TE Connectivity Ltd(NYSE:TEL) 
TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the Asia?Pacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solut...
Website: http://www.te.com
Founded: 2000
Full Time Employees: 82,000
Sector: Technology
Industry: Electronic Components
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At a glance:
- Diversified Connectivity & Sensor Supplier with Global End-Markets: TE Connectivity is a global manufacturer of connectors, sensors, and related components serving automotive, industrial, communications, and other electronics-heavy end markets, providing diversification across cycles.
- Automotive and Industrial Exposure Drives Demand Sensitivity: Results tend to be influenced by trends in auto production (including EV content growth) and industrial automation/capital spending, which can create cyclical revenue and margin variability.
- Margin and Mix Focus Through High-Value Products: The company typically emphasizes higher-value interconnect and sensor solutions, where design-in positions and switching costs can support pricing, mix improvement, and profitability over time.
- Supply Chain and Input-Cost Execution Remains a Key Swing Factor: Operational performance is meaningfully affected by manufacturing efficiency, logistics, and raw material/input-cost dynamics; execution can influence gross margin and free cash flow conversion.
- Capital Allocation Often Centers on Shareholder Returns and Portfolio Optimization: TE Connectivity has historically balanced reinvestment with shareholder returns (e.g., buybacks/dividends) and selective M&A/divestitures, with outcomes depending on valuation discipline and integration execution.
Bull Thesis:
- Deep Exposure to Electrification and Automation Megatrends: TE Connectivity is a critical enabler for major secular growth trends, particularly in electric vehicles (EVs), renewable energy infrastructure, and industrial automation. Their high-performance connectors and sensors are essential components in these rapidly expanding markets, providing a long-term demand tailwind as industries transition towards more sustainable and automated solutions.
- Diversified and Resilient Business Model: With significant revenue streams across automotive, industrial, and communications solutions, TE Connectivity benefits from a diversified end-market exposure. This broad base helps mitigate risks associated with downturns in any single sector, providing greater revenue stability and resilience through various economic cycles compared to more concentrated peers.
- Strong Innovation and High-Value Solutions: The company consistently invests in research and development, leading to a robust portfolio of proprietary technologies and high-value, differentiated products. Their specialized connectors and sensors are often critical components in harsh environments or high-performance applications, allowing them to command premium pricing and maintain strong customer relationships due to the mission-critical nature of their offerings.
- Robust Free Cash Flow Generation and Capital Allocation: TE Connectivity has a track record of strong free cash flow generation, reflecting efficient operations and disciplined capital management. This financial strength enables strategic capital allocation, including investments in organic growth, value-accretive acquisitions, and consistent returns to shareholders through dividends and share buybacks, enhancing long-term shareholder value.
Bear Thesis:
- Sensitivity to Global Economic Cycles: Despite diversification, a significant portion of TE Connectivity's revenue is tied to cyclical industries such as automotive and industrial equipment. A prolonged global economic slowdown, reduced capital expenditure by customers, or a recession could lead to decreased demand for their products, impacting revenue growth and profitability.
- Intense Competition and Pricing Pressures: The connector and sensor market is highly competitive, with numerous global and regional players. This intense competition can lead to pricing pressures, especially for more commoditized products, potentially eroding profit margins if TE Connectivity cannot consistently differentiate its offerings or maintain cost leadership.
- Supply Chain Vulnerabilities and Input Cost Inflation: TE Connectivity relies on a complex global supply chain for raw materials and components. Geopolitical events, trade disputes, natural disasters, or commodity price volatility (e.g., copper, plastics) can disrupt supply, increase input costs, and lead to production delays, negatively impacting manufacturing efficiency and profitability.
- Geopolitical and Macroeconomic Headwinds: With a significant global footprint, TE Connectivity is exposed to various geopolitical risks, including trade tensions (e.g., US-China relations), currency fluctuations, and regional economic instability. These factors can create uncertainty, impact demand in key markets, and potentially lead to increased operational costs or tariffs.
Main Competitors:
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Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-27 | 2025-12-26 | 2025-09-26 | 2025-06-27 | 2025-03-28 | 2024-12-27 | 2024-09-27 | 2024-06-28 | 2024-03-29 | 2023-12-29 | 2023-09-29 | 2023-06-30 | 2023-03-31 | 2022-12-30 | 2022-09-30 | 2022-06-24 | 2022-03-25 | 2021-12-24 | 2021-09-24 | 2021-06-25 | 2021-03-26 | 2020-12-25 | 2020-09-25 | 2020-06-26 | 2020-03-27 | 2019-12-27 | 2019-09-27 | 2019-06-28 | 2019-03-29 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
net sales | 4,744,000,000 | 4,669,000,000 | 4,749,000,000 | 4,534,000,000 | 4,143,000,000 | 3,836,000,000 | 4,068,000,000 | 3,979,000,000 | 3,967,000,000 | 3,831,000,000 | 4,035,000,000 | 3,998,000,000 | 4,160,000,000 | 3,841,000,000 | 4,359,000,000 | 4,097,000,000 | 4,007,000,000 | 3,818,000,000 | 3,818,000,000 | 3,845,000,000 | 3,738,000,000 | 3,522,000,000 | 3,261,000,000 | 2,548,000,000 | 3,195,000,000 | 3,168,000,000 | 3,300,000,000 | 3,389,000,000 | 3,412,000,000 |
yoy | 14.51% | 21.72% | 16.74% | 13.95% | 4.44% | 0.13% | 0.82% | -0.48% | -4.64% | -0.26% | -7.43% | -2.42% | 3.82% | 0.60% | 14.17% | 6.55% | 7.20% | 8.40% | 17.08% | 50.90% | 17.00% | 11.17% | -1.18% | -24.82% | -6.36% | ||||
qoq | 1.61% | -1.68% | 4.74% | 9.44% | 8.00% | -5.70% | 2.24% | 0.30% | 3.55% | -5.06% | 0.93% | -3.89% | 8.31% | -11.88% | 6.39% | 2.25% | 4.95% | 0.00% | -0.70% | 2.86% | 6.13% | 8.00% | 27.98% | -20.25% | 0.85% | -4.00% | -2.63% | -0.67% | |
