$TEL
TE Connectivity plc

2022 Q1 Form 10-Q Financial Statement

#000155837022006422 Filed on April 29, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $4.007B $3.738B
YoY Change 7.2% 17.0%
Cost Of Revenue $2.670B $2.528B
YoY Change 5.62% 16.71%
Gross Profit $1.337B $1.210B
YoY Change 10.5% 17.59%
Gross Profit Margin 33.37% 32.37%
Selling, General & Admin $416.0M $401.0M
YoY Change 3.74% 13.92%
% of Gross Profit 31.11% 33.14%
Research & Development $185.0M $174.0M
YoY Change 6.32% 10.13%
% of Gross Profit 13.84% 14.38%
Depreciation & Amortization $194.0M $193.0M
YoY Change 0.52% 7.22%
% of Gross Profit 14.51% 15.95%
Operating Expenses $416.0M $401.0M
YoY Change 3.74% 13.92%
Operating Profit $705.0M $612.0M
YoY Change 15.2% -247.47%
Interest Expense $18.00M $13.00M
YoY Change 38.46% 18.18%
% of Operating Profit 2.55% 2.12%
Other Income/Expense, Net $5.000M $4.000M
YoY Change 25.0% -63.64%
Pretax Income $696.0M $611.0M
YoY Change 13.91% -249.02%
Income Tax $136.0M $106.0M
% Of Pretax Income 19.54% 17.35%
Net Earnings $560.0M $506.0M
YoY Change 10.67% -210.96%
Net Earnings / Revenue 13.98% 13.54%
Basic Earnings Per Share $1.72 $1.53
Diluted Earnings Per Share $1.71 $1.51
COMMON SHARES
Basic Shares Outstanding 325.0M 331.0M
Diluted Shares Outstanding 327.0M 334.0M

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $749.0M $1.748B
YoY Change -57.15% 119.6%
Cash & Equivalents $749.0M $1.748B
Short-Term Investments
Other Short-Term Assets $601.0M $619.0M
YoY Change -2.91% 35.45%
Inventory $2.999B $2.134B
Prepaid Expenses
Receivables $3.068B $2.921B
Other Receivables $0.00 $0.00
Total Short-Term Assets $7.417B $7.422B
YoY Change -0.07% 29.87%
LONG-TERM ASSETS
Property, Plant & Equipment $3.817B $3.662B
YoY Change 4.23% 2.92%
Goodwill $5.463B $5.342B
YoY Change 2.27% 2.04%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $847.0M $789.0M
YoY Change 7.35% -15.16%
Total Long-Term Assets $14.03B $13.55B
YoY Change 3.61% -0.78%
TOTAL ASSETS
Total Short-Term Assets $7.417B $7.422B
Total Long-Term Assets $14.03B $13.55B
Total Assets $21.45B $20.97B
YoY Change 2.31% 8.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.986B $1.793B
YoY Change 10.76% 28.99%
Accrued Expenses $2.450B $2.327B
YoY Change 5.29% 18.36%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $610.0M $919.0M
YoY Change -33.62% 52.4%
Total Short-Term Liabilities $5.046B $5.039B
YoY Change 0.14% 27.28%
LONG-TERM LIABILITIES
Long-Term Debt $3.441B $3.602B
YoY Change -4.47% -4.0%
Other Long-Term Liabilities $809.0M $827.0M
YoY Change -2.18% 7.12%
Total Long-Term Liabilities $4.250B $4.429B
YoY Change -4.04% -2.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.046B $5.039B
Total Long-Term Liabilities $4.250B $4.429B
Total Liabilities $10.90B $11.18B
YoY Change -2.52% 9.69%
SHAREHOLDERS EQUITY
Retained Earnings $12.16B $10.54B
YoY Change 15.36% -5.22%
Common Stock $148.0M $149.0M
YoY Change -0.67% -3.25%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.769B $775.0M
YoY Change 128.26% -52.72%
Treasury Stock Shares $13.28M $8.520M
Shareholders Equity $10.44B $9.669B
YoY Change
Total Liabilities & Shareholders Equity $21.45B $20.97B
YoY Change 2.31% 8.26%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $560.0M $506.0M
YoY Change 10.67% -210.96%
Depreciation, Depletion And Amortization $194.0M $193.0M
YoY Change 0.52% 7.22%
Cash From Operating Activities $413.0M $580.0M
YoY Change -28.79% 20.58%
INVESTING ACTIVITIES
Capital Expenditures -$179.0M -$142.0M
YoY Change 26.06% 6.77%
Acquisitions
YoY Change
Other Investing Activities -$5.000M $65.00M
YoY Change -107.69% -126.53%
Cash From Investing Activities -$184.0M -$77.00M
YoY Change 138.96% -79.63%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -460.0M 151.0M
YoY Change -404.64% -587.1%
NET CHANGE
Cash From Operating Activities 413.0M 580.0M
Cash From Investing Activities -184.0M -77.00M
Cash From Financing Activities -460.0M 151.0M
Net Change In Cash -231.0M 654.0M
YoY Change -135.32% 808.33%
FREE CASH FLOW
Cash From Operating Activities $413.0M $580.0M
Capital Expenditures -$179.0M -$142.0M
Free Cash Flow $592.0M $722.0M
YoY Change -18.01% 17.59%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Security12b Title
Security12bTitle
Common Shares, Par Value CHF 0.57
dei Trading Symbol
TradingSymbol
TEL
dei Entity Shell Company
EntityShellCompany
false
dei Security Exchange Name
SecurityExchangeName
NYSE
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
false
CY2022Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
322173819
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7260000000
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4007000000
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3738000000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7825000000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
5258000000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
4904000000
CY2022Q1 us-gaap Gross Profit
GrossProfit
1337000000
CY2021Q1 us-gaap Gross Profit
GrossProfit
1210000000
us-gaap Gross Profit
GrossProfit
2567000000
us-gaap Gross Profit
GrossProfit
2356000000
CY2022Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
416000000
CY2021Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
401000000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
779000000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
762000000
CY2022Q1 tel Research And Development And Engineering Expense
