Company: APTV
Filing Date: 2025-02-07
Form Type: 10-K
Source: 0001521332-25-000010
Chunk: 159

Company: Aptiv PLC
Filing Date: 2025-02-07
Form: 10-K
Item: Item 8
Chunk 159
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 for the years ended December 31, 2024, 2023 and 2022, respectively, have been received from these non-consolidated affiliates. During the year ended December 31, 2024, Aptiv recorded a non-cash, pre-tax impairment charge of approximately $36 million for TTTech Auto, as described below, within net gain on equity method transactions in the consolidated statements of operations. There were no impairment charges recorded for the years ended December 31, 2023 and 2022.The following is a summary of the combined financial information of significant affiliates accounted for under the equity method as of December 31, 2024 and 2023 and for the years ended December 31, 2024, 2023 and 2022: December 31, 20242023 (in millions)Current assets$727 $681 Non-current assets2,432 2,499 Total assets$3,159 $3,180 Current liabilities$235 $222 Non-current liabilities73 86 Shareholders’ equity2,851 2,872 Total liabilities and shareholders’ equity$3,159 $3,180 Year Ended December 31, 202420232022 (in millions)Net sales$974 $813 $761 Gross loss$(136)$(327)$(357)Net loss$(397)$(624)$(589)

85

A summary of transactions with affiliates is shown below:Year Ended December 31, 202420232022 (in millions)Sales to affiliates$15 $15 $35 Purchases from affiliates$8 $15 $18 A summary of amounts recorded in the Company’s consolidated balance sheets related to its affiliates is shown below:December 31, 20242023 (in millions)Receivables due from affiliates$— $2 Payables due to affiliates$13 $13 Motional Joint Venture Funding and Ownership Restructuring TransactionsOn April 19, 2024, Aptiv and Hyundai Motor Group (“Hyundai”) entered into an agreement to restructure Aptiv’s ownership interest in Motional and for Hyundai to provide additional funding to Motional, each as described below. Prior to these transactions, Motional was 50% owned by each of Aptiv and Hyundai. As part of the agreement, on May 2, 2024, Hyundai invested $475 million in Motional in exchange for an