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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
________________________________________________________________________________________________________________________

FORM 8-K
________________________________________________________________________________________________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
February 6, 2025
________________________________________________________________________________________________________________________
Aptiv PLC
(Exact name of registrant as specified in its charter)
________________________________________________________________________________________________________________________
Jersey001-3534698-1824200
(State or other jurisdiction
of incorporation)		(Commission
File Number)		(IRS Employer
Identification No.)
Spitalstrasse 5
8200 Schaffhausen, Switzerland
+41 52 580 96 00
(Address of Principal Executive Offices, Including Zip Code)
(Registrant’s Telephone Number, Including Area Code) 
(Former Name or Former Address, if Changed Since Last Report) N/A
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading symbol(s)Name of each exchange on which registered
Ordinary Shares. $0.01 par value per shareAPTVNew York Stock Exchange
1.600% Senior Notes due 2028APTVNew York Stock Exchange
4.350% Senior Notes due 2029APTVNew York Stock Exchange
4.650% Senior Notes due 2029APTVNew York Stock Exchange
3.250% Senior Notes due 2032APTVNew York Stock Exchange
5.150% Senior Notes due 2034APTVNew York Stock Exchange
4.250% Senior Notes due 2036APTVNew York Stock Exchange
4.400% Senior Notes due 2046APTVNew York Stock Exchange
5.400% Senior Notes due 2049APTVNew York Stock Exchange
3.100% Senior Notes due 2051APTVNew York Stock Exchange
4.150% Senior Notes due 2052APTVNew York Stock Exchange
5.750% Senior Notes due 2054APTVNew York Stock Exchange
6.875% Fixed-to-Fixed Reset Rate
Junior Subordinated Notes due 2054		APTVNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐


If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
2

Item 2.02    Results of Operations and Financial Condition.
On February 6, 2025, Aptiv PLC (the “Company”) issued a press release reporting its financial results for the fourth quarter and year ended December 31, 2024. A copy of the press release is attached as an exhibit and is incorporated herein by reference. The press release and teleconference visual presentation are available on the Company’s website at aptiv.com.
Item 7.01    Regulation FD Disclosure.
In connection with the Company's previously announced planned spin-off of its Electrical Distribution Systems business, effective the first quarter of 2025 the Company is realigning its business into three reportable operating segments: Electrical Distribution Systems, Engineered Components Group and Advanced Safety and User Experience.
To assist investors who may want to consider the effects of these segment reporting changes on Aptiv’s historical results, the Company is furnishing herewith as Exhibit 99.2 unaudited supplemental recast financial information for each quarter of and for the years ended December 31, 2024 and 2023, that reflects the segment changes described above. The changes to Aptiv’s segment reporting will be reflected in Aptiv’s financial statements commencing with the first Quarterly Report of 2025 on Form 10-Q.
The information in this Form 8-K, including Exhibit 99.1 and Exhibit 99.2, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933 or the Exchange Act.
Item 9.01    Financial Statements and Exhibits.
(d)  Exhibits.
Exhibit
NumberDescription
99.1
Press Release Dated February 6, 2025
99.2Unaudited Supplemental Summary Financial Information
104Cover Page Interactive Data File (embedded within the Inline XBRL document)

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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date:
February 6, 2025
 APTIV PLC
 
 By:/s/ Varun Laroyia
Varun Laroyia
Executive Vice President and Chief Financial Officer

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EXHIBIT INDEX
Exhibit
NumberDescription
99.1
99.2
104Cover Page Interactive Data File (embedded within the Inline XBRL document)

5
Exhibit 99.1

aptivlogoa21a.jpg

Aptiv Reports Fourth Quarter 2024 Financial Results
Record Full Year Earnings Driven by Strong Operating Performance

SCHAFFHAUSEN - Aptiv PLC (NYSE: APTV), a global technology company focused on making the world safer, greener and more connected, today reported fourth quarter 2024 U.S. GAAP earnings of $1.14 per diluted share. Excluding special items, fourth quarter earnings totaled $1.75 per diluted share.

Fourth Quarter Financial Highlights Include:
•U.S. GAAP revenue of $4.9 billion, consistent with the prior year period
◦Revenue decreased 1% adjusted for currency exchange and commodity movements, compared to AWM1 of (4)%
•U.S. GAAP net income of $268 million, U.S. GAAP net income margin of 5.5%; U.S. GAAP diluted earnings per share of $1.14
◦Excluding special items, diluted earnings per share of $1.75
•U.S. GAAP operating income of $479 million, U.S. GAAP operating income margin of 9.8%
◦Adjusted Operating Income of $623 million; Adjusted Operating Income margin of 12.7%; Adjusted EBITDA of $811 million; Adjusted EBITDA margin of 16.5%
•Generated $1,060 million of cash from operations
Full Year 2024 Financial Highlights Include:
•U.S. GAAP revenue of $19.7 billion, a decrease of 2%
◦Revenue decreased 2% adjusted for currency exchange and commodity movements, compared to AWM1 of (3)%
•U.S. GAAP net income of $1,787 million, U.S. GAAP net income margin of 9.1%; U.S. GAAP diluted earnings per share of $6.96
◦Excluding special items, diluted earnings per share of $6.26
•U.S. GAAP operating income of $1,842 million, U.S. GAAP operating income margin of 9.3%
◦Adjusted Operating Income of $2,366 million; Adjusted Operating Income margin of 12.0%; Adjusted EBITDA of $3,097 million; Adjusted EBITDA margin of 15.7%
•Generated $2,446 million of cash from operations
•Funded $4.1 billion in share repurchases


1Represents global vehicle production weighted to the geographic regions in which the Company generates its revenue (“AWM”).

