Income Taxes (Tables)

3 Months Ended

Apr. 03, 2022

Reconciliation of Effective Tax Rate

A reconciliation of the United States federal statutory corporate tax rate to Teradyne’s effective tax rate was as follows:

	For the Three Months Ended
	April 3, 2022			April 4, 2021
US statutory federal tax rate		21.0	%		21.0	%
Non-deductible officers’ compensation		1.1			0.8
Discrete benefit related to equity compensation		(6.6	)		(6.2	)
Foreign taxes		(3.4	)		(4.7	)
Tax credits		(1.6	)		(1.3	)
International provisions of the U.S. Tax Cuts and Jobs Act of 2017		(1.3	)		(1.5	)
Other, net		1.0			0.2
Effective tax rate		10.2	%		8.3	%