Company: ST
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001477294-25-000067
Chunk: 65

Company: Sensata Technologies Holding plc
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 65
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. As of March 31, 2025, we estimate that $12.1 million of net losses will be reclassified from accumulated other comprehensive loss to earnings during the twelve-month period ending March 31, 2026. Commodity Risk DerivativesAs of March 31, 2025, we had the following outstanding commodity forward contracts, none of which were designated for hedge accounting treatment:CommodityNotionalRemaining Contracted PeriodsWeighted-Average Strike Price Per UnitSilver634,228 troy oz.April 2025 to February 2027$29.66Copper5,028,817 poundsApril 2025 to February 2027$4.25

15

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 March 31, 2025 and December 31, 2024: Asset DerivativesLiability Derivatives Balance Sheet LocationMarch 31,2025December 31,2024Balance Sheet LocationMarch 31,2025December 31,2024Derivatives designated as hedging instrumentsForeign currency forward contractsPrepaid expenses and other current assets$5,590 $15,717 Accrued expenses and other current liabilities$11,802 $17,018 Foreign currency forward contractsOther assets938 2,936 Other long-term liabilities2,521 4,042 Total$6,528 $18,653 $14,323 $21,060 Derivatives not designated as hedging instrumentsCommodity forward contractsPrepaid expenses and other current assets$3,226 $1,413 Accrued expenses and other current liabilities$220 $902 Commodity forward contractsOther assets577 73 Other long-term liabilities36 360 Foreign currency forward contractsPrepaid expenses and other current assets4,853 457 Accrued expenses and other current liabilities9,487 4,828 Foreign currency forward contractsOther assets393 — Other long-term liabilities1,135 1,760 Total$9,049 $1,943 $10,878 $7,850 These fair value measurements were all categorized within Level 2 of the fair value hierarchy.The following tables present the effect of our derivative financial instruments on the condensed consolidated statements of operations and the condensed consolidated statements of comprehensive income for the three months ended March 31