Company: APTV
Filing Date: 2025-02-07
Form Type: 10-K
Source: 0001521332-25-000010
Chunk: 213

Company: Aptiv PLC
Filing Date: 2025-02-07
Form: 10-K
Item: Item 8
Chunk 213
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 determined based on the contractual sales price pursuant to the executed purchase and sale agreement, as further discussed in Note 5. Investments in Affiliates. As such, Aptiv has determined that the fair value measurement of TTTech Auto falls in Level 2 of the fair value hierarchy.

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19. OTHER INCOME, NET

Other income (expense), net included: Year Ended December 31,202420232022 (in millions)Interest income$87 $111 $86 Loss on extinguishment of debt (Note 11)(15)(1)— Components of net periodic benefit cost other than service cost(26)(28)(15)Costs associated with acquisitions and other transactions— (4)(61)Impairment of equity investments without readily determinable fair value (Note 5)— (18)— Loss on change in fair value of publicly traded equity securities(3)(6)(52)Other, net(2)9 (12)Other income (expense), net$41 $63 $(54)During the years ended December 31, 2024, 2023 and 2022, Aptiv recognized net unrealized losses of $3 million, $6 million and $49 million, respectively, for publicly traded equity securities still held as of December 31, 2024. As further discussed in Note 11. Debt, during the year ended December 31, 2024, Aptiv repaid $350 million on the Term Loan A, redeemed the entire $700 million in aggregate principal amount outstanding of 2.396% senior unsecured notes due 2025 and repaid the Bridge Credit Agreement, resulting in losses on debt extinguishment totaling approximately $15 million.As further described in Note 5. Investments in Affiliates, during the year ended December 31, 2023, Aptiv recorded an impairment loss of $18 million in its equity investments without readily determinable fair values.As further discussed in Note 20. Acquisitions and Divestitures, Aptiv incurred approximately $43 million and $10 million in transaction costs related to the acquisitions of Wind River and Intercable Automotive, respectively, during the year ended December 31, 2022.

20. ACQUISITIONS AND DIVESTITURES

Acquisition of Höhle Ltd.On April 3, 2023, Aptiv acquired 100% of the equity interests of Höhle Ltd. (“Höhle”), a manufacturer of microducts