Company: ST
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001477294-25-000067
Chunk: 85

Company: Sensata Technologies Holding plc
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 85
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 in the normal course of business. Our earnings are not considered to be permanently reinvested in certain jurisdictions in which they were earned. We recognize a deferred tax liability on these unremitted earnings to the extent the remittance of such earnings cannot be recovered in a tax-free manner. 

In certain jurisdictions, our cash balances are subject to withholding taxes immediately upon withdrawal of funds to a different jurisdiction. In addition, in order to take advantage of incentive programs offered by various jurisdictions, including tax incentives, we are required to maintain minimum cash balances in these jurisdictions. The transfer of cash from these jurisdictions could result in loss of incentives or higher cash tax expense, but those impacts are not expected to be material.

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Our cash and cash equivalents balances are held in the following significant currencies (amounts in the tables below have been calculated based on unrounded numbers, accordingly, certain amounts may not appear to recalculate due to the effect of rounding):

As of March 31, 2025(In millions)United States Dollar ("USD")Euro ("EUR")British Pound Sterling ("GBP")Chinese Renminbi ("CNY")OtherUnited Kingdom$0.2 €0.0 £4.6 ¥— United States3.3 0.0 — — The Netherlands346.9 10.1 0.4 — China77.9 — — 610.1 Other42.2 1.4 — — Total$470.5 €11.5 £5.0 ¥610.1 USD Equivalent$12.4 $6.5 $84.0 $14.7 

As of December 31, 2024(In millions)USDEURGBPCNYOtherUnited Kingdom$0.1 €0.0 £3.1 ¥— United States6.9 0.0 0.0 — The Netherlands247.8 7.4 0.5 — China73.1 — — 1,453.6 Other41.3 2.3 — — Total$369.2 €9.7 £3.6 ¥1,453.6 USD Equivalent$10.1 $4.5 $199.2 $10.7 

Cash Flows:

The table below summarizes our primary sources and uses of cash for the three months ended March