Company: APTV
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001521332-25-000027
Chunk: 184

Company: Aptiv PLC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 8
Chunk 184
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ingbo) Co., Ltd (“Maxieye”), both of which are foreign currency-denominated investments. Refer to Note 15. Fair Value of Financial Instruments for additional information. 

27

Reclassifications from accumulated other comprehensive income (loss) to income for the three months ended March 31, 2025 and 2024 were as follows:Reclassification Out of Accumulated Other Comprehensive Income (Loss)Details About Accumulated Other Comprehensive Income ComponentsThree Months Ended March 31,Affected Line Item in the Statements of Operations20252024(in millions)Gains (losses) on derivatives:Commodity derivatives$(4)$(4)Cost of salesForeign currency derivatives8 48 Cost of sales4 44 Income before income taxes(3)— Income tax expense1 44 Net (loss) income— — Net income attributable to noncontrolling interest$1 $44 Net (loss) income attributable to AptivTotal reclassifications for the period$1 $44 .

14. DERIVATIVES AND HEDGING ACTIVITIES

Cash Flow HedgesAptiv is exposed to market risk, such as fluctuations in foreign currency exchange rates, commodity prices and changes in interest rates, which may result in cash flow risks. To manage the volatility relating to these exposures, Aptiv aggregates the exposures on a consolidated basis to take advantage of natural offsets. For exposures that are not offset within its operations, Aptiv enters into various derivative transactions pursuant to its risk management policies, which prohibit holding or issuing derivative financial instruments for speculative purposes, and designation of derivative instruments is performed on a transaction basis to support hedge accounting. The changes in fair value of these hedging instruments are offset in part or in whole by corresponding changes in the fair value or cash flows of the underlying exposures being hedged. Aptiv assesses the initial and ongoing effectiveness of its hedging relationships in accordance with its documented policy.As of March 31, 2025, the Company had the following outstanding notional amounts related to commodity and foreign currency forward and option contracts designated as cash flow hedges that were entered into to hedge forecasted exposures:CommodityQuantity HedgedUnit of MeasureNotional Amount(Approximate USD Equivalent) (in thousands)(in millions)Copper90,639 pounds$400 Foreign CurrencyQuantity HedgedUnit of MeasureNotional Amount(Approximate USD Equivalent) (in millions)Mexican Peso26,756 MXN$1,320 Chinese Yuan