Company: APTV
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001521332-25-000040
Chunk: 204

Company: Aptiv PLC
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 204
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 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 June 30, 2025 and December 31, 2024, total debt was recorded at $7,790 million and $8,352 million, respectively, and had estimated fair values of $6,656 million and $7,125 million, respectively. For all other financial instruments recorded at June 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 non-cash long-lived asset impairment charges of $4 million during the three months ended June 30, 2025 within cost of sales, primarily related to the declines in the fair value of certain fixed assets in connection with a planned site exit. Aptiv recorded non-cash long-lived asset impairment charges of $9 million during the six months ended June 30, 2025 within cost of sales, primarily related to the declines in the fair value of certain fixed assets in connection with the consolidation of certain business operations and in connection with a planned site exit. Aptiv recorded non-cash long-lived asset impairment charges of $14 million for the six months ended June 30, 2024 within cost of sales, primarily related to an operating lease right-of-use asset that will no longer be in use during the remaining lease term. 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 or other market indicators and management estimates. As such,