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.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.