Company: ST
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001477294-25-000131
Chunk: 36

Company: Sensata Technologies Holding plc
Filing Date: 2025-11-03
Form: 10-Q
Item: Item 1
Chunk 36
---
 in the Sensing Solutions reportable segment. Exiting Spear resulted in charges in the three and nine months ended September 30, 2024 of $25.6 million and $24.7 million, respectively.SummaryThe following table presents the components of restructuring and other charges, net for the three and nine months ended September 30, 2025, and 2024:For the three months endedFor the nine months endedSeptember 30, 2025September 30, 2024September 30, 2025September 30, 20242H 2024 Plan, net $1,118 $— $4,879 $— Q3 2023 Plan, net1,098 13 3,900 308 Other restructuring and other charges, netSeverance charges, net 471 3,224 1,653 5,679 Loss on sale of business and related costs (1) 11,489 112,854 16,398 112,854 Acquisition-related compensation arrangements (2)— 118 — 2,028 Facility and other charge (3)3,990 24,415 4,928 24,028 Restructuring and other charges, net$18,166 $140,624 $31,758 $144,897 __________________________(1)      See Note 16: Disposals for additional information on the sale of the Insights Business and the Magnetic Speed and Positioning Business.(2)      Acquisition-related compensation arrangements consist of incentive 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.(3)    Represents charges that are not included in one of the other classifications. The three and nine months ended September 30, 2024 primarily include charges related to the exit of Spear, contract termination costs related to certain product lifecycle management activities in the Sensing Solutions segment and pension settlement costs.The following table presents a rollforward of our severance liability, which is primarily related to the 2H 2024 Plan, for the nine months ended September 30, 2025: TotalBalance as of December 31, 2024$6,087 Charges, net of reversals2,883 Payments(5,422)Foreign currency remeasurement263 Balance as of September 30, 2025$3,811 The severance liability