Microchip Technology Announces Record Financial Results for Second Quarter of Fiscal Year 2022

RECONCILIATION OF GAAP OTHER EXPENSE, NET TO NON-GAAP OTHER EXPENSE, NET

 Three Months Ended September 30, Six Months Ended September 30,
 2021 2020 2021 2020
Other expense, net, as reported$(151.5)  $(137.4)  $(223.3)  $(266.2) 
Loss on settlement of debt85.2   45.1   85.5   71.9  
Non-cash other expense, net10.1   16.8   21.0   41.4  
Gains on equity investments         (0.2) 
Non-GAAP other expense, net$(56.2)  $(75.5)  $ (116.8 )     $ (153.1 )  
Non-GAAP other expense, net, as a percentage of net sales (3.4 ) %   (5.8 ) %   (3.6 ) %   (5.8 ) %

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