Company: ST
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001477294-25-000022
Chunk: 113

Company: Sensata Technologies Holding plc
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 113
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Reported (GAAP)$670.1 16.6 %$86.0 $310.7 $1.99 Non-GAAP adjustments:Restructuring related and other (a)36.5 0.9 (3.5)34.5 0.22 Financing and other transaction costs (b)(75.6)(1.9)2.8 10.7 0.07 Amortization of intangible assets (c)148.3 3.7 — 148.3 0.95 Deferred (gain)/loss on derivative instruments (1.5)0.0 (0.4)1.5 0.01 Amortization of debt issuance costs — — — 7.0 0.04 Deferred taxes and other tax related (d)— — 17.8 17.8 0.11 Total adjustments107.7 2.7 16.7 219.8 1.41 Adjusted (non-GAAP)$777.9 19.3 %$69.3 $530.5 $3.40 

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(a)    The following table presents the components of our restructuring related and other non-GAAP adjustment to net income for fiscal years 2024, 2023, and 2022 (amounts 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,(In millions)202420232022Business and corporate repositioning (i)$171.3 $77.6 $27.2 Other (ii)150.1 333.8 10.8 Income tax effect (iii)(5.1)(3.7)(3.5)Total non-GAAP restructuring related and other (iv)$316.4 $407.8 $34.5 

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i.Primarily includes charges related to repositioning our business and corporate functions to more effectively respond to the challenges that face the business. 

1.Fiscal year 2024 included (1) certain actions related to restructuring of our IT operations and product lifecycle management including product line discontinuations within the Sensing Solutions segment, resulting in total costs of $46.7 million, including severance, contract termination costs, and charges related to asset write