Sensata Technologies Holding (ST) 10-Q 30 Oct 19 2019 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2019	Oct. 18, 2019
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2019
Document Transition Report	false
Entity File Number	001-34652
Entity Registrant Name	SENSATA TECHNOLOGIES HOLDING PLC
Entity Central Index Key	0001477294
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Incorporation, State or Country Code	X0
Entity Tax Identification Number	98-1386780
Entity Address, Address Line One	529 Pleasant Street
Entity Address, City or Town	Attleboro
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	02703
Entity Address, Country	US
City Area Code	+1 (508)
Local Phone Number	236 3800
Title of 12(b) Security	Ordinary Shares - nominal value €0.01 per share
Trading Symbol	ST
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		158,853,596
Other Address
Entity Information [Line Items]
Entity Address, Address Line One	Interface House, Interface Business Park, Bincknoll Lane
Entity Address, City or Town	Royal Wootton Bassett, Swindon
Entity Address, Postal Zip Code	SN4 8SY
Entity Address, Country	GB

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 721,386	$ 729,833
Accounts receivable, net of allowances of $15,969 and $13,762 as of September 30, 2019 and December 31, 2018, respectively	596,814	581,769
Inventories	502,939	492,319
Prepaid expenses and other current assets	128,447	113,234
Total current assets	1,949,586	1,917,155
Property, plant and equipment, net	817,040	787,178
Goodwill	3,104,447	3,081,302
Other intangible assets, net of accumulated amortization of $2,004,646 and $1,896,861 as of September 30, 2019 and December 31, 2018, respectively	790,692	897,191
Deferred income tax assets	25,599	27,971
Other assets	156,210	86,890
Total assets	6,843,574	6,797,687
Current liabilities:
Current portion of long-term debt, finance lease and other financing obligations	7,863	14,561
Accounts payable	365,823	379,824
Income taxes payable	29,753	27,429
Accrued expenses and other current liabilities	217,064	218,130
Total current liabilities	620,503	639,944
Deferred income tax liabilities	246,216	225,694
Pension and other post-retirement benefit obligations	29,249	33,958
Finance lease and other financing obligations, less current portion	29,415	30,618
Long-term debt, net	3,219,412	3,219,762
Other long-term liabilities	95,891	39,277
Total liabilities	4,240,686	4,189,253
Commitments and contingencies (Note 12)
Shareholders’ equity:
Ordinary shares, €0.01 nominal value per share, 177,069 shares authorized, and 172,427 and 171,719 shares issued, as of September 30, 2019 and December 31, 2018, respectively	2,211	2,203
Treasury shares, at cost, 13,084 and 7,571 shares as of September 30, 2019 and December 31, 2018, respectively	(665,263)	(399,417)
Additional paid-in capital	1,716,682	1,691,190
Retained earnings	1,562,856	1,340,636
Accumulated other comprehensive loss	(13,598)	(26,178)
Total shareholders’ equity	2,602,888	2,608,434
Total liabilities and shareholders’ equity	$ 6,843,574	$ 6,797,687

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) $ in Thousands	Sep. 30, 2019USD ($)shares	Sep. 30, 2019€ / shares	Dec. 31, 2018USD ($)shares	Dec. 31, 2018€ / shares
Current assets:
Accounts receivable, allowances | $	$ 15,969		$ 13,762
Accumulated amortization | $	$ 2,004,646		$ 1,896,861
Shareholders’ equity:
Ordinary shares, nominal value per share (in euros per share) | € / shares		€ 0.01		€ 0.01
Common stock, shares authorized (in shares)	177,069,000		177,069,000
Common stock, shares, issued (in shares)	172,427,000		171,719,000
Treasury stock, shares (in shares)	13,084,000		7,571,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Statement [Abstract]
Net revenue	$ 849,715	$ 873,552	$ 2,603,940	$ 2,673,705
Operating costs and expenses:
Cost of revenue	554,910	558,334	1,710,951	1,723,300
Research and development	38,189	37,800	109,970	111,781
Selling, general and administrative	68,158	73,886	210,733	235,681
Amortization of intangible assets	35,905	33,911	108,079	103,574
Restructuring and other charges, net	6,421	(52,698)	28,040	(48,688)
Total operating costs and expenses	703,583	651,233	2,167,773	2,125,648
Operating income	146,132	222,319	436,167	548,057
Interest expense, net	(39,556)	(38,058)	(118,417)	(114,808)
Other, net	(7,560)	(10,581)	(7,925)	(26,267)
Income before taxes	99,016	173,680	309,825	406,982
Provision for income taxes	28,341	24,562	80,649	62,086
Net income	$ 70,675	$ 149,118	$ 229,176	$ 344,896
Basic net income per share (in dollars per share)	$ 0.44	$ 0.89	$ 1.42	$ 2.03
Diluted net income per share (in dollars per share)	$ 0.44	$ 0.88	$ 1.41	$ 2.01

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest [Abstract]
Net income	$ 70,675	$ 149,118	$ 229,176	$ 344,896
Other comprehensive income, net of tax:
Cash flow hedges	6,917		12,331
Cash flow hedges		10,343		39,555
Defined benefit and retiree healthcare plans	83	3,610	249	4,648
Other comprehensive income	7,000	13,953	12,580	44,203
Comprehensive income	$ 77,675	$ 163,071	$ 241,756	$ 389,099

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities:
Net income	$ 229,176	$ 344,896
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	84,354	79,518
Amortization of debt issuance costs	5,573	5,480
Gain on sale of business	0	(63,688)
Share-based compensation	15,188	17,813
Loss on debt financing	4,364	2,350
Amortization of intangible assets	108,079	103,574
Deferred income taxes	20,313	9,547
Unrealized loss on derivative instruments and other	23,545	9,020
Changes in operating assets and liabilities, net of the effects of acquisitions and divestitures:
Accounts receivable, net	(12,119)	(78,611)
Inventories	(7,192)	(65,370)
Prepaid expenses and other current assets	4,281	(13,350)
Accounts payable and accrued expenses	(40,092)	84,082
Income taxes payable	2,028	(8,910)
Other	(3,971)	(6,212)
Net cash provided by operating activities	433,527	420,139
Cash flows from investing activities:
Acquisitions, net of cash received	(32,315)	0
Additions to property, plant and equipment and capitalized software	(123,206)	(111,275)
Proceeds from the sale of business, net of cash sold	0	149,136
Other	(5,003)	5,000
Net cash (used in)/provided by investing activities	(160,524)	42,861
Cash flows from financing activities:
Proceeds from exercise of stock options and issuance of ordinary shares	10,309	6,051
Payment of employee restricted stock tax withholdings	(6,953)	(3,673)
Proceeds from issuance of debt	450,000	0
Payments on debt	(461,190)	(14,094)
Payments to repurchase ordinary shares	(265,846)	(399,417)
Payments of debt and equity issuance costs	(7,770)	(9,931)
Other	0	16,369
Net cash used in financing activities	(281,450)	(404,695)
Net change in cash and cash equivalents	(8,447)	58,305
Cash and cash equivalents, beginning of period	729,833	753,089
Cash and cash equivalents, end of period	$ 721,386	$ 811,394

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Changes in Shareholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Ordinary Shares	Treasury Shares	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Loss
Beginning Balance (in shares) at Dec. 31, 2017		178,437	(7,076)
Beginning Balance at Dec. 31, 2017	$ 2,345,626	$ 2,289	$ (288,478)	$ 1,663,367	$ 1,031,612	$ (63,164)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Surrender of shares for tax withholding (in shares)			(71)
Surrender of shares for tax withholding	(3,674)		$ (3,674)
Stock options exercised (in shares)		113	58
Stock options exercised	6,051	$ 2	$ 2,250	3,956	(157)
Vesting of restricted securities (in shares)		257
Vesting of restricted securities	0	$ 2			(2)
Repurchase of ordinary shares (in shares)			(7,571)
Repurchase of ordinary shares	(399,417)		$ (399,417)
Retirement of ordinary shares (in shares)		(7,089)	7,089
Retirement of ordinary shares	0	$ (90)	$ 289,902		(289,812)
Share-based compensation	17,813			17,813
Net income	344,896				344,896
Other comprehensive income (loss)	44,203					44,203
Ending Balance at Sep. 30, 2018	2,355,498	$ 2,203	$ (399,417)	1,685,136	1,086,537	(18,961)
Ending Balance (in shares) at Sep. 30, 2018		171,718	(7,571)
Beginning Balance (in shares) at Jun. 30, 2018		171,634	(1,137)
Beginning Balance at Jun. 30, 2018	2,522,807	$ 2,202	$ (60,105)	1,676,172	937,452	(32,914)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Surrender of shares for tax withholding (in shares)			(1)
Surrender of shares for tax withholding	(33)		$ (33)
Stock options exercised (in shares)		83
Stock options exercised	2,654	$ 1		2,653
Vesting of restricted securities (in shares)		2
Vesting of restricted securities	0
Repurchase of ordinary shares (in shares)			(6,434)
Repurchase of ordinary shares	(339,312)		$ (339,312)
Retirement of ordinary shares (in shares)		(1)	1
Retirement of ordinary shares	0		$ 33		(33)
Share-based compensation	6,311			6,311
Net income	149,118				149,118
Other comprehensive income (loss)	13,953					13,953
Ending Balance at Sep. 30, 2018	2,355,498	$ 2,203	$ (399,417)	1,685,136	1,086,537	(18,961)
Ending Balance (in shares) at Sep. 30, 2018		171,718	(7,571)
Beginning Balance (in shares) at Dec. 31, 2018		171,719	(7,571)
Beginning Balance at Dec. 31, 2018	2,608,434	$ 2,203	$ (399,417)	1,691,190	1,340,636	(26,178)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Surrender of shares for tax withholding (in shares)			(148)
Surrender of shares for tax withholding	(6,953)		$ (6,953)
Stock options exercised (in shares)		405
Stock options exercised	10,309	$ 5		10,304
Vesting of restricted securities (in shares)		451
Vesting of restricted securities	0	$ 5			(5)
Repurchase of ordinary shares (in shares)			(5,513)
Repurchase of ordinary shares	(265,846)		$ (265,846)
Retirement of ordinary shares (in shares)		(148)	148
Retirement of ordinary shares	0	$ (2)	$ 6,953		(6,951)
Share-based compensation	15,188			15,188
Net income	229,176				229,176
Other comprehensive income (loss)	12,580					12,580
Ending Balance at Sep. 30, 2019	2,602,888	$ 2,211	$ (665,263)	1,716,682	1,562,856	(13,598)
Ending Balance (in shares) at Sep. 30, 2019		172,427	(13,084)
Beginning Balance (in shares) at Jun. 30, 2019		172,325	(10,986)
Beginning Balance at Jun. 30, 2019	2,617,063	$ 2,209	$ (567,615)	1,710,711	1,492,356	(20,598)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Surrender of shares for tax withholding (in shares)			(4)
Surrender of shares for tax withholding	(175)		$ (175)
Stock options exercised (in shares)		93
Stock options exercised	3,210	$ 2		3,208
Vesting of restricted securities (in shares)		13
Vesting of restricted securities	0
Repurchase of ordinary shares (in shares)			(2,098)
Repurchase of ordinary shares	(97,648)		$ (97,648)
Retirement of ordinary shares (in shares)		(4)	4
Retirement of ordinary shares	0		$ 175		(175)
Share-based compensation	2,763			2,763
Net income	70,675				70,675
Other comprehensive income (loss)	7,000					7,000
Ending Balance at Sep. 30, 2019	$ 2,602,888	$ 2,211	$ (665,263)	$ 1,716,682	$ 1,562,856	$ (13,598)
Ending Balance (in shares) at Sep. 30, 2019		172,427	(13,084)

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements reflect the financial position, results of operations, comprehensive income, cash flows, and changes in shareholders' equity of Sensata Technologies Holding plc ("Sensata plc"), a public limited company incorporated under the laws of England and Wales, and its wholly-owned subsidiaries, collectively referred to as the "Company," "Sensata," "we," "our," or "us." The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with United States ("U.S.") generally accepted accounting principles ("GAAP") for interim financial information and the instructions to Form 10-Q. Accordingly, these interim financial statements do not include all of the information and note disclosures required by U.S. GAAP for complete financial statements. The accompanying financial information reflects all normal recurring adjustments that are, in the opinion of management, necessary for a fair presentation of the interim period results. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2018 . All U.S. dollar and share amounts presented, except per share amounts, are stated in thousands, unless otherwise indicated.

New Accounting Standards

New Accounting Standards	9 Months Ended
	Sep. 30, 2019
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Standards	New Accounting Standards In February 2016 the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2016-02, Leases (Topic 842) , which establishes new accounting and disclosure requirements for leases. FASB Accounting Standards Codification ("ASC") Topic 842, Leases , requires lessees to classify most leases as either finance or operating leases and to recognize a lease liability and right-of-use asset. For finance leases, the statements of operations include separate recognition of interest on the lease liability and amortization of the right-of-use asset. For operating leases, the statements of operations include a single lease cost, calculated so that the cost of the lease is allocated over the lease term on a straight-line basis. We adopted the provisions of FASB ASU No. 2016-02 on January 1, 2019 using the modified retrospective transition method. Refer to Note 18, "Leases" for additional discussion of this adoption.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Sep. 30, 2019
Revenue Recognition and Deferred Revenue [Abstract]
Revenue Recognition	Revenue Recognition The following tables present net revenue disaggregated by segment and end market for the three and nine months ended September 30, 2019 and 2018 : For the three months ended September 30, 2019 For the three months ended September 30, 2018 Performance Sensing Sensing Solutions Total Performance Sensing Sensing Solutions Total Automotive $ 493,675 $ 10,738 $ 504,413 $ 507,961 $ 11,544 $ 519,505 HVOR (1) 134,918 — 134,918 141,650 — 141,650 Appliance and HVAC (2) — 49,724 49,724 — 53,505 53,505 Industrial — 83,718 83,718 — 84,057 84,057 Aerospace — 41,962 41,962 — 41,062 41,062 Other — 34,980 34,980 — 33,773 33,773 Total $ 628,593 $ 221,122 $ 849,715 $ 649,611 $ 223,941 $ 873,552 __________________________ (1) Heavy vehicle and off-road (2) Heating, ventilation and air conditioning For the nine months ended September 30, 2019 For the nine months ended September 30, 2018 Performance Sensing Sensing Solutions Total Performance Sensing Sensing Solutions Total Automotive $ 1,483,986 $ 32,838 $ 1,516,824 $ 1,570,340 $ 38,402 $ 1,608,742 HVOR 429,151 — 429,151 418,317 — 418,317 Appliance and HVAC — 157,260 157,260 — 164,432 164,432 Industrial — 272,177 272,177 — 253,289 253,289 Aerospace — 129,843 129,843 — 123,268 123,268 Other — 98,685 98,685 — 105,657 105,657 Total $ 1,913,137 $ 690,803 $ 2,603,940 $ 1,988,657 $ 685,048 $ 2,673,705

Share-Based Payment Plans

Share-Based Payment Plans	9 Months Ended
	Sep. 30, 2019
Share-based Payment Arrangement [Abstract]
Share-Based Payment Plans	Share-Based Payment Plans Share-Based Compensation Expense The table below presents non-cash compensation expense related to our equity awards, which is recognized within selling, general and administrative expense in the condensed consolidated statements of operations, during the identified periods: For the three months ended For the nine months ended September 30, 2019 September 30, 2018 September 30, 2019 September 30, 2018 Stock options $ 1,499 $ 1,381 $ 4,987 $ 4,459 Restricted securities 1,264 4,930 10,201 13,354 Share-based compensation expense $ 2,763 $ 6,311 $ 15,188 $ 17,813 Equity Awards Awards granted in or after April 2019 permit accelerated vesting for qualified retirements. We granted the following options under the Sensata Technologies Holding plc First Amended and Restated 2010 Equity Incentive Plan (the "2010 Equity Plan") during the nine months ended September 30, 2019 : Options Granted To: Number of Options Granted (in thousands) Weighted- Average Grant Date Fair Value Vesting Period Various executives and employees 382 $ 13.90 25% per year over four years We granted the following restricted stock units ("RSUs" and each, an "RSU") and performance-based restricted stock units ("PRSUs" and each, a "PRSU") under the 2010 Equity Plan during the nine months ended September 30, 2019 : Awards Granted To: Type of Award Number of Units Granted (in thousands) Percentage of PRSUs Awarded That May Vest Weighted- Average Grant Date Fair Value Various executives and employees RSU (1) 257 N/A $ 47.98 Directors RSU (1) 28 N/A $ 43.92 Various executives and employees PRSU (2) 138 0.0% - 172.5% $ 46.92 Various executives and employees PRSU (2) 76 0.0% - 150.0% $ 46.92 __________________________ (1) RSUs granted during the nine months ended September 30, 2019 vest on various dates between March 2020 and August 2022. (2) PRSUs granted during the nine months ended September 30, 2019 vest in April and August 2022. The number of units that ultimately vest is dependent on the achievement of certain performance criteria.