“Our full-year results validate our proven track record of operational excellence and the strength of Aptiv’s product portfolio,” said Kevin Clark, chairman and chief executive officer. “The company delivered record operating cash flow and strong earnings growth with 140 basis points of operating margin expansion year-over-year, reflecting continued cost discipline and solid execution. We also finished the year with record fourth quarter new business awards, resulting in our third consecutive year of $30+ billion bookings. Looking ahead, as we navigate a dynamic market environment, we will remain focused on enabling our customers as they transition to a more feature-rich, software-defined future. This year also marks a major milestone in Aptiv’s evolution, as we execute on the separation of our Electrical Distribution Systems business, which will create two independent companies better positioned to address the evolving needs of our customers and further capitalize on market opportunities. With these strategic actions and continued commercial momentum, we are confident in our ability to drive further long-term growth and deliver significant value to all of our stakeholders.”

Fourth Quarter 2024 Results
For the three months ended December 31, 2024, the Company reported U.S. GAAP revenue of $4.9 billion, consistent with the prior year period. Adjusted for currency exchange and commodity movements, revenue decreased by 1% in the fourth quarter. This reflects declines of 8% in Europe, partially offset by growth of 3% in North America, 3% in Asia, which includes 4% in China, and flat growth in South America, our smallest region.
The Company reported fourth quarter 2024 U.S. GAAP net income of $268 million, earnings of $1.14 per diluted share and net income margin of 5.5%, compared to $905 million, $3.22 per diluted share and 18.4% in the prior year period. Fourth quarter Adjusted Net Income, a non-GAAP financial measure defined below, totaled $411 million, or $1.75 per diluted share, compared to $395 million, or $1.40 per diluted share in the prior year period.
Fourth quarter U.S. GAAP operating income was $479 million, compared to $355 million in the prior year period. The Company reported fourth quarter Adjusted Operating Income, a non-GAAP financial measure defined below, of $623 million, compared to $600 million in the prior year period. Adjusted Operating Income margin was 12.7%, compared to 12.2% in the prior year period, primarily reflecting improved operating performance, including the benefits of cost reduction initiatives. Depreciation and amortization expense totaled $245 million, compared to $246 million in the prior year period.
Interest expense for the fourth quarter totaled $107 million, an increase from $71 million in the prior year period.
Tax expense in the fourth quarter of 2024 was $64 million, resulting in an effective tax rate of approximately 18%. Tax benefit in the fourth quarter of 2023 was $680 million, which primarily reflects the recognition of a deferred tax benefit of approximately $723 million as a result of transactions entered into as part of a reorganization of the Company’s corporate entity structure.
The Company generated net cash flow from operating activities of $1,060 million in fourth quarter, compared to $624 million in the prior year period.

Full Year 2024 Results
For the year ended December 31, 2024, the Company reported U.S. GAAP revenue of $19.7 billion, a decrease of 2% from the prior year. Adjusted for currency exchange and commodity movements, revenue

2

decreased by 2% in 2024. This reflects declines of 4% in Europe, 1% in North America and 9% in South America, our smallest region, partially offset by growth of 1% in Asia, which includes 2% in China.
The Company reported full year 2024 U.S. GAAP net income of $1,787 million, earnings of $6.96 per diluted share and net income margin of 9.1%, compared to $2,909 million, $10.39 per diluted share and 14.5% in the prior year. Full year 2024 Adjusted Net Income totaled $1,607 million, or $6.26 per diluted share, compared to $1,376 million, or $4.86 per diluted share, in the prior year.
Full year 2024 U.S. GAAP operating income was $1,842 million, compared to $1,559 million in the prior year. The Company reported full year Adjusted Operating Income of $2,366 million, compared to $2,127 million in the prior year. Adjusted Operating Income margin was 12.0%, compared to 10.6% in the prior year, primarily reflecting improved operating performance, including the benefits of cost reduction initiatives. Depreciation and amortization expense totaled $964 million, an increase from $912 million in the prior year.
Interest expense for full year 2024 totaled $337 million, as compared to $285 million in the prior year, which primarily reflects the impacts of debt transactions in the third quarter of 2024 in part to finance our $3.0 billion accelerated share repurchase program.
Tax expense for full year 2024 was $223 million, resulting in an effective tax rate of approximately 10%. Tax benefit for full year 2023 was $1,928 million, which primarily reflects the recognition of a deferred tax benefit of approximately $2.1 billion as a result of transactions entered into as part of a reorganization of the Company’s corporate entity structure.
The Company generated net cash flow from operating activities of $2,446 million in 2024, compared to $1,896 million in the prior year. As of December 31, 2024, the Company had cash and cash equivalents of $1.6 billion and total available liquidity of $3.6 billion.
Reconciliations of Adjusted Revenue Growth, Adjusted Operating Income, Adjusted EBITDA, Adjusted Net Income, Adjusted Net Income Per Share and Cash Flow Before Financing, which are non-GAAP measures, to the most directly comparable financial measures, respectively, calculated and presented in accordance with accounting principles generally accepted in the United States (“GAAP”) are provided in the attached supplemental schedules.

