Company: APTV
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001521332-25-000051
Chunk: 46

Company: Aptiv PLC
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 46
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 Income tax expense— — (1)(1)Net (loss) income— — — — Net income attributable to noncontrolling interest$— $— $(1)$(1)Net (loss) income attributable to AptivTotal reclassifications for the period$3 $26 $3 $120 (1)Represents accumulated currency translation adjustment gains reclassified to net (loss) income as a result of the sale of the Company’s investment in TTTech Auto during the nine months ended September 30, 2025.(2)These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (see Note 9. Pension Benefits for additional details).

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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 September 30, 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)Copper80,697 pounds$365 Foreign CurrencyQuantity HedgedUnit of MeasureNotional Amount(Approximate USD Equivalent) (in millions)Mexican Peso21,344 MXN$1,160 Chinese Yuan Renminbi2,805 RMB$395 Polish Zloty911 PLN$250 Hungarian Forint25,400 HUF$75 British Pound61 GBP$80 As of September 30, 2025, Aptiv