Company: APTV
Filing Date: 2025-02-07
Form Type: 10-K
Source: 0001521332-25-000010
Chunk: 207

Company: Aptiv PLC
Filing Date: 2025-02-07
Form: 10-K
Item: Item 8
Chunk 207
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 Recognized in OCIGain Reclassified from OCI into Income (in millions)Derivatives designated as cash flow hedges:Commodity derivatives$11 $16 Foreign currency derivatives(160)122 Derivatives designated as net investment hedges:Foreign currency derivatives6 — Total$(143)$138  Loss Recognizedin Income(in millions)Derivatives not designated:Foreign currency derivatives$(5)Total$(5)

118

Year Ended December 31, 2023Gain Recognized in OCI(Loss) Gain Reclassified from OCI into Income (in millions)Derivatives designated as cash flow hedges:Commodity derivatives$5 $(28)Foreign currency derivatives244 141 Derivatives designated as net investment hedges:Foreign currency derivatives5 — Total$254 $113  Loss Recognizedin Income(in millions)Derivatives not designated:Foreign currency derivatives$(3)Total$(3)Year Ended December 31, 2022 (Loss) Gain Recognized in OCI(Loss) Gain Reclassified from OCI into Income (in millions)Derivatives designated as cash flow hedges:Commodity derivatives$(70)$(5)Foreign currency derivatives90 19 Derivatives designated as net investment hedges:Foreign currency derivatives7 — Total$27 $14  Loss Recognizedin Income(in millions)Derivatives not designated:Foreign currency derivatives$(8)Total$(8)The gain or loss recognized in income for designated and non-designated derivative instruments was recorded to cost of sales and other income (expense), net in the consolidated statements of operations for the years ended December 31, 2024, 2023 and 2022.

18. FAIR VALUE OF FINANCIAL INSTRUMENTS

Fair value is defined as the exchange price that would be received to sell an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Fair value measurements are based on one or more of the following three valuation techniques:Market—This approach uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities.Income—This approach uses valuation techniques to convert future amounts to a single present value amount based on current market expectations.Cost—This approach is based on the amount that would be required to replace the service capacity of an