Company: APTV
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001521332-25-000051
Chunk: 253

Company: Aptiv PLC
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 253
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 Aptiv recorded employee-related and other restructuring charges totaling approximately $16 million and $125 million, respectively, which reflect programs to align manufacturing capacity with the current levels of automotive production in each region. The charges recorded during the nine months ended September 30, 2024 also included the recognition of approximately $55 million for a program initiated in the fourth quarter of 2023 focused on global salaried workforce optimization, primarily in the European region. 

We expect to continue to incur additional restructuring expense in 2025 and beyond, primarily related to programs focused on reducing global overhead costs, the continued rotation of our manufacturing footprint to best cost locations in Europe and aligning manufacturing capacity with the levels of automotive production, which includes approximately $40 million (of which approximately $25 million relates to the Advanced Safety and User Experience segment, approximately $10 million relates to the Engineering Components Group segment and approximately $5 million relates to the Electrical Distribution Systems segment) for programs approved as of September 30, 2025. Additionally, as we continue to operate in a cyclical industry that is impacted by movements in the global and regional economies, we continually evaluate opportunities to further adjust our cost structure and optimize our manufacturing footprint. The Company plans to implement additional restructuring activities in the future, if necessary, in order to align manufacturing capacity and other costs with prevailing regional automotive production levels and locations, to improve the efficiency and utilization of other locations and in order to increase investment in advanced technologies and engineering. Such future restructuring actions are dependent on market conditions, customer actions and other factors.

Refer to Note 7. Restructuring to the consolidated financial statements contained herein for additional information.

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Goodwill Impairment

Three Months Ended September 30,20252024Favorable/(unfavorable)(in millions)Goodwill impairment$648 $— $(648) Nine Months Ended September 30, 20252024Favorable/(unfavorable) (in millions)Goodwill impairment$648 $— $(648)

Goodwill impairment for the three and nine months ended September 30, 2025 reflects a non-cash, pre-tax goodwill impairment charge of approximately $648 million related to the Wind River reporting unit. Refer to Note 2. Significant Accounting Policies to the consolidated financial statements contained herein for additional information.

Interest ExpenseThree Months Ended September 30,20252024Favorable/(unfavorable)(in millions)Interest expense$90 $101 $11  Nine Months Ended September 30