Company: APTV
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001521332-25-000027
Chunk: 162

Company: Aptiv PLC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 8
Chunk 162
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281 Unamortized Revolving Credit Facility debt issuance costs7 4 Income and other taxes receivable48 47 Reimbursable engineering costs152 124 Value added tax receivable2 2 Technology investments (Note 21)189 178 Derivative financial instruments (Note 14)3 1 Capitalized upfront fees (Note 20)39 43 Contract assets (Note 20)70 65 Other105 97 Total$2,558 $2,842 

5. LIABILITIES

Accrued liabilities consisted of the following:March 31,2025December 31,2024 (in millions)Payroll-related obligations$347 $344 Employee benefits, including current pension obligations76 143 Income and other taxes payable175 187 Warranty obligations (Note 6)78 62 Restructuring (Note 7)86 102 Customer deposits124 132 Derivative financial instruments (Note 14)43 76 Accrued interest98 90 Contract liabilities (Note 20)93 111 Operating lease liabilities130 124 Other413 381 Total$1,663 $1,752 

15

Other long-term liabilities consisted of the following:March 31,2025December 31,2024 (in millions)Environmental$3 $3 Extended disability benefits3 3 Warranty obligations (Note 6)27 12 Restructuring (Note 7)17 16 Payroll-related obligations10 9 Accrued income taxes146 165 Deferred income taxes, net298 290 Contract liabilities (Note 20)28 13 Derivative financial instruments (Note 14)9 39 Other55 63 Total$596 $613 

6. WARRANTY OBLIGATIONS

Expected warranty costs for products sold are recognized principally at the time of sale of the product based on an estimate of the amount that eventually will be required to settle such obligations. These accruals are based on factors such as past experience, production changes, industry developments and various other considerations. The estimated costs related to product recalls based on a formal campaign soliciting return of that product are accrued at the time an obligation becomes probable and can be reasonably estimated. These estimates are adjusted from time to time based on facts and circumstances that impact the status of existing claims. Aptiv has recognized a reasonable estimate