securities and exchange...

UNITED STATESSECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORTPursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 26, 2017

TE CONNECTIVITY LTD.(Exact Name of Registrant as Specified in its Charter)

Switzerland

98-0518048(Jurisdiction of Incorporation)

(IRS Employer Identification Number)

001-33260

(Commission File Number)

Rheinstrasse 20CH-8200 Schaffhausen

Switzerland(Address of Principal Executive Offices, including Zip Code)

+41 (0)52 633 66 61

(Registrant’s Telephone Number, including Area Code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 ofthe Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company o If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financialaccounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 2.02. Results of Operations and Financial Condition

On July 26, 2017 , TE Connectivity Ltd. (the “Company”) issued a press release reporting the Company’s third quarter results for fiscal 2017. A copy of the press release isfurnished as Exhibit 99.1 to this report and incorporated by reference in this Item 2.02. Item 7.01. Regulation FD Disclosure

The Company will hold a conference call and webcast on July 26, 2017 (see information in the press release attached hereto as Exhibit 99.1 under “Conference Call andWebcast”). A copy of the slide materials to be discussed at the conference call and webcast is being furnished pursuant to Regulation FD as Exhibit 99.2 and is incorporatedherein by reference, and the slide materials also can be accessed at the “Investors” section of the Company’s website (www.te.com).

Item 9.01. Financial Statements and Exhibits

(d) Exhibits Exhibit No.

Description 99.1

Press release issued July 26 , 2017 99.2

Presentation - TE Connectivity Q3 2017 Earnings Call ( July 26, 2017 ) 2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto

duly authorized. TE CONNECTIVITY LTD.(Registrant)

By: /s/ Heath A. Mitts

Heath A. Mitts

Executive Vice President and Chief Financial Officer Date: July 26, 2017

3

Exhibit 99.1

TE Connectivity Reports Third Quarter 2017 Financial Results

Net sales and earnings per share exceed guidance; company raises full year sales and earnings outlook

SCHAFFHAUSEN, Switzerland — July 26, 2017 — TE Connectivity Ltd. (NYSE: TEL) today reported results for the fiscal third quarter that ended June 30,2017. Third Quarter Highlights

· Net sales were $3.4 billion, up 8 percent, as reported and organically, from third quarter of 2016;· Orders, excluding the company’s SubCom business, were $3.3 billion, up 12 percent from the prior year;· Diluted earnings per share from continuing operations were $1.21;· Adjusted earnings per share were $1.24;· Cash flow from continuing operating activities was $524 million, with free cash flow of $408 million, and $324 million returned to shareholders.

Third Quarter Results For the third quarter, the company reported net sales of $3.4 billion, with growth of 8 percent year-over-year. Diluted earnings per share (EPS) from continuingoperations (GAAP EPS) were $1.21 and adjusted EPS were $1.24. Cash flow from continuing operating activities was $524 million, and free cash flow was $408million. The company returned $324 million to shareholders in the quarter through dividends and share repurchases. Orders for the quarter, excluding thecompany’s SubCom business, totaled $3.3 billion, up 12 percent from the prior year, with a book-to-bill ratio of 1.06. “Our teams continued to deliver strong financial performance and growth across all segments and regions, reflecting our strategy to create safer, sustainable,productive and connected solutions for our customers,” said TE Connectivity Chief Executive Officer Terrence Curtin. “This quarter’s results were driven bycontent growth in Transportation Solutions; strength in our Industrial Solutions segment, particularly in factory automation and medical applications; and strongresults in our Communications Solutions segment, especially in areas connected to cloud solutions. “In connection with these results , we are raising the midpoint of our fiscal 2017 sales and adjusted EPS guidance to $12.9 billion and $4.73 respectively,representing 7 percent organic sales growth and 20 percent adjusted EPS

growth versus the prior year,” Curtin added. “This increase in our guidance is due to above market growth in all of our segments and strong execution of ourstrategy.” During the third quarter, the company announced a definitive agreement to acquire Hirschmann Car Communication, which focuses on vehicle connectivitytechnology used in antenna and infotainment systems and acquired MicroGroup, a producer of specialized shafts for medical applications. These acquisitions willenable further content growth in key applications for the automotive and medical markets. 2017 Outlook For the fiscal fourth quarter of 2017, the company expects net sales of $3.2 billion to $3.3 billion, reflecting an increase of 5 percent on an as reported basis and 4percent organically, at the midpoint versus the fourth quarter of 2016, excluding the additional week in fiscal year 2016. GAAP EPS are expected to be $1.07 to$1.09, including net restructuring, acquisition-related and other charges of $0.07. TE expects adjusted EPS of $1.14 to $1.16, which includes a $0.09 favorableimpact from growth and margin improvements year-over-year, offset by a $0.08 tax rate impact due to an unusually low tax rate in the prior year. For the full year, the company expects net sales of $12.85 billion to $12.95 billion, reflecting 8 percent growth on an as reported basis and 7 percent organically atthe mid-point versus the prior year, excluding the additional week in fiscal year 2016. GAAP EPS are expected to be $4.54 to $4.56, including net restructuring,acquisition-related and other charges of $0.34 and a tax-related benefit of $0.16. TE expects adjusted EPS of $4.72 to $4.74 reflecting 20 percent growth at the mid-point compared to 2016, when excluding the additional week. Information about TE Connectivity’s use of non-GAAP financial measures is provided below. For reconciliations of these non-GAAP financial measures, see theattached tables. Conference Call and Webcast The company will hold a conference call today beginning at 8:30 a.m. ET. The dial-in information is provided here:

· At TE Connectivity’s website: http://investors.te.com.· By telephone: For both “listen-only” participants and those participants who wish to take part in the question-and-answer portion of the call, the dial-in

number in the United States is (800) 230-1059, and for international callers, the dial-in number is (612) 234-9959.

· An audio replay of the conference call will be available beginning at 10:30 a.m. ET on July 26, 2017, and ending at 11:59 p.m. ET on August 2, 2017.

The dial-in number for participants in the United States is (800) 475-6701. For participants outside the United States, the dial-in number is (320) 365-3844. The replay access code for all callers is 426345.

About TE Connectivity TE Connectivity (NYSE: TEL) is a global technology leader with revenues of approximately $13 billion. Our commitment to innovation enables advancements intransportation, industrial applications, medical technology, energy, data communications, and the home. TE’s unmatched breadth of connectivity and sensorsolutions, proven in the harshest of environments, helps build a safer, greener, smarter and more connected world. With 75,000 people — including more than7,000 engineers — working alongside customers in nearly 150 countries, we help ensure that EVERY CONNECTION COUNTS — www.TE.com Non-GAAP Financial Measures We present non-GAAP performance and liquidity measures as we believe it is appropriate for investors to consider adjusted financial measures in addition toresults in accordance with accounting principles generally accepted in the U.S. (“GAAP”). These non-GAAP financial measures provide supplemental informationand should not be considered replacements for results in accordance with GAAP. Management uses non-GAAP financial measures internally for planning andforecasting purposes and in its decision making processes related to the operations of our company. We believe these measures provide meaningful information tous and investors because they enhance the understanding of our operating performance, ability to generate cash, and the trends of our business. Additionally, webelieve that investors benefit from having access to the same financial measures that management uses in evaluating our operations. The primary limitation of thesemeasures is that they exclude the financial impact of items that would otherwise either increase or decrease our reported results. This limitation is best addressed byusing these non-GAAP financial measures in combination with the most directly comparable GAAP financial measures in order to better understand the amounts,character, and impact of any increase or decrease in reported amounts. These non-GAAP financial measures may not be comparable to similarly-titled measuresreported by other companies. The following provides additional information regarding our non-GAAP financial measures:

· Organic Net Sales Growth — represents net sales growth (the most comparable GAAP financial measure) excluding the impact of foreign currencyexchange rates, and acquisitions and divestitures that occurred in the preceding twelve months, if any. Organic Net Sales Growth is a useful measure ofour performance because it excludes items that are not completely under management’s control, such as the impact of changes in foreign currencyexchange rates, and items that do not reflect the underlying growth of the company, such as acquisition and divestiture activity. This measure is asignificant component in our incentive compensation plans.

· Adjusted Operating Income and Adjusted Operating Margin — represent operating income and operating margin, respectively, (the most comparable

GAAP financial measures) before special items including

restructuring and other charges, acquisition related charges, and other income or charges, if any. We utilize these measures to assess segment leveloperating performance and to provide insight to management in evaluating segment operating plan execution and market conditions. Adjusted OperatingIncome is a significant component in our incentive compensation plans.

· Adjusted Other Income, Net — represents net other income (the most comparable GAAP financial measure) before special items including tax sharing

income related to adjustments to prior period tax returns and other items, if any.· Adjusted Income Tax Expense and Adjusted Effective Tax Rate — represent income tax expense and effective tax rate, respectively (the most

comparable GAAP financial measures) after adjusting for the tax effect of special items including restructuring and other charges, acquisition relatedcharges, other income or charges, and certain significant tax items, if any.

· Adjusted Income from Continuing Operations — represents income from continuing operations (the most comparable GAAP financial measure) before

special items including restructuring and other charges, acquisition related charges, tax sharing income related to adjustments to prior period tax returnsand other tax items, other income or charges, and certain significant tax items, if any, and, if applicable, the related tax effects.

· Adjusted Earnings Per Share — represents diluted earnings per share from continuing operations (the most comparable GAAP financial measure) before

special items including restructuring and other charges, acquisition related charges, tax sharing income related to adjustments to prior period tax returnsand other tax items, other income or charges, and certain significant tax items, if any, and, if applicable, the related tax effects. This measure is asignificant component in our incentive compensation plans.

· Net Sales Excluding the Impact of the Additional Week, Net Sales Growth Excluding the Impact of the Additional Week, Organic Net Sales Growth

Excluding the Impact of the Additional Week, Adjusted Operating Income Excluding the Impact of the Additional Week, Adjusted Operating MarginExcluding the Impact of the Additional Week, and Adjusted Earnings Per Share Excluding the Impact of the Additional Week — represent certain GAAPand non-GAAP financial measures excluding the impact of the additional week in the fourth quarter of the fiscal year for fiscal years which are 53 weeksin length. The impact of the additional week is estimated using an average weekly sales figure for the last month of the fiscal year.

· Free Cash Flow (FCF) — is a useful measure of our ability to generate cash. The difference between net cash provided by continuing operating activities

(the most comparable GAAP financial measure) and Free Cash Flow consists mainly of significant cash outflows and inflows that we believe are useful toidentify. We believe Free Cash Flow provides useful information to investors as it provides insight into the primary cash flow metric used by managementto monitor and evaluate cash flows generated from our operations. Free Cash Flow is defined as net cash provided by continuing operating activities excluding voluntary pension contributions and the cash impact of specialitems, if any, minus net capital expenditures. Voluntary pension contributions are excluded from the GAAP financial measure because this activity isdriven by economic financing decisions rather than operating activity. Certain special items, including net payments related to pre-separation tax mattersand cash paid (collected) pursuant to collateral requirements related to cross currency swaps, are also excluded by management in evaluating Free CashFlow. Net capital expenditures consist of capital expenditures less proceeds from the sale of property, plant, and equipment. These items are subtractedbecause they represent long-term commitments. In the calculation of Free Cash Flow, we subtract certain cash items that are ultimately within management’s and the Board of Directors’ discretion todirect and may imply that there is less or more

cash available for our programs than the most comparable GAAP financial measure indicates. It should not be inferred that the entire Free Cash Flowamount is available for future discretionary expenditures, as our definition of Free Cash Flow does not consider certain non-discretionary expenditures,such as debt payments. In addition, we may have other discretionary expenditures, such as discretionary dividends, share repurchases, and businessacquisitions, that are not considered in the calculation of Free Cash Flow.