cost of sales | 2,999,000,000 | 2,930,000,000 | 3,089,000,000 | 2,934,000,000 | 2,684,000,000 | 2,476,000,000 | 2,685,000,000 | 2,593,000,000 | 2,604,000,000 | 2,507,000,000 | 2,750,000,000 | 2,699,000,000 | 2,876,000,000 | 2,654,000,000 | 3,010,000,000 | 2,769,000,000 | 2,670,000,000 | 2,588,000,000 | 2,555,000,000 | 2,577,000,000 | 2,528,000,000 | 2,376,000,000 | 2,292,000,000 | 1,841,000,000 | 2,166,000,000 | 2,138,000,000 | 2,248,000,000 | 2,279,000,000 | 2,294,000,000 |
gross margin | 1,745,000,000 | 1,739,000,000 | 1,660,000,000 | 1,600,000,000 | 1,459,000,000 | 1,360,000,000 | 1,383,000,000 | 1,386,000,000 | 1,363,000,000 | 1,324,000,000 | 1,285,000,000 | 1,299,000,000 | 1,284,000,000 | 1,187,000,000 | 1,349,000,000 | 1,328,000,000 | 1,337,000,000 | 1,230,000,000 | 1,263,000,000 | 1,268,000,000 | 1,210,000,000 | 1,146,000,000 | 969,000,000 | 707,000,000 | 1,029,000,000 | 1,030,000,000 | 1,052,000,000 | 1,110,000,000 | 1,118,000,000 |
yoy | 19.60% | 27.87% | 20.03% | 15.44% | 7.04% | 2.72% | 7.63% | 6.70% | 6.15% | 11.54% | -4.74% | -2.18% | -3.96% | -3.50% | 6.81% | 4.73% | 10.50% | 7.33% | 30.34% | 79.35% | 17.59% | 11.26% | -7.89% | -36.31% | -7.96% | ||||
qoq | 0.35% | 4.76% | 3.75% | 9.66% | 7.28% | -1.66% | -0.22% | 1.69% | 2.95% | 3.04% | -1.08% | 1.17% | 8.17% | -12.01% | 1.58% | -0.67% | 8.70% | -2.61% | -0.39% | 4.79% | 5.58% | 18.27% | 37.06% | -31.29% | -0.10% | -2.09% | -5.23% | -0.72% | |
gross margin % | 36.78% | 37.25% | 34.95% | 35.29% | 35.22% | 35.45% | 34.00% | 34.83% | 34.36% | 34.56% | 31.85% | 32.49% | 30.87% | 30.90% | 30.95% | 32.41% | 33.37% | 32.22% | 33.08% | 32.98% | 32.37% | 32.54% | 29.71% | 27.75% | 32.21% | 32.51% | 31.88% | 32.75% | 32.77% |
selling, general, and administrative expenses | 536,000,000 | 538,000,000 | 494,000,000 | 491,000,000 | 454,000,000 | 427,000,000 | 433,000,000 | 431,000,000 | 444,000,000 | 424,000,000 | 412,000,000 | 431,000,000 | 435,000,000 | 392,000,000 | 412,000,000 | 393,000,000 | 416,000,000 | 363,000,000 | 384,000,000 | 366,000,000 | 401,000,000 | 361,000,000 | 352,000,000 | 321,000,000 | 352,000,000 | 367,000,000 | 372,000,000 | 356,000,000 | 373,000,000 |
research, development, and engineering expenses | 237,000,000 | 225,000,000 | 227,000,000 | 211,000,000 | 203,000,000 | 188,000,000 | 195,000,000 | 189,000,000 | 184,000,000 | 173,000,000 | 174,000,000 | 176,000,000 | 185,000,000 | 173,000,000 | 179,000,000 | 179,000,000 | 185,000,000 | 175,000,000 | 173,000,000 | 168,000,000 | 174,000,000 | 162,000,000 | 148,000,000 | 146,000,000 | 158,000,000 | 161,000,000 | 159,000,000 | 158,000,000 | 166,000,000 |
acquisition and integration costs | 8,000,000 | 3,000,000 | 6,000,000 | 27,000,000 | 9,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 3,000,000 | 8,000,000 | 7,000,000 | 9,000,000 | 8,000,000 | 9,000,000 | 16,000,000 | 11,000,000 | 10,000,000 | 8,000,000 | 8,000,000 | 9,000,000 | 6,000,000 | 8,000,000 | 9,000,000 | 8,000,000 | 12,000,000 | 7,000,000 | 6,000,000 | 9,000,000 | 7,000,000 |
restructuring and other charges | 10,000,000 | 10,000,000 | 17,000,000 | 14,000,000 | 45,000,000 | 50,000,000 | 99,000,000 | 6,000,000 | 40,000,000 | 21,000,000 | 57,000,000 | 53,000,000 | 119,000,000 | 111,000,000 | 82,000,000 | 26,000,000 | 21,000,000 | 12,000,000 | 38,000,000 | 11,000,000 | 17,000,000 | 167,000,000 | 113,000,000 | 98,000,000 | 22,000,000 | 24,000,000 | 71,000,000 | 67,000,000 | 42,000,000 |
operating income | 954,000,000 | 963,000,000 | 916,000,000 | 857,000,000 | 748,000,000 | 690,000,000 | 651,000,000 | 755,000,000 | 692,000,000 | 698,000,000 | 635,000,000 | 630,000,000 | 537,000,000 | 502,000,000 | 660,000,000 | 719,000,000 | 705,000,000 | 672,000,000 | 660,000,000 | 714,000,000 | 612,000,000 | 448,000,000 | 347,000,000 | 134,000,000 | -415,000,000 | 471,000,000 | 444,000,000 | 520,000,000 | 530,000,000 |
yoy | 27.54% | 39.57% | 40.71% | 13.51% | 8.09% | -1.15% | 2.52% | 19.84% | 28.86% | 39.04% | -3.79% | -12.38% | -23.83% | -25.30% | 0.00% | 0.70% | 15.20% | 50.00% | 90.20% | 432.84% | -247.47% | -4.88% | -21.85% | -74.23% | -178.30% | ||||
qoq | -0.93% | 5.13% | 6.88% | 14.57% | 8.41% | 5.99% | -13.77% | 9.10% | -0.86% | 9.92% | 0.79% | 17.32% | 6.97% | -23.94% | -8.21% | 1.99% | 4.91% | 1.82% | -7.56% | 16.67% | 36.61% | 29.11% | 158.96% | -132.29% | -188.11% | 6.08% | -14.62% | -1.89% | |
operating margin % | 20.11% | 20.63% | 19.29% | 18.90% | 18.05% | 17.99% | 16.00% | 18.97% | 17.44% | 18.22% | 15.74% | 15.76% | 12.91% | 13.07% | 15.14% | 17.55% | 17.59% | 17.60% | 17.29% | 18.57% | 16.37% | 12.72% | 10.64% | 5.26% | -12.99% | 14.87% | 13.45% | 15.34% | 15.53% |
interest income | 21,000,000 | 25,000,000 | 21,000,000 | 17,000,000 | 22,000,000 | 23,000,000 | 26,000,000 | 20,000,000 | 19,000,000 | 22,000,000 | 21,000,000 | 18,000,000 | 12,000,000 | 9,000,000 | 6,000,000 | 3,000,000 | 4,000,000 | 2,000,000 | 3,000,000 | 3,000,000 | 8,000,000 | 3,000,000 | 2,000,000 | 2,000,000 | 5,000,000 | 6,000,000 | 6,000,000 | 4,000,000 | 4,000,000 |
interest expense | -32,000,000 | -30,000,000 | -29,000,000 | -28,000,000 | -14,000,000 | -6,000,000 | -15,000,000 | -18,000,000 | -19,000,000 | -18,000,000 | -19,000,000 | -20,000,000 | -20,000,000 | -21,000,000 | -18,000,000 | -18,000,000 | -18,000,000 | -12,000,000 | -14,000,000 | -14,000,000 | -13,000,000 | -15,000,000 | -12,000,000 | -13,000,000 | -11,000,000 | -12,000,000 | -13,000,000 | -13,000,000 | -15,000,000 |
other income | -1,000,000 | 3,000,000 | -3,000,000 | -4,000,000 | -4,000,000 | -5,000,000 | 4,000,000 | 4,000,000 | 5,000,000 | 15,000,000 | -22,000,000 | 2,000,000 | 4,000,000 | -1,000,000 | 4,000,000 | 11,000,000 | 5,000,000 | 2,000,000 | 1,000,000 | ||||||||||
income from continuing operations before income taxes | 942,000,000 | 961,000,000 | 897,000,000 | 846,000,000 | 755,000,000 | 706,000,000 | 657,000,000 | 754,000,000 | 687,000,000 | 699,000,000 | 634,000,000 | 624,000,000 | 525,000,000 | 485,000,000 | 652,000,000 | 708,000,000 | 696,000,000 | 677,000,000 | 627,000,000 | 705,000,000 | 611,000,000 | 435,000,000 | 337,000,000 | 127,000,000 | -410,000,000 | 470,000,000 | 437,000,000 | 513,000,000 | 520,000,000 |
income tax expense | -87,000,000 | -210,000,000 | -81,000,000 | -96,000,000 | -100,000,000 | -87,000,000 | 56,000,000 | -116,000,000 | -136,000,000 | -110,000,000 | -72,500,000 | -124,000,000 | -106,000,000 | -60,000,000 | -42,000,000 | -447,000,000 | -91,000,000 | ||||||||||||
