Company: ST
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001477294-25-000119
Chunk: 96

Company: Sensata Technologies Holding plc
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 8
Chunk 96
---
 2024Various from July 2025 to May 2026USD to CNY6.80 CNYNot designated27,819.0 KRWVarious from August 2023 to September 2024Various from July 2025 to July 2026USD to Korean Won ("KRW")1,312.75 KRWNot designated111.2 MXNJune 26, 2025July 31, 2025USD to MXN18.95 MXNNot designated___________________________________(1)    Derivative financial instruments not designated as hedges are used to manage our exposure to currency exchange rate risk. They are intended to preserve economic value, and they are not used for trading or speculative purposes. 

16

As of June 30, 2025, we estimate that $17.7 million of net losses will be reclassified from accumulated other comprehensive loss to earnings during the twelve-month period ending June 30, 2026. Commodity Risk DerivativesAs of June 30, 2025, we had the following outstanding commodity forward contracts, none of which were designated for hedge accounting treatment:CommodityNotionalRemaining Contracted PeriodsWeighted-Average Strike Price Per UnitSilver649,527 troy oz.July 2025 to June 2027$31.53Copper5,131,320 poundsJuly 2025 to June 2027$4.30Financial Instrument PresentationThe following table presents the fair values of our derivative financial instruments and their classification in the condensed consolidated balance sheets as of June 30, 2025 and December 31, 2024: Asset DerivativesLiability Derivatives Balance Sheet LocationJune 30,2025December 31,2024Balance Sheet LocationJune 30,2025December 31,2024Derivatives designated as hedging instrumentsForeign currency forward contractsPrepaid expenses and other current assets$8,252 $15,717 Accrued expenses and other current liabilities$19,757 $17,018 Foreign currency forward contractsOther assets4,162 2,936 Other long-term liabilities6,481 4,042 Total$12,414 $18,653 $26,238 $21,060 Derivatives not designated as hedging instrumentsCommodity forward contractsPrepaid expenses and other current assets$3,432 $1,413 Accrued expenses and other current liabilities$174