8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 17, 2012

TE CONNECTIVITY LTD.

(Exact Name of Registrant as Specified in its Charter)

Switzerland	98-0518048
(Jurisdiction of Incorporation)	(IRS Employer Identification Number)

001-33260

(Commission File Number)

Rheinstrasse 20

CH-8200 Schaffhausen

Switzerland

(Address of Principal Executive Offices, including Zip Code)

+41 (0)52 633 66 61

(Registrant’s Telephone Number, including Area Code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02.  Results of Operations and Financial Condition

The information disclosed in Item 7.01 of this Current Report on Form 8-K is furnished and incorporated by reference in this Item 2.02. The financial information referred to therein is furnished as Exhibit 99.1, Exhibit 99.2, and Exhibit 99.3 to this report and incorporated by reference in this Item 2.02.

Item 7.01.  Regulation FD Disclosure

Effective for the first quarter of fiscal 2013, TE Connectivity Ltd. (the “Company”) reorganized its management and segments to better align the organization around the Company’s strategy. The Company’s businesses in the former Communications and Industrial Solutions segment have been moved into other segments. Also, the Aerospace, Defense, and Marine and Energy businesses, formerly included in the Transportation Solutions and Network Solutions segments, respectively, have been moved to the newly created Industrial Solutions segment. The following represents the new segment structure:

·Transportation Solutions — This segment consists of the Automotive business.

·Network Solutions — The Telecom Networks, Data Communications, Enterprise Networks, and Subsea Communications businesses are presented in this segment.

·Industrial Solutions — This segment contains the Industrial, Aerospace, Defense, and Marine, and Energy businesses.

·Consumer Solutions — The Consumer Devices and Appliances businesses are included in this segment.

The Company has reclassified prior period segment results to reflect the new segment reporting structure.

The unaudited financial information furnished with this report and incorporated by reference includes the consolidated segment results, consolidated net sales by industry end market, and consolidated adjusted operating income by segment of the Company for the fiscal quarters ended September 28, 2012, June 29, 2012, March 30, 2012, December 30, 2011, September 30, 2011, June 24, 2011, March 25, 2011, and December 24, 2010, and for the fiscal years ended September 28, 2012 and September 30, 2011, along with the reconciliation of non-GAAP financial measures to GAAP financial measures for adjusted operating income by segment.

Non -GAAP Measure

The Company presents operating income before special items including charges or income related to restructuring and other charges, acquisition related charges, impairment charges, and other income or charges, if any (“Adjusted Operating Income”). The Company utilizes Adjusted Operating Income to assess segment level core operating performance and to provide insight to management in evaluating segment operating plan execution and underlying market conditions. It also is a significant component in the Company’s incentive compensation plans. Adjusted Operating Income is a useful measure for investors because it provides insight into the Company’s underlying operating results, trends, and the comparability of these results between periods. The difference between Adjusted Operating Income and operating income (the most comparable GAAP measure) consists of the impact of charges or income related to restructuring and other charges, acquisition related charges, impairment charges, and other income or charges, if any, that may mask the underlying operating results and/or business trends. The limitation of this measure is that it excludes the financial impact of items that would otherwise either increase or decrease the Company’s reported operating income. This limitation is best addressed by using Adjusted Operating Income in combination with operating income (the most comparable GAAP measure) in order to better understand the amounts, character and impact of any increase or decrease on reported results.

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Item 9.01.  Financial Statements and Exhibits

(d)        Exhibits

Exhibit No.	Description
99.1	Consolidated Segment Results of TE Connectivity Ltd. for the fiscal quarters ended September 28, 2012, June 29, 2012, March 30, 2012, December 30, 2011, September 30, 2011, June 24, 2011, March 25, 2011, and December 24, 2010, and for the fiscal years ended September 28, 2012 and September 30, 2011 (Unaudited)
99.2	Consolidated Net Sales by Industry End Market of TE Connectivity Ltd. for the fiscal quarters ended September 28, 2012, June 29, 2012, March 30, 2012, December 30, 2011, September 30, 2011, June 24, 2011, March 25, 2011, and December 24, 2010, and for the fiscal years ended September 28, 2012 and September 30, 2011 (Unaudited)
99.3	Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for Consolidated Adjusted Operating Income by Segment of TE Connectivity Ltd. for the fiscal quarters ended September 28, 2012, June 29, 2012, March 30, 2012, December 30, 2011, September 30, 2011, June 24, 2011, March 25, 2011, and December 24, 2010, and for the fiscal years ended September 28, 2012 and September 30, 2011 (Unaudited)

