v3.25.2
Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Included below are sales, significant expenses and operating data for Aptiv’s segments for the three and six months ended June 30, 2025 and 2024.
Electrical Distribution SystemsEngineered Components GroupAdvanced Safety and User ExperienceEliminations and Other (1)Total
 (in millions)
For the Three Months Ended June 30, 2025:
Sales from external customers$2,206 $1,499 $1,503 $— $5,208 
Intersegment revenues— 224 4 (228)— 
Net sales$2,206 $1,723 $1,507 $(228)$5,208 
Cost of sales(1,944)(1,277)(1,218)228 (4,211)
Selling, general and administrative(132)(160)(114)— (406)
Other segment items (2)33 1 3 — 37 
Segment adjusted operating income$163 $287 $178 $— $628 
Depreciation and amortization$64 $113 $73 $— $250 
Net gain on equity method transactions$— $— $46 $— $46 
Equity income (loss), net of tax$3 $— $(14)$— $(11)
Net income attributable to noncontrolling interest$5 $— $— $— $5 
Net loss attributable to redeemable noncontrolling interest$— $(1)$— $— $(1)
Capital expenditures$51 $61 $33 $4 $149 
Electrical Distribution SystemsEngineered Components Group Advanced Safety and User ExperienceEliminations and Other (1)Total
 (in millions)
For the Three Months Ended June 30, 2024:
Sales from external customers$2,064 $1,433 $1,554 $— $5,051 
Intersegment revenues1 193 — (194)— 
Net sales$2,065 $1,626 $1,554 $(194)$5,051 
Cost of sales(1,822)(1,183)(1,272)194 (4,083)
Selling, general and administrative(114)(153)(138)— (405)
Other segment items (2)9 8 26 — 43 
Segment adjusted operating income$138 $298 $170 $— $606 
Depreciation and amortization$56 $106 $86 $— $248 
Net gain on equity method transactions$— $— $641 $— $641 
Equity income (loss), net of tax$4 $— $(38)$— $(34)
Net income attributable to noncontrolling interest$5 $— $— $— $5 
Capital expenditures$64 $88 $65 $9 $226 

Electrical Distribution SystemsEngineered Components GroupAdvanced Safety and User ExperienceEliminations and Other (1)Total
 (in millions)
For the Six Months Ended June 30, 2025:
Sales from external customers$4,229 $2,880 $2,924 $— $10,033 
Intersegment revenues1 424 7 (432)— 
Net sales$4,230 $3,304 $2,931 $(432)$10,033 
Cost of sales(3,722)(2,443)(2,383)432 (8,116)
Selling, general and administrative(256)(308)(226)— (790)
Other segment items (2)54 8 11 — 73 
Segment adjusted operating income$306 $561 $333 $— $1,200 
Depreciation and amortization$121 $225 $146 $— $492 
Net gain on equity method transactions$— $— $46 $— $46 
Equity income (loss), net of tax$8 $— $(29)$— $(21)
Net income attributable to noncontrolling interest
$6 $— $— $— $6 
Net loss attributable to redeemable noncontrolling interest$— $(2)$— $— $(2)
Capital expenditures$79 $182 $74 $11 $346 
Electrical Distribution SystemsEngineered Components GroupAdvanced Safety and User ExperienceEliminations and Other (1)Total
 (in millions)
For the Six Months Ended June 30, 2024:
Sales from external customers$4,144 $2,826 $2,982 $— $9,952 
Intersegment revenues2 396 1 (399)— 
Net sales$4,146 $3,222 $2,983 $(399)$9,952 
Cost of sales(3,671)(2,383)(2,451)399 (8,106)
Selling, general and administrative(221)(304)(246)— (771)
Other segment items (2)20 16 39 — 075 
Segment adjusted operating income$274 $551 $325 $— $1,150 
Depreciation and amortization$114 $209 $155 $— $478 
Net gain on equity method transactions$— $— $641 $— $641 
Equity income (loss), net of tax$8 $— $(111)$— $(103)
Net income attributable to noncontrolling interest$11 $— $— $— $11 
Capital expenditures$131 $213 $120 $27 $491 
(1)Eliminations and Other includes the elimination of inter-segment transactions. Capital expenditures amounts are attributable to corporate administrative and support functions, including corporate headquarters and certain technical centers.