Restructuring and Other Charges

Restructuring and Other Charges, Net	9 Months Ended
	Sep. 30, 2019
Restructuring and Related Activities [Abstract]
Restructuring and Other Charges, Net	Restructuring and Other Charges, Net Restructuring and other charges, net for the three and nine months ended September 30, 2019 and 2018 were as follows: For the three months ended For the nine months ended September 30, 2019 September 30, 2018 September 30, 2019 September 30, 2018 Severance costs, net (1) $ 5,549 $ 4,888 $ 23,035 $ 8,208 Facility and other exit costs 208 187 245 877 Gain on sale of Valves Business (2) (4) — (63,688 ) — (63,688 ) Other (3) (4) 664 5,915 4,760 5,915 Restructuring and other charges, net $ 6,421 $ (52,698 ) $ 28,040 $ (48,688 ) ___________________________________ (1) Severance costs, net for the three and nine months ended September 30, 2019 and 2018 were primarily related to limited workforce reductions of manufacturing, engineering, and administrative positions as well as the elimination of certain positions related to site consolidations. Severance costs, net for the three months ended September 30, 2019 primarily comprise termination benefits provided under a one-time benefit arrangement related to the shutdown and relocation of an operating site in Germany. Severance costs, net for the nine months ended September 30, 2019 also included a charge of approximately $13 million related to benefits provided for under a voluntary retirement incentive program offered to a limited number of eligible employees in the U.S. The majority of these benefits were paid in the third quarter of 2019. (2) In the three months ended September 30, 2018 we completed the sale of the capital stock of Schrader Bridgeport International, Inc. and August France Holding Company SAS (collectively, the "Valves Business"). (3) Other charges in the three and nine months ended September 30, 2019 were primarily related to deferred compensation incurred in connection with the acquisition of GIGAVAC, LLC ("GIGAVAC"). Other charges in the three and nine months ended September 30, 2018 included incremental direct costs in order to transact the sale of the Valves Business. (4) Refer to Note 16, "Acquisitions and Divestitures," for further discussion of the acquisition of GIGAVAC and the divestiture of the Valves Business. Changes to the severance portion of our restructuring liability during the nine months ended September 30, 2019 were as follows: Severance Balance at December 31, 2018 $ 6,591 Charges, net of reversals 23,035 Payments (18,283 ) Impact of changes in foreign currency exchange rates (251 ) Balance at September 30, 2019 $ 11,092

Other, Net

Other, Net	9 Months Ended
	Sep. 30, 2019
Other Income and Expenses [Abstract]
Other, Net	Other, Net Other, net consisted of the following for the three and nine months ended September 30, 2019 and 2018 : For the three months ended For the nine months ended September 30, 2019 September 30, 2018 September 30, 2019 September 30, 2018 Currency remeasurement loss on net monetary assets $ (6,031 ) $ (9,568 ) $ (8,492 ) $ (18,497 ) Gain on foreign currency forward contracts 1,289 3,668 2,806 3,118 Gain/(loss) on commodity forward contracts 1,786 (4,233 ) 2,807 (8,854 ) Loss on debt financing (4,364 ) — (4,364 ) (2,350 ) Net periodic benefit cost, excluding service cost (272 ) (285 ) (846 ) (799 ) Other 32 (163 ) 164 1,115 Other, net $ (7,560 ) $ (10,581 ) $ (7,925 ) $ (26,267 )

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes We recorded provision for income taxes of the following in the periods presented: For the three months ended For the nine months ended September 30, 2019 September 30, 2018 September 30, 2019 September 30, 2018 Provision for income taxes $ 28,341 $ 24,562 $ 80,649 $ 62,086 The increase in the provision for income taxes relates to changes in the jurisdictional mix of profits, effects of changes in tax laws and rates in the locations where we operate, changes in tax accruals related to prior year tax positions, and the utilization of previously unbenefited net operating losses in our U.S. jurisdiction. The provision for income taxes consists of: • current tax expense, which relates primarily to our profitable operations in non-U.S. tax jurisdictions and withholding taxes related to management fees, royalties, and the repatriation of foreign earnings; and • deferred tax expense (or benefit), which represents adjustments in book-to-tax basis differences primarily related to (1) the step-up in fair value of fixed and intangible assets acquired in connection with business combination transactions, (2) the utilization of net operating losses, (3) changes in tax rates, and (4) changes in our assessment of the realizability of our deferred tax assets.

Net Income per Share

Net Income per Share	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Net Income per Share	Net Income per Share Basic and diluted net income per share are calculated by dividing net income by the number of basic and diluted weighted-average ordinary shares outstanding during the period. For the three and nine months ended September 30, 2019 and 2018 the weighted-average ordinary shares outstanding for basic and diluted net income per share were as follows: For the three months ended For the nine months ended September 30, 2019 September 30, 2018 September 30, 2019 September 30, 2018 Basic weighted-average ordinary shares outstanding 160,458 167,290 161,774 170,045 Dilutive effect of stock options 530 886 578 898 Dilutive effect of unvested restricted securities 320 418 417 438 Diluted weighted-average ordinary shares outstanding 161,308 168,594 162,769 171,381 Net income and net income per share are presented in the condensed consolidated statements of operations. Certain potential ordinary shares were excluded from our calculation of diluted weighted-average ordinary shares outstanding because either they would have had an anti–dilutive effect on net income per share or they related to equity awards that were contingently issuable for which the contingency had not been satisfied. These potential ordinary shares are as follows: For the three months ended For the nine months ended September 30, 2019 September 30, 2018 September 30, 2019 September 30, 2018 Anti-dilutive shares excluded 1,381 983 1,251 894 Contingently issuable shares excluded 767 807 679 801

Inventories

Inventories	9 Months Ended
	Sep. 30, 2019
Inventory Disclosure [Abstract]
Inventories	Inventories The components of inventories as of September 30, 2019 and December 31, 2018 were as follows: September 30, 2019 December 31, 2018 Finished goods $ 193,143 $ 187,095 Work-in-process 103,536 104,405 Raw materials 206,260 200,819 Inventories $ 502,939 $ 492,319

Pension and Other Post-Retireme

Pension and Other Post-Retirement Benefits	9 Months Ended
	Sep. 30, 2019
Retirement Benefits [Abstract]
Pension and Other Post-Retirement Benefits	Pension and Other Post-Retirement Benefits The components of net periodic benefit cost associated with our defined benefit and retiree healthcare plans for the three months ended September 30, 2019 and 2018 were as follows: U.S. Plans Non-U.S. Plans Defined Benefit Retiree Healthcare Defined Benefit Total 2019 2018 2019 2018 2019 2018 2019 2018 Service cost $ — $ — $ 2 $ 9 $ 715 $ 757 $ 717 $ 766 Interest cost 394 387 48 45 332 327 774 759 Expected return on plan assets (442 ) (415 ) — — (175 ) (230 ) (617 ) (645 ) Amortization of net loss 242 235 7 20 191 237 440 492 Amortization of prior service (credit)/cost — — (327 ) (530 ) 2 2 (325 ) (528 ) Loss on settlement — 207 — — — — — 207 Net periodic benefit cost/(credit) $ 194 $ 414 $ (270 ) $ (456 ) $ 1,065 $ 1,093 $ 989 $ 1,051 The components of net periodic benefit cost associated with our defined benefit and retiree healthcare plans for the nine months ended September 30, 2019 and 2018 were as follows: U.S. Plans Non-U.S. Plans Defined Benefit Retiree Healthcare Defined Benefit Total 2019 2018 2019 2018 2019 2018 2019 2018 Service cost $ — $ — $ 6 $ 47 $ 2,078 $ 2,392 $ 2,084 $ 2,439 Interest cost 1,192 1,078 154 185 1,008 1,001 2,354 2,264 Expected return on plan assets (1,344 ) (1,251 ) — — (526 ) (702 ) (1,870 ) (1,953 ) Amortization of net loss 732 835 29 20 574 372 1,335 1,227 Amortization of prior service (credit)/cost — — (981 ) (1,198 ) 8 3 (973 ) (1,195 ) Loss on settlement — 752 — — — — — 752 Gain on curtailment — — — — — (296 ) — (296 ) Net periodic benefit cost/(credit) $ 580 $ 1,414 $ (792 ) $ (946 ) $ 3,142 $ 2,770 $ 2,930 $ 3,238 Components of net periodic benefit cost other than service cost are presented in other, net. Refer to Note 6, "Other, Net."

Debt

Debt	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Debt	Debt Our long-term debt and finance lease and other financing obligations as of September 30, 2019 and December 31, 2018 consisted of the following: Maturity Date September 30, 2019 December 31, 2018 Term Loan September 20, 2026 $ 461,883 $ 917,794 4.875% Senior Notes October 15, 2023 500,000 500,000 5.625% Senior Notes November 1, 2024 400,000 400,000 5.0% Senior Notes October 1, 2025 700,000 700,000 6.25% Senior Notes February 15, 2026 750,000 750,000 4.375% Senior Notes February 15, 2030 450,000 — Less: discount (12,296 ) (15,169 ) Less: deferred financing costs (25,545 ) (23,159 ) Less: current portion (4,630 ) (9,704 ) Long-term debt, net $ 3,219,412 $ 3,219,762 Finance lease and other financing obligations $ 32,648 $ 35,475 Less: current portion (3,233 ) (4,857 ) Finance lease and other financing obligations, less current portion $ 29,415 $ 30,618 Our debt consists of a secured facility and various tranches of senior unsecured notes. Secured Credit Facility The credit agreement governing our secured credit facility (the "Credit Agreement") provides for senior secured credit facilities (the "Senior Secured Credit Facilities") consisting of a term loan facility (the "Term Loan"), a $420.0 million revolving credit facility (the "Revolving Credit Facility"), and incremental availability under which additional secured credit facilities could be issued under certain circumstances. On March 27, 2019 certain indirect, wholly-owned subsidiaries of Sensata plc, including Sensata Technologies B.V. ("STBV"), entered into the ninth amendment (the "Ninth Amendment") of the Credit Agreement. Among other changes to the Credit Agreement, the Ninth Amendment (i) extended the maturity date of the Revolving Credit Facility to March 27, 2024; (ii) added pounds sterling as an available currency for revolving credit loans and letters of credit under the Revolving Credit Facility; (iii) lowered certain index rate spreads related to the Revolving Credit Facility; (iv) lowered our letter of credit fees; (v) reduced our revolving credit commitment fees; and (vi) modified the senior secured net leverage ratio financial covenant to increase the Revolving Credit Facility utilization threshold above which such financial covenant is tested from 10% to 20% . On June 13, 2019, our subsidiaries that were at the time borrowers under the Credit Agreement entered into an amendment to the Credit Agreement with the administrative agent to correct certain technical and immaterial errors in the Credit Agreement. On September 20, 2019 certain of our subsidiaries, including STBV and its indirect, wholly-owned subsidiary, Sensata Technologies Inc. ("STI"), entered into the tenth amendment of the Credit Agreement (the "Tenth Amendment"). Under the terms of the Tenth Amendment, among other changes to the Credit Agreement, (i) the final maturity date of the Term Loan was extended to September 20, 2026; (ii) STI became the sole borrower under the Credit Agreement and assumed substantially all of the obligations of STBV and Sensata Technologies Finance Company, LLC ("STFC") thereunder; (iii) the permission to incur incremental additional indebtedness under the Credit Agreement was increased; and (iv) certain of the operational and restrictive covenants and other terms and conditions of the Senior Secured Credit Facilities to which STBV and its restricted subsidiaries are subject were modified to provide us with increased flexibility and permissions thereunder (including permission to make restricted payments (including dividends) in an amount equal to $50.0 million annually, which can be further increased to an unlimited amount subject to no default or event of default and compliance with certain financial covenants). In addition, under the Tenth Amendment, STBV became a guarantor of STI’s obligations under the Credit Agreement, STFC ceased to be a guarantor with respect to the Credit Agreement, and certain subsidiaries of STBV that previously guaranteed the obligations under the Credit Agreement (the ‘‘Released Guarantors’’) were released from their guarantees, subject to satisfaction of certain conditions. As of September 30, 2019 there was $416.1 million available under the Revolving Credit Facility, net of $3.9 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, 2019 no amounts had been drawn against these outstanding letters of credit. Senior Notes We have various tranches of senior notes outstanding. Prior to September 20, 2019 these consisted of $500.0 million in aggregate principal amount of 4.875% senior notes due 2023 (the " 4.875% Senior Notes"), $400.0 million in aggregate principal amount of 5.625% senior notes due 2024 (the " 5.625% Senior Notes"), $700.0 million in aggregate principal amount of 5.0% senior notes due 2025 (the " 5.0% Senior Notes"), and $750.0 million in aggregate principal amount of 6.25% senior notes due 2026 (the " 6.25% Senior Notes" and together with each tranche of senior notes outstanding prior to September 20, 2019, the "Existing Senior Notes"). On September 20, 2019, coincident with the entry into the Tenth Amendment, STI issued $450.0 million in aggregate principal amount of 4.375% senior notes due 2030 (the " 4.375% Senior Notes"). The proceeds of the issuance of the 4.375% Senior Notes were used to partially repay the Term Loan. The 4.375% Senior Notes were issued under an indenture dated September 20, 2019 among STI, as issuer, The Bank of New York Mellon, as trustee, and our guarantor subsidiaries named therein (the "Guarantors"). The 4.375% Senior Notes were offered at par, and interest is payable semi-annually on February 15 and August 15 of each year, commencing on February 15, 2020. At any time, and from time to time, STI may redeem the 4.375% Senior Notes, in whole or in part, at a price equal to 100% of the principal amount of the notes redeemed, plus accrued and unpaid interest, if any, up to, but excluding, the date of redemption, and, for redemptions occurring prior to November 15, 2029, a "make-whole" premium. Beginning on November 15, 2029, the "make-whole" premium will be eliminated. In addition, upon the occurrence of certain specific kinds of changes in control, STI will be required to offer to repurchase the notes at 101% of their principal amount plus accrued and unpaid interest, if any, to, but excluding, the date of repurchase. Upon changes in certain tax laws or treaties, or any change in the official application, administration, or interpretation thereof, STI may, at its option, redeem the 4.375% Senior Notes, in whole but not in part, at a redemption price equal to 100% of the principal amount thereof, plus accrued and unpaid interest, if any, to, but excluding, the redemption date, premium, if any, and all additional amounts (as described in the indenture governing the 4.375% Senior Notes), if any, then due and which will become due on the date of redemption. Upon consummation of the Tenth Amendment, the guarantees of the Released Guarantors under the Existing Senior Notes were released (the "Guarantees Release"). Accordingly, as of September 20, 2019, the 4.375% Senior Notes are guaranteed by STBV and all of the subsidiaries of STBV (other than STI) that guarantee the Existing Senior Notes and the Credit Agreement, in each case, giving effect to the Guarantees Release. Accounting for Debt Financing Transactions We accounted for our debt financing transactions in accordance with our policies as disclosed in Note 2, "Significant Accounting Policies" included in our Annual Report on Form 10-K for the year ended December 31, 2018. In connection with the entry into the Ninth Amendment, we incurred $2.4 million of creditor fees and related third-party costs, which were recorded as an adjustment to the carrying amount of long-term debt. In connection with of the issuance of the 4.375% Senior Notes, the entry into the Tenth Amendment, and the subsequent partial repayment of the Term Loan, we recognized a loss of $4.4 million , presented in the other, net line of our condensed consolidated statement of operations, as well as $5.0 million of deferred financing costs, which are presented as a reduction of long-term debt on our condensed consolidated balance sheets. 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, 2019 and December 31, 2018 accrued interest totaled $45.5 million and $40.6 million , respectively.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies We are a defendant in a lawsuit, Wasica Finance Gmbh et al v. Schrader International Inc. et al, Case No. 13-1353-CPS, U.S.D.C., Delaware, in which the claimant alleges infringement of their patent (US 5,602,524) in connection with our tire pressure monitoring system products. The patent in question has expired, and as a result, the claimant is seeking damages for past alleged infringement with interest and costs. Should the claimant prevail, these amounts could be material. We have denied liability and have been defending the litigation, which is in discovery. Trial is currently expected in February 2020. We do not believe a loss related to this matter is probable. As of September 30, 2019 , we have no accrual recorded related to this matter. We are a defendant in a lawsuit, Metal Seal Precision, Ltd. v. Sensata Technologies Inc., Case No. 2017-0518-BCSI, MA Superior Court (Suffolk County) , in which the claimant ("Metal Seal"), a supplier of certain metal parts used in the manufacture of our products, alleges breach of contract, breach of covenant of good faith and fair dealing, and anticipatory repudiation. The dispute arises out of an agreement under which Metal Seal alleges certain purchase requirements were not met, resulting in damages and lost profits. On April 12, 2019 the court granted, in part, our motion for summary judgment and dismissed Metal Seal's unfair trade practices claims. Plaintiff’s damage expert claims that Metal Seal has losses ranging up to $51.0 million . We dispute Metal Seal's claims and continue to defend the lawsuit, with trial currently expected in December 2019. We do not believe a loss related to this matter is probable. As of September 30, 2019 , we have no accrual recorded related to this matter.

