EX-99.4 5 tel-20251029xex99d4.htm EX-99.4

Exhibit 99.4

TE CONNECTIVITY PLC

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES

For the Quarter Ended September 26, 2025

(UNAUDITED)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Adjustments

​

​

​

​

​

​

​

​

Acquisition-

​

Restructuring

​

​

​

​

​

​

​

​

​

​

​

Related

​

and Other

​

Amortization

​

​

​

Adjusted

​

​

U.S. GAAP

​

​

Charges (1)

​

Charges, Net (1)

​

Expense (1)

​

Tax Items (2)

​

(Non-GAAP) (3)

​

​

($ in millions, except per share data)

​

Operating income:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Transportation Solutions

$

465

​

​

$

—

​

$

3

​

$

19

​

$

—

​

$

487

​

Industrial Solutions

​

451

​

​

​

10

​

​

14

​

​

39

​

​

—

​

​

514

​

Total

$

916

​

​

$

10

​

$

17

​

$

58

​

$

—

​

$

1,001

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Operating margin

​

19.3

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

21.1

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Income tax expense

$

(233)

​

​

$

(2)

​

$

6

​

$

(11)

​

$

31

​

$

(209)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Effective tax rate

​

26.0

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

21.3

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Income from continuing operations

$

664

​

​

$

8

​

$

23

​

$

47

​

$

31

​

$

773

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Diluted earnings per share from continuing operations

$

2.23

​

​

$

0.03

​

$

0.08

​

$

0.16

​

$

0.10

​

$

2.59

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

(1) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect for each such jurisdiction.

​

(2) Represents income tax expense of $44 million related to an increase in the valuation allowance for certain U.S. tax loss and credit carryforwards and an income tax benefit of $13 million related to the revaluation of deferred tax liabilities as a result of a decrease in the corporate tax rate in a non-U.S. jurisdiction.

​

(3) See description of non-GAAP financial measures effective for fiscal 2026.

​

​

​

​

​


​

TE CONNECTIVITY PLC

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES

For the Quarter Ended June 27, 2025

(UNAUDITED)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Adjustments

​

​

​

​

​

​

​

​

Acquisition-

​

Restructuring

​

​

​

​

​

​

​

​

​

Related

​

and Other

​

Amortization

​

Adjusted

​

​

U.S. GAAP

​

​

Charges (1)

​

Charges, Net (1)

​

Expense (1)

​

(Non-GAAP) (2)

​

​

($ in millions, except per share data)

​

Operating income:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Transportation Solutions

$

462

​

​

$

—

​

$

7

​

$

17

​

$

486

​

Industrial Solutions

​

395

​

​

​

30

​

​

7

​

​

35

​

​

467

​

Total

$

857

​

​

$

30

​

$

14

​

$

52

​

$

953

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Operating margin

​

18.9

%

​

​

​

​

​

​

​

​

​

​

​

21.0

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Income tax expense

$

(208)

​

​

$

(7)

​

$

1

​

$

(11)

​

$

(225)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Effective tax rate

​

24.6

%

​

​

​

​

​

​

​

​

​

​

​

23.9

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Income from continuing operations

$

638

​

​

$

23

​

$

15

​

$

41

​

$

717

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Diluted earnings per share from continuing operations

$

2.14

​

​

$

0.08

​

$

0.05

​

$

0.14

​

$

2.41

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

(1) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect for each such jurisdiction.

​

(2) See description of non-GAAP financial measures effective for fiscal 2026.

​

​

​

​

​


​

TE CONNECTIVITY PLC

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES

For the Quarter Ended March 28, 2025

(UNAUDITED)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Adjustments

​

​

​

​

​

​

​

​

Acquisition-

​

Restructuring

​

​

​

​

​

​

​

​

​

​

​

Related

​

and Other

​

Amortization

​

​

​

Adjusted

​

​

U.S. GAAP

​

​

Charges (1)

​

Charges, Net (1)

​

Expense (1)

​

Tax Items (2)

​

(Non-GAAP) (3)

​

​

($ in millions, except per share data)

​

Operating income:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Transportation Solutions

$

445

​

​

$

—

​

$

33

​

$

17

​

$

—

​

$

495

​

Industrial Solutions

​

303

​

​

​

12

​

​

12

​

​

24

​

​

—

​

​

351

​

Total

$

748

​

​

$

12

​

$

45

​

$

41

​

$

—

​

$

846

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Operating margin

​

18.1

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

20.4

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Income tax expense

$

(742)

​

​

$

(2)

​

$

(11)

​

$

(8)

​

$

574

​

$

(189)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Effective tax rate

​

98.3

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

22.2

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Income from continuing operations

$

13

​

​

$

10

​

$

34

​

$

33

​

$

574

​

$

664

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Diluted earnings per share from continuing operations

$

0.04

​

​

$

0.03

​

$

0.11

​

$

0.11

​

$

1.91

​

$

2.21

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

(1) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect for each such jurisdiction.

