Company: ST
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001477294-25-000067
Chunk: 15

Company: Sensata Technologies Holding plc
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 15
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 designated426.0 CNYMarch 26, 2025April 30, 2025USD to Chinese Renminbi ("CNY")7.15 CNYNot designated199.3 USDVarious from March 2024 to May 2024Various from April 2025 to May 2026USD to CNY6.99 CNYNot designated1,393.8 CNYVarious September 2024Various from April 2025 to May 2026USD to CNY6.82 CNYNot designated39,416.5 KRWVarious from May 2023 to September 2024Various from April 2025 to July 2026USD to Korean Won ("KRW")1,312.27 KRWNot designated181.0 MXNMarch 27, 2025April 30, 2025USD to MXN20.45 MXNNot designated3.1 GBPMarch 27, 2025April 30, 2025GBP to USD1.29 USDNot designated___________________________________(1)    Derivative financial instruments not designated as hedges are used to manage our exposure to currency exchange rate risk. They are intended to preserve economic value, and they are not used for trading or speculative purposes. As of March 31, 2025, we estimate that $12.1 million of net losses will be reclassified from accumulated other comprehensive loss to earnings during the twelve-month period ending March 31, 2026. Commodity Risk DerivativesAs of March 31, 2025, we had the following outstanding commodity forward contracts, none of which were designated for hedge accounting treatment:CommodityNotionalRemaining Contracted PeriodsWeighted-Average Strike Price Per UnitSilver634,228 troy oz.April 2025 to February 2027$29.66Copper5,028,817 poundsApril 2025 to February 2027$4.25

15

Financial Instrument PresentationThe following table presents the fair values of our derivative financial instruments and their classification in the condensed consolidated balance sheets as of March 31, 2025 and December 31, 2024: Asset DerivativesLiability Derivatives Balance Sheet LocationMarch 31,2025December 31,2024Balance Sheet LocationMarch 31,2025December 31,2024Derivatives designated as hedging instrumentsForeign currency forward contractsPrepaid expenses and other current assets$5,