Sensata Technologies Holding plc Leases Disclosure
As of December 31, | |||||||||||
| 2025 | 2024 | ||||||||||
| Operating lease right-of-use assets: | |||||||||||
| $ | 51.7 | $ | 37.8 | ||||||||
| Total operating lease right-of-use assets | $ | 51.7 | $ | 37.8 | |||||||
| Operating lease liabilities: | |||||||||||
| $ | 15.7 | $ | 13.1 | ||||||||
| 57.1 | 44.9 | ||||||||||
| Total operating lease liabilities | $ | 72.8 | $ | 58.0 | |||||||
| Finance lease right-of-use assets: | |||||||||||
| $ | 44.9 | $ | 44.9 | ||||||||
| Accumulated depreciation | (31.1) | (30.3) | |||||||||
| Property, plant and equipment, net | $ | 13.7 | $ | 14.6 | |||||||
| Finance lease liabilities: | |||||||||||
| $ | 2.3 | $ | 2.4 | ||||||||
| 18.9 | 21.0 | ||||||||||
| Total finance lease liabilities | $ | 21.2 | $ | 23.4 | |||||||
For the year ended December 31, | |||||||||||
| 2025 | 2024 | ||||||||||
| Operating leases | $ | 22.6 | $ | 28.1 | |||||||
| Finance leases | $ | — | $ | — | |||||||
For the year ended December 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
Operating lease cost (a) | $ | 18.5 | $ | 35.5 | $ | 15.2 | |||||||||||
| Finance lease cost: | |||||||||||||||||
| Amortization of right-of-use assets | $ | 1.3 | $ | 1.3 | $ | 1.5 | |||||||||||
| Interest on lease liabilities | 1.9 | 2.1 | 2.2 | ||||||||||||||
| Total finance lease cost | $ | 3.2 | $ | 3.4 | $ | 3.7 | |||||||||||
For the year ended December 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Operating cash outflow related to operating leases | $ | 18.0 | $ | 16.0 | $ | 15.4 | |||||||||||
| Operating cash outflow related to finance leases | $ | 2.0 | $ | 1.9 | $ | 2.0 | |||||||||||
| Financing cash outflow related to finance leases | $ | 2.2 | $ | 1.9 | $ | 1.5 | |||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Operating leases | 8.2 | 7.1 | 6.0 | ||||||||||||||
| Finance leases | 7.5 | 8.4 | 9.3 | ||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Operating leases | 6.1 | % | 5.8 | % | 5.6 | % | |||||||||||
| Finance leases | 8.8 | % | 8.8 | % | 8.7 | % | |||||||||||
Year ending December 31, | Operating Leases | Finance Leases | |||||||||
| 2026 | $ | 15.7 | $ | 3.9 | |||||||
| 2027 | 12.6 | 4.0 | |||||||||
| 2028 | 9.6 | 3.8 | |||||||||
| 2029 | 8.3 | 3.4 | |||||||||
| 2030 | 6.6 | 3.4 | |||||||||
| Thereafter | 32.0 | 10.8 | |||||||||
| Total undiscounted cash flows related to lease liabilities | 84.8 | 29.3 | |||||||||
| Less imputed interest | (12.0) | (8.1) | |||||||||
| Total lease liabilities | $ | 72.8 | $ | 21.2 | |||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 27, 2026 | Showing above |
| 2024 | Feb 28, 2025 | |
| 2023 | Feb 29, 2024 | |
| 2022 | Feb 13, 2023 | |
| 2021 | Feb 10, 2022 | |
| 2020 | Feb 12, 2021 | |
| 2019 | Feb 11, 2020 | |
About Leases Disclosures
Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.
Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.