Shareholders' Equity

Shareholders' Equity	9 Months Ended
	Sep. 30, 2019
Equity [Abstract]
Shareholders' Equity	Shareholders' Equity On July 30, 2019, our Board of Directors approved a new $500.0 million share repurchase program with terms consistent to those of our previously authorized $250.0 million share repurchase program. The $250.0 million share repurchase program was terminated upon commencement of the new program. Accumulated Other Comprehensive Loss The following is a roll forward of the components of accumulated other comprehensive loss for the nine months ended September 30, 2019 : Cash Flow Hedges Defined Benefit and Retiree Healthcare Plans Accumulated Other Comprehensive Loss Balance at December 31, 2018 $ 9,184 $ (35,362 ) $ (26,178 ) Other comprehensive income before reclassifications, net of tax 27,725 — 27,725 Reclassifications from accumulated other comprehensive loss, net of tax (15,394 ) 249 (15,145 ) Other comprehensive income 12,331 249 12,580 Balance at September 30, 2019 $ 21,515 $ (35,113 ) $ (13,598 ) The details of the (gain)/loss reclassified from accumulated other comprehensive loss for the three and nine months ended September 30, 2019 and 2018 are as follows: For the three months ended September 30, For the nine months ended September 30, Affected Line in Condensed Consolidated Statements of Operations Component 2019 2018 2019 2018 Derivative instruments designated and qualifying as cash flow hedges: Foreign currency forward contracts $ (7,615 ) $ 1,490 $ (17,327 ) $ 20,438 Net revenue (1) Foreign currency forward contracts (968 ) (1,353 ) (2,037 ) (3,189 ) Cost of revenue (1) Foreign currency forward contracts — — — 1,376 Other, net (1) Total, before taxes (8,583 ) 137 (19,364 ) 18,625 Income before taxes Income tax effect 1,760 (34 ) 3,970 (4,656 ) Provision for income taxes Total, net of taxes $ (6,823 ) $ 103 $ (15,394 ) $ 13,969 Net income Defined benefit and retiree healthcare plans $ 115 $ 171 $ 362 $ 488 Other, net (2) Defined benefit and retiree healthcare plans — 228 — 228 Restructuring and other charges, net (3) Total, before taxes 115 399 362 716 Income before taxes Income tax effect (32 ) (32 ) (113 ) 111 Provision for income taxes Total, net of taxes $ 83 $ 367 $ 249 $ 827 Net income __________________________ (1) Refer to Note 15, "Derivative Instruments and Hedging Activities" for additional details on amounts to be reclassified from accumulated other comprehensive loss in future periods. (2) Refer to Note 10, "Pension and Other Post-Retirement Benefits" for additional details of net periodic benefit cost. (3) Amount represents an equity component of the Valves Business, which was sold in the third quarter of 2018. Refer to Note 5, "Restructuring and Other Charges, Net" and Note 16, "Acquisitions and Divestitures" for additional information related to the divestiture of the Valves Business.

Fair Value Measures

Fair Value Measures	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value Measures	Fair Value Measures Measured on a Recurring Basis The fair values of our assets and liabilities measured at fair value on a recurring basis as of September 30, 2019 and December 31, 2018 are as shown in the below table. All fair value measures presented are categorized in Level 2 of the fair value hierarchy. September 30, 2019 December 31, 2018 Assets Foreign currency forward contracts $ 31,388 $ 17,871 Commodity forward contracts 2,799 831 Total $ 34,187 $ 18,702 Liabilities Foreign currency forward contracts $ 4,006 $ 5,165 Commodity forward contracts 1,506 4,137 Total $ 5,512 $ 9,302 Measured on a Nonrecurring Basis We evaluated our goodwill and other indefinite-lived intangible assets for impairment as of October 1, 2018 and determined that they were not impaired. As of September 30, 2019 no events or changes in circumstances occurred that would have triggered the need for an additional impairment review of these assets. Financial Instruments Not Recorded at Fair Value The following table presents the carrying values and fair values of financial instruments not recorded at fair value in the condensed consolidated balance sheets as of September 30, 2019 and December 31, 2018 . All fair value measures presented are categorized in Level 2 of the fair value hierarchy. September 30, 2019 December 31, 2018 Carrying Value (1) Fair Value Carrying Value (1) Fair Value Liabilities Term Loan $ 461,883 $ 464,770 $ 917,794 $ 904,027 4.875% Senior Notes $ 500,000 $ 524,375 $ 500,000 $ 491,875 5.625% Senior Notes $ 400,000 $ 434,000 $ 400,000 $ 400,500 5.0% Senior Notes $ 700,000 $ 748,125 $ 700,000 $ 660,625 6.25% Senior Notes $ 750,000 $ 796,875 $ 750,000 $ 751,875 4.375% Senior Notes $ 450,000 $ 448,875 $ — $ — ___________________________________ (1) Excluding any related debt discounts and deferred financing costs. Cash and cash equivalents, accounts receivable, and accounts payable are carried at cost, which approximates fair value because of their short-term nature. In addition to the above, we hold certain equity investments that do not have readily determinable fair values, and as such measure them using the measurement alternative prescribed in FASB ASC Topic 321, Investments - Equity Securities. Such investments are measured at cost, less any impairment, plus or minus changes resulting from observable price changes in orderly transactions for an identical or similar investment of the same issuer. There were no impairments or changes resulting from observable transactions for any of these investments, and no adjustments have been made to their carrying values. Refer to the table below for a detail of the carrying values of these investments, each of which are included in other assets. September 30, 2019 December 31, 2018 Quanergy Systems, Inc $ 50,000 $ 50,000 Lithium Balance (1) 3,700 — Total $ 53,700 $ 50,000 ___________________________________ (1) Our investment in Lithium Balance A/S ("Lithium Balance") was purchased in July 2019.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	9 Months Ended
	Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities Hedges of Foreign Currency Risk We are exposed to fluctuations in various foreign currencies against our functional currency, the U.S. dollar (the "USD"). We enter into forward contracts for certain of these foreign currencies to manage this exposure. We currently have outstanding foreign currency forward contracts that qualify as cash flow hedges intended to offset the effect of exchange rate fluctuations on forecasted sales and certain manufacturing costs. We also have outstanding foreign currency forward contracts that are intended to preserve the economic value of foreign currency denominated monetary assets and liabilities, which are not designated for hedge accounting treatment in accordance with FASB ASC Topic 815, Derivatives and Hedging . For the three and nine months ended September 30, 2019 and 2018 amounts excluded from the assessment of effectiveness of our foreign currency forward contracts that are designated as cash flow hedges were not material. As of September 30, 2019 we estimate that $24.7 million of net gains will be reclassified from accumulated other comprehensive loss to earnings during the twelve-month period ending September 30, 2020 . As of September 30, 2019 we had the following outstanding foreign currency forward contracts: Notional (in millions) Effective Date(s) Maturity Date(s) Index (Exchange Rates) Weighted- Average Strike Rate Hedge Designation (1) 12.0 EUR September 26, 2019 October 31, 2019 Euro ("EUR") to USD 1.10 USD Not designated 339.7 EUR Various from July 2017 to September 2019 Various from October 2019 to August 2021 EUR to USD 1.19 USD Cash flow hedge 379.0 CNY September 25, 2019 October 31, 2019 USD to Chinese Renminbi ("CNY") 7.14 CNY Not designated 271.1 CNY January 10, 2019 Various from October to December 2019 USD to CNY 6.82 CNY Cash flow hedge 709.0 JPY September 26, 2019 October 31, 2019 USD to Japanese Yen ("JPY") 107.20 JPY Not designated 23,821.4 KRW Various from November 2017 to September 2019 Various from October 2019 to August 2021 USD to Korean Won ("KRW") 1,119.73 KRW Cash flow hedge 22.0 MYR September 25, 2019 October 31, 2019 USD to Malaysian Ringgit ("MYR") 4.21 MYR Not designated 131.0 MXN September 26, 2019 October 31, 2019 USD to Mexican Peso ("MXN") 19.67 MXN Not designated 2,823.8 MXN Various from November 2017 to September 2019 Various from October 2019 to August 2021 USD to MXN 20.88 MXN Cash flow hedge 47.8 GBP Various from November 2017 to September 2019 Various from October 2019 to August 2021 British Pound Sterling ("GBP") to USD 1.31 USD Cash flow hedge _________________________ (1) Derivative financial instruments not designated as hedges are used to manage our exposure to currency exchange rate risk. They are intended to preserve economic value, and they are not used for trading or speculative purposes. Hedges of Commodity Risk We enter into commodity forward contracts in order to limit our exposure to variability in raw material costs that is caused by movements in the price of underlying metals. The terms of these forward contracts fix the price at a future date for various notional amounts associated with these commodities. These instruments are not designated for hedge accounting treatment in accordance with FASB ASC Topic 815. As of September 30, 2019 we had the following outstanding commodity forward contracts: Commodity Notional Remaining Contracted Periods Weighted-Average Strike Price Per Unit Silver 888,764 troy oz. October 2019-September 2021 $16.42 Gold 8,116 troy oz. October 2019-September 2021 $1,373.99 Nickel 236,380 pounds October 2019-September 2021 $6.15 Aluminum 3,680,177 pounds October 2019-September 2021 $0.90 Copper 2,406,213 pounds October 2019-September 2021 $2.89 Platinum 7,171 troy oz. October 2019-September 2021 $894.43 Palladium 823 troy oz. October 2019-September 2021 $1,330.48 Financial Instrument Presentation The following table presents the fair values of our derivative financial instruments and their classification in the condensed consolidated balance sheets as of September 30, 2019 and December 31, 2018 : Asset Derivatives Liability Derivatives Balance Sheet Location September 30, 2019 December 31, 2018 Balance Sheet Location September 30, 2019 December 31, 2018 Derivatives designated as hedging instruments Foreign currency forward contracts Prepaid expenses and other current assets $ 27,433 $ 14,608 Accrued expenses and other current liabilities $ 2,956 $ 3,615 Foreign currency forward contracts Other assets 3,902 3,168 Other long-term liabilities 652 1,134 Total $ 31,335 $ 17,776 $ 3,608 $ 4,749 Derivatives not designated as hedging instruments Commodity forward contracts Prepaid expenses and other current assets $ 2,320 $ 524 Accrued expenses and other current liabilities $ 1,154 $ 3,679 Commodity forward contracts Other assets 479 307 Other long-term liabilities 352 458 Foreign currency forward contracts Prepaid expenses and other current assets 53 95 Accrued expenses and other current liabilities 398 416 Total $ 2,852 $ 926 $ 1,904 $ 4,553 These fair value measurements are 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 September 30, 2019 and 2018 : Derivatives designated as hedging instruments Amount of Deferred Gain/(Loss) Recognized in Other Comprehensive Income Location of Net Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Net Income Amount of Net Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Net Income 2019 2018 2019 2018 Foreign currency forward contracts $ 19,797 $ 7,190 Net revenue $ 7,615 $ (1,490 ) Foreign currency forward contracts $ (2,514 ) $ 6,464 Cost of revenue $ 968 $ 1,353 Derivatives not designated as hedging instruments Amount of Gain/(Loss) Recognized in Net Income Location of Gain/(Loss) Recognized in Net Income 2019 2018 Commodity forward contracts $ 1,786 $ (4,233 ) Other, net Foreign currency forward contracts $ 1,289 $ 3,668 Other, net 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 nine months ended September 30, 2019 and 2018 : Derivatives designated as Amount of Deferred Gain Recognized in Other Comprehensive Income Location of Net Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Net Income Amount of Net Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Net Income 2019 2018 2019 2018 Foreign currency forward contracts $ 30,124 $ 22,993 Net revenue $ 17,327 $ (20,438 ) Foreign currency forward contracts $ 3,946 $ 11,122 Cost of revenue $ 2,037 $ 3,189 Foreign currency forward contracts $ — $ — Other, net $ — $ (1,376 ) Derivatives not designated as Amount of Gain/(Loss) Recognized in Net Income Location of Gain/(Loss) Recognized in Net Income 2019 2018 Commodity forward contracts $ 2,807 $ (8,854 ) Other, net Foreign currency forward contracts $ 2,806 $ 4,494 Other, net Credit Risk Related Contingent Features We have agreements with certain of our derivative counterparties that contain a provision whereby if we default on our indebtedness and repayment of the indebtedness has been accelerated by the lender, then we could also be declared in default on our derivative obligations. As of September 30, 2019 the termination value of outstanding derivatives in a liability position, excluding any adjustment for non-performance risk, was $5.5 million . As of September 30, 2019 we have no

