Company: APTV
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001521332-25-000051
Chunk: 94

Company: Aptiv PLC
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 94
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) for programs approved as of September 30, 2025. Additionally, as we continue to operate in a cyclical industry that is impacted by movements in the global and regional economies, we continually evaluate opportunities to further adjust our cost structure and optimize our manufacturing footprint. The Company plans to implement additional restructuring activities in the future, if necessary, in order to align manufacturing capacity and other costs with prevailing regional automotive production levels and locations, to improve the efficiency and utilization of other locations and in order to increase investment in advanced technologies and engineering. Such future restructuring actions are dependent on market conditions, customer actions and other factors.

Refer to Note 7. Restructuring to the consolidated financial statements contained herein for additional information.

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Goodwill Impairment

Three Months Ended September 30,20252024Favorable/(unfavorable)(in millions)Goodwill impairment$648 $— $(648) Nine Months Ended September 30, 20252024Favorable/(unfavorable) (in millions)Goodwill impairment$648 $— $(648)

Goodwill impairment for the three and nine months ended September 30, 2025 reflects a non-cash, pre-tax goodwill impairment charge of approximately $648 million related to the Wind River reporting unit. Refer to Note 2. Significant Accounting Policies to the consolidated financial statements contained herein for additional information.

Interest ExpenseThree Months Ended September 30,20252024Favorable/(unfavorable)(in millions)Interest expense$90 $101 $11  Nine Months Ended September 30, 20252024Favorable/(unfavorable) (in millions)Interest expense$274 $230 $(44)

The decrease in interest expense during the three months ended September 30, 2025 compared to 2024 primarily reflects the redemption of the €700 million in aggregate principal amount of 1.50% Euro-denominated senior unsecured notes due 2025 (the “2015 Euro-denominated Senior Notes”) in December 2024, the full repayment of the $600 million senior unsecured credit facility consisting of a term loan (the “Term Loan A”) in the fourth quarter of 2024 and first quarter of 2025 and the full repayment of our €450 million European accounts receivable factoring facility in the first half of 2025.

 The increase in interest expense during the nine months ended September 30, 2025 compared to 2024 primarily reflects the issuance of