Company: ST
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001477294-25-000119
Chunk: 33

Company: Sensata Technologies Holding plc
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 33
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 30, 2025June 30, 2024Currency remeasurement gain/(loss) on net monetary assets$399 $3,398 $(60)$4,429 Loss on foreign currency forward contracts(2,519)(1,837)(4,095)(1,157)Gain on commodity forward contracts1,593 4,977 6,012 6,076 Gain/(loss) on equity investments, net (1)1,012 (1,019)1,027 (14,306)Net periodic benefit cost, excluding service cost(630)(820)(1,157)(1,661)Other1,075 (602)1,331 (828)Other, net$930 $4,097 $3,058 $(7,447)___________________________________(1)    The six months ended June 30, 2024 primarily includes a loss on an equity investment that does not have a readily determinable fair value for which we use the measurement alternative prescribed in FASB ASC Topic 321, Investments—Equity Securities. Refer to Note 13: Fair Value Measures for additional information.

7. Income Taxes

The following table presents the provision for income taxes for the three and six months ended June 30, 2025 and 2024: For the three months endedFor the six months ended June 30, 2025June 30, 2024June 30, 2025June 30, 2024Provision for income taxes$45,112 $27,280 $65,834 $49,850 The provision for income taxes consists of (1) current tax expense, which relates primarily to our profitable operations in tax jurisdictions with limited or no net operating loss carryforwards and withholding taxes related to management fees, royalties, and the repatriation of foreign earnings; and (2) deferred tax expense (or benefit), which represents adjustments in book-to-tax basis differences primarily related to (a) book versus tax basis in intangible assets, (b) changes in net operating loss carryforwards and tax credits, and (c) changes in withholding taxes on unremitted earnings. In July 2025, the U.S. enacted the One Big Beautiful Bill Act, which introduced significant changes to the federal tax code such as the permanent extension of select Tax Cuts and Jobs Act measures, updates to international tax rules, and the reinstatement of favorable