Impact of Additional Week on Net Sales
Reconciliation of Non-GAAP Financial Measures to GAAP
Financial Measures for the Quarter Ended March
31, 2023
STE
connectivity
25
U.S. GAAP
Adjustments
Acquisition- Restructuring
and Other
(1)
Related
Charges Charges, Net (1)
($ in millions, except per share data)
Adjusted
(Non-GAAP)
(2)
Operating income:
Transportation Solutions
$
333
$
$
78
$
411
Industrial Solutions
134
7
33
174
Communications Solutions
70
1
8
79
Total
$
537
$
8
$
119
$
664
Operating margin
12.9 %
16.0 %
Other expense, net
$
$
$
$
Income tax expense
EA
Effective tax rate
(100)
$
$
(26)
$
(127)
19.0 %
19.5 %
Income from continuing operations
$
425
$
7
$
93
$
525
Diluted earnings per share from continuing
operations
$
1.34
$
0.02
S
0.29
$
1.65
(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.View entire presentation