Acquisitions and Divestitures

Acquisitions and Divestitures	9 Months Ended
	Sep. 30, 2019
Business Combinations [Abstract]
Acquisitions and Divestitures	Acquisitions and Divestitures Other acquisition On September 13, 2019 we completed one acquisition for approximately $30 million , net of cash acquired and subject to customary post-closing adjustments. We are in the process of completing our assessment of the fair values of assets acquired and liabilities assumed. GIGAVAC merger On September 24, 2018 we entered into an agreement and plan of merger with GIGAVAC, whereby GIGAVAC would merge with one of our wholly-owned subsidiaries, thereby becoming a wholly-owned subsidiary of Sensata. On October 31, 2018 we completed the acquisition of GIGAVAC for $229.9 million of cash consideration, approximately $12.0 million of which related to certain compensation arrangements with certain GIGAVAC employees and shareholders. Based in Carpinteria, California, GIGAVAC has more than 270 employees and is a leading provider of solutions that enable electrification in demanding environments within the automotive, battery storage, industrial, and HVOR end markets. We acquired GIGAVAC to increase our content and capabilities for electrification, including products such as cars, delivery trucks, buses, material handling equipment, and charging stations. Portions of GIGAVAC will be integrated into each of our operating segments. The following table summarizes the preliminary allocation of the purchase price to the estimated fair values of the assets acquired and liabilities assumed: Net working capital, excluding cash $ 16,980 Property, plant and equipment 4,384 Goodwill 113,731 Other intangible assets 122,742 Other assets 63 Deferred income tax liabilities (27,000 ) Other long-term liabilities (1,000 ) Fair value of net assets acquired, excluding cash and cash equivalents 229,900 Cash and cash equivalents 359 Fair value of net assets acquired $ 230,259 The allocation of purchase price related to the GIGAVAC merger is preliminary, and is based on management’s judgments after evaluating several factors, including preliminary valuation assessments of tangible and intangible assets. The final allocation of the purchase price to the assets acquired will be completed when the final valuations are completed. The preliminary goodwill recognized as a result of this acquisition was approximately $113.7 million , which represents future economic benefits expected to arise from synergies from combining operations and the extension of existing customer relationships. The amount of goodwill recorded that is expected to be deductible for tax purposes is not material. In connection with the allocation of purchase price to the assets acquired and liabilities assumed, we identified certain definite-lived intangible assets. The following table presents the acquired intangible assets, their estimated fair values, and weighted-average lives: Acquisition Date Fair Value Weighted-Average Lives (years) Acquired definite-lived intangible assets: Customer relationships $ 74,500 10 Completed technologies 31,040 13 Tradenames 15,400 15 Other 1,802 6 Total definite-lived intangible assets acquired $ 122,742 12 The definite-lived intangible assets were valued using the income approach. We used the relief-from-royalty method to value completed technologies and tradenames, and we used the multi-period excess earnings method to value customer relationships. These valuation methods incorporate assumptions including expected discounted future cash flows resulting from either the future estimated after-tax royalty payments avoided as a result of owning the completed technologies or the future earnings related to existing customer relationships. Valves Business Divestiture On August 31, 2018 we completed the divestiture of the Valves Business to Pacific Industrial Co. Ltd. (together with its affiliates, "Pacific"). Contemporaneous with the closing of the sale, Sensata and Pacific entered into a long-term supply agreement, which imposes an obligation on us to purchase minimum quantities of product from Pacific over a period of nearly five years . In exchange for selling the Valves Business and entering into the long-term supply agreement, we received cash consideration from Pacific of approximately $165.5 million , net of $11.8 million of cash and cash equivalents sold. We determined that the terms of the long-term supply agreement entered into concurrent with the divestiture of the Valves Business were not at market. Accordingly, we recognized a liability of $16.4 million , measured at fair value, which represented the fair value of the off-market component of the supply agreement.

Segment Reporting

Segment Reporting	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting We organize our business into two reportable segments, Performance Sensing and Sensing Solutions, each of which is also an operating segment. Our operating segments are businesses that we manage as components of an enterprise for which separate financial information is evaluated regularly by our chief operating decision maker in deciding how to allocate resources and assess performance. An operating segment’s performance is primarily evaluated based on segment operating income, which excludes amortization of intangible assets, restructuring and other charges, net, and certain corporate costs/credits not associated with the operations of the segment, including share-based compensation expense and a portion of depreciation expense associated with assets recorded in connection with acquisitions. Corporate and other costs excluded from an operating segment’s performance are separately stated below and also include costs that are related to functional areas, such as finance, information technology, legal, and human resources. We believe that segment operating income, as defined above, is an appropriate measure for evaluating the operating performance of our segments. However, this measure should be considered in addition to, and not as a substitute for, or superior to, operating income or other measures of financial performance prepared in accordance with U.S. GAAP. The accounting policies of each of our reporting segments are materially consistent with those in the summary of significant accounting policies as described in Note 2, "Significant Accounting Policies" included in our Annual Report on Form 10-K for the year ended December 31, 2018 . The following table presents net revenue and segment operating income for the reported segments and other operating results not allocated to the reported segments for the three and nine months ended September 30, 2019 and 2018 : For the three months ended For the nine months ended September 30, 2019 September 30, 2018 September 30, 2019 September 30, 2018 Net revenue: Performance Sensing $ 628,593 $ 649,611 $ 1,913,137 $ 1,988,657 Sensing Solutions 221,122 223,941 690,803 685,048 Total net revenue $ 849,715 $ 873,552 $ 2,603,940 $ 2,673,705 Segment operating income (as defined above): Performance Sensing $ 165,076 $ 178,391 $ 483,657 $ 535,166 Sensing Solutions 70,952 73,295 223,036 224,249 Total segment operating income 236,028 251,686 706,693 759,415 Corporate and other (47,570 ) (48,154 ) (134,407 ) (156,472 ) Amortization of intangible assets (35,905 ) (33,911 ) (108,079 ) (103,574 ) Restructuring and other charges, net (6,421 ) 52,698 (28,040 ) 48,688 Operating income 146,132 222,319 436,167 548,057 Interest expense, net (39,556 ) (38,058 ) (118,417 ) (114,808 ) Other, net (7,560 ) (10,581 ) (7,925 ) (26,267 ) Income before taxes $ 99,016 $ 173,680 $ 309,825 $ 406,982

Leases

Leases	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Leases	Leases As discussed in Note 2, "New Accounting Standards," we adopted FASB ASC Topic 842 on January 1, 2019, using the modified retrospective transition method. We have elected to apply the package of practical expedients and the land easement practical expedient. We have not elected to apply the hindsight practical expedient. As a result of this adoption, we classify most leases as either finance or operating leases and recognize a related lease liability and right-of-use asset on our consolidated balance sheets. Our accounting for finance leases remains unchanged after the adoption of FASB ASC Topic 842. We have elected to account for leases with a term of one year or less (short-term leases) using a method similar to the operating lease model under FASB ASC Topic 840, Leases (i.e. they are not recorded on the consolidated balance sheets). We elected to apply the transition provisions of this guidance, including its disclosure requirements, at its date of adoption instead of at the beginning of the earliest comparative period presented. Accordingly, we have not restated our consolidated balance sheet as of December 31, 2018. There was no cumulative effect of adoption on our retained earnings or any other components of equity. The below adjustments were made to our condensed consolidated balance sheet on January 1, 2019 to reflect the new guidance: December 31, 2018 Adjustment January 1, 2019 Prepaid expenses and other current assets $ 113,234 $ (253 ) $ 112,981 Other intangible assets, net $ 897,191 $ (1,510 ) $ 895,681 Other assets $ 86,890 $ 58,496 $ 145,386 Accrued expenses and other current liabilities $ 218,130 $ 12,119 $ 230,249 Other long-term liabilities $ 39,277 $ 44,614 $ 83,891 The table below presents the amounts recognized and location of recognition in our condensed consolidated balance sheet as of September 30, 2019 related to our operating and finance leases: September 30, 2019 Operating lease right-of-use assets: Other assets $ 56,200 Total operating lease right-of-use assets $ 56,200 Operating lease liabilities: Accrued expenses and other current liabilities $ 10,773 Other long-term liabilities 45,695 Total operating lease liabilities $ 56,468 Finance lease right-of-use assets: Property, plant and equipment, at cost $ 49,714 Accumulated depreciation (23,864 ) Property, plant and equipment, net $ 25,850 Finance lease liabilities: Current portion of long-term debt, finance lease and other financing obligations $ 2,116 Finance lease and other financing obligations, less current portion 29,209 Total finance lease liabilities $ 31,325 The table below presents the lease liabilities arising from obtaining right-of-use assets in the nine months ended September 30, 2019 : For the nine months ended September 30, 2019 Operating leases $ 3,837 Finance leases $ — For finance leases, the consolidated statements of operations include separate recognition of interest on the lease liability and amortization of the right-of-use asset. For operating leases, the consolidated statements of operations include a single lease cost, calculated so that the cost of the lease is allocated over the lease term on a straight-line basis. The table below presents our total lease cost for the three and nine months ended September 30, 2019 : For the three months ended For the nine months ended September 30, 2019 September 30, 2019 Operating lease cost $ 3,817 $ 12,041 Finance lease cost: Amortization of right-of-use assets $ 452 $ 1,356 Interest on lease liabilities 671 2,031 Total finance lease cost $ 1,123 $ 3,387 Short-term lease cost was not material for the three and nine months ended September 30, 2019 . Cash flows from operating activities include (1) interest on finance lease liabilities and (2) payments arising from operating leases. Cash flows from financing activities include repayments of the principal portion of finance lease liabilities. The table below presents the cash paid related to our operating and finance leases for the nine months ended September 30, 2019 : For the nine months ended September 30, 2019 Operating cash flows from operating leases $ 11,887 Operating cash flows from finance leases $ 1,961 Financing cash flows from finance leases $ 1,264 We occupy leased facilities with initial terms ranging up to 20 years. These lease agreements frequently include options to renew for additional periods and generally require that we pay taxes, insurance, and maintenance costs. We also lease certain vehicles and equipment. The table below presents the weighted-average remaining lease term of our operating and finance leases (in years): September 30, 2019 Operating leases 8.1 Finance leases 12.7 Our lease liabilities are initially measured at the present value of the lease payments not yet paid, discounted using our incremental borrowing rate for a period that is comparable to the remaining lease term. Upon adoption of FASB ASC Topic 842, we initially measured our operating lease liabilities using this methodology, while our accounting for finance leases remained unchanged. We use our incremental borrowing rate, adjusted for collateralization, because the discount rate implicit in our leases are generally not readily determinable. The table below presents our weighted-average discount rate as of September 30, 2019 : September 30, 2019 Operating leases 5.7 % Finance leases 8.5 % The table below presents a maturity analysis of the obligations related to our operating lease liabilities and finance lease liabilities in effect as of September 30, 2019 : Operating Leases Finance Leases Year ending December 31, 2019 (excluding the nine months ended September 30, 2019) $ 3,869 $ 1,434 2020 13,861 4,513 2021 10,317 4,035 2022 8,344 3,685 2023 7,080 3,744 Thereafter 29,960 36,228 Total undiscounted cash flows related to lease liabilities 73,431 53,639 Less imputed interest (16,963 ) (22,314 ) Total lease liabilities $ 56,468 $ 31,325
Lessee	Leases As discussed in Note 2, "New Accounting Standards," we adopted FASB ASC Topic 842 on January 1, 2019, using the modified retrospective transition method. We have elected to apply the package of practical expedients and the land easement practical expedient. We have not elected to apply the hindsight practical expedient. As a result of this adoption, we classify most leases as either finance or operating leases and recognize a related lease liability and right-of-use asset on our consolidated balance sheets. Our accounting for finance leases remains unchanged after the adoption of FASB ASC Topic 842. We have elected to account for leases with a term of one year or less (short-term leases) using a method similar to the operating lease model under FASB ASC Topic 840, Leases (i.e. they are not recorded on the consolidated balance sheets). We elected to apply the transition provisions of this guidance, including its disclosure requirements, at its date of adoption instead of at the beginning of the earliest comparative period presented. Accordingly, we have not restated our consolidated balance sheet as of December 31, 2018. There was no cumulative effect of adoption on our retained earnings or any other components of equity. The below adjustments were made to our condensed consolidated balance sheet on January 1, 2019 to reflect the new guidance: December 31, 2018 Adjustment January 1, 2019 Prepaid expenses and other current assets $ 113,234 $ (253 ) $ 112,981 Other intangible assets, net $ 897,191 $ (1,510 ) $ 895,681 Other assets $ 86,890 $ 58,496 $ 145,386 Accrued expenses and other current liabilities $ 218,130 $ 12,119 $ 230,249 Other long-term liabilities $ 39,277 $ 44,614 $ 83,891 The table below presents the amounts recognized and location of recognition in our condensed consolidated balance sheet as of September 30, 2019 related to our operating and finance leases: September 30, 2019 Operating lease right-of-use assets: Other assets $ 56,200 Total operating lease right-of-use assets $ 56,200 Operating lease liabilities: Accrued expenses and other current liabilities $ 10,773 Other long-term liabilities 45,695 Total operating lease liabilities $ 56,468 Finance lease right-of-use assets: Property, plant and equipment, at cost $ 49,714 Accumulated depreciation (23,864 ) Property, plant and equipment, net $ 25,850 Finance lease liabilities: Current portion of long-term debt, finance lease and other financing obligations $ 2,116 Finance lease and other financing obligations, less current portion 29,209 Total finance lease liabilities $ 31,325 The table below presents the lease liabilities arising from obtaining right-of-use assets in the nine months ended September 30, 2019 : For the nine months ended September 30, 2019 Operating leases $ 3,837 Finance leases $ — For finance leases, the consolidated statements of operations include separate recognition of interest on the lease liability and amortization of the right-of-use asset. For operating leases, the consolidated statements of operations include a single lease cost, calculated so that the cost of the lease is allocated over the lease term on a straight-line basis. The table below presents our total lease cost for the three and nine months ended September 30, 2019 : For the three months ended For the nine months ended September 30, 2019 September 30, 2019 Operating lease cost $ 3,817 $ 12,041 Finance lease cost: Amortization of right-of-use assets $ 452 $ 1,356 Interest on lease liabilities 671 2,031 Total finance lease cost $ 1,123 $ 3,387 Short-term lease cost was not material for the three and nine months ended September 30, 2019 . Cash flows from operating activities include (1) interest on finance lease liabilities and (2) payments arising from operating leases. Cash flows from financing activities include repayments of the principal portion of finance lease liabilities. The table below presents the cash paid related to our operating and finance leases for the nine months ended September 30, 2019 : For the nine months ended September 30, 2019 Operating cash flows from operating leases $ 11,887 Operating cash flows from finance leases $ 1,961 Financing cash flows from finance leases $ 1,264 We occupy leased facilities with initial terms ranging up to 20 years. These lease agreements frequently include options to renew for additional periods and generally require that we pay taxes, insurance, and maintenance costs. We also lease certain vehicles and equipment. The table below presents the weighted-average remaining lease term of our operating and finance leases (in years): September 30, 2019 Operating leases 8.1 Finance leases 12.7 Our lease liabilities are initially measured at the present value of the lease payments not yet paid, discounted using our incremental borrowing rate for a period that is comparable to the remaining lease term. Upon adoption of FASB ASC Topic 842, we initially measured our operating lease liabilities using this methodology, while our accounting for finance leases remained unchanged. We use our incremental borrowing rate, adjusted for collateralization, because the discount rate implicit in our leases are generally not readily determinable. The table below presents our weighted-average discount rate as of September 30, 2019 : September 30, 2019 Operating leases 5.7 % Finance leases 8.5 % The table below presents a maturity analysis of the obligations related to our operating lease liabilities and finance lease liabilities in effect as of September 30, 2019 : Operating Leases Finance Leases Year ending December 31, 2019 (excluding the nine months ended September 30, 2019) $ 3,869 $ 1,434 2020 13,861 4,513 2021 10,317 4,035 2022 8,344 3,685 2023 7,080 3,744 Thereafter 29,960 36,228 Total undiscounted cash flows related to lease liabilities 73,431 53,639 Less imputed interest (16,963 ) (22,314 ) Total lease liabilities $ 56,468 $ 31,325

