Company: APTV
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001521332-25-000040
Chunk: 126

Company: Aptiv PLC
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 2
Chunk 126
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 follows: Three Months Ended June 30,Six Months Ended June 30, 2025 2024 Favorable/(unfavorable)2025 2024 Favorable/(unfavorable) (dollars in millions)Net sales$5,208 $5,051 $157 $10,033 $9,952 $81 Cost of sales4,211 4,083 (128)8,116 8,106 (10)Gross margin997 19.1%968 19.2%29 1,917 19.1%1,846 18.5%71 Selling, general and administrative406 405 (1)790 771 (19)Amortization53 52 (1)104 106 2 Restructuring52 70 18 89 109 20 Operating income486 441 45 934 860 74 Interest expense(91)(64)(27)(184)(129)(55)Other income, net12 10 2 12 25 (13)Net gain on equity method transactions46 641 (595)46 641 (595)Income before income taxes and equity loss453 1,028 (575)808 1,397 (589)Income tax expense(45)(51)6 (401)(127)(274)Income before equity loss408 977 (569)407 1,270 (863)Equity loss, net of tax(11)(34)23 (21)(103)82 Net income397 943 (546)386 1,167 (781)Net income attributable to noncontrolling interest5 5 — 6 11 (5)Net loss attributable to redeemable noncontrolling interest(1)— (1)(2)— (2)Net income attributable to Aptiv$393 $938 $(545)$382 $1,156 $(774)

Total Net Sales

Below is a summary of our total net sales for the three months ended June 30, 2025 versus June 30, 2024. Three Months Ended June 30,Variance Due To: 20252024Favorable/(unfavorable)Volume, net of contractual price reductionsFXCommodity pass-throughOtherTotal (in millions)(in millions)Total net sales