income from continuing operations | 855,000,000 | 751,000,000 | 664,000,000 | 638,000,000 | 13,000,000 | 528,000,000 | 276,000,000 | 573,000,000 | 541,000,000 | 1,804,000,000 | 553,000,000 | 528,000,000 | 425,000,000 | 398,000,000 | 708,000,000 | 592,000,000 | 560,000,000 | 567,000,000 | 794,000,000 | 581,000,000 | 505,000,000 | 375,000,000 | 228,000,000 | -58,000,000 | -452,000,000 | 23,000,000 | 376,000,000 | 758,000,000 | 429,000,000 |
loss from discontinued operations, net of income taxes | -1,000,000 | -1,000,000 | -1,000,000 | ||||||||||||||||||||||||||
net income | 855,000,000 | 750,000,000 | 663,000,000 | 638,000,000 | 13,000,000 | 528,000,000 | 276,000,000 | 573,000,000 | 541,000,000 | 1,803,000,000 | 552,000,000 | 528,000,000 | 433,000,000 | 397,000,000 | 708,000,000 | 594,000,000 | 560,000,000 | 566,000,000 | 794,000,000 | 580,000,000 | 506,000,000 | 381,000,000 | 230,000,000 | -41,000,000 | -456,000,000 | 26,000,000 | 372,000,000 | 757,000,000 | 439,000,000 |
yoy | 6476.92% | 42.05% | 140.22% | 11.34% | -97.60% | -70.72% | -50.00% | 8.52% | 24.94% | 354.16% | -22.03% | -11.11% | -22.68% | -29.86% | -10.83% | 2.41% | 10.67% | 48.56% | 245.22% | -1514.63% | -210.96% | 1365.38% | -38.17% | -105.42% | -203.87% | ||||
qoq | 14.00% | 13.12% | 3.92% | 4807.69% | -97.54% | 91.30% | -51.83% | 5.91% | -69.99% | 226.63% | 4.55% | 21.94% | 9.07% | -43.93% | 19.19% | 6.07% | -1.06% | -28.72% | 36.90% | 14.62% | 32.81% | 65.65% | -660.98% | -91.01% | -1853.85% | -93.01% | -50.86% | 72.44% | |
net income margin % | 18.02% | 16.06% | 13.96% | 14.07% | 0.31% | 13.76% | 6.78% | 14.40% | 13.64% | 47.06% | 13.68% | 13.21% | 10.41% | 10.34% | 16.24% | 14.50% | 13.98% | 14.82% | 20.80% | 15.08% | 13.54% | 10.82% | 7.05% | -1.61% | -14.27% | 0.82% | 11.27% | 22.34% | 12.87% |
basic earnings per share: | |||||||||||||||||||||||||||||
loss from discontinued operations | |||||||||||||||||||||||||||||
diluted earnings per share: | |||||||||||||||||||||||||||||
weighted-average number of shares outstanding: | |||||||||||||||||||||||||||||
basic | 293 | 294 | 297 | 296 | 298 | 299 | 307 | 306 | 308 | 311 | 315 | 315 | 316 | 317 | 323 | 322 | 325 | 327 | 330 | 330 | 331 | 331 | 332 | 330 | 334 | 335 | 338 | 337 | 338 |
diluted | 295 | 297 | 299 | 298 | 300 | 301 | 309 | 308 | 310 | 313 | 317 | 317 | 318 | 319 | 325 | 324 | 327 | 330 | 333 | 333 | 334 | 333 | 332 | 330 | 334 | 337 | 340 | 339 | 340 |
other expense | -11,000,000 | -1,000,000 | -1,000,000 | -2,750,000 | -3,000,000 | -5,000,000 | -3,000,000 | ||||||||||||||||||||||
income tax benefit | -233,000,000 | -208,000,000 | -742,000,000 | -178,000,000 | -381,000,000 | -181,000,000 | -146,000,000 | 1,105,000,000 | -109,000,000 | -185,000,000 | -61,000,000 | 245,000,000 | |||||||||||||||||
income from discontinued operations, net of income taxes | -1,000,000 | 8,000,000 | 2,000,000 | -1,000,000 | -1,000,000 | 1,000,000 | 6,000,000 | 2,000,000 | 17,000,000 | -4,000,000 | 3,000,000 | -4,000,000 | -1,000,000 | 10,000,000 | |||||||||||||||
income from discontinued operations | 0.03 | 0.01 | 0.02 | 0.05 | -0.01 | 0.01 | -0.01 | 0.03 | |||||||||||||||||||||
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impairment of goodwill | 900,000,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-27 | 2025-12-26 | 2025-09-26 | 2025-06-27 | 2025-03-28 | 2024-12-27 | 2024-09-27 | 2024-06-28 | 2024-03-29 | 2023-12-29 | 2023-09-29 | 2023-06-30 | 2023-03-31 | 2022-12-30 | 2022-09-30 | 2022-06-24 | 2022-03-25 | 2021-12-24 | 2021-09-24 | 2021-06-25 | 2021-03-26 | 2020-12-25 | 2020-09-25 | 2020-06-26 | 2020-03-27 | 2019-12-27 | 2019-09-27 | 2019-06-28 | 2019-03-29 |
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assets | |||||||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||||||
cash and cash equivalents | 1,110,000,000 | 1,251,000,000 | 1,255,000,000 | 672,000,000 | 2,554,000,000 | 1,254,000,000 | 1,319,000,000 | 1,469,000,000 | 1,176,000,000 | 1,170,000,000 | 1,661,000,000 | 1,131,000,000 | 905,000,000 | 793,000,000 | 1,088,000,000 | 820,000,000 | 749,000,000 | 982,000,000 | 1,203,000,000 | 1,416,000,000 | 1,748,000,000 | 1,098,000,000 | 945,000,000 | 474,000,000 | 796,000,000 | 742,000,000 | 927,000,000 | 546,000,000 | 565,000,000 |
accounts receivable | 3,454,000,000 | 3,469,000,000 | 3,403,000,000 | 3,431,000,000 | 3,193,000,000 | 2,912,000,000 | 3,055,000,000 | 2,889,000,000 | 2,874,000,000 | 2,828,000,000 | 2,967,000,000 | 2,998,000,000 | 3,048,000,000 | 2,910,000,000 | 2,865,000,000 | 3,132,000,000 | 3,068,000,000 | 2,844,000,000 | 2,928,000,000 | 2,985,000,000 | 2,921,000,000 | 2,640,000,000 | 2,377,000,000 | 2,146,000,000 | 2,461,000,000 | 2,338,000,000 | 2,320,000,000 | 2,463,000,000 | 2,463,000,000 |
inventories | 2,995,000,000 | 2,951,000,000 | 2,699,000,000 | 2,832,000,000 | 2,603,000,000 | 2,619,000,000 | 2,517,000,000 | 2,669,000,000 | 2,744,000,000 | 2,783,000,000 | 2,552,000,000 | 2,801,000,000 | 2,811,000,000 | 2,927,000,000 | 2,676,000,000 | 3,028,000,000 | 2,999,000,000 | 2,845,000,000 | 2,511,000,000 | 2,392,000,000 | 2,134,000,000 | 2,066,000,000 | 1,950,000,000 | 2,227,000,000 | 2,001,000,000 | 2,003,000,000 | 1,836,000,000 | 1,961,000,000 | 1,970,000,000 |
prepaid expenses and other current assets | 682,000,000 | 697,000,000 | 609,000,000 | 670,000,000 | 724,000,000 | 734,000,000 | 740,000,000 | 686,000,000 | 710,000,000 | 660,000,000 | 712,000,000 | 719,000,000 | 675,000,000 | 688,000,000 | 639,000,000 | 603,000,000 | 601,000,000 | 573,000,000 | 621,000,000 | 601,000,000 | 619,000,000 | 677,000,000 | 512,000,000 | 472,000,000 | 457,000,000 | 483,000,000 | 471,000,000 | 452,000,000 | 448,000,000 |
total current assets | 8,241,000,000 | 8,368,000,000 | 7,966,000,000 | 7,605,000,000 | 9,074,000,000 | 7,519,000,000 | 7,631,000,000 | 7,713,000,000 | 7,504,000,000 | 7,441,000,000 | 7,892,000,000 | 7,649,000,000 | 7,439,000,000 | 7,318,000,000 | 7,268,000,000 | 7,583,000,000 | 7,417,000,000 | 7,244,000,000 | 7,263,000,000 | 7,394,000,000 | 7,422,000,000 | 6,481,000,000 | 5,784,000,000 | 5,319,000,000 | 5,715,000,000 | 5,566,000,000 | 5,554,000,000 | 5,422,000,000 | 5,446,000,000 |
property, plant, and equipment | 4,473,000,000 | 4,395,000,000 | 4,312,000,000 | 4,213,000,000 | 3,925,000,000 | 3,759,000,000 | 3,903,000,000 | 3,758,000,000 | 3,799,000,000 | 3,854,000,000 | 3,754,000,000 | 3,781,000,000 | 3,818,000,000 | 3,781,000,000 | 3,567,000,000 | 3,712,000,000 | 3,817,000,000 | 3,827,000,000 | 3,778,000,000 | 3,723,000,000 | 3,662,000,000 | 3,768,000,000 | 3,650,000,000 | 3,598,000,000 | 3,558,000,000 | 3,659,000,000 | 3,574,000,000 | 3,636,000,000 | 3,596,000,000 |
