Company: APTV
Filing Date: 2025-02-07
Form Type: 10-K
Source: 0001521332-25-000010
Chunk: 229

Company: Aptiv PLC
Filing Date: 2025-02-07
Form: 10-K
Item: Item 8
Chunk 229
---
 satisfied when customers obtain control of the product upon title transfer and not as the product is manufactured or developed.Although production parts are highly customized with no alternative use, Aptiv does not have an enforceable right to payment as customers have the right to cancel a product program without a notification period. The amount of revenue recognized is based on the purchase order price and adjusted for revenue allocated to variable consideration (i.e., estimated rebates and price discounts), as applicable. Customers typically pay for production parts based on customary business practices with payment terms averaging 60 days.The Company also generates revenue from the sale of software licenses, post delivery support and maintenance and professional software services, primarily from Wind River, which the Company acquired in December 2022. Refer to Note 20. Acquisitions and Divestitures for further information on this acquisition. The Company generally recognizes revenue for software licenses and professional software services at a point in time upon delivery or when the services are provided. Revenue from post delivery support and maintenance for software contracts is generally recognized over time on a ratable basis over the contract term. Under certain of these arrangements, timing may differ between revenue recognition and billing.

134

Disaggregation of RevenueRevenue generated from Aptiv’s operating segments is disaggregated by primary geographic market and by core product line in the following tables for the years ended December 31, 2024, 2023 and 2022. Information concerning geographic market reflects the manufacturing location.Revenue by geographic market for the years ended December 31, 2024, 2023 and 2022 is as follows:For the Year Ended December 31, 2024:Signal and Power SolutionsAdvanced Safety and User ExperienceEliminations and OtherTotal(in millions)Geographic MarketNorth America$5,106 $2,050 $(15)$7,141 Europe, Middle East and Africa3,849 2,655 (15)6,489 Asia Pacific4,667 1,086 (31)5,722 South America361 — — 361 Total net sales$13,983 $5,791 $(61)$19,713 For the Year Ended December 31, 2023:Signal and Power SolutionsAdvanced Safety and User ExperienceEliminations and OtherTotal(in millions)Geographic MarketNorth America$5,343 $1,860 $(8)$7,195 Europe, Middle East and Africa4,040 2,713 (15)6,738 Asia Pacific