v3.26.1
Segment Reporting
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting SEGMENT REPORTING
Aptiv operates its core business along the following operating segments, which are grouped on the basis of similar product, market and operating factors:
•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, income (loss) from discontinued operations, net of tax, amortization, restructuring, Separation costs related to the 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.
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.
As described in Note 21. Discontinued Operations, the Company’s previously reported Electrical Distribution Systems segment has been classified as discontinued operations for all periods presented. Amounts for shared operating expenses that were allocated to the Electrical Distribution Systems segment in prior periods have been re-allocated to the Company's reportable operating segments.
Included below are sales, significant expenses and operating data for Aptiv’s segments for the three and six months ended June 30, 2026 and 2025.
Engineered ComponentsIntelligent SystemsEliminations and Other (1)Total
(in millions)
For the Three Months Ended June 30, 2026:
Sales from external customers$1,781 $1,493 $— $3,274 
Intersegment revenues19 8 (27)— 
Net sales$1,800 $1,501 $(27)$3,274 
Cost of sales(1,303)(1,223)27 (2,499)
Selling, general and administrative(193)(139)— (332)
Other segment items (2)13 17 — 30 
Segment adjusted operating income$317 $156 $— $473 
Depreciation and amortization$115 $80 $— $195 
Operating income$267 $100 $— $367 
Net gain on equity method transactions$— $3 $— $3 
Equity loss, net of tax$— $(17)$— $(17)
Net loss attributable to redeemable noncontrolling interest$(1)$— $— $(1)
Capital expenditures$78 $34 $13 $125 
Engineered ComponentsIntelligent SystemsEliminations and Other (1)Total
(in millions)
For the Three Months Ended June 30, 2025:
Sales from external customers$1,696 $1,503 $— $3,199 
Intersegment revenues22 4 (26)— 
Net sales$1,718 $1,507 $(26)$3,199 
Cost of sales(1,274)(1,220)26 (2,468)
Selling, general and administrative(188)(139)— (327)
Other segment items (2)3 3 — 6 
Segment adjusted operating income$259 $151 $— $410 
Depreciation and amortization$115 $75 $— $190 
Operating income$209 $116 $— $325 
Net gain on equity method transactions$— $46 $— $46 
Equity loss, net of tax$— $(14)$— $(14)
Net income attributable to noncontrolling interest$— $— $5 $5 
Net loss attributable to redeemable noncontrolling interest$(1)$— $— $(1)
Capital expenditures$61 $33 $4 $98 
Engineered ComponentsIntelligent SystemsEliminations and Other (1)Total
(in millions)
For the Six Months Ended June 30, 2026:
Sales from external customers$3,385 $2,921 $— $6,306 
Intersegment revenues37 13 (50)— 
Net sales$3,422 $2,934 $(50)$6,306 
Cost of sales(2,500)(2,411)50 (4,861)
Selling, general and administrative(383)(277)— (660)
Other segment items (2)20 24 — 44 
Segment adjusted operating income$559 $270 $— $829 
Depreciation and amortization$229 $155 $— $384 
Operating income$468 $173 $— $641 
Net gain on equity method transactions$— $3 $— $3 
Equity loss, net of tax$— $(34)$— $(34)
Net income attributable to noncontrolling interest
$— $— $3 $3 
Net loss attributable to redeemable noncontrolling interest$(2)$— $— $(2)
Capital expenditures$176 $78 $24 $278 
Engineered ComponentsIntelligent SystemsEliminations and Other (1)Total
(in millions)
For the Six Months Ended June 30, 2025:
Sales from external customers$3,262 $2,924 $— $6,186 
Intersegment revenues36 7 (43)— 
Net sales$3,298 $2,931 $(43)$6,186 
Cost of sales(2,441)(2,386)43 (4,784)
Selling, general and administrative(362)(274)— (636)
Other segment items (2)11 12 — 23 
Segment adjusted operating income$506 $283 $— $789 
Depreciation and amortization$229 $150 $— $379 
Operating income$403 $211 $— $614 
Net gain on equity method transactions$— $46 $— $46 
Equity loss, net of tax$— $(29)$— $(29)
Net income attributable to noncontrolling interest$— $— $6 $6 
Net loss attributable to redeemable noncontrolling interest$(2)$— $— $(2)
Capital expenditures$182 $74 $11 $267 
(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. Net income attributable to noncontrolling interest amounts are attributable to discontinued operations.
