Company: APTV
Filing Date: 2025-02-07
Form Type: 10-K
Source: 0001521332-25-000010
Chunk: 199

Company: Aptiv PLC
Filing Date: 2025-02-07
Form: 10-K
Item: Item 8
Chunk 199
---
, 2022, the impact of the MCPS calculated under the if-converted method was anti-dilutive, and as such 12.37 million ordinary shares underlying the MCPS were excluded from the diluted net income per share calculation. For all periods presented, the calculation of net income per share also contemplates the dilutive impacts, if any, of the Company’s share-based compensation plans. Refer to Note 21. Share-Based Compensation for additional information.Weighted Average SharesThe following table illustrates net income per share attributable to ordinary shareholders and the weighted average shares outstanding used in calculating basic and diluted income per share:Year Ended December 31,202420232022 (in millions, except per share data)Numerator, basic:Net income attributable to ordinary shareholders$1,787 $2,909 $531 Numerator, diluted:Net income attributable to Aptiv$1,787 $2,938 $594 MCPS dividends (1)— — (63)Numerator, diluted$1,787 $2,938 $531 Denominator:Weighted average ordinary shares outstanding, basic256.38 276.92 270.90 Dilutive shares related to RSUs0.28 0.17 0.28 Weighted average MCPS converted shares (1)— 5.79 — Weighted average ordinary shares outstanding, including dilutive shares256.66 282.88 271.18 Net income per share attributable to ordinary shareholders:Basic$6.97 $10.50 $1.96 Diluted$6.96 $10.39 $1.96 (1)For purposes of calculating net income per share under the if-converted method, the Company has excluded the impact of the MCPS dividends for the year ended December 31, 2023, as the assumed conversion of the MCPS into ordinary shares on a weighted average basis was more dilutive to net income per share than the impact of the MCPS dividends. The Company has included the impact of the MCPS dividends for the year ended December 31, 2022, as the impact was more dilutive to net income per share than the impact of assuming the conversion of the MCPS into ordinary shares on a weighted average basis.Share Repurchase ProgramsIn July 2024, the Board of Directors authorized a share repurchase program of up to $5.0 billion of ordinary shares, which commenced in