goodwill | 7,437,000,000 | 7,162,000,000 | 7,126,000,000 | 7,251,000,000 | 5,900,000,000 | 5,835,000,000 | 5,801,000,000 | 5,664,000,000 | 5,678,000,000 | 5,836,000,000 | 5,463,000,000 | 5,528,000,000 | 5,527,000,000 | 5,511,000,000 | 5,258,000,000 | 5,352,000,000 | 5,463,000,000 | 5,503,000,000 | 5,590,000,000 | 5,401,000,000 | 5,342,000,000 | 5,387,000,000 | 5,224,000,000 | 5,143,000,000 | 5,235,000,000 | 5,846,000,000 | 5,740,000,000 | 5,800,000,000 | 5,626,000,000 |
intangible assets | 2,145,000,000 | 2,177,000,000 | 2,227,000,000 | 2,286,000,000 | 1,161,000,000 | 1,177,000,000 | 1,174,000,000 | 1,177,000,000 | 1,220,000,000 | 1,278,000,000 | 1,175,000,000 | 1,242,000,000 | 1,286,000,000 | 1,357,000,000 | 1,288,000,000 | 1,355,000,000 | 1,441,000,000 | 1,509,000,000 | 1,549,000,000 | 1,516,000,000 | 1,548,000,000 | 1,613,000,000 | 1,593,000,000 | 1,612,000,000 | 1,547,000,000 | 1,602,000,000 | 1,596,000,000 | 1,664,000,000 | 1,596,000,000 |
deferred income taxes | 2,337,000,000 | 2,429,000,000 | 2,507,000,000 | 2,624,000,000 | 2,741,000,000 | 3,270,000,000 | 3,497,000,000 | 3,768,000,000 | 3,813,000,000 | 3,852,000,000 | 2,600,000,000 | 2,680,000,000 | 2,634,000,000 | 2,591,000,000 | 2,498,000,000 | 2,478,000,000 | 2,466,000,000 | 2,513,000,000 | 2,499,000,000 | 2,224,000,000 | 2,204,000,000 | 2,198,000,000 | 2,178,000,000 | 2,286,000,000 | 2,382,000,000 | 2,360,000,000 | 2,776,000,000 | 2,845,000,000 | 2,607,000,000 |
other assets | 1,046,000,000 | 1,021,000,000 | 943,000,000 | 887,000,000 | 855,000,000 | 881,000,000 | 848,000,000 | 818,000,000 | 810,000,000 | 810,000,000 | 828,000,000 | 821,000,000 | 786,000,000 | 795,000,000 | 903,000,000 | 868,000,000 | 847,000,000 | 813,000,000 | 783,000,000 | 800,000,000 | 789,000,000 | 819,000,000 | 813,000,000 | 882,000,000 | 930,000,000 | 943,000,000 | 454,000,000 | 381,000,000 | 391,000,000 |
total assets | 25,679,000,000 | 25,552,000,000 | 25,081,000,000 | 24,866,000,000 | 23,656,000,000 | 22,441,000,000 | 22,854,000,000 | 22,898,000,000 | 22,824,000,000 | 23,071,000,000 | 21,712,000,000 | 21,701,000,000 | 21,490,000,000 | 21,353,000,000 | 20,782,000,000 | 21,348,000,000 | 21,451,000,000 | 21,409,000,000 | 21,462,000,000 | 21,058,000,000 | 20,967,000,000 | 20,266,000,000 | 19,242,000,000 | 18,840,000,000 | 19,367,000,000 | 19,976,000,000 | 19,694,000,000 | 19,748,000,000 | 19,262,000,000 |
liabilities, redeemable noncontrolling interests, and shareholders' equity | |||||||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||||||
short-term debt | 102,000,000 | 852,000,000 | 852,000,000 | 851,000,000 | 2,351,000,000 | 920,000,000 | 871,000,000 | 1,249,000,000 | 1,235,000,000 | 613,000,000 | 682,000,000 | 291,000,000 | 286,000,000 | 820,000,000 | 914,000,000 | 822,000,000 | 610,000,000 | 484,000,000 | 503,000,000 | 505,000,000 | 919,000,000 | 685,000,000 | 694,000,000 | 691,000,000 | 603,000,000 | 561,000,000 | 570,000,000 | 602,000,000 | 612,000,000 |
accounts payable | 2,224,000,000 | 2,149,000,000 | 2,021,000,000 | 2,024,000,000 | 1,843,000,000 | 1,859,000,000 | 1,728,000,000 | 1,662,000,000 | 1,598,000,000 | 1,690,000,000 | 1,563,000,000 | 1,616,000,000 | 1,678,000,000 | 1,751,000,000 | 1,593,000,000 | 1,917,000,000 | 1,986,000,000 | 1,964,000,000 | 1,911,000,000 | 1,938,000,000 | 1,793,000,000 | 1,629,000,000 | 1,276,000,000 | 1,271,000,000 | 1,390,000,000 | 1,433,000,000 | 1,357,000,000 | 1,438,000,000 | 1,485,000,000 |
accrued and other current liabilities | 2,039,000,000 | 2,068,000,000 | 2,247,000,000 | 2,113,000,000 | 1,805,000,000 | 1,694,000,000 | 2,147,000,000 | 2,206,000,000 | 2,330,000,000 | 1,708,000,000 | 2,218,000,000 | 2,351,000,000 | 2,429,000,000 | 1,849,000,000 | 2,125,000,000 | 2,319,000,000 | 2,450,000,000 | 1,826,000,000 | 2,242,000,000 | 2,219,000,000 | 2,327,000,000 | 1,769,000,000 | 1,720,000,000 | 1,765,000,000 | 1,966,000,000 | 1,410,000,000 | 1,613,000,000 | 1,654,000,000 | 1,770,000,000 |
total current liabilities | 4,365,000,000 | 5,069,000,000 | 5,120,000,000 | 4,988,000,000 | 5,999,000,000 | 4,473,000,000 | 4,746,000,000 | 5,117,000,000 | 5,163,000,000 | 4,011,000,000 | 4,463,000,000 | 4,258,000,000 | 4,393,000,000 | 4,420,000,000 | 4,632,000,000 | 5,058,000,000 | 5,046,000,000 | 4,274,000,000 | 4,656,000,000 | 4,662,000,000 | 5,039,000,000 | 4,083,000,000 | 3,690,000,000 | 3,727,000,000 | 3,959,000,000 | 3,404,000,000 | 3,540,000,000 | 3,694,000,000 | 3,867,000,000 |
long-term debt | 5,553,000,000 | 4,856,000,000 | 4,842,000,000 | 4,846,000,000 | 3,263,000,000 | 3,285,000,000 | 3,332,000,000 | 2,953,000,000 | 2,961,000,000 | 3,585,000,000 | 3,529,000,000 | 3,915,000,000 | 3,916,000,000 | 3,398,000,000 | 3,292,000,000 | 3,380,000,000 | 3,441,000,000 | 3,519,000,000 | 3,589,000,000 | 3,629,000,000 | 3,602,000,000 | 3,516,000,000 | 3,452,000,000 | 3,395,000,000 | 3,752,000,000 | 3,412,000,000 | 3,395,000,000 | 3,434,000,000 | 3,370,000,000 |
long-term pension and postretirement liabilities | 750,000,000 | 766,000,000 | 767,000,000 | 817,000,000 | 786,000,000 | 778,000,000 | 810,000,000 | 720,000,000 | 736,000,000 | 744,000,000 | 728,000,000 | 735,000,000 | 731,000,000 | 728,000,000 | 695,000,000 | 1,094,000,000 | 1,103,000,000 | 1,119,000,000 | 1,139,000,000 | 1,305,000,000 | 1,299,000,000 | 1,329,000,000 | 1,336,000,000 | 1,366,000,000 | 1,359,000,000 | 1,365,000,000 | 1,367,000,000 | 1,094,000,000 | 1,081,000,000 |
income taxes | 306,000,000 | 441,000,000 | 414,000,000 | 426,000,000 | 396,000,000 | 396,000,000 | 411,000,000 | 386,000,000 | 372,000,000 | 380,000,000 | 365,000,000 | 335,000,000 | 326,000,000 | 319,000,000 | 304,000,000 | 322,000,000 | 318,000,000 | 331,000,000 | 302,000,000 | 299,000,000 | 277,000,000 | 266,000,000 | 252,000,000 | 244,000,000 | 228,000,000 | 247,000,000 | 239,000,000 | 240,000,000 | 333,000,000 |
other liabilities | 1,125,000,000 | 1,086,000,000 | 1,010,000,000 | 1,042,000,000 | 784,000,000 | 773,000,000 | 870,000,000 | 781,000,000 | 846,000,000 | 914,000,000 | 787,000,000 | 791,000,000 | 782,000,000 | 792,000,000 | 718,000,000 | 771,000,000 | 809,000,000 | 846,000,000 | 847,000,000 | 852,000,000 | 827,000,000 | 949,000,000 | 874,000,000 | 803,000,000 | 772,000,000 | 849,000,000 | 427,000,000 | 461,000,000 | 421,000,000 |
total liabilities | 12,297,000,000 | 12,416,000,000 | 12,351,000,000 | 12,342,000,000 | 11,439,000,000 | 9,908,000,000 | 10,368,000,000 | 10,143,000,000 | 10,264,000,000 | 9,822,000,000 | 10,057,000,000 | 10,245,000,000 | 10,364,000,000 | 9,885,000,000 | 9,885,000,000 | 10,811,000,000 | 10,902,000,000 | 10,281,000,000 | 10,714,000,000 | 10,896,000,000 | 11,184,000,000 | 10,287,000,000 | 9,747,000,000 | 9,696,000,000 | 10,196,000,000 | 9,419,000,000 | 9,124,000,000 | 9,126,000,000 | 9,268,000,000 |