Forward-Looking Statements This release contains certain “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements arebased on management’s current expectations and are subject to risks, uncertainty and changes in circumstances, which may cause actual results, performance,financial condition or achievements to differ materially from anticipated results, performance, financial condition or achievements. All statements contained hereinthat are not clearly historical in nature are forward-looking and the words “anticipate,” “believe,” “expect,” “estimate,” “plan,” and similar expressions aregenerally intended to identify forward-looking statements. We have no intention and are under no obligation to update or alter (and expressly disclaim any suchintention or obligation to do so) our forward-looking statements whether as a result of new information, future events or otherwise, except to the extent required bylaw. The forward-looking statements in this release include statements addressing our future financial condition and operating results. Examples of factors thatcould cause actual results to differ materially from those described in the forward-looking statements include, among others, business, economic, competitive andregulatory risks, such as conditions affecting demand for products, particularly in the automotive and data and devices industries; competition and pricing pressure;fluctuations in foreign currency exchange rates and commodity prices; natural disasters and political, economic and military instability in countries in which weoperate; developments in the credit markets; future goodwill impairment; compliance with current and future environmental and other laws and regulations; and thepossible effects on us of changes in tax laws, tax treaties and other legislation. More detailed information about these and other factors is set forth in TEConnectivity Ltd.’s Annual Report on Form 10-K for the fiscal year ended Sept. 30, 2016 as well as in our Quarterly Reports on Form 10-Q, Current Reports onForm 8-K and other reports filed by us with the U.S. Securities and Exchange Commission.

# # #

Contacts: Media Relations: Investor Relations:

B.J. Talley Sujal Shah

TE Connectivity TE Connectivity

610-893-9553 610-893-9790

[email protected] [email protected]

TE CONNECTIVITY LTD.

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

For the Quarters Ended

For the Nine Months Ended

June 30,

June 24,

June 30,

June 24,

2017

2016

2017

2016

(in millions, except per share data)

Net sales

$ 3,367

$ 3,121

$ 9,657

$ 8,906

Cost of sales

2,229

2,099

6,346

5,977

Gross margin

1,138

1,022

3,311

2,929

Selling, general, and administrative expenses

412

367

1,196

1,074

Research, development, and engineering expenses

170

161

490

479

Acquisition and integration costs

1

11

5

19

Restructuring and other charges (credits), net

19

31

125

(28)Operating income

536

452

1,495

1,385

Interest income

3

2

14

12

Interest expense

(32) (31) (95) (93)Other expense, net

(4) (651) (6) (631)Income (loss) from continuing operations before income taxes

503

(228) 1,408

673

Income tax (expense) benefit

(71) 1,019

(164) 831

Income from continuing operations

432

791

1,244

1,504

Income from discontinued operations, net of income taxes

3

48

5

68

Net income

$ 435

$ 839

$ 1,249

$ 1,572

Basic earnings per share:


$ 1.22

$ 2.22

$ 3.50

$ 4.08

Income from discontinued operations

0.01

0.13

0.01

0.18

Net income

1.23

2.35

3.52

4.26

Diluted earnings per share:


$ 1.21

$ 2.19

$ 3.47

$ 4.03

Income from discontinued operations

0.01

0.13

0.01

0.18

Net income

1.22

2.32

3.48

4.21

Dividends paid per common share

$ 0.40

$ 0.37

$ 1.14

$ 1.03

Weighted-average number of shares outstanding:

Basic

355

357

355

369

Diluted

358

361

359

373


CONSOLIDATED BALANCE SHEETS (UNAUDITED)

June 30,

September 30,

2017

2016

(in millions, except share data)

Assets

Current assets:

Cash and cash equivalents

$ 755

$ 647

Accounts receivable, net of allowance for doubtful accounts of $20 and $17, respectively

2,271

2,046

Inventories

1,787

1,596

Prepaid expenses and other current assets

541

486

Total current assets

5,354

4,775

Property, plant, and equipment, net

3,165

3,052

Goodwill

5,516

5,492

Intangible assets, net

1,790

1,879

Deferred income taxes

2,287

2,111

Other assets

408

299

Total Assets

$ 18,520

$ 17,608

Liabilities and Shareholders’ Equity

Current liabilities:

Short-term debt

$ 878

$ 331

Accounts payable

1,309

1,090

Accrued and other current liabilities

1,623

1,437

Deferred revenue

62

208

Total current liabilities

3,872

3,066

Long-term debt

3,113

3,739

Long-term pension and postretirement liabilities

1,494

1,502


197

207

Income taxes

283

247

Other liabilities

420

362

Total Liabilities

9,379

9,123

Commitments and contingencies

Shareholders’ equity:

Common shares, CHF 0.57 par value, 357,069,981 shares authorized and issued, and 382,835,381 sharesauthorized and issued, respectively

157

168

Contributed surplus

—

1,801

Accumulated earnings

9,747

8,682

Treasury shares, at cost, 3,380,507 and 27,554,005 shares, respectively

(257) (1,624)Accumulated other comprehensive loss

(506) (542)Total Shareholders’ Equity

9,141

8,485

Total Liabilities and Shareholders’ Equity

$ 18,520

$ 17,608


CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)



June 30,

June 24,

June 30,

June 24,

2017

2016

2017

2016

(in millions)

Cash Flows From Operating Activities:

Net income

$ 435

$ 839

$ 1,249

$ 1,572

Income from discontinued operations, net of income taxes

(3) (48) (5) (68)Income from continuing operations

432

791

1,244

1,504

Adjustments to reconcile income from continuing operations tonet cash provided by operating activities:

Depreciation and amortization

157

148

469

438


(28) 214

(146) 162

Provision for losses on accounts receivable and inventories

6

4

15

27

Tax sharing expense

5

651

6

632

Share-based compensation expense

26

23

73

66

(Gain) loss on divestiture

—

3

—

(143)Other

6

22

17

84

Changes in assets and liabilities, net of the effects ofacquisitions and divestitures:

Accounts receivable, net

(45) 6

(260) 15

Inventories

(126) 59

(195) (2)Prepaid expenses and other current assets

(38) —

(6) 302

Accounts payable

69

12

217

(4)Accrued and other current liabilities

43

70

56

(68)Deferred revenue

(67) 48

(150) (22)Income taxes

21

(1,339) 54

(1,735)Other

63

3

55

6

Net cash provided by continuing operating activities

524

715

1,449

1,262

Net cash provided by (used in) discontinued operatingactivities

(1) 3

(1) 1

Net cash provided by operating activities

523

718

1,448

1,263

Cash Flows From Investing Activities:

Capital expenditures

(163) (150) (452) (420)Proceeds from sale of property, plant, and equipment

4

2

12

3

Acquisition of businesses, net of cash acquired

(77) (988) (77) (994)Proceeds from divestiture of business, net of cash retained by soldbusiness

4

65

4

326

Other

(9) (1) (25) 28

Net cash used in investing activities

(241) (1,072) (538) (1,057)Cash Flows From Financing Activities:

Net increase (decrease) in commercial paper

—

150

(162) 300

Proceeds from issuance of debt

—

—

89

350

Repayment of debt

—

—

—

(500)Proceeds from exercise of share options

22

16

86

77

Repurchase of common shares

(178) (134) (376) (2,657)Payment of common share dividends to shareholders

(142) (132) (405) (377)Other

(2) 3

(24) (29)Net cash used in continuing financing activities

(300) (97) (792) (2,836)Net cash provided by (used in) discontinued financingactivities

1

(3) 1

(1)Net cash used in financing activities

(299) (100) (791) (2,837)Effect of currency translation on cash

(1) (2) (11) (4)Net increase (decrease) in cash and cash equivalents

(18) (456) 108

(2,635)Cash and cash equivalents at beginning of period

773

1,150

647

3,329

Cash and cash equivalents at end of period

$ 755

$ 694

$ 755

$ 694

Supplemental Cash Flow Information:

Interest paid

$ 40

$ 40

$ 106

$ 102

Income taxes paid, net of refunds

79

107

256

742


RECONCILIATION OF FREE CASH FLOW (UNAUDITED)



June 30,

June 24,

June 30,

June 24,

2017

2016

2017

2016

(in millions)

Net cash provided by continuing operating activities

$ 524

$ 715

$ 1,449

$ 1,262

Excluding:

Payments (receipts) related to pre-separation U.S. taxmatters, net

(15) 5

(23) 145

Payments related to income taxes on the sale of theBroadband Network Solutions business

—

17

—

26

Cash paid pursuant to collateral requirements related tocross currency swaps

58

—

19

19

Capital expenditures, net

(159) (148) (440) (417)Free cash flow (1)

$ 408

$ 589

$ 1,005

$ 1,035

(1) Free cash flow is a non-GAAP financial measure. See description of non-GAAP financial measures.


CONSOLIDATED SEGMENT DATA (UNAUDITED)



June 30,

June 24,

June 30,

June 24,

2017

2016

2017

2016

($ in millions)

Net Sales

Net Sales

Net Sales

Net Sales

Transportation Solutions

$ 1,765

$ 1,652

$ 5,195

$ 4,767

Industrial Solutions

905

849

2,553

2,296

Communications Solutions

697

620

1,909

1,843

Total

$ 3,367

$ 3,121

$ 9,657

$ 8,906

Operating

Operating

Operating

Operating

Operating

Operating

Operating

Operating

Income

Margin

Income

Margin

Income

Margin

Income

Margin


$ 328

18.6% $ 297

18.0% $ 971

18.7% $ 847

17.8%Industrial Solutions

98

10.8

95

11.2

251

9.8

224

9.8


110

15.8

60

9.7

273

14.3

314

17.0

Total

$ 536

15.9% $ 452

14.5% $ 1,495

15.5% $ 1,385

15.6%

Adjusted

Adjusted

Adjusted

Adjusted

Adjusted

Adjusted

Adjusted

Adjusted

Operating

Operating

Operating

Operating

Operating

Operating

Operating

Operating

Income (1)

Margin (1)

Income (1)

Margin (1)

Income (1)

Margin (1)

Income (1)

Margin (1)


$ 332

18.8% $ 320

19.4% $ 1,033

19.9% $ 905

19.0%Industrial Solutions

115

12.7

112

13.2

313

12.3

274

11.9


112

16.1

69

11.1

284

14.9

206

11.2

Total

$ 559

16.6% $ 501

16.1% $ 1,630

16.9% $ 1,385

15.6%

(1) Adjusted operating income and adjusted operating margin are non-GAAP financial measures. See description of non-GAAP financial measures.


