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Income Taxes (Tables)

6 Months Ended

Jun. 28, 2020

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 Six Months Ended
		June 28, 2020				June 30, 2019				June 28, 2020				June 30, 2019
US statutory federal tax rate			21.0	%			21.0	%			21.0	%			21.0	%
Discrete benefit related to release of reserves for uncertain tax positions			0.1				(0.3	)			0.1				(11.5	)
Foreign taxes			(4.6	)			(5.8	)			(5.1	)			(4.7	)
International provisions of the U.S. Tax Cuts and Jobs Act of 2017			(1.9	)			1.9				(1.1	)			0.8
Tax credits			(1.4	)			(2.1	)			(1.6	)			(2.5	)
Discrete benefit related to equity compensation			(0.1	)			(0.5	)			(2.0	)			(2.0	)
Discrete expense related to U.S. transition tax			—				11.2				—				6.5
Other, net			—				0.4				0.6				0.7
Effective tax rate			13.1	%			25.8	%			11.9	%			8.3	%

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

+ Details

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