Share Repurchase Program
During 2024, the Company repurchased 44.4 million shares for approximately $3.35 billion, including shares repurchased under the terms of the Company’s Accelerated Share Repurchase Program, which will be completed by the second quarter of 2025.
As of December 31, 2024, $2.5 billion remained available for future share repurchases under the existing $5.0 billion authorization. All repurchased shares were retired.

Planned Spin-off of Electrical Distribution Systems Business
As previously announced on January 22, 2025, Aptiv intends to execute a tax-free spin-off of its Electrical Distribution Systems business into a new, independent publicly traded company, creating two highly focused public companies strategically positioned to drive incremental value for customers, shareholders and employees. The transaction is expected to be completed by March 31, 2026.
In connection with the planned spin-off of the Company’s Electrical Distribution Systems business, in the first quarter of 2025 Aptiv is realigning its business into three reportable operating segments: Electrical Distribution

3

Systems, Engineered Components Group and Advanced Safety and User Experience. The changes to Aptiv’s segment reporting will be reflected in Aptiv’s financial statements commencing with the first Quarterly Report on Form 10-Q of 2025.

Q1 and Full Year 2025 Outlook
The Company’s first quarter and full year 2025 financial guidance is as follows:
(in millions, except per share amounts)Q1 2025 (1)Full Year 2025 (1)
Net sales$4,635 - $4,835$19,600 - $20,400
U.S. GAAP net income$215 - $255$1,180 - $1,320
U.S. GAAP net income margin4.6% - 5.3%6.0% - 6.5%
U.S. GAAP operating income$360 - $410$1,855 - $2,035
U.S. GAAP operating income margin7.8% - 8.5%9.5% - 10.0%
Adjusted EBITDA$685 - $735$3,095 - $3,275
Adjusted EBITDA margin14.8% - 15.2%15.8% - 16.1%
Adjusted operating income$495 - $545$2,330 - $2,510
Adjusted operating income margin10.7% - 11.3%11.9% - 12.3%
U.S. GAAP diluted net income per share$0.90 - $1.10$5.25 - $5.85
Adjusted net income per share (2)$1.40 - $1.60$7.00 - $7.60
Cash flow from operations$2,100
Capital expenditures$880
U.S. GAAP effective tax rate~17.5%
Adjusted effective tax rate~17.5%
(1) The Company’s financial guidance does not reflect the potential impacts of recent U.S. tariffs imposed or threatened to be imposed on China, Canada and Mexico and other countries as well as any retaliatory actions that may be taken by such countries.
(2) The Company’s first quarter and full year 2025 financial guidance includes approximately $0.05 and $0.30, respectively, per diluted share for the anticipated equity losses to be recognized by Aptiv from the performance of the Motional autonomous driving joint venture.

Conference Call and Webcast
The Company will host a conference call to discuss these results at 8:00 a.m. (ET) today, which is accessible by dialing +1.800.239.9838 (US) or +1.323.794.2423 (international) or through a webcast at ir.aptiv.com. The conference ID number is 1176930. A slide presentation will accompany the prepared remarks and has been posted on the investor relations section of the Company’s website. A replay will be available two hours following the conference call.

Use of Non-GAAP Financial Information
This press release contains information about Aptiv’s financial results which are not presented in accordance with GAAP. Specifically, Adjusted Revenue Growth, Adjusted Operating Income, Adjusted EBITDA, Adjusted Net Income, Adjusted Net Income Per Share and Cash Flow Before Financing are non-GAAP financial measures. Adjusted Revenue Growth represents the year-over-year change in reported net sales relative to the comparable period, excluding the impact on net sales from currency exchange, commodity movements, acquisitions,

4

divestitures and other transactions. Adjusted Operating Income represents net income before interest expense, other income (expense), net, income tax (expense) benefit, equity income (loss), net of tax, amortization, restructuring, 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), asset impairments and other related charges, compensation expense related to acquisitions and gains (losses) on business divestitures and other transactions. Adjusted Operating Income margin is defined as Adjusted Operating Income as a percentage of net sales. Adjusted EBITDA represents net income before depreciation and amortization (including asset impairments), interest expense, income tax (expense) benefit, other income (expense), net, equity income (loss), net of tax, restructuring and other special items.
Adjusted Net Income represents net income attributable to Aptiv before amortization, restructuring and other special items, including the tax impact thereon. Adjusted Net Income Per Share represents Adjusted Net Income divided by the Weighted Average Number of Diluted Shares Outstanding for the period. Cash Flow Before Financing represents cash provided by (used in) operating activities plus cash provided by (used in) investing activities, adjusted for the purchase price of business acquisitions and other transactions, the cost of significant technology investments and net proceeds from the divestiture of discontinued operations and other significant businesses.
Management believes the non-GAAP financial measures used in this press release are useful to both management and investors in their analysis of the Company’s financial position, results of operations and liquidity. In particular, management believes Adjusted Revenue Growth, Adjusted Operating Income, Adjusted EBITDA, Adjusted Net Income, Adjusted Net Income Per Share and Cash Flow Before Financing are useful measures in assessing the Company’s ongoing financial performance that, when reconciled to the corresponding GAAP measure, provide improved comparability between periods through the exclusion of certain items that management believes are not indicative of the Company’s core operating performance and that may obscure underlying business results and trends. Management also uses these non-GAAP financial measures for internal planning and forecasting purposes.
Such non-GAAP financial measures are reconciled to the most directly comparable GAAP financial measures in the attached supplemental schedules at the end of this press release. Non-GAAP measures should not be considered in isolation or as a substitute for our reported results prepared in accordance with GAAP and, as calculated, may not be comparable to other similarly titled measures of other companies.

