Company: APTV
Filing Date: 2025-02-07
Form Type: 10-K
Source: 0001521332-25-000010
Chunk: 234

Company: Aptiv PLC
Filing Date: 2025-02-07
Form: 10-K
Item: Item 8
Chunk 234
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ities of lease liabilities were as follows:OperatingLeasesFinance Leases (in millions)As of December 31, 20242025$144 $4 2026125 2 2027102 2 202874 1 202944 — Thereafter116 — Total lease payments605 9 Less: imputed interest(69)— Total$536 $9 As of December 31, 2024, the Company has entered into additional operating leases, primarily for real estate, that have not yet commenced of approximately $70 million. These operating leases are anticipated to commence primarily in 2025 with lease terms of five to ten years.

26. SUBSEQUENT EVENTS

Planned Spin-off of Electrical Distribution Systems BusinessOn January 22, 2025, the Company announced its intention to pursue a separation of its Electrical Distribution Systems business into a new, independent publicly traded company, through a transaction expected to be treated as a tax-free spin-off to its shareholders. The Company plans to complete the separation by March 31, 2026, subject to customary closing conditions.Realignment of Operating SegmentsIn connection with the planned spin-off of the Company’s Electrical Distribution Systems business, in the first quarter of 2025 Aptiv is realigning its business into three reportable operating segments: Electrical Distribution Systems, Engineered Components Group and Advanced Safety and User Experience. The changes to Aptiv’s segment reporting will be reflected in Aptiv’s financial statements commencing with the first Quarterly Report on Form 10-Q of 2025.