $ 87.8 (41.3 )% Digital Imaging 10.7 8.8 21.6 % 18.9 18.1 4.4 % Aerospace and Defense Electronics 28.7 20.8 38.0 % 52.9 40.5 30.6 % Engineered Systems 5.6 4.8 16.7 % 13.6 11.5 18.3 % Corporate expense (10.8 ) (11.0 ) (1.8 )% (21.5 ) (21.2 ) 1.4 % Operating income $ 54.3 $ 69.1 (21.4 )% $ 115.4 $ 136.7 (15.6 )% (a) Net sales excludes inter-segment sales of $6.9 million and $12.0 million for the second quarter and six months ended July 3, 2016, respectively, and $3.8 million and $8.1 million for the second quarter and six months ended June 28, 2015, respectively. Product Lines The Instrumentation segment includes three product lines: Environmental Instrumentation, Marine Instrumentation and Test and Measurement Instrumentation. The Digital Imaging segment contains one product line as does the Aerospace and Defense Electronics segment. The Engineered Systems segment includes three product lines: Engineered Products and Services, Turbine Engines and Energy Systems. The following tables provide a summary of the net sales by product line for the Instrumentation segment and the Engineered Systems segment (in millions): Second Quarter Six Months Instrumentation 2016 2015 2016 2015 Marine Instrumentation $ 103.8 $ 161.8 $ 216.7 $ 321.3 Environmental Instrumentation 67.9 67.7 136.6 135.4 Test and Measurement Instrumentation 48.4 41.8 90.5 84.9 Total $ 220.1 $ 271.3 $ 443.8 $ 541.6 Second Quarter Six Months Engineered Systems 2016 2015 2016 2015 Engineered Products and Services $ 49.5 $ 53.5 $ 102.3 $ 102.6 Turbine Engines 3.4 4.0 8.4 9.6 Energy Systems 9.3 11.1 15.8 19.5 Total $ 62.2 $ 68.6 $ 126.5 $ 131.7

Discontinued Operations

Discontinued Operations	6 Months Ended
	Jul. 03, 2016
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations In the third quarter of 2016, Teledyne completed the disposition of the net assets of its Printed Circuit Technology (“PCT”) business for $ 9.3 million in cash, which was under a May 2016 sales agreement. The sale represented a disposition of a component that was outside the Company’s current strategy and met the criteria to be classified as held for sale in the second quarter. As such, the PCT component met the criteria to be classified within discontinued operations during the second quarter of 2016. Prior to being classified within discontinued operations, PCT was included in Teledyne’s Aerospace and Defense Electronics operating segment. In connection with the sale, the Company entered into a transition services agreement, effective July 8, 2016, to provide certain services to facilitate the orderly transfer of the business operations to the buyer, with the transition services agreement expected to continue until the end of fiscal year 2016. The following are PCT’s results for the second quarter and first six months of 2016 and 2015 (in millions): Second Quarter Six Months 2016 2015 2016 2015 Net sales $ 4.8 $ 4.1 $ 10.1 $ 7.6 Operating loss $ (0.7 ) $ (0.2 ) $ (0.8 ) $ (0.5 ) Tax benefit (0.3 ) (0.1 ) (0.3 ) (0.2 ) Loss from discontinued operations $ (0.4 ) $ (0.1 ) $ (0.5 ) $ (0.3 ) The operating assets and liabilities of the PCT business have been reclassified as assets and liabilities held for sale on the balance sheet. The following is a summary of the assets and liabilities for the discontinued operation at July 3, 2016 and January 3, 2016 (in millions): July 3, 2016 January 3, 2016 Accounts receivable, net $ 4.9 $ 4.4 Inventories, net 4.6 5.1 Prepaid expenses — 0.1 Property and equipment, net 2.3 2.5 Assets held for sale $ 11.8 $ 12.1 Accounts payable $ 1.8 $ 2.4 Accrued liabilities 0.7 0.4 Liabilities held for sale $ 2.5 $ 2.8

General (Policies)

General (Policies)	6 Months Ended
	Jul. 03, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared by Teledyne Technologies Incorporated (“Teledyne” or the “Company”) pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and disclosures normally included in notes to consolidated financial statements have been condensed or omitted pursuant to such rules and regulations, but resultant disclosures are in accordance with accounting principles generally accepted in the United States as they apply to interim reporting. The condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and the related notes in Teledyne’s Annual Report on Form 10-K for the fiscal year ended January 3, 2016 (“ 2015 Form 10-K”). In the opinion of Teledyne’s management, the accompanying unaudited condensed consolidated financial statements contain all adjustments (consisting of normal recurring adjustments) necessary to present fairly, in all material respects, Teledyne’s consolidated financial position as of July 3, 2016 and the consolidated results of operations and consolidated comprehensive income for the three and six months then ended and cash flows for the six months then ended. The results of operations and cash flows for the period ended July 3, 2016 are not necessarily indicative of the results of operations or cash flows to be expected for any subsequent quarter or the full fiscal year. In the third quarter of 2016, Teledyne sold assets of the Printed Circuit Technology business for $ 9.3 million in cash. As a result, these financial statements reflect the classification of our Printed Circuit Technology business as a discontinued operation. See Note 14 to these condensed consolidated financial statements for additional information.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers, which provides a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and will supersede most current revenue recognition guidance. In July 2015, the FASB deferred the effective date by one year, but will allow early adoption as of the original adoption date. This new guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017, and can be adopted either retrospectively to each prior reporting period presented or as a cumulative-effect adjustment as of the date of adoption. The Company is currently in the process of determining its implementation approach and evaluating the impact this guidance will have on the consolidated financial statements and footnote disclosures. In March 2016, the FASB Issued ASU No. 2016-09, Compensation - Stock Compensation (Topic 718), Improvements to Employee Share-Based Payment Accounting. The ASU is intended to simplify several aspects of the accounting for employee share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The guidance is effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods, with early adoption permitted for any entity in any interim or annual period. The Company is currently evaluating the impact this guidance will have on the consolidated financial statements and footnote disclosures. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). The new guidance will require lessees to recognize almost all leases on their balance sheet as a right-of-use asset and a lease liability, other than leases that meet the definition of a short- term lease. For income statement purposes, the FASB retained a dual model, requiring leases to be classified as either operating or finance. The new leasing standard will be effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted. The new standard must be adopted using a modified retrospective transition, requiring application at the beginning of the earliest comparative period presented. The Company is currently evaluating the impact this guidance will have on the consolidated financial statements and footnote disclosures.

