Impact of Additional Week on Net Sales
Reconciliation of Non-GAAP Financial Measures to GAAP
Financial Measures for the Quarter Ended June 24, 2022
STE
connectivity
Operating income:
Acquisition-
U.S. GAAP
Related
Charges
(1)
Adjustments
Restructuring
and Other
Charges, Net (1)(2) Tax Items
($ in millions, except per share data)
Adjusted
(3)
(Non-GAAP) (4)
Transportation Solutions
$
383
$
5
$
9
$
$
397
Industrial Solutions
165
6
15
186
Communications Solutions
171
1
6
178
Total
719
$
12
$
30
$
$
761
Operating margin
17.5 %
18.6 %
Other income, net
$
4
$
$
$
$
4
Income tax expense
$
(116)
$
(3) $
$
(21)
$
(146)
Effective tax rate
16.4 %
19.5 %
Income from continuing operations
$
592
$
9
$
24
$
(21)
$
604
Diluted earnings per share from
continuing operations
$
1.83
$
0.03
$
0.07
$
(0.06)
$
1.86
(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 $26 million recorded in net restructuring and other charges and $4 million recorded in cost of sales.
(3)
Includes a $21 million income tax benefit related to the tax impacts of an intercompany transaction.
20
20
(4) See description of non-GAAP financial measures.View entire presentation