Exhibit 99.3
TYCO ELECTRONICS LTD.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Quarter Ended September 24, 2010
(UNAUDITED)
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| Adjustments |
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| Acquisition |
| Restructuring |
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| ||||
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| and Integration |
| and Other |
| Adjusted |
| ||||
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| U.S. GAAP |
| Costs |
| Charges, Net |
| (Non-GAAP) (1) |
| ||||
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| (in millions) |
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Operating Income: |
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|
|
|
|
|
|
|
| ||||
Transportation Connectivity |
| $ | 108 |
| $ | — |
| $ | 51 |
| $ | 159 |
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Communications and Industrial Solutions |
| 200 |
| — |
| 2 |
| 202 |
| ||||
Network Solutions |
| 74 |
| 8 |
| 3 |
| 85 |
| ||||
Total |
| $ | 382 |
| $ | 8 |
| $ | 56 |
| $ | 446 |
|
(1) See description of non-GAAP measures contained in this Form 8-K.
TYCO ELECTRONICS LTD.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Quarter Ended June 25, 2010
(UNAUDITED)
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| Adjustments |
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| Restructuring |
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| ||||
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|
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| and Other |
| Other Items, |
| Adjusted |
| ||||
|
| U.S. GAAP |
| Charges, Net |
| Net (1) |
| (Non-GAAP) (2) |
| ||||
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| (in millions) |
| ||||||||||
Operating Income: |
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|
|
|
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| ||||
Transportation Connectivity |
| $ | 159 |
| $ | 6 |
| $ | — |
| $ | 165 |
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Communications and Industrial Solutions |
| 205 |
| (1 | ) | — |
| 204 |
| ||||
Network Solutions |
| 96 |
| (2 | ) | — |
| 94 |
| ||||
Pre-separation litigation income |
| 7 |
| — |
| (7 | ) | — |
| ||||
Total |
| $ | 467 |
| $ | 3 |
| $ | (7 | ) | $ | 463 |
|
(1) Consists of $7 million of income related to pre-separation securities litigation.
(2) See description of non-GAAP measures contained in this Form 8-K.
TYCO ELECTRONICS LTD.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Quarter Ended March 26, 2010
(UNAUDITED)
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| Adjustments |
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| |||
|
|
|
| Restructuring |
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| |||
|
|
|
| and Other |
| Adjusted |
| |||
|
| U.S. GAAP |
| Charges, Net |
| (Non-GAAP) (1) |
| |||
|
| (in millions) |
| |||||||
Operating Income: |
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|
|
|
|
|
| |||
Transportation Connectivity |
| $ | 149 |
| $ | — |
| $ | 149 |
|
Communications and Industrial Solutions |
| 162 |
| 12 |
| 174 |
| |||
Network Solutions |
| 87 |
| — |
| 87 |
| |||
Total |
| $ | 398 |
| $ | 12 |
| $ | 410 |
|
(1) See description of non-GAAP measures contained in this Form 8-K.
TYCO ELECTRONICS LTD.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Quarter Ended December 25, 2009
(UNAUDITED)
|
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|
| Adjustments |
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| |||
|
|
|
| Restructuring |
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|
| |||
|
|
|
| and Other |
| Adjusted |
| |||
|
| U.S. GAAP |
| Charges, Net (1) |
| (Non-GAAP) (2) |
| |||
|
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| (in millions) |
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|
| |||
Operating Income: |
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|
|
|
| |||
Transportation Connectivity |
| $ | 99 |
| $ | 37 |
| $ | 136 |
|
Communications and Industrial Solutions |
| 115 |
| 7 |
| 122 |
| |||
Network Solutions |
| 55 |
| 19 |
| 74 |
| |||
Total |
| $ | 269 |
| $ | 63 |
| $ | 332 |
|
(1) Includes $66 million recorded in net restructuring and other charges and a $3 million credit recorded in cost of sales.
(2) See description of non-GAAP measures contained in this Form 8-K.
TYCO ELECTRONICS LTD.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Quarter Ended September 25, 2009
(UNAUDITED)
|
|
|
| Adjustments |
|
|
| |||
|
|
|
| Restructuring |
|
|
| |||
|
|
|
| and Other |
| Adjusted |
| |||
|
| U.S. GAAP |
| Charges, Net (1) |
| (Non-GAAP) (2) |
| |||
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| (in millions) |
| |||||||
Operating Income: |
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|
|
|
|
|
| |||
Transportation Connectivity |
| $ | 37 |
| $ | 17 |
| $ | 54 |
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Communications and Industrial Solutions |
| 48 |
| 11 |
| 59 |
| |||
Network Solutions |
| 91 |
| 17 |
| 108 |
| |||
Total |
| $ | 176 |
| $ | 45 |
| $ | 221 |
|
(1) Includes $46 million recorded in net restructuring and other charges and a $1 million credit recorded in cost of sales.
