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Debt
9 Months Ended
Sep. 30, 2026
Debt Disclosure [Abstract]  
Debt Debt
Fiscal Year 2026 Transactions
Debt Extinguishments and Repurchases
During the three months ended September 30, 2026, we repurchased $32.6 million in aggregate principal amount of our 4.0% Senior Notes due 2029 ("the 4.0% Senior Notes") in open market repurchases. We paid $31.8 million in the aggregate for such purchases.
In May 2026, Sensata Technologies B.V. and Sensata Technologies, Inc., our indirect, wholly owned subsidiaries, announced the commencement of a cash tender offer for up to $400.0 million of aggregate cash consideration payable for the 4.0% Senior Notes, the 4.375% Senior Notes due 2030 (the "4.375% Senior Notes"), and the 5.875% Senior Notes due 2030 (the "5.875% Senior Notes"). In June 2026, we purchased $406.1 million in aggregate principal amount of the 4.0% Senior Notes that were validly tendered in connection with that tender offer. We paid $400.0 million in cash in the aggregate for such purchase. We did not purchase any 4.375% Senior Notes or 5.875% Senior Notes in these tender offers.
Summary
The following table presents the components of long-term debt, net and finance lease obligations as of September 30, 2026 and December 31, 2025:
Maturity DateSeptember 30,
2026
December 31,
2025
4.0% Senior Notes
April 15, 2029$207.3 $646.0 
4.375% Senior Notes
February 15, 2030450.0 450.0 
5.875% Senior Notes
September 1, 2030500.0 500.0 
3.75% Senior Notes
February 15, 2031750.0 750.0 
6.625% Senior Notes
July 15, 2032500.0 500.0 
Plus: debt premium, net of discount
0.1 0.5 
Less: deferred financing costs(14.2)(17.9)
Long-term debt, net$2,393.2 $2,828.6 
Finance lease obligations$19.8 $21.2 
Less: current portion(2.5)(2.3)
Finance lease obligations, less current portion$17.3 $18.9 
Our indebtedness as of September 30, 2026 and December 31, 2025 consists of various tranches of senior unsecured notes as shown in the table above. We also have secured credit facilities (the "Senior Secured Credit Facilities") which provide for our $650.0 million revolving credit facility (the "Revolving Credit Facility") and incremental availability under which additional debt can be issued. Refer to Note 14: Debt of our 2025 Annual Report for additional information related to our indebtedness.
Revolving Credit Facility
As of September 30, 2026, we had $645.8 million available under the Revolving Credit Facility, net of $4.2 million of obligations in respect of outstanding letters of credit issued thereunder. Outstanding letters of credit are issued primarily for the benefit of certain operating activities. As of September 30, 2026, no amounts had been drawn against these outstanding letters of credit.
During April 2026, the Company entered into a technical amendment to the Revolving Credit Facility correcting and clarifying certain details to conform the language with the intention of the Fourteenth Amendment that was signed in September 2025.
Accrued Interest
Accrued interest associated with our outstanding debt is included as a component of accrued expenses and other current liabilities in the condensed consolidated balance sheets. As of September 30, 2026 and December 31, 2025, accrued interest totaled $19.4 million and $48.6 million, respectively.