New Accounting Standards (Polic

New Accounting Standards (Policies)	9 Months Ended
	Sep. 30, 2019
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Basis of Presentation	The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with United States ("U.S.") generally accepted accounting principles ("GAAP") for interim financial information and the instructions to Form 10-Q. Accordingly, these interim financial statements do not include all of the information and note disclosures required by U.S. GAAP for complete financial statements. The accompanying financial information reflects all normal recurring adjustments that are, in the opinion of management, necessary for a fair presentation of the interim period results. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2018 . All U.S. dollar and share amounts presented, except per share amounts, are stated in thousands, unless otherwise indicated.
New Accounting Standards	In February 2016 the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2016-02, Leases (Topic 842) , which establishes new accounting and disclosure requirements for leases. FASB Accounting Standards Codification ("ASC") Topic 842, Leases , requires lessees to classify most leases as either finance or operating leases and to recognize a lease liability and right-of-use asset. For finance leases, the statements of operations include separate recognition of interest on the lease liability and amortization of the right-of-use asset. For operating leases, the statements of operations include a single lease cost, calculated so that the cost of the lease is allocated over the lease term on a straight-line basis. We adopted the provisions of FASB ASU No. 2016-02 on January 1, 2019 using the modified retrospective transition method. Refer to Note 18, "Leases" for additional discussion of this adoption.
Leases	As a result of this adoption, we classify most leases as either finance or operating leases and recognize a related lease liability and right-of-use asset on our consolidated balance sheets. Our accounting for finance leases remains unchanged after the adoption of FASB ASC Topic 842. We have elected to account for leases with a term of one year or less (short-term leases) using a method similar to the operating lease model under FASB ASC Topic 840, Leases

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 30, 2019
Revenue Recognition and Deferred Revenue [Abstract]
Disaggregation of Revenue	The following tables present net revenue disaggregated by segment and end market for the three and nine months ended September 30, 2019 and 2018 : For the three months ended September 30, 2019 For the three months ended September 30, 2018 Performance Sensing Sensing Solutions Total Performance Sensing Sensing Solutions Total Automotive $ 493,675 $ 10,738 $ 504,413 $ 507,961 $ 11,544 $ 519,505 HVOR (1) 134,918 — 134,918 141,650 — 141,650 Appliance and HVAC (2) — 49,724 49,724 — 53,505 53,505 Industrial — 83,718 83,718 — 84,057 84,057 Aerospace — 41,962 41,962 — 41,062 41,062 Other — 34,980 34,980 — 33,773 33,773 Total $ 628,593 $ 221,122 $ 849,715 $ 649,611 $ 223,941 $ 873,552 __________________________ (1) Heavy vehicle and off-road (2) Heating, ventilation and air conditioning For the nine months ended September 30, 2019 For the nine months ended September 30, 2018 Performance Sensing Sensing Solutions Total Performance Sensing Sensing Solutions Total Automotive $ 1,483,986 $ 32,838 $ 1,516,824 $ 1,570,340 $ 38,402 $ 1,608,742 HVOR 429,151 — 429,151 418,317 — 418,317 Appliance and HVAC — 157,260 157,260 — 164,432 164,432 Industrial — 272,177 272,177 — 253,289 253,289 Aerospace — 129,843 129,843 — 123,268 123,268 Other — 98,685 98,685 — 105,657 105,657 Total $ 1,913,137 $ 690,803 $ 2,603,940 $ 1,988,657 $ 685,048 $ 2,673,705

Share-Based Payment Plans (Tabl

Share-Based Payment Plans (Tables)	9 Months Ended
	Sep. 30, 2019
Share-based Payment Arrangement [Abstract]
Schedule of non-cash compensation expense related to equity awards	The table below presents non-cash compensation expense related to our equity awards, which is recognized within selling, general and administrative expense in the condensed consolidated statements of operations, during the identified periods: For the three months ended For the nine months ended September 30, 2019 September 30, 2018 September 30, 2019 September 30, 2018 Stock options $ 1,499 $ 1,381 $ 4,987 $ 4,459 Restricted securities 1,264 4,930 10,201 13,354 Share-based compensation expense $ 2,763 $ 6,311 $ 15,188 $ 17,813
Schedule of share-based compensation arrangement by share-based payment award, weighted average grant date fair value	We granted the following options under the Sensata Technologies Holding plc First Amended and Restated 2010 Equity Incentive Plan (the "2010 Equity Plan") during the nine months ended September 30, 2019 : Options Granted To: Number of Options Granted (in thousands) Weighted- Average Grant Date Fair Value Vesting Period Various executives and employees 382 $ 13.90 25% per year over four years We granted the following restricted stock units ("RSUs" and each, an "RSU") and performance-based restricted stock units ("PRSUs" and each, a "PRSU") under the 2010 Equity Plan during the nine months ended September 30, 2019 : Awards Granted To: Type of Award Number of Units Granted (in thousands) Percentage of PRSUs Awarded That May Vest Weighted- Average Grant Date Fair Value Various executives and employees RSU (1) 257 N/A $ 47.98 Directors RSU (1) 28 N/A $ 43.92 Various executives and employees PRSU (2) 138 0.0% - 172.5% $ 46.92 Various executives and employees PRSU (2) 76 0.0% - 150.0% $ 46.92 __________________________ (1) RSUs granted during the nine months ended September 30, 2019 vest on various dates between March 2020 and August 2022. (2) PRSUs granted during the nine months ended September 30, 2019 vest in April and August 2022. The number of units that ultimately vest is dependent on the achievement of certain performance criteria.

Restructuring and Other Charg_2

Restructuring and Other Charges, Net (Tables)	9 Months Ended
	Sep. 30, 2019
Restructuring and Related Activities [Abstract]
Restructuring and other charges, net	Restructuring and other charges, net for the three and nine months ended September 30, 2019 and 2018 were as follows: For the three months ended For the nine months ended September 30, 2019 September 30, 2018 September 30, 2019 September 30, 2018 Severance costs, net (1) $ 5,549 $ 4,888 $ 23,035 $ 8,208 Facility and other exit costs 208 187 245 877 Gain on sale of Valves Business (2) (4) — (63,688 ) — (63,688 ) Other (3) (4) 664 5,915 4,760 5,915 Restructuring and other charges, net $ 6,421 $ (52,698 ) $ 28,040 $ (48,688 ) ___________________________________ (1) Severance costs, net for the three and nine months ended September 30, 2019 and 2018 were primarily related to limited workforce reductions of manufacturing, engineering, and administrative positions as well as the elimination of certain positions related to site consolidations. Severance costs, net for the three months ended September 30, 2019 primarily comprise termination benefits provided under a one-time benefit arrangement related to the shutdown and relocation of an operating site in Germany. Severance costs, net for the nine months ended September 30, 2019 also included a charge of approximately $13 million related to benefits provided for under a voluntary retirement incentive program offered to a limited number of eligible employees in the U.S. The majority of these benefits were paid in the third quarter of 2019. (2) In the three months ended September 30, 2018 we completed the sale of the capital stock of Schrader Bridgeport International, Inc. and August France Holding Company SAS (collectively, the "Valves Business"). (3) Other charges in the three and nine months ended September 30, 2019 were primarily related to deferred compensation incurred in connection with the acquisition of GIGAVAC, LLC ("GIGAVAC"). Other charges in the three and nine months ended September 30, 2018 included incremental direct costs in order to transact the sale of the Valves Business. (4) Refer to Note 16, "Acquisitions and Divestitures," for further discussion of the acquisition of GIGAVAC and the divestiture of the Valves Business.
Changes to restructuring liability	Changes to the severance portion of our restructuring liability during the nine months ended September 30, 2019 were as follows: Severance Balance at December 31, 2018 $ 6,591 Charges, net of reversals 23,035 Payments (18,283 ) Impact of changes in foreign currency exchange rates (251 ) Balance at September 30, 2019 $ 11,092

Other, Net (Tables)

Other, Net (Tables)	9 Months Ended
	Sep. 30, 2019
Other Income and Expenses [Abstract]
Schedule of other, net	consisted of the following for the three and nine months ended September 30, 2019 and 2018 : For the three months ended For the nine months ended September 30, 2019 September 30, 2018 September 30, 2019 September 30, 2018 Currency remeasurement loss on net monetary assets $ (6,031 ) $ (9,568 ) $ (8,492 ) $ (18,497 ) Gain on foreign currency forward contracts 1,289 3,668 2,806 3,118 Gain/(loss) on commodity forward contracts 1,786 (4,233 ) 2,807 (8,854 ) Loss on debt financing (4,364 ) — (4,364 ) (2,350 ) Net periodic benefit cost, excluding service cost (272 ) (285 ) (846 ) (799 ) Other 32 (163 ) 164 1,115 Other, net $ (7,560 ) $ (10,581 ) $ (7,925 ) $ (26,267 )

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	We recorded provision for income taxes of the following in the periods presented: For the three months ended For the nine months ended September 30, 2019 September 30, 2018 September 30, 2019 September 30, 2018 Provision for income taxes $ 28,341 $ 24,562 $ 80,649 $ 62,086

Net Income per Share (Tables)

Net Income per Share (Tables)	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Schedule of weighted-average ordinary shares outstanding	For the three and nine months ended September 30, 2019 and 2018 the weighted-average ordinary shares outstanding for basic and diluted net income per share were as follows: For the three months ended For the nine months ended September 30, 2019 September 30, 2018 September 30, 2019 September 30, 2018 Basic weighted-average ordinary shares outstanding 160,458 167,290 161,774 170,045 Dilutive effect of stock options 530 886 578 898 Dilutive effect of unvested restricted securities 320 418 417 438 Diluted weighted-average ordinary shares outstanding 161,308 168,594 162,769 171,381
Schedule of antidilutive securities	These potential ordinary shares are as follows: For the three months ended For the nine months ended September 30, 2019 September 30, 2018 September 30, 2019 September 30, 2018 Anti-dilutive shares excluded 1,381 983 1,251 894 Contingently issuable shares excluded 767 807 679 801

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2019
Inventory Disclosure [Abstract]
Components of inventories	The components of inventories as of September 30, 2019 and December 31, 2018 were as follows: September 30, 2019 December 31, 2018 Finished goods $ 193,143 $ 187,095 Work-in-process 103,536 104,405 Raw materials 206,260 200,819 Inventories $ 502,939 $ 492,319

Pension and Other Post-Retire_2

Pension and Other Post-Retirement Benefits (Tables)	9 Months Ended
	Sep. 30, 2019
Retirement Benefits [Abstract]
Schedule of components of net periodic benefit cost	The components of net periodic benefit cost associated with our defined benefit and retiree healthcare plans for the three months ended September 30, 2019 and 2018 were as follows: U.S. Plans Non-U.S. Plans Defined Benefit Retiree Healthcare Defined Benefit Total 2019 2018 2019 2018 2019 2018 2019 2018 Service cost $ — $ — $ 2 $ 9 $ 715 $ 757 $ 717 $ 766 Interest cost 394 387 48 45 332 327 774 759 Expected return on plan assets (442 ) (415 ) — — (175 ) (230 ) (617 ) (645 ) Amortization of net loss 242 235 7 20 191 237 440 492 Amortization of prior service (credit)/cost — — (327 ) (530 ) 2 2 (325 ) (528 ) Loss on settlement — 207 — — — — — 207 Net periodic benefit cost/(credit) $ 194 $ 414 $ (270 ) $ (456 ) $ 1,065 $ 1,093 $ 989 $ 1,051 The components of net periodic benefit cost associated with our defined benefit and retiree healthcare plans for the nine months ended September 30, 2019 and 2018 were as follows: U.S. Plans Non-U.S. Plans Defined Benefit Retiree Healthcare Defined Benefit Total 2019 2018 2019 2018 2019 2018 2019 2018 Service cost $ — $ — $ 6 $ 47 $ 2,078 $ 2,392 $ 2,084 $ 2,439 Interest cost 1,192 1,078 154 185 1,008 1,001 2,354 2,264 Expected return on plan assets (1,344 ) (1,251 ) — — (526 ) (702 ) (1,870 ) (1,953 ) Amortization of net loss 732 835 29 20 574 372 1,335 1,227 Amortization of prior service (credit)/cost — — (981 ) (1,198 ) 8 3 (973 ) (1,195 ) Loss on settlement — 752 — — — — — 752 Gain on curtailment — — — — — (296 ) — (296 ) Net periodic benefit cost/(credit) $ 580 $ 1,414 $ (792 ) $ (946 ) $ 3,142 $ 2,770 $ 2,930 $ 3,238

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Schedule of long-term debt and capital lease and other financing obligations	Our long-term debt and finance lease and other financing obligations as of September 30, 2019 and December 31, 2018 consisted of the following: Maturity Date September 30, 2019 December 31, 2018 Term Loan September 20, 2026 $ 461,883 $ 917,794 4.875% Senior Notes October 15, 2023 500,000 500,000 5.625% Senior Notes November 1, 2024 400,000 400,000 5.0% Senior Notes October 1, 2025 700,000 700,000 6.25% Senior Notes February 15, 2026 750,000 750,000 4.375% Senior Notes February 15, 2030 450,000 — Less: discount (12,296 ) (15,169 ) Less: deferred financing costs (25,545 ) (23,159 ) Less: current portion (4,630 ) (9,704 ) Long-term debt, net $ 3,219,412 $ 3,219,762 Finance lease and other financing obligations $ 32,648 $ 35,475 Less: current portion (3,233 ) (4,857 ) Finance lease and other financing obligations, less current portion $ 29,415 $ 30,618

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2019
Equity [Abstract]
Roll forward of components of Accumulated other comprehensive loss	The following is a roll forward of the components of accumulated other comprehensive loss for the nine months ended September 30, 2019 : Cash Flow Hedges Defined Benefit and Retiree Healthcare Plans Accumulated Other Comprehensive Loss Balance at December 31, 2018 $ 9,184 $ (35,362 ) $ (26,178 ) Other comprehensive income before reclassifications, net of tax 27,725 — 27,725 Reclassifications from accumulated other comprehensive loss, net of tax (15,394 ) 249 (15,145 ) Other comprehensive income 12,331 249 12,580 Balance at September 30, 2019 $ 21,515 $ (35,113 ) $ (13,598 )
Summary of amounts reclassified from Accumulated other comprehensive loss	The details of the (gain)/loss reclassified from accumulated other comprehensive loss for the three and nine months ended September 30, 2019 and 2018 are as follows: For the three months ended September 30, For the nine months ended September 30, Affected Line in Condensed Consolidated Statements of Operations Component 2019 2018 2019 2018 Derivative instruments designated and qualifying as cash flow hedges: Foreign currency forward contracts $ (7,615 ) $ 1,490 $ (17,327 ) $ 20,438 Net revenue (1) Foreign currency forward contracts (968 ) (1,353 ) (2,037 ) (3,189 ) Cost of revenue (1) Foreign currency forward contracts — — — 1,376 Other, net (1) Total, before taxes (8,583 ) 137 (19,364 ) 18,625 Income before taxes Income tax effect 1,760 (34 ) 3,970 (4,656 ) Provision for income taxes Total, net of taxes $ (6,823 ) $ 103 $ (15,394 ) $ 13,969 Net income Defined benefit and retiree healthcare plans $ 115 $ 171 $ 362 $ 488 Other, net (2) Defined benefit and retiree healthcare plans — 228 — 228 Restructuring and other charges, net (3) Total, before taxes 115 399 362 716 Income before taxes Income tax effect (32 ) (32 ) (113 ) 111 Provision for income taxes Total, net of taxes $ 83 $ 367 $ 249 $ 827 Net income __________________________ (1) Refer to Note 15, "Derivative Instruments and Hedging Activities" for additional details on amounts to be reclassified from accumulated other comprehensive loss in future periods. (2) Refer to Note 10, "Pension and Other Post-Retirement Benefits" for additional details of net periodic benefit cost. (3) Amount represents an equity component of the Valves Business, which was sold in the third quarter of 2018. Refer to Note 5, "Restructuring and Other Charges, Net" and Note 16, "Acquisitions and Divestitures" for additional information related to the divestiture of the Valves Business.

