Company: ST
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001477294-25-000119
Chunk: 38

Company: Sensata Technologies Holding plc
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 38
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$(4,263)$(870)Net revenue (1)Foreign currency forward contracts 4,417 (8,485)7,531 (15,839)Cost of revenue (1)Total, before taxes5,181 (9,247)3,268 (16,709)Income before taxesIncome tax effect(1,336)2,386 (843)4,311 Provision for income taxesTotal, net of taxes$3,845 $(6,861)$2,425 $(12,398)Net incomeDefined benefit and retiree healthcare plansDefined benefit and retiree healthcare plans$19 $271 $10 $567 Other, netDefined benefit and retiree healthcare plans— — 721 — Restructuring and other charges, netTotal, before taxes19 271 731 567 Income before taxesIncome tax effect(9)(63)(227)(132)Provision for income taxesTotal, net of taxes$10 $208 $504 $435 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. 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 June 30, 2025 and December 31, 2024 are shown in the below table. June 30,2025December 31,2024AssetsCash equivalents (Level 1)$368,667 $243,640 Foreign currency forward contracts (Level 2)12,423 19,110 Commodity forward contracts (Level 2)4,288 1,486 Total$385,378 $264,236 LiabilitiesForeign currency forward contracts (Level 2)$30,333 $27,648 Commodity forward contracts (Level 2)193 1,262 Total$30,526 $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. 

15

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