Company: APTV
Filing Date: 2025-02-07
Form Type: 10-K
Source: 0001521332-25-000010
Chunk: 185

Company: Aptiv PLC
Filing Date: 2025-02-07
Form: 10-K
Item: Item 8
Chunk 185
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 benefit obligation (“ABO”), and fair value of plan assets for pension plans with accumulated benefit obligations in excess of plan assets and with plan assets in excess of accumulated benefit obligations are as follows: U.S. PlansNon-U.S. Plans 2024202320242023(in millions)Plans with ABO in Excess of Plan AssetsPBO$1 $2 $465 $521 ABO$1 $2 $417 $462 Fair value of plan assets at end of year$— $— $77 $90  Plans with Plan Assets in Excess of ABOPBO$— $— $196 $225 ABO$— $— $186 $214 Fair value of plan assets at end of year$— $— $222 $251  TotalPBO$1 $2 $661 $746 ABO$1 $2 $603 $676 Fair value of plan assets at end of year$— $— $299 $341 Benefit costs presented below were determined based on actuarial methods and included the following: U.S. Plans Year Ended December 31, 202420232022 (in millions)Amortization of actuarial losses$1 $1 $1 Net periodic benefit cost$1 $1 $1  Non-U.S. Plans Year Ended December 31, 202420232022 (in millions)Service cost$18 $16 $15 Interest cost39 39 23 Expected return on plan assets(17)(15)(17)Settlement loss2 2 — Amortization of actuarial losses1 1 8 Net periodic benefit cost$43 $43 $29 Other postretirement benefit obligations were approximately $1 million at December 31, 2024 and 2023.Experience gains and losses, as well as the effects of changes in actuarial assumptions and plan provisions are recognized in other comprehensive income. Cumulative actuarial gains and losses in excess of 10% of the PBO for a particular plan are amortized over the average future service period of the employees in that plan.

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The principal assumptions used to determine the pension expense and the actuarial value of the projected benefit obligation for the