Company: APTV
Filing Date: 2025-02-07
Form Type: 10-K
Source: 0001521332-25-000010
Chunk: 230

Company: Aptiv PLC
Filing Date: 2025-02-07
Form: 10-K
Item: Item 8
Chunk 230
---
4,600 1,122 (25)5,697 South America421 — — 421 Total net sales$14,404 $5,695 $(48)$20,051 For the Year Ended December 31, 2022:Signal and Power SolutionsAdvanced Safety and User ExperienceEliminations and OtherTotal(in millions)Geographic MarketNorth America$5,026 $1,435 $(10)$6,451 Europe, Middle East and Africa3,289 2,094 (11)5,372 Asia Pacific4,236 1,058 (20)5,274 South America392 — — 392 Total net sales$12,943 $4,587 $(41)$17,489 

135

Revenue by core product line for the years ended December 31, 2024, 2023 and 2022 is as follows: Year Ended December 31, 202420232022 (in millions)Electrical Distribution Systems$8,247 $8,719 $7,628 Engineered Components Group6,401 6,440 5,997 Eliminations(665)(755)(682)Signal and Power Solutions13,983 14,404 12,943 Active Safety2,932 2,522 1,961 Smart Vehicle Compute and Software506 506 70 User Experience and Other2,412 2,723 2,557 Eliminations(59)(56)(1)Advanced Safety and User Experience5,791 5,695 4,587 Eliminations(61)(48)(41)Total net sales$19,713 $20,051 $17,489 Contract BalancesContract liabilities solely consist of deferred revenue. As of December 31, 2024 and 2023, the balance of contract liabilities was $124 million (of which $111 million was recorded in other current liabilities and $13 million was recorded in other long-term liabilities) and $109 million (of which $93 million was recorded in other current liabilities and $16 million was recorded in other long-term liabilities), respectively. The increase in the contract liabilities balance was primarily driven by cash payments received or due in advance of the performance obligation being satisfied, partially offset by $95 million of revenues recognized during the year ended December 31, 2024 that were included in the contract liability balance as of December 31,