Company: APTV
Filing Date: 2025-02-07
Form Type: 10-K
Source: 0001521332-25-000010
Chunk: 188

Company: Aptiv PLC
Filing Date: 2025-02-07
Form: 10-K
Item: Item 8
Chunk 188
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 Private debt funds19 — — 19 Insurance contracts1 — — 1 Debt securities49 49 — — Equity securities35 35 — — Total$299 $212 $48 $39 (1)Level 2 includes repurchase agreements of $64 million within non-U.S. plans.

104

 Fair Value Measurements at December 31, 2023Asset CategoryTotalQuoted Prices in Active Markets for Identical Assets (Level 1)Significant Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3) (in millions)Cash, cash equivalents and repurchase agreements (1)$(11)$3 $(14)$— Time deposits36 — 36 — Equity mutual funds16 — 16 — Bond mutual funds142 — 142 — Real estate trust funds28 — — 28 Private debt funds24 — — 24 Insurance contracts3 — — 3 Debt securities64 64 — — Equity securities39 39 — — Total$341 $106 $180 $55 (1)Level 2 includes repurchase agreements of $16 million within non-U.S. plans.Following is a description of the valuation methodologies used for pension assets measured at fair value.Repurchase agreements—Due to the short-term nature of repurchase agreements, fair value is estimated as the outstanding balance of the obligation.Time deposits—The fair value of fixed-maturity certificates of deposit was estimated using the rates offered for deposits of similar remaining maturities.Equity mutual funds—The fair value of the equity mutual funds is determined by the indirect quoted market prices on regulated financial exchanges of the underlying investments included in the fund.Bond mutual funds—The fair value of the bond mutual funds is determined by the indirect quoted market prices on regulated financial exchanges of the underlying investments included in the fund.Real estate—The fair value of real estate properties is estimated using an annual appraisal provided by the administrator of the property investment. Management believes this is an appropriate methodology to obtain the fair value of these assets.Private debt funds—The fair value of the private debt funds is determined by the fund administrator based on available market quotes on the subject securities or an income approach valuation in order to estimate fair value. Management believes this is an appropriate methodology to obtain the fair value of these assets.Insurance