RECONCILIATION OF NET SALES GROWTH (UNAUDITED)

Change in Net Sales for the Quarter Ended June 30, 2017

versus Net Sales for the Quarter Ended June 24, 2016

Net

Organic Net

Sales Growth

Sales Growth (1)

Translation (2)

Acquisitions

($ in millions)

Transportation Solutions (3):

Automotive

$ 49

3.9% $ 70

5.6% $ (21) $ —

Commercial transportation

45

20.7

50

23.1

(5) —

Sensors

19

10.0

14

7.2

(4) 9

Total

113

6.8

134

8.1

(30) 9

Industrial Solutions (3):

Industrial equipment

61

15.4

40

10.2

(7) 28

Aerospace, defense, oil, and gas

(5) (1.8) (2) (0.6) (3) —

Energy

—

—

4

1.7

(4) —

Total

56

6.6

42

4.9

(14) 28

Communications Solutions (3):

Data and devices

10

4.3

14

5.8

(4) —

Subsea communications

48

21.5

48

21.5

—

—

Appliances

19

11.7

22

13.6

(3) —

Total

77

12.4

84

13.5

(7) —

Total

$ 246

7.9% $ 260

8.3% $ (51) $ 37

Change in Net Sales for the Nine Months Ended June 30, 2017

versus Net Sales for the Nine Months Ended June 24, 2016

Net

Organic Net

Acquisitions

Sales Growth

Sales Growth (1)

Translation (2)

(Divestiture)

($ in millions)

Transportation Solutions (3):

Automotive

$ 277

7.7% $ 326

9.1% $ (49) $ —

Commercial transportation

113

18.5

123

20.1

(10) —

Sensors

38

6.8

18

3.2

(10) 30

Total

428

9.0

467

9.8

(69) 30

Industrial Solutions (3):


265

26.7

56

5.7

(17) 226

Aerospace, defense, oil, and gas

(10) (1.2) (1) (0.1) (10) 1

Energy

2

0.4

9

1.8

(7) —

Total

257

11.2

64

2.8

(34) 227

Communications Solutions (3):

Data and devices

(49) (6.5) 34

4.1

(13) (70)Subsea communications

60

9.3

60

9.3

—

—

Appliances

55

12.5

63

14.0

(8) —

Total

66

3.6

157

8.5

(21) (70)Total

$ 751

8.4% $ 688

7.7% $ (124) $ 187

(1) Organic net sales growth is a non-GAAP financial measure. See description of non-GAAP financial measures. (2) Represents the change in net sales resulting from changes in foreign currency exchange rates. (3) Industry end market information is presented consistently with our internal management reporting and may be periodically revised as management deemsnecessary.


RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURESFor the Quarter Ended June 30, 2017

(UNAUDITED)

Adjustments

Acquisition

Restructuring

Related

and Other

Tax

Adjusted

U.S. GAAP

Charges (1)

Charges, Net (1)

Items (2)

(Non-GAAP) (3)

($ in millions, except per share data)

Operating Income:


$ 328

$ 1

$ 3

$ —

$ 332


98

3

14

—

115


110

—

2

—

112

Total

$ 536

$ 4

$ 19

$ —

$ 559

Operating Margin

15.9%

16.6% Other Income (Expense), Net

$ (4) $ —

$ —

$ 7

$ 3

Income Tax Expense

$ (71) $ (1) $ (3) $ (14) $ (89) Effective Tax Rate

14.1%

16.7% Income from Continuing Operations

$ 432

$ 3

$ 16

$ (7) $ 444

Diluted Earnings per Share from Continuing

Operations

$ 1.21

$ 0.01

$ 0.04

$ (0.02) $ 1.24

(1) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect foreach such jurisdiction. (2) Income tax benefits associated with pre-separation tax matters and the related impact to other expense pursuant to the tax sharing agreement with TycoInternational and Covidien. (3) See description of non-GAAP financial measures.


RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURESFor the Quarter Ended June 24, 2016

(UNAUDITED)

Adjustments

Acquisition

Restructuring

Related

and Other

Tax

Adjusted

U.S. GAAP

Charges (1)(2)

Charges, Net (2)

Items (3)

(Non-GAAP) (4)


Operating Income:


$ 297

$ 2

$ 21

$ —

$ 320


95

16

1

—

112


60

—

9

—

69

Total

$ 452

$ 18

$ 31

$ —

$ 501

Operating Margin

14.5%

16.1% Other Expense, Net

$ (651) $ —

$ —

$ 650

$ (1) Income Tax (Expense) Benefit

$ 1,019

$ (3) $ (10) $ (1,086) $ (80) Effective Tax Rate

446.9%


$ 791

$ 15

$ 21

$ (436) $ 391


Operations

$ 2.19

$ 0.04

$ 0.06

$ (1.21) $ 1.08

(1) Includes $11 million of acquisition and integration costs and $7 million of non-cash amortization associated with fair value adjustments related to acquiredinventories and customer order backlog recorded in cost of sales. (2) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect foreach such jurisdiction. (3) Includes $1,135 million of income tax benefits associated with the settlement of tax matters for the years 1997 through 2000 which resolved all aspects of thedisputed debt matter with the IRS through the year 2007, as well as the related impact of $604 million to other expense pursuant to the tax sharing agreement withTyco International and Covidien. Also includes income tax charges related to a $91 million increase in the valuation allowance for certain U.S. deferred tax assets;and an $83 million net income tax benefit related to tax settlements in certain other tax jurisdictions, as well as the related impact of $46 million to other expensepursuant to the tax sharing agreement with Tyco International and Covidien. (4) See description of non-GAAP financial measures.


RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURESFor the Nine Months Ended June 30, 2017

(UNAUDITED)

Adjustments

Acquisition

Restructuring

Related

and Other

Tax

Adjusted

U.S. GAAP

Charges (1)

Charges, Net (1)

Items (2)

(Non-GAAP) (3)


Operating Income:


$ 971

$ 2

$ 60

$ —

$ 1,033


251

8

54

—

313


273

—

11

—

284

Total

$ 1,495

$ 10

$ 125

$ —

$ 1,630

Operating Margin

15.5%


$ (6) $ —

$ —

$ 7

$ 1

Income Tax Expense

$ (164) $ (2) $ (33) $ (66) $ (265) Effective Tax Rate

11.6%


$ 1,244

$ 8

$ 92

$ (59) $ 1,285


Operations

$ 3.47

$ 0.02

$ 0.26

$ (0.16) $ 3.58

(1) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect foreach such jurisdiction. (2) Includes income tax benefits associated with the tax impacts of certain intercompany transactions and the corresponding reduction in the valuation allowancefor U.S. tax loss carryforwards. Also includes income tax benefits associated with pre-separation tax matters and the related impact to other expense pursuant to thetax sharing agreement with Tyco International and Covidien. (3) See description of non-GAAP financial measures.


RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURESFor the Nine Months Ended June 24, 2016

(UNAUDITED)

Adjustments

Restructuring

Acquisition

and Other

Related

Charges

Tax

Adjusted

U.S. GAAP

Charges (1)(2)

(Credits), Net (2)

Items (3)

(Non-GAAP) (4)


Operating Income:


$ 847

$ 6

$ 52

$ —

$ 905


224

22

28

—

274


314

—

(108) —

206

Total

$ 1,385

$ 28

$ (28) $ —

$ 1,385

Operating Margin

15.6%


$ (631) $ —

$ —

$ 650

$ 19

Income Tax (Expense) Benefit

$ 831

$ (6) $ 13

$ (1,111) $ (273) Effective Tax Rate

(123.5)%


$ 1,504

$ 22

$ (15) $ (461) $ 1,050

Diluted Earnings per Share from

Continuing Operations

$ 4.03

$ 0.06

$ (0.04) $ (1.24) $ 2.82



RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURESFor the Quarter Ended September 30, 2016

(UNAUDITED)

Adjustments

Restructuring

Acquisition

and Other

Related

Charges

Adjusted

U.S. GAAP

Charges (1)

(Credits), Net (1)

(Non-GAAP) (2)


Operating Income:


$ 344

$ 3

$ (6) $ 341


119

1

3

123


54

—

33

87

Total

$ 517

$ 4

$ 30

$ 551

Operating Margin

15.5%

16.5%

Other Expense, Net

$ (1) $ —

$ —

$ (1) Income Tax Expense

$ (52) $ (1) $ (15) $ (68) Effective Tax Rate

10.6%

13.0%

Income from Continuing Operations

$ 437

$ 3

$ 15

$ 455

Diluted Earnings per Share from Continuing Operations

$ 1.22

$ 0.01

$ 0.04

$ 1.27

(1) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect foreach such jurisdiction. (2) See description of non-GAAP financial measures.


RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURESFor the Year Ended September 30, 2016

(UNAUDITED)

Adjustments

Restructuring

Acquisition

and Other

Related

Charges

Tax

Adjusted

U.S. GAAP

Charges (1)(2)

(Credits), Net (2)

Items (3)

(Non-GAAP) (4)


Operating Income:


$ 1,191

$ 9

$ 46

$ —

$ 1,246


343

23

31

—

397


368

—

(75) —

293

Total

$ 1,902

$ 32

$ 2

$ —

$ 1,936

Operating Margin

15.5%


$ (632) $ —

$ —

$ 650

$ 18

Income Tax (Expense) Benefit

$ 779

$ (7) $ (2) $ (1,111) $ (341) Effective Tax Rate

(67.0)%


$ 1,941

$ 25

$ —

$ (461) $ 1,505


Operations

$ 5.26

$ 0.07

$ —

$ (1.25) $ 4.08



IMPACT OF ADDITIONAL WEEK (UNAUDITED)For the Quarter Ended September 30, 2016

For the Quarter Ended September 30, 2016

Change in Net Sales for the Quarter EndedSeptember 30, 2016 versus Net Sales for the

Quarter Ended September 25, 2015

Change in Organic Net Sales for the Quarter Ended September 30, 2016 versus Organic Net Sales for the

Quarter Ended September 25, 2015 (2)

For the

Adjustment

Quarter Ended

Adjustment

Adjustment

14 Weeks

Impact of

13 Weeks

September 25,

14 Weeks

Impact of

13 Weeks

14 Weeks

Impact of

13 Weeks

U.S. GAAP

14th Week

(Non-GAAP) (1)(2)

2015

U.S. GAAP

14th Week

(Non-GAAP) (1)(2)

(Non-GAAP) (2)

14th Week

(Non-GAAP) (1)(2)

($ in millions)

Net Sales:


Automotive

$ 1,311

$ (102) $ 1,209

$ 1,128

16.2% (9.0)% 7.2% 15.3% (9.0)% 6.3%Commercial Transportation

215

(15) 200

190

13.2

(7.9) 5.3

12.1

(7.9) 4.2

Sensors

210

(13) 197

190

10.5

(6.8) 3.7

4.2

(6.5) (2.3)Total

1,736

(130) 1,606

1,508

15.1

(8.6) 6.5

13.4

(8.5) 4.9


Industrial Equipment

427

(32) 395

343

24.5

(9.3) 15.2

0.7

(7.8) (7.1)Aerospace, Defense, Oil, and Gas

299

(20) 279

276

8.3

(7.2) 1.1

8.0

(7.1) 0.9

Energy

193

(13) 180

173

11.6

(7.6) 4.0

13.4

(7.6) 5.8

Total

919

(65) 854

792

16.0

(8.2) 7.8

6.0

(7.5) (1.5)Communications Solutions

Data and Devices

262

(21) 241

323

(18.9) (6.5) (25.4) (5.8) (7.5) (13.3)Subsea Communications

239

(11) 228

202

18.3

(5.4) 12.9

18.3

(5.2) 13.1

Appliances

176

(11) 165

159

10.7

(6.9) 3.8

10.4

(7.4) 3.0

Total

677

(43) 634

684

(1.0) (6.3) (7.3) 5.9

(6.8) (0.9)Total

$ 3,332

$ (238) $ 3,094

$ 2,984

11.7% (8.0)% 3.7% 9.8% (7.9)% 1.9%

Adjustments

Adjustment

Acquisition

Restructuring

Related

and Other

14 Weeks

Impact of

13 Weeks

U.S. GAAP

Charges

Charges, Net

(Non-GAAP) (2)

14th Week

(Non-GAAP) (1)(2)


Operating Income

$ 517

$ 4

$ 30

$ 551

$ (55) $ 496

Operating Margin

15.5%

16.5%

16.0% Diluted Earnings per

Share fromContinuingOperations

$ 1.22

$ 0.01

$ 0.04

$ 1.27

$ (0.13) $ 1.14

(1) Excludes the impact of an additional week in the fourth quarter of fiscal 2016. The impact of the additional week was estimated using an average weekly salesfigure for the last month of the fiscal year. (2) See description of non-GAAP financial measures.