ResearchAndDevelopmentAndEngineeringExpense
185000000
CY2022Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
2670000000
CY2021Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
2528000000
us-gaap Operating Income Loss
OperatingIncomeLoss
1060000000
CY2022Q1 us-gaap Interest Income Other
InterestIncomeOther
4000000
CY2021Q1 us-gaap Interest Income Other
InterestIncomeOther
8000000
us-gaap Interest Income Other
InterestIncomeOther
6000000
us-gaap Interest Income Other
InterestIncomeOther
11000000
CY2022Q1 us-gaap Interest Expense
InterestExpense
18000000
CY2021Q1 us-gaap Interest Expense
InterestExpense
13000000
us-gaap Interest Expense
InterestExpense
30000000
us-gaap Interest Expense
InterestExpense
28000000
CY2022Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
5000000
CY2021Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4000000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
20000000
CY2021Q1 tel Research And Development And Engineering Expense
ResearchAndDevelopmentAndEngineeringExpense
174000000
tel Research And Development And Engineering Expense
ResearchAndDevelopmentAndEngineeringExpense
360000000
tel Research And Development And Engineering Expense
ResearchAndDevelopmentAndEngineeringExpense
336000000
CY2022Q1 tel Business Acquisition Cost Of Acquired Entity Transaction Costs And Business Combination Integration Related Costs
BusinessAcquisitionCostOfAcquiredEntityTransactionCostsAndBusinessCombinationIntegrationRelatedCosts
10000000
CY2021Q1 tel Business Acquisition Cost Of Acquired Entity Transaction Costs And Business Combination Integration Related Costs
BusinessAcquisitionCostOfAcquiredEntityTransactionCostsAndBusinessCombinationIntegrationRelatedCosts
6000000
tel Business Acquisition Cost Of Acquired Entity Transaction Costs And Business Combination Integration Related Costs
BusinessAcquisitionCostOfAcquiredEntityTransactionCostsAndBusinessCombinationIntegrationRelatedCosts
18000000
tel Business Acquisition Cost Of Acquired Entity Transaction Costs And Business Combination Integration Related Costs
BusinessAcquisitionCostOfAcquiredEntityTransactionCostsAndBusinessCombinationIntegrationRelatedCosts
14000000
CY2022Q1 tel Restructuring And Asset Impairment Charges Credits And Disposal Group Not Discontinued Operation Gain Loss On Disposal
RestructuringAndAssetImpairmentChargesCreditsAndDisposalGroupNotDiscontinuedOperationGainLossOnDisposal
21000000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3000000
CY2021Q1 tel Restructuring And Asset Impairment Charges Credits And Disposal Group Not Discontinued Operation Gain Loss On Disposal
RestructuringAndAssetImpairmentChargesCreditsAndDisposalGroupNotDiscontinuedOperationGainLossOnDisposal
17000000
tel Restructuring And Asset Impairment Charges Credits And Disposal Group Not Discontinued Operation Gain Loss On Disposal
RestructuringAndAssetImpairmentChargesCreditsAndDisposalGroupNotDiscontinuedOperationGainLossOnDisposal
33000000
tel Restructuring And Asset Impairment Charges Credits And Disposal Group Not Discontinued Operation Gain Loss On Disposal
RestructuringAndAssetImpairmentChargesCreditsAndDisposalGroupNotDiscontinuedOperationGainLossOnDisposal
184000000
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
705000000
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
612000000
us-gaap Operating Income Loss
OperatingIncomeLoss
1377000000
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.72
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.53
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.45
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.68
CY2022Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.71
CY2021Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.51
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
3.44
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.64
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.02
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.71
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.51
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.43
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.66
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
325000000
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
331000000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
326000000
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
696000000
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
611000000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1373000000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
331000000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1046000000
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
136000000
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
106000000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
246000000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
166000000
CY2022Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
560000000
CY2021Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
505000000
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
1127000000
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
880000000
CY2021Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
1000000
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-1000000
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
7000000
CY2022Q1 us-gaap Profit Loss
ProfitLoss
560000000
CY2021Q1 us-gaap Profit Loss
ProfitLoss
506000000
