Company: ST
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001477294-25-000022
Chunk: 105

Company: Sensata Technologies Holding plc
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 105
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 higher interest expense related to the 6.625% Senior Notes, which were issued in June 2024.

Refer to Note 14: Debt of our Financial Statements included elsewhere in this Report for additional information regarding the early payment on the Term Loan.

Interest income

In the year ended December 31, 2024, interest income decreased $15.1 million compared to the prior period, primarily due to lower cash balances, as we used cash on hand to pay down debt.

Other, net

Other, net for the years ended December 31, 2024, 2023, and 2022 consisted of the following (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)202420232022Currency remeasurement gain/(loss) on net monetary assets (1)$4.0 $(20.2)$(18.2)(Loss)/gain on foreign currency forward contracts (2)(2.6)4.2 4.3 Gain/(loss) on commodity forward contracts (2)3.5 (2.8)(3.4)Loss on debt financing (3)(9.8)(5.4)(5.5)Loss on equity investments, net (4)(14.0)(0.7)(75.6)Net periodic benefit cost, excluding service cost(3.0)(3.9)(5.1)Other0.4 15.8 8.7 Other, net$(21.5)$(13.0)$(94.6)

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(1)    Relates to the remeasurement of foreign denominated monetary assets and liabilities into the functional currency.

(2)    Relates to changes in the fair value of derivative financial instruments that are not designated as hedges. Refer to Note 19: Derivative Instruments and Hedging Activities of our Financial Statements included elsewhere in this Report for additional information related to gains and losses on our commodity and foreign currency forward contracts. Refer to Item 7A: Quantitative and Qualitative Disclosures About Market Risk included elsewhere in this Report for an analysis of the sensitivity of other, net to changes in foreign currency exchange rates and commodity prices.

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(3)    Refer to Note 14: Debt of our Financial Statements included elsewhere in this Report for additional information related to our debt financing transactions.

(4