Accumulated Other Comprehensi22

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jul. 03, 2016
Equity [Abstract]
Changes in AOCI by Component	The changes in accumulated other comprehensive income ( “ AOCI ”) by component, net of tax, for the second quarter and six months ended July 3, 2016 and June 28, 2015 are as follows (in millions): Foreign Currency Translation Cash Flow Hedges and Other Pension and Postretirement Benefits Total Balance as of April 3, 2016 $ (151.1 ) $ (2.1 ) $ (228.7 ) $ (381.9 ) Other comprehensive income (loss) before reclassifications (11.8 ) 0.3 — (11.5 ) Amounts reclassified from AOCI — 0.6 3.9 4.5 Net other comprehensive income (loss) (11.8 ) 0.9 3.9 (7.0 ) Balance as of July 3, 2016 $ (162.9 ) $ (1.2 ) $ (224.8 ) $ (388.9 ) Foreign Currency Translation Cash Flow Hedges and Other Pension and Postretirement Benefits Total Balance as of March 29, 2015 $ (139.8 ) $ (7.6 ) $ (222.4 ) $ (369.8 ) Other comprehensive income before reclassifications 20.8 0.4 — 21.2 Amounts reclassified from AOCI — 1.4 4.0 5.4 Net other comprehensive income 20.8 1.8 4.0 26.6 Balance as of June 28, 2015 $ (119.0 ) $ (5.8 ) $ (218.4 ) $ (343.2 ) Foreign Currency Translation Cash Flow Hedges and Other Pension and Postretirement Benefits Total Balance as of January 3, 2016 $ (174.2 ) $ (6.7 ) $ (232.3 ) $ (413.2 ) Other comprehensive income before reclassifications 11.3 3.3 — 14.6 Amounts reclassified from AOCI — 2.2 7.5 9.7 Net other comprehensive income 11.3 5.5 7.5 24.3 Balance as of July 3, 2016 $ (162.9 ) $ (1.2 ) $ (224.8 ) $ (388.9 ) Foreign Currency Translation Cash Flow Hedges and Other Pension and Postretirement Benefits Total Balance as of December 28, 2014 $ (90.6 ) $ (5.3 ) $ (227.3 ) $ (323.2 ) Other comprehensive loss before reclassifications (28.4 ) (2.9 ) — (31.3 ) Amounts reclassified from AOCI — 2.4 8.9 11.3 Net other comprehensive income (loss) (28.4 ) (0.5 ) 8.9 (20.0 ) Balance as of June 28, 2015 $ (119.0 ) $ (5.8 ) $ (218.4 ) $ (343.2 ) The reclassifications out of AOCI for the second quarter and six months ended July 3, 2016 and June 28, 2015 are as follows (in millions): Amount Reclassified from AOCI Three Months Ended Amount Reclassified from AOCI Three Months Ended Statement of Income July 3, 2016 June 28, 2015 Presentation Loss on cash flow hedges: Loss recognized in income on derivatives $ 0.8 $ 1.8 Cost of sales Income tax benefit (0.2 ) (0.4 ) Income tax benefit Total $ 0.6 $ 1.4 Amortization of defined benefit pension and postretirement plan items: Amortization of prior service cost $ (1.5 ) $ (1.5 ) Costs and expenses Amortization of net actuarial loss 7.4 8.1 Costs and expenses Total before tax 5.9 6.6 Income tax benefit (2.0 ) (2.6 ) Income tax benefit Total $ 3.9 $ 4.0 Amount Reclassified from AOCI Six Months Ended Amount Reclassified from AOCI Six Months Ended Statement of Income July 3, 2016 June 28, 2015 Presentation Loss on cash flow hedges: Loss recognized in income on derivatives $ 3.0 $ 3.2 Cost of sales Income tax benefit (0.8 ) (0.8 ) Income tax benefit Total $ 2.2 $ 2.4 Amortization of defined benefit pension and postretirement plan items: Amortization of prior service cost $ (3.0 ) $ (3.0 ) Costs and expenses Amortization of net actuarial loss 14.5 17.1 Costs and expenses Total before tax 11.5 14.1 Income tax benefit (4.0 ) (5.2 ) Income tax benefit Total $ 7.5 $ 8.9

Derivative Instruments (Tables)

Derivative Instruments (Tables)	6 Months Ended
	Jul. 03, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Effect of Derivative Instruments Designated as Cash Flow Hedges	The effect of derivative instruments designated as cash flow hedges in the condensed consolidated financial statements for the second quarter and six months ended July 3, 2016 and June 28, 2015 was as follows (in millions): Second Quarter Six Months 2016 2015 2016 2015 Net gain (loss) recognized in AOCI (a) $ 0.5 $ 0.7 $ 4.4 $ (3.9 ) Net loss reclassified from AOCI into cost of sales (a) $ (0.8 ) $ (1.8 ) $ (3.0 ) $ (3.2 ) Net foreign exchange gain (loss) recognized in other income and expense (b) $ — $ — $ (0.2 ) $ 0.3 a) Effective portion, pre-tax b) Amount excluded from effectiveness testing
Schedule of Notional Amounts of Outstanding Foreign Currency Contracts	As of July 3, 2016 , Teledyne had foreign currency contracts of this type in the following pairs (in millions): Contracts to Buy Contracts to Sell Currency Amount Currency Amount Canadian Dollars C$ 13.3 U.S. Dollars US$ 10.6 Canadian Dollars C$ 11.8 Euros € 8.1 Euros € 10.5 U.S. Dollars US$ 12.0 Great Britain Pounds £ 1.2 Australian Dollars A$ 2.4 Great Britain Pounds £ 21.9 U.S. Dollars US$ 31.6 Singapore Dollars S$ 1.7 U.S. Dollars US$ 1.2 U.S. Dollars US$ 1.0 Japanese Yen ¥ 100.0
Fair Values of Derivative Financial Instruments	The fair values of the Company’s derivative financial instruments are presented below. All fair values for these derivatives were measured using Level 2 information as defined by the accounting standard hierarchy (in millions): Asset/(Liability) Derivatives Balance sheet location July 3, 2016 January 3, 2016 Derivatives designated as hedging instruments: Cash flow forward contracts Other assets $ 1.1 $ — Cash flow forward contracts Accrued liabilities — (4.7 ) Cash flow forward contracts Other long-term liabilities — (1.3 ) Total derivatives designated as hedging instruments 1.1 (6.0 ) Derivatives not designated as hedging instruments: Non-designated forward contracts Other current assets 0.9 0.2 Non-designated forward contracts Accrued liabilities (4.0 ) (6.0 ) Total derivatives not designated as hedging instruments (3.1 ) (5.8 ) Total liability derivatives $ (2.0 ) $ (11.8 )

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jul. 03, 2016
Earnings Per Share [Abstract]
Computations of Basic and Diluted Earnings per Share	The weighted average number of common shares used in the calculation of basic and diluted earnings per share consisted of the following (in millions): Second Quarter Six Months 2016 2015 2016 2015 Weighted average basic common shares outstanding 34.4 35.3 34.4 35.5 Effect of dilutive securities 0.6 0.8 0.6 0.8 Weighted average diluted common shares outstanding 35.0 36.1 35.0 36.3