​

(2) Represents income tax expense related to a net increase in the valuation allowance for certain deferred tax assets associated with a ten-year tax credit obtained by a Swiss subsidiary in fiscal 2024.

​

(3) See description of non-GAAP financial measures effective for fiscal 2026.

​

​

​

​

​


​

TE CONNECTIVITY PLC

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES

For the Quarter Ended December 27, 2024

(UNAUDITED)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Adjustments

​

​

​

​

​

​

​

​

Acquisition-

​

Restructuring

​

​

​

​

​

​

​

​

​

​

​

Related

​

and Other

​

Amortization

​

​

​

Adjusted

​

​

U.S. GAAP

​

​

Charges (1)

​

Charges, Net (1)

​

Expense (1)

​

Tax Items (2)

​

(Non-GAAP) (3)

​

​

($ in millions, except per share data)

​

Operating income:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Transportation Solutions

$

446

​

​

$

—

​

$

32

​

$

17

​

$

—

​

$

495

​

Industrial Solutions

​

244

​

​

​

5

​

​

18

​

​

22

​

​

—

​

​

289

​

Total

$

690

​

​

$

5

​

$

50

​

$

39

​

$

—

​

$

784

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Operating margin

​

18.0

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

20.4

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Income tax expense

$

(178)

​

​

$

(1)

​

$

(9)

​

$

(7)

​

$

13

​

$

(182)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Effective tax rate

​

25.2

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

22.8

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Income from continuing operations

$

528

​

​

$

4

​

$

41

​

$

32

​

$

13

​

$

618

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Diluted earnings per share from continuing operations

$

1.75

​

​

$

0.01

​

$

0.14

​

$

0.11

​

$

0.04

​

$

2.05

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

(1) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect for each such jurisdiction.

​

(2) Represents income tax expense related to the revaluation of deferred tax assets as a result of a decrease in the corporate tax rate in a non-U.S. jurisdiction.

​

(3) See description of non-GAAP financial measures effective for fiscal 2026.

​

​

​

​

​


​

TE CONNECTIVITY PLC

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES

For the Quarter Ended September 27, 2024

(UNAUDITED)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Adjustments

​

​

​

​

​

​

​

​

Acquisition-

​

Restructuring

​

​

​

​

​

​

​

​

​

​

​

Related

​

and Other

​

Amortization

​

​

​

Adjusted

​

​

U.S. GAAP

​

​

Charges (1)

​

Charges, Net (1)

​

Expense (1)

​

Tax Items (2)

​

(Non-GAAP) (3)

​

​

($ in millions, except per share data)

​

Operating income:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Transportation Solutions

$

410

​

​

$

—

​

$

42

​

$

17

​

$

—

​

$

469

​

Industrial Solutions

​

241

​

​

​

5

​

​

57

​

​

23

​

​

—

​

​

326

​

Total

$

651

​

​

$

5

​

$

99

​

$

40

​

$

—

​

$

795

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Operating margin

​

16.0

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

19.5

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Income tax expense

$

(381)

​

​

$

(1)

​

$

(22)

​

$

(8)

​

$

238

​

$

(174)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Effective tax rate

​

58.0

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

21.7

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Income from continuing operations

$

276

​

​

$

4

​

$

77

​

$

32

​

$

238

​

$

627

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Diluted earnings per share from continuing operations

$

0.90

​

​

$

0.01

​

$

0.25

​

$

0.10

​

$

0.78

​

$

2.06

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

(1) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect for each such jurisdiction.

​

(2) Represents income tax expense related to an increase in the valuation allowance for deferred tax assets of a Swiss subsidiary.

​

(3) See description of non-GAAP financial measures effective for fiscal 2026.