IMPACT OF ADDITIONAL WEEK (UNAUDITED)For the Year Ended September 30, 2016

Fiscal 2016

Change in Net Sales for Fiscal 2016 versus Net Sales for Fiscal 2015

Change in Organic Net Sales for Fiscal 2016 versus Organic Net Sales for Fiscal 2015 (2)

Adjustment

Adjustment

Adjustment

53 Weeks

Impact of

52 Weeks

53 Weeks

Impact of

52 Weeks

53 Weeks

Impact of

52 Weeks

U.S. GAAP

53rd Week

(Non-GAAP) (1)(2)

Fiscal 2015

U.S. GAAP

53rd Week

(Non-GAAP) (1)(2)

(Non-GAAP) (2)

53rd Week

(Non-GAAP) (1)(2)

($ in millions)

Net Sales:


Automotive

$ 4,912

$ (102) $ 4,810

$ 4,780

2.8% (2.2)% 0.6% 5.6% (2.2)% 3.4%Commercial transportation

825

(15) 810

820

0.6

(1.8) (1.2) 2.6

(1.8) 0.8

Sensors

766

(13) 753

751

2.0

(1.7) 0.3

3.1

(1.7) 1.4

Total

6,503

(130) 6,373

6,351

2.4

(2.1) 0.3

4.9

(2.1) 2.8



1,419

(32) 1,387

1,323

7.3

(2.5) 4.8

(5.2) (2.1) (7.3)Aerospace, defense, oil, and gas

1,100

(20) 1,080

1,151

(4.4) (1.8) (6.2) (3.8) (1.7) (5.5)Energy

696

(13) 683

705

(1.3) (1.8) (3.1) 3.6

(1.9) 1.7

Total

3,215

(65) 3,150

3,179

1.1

(2.0) (0.9) (2.8) (1.9) (4.7)Communications Solutions

Data and devices

1,020

(21) 999

1,357

(24.8) (1.6) (26.4) (17.8) (1.7) (19.5)Subsea communications

885

(11) 874

709

24.8

(1.5) 23.3

24.8

(1.3) 23.5

Appliances

615

(11) 604

637

(3.5) (1.7) (5.2) (1.8) (1.9) (3.7)Total

2,520

(43) 2,477

2,703

(6.8) (1.6) (8.4) (1.6) (1.7) (3.3)Total

$ 12,238

$ (238) $ 12,000

$ 12,233

—% (1.9)% (1.9)% 1.5% (2.0)% (0.5)%

Adjustments

Adjustment

Acquisition

Restructuring

Related

and Other

53 Weeks

Impact of

52 Weeks

U.S. GAAP

Charges (3)

Charges, Net

Tax Items (4)

(Non-GAAP) (2)

53rd Week

(Non-GAAP) (1)(2)


Operating Income

$ 1,902

$ 32

$ 2

$ —

$ 1,936

$ (55) $ 1,881

Operating Margin

15.5%

15.8%

15.7% Diluted Earnings per

Share from ContinuingOperations

$ 5.26

$ 0.07

$ —

$ (1.25) $ 4.08

$ (0.13) $ 3.95

(1) Excludes the impact of an additional week in the fourth quarter of fiscal 2016. The impact of the additional week was estimated using an average weekly salesfigure for the last month of the fiscal year. (2) See description of non-GAAP financial measures. (3) Includes $22 million of acquisition and integration costs and $10 million of non-cash amortization associated with fair value adjustments related to acquiredinventories and customer order backlog recorded in cost of sales. (4) Includes $1,135 million of income tax benefits associated with the settlement of tax matters for the years 1997 through 2000 which resolved all aspects of thedisputed debt matter with the IRS through the year 2007, as well as the related impact of $604 million to other expense pursuant to the tax sharing agreement withTyco International and Covidien. Also includes income tax charges related to a $91 million increase in the valuation allowance for certain U.S. deferred tax assets;and an $83 million net income tax benefit related to tax settlements in certain other tax jurisdictions, as well as the related impact of $46 million to other expensepursuant to the tax sharing agreement with Tyco International and Covidien.


RECONCILIATION OF FORWARD-LOOKING NON-GAAP FINANCIAL MEASURESTO FORWARD-LOOKING GAAP FINANCIAL MEASURES

As of July 26, 2017(UNAUDITED)

Outlook for

Quarter Ending

September 29,

Outlook for

2017

Fiscal 2017

Diluted earnings per share from continuing operations (GAAP)

$1.07 - $1.09

$4.54 - 4.56

Restructuring and other charges, net

0.06

0.31

Acquisition related charges

0.01

0.03

Tax items

—

(0.16)

Adjusted diluted earnings per share from continuing operations (non-GAAP) (1)

$1.14 - 1.16

$4.72 - 4.74

Net sales growth (GAAP)

(5) - (1) %

5 - 6 %

Impact of additional week in fiscal 2016

8

2

Net sales growth excluding the impact of the additional week in fiscal 2016 (non-GAAP) (1)

3 - 7 %

7 - 8 %

Translation

—

1

(Acquisitions) divestitures, net

(1)

(2)

Organic net sales growth excluding the impact of the additional week in fiscal 2016 (non-GAAP) (1)

2 - 6 %

6 - 7 %

Effective tax rate (GAAP)

18.5 %

13.8 %

Effective tax rate adjustments(2)

0.5

4.2

Adjusted effective tax rate (non-GAAP) (1)

19.0 %

18.0 %

(1) See description of non-GAAP financial measures. (2) Includes adjustments for special tax items and the tax effect of acquisition related charges and restructuring and other charges, calculated based on thejurisdictions in which the expense (income) is incurred and the tax laws in effect for each such jurisdiction.

Exhibit 99.2Q3 2017 Earnings July 26, 2017

Forward-Looking Statements and Non-GAAP Measures 2 Forward-Looking Statements This presentation contains certain “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and are subject to risks, uncertainty and changes in circumstances, which may cause actual results, performance, financial condition or achievements to differ materially from anticipated results, performance, financial condition or achievements. All statements contained herein that are not clearly historical in nature are forward-looking and the words “anticipate,” “believe,” “expect,” “estimate,” “plan,” and similar expressions are generally intended to identify forward-looking statements. We have no intention and are under no obligation to update or alter (and expressly disclaim any such intention or obligation to do so) our forward-looking statements whether as a result of new information, future events or otherwise, except to the extent required by law. The forward-looking statements in this presentation include statements addressing our future financial condition and operating results. Examples of factors that could cause actual results to differ materially from those described in the forward-looking statements include, among others, business, economic, competitive and regulatory risks, such as conditions affecting demand for products, particularly in the automotive and data and devices industries; competition and pricing pressure; fluctuations in foreign currency exchange rates and commodity prices; natural disasters and political, economic and military instability in countries in which we operate; developments in the credit markets; future goodwill impairment; compliance with current and future environmental and other laws and regulations; and the possible effects on us of changes in tax laws, tax treaties and other legislation. More detailed information about these and other factors is set forth in TE Connectivity Ltd.’s Annual Report on Form 10-K for the fiscal year ended Sept. 30, 2016 as well as in our Quarterly Reports on Form 10-Q, Current Reportson Form 8-K and other reports filed by us with the U.S. Securities and Exchange Commission. Non-GAAP Financial Measures Where we have used non-GAAP financial measures, reconciliations to the most comparable GAAP measure are provided, along with a disclosure on the usefulness of the non-GAAP measure, in this presentation.

Record Q3 performance and exceeded Guidance; Raising FY17 Guidance 8% organic growth year-over-year Sales of $3.4B, with organic growth across all segments and regions Transportation grew 8% organically as content growth continues to drive market outperformance Organic growth of 5% in Industrial driven by strength in factory automation & medical applications Double digit organic growth in Communications with growth across all businesses Record profitability in Q3 Adjusted EPS of $1.24, up 15% Y/Y driven by operational strength Adjusted Operating Margin of 16.6%, expanded margins by 50bps Y/Y Free Cash Flow of $408M with $324M returned to shareholders Raising FY17 Sales and EPS guidance Increasing year over year organic growth to 7% and adjusted EPS to $4.73 at the mid-point, up 20% Order momentum continues, up 12% Y/Y in Q3 excluding SubCom Strengthening our harsh portfolio with bolt-on acquisitions in Automotive and Medical Q3 Highlights 3 Organic Net Sales Growth, Adjusted EPS, Adjusted Operating Margin and Free Cash Flow are non-GAAP measures; see Appendix for description and reconciliation.

Reported FY16 FY17 FY17 Q3 Y/Y Growth Q3 Q2 Q3 Reported Organic Transportation 1,659 1,811 1,887 14% 15% Industrial 875 927 951 9% 6% Communications Ex SubCom* 393 446 432 10% 12% Total TE Ex SubCom* 2,927 3,184 3,270 12% 12% Book to Bill Ex SubCom* 1.01 1.06 1.06 Segment Orders Summary ($ in millions) 4 Transportation Y/Y growth driven by all regions and businesses Industrial Y/Y growth driven by strength in Industrial Equipment Communications Y/Y growth driven by strength in Asia in both Data and Devices and Appliances Orders momentum in all segments in Q3 *SubCom is a project based business and excluded from the summary to provide a comparable view of orders in each period.

