Company: APTV
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001521332-25-000051
Chunk: 53

Company: Aptiv PLC
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 53
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 and December 31, 2024, Aptiv had the following liabilities measured at fair value on a recurring basis:TotalQuoted Prices in Active MarketsLevel 1Significant Other Observable InputsLevel 2Significant Unobservable InputsLevel 3 (in millions)As of September 30, 2025:Foreign currency derivatives$1 $— $1 $— Total$1 $— $1 $— As of December 31, 2024:Commodity derivatives$12 $— $12 $— Foreign currency derivatives103 — 103 — Total$115 $— $115 $— Non-derivative financial instruments—Aptiv’s non-derivative financial instruments include cash and cash equivalents, accounts and notes receivable, accounts payable, as well as debt, which consists of its accounts receivable factoring arrangement, finance leases and other debt issued by Aptiv’s non-U.S. subsidiaries, the Revolving Credit Facility, the Term Loan A and all series of outstanding senior and junior notes. The fair value of debt is based on quoted market prices for instruments with public market data or significant other observable inputs for instruments without a quoted public market price (Level 2). As of September 30, 2025 and December 31, 2024, total debt was recorded at $7,630 million and $8,352 million, respectively, and had estimated fair values of $6,715 million and $7,125 million, respectively. For all other financial instruments recorded at September 30, 2025 and December 31, 2024, fair value approximates book value.Fair Value Measurements on a Nonrecurring BasisIn addition to items that are measured at fair value on a recurring basis, Aptiv also has items in its balance sheet that are measured at fair value on a nonrecurring basis. As these items are not measured at fair value on a recurring basis, they are not 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 no non-cash long-lived asset impairment charges during the three months ended September 30, 2025. Aptiv recorded non-cash long-lived asset impairment charges of $9 million during