​

​

​

​

​


​

TE CONNECTIVITY PLC

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES

For the Quarter Ended June 28, 2024

(UNAUDITED)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Adjustments

​

​

​

​

​

​

​

​

Acquisition-

​

Restructuring

​

​

​

​

​

​

​

​

​

Related

​

and Other

​

Amortization

​

Adjusted

​

​

U.S. GAAP

​

​

Charges (1)

​

Charges, Net (1)

​

Expense (1)

​

(Non-GAAP) (2)

​

​

($ in millions, except per share data)

​

Operating income:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Transportation Solutions

$

506

​

​

$

—

​

$

(8)

​

$

18

​

$

516

​

Industrial Solutions

​

249

​

​

​

5

​

​

14

​

​

23

​

​

291

​

Total

$

755

​

​

$

5

​

$

6

​

$

41

​

$

807

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Operating margin

​

19.0

%

​

​

​

​

​

​

​

​

​

​

​

20.3

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Income tax expense

$

(181)

​

​

$

—

​

$

4

​

$

(8)

​

$

(185)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Effective tax rate

​

24.0

%

​

​

​

​

​

​

​

​

​

​

​

23.0

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Income from continuing operations

$

573

​

​

$

5

​

$

10

​

$

33

​

$

621

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Diluted earnings per share from continuing operations

$

1.86

​

​

$

0.02

​

$

0.03

​

$

0.11

​

$

2.02

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

(1) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect for each such jurisdiction.

​

(2) See description of non-GAAP financial measures effective for fiscal 2026.

​

​

​

​

​


​

TE CONNECTIVITY PLC

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES

For the Quarter Ended March 29, 2024

(UNAUDITED)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Adjustments

​

​

​

​

​

​

​

​

Acquisition-

​

Restructuring

​

​

​

​

​

​

​

​

​

Related

​

and Other

​

Amortization

​

Adjusted

​

​

U.S. GAAP

​

​

Charges (1)

​

Charges, Net (1)

​

Expense (1)

​

(Non-GAAP) (2)

​

​

($ in millions, except per share data)

​

Operating income:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Transportation Solutions

$

477

​

​

$

—

​

$

19

​

$

18

​

$

514

​

Industrial Solutions

​

215

​

​

​

3

​

​

21

​

​

25

​

​

264

​

Total

$

692

​

​

$

3

​

$

40

​

$

43

​

$

778

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Operating margin

​

17.4

%

​

​

​

​

​

​

​

​

​

​

​

19.6

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Income tax expense

$

(146)

​

​

$

(1)

​

$

(6)

​

$

(8)

​

$

(161)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Effective tax rate

​

21.3

%

​

​

​

​

​

​

​

​

​

​

​

20.8

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Income from continuing operations

$

541

​

​

$

2

​

$

34

​

$

35

​

$

612

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Diluted earnings per share from continuing operations

$

1.75

​

​

$

0.01

​

$

0.11

​

$

0.11

​

$

1.97

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

(1) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect for each such jurisdiction.

​

(2) See description of non-GAAP financial measures effective for fiscal 2026.

​

​

​

​

​


​

TE CONNECTIVITY PLC

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES

For the Quarter Ended December 29, 2023

(UNAUDITED)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Adjustments

​

​

​

​

​

​

​

​

Acquisition-

​

Restructuring

​

​

​

​

​

​

​

​

​

​

​

Related

​

and Other

​

Amortization

​

​

​

Adjusted

​

​

U.S. GAAP

​

​

Charges (1)

​

Charges, Net (1)

​

Expense (1)

​

Tax Items (2)

​

(Non-GAAP) (3)

​

​

($ in millions, except per share data)

​

Operating income:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Transportation Solutions

$

487

​

​

$

—

​

$

14

​

$

18

​

$

3

​

$

522

​

Industrial Solutions

​

211

​

​

​

8

​

​

7

​

​

24

​

​

1

​

​

251

​

Total

$

698

​

​

$

8

​

$

21

​

$

42

​

$

4

​

$

773

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Operating margin

​

18.2

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

20.2

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Income tax (expense) benefit

$

1,105

​

​

$

(1)

​

$

(5)

​

$

(8)

​

$

(1,254)

​

$

(163)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Effective tax rate

​

(158.1)

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

21.1

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Income from continuing operations

$

1,804

​

​

$

7

​

$

16

​

$

34

​

$

(1,250)

​

$

611

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Diluted earnings per share from continuing operations

$

5.76

​

​

$

0.02

​

$

0.05

​

$

0.11

​

$

(3.99)

​

$

1.95

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

(1) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect for each such jurisdiction.

