Company: APTV
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001521332-25-000051
Chunk: 213

Company: Aptiv PLC
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 213
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 other financial instruments recorded at September 30, 2025 and December 31, 2024, fair value approximates book value.Fair Value Measurements on a Nonrecurring BasisIn addition to items that are measured at fair value on a recurring basis, Aptiv also has items in its balance sheet that are measured at fair value on a nonrecurring basis. As these items are not measured at fair value on a recurring basis, they are not included in the tables above. Financial and nonfinancial assets and liabilities that are measured at fair value on a nonrecurring basis include long-lived assets, intangible assets, equity investments without readily determinable fair values and liabilities for exit or disposal activities measured at fair value upon initial recognition. Aptiv recorded no non-cash long-lived asset impairment charges during the three months ended September 30, 2025. Aptiv recorded non-cash long-lived asset impairment charges of $9 million during 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