us-gaap Profit Loss
ProfitLoss
1126000000
us-gaap Profit Loss
ProfitLoss
887000000
CY2022Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.72
CY2021Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.53
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
3.46
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.66
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.02
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
327000000
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
334000000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
328000000
us-gaap Net Income Loss
NetIncomeLoss
1126000000
us-gaap Net Income Loss
NetIncomeLoss
887000000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
333000000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
560000000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
506000000
CY2022Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-9000000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
47000000
CY2021Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
21000000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
9000000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
57000000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
132000000
CY2022Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-4000000
CY2021Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-6000000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-8000000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-12000000
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
46000000
CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
28000000
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
41000000
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
55000000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
64000000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
201000000
CY2022Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
601000000
CY2021Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
561000000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1190000000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1088000000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
2000000
CY2022Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
602000000
CY2021Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
565000000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1197000000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1086000000
CY2022Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-1000000
CY2021Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-4000000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-7000000
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
41000000
CY2022Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3068000000
CY2021Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2928000000
CY2022Q1 us-gaap Inventory Net
InventoryNet
2999000000
CY2021Q3 us-gaap Inventory Net
InventoryNet
2511000000
CY2022Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
601000000
CY2021Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
621000000
CY2022Q1 us-gaap Assets Current
AssetsCurrent
7417000000
CY2021Q3 us-gaap Assets Current
AssetsCurrent
7263000000
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3817000000
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3778000000
CY2022Q1 us-gaap Goodwill
Goodwill
5463000000
CY2021Q3 us-gaap Goodwill
Goodwill
5590000000
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1441000000
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1549000000
CY2022Q1 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
2466000000
CY2021Q3 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
2499000000
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
749000000
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1203000000
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
50000000
CY2022Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
847000000
CY2021Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
783000000
CY2022Q1 us-gaap Assets
Assets
21451000000
CY2021Q3 us-gaap Assets
Assets
21462000000
CY2022Q1 us-gaap Debt Current
DebtCurrent
610000000
CY2021Q3 us-gaap Debt Current
DebtCurrent
503000000
CY2022Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
1986000000
CY2021Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
1911000000
CY2022Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
2450000000
CY2022Q1 us-gaap Liabilities Current
LiabilitiesCurrent
5046000000
CY2021Q3 us-gaap Liabilities Current
LiabilitiesCurrent
4656000000
CY2022Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3441000000
CY2021Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3589000000
CY2022Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
1103000000
CY2021Q3 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
1139000000
CY2022Q1 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
185000000
CY2021Q3 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
181000000
CY2022Q1 tel Accrued Income Taxes Noncurrent And Liability For Uncertain Tax Positions Noncurrent
AccruedIncomeTaxesNoncurrentAndLiabilityForUncertainTaxPositionsNoncurrent
318000000
CY2021Q3 tel Accrued Income Taxes Noncurrent And Liability For Uncertain Tax Positions Noncurrent
AccruedIncomeTaxesNoncurrentAndLiabilityForUncertainTaxPositionsNoncurrent
302000000
CY2022Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
809000000
