Company: APTV
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001521332-25-000040
Chunk: 50

Company: Aptiv PLC
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 50
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31, 2024:Commodity derivatives$6 $— $6 $— Foreign currency derivatives13 — 13 — Publicly traded equity securities11 11 — — Available-for-sale debt securities161 — — 161 Total$191 $11 $19 $161 

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As of June 30, 2025 and December 31, 2024, Aptiv had the following liabilities measured at fair value on a recurring basis:TotalQuoted Prices in Active MarketsLevel 1Significant Other Observable InputsLevel 2Significant Unobservable InputsLevel 3 (in millions)As of June 30, 2025:Foreign currency derivatives$2 $— $2 $— Total$2 $— $2 $— As of December 31, 2024:Commodity derivatives$12 $— $12 $— Foreign currency derivatives103 — 103 — Total$115 $— $115 $— Non-derivative financial instruments—Aptiv’s non-derivative financial instruments include cash and cash equivalents, accounts and notes receivable, accounts payable, as well as debt, which consists of its accounts receivable factoring arrangement, finance leases and other debt issued by Aptiv’s non-U.S. subsidiaries, the Revolving Credit Facility, the Term Loan A and all series of outstanding senior and junior notes. The fair value of debt is based on quoted market prices for instruments with public market data or significant other observable inputs for instruments without a quoted public market price (Level 2). As of June 30, 2025 and December 31, 2024, total debt was recorded at $7,790 million and $8,352 million, respectively, and had estimated fair values of $6,656 million and $7,125 million, respectively. For all other financial instruments recorded at June 30, 2025 and December 31, 2024, fair value approximates book value.Fair Value Measurements on a Nonrecurring BasisIn addition to items that are measured at fair value on a recurring basis, Aptiv also has items in its balance sheet that are measured at fair value on a nonrecurring basis. As these items are not measured at fair value on a recurring basis, they are not included in the tables above. Financial and nonfinancial assets and liabilities that are