Stock-Based Compensation Plans

Stock-Based Compensation Plans (Tables)	6 Months Ended
	Jul. 03, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Stock Valuation Assumptions	The following assumptions were used in the valuation of stock options granted in 2016: 2016 Expected volatility 32.7 % Risk-free interest rate 1.5 % Expected life in years 7.2 Expected dividend yield — Weighted average fair value $29.95
Stock Option Transactions for Employee Stock Option Plans	Stock option transactions for the second quarter and six months ended July 3, 2016 are summarized as follows: 2016 Second Quarter Six Months Shares Weighted Average Exercise Price Shares Weighted Average Exercise Price Beginning balance 2,823,506 $ 66.87 2,383,870 $ 63.74 Granted 2,000 $ 93.67 520,310 $ 78.46 Exercised (132,002 ) $ 53.61 (195,970 ) $ 49.31 Canceled (13,526 ) $ 84.71 (28,232 ) $ 81.79 Ending balance 2,679,978 $ 67.46 2,679,978 $ 67.46 Options exercisable at end of period 2,011,396 $ 62.57 2,011,396 $ 62.57
Schedule of Restricted Stock Activity	The following table shows the restricted stock activity for fiscal year 2016: Restricted stock: Shares Weighted average fair value per share Balance, January 3, 2016 109,170 $ 83.58 Granted 47,409 $ 77.93 Issued (48,891 ) $ 75.30 Forfeited/Canceled (152 ) $ 64.46 Balance, July 3, 2016 107,536 $ 84.87

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jul. 03, 2016
Inventory Disclosure [Abstract]
Inventories	Balance at Inventories (in millions): July 3, 2016 January 3, 2016 Raw materials and supplies $ 143.3 $ 139.1 Work in process 149.5 146.1 Finished goods 45.8 45.4 338.6 330.6 Progress payments (5.9 ) (12.3 ) Reduction to LIFO cost basis (13.7 ) (14.2 ) Total inventories, net $ 319.0 $ 304.1

Supplemental Balance Sheet In27

Supplemental Balance Sheet Information (Tables)	6 Months Ended
	Jul. 03, 2016
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: Balance at Balance sheet items (in millions) Balance sheet classification July 3, 2016 January 3, 2016 Income tax receivable Prepaid expenses and other current assets $ 6.7 $ 28.8 Deferred compensation assets Other assets, net $ 47.6 $ 47.9 Salaries and wages Accrued liabilities $ 83.0 $ 89.2 Customer deposits and credits Accrued liabilities $ 58.6 $ 37.6 Accrued pension obligation Other long-term liabilities $ 43.3 $ 46.7 Accrued postretirement benefits Other long-term liabilities $ 9.1 $ 9.6 Deferred compensation liabilities Other long-term liabilities $ 45.4 $ 43.9 Deferred tax liabilities Other long-term liabilities $ 46.7 $ 37.9
Company's Product Warranty Reserve	Six Months Warranty Reserve (in millions): 2016 2015 Balance at beginning of year $ 17.1 $ 18.5 Accruals for product warranties charged to expense 3.5 3.7 Cost of product warranty claims (3.4 ) (4.0 ) Acquisitions 0.3 0.2 Balance at end of period $ 17.5 $ 18.4

Long-Term Debt and Capital Leas

Long-Term Debt and Capital Leases (Tables)	6 Months Ended
	Jul. 03, 2016
Debt Disclosure [Abstract]
Summary of Long-Term Debt	Balance at Long-Term Debt (in millions): July 3, 2016 January 3, 2016 $750.0 million credit facility due March 2018, weighted average rate of 1.62% at July 3, 2016 and 1.67% at January 3, 2016 $ 75.6 $ 150.5 Term loans due through March 2019, weighted average rate of 1.71% at July 3, 2016 and 1.55% at January 3, 2016 185.0 190.0 4.74% Fixed Rate Senior Notes due September 2017 100.0 100.0 2.61% Fixed Rate Senior Notes due December 2019 30.0 30.0 5.30% Fixed Rate Senior Notes due September 2020 75.0 75.0 2.81% Fixed Rate Senior Notes due November 2020 25.0 25.0 3.09% Fixed Rate Senior Notes due December 2021 95.0 95.0 3.28% Fixed Rate Senior Notes due November 2022 100.0 100.0 Other debt at various rates due through 2018 0.2 — Total debt 685.8 765.5 Less: current portion of long-term debt and debt issuance costs (a) (13.8 ) (11.4 ) Total long-term debt $ 672.0 $ 754.1 (a) Includes debt issue costs associated with the term loans and senior notes of $ 1.3 million at July 3, 2016 and $ 1.4 million at January 3, 2016.

Pension Plans and Postretirem29

Pension Plans and Postretirement Benefits (Tables)	6 Months Ended
	Jul. 03, 2016
Compensation and Retirement Disclosure [Abstract]
Defined Benefit Pension Plans and Postretirement Benefit Plans	Second Quarter Six Months Net periodic pension benefit income (in millions): 2016 2015 2016 2015 Service cost — benefits earned during the period $ 2.8 $ 3.4 $ 5.6 $ 6.7 Interest cost on benefit obligation 10.1 9.8 20.2 19.7 Expected return on plan assets (18.8 ) (19.1 ) (37.5 ) (38.3 ) Amortization of prior service cost (1.5 ) (1.5 ) (3.0 ) (3.0 ) Amortization of net actuarial loss 6.8 8.5 13.6 17.0 Pension plan curtailment — — — (1.2 ) Net periodic pension (income) expense $ (0.6 ) $ 1.1 $ (1.1 ) $ 0.9 Second Quarter Six Months Net periodic postretirement benefits expense (in millions): 2016 2015 2016 2015 Interest cost on benefit obligation $ 0.2 $ 0.2 $ 0.3 $ 0.3 Amortization of net actuarial gain (0.1 ) (0.1 ) (0.2 ) (0.1 ) Net periodic postretirement expense $ 0.1 $ 0.1 $ 0.1 $ 0.2

