Company: APTV
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001521332-25-000051
Chunk: 182

Company: Aptiv PLC
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 182
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 These activities generally relate to the realignment of existing manufacturing capacity and closure of facilities and other exit or disposal activities, as it relates to executing Aptiv’s strategy, either in the normal course of business or pursuant to significant restructuring programs.As part of the Company’s continued efforts to optimize its cost structure, it has undertaken several restructuring programs which include workforce reductions as well as plant closures. These programs are primarily focused on reducing global overhead costs, the continued rotation of our manufacturing footprint to best cost locations in Europe and aligning our manufacturing capacity with the current levels of automotive production in each region. The Company recorded employee-

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related and other restructuring charges related to these programs totaling approximately $60 million and $149 million during the three and nine months ended September 30, 2025, respectively. The charges recorded during the three months ended September 30, 2025 included the recognition of approximately $25 million related to workforce optimization within the Advanced Safety and User Experience segment and approximately $12 million within the Electrical Distribution Systems segment for programs to downsize European manufacturing sites. The charges recorded during the nine months ended September 30, 2025 included the recognition of approximately $34 million within the Electrical Distribution Systems segment for programs to downsize and close European manufacturing sites and approximately $15 million for a program initiated in the fourth quarter of 2024 focused on global salaried workforce optimization, primarily in the European region.There have been no changes in previously initiated programs that have resulted (or are expected to result) in a material change to our restructuring costs. The Company expects to incur additional restructuring costs of approximately $40 million (of which approximately $25 million relates to the Advanced Safety and User Experience segment, approximately $10 million relates to the Engineering Components Group segment and approximately $5 million relates to the Electrical Distribution Systems segment) for programs approved as of September 30, 2025, and are expected to be incurred within the next twelve months.During the three and nine months ended September 30, 2024, Aptiv recorded employee-related and other restructuring charges totaling approximately $16 million and $125 million, respectively, which reflect programs to align manufacturing capacity with the current levels of automotive production in each region. The charges recorded during the nine months ended September 30, 2024 also included the recognition of approximately $55 million for a program initiated in the fourth quarter of 2023 focused on global salaried workforce optimization, primarily in the European region. Restructuring charges for employee separation and termination benefits are paid either over