commitments and contingencies | |||||||||||||||||||||||||||||
redeemable noncontrolling interests | 148,000,000 | 149,000,000 | 145,000,000 | 143,000,000 | 132,000,000 | 124,000,000 | 131,000,000 | 123,000,000 | 106,000,000 | 108,000,000 | 104,000,000 | 107,000,000 | 106,000,000 | 104,000,000 | 95,000,000 | 103,000,000 | 107,000,000 | 108,000,000 | 114,000,000 | 116,000,000 | 114,000,000 | 118,000,000 | 112,000,000 | ||||||
shareholders' equity: | |||||||||||||||||||||||||||||
preferred shares, 1.00 par value, 2 shares authorized, none outstanding | |||||||||||||||||||||||||||||
ordinary class a shares, €1.00 par value, 25,000 shares authorized, none outstanding | |||||||||||||||||||||||||||||
ordinary shares, 0.01 par value... | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | |||||||||||||||||||||||
accumulated earnings | 13,900,000,000 | 14,543,000,000 | 13,932,000,000 | 13,337,000,000 | 12,811,000,000 | 12,933,000,000 | 14,533,000,000 | 14,253,000,000 | 13,689,000,000 | 14,678,000,000 | 12,947,000,000 | 12,372,000,000 | 11,824,000,000 | 13,200,000,000 | 12,832,000,000 | 12,084,000,000 | 12,160,000,000 | 12,285,000,000 | 11,709,000,000 | 10,892,000,000 | 10,541,000,000 | 10,672,000,000 | 10,348,000,000 | 10,125,000,000 | 11,122,000,000 | 12,206,000,000 | 12,256,000,000 | 11,893,000,000 | 11,710,000,000 |
ordinary shares held in treasury, at cost, 3,632,502 and 8,330,931 shares, respectively | -818,000,000 | ||||||||||||||||||||||||||||
accumulated other comprehensive income | 149,000,000 | 203,000,000 | 6,000,000 | -43,000,000 | -114,000,000 | -217,000,000 | 5,000,000 | 11,000,000 | |||||||||||||||||||||
total shareholders' equity | 13,234,000,000 | 12,987,000,000 | 12,585,000,000 | 12,381,000,000 | 12,085,000,000 | 12,409,000,000 | 12,355,000,000 | 12,632,000,000 | 11,551,000,000 | 11,349,000,000 | 11,020,000,000 | 11,364,000,000 | 10,802,000,000 | 10,434,000,000 | 10,442,000,000 | 11,020,000,000 | 10,634,000,000 | 10,046,000,000 | 9,669,000,000 | 9,861,000,000 | 9,383,000,000 | ||||||||
total liabilities, redeemable noncontrolling interests, and shareholders' equity | 25,679,000,000 | 25,552,000,000 | 25,081,000,000 | 24,866,000,000 | 23,656,000,000 | 22,441,000,000 | 22,854,000,000 | 22,898,000,000 | 21,712,000,000 | 21,701,000,000 | 21,490,000,000 | 21,353,000,000 | 20,782,000,000 | 21,348,000,000 | 21,451,000,000 | 21,409,000,000 | 21,462,000,000 | 21,058,000,000 | 20,967,000,000 | 20,266,000,000 | 19,242,000,000 | ||||||||
ordinary shares held in treasury, at cost, 10,086,721 and 8,330,931 shares, respectively | -1,762,000,000 | ||||||||||||||||||||||||||||
preferred shares, 1.00 par value, 2 shares authorized, none outstanding as of september 26, 2025 | |||||||||||||||||||||||||||||
ordinary class a shares, €1.00 par value, 25,000 shares authorized, none outstanding as of september 26, 2025 | |||||||||||||||||||||||||||||
ordinary shares and common shares held in treasury, at cost, 8,330,931 and 16,656,681 shares, respectively | -1,356,000,000 | ||||||||||||||||||||||||||||
preferred shares, 1.00 par value, 2 shares authorized, none outstanding as of june 27, 2025 | |||||||||||||||||||||||||||||
ordinary class a shares, €1.00 par value, 25,000 shares authorized, none outstanding as of june 27, 2025 | |||||||||||||||||||||||||||||
ordinary shares and common shares held in treasury, at cost, 6,147,743 and 16,656,681 shares, respectively | -916,000,000 | ||||||||||||||||||||||||||||
preferred shares, 1.00 par value, 2 shares authorized, none outstanding as of march 28, 2025 | |||||||||||||||||||||||||||||
ordinary class a shares, €1.00 par value, 25,000 shares authorized, none outstanding as of march 28, 2025 | |||||||||||||||||||||||||||||
ordinary shares and common shares held in treasury, at cost, 4,139,531 and 16,656,681 shares, respectively | -615,000,000 | ||||||||||||||||||||||||||||
preferred shares, 1.00 par value, 2 shares authorized, none outstanding as of december 27, 2024 | |||||||||||||||||||||||||||||
ordinary class a shares, €1.00 par value, 25,000 shares authorized, none outstanding as of december 27, 2024 | |||||||||||||||||||||||||||||
ordinary shares and common shares held in treasury, at cost, 2,074,979 and 16,656,681 shares, respectively | -310,000,000 | ||||||||||||||||||||||||||||
common shares, chf 0.57 par value, 316,574,781 shares authorized and issued, and 322,470,281 shares authorized and issued, respectively | 139,000,000 | 139,000,000 | 139,000,000 | ||||||||||||||||||||||||||
treasury shares, at cost, 16,656,681 and 10,487,742 shares, respectively | -2,322,000,000 | ||||||||||||||||||||||||||||
treasury shares, at cost, 12,129,385 and 10,487,742 shares, respectively | -1,647,000,000 | ||||||||||||||||||||||||||||
accumulated other comprehensive loss | -113,000,000 | -84,000,000 | -158,000,000 | -80,000,000 | -13,000,000 | -128,000,000 | -495,000,000 | -426,000,000 | -97,000,000 | -139,000,000 | -168,000,000 | -216,000,000 | -246,000,000 | -305,000,000 | -445,000,000 | -509,000,000 | -571,000,000 | -414,000,000 | -503,000,000 | -201,000,000 | -160,000,000 | ||||||||
liabilities, redeemable noncontrolling interests, and equity | |||||||||||||||||||||||||||||
equity: | |||||||||||||||||||||||||||||
te connectivity ltd. shareholders' equity: | |||||||||||||||||||||||||||||
treasury shares, at cost, 9,695,361 and 10,487,742 shares, respectively | -1,295,000,000 | ||||||||||||||||||||||||||||
total te connectivity ltd. shareholders' equity | 12,449,000,000 | 13,136,000,000 | 9,036,000,000 | 9,066,000,000 | |||||||||||||||||||||||||
noncontrolling interests | 5,000,000 | 5,000,000 | 108,000,000 | 105,000,000 | |||||||||||||||||||||||||
total equity | 12,454,000,000 | 13,141,000,000 | 9,144,000,000 | 9,171,000,000 | |||||||||||||||||||||||||
total liabilities, redeemable noncontrolling interests, and equity | 22,824,000,000 | 23,071,000,000 | |||||||||||||||||||||||||||
common shares, chf 0.57 par value, 322,470,281 shares authorized and issued | 142,000,000 | ||||||||||||||||||||||||||||
treasury shares, at cost, 13,050,787 and 10,487,742 shares, respectively | -1,695,000,000 | ||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||
common shares, chf 0.57 par value, 322,470,281 shares authorized and issued, and 330,830,781 shares authorized and issued, respectively | 142,000,000 | 142,000,000 | 142,000,000 | ||||||||||||||||||||||||||
treasury shares, at cost, 10,487,742 and 12,749,540 shares, respectively | -1,380,000,000 | ||||||||||||||||||||||||||||
treasury shares, at cost, 8,271,688 and 12,749,540 shares, respectively | -1,085,000,000 | ||||||||||||||||||||||||||||
