Company: ST
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001477294-25-000022
Chunk: 100

Company: Sensata Technologies Holding plc
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 100
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 dollars and as a percentage of net revenue. We have derived these results of operations from our Financial Statements. In the three months ended March 31, 2024, we realigned our business as a result of organizational changes that better allocate our resources to support changes to our business strategy. The most significant changes include combining our Automotive and HVOR businesses (with the combined business remaining in Performance Sensing) and moving the Insights Business out of Performance Sensing to a new operating segment, which is not aggregated within either of our reportable segments. We combined the Automotive and HVOR businesses to better leverage our core capabilities and prioritize product focus. We also moved certain shorter-cycle businesses from Performance Sensing to Sensing Solutions, which will benefit from organizing our predominantly shorter-cycle businesses together, by allowing us to scale core capabilities and better serve our customers. Prior year amounts in this Report have been recast to reflect this 

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realignment. Amounts and percentages in the table below have been calculated based on unrounded numbers, accordingly, certain amounts may not appear to recalculate due to the effect of rounding.

 For the year ended December 31, 202420232022AmountPercent ofNet RevenueAmountPercent ofNet RevenueAmountPercent ofNet RevenueNet revenue:Performance Sensing$2,743.6 69.8 %$2,749.9 67.8 %$2,645.2 65.7 %Sensing Solutions1,061.3 27.0 1,156.7 28.5 1,210.7 30.0 Other127.9 3.3 147.5 3.6 173.3 4.3 Total net revenue3,932.8 100.0 %4,054.1 100.0 %4,029.3 100.0 %Operating costs and expenses3,783.5 96.2 3,872.4 95.5 3,359.1 83.4 Operating income149.3 3.8 181.7 4.5 670.1 16.6 Interest expense(155.8)(4.0)(182.2)(4.5)(195.6)(4.9)Interest income16.2 0.4 31.3 0.8 16.7 0.4 Other, net(21.5