Income Taxes (Tables)

6 Months Ended

Jul. 03, 2022

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						For the Six Months Ended
	July 3, 2022			July 4, 2021			July 3, 2022			July 4, 2021
U.S. statutory federal tax rate		21.0	%		21.0	%		21.0	%		21.0	%
Non-deductible officers’ compensation		1.4			0.8			1.3			0.8
Foreign taxes		(3.2	)		(4.3	)		(3.3	)		(4.5	)
Tax credits		(2.0	)		(1.2	)		(1.8	)		(1.2	)
International provisions of the U.S. Tax Cuts and Jobs Act of 2017		(1.0	)		(1.7	)		(1.2	)		(1.6	)
Discrete benefit related to equity compensation		(0.2	)		(0.2	)		(2.9	)		(2.4	)
Other, net		1.1			0.1			1.0			0.1
Effective tax rate		17.1	%		14.5	%		14.1	%		12.2	%