Impact of Additional Week on Net Sales
Reconciliation of Non-GAAP Financial Measures to GAAP
Financial Measures for the Quarter Ended June 30, 2023
STE
connectivity
19
Adjustments
Acquisition- Restructuring
U.S. GAAP
(1)
Related
and Other
Charges Charges, Net (¹)
($ in millions, except per share data)
Adjusted
(Non-GAAP)
(2)
Operating income:
Transportation Solutions
$
425
$
$
27
$
452
Industrial Solutions
150
8
22
180
Communications Solutions
55
1
4
60
Total
$
630
$
9
$
53
$
692
Operating margin
Other expense, net
$
Income tax expense
Effective tax rate
15.8 %
$
(96)
15.4 %
$
$
17.3 %
(27)
$
(125)
18.2 %
Income from continuing operations
$
528
$
7
$
26
$
561
Diluted earnings per share from continuing
operations
$
1.67
$
0.02
$
0.08
$
1.77
(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