Company: APTV
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001521332-25-000027
Chunk: 187

Company: Aptiv PLC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 8
Chunk 187
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*Accrued liabilities8 Accrued liabilities50 (42)Commodity derivativesOther long-term assets2 Other long-term liabilities1 Foreign currency derivatives*Other long-term assets1 Other long-term assets— 1 Foreign currency derivatives*Other long-term liabilities2 Other long-term liabilities10 (8)Total derivatives designated as hedges$42 $64 Derivatives not designated:Foreign currency derivatives*Accrued liabilities$— Accrued liabilities$1 (1)Total derivatives not designated as hedges$— $1  Asset DerivativesLiability DerivativesNet Amounts of Assets and (Liabilities) Presented in the Balance Sheet Balance Sheet LocationDecember 31,2024Balance Sheet LocationDecember 31,2024December 31,2024 (in millions)Derivatives designated as cash flow hedges:Commodity derivativesOther current assets$5 Accrued liabilities$5 Foreign currency derivatives*Other current assets10 Other current assets3 $7 Foreign currency derivatives*Accrued liabilities10 Accrued liabilities80 (70)Commodity derivativesOther long-term assets1 Other long-term liabilities7 Foreign currency derivatives*Other long-term liabilities3 Other long-term liabilities35 (32)Derivatives designated as net investment hedges:Foreign currency derivativesOther current assets5 Accrued liabilities— Total derivatives designated as hedges$34 $130 Derivatives not designated:Foreign currency derivatives*Other current assets$1 Other current assets$— 1 Foreign currency derivatives*Accrued liabilities— Accrued liabilities1 (1)Total derivatives not designated as hedges$1 $1 *    Derivative instruments within this category are subject to master netting arrangements and are presented on a net basis in the consolidated balance sheets in accordance with accounting guidance related to the offsetting of amounts related to certain contracts.The fair value of Aptiv’s derivative financial instruments were in a net liability position as of March 31, 2025 and December 31, 2024.

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Effect of Derivatives on the Statements of Operations and Statements of Comprehensive IncomeThe pre-tax effects of derivative financial instruments in the consolidated statements of operations and consolidated statements of comprehensive income for the three months ended March 31, 2025 and 2024 are as follows:Three Months Ended March 31, 2025Gain