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jul. 03, 2016
Segment Reporting [Abstract]
Schedule of Charges by Segment	The following tables set forth details regarding severance and facility consolidation expenses incurred in 2016 and 2015 (in millions): 2016 2015 First Quarter Second Quarter Year to Date First Quarter Second Quarter Year to Date Instrumentation $ 0.6 $ 8.1 $ 8.7 $ 0.1 $ 1.3 $ 1.4 Digital Imaging 0.1 1.7 1.8 0.4 0.3 0.7 Aerospace and Defense Electronics 0.4 0.4 0.8 0.2 0.5 0.7 Total $ 1.1 $ 10.2 $ 11.3 $ 0.7 $ 2.1 $ 2.8 2016 2015 First Quarter Second Quarter Year to Date First Quarter Second Quarter Year to Date Severance $ 0.8 $ 5.8 $ 6.6 $ 0.7 $ 2.1 $ 2.8 Facility consolidations 0.3 4.4 4.7 — — — Total $ 1.1 $ 10.2 $ 11.3 $ 0.7 $ 2.1 $ 2.8 2016 2015 First Quarter Second Quarter Year to Date First Quarter Second Quarter Year to Date Cost of sales $ 0.6 $ 4.6 $ 5.2 $ 0.4 $ 0.9 $ 1.3 Selling, general and administrative expenses 0.5 5.6 6.1 0.3 1.2 1.5 Total $ 1.1 $ 10.2 $ 11.3 $ 0.7 $ 2.1 $ 2.8
Industry Segment Disclosures for Net Sales and Operating Income	The following table presents Teledyne’s segment disclosures (dollars in millions). Second Quarter % Six Months % 2016 2015 Change 2016 2015 Change Net sales(a): Instrumentation $ 220.1 $ 271.3 (18.9 )% $ 443.8 $ 541.6 (18.1 )% Digital Imaging 99.4 90.8 9.5 % 189.3 181.2 4.5 % Aerospace and Defense Electronics 153.2 142.9 7.2 % 300.5 280.6 7.1 % Engineered Systems 62.2 68.6 (9.3 )% 126.5 131.7 (3.9 )% Total net sales $ 534.9 $ 573.6 (6.7 )% $ 1,060.1 $ 1,135.1 (6.6 )% Operating income: Instrumentation $ 20.1 $ 45.7 (56.0 )% $ 51.5 $ 87.8 (41.3 )% Digital Imaging 10.7 8.8 21.6 % 18.9 18.1 4.4 % Aerospace and Defense Electronics 28.7 20.8 38.0 % 52.9 40.5 30.6 % Engineered Systems 5.6 4.8 16.7 % 13.6 11.5 18.3 % Corporate expense (10.8 ) (11.0 ) (1.8 )% (21.5 ) (21.2 ) 1.4 % Operating income $ 54.3 $ 69.1 (21.4 )% $ 115.4 $ 136.7 (15.6 )% (a) Net sales excludes inter-segment sales of $6.9 million and $12.0 million for the second quarter and six months ended July 3, 2016, respectively, and $3.8 million and $8.1 million for the second quarter and six months ended June 28, 2015, 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): Second Quarter Six Months Instrumentation 2016 2015 2016 2015 Marine Instrumentation $ 103.8 $ 161.8 $ 216.7 $ 321.3 Environmental Instrumentation 67.9 67.7 136.6 135.4 Test and Measurement Instrumentation 48.4 41.8 90.5 84.9 Total $ 220.1 $ 271.3 $ 443.8 $ 541.6 Second Quarter Six Months Engineered Systems 2016 2015 2016 2015 Engineered Products and Services $ 49.5 $ 53.5 $ 102.3 $ 102.6 Turbine Engines 3.4 4.0 8.4 9.6 Energy Systems 9.3 11.1 15.8 19.5 Total $ 62.2 $ 68.6 $ 126.5 $ 131.7

Discontinued Operations (Tables

Discontinued Operations (Tables)	6 Months Ended
	Jul. 03, 2016
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	The following are PCT’s results for the second quarter and first six months of 2016 and 2015 (in millions): Second Quarter Six Months 2016 2015 2016 2015 Net sales $ 4.8 $ 4.1 $ 10.1 $ 7.6 Operating loss $ (0.7 ) $ (0.2 ) $ (0.8 ) $ (0.5 ) Tax benefit (0.3 ) (0.1 ) (0.3 ) (0.2 ) Loss from discontinued operations $ (0.4 ) $ (0.1 ) $ (0.5 ) $ (0.3 ) The operating assets and liabilities of the PCT business have been reclassified as assets and liabilities held for sale on the balance sheet. The following is a summary of the assets and liabilities for the discontinued operation at July 3, 2016 and January 3, 2016 (in millions): July 3, 2016 January 3, 2016 Accounts receivable, net $ 4.9 $ 4.4 Inventories, net 4.6 5.1 Prepaid expenses — 0.1 Property and equipment, net 2.3 2.5 Assets held for sale $ 11.8 $ 12.1 Accounts payable $ 1.8 $ 2.4 Accrued liabilities 0.7 0.4 Liabilities held for sale $ 2.5 $ 2.8

General (Details)

General (Details) $ in Millions	Aug. 05, 2016USD ($)
Discontinued Operations, Disposed of by Sale | Printed Circuit Technology Business | Subsequent Event
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Consideration received	$ 9.3

Accumulated Other Comprehensi33

Accumulated Other Comprehensive Income (Loss) (Changes in AOCI by Component) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	$ (381.9)	$ (369.8)	$ (413.2)	$ (323.2)
Other comprehensive income (loss) before reclassifications	(11.5)	21.2	14.6	(31.3)
Amounts reclassified from AOCI	4.5	5.4	9.7	11.3
Other comprehensive (loss) income	(7)	26.6	24.3	(20)
Ending balance	(388.9)	(343.2)	(388.9)	(343.2)
Foreign Currency Translation
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(151.1)	(139.8)	(174.2)	(90.6)
Other comprehensive income (loss) before reclassifications	(11.8)	20.8	11.3	(28.4)
Amounts reclassified from AOCI	0	0	0	0
Other comprehensive (loss) income	(11.8)	20.8	11.3	(28.4)
Ending balance	(162.9)	(119)	(162.9)	(119)
Cash Flow Hedges and Other
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(2.1)	(7.6)	(6.7)	(5.3)
Other comprehensive income (loss) before reclassifications	0.3	0.4	3.3	(2.9)
Amounts reclassified from AOCI	0.6	1.4	2.2	2.4
Other comprehensive (loss) income	0.9	1.8	5.5	(0.5)
Ending balance	(1.2)	(5.8)	(1.2)	(5.8)
Pension and Postretirement Benefits
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(228.7)	(222.4)	(232.3)	(227.3)
Other comprehensive income (loss) before reclassifications	0	0	0	0
Amounts reclassified from AOCI	3.9	4	7.5	8.9
Other comprehensive (loss) income	3.9	4	7.5	8.9
Ending balance	$ (224.8)	$ (218.4)	$ (224.8)	$ (218.4)

Accumulated Other Comprehensi34

Accumulated Other Comprehensive Income (Loss) (Reclassifications Out of Accumulated OCI) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Loss on cash flow hedges:
Loss recognized in income on derivatives	$ 331.8	$ 353.9	$ 651.8	$ 696.6
Income tax benefit	(19.5)	(18.4)	(35.1)	(37)
Total	(45.7)	(48.3)	(84.1)	(92)
Amortization of defined benefit pension and postretirement plan items:
Total	4.5	5.4	9.7	11.3
Cash Flow Hedges
Amortization of defined benefit pension and postretirement plan items:
Total	0.6	1.4	2.2	2.4
Prior Service Cost
Amortization of defined benefit pension and postretirement plan items:
Amortization of defined benefit pension and postretirement plan items	(1.5)	(1.5)	(3)	(3)
Net Actuarial Loss
Amortization of defined benefit pension and postretirement plan items:
Amortization of defined benefit pension and postretirement plan items	7.4	8.1	14.5	17.1
Pension and Postretirement Benefits
Amortization of defined benefit pension and postretirement plan items:
Amortization of defined benefit pension and postretirement plan items	5.9	6.6	11.5	14.1
Income tax benefit	(2)	(2.6)	(4)	(5.2)
Total	3.9	4	7.5	8.9
Amount Reclassified from AOCI | Cash Flow Hedges
Loss on cash flow hedges:
Loss recognized in income on derivatives	0.8	1.8	3	3.2
Income tax benefit	(0.2)	(0.4)	(0.8)	(0.8)
Total	$ 0.6	$ 1.4	$ 2.2	$ 2.4