(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 attributable to Aptiv for the three and six months ended June 30, 2026 and 2025 are as follows:
Engineered ComponentsIntelligent SystemsTotal
(in millions)
For the Three Months Ended June 30, 2026:
Segment adjusted operating income$317 $156 $473 
Amortization(29)(23)(52)
Restructuring(8)(16)(24)
Separation costs(10)(8)(18)
Other acquisition and portfolio project costs(3)(5)(8)
Asset impairments— (3)(3)
Compensation expense related to acquisitions— (1)(1)
Operating income367 
Interest expense(62)
Other income, net58 
Net gain on equity method transactions3 
Income from continuing operations before income taxes and equity loss366 
Income tax expense(52)
Equity loss, net of tax
(17)
Income from continuing operations297 
Loss from discontinued operations, net of tax(50)
Net income247 
Net loss attributable to redeemable noncontrolling interest(1)
Net income attributable to Aptiv$248 
Engineered ComponentsIntelligent SystemsTotal
(in millions)
For the Three Months Ended June 30, 2025:
Segment adjusted operating income$259 $151 $410 
Amortization(30)(22)(52)
Restructuring(17)(10)(27)
Separation costs(1)— (1)
Other acquisition and portfolio project costs(1)(4)(5)
Asset impairments(1)— (1)
Gain on asset sale— 5 5 
Compensation expense related to acquisitions— (4)(4)
Operating income325 
Interest expense(92)
Other income, net15 
Net gain on equity method transactions 46 
Income from continuing operations before income taxes and equity loss294 
Income tax expense(16)
Equity loss, net of tax(14)
Income from continuing operations264 
Income from discontinued operations, net of tax133 
Net income397 
Net income attributable to noncontrolling interest5 
Net loss attributable to redeemable noncontrolling interest(1)
Net income attributable to Aptiv$393 
Engineered ComponentsIntelligent SystemsTotal
(in millions)
For the Six Months Ended June 30, 2026:
Segment adjusted operating income$559 $270 $829 
Amortization(59)(45)(104)
Restructuring(12)(28)(40)
Separation costs(13)(10)(23)
Other acquisition and portfolio project costs(7)(8)(15)
Asset impairments— (3)(3)
Compensation expense related to acquisitions— (3)(3)
Operating income641 
Interest expense(146)
Other income, net55 
Net gain on equity method transactions3 
Income from continuing operations before income taxes and equity loss553 
Income tax expense(94)
Equity loss, net of tax(34)
Income from continuing operations425 
Income from discontinued operations, net of tax13 
Net income438 
Net income attributable to noncontrolling interest3 
Net loss attributable to redeemable noncontrolling interest(2)
Net income attributable to Aptiv$437 
Engineered ComponentsIntelligent SystemsTotal
(in millions)
For the Six Months Ended June 30, 2025:
Segment adjusted operating income$506 $283 $789 
Amortization(59)(44)(103)
Restructuring(33)(16)(49)
Separation costs(1)— (1)
Other acquisition and portfolio project costs(4)(8)(12)
Asset impairments(6)— (6)
Gain on asset sale— 5 5 
Compensation expense related to acquisitions— (9)(9)
Operating income614 
Interest expense(185)
Other income, net19 
Net gain on equity method transactions46 
Income from continuing operations before income taxes and equity loss494 
Income tax expense(342)
Equity loss, net of tax(29)
Income from continuing operations123 
Income from discontinued operations, net of tax263 
Net income386 
Net income attributable to noncontrolling interest6 
Net loss attributable to redeemable noncontrolling interest(2)
Net income attributable to Aptiv$382