CY2021Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
847000000
CY2022Q1 us-gaap Liabilities
Liabilities
10902000000
CY2021Q3 us-gaap Liabilities
Liabilities
10714000000
CY2022Q1 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
107000000
CY2021Q3 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
114000000
CY2021Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.57
CY2022Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.57
CY2021Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
336099881
CY2022Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
336099881
CY2022Q1 us-gaap Common Stock Value
CommonStockValue
148000000
CY2021Q3 us-gaap Common Stock Value
CommonStockValue
148000000
CY2022Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
12160000000
CY2021Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
11709000000
CY2022Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
13281156
CY2021Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
9060919
CY2021Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
2242000000
CY2022Q1 us-gaap Treasury Stock Value
TreasuryStockValue
1769000000
CY2021Q3 us-gaap Treasury Stock Value
TreasuryStockValue
1055000000
CY2022Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-97000000
CY2021Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-168000000
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
10442000000
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
10634000000
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
119000000
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
2000000
CY2022Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
21451000000
CY2021Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
21462000000
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
11020000000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
560000000
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
42000000
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
28000000
CY2022Q1 us-gaap Dividends
Dividends
722000000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
49000000
CY2022Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
8000000
CY2022Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
12000000
CY2022Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
506000000
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
10442000000
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
10634000000
us-gaap Net Income Loss
NetIncomeLoss
1126000000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
71000000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
60000000
us-gaap Dividends
Dividends
722000000
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
30000000
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-5000000
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
752000000
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
10442000000
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
9861000000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
506000000
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
59000000
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
30000000
CY2021Q1 us-gaap Dividends
Dividends
661000000
CY2021Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
44000000
CY2021Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
12000000
CY2021Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
182000000
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
9669000000
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
9383000000
us-gaap Net Income Loss
NetIncomeLoss
887000000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
199000000
us-gaap Dividends
Dividends
661000000
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
64000000
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
59000000
tel Provisions For Loss On Accounts Receivable And Inventory Write Down
ProvisionsForLossOnAccountsReceivableAndInventoryWriteDown
68000000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
58000000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
102000000
tel Provisions For Loss On Accounts Receivable And Inventory Write Down
ProvisionsForLossOnAccountsReceivableAndInventoryWriteDown
22000000
us-gaap Share Based Compensation
ShareBasedCompensation
60000000
us-gaap Share Based Compensation
ShareBasedCompensation
49000000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-4000000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
20000000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
57000000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
567000000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
411000000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
212000000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-36000000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
30000000
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
15000000
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
510000000
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-305000000
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
125000000
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
27000000
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
34000000
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
117000000
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-38000000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