About Aptiv
Aptiv is a global technology company focused on making the world safer, greener and more connected. Visit aptiv.com.

Forward-Looking Statements
This press release, as well as other statements made by Aptiv PLC (the “Company”), contain forward-looking statements that reflect, when made, the Company’s current views with respect to current events, certain investments and acquisitions and financial performance. Such forward-looking statements are subject to many risks, uncertainties and factors relating to the Company’s operations and business environment, which may cause the actual results of the Company to be materially different from any future results. All statements that address future operating, financial or business performance or the Company’s strategies or expectations are forward-looking

5

statements. Factors that could cause actual results to differ materially from these forward-looking statements are discussed under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s filings with the Securities and Exchange Commission. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. It should be remembered that the price of the ordinary shares and any income from them can go down as well as up. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/or otherwise, except as may be required by law.

# # #

6

APTIV PLC
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited) 
Three Months EndedYear Ended
December 31,December 31,
 2024202320242023
 (in millions, except per share amounts)
Net sales$4,907 $4,919 $19,713 $20,051 
Operating expenses:
Cost of sales3,945 3,997 16,002 16,612 
Selling, general and administrative363 381 1,465 1,436 
Amortization52 56 211 233 
Restructuring68 130 193 211 
Total operating expenses4,428 4,564 17,871 18,492 
Operating income479 355 1,842 1,559 
Interest expense(107)(71)(337)(285)
Other income, net11 27 41 63 
Net (loss) gain on equity method transactions(36)— 605 — 
Income before income taxes and equity loss347 311 2,151 1,337 
Income tax (expense) benefit(64)680 (223)1,928 
Income before equity loss283 991 1,928 3,265 
Equity loss, net of tax(8)(72)(118)(299)
Net income275 919 1,810 2,966 
Net income attributable to noncontrolling interest6 13 24 28 
Net income (loss) attributable to redeemable noncontrolling interest1 1 (1)— 
Net income attributable to Aptiv268 905 1,787 2,938 
Mandatory convertible preferred share dividends— — — (29)
Net income attributable to ordinary shareholders$268 $905 $1,787 $2,909 
Diluted net income per share:
Diluted net income per share attributable to ordinary shareholders$1.14 $3.22 $6.96 $10.39 
Weighted average number of diluted shares outstanding235.46 281.21 256.66 282.88 


7

APTIV PLC
CONSOLIDATED BALANCE SHEETS
(Unaudited)
December 31,
2024		December 31,
2023
 (in millions)
ASSETS
Current assets:
Cash and cash equivalents$1,573 $1,640 
Restricted cash1 — 
Accounts receivable, net3,261 3,546 
Inventories2,320 2,365 
Other current assets671 696 
Total current assets7,826 8,247 
Long-term assets:
Property, net3,698 3,785 
Operating lease right-of-use assets495 540 
Investments in affiliates1,433 1,443 
Intangible assets, net2,140 2,399 
Goodwill5,024 5,151 
Other long-term assets2,842 2,862 
Total long-term assets15,632 16,180 
Total assets$23,458 $24,427 
LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND SHAREHOLDERS’ EQUITY
Current liabilities:
Short-term debt$509 $9 
Accounts payable2,870 3,151 
Accrued liabilities1,752 1,648 
Total current liabilities5,131 4,808 
Long-term liabilities:
Long-term debt7,843 6,204 
Pension benefit obligations374 417 
Long-term operating lease liabilities412 453 
Other long-term liabilities613 701 
Total long-term liabilities9,242 7,775 
Total liabilities14,373 12,583 
Commitments and contingencies
Redeemable noncontrolling interest92 99 
Total Aptiv shareholders’ equity8,796 11,548 
Noncontrolling interest197 197 
Total shareholders’ equity8,993 11,745 
Total liabilities, redeemable noncontrolling interest and shareholders’ equity$23,458 $24,427 


