Microchip Technology Announces Record Financial Results For Third Quarter of Fiscal Year 2023


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

 Three Months Ended December 31, Nine Months Ended December 31, 
  2022   2021   2022   2021 
Other expense, net, as reported$(49.4) $(73.5) $(160.1) $(296.8)
Loss on settlement of debt    16.1   8.3   101.6 
Non-cash other expense, net    9.2   0.1   30.2 
Gains on equity investments    (5.5)     (5.5)
Non-GAAP other expense, net $ (49.4 )   $ (53.7 )   $ (151.7 )   $ (170.5 )
GAAP other expense, net, as a percentage of net sales   (2.3 )%     (4.2 )%     (2.6 )%     (6.0 )%
Non-GAAP other expense, net, as a percentage of net sales   (2.3 )%     (3.1 )%     (2.4 )%     (3.4 )%

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