v3.25.2

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Jun. 27, 2025	Jun. 28, 2024	Jun. 27, 2025	Jun. 28, 2024
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Net sales	$ 4,534	$ 3,979	$ 12,513	$ 11,777
Cost of sales	2,934	2,593	8,094	7,704
Gross margin	1,600	1,386	4,419	4,073
Selling, general, and administrative expenses	491	431	1,372	1,299
Research, development, and engineering expenses	211	189	602	546
Acquisition and integration costs	27	5	41	16
Restructuring and other charges, net	14	6	109	67
Operating income	857	755	2,295	2,145
Interest income	17	20	62	61
Interest expense	(28)	(18)	(48)	(55)
Other expense, net		(3)	(2)	(11)
Income from continuing operations before income taxes	846	754	2,307	2,140
Income tax (expense) benefit	(208)	(181)	(1,128)	778
Income from continuing operations	638	573	1,179	2,918
Loss from discontinued operations, net of income taxes				(1)
Net income	$ 638	$ 573	$ 1,179	$ 2,917
Basic earnings per share:
Income from continuing operations (in dollars per share)	$ 2.16	$ 1.87	$ 3.96	$ 9.47
Net income (in dollars per share)	2.16	1.87	3.96	9.47
Diluted earnings per share:
Income from continuing operations (in dollars per share)	2.14	1.86	3.93	9.41
Net income (in dollars per share)	$ 2.14	$ 1.86	$ 3.93	$ 9.41
Weighted-average number of shares outstanding:
Basic (in shares)	296	306	298	308
Diluted (in shares)	298	308	300	310

Amount of direct costs of the business combination including legal, accounting, and other costs incurred to consummate the business acquisition. Also, includes costs incurred to effect a business combination which have been expensed during the period. Such costs could include business integration costs, systems integration and conversion costs, and severance and other employee-related costs.

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TE Connectivity plc 10-Q