Company: APTV
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001521332-25-000051
Chunk: 93

Company: Aptiv PLC
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 93
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 assets, which resulted primarily from our acquisitions, over their estimated useful lives.

64

RestructuringThree Months Ended September 30,20252024Favorable/(unfavorable)(dollars in millions)Restructuring$60 $16 $(44)Percentage of net sales1.2 %0.3 % Nine Months Ended September 30, 20252024Favorable/(unfavorable) (dollars in millions)Restructuring$149 $125 $(24)Percentage of net sales1.0 %0.8 %

The Company recorded employee-related and other restructuring charges totaling approximately $60 million and $149 million during the three and nine months ended September 30, 2025, respectively. The charges recorded during the three months ended September 30, 2025 included the recognition of approximately $25 million related to workforce optimization within the Advanced Safety and User Experience segment and approximately $12 million within the Electrical Distribution Systems segment for programs to downsize European manufacturing sites. The charges recorded during the nine months ended September 30, 2025 included the recognition of approximately $34 million within the Electrical Distribution Systems segment for programs to downsize and close European manufacturing sites and approximately $15 million for a program initiated in the fourth quarter of 2024 focused on global salaried workforce optimization, primarily in the European region. We expect to make cash payments of approximately $135 million over the next twelve months pursuant to currently implemented restructuring programs.

During the three and nine months ended September 30, 2024, 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