Company: APTV
Filing Date: 2025-02-07
Form Type: 10-K
Source: 0001521332-25-000010
Chunk: 205

Company: Aptiv PLC
Filing Date: 2025-02-07
Form: 10-K
Item: Item 8
Chunk 205
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 million, and received $6 million and $7 million, respectively, at settlement related to these series of forward contracts which matured throughout each respective year. In September 2024, the Company entered into forward contracts with a total notional amount of 700 million RMB (approximately $100 million, using foreign currency rates on the trade date), which mature in March 2025. Refer to the tables below for details of the fair value recorded in the consolidated balance sheets and the effects recorded in the consolidated statements of operations and consolidated statements of comprehensive income related to these derivative instruments.

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The Company has designated the €750 million 2024 Euro-denominated Senior Notes and the €500 million 2016 Euro-denominated Senior Notes as net investment hedges of the foreign currency exposure of its investments in certain Euro-denominated subsidiaries, and had designated the €700 million 2015 Euro-denominated Senior Notes prior to being redeemed in December 2024, as more fully described in Note 11. Debt. Due to changes in the value of the Euro-denominated debt instruments designated as net investment hedges, during the years ended December 31, 2024 and 2023, $77 million of gains and $39 million of losses, respectively, were recognized within the cumulative translation adjustment component of OCI. Included in accumulated OCI related to these net investment hedges were cumulative gains of $75 million as of December 31, 2024 and losses of $2 million as of December 31, 2023.Derivatives Not Designated as HedgesIn certain occasions the Company enters into certain foreign currency and commodity contracts that are not designated as hedges. When hedge accounting is not applied to derivative contracts, gains and losses are recorded to other income (expense), net and cost of sales in the consolidated statements of operations.Fair Value of Derivative Instruments in the Balance SheetThe fair value of derivative financial instruments recorded in the consolidated balance sheets as of December 31, 2024 and 2023 are as follows: 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