Company: APTV
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001521332-25-000040
Chunk: 45

Company: Aptiv PLC
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 45
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recorded in the consolidated balance sheets and the effects recorded in the consolidated statements of operations and consolidated statements of comprehensive income related to these derivative instruments.The Company has designated the €750 million 2024 Euro-denominated Senior Notes and the €500 million 2016 Euro-denominated Senior Notes as net investment hedges of the foreign currency exposure of its investments in certain Euro-denominated subsidiaries, and had designated the €700 million 2015 Euro-denominated Senior Notes prior to being redeemed in the fourth quarter of 2024, as more fully described in Note 8. Debt. Due to changes in the value of the Euro-denominated debt instruments designated as net investment hedges, during the three and six months ended June 30, 2025, $112 million and $162 million of losses, respectively, were recognized within the cumulative translation adjustment component of OCI. During the three and six months ended June 30, 2024, $18 million and $42 million of gains, respectively were recognized within the cumulative translation adjustment component of OCI. Included in accumulated OCI related to these net investment hedges were cumulative losses of $87 million and gains of $75 million as of June 30, 2025 and December 31, 2024, respectively.Derivatives Not Designated as HedgesIn certain occasions the Company enters into certain foreign currency and commodity contracts that are not designated as hedges. When hedge accounting is not applied to derivative contracts, gains and losses are recorded to other income, net and cost of sales in the consolidated statements of operations.Fair Value of Derivative Instruments in the Balance SheetThe fair value of derivative financial instruments recorded in the consolidated balance sheets as of June 30, 2025 and December 31, 2024 are as follows: Asset DerivativesLiability DerivativesNet Amounts of Assets and (Liabilities) Presented in the Balance Sheet Balance Sheet LocationJune 30,2025Balance Sheet LocationJune 30,2025June 30,2025 (in millions)Derivatives designated as cash flow hedges:Commodity derivativesOther current assets$18 Accrued liabilities$— Foreign currency derivatives*Other current assets27 Other current assets4 $23 Foreign currency derivatives*Accrued liabilities2 Accrued liabilities3 (1)Commodity derivativesOther long-term assets2 Other long-term liabilities— Foreign currency derivatives*Other long-term assets12 Other long-term assets3