Business Combinations, Invest35

Business Combinations, Investments, Dispositions, Goodwill and Acquired Intangible Assets (Narrative) (Details) - USD ($) $ in Millions	May 03, 2016	Apr. 15, 2016	Apr. 06, 2016	Jul. 03, 2016	Jul. 03, 2016	Jun. 28, 2015	Jan. 03, 2016	Apr. 29, 2015
Business Acquisition [Line Items]
Payments to acquire businesses, net of cash acquired						$ 62.4	$ 66.7
Goodwill				$ 1,186.5	$ 1,186.5		1,140.2
Goodwill from acquisitions					40.4
Acquired intangibles, net				246.1	246.1		243.3
Intangible assets from acquisitions					15.5
Amortization of intangible assets					14.2
Gain on sale of operating facility				17.9	17.9
Restricted cash				19.5	19.5		$ 0
California Operating Facility
Business Acquisition [Line Items]
Net proceeds				19.5	19.5
Gain on sale of operating facility				17.9
Restricted cash				$ 19.5	$ 19.5
Subsidiaries | CARIS
Business Acquisition [Line Items]
Payments to acquire businesses, net of cash acquired	$ 26.6
Subsidiaries | Quantum Data
Business Acquisition [Line Items]
Payments to acquire businesses, net of cash acquired		$ 17.5
Subsidiaries | Frontline
Business Acquisition [Line Items]
Payments to acquire businesses, net of cash acquired			$ 14.2
Subsidiaries | Optech
Business Acquisition [Line Items]
Remaining percentage of voting interests acquired								49.00%

Derivative Instruments (Narrati

Derivative Instruments (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Income (expense) related to derivative instruments not designated as cash flow hedges recognized in other income and expense	$ (2.3)	$ (2.5)	$ 0.3	$ 2.3
Foreign Exchange Forward | Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Expected reclassification of gain (loss) over the next 12 months	(0.8)		(0.8)
Foreign Exchange Forward | Designated as Hedging Instrument | Sell US Dollars and Buy Canadian Dollars
Derivative Instruments, Gain (Loss) [Line Items]
Amount of foreign currency contract	$ 67.4		$ 67.4

Derivative Instruments (Effect

Derivative Instruments (Effect of Derivative Instruments) (Details) - Designated as Hedging Instrument - Cash Flow Hedging - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Net gain (loss) recognized in AOCI	[1]	$ 0.5	$ 0.7	$ 4.4	$ (3.9)
Net loss reclassified from AOCI into cost of sales	[1]	(0.8)	(1.8)	(3)	(3.2)
Net foreign exchange gain (loss) recognized in other income and expense	[2]	$ 0	$ 0	$ (0.2)	$ 0.3
[1]	a) Effective portion, pre-tax
[2]	b) Amount excluded from effectiveness testing

Derivative Instruments (Foreign

Derivative Instruments (Foreign Currency Contracts) (Details) - Jul. 03, 2016 - Foreign Exchange Forward - Not Designated as Hedging Instrument € in Millions, ¥ in Millions, £ in Millions, SGD in Millions, CAD in Millions, AUD in Millions, $ in Millions	SGD	AUD	JPY (¥)	GBP (£)	EUR (€)	CAD	USD ($)
Long | Sell US Dollars and Buy Canadian Dollars
Derivative Instruments (Textual) [Abstract]
Amount of foreign currency contract | CAD						CAD 13.3
Long | Sell Euros and Buy Canadian Dollars
Derivative Instruments (Textual) [Abstract]
Amount of foreign currency contract | CAD						CAD 11.8
Long | Sell US Dollars and Buy Euros
Derivative Instruments (Textual) [Abstract]
Amount of foreign currency contract | €					€ 10.5
Long | Sell Australian Dollars and Buy Great Britain Pounds
Derivative Instruments (Textual) [Abstract]
Amount of foreign currency contract | £				£ 1.2
Long | Sell US Dollars and Buy Great Britain Pounds
Derivative Instruments (Textual) [Abstract]
Amount of foreign currency contract | £				£ 21.9
Long | Sell US Dollars and Buy Singapore Dollars
Derivative Instruments (Textual) [Abstract]
Amount of foreign currency contract | SGD	SGD 1.7
Long | Sell Japanese Yen and Buy US Dollars
Derivative Instruments (Textual) [Abstract]
Amount of foreign currency contract							$ 1
Short | Sell US Dollars and Buy Canadian Dollars
Derivative Instruments (Textual) [Abstract]
Amount of foreign currency contract							10.6
Short | Sell Euros and Buy Canadian Dollars
Derivative Instruments (Textual) [Abstract]
Amount of foreign currency contract | €					€ 8.1
Short | Sell US Dollars and Buy Euros
Derivative Instruments (Textual) [Abstract]
Amount of foreign currency contract							12
Short | Sell Australian Dollars and Buy Great Britain Pounds
Derivative Instruments (Textual) [Abstract]
Amount of foreign currency contract | AUD		AUD 2.4
Short | Sell US Dollars and Buy Great Britain Pounds
Derivative Instruments (Textual) [Abstract]
Amount of foreign currency contract							31.6
Short | Sell US Dollars and Buy Singapore Dollars
Derivative Instruments (Textual) [Abstract]
Amount of foreign currency contract							$ 1.2
Short | Sell Japanese Yen and Buy US Dollars
Derivative Instruments (Textual) [Abstract]
Amount of foreign currency contract | ¥			¥ 100

Derivative Instruments (Fair Va

Derivative Instruments (Fair Values of Instruments) (Details) - USD ($) $ in Millions	Jul. 03, 2016	Jan. 03, 2016
Fair values of derivative financial instruments
Total liability derivatives	$ (2)	$ (11.8)
Designated as Hedging Instrument
Fair values of derivative financial instruments
Total liability derivatives	1.1	(6)
Not Designated as Hedging Instrument
Fair values of derivative financial instruments
Total liability derivatives	(3.1)	(5.8)
Foreign Exchange Contract | Designated as Hedging Instrument | Other assets
Fair values of derivative financial instruments
Total liability derivatives	1.1	0
Foreign Exchange Contract | Designated as Hedging Instrument | Accrued liabilities
Fair values of derivative financial instruments
Total liability derivatives	0	(4.7)
Foreign Exchange Contract | Designated as Hedging Instrument | Other long-term liabilities
Fair values of derivative financial instruments
Total liability derivatives		(1.3)
Foreign Exchange Contract | Not Designated as Hedging Instrument | Accrued liabilities
Fair values of derivative financial instruments
Total liability derivatives	(4)	(6)
Foreign Exchange Contract | Not Designated as Hedging Instrument | Other current assets
Fair values of derivative financial instruments
Total liability derivatives	$ 0.9	$ 0.2

