Company: APTV
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001521332-25-000051
Chunk: 37

Company: Aptiv PLC
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 37
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iv sponsors a Supplemental Executive Retirement Program (“SERP”) for those employees who were U.S. executives of the former Delphi Corporation prior to September 30, 2008 and were still U.S. executives of the Company on October 7, 2009, the effective date of the program. This program is unfunded. Executives receive benefits over five years after an involuntary or voluntary separation from Aptiv. The SERP is closed to new members.

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The amounts shown below reflect the defined benefit pension expense for the three and nine months ended September 30, 2025 and 2024: Non-U.S. PlansU.S. Plans Three Months Ended September 30, 2025202420252024 (in millions)Service cost$5 $4 $— $— Interest cost11 9 — — Expected return on plan assets(5)(4)— — Net periodic benefit cost$11 $9 $— $—  Non-U.S. PlansU.S. Plans Nine Months Ended September 30, 2025202420252024 (in millions)Service cost$15 $14 $— $— Interest cost31 30 — — Expected return on plan assets(13)(13)— — Amortization of actuarial losses1 — — 1 Net periodic benefit cost$34 $31 $— $1 Other postretirement benefit obligations were approximately $1 million at September 30, 2025 and December 31, 2024.

10. COMMITMENTS AND CONTINGENCIES

Ordinary Business LitigationAptiv is from time to time subject to various legal actions and claims incidental to its business, including those arising out of alleged defects, alleged breaches of contracts, product warranties, intellectual property matters, and employment-related matters. It is the opinion of Aptiv that the outcome of such matters will not have a material adverse impact on the consolidated financial position, results of operations, or cash flows of Aptiv. With respect to warranty matters, although Aptiv cannot ensure that the future costs of warranty claims by customers will not be material, Aptiv believes its established reserves are adequate to cover potential warranty settlements.Environmental MattersAptiv is subject to the requirements of U.S. federal, state, local and non-U.S. environmental, health and safety laws and regulations. As of September 30, 202