Fair Value Measures (Tables)

Fair Value Measures (Tables)	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Schedule of assets and liabilities measured at fair value on a recurring basis	The fair values of our assets and liabilities measured at fair value on a recurring basis as of September 30, 2019 and December 31, 2018 are as shown in the below table. All fair value measures presented are categorized in Level 2 of the fair value hierarchy. September 30, 2019 December 31, 2018 Assets Foreign currency forward contracts $ 31,388 $ 17,871 Commodity forward contracts 2,799 831 Total $ 34,187 $ 18,702 Liabilities Foreign currency forward contracts $ 4,006 $ 5,165 Commodity forward contracts 1,506 4,137 Total $ 5,512 $ 9,302
Information about carrying values and fair values of financial instruments not recorded at fair value	The following table presents the carrying values and fair values of financial instruments not recorded at fair value in the condensed consolidated balance sheets as of September 30, 2019 and December 31, 2018 . All fair value measures presented are categorized in Level 2 of the fair value hierarchy. September 30, 2019 December 31, 2018 Carrying Value (1) Fair Value Carrying Value (1) Fair Value Liabilities Term Loan $ 461,883 $ 464,770 $ 917,794 $ 904,027 4.875% Senior Notes $ 500,000 $ 524,375 $ 500,000 $ 491,875 5.625% Senior Notes $ 400,000 $ 434,000 $ 400,000 $ 400,500 5.0% Senior Notes $ 700,000 $ 748,125 $ 700,000 $ 660,625 6.25% Senior Notes $ 750,000 $ 796,875 $ 750,000 $ 751,875 4.375% Senior Notes $ 450,000 $ 448,875 $ — $ — ___________________________________ (1) Excluding any related debt discounts and deferred financing costs.
Equity securities without readily determinable fair value	Refer to the table below for a detail of the carrying values of these investments, each of which are included in other assets. September 30, 2019 December 31, 2018 Quanergy Systems, Inc $ 50,000 $ 50,000 Lithium Balance (1) 3,700 — Total $ 53,700 $ 50,000 ___________________________________ (1) Our investment in Lithium Balance A/S ("Lithium Balance") was purchased in July 2019.

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	9 Months Ended
	Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of outstanding derivative instruments	As of September 30, 2019 we had the following outstanding foreign currency forward contracts: Notional (in millions) Effective Date(s) Maturity Date(s) Index (Exchange Rates) Weighted- Average Strike Rate Hedge Designation (1) 12.0 EUR September 26, 2019 October 31, 2019 Euro ("EUR") to USD 1.10 USD Not designated 339.7 EUR Various from July 2017 to September 2019 Various from October 2019 to August 2021 EUR to USD 1.19 USD Cash flow hedge 379.0 CNY September 25, 2019 October 31, 2019 USD to Chinese Renminbi ("CNY") 7.14 CNY Not designated 271.1 CNY January 10, 2019 Various from October to December 2019 USD to CNY 6.82 CNY Cash flow hedge 709.0 JPY September 26, 2019 October 31, 2019 USD to Japanese Yen ("JPY") 107.20 JPY Not designated 23,821.4 KRW Various from November 2017 to September 2019 Various from October 2019 to August 2021 USD to Korean Won ("KRW") 1,119.73 KRW Cash flow hedge 22.0 MYR September 25, 2019 October 31, 2019 USD to Malaysian Ringgit ("MYR") 4.21 MYR Not designated 131.0 MXN September 26, 2019 October 31, 2019 USD to Mexican Peso ("MXN") 19.67 MXN Not designated 2,823.8 MXN Various from November 2017 to September 2019 Various from October 2019 to August 2021 USD to MXN 20.88 MXN Cash flow hedge 47.8 GBP Various from November 2017 to September 2019 Various from October 2019 to August 2021 British Pound Sterling ("GBP") to USD 1.31 USD Cash flow hedge _________________________ (1) Derivative financial instruments not designated as hedges are used to manage our exposure to currency exchange rate risk. They are intended to preserve economic value, and they are not used for trading or speculative purposes. As of September 30, 2019 we had the following outstanding commodity forward contracts: Commodity Notional Remaining Contracted Periods Weighted-Average Strike Price Per Unit Silver 888,764 troy oz. October 2019-September 2021 $16.42 Gold 8,116 troy oz. October 2019-September 2021 $1,373.99 Nickel 236,380 pounds October 2019-September 2021 $6.15 Aluminum 3,680,177 pounds October 2019-September 2021 $0.90 Copper 2,406,213 pounds October 2019-September 2021 $2.89 Platinum 7,171 troy oz. October 2019-September 2021 $894.43 Palladium 823 troy oz. October 2019-September 2021 $1,330.48
Schedule of fair values of derivative financial instruments and their classification in balance sheets	The following table presents the fair values of our derivative financial instruments and their classification in the condensed consolidated balance sheets as of September 30, 2019 and December 31, 2018 : Asset Derivatives Liability Derivatives Balance Sheet Location September 30, 2019 December 31, 2018 Balance Sheet Location September 30, 2019 December 31, 2018 Derivatives designated as hedging instruments Foreign currency forward contracts Prepaid expenses and other current assets $ 27,433 $ 14,608 Accrued expenses and other current liabilities $ 2,956 $ 3,615 Foreign currency forward contracts Other assets 3,902 3,168 Other long-term liabilities 652 1,134 Total $ 31,335 $ 17,776 $ 3,608 $ 4,749 Derivatives not designated as hedging instruments Commodity forward contracts Prepaid expenses and other current assets $ 2,320 $ 524 Accrued expenses and other current liabilities $ 1,154 $ 3,679 Commodity forward contracts Other assets 479 307 Other long-term liabilities 352 458 Foreign currency forward contracts Prepaid expenses and other current assets 53 95 Accrued expenses and other current liabilities 398 416 Total $ 2,852 $ 926 $ 1,904 $ 4,553
Schedule of effect of derivative financial instruments on statements of operations	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 September 30, 2019 and 2018 : Derivatives designated as hedging instruments Amount of Deferred Gain/(Loss) Recognized in Other Comprehensive Income Location of Net Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Net Income Amount of Net Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Net Income 2019 2018 2019 2018 Foreign currency forward contracts $ 19,797 $ 7,190 Net revenue $ 7,615 $ (1,490 ) Foreign currency forward contracts $ (2,514 ) $ 6,464 Cost of revenue $ 968 $ 1,353 Derivatives not designated as hedging instruments Amount of Gain/(Loss) Recognized in Net Income Location of Gain/(Loss) Recognized in Net Income 2019 2018 Commodity forward contracts $ 1,786 $ (4,233 ) Other, net Foreign currency forward contracts $ 1,289 $ 3,668 Other, net 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 nine months ended September 30, 2019 and 2018 : Derivatives designated as Amount of Deferred Gain Recognized in Other Comprehensive Income Location of Net Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Net Income Amount of Net Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Net Income 2019 2018 2019 2018 Foreign currency forward contracts $ 30,124 $ 22,993 Net revenue $ 17,327 $ (20,438 ) Foreign currency forward contracts $ 3,946 $ 11,122 Cost of revenue $ 2,037 $ 3,189 Foreign currency forward contracts $ — $ — Other, net $ — $ (1,376 ) Derivatives not designated as Amount of Gain/(Loss) Recognized in Net Income Location of Gain/(Loss) Recognized in Net Income 2019 2018 Commodity forward contracts $ 2,807 $ (8,854 ) Other, net Foreign currency forward contracts $ 2,806 $ 4,494 Other, net

Acquisitions and Divestitures (

Acquisitions and Divestitures (Tables)	9 Months Ended
	Sep. 30, 2019
Business Combinations [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table summarizes the preliminary allocation of the purchase price to the estimated fair values of the assets acquired and liabilities assumed: Net working capital, excluding cash $ 16,980 Property, plant and equipment 4,384 Goodwill 113,731 Other intangible assets 122,742 Other assets 63 Deferred income tax liabilities (27,000 ) Other long-term liabilities (1,000 ) Fair value of net assets acquired, excluding cash and cash equivalents 229,900 Cash and cash equivalents 359 Fair value of net assets acquired $ 230,259
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination	The following table presents the acquired intangible assets, their estimated fair values, and weighted-average lives: Acquisition Date Fair Value Weighted-Average Lives (years) Acquired definite-lived intangible assets: Customer relationships $ 74,500 10 Completed technologies 31,040 13 Tradenames 15,400 15 Other 1,802 6 Total definite-lived intangible assets acquired $ 122,742 12

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Schedule of segment reporting information by segment	The following table presents net revenue and segment operating income for the reported segments and other operating results not allocated to the reported segments for the three and nine months ended September 30, 2019 and 2018 : For the three months ended For the nine months ended September 30, 2019 September 30, 2018 September 30, 2019 September 30, 2018 Net revenue: Performance Sensing $ 628,593 $ 649,611 $ 1,913,137 $ 1,988,657 Sensing Solutions 221,122 223,941 690,803 685,048 Total net revenue $ 849,715 $ 873,552 $ 2,603,940 $ 2,673,705 Segment operating income (as defined above): Performance Sensing $ 165,076 $ 178,391 $ 483,657 $ 535,166 Sensing Solutions 70,952 73,295 223,036 224,249 Total segment operating income 236,028 251,686 706,693 759,415 Corporate and other (47,570 ) (48,154 ) (134,407 ) (156,472 ) Amortization of intangible assets (35,905 ) (33,911 ) (108,079 ) (103,574 ) Restructuring and other charges, net (6,421 ) 52,698 (28,040 ) 48,688 Operating income 146,132 222,319 436,167 548,057 Interest expense, net (39,556 ) (38,058 ) (118,417 ) (114,808 ) Other, net (7,560 ) (10,581 ) (7,925 ) (26,267 ) Income before taxes $ 99,016 $ 173,680 $ 309,825 $ 406,982

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Schedule of Adjustments for New Lease Guidance	The below adjustments were made to our condensed consolidated balance sheet on January 1, 2019 to reflect the new guidance: December 31, 2018 Adjustment January 1, 2019 Prepaid expenses and other current assets $ 113,234 $ (253 ) $ 112,981 Other intangible assets, net $ 897,191 $ (1,510 ) $ 895,681 Other assets $ 86,890 $ 58,496 $ 145,386 Accrued expenses and other current liabilities $ 218,130 $ 12,119 $ 230,249 Other long-term liabilities $ 39,277 $ 44,614 $ 83,891
Schedule of Amounts Recognized in Consolidated Balance Sheet	The table below presents the amounts recognized and location of recognition in our condensed consolidated balance sheet as of September 30, 2019 related to our operating and finance leases: September 30, 2019 Operating lease right-of-use assets: Other assets $ 56,200 Total operating lease right-of-use assets $ 56,200 Operating lease liabilities: Accrued expenses and other current liabilities $ 10,773 Other long-term liabilities 45,695 Total operating lease liabilities $ 56,468 Finance lease right-of-use assets: Property, plant and equipment, at cost $ 49,714 Accumulated depreciation (23,864 ) Property, plant and equipment, net $ 25,850 Finance lease liabilities: Current portion of long-term debt, finance lease and other financing obligations $ 2,116 Finance lease and other financing obligations, less current portion 29,209 Total finance lease liabilities $ 31,325
Lease Cost	The table below presents our weighted-average discount rate as of September 30, 2019 : September 30, 2019 Operating leases 5.7 % Finance leases 8.5 % The table below presents the lease liabilities arising from obtaining right-of-use assets in the nine months ended September 30, 2019 : For the nine months ended September 30, 2019 Operating leases $ 3,837 Finance leases $ — nine months ended September 30, 2019 : For the nine months ended September 30, 2019 Operating cash flows from operating leases $ 11,887 Operating cash flows from finance leases $ 1,961 Financing cash flows from finance leases $ 1,264 September 30, 2019 Operating leases 8.1 Finance leases 12.7 three and nine months ended September 30, 2019 : For the three months ended For the nine months ended September 30, 2019 September 30, 2019 Operating lease cost $ 3,817 $ 12,041 Finance lease cost: Amortization of right-of-use assets $ 452 $ 1,356 Interest on lease liabilities 671 2,031 Total finance lease cost $ 1,123 $ 3,387
Maturity of Obligations related to Financing Leases	The table below presents a maturity analysis of the obligations related to our operating lease liabilities and finance lease liabilities in effect as of September 30, 2019 : Operating Leases Finance Leases Year ending December 31, 2019 (excluding the nine months ended September 30, 2019) $ 3,869 $ 1,434 2020 13,861 4,513 2021 10,317 4,035 2022 8,344 3,685 2023 7,080 3,744 Thereafter 29,960 36,228 Total undiscounted cash flows related to lease liabilities 73,431 53,639 Less imputed interest (16,963 ) (22,314 ) Total lease liabilities $ 56,468 $ 31,325
Maturity of Obligations related to Operating Leases	The table below presents a maturity analysis of the obligations related to our operating lease liabilities and finance lease liabilities in effect as of September 30, 2019 : Operating Leases Finance Leases Year ending December 31, 2019 (excluding the nine months ended September 30, 2019) $ 3,869 $ 1,434 2020 13,861 4,513 2021 10,317 4,035 2022 8,344 3,685 2023 7,080 3,744 Thereafter 29,960 36,228 Total undiscounted cash flows related to lease liabilities 73,431 53,639 Less imputed interest (16,963 ) (22,314 ) Total lease liabilities $ 56,468 $ 31,325

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Disaggregation of Revenue [Line Items]
Net revenue	$ 849,715	$ 873,552	$ 2,603,940	$ 2,673,705
Performance Sensing
Disaggregation of Revenue [Line Items]
Net revenue	628,593	649,611	1,913,137	1,988,657
Sensing Solutions
Disaggregation of Revenue [Line Items]
Net revenue	221,122	223,941	690,803	685,048
Automotive
Disaggregation of Revenue [Line Items]
Net revenue	504,413	519,505	1,516,824	1,608,742
Automotive | Performance Sensing
Disaggregation of Revenue [Line Items]
Net revenue	493,675	507,961	1,483,986	1,570,340
Automotive | Sensing Solutions
Disaggregation of Revenue [Line Items]
Net revenue	10,738	11,544	32,838	38,402
HVOR
Disaggregation of Revenue [Line Items]
Net revenue	134,918	141,650	429,151	418,317
HVOR | Performance Sensing
Disaggregation of Revenue [Line Items]
Net revenue	134,918	141,650	429,151	418,317
HVOR | Sensing Solutions
Disaggregation of Revenue [Line Items]
Net revenue	0	0	0	0
Appliance and HVAC
Disaggregation of Revenue [Line Items]
Net revenue	49,724	53,505	157,260	164,432
Appliance and HVAC | Performance Sensing
Disaggregation of Revenue [Line Items]
Net revenue	0	0	0	0
Appliance and HVAC | Sensing Solutions
Disaggregation of Revenue [Line Items]
Net revenue	49,724	53,505	157,260	164,432
Industrial
Disaggregation of Revenue [Line Items]
Net revenue	83,718	84,057	272,177	253,289
Industrial | Performance Sensing
Disaggregation of Revenue [Line Items]
Net revenue	0	0	0	0
Industrial | Sensing Solutions
Disaggregation of Revenue [Line Items]
Net revenue	83,718	84,057	272,177	253,289
Aerospace
Disaggregation of Revenue [Line Items]
Net revenue	41,962	41,062	129,843	123,268
Aerospace | Performance Sensing
Disaggregation of Revenue [Line Items]
Net revenue	0	0	0	0
Aerospace | Sensing Solutions
Disaggregation of Revenue [Line Items]
Net revenue	41,962	41,062	129,843	123,268
Other
Disaggregation of Revenue [Line Items]
Net revenue	34,980	33,773	98,685	105,657
Other | Performance Sensing
Disaggregation of Revenue [Line Items]
Net revenue	0	0	0	0
Other | Sensing Solutions
Disaggregation of Revenue [Line Items]
Net revenue	$ 34,980	$ 33,773	$ 98,685	$ 105,657

Share-Based Payment Plans - Sha

Share-Based Payment Plans - Share-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 2,763	$ 6,311	$ 15,188	$ 17,813
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	1,499	1,381	4,987	4,459
Restricted securities
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 1,264	$ 4,930	$ 10,201	$ 13,354