945000000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1220000000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
107000000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-7000000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
351000000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-10000000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-383000000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-323000000
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
588000000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
284000000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
63000000
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
309000000
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
9669000000
us-gaap Profit Loss
ProfitLoss
1126000000
us-gaap Profit Loss
ProfitLoss
887000000
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-1000000
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
7000000
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
880000000
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
1127000000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
392000000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
380000000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
42000000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-48000000
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
661000000
us-gaap Repayments Of Debt
RepaymentsOfDebt
558000000
us-gaap Repayments Of Debt
RepaymentsOfDebt
280000000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
30000000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
119000000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
708000000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
259000000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
326000000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
318000000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-38000000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-24000000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1012000000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-101000000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-4000000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
7000000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-454000000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
803000000
CY2022Q1 tel Number Of Quarterly Dividend Installments
NumberOfQuarterlyDividendInstallments
4
CY2022Q1 tel Dividends Per Share Payable Installment
DividendsPerSharePayableInstallment
0.56
us-gaap Operating Lease Cost
OperatingLeaseCost
64000000
us-gaap Operating Lease Cost
OperatingLeaseCost
59000000
dei Entity Address Country
EntityAddressCountry
CH
dei Country Region
CountryRegion
+41
CY2022Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2021Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2021Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
336099881
CY2022Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
336099881
dei Entity Central Index Key
EntityCentralIndexKey
0001385157
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--09-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Amendment Flag
AmendmentFlag
false
CY2022Q1 tel Increase In Deferred Tax Assets Valuation Allowance For Tax Loss And Credit Carryforwards From Intercompany Transaction With Non United States Subsidiary
IncreaseInDeferredTaxAssetsValuationAllowanceForTaxLossAndCreditCarryforwardsFromIntercompanyTransactionWithNonUnitedStatesSubsidiary
4000000000
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2022-03-25
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-33260
dei Entity Registrant Name
EntityRegistrantName
TE CONNECTIVITY LTD.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
V8
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
98-0518048
dei Entity Address Address Line1
EntityAddressAddressLine1
Mühlenstrasse 26
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
CH-8200
dei Entity Address City Or Town
EntityAddressCityOrTown
Schaffhausen
dei City Area Code
CityAreaCode
(0)52
dei Local Phone Number
LocalPhoneNumber
633 66 61
us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
-13000000
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
74000000
us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-101000000
us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
-100000000
CY2022Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2000000
CY2021Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3000000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2000000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2000000
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1000000
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1203000000
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
945000000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
749000000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1748000000
CY2021Q3 us-gaap Restructuring Reserve
RestructuringReserve
304000000
CY2022Q1 us-gaap Restructuring Charges
RestructuringCharges
22000000
CY2021Q1 us-gaap Restructuring Charges
RestructuringCharges
11000000
us-gaap Restructuring Charges
RestructuringCharges
43000000
us-gaap Restructuring Charges
RestructuringCharges
160000000
CY2022Q1 tel Disposal Group Not Discontinued Operation Gain Loss On Disposal And Impairment Of Long Lived Assets To Be Disposed Of
