Company: APTV
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001521332-25-000040
Chunk: 175

Company: Aptiv PLC
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 175
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ied workforce optimization, primarily in the European region. The charges recorded during the three and six months ended June 30, 2024 also reflected programs to align manufacturing capacity with the current levels of automotive production in North America and Asia Pacific.Restructuring charges for employee separation and termination benefits are paid either over the severance period or in a lump sum in accordance with either statutory requirements or individual agreements. Aptiv incurred cash expenditures related to its restructuring programs of approximately $87 million and $143 million in the six months ended June 30, 2025 and 2024, respectively.The following table summarizes the restructuring charges recorded for the three and six months ended June 30, 2025 and 2024 by operating segment: Three Months Ended June 30,Six Months Ended June 30,2025202420252024 (in millions)Electrical Distribution Systems$25 $35 $41 $50 Engineered Components Group17 19 32 26 Advanced Safety and User Experience10 16 16 33 Total$52 $70 $89 $109 The table below summarizes the activity in the restructuring liability for the six months ended June 30, 2025:Employee Termination Benefits LiabilityOther Exit Costs LiabilityTotal (in millions)Accrual balance at January 1, 2025$118 $— $118 Provision for estimated expenses incurred during the period89 — 89 Payments made during the period(87)— (87)Foreign currency and other11 — 11 Accrual balance at June 30, 2025$131 $— $131 

18

8. DEBT

The following is a summary of debt outstanding, net of unamortized issuance costs and discounts, as of June 30, 2025 and December 31, 2024:June 30,2025December 31,2024(in millions)Accounts receivable factoring$— $450 1.60%, Euro-denominated senior notes, due 2028 (net of $1 and $1 unamortized issuance costs, respectively)584 519 4.35%, senior notes, due 2029 (net of $1 and $1 unamortized issuance costs, respectively)299 299 4.650%, senior notes, due 2029 (net of $4 and $5 unamortized issuance costs, respectively)