Company: ST
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001477294-25-000131
Chunk: 98

Company: Sensata Technologies Holding plc
Filing Date: 2025-11-03
Form: 10-Q
Item: Item 8
Chunk 98
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loss)/gain on net monetary assets$(2,179)$(1,310)$(2,239)$3,119 Gain/(loss) on foreign currency forward contracts1,349 (3,851)(2,746)(5,008)Gain on commodity forward contracts6,670 1,200 12,682 7,276 Loss on debt financing transactions— (9,235)— (9,235)Gain/(loss) on equity investments, net (1)798 1,142 1,825 (13,164)Net periodic benefit cost, excluding service cost(586)(593)(1,743)(2,254)Other811 353 2,142 (475)Other, net$6,863 $(12,294)$9,921 $(19,741)___________________________________(1)    The nine months ended September 30, 2024 primarily includes a loss on an equity investment that does not have a readily determinable fair value for which we use the measurement alternative prescribed in FASB ASC Topic 321, Investments—Equity Securities. Refer to Note 13: Fair Value Measures for additional information.

7. Income Taxes

The following table presents the provision for/(benefit from) income taxes for the three and nine months ended September 30, 2025 and 2024: For the three months endedFor the nine months ended September 30, 2025September 30, 2024September 30, 2025September 30, 2024Provision for/(benefit from) income taxes$14,096 $(219,572)$79,930 $(169,722)The provision for/(benefit from) income taxes consists of (1) current tax expense, which relates primarily to our profitable operations in tax jurisdictions with limited or no net operating loss carryforwards and withholding taxes related to management fees, royalties, and the repatriation of foreign earnings; and (2) deferred tax expense (or benefit), which represents adjustments in book-to-tax basis differences primarily related to (a) book versus tax basis in intangible assets, (b) changes in net operating loss carryforwards and tax credits, and (c) changes in withholding taxes on unremitted earnings. During the third quarter of both 2025 and 2024, our provision for income taxes was unfavorably impacted by the impairment of nondeductible goodwill. During the third quarter of