Company: APTV
Filing Date: 2025-02-07
Form Type: 10-K
Source: 0001521332-25-000010
Chunk: 163

Company: Aptiv PLC
Filing Date: 2025-02-07
Form: 10-K
Item: Item 8
Chunk 163
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 software for automotive applications. The Company previously made KRW-denominated investments in StradVision totaling approximately $40 million in the first quarter of 2024 and approximately $44 million in prior years (using foreign currency rates on the date of the respective investments). Due to the Company’s redemption rights, the Company’s investment in StradVision is classified as an available-for-sale debt security within other long-term assets in the consolidated balance sheets, with changes in fair value recorded in other comprehensive income. As of December 31, 2024, the Company’s investment in StradVision was recorded at $106 million. Refer to Note 18. Fair Value of Financial Instruments for additional information. The Company evaluated the measurement guidance for equity securities without a readily determinable fair value and performed a qualitative assessment of various impairment indicators and concluded that one of its equity investments was impaired. As a result, the Company recognized an impairment loss of $18 million during the year ended December 31, 2023, within other income (expense), net in the consolidated statements of operations. The impairment recorded was equal to the difference between the fair value of Aptiv’s ownership interest in the investment and its carrying amount.As of December 31, 2024, none of the Company’s equity securities were subject to contractual sales restrictions prohibiting the sale of securities.There were no other material transactions, events or changes in circumstances requiring an impairment or an observable price change adjustment to our investments without readily determinable fair value. The Company continues to monitor these investments to identify potential transactions which may indicate an impairment or an observable price change requiring an adjustment to its carrying value.

6. PROPERTY, NET

Property, net consisted of: Estimated UsefulLivesDecember 31, 20242023 (Years)(in millions)Land—$74 $79 Land and leasehold improvements3-20234 217 Buildings40768 764 Machinery, equipment and tooling3-206,137 5,886 Furniture and office equipment3-101,052 977 Construction in progress—343 478 Total8,608 8,401 Less: accumulated depreciation(4,910)(4,616)Total property, net$3,698 $3,785 For the years ended December 31, 2024, 2023 and 2022, Aptiv recorded non-cash asset impairment charges of $8 million, $8 million and $8 million, respectively, in cost of sales related