Company: ST
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001477294-25-000131
Chunk: 46

Company: Sensata Technologies Holding plc
Filing Date: 2025-11-03
Form: 10-Q
Item: Item 1
Chunk 46
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NVarious from October 2023 to September 2025Various from October 2025 to September 2027USD to Mexican Peso ("MXN")20.43 MXNCash flow hedge57.7 GBPVarious from October 2023 to September 2025Various from October 2025 to September 2027British Pound Sterling ("GBP") to USD1.30 USDCash flow hedgeNotional(in millions)Effective Date(s)Maturity Date(s)Index (Exchange Rates)Weighted-Average Strike RateHedge Designation (1)106.7 USDVarious from March 2024 to May 2024Various from October 2025 to May 2026USD to Chinese Renminbi ("CNY")6.97 CNYNot designated744.0 CNYVarious September 2024Various from October 2025 to May 2026USD to CNY6.78 CNYNot designated17,341.7 KRWVarious from November 2023 to September 2024Various from October 2025 to July 2026USD to Korean Won ("KRW")1,313.05 KRWNot 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 September 30, 2025, we estimate that $9.6 million of net losses will be reclassified from accumulated other comprehensive loss to earnings during the twelve-month period ending September 30, 2026. 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 September 30, 2025 and December 31, 2024: Asset DerivativesLiability Derivatives Balance Sheet LocationSeptember 30,2025December 31,2024Balance Sheet LocationSeptember 30,2025December 31,2024Derivatives designated as hedging instrumentsForeign currency forward contractsPrepaid expenses and other current assets$11,007 $15,717 Accrued expenses and other current liabilities$16,021 $17,018 Foreign currency forward contractsOther assets3,797 2,936 Other long-term liabilities3,722 4,042 Total$14,804 $18,653 $19,743 $21,060 Der