Company: ST
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001477294-25-000119
Chunk: 39

Company: Sensata Technologies Holding plc
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 39
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 consolidated balance sheets as of June 30, 2025 and December 31, 2024. All fair value measures presented are categorized in Level 2 of the fair value hierarchy. June 30, 2025December 31, 2024 Carrying Value(1)Fair ValueCarrying Value(1) Fair ValueLiabilities4.0% Senior Notes$1,000,000 $951,520 $1,000,000 $915,000 4.375% Senior Notes$450,000 $429,944 $450,000 $410,625 5.875% Senior Notes$500,000 $501,200 $500,000 $485,000 3.75% Senior Notes$750,000 $685,260 $750,000 $652,500 6.625% Senior Notes$500,000 $515,125 $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 determinable fair values for which we use the measurement alternative prescribed in FASB ASC Topic 321. Such investments are measured at cost, less any impairment, plus or minus changes resulting from observable price changes in orderly transactions for identical or similar investments of the same issuer. As of June 30, 2025 and December 31, 2024, we held equity investments under the measurement alternative of $7.3 million and $6.1 million, respectively, which are presented in other assets in the condensed consolidated balance sheets. 

14. Derivative Instruments and Hedging Activities 

Foreign Currency DerivativesAs of June 30, 2025, we had the following outstanding foreign currency forward contracts, which had the below hedge accounting designation in accordance with FASB ASC Topic 815, Derivatives and Hedging:Notional(in millions)Effective Date(s)Maturity Date(s)Index (Exchange Rates)Weighted-Average Strike RateHedge Designation (1)342.5 EURVarious from July 2023 to June 2025Various from July 2025 to June 2027Euro ("EUR") to USD1.11 USDCash flow hedge3,470.5 MXNVarious from July 2023 to June 2025Various from July