treasury shares, at cost, 7,053,036 and 12,749,540 shares, respectively | -933,000,000 | ||||||||||||||||||||||||||||
common shares, chf 0.57 par value, 330,830,781 shares authorized and issued | 146,000,000 | ||||||||||||||||||||||||||||
treasury shares, at cost, 14,065,031 and 12,749,540 shares, respectively | -1,854,000,000 | ||||||||||||||||||||||||||||
common shares, chf 0.57 par value, 330,830,781 shares authorized and issued, and 336,099,881 shares authorized and issued, respectively | 146,000,000 | 146,000,000 | |||||||||||||||||||||||||||
treasury shares, at cost, 12,749,540 and 9,060,919 shares, respectively | -1,681,000,000 | ||||||||||||||||||||||||||||
treasury shares, at cost, 10,425,219 and 9,060,919 shares, respectively | -1,370,000,000 | ||||||||||||||||||||||||||||
common shares, chf 0.57 par value, 336,099,881 shares authorized and issued | 148,000,000 | 148,000,000 | |||||||||||||||||||||||||||
treasury shares, at cost, 13,281,156 and 9,060,919 shares, respectively | -1,769,000,000 | ||||||||||||||||||||||||||||
treasury shares, at cost, 9,911,977 and 9,060,919 shares, respectively | -1,274,000,000 | ||||||||||||||||||||||||||||
common shares, chf 0.57 par value, 336,099,881 shares authorized and issued, and 338,953,381 shares authorized and issued, respectively | 148,000,000 | 148,000,000 | |||||||||||||||||||||||||||
treasury shares, at cost, 9,060,919 and 8,295,878 shares, respectively | -1,055,000,000 | ||||||||||||||||||||||||||||
treasury shares, at cost, 7,518,936 and 8,295,878 shares, respectively | -778,000,000 | ||||||||||||||||||||||||||||
common shares, chf 0.57 par value, 338,953,381 shares authorized and issued | 149,000,000 | 149,000,000 | |||||||||||||||||||||||||||
treasury shares, at cost, 8,520,155 and 8,295,878 shares, respectively | -775,000,000 | ||||||||||||||||||||||||||||
treasury shares, at cost, 7,836,597 and 8,295,878 shares, respectively | -655,000,000 | ||||||||||||||||||||||||||||
common shares, chf 0.57 par value, 338,953,381 shares authorized and issued, and 350,951,381 shares authorized and issued, respectively | 149,000,000 | 149,000,000 | |||||||||||||||||||||||||||
treasury shares, at cost, 8,295,878 and 15,862,337 shares, respectively | -669,000,000 | ||||||||||||||||||||||||||||
liabilities and equity | |||||||||||||||||||||||||||||
treasury shares, at cost, 8,961,449 and 15,862,337 shares, respectively | -729,000,000 | ||||||||||||||||||||||||||||
total liabilities and equity | 18,840,000,000 | 19,367,000,000 | |||||||||||||||||||||||||||
common shares, chf 0.57 par value, 350,951,381 shares authorized and issued | 154,000,000 | 154,000,000 | |||||||||||||||||||||||||||
treasury shares, at cost, 19,877,795 and 15,862,337 shares, respectively | -1,639,000,000 | ||||||||||||||||||||||||||||
liabilities and shareholders’ equity | |||||||||||||||||||||||||||||
shareholders’ equity: | |||||||||||||||||||||||||||||
treasury shares, at cost, 16,520,951 and 15,862,337 shares, respectively | -1,389,000,000 | ||||||||||||||||||||||||||||
total shareholders’ equity | 10,557,000,000 | 10,570,000,000 | 10,622,000,000 | 9,994,000,000 | |||||||||||||||||||||||||
total liabilities and shareholders’ equity | 19,976,000,000 | 19,694,000,000 | 19,748,000,000 | 19,262,000,000 | |||||||||||||||||||||||||
assets held for sale | |||||||||||||||||||||||||||||
liabilities held for sale | |||||||||||||||||||||||||||||
common shares, chf 0.57 par value, 350,951,381 shares authorized and issued, and 357,069,981 shares authorized and issued, respectively | 154,000,000 | ||||||||||||||||||||||||||||
treasury shares, at cost, 15,862,337 and 12,279,603 shares, respectively | -1,337,000,000 | ||||||||||||||||||||||||||||
liabilities and shareholders' equity | |||||||||||||||||||||||||||||
common shares, chf 0.57 par value, 350,951,381 shares authorized and issued, | |||||||||||||||||||||||||||||
and 357,069,981 shares authorized and issued, respectively | 154,000,000 | ||||||||||||||||||||||||||||
treasury shares, at cost, 14,541,059 and 12,279,603 shares, respectively | -1,224,000,000 | ||||||||||||||||||||||||||||
common shares, chf 0.57 par value, 357,069,981 shares authorized and issued | 157,000,000 | ||||||||||||||||||||||||||||
treasury shares, at cost, 19,761,517 and 12,279,603 shares, respectively | -1,713,000,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-27 | 2025-12-26 | 2025-09-26 | 2025-06-27 | 2025-03-28 | 2024-12-27 | 2024-09-27 | 2024-06-28 | 2024-03-29 | 2023-12-29 | 2023-09-29 | 2023-06-30 | 2023-03-31 | 2022-12-30 | 2022-09-30 | 2022-06-24 | 2022-03-25 | 2021-12-24 | 2021-09-24 | 2021-06-25 | 2021-03-26 | 2020-12-25 | 2020-09-25 | 2020-06-26 | 2020-03-27 | 2019-12-27 | 2019-09-27 | 2019-06-28 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||||||||||||||||||
net income | 855,000,000 | 750,000,000 | 663,000,000 | 638,000,000 | 13,000,000 | 528,000,000 | 276,000,000 | 573,000,000 | 541,000,000 | 1,803,000,000 | 552,000,000 | 528,000,000 | 433,000,000 | 397,000,000 | 708,000,000 | 594,000,000 | 560,000,000 | 566,000,000 | 794,000,000 | 580,000,000 | 506,000,000 | 381,000,000 | 230,000,000 | -41,000,000 | -456,000,000 | 26,000,000 | 372,000,000 | 757,000,000 |
loss from discontinued operations, net of income taxes | 0 | 1,000,000 | 0 | 0 | 0 | 1,000,000 | -8,000,000 | 1,000,000 | ||||||||||||||||||||
income from continuing operations | 855,000,000 | 751,000,000 | 664,000,000 | 638,000,000 | 13,000,000 | 528,000,000 | 276,000,000 | 573,000,000 | 541,000,000 | 1,804,000,000 | 553,000,000 | 528,000,000 | 425,000,000 | 398,000,000 | 708,000,000 | 592,000,000 | 560,000,000 | 567,000,000 | 794,000,000 | 581,000,000 | 505,000,000 | 375,000,000 | 228,000,000 | -58,000,000 | -452,000,000 | 23,000,000 | 376,000,000 | 758,000,000 |
adjustments to reconcile income from continuing operations to net cash from operating activities: | ||||||||||||||||||||||||||||
depreciation and amortization | 243,000,000 | 259,000,000 | 244,000,000 | 216,000,000 | 192,000,000 | 186,000,000 | 232,000,000 | 208,000,000 | 192,000,000 | 194,000,000 | 200,000,000 | 200,000,000 | 207,000,000 | 187,000,000 | 188,000,000 | 205,000,000 | 194,000,000 | 198,000,000 | 179,000,000 | 210,000,000 | 193,000,000 | 187,000,000 | 181,000,000 | 176,000,000 | 180,000,000 | 174,000,000 | 175,000,000 | 174,000,000 |
deferred income taxes | 82,000,000 | 77,000,000 | 166,000,000 | 71,000,000 | 603,000,000 | 98,000,000 | 401,000,000 | 22,000,000 | 5,000,000 | -1,217,000,000 | 44,000,000 | -51,000,000 | -35,000,000 | -35,000,000 | -129,000,000 | -60,000,000 | 38,000,000 | 4,000,000 | -292,000,000 | -14,000,000 | -6,000,000 | -42,000,000 | 76,000,000 | 114,000,000 | -49,000,000 | 394,000,000 | 72,000,000 | -262,000,000 |