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

TE CONNECTIVITY LTD.
(Registrant)
By:	/s/ Robert W. Hau
	Robert W. Hau
	Executive Vice President and Chief Financial Officer

Date: December 17, 2012

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EX-99.1

Exhibit 99.1

TE CONNECTIVITY LTD.

CONSOLIDATED SEGMENT RESULTS (UNAUDITED)

	For the Quarters Ended																For the Years Ended
	September 28,		June 29,		March 30,		December 30,		September 30,		June 24,		March 25,		December 24,		September 28,		September 30,
	2012		2012		2012		2011		2011		2011		2011		2010		2012		2011
	(in millions)
Net Sales:
Transportation Solutions	$	1,279	$	1,344	$	1,274	$	1,231	$	1,336	$	1,236	$	1,190	$	1,150	$	5,128	$	4,912
Network Solutions	838		855		815		802		1,014		1,014		930		713		3,310		3,671
Industrial Solutions	777		814		711		685		858		818		736		732		2,987		3,144
Consumer Solutions	470		486		449		452		545		511		483		512		1,857		2,051
Total	$	3,364	$	3,499	$	3,249	$	3,170	$	3,753	$	3,579	$	3,339	$	3,107	$	13,282	$	13,778
Operating Income:
Transportation Solutions	$	196	$	178	$	196	$	184	$	209	$	182	$	175	$	163	$	754	$	729
Network Solutions	71		64		53		59		102		117		45		36		247		300
Industrial Solutions	97		87		104		90		113		125		128		111		378		477
Consumer Solutions	37		42		32		28		21		36		44		80		139		181
Total	$	401	$	371	$	385	$	361	$	445	$	460	$	392	$	390	$	1,518	$	1,687

EX-99.2

Exhibit 99.2

TE CONNECTIVITY LTD.

CONSOLIDATED NET SALES (UNAUDITED)

	For the Quarters Ended																For the Years Ended
	September 28,		June 29,		March 30,		December 30,		September 30,		June 24,		March 25,		December 24,		September 28,		September 30,
Segment and Industry End Markets	2012		2012		2012		2011		2011		2011		2011		2010		2012		2011
	(in millions)
Net Sales:
Transportation Solutions:
Automotive	$	1,279	$	1,344	$	1,274	$	1,231	$	1,336	$	1,236	$	1,190	$	1,150	$	5,128	$	4,912
Total	1,279		1,344		1,274		1,231		1,336		1,236		1,190		1,150		5,128		4,912
Network Solutions:
Telecom Networks	342		346		319		301		413		414		352		188		1,308		1,367
Data Communications	224		229		210		210		271		276		257		263		873		1,067
Enterprise Networks	162		163		164		160		188		178		172		119		649		657
Subsea Communications	110		117		122		131		142		146		149		143		480		580
Total	838		855		815		802		1,014		1,014		930		713		3,310		3,671
Industrial Solutions:
Industrial	307		338		322		317		416		406		378		370		1,284		1,570
Aerospace, Defense, and Marine	257		259		181		171		196		186		163		156		868		701
Energy	213		217		208		197		246		226		195		206		835		873
Total	777		814		711		685		858		818		736		732		2,987		3,144
Consumer Solutions:
Consumer Devices	295		284		259		281		330		295		281		311		1,119		1,217
Appliances	175		202		190		171		215		216		202		201		738		834
Total	470		486		449		452		545		511		483		512		1,857		2,051
Total	$	3,364	$	3,499	$	3,249	$	3,170	$	3,753	$	3,579	$	3,339	$	3,107	$	13,282	$	13,778

EX-99.3

Exhibit 99.3

TE CONNECTIVITY LTD.

