Microchip Technology Announces Financial Results For Second Quarter of Fiscal Year 2024

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

 Three Months Ended September 30, Six Months Ended September 30,
  2023   2022   2023   2022 
Other expense, net, as reported$(51.4) $(56.0) $(106.2) $(110.7)
Loss on settlement of debt 3.1   2.1   12.2   8.3 
Non-cash other expense, net          0.1 
Non-GAAP other expense, net$(48.3) $(53.9) $(94.0 )   $ (102.3 )
GAAP other expense, net, as a percentage of net sales   (2.3 )%     (2.7 )%     (2.3 )%     (2.7 )%
Non-GAAP other expense, net, as a percentage of net sales   (2.1 )%     (2.6 )%     (2.1 )%     (2.5 )%
               

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