v3.26.1

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 27, 2026	Sep. 26, 2025
Current assets:
Cash and cash equivalents	$ 1,110	$ 1,255
Accounts receivable, net of allowance for doubtful accounts of $52 and $44, respectively	3,454	3,403
Inventories	2,995	2,699
Prepaid expenses and other current assets	682	609
Total current assets	8,241	7,966
Property, plant, and equipment, net	4,473	4,312
Goodwill	7,437	7,126
Intangible assets, net	2,145	2,227
Deferred income taxes	2,337	2,507
Other assets	1,046	943
Total assets	25,679	25,081
Current liabilities:
Short-term debt	102	852
Accounts payable	2,224	2,021
Accrued and other current liabilities	2,039	2,247
Total current liabilities	4,365	5,120
Long-term debt	5,553	4,842
Long-term pension and postretirement liabilities	750	767
Deferred income taxes	198	198
Income taxes	306	414
Other liabilities	1,125	1,010
Total liabilities	12,297	12,351
Commitments and contingencies (Note 9)
Redeemable noncontrolling interests	148	145
Shareholders' equity:
Preferred shares, $1.00 par value, 2 shares authorized, none outstanding
Ordinary shares	3	3
Accumulated earnings	13,900	13,932
Ordinary shares held in treasury, at cost, 3,632,502 and 8,330,931 shares, respectively	(818)	(1,356)
Accumulated other comprehensive income	149	6
Total shareholders' equity	13,234	12,585
Total liabilities, redeemable noncontrolling interests, and shareholders' equity	25,679	25,081
Ordinary class A
Shareholders' equity:
Ordinary shares

Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all domestic and foreign income tax obligations due beyond one year or the operating cycle, whichever is longer. Also, the amount recognized for uncertainty in income taxes classified as noncurrent.

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TE Connectivity plc 10-Q