Company: APTV
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001521332-25-000027
Chunk: 161

Company: Aptiv PLC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 8
Chunk 161
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 Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. The amendments in this update require public entities to disclose, on an annual and interim basis, disaggregated information about certain income statement expenses, including purchases of inventory, employee compensation, depreciation, intangible asset amortization and depletion, that are included in each relevant income statement expense line item. The amendments also require qualitative descriptions of the amounts remaining in relevant expense line items not separately disaggregated quantitatively. Certain amounts already disclosed under existing U.S. GAAP are required to be included in the same disclosure as the other disaggregated income statement expense line items. In addition, the amendments require disclosure of the total amount of selling expenses and, in annual reporting periods, an entity’s definition of those expenses. The new guidance will be applied prospectively and is effective for fiscal years beginning after December 15, 2026 and interim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted. The adoption of this guidance is expected to result in incremental disclosures in the Company’s financial statements. 

3. INVENTORIES

Inventories are stated at the lower of cost, determined on a first-in, first-out basis, or net realizable value, including direct material costs and direct and indirect manufacturing costs. A summary of inventories is shown below:March 31,2025December 31,2024 (in millions)Productive material$1,532 $1,463 Work-in-process214 199 Finished goods683 658 Total$2,429 $2,320 

4. ASSETS

Other current assets consisted of the following:March 31,2025December 31,2024 (in millions)Value added tax receivable$173 $184 Prepaid insurance and other expenses107 97 Reimbursable engineering costs151 181 Notes receivable4 6 Income and other taxes receivable107 106 Deposits to vendors5 4 Derivative financial instruments (Note 14)26 18 Capitalized upfront fees (Note 20)12 10 Contract assets (Note 20)73 65 Other1 — Total$659 $671 

14

Other long-term assets consisted of the following:March 31,2025December 31,2024 (in millions)Deferred income taxes, net$1,943 $2,