8

APTIV PLC
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
Year Ended December 31,
 20242023
 (in millions)
Cash flows from operating activities:
Net income$1,810 $2,966 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization964 912 
Restructuring expense, net of cash paid(45)83 
Deferred income taxes(34)(2,164)
Loss from equity method investments, net of dividends received130 304 
Loss on extinguishment of debt15 1 
Net gain on equity method transactions(605)— 
Other, net182 170 
Changes in operating assets and liabilities:
Accounts receivable, net285 (112)
Inventories45 (20)
Accounts payable(210)4 
Other, net(59)(215)
Pension contributions(32)(33)
Net cash provided by operating activities2,446 1,896 
Cash flows from investing activities:
Capital expenditures(830)(906)
Proceeds from sale of property6 4 
Proceeds from business divestitures, net of cash sold— (17)
Cost of business acquisitions and other transactions, net of cash acquired— (83)
Proceeds from sale of technology investments— — 
Cost of technology investments(121)(6)
Proceeds from the sale of equity method investment448 — 
Purchase of short-term investments(748)— 
Redemption of short-term investments740 — 
Settlement of derivatives(2)6 
Net cash used in investing activities(507)(1,002)
Cash flows from financing activities:
Increase (decrease) in other short and long-term debt, net702 (332)
Repayment of senior notes(1,440)— 
Proceeds from issuance of senior notes, net of issuance costs2,920 — 
Proceeds from bridge loan, net of issuance costs2,483 — 
Repayment of bridge loan(2,500)— 
Equity related transaction costs(3)— 
Contingent consideration payments— (10)
Dividend payments of consolidated affiliates to minority shareholders— (2)
Repurchase of ordinary shares(4,104)(398)
Distribution of mandatory convertible preferred share cash dividends— (32)
Taxes withheld and paid on employees’ restricted share awards(23)(33)
Net cash used in financing activities(1,965)(807)
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash(40)(2)
(Decrease) increase in cash, cash equivalents and restricted cash(66)85 
Cash, cash equivalents and restricted cash at beginning of the year1,640 1,555 
Cash, cash equivalents and restricted cash at end of the year$1,574 $1,640 

9

APTIV PLC
FOOTNOTES
(Unaudited)

1. Segment Summary
Three Months EndedYear Ended
December 31,December 31,
20242023%20242023%
(in millions)(in millions)
Net Sales
Signal and Power Solutions$3,541 $3,574 (1)%$13,983 $14,404 (3)%
Advanced Safety and User Experience1,381 1,356 2%5,791 5,695 2%
Eliminations and Other (a)(15)(11)(61)(48)
Net Sales$4,907 $4,919 $19,713 $20,051 
Adjusted Operating Income
Signal and Power Solutions$430 $459 (6)%$1,652 $1,676 (1)%
Advanced Safety and User Experience193 141 37%714 451 58%
Adjusted Operating Income$623 $600 $2,366 $2,127 
(a)
Eliminations and Other includes the elimination of inter-segment transactions.

2. Weighted Average Number of Diluted Shares Outstanding
The following table illustrates the weighted average shares outstanding used in calculating basic and diluted net income per share attributable to ordinary shareholders for the three months and years ended December 31, 2024 and 2023:
Three Months EndedYear Ended
December 31,December 31,
2024202320242023
 (in millions, except per share data)
Weighted average ordinary shares outstanding, basic235.04 280.95 256.38 276.92 
Dilutive shares related to RSUs0.42 0.26 0.28 0.17 
Weighted average MCPS Converted Shares— — — 5.79 
Weighted average ordinary shares outstanding, including dilutive shares
235.46 281.21 256.66 282.88 
Net income per share attributable to ordinary shareholders:
Basic$1.14 $3.22 $6.97 $10.50 
Diluted$1.14 $3.22 $6.96 $10.39 

10

APTIV PLC
RECONCILIATION OF NON-GAAP MEASURES
(Unaudited)

In this press release the Company has provided information regarding certain non-GAAP financial measures, including “Adjusted Revenue Growth,” “Adjusted Operating Income,” “Adjusted EBITDA,” “Adjusted Net Income,” “Adjusted Net Income Per Share” and “Cash Flow Before Financing.” Such non-GAAP financial measures are reconciled to their closest GAAP financial measure in the following schedules.

Adjusted Revenue Growth: Adjusted Revenue Growth is presented as a supplemental measure of the Company’s financial performance which management believes is useful to investors in assessing the Company’s ongoing financial performance that, when reconciled to the corresponding U.S. GAAP measure, provides improved comparability between periods through the exclusion of certain items that management believes are not indicative of the Company’s core operating performance and which may obscure underlying business results and trends. Our management utilizes Adjusted Revenue Growth in its financial decision making process, to evaluate performance of the Company and for internal reporting, planning and forecasting purposes. Adjusted Revenue Growth is defined as the year-over-year change in reported net sales relative to the comparable period, excluding the impact on net sales from currency exchange, commodity movements, acquisitions, divestitures and other transactions. Not all companies use identical calculations of Adjusted Revenue Growth, therefore this presentation may not be comparable to other similarly titled measures of other companies.
Three Months Ended December 31, 2024
Reported net sales % change— %
Less: foreign currency exchange and commodities1 %
Adjusted revenue growth(1)%
Year Ended December 31, 2024
Reported net sales % change(2)%
Less: foreign currency exchange and commodities— %
Adjusted revenue growth(2)%


11

Adjusted Operating Income: Adjusted Operating Income is presented as a supplemental measure of the Company’s financial performance which management believes is useful to investors in assessing the Company’s ongoing financial performance that, when reconciled to the corresponding U.S. GAAP measure, provides improved comparability between periods through the exclusion of certain items that management believes are not indicative of the Company’s core operating performance and which may obscure underlying business results and trends. Our management utilizes Adjusted Operating Income in its financial decision making process, to evaluate performance of the Company and for internal reporting, planning and forecasting purposes. Management also utilizes Adjusted Operating Income as the key performance measure of segment income or loss and for planning and forecasting purposes to allocate resources to our segments, as management also believes this measure is most reflective of the operational profitability or loss of our operating segments. Adjusted Operating Income is defined as net income before interest expense, other income (expense), net, income tax (expense) benefit, equity income (loss), net of tax, amortization, restructuring and other special items. Not all companies use identical calculations of Adjusted Operating Income, therefore this presentation may not be comparable to other similarly titled measures of other companies. Operating income margin represents Operating income as a percentage of net sales, and Adjusted Operating Income margin represents Adjusted Operating Income as a percentage of net sales.