Y/Y Growth Rates Reported Organic Automotive $1,294 4% 6% Commercial Transportation 262 21% 23% Sensors 209 10% 7% Transportation Solutions $1,765 7% 8% $ in Millions Sales Automotive sales significantly above production of 1% driven by content expansion and growth in all regions Commercial Transportation organic growth driven by strength across all regions and content gains Sensors organic growth driven by Transportation and Industrial applications Y/Y Adjusted Operating Margin impacted by stronger demand than planned creating near term supply chain inefficiencies Business Performance Reported Up 7% Organic Up 8% Y/Y Growth Rates Reported Organic Orders $1,887 14% 15% Adjusted Operating Margin Segment operating margins in line with expectations Organic Sales Growth, Adjusted Operating Margin and Adjusted EBITDA Margin are non-GAAP measures; see Appendix for description and reconciliation. Transportation Solutions 5 Adjusted EBITDA Margin 24.6% 23.9% 19.4% 18.8% Q3 2016 Q3 2017 $1,652 $1,765 Q3 2016 Q3 2017

Y/Y Growth Rates Reported Organic Industrial Equipment $456 15% 10% Aerospace, Defense and Marine 271 (2)% (1)% Energy 178 -% 2% Industrial Solutions $905 7% 5% $ in Millions Sales Industrial Equipment organic growth driven by factory automation and medical applications Organic decline in AD&M driven by timing in Commercial Aerospace partially offset by Defense growth Energy growth driven by Asia and EMEA Y/Y Adjusted Operating Margin impacted by near term AD&M demand softness; Expect sequential and Y/Y improvement in Q4 Business Performance Reported Up 7% Organic Up 5% Adjusted Operating Margin Industrial Solutions 6 Y/Y Growth Rates Reported Organic Orders $951 9% 6% Margins down Y/Y but flat sequentially Organic Sales Growth, Adjusted Operating Margin and Adjusted EBITDA Margin are non-GAAP measures; see Appendix for description and reconciliation. Adjusted EBITDA Margin 17.2% 17.1% $849 $905 Q3 2016 Q3 2017 13.2% 12.7% Q3 2016 Q3 2017

Y/Y Growth Rates Reported Organic Data & Devices $245 4% 6% Appliances 181 12% 14% SubCom 271 22% 22% Communications Solutions $697 12% 14% $ in Millions Sales Data & Devices growth driven primarily by high speed programs with cloud infrastructure customers Data & Devices portfolio transformation and footprint optimization favorably impact operating margins Double digit Appliances growth, with growth across all regions and share gains in China SubCom remains solid with a strong pipeline of opportunities Business Performance Reported Up 12% Organic Up 14% Y/Y Growth Rates Reported Organic Orders ex SubCom* $432 10% 12% Adjusted Operating Margin ~500bps margin expansion Y/Y driven by growth and operational improvements 7 Communications Solutions Organic Sales Growth, Adjusted Operating Margin and Adjusted EBITDA Margin are non-GAAP measures; see Appendix for description and reconciliation. Adjusted EBITDA Margin 15.3% 19.7% 11.1% 16.1% Q3 2016 Q3 2017 $620 $697 Q3 2016 Q3 2017

Adjusted Operating Income, Adjusted Operating Margin and Adjusted EPS are non-GAAP measures; see Appendix for description. *Represents Diluted Earnings Per Share from Continuing Operations ($ in Millions, except per share amounts) Q3 FY16 Q3 FY17 Net Sales $ 3,121 $ 3,367 Operating Income $ 452 $ 536 Operating Margin 14.5% 15.9% Acquisition Related Charges 18 4 Restructuring & Other Charges, net 31 19 Adjusted Operating Income $ 501 $ 559 Adjusted Operating Margin 16.1% 16.6% Earnings Per Share* $ 2.19 $ 1.21 Acquisition Related Charges 0.04 0.01 Restructuring & Other Charges, net 0.06 0.04 Tax Items (1.21) (0.02) Adjusted EPS $ 1.08 $ 1.24 Q3 Financial Summary 8

$ in Millions Adjusted Gross Margin Percentage Adjusted Operating Margin Free Cash Flow Adjusted Gross Margin Percentage, Free Cash Flow, Adjusted Operating Margin and Adjusted EBITDA Margin are non-GAAP measures; See Appendix for description and reconciliation. Q3 Operating Metrics 9 Adjusted EBITDA Margin $589 $408 Q3 2016 Q3 2017 33.0% 33.9% Q3 2016 Q3 2017 16.1% 16.6% Q3 2016 Q3 2017 20.7% 21.2% Q3 2016 Q3 2017

Guidance* Mid Single Digit Organic Growth Across Segments Transportation Solutions Industrial Solutions Communications Solutions TE Connectivity Highlights Sales $3.2B to $3.3B Adjusted EPS $1.14 to $1.16 Sales up 5% Y/Y and up 4% organically at midpoint Minimal impact from FX Adjusted EPS up slightly Y/Y at the midpoint Tax rate headwind unfavorably impacting Adjusted EPS by $0.08 Y/Y Up Mid Single Digits Up Mid Single Digits Organic Up Mid Single Digits Up Mid Single Digits Organic Up High Single Digits Up Mid Single Digits Organic Q4 Outlook* vs 13 week Q4 2016 10 Automotive mid single digit organic growth expected on 1% global auto production; Heavy truck performance remains strong with growth across all regions Industrial Solutions growth driven by strength in factory automation and medical applications Communications Solutions growth expected across all businesses * Assumes foreign exchange rates and commodity prices that are consistent with current levels; Growth comparisons to prior year exclude the impact of an additional week in the fourth quarter of fiscal 2016 ($238M Revenue and $0.13 Adjusted EPS) Net Sales Growth Excluding the Impact of the Additional Week, Organic Net Sales Growth Excluding the Impact of the Additional Week, Adjusted EPS and Adjusted EPS Excluding the Impact of the Additional Week are non-GAAP measures; see Appendix for description and reconciliation.

Raising Guidance: 7% organic growth and Adjusted EPS up 20% Y/Y Sales of $12.85B to $12.95B Adjusted EPS of $4.72 to $4.74 Sales up 8% Y/Y; Expect organic growth of 7% Y/Y (up from 6% in Prior Guidance) Adjusted EPS up 20% Y/Y at midpoint FX headwind impacting sales by ~$125M Y/Y and Adjusted EPS by $0.07 Y/Y Y/Y tax rate benefits 1H but negatively impacts 2H Up High Single Digits Up High Single Digits Organic Up Mid Single Digits Up High Single Digits Organic Up High Single Digits Up Low Single Digits Organic FY17 Outlook* vs 52 week prior year Guidance Transportation Solutions Industrial Solutions TE Connectivity Highlights 11 Communications Solutions * Assumes foreign exchange rates and commodity prices that are consistent with current levels; Growth comparisons to prior year exclude the impact of an additional week in the fourth quarter of fiscal 2016 ($238M Revenue and $0.13 Adjusted EPS) Net Sales Growth Excluding the Impact of the Additional Week, Organic Net Sales Growth Excluding the Impact of the Additional Week, Adjusted EPS and Adjusted EPS Excluding the Impact of the Additional Week are non-GAAP measures; see Appendix for description and reconciliation. Expect organic Auto growth of high-single digits on ~3% production growth, reflecting content gains; Continue to expect growth in Commercial Transportation and Sensors Low single digit Industrial organic growth reflecting continued improvement in Industrial markets High single digit organic growth in Communications driven by all businesses

Additional Information 12

Y/Y Q3 2017 13 Adjusted EPS is a non-GAAP measure; See Appendix for description and reconciliation. Sales (in millions) Adjusted EPS Q3 2016 Results $3,121 $1.08 Operational Performance 260 0.16 Acquisitions / Divestitures, net 37 0.02 Tax Rate Impact - 0.01 FX Impact (51) (0.03) Q3 2017 Results $3,367 $1.24

Y/Y Q4 2017 14 Net Sales Excluding the Impact of the Additional Week, Adjusted Earnings Per Share Excluding the Impact of the Additional Week, and Adjusted EPS are non-GAAP measures; See Appendix for description and reconciliation. Sales (in millions) Adjusted EPS Q4 2016 Results – 13 weeks $3,094 $1.14 Operational Performance 118 0.08 Acquisitions / Divestitures, net 33 0.02 Tax Rate Impact (0.08) FX Impact (5) (0.01) Q4 2017 Guidance $3,240 $1.15 Guidance Range: Sales of $3.2B - $3.3B Adjusted EPS of $1.14 – $1.16

Y/Y FY 2017 15 1H 2H FY17 Sales (in millions) Adjusted EPS Sales (in millions) Adjusted EPS Sales (in millions) Adjusted EPS 2016 – 52 Weeks $5,785 $1.74 $6,215 $2.21 $12,000 $3.95 Operational Performance 429 0.36 379 0.23 808 0.59 Acquisitions / Divestitures, net* 146 0.05 70 0.04 216 0.09 Share Repurchase 0.12 0.02 0.14 Tax Rate Impact 0.10 (0.07) 0.03 FX Impact (70) (0.03) (54) (0.04) (124) (0.07) 2017 Guidance $6,290 $2.34 $6,610 $2.39 $12,900 $4.73 Guidance Range Sales of $12.85B - $12.95B Adjusted EPS of $4.72 - $4.74 * The impact of Acquisitions and Divestitures is shown until one year after the event. Upon the annual anniversary, the impact is considered to be operational. Net Sales Excluding the Impact of the Additional Week, Adjusted Earnings Per Share Excluding the Impact of the Additional Week, and Adjusted EPS are non-GAAP measures; See Appendix for description and reconciliation.

($ in Millions) Q3 2016 Q3 2017 Beginning Cash Balance $1,150 $773 Free Cash Flow 589 408 Dividends (132) (142) Share repurchases (134) (178) Acquisitions and Divestiture, net (923) (73) Net Increase in Commercial Paper 150 - Other (6) (33) Ending Cash Balance $694 $755 Total Debt $4,036 $3,991 ($ in Millions) Q3 2016 Q3 2017 Cash from Continuing Operations $715 $524 Capital expenditures, net Cash paid pursuant to collateral requirements related to cross currency swaps Pre-separation and BNS related tax payments (receipts), net (148) - 22 (159) 58 (15) Free Cash Flow $589 $408 A/R - $ $2,158 $2,271 Days Sales Outstanding* 62 61 Inventory (Excl. CIP) - $ $1,538 $1,635 Days on Hand* 67 66 Accounts Payable - $ $1,157 $1,309 Days Outstanding* 51 53 Free Cash Flow is a non-GAAP measure, see Appendix for description * Adjusted to exclude the impact of acquisitions Free Cash Flow and Working Capital Liquidity, Cash & Debt Q3 Balance Sheet & Cash Flow Summary 16