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Millions	Feb. 19, 2016	Nov. 30, 2015	Feb. 28, 2015	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015	Jan. 03, 2016	Jan. 26, 2016	Feb. 02, 2015
Equity, Class of Treasury Stock [Line Items]
Net income from continuing operations (in USD per share)				$ 1.32	$ 1.34	$ 2.42	$ 2.54
Treasury stock acquired (in shares)								2,561,815
Payments for repurchase of common stock						$ 0	$ 142	$ 243.8
Stock options excluded in computation of diluted earnings per share (in shares)				498,895	0	504,686	0
February 2015 Accelerated Share Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, authorized amount			$ 142							$ 142
Stock repurchase program, authorized amount to be repurchased (up to) (in shares)										1,500,000
Treasury stock acquired (in shares)			1,425,000
Payments for repurchase of common stock		$ 1.2	$ 134.9
November 2015 Accelerated Share Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, authorized amount		$ 100.5
Stock repurchase program, authorized amount to be repurchased (up to) (in shares)		1,100,000
Treasury stock acquired (in shares)	135,374	1,045,000
Accelerated Share Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, authorized amount to be repurchased (up to) (in shares)									3,000,000

Earnings Per Share (Computation

Earnings Per Share (Computation of Basic and Diluted Earnings Per Share) (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Earnings Per Share [Abstract]
Weighted average basic common shares outstanding (in shares)	34.4	35.3	34.4	35.5
Effect of dilutive securities (in shares)	0.6	0.8	0.6	0.8
Weighted average diluted common shares outstanding (in shares)	35	36.1	35	36.3

Stock-Based Compensation Plan42

Stock-Based Compensation Plans (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended		12 Months Ended
	Jul. 03, 2016	Apr. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015	Jan. 01, 2017	Jan. 03, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option compensation expense	$ 2.9		$ 3.3	$ 6.2	$ 7.1
Options granted in the period							0
Scenario, Forecast
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected stock option compensation expense						$ 11.5
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued (in shares)		864
Shares expected to be issued in two equal installments (in shares)	1,883			1,883
Employee | Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period over which employee stock option grants are evenly expensed				3 years
Director | Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period over which employee stock option grants are evenly expensed				1 year

Stock-Based Compensation Plan43

Stock-Based Compensation Plans Stock-Based Compensation Plans (Stock Option Valuation Assumptions) (Details)	6 Months Ended
	Jul. 03, 2016$ / shares
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Expected volatility	32.70%
Risk-free interest rate	1.50%
Expected life in years	7 years 2 months
Expected dividend yield	0.00%
Weighted average fair value (in USD per share)	$ 29.95

Stock-Based Compensation Plan44

Stock-Based Compensation Plans (Options Plans) (Details) - $ / shares	3 Months Ended	6 Months Ended	12 Months Ended
	Jul. 03, 2016	Jul. 03, 2016	Jan. 03, 2016
Shares
Granted (in shares)			0
Stock Options
Shares
Beginning balance (in shares)	2,823,506	2,383,870
Granted (in shares)	2,000	520,310
Exercised (in shares)	(132,002)	(195,970)
Canceled (in shares)	(13,526)	(28,232)
Ending balance (in shares)	2,679,978	2,679,978	2,383,870
Options exercisable at end of period (in shares)	2,011,396	2,011,396
Weighted Average Exercise Price
Beginning balance (in USD per share)	$ 66.87	$ 63.74
Granted (in USD per share)	93.67	78.46
Exercised (in USD per share)	53.61	49.31
Canceled (in USD per share)	84.71	81.79
Ending balance (in USD per share)	67.46	67.46	$ 63.74
Options exercisable at end of period (in USD per share)	$ 62.57	$ 62.57

Stock-Based Compensation Plan45

Stock-Based Compensation Plans Stock-Based Compensation Plans (Restricted Stock Activity) (Details) - Restricted Stock	6 Months Ended
	Jul. 03, 2016$ / sharesshares
Shares
Beginning balance (in shares) | shares	109,170,000
Granted (in shares) | shares	47,409,000
Issued (in shares) | shares	48,891,000
Forfeited/Canceled (in shares) | shares	152,000
Ending balance (in shares) | shares	107,536,000
Weighted average fair value per share
Beginning balance (in USD per share) | $ / shares	$ 83.58
Granted (in USD per share) | $ / shares	77.93
Issued (in USD per share) | $ / shares	75.30
Forfeited/Canceled (in USD per share) | $ / shares	64.46
Ending balance (in USD per share) | $ / shares	$ 84.87

Inventories (Narrative) (Detail

Inventories (Narrative) (Details) - USD ($) $ in Millions	Jul. 03, 2016	Jan. 03, 2016
Inventory Disclosure [Abstract]
Inventories at average cost or FIFO methods	$ 229.8	$ 239
Inventories at cost as per LIFO	$ 108.8	$ 91.6

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Jul. 03, 2016	Jan. 03, 2016
Inventories
Raw materials and supplies	$ 143.3	$ 139.1
Work in process	149.5	146.1
Finished goods	45.8	45.4
Total inventories, gross	338.6	330.6
Progress payments	(5.9)	(12.3)
Reduction to LIFO cost basis	(13.7)	(14.2)
Total inventories, net	$ 319	$ 304.1

Supplemental Balance Sheet In48

Supplemental Balance Sheet Information (Balance Sheet Components) (Details) - USD ($) $ in Millions	Jul. 03, 2016	Jan. 03, 2016
Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Income tax receivable	$ 6.7	$ 28.8
Other assets, net
Derivatives, Fair Value [Line Items]
Deferred compensation assets	47.6	47.9
Accrued liabilities
Derivatives, Fair Value [Line Items]
Salaries and wages	83	89.2
Customer deposits and credits	58.6	37.6
Other long-term liabilities
Derivatives, Fair Value [Line Items]
Accrued pension obligation	43.3	46.7
Accrued postretirement benefits	9.1	9.6
Deferred compensation liabilities	45.4	43.9
Deferred tax liabilities	$ 46.7	$ 37.9

Supplemental Balance Sheet In49

Supplemental Balance Sheet Information (Product Warranty) (Details) - USD ($) $ in Millions	6 Months Ended
	Jul. 03, 2016	Jun. 28, 2015
Company's product warranty reserve
Balance at beginning of year	$ 17.1	$ 18.5
Accruals for product warranties charged to expense	3.5	3.7
Cost of product warranty claims	(3.4)	(4)
Acquisitions	0.3	0.2
Balance at end of period	$ 17.5	$ 18.4

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Income Tax Disclosure [Abstract]
Effective income tax rate	29.70%	27.50%	29.30%	28.60%
Net discrete income tax expense	$ 6.9	$ 1.3	$ 6.9	$ 1.1
Tax related to gain on sale of operating facility	6.7		6.7
Gain on sale of operating facility	$ 17.9		$ 17.9
Effective income tax rate, excluding discrete items	26.40%	29.50%	27.70%	29.50%

