Company: ST
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001477294-25-000022
Chunk: 115

Company: Sensata Technologies Holding plc
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 115
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 millions)202420232022Transaction loss/(gain), net (i)$121.9 $(1.2)$(115.4)Merger and acquisition compensation arrangements (ii)11.1 17.4 42.3 Loss on debt financing (iii)9.8 5.4 5.5 Loss/(gain) on investments (iv)14.0 (0.2)75.6 Income tax effect (v)(1.4)2.7 2.8 Total financing and other transaction costs (vi)$155.4 $24.2 $10.7 

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i.Primarily includes losses or gains related to the divestiture of a business, costs incurred, including for legal, accounting, and other professional services, that are directly related to an acquisition, divestiture, or other transaction. 

1.Fiscal year 2024 includes a loss of $98.8 million on the sale of the Insights Business.

2.Fiscal year 2022 includes gains of $135.1 million on the sale of the various assets and liabilities comprising our semiconductor test and thermal business (collectively, the "Qinex Business"). 

ii.Primarily relates to earnout compensation arrangements entered into concurrent with the closing of an acquisition and  compensation in connection with the closing of a transaction. 

iii.Fiscal year 2024 amounts relate to the redemption of the 5.0% Senior Notes. Fiscal year 2023 amounts relate to the redemption of the 5.625% Senior Notes and the prepayment on the Term Loan. Fiscal year 2022 amounts relate to the redemption of the 4.875% Senior Notes. Refer to Note 14: Debt for additional information on financing transactions.

iv.Represents mark-to-market losses or gains on our investments. In fiscal year 2022, this represents losses on our investment in Quanergy, which are presented in other, net in our consolidated statements of operations. 

v.We treat deferred taxes as a non-GAAP adjustment. Accordingly, the income tax effect of financing and transaction related and other non-GAAP adjustment refers only to the current income tax effect. 

vi.Total presented is the non-GAAP adjustment to net income. Certain portions of these adjustments are non-operating and are excluded from the non-GAAP adjustments to operating income.

(c)    In the three months ended December 31, 2024, we discontinued the use of adjustments