Microchip Technology Announces Record Financial Results for Second Quarter of Fiscal Year 2023


RECONCILIATION OF GAAP OTHER EXPENSE, NET TO NON-GAAP OTHER EXPENSE, NET
 
 Three Months Ended September 30, Six Months Ended September 30,
  2022   2021   2022   2021 
Other expense, net, as reported$(56.0) $(151.5) $(110.7) $(223.3)
Loss on settlement of debt 2.1   85.2   8.3   85.5 
Non-cash other expense, net    10.1   0.1   21.0 
Non-GAAP other expense, net$(53.9) $(56.2) $ (102.3 )   $ (116.8 )
Non-GAAP other expense, net, as a percentage of net sales (2.6 )%   (3.4 )%   (2.5 )%   (3.6 )%

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