Company: ST
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001477294-25-000131
Chunk: 107

Company: Sensata Technologies Holding plc
Filing Date: 2025-11-03
Form: 10-Q
Item: Item 8
Chunk 107
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 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. As of September 30, 2025, we estimate that $9.6 million of net losses will be reclassified from accumulated other comprehensive loss to earnings during the twelve-month period ending September 30, 2026. Financial Instrument PresentationThe following table presents the fair values of our derivative financial instruments and their classification in the condensed consolidated balance sheets as of September 30, 2025 and December 31, 2024: Asset DerivativesLiability Derivatives Balance Sheet LocationSeptember 30,2025December 31,2024Balance Sheet LocationSeptember 30,2025December 31,2024Derivatives designated as hedging instrumentsForeign currency forward contractsPrepaid expenses and other current assets$11,007 $15,717 Accrued expenses and other current liabilities$16,021 $17,018 Foreign currency forward contractsOther assets3,797 2,936 Other long-term liabilities3,722 4,042 Total$14,804 $18,653 $19,743 $21,060 Derivatives not designated as hedging instrumentsCommodity forward contractsPrepaid expenses and other current assets$6,837 $1,413 Accrued expenses and other current liabilities$54 $902 Commodity forward contractsOther assets2,333 73 Other long-term liabilities— 360 Foreign currency forward contractsPrepaid expenses and other current assets1,710 457 Accrued expenses and other current liabilities4,661 4,828 Foreign currency forward contractsOther assets— — Other long-term liabilities— 1,760 Total$10,880 $1,943 $4,715 $7,850 These fair value measurements were all categorized within Level 2 of the fair value hierarchy.

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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 (loss)/income for the three months ended September 30, 2025 and 2024:Derivatives designated ashedging instrumentsAmount of Deferred Gain/(Loss) Recognized in Other Comprehensive Income/(Loss)Location of Net (Loss)/Gain Reclassified from Accumulated Other Comprehensive Loss into Net (Loss)/IncomeAmount of Net (Loss)/Gain Rec