Company: APTV
Filing Date: 2025-02-07
Form Type: 10-K
Source: 0001521332-25-000010
Chunk: 189

Company: Aptiv PLC
Filing Date: 2025-02-07
Form: 10-K
Item: Item 8
Chunk 189
---
 contracts—The insurance contracts are invested in a fund with guaranteed minimum returns. The fair values of these contracts are based on the net asset value underlying the contracts.Debt securities—The fair value of debt securities is determined by direct quoted market prices on regulated financial exchanges.Equity securities—The fair value of equity securities is determined by direct quoted market prices on regulated financial exchanges.

105

 Fair Value Measurements Using SignificantUnobservable Inputs (Level 3) Real Estate Trust FundInsurance ContractsPrivate Lending Funds (in millions)Beginning balance at January 1, 2023$36 $2 $17 Actual return on plan assets:Relating to assets still held at the reporting date(7)— 2 Purchases, sales and settlements(3)— 4 Foreign currency translation and other2 1 1 Ending balance at December 31, 2023$28 $3 $24 Actual return on plan assets:Relating to assets still held at the reporting date$(1)$— $(5)Purchases, sales and settlements(7)— — Foreign currency translation and other(1)(2)— Ending balance at December 31, 2024$19 $1 $19 

13. COMMITMENTS AND CONTINGENCIES

Ordinary Business LitigationAptiv is from time to time subject to various legal actions and claims incidental to its business, including those arising out of alleged defects, alleged breaches of contracts, product warranties, intellectual property matters, and employment-related matters. It is the opinion of Aptiv that the outcome of such matters will not have a material adverse impact on the consolidated financial position, results of operations, or cash flows of Aptiv. With respect to warranty matters, although Aptiv cannot ensure that the future costs of warranty claims by customers will not be material, Aptiv believes its established reserves are adequate to cover potential warranty settlements.Environmental MattersAptiv is subject to the requirements of U.S. federal, state, local and non-U.S. environmental, health and safety laws and regulations. As of December 31, 2024 and 2023, the undiscounted reserve for environmental investigation and remediation recorded in other liabilities was approximately $4 million. Aptiv cannot ensure that environmental requirements will not change or become more stringent over time or that its eventual environmental remediation costs and liabilities will not exceed the amount of its current reserves. In the event that such