Share-Based Payment Plans - Equ

Share-Based Payment Plans - Equity Awards (Details) shares in Thousands	9 Months Ended
	Sep. 30, 2019$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of units granted (in shares) | shares	382
Weighted average grant date fair value of units (in dollars per share) | $ / shares	$ 13.90
Share-based Payment Arrangement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation arrangement by share based payment award annual vesting percentage	25.00%
Share-based compensation arrangement by share-based payment award, award vesting period	4 years
Various executives and employees | Restricted Stock Without Performance Criteria
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of units granted (in shares) | shares	257
Weighted-average grant date fair value (in dollars per share) | $ / shares	$ 47.98
Various executives and employees | Awards that May Vest, Percentage 0.0% to 172.5% | Restricted Securities With Performance Criteria
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of units granted (in shares) | shares	138
Share-based compensation arrangement by share-based payment award, equity instruments other than options, grants in period, threshold range, lower range limit	0.00%
Share-based compensation arrangement by share-based payment award, equity instruments other than options, grants in period, threshold range, upper range limit	172.50%
Weighted-average grant date fair value (in dollars per share) | $ / shares	$ 46.92
Various executives and employees | Awards That May Vest, Percentage 0.0% to 150.0% | Restricted Securities With Performance Criteria
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of units granted (in shares) | shares	76
Share-based compensation arrangement by share-based payment award, equity instruments other than options, grants in period, threshold range, lower range limit	0.00%
Share-based compensation arrangement by share-based payment award, equity instruments other than options, grants in period, threshold range, upper range limit	150.00%
Weighted-average grant date fair value (in dollars per share) | $ / shares	$ 46.92
Directors | Restricted Stock Without Performance Criteria
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of units granted (in shares) | shares	28
Weighted-average grant date fair value (in dollars per share) | $ / shares	$ 43.92

Restructuring and Other Charg_3

Restructuring and Other Charges, Net - Schedule of Restructuring and Other Charges, Net (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Restructuring and Related Activities [Abstract]
Severance costs, net	$ 5,549	$ 4,888	$ 23,035	$ 8,208
Facility and other exit costs	208	187	245	877
Gain on sale of Valves Business	0	(63,688)	0	(63,688)
Other	664	5,915	4,760	5,915
Restructuring and other charges, net	$ 6,421	$ (52,698)	$ 28,040	$ (48,688)

Restructuring and Other Charg_4

Restructuring and Other Charges, Net - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Restructuring and Related Activities [Abstract]
Severance costs, net	$ 13	$ 13

Restructuring and Other Charg_5

Restructuring and Other Charges, Net - Schedule of Changes to Restructuring Liability (Details) - Severance $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)
Restructuring Reserve [Roll Forward]
Balance at December 31, 2018	$ 6,591
Charges, net of reversals	23,035
Payments	(18,283)
Impact of changes in foreign currency exchange rates	(251)
Balance at September 30, 2019	$ 11,092

Other, Net (Details)

Other, Net (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Other Income and Expenses [Abstract]
Currency remeasurement loss on net monetary assets	$ (6,031)	$ (9,568)	$ (8,492)	$ (18,497)
Gain on foreign currency forward contracts	1,289	3,668	2,806	3,118
Gain/(loss) on commodity forward contracts	1,786	(4,233)	2,807	(8,854)
Loss on debt financing	(4,364)	0	(4,364)	(2,350)
Net periodic benefit cost, excluding service cost	(272)	(285)	(846)	(799)
Other	32	(163)	164	1,115
Other, net	$ (7,560)	$ (10,581)	$ (7,925)	$ (26,267)

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Tax Disclosure [Abstract]
Provision for income taxes	$ 28,341	$ 24,562	$ 80,649	$ 62,086

Net Income per Share - Schedule

Net Income per Share - Schedule of Weighted Average Number of Shares (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Weighted Average Number of Shares Outstanding, Diluted [Abstract]
Basic weighted-average ordinary shares outstanding (in shares)	160,458	167,290	161,774	170,045
Dilutive effect of stock options (in shares)	530	886	578	898
Dilutive effect of unvested restricted securities (in shares)	320	418	417	438
Diluted weighted-average ordinary shares outstanding (in shares)	161,308	168,594	162,769	171,381

Net Income per Share - Schedu_2

Net Income per Share - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Anti-dilutive shares excluded
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	1,381	983	1,251	894
Contingently issuable shares excluded
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	767	807	679	801

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Inventory, Net [Abstract]
Finished goods	$ 193,143	$ 187,095
Work-in-process	103,536	104,405
Raw materials	206,260	200,819
Inventories	$ 502,939	$ 492,319

Pension and Other Post-Retire_3

Pension and Other Post-Retirement Benefits - Schedule of components of net periodic benefit cost (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Service cost	$ 717	$ 766	$ 2,084	$ 2,439
Interest cost	774	759	2,354	2,264
Expected return on plan assets	(617)	(645)	(1,870)	(1,953)
Amortization of net loss	440	492	1,335	1,227
Amortization of prior service (credit)/cost	(325)	(528)	(973)	(1,195)
Loss on settlement	0	207	0	752
Gain on curtailment			0	(296)
Net periodic benefit cost/(credit)	989	1,051	2,930	3,238
U.S. Plans | Defined Benefit
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Service cost	0	0	0	0
Interest cost	394	387	1,192	1,078
Expected return on plan assets	(442)	(415)	(1,344)	(1,251)
Amortization of net loss	242	235	732	835
Amortization of prior service (credit)/cost	0	0	0	0
Loss on settlement	0	207	0	752
Gain on curtailment			0	0
Net periodic benefit cost/(credit)	194	414	580	1,414
U.S. Plans | Retiree Healthcare
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Service cost	2	9	6	47
Interest cost	48	45	154	185
Expected return on plan assets	0	0	0	0
Amortization of net loss	7	20	29	20
Amortization of prior service (credit)/cost	(327)	(530)	(981)	(1,198)
Loss on settlement	0	0	0	0
Gain on curtailment			0	0
Net periodic benefit cost/(credit)	(270)	(456)	(792)	(946)
Non-U.S. Plans | Defined Benefit
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Service cost	715	757	2,078	2,392
Interest cost	332	327	1,008	1,001
Expected return on plan assets	(175)	(230)	(526)	(702)
Amortization of net loss	191	237	574	372
Amortization of prior service (credit)/cost	2	2	8	3
Loss on settlement	0	0	0	0
Gain on curtailment			0	(296)
Net periodic benefit cost/(credit)	$ 1,065	$ 1,093	$ 3,142	$ 2,770

Debt - Debt Schedule (Details)

Debt - Debt Schedule (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Sep. 20, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Less: discount	$ (12,296)		$ (15,169)
Less: deferred financing costs	(25,545)		(23,159)
Less: current portion	(4,630)		(9,704)
Long-term debt, net	3,219,412		3,219,762
Finance lease and other financing obligations	32,648		35,475
Less: current portion	(3,233)		(4,857)
Finance lease and other financing obligations, less current portion	$ 29,415		30,618
4.875% Senior Notes
Debt Instrument [Line Items]
Stated interest rate	4.875%
5.625% Senior Notes
Debt Instrument [Line Items]
Stated interest rate	5.625%
5.0% Senior Notes
Debt Instrument [Line Items]
Stated interest rate	5.00%
6.25% Senior Notes
Debt Instrument [Line Items]
Stated interest rate	6.25%
4.375% Senior Notes
Debt Instrument [Line Items]
Stated interest rate	4.375%
Secured Debt | Term Loan
Debt Instrument [Line Items]
Gross long-term debt	$ 461,883		917,794
Senior Notes | 4.875% Senior Notes
Debt Instrument [Line Items]
Gross long-term debt	500,000		500,000
Senior Notes | 5.625% Senior Notes
Debt Instrument [Line Items]
Gross long-term debt	400,000		400,000
Senior Notes | 5.0% Senior Notes
Debt Instrument [Line Items]
Gross long-term debt	700,000		700,000
Senior Notes | 6.25% Senior Notes
Debt Instrument [Line Items]
Gross long-term debt	$ 750,000		750,000
Senior Notes | 4.375% Senior Notes
Debt Instrument [Line Items]
Stated interest rate	4.375%	4.375%
Gross long-term debt	$ 450,000	$ 450,000	$ 0

Debt - Narrative (Details)

Debt - Narrative (Details) $ in Thousands	Sep. 20, 2019USD ($)	Sep. 30, 2019USD ($)	Mar. 27, 2019USD ($)	Mar. 26, 2019	Dec. 31, 2018USD ($)
Debt Instrument [Line Items]
Accrued interest		$ 45,500			$ 40,600
4.875% Senior Notes
Debt Instrument [Line Items]
Stated interest rate		4.875%
5.625% Senior Notes
Debt Instrument [Line Items]
Stated interest rate		5.625%
5.0% Senior Notes
Debt Instrument [Line Items]
Stated interest rate		5.00%
6.25% Senior Notes
Debt Instrument [Line Items]
Stated interest rate		6.25%
4.375% Senior Notes
Debt Instrument [Line Items]
Stated interest rate		4.375%
Line of Credit | Amendment To Credit Agreement
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 420,000
Leverage ratio			0.20	0.10
Line of credit facility, periodic payment	$ 50,000
Creditor fees and related third party costs			$ 2,400
Line of Credit | Revolving Credit Facility
Debt Instrument [Line Items]
Amount available under revolving credit facility		$ 416,100
Letters of credit outstanding, amount		3,900
Line of Credit | Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount		0
Senior Notes | 4.875% Senior Notes
Debt Instrument [Line Items]
Gross long-term debt		500,000			500,000
Senior Notes | 5.625% Senior Notes
Debt Instrument [Line Items]
Gross long-term debt		400,000			400,000
Senior Notes | 5.0% Senior Notes
Debt Instrument [Line Items]
Gross long-term debt		700,000			700,000
Senior Notes | 6.25% Senior Notes
Debt Instrument [Line Items]
Gross long-term debt		$ 750,000			750,000
Senior Notes | 4.375% Senior Notes
Debt Instrument [Line Items]
Stated interest rate	4.375%	4.375%
Redemption price percent	100.00%
Redemption price percent on changes in control	101.00%
Gain (loss) on extinguishment of debt		$ 4,400
Deferred financing costs		$ 5,000
Redemption price, percentage of principal amount redeemed		100.00%
Gross long-term debt	$ 450,000	$ 450,000			$ 0

Commitments and Contingencies

Commitments and Contingencies (Details) $ in Millions	Sep. 30, 2019USD ($)
Metal Seal Precision, LTD v. Sensata Technologies Inc. | Maximum
Loss Contingencies [Line Items]
Estimate of possible loss	$ 51

Shareholders' Equity - Narrativ

Shareholders' Equity - Narrative (Details) - USD ($)	Sep. 30, 2019	Jul. 30, 2019
Equity [Abstract]
Stock repurchase program, authorized amount	$ 250,000,000	$ 500,000,000

Shareholders' Equity - AOCI Rol

Shareholders' Equity - AOCI Roll Forward (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	$ 2,617,063	$ 2,522,807	$ 2,608,434	$ 2,345,626
Other comprehensive income	7,000	13,953	12,580	44,203
Ending Balance	2,602,888	2,355,498	2,602,888	2,355,498
Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance			9,184
Other comprehensive income before reclassifications, net of tax			27,725
Reclassifications from accumulated other comprehensive loss, net of tax			(15,394)
Other comprehensive income			12,331
Ending Balance	21,515		21,515
Defined Benefit and Retiree Healthcare Plans
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance			(35,362)
Other comprehensive income before reclassifications, net of tax			0
Reclassifications from accumulated other comprehensive loss, net of tax			249
Other comprehensive income			249
Ending Balance	(35,113)		(35,113)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(20,598)	(32,914)	(26,178)	(63,164)
Other comprehensive income before reclassifications, net of tax			27,725
Reclassifications from accumulated other comprehensive loss, net of tax			(15,145)
Other comprehensive income			12,580
Ending Balance	$ (13,598)	$ (18,961)	$ (13,598)	$ (18,961)

Shareholders' Equity - AOCI Rec

Shareholders' Equity - AOCI Reclassifications (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net revenue	$ 849,715	$ 873,552	$ 2,603,940	$ 2,673,705
Cost of revenue	554,910	558,334	1,710,951	1,723,300
Other, net	(7,560)	(10,581)	(7,925)	(26,267)
Restructuring and other charges, net	6,421	(52,698)	28,040	(48,688)
Income before taxes	99,016	173,680	309,825	406,982
Provision for income taxes	(28,341)	(24,562)	(80,649)	(62,086)
Net income	70,675	149,118	229,176	344,896
(Gain)/Loss Reclassified from Accumulated Other Comprehensive Loss | Derivative instruments designated and qualifying as cash flow hedges:
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income before taxes	(8,583)	137	(19,364)	18,625
Provision for income taxes	1,760	(34)	3,970	(4,656)
Net income	(6,823)	103	(15,394)	13,969
(Gain)/Loss Reclassified from Accumulated Other Comprehensive Loss | Derivative instruments designated and qualifying as cash flow hedges: | Foreign currency forward contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net revenue	(7,615)	1,490	(17,327)	20,438
Cost of revenue	(968)	(1,353)	(2,037)	(3,189)
Other, net	0	0	0	1,376
(Gain)/Loss Reclassified from Accumulated Other Comprehensive Loss | Defined benefit and retiree healthcare plans
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other, net	115	171	362	488
Restructuring and other charges, net	0	228	0	228
Income before taxes	115	399	362	716
Provision for income taxes	(32)	(32)	(113)	111
Net income	$ 83	$ 367	$ 249	$ 827

Fair Value Measures - Schedule

Fair Value Measures - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) - Level 2 - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Assets
Foreign currency forward contracts	$ 31,388	$ 17,871
Commodity forward contracts	2,799	831
Total	34,187	18,702
Liabilities
Foreign currency forward contracts	4,006	5,165
Commodity forward contracts	1,506	4,137
Total	$ 5,512	$ 9,302

Fair Value Measures - Financial

Fair Value Measures - Financial Instruments Not Recorded at Fair Value (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
4.875% Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Stated interest rate	4.875%
5.625% Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Stated interest rate	5.625%
5.0% Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Stated interest rate	5.00%
6.25% Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Stated interest rate	6.25%
Level 2 | Term Loan
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	$ 464,770	$ 904,027
Level 2 | 4.875% Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	524,375	491,875
Level 2 | 5.625% Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	434,000	400,500
Level 2 | 5.0% Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	748,125	660,625
Level 2 | 6.25% Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	796,875	751,875
Level 2 | 4.375% Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	448,875	0
Level 2 | Carrying Value | Term Loan
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	461,883	917,794
Level 2 | Carrying Value | 4.875% Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	500,000	500,000
Level 2 | Carrying Value | 5.625% Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	400,000	400,000
Level 2 | Carrying Value | 5.0% Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	700,000	700,000
Level 2 | Carrying Value | 6.25% Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	750,000	750,000
Level 2 | Carrying Value | 4.375% Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	$ 450,000	$ 0

Fair Value Measures Equity inst

Fair Value Measures Equity instruments without readily determinable fair values (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Schedule of Equity Method Investments [Line Items]
Equity investment	$ 53,700	$ 50,000
Quanergy Systems, Inc.
Schedule of Equity Method Investments [Line Items]
Equity investment	50,000	50,000
Lithium Balance A/S
Schedule of Equity Method Investments [Line Items]
Equity investment	$ 3,700	$ 0

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities - Narrative (Details)	Sep. 30, 2019USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Foreign currency cash flow gain to be reclassified during next 12 months	$ 24,700,000
Termination value of outstanding derivatives in a liability position	5,500,000
Collateral already posted, aggregate fair value	$ 0