DisposalGroupNotDiscontinuedOperationGainLossOnDisposalAndImpairmentOfLongLivedAssetsToBeDisposedOf
-1000000
CY2021Q1 tel Disposal Group Not Discontinued Operation Gain Loss On Disposal And Impairment Of Long Lived Assets To Be Disposed Of
DisposalGroupNotDiscontinuedOperationGainLossOnDisposalAndImpairmentOfLongLivedAssetsToBeDisposedOf
4000000
tel Disposal Group Not Discontinued Operation Gain Loss On Disposal And Impairment Of Long Lived Assets To Be Disposed Of
DisposalGroupNotDiscontinuedOperationGainLossOnDisposalAndImpairmentOfLongLivedAssetsToBeDisposedOf
-10000000
tel Disposal Group Not Discontinued Operation Gain Loss On Disposal And Impairment Of Long Lived Assets To Be Disposed Of
DisposalGroupNotDiscontinuedOperationGainLossOnDisposalAndImpairmentOfLongLivedAssetsToBeDisposedOf
21000000
CY2021Q1 tel Other Charges Credits
OtherChargesCredits
2000000
tel Other Charges Credits
OtherChargesCredits
3000000
CY2022Q1 tel Restructuring And Asset Impairment Charges Credits And Disposal Group Not Discontinued Operation Gain Loss On Disposal
RestructuringAndAssetImpairmentChargesCreditsAndDisposalGroupNotDiscontinuedOperationGainLossOnDisposal
21000000
CY2021Q1 tel Restructuring And Asset Impairment Charges Credits And Disposal Group Not Discontinued Operation Gain Loss On Disposal
RestructuringAndAssetImpairmentChargesCreditsAndDisposalGroupNotDiscontinuedOperationGainLossOnDisposal
17000000
tel Restructuring And Asset Impairment Charges Credits And Disposal Group Not Discontinued Operation Gain Loss On Disposal
RestructuringAndAssetImpairmentChargesCreditsAndDisposalGroupNotDiscontinuedOperationGainLossOnDisposal
33000000
tel Restructuring And Asset Impairment Charges Credits And Disposal Group Not Discontinued Operation Gain Loss On Disposal
RestructuringAndAssetImpairmentChargesCreditsAndDisposalGroupNotDiscontinuedOperationGainLossOnDisposal
184000000
CY2021Q3 us-gaap Restructuring Reserve
RestructuringReserve
304000000
us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
70000000
us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
-15000000
us-gaap Payments For Restructuring
PaymentsForRestructuring
86000000
tel Restructuring Reserve Settled Without Cash Net2
RestructuringReserveSettledWithoutCashNet2
24000000
CY2021Q3 us-gaap Restructuring Reserve Noncurrent
RestructuringReserveNoncurrent
68000000
CY2022Q1 us-gaap Restructuring Reserve
RestructuringReserve
236000000
CY2022Q1 us-gaap Restructuring Reserve
RestructuringReserve
236000000
CY2022Q1 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
181000000
CY2021Q3 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
236000000
CY2022Q1 us-gaap Restructuring Reserve Noncurrent
RestructuringReserveNoncurrent
55000000
CY2022Q1 us-gaap Inventory Raw Materials And Purchased Parts Net Of Reserves
InventoryRawMaterialsAndPurchasedPartsNetOfReserves
429000000
CY2021Q3 us-gaap Inventory Raw Materials And Purchased Parts Net Of Reserves
InventoryRawMaterialsAndPurchasedPartsNetOfReserves
320000000
CY2022Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1176000000
CY2021Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
991000000
CY2022Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
1394000000
CY2021Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
1200000000
CY2022Q1 us-gaap Inventory Net
InventoryNet
2999000000
CY2021Q3 us-gaap Inventory Net
InventoryNet
2511000000
CY2021Q3 us-gaap Goodwill
Goodwill
5590000000
CY2022Q1 us-gaap Goodwill
Goodwill
5463000000
CY2022Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
3014000000
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1573000000
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1441000000
CY2021Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
3047000000
CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1498000000
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1549000000
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
49000000
CY2021Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
48000000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
97000000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
96000000
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
99000000
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
197000000
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
165000000
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
150000000
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
143000000
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
123000000
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
564000000
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1441000000
CY2022Q1 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
4137000000
CY2021Q3 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
4465000000
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
33000000
CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
29000000
CY2022Q1 us-gaap Variable Lease Cost
VariableLeaseCost
13000000
CY2021Q1 us-gaap Variable Lease Cost
VariableLeaseCost
13000000
us-gaap Variable Lease Cost
VariableLeaseCost
25000000
us-gaap Variable Lease Cost
VariableLeaseCost
24000000
CY2022Q1 us-gaap Lease Cost
LeaseCost
46000000
CY2021Q1 us-gaap Lease Cost
LeaseCost
42000000
us-gaap Lease Cost
LeaseCost
89000000
us-gaap Lease Cost
LeaseCost
83000000
us-gaap Operating Lease Payments
OperatingLeasePayments
61000000
us-gaap Operating Lease Payments
OperatingLeasePayments
