XML 69 R43.htm IDEA: XBRL DOCUMENT v3.22.2.2
Income Taxes (Tables)
9 Months Ended
Oct. 02, 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
 
 
For the Nine Months

Ended
 
 
  
October 2,
2022
 
 
October 3,
2021
 
 
October 2,
2022
 
 
October 3,
2021
 
                                 
U.S. statutory federal tax rate
     21.0 %      21.0 %      21.0 %      21.0 % 
Non-deductible
officers’ compensation
     1.8       0.8       1.4       0.8  
Foreign taxes
     (0.7 )      (4.4 )      (2.4 )      (4.4 ) 
Tax credits
     (2.1 )      (1.9 )      (1.9 )      (1.4 ) 
International provisions of the U.S. Tax Cuts and Jobs Act of 2017
     (1.4 )      (1.5 )      (1.2 )      (1.6 ) 
Discrete benefit related to equity compensation
     (0.1 )      (0.1 )      (1.9 )      (1.6 ) 
Other, net
     0.4       (0.1 )      0.8       (0.1 ) 
    
 
 
   
 
 
   
 
 
   
 
 
 
Effective tax rate
     18.9 %      13.8 %      15.8 %      12.7 %