Microchip Technology Announces Record Financial Results for Fourth Quarter and Fiscal Year 2022

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

 Three Months Ended March 31, Twelve Months Ended March 31,
  2022   2021   2022   2021 
Other expense, net, as reported$(70.3) $(163.6) $(367.1) $(658.6)
Loss on settlement of debt 11.8   85.6   113.4   299.6 
Non-cash other expense, net 8.4   12.0   38.6   66.6 
Gains on equity investments       (5.5)  (0.2)
Non-GAAP other expense, net $ (50.1 )   $ (66.0 )   $ (220.6 )   $ (292.6 )
Non-GAAP other expense, net, as a percentage of net sales (2.7 )%   (4.5 )%   (3.2 )%   (5.4 )%

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