Company: APTV
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001521332-25-000027
Chunk: 46

Company: Aptiv PLC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 46
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 included in the tables above. Financial and nonfinancial assets and liabilities that are measured at fair value on a nonrecurring basis include long-lived assets, intangible assets, equity investments without readily determinable fair values and liabilities for exit or disposal activities measured at fair value upon initial recognition. Aptiv recorded non-cash long-lived asset impairment charges of $5 million during the three months ended March 31, 2025 within cost of sales, primarily related to declines in the fair value of certain fixed assets in connection with the consolidation of certain business operations. Aptiv recorded no non-cash impairment charges for the three months ended March 31, 2024. Fair value of long-lived and other assets is determined primarily using the anticipated cash flows discounted at a rate commensurate with the risk involved and a review of appraisals 

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or other market indicators and management estimates. As such, Aptiv has determined that the fair value measurements of long-lived and other assets principally fall in Level 3 of the fair value hierarchy.

16. OTHER INCOME, NET

Other income, net included: Three Months Ended March 31,20252024 (in millions)Interest income$11 $20 Loss on extinguishment of debt(3)— Components of net periodic benefit cost other than service cost (Note 9)(6)(6)Loss on change in fair value of publicly traded equity securities(2)(1)Other, net— 2 Other income, net$— $15 

During the three months ended March 31, 2025 and 2024, net unrealized losses of $2 million and $1 million, respectively, were recognized for publicly traded equity securities still held as of March 31, 2025. 

17. ACQUISITIONS AND DIVESTITURES

The Company had no business acquisitions or divestitures during the three months ended March 31, 2025 and for the fiscal year ended December 31, 2024.

18. SHARE-BASED COMPENSATION

Long-Term Incentive PlanThe Aptiv PLC 2024 Long-Term Incentive Plan (the “2024 LTIP”), which was approved by the Company’s shareholders in April 2024, allows for the grant of awards of up to 9,880,000 ordinary shares for long-term compensation. Prior to April 2024, the Company issued awards for long-term compensation under the Aptiv PLC Long-Term Incentive Plan, as