Company: APTV
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001521332-25-000027
Chunk: 55

Company: Aptiv PLC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 55
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 at a point in time upon delivery or when the services are provided. Revenue from post delivery support and maintenance for software contracts is generally recognized over time on a ratable basis over the contract term. Under certain of these arrangements, timing may differ between revenue recognition and billing.

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Disaggregation of RevenueRevenue generated from Aptiv’s operating segments is disaggregated by primary geographic market and by core product line in the following tables for the three months ended March 31, 2025 and 2024. Information concerning geographic market reflects the manufacturing location.Revenue by geographic market for the three months ended March 31, 2025 and 2024 is as follows:For the Three Months Ended March 31, 2025:Electrical Distribution SystemsEngineered Components GroupAdvanced Safety and User ExperienceEliminations and OtherTotal(in millions)Geographic MarketNorth America$821 $512 $536 $(86)$1,783 Europe, Middle East and Africa514 504 659 (51)1,626 Asia Pacific636 535 229 (63)1,337 South America53 30 — (4)79 Total net sales$2,024 $1,581 $1,424 $(204)$4,825 For the Three Months Ended March 31, 2024:Electrical Distribution SystemsEngineered Components GroupAdvanced Safety and User ExperienceEliminations and OtherTotal(in millions)Geographic MarketNorth America$876 $536 $490 $(86)$1,816 Europe, Middle East and Africa526 537 693 (44)1,712 Asia Pacific625 484 246 (70)1,285 South America54 39 — (5)88 Total net sales$2,081 $1,596 $1,429 $(205)$4,901 Revenue by core product line for the three months ended March 31, 2025 and 2024 are as follows: Three Months Ended March 31, 20252024 (in millions)Electrical Distribution Systems$2,024 $2,081 Engineered Components Group1,581 1,596 Active Safety743 686 Smart Vehicle Compute and Software133 118 User Experience and Other562 640 Eliminations(14)(15)Advanced Safety and User Experience1,424 1,429 Eliminations(204)(205)Total net sales$4,825