Company: APTV
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001521332-25-000051
Chunk: 134

Company: Aptiv PLC
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 2
Chunk 134
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, offset by increased volumes and currency exchange. Cost of sales was also impacted by the following items in Other above:

•$63 million of increased commodity pass-through costs;

•Approximately $20 million of increased depreciation, which includes the absence of long-lived asset impairment charges of $8 million; and

•Approximately $15 million of increased warranty costs.

63

Selling, General and Administrative Expense

Three Months Ended September 30,20252024Favorable/(unfavorable)(dollars in millions)Selling, general and administrative expense$433 $331 $(102)Percentage of net sales8.3 %6.8 % Nine Months Ended September 30, 20252024Favorable/(unfavorable) (dollars in millions)Selling, general and administrative expense$1,223 $1,102 $(121)Percentage of net sales8.0 %7.4 %

Selling, general and administrative expense (“SG&A”) primarily includes administrative expenses, information technology costs, incentive compensation related costs, separation, acquisition and project portfolio costs and selling and marketing expenses. SG&A increased as a percentage of net sales for the three months ended September 30, 2025 compared to 2024, primarily due to $53 million of separation costs and the absence of a credit loss recovery of approximately $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.

64

RestructuringThree Months Ended September 30,20252024Favorable/(unfavorable)(dollars in