Company: APTV
Filing Date: 2025-02-07
Form Type: 10-K
Source: 0001521332-25-000010
Chunk: 184

Company: Aptiv PLC
Filing Date: 2025-02-07
Form: 10-K
Item: Item 8
Chunk 184
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 U.S. defined benefit pension obligations during 2024 and 2023.Year Ended December 31,20242023 (in millions)Benefit obligation at beginning of year$2 $3 Benefits paid(1)(1)Benefit obligation at end of year$1 $2 Change in plan assets:Fair value of plan assets at beginning of year$— $— Aptiv contributions1 1 Benefits paid(1)(1)Fair value of plan assets at end of year$— $— Underfunded status$(1)$(2)Amounts recognized in the consolidated balance sheets consist of:Current liabilities$— $(1)Long-term liabilities(1)(1)Total$(1)$(2)Amounts recognized in accumulated other comprehensive loss consist of (pre-tax):Actuarial loss$2 $3 Total$2 $3 

100

The amounts shown below reflect the change in the non-U.S. defined benefit pension obligations during 2024 and 2023.Year Ended December 31,20242023 (in millions)Benefit obligation at beginning of year$746 $651 Service cost18 16 Interest cost39 39 Actuarial (gain) loss(25)38 Benefits paid(50)(41)Exchange rate movements and other(67)43 Benefit obligation at end of year$661 $746 Change in plan assets:Fair value of plan assets at beginning of year$341 $307 Actual return on plan assets6 26 Aptiv contributions31 32 Benefits paid(50)(41)Exchange rate movements and other(29)17 Fair value of plan assets at end of year$299 $341 Underfunded status$(362)$(405)Amounts recognized in the consolidated balance sheets consist of:Long-term assets$29 $28 Current liabilities(19)(18)Long-term liabilities(372)(415)Total$(362)$(405)Amounts recognized in accumulated other comprehensive loss consist of (pre-tax):Actuarial loss$25 $43 Total$25 $43 The benefit obligations were impacted by actuarial gains of $25 million and actuarial losses $38 million during the years ended December 31, 2024 and 2023, respectively, primarily due to changes in the discount rates used to measure the benefit obligation.

101

The projected benefit obligation (“PBO”), accumulated