Income Taxes (Tables)

3 Months Ended

Apr. 04, 2021

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
	April 4, 2021			March 29, 2020
US statutory federal tax rate		21.0	%		21.0	%
Foreign taxes		(4.7	)		(5.7	)
International provisions of the U.S. Tax Cuts and Jobs Act of 2017		(1.5	)		(0.2	)
Tax credits		(1.3	)		(1.9	)
Discrete benefit related to equity compensation		(6.2	)		(4.1	)
Other, net		1.0			1.5
Effective tax rate		8.3	%		10.6	%