Company: APTV
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001521332-25-000051
Chunk: 54

Company: Aptiv PLC
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 54
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 the nine months ended September 30, 2025 within cost of sales, primarily related to the declines in the fair value of certain fixed assets in connection with the consolidation of certain business operations and a planned site exit. Aptiv recorded non-cash long-lived asset impairment charges of $3 million during the three months ended September 30, 2024 within cost of sales, primarily related to declines in the fair value of certain fixed assets in connection with a planned site exit. Aptiv recorded non-cash long-lived asset impairment charges of $17 million for the nine months ended September 30, 2024 within cost of sales, primarily related to declines in the fair value of certain fixed assets in connection with a planned site exit and for an operating lease right-of-use asset that will no longer be in use during the remaining lease term. Fair value of long-lived and other assets is determined primarily using the anticipated cash flows discounted at a rate commensurate with the risk involved and a review of appraisals or other market indicators and management estimates. As such, Aptiv has determined that the fair value measurements of long-lived and other assets principally fall in Level 3 of the fair value hierarchy.

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16. OTHER INCOME, NET

Other income, net included: Three Months Ended September 30,Nine Months Ended September 30,2025202420252024 (in millions)Interest income$23 $31 $47 $67 Gain (loss) on extinguishment of debt3 (12)— (12)Components of net periodic benefit cost other than service cost (Note 9)(6)(5)(19)(18)Gain (loss) on change in fair value of publicly traded equity securities1 (5)2 (3)Other, net1 (4)4 (4)Other income, net$22 $5 $34 $30 As further described in Note 8. Debt, during the three months ended September 30, 2025, Aptiv partially redeemed for cash certain senior notes, resulting in a net gain on debt extinguishment of approximately $3 million. During the three months ended September 30, 2024, Aptiv fully repaid and terminated the Bridge Credit Agreement and redeemed for cash the entire $700 million in aggregate principal amount outstanding of 2.396% senior unsecured notes due 2025, resulting in a loss on debt extinguishment of approximately $12 million.

17. ACQUISITIONS AND