Consolidated Adjusted Operating Income
Three Months EndedYear Ended
December 31,December 31,
2024202320242023
($ in millions)
$Margin$Margin$Margin$Margin
Net income attributable to ordinary shareholders$268 5.5 %$905 18.4 %$1,787 9.1 %$2,909 14.5 %
Mandatory convertible preferred share dividends— — — 29 
Net income attributable to Aptiv$268 5.5 %$905 18.4 %$1,787 9.1 %$2,938 14.7 %
Interest expense
107 71 337 285 
Other income, net(11)(27)(41)(63)
Net loss (gain) on equity method transactions36 — (605)— 
Income tax expense (benefit) 64 (680)223 (1,928)
Equity loss, net of tax8 72 118 299 
Net income attributable to noncontrolling interest6 13 24 28 
Net income (loss) attributable to redeemable noncontrolling interest1 1 (1)— 
Operating income$479 9.8 %$355 7.2 %$1,842 9.3 %$1,559 7.8 %
Amortization52 56 211 233 
Restructuring
68 130 193 211 
Other acquisition and portfolio project costs
14 35 80 80 
Asset impairments
5 18 22 18 
Compensation expense related to acquisitions5 6 18 26 
Adjusted operating income$623 12.7 %$600 12.2 %$2,366 12.0 %$2,127 10.6 %

12

Segment Adjusted Operating Income
(in millions)
Three Months Ended December 31, 2024Signal and Power SolutionsAdvanced Safety and User ExperienceTotal
Operating income$337 $142 $479 
Amortization29 23 52 
Restructuring51 17 68 
Other acquisition and portfolio project costs8 6 14 
Asset impairments5 — 5 
Compensation expense related to acquisitions— 5 5 
Adjusted operating income$430 $193 $623 
Depreciation and amortization (a)$171 $74 $245 
Three Months Ended December 31, 2023Signal and Power SolutionsAdvanced Safety and User ExperienceTotal
Operating income$325 $30 $355 
Amortization33 23 56 
Restructuring60 70 130 
Other acquisition and portfolio project costs26 9 35 
Asset impairments15 3 18 
Compensation expense related to acquisitions— 6 6 
Adjusted operating income$459 $141 $600 
Depreciation and amortization (a)$174 $72 $246 
Year Ended December 31, 2024Signal and Power SolutionsAdvanced Safety and User ExperienceTotal
Operating income$1,329 $513 $1,842 
Amortization122 89 211 
Restructuring140 53 193 
Other acquisition and portfolio project costs53 27 80 
Asset impairments8 14 22 
Compensation expense related to acquisitions— 18 18 
Adjusted operating income$1,652 $714 $2,366 
Depreciation and amortization (a)$664 $300 $964 
Year Ended December 31, 2023Signal and Power SolutionsAdvanced Safety and User ExperienceTotal
Operating income$1,379 $180 $1,559 
Amortization140 93 233 
Restructuring82 129 211 
Other acquisition and portfolio project costs60 20 80 
Asset impairments15 3 18 
Compensation expense related to acquisitions— 26 26 
Adjusted operating income$1,676 $451 $2,127 
Depreciation and amortization (a)$638 $274 $912 
(a)
Includes asset impairments.

13

Adjusted EBITDA: Adjusted EBITDA is presented as a supplemental measure of the Company’s financial performance which management believes is useful to investors in assessing the Company’s ongoing financial performance that, when reconciled to the corresponding U.S. GAAP measure, provides improved comparability between periods through the exclusion of certain items that management believes are not indicative of the Company’s core operating performance and which may obscure underlying business results and trends. Our management utilizes Adjusted EBITDA in its financial decision making process, to evaluate performance of the Company and for internal reporting, planning and forecasting purposes. Adjusted EBITDA is defined as net income before depreciation and amortization (including asset impairments), interest expense, income tax (expense) benefit, other income (expense), net, equity income (loss), net of tax, restructuring and other special items. Not all companies use identical calculations of Adjusted EBITDA, therefore this presentation may not be comparable to other similarly titled measures of other companies.