(2)Other segment items represent costs that are not included in Adjusted operating income, such as other acquisitions and portfolio project costs, asset impairments, compensation expense related to acquisitions and separation costs, as described above in the definition of Adjusted operating income.
Reconciliation of Segment Adjusted OI to Consolidated Net Income
The reconciliations of Segment Adjusted Operating Income to net income attributable to Aptiv for the three and six months ended June 30, 2025 and 2024 are as follows:
Electrical Distribution SystemsEngineered Components GroupAdvanced Safety and User ExperienceTotal
 (in millions)
For the Three Months Ended June 30, 2025:
Segment adjusted operating income$163 $287 $178 $628 
Amortization(1)(30)(22)(53)
Restructuring(25)(17)(10)(52)
Separation costs(28)— — (28)
Other acquisition and portfolio project costs(2)— (4)(6)
Asset impairments(3)(1)— (4)
Compensation expense related to acquisitions— — (4)(4)
Gain on asset sale— — 5 5 
Operating income486 
Interest expense(91)
Other income, net12 
Net gain on equity method transactions46 
Income before income taxes and equity loss453 
Income tax expense(45)
Equity loss, net of tax
(11)
Net income397 
Net income attributable to noncontrolling interest5 
Net loss attributable to redeemable noncontrolling interest(1)
Net income attributable to Aptiv$393 
Electrical Distribution SystemsEngineered Components GroupAdvanced Safety and User ExperienceTotal
 (in millions)
For the Three Months Ended June 30, 2024:
Segment adjusted operating income$138 $298 $170 $606 
Amortization— (31)(21)(52)
Restructuring(35)(19)(16)(70)
Other acquisition and portfolio project costs(9)(8)(8)(25)
Asset impairments— — (14)(14)
Compensation expense related to acquisitions— — (4)(4)
Operating income441 
Interest expense(64)
Other income, net10 
Net gain on equity method transactions 641 
Income before income taxes and equity loss1,028 
Income tax expense(51)
Equity loss, net of tax(34)
Net income943 
Net income attributable to noncontrolling interest5 
Net income attributable to Aptiv$938 
Electrical Distribution SystemsEngineered Components GroupAdvanced Safety and User ExperienceTotal
 (in millions)
For the Six Months Ended June 30, 2025:
Segment adjusted operating income$306 $561 $333 $1,200 
Amortization(1)(59)(44)(104)
Restructuring(41)(32)(16)(89)
Separation costs(47)— — (47)
Other acquisition and portfolio project costs(4)(2)(7)(13)
Asset impairments(3)(6)— (9)
Compensation expense related to acquisitions— — (9)(9)
Gain on asset sale— — 5 5 
Operating income934 
Interest expense(184)
Other income, net12 
Net gain on equity method transactions46 
Income before income taxes and equity loss808 
Income tax expense(401)
Equity loss, net of tax
(21)
Net income386 
Net income attributable to noncontrolling interest6 
Net loss attributable to redeemable noncontrolling interest(2)
Net income attributable to Aptiv$382 
Electrical Distribution SystemsEngineered Components GroupAdvanced Safety and User ExperienceTotal
 (in millions)
For the Six Months Ended June 30, 2024:
Segment adjusted operating income$274 $551 $325 $1,150 
Amortization(1)(61)(44)(106)
Restructuring(50)(26)(33)(109)
Other acquisition and portfolio project costs(20)(16)(17)(53)
Asset impairments— — (14)(14)
Compensation expense related to acquisitions— — (8)(8)
Operating income860 
Interest expense(129)
Other income, net25 
Net gain on equity method transactions641 
Income before income taxes and equity loss1,397 
Income tax expense(127)
Equity loss, net of tax(103)
Net income1,167 
Net income attributable to noncontrolling interest11 
Net income attributable to Aptiv$1,156 
 Electrical Distribution SystemsEngineered Components GroupAdvanced Safety and User ExperienceEliminations and Other (1)Total
 (in millions)
Balance as of June 30, 2025:
 
Investment in affiliates$145 $— $1,166 $— $1,311 
Total segment assets$5,528 $10,469 $9,722 $(1,777)$23,942 
Balance as of December 31, 2024:
Investment in affiliates$132 $— $1,301 $— $1,433 
Total segment assets$5,019 $9,707 $9,585 $(853)$23,458 
(1)Eliminations and Other includes corporate assets and the elimination of inter-segment transactions.