Company: APTV
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001521332-25-000027
Chunk: 44

Company: Aptiv PLC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 44
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 comprehensive income. Changes in the fair value of available-for-sale debt securities impact earnings only when such securities are sold, or an allowance for expected credit losses or impairment is recognized.As further described in Note 21. Investments in Affiliates, the Company owns investments in Maxieye and StradVision, which are classified as available-for-sale debt securities due to the Company’s redemption rights, and are included within other long-term assets in the consolidated balance sheets. The fair value measurements of these investments are based on significant inputs that are not observable in the market, and are therefore classified as a Level 3 measurement. The below table summarizes the cost, cumulative unrealized gains, cumulative unrealized losses and estimated fair value of Aptiv’s debt securities as of March 31, 2025 and December 31, 2024:Cost basisGross unrealized gainsGross unrealized lossesEstimated fair value (in millions)As of March 31, 2025Available-for-sale debt securities$176 $8 $(12)$172 Total debt securities$176 $8 $(12)$172 As of December 31, 2024Available-for-sale debt securities$165 $8 $(12)$161 Total debt securities$165 $8 $(12)$161 The change in fair value of available-for-sale debt securities classified as a Level 3 measurement for the three months ended March 31, 2025 and 2024 are as follows:Three Months Ended March 31,20252024 (in millions)Fair value at beginning of period$161 $— Additions11 84 Fair value at end of period$172 $84 There were no impairment charges related to these investments during the three months ended March 31, 2025 and 2024.

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As of March 31, 2025 and December 31, 2024, Aptiv had the following assets 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 March 31, 2025:Commodity derivatives$22 $— $22 $— Foreign currency derivatives7 — 7 — Publicly traded equity securities9 9 — — Available-for-sale debt securities172 — — 172 Total$210 $9 $29