Long-Term Debt and Capital Le51

Long-Term Debt and Capital Leases - Long-Term Debt (Details) - USD ($)	Jul. 03, 2016	Jan. 03, 2016
Debt Instrument [Line Items]
Total debt	$ 685,800,000	$ 765,500,000
Less: current portion of long-term debt and debt issuance costs	(13,800,000)	(11,400,000)
Total long-term debt	672,000,000	754,100,000
Debt issue costs	1,300,000	1,400,000
Other debt at various rates due through 2018
Debt Instrument [Line Items]
Total debt	200,000	0
Credit facility | $750.0 million credit facility due March 2018, weighted average rate of 1.62% at July 3, 2016 and 1.67% at January 3, 2016
Debt Instrument [Line Items]
Total debt	75,600,000	150,500,000
Line of credit facility, current borrowing capacity	$ 750,000,000	$ 750,000,000
Weighted average interest rate	1.62%	1.67%
Term Loans | Term loans due through March 2019, weighted average rate of 1.71% at July 3, 2016 and 1.55% at January 3, 2016
Debt Instrument [Line Items]
Total debt	$ 185,000,000	$ 190,000,000
Weighted average interest rate	1.71%	1.55%
Senior Notes | 4.74% Fixed Rate Senior Notes due September 2017
Debt Instrument [Line Items]
Total debt	$ 100,000,000	$ 100,000,000
Stated interest rate	4.74%	4.74%
Senior Notes | 2.61% Fixed Rate Senior Notes due December 2019
Debt Instrument [Line Items]
Total debt	$ 30,000,000	$ 30,000,000
Stated interest rate	2.61%	2.61%
Senior Notes | 5.30% Fixed Rate Senior Notes due September 2020
Debt Instrument [Line Items]
Total debt	$ 75,000,000	$ 75,000,000
Stated interest rate	5.30%	5.30%
Senior Notes | 2.81% Fixed Rate Senior Notes due November 2020
Debt Instrument [Line Items]
Total debt	$ 25,000,000	$ 25,000,000
Stated interest rate	2.81%	2.81%
Senior Notes | 3.09% Fixed Rate Senior Notes due December 2021
Debt Instrument [Line Items]
Total debt	$ 95,000,000	$ 95,000,000
Stated interest rate	3.09%	3.09%
Senior Notes | 3.28% Fixed Rate Senior Notes due November 2022
Debt Instrument [Line Items]
Total debt	$ 100,000,000	$ 100,000,000
Stated interest rate	3.28%	3.28%

Long-Term Debt and Capital Le52

Long-Term Debt and Capital Leases - Credit Facility and Capital Lease (Details) - USD ($)	Jul. 03, 2016	Jan. 03, 2016
Line of Credit Facility [Line Items]
Total capital leases	$ 7,200,000	$ 8,600,000
Total capital leases, current	1,000,000	$ 1,200,000
Letter of Credit
Line of Credit Facility [Line Items]
Letters of credit, outstanding	12,200,000
Credit facility | $750.0 million credit facility due March 2018, weighted average rate of 1.62% at July 3, 2016 and 1.67% at January 3, 2016
Line of Credit Facility [Line Items]
Maximum borrowing capacity	750,000,000
Credit facility | Letter of Credit
Line of Credit Facility [Line Items]
Available borrowings capacity under letters of credit	$ 636,600,000

Lawsuits, Claims, Commitments53

Lawsuits, Claims, Commitments, Contingencies and Related Matters (Details) - USD ($) $ in Millions	6 Months Ended
	Jul. 03, 2016	Jan. 03, 2016
Valuation and Qualifying Accounts Disclosure [Line Items]
Reserves for environmental remediation obligations	$ 7.9
Portion of reserves included in current accrued liabilities	$ 252.3	$ 237.5
Maximum
Valuation and Qualifying Accounts Disclosure [Line Items]
Estimated duration of remediation	30 years
Environmental Reserves
Valuation and Qualifying Accounts Disclosure [Line Items]
Portion of reserves included in current accrued liabilities	$ 4.4

Pension Plans and Postretirem54

Pension Plans and Postretirement Benefits (Narrative) (Details) - USD ($)	3 Months Ended			6 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Mar. 29, 2015	Jul. 03, 2016	Jun. 28, 2015	Jan. 03, 2016
Defined Benefit Plan Disclosure [Line Items]
Pension plan curtailment			$ 1,200,000
Contributions by employer by during period				$ 0	$ 0
Estimated contributions in current fiscal year				0
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Net pension income	$ 600,000	$ 1,100,000		$ 1,100,000	$ 900,000
Pension Benefits - U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Discount rate used to determine the benefit obligation	4.91%			4.91%		4.50%
Pension Benefits Allocated to Contracts Pursuant to U.S. Government Cost Accounting Standards
Defined Benefit Plan Disclosure [Line Items]
Pension expense allocated to contracts pursuant to U.S. Government Cost Accounting Standards	$ 3,400,000	$ 3,400,000

Pension Plans and Postretirem55

Pension Plans and Postretirement Benefits (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Pension Plan
Components of net period pension benefit expense
Service cost — benefits earned during the period	$ 2.8	$ 3.4	$ 5.6	$ 6.7
Interest cost on benefit obligation	10.1	9.8	20.2	19.7
Expected return on plan assets	(18.8)	(19.1)	(37.5)	(38.3)
Amortization of prior service cost	(1.5)	(1.5)	(3)	(3)
Amortization of net actuarial losses (gains)	6.8	8.5	13.6	17
Pension plan curtailment	0	0	0	(1.2)
Net periodic (income) expense	(0.6)	1.1	(1.1)	0.9
Other Postretirement Benefit Plan
Components of net period pension benefit expense
Interest cost on benefit obligation	0.2	0.2	0.3	0.3
Amortization of net actuarial losses (gains)	(0.1)	(0.1)	(0.2)	(0.1)
Net periodic (income) expense	$ 0.1	$ 0.1	$ 0.1	$ 0.2

Segment Information (Narrative)

Segment Information (Narrative) (Details) $ in Millions	3 Months Ended				6 Months Ended
	Jul. 03, 2016USD ($)product_line	Apr. 03, 2016USD ($)	Jun. 28, 2015USD ($)	Mar. 29, 2015USD ($)	Jul. 03, 2016USD ($)segmentproduct_line	Jun. 28, 2015USD ($)
Revenue from External Customer [Line Items]
Number of reportable segments | segment					4
Restructuring costs	$ 10.2	$ 1.1	$ 2.1	$ 0.7	$ 11.3	$ 2.8
Asset impairment expense	0.6
Reversal of reserve			1.7
Restructuring reserve included in other current liabilities	3.6				3.6
Instrumentation
Revenue from External Customer [Line Items]
Restructuring costs	$ 8.1	0.6	1.3	0.1	$ 8.7	1.4
Number of product lines | product_line	3				3
Digital Imaging
Revenue from External Customer [Line Items]
Restructuring costs	$ 1.7	0.1	0.3	0.4	$ 1.8	0.7
Number of product lines | product_line	1				1
Engineered Systems
Revenue from External Customer [Line Items]
Number of product lines | product_line	3				3
Severance
Revenue from External Customer [Line Items]
Restructuring costs	$ 5.8	0.8	2.1	0.7	$ 6.6	2.8
Facility consolidations
Revenue from External Customer [Line Items]
Restructuring costs	$ 4.4	$ 0.3	$ 0	$ 0	$ 4.7	$ 0

