Company: APTV
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001521332-25-000051
Chunk: 224

Company: Aptiv PLC
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 224
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 $1,743 Amortization(1)(92)(66)(159)Restructuring(60)(29)(36)(125)Other acquisition and portfolio project costs(25)(20)(21)(66)Asset impairments— (3)(14)(17)Compensation expense related to acquisitions— — (13)(13)Operating income1,363 Interest expense(230)Other income, net30 Net gain on equity method transactions641 Income before income taxes and equity loss1,804 Income tax expense(159)Equity loss, net of tax(110)Net income1,535 Net income attributable to noncontrolling interest18 Net loss attributable to redeemable noncontrolling interest(2)Net income attributable to Aptiv$1,519  Electrical Distribution SystemsEngineered Components GroupAdvanced Safety and User ExperienceEliminations and Other (1)Total (in millions)Balance as of September 30, 2025: Investment in affiliates$146 $— $1,157 $— $1,303 Total segment assets$5,527 $10,382 $9,227 $(1,639)$23,497 Balance as of December 31, 2024:Investment in affiliates$132 $— $1,301 $— $1,433 Total segment assets$5,019 $9,707 $9,585 $(853)$23,458 (1)Eliminations and Other includes corporate assets and the elimination of inter-segment transactions.

20. REVENUE

Refer to Note 2. Significant Accounting Policies for a complete description of the Company’s revenue recognition accounting policy.Nature of Goods and ServicesThe principal activity from which the Company generates its revenue is the manufacturing of production parts for OEM customers. Aptiv recognizes revenue for production parts at a point in time, rather than over time, as the performance obligation is satisfied when customers obtain control of the product upon title transfer and not as the product is manufactured or developed.Although production parts are highly customized with no alternative use, Aptiv does not have an enforceable right to payment as customers have the right to cancel a product program without a notification period. The amount of revenue recognized is based on the purchase order price and adjusted for revenue allocated to variable consideration (i.e., estimated rebates and price discounts), as applicable. Customers typically pay for production parts based on customary business practices with payment terms