Three Months EndedYear Ended
December 31,December 31,
2024202320242023
(in millions)
Net income attributable to ordinary shareholders$268 $905 $1,787 $2,909 
Mandatory convertible preferred share dividends— — — 29 
Net income attributable to Aptiv$268 $905 $1,787 $2,938 
Interest expense
107 71 337 285 
Income tax expense (benefit) 64 (680)223 (1,928)
Net income attributable to noncontrolling interest6 13 24 28 
Net income (loss) attributable to redeemable noncontrolling interest1 1 (1)— 
Depreciation and amortization
245 246 964 912 
EBITDA$691 $556 $3,334 $2,235 
Other income, net(11)(27)(41)(63)
Net loss (gain) on equity method transactions36 — (605)— 
Equity loss, net of tax8 72 118 299 
Restructuring
68 130 193 211 
Other acquisition and portfolio project costs
14 35 80 80 
Compensation expense related to acquisitions5 6 18 26 
Adjusted EBITDA$811 $772 $3,097 $2,788 

14

Adjusted Net Income and Adjusted Net Income Per Share: Adjusted Net Income and Adjusted Net Income Per Share, which are non-GAAP measures, are presented as supplemental measures of the Company’s financial performance which management believes are useful to investors in assessing the Company’s ongoing financial performance that, when reconciled to the corresponding U.S. GAAP measure, provide improved comparability between periods through the exclusion of certain items that management believes are not indicative of the Company’s core operating performance and which may obscure underlying business results and trends. Management utilizes Adjusted Net Income and Adjusted Net Income Per Share in its financial decision making process, to evaluate performance of the Company and for internal reporting, planning and forecasting purposes. Adjusted Net Income is defined as net income attributable to Aptiv before amortization, restructuring and other special items, including the tax impact thereon. Adjusted Net Income Per Share is defined as Adjusted Net Income divided by the Weighted Average Number of Diluted Shares Outstanding, for the period. Not all companies use identical calculations of Adjusted Net Income and Adjusted Net Income Per Share, therefore this presentation may not be comparable to other similarly titled measures of other companies.
Three Months EndedYear Ended
December 31,December 31,
2024202320242023
(in millions, except per share amounts)
Net income attributable to ordinary shareholders$268 $905 $1,787 $2,909 
Mandatory convertible preferred share dividends (a)— — — 29 
Net income attributable to Aptiv$268 $905 $1,787 $2,938 
Adjusting items:
Amortization52 56 211 233 
Restructuring68 130 193 211 
Other acquisition and portfolio project costs14 35 80 80 
Asset impairments5 18 22 18 
Compensation expense related to acquisitions5 6 18 26 
Debt extinguishment costs3 1 15 1 
Costs associated with acquisitions and other transactions— — — 4 
Impairment of equity investments without readily determinable fair value— — — 18 
Loss on change in fair value of publicly traded equity securities— — 3 6 
Net loss (gain) on equity method transactions36 — (605)— 
Tax impact of intercompany transfers of intellectual property and other related transactions (b)— (723)— (2,082)
Tax impact of adjusting items (c)(40)(33)(117)(77)
Adjusted net income attributable to Aptiv$411 $395 $1,607 $1,376 
Weighted average number of diluted shares outstanding (a)235.46 281.21 256.66 282.88 
Diluted net income per share attributable to ordinary shareholders$1.14 $3.22 $6.96 $10.39 
Adjusted net income per share$1.75 $1.40 $6.26 $4.86 
(a)
On June 15, 2023, each outstanding share of the Company’s 5.50% Mandatory Convertible Preferred Shares (the “MCPS”) converted into 1.0754 ordinary shares of the Company. For purposes of calculating Adjusted Net Income Per Share, the Company has excluded the impact of the MCPS dividends for the year ended December 31, 2023 and assumed the “if converted” method of share dilution as the assumed conversion of the MCPS into ordinary shares on a weighted average basis was more dilutive to net income per share than the impact of the MCPS dividends (method already applied for U.S. GAAP purposes of calculating the weighted average number of diluted shares outstanding).
(b)In response to the OECD’s Pillar Two Directive, the Company initiated changes to its corporate entity structure, including intercompany transfers of certain intellectual property to one of its subsidiaries in Switzerland during the second half of 2023. Furthermore, during the third quarter, the Company’s Swiss subsidiary was granted a ten year tax incentive, beginning in 2024. The measurement of certain deferred tax assets and associated income tax benefits resulting from these transactions was impacted by tax legislation in Switzerland enacted in the fourth quarter of 2023, which increased the statutory income tax rate, resulting in additional deferred tax benefit impacts, net of valuation allowances. These adjustments represent the total income tax benefits recorded as a result of these transactions during the three months and year ended December 31, 2023.
(c)Represents the income tax impacts of the adjustments made for amortization, restructuring and other special items by calculating the income tax impact of these items using the appropriate tax rate for the jurisdiction where the charges were incurred.


