Company: APTV
Filing Date: 2025-02-07
Form Type: 10-K
Source: 0001521332-25-000010
Chunk: 210

Company: Aptiv PLC
Filing Date: 2025-02-07
Form: 10-K
Item: Item 8
Chunk 210
---
 quoted prices for identical assets on active market exchanges. Gains and losses from changes in the fair value of these securities are recorded within other income (expense), net on the consolidated statements of operations.Available-for-sale debt securities—Investments in available-for-sale debt securities are reported at fair value with changes in the fair value recorded in other 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 5. 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. The balance of these investments totaled $161 million as of December 31, 2024 and is included within other long-term assets in the consolidated balance sheet. 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 December 31, 2024:Cost basisGross unrealized gainsGross unrealized lossesEstimated fair value (in millions)As of December 31, 2024Available-for-sale debt securities$165 $8 $(12)$161 Total debt securities$165 $8 $(12)$161 The change in fair value of available-for-sale debt securities classified as a Level 3 measurement for the year ended December 31, 2024 is as follows:December 31,2024 (in millions)Fair value at beginning of period$— Additions165 Measurement adjustments(4)Fair value at end of period$161  There were no impairment charges related to these investments during the year ended December 31, 2024. As of December 31, 2024 and 2023, 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 December 31, 2024Commodity derivatives$6 $— $6 $— Foreign currency derivatives13 — 13 — Publicly traded equity securities11 11 — — Available-for-sale debt securities161 —