non-cash lease cost | 39,000,000 | 39,000,000 | 39,000,000 | 37,000,000 | 35,000,000 | 34,000,000 | 34,000,000 | 33,000,000 | 33,000,000 | 34,000,000 | 23,000,000 | 36,000,000 | 36,000,000 | 34,000,000 | 33,000,000 | 34,000,000 | 33,000,000 | 31,000,000 | 30,000,000 | 31,000,000 | 29,000,000 | 30,000,000 | 29,000,000 | 27,000,000 | 25,000,000 | 27,000,000 | ||
provision for losses on accounts receivable and inventories | 6,000,000 | 43,000,000 | -4,000,000 | 19,000,000 | 2,000,000 | 41,000,000 | -13,000,000 | 15,000,000 | 13,000,000 | 42,000,000 | -6,000,000 | 13,000,000 | 18,000,000 | 51,000,000 | -9,000,000 | 10,000,000 | 16,000,000 | 6,000,000 | ||||||||||
share-based compensation expense | 42,000,000 | 50,000,000 | 44,000,000 | 36,000,000 | 34,000,000 | 35,000,000 | 27,000,000 | 31,000,000 | 35,000,000 | 34,000,000 | 28,000,000 | 32,000,000 | 31,000,000 | 32,000,000 | 31,000,000 | 28,000,000 | 28,000,000 | 32,000,000 | 21,000,000 | 24,000,000 | 30,000,000 | 19,000,000 | 20,000,000 | 17,000,000 | 15,000,000 | 22,000,000 | 19,000,000 | 18,000,000 |
other | -29,000,000 | 4,000,000 | 20,000,000 | 26,000,000 | 22,000,000 | 12,000,000 | 18,000,000 | -11,000,000 | 24,000,000 | 40,000,000 | 16,000,000 | 17,000,000 | 19,000,000 | 49,000,000 | 42,000,000 | -23,000,000 | 13,000,000 | -9,000,000 | -16,000,000 | -25,000,000 | -41,000,000 | 21,000,000 | 14,000,000 | 29,000,000 | 1,000,000 | 10,000,000 | 25,000,000 | -6,000,000 |
changes in assets and liabilities, net of the effects of acquisitions and divestitures: | ||||||||||||||||||||||||||||
accounts receivable | 20,000,000 | -79,000,000 | 50,000,000 | -220,000,000 | -317,000,000 | 146,000,000 | -216,000,000 | 10,000,000 | -55,000,000 | 127,000,000 | 56,000,000 | 22,000,000 | -170,000,000 | -54,000,000 | 308,000,000 | -51,000,000 | -205,000,000 | 148,000,000 | 120,000,000 | -71,000,000 | -268,000,000 | -299,000,000 | -245,000,000 | 322,000,000 | -116,000,000 | -24,000,000 | 136,000,000 | 2,000,000 |
inventories | -30,000,000 | -301,000,000 | 139,000,000 | -167,000,000 | -14,000,000 | -118,000,000 | 97,000,000 | 114,000,000 | 41,000,000 | -282,000,000 | 278,000,000 | -50,000,000 | 51,000,000 | -324,000,000 | 398,000,000 | -28,000,000 | -147,000,000 | -264,000,000 | -74,000,000 | -270,000,000 | -67,000,000 | -145,000,000 | 253,000,000 | -191,000,000 | 25,000,000 | -176,000,000 | 123,000,000 | 11,000,000 |
prepaid expenses and other current assets | -34,000,000 | 20,000,000 | 60,000,000 | -109,000,000 | 72,000,000 | 68,000,000 | 13,000,000 | 13,000,000 | 47,000,000 | -48,000,000 | 47,000,000 | -5,000,000 | 61,000,000 | -86,000,000 | -7,000,000 | 21,000,000 | -16,000,000 | 52,000,000 | -5,000,000 | 16,000,000 | 57,000,000 | -87,000,000 | 24,000,000 | 2,000,000 | 48,000,000 | -23,000,000 | 35,000,000 | 18,000,000 |
accounts payable | 38,000,000 | 139,000,000 | -8,000,000 | 152,000,000 | -4,000,000 | 150,000,000 | 60,000,000 | 44,000,000 | -73,000,000 | 128,000,000 | -69,000,000 | -36,000,000 | -45,000,000 | 149,000,000 | -348,000,000 | -63,000,000 | 0 | 15,000,000 | -86,000,000 | 136,000,000 | 161,000,000 | 349,000,000 | 1,000,000 | -130,000,000 | -45,000,000 | 94,000,000 | -92,000,000 | -42,000,000 |
accrued and other current liabilities | -47,000,000 | -217,000,000 | 41,000,000 | 222,000,000 | -3,000,000 | -295,000,000 | 159,000,000 | -37,000,000 | -48,000,000 | -239,000,000 | 35,000,000 | 69,000,000 | -44,000,000 | -39,000,000 | -82,000,000 | -11,000,000 | -20,000,000 | -285,000,000 | 63,000,000 | -15,000,000 | 37,000,000 | 88,000,000 | 105,000,000 | -24,000,000 | 5,000,000 | -185,000,000 | 132,000,000 | 59,000,000 |
income taxes | -129,000,000 | 45,000,000 | -25,000,000 | 117,000,000 | 25,000,000 | 30,000,000 | -111,000,000 | 13,000,000 | 3,000,000 | 12,000,000 | -34,000,000 | 16,000,000 | 10,000,000 | 25,000,000 | -21,000,000 | 26,000,000 | -7,000,000 | 34,000,000 | 45,000,000 | 27,000,000 | 17,000,000 | 17,000,000 | -29,000,000 | 19,000,000 | -9,000,000 | 10,000,000 | -72,000,000 | -84,000,000 |
net cash from operating activities | 947,000,000 | 865,000,000 | 1,421,000,000 | 1,187,000,000 | 653,000,000 | 878,000,000 | 1,042,000,000 | 1,006,000,000 | 710,000,000 | 719,000,000 | 1,138,000,000 | 779,000,000 | 634,000,000 | 581,000,000 | 944,000,000 | 579,000,000 | 413,000,000 | 532,000,000 | 774,000,000 | 682,000,000 | 580,000,000 | 640,000,000 | 720,000,000 | 380,000,000 | 481,000,000 | 411,000,000 | 878,000,000 | 691,000,000 |
cash flows from investing activities: | ||||||||||||||||||||||||||||
capital expenditures | -270,000,000 | -258,000,000 | -271,000,000 | -230,000,000 | -230,000,000 | -205,000,000 | -213,000,000 | -149,000,000 | -167,000,000 | -151,000,000 | -194,000,000 | -166,000,000 | -189,000,000 | -183,000,000 | -212,000,000 | -205,000,000 | -179,000,000 | -172,000,000 | -236,000,000 | -170,000,000 | -142,000,000 | -142,000,000 | -121,000,000 | -130,000,000 | -133,000,000 | -176,000,000 | -179,000,000 | -169,000,000 |
free cash flows | 677,000,000 | 607,000,000 | 1,150,000,000 | 957,000,000 | 423,000,000 | 673,000,000 | 829,000,000 | 857,000,000 | 543,000,000 | 568,000,000 | 944,000,000 | 613,000,000 | 445,000,000 | 398,000,000 | 732,000,000 | 374,000,000 | 234,000,000 | 360,000,000 | 538,000,000 | 512,000,000 | 438,000,000 | 498,000,000 | 599,000,000 | 250,000,000 | 348,000,000 | 235,000,000 | 699,000,000 | 522,000,000 |
proceeds from sale of property, plant, and equipment | 3,000,000 | 1,000,000 | 4,000,000 | 5,000,000 | 1,000,000 | 1,000,000 | 4,000,000 | 10,000,000 | 0 | 2,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 8,000,000 | 35,000,000 | 9,000,000 | 54,000,000 | 1,000,000 | 27,000,000 | 11,000,000 | 3,000,000 | 27,000,000 | 3,000,000 | ||||
acquisition of businesses, net of cash acquired | 0 | -2,307,000,000 | 4,000,000 | -325,000,000 | 0 | 0 | 10,000,000 | -349,000,000 | -2,000,000 | 0 | 1,000,000 | -109,000,000 | -104,000,000 | -14,000,000 | -2,000,000 | -100,000,000 | -297,000,000 | -19,000,000 | 0 | -107,000,000 | -11,000,000 | 31,000,000 | -244,000,000 | -115,000,000 | 0 | |||
net cash from investing activities | -470,000,000 | -254,000,000 | -270,000,000 | -2,537,000,000 | -224,000,000 | -537,000,000 | -206,000,000 | -117,000,000 | -159,000,000 | -468,000,000 | -195,000,000 | -169,000,000 | -139,000,000 | -265,000,000 | -310,000,000 | -185,000,000 | -184,000,000 | -199,000,000 | -540,000,000 | -174,000,000 | -77,000,000 | -246,000,000 | -117,000,000 | -81,000,000 | -378,000,000 | -289,000,000 | -153,000,000 | -454,000,000 |
