Company: APTV
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001521332-25-000027
Chunk: 42

Company: Aptiv PLC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 42
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 net investment hedges:Foreign currency derivativesOther current assets5 Accrued liabilities— Total derivatives designated as hedges$34 $130 Derivatives not designated:Foreign currency derivatives*Other current assets$1 Other current assets$— 1 Foreign currency derivatives*Accrued liabilities— Accrued liabilities1 (1)Total derivatives not designated as hedges$1 $1 *    Derivative instruments within this category are subject to master netting arrangements and are presented on a net basis in the consolidated balance sheets in accordance with accounting guidance related to the offsetting of amounts related to certain contracts.The fair value of Aptiv’s derivative financial instruments were in a net liability position as of March 31, 2025 and December 31, 2024.

30

Effect of Derivatives on the Statements of Operations and Statements of Comprehensive IncomeThe pre-tax effects of derivative financial instruments in the consolidated statements of operations and consolidated statements of comprehensive income for the three months ended March 31, 2025 and 2024 are as follows:Three Months Ended March 31, 2025Gain (Loss) Recognized in OCIGain (Loss) Reclassified from OCI into Income (in millions)Derivatives designated as cash flow hedges:Commodity derivatives$32 $4 Foreign currency derivatives41 (8)Derivatives designated as net investment hedges:Foreign currency derivatives(1)— Total$72 $(4) Gain Recognized in Income(in millions)Derivatives not designated:Foreign currency derivatives$1 Total$1  Three Months Ended March 31, 2024Gain Recognized in OCI(Loss) Gain Reclassified from OCI into Income (in millions)Derivatives designated as cash flow hedges:Commodity derivatives$16 $(4)Foreign currency derivatives41 48 Derivatives designated as net investment hedges:Foreign currency derivatives2 — Total$59 $44  Loss Recognized in Income(in millions)Derivatives not designated:Foreign currency derivatives$(3)Total$(3)The gain or loss recognized in income for designated and non-designated derivative instruments was recorded to cost of sales and other income, net in the consolidated statements of operations for the three months ended March 31, 2025 and 2024, respectively.

15. FAIR VALUE OF FINANCIAL INSTRUMENTS

Fair Value Measurements on