v3.26.1
Segment Reporting
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Reporting SEGMENT REPORTING
In connection with the Separation, as further described in Note 22. Separation of Electrical Distribution Systems, in the first quarter of 2025, Aptiv realigned its business into three reportable operating segments: Advanced Safety and User Experience, Engineered Components Group and Electrical Distribution Systems. In the first quarter of 2026, Aptiv renamed its Advanced Safety and User Experience segment to Intelligent Systems and renamed its Engineered Components Group segment to Engineered Components.
Aptiv operates its core business along the following operating segments, which are grouped on the basis of similar product, market and operating factors:
•Electrical Distribution Systems, which includes a full range of low voltage and high voltage power, signal and data distribution solutions needed to deliver fully integrated, cost-optimized architectures. As described in Note 22. Separation of Electrical Distribution Systems, on April 1, 2026, the Company completed the previously announced Separation of the Electrical Distribution Systems business.
•Engineered Components, which includes connection systems, high-performance interconnects, and cable management and protection solutions that optimize the distribution of power, signal and data for next-generation applications across multiple end markets.
•Intelligent Systems, which includes platforms and modular offerings, such as intelligent sensors, high-performance compute, and advanced software tools and services.
•Eliminations and Other, which includes i) the elimination of inter-segment transactions, and ii) certain other expenses and income of a non-operating or strategic nature.
The accounting policies of the segments are the same as those described in Note 2. Significant Accounting Policies, except that the disaggregated financial results for the segments have been prepared using a management approach, which is consistent with the basis and manner in which management internally disaggregates financial information for which Aptiv’s chief operating decision maker (“CODM”), who is the Company’s chair and chief executive officer, regularly reviews financial results to assess performance of, and make internal operating decisions about allocating resources to, the segments.
Generally, Aptiv evaluates segment performance based on stand-alone segment net income (loss) before interest expense, other income (expense), net, income tax (expense) benefit, equity income (loss), net of tax, amortization, restructuring, Separation costs related to the planned spin-off of the Electrical Distribution Systems business, other acquisition and portfolio project costs (which includes costs incurred to integrate acquired businesses and to plan and execute product portfolio transformation actions, including business and product acquisitions and divestitures), goodwill and other asset impairments, compensation expense related to acquisitions and gains (losses) on business divestitures and other transactions (“Adjusted Operating Income”).
Aptiv’s management, including the CODM, utilizes Adjusted Operating Income as the key performance measure of segment income or loss to evaluate segment performance, and for planning and forecasting purposes to allocate resources to the segments, as management believes this measure is most reflective of the operational profitability or loss of Aptiv’s operating segments. The CODM regularly evaluates budget-to-actual and period-over-period variances for this metric when making decisions about the allocation of operating and capital resources to each segment. The CODM also uses Adjusted Operating Income in evaluating the operating performance of each segment and as part of determining the compensation of the segment managers and certain other employees.
Segment Adjusted Operating Income should not be considered a substitute for results prepared in accordance with U.S. GAAP and should not be considered an alternative to net income (loss) attributable to Aptiv, which is the most directly comparable financial measure to Adjusted Operating Income that is prepared in accordance with U.S. GAAP. Segment Adjusted Operating Income, as determined and measured by Aptiv, should also not be compared to similarly titled measures reported by other companies.
Included below are sales, significant expenses and operating data for Aptiv’s segments for the three months ended March 31, 2026 and 2025.
Electrical Distribution SystemsEngineered ComponentsIntelligent SystemsEliminations and Other (1)Total
 (in millions)
For the Three Months Ended March 31, 2026:
Sales from external customers$2,210 $1,448 $1,428 $— $5,086 
Intersegment revenues2 209 5 (216)— 
Net sales$2,212 $1,657 $1,433 $(216)$5,086 
Cost of sales(1,970)(1,228)(1,184)216 (4,166)
Selling, general and administrative(154)(161)(112)— (427)
Other segment items (2)61 3 5 — 69 
Segment adjusted operating income$149 $271 $142 $— $562 
Depreciation and amortization$62 $113 $75 $— $250 
Equity income (loss), net of tax$4 $— $(17)$— $(13)
Net income attributable to noncontrolling interest$3 $— $— $— $3 
Net loss attributable to redeemable noncontrolling interest$— $(1)$— $— $(1)
Capital expenditures$66 $98 $44 $11 $219 
Electrical Distribution SystemsEngineered ComponentsIntelligent SystemsEliminations and Other (1)Total
 (in millions)
For the Three Months Ended March 31, 2025:
Sales from external customers$2,023 $1,381 $1,421 $— $4,825 
Intersegment revenues1 200 3 (204)— 
Net sales$2,024 $1,581 $1,424 $(204)$4,825 
Cost of sales(1,778)(1,166)(1,165)204 (3,905)
Selling, general and administrative(124)(148)(112)— (384)
Other segment items (2)21 7 8 — 36 
Segment adjusted operating income$143 $274 $155 $— $572 
Depreciation and amortization$57 $112 $73 $— $242 
Equity income (loss), net of tax$5 $— $(15)$— $(10)
Net income attributable to noncontrolling interest$1 $— $— $— $1 
Net loss attributable to redeemable noncontrolling interest$— $(1)$— $— $(1)
Capital expenditures$28 $121 $41 $7 $197 
(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, goodwill and other asset impairments, compensation expense related to acquisitions and Separation costs, as described above in the definition of Adjusted operating income.
The reconciliations of Segment Adjusted Operating Income to net income (loss) attributable to Aptiv for the three months ended March 31, 2026 and 2025 are as follows:
Electrical Distribution SystemsEngineered ComponentsIntelligent SystemsTotal
 (in millions)
For the Three Months Ended March 31, 2026:
Segment adjusted operating income$149 $271 $142 $562 
Amortization(1)(30)(22)(53)
Restructuring(46)(4)(12)(62)
Separation costs(57)— — (57)
Other acquisition and portfolio project costs(1)(3)(3)(7)
Asset impairments(7)— — (7)
Compensation expense related to acquisitions— — (2)(2)
Net gain on lease terminations4 — — 4 
Operating income378 
Interest expense(89)
Other expense, net(4)
Income before income taxes and equity loss285 
Income tax expense(81)
Equity loss, net of tax
(13)
Net income191 
Net income attributable to noncontrolling interest3 
Net loss attributable to redeemable noncontrolling interest(1)
Net income attributable to Aptiv$189 
Electrical Distribution SystemsEngineered ComponentsIntelligent SystemsTotal
 (in millions)
For the Three Months Ended March 31, 2025:
Segment adjusted operating income$143 $274 $155 $572 
Amortization— (29)(22)(51)
Restructuring(16)(15)(6)(37)
Separation costs(19)— — (19)
Other acquisition and portfolio project costs(2)(2)(3)(7)
Asset impairments— (5)— (5)
Compensation expense related to acquisitions— — (5)(5)
Operating income448 
Interest expense(93)
Other expense, net— 
Income before income taxes and equity loss355 
Income tax expense(356)
Equity loss, net of tax(10)
Net loss(11)
Net income attributable to noncontrolling interest1 
Net loss attributable to redeemable noncontrolling interest(1)
Net loss attributable to Aptiv$(11)