cash flows from financing activities: | ||||||||||||||||||||||||||||
net increase in commercial paper | 1,155,000,000 | 90,000,000 | 42,000,000 | -139,000,000 | 133,000,000 | 479,000,000 | -210,000,000 | -9,000,000 | 219,000,000 | -360,000,000 | ||||||||||||||||||
proceeds from issuance of debt | 0 | 1,458,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 396,000,000 | ||||||||||||||||
repayment of debt | 0 | -1,000,000 | -350,000,000 | -1,000,000 | 0 | -1,000,000 | 0 | 0 | -587,000,000 | -4,000,000 | 0 | 0 | -3,000,000 | -555,000,000 | -2,000,000 | -426,000,000 | -250,000,000 | -30,000,000 | 0 | -250,000,000 | 0 | |||||||
proceeds from exercise of share options | 20,000,000 | 44,000,000 | 81,000,000 | 42,000,000 | 25,000,000 | 34,000,000 | 37,000,000 | 19,000,000 | 22,000,000 | 11,000,000 | 10,000,000 | 13,000,000 | 9,000,000 | 11,000,000 | 20,000,000 | 4,000,000 | 8,000,000 | 22,000,000 | 37,000,000 | 11,000,000 | 44,000,000 | 75,000,000 | 26,000,000 | 2,000,000 | 13,000,000 | 14,000,000 | 30,000,000 | 38,000,000 |
repurchase of ordinary shares | -414,000,000 | -405,000,000 | ||||||||||||||||||||||||||
payment of ordinary share dividends to shareholders | -208,000,000 | -209,000,000 | ||||||||||||||||||||||||||
net cash from financing activities | -615,000,000 | -616,000,000 | -566,000,000 | -537,000,000 | 869,000,000 | -395,000,000 | -994,000,000 | -591,000,000 | -539,000,000 | -745,000,000 | -407,000,000 | -380,000,000 | -385,000,000 | -621,000,000 | -354,000,000 | -318,000,000 | -460,000,000 | -552,000,000 | -443,000,000 | -842,000,000 | 151,000,000 | -252,000,000 | -135,000,000 | -625,000,000 | -31,000,000 | -314,000,000 | -334,000,000 | -257,000,000 |
effect of currency translation on cash | -3,000,000 | 1,000,000 | -2,000,000 | 5,000,000 | 2,000,000 | -11,000,000 | -5,000,000 | -6,000,000 | 3,000,000 | -6,000,000 | -4,000,000 | 2,000,000 | 10,000,000 | -12,000,000 | -5,000,000 | -2,000,000 | -2,000,000 | -4,000,000 | 2,000,000 | -4,000,000 | 11,000,000 | 3,000,000 | 4,000,000 | -18,000,000 | 7,000,000 | -10,000,000 | 1,000,000 | |
net increase in cash, cash equivalents, and restricted cash | -150,000,000 | 530,000,000 | 268,000,000 | 71,000,000 | -233,000,000 | -221,000,000 | -213,000,000 | -332,000,000 | 650,000,000 | 153,000,000 | ||||||||||||||||||
cash, cash equivalents, and restricted cash at beginning of period | 0 | 1,255,000,000 | 0 | 0 | 1,319,000,000 | 0 | 0 | 1,661,000,000 | 0 | 0 | 1,088,000,000 | 0 | 0 | 1,203,000,000 | 0 | 0 | 945,000,000 | 0 | 0 | 927,000,000 | 0 | |||||||
cash, cash equivalents, and restricted cash at end of period | -141,000,000 | 1,251,000,000 | -1,882,000,000 | 1,300,000,000 | 1,254,000,000 | 293,000,000 | 6,000,000 | 1,170,000,000 | 226,000,000 | 112,000,000 | 793,000,000 | 71,000,000 | -233,000,000 | 982,000,000 | -332,000,000 | 650,000,000 | 1,098,000,000 | -322,000,000 | 54,000,000 | 742,000,000 | -19,000,000 | |||||||
net decrease in cash, cash equivalents, and restricted cash | -4,000,000 | -65,000,000 | 6,000,000 | -491,000,000 | 112,000,000 | -295,000,000 | -322,000,000 | 54,000,000 | -185,000,000 | -19,000,000 | ||||||||||||||||||
impairment of held for sale businesses | 7,000,000 | 0 | ||||||||||||||||||||||||||
proceeds from divestiture of businesses, net of cash retained by businesses sold | 0 | 21,000,000 | 0 | -3,000,000 | 16,000,000 | |||||||||||||||||||||||
net decrease in commercial paper | 0 | 18,000,000 | 30,000,000 | -69,000,000 | ||||||||||||||||||||||||
repurchase of ordinary/common shares | -437,000,000 | -301,000,000 | -306,000,000 | -303,000,000 | ||||||||||||||||||||||||
payment of ordinary/common share dividends to shareholders | -209,000,000 | -212,000,000 | -193,000,000 | -189,000,000 | ||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at beginning of fiscal year | ||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at end of fiscal year | ||||||||||||||||||||||||||||
supplemental cash flow information: | ||||||||||||||||||||||||||||
interest paid on debt | ||||||||||||||||||||||||||||
income taxes paid, net of refunds | ||||||||||||||||||||||||||||
proceeds from divestiture of business, net of cash retained by business sold | 38,000,000 | |||||||||||||||||||||||||||
repurchase of common shares | -761,000,000 | -416,000,000 | -409,000,000 | -476,000,000 | -271,000,000 | -208,000,000 | -179,000,000 | -287,000,000 | -326,000,000 | -378,000,000 | -404,000,000 | -304,000,000 | -313,000,000 | -259,000,000 | -140,000,000 | -119,000,000 | 0 | -115,000,000 | -269,000,000 | -139,000,000 | -178,000,000 | -174,000,000 | ||||||
payment of common share dividends to shareholders | -196,000,000 | -199,000,000 | -182,000,000 | -183,000,000 | -184,000,000 | -186,000,000 | -177,000,000 | -178,000,000 | -179,000,000 | -180,000,000 | -163,000,000 | -163,000,000 | -164,000,000 | -165,000,000 | -159,000,000 | -159,000,000 | -159,000,000 | -159,000,000 | -153,000,000 | -154,000,000 | -154,000,000 | -155,000,000 | ||||||
income from discontinued operations, net of income taxes | 1,000,000 | 0 | -6,000,000 | 1,000,000 | ||||||||||||||||||||||||
impairment of goodwill | 0 | 0 | ||||||||||||||||||||||||||
net cash from continuing operating activities | 719,000,000 | 380,000,000 | 481,000,000 | 411,000,000 | 879,000,000 | 692,000,000 | ||||||||||||||||||||||
net cash from discontinued operating activities | -1,000,000 | -1,000,000 | ||||||||||||||||||||||||||
net cash from continuing financing activities | -134,000,000 | -625,000,000 | -31,000,000 | -314,000,000 | -335,000,000 | -258,000,000 | ||||||||||||||||||||||
net cash from discontinued financing activities | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||
(income) income from discontinued operations, net of income taxes | 0 | 1,000,000 | -2,000,000 | -3,000,000 | ||||||||||||||||||||||||
benefit from losses on accounts receivable and inventories | 35,000,000 | 33,000,000 | -14,000,000 | 10,000,000 | -2,000,000 | 20,000,000 | 7,000,000 | 8,000,000 | ||||||||||||||||||||
proceeds from divestiture of discontinued operation, net of cash retained by sold operation | 0 | 0 | ||||||||||||||||||||||||||
net cash from continuing investing activities | -117,000,000 | -81,000,000 | -378,000,000 | -289,000,000 | -153,000,000 | -454,000,000 | ||||||||||||||||||||||
net cash from discontinued investing activities | 0 | |||||||||||||||||||||||||||
transfers (to) from discontinued operations | -1,000,000 | -1,000,000 | ||||||||||||||||||||||||||
transfers to discontinued operations |