Company: ST
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001477294-25-000119
Chunk: 42

Company: Sensata Technologies Holding plc
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 42
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)$(1,837)Other, net

17

The following tables present the effect of our derivative financial instruments on the condensed consolidated statements of operations and the condensed consolidated statements of comprehensive income for the six months ended June 30, 2025 and 2024:Derivatives designated ashedging instrumentsAmount of Deferred (Loss)/Gain Recognized in Other Comprehensive Income/(Loss)Location of Net Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Net IncomeAmount of Net Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Net Income2025202420252024Foreign currency forward contracts$(39,084)$16,640 Net revenue$4,263 $870 Foreign currency forward contracts$26,654 $(7,455)Cost of revenue$(7,531)$15,839 Derivatives not designated ashedging instrumentsAmount of Gain/(Loss) Recognized in Net IncomeLocation of Gain/(Loss) Recognized in Net Income20252024Commodity forward contracts$6,012 $6,076 Other, netForeign currency forward contracts$(4,095)$(1,157)Other, net

Credit Risk Related Contingent Features We have agreements with our derivative counterparties that contain a provision whereby if we default on our indebtedness and repayment of the indebtedness has been accelerated by the lender, then we could also be declared in default on our derivative obligations.

As of June 30, 2025, the termination value of outstanding derivatives in a liability position, excluding any adjustment for non-performance risk, was $33.0 million. As of June 30, 2025, we had not posted any cash collateral related to these agreements. If we breach any of the default provisions on any of our indebtedness as described above, we could be required to settle our obligations under the derivative agreements at their termination values. 

15. Segment Reporting

We present financial information for two reportable segments, Performance Sensing and Sensing Solutions. Our segments are businesses that we manage as components of an enterprise, for which separate financial information is evaluated regularly by our chief operating decision maker ("CODM"), who is our chief executive officer, in deciding how to allocate resources and assess performance. A segment’s performance is primarily evaluated based on segment operating income, which excludes amortization of intangible assets, impairment of goodwill and other intangible assets, restructuring charges, and certain corporate costs or credits not associated with the operations of the segment.  Corporate and