(2) See description of non-GAAP measures contained in this Form 8-K.
TYCO ELECTRONICS LTD.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Quarter Ended June 26, 2009
(UNAUDITED)
|
|
|
| Adjustments |
|
|
| |||
|
|
|
| Restructuring |
|
|
| |||
|
|
|
| and Other |
| Adjusted |
| |||
|
| U.S. GAAP |
| Charges, Net |
| (Non-GAAP) (1) |
| |||
|
| (in millions) |
| |||||||
Operating Income: |
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|
|
|
|
|
| |||
Transportation Connectivity |
| $ | (50 | ) | $ | 50 |
| $ | — |
|
Communications and Industrial Solutions |
| 10 |
| (3 | ) | 7 |
| |||
Network Solutions |
| 104 |
| 16 |
| 120 |
| |||
Total |
| $ | 64 |
| $ | 63 |
| $ | 127 |
|
(1) See description of non-GAAP measures contained in this Form 8-K.
TYCO ELECTRONICS LTD.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Quarter Ended March 27, 2009
(UNAUDITED)
|
|
|
| Adjustments |
|
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| |||||||||
|
|
|
| Restructuring |
|
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|
|
| |||||
|
|
|
| and Other |
| Impairment of |
| Other Items, |
| Adjusted |
| |||||
|
| U.S. GAAP |
| Charges, Net (1) |
| Goodwill |
| Net (2) |
| (Non-GAAP) (3) |
| |||||
|
| (in millions) |
| |||||||||||||
Operating Income (Loss): |
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| |||||
Transportation Connectivity |
| $ | (2,235 | ) | $ | 83 |
| $ | 2,088 |
| $ | — |
| $ | (64 | ) |
Communications and Industrial Solutions |
| (1,502 | ) | 95 |
| 1,459 |
| — |
| 52 |
| |||||
Network Solutions |
| 75 |
| 9 |
| — |
| — |
| 84 |
| |||||
Pre-separation litigation charges |
| (135 | ) | — |
| — |
| 135 |
| — |
| |||||
Total |
| $ | (3,797 | ) | $ | 187 |
| $ | 3,547 |
| $ | 135 |
| $ | 72 |
|
(1) Includes $189 million recorded in net restructuring and other charges and a $2 million credit recorded in cost of sales.
(2) Consists of $135 million of charges related to the settlement of pre-separation securities litigation.
(3) See description of non-GAAP measures contained in this Form 8-K.
TYCO ELECTRONICS LTD.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Quarter Ended December 26, 2008
(UNAUDITED)
|
|
|
| Adjustments |
|
|
| ||||||
|
|
|
| Restructuring |
|
|
|
|
| ||||
|
|
|
| and Other |
| Other Items, |
| Adjusted |
| ||||
|
| U.S. GAAP |
| Charges, Net (1) |
| Net (2) |
| (Non-GAAP) (3) |
| ||||
|
| (in millions) |
| ||||||||||
Operating Income: |
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|
|
|
|
|
|
|
| ||||
Transportation Connectivity |
| $ | (6 | ) | $ | 21 |
| $ | — |
| $ | 15 |
|
Communications and Industrial Solutions |
| 16 |
| 35 |
| 8 |
| 59 |
| ||||
Network Solutions |
| 82 |
| 22 |
| — |
| 104 |
| ||||
Pre-separation litigation charges |
| (9 | ) | — |
| 9 |
| — |
| ||||
Total |
| $ | 83 |
| $ | 78 |
| $ | 17 |
| $ | 178 |
|
(1) Includes $77 million recorded in net restructuring and other charges and $1 million recorded in cost of sales.
(2) Consists of $9 million of charges related to the settlement of pre-separation securities litigation and $8 million of costs related to a product liability matter from several years ago recorded in selling, general, and administrative expenses.
(3) See description of non-GAAP measures contained in this Form 8-K.
