Company: ST
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001477294-25-000022
Chunk: 134

Company: Sensata Technologies Holding plc
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7A
Chunk 134
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 and certain forecasted costs. We may also enter into foreign currency forward contracts that are not designated for hedge accounting purposes. Refer to Note 19: Derivative Instruments and Hedging Activities of our Financial Statements included elsewhere in this Report for additional information related to the foreign currency forward contracts outstanding as of December 31, 2024.

Sensitivity Analysis

The tables below present our foreign currency forward contracts as of December 31, 2024 and 2023 and the estimated impact to future pre-tax earnings as a result of a 10% strengthening/weakening in the foreign currency exchange rate:

(Decrease)/Increase to Future Pre-Tax Earnings Due to:(In millions)Net Asset/(Liability) Balance as of December 31, 202410% Strengthening of the Value of the Foreign Currency Relative to the U.S. Dollar10% Weakening of the Value of the Foreign Currency Relative to the U.S. DollarEuro$18.7 $(48.7)$48.7 Chinese Renminbi$(6.2)$5.9 $(5.9)Mexican Peso$(20.4)$19.8 $(19.8)British Pound Sterling$(0.7)$6.2 $(6.2)

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(Decrease)/Increase to Future Pre-Tax Earnings Due to:(In millions)Net (Liability)/Asset Balance as of December 31, 202310% Strengthening of the Value of the Foreign Currency Relative to the U.S. Dollar10% Weakening of the Value of the Foreign Currency Relative to the U.S. DollarEuro$(7.4)$(48.4)$48.4 Chinese Renminbi$(0.2)$11.4 $(11.4)Japanese Yen$0.0 $0.1 $(0.1)Korean Won$(0.0)$(2.3)$2.3 Malaysian Ringgit$0.0 $0.5 $(0.5)Mexican Peso$25.0 $26.3 $(26.3)British Pound Sterling$2.4 $7.9 $(7.9)

Commodity Risk

We are exposed to the potential change in prices associated with certain commodities used in the manufacturing of our products. We may mitigate a portion of this exposure by entering forward contracts that fix