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Income Taxes (Tables)

9 Months Ended

Sep. 27, 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 Nine Months Ended
		September 27, 2020				September 29, 2019				September 27, 2020				September 29, 2019
US statutory federal tax rate			21.0	%			21.0	%			21.0	%			21.0	%
International provisions of the U.S. Tax Cuts and Jobs Act of 2017			3.6				1.2				0.7				1.0
Foreign taxes			(6.9	)			(5.1	)			(5.8	)			(4.9	)
Tax credits			(1.1	)			(1.8	)			(1.4	)			(2.2	)
Discrete (benefit) expense related to the international provisions of the U.S. Tax Cuts and Jobs Act of 2017			(0.6	)			(4.0	)			(0.2	)			2.3
Discrete (benefit) expense related to release of reserves for uncertain tax positions			(0.5	)			0.1				(0.2	)			(6.9	)
Discrete benefit related to equity compensation			(0.4	)			(0.7	)			(1.4	)			(1.5	)
Other, net			0.5				(0.2	)			0.6				0.4
Effective tax rate			15.6	%			10.5	%			13.3	%			9.2	%

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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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