Company: APTV
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001521332-25-000040
Chunk: 216

Company: Aptiv PLC
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 216
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 to cancel a product program without a notification period. The amount of revenue recognized is based on the purchase order price and adjusted for revenue allocated to variable consideration (i.e., estimated rebates and price discounts), as applicable. Customers typically pay for production parts based on customary business practices with payment terms averaging 60 days.The Company also generates revenue from the sale of software licenses, post delivery support and maintenance and professional software services. The Company generally recognizes revenue for software licenses and professional software services at a point in time upon delivery or when the services are provided. Revenue from post delivery support and maintenance for software contracts is generally recognized over time on a ratable basis over the contract term. Under certain of these arrangements, timing may differ between revenue recognition and billing.Disaggregation of RevenueRevenue generated from Aptiv’s operating segments is disaggregated by primary geographic market and by core product line in the following tables for the three and six months ended June 30, 2025 and 2024. Information concerning geographic market reflects the manufacturing location.Revenue by geographic market for the three and six months ended June 30, 2025 and 2024 is as follows:For the Three Months Ended June 30, 2025:Electrical Distribution SystemsEngineered Components GroupAdvanced Safety and User ExperienceEliminations and OtherTotal(in millions)Geographic MarketNorth America$921 $537 $572 $(95)$1,935 Europe, Middle East and Africa555 575 695 (62)1,763 Asia Pacific667 575 240 (66)1,416 South America63 36 — (5)94 Total net sales$2,206 $1,723 $1,507 $(228)$5,208 

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For the Three Months Ended June 30, 2024:Electrical Distribution SystemsEngineered Components GroupAdvanced Safety and User ExperienceEliminations and OtherTotal(in millions)Geographic MarketNorth America$855 $548 $554 $(80)$1,877 Europe, Middle East and Africa519 526 714 (52)1,707 Asia Pacific633 512 286 (58)1,373 South America58 40 — (4)94 Total net sales$2,065 $1,626 $1,554 $(194)$5,051 For the Six Months Ended June 30, 2025:Electrical Distribution SystemsEngineered Components GroupAdvanced Safety