Company: APTV
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001521332-25-000040
Chunk: 260

Company: Aptiv PLC
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 260
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 with the merger of Old Aptiv with and into Aptiv Swiss Holdings, with respect to each 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 Corporation, 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.

72

Obligor GroupSix Months Ended June 30, 2025(in millions)Net sales$— Gross margin$— Operating loss$(81)Net loss$(181)Net loss attributable to Aptiv$(181)As of June 30, 2025:Current assets (1)$7,156 Long-term assets (1)$789 Current liabilities (2)$6,227 Long-term liabilities (2)$7,993 Noncontrolling interest$— 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 $6,382 million and $6,212 million, and long-term assets of $770 million and $687 million, due from Non-Guarantors as of June 30, 2025 and December 31, 2024, respectively.

(2)Includes current liabilities of $6,134 million and $5,481 million, and long-term liabilities