Company: APTV
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001521332-25-000040
Chunk: 215

Company: Aptiv PLC
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 215
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controlling interest6 Net loss attributable to redeemable noncontrolling interest(2)Net income attributable to Aptiv$382 Electrical Distribution SystemsEngineered Components GroupAdvanced Safety and User ExperienceTotal (in millions)For the Six Months Ended June 30, 2024:Segment adjusted operating income$274 $551 $325 $1,150 Amortization(1)(61)(44)(106)Restructuring(50)(26)(33)(109)Other acquisition and portfolio project costs(20)(16)(17)(53)Asset impairments— — (14)(14)Compensation expense related to acquisitions— — (8)(8)Operating income860 Interest expense(129)Other income, net25 Net gain on equity method transactions641 Income before income taxes and equity loss1,397 Income tax expense(127)Equity loss, net of tax(103)Net income1,167 Net income attributable to noncontrolling interest11 Net income attributable to Aptiv$1,156 

44

 Electrical Distribution SystemsEngineered Components GroupAdvanced Safety and User ExperienceEliminations and Other (1)Total (in millions)Balance as of June 30, 2025: Investment in affiliates$145 $— $1,166 $— $1,311 Total segment assets$5,528 $10,469 $9,722 $(1,777)$23,942 Balance as of December 31, 2024:Investment in affiliates$132 $— $1,301 $— $1,433 Total segment assets$5,019 $9,707 $9,585 $(853)$23,458 (1)Eliminations and Other includes corporate assets and the elimination of inter-segment transactions.

20. REVENUE

Refer to Note 2. Significant Accounting Policies for a complete description of the Company’s revenue recognition accounting policy.Nature of Goods and ServicesThe principal activity from which the Company generates its revenue is the manufacturing of production parts for OEM customers. Aptiv recognizes revenue for production parts at a point in time, rather than over time, as the performance obligation is satisfied when customers obtain control of the product upon title transfer and not as the product is manufactured or developed.Although production parts are highly customized with no alternative use, Aptiv does not have an enforceable right to payment as customers have the right