​

(2) Includes an $874 million net income tax benefit associated with a ten-year tax credit obtained by a Swiss subsidiary and a $262 million income tax benefit related to the revaluation of deferred tax assets as a result of a corporate tax rate increase in Switzerland. Also includes a $118 million income tax benefit associated with the tax impacts of a legal entity restructuring with related costs of $4 million recorded in selling, general, and administrative expenses for other non-income taxes.

​

(3) See description of non-GAAP financial measures effective for fiscal 2026.

​

​

​

​

​


​

TE CONNECTIVITY PLC

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES

For the Year Ended September 26, 2025

(UNAUDITED)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Adjustments

​

​

​

​

​

​

​

​

Acquisition-

​

Restructuring

​

​

​

​

​

​

​

​

​

​

​

Related

​

and Other

​

Amortization

​

​

​

Adjusted

​

​

U.S. GAAP

​

​

Charges (1)

​

Charges, Net (1)

​

Expense (1)

​

Tax Items (2)

​

(Non-GAAP) (3)

​

​

($ in millions, except per share data)

​

Operating income:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Transportation Solutions

$

1,818

​

​

$

—

​

$

75

​

$

70

​

$

—

​

$

1,963

​

Industrial Solutions

​

1,393

​

​

​

57

​

​

51

​

​

120

​

​

—

​

​

1,621

​

Total

$

3,211

​

​

$

57

​

$

126

​

$

190

​

$

—

​

$

3,584

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Operating margin

​

18.6

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

20.8

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Income tax expense

$

(1,361)

​

​

$

(12)

​

$

(13)

​

$

(37)

​

$

618

​

$

(805)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Effective tax rate

​

42.5

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

22.5

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Income from continuing operations

$

1,843

​

​

$

45

​

$

113

​

$

153

​

$

618

​

$

2,772

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Diluted earnings per share from continuing operations

$

6.16

​

​

$

0.15

​

$

0.38

​

$

0.51

​

$

2.07

​

$

9.27

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

(1) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect for each such jurisdiction.

​

(2) Represents income tax expense of $574 million related to a net increase in the valuation allowance for certain deferred tax assets associated with a ten-year tax credit obtained by a Swiss subsidiary in fiscal 2024 as well as income tax expense of $44 million related to an increase in the valuation allowance for certain U.S. tax loss and credit carryforwards.

​

(3) See description of non-GAAP financial measures effective for fiscal 2026.

​

​

​

​

​


​

TE CONNECTIVITY PLC

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES

For the Year Ended September 27, 2024

(UNAUDITED)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Adjustments

​

​

​

​

​

​

​

​

Acquisition-

​

Restructuring

​

​

​

​

​

​

​

​

​

​

​

Related

​

and Other

​

Amortization

​

​

​

Adjusted

​

​

U.S. GAAP

​

​

Charges (1)

​

Charges, Net (1)

​

Expense (1)

​

Tax Items (2)

​

(Non-GAAP) (3)

​

​

($ in millions, except per share data)

​

Operating income:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Transportation Solutions

$

1,880

​

​

$

—

​

$

67

​

$

71

​

$

3

​

$

2,021

​

Industrial Solutions

​

916

​

​

​

21

​

​

99

​

​

95

​

​

1

​

​

1,132

​

Total

$

2,796

​

​

$

21

​

$

166

​

$

166

​

$

4

​

$

3,153

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Operating margin

​

17.6

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

19.9

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Income tax (expense) benefit

$

397

​

​

$

(3)

​

$

(29)

​

$

(32)

​

$

(1,016)

​

$

(683)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Effective tax rate

​

(14.2)

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

21.7

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Income from continuing operations

$

3,194

​

​

$

18

​

$

137

​

$

134

​

$

(1,012)

​

$

2,471

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Diluted earnings per share from continuing operations

$

10.34

​

​

$

0.06

​

$

0.44

​

$

0.43

​

$

(3.28)

​

$

8.00

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

(1) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect for each such jurisdiction.

​

(2) Includes a $636 million net income tax benefit associated with a $972 million ten-year tax credit obtained by a Swiss subsidiary reduced by a $336 million valuation allowance related to the amount of the tax credit not expected to be realized. Also includes a $262 million income tax benefit related to the revaluation of deferred tax assets as a result of a corporate tax rate increase in Switzerland and a $118 million income tax benefit associated with the tax impacts of a legal entity restructuring with related costs of $4 million recorded in selling, general, and administrative expenses for other non-income taxes.

​

(3) See description of non-GAAP financial measures effective for fiscal 2026.

​

​