Microchip Technology Announces Financial Results for Third Quarter of Fiscal Year 2024

 
RECONCILIATION OF GAAP OTHER EXPENSE, NET TO NON-GAAP OTHER EXPENSE, NET
 Three Months Ended December 31, Nine Months Ended December 31,
  2023  2022  2023  2022
Other expense, net, as reported$        (45.1) $        (49.4) $        (151.3) $        (160.1)
Loss on settlement of debt         —           —           12.2           8.3 
Non-cash other expense, net         —           —           —           0.1 
Non-GAAP other expense, net$        (45.1) $        (49.4) $        (139.1) $        (151.7)
GAAP other expense, net, as a percentage of net sales (2.6 )%     (2.3 )%     (2.4 )%     (2.6 )%
Non-GAAP other expense, net, as a percentage of net sales   (2.6 )%     (2.3 )%     (2.2 )%     (2.4 )%



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