Company: APTV
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001521332-25-000051
Chunk: 271

Company: Aptiv PLC
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 271
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 series of outstanding senior and junior notes previously issued by Old Aptiv, Aptiv Swiss Holdings succeeded to Old Aptiv as obligor, and Aptiv PLC was added as a guarantor. Together, Aptiv PLC, Aptiv LLC, AGF DAC and Aptiv Swiss Holdings comprise the “Obligor Group.” All other consolidated direct and indirect subsidiaries of Aptiv PLC are not subject to any guarantee under any series of notes outstanding (the “Non-Guarantors”). The guarantees rank equally in right of payment with all of the guarantors’ existing and future senior indebtedness, are effectively subordinated to any of their existing and future secured indebtedness to the extent of the value of the collateral securing such indebtedness and are structurally subordinated to the indebtedness of each of their existing and future subsidiaries that is not a guarantor.

The below summarized financial information is presented on a combined basis after the elimination of intercompany balances and transactions among the Obligor Group and equity in earnings from and investments in the Non-Guarantors. The below summarized financial information should be read in conjunction with the Company’s consolidated financial statements contained herein, as the financial information may not necessarily be indicative of results of operations or financial position had the subsidiaries operated as independent entities.

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Obligor GroupNine Months Ended September 30, 2025(in millions)Net sales$— Gross margin$— Operating loss$(136)Net loss$(274)Net loss attributable to Aptiv$(274)As of September 30, 2025:Current assets (1)$7,662 Long-term assets (1)$790 Current liabilities (2)$6,155 Long-term liabilities (2)$7,848 Noncontrolling interest$— As of December 31, 2024:Current assets (1)$6,969 Long-term assets (1)$692 Current liabilities (2)$5,683 Long-term liabilities (2)$8,126 Noncontrolling interest$— 

(1)Includes current assets of $6,688 million and $6,212 million, and long-term assets of $767 million and $687 million, due from Non-Guarantors as of September 30, 2025 and December 31, 2024, respectively.

(2)Includes current liabilities of $6,073 million and $5,481 million, and long-term liabilities of $226 million and $226 million, due to Non-Guarantors as of September