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES

For the Quarter Ended September 28, 2012

(UNAUDITED)

			Adjustments
			Acquisition		Restructuring
			Related		and Other		Adjusted
	U.S. GAAP		Charges (1)		Charges, Net		(Non-GAAP) (2)
	(in millions)
Operating Income:
Transportation Solutions	$	196	$	5	$	5	$	206
Network Solutions	71		—		11		82
Industrial Solutions	97		9		14		120
Consumer Solutions	37		—		9		46
Total	$	401	$	14	$	39	$	454

(1) Includes $7 million of non-cash amortization associated with acquisition-related adjustments recorded in cost of sales, $4 million of acquisition and integration costs, and $3 million of restructuring charges.

(2) See description of non-GAAP measures contained in this Form 8-K.

TE CONNECTIVITY LTD.

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES

For the Quarter Ended June 29, 2012

(UNAUDITED)

			Adjustments
			Acquisition		Restructuring
			Related		and Other		Adjusted
	U.S. GAAP		Charges (1)		Charges, Net		(Non-GAAP) (2)
	(in millions)
Operating Income:
Transportation Solutions	$	178	$	57	$	3	$	238
Network Solutions	64		—		18		82
Industrial Solutions	87		37		—		124
Consumer Solutions	42		—		4		46
Total	$	371	$	94	$	25	$	490

(1) Includes $68 million of non-cash amortization associated with fair value adjustments primarily related to acquired inventories and customer order backlog recorded in cost of sales, $15 million of acquisition and integration costs, and $11 million of restructuring charges.

(2) See description of non-GAAP measures contained in this Form 8-K.

TE CONNECTIVITY LTD.

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES

For the Quarter Ended March 30, 2012

(UNAUDITED)

			Adjustments
			Acquisition		Restructuring
			Related		and Other		Adjusted
	U.S. GAAP		Charges		Charges, Net		(Non-GAAP) (1)
	(in millions)
Operating Income:
Transportation Solutions	$	196	$	3	$	—	$	199
Network Solutions	53		—		24		77
Industrial Solutions	104		1		1		106
Consumer Solutions	32		—		7		39
Total	$	385	$	4	$	32	$	421

(1) See description of non-GAAP measures contained in this Form 8-K.

TE CONNECTIVITY LTD.

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES

For the Quarter Ended December 30, 2011

(UNAUDITED)

			Adjustments
			Acquisition		Restructuring
			Related		and Other		Adjusted
	U.S. GAAP		Charges		Charges, Net		(Non-GAAP) (1)
	(in millions)
Operating Income:
Transportation Solutions	$	184	$	2	$	1	$	187
Network Solutions	59		—		6		65
Industrial Solutions	90		2		8		100
Consumer Solutions	28		—		3		31
Total	$	361	$	4	$	18	$	383

(1) See description of non-GAAP measures contained in this Form 8-K.

TE CONNECTIVITY LTD.

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES

For the Quarter Ended September 30, 2011

(UNAUDITED)

			Adjustments
			Acquisition		Restructuring
			Related		and Other			Adjusted
	U.S. GAAP		Charges (1)		Charges, Net			(Non-GAAP) (2)
	(in millions)
Operating Income:
Transportation Solutions	$	209	$	—	$	(2	)	$	207
Network Solutions	102		23		5			130
Industrial Solutions	113		—		22			135
Consumer Solutions	21		—		31			52
Total	$	445	$	23	$	56		$	524

(1) Includes $22 million of restructuring charges and $1 million of non-cash amortization associated with acquisition-related adjustments recorded in cost of sales.

(2) See description of non-GAAP measures contained in this Form 8-K.

TE CONNECTIVITY LTD.

