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Financial Instruments
12 Months Ended
Dec. 29, 2019
Fair Value Disclosures [Abstract]  
Financial Instruments Financial InstrumentsThe Company had no cash equivalents at December 29, 2019 or December 30, 2018. The fair value of the Company’s forward currency contracts as of December 29, 2019 and December 30, 2018, are disclosed in Note 2, under “Derivative Instruments and Hedging Activities,” of the Notes to Consolidated Financial Statements and are based on Level 2 inputs. 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 fair value of the Company’s senior unsecured notes as described in Note 9, “Long-Term Debt,” of the Notes to Consolidated Financial Statements approximated the carrying value based upon Level 2 inputs and is valued based on observable market data at December 29, 2019 and December 30, 2018. The fair value of the Company’s credit facility, term loans and other debt, also described in Note 9, at December 29, 2019 and December 30, 2018, approximated the carrying value due to the variable market rate used to calculate interest payments. The Company does not have any other significant financial assets or liabilities that are measured at fair value. The carrying value of other on-balance-sheet financial instruments approximates fair value, and the cost, if any, to terminate off-balance sheet financial instruments (primarily letters of credit) is not significant.