Company: APTV
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001521332-25-000051
Chunk: 252

Company: Aptiv PLC
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 252
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 $25 million related to a supply relationship in Europe recognized during the three months ended September 30, 2024. SG&A increased as a percentage of net sales for the nine months ended September 30, 2025 compared to 2024, primarily due to $100 million of separation costs and increased incentive compensation costs.

AmortizationThree Months Ended September 30,20252024Favorable/(unfavorable)(in millions)Amortization$52 $53 $1  Nine Months Ended September 30, 20252024Favorable/(unfavorable) (in millions)Amortization$156 $159 $3 

Amortization expense reflects the non-cash charge related to definite-lived intangible assets. Amortization during the three and nine months ended September 30, 2025 and 2024 reflects the continued amortization of our definite-lived intangible assets, which resulted primarily from our acquisitions, over their estimated useful lives.

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RestructuringThree Months Ended September 30,20252024Favorable/(unfavorable)(dollars in millions)Restructuring$60 $16 $(44)Percentage of net sales1.2 %0.3 % Nine Months Ended September 30, 20252024Favorable/(unfavorable) (dollars in millions)Restructuring$149 $125 $(24)Percentage of net sales1.0 %0.8 %

The Company recorded employee-related and other restructuring charges totaling approximately $60 million and $149 million during the three and nine months ended September 30, 2025, respectively. The charges recorded during the three months ended September 30, 2025 included the recognition of approximately $25 million related to workforce optimization within the Advanced Safety and User Experience segment and approximately $12 million within the Electrical Distribution Systems segment for programs to downsize European manufacturing sites. The charges recorded during the nine months ended September 30, 2025 included the recognition of approximately $34 million within the Electrical Distribution Systems segment for programs to downsize and close European manufacturing sites and approximately $15 million for a program initiated in the fourth quarter of 2024 focused on global salaried workforce optimization, primarily in the European region. We expect to make cash payments of approximately $135 million over the next twelve months pursuant to currently implemented restructuring programs.

During the three and nine months ended September 30, 2024,