Income Taxes (Tables)

3 Months Ended

Mar. 31, 2024

Reconciliation of Effective Tax Rate

A reconciliation of the United States federal statutory corporate tax rate to Teradyne’s effective tax rate was as follows:

	For the Three Months  Ended
	March 31, 2024			April 2, 2023
U.S. statutory federal tax rate		21.0	%		21.0	%
Tax credits		(3.1	)		(2.5	)
Discrete benefit related to reserves for uncertain tax positions		(3.1	)		—
International provisions of the U.S. Tax Cuts and Jobs Act of 2017		(2.2	)		(3.2	)
Foreign taxes		(2.1	)		(0.6	)
Discrete benefit related to equity compensation		(0.9	)		(3.3	)
Other, net		2.3			2.6
Effective tax rate		11.9	%		14.0	%