TYCO ELECTRONICS LTD.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Year Ended September 24, 2010
(UNAUDITED)
|
|
|
| Adjustments |
|
|
| ||||||
|
|
|
| Restructuring |
|
|
|
|
| ||||
|
|
|
| and Other |
| Other Items, |
| Adjusted |
| ||||
|
| U.S. GAAP |
| Charges, Net (1) |
| Net (2) |
| (Non-GAAP) (3) |
| ||||
|
| (in millions) |
| ||||||||||
Operating Income: |
|
|
|
|
|
|
|
|
| ||||
Transportation Connectivity |
| $ | 515 |
| $ | 94 |
| $ | — |
| $ | 609 |
|
Communications and Industrial Solutions |
| 682 |
| 20 |
| — |
| 702 |
| ||||
Network Solutions |
| 312 |
| 20 |
| 8 |
| 340 |
| ||||
Pre-separation litigation income |
| 7 |
| — |
| (7 | ) | — |
| ||||
Total |
| $ | 1,516 |
| $ | 134 |
| $ | 1 |
| $ | 1,651 |
|
(1) Includes $137 million recorded in net restructuring and other charges and a $3 million credit recorded in cost of sales.
(2) Consists of $8 million of acquisition and integration costs and $7 million of income related to pre-separation securities litigation.
(3) See description of non-GAAP measures contained in this Form 8-K.
TYCO ELECTRONICS LTD.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Year Ended September 25, 2009
(UNAUDITED)
|
|
|
| Adjustments |
|
|
| |||||||||
|
|
|
| Restructuring |
|
|
|
|
|
|
| |||||
|
|
|
| and Other |
| Impairment of |
| Other Items, |
| Adjusted |
| |||||
|
| U.S. GAAP |
| Charges, Net (1) |
| Goodwill |
| Net (2) |
| (Non-GAAP) (3) |
| |||||
|
| (in millions) |
| |||||||||||||
Operating Income (Loss): |
|
|
|
|
|
|
|
|
|
|
| |||||
Transportation Connectivity |
| $ | (2,254 | ) | $ | 171 |
| $ | 2,088 |
| $ | — |
| $ | 5 |
|
Communications and Industrial Solutions |
| (1,428 | ) | 138 |
| 1,459 |
| 8 |
| 177 |
| |||||
Network Solutions |
| 352 |
| 64 |
| — |
| — |
| 416 |
| |||||
Pre-separation litigation charges |
| (144 | ) | — |
| — |
| 144 |
| — |
| |||||
Total |
| $ | (3,474 | ) | $ | 373 |
| $ | 3,547 |
| $ | 152 |
| $ | 598 |
|
(1) Includes $375 million recorded in net restructuring and other charges and a $2 million credit recorded in cost of sales.
(2) Consists of $144 million of charges related to the settlement of pre-separation securities litigation and $8 million of costs related to a product liability matter from several years ago recorded in selling, general, and administrative expenses.
(3) See description of non-GAAP measures contained in this Form 8-K.
TYCO ELECTRONICS LTD.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Year Ended September 26, 2008
(UNAUDITED)
|
|
|
| Adjustments |
|
|
| |||||||||
|
|
|
| Restructuring |
|
|
|
|
|
|
| |||||
|
|
|
| and Other |
| Impairment of |
| Other Items, |
| Adjusted |
| |||||
|
| U.S. GAAP |
| Charges, Net (1) |
| Goodwill |
| Net (2) |
| (Non-GAAP) (3) |
| |||||
|
| (in millions) |
| |||||||||||||
Operating Income: |
|
|
|
|
|
|
|
|
|
|
| |||||
Transportation Connectivity |
| $ | 503 |
| $ | 145 |
| $ | 103 |
| $ | (36 | ) | $ | 715 |
|
Communications and Industrial Solutions |
| 771 |
| 56 |
| — |
| 8 |
| 835 |
| |||||
Network Solutions |
| 411 |
| 27 |
| — |
| — |
| 438 |
| |||||
Pre-separation litigation charges, net |
| (22 | ) | — |
| — |
| 22 |
| — |
| |||||
Total |
| $ | 1,663 |
| $ | 228 |
| $ | 103 |
| $ | (6 | ) | $ | 1,988 |
|
(1) Includes $219 million recorded in net restructuring and other charges and $9 million recorded in cost of sales.
(2) Consists of a $36 million gain on the sale of real estate and $8 million of costs related to a customs settlement, both of which are recorded in selling, general and administrative expenses, and $22 million of net charges related to the settlement of pre-separation securities litigation.
(3) See description of non-GAAP measures contained in this Form 8-K.