Company: APTV
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001521332-25-000051
Chunk: 260

Company: Aptiv PLC
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 260
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$22 $(16)$67 Engineered Components Group$298 $272 $26 $25 $28 $(27)$26 Advanced Safety and User Experience$164 $196 $(32)$22 $(7)$(47)$(32)

70

As noted in the table above, Adjusted Operating Income for the three months ended September 30, 2025 as compared to the three months ended September 30, 2024 was impacted by operational performance, volume, including product mix, as well as the impacts of favorable pricing, net of contractual price reductions, of $8 million. Adjusted Operating Income was also impacted by the following items included within Other in the table above:

•$33 million of unfavorable foreign currency impacts, primarily related to the Mexican Peso; and

•Approximately $50 million of increased SG&A expense, excluding the impact of separation costs and other acquisition and portfolio project costs, primarily driven by the absence of a credit loss recovery of approximately $25 million related to a supply relationship in Europe.

 Nine Months Ended September 30,Variance Due To: 20252024Favorable/(unfavorable)Volume, net of contractual price reductionsOperational performanceOtherTotal (in millions)(in millions)Electrical Distribution Systems$498 $399 $99 $68 $78 $(47)$99 Engineered Components Group$859 $823 $36 $55 $59 $(78)$36 Advanced Safety and User Experience$497 $521 $(24)$2 $75 $(101)$(24)

As noted in the table above, Adjusted Operating Income for the nine months ended September 30, 2025 as compared to the nine months ended September 30, 2024 was impacted by operational performance, volume, including product mix, as well as the impacts of contractual price reductions, net of price recoveries, of $22 million. Adjusted Operating Income was also impacted by the following items included within Other in the table above:

•$102 million of unfavorable foreign currency impacts, primarily related to the Mexican Peso; 

•Approximately $60 million of increased SG&A expense, including increased incentive compensation costs, excluding the impact of separation costs and other acquisition and portfolio project costs;

•Approximately $30 million of increased depreciation, primarily as a result of a higher fixed asset base; and

•$15 million of increased warranty costs.

Liquidity and