Company: ST
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001477294-25-000067
Chunk: 12

Company: Sensata Technologies Holding plc
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 12
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3, our Board of Directors authorized a new $500.0 million ordinary share repurchase program (the “September 2023 Program”), which became effective on October 1, 2023.In the three months ended March 31, 2025 and 2024, we repurchased 3.5 million and 0.3 million ordinary shares, respectively, for $100.5 million and $10.1 million, respectively. All share repurchases in the three months ended March 31, 2025 and 2024 were made under the September 2023 Program. As of March 31, 2025, $302.5 million remained available for repurchase under the September 2023 Program.Accumulated Other Comprehensive LossThe following table presents the components of accumulated other comprehensive loss for the three months ended March 31, 2025:Cash Flow HedgesDefined Benefit and Retiree Healthcare PlansCumulative Translation AdjustmentAccumulated Other Comprehensive LossBalance as of December 31, 2024$(7,913)$(11,690)$(22,940)$(42,543)Other comprehensive (loss)/income before reclassifications, net of tax(3,115)— 3,924 809 Reclassifications from accumulated other comprehensive loss, net of tax(1,420)494 — (926)Other comprehensive (loss)/income(4,535)494 3,924 (117)Balance as of March 31, 2025$(12,448)$(11,196)$(19,016)$(42,660)The following table presents the amounts reclassified from accumulated other comprehensive loss for the three months ended March 31, 2025 and 2024:For the three months ended March 31, Affected Line in Condensed Consolidated Statements of OperationsComponent20252024Derivative instruments designated and qualifying as cash flow hedges:Foreign currency forward contracts $(5,027)$(108)Net revenue (1)Foreign currency forward contracts 3,114 (7,354)Cost of revenue (1)Total, before taxes(1,913)(7,462)Income before taxesIncome tax effect493 1,925 Provision for income taxesTotal, net of taxes$(1,420)$(5,537)Net incomeDefined benefit and retiree healthcare plansDefined benefit and retiree healthcare plans$(9)$296 Other, netDefined benefit and retiree healthcare plans721 —