Appendix 17

18 Non-GAAP Financial Measures We present non-GAAP performance and liquidity measures as we believe it is appropriate for investors to consider adjusted financial measures in addition to results in accordance with accounting principles generally accepted in the U.S. (“GAAP”). These non-GAAP financial measures provide supplemental information and should not be considered replacements for results in accordance with GAAP. Management uses non-GAAP financial measures internally for planning and forecasting purposes and in its decision making processes related to the operations of our company. We believe these measures provide meaningful information to us and investors because they enhance the understanding of our operating performance, ability to generate cash, and the trends of our business. Additionally, we believe that investors benefit from having access to the same financial measures that management uses in evaluating our operations. The primary limitation of these measures is that they exclude the financial impact of items that would otherwise either increase or decrease our reported results. This limitation is best addressed by using these non-GAAP financial measures in combination with the most directly comparable GAAP financial measures in order to better understand the amounts, character, and impact of any increase or decrease in reported amounts. These non-GAAP financial measures may not be comparable to similarly-titled measures reported by other companies. The following provides additional information regarding our non-GAAP financial measures: Organic Net Sales Growth – represents net sales growth (the most comparable GAAP financial measure) excluding the impact of foreign currency exchange rates, and acquisitions and divestitures that occurred in the preceding twelve months, if any. Organic Net Sales Growth is a useful measure of our performance because it excludes items that are not completely under management’s control, such as the impact of changes in foreign currency exchange rates, and items that do not reflect the underlying growth of the company, such as acquisition and divestiture activity.This measure is a significant component in our incentive compensation plans. Adjusted Gross Margin and Adjusted Gross Margin Percentage – represent gross margin and gross margin percentage, respectively, (the most comparable GAAP financial measures) before special items including acquisition related charges, if any. Adjusted Operating Income and Adjusted Operating Margin – represent operating income and operating margin, respectively, (the most comparable GAAP financial measures) before special items including restructuring and other charges, acquisition related charges, and other income or charges, if any. We utilize these measures to assess segment level operating performance and to provide insight to management in evaluating segment operating plan execution and market conditions. Adjusted Operating Income is a significant component in our incentive compensation plans. Adjusted Other Income, Net – represents net other income (the most comparable GAAP financial measure) before special items including tax sharing income related to adjustments to prior period tax returns and other items, if any. Adjusted Income Tax Expense and Adjusted Effective Tax Rate – represent income tax expense and effective tax rate, respectively, (the most comparable GAAP financial measures) after adjusting for the tax effect of special items including restructuring and other charges, acquisition related charges, other income or charges, and certain significant tax items, if any. Adjusted Income from Continuing Operations – represents income from continuing operations (the most comparable GAAP financial measure) before special items including restructuring and other charges, acquisition related charges, tax sharing income related to adjustments to prior period tax returns and other tax items, other income or charges, and certain significant tax items, if any, and, if applicable, the related tax effects. Adjusted Earnings Per Share – represents diluted earnings per share from continuing operations (the most comparable GAAP financial measure) before special items including restructuring and other charges, acquisition related charges, tax sharing income

related to adjustments to prior period tax returns and other tax items, other income or charges, and certain significant tax items, if any, and, if applicable, the related tax effects. This measure is a significant component in our incentive compensation plans.

19 Adjusted Earnings Per Share Excluding the Impact of Changes in the Adjusted Effective Tax Rate – represents Adjusted Earnings Per Share calculated by applying the prior period Adjusted Effective Tax Rate to the current period. We believe this measure provides useful information regarding our Adjusted Earnings Per Share. Adjusted EBITDA and Adjusted EBITDA Margin - represent net income and net income as a percentage of net sales, respectively, (the most comparable GAAP financial measures) before interest expense, interest income, income taxes, depreciation, and amortization, as adjusted for net other income, income from discontinued operations, and special items including restructuring and other charges, acquisition related charges, and other income or charges, if any. Net Sales Excluding the Impact of the Additional Week, Net Sales Growth Excluding the Impact of the Additional Week, Organic Net Sales Growth Excluding the Impact of the Additional Week, Adjusted Operating Income Excluding the Impact of the Additional Week, Adjusted Operating Margin Excluding the Impact of the Additional Week, and Adjusted Earnings Per Share Excluding the Impact of the Additional Week – represent certain GAAP and non-GAAP financial measures excluding the impact of the additional week in the fourth quarter of the fiscal year for fiscal years which are 53 weeks in length. The impact of the additional week is estimated using an average weekly sales figure for the last month of the fiscal year. Free Cash Flow (FCF) – is a useful measure of our ability to generate cash. The difference between net cash provided by continuing operating activities (the most comparable GAAP financial measure) and Free Cash Flow consists mainly of significant cash outflows and inflows that we believe are useful to identify. We believe Free Cash Flow provides useful information to investors as it provides insight into the primary cash flow metric used by management to monitor and evaluate cash flows generated from our operations. Free Cash Flow is defined as net cash provided by continuing operating activities excluding voluntary pensioncontributions and the cash impact of special items, if any, minus net capital expenditures. Voluntary pension contributions are excluded from the GAAP financial measure because this activity is driven by economic financing decisions rather than operating activity. Certain special items, including net payments related to pre-separation tax matters and cash paid (collected) pursuant to collateral requirements related to cross currency swaps, are also excluded by management in evaluating Free Cash Flow. Net capital expenditures consist of capital expenditures less proceeds from the sale of property, plant, and equipment. These items are subtracted because they represent long-term commitments. In the calculation of Free Cash Flow, we subtract certain cash items that are ultimately within management’s and the Board of Directors’ discretion to direct and may imply that there is less or more cash available for our programs than the most comparable GAAP financial measure indicates. It should not be inferred that the entire Free Cash Flow amount is available for future discretionary expenditures, as our definition of Free Cash Flow does not consider certain non-discretionary expenditures, such as debt payments. In addition, we may have other discretionary expenditures, such as discretionary dividends, share repurchases, and business acquisitions, that are not considered in the calculation of Free Cash Flow. Non-GAAP Financial Measures (cont.)

20 Segment Summary Net Sales Net Sales Net Sales Net Sales Transportation Solutions 1,765 $ 1,652 $ 5,195 $ 4,767 $ Industrial Solutions 905 849 2,553 2,296 Communications Solutions 697 620 1,909 1,843 Total 3,367 $ 3,121 $ 9,657 $ 8,906 $ Operating Operating Operating Operating Operating Operating Operating Operating Income Margin Income Margin Income Margin Income Margin Transportation Solutions 328 $ 18.6% 297 $ 18.0% 971 $ 18.7% 847 $ 17.8% Industrial Solutions 98 10.8 95 11.2 251 9.8 224 9.8 Communications Solutions 110 15.8 60 9.7 273 14.3 314 17.0 Total 536 $ 15.9% 452 $ 14.5% 1,495 $ 15.5% 1,385 $ 15.6% Adjusted Adjusted Adjusted Adjusted Adjusted Adjusted Adjusted Adjusted Operating Operating Operating Operating Operating Operating Operating Operating Income (1) Margin (1) Income (1) Margin (1) Income (1) Margin (1) Income (1) Margin (1) Transportation Solutions 332 $ 18.8% 320 $ 19.4% 1,033 $ 19.9% 905 $ 19.0% Industrial Solutions 115 12.7 112 13.2 313 12.3 274 11.9 Communications Solutions 112 16.1 69 11.1 284 14.9 206 11.2 Total 559 $ 16.6% 501 $ 16.1% 1,630 $ 16.9% 1,385 $ 15.6% June 24, 2017 2016 2017 2016 (1) Adjusted operating income and adjusted operating margin are non-GAAP financial measures. See description of non-GAAP financial measures. ($ in millions) For the Quarters Ended For the Nine Months Ended June 30, June 24, June 30,

Reconciliation of Net Sales Growth – Q3 17 vs. Q3 16 21 Translation (2) Acquisitions Transportation Solutions (3) : Automotive 49 $ 3.9% 70 $ 5.6% (21) $ - $ Commercial transportation 45 20.7 50 23.1 (5) - Sensors 19 10.0 14 7.2 (4) 9 Total 113 6.8 134 8.1 (30) 9 Industrial Solutions (3) : Industrial equipment 61 15.4 40 10.2 (7) 28 Aerospace, defense, oil, and gas (5) (1.8) (2) (0.6) (3) - Energy - - 4 1.7 (4) - Total 56 6.6 42 4.9 (14) 28 Communications Solutions (3) : Data and devices 10 4.3 14 5.8 (4) - Subsea communications 48 21.5 48 21.5 - - Appliances 19 11.7 22 13.6 (3) - Total 77 12.4 84 13.5 (7) - Total 246 $ 7.9% 260 $ 8.3% (51) $ 37 $ (1) Organic net sales growth is a non-GAAP financial measure. See description of non-GAAP financial measures. (2) Represents the change in net sales resulting from changes in foreign currency exchange rates. (3) Industry end market information is presented consistently with our internal management reporting and may be periodically revised as management deems necessary. Organic Net Change in Net Sales for the Quarter Ended June 30, 2017 Sales Growth (1) ($ in millions) Sales Growth Net versus Net Sales for the Quarter Ended June 24, 2016

Reconciliation of Net Sales Growth by Region – Q3 17 vs. Q3 16 22 Translation (2) Acquisitions Americas 100 $ 9.3% 94 $ 8.8% 1 $ 5 $ EMEA 63 5.9 62 5.6 (30) 31 Asia–Pacific 83 8.5 104 10.6 (22) 1 Total 246 $ 7.9% 260 $ 8.3% (51) $ 37 $ ($ in millions) (1) Organic net sales growth is a non-GAAP financial measure. See description of non-GAAP financial measures. (2) Represents the change in net sales resulting from changes in foreign currency exchange rates. Change in Net Sales for the Quarter Ended June 30, 2017 versus Net Sales for the Quarter Ended June 24, 2016 Net Organic Net Sales Growth Sales Growth (1)

Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Quarter Ended June 30, 2017 23 Acquisition Restructuring Related and Other Tax Adjusted U.S. GAAP Charges (1) Charges, Net (1) Items (2) (Non-GAAP) (3) Operating Income: Transportation Solutions 328 $ 1 $ 3 $ - $ 332 $ Industrial Solutions 98 3 14 - 115 Communications Solutions 110 - 2 - 112 Total 536 $ 4 $ 19 $ - $ 559 $ Operating Margin 15.9% 16.6% Other Income (Expense), Net (4) $ - $ - $ 7 $ 3 $ Income Tax Expense (71) $ (1) $ (3) $ (14) $ (89) $ Effective Tax Rate 14.1% 16.7% Income from Continuing Operations 432 $ 3 $ 16 $ (7) $ 444 $ Diluted Earnings per Share from Continuing Operations 1.21 $ 0.01 $ 0.04 $ (0.02) $ 1.24 $ (3) See description of non-GAAP financial measures. (1) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect for each such jurisdiction. Adjustments ($ in millions, except per share data) (2) Income tax benefits associated with pre-separation tax matters and the related impact to other expense pursuant to the tax sharing agreement with Tyco International and Covidien.

Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Quarter Ended March 31, 2017 24 Acquisition Restructuring Related and Other Tax Adjusted U.S. GAAP Charges (1) Charges, Net (1) Items (2) (Non-GAAP) (3) Operating Income: Transportation Solutions 300 $ - $ 33 $ - $ 333 $ Industrial Solutions 86 3 19 - 108 Communications Solutions 87 - 7 - 94 Total 473 $ 3 $ 59 $ - $ 535 $ Operating Margin 14.7% 16.6% Other Expense, Net (2) $ - $ - $ - $ (2) $ Income Tax Expense (39) $ - $ (17) $ (22) $ (78) $ Effective Tax Rate 8.8% 15.4% Income from Continuing Operations 406 $ 3 $ 42 $ (22) $ 429 $ Diluted Earnings per Share from Continuing Operations 1.13 $ 0.01 $ 0.12 $ (0.06) $ 1.19 $ (1) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect for each such jurisdiction. (2) Income tax benefits associated with the tax impacts of certain intercompany transactions. (3) See description of non-GAAP financial measures. Adjustments ($ in millions, except per share data)

Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Quarter Ended June 24, 2016 25 Acquisition Restructuring Related and Other Tax Adjusted U.S. GAAP Charges (1)(2) Charges, Net (2) Items (3) (Non-GAAP) (4) Operating Income: Transportation Solutions 297 $ 2 $ 21 $ - $ 320 $ Industrial Solutions 95 16 1 - 112 Communications Solutions 60 - 9 - 69 Total 452 $ 18 $ 31 $ - $ 501 $ Operating Margin 14.5% 16.1% Other Expense, Net (651) $ - $ - $ 650 $ (1) $ Income Tax (Expense) Benefit 1,019 $ (3) $ (10) $ (1,086) $ (80) $ Effective Tax Rate 446.9% 17.0% Income from Continuing Operations 791 $ 15 $ 21 $ (436) $ 391 $ Diluted Earnings per Share from Continuing Operations 2.19 $ 0.04 $ 0.06 $ (1.21) $ 1.08 $ (1) Includes $11 million of acquisition and integration costs and $7 million of non-cash amortization associated with fair value adjustments related to acquired inventories and customer order backlog recorded in cost of sales. (2) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect for each such jurisdiction. (3) Includes $1,135 million of income tax benefits associated with the settlement of tax matters for the years 1997 through 2000 which resolved all aspects of the disputed debt matter with the IRS through the year 2007, as well as the related impact of $604 million to other expense pursuant to the tax sharing agreement with Tyco International and Covidien. Also includes income tax charges related to a $91 million increase in the valuation allowance for certain U.S. deferred tax assets; and an $83 million net income tax benefit related to tax settlements in certain other tax jurisdictions, as well as the related impact of $46 million to other expense pursuant to the tax sharing agreement with Tyco International and Covidien. (4) See description of non-GAAP financial measures. Adjustments ($ in millions, except per share data)

Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Six Months Ended March 31, 2017 26 Acquisition Restructuring Related and Other Tax Adjusted U.S. GAAP Charges (1) Charges, Net (1) Items (2) (Non-GAAP) (3) Operating Income: Transportation Solutions 643 $ 1 $ 57 $ - $ 701 $ Industrial Solutions 153 5 40 - 198 Communications Solutions 163 - 9 - 172 Total 959 $ 6 $ 106 $ - $ 1,071 $ Operating Margin 15.2% 17.0% Other Expense, Net (2) $ - $ - $ - $ (2) $ Income Tax Expense (93) $ (1) $ (30) $ (52) $ (176) $ Effective Tax Rate 10.3% 17.3% Income from Continuing Operations 812 $ 5 $ 76 $ (52) $ 841 $ Diluted Earnings per Share from Continuing Operations 2.26 $ 0.01 $ 0.21 $ (0.14) $ 2.34 $ (3) See description of non-GAAP financial measures. Adjustments ($ in millions, except per share data) (1) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect for each such jurisdiction. (2) Income tax benefits associated with the tax impacts of certain intercompany transactions and the corresponding reduction in the valuation allowance for U.S. tax loss carryforwards.

Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Nine Months Ended June 30, 2017 27 Acquisition Restructuring Related and Other Tax Adjusted U.S. GAAP Charges (1) Charges, Net (1) Items (2) (Non-GAAP) (3) Operating Income: Transportation Solutions 971 $ 2 $ 60 $ - $ 1,033 $ Industrial Solutions 251 8 54 - 313 Communications Solutions 273 - 11 - 284 Total 1,495 $ 10 $ 125 $ - $ 1,630 $ Operating Margin 15.5% 16.9% Other Income (Expense), Net (6) $ - $ - $ 7 $ 1 $ Income Tax Expense (164) $ (2) $ (33) $ (66) $ (265) $ Effective Tax Rate 11.6% 17.1% Income from Continuing Operations 1,244 $ 8 $ 92 $ (59) $ 1,285 $ Diluted Earnings per Share from Continuing Operations 3.47 $ 0.02 $ 0.26 $ (0.16) $ 3.58 $ (1) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect for each such jurisdiction. Adjustments (2) Includes income tax benefits associated with the tax impacts of certain intercompany transactions and the corresponding reduction in the valuation allowance for U.S. tax loss carryforwards. Also includes income tax benefits associated with pre-separation tax matters and the related impact to other expense pursuant to the tax sharing agreement with Tyco International and Covidien. (3) See description of non-GAAP financial measures. ($ in millions, except per share data)

Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Six Months Ended March 25, 2016 28 Restructuring Acquisition and Other Related Charges Tax Adjusted U.S. GAAP Charges (1) (Credits), Net (1)(2) Items (3) (Non-GAAP) (4) Operating Income: Transportation Solutions 550 $ 4 $ 31 $ - $ 585 $ Industrial Solutions 129 6 27 - 162 Communications Solutions 254 - (117) - 137 Total 933 $ 10 $ (59) $ - $ 884 $ Operating Margin 16.1% 15.3% Other Income, Net 20 $ - $ - $ - $ 20 $ Income Tax Expense (188) $ (3) $ 23 $ (25) $ (193) $ Effective Tax Rate 20.9% 22.7% Income from Continuing Operations 713 $ 7 $ (36) $ (25) $ 659 $ Diluted Earnings per Share from Continuing Operations 1.88 $ 0.02 $ (0.09) $ (0.07) $ 1.74 $ Adjustments ($ in millions, except per share data) (1) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect for each such jurisdiction. (2) Includes the gain on the divestiture of our Circuit Protection Devices business. (3) Includes income tax benefits related to deferred tax assets recognized in connection with the sale of the Circuit Protection Devices business. (4) See description of non-GAAP financial measures.

Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Nine Months Ended June 24, 2016 29 Restructuring Acquisition and Other Related Charges Tax Adjusted U.S. GAAP Charges (1)(2) (Credits), Net (2) Items (3) (Non-GAAP) (4) Operating Income: Transportation Solutions 847 $ 6 $ 52 $ - $ 905 $ Industrial Solutions 224 22 28 - 274 Communications Solutions 314 - (108) - 206 Total 1,385 $ 28 $ (28) $ - $ 1,385 $ Operating Margin 15.6% 15.6% Other Income (Expense), Net (631) $ - $ - $ 650 $ 19 $ Income Tax (Expense) Benefit 831 $ (6) $ 13 $ (1,111) $ (273) $ Effective Tax Rate (123.5)% 20.6% Income from Continuing Operations 1,504 $ 22 $ (15) $ (461) $ 1,050 $ Diluted Earnings per Share from Continuing Operations 4.03 $ 0.06 $ (0.04) $ (1.24) $ 2.82 $ Adjustments ($ in millions, except per share data) (1) Includes $19 million of acquisition and integration costs and $9 million of non-cash amortization associated with fair value adjustments related to acquired inventories and customer order backlog recorded in cost of sales. (2) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect for each such jurisdiction. (3) Includes $1,135 million of income tax benefits associated with the settlement of tax matters for the years 1997 through 2000 which resolved all aspects of the disputed debt matter with the IRS through the year 2007, as well as the related impact of $604 million to other expense pursuant to the tax sharing agreement with Tyco International and Covidien. Also includes income tax charges related to a $91 million increase in the valuation allowance for certain U.S. deferred tax assets; and an $83 million net income tax benefit related to tax settlements in certain other tax jurisdictions, as well as the related impact of $46 million to other expense pursuant to the tax sharing agreement with Tyco International and Covidien. (4) See description of non-GAAP financial measures.

Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Quarter Ended September 30, 2016 30 Restructuring Acquisition and Other Related Charges Adjusted U.S. GAAP Charges (1) (Credits), Net (1) (Non-GAAP) (2) Operating Income: Transportation Solutions 344 $ 3 $ (6) $ 341 $ Industrial Solutions 119 1 3 123 Communications Solutions 54 - 33 87 Total 517 $ 4 $ 30 $ 551 $ Operating Margin 15.5% 16.5% Other Expense, Net (1) $ - $ - $ (1) $ Income Tax Expense (52) $ (1) $ (15) $ (68) $ Effective Tax Rate 10.6% 13.0% Income from Continuing Operations 437 $ 3 $ 15 $ 455 $ Diluted Earnings per Share from Continuing Operations 1.22 $ 0.01 $ 0.04 $ 1.27 $ (1) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect for each such jurisdiction. (2) See description of non-GAAP financial measures. Adjustments ($ in millions, except per share data)

Impact of Additional Week for Q4 2016 31 Adjustment Adjustment Adjustment 14 Weeks Impact of 13 Weeks 14 Weeks Impact of 13 Weeks 14 Weeks Impact of 13 Weeks U.S. GAAP 14th Week (Non-GAAP) (1)(2) U.S. GAAP 14th Week (Non-GAAP) (1)(2) (Non-GAAP) (2) 14th Week (Non-GAAP) (1)(2) Net Sales: Transportation Solutions Automotive 1,311 $ (102) $ 1,209 $ 1,128 $ 16.2% (9.0)% 7.2% 15.3% (9.0)% 6.3% Commercial Transportation 215 (15) 200 190 13.2 (7.9) 5.3 12.1 (7.9) 4.2 Sensors 210 (13) 197 190 10.5 (6.8) 3.7 4.2 (6.5) (2.3) Total 1,736 (130) 1,606 1,508 15.1 (8.6) 6.5 13.4 (8.5) 4.9 Industrial Solutions Industrial Equipment 427 (32) 395 343 24.5 (9.3) 15.2 0.7 (7.8) (7.1) Aerospace, Defense, Oil, and Gas 299 (20) 279 276 8.3 (7.2) 1.1 8.0 (7.1) 0.9 Energy 193 (13) 180 173 11.6 (7.6) 4.0 13.4 (7.6) 5.8 Total 919 (65) 854 792 16.0 (8.2) 7.8 6.0 (7.5) (1.5) Communications Solutions Data and Devices 262 (21) 241 323 (18.9) (6.5) (25.4) (5.8) (7.5) (13.3) Subsea Communications 239 (11) 228 202 18.3 (5.4) 12.9 18.3 (5.2) 13.1 Appliances 176 (11) 165 159 10.7 (6.9) 3.8 10.4 (7.4) 3.0 Total 677 (43) 634 684 (1.0) (6.3) (7.3) 5.9 (6.8) (0.9) Total 3,332 $ (238) $ 3,094 $ 2,984 $ 11.7% (8.0)% 3.7% 9.8% (7.9)% 1.9% Adjustment Acquisition Restructuring Related and Other 14 Weeks Impact of 13 Weeks U.S. GAAP Charges Charges, Net (Non-GAAP) (2) 14th Week (Non-GAAP) (1)(2) Operating Income 517 $ 4 $ 30 $ 551 $ (55) $ 496 $ Operating Margin 15.5% 16.5% 16.0% Diluted Earnings per Share from Continuing Operations 1.22 $ 0.01 $ 0.04 $ 1.27 $ (0.13) $ 1.14 $ Change in Net Sales for the Quarter Ended September 30, 2016 versus Net Sales for the Quarter Ended September 25, 2015 Change in Organic Net Sales for the Quarter Ended September 30, 2016 versus Organic Net Sales for the Quarter Ended September 25, 2015 (2) For the Quarter Ended September 30, 2016 For the Quarter Ended September 25, 2015 ($ in millions) Adjustments ($ in millions, except per share data) (1) Excludes the impact of an additional week in the fourth quarter of fiscal 2016. The impact of theadditional week was estimated using an average weekly sales figure for the last month of the fiscal year. (2) See description of non-GAAP financial measures.

Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Year Ended September 30, 2016 32 Restructuring Acquisition and Other Related Charges Tax Adjusted U.S. GAAP Charges (1)(2) (Credits), Net (2) Items (3) (Non-GAAP) (4) Operating Income: Transportation Solutions 1,191 $ 9 $ 46 $ - $ 1,246 $ Industrial Solutions 343 23 31 - 397 Communications Solutions 368 - (75) - 293 Total 1,902 $ 32 $ 2 $ - $ 1,936 $ Operating Margin 15.5% 15.8% Other Income (Expense), Net (632) $ - $ - $ 650 $ 18 $ Income Tax (Expense) Benefit 779 $ (7) $ (2) $ (1,111) $ (341) $ Effective Tax Rate (67.0)% 18.5% Income from Continuing Operations 1,941 $ 25 $ - $ (461) $ 1,505 $ Diluted Earnings per Share from Continuing Operations 5.26 $ 0.07 $ - $ (1.25) $ 4.08 $ (1) Includes $22 million of acquisition and integration costs and $10 million of non-cash amortization associated with fair value adjustments related to acquired inventories and customer order backlog recorded in cost of sales. (2) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect for each such jurisdiction. (3) Includes $1,135 million of income tax benefits associated with the settlement of tax matters for the years 1997 through 2000 which resolved all aspects of the disputed debt matter with the IRS through the year 2007, as well as the related impact of $604 million to other expense pursuant to the tax sharing agreement with Tyco International and Covidien. Also includes income tax charges related to a $91 million increase in the valuation allowance for certain U.S. deferred tax assets; and an $83 million net income tax benefit related to tax settlements in certain other tax jurisdictions, as well as the related impact of $46 million to other expense pursuant to the tax sharing agreement with Tyco International and Covidien. (4) See description of non-GAAP financial measures. Adjustments ($ in millions, except per share data)

33 Impact of Additional Week for Fiscal 2016 Adjustment Adjustment Adjustment 53 Weeks Impact of 52 Weeks 53 Weeks Impact of 52 Weeks 53 Weeks Impact of 52 Weeks U.S. GAAP 53rd Week (Non-GAAP) (1)(2) U.S. GAAP 53rd Week (Non-GAAP) (1)(2) (Non-GAAP) (2) 53rd Week (Non-GAAP) (1)(2) Net Sales: Transportation Solutions Automotive 4,912 $ (102) $ 4,810 $ 4,780 $ 2.8% (2.2)% 0.6% 5.6% (2.2)% 3.4% Commercial transportation 825 (15) 810 820 0.6 (1.8) (1.2) 2.6 (1.8) 0.8 Sensors 766 (13) 753 751 2.0 (1.7) 0.3 3.1 (1.7) 1.4 Total 6,503 (130) 6,373 6,351 2.4 (2.1) 0.3 4.9 (2.1) 2.8 Industrial Solutions Industrial equipment 1,419 (32) 1,387 1,323 7.3 (2.5) 4.8 (5.2) (2.1) (7.3) Aerospace, defense, oil, and gas 1,100 (20) 1,080 1,151 (4.4) (1.8) (6.2) (3.8) (1.7) (5.5) Energy 696 (13) 683 705 (1.3) (1.8) (3.1) 3.6 (1.9) 1.7 Total 3,215 (65) 3,150 3,179 1.1 (2.0) (0.9) (2.8) (1.9) (4.7) Communications Solutions Data and devices 1,020 (21) 999 1,357 (24.8) (1.6) (26.4) (17.8) (1.7) (19.5) Subsea communications 885 (11) 874 709 24.8 (1.5) 23.3 24.8 (1.3) 23.5 Appliances 615 (11) 604 637 (3.5) (1.7) (5.2) (1.8) (1.9) (3.7) Total 2,520 (43) 2,477 2,703 (6.8) (1.6) (8.4) (1.6) (1.7) (3.3) Total 12,238 $ (238) $ 12,000 $ 12,233 $ -% (1.9)% (1.9)% 1.5% (2.0)% (0.5)% Adjustment Acquisition Restructuring Related and Other 53 Weeks Impact of 52 Weeks U.S. GAAP Charges (3) Charges, Net Tax Items (4) (Non-GAAP) (2) 53rd Week (Non-GAAP) (1)(2) Operating Income 1,902 $ 32 $ 2 $ - $ 1,936 $ (55) $ 1,881 $ Operating Margin 15.5% 15.8% 15.7% Diluted Earnings per Share from Continuing Operations 5.26 $ 0.07 $ - $ (1.25) $ 4.08 $ (0.13) $ 3.95 $ (4) Includes $1,135 million of income tax benefits associated with the settlement of tax matters for the years 1997 through 2000 which resolved all aspects of the disputed debt matter with the IRS through the year 2007, as well as the related impact of $604 million to other expense pursuant to the tax sharing agreement with Tyco International and Covidien. Also includes income tax charges related to a $91 million increase in the valuation allowance forcertain U.S. deferred tax assets; and an $83 million net income tax benefit related to tax settlements in certain other tax jurisdictions, as well as the related impact of $46 million to other expense pursuant to the tax sharing agreement with Tyco International and Covidien. ($ in millions) Adjustments ($ in millions, except per share data) (1) Excludes the impact of an additional week in the fourth quarter of fiscal 2016. The impact of the additional week was estimated using an average weekly sales figure for the last month of the fiscal year. (2) See description of non-GAAP financial measures. (3) Includes $22 million of acquisition and integration costs and $10 million of non-cash amortization associated with fair value adjustments related to acquired inventories and customer order backlog recorded in cost of sales. Change in Net Sales for Fiscal 2016 versus Net Sales for Fiscal 2015 Change in Organic Net Sales for Fiscal 2016 versus Organic Net Sales for Fiscal 2015 (2) Fiscal 2016 Fiscal 2015

Reconciliation of Gross Margin & Gross Margin Percentage 34 June 30, June 24, 2017 2016 Net Sales 3,367 $ 3,121 $ Cost of Sales 2,229 2,099 Gross Margin 1,138 1,022 Gross Margin Percentage 33.8% 32.7% Acquisition Related Charges 3 7 Adjusted Gross Margin (1) 1,141 $ 1,029 $ Adjusted Gross Margin Percentage (1) 33.9% 33.0% (1) See description of non-GAAP financial measures. For the Quarters Ended ($ in millions)

Reconciliation of Free Cash Flow 35 June 30, June 24, June 30, June 24, 2017 2016 2017 2016 Net cash provided by operating activities: Net cash provided by continuing operating activities 524 $ 715 $ 1,449 $ 1,262 $ Net cash provided by (used in) discontinued operating activities (1) 3 (1) 1 523 718 1,448 1,263 Net cash used in investing activities (241) (1,072) (538) (1,057) Net cash used in financing activities (299) (100) (791) (2,837) Effect of currency translation on cash (1) (2) (11) (4) Net increase (decrease) in cash and cash equivalents (18) $ (456) $ 108 $ (2,635) $ Net cash provided by continuing operating activities 524 $ 715 $ 1,449 $ 1,262 $ Excluding: Payments (receipts) related to pre-separation U.S. tax matters, net (15) 5 (23) 145 Payments related to income taxes on the sale of the Broadband Network Solutions business - 17 - 26 Cash paid pursuant to collateral requirements related to cross currency swaps 58 - 19 19 Capital expenditures, net (159) (148) (440) (417) Free cash flow (1) 408 $ 589 $ 1,005 $ 1,035 $ (1) Free cash flow is a non-GAAP financial measure. See description of non-GAAP financial measures. For the Quarters Ended For the Nine Months Ended (in millions)

Reconciliation of Adjusted EBITDA Margin 36 June 30, June 24, 2017 2016 Net Income 435 $ 839 $ Income from discontinued operations (3) (48) Income tax expense (benefit) 71 (1,019) Other expense, net 4 651 Interest expense 32 31 Interest (income) (3) (2) Operating Income 536 452 Acquisition related charges 4 18 Restructuring and other charges (credits), net 19 31 Adjusted Operating Income (1) 559 501 Depreciation and amortization (2) 154 146 Adjusted EBITDA (1) 713 $ 647 $ Net Sales 3,367 $ 3,121 $ Net income as a percentage of net sales 12.9% 26.9% Adjusted EBITDA margin (1) 21.2% 20.7% Transportation Industrial Communications Transportation Industrial Communications Solutions Solutions Solutions Total Solutions Solutions Solutions Total Operating Income 328 $ 98 $ 110 $ 536 $ 297 $ 95 $ 60 $ 452 $ Acquisition related charges 1 3 - 4 2 16 - 18 Restructuring and other charges, net 3 14 2 19 21 1 9 31 Adjusted Operating Income (1) 332 115 112 559 320 112 69 501 Depreciation and amortization 89 40 25 154 (2) 86 34 26 146 Adjusted EBITDA (1) 421 $ 155 $ 137 $ 713 $ 406 $ 146 $ 95 $ 647 $ Net Sales 1,765 $ 905 $ 697 $ 3,367 $ $ 1,652 $ 849 $ 620 $ 3,121 Operating margin 18.6% 10.8% 15.8% 15.9% 18.0% 11.2% 9.7% 14.5% Adjusted operating margin (1) 18.8% 12.7% 16.1% 16.6% 19.4% 13.2% 11.1% 16.1% Adjusted EBITDA margin (1) 23.9% 17.1% 19.7% 21.2% 24.6% 17.2% 15.3% 20.7% (2) Excludes non-cash amortization associated with fair value adjustments related to acquired customer order backlog of $3 million and $2 million for the quarters ended June 30, 2017 and June 24, 2016, respectively, as these charges are included in the acquisition related charges line. For the Quarters Ended (1) See description of non-GAAP financial measures. June 30, 2017 June 24, 2016 For the Quarters Ended ($ in millions) ($ in millions)

Reconciliation of Forward-Looking Non-GAAP Financial Measures to Forward-Looking GAAP Financial Measures 37 Outlook for Quarter Ending September 29, Outlook for 2017 (1) Fiscal 2017 (1) Diluted earnings per share from continuing operations (GAAP) $1.07 - $1.09 $4.54 - 4.56 Restructuring and other charges, net 0.06 0.31 Acquisition related charges 0.01 0.03 Tax items - (0.16) Adjusted diluted earnings per share from continuing operations (non-GAAP) (2) $1.14 - 1.16 $4.72 - 4.74 Net sales growth (GAAP) (5) - (1)% 5 - 6% Impact of additional week in fiscal 2016 8 2 Net sales growth excluding the impact of the additional week in fiscal 2016 (non-GAAP) (2) 3 - 7% 7 - 8% Translation - 1 (Acquisitions) divestitures, net (1) (2) Organic net sales growth excluding the impact of the additional week in fiscal 2016 (non- GAAP) (2) 2 - 6% 6 - 7% Effective tax rate (GAAP) 18.5% 13.8% Effective tax rate adjustments (3) 0.5 4.2 Adjusted effective tax rate (non-GAAP) (2) 19.0% 18.0% (3) Includes adjustments for special tax items and the tax effect of acquisition related charges and restructuring and other charges, calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect for each such jurisdiction. (1) Outlook is as of July 26,2017 (2) See description of non-GAAP financial measures.

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