Segment Information (Consolidat

Segment Information (Consolidation and Relocation of Facilities) (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jul. 03, 2016	Apr. 03, 2016	Jun. 28, 2015	Mar. 29, 2015	Jul. 03, 2016	Jun. 28, 2015
Segment Reporting Information [Line Items]
Restructuring costs	$ 10.2	$ 1.1	$ 2.1	$ 0.7	$ 11.3	$ 2.8
Cost of sales
Segment Reporting Information [Line Items]
Restructuring costs	4.6	0.6	0.9	0.4	5.2	1.3
Selling, general and administrative expenses
Segment Reporting Information [Line Items]
Restructuring costs	5.6	0.5	1.2	0.3	6.1	1.5
Severance
Segment Reporting Information [Line Items]
Restructuring costs	5.8	0.8	2.1	0.7	6.6	2.8
Facility consolidations
Segment Reporting Information [Line Items]
Restructuring costs	4.4	0.3	0	0	4.7	0
Instrumentation
Segment Reporting Information [Line Items]
Restructuring costs	8.1	0.6	1.3	0.1	8.7	1.4
Digital Imaging
Segment Reporting Information [Line Items]
Restructuring costs	1.7	0.1	0.3	0.4	1.8	0.7
Aerospace and Defense Electronics
Segment Reporting Information [Line Items]
Restructuring costs	$ 0.4	$ 0.4	$ 0.5	$ 0.2	$ 0.8	$ 0.7

Segment Information (Reconcilia

Segment Information (Reconciliation) (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Net sales:
Net sales	[1]	$ 534.9	$ 573.6	$ 1,060.1	$ 1,135.1
Net sales, percentage change	[1]	(6.70%)		(6.60%)
Operating income:
Operating income		$ 54.3	69.1	$ 115.4	136.7
Total segment operating profit, percentage change		(21.40%)		(15.60%)
Corporate, Non-Segment
Operating income:
Operating income		$ (10.8)	(11)	$ (21.5)	(21.2)
Total segment operating profit, percentage change		(1.80%)		1.40%
Intersegment Eliminations
Operating income:
Revenues		$ 6.9	3.8	$ 12	8.1
Instrumentation | Operating Segments
Net sales:
Net sales	[1]	$ 220.1	271.3	$ 443.8	541.6
Net sales, percentage change	[1]	(18.90%)		(18.10%)
Operating income:
Operating income		$ 20.1	45.7	$ 51.5	87.8
Total segment operating profit, percentage change		(56.00%)		(41.30%)
Digital Imaging | Operating Segments
Net sales:
Net sales	[1]	$ 99.4	90.8	$ 189.3	181.2
Net sales, percentage change	[1]	9.50%		4.50%
Operating income:
Operating income		$ 10.7	8.8	$ 18.9	18.1
Total segment operating profit, percentage change		21.60%		4.40%
Aerospace and Defense Electronics | Operating Segments
Net sales:
Net sales	[1]	$ 153.2	142.9	$ 300.5	280.6
Net sales, percentage change	[1]	7.20%		7.10%
Operating income:
Operating income		$ 28.7	20.8	$ 52.9	40.5
Total segment operating profit, percentage change		38.00%		30.60%
Engineered Systems | Operating Segments
Net sales:
Net sales	[1]	$ 62.2	68.6	$ 126.5	131.7
Net sales, percentage change	[1]	(9.30%)		(3.90%)
Operating income:
Operating income		$ 5.6	$ 4.8	$ 13.6	$ 11.5
Total segment operating profit, percentage change		16.70%		18.30%
[1]	(a)Net sales excludes inter-segment sales of $6.9 million and $12.0 million for the second quarter and six months ended July 3, 2016, respectively, and $3.8 million and $8.1 million for the second quarter and six months ended June 28, 2015, respectively.

Segment Information (Sales) (De

Segment Information (Sales) (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Revenue from External Customer [Line Items]
Net sales	[1]	$ 534.9	$ 573.6	$ 1,060.1	$ 1,135.1
Operating Segments | Instrumentation
Revenue from External Customer [Line Items]
Net sales	[1]	220.1	271.3	443.8	541.6
Operating Segments | Instrumentation | Marine Instrumentation
Revenue from External Customer [Line Items]
Net sales		103.8	161.8	216.7	321.3
Operating Segments | Instrumentation | Environmental Instrumentation
Revenue from External Customer [Line Items]
Net sales		67.9	67.7	136.6	135.4
Operating Segments | Instrumentation | Test and Measurement Instrumentation
Revenue from External Customer [Line Items]
Net sales		48.4	41.8	90.5	84.9
Operating Segments | Engineered Systems
Revenue from External Customer [Line Items]
Net sales	[1]	62.2	68.6	126.5	131.7
Operating Segments | Engineered Systems | Engineered Products and Services
Revenue from External Customer [Line Items]
Net sales		49.5	53.5	102.3	102.6
Operating Segments | Engineered Systems | Turbine Engines
Revenue from External Customer [Line Items]
Net sales		3.4	4	8.4	9.6
Operating Segments | Engineered Systems | Energy Systems
Revenue from External Customer [Line Items]
Net sales		$ 9.3	$ 11.1	$ 15.8	$ 19.5
[1]	(a)Net sales excludes inter-segment sales of $6.9 million and $12.0 million for the second quarter and six months ended July 3, 2016, respectively, and $3.8 million and $8.1 million for the second quarter and six months ended June 28, 2015, respectively.

Discontinued Operations (Detail

Discontinued Operations (Details) $ in Millions	Aug. 05, 2016USD ($)
Discontinued Operations, Disposed of by Sale | Printed Circuit Technology Business | Subsequent Event
Subsequent Event [Line Items]
Consideration received	$ 9.3

Discontinued Operations (Income

Discontinued Operations (Income Statement Disclosure) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss from discontinued operations	$ (0.4)	$ (0.1)	$ (0.5)	$ (0.3)
Printed Circuit Technology Business | Discontinued Operations, Held-for-sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales	4.8	4.1	10.1	7.6
Operating loss	(0.7)	(0.2)	(0.8)	(0.5)
Tax benefit	(0.3)	(0.1)	(0.3)	(0.2)
Loss from discontinued operations	$ (0.4)	$ (0.1)	$ (0.5)	$ (0.3)

Discontinued Operations (Balanc

Discontinued Operations (Balance Sheet Disclosure) (Details) - USD ($) $ in Millions	Jul. 03, 2016	Jan. 03, 2016
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets held for sale	$ 11.8	$ 12.1
Liabilities held for sale	2.5	2.8
Printed Circuit Technology Business | Discontinued Operations, Held-for-sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Accounts receivable, net	4.9	4.4
Inventories, net	4.6	5.1
Prepaid expenses	0	0.1
Property and equipment, net	2.3	2.5
Assets held for sale	11.8	12.1
Accounts payable	1.8	2.4
Accrued liabilities	0.7	0.4
Liabilities held for sale	$ 2.5	$ 2.8