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities - Schedule of Derivative Instruments (Details) - Sep. 30, 2019 € in Millions, ₩ in Millions, ¥ in Millions, ¥ in Millions, £ in Millions, RM in Millions, $ in Millions	KRW (₩)oztlb$ / ¥$ / RM$ / $£ / $$ / ₩$ / ¥€ / $	EUR (€)oztlb$ / ¥$ / RM$ / $£ / $$ / ₩$ / ¥€ / $	CNY (¥)oztlb$ / ¥$ / RM$ / $£ / $$ / ₩$ / ¥€ / $	MYR (RM)oztlb$ / ¥$ / RM$ / $£ / $$ / ₩$ / ¥€ / $	MXN ($)oztlb$ / ¥$ / RM$ / $£ / $$ / ₩$ / ¥€ / $	GBP (£)oztlb$ / ¥$ / RM$ / $£ / $$ / ₩$ / ¥€ / $	JPY (¥)oztlb$ / ¥$ / RM$ / $£ / $$ / ₩$ / ¥€ / $
Foreign currency forward contracts | Not designated | Euro (EUR) to USD
Hedges of Foreign Currency Risk
Notional | €		€ 12
Weighted- Average Strike Rate | € / $	1.10	1.10	1.10	1.10	1.10	1.10	1.10
Foreign currency forward contracts | Not designated | USD to Chinese Renminbi (CNY)
Hedges of Foreign Currency Risk
Notional | ¥			¥ 379
Weighted- Average Strike Rate | $ / ¥	7.14	7.14	7.14	7.14	7.14	7.14	7.14
Foreign currency forward contracts | Not designated | USD to Japanese Yen (JPY)
Hedges of Foreign Currency Risk
Notional | ¥							¥ 709
Weighted- Average Strike Rate | $ / ¥	107.20	107.20	107.20	107.20	107.20	107.20	107.20
Foreign currency forward contracts | Not designated | USD to Malaysian Ringgit (MYR)
Hedges of Foreign Currency Risk
Notional | RM				RM 22
Weighted- Average Strike Rate | $ / RM	4.21	4.21	4.21	4.21	4.21	4.21	4.21
Foreign currency forward contracts | Not designated | USD to Mexican Peso (MXN)
Hedges of Foreign Currency Risk
Notional | $					$ 131
Weighted- Average Strike Rate | $ / $	19.67	19.67	19.67	19.67	19.67	19.67	19.67
Foreign currency forward contracts | Cash flow hedge | Euro (EUR) to USD
Hedges of Foreign Currency Risk
Notional | €		€ 339.7
Weighted- Average Strike Rate | € / $	1.19	1.19	1.19	1.19	1.19	1.19	1.19
Foreign currency forward contracts | Cash flow hedge | USD to Chinese Renminbi (CNY)
Hedges of Foreign Currency Risk
Notional | ¥			¥ 271.1
Weighted- Average Strike Rate | $ / ¥	6.82	6.82	6.82	6.82	6.82	6.82	6.82
Foreign currency forward contracts | Cash flow hedge | USD to Korean Won (KRW)
Hedges of Foreign Currency Risk
Notional | ₩	₩ 23,821.4
Weighted- Average Strike Rate | $ / ₩	1,119.73	1,119.73	1,119.73	1,119.73	1,119.73	1,119.73	1,119.73
Foreign currency forward contracts | Cash flow hedge | USD to Mexican Peso (MXN)
Hedges of Foreign Currency Risk
Notional | $					$ 2,823.8
Weighted- Average Strike Rate | $ / $	20.88	20.88	20.88	20.88	20.88	20.88	20.88
Foreign currency forward contracts | Cash flow hedge | British Pound Sterling to USD
Hedges of Foreign Currency Risk
Notional | £						£ 47.8
Weighted- Average Strike Rate | £ / $	1.31	1.31	1.31	1.31	1.31	1.31	1.31
Silver | Not designated
Hedges of Foreign Currency Risk
Weighted- Average Strike Rate	16.42	16.42	16.42	16.42	16.42	16.42	16.42
Hedges of Commodity Risk
Notional	888,764	888,764	888,764	888,764	888,764	888,764	888,764
Gold | Not designated
Hedges of Foreign Currency Risk
Weighted- Average Strike Rate	1,373.99	1,373.99	1,373.99	1,373.99	1,373.99	1,373.99	1,373.99
Hedges of Commodity Risk
Notional	8,116	8,116	8,116	8,116	8,116	8,116	8,116
Nickel | Not designated
Hedges of Foreign Currency Risk
Weighted- Average Strike Rate	6.15	6.15	6.15	6.15	6.15	6.15	6.15
Hedges of Commodity Risk
Notional | lb	236,380	236,380	236,380	236,380	236,380	236,380	236,380
Aluminum | Not designated
Hedges of Foreign Currency Risk
Weighted- Average Strike Rate	0.90	0.90	0.90	0.90	0.90	0.90	0.90
Hedges of Commodity Risk
Notional | lb	3,680,177	3,680,177	3,680,177	3,680,177	3,680,177	3,680,177	3,680,177
Copper | Not designated
Hedges of Foreign Currency Risk
Weighted- Average Strike Rate	2.89	2.89	2.89	2.89	2.89	2.89	2.89
Hedges of Commodity Risk
Notional | lb	2,406,213	2,406,213	2,406,213	2,406,213	2,406,213	2,406,213	2,406,213
Platinum | Not designated
Hedges of Foreign Currency Risk
Weighted- Average Strike Rate	894.43	894.43	894.43	894.43	894.43	894.43	894.43
Hedges of Commodity Risk
Notional	7,171	7,171	7,171	7,171	7,171	7,171	7,171
Palladium | Not designated
Hedges of Foreign Currency Risk
Weighted- Average Strike Rate	1,330.48	1,330.48	1,330.48	1,330.48	1,330.48	1,330.48	1,330.48
Hedges of Commodity Risk
Notional	823	823	823	823	823	823	823

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities - Fair Value (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Cash flow hedge
Derivatives, Fair Value [Line Items]
Asset Derivatives	$ 31,335	$ 17,776
Liability Derivatives	3,608	4,749
Not designated
Derivatives, Fair Value [Line Items]
Asset Derivatives	2,852	926
Liability Derivatives	1,904	4,553
Foreign currency forward contracts | Cash flow hedge | Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Asset Derivatives	27,433	14,608
Foreign currency forward contracts | Cash flow hedge | Other assets
Derivatives, Fair Value [Line Items]
Asset Derivatives	3,902	3,168
Foreign currency forward contracts | Cash flow hedge | Accrued expenses and other current liabilities
Derivatives, Fair Value [Line Items]
Liability Derivatives	2,956	3,615
Foreign currency forward contracts | Cash flow hedge | Other long-term liabilities
Derivatives, Fair Value [Line Items]
Liability Derivatives	652	1,134
Foreign currency forward contracts | Not designated | Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Asset Derivatives	53	95
Foreign currency forward contracts | Not designated | Accrued expenses and other current liabilities
Derivatives, Fair Value [Line Items]
Liability Derivatives	398	416
Commodity forward contracts | Not designated | Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Asset Derivatives	2,320	524
Commodity forward contracts | Not designated | Other assets
Derivatives, Fair Value [Line Items]
Asset Derivatives	479	307
Commodity forward contracts | Not designated | Accrued expenses and other current liabilities
Derivatives, Fair Value [Line Items]
Liability Derivatives	1,154	3,679
Commodity forward contracts | Not designated | Other long-term liabilities
Derivatives, Fair Value [Line Items]
Liability Derivatives	$ 352	$ 458

Derivative Instruments and He_6

Derivative Instruments and Hedging Activities - Income Statement Disclosures (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Foreign currency forward contracts | Net revenue | Cash flow hedge
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Deferred Gain/(Loss) Recognized in Other Comprehensive Income	$ 19,797	$ 7,190	$ 30,124	$ 22,993
Amount of Net Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Net Income	7,615	(1,490)	17,327	(20,438)
Foreign currency forward contracts | Cost of revenue | Cash flow hedge
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Deferred Gain/(Loss) Recognized in Other Comprehensive Income	(2,514)	6,464	3,946	11,122
Amount of Net Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Net Income	968	1,353	2,037	3,189
Foreign currency forward contracts | Other, net | Cash flow hedge
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Deferred Gain/(Loss) Recognized in Other Comprehensive Income			0	0
Amount of Net Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Net Income			0	(1,376)
Foreign currency forward contracts | Other, net | Not designated
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain/(Loss) Recognized in Net Income	1,289	3,668	2,806	4,494
Commodity forward contracts | Other, net | Not designated
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain/(Loss) Recognized in Net Income	$ 1,786	$ (4,233)	$ 2,807	$ (8,854)

Acquisitions and Divestitures -

Acquisitions and Divestitures - Narrative (Details) $ in Thousands, € in Millions	Sep. 13, 2019EUR (€)	Oct. 31, 2018USD ($)	Aug. 31, 2018USD ($)	Sep. 30, 2019USD ($)	Dec. 31, 2018USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of businesses acquired	1
Goodwill				$ 3,104,447	$ 3,081,302
Valves Business | Disposal Group, Held-for-sale, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Period of continuing involvement after disposal			5 years
Disposal group, consideration			$ 165,500
Disposal group, cash and cash equivalents			11,800
Disposal group, liabilities			$ 16,400
GIGAVAC
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of employees (more than)		270
Other Acquisition
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Purchase price | €	€ 30
Merger With GIGAVAC, LLC
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Purchase price		$ 229,900
Consideration related to certain compensation arrangements		12,000
Goodwill		$ 113,731

Acquisitions and Divestitures_2

Acquisitions and Divestitures - Schedule of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Oct. 31, 2018	Sep. 30, 2019	Dec. 31, 2018
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Goodwill		$ 3,104,447	$ 3,081,302
Merger With GIGAVAC, LLC
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Net working capital, excluding cash	$ 16,980
Property, plant and equipment	4,384
Goodwill	113,731
Other intangible assets	122,742
Other assets	63
Deferred income tax liabilities	(27,000)
Other long-term liabilities	(1,000)
Fair value of net assets acquired, excluding cash and cash equivalents	229,900
Cash and cash equivalents	359
Fair value of net assets acquired	$ 230,259

Acquisitions and Divestitures_3

Acquisitions and Divestitures - Acquired Intangible Assets and Weighted Average Useful Lives (Details) - Merger With GIGAVAC, LLC $ in Thousands	Oct. 31, 2018USD ($)
Acquired Finite-Lived Intangible Assets [Line Items]
Acquisition Date Fair Value	$ 122,742
Weighted-Average Lives (years)	12 years
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Acquisition Date Fair Value	$ 74,500
Weighted-Average Lives (years)	10 years
Completed technologies
Acquired Finite-Lived Intangible Assets [Line Items]
Acquisition Date Fair Value	$ 31,040
Weighted-Average Lives (years)	13 years
Tradenames
Acquired Finite-Lived Intangible Assets [Line Items]
Acquisition Date Fair Value	$ 15,400
Weighted-Average Lives (years)	15 years
Other
Acquired Finite-Lived Intangible Assets [Line Items]
Acquisition Date Fair Value	$ 1,802
Weighted-Average Lives (years)	6 years

Segment Reporting (Details)

Segment Reporting (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)segment	Sep. 30, 2018USD ($)
Segment Reporting [Abstract]
Number of reporting segments | segment			2
Reconciliation from Segment Totals to Consolidated [Abstract]
Net revenue	$ 849,715	$ 873,552	$ 2,603,940	$ 2,673,705
Operating income	146,132	222,319	436,167	548,057
Amortization of intangible assets	(35,905)	(33,911)	(108,079)	(103,574)
Interest expense, net	(39,556)	(38,058)	(118,417)	(114,808)
Other, net	(7,560)	(10,581)	(7,925)	(26,267)
Income before taxes	99,016	173,680	309,825	406,982
Performance Sensing
Reconciliation from Segment Totals to Consolidated [Abstract]
Net revenue	628,593	649,611	1,913,137	1,988,657
Sensing Solutions
Reconciliation from Segment Totals to Consolidated [Abstract]
Net revenue	221,122	223,941	690,803	685,048
Operating segments
Reconciliation from Segment Totals to Consolidated [Abstract]
Net revenue	849,715	873,552	2,603,940	2,673,705
Operating income	236,028	251,686	706,693	759,415
Operating segments | Performance Sensing
Reconciliation from Segment Totals to Consolidated [Abstract]
Net revenue	628,593	649,611	1,913,137	1,988,657
Operating income	165,076	178,391	483,657	535,166
Operating segments | Sensing Solutions
Reconciliation from Segment Totals to Consolidated [Abstract]
Net revenue	221,122	223,941	690,803	685,048
Operating income	70,952	73,295	223,036	224,249
Corporate and other
Reconciliation from Segment Totals to Consolidated [Abstract]
Operating income	(47,570)	(48,154)	(134,407)	(156,472)
Segment reconciling items
Reconciliation from Segment Totals to Consolidated [Abstract]
Amortization of intangible assets	(35,905)	(33,911)	(108,079)	(103,574)
Restructuring and other charges, net	$ (6,421)	$ 52,698	$ (28,040)	$ 48,688

Leases - Schedule of Adjustment

Leases - Schedule of Adjustments for New Lease Guidance (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jan. 01, 2019	Dec. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Prepaid expenses and other current assets	$ 128,447	$ 112,981	$ 113,234
Other intangible assets, net	790,692	895,681	897,191
Other assets	156,210	145,386	86,890
Accrued expenses and other current liabilities	217,064	230,249	218,130
Other long-term liabilities	$ 95,891	83,891	$ 39,277
Accounting Standards Update 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Prepaid expenses and other current assets		(253)
Other intangible assets, net		(1,510)
Other assets		58,496
Accrued expenses and other current liabilities		12,119
Other long-term liabilities		$ 44,614

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information (Details) $ in Thousands	Sep. 30, 2019USD ($)
Leases [Abstract]
Total operating lease right-of-use assets	$ 56,200
Accrued expenses and other current liabilities	10,773
Other long-term liabilities	45,695
Total operating lease liabilities	56,468
Property, plant and equipment, at cost	49,714
Accumulated depreciation	(23,864)
Property, plant and equipment, net	25,850
Current portion of long-term debt, finance lease and other financing obligations	2,116
Finance lease and other financing obligations, less current portion	29,209
Total finance lease liabilities	$ 31,325

Leases - Lease Liabilities (Det

Leases - Lease Liabilities (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)
Leases [Abstract]
Operating leases	$ 3,837
Finance leases	$ 0

Leases - Lease Cost (Details)

Leases - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Leases [Abstract]
Operating lease cost	$ 3,817	$ 12,041
Amortization of right-of-use assets	452	1,356
Interest on lease liabilities	671	2,031
Total finance lease cost	$ 1,123	$ 3,387

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Lessee, Lease, Description [Line Items]
Short-term lease, cost	$ 0	$ 0
Maximum
Lessee, Lease, Description [Line Items]
Leased facilities, initial term		20 years

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)
Leases [Abstract]
Operating cash flows from operating leases	$ 11,887
Operating cash flows from finance leases	1,961
Financing cash flows from finance leases	$ 1,264

Leases - Weighted Average Remai

Leases - Weighted Average Remaining Lease Term and Discount Rate (Details)	Sep. 30, 2019
Leases [Abstract]
Weighted average remaining lease term - operating leases	8 years 1 month 6 days
Weighted average remaining lease term - finance leases	12 years 8 months 12 days
Weighted average discount rate - operating lease	5.70%
Weighted average discount rate - finance lease	8.50%

Leases - Maturity of Obligation

Leases - Maturity of Obligations related to Operating and Finance Leases (Details) $ in Thousands	Sep. 30, 2019USD ($)
Operating Leases
2019 (excluding the nine months ended September 30, 2019)	$ 3,869
2020	13,861
2021	10,317
2022	8,344
2023	7,080
Thereafter	29,960
Total undiscounted cash flows related to lease liabilities	73,431
Less imputed interest	(16,963)
Total lease liabilities	56,468
Finance Lease, Liability, Payment, Due [Abstract]
2019 (excluding the nine months ended September 30, 2019)	1,434
2020	4,513
2021	4,035
2022	3,685
2023	3,744
Thereafter	36,228
Total undiscounted cash flows related to lease liabilities	53,639
Less imputed interest	(22,314)
Total lease liabilities	$ 31,325