Teledyne Technologies

A major earthquake, tornado, hurricane or catastrophic event such as fire, power loss, telecommunications failure, vandalism, cyber-attack, war, terrorist attack or health epidemic (including COVID) could cause system interruptions, reputational harm, delays in application development, lengthy production interruptions, breaches of data security and loss of critical data, materially harming business, results of operations and financial condition.

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, commercial contracts, employment and employee benefits. 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 condition.

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Item 2.

AI risks include flawed algorithms, litigation, uncertain regulation, competitive disadvantage and compliance costs.

AOCI components are foreign currency translation, cash flow hedges, and pension and postretirement benefits.

Additional future non-cash impairment charges could result from different assumptions, changes to customer spending priorities, or a sharp increase in interest rates without a corresponding increase in future net sales.