Company: APTV
Filing Date: 2025-02-07
Form Type: 10-K
Source: 0001521332-25-000010
Chunk: 211

Company: Aptiv PLC
Filing Date: 2025-02-07
Form: 10-K
Item: Item 8
Chunk 211
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— 161 Total$191 $11 $19 $161 As of December 31, 2023Commodity derivatives$3 $— $3 $— Foreign currency derivatives158 — 158 — Publicly traded equity securities14 14 — — Total$175 $14 $161 $— 

121

As of December 31, 2024 and 2023, 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 December 31, 2024Commodity derivatives$12 $— $12 $— Foreign currency derivatives103 — 103 — Total$115 $— $115 $— As of December 31, 2023Commodity derivatives$5 $— $5 $— Foreign currency derivatives2 — 2 — Total$7 $— $7 $— 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 December 31, 2024 and 2023, total debt was recorded at $8,352 million and $6,213 million, respectively, and had estimated fair values of $7,125 million and $5,255 million, respectively. For all other financial instruments recorded as of December 31, 2024 and 2023, 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