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES

For the Quarter Ended June 24, 2011

(UNAUDITED)

			Adjustments
			Acquisition		Restructuring
			Related		and Other			Adjusted
	U.S. GAAP		Charges (1)		Charges, Net			(Non-GAAP) (2)
	(in millions)
Operating Income:
Transportation Solutions	$	182	$	—	$	(12	)	$	170
Network Solutions	117		10		4			131
Industrial Solutions	125		—		6			131
Consumer Solutions	36		—		3			39
Total	$	460	$	10	$	1		$	471

(1) Includes $7 million of restructuring charges, $2 million of non-cash amortization associated with acquisition-related adjustments recorded in cost of sales, and $1 million of acquisition and integration costs.

(2) See description of non-GAAP measures contained in this Form 8-K.

TE CONNECTIVITY LTD.

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES

For the Quarter Ended March 25, 2011

(UNAUDITED)

			Adjustments
			Acquisition		Restructuring
			Related		and Other			Adjusted
	U.S. GAAP		Charges (1)		Charges, Net			(Non-GAAP) (2)
	(in millions)
Operating Income:
Transportation Solutions	$	175	$	—	$	—		$	175
Network Solutions	45		46		1			92
Industrial Solutions	128		—		(6		)	122
Consumer Solutions	44		—		—			44
Total	$	392	$	46	$	(5	)	$	433

(1) Includes $29 million of non-cash amortization associated with fair value adjustments primarily related to acquired inventories and customer order backlog recorded in cost of sales, $16 million of restructuring charges, and $1 million of acquisition and integration costs.

(2) See description of non-GAAP measures contained in this Form 8-K.

TE CONNECTIVITY LTD.

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES

For the Quarter Ended December 24, 2010

(UNAUDITED)

			Adjustments
			Acquisition		Restructuring
			Related		and Other		Adjusted
	U.S. GAAP		Charges (1)		Charges, Net		(Non-GAAP) (2)
	(in millions)
Operating Income:
Transportation Solutions	$	163	$	—	$	1	$	164
Network Solutions	36		59		—		95
Industrial Solutions	111		—		2		113
Consumer Solutions	80		—		1		81
Total	$	390	$	59	$	4	$	453

(1) Includes $35 million of restructuring charges, $17 million of acquisition and integration costs, and $7 million of non-cash amortization associated with fair value adjustments to acquired inventories and customer order backlog recorded in cost of sales.

(2) See description of non-GAAP measures contained in this Form 8-K.

TE CONNECTIVITY LTD.

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES

For the Year Ended September 28, 2012

(UNAUDITED)

			Adjustments
			Acquisition		Restructuring
			Related		and Other		Adjusted
	U.S. GAAP		Charges (1)		Charges, Net		(Non-GAAP) (2)
	(in millions)
Operating Income:
Transportation Solutions	$	754	$	67	$	9	$	830
Network Solutions	247		—		59		306
Industrial Solutions	378		49		23		450
Consumer Solutions	139		—		23		162
Total	$	1,518	$	116	$	114	$	1,748

(1) Includes $75 million of non-cash amortization associated with fair value adjustments primarily related to acquired inventories and customer order backlog recorded in cost of sales, $27 million of acquisition and integration costs, and $14 million of restructuring charges.

(2) See description of non-GAAP measures contained in this Form 8-K.

TE CONNECTIVITY LTD.

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES

For the Year Ended September 30, 2011

(UNAUDITED)

			Adjustments
			Acquisition		Restructuring
			Related		and Other			Adjusted
	U.S. GAAP		Charges (1)		Charges, Net			(Non-GAAP) (2)
	(in millions)
Operating Income:
Transportation Solutions	$	729	$	—	$	(13	)	$	716
Network Solutions	300		138		10			448
Industrial Solutions	477		—		24			501
Consumer Solutions	181		—		35			216
Total	$	1,687	$	138	$	56		$	1,881

(1) Includes $80 million of restructuring charges, $39 million of non-cash amortization associated with fair value adjustments primarily related to acquired inventories and customer order backlog recorded in cost of sales, and $19 million of acquisition and integration costs.

(2) See description of non-GAAP measures contained in this Form 8-K.