Company: ST
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001477294-25-000067
Chunk: 13

Company: Sensata Technologies Holding plc
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 13
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 Restructuring and other charges, netTotal, before taxes712 296 Income before taxesIncome tax effect(218)(69)Provision for income taxesTotal, net of taxes$494 $227 Net income___________________________________(1)    Refer to Note 14: Derivative Instruments and Hedging Activities for additional information regarding amounts to be reclassified from accumulated other comprehensive loss in future periods.

13

13. Fair Value Measures

Measured on a Recurring BasisThe fair values of our assets and liabilities measured at fair value on a recurring basis as of March 31, 2025 and December 31, 2024 are shown in the below table. March 31,2025December 31,2024AssetsCash equivalents (Level 1)$333,484 $243,640 Foreign currency forward contracts (Level 2)6,544 19,110 Commodity forward contracts (Level 2)3,803 1,486 Total$343,831 $264,236 LiabilitiesForeign currency forward contracts (Level 2)$19,714 $27,648 Commodity forward contracts (Level 2)256 1,262 Total$19,970 $28,910 Refer to Note 14: Derivative Instruments and Hedging Activities for additional information regarding our forward contracts. Cash equivalents consist of U.S. Government Treasury money market funds and are classified as Level 1 as they are exchange traded in an active market. Financial Instruments Not Recorded at Fair ValueThe following table presents the carrying values and fair values of financial instruments not recorded at fair value in the condensed consolidated balance sheets as of March 31, 2025 and December 31, 2024. All fair value measures presented are categorized in Level 2 of the fair value hierarchy. March 31, 2025December 31, 2024 Carrying Value(1)Fair ValueCarrying Value(1) Fair ValueLiabilities4.0% Senior Notes$1,000,000 $915,000 $1,000,000 $915,000 4.375% Senior Notes$450,000 $412,875 $450,000 $410,625 5.875% Senior Notes$500,000 $483,750 $500,000 $485,000 3.75% Senior Notes$750,000 $652,500 $750,000