Company: ST
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001477294-25-000119
Chunk: 88

Company: Sensata Technologies Holding plc
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 8
Chunk 88
---
 compensation to previous owners of companies we have acquired. Payment is generally tied to technical and/or financial targets set at the time of acquisition.

10

The following table presents a rollforward of our severance liability, which is primarily related to the 2H 2024 Plan, for the six months ended June 30, 2025: TotalBalance as of December 31, 20246,087 Charges, net of reversals1,958 Payments(4,308)Foreign currency remeasurement265 Balance as of June 30, 2025$4,002 The severance liability as of June 30, 2025 and December 31, 2024 was entirely recorded in accrued expenses and other current liabilities on our condensed consolidated balance sheets.Other

In the three months ended June 30, 2024, we initiated certain actions related to restructuring of our IT operations and product lifecycle management including product line discontinuations, which, for the three and six months ended June 30, 2024, resulted in total costs of $15.9 million, including severance, contract termination costs, and inventory charges. Of the costs recognized, $13.2 million was included within cost of revenue and the remainder was included within restructuring and other charges, net.    

6. Other, Net 

The following table presents the components of other, net for the three and six months ended June 30, 2025 and 2024: For the three months endedFor the six months ended June 30, 2025June 30, 2024June 30, 2025June 30, 2024Currency remeasurement gain/(loss) on net monetary assets$399 $3,398 $(60)$4,429 Loss on foreign currency forward contracts(2,519)(1,837)(4,095)(1,157)Gain on commodity forward contracts1,593 4,977 6,012 6,076 Gain/(loss) on equity investments, net (1)1,012 (1,019)1,027 (14,306)Net periodic benefit cost, excluding service cost(630)(820)(1,157)(1,661)Other1,075 (602)1,331 (828)Other, net$930 $4,097 $3,058 $(7,447)___________________________________(1)    The six months ended June