Company: ST
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001477294-25-000131
Chunk: 129

Company: Sensata Technologies Holding plc
Filing Date: 2025-11-03
Form: 10-Q
Item: Item 8
Chunk 129
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 Adjusted (non-GAAP)$573.6 19.0 %$67.5 $407.8 $2.70 

(a)    The following table presents the components of our restructuring related and other non-GAAP adjustment to net income for the three and nine months ended September 30, 2025 and 2024 (amounts have been calculated based on unrounded numbers, accordingly, certain amounts may not appear to recalculate due to the effect of rounding):

 For the three months ended September 30, For the nine months ended September 30, (In millions)2025202420252024Business and corporate repositioning (i)$6.1 $61.8 $40.4 $90.5 Other (ii)261.8 150.1 262.1 150.1 Income tax effect(4.0)(1.2)(3.1)(2.4)Total non-GAAP restructuring related and other$263.9 $210.7 $299.4 $238.2 

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i.Primarily includes charges related to repositioning our business and corporate functions to more effectively respond to the challenges that face the business, including severance, contract termination costs, charges related to asset write-downs, and other various restructuring-related charges.

ii.Relates primarily to $225.7 million and $150.1 million in non-cash goodwill impairment charges recognized in the third quarter of 2025 and 2024, respectively, related to the Dynapower reporting unit. Also includes costs related to optimization of our manufacturing processes to increase productivity and rationalize our manufacturing footprint and supply chain workforce rationalization in response to changing customer demand and recent U.S. Government policy changes.  

(b)    The following table presents the components of our financing and other transaction costs non-GAAP adjustment to net income for the three and nine months ended September 30, 2025 and 2024 (amounts have been calculated based on unrounded numbers, accordingly, certain amounts may not appear to recalculate due to the effect of rounding):

 For the three months ended September 30, For the nine months ended September 30, (In millions)2025202420252024Transaction loss (i)$14.5 $121.4 $23.1 $124.1 Merger and acquisition compensation arrangements (ii)0.5 10.