Company: APTV
Filing Date: 2025-02-07
Form Type: 10-K
Source: 0001521332-25-000010
Chunk: 233

Company: Aptiv PLC
Filing Date: 2025-02-07
Form: 10-K
Item: Item 8
Chunk 233
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 1 Sublease income (1)(3)(5)(5)Total lease cost$183 $163 $137 (1)Sublease income excludes rental income from owned properties of $9 million, $8 million and $8 million for the years ended December 31, 2024, 2023 and 2022, respectively, which is included in other income, net.

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For the year ended December 31, 2024, the Company recorded impairment charges of $14 million related to operating lease right-of-use assets that will no longer be in use during the remaining lease terms, which was recorded within cost of sales in the consolidated statements of operations. For the year ended December 31, 2023, the Company recorded an impairment charge of $10 million related to an operating lease right-of-use asset in Ukraine that will no longer be in use during the remaining lease term, which was recorded within cost of sales in the consolidated statements of operations.Supplemental cash flow and other information related to leases was as follows:Year Ended December 31,202420232022 (in millions)Cash paid for amounts included in the measurement of lease liabilities:Operating cash flows for finance leases$1 $1 $1 Operating cash flows for operating leases$143 $134 $116 Financing cash flows for finance leases$5 $5 $4 Right-of-use assets obtained in exchange for lease obligations:Operating leases$54 $94 $102 Finance leases$2 $1 $3 Supplemental balance sheet information related to leases was as follows:December 31,20242023(dollars in millions)Operating leases:Operating lease right-of-use assets$495 $540 Accrued liabilities (Note 8)$124 $121 Long-term operating lease liabilities412 453 Total operating lease liabilities$536 $574 Finance leases:Property and equipment$25 $38 Less: accumulated depreciation(18)(24)Total property, net$7 $14 Short-term debt (Note 11)$4 $5 Long-term debt (Note 11)5 9 Total finance lease liabilities$9 $14 Weighted average remaining lease term:Operating leases6 years6 yearsFinance leases3 years3 yearsWeighted average discount rate:Operating leases4.50 %4.00 %Finance leases4.50 %4.75 %

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