Company: APTV
Filing Date: 2025-02-07
Form Type: 10-K
Source: 0001521332-25-000010
Chunk: 222

Company: Aptiv PLC
Filing Date: 2025-02-07
Form: 10-K
Item: Item 8
Chunk 222
---
, 2023— $— Granted8,102 $3.66 Vested(2,305)$3.69 Forfeited(731)$3.69 Nonvested, December 31, 20235,066 $3.65 Granted1,780 $3.19 Vested(1,898)$3.65 Forfeited(1,535)$3.66 Nonvested, December 31, 20243,413 $3.41 The following summarizes the weighted average inputs used in the Black-Scholes model to value the Subsidiary Awards granted during the years ended December 31, 2024 and 2023:Year Ended December 31,20242023Expected volatility (1)35.16 %42.99 %Expected term3.5 years3.5 yearsExpected dividends$— $— Risk-free interest rate4.05 %4.41 %(1)Expected volatility was primarily based on the historical volatility of a group of comparable publicly traded entities as determined by the Company. Aptiv recognized share-based compensation expense related to these Subsidiary Awards of $8 million during each of the years ended December 31, 2024 and 2023. Aptiv will continue to recognize compensation expense based on the grant date fair value of the Subsidiary Awards over the requisite service period. As of December 31, 2024, unrecognized compensation expense on a pre-tax basis related to unvested Subsidiary Awards of approximately $11 million is anticipated to be recognized over a period of approximately two years.

22. SEGMENT REPORTING

Aptiv operates its core business along the following operating segments, which are grouped on the basis of similar product, market and operating factors:•Signal and Power Solutions, which includes complete electrical architecture and component products.•Advanced Safety and User Experience, which includes vehicle technology and services in advanced safety, user experience and smart vehicle compute and software, as well as cloud-native software platforms, autonomous driving technologies and DevOps tools.•Eliminations and Other, which includes i) the elimination of inter-segment transactions, and ii) certain other expenses and income of a non-operating or strategic nature.The accounting policies of the segments are the same as those described in Note 2. Significant Accounting Policies, except that the disaggregated financial results for the segments have been prepared using a management approach, which is consistent with the basis