Company: ST
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001477294-25-000067
Chunk: 16

Company: Sensata Technologies Holding plc
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 16
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590 $15,717 Accrued expenses and other current liabilities$11,802 $17,018 Foreign currency forward contractsOther assets938 2,936 Other long-term liabilities2,521 4,042 Total$6,528 $18,653 $14,323 $21,060 Derivatives not designated as hedging instrumentsCommodity forward contractsPrepaid expenses and other current assets$3,226 $1,413 Accrued expenses and other current liabilities$220 $902 Commodity forward contractsOther assets577 73 Other long-term liabilities36 360 Foreign currency forward contractsPrepaid expenses and other current assets4,853 457 Accrued expenses and other current liabilities9,487 4,828 Foreign currency forward contractsOther assets393 — Other long-term liabilities1,135 1,760 Total$9,049 $1,943 $10,878 $7,850 These fair value measurements were all categorized within Level 2 of the fair value hierarchy.The following tables present the effect of our derivative financial instruments on the condensed consolidated statements of operations and the condensed consolidated statements of comprehensive income for the three months ended March 31, 2025 and 2024:Derivatives designated ashedging instrumentsAmount of Deferred (Loss)/Gain Recognized in Other Comprehensive LossLocation of Net Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Net IncomeAmount of Net Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Net Income2025202420252024Foreign currency forward contracts$(11,724)$10,965 Net revenue$5,027 $108 Foreign currency forward contracts$7,526 $8,952 Cost of revenue$(3,114)$7,354 Derivatives not designated ashedging instrumentsAmount of Gain/(Loss) Recognized in Net IncomeLocation of Gain/(Loss) Recognized in Net Income20252024Commodity forward contracts$4,419 $1,099 Other, netForeign currency forward contracts$(1,576)$680 Other, net

Credit Risk Related Contingent Features We have agreements with our derivative counterparties that contain a provision whereby if we default on our indebtedness and repayment of the indebtedness has been accelerated by the lender, then we could also be declared in default on our derivative obligations.

As of March 31, 2025, the