Company: ST
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001477294-25-000131
Chunk: 105

Company: Sensata Technologies Holding plc
Filing Date: 2025-11-03
Form: 10-Q
Item: Item 8
Chunk 105
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 impairment were a lower outlook within certain markets that the reporting unit operates in following recent tax legislation being enacted, and a strategic shift to focus on other markets. This revised outlook led to downward revisions of forecasted future cash flows. We evaluated the goodwill of the Dynapower reporting unit for impairment using a combination of a market-based valuation method and an income approach that discounts forecasted cash flows. As these assumptions were largely unobservable, the estimated fair values fall within Level 3 of the fair value hierarchy. A change in our cash flow forecast or the discount rate used would result in an increase or decrease in our calculated fair value. We determined that our Dynapower reporting unit was impaired, and in the third quarter of 2025, we recorded a $225.7 million non-cash impairment charge. If Dynapower does not achieve the forecasted future cash flows, there is a possibility that additional impairments of the remaining $4.1 million of goodwill may be recognized in the future. In the third quarter of 2024, we determined that our Dynapower reporting unit was impaired, and we recorded a $150.1 million non-cash impairment charge.Financial Instruments Not Recorded at Fair ValueThe following table presents the carrying values and fair values of financial instruments not recorded at fair value in the condensed consolidated balance sheets as of September 30, 2025 and December 31, 2024. All fair value measures presented are categorized in Level 2 of the fair value hierarchy. September 30, 2025December 31, 2024 Carrying Value(1)Fair ValueCarrying Value(1) Fair ValueLiabilities4.0% Senior Notes$1,000,000 $960,980 $1,000,000 $915,000 4.375% Senior Notes$450,000 $435,065 $450,000 $410,625 5.875% Senior Notes$500,000 $503,995 $500,000 $485,000 3.75% Senior Notes$750,000 $692,580 $750,000 $652,500 6.625% Senior Notes$500,000 $518,425 $500,000 $497,500 ___________________________________(1)    Excluding any related debt discounts, premiums, and deferred financing costs.In addition to the above, we hold certain equity investments that do not have readily determin