59000000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
77000000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
38000000
CY2022Q1 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
21000000
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
327000000
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
334000000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
328000000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
333000000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1000000
CY2022Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
723000000
CY2021Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
327000000
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
136000000
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
106000000
CY2022Q1 tel Income Tax Charges Associated With Write Down Of Certain Deferred Tax Assets To Lower Tax Rate
IncomeTaxChargesAssociatedWithWriteDownOfCertainDeferredTaxAssetsToLowerTaxRate
27000000
CY2022Q1 tel Income Tax Charges Associated With Intercompany Transactions
IncomeTaxChargesAssociatedWithIntercompanyTransactions
-19000000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
246000000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
166000000
tel Income Tax Charges Associated With Intercompany Transactions
IncomeTaxChargesAssociatedWithIntercompanyTransactions
-36000000
tel Income Tax Charges Associated With Write Down Of Certain Deferred Tax Assets To Lower Tax Rate
IncomeTaxChargesAssociatedWithWriteDownOfCertainDeferredTaxAssetsToLowerTaxRate
27000000
tel Income Tax Charges Associated With Income Tax Audit Of Pre Acquisition Period Of Acquired Entity
IncomeTaxChargesAssociatedWithIncomeTaxAuditOfPreAcquisitionPeriodOfAcquiredEntity
12000000
tel Income Tax Benefit Associated With Indemnification Receivable And Other Income
IncomeTaxBenefitAssociatedWithIndemnificationReceivableAndOtherIncome
11000000
tel Net Income Tax Expense Benefit Associated With Change In Tax Method Of Depreciating Or Amortizing Certain Assets
NetIncomeTaxExpenseBenefitAssociatedWithChangeInTaxMethodOfDepreciatingOrAmortizingCertainAssets
-29000000
CY2022Q1 tel Increase In Deferred Tax Assets For Tax Loss And Credit Carryforwards From Intercompany Transaction With Non United States Subsidiary
IncreaseInDeferredTaxAssetsForTaxLossAndCreditCarryforwardsFromIntercompanyTransactionWithNonUnitedStatesSubsidiary
4000000000.0
CY2022Q1 us-gaap Decrease In Unrecognized Tax Benefits Is Reasonably Possible
DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
100000000
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
325000000
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
331000000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
326000000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
331000000
CY2022Q1 tel Treasury Stock Shares Approved For Retirement
TreasuryStockSharesApprovedForRetirement
5000000
CY2022Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.50
CY2021Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.48
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.00
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.96
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.24
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
5000000
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
3000000
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
752000000
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
309000000
CY2022Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
839000000
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
28000000
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
30000000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
60000000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
49000000
CY2022Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
180000000
CY2022Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
11000000
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4007000000
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3738000000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7825000000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7260000000
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4007000000
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3738000000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7825000000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7260000000
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
705000000
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
612000000
us-gaap Operating Income Loss
OperatingIncomeLoss
1377000000
us-gaap Operating Income Loss
OperatingIncomeLoss
1060000000

Files In Submission

Name View Source Status
0001558370-22-006422-index-headers.html Edgar Link pending
0001558370-22-006422-index.html Edgar Link pending
0001558370-22-006422.txt Edgar Link pending
0001558370-22-006422-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
tel-20220325.xsd Edgar Link pending
tel-20220325x10q.htm Edgar Link pending
tel-20220325x10q003.jpg Edgar Link pending
tel-20220325x10q_htm.xml Edgar Link completed
tel-20220325xex22d1.htm Edgar Link pending
tel-20220325xex31d1.htm Edgar Link pending
tel-20220325xex31d2.htm Edgar Link pending
tel-20220325xex32d1.htm Edgar Link pending
tel-20220325_cal.xml Edgar Link unprocessable
tel-20220325_def.xml Edgar Link unprocessable
tel-20220325_lab.xml Edgar Link unprocessable
tel-20220325_pre.xml Edgar Link unprocessable