Company: APTV
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001521332-25-000040
Chunk: 43

Company: Aptiv PLC
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 43
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 income— — — — Net income attributable to noncontrolling interest$(1)$(1)$(1)$(1)Net income attributable to AptivTotal reclassifications for the period$1 $50 $— $94 (1)Represents accumulated currency translation adjustment gains reclassified to net income as a result of the sale of the Company’s investment in TTTech Auto during the three months ended June 30, 2025.(2)These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (see Note 9. Pension Benefits for additional details).

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14. DERIVATIVES AND HEDGING ACTIVITIES

Cash Flow HedgesAptiv is exposed to market risk, such as fluctuations in foreign currency exchange rates, commodity prices and changes in interest rates, which may result in cash flow risks. To manage the volatility relating to these exposures, Aptiv aggregates the exposures on a consolidated basis to take advantage of natural offsets. For exposures that are not offset within its operations, Aptiv enters into various derivative transactions pursuant to its risk management policies, which prohibit holding or issuing derivative financial instruments for speculative purposes, and designation of derivative instruments is performed on a transaction basis to support hedge accounting. The changes in fair value of these hedging instruments are offset in part or in whole by corresponding changes in the fair value or cash flows of the underlying exposures being hedged. Aptiv assesses the initial and ongoing effectiveness of its hedging relationships in accordance with its documented policy.As of June 30, 2025, the Company had the following outstanding notional amounts related to commodity and foreign currency forward and option contracts designated as cash flow hedges that were entered into to hedge forecasted exposures:CommodityQuantity HedgedUnit of MeasureNotional Amount(Approximate USD Equivalent) (in thousands)(in millions)Copper81,690 pounds$365 Foreign CurrencyQuantity HedgedUnit of MeasureNotional Amount(Approximate USD Equivalent) (in millions)Mexican Peso23,993 MXN$1,270 Chinese Yuan Renminbi3,216 RMB$450 Polish Zloty942 PLN$260 Hungarian Forint24,646 HUF$70 British Pound52 GBP$70 As of June 30, 2025, Aptiv has entered into derivative instruments to hedge cash flows extending out to June 2027.Gains and losses on derivatives qualifying