Company: APTV
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001521332-25-000027
Chunk: 239

Company: Aptiv PLC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 8
Chunk 239
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’ 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 GroupThree Months Ended March 31, 2025(in millions)Net sales$— Gross margin$— Operating loss$(18)Net loss$(57)Net loss attributable to Aptiv$(57)As of March 31, 2025:Current assets (1)$6,869 Long-term assets (1)$723 Current liabilities (2)$5,846 Long-term liabilities (2)$7,896 Noncontrolling interest$— 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 $6,495 million and $6,212 million, and long-term assets of $712 million and $687 million, due from Non-Guarantors as of March 31, 2025 and December 31, 2024, respectively.

(2)Includes current liabilities of $5,678 million and $5,481 million, and long-term liabilities of $226 million and $226 million, due to Non-Guarantors as of March 31, 2025 and December 31, 2024, respectively.

Other Financing

Receivable factoring—Aptiv maintains a €450 million European accounts receivable factoring facility that is available on a committed basis and allows for factoring of receivables denominated in both Euros and U.S. dollars (“USD”). This facility is accounted for as short-term debt and borrowings are subject to the availability of eligible accounts receivable. Collateral is not required related to these trade accounts receivable. This facility became effective on