Company: APTV
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001521332-25-000051
Chunk: 42

Company: Aptiv PLC
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 42
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Weighted Average SharesThe following table illustrates net (loss) income per share attributable to Aptiv and the weighted average shares outstanding used in calculating basic and diluted (loss) income per share:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024 (in millions, except per share data)Numerator:Net (loss) income attributable to Aptiv$(355)$363 $27 $1,519 Denominator:Weighted average ordinary shares outstanding, basic217.41 245.48 221.72 263.55 Dilutive shares related to restricted stock units— 0.30 0.58 0.22 Weighted average ordinary shares outstanding, including dilutive shares217.41 245.78 222.30 263.77 Net (loss) income per share attributable to Aptiv:Basic$(1.63)$1.48 $0.12 $5.76 Diluted$(1.63)$1.48 $0.12 $5.76 Share Repurchase ProgramsIn July 2024, the Board of Directors authorized a share repurchase program of up to $5.0 billion of ordinary shares, which commenced in August 2024 following completion of the Company’s $2.0 billion January 2019 share repurchase program. This share repurchase program provides for share purchases in the open market or in privately negotiated transactions (which may include derivative transactions, including an accelerated share repurchase program (“ASR”)), depending on share price, market conditions and other factors, as determined by the Company.As part of the Company’s share repurchase program, on August 1, 2024, the Company entered into ASR agreements with each of Goldman Sachs International and JPMorgan Chase Bank, N.A. to repurchase an aggregate of $3.0 billion of Aptiv’s ordinary shares (the “ASR Agreements”).Under the terms of the ASR Agreements, on August 2, 2024, the Company made an aggregate payment of $3.0 billion (the “Repurchase Price”) and received initial deliveries of approximately 30.8 million ordinary shares with a value of $2.25 billion, which were retired immediately and recorded as a reduction to shareholders’ equity. Aptiv incurred approximately $4 million of direct costs in connection with the ASR Agreements. Given the Company’s ability to settle in shares, the remaining $750 million