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Cover and table of contents

10-K 1 a2237090z10-k.htm 10-K

Use these links to rapidly review the document TE CONNECTIVITY LTD. TABLE OF CONTENTS TE CONNECTIVITY LTD. INDEX TO CONSOLIDATED FINANCIAL STATEMENTS

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION **Washington, D.C. 20549

FORM 10-K

(Mark One)
ýANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended September 28, 2018
or
oTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

001-33260 (Commission File Number)

LOGO

**TE CONNECTIVITY LTD. **(Exact name of registrant as specified in its charter)

Switzerland (Jurisdiction of Incorporation)98-0518048 (IRS Employer Identification No.)

Rheinstrasse 20, CH-8200 Schaffhausen, Switzerland (Address of principal executive offices)

+41 (0)52 633 66 61 (Registrant's telephone number)

Securities registered pursuant to Section 12(b) of the Act:

Title of each className of each exchange on which registered
Common Shares, Par Value CHF 0.57New York Stock Exchange

Securities registered pursuant to Section 12(g) of the Act: None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ý No o

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yes o No ý

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ý No o

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ý No o

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. ý

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act:

Large accelerated filer ýAccelerated filer oNon-accelerated filer oSmaller reporting company oEmerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes o No ý

The aggregate market value of the registrant's common shares held by non-affiliates of the registrant was $36.3 billion as of March 30, 2018, the last business day of the registrant's most recently completed second fiscal quarter. Directors and executive officers of the registrant are considered affiliates for purposes of this calculation but should not necessarily be deemed affiliates for any other purpose.

The number of common shares outstanding as of November 8, 2018 was 343,034,000.

DOCUMENTS INCORPORATED BY REFERENCE

Portions of the registrant's Proxy Statement to be filed in connection with the registrant's 2019 annual general meeting of shareholders are incorporated by reference into Part III of this Form 10-K.

**TE CONNECTIVITY LTD. TABLE OF CONTENTS **

Page
Part I
Item 1. Business1
Item 1A. Risk Factors7
Item 2. Properties20
Item 3. Legal Proceedings20
Part II
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities21
Item 6. Selected Financial Data23
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations24
Item 7A. Quantitative and Qualitative Disclosures About Market Risk45
Item 8. Financial Statements and Supplementary Data46
Item 9A. Controls and Procedures46
Part III
Item 10. Directors, Executive Officers and Corporate Governance48
Item 11. Executive Compensation48
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters48
Item 13. Certain Relationships and Related Transactions, and Director Independence49
Item 14. Principal Accountant Fees and Services49
Part IV
Item 15. Exhibits and Financial Statement Schedules50
Signatures56
Index to Consolidated Financial Statements58

i

**SPECIAL NOTE ABOUT FORWARD-LOOKING STATEMENTS **

We have made forward-looking statements in this Annual Report that are based on our management's beliefs and assumptions and on information currently available to our management. Forward-looking statements include, among others, the information concerning our possible or assumed future results of operations, business strategies, financing plans, competitive position, potential growth opportunities, potential operating performance improvements, acquisitions, divestitures, the effects of competition, and the effects of future legislation or regulations. Forward-looking statements include all statements that are not historical facts and can be identified by the use of forward-looking terminology such as the words "believe," "expect," "plan," "intend," "anticipate," "estimate," "predict," "potential," "continue," "may," "should," or the negative of these terms or similar expressions.

Forward-looking statements involve risks, uncertainties, and assumptions. Actual results may differ materially from those expressed in these forward-looking statements. Investors should not place undue reliance on any forward-looking statements. We do not have any intention or obligation to update forward-looking statements after we file this report except as required by law.

The risk factors discussed in "Risk Factors" and other risks described in this Annual Report could cause our results to differ materially from those expressed in forward-looking statements. There may be other risks and uncertainties that we are unable to predict at this time or that we currently do not expect to have a material adverse effect on our business.

ii

**PART I **

"TE Connectivity" and "TE Connectivity (logo)" are trademarks. This report further contains other trademarks of ours and additional trade names and trademarks of other companies that are not owned by TE Connectivity. We do not intend our use or display of other companies' trade names or trademarks to imply an endorsement or sponsorship of us by such companies, or any relationship with any of these companies.

© 2018 TE Connectivity Ltd. All Rights Reserved.

Next: Item 1. BUSINESS