15

Cash Flow Before Financing: Cash Flow Before Financing is presented as a supplemental measure of the Company’s liquidity which is consistent with the basis and manner in which management presents financial information for the purpose of making internal operating decisions, evaluating its liquidity and determining appropriate capital allocation strategies. Management believes this measure is useful to investors to understand how the Company’s core operating activities generate and use cash. Cash Flow Before Financing is defined as cash provided by (used in) operating activities plus cash provided by (used in) investing activities, adjusted for the purchase price of business acquisitions and other transactions, the cost of significant technology investments and net proceeds from the divestiture of discontinued operations and other significant businesses. Not all companies use identical calculations of Cash Flow Before Financing, therefore this presentation may not be comparable to other similarly titled measures of other companies. The calculation of Cash Flow Before Financing does not reflect cash used to service debt, pay dividends or repurchase shares and, therefore, does not necessarily reflect funds available for investment or other discretionary uses.
Three Months EndedYear Ended
December 31,December 31,
2024202320242023
(in millions)
Cash flows from operating activities:
Net income$275 $919 $1,810 $2,966 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization245 246 964 912 
Restructuring expense, net of cash paid20 79 (45)83 
Working capital451 173 120 (128)
Pension contributions(11)(13)(32)(33)
Increase in deferred income tax assets from intercompany transfers of intellectual property and other related transactions— (723)— (2,082)
Net loss (gain) on equity method transactions36 — (605)— 
Other, net44 (57)234 178 
Net cash provided by operating activities1,060 624 2,446 1,896 
Cash flows from investing activities:
Capital expenditures(166)(203)(830)(906)
Proceeds from business divestitures, net of cash sold— — — (17)
Cost of business acquisitions and other transactions, net of cash acquired— — — (83)
Cost of technology investments— (5)(121)(6)
Proceeds from sale of equity method investments— 448 
Purchase of short-term investments— — (748)— 
Redemption of short-term investments740 — 740 — 
Settlement of derivatives— — (2)6 
Other, net3 1 6 4 
Net cash provided by (used in) investing activities577 (207)(507)(1,002)
Adjusting items:
Adjustment for the cost of business acquisitions and other transactions, net— — — 83 
Adjustment for cost of significant technology investments— 4 121 4 
Adjustment for proceeds from sale of equity method investment— — (448)— 
Cash flow before financing$1,637 $421 $1,612 $981 


16

Financial Guidance: The reconciliation of the forward-looking non-GAAP financial measures provided in the Company’s financial guidance to the most comparable forward-looking GAAP measure is as follows:
Estimated Q1Estimated Full Year
2025 (a)2025 (a)
($ in millions)
Adjusted Operating Income$Margin (b)$Margin (b)
Net income attributable to Aptiv$235 5.0 %$1,250 6.3 %
Interest expense95 365 
Other income, net(5)(20)
Income tax expense50 280 
Equity loss, net of tax10 50 
Net income attributable to noncontrolling interest (c)— 20 
Operating income$385 8.1 %$1,945 9.7 %
Amortization50 210 
Restructuring60 175 
Other acquisition and portfolio project costs20 70 
Compensation expense related to acquisitions5 20 
Adjusted operating income$520 11.0 %$2,420 12.1 %
Adjusted EBITDA
Net income attributable to Aptiv$235 5.0 %$1,250 6.3 %
Interest expense95 365 
Income tax expense50 280 
Net income attributable to noncontrolling interest (c)— 20 
Depreciation and amortization
240 975 
EBITDA$620 13.1 %$2,890 14.5 %
Other income, net(5)(20)
Equity loss, net of tax10 50 
Restructuring
60 175 
Other acquisition and portfolio project costs
20 70 
Compensation expense related to acquisitions5 20 
Adjusted EBITDA$710 15.0 %$3,185 15.9 %

(a)
Prepared at the estimated mid-point of the Company’s financial guidance range.
(b)Represents net income attributable to Aptiv, operating income, Adjusted Operating Income, EBITDA and Adjusted EBITDA, respectively, as a percentage of estimated net sales.
(c)
Includes portion attributable to redeemable noncontrolling interest.

17

Estimated Q1Estimated Full Year
2025 (a)2025 (a)
Adjusted Net Income Per Share($ and shares in millions, except per share amounts)
Net income attributable to Aptiv$235 $1,250 
Adjusting items:
Amortization50 210 
Restructuring60 175 
Other acquisition and portfolio project costs20 70 
Compensation expense related to acquisitions5 20 
Tax impact of adjusting items(25)(85)
Adjusted net income attributable to Aptiv$345 $1,640 
Weighted average number of diluted shares outstanding233.00 225.00 
Diluted net income per share attributable to ordinary shareholders$1.00 $5.55 
Adjusted net income per share$1.50 $7.30 

(a)
Prepared at the estimated mid-point of the Company’s financial guidance range.




Investor Contact:
Jane Wu
+1.617.603.7941
jane.wu@aptiv.com


18
Exhibit 99.2
RECAST OF OPERATING SEGMENTS
(Unaudited)
Beginning in the first quarter of 2025, Aptiv PLC (“Aptiv” or “the Company”) is realigning its business into three reportable operating segments: Electrical Distribution Systems, Engineered Components Group and Advanced Safety and User Experience.
To assist investors who may want to consider the effects of these segment reporting changes on Aptiv’s historical results, unaudited recast segment financial information for each quarter of fiscal years 2023 and 2024 and for the fiscal years ended December 31, 2023 and 2024 are shown below. The changes to Aptiv’s segment reporting will be reflected in Aptiv’s financial statements commencing with the first Quarterly Report of 2025 on Form 10-Q.

Year Ended December 31, 2024
First QuarterSecond QuarterThird QuarterFourth QuarterTotal
(in millions)
Net Sales
Electrical Distribution Systems$2,081 $2,065 $2,035 $2,128 $8,309 
Engineered Components Group1,596 1,626 1,582 1,580 6,384 
Advanced Safety and User Experience1,429 1,554 1,427 1,381 5,791 
Eliminations and Other (a)(205)(194)(190)(182)(771)
Net Sales$4,901 $5,051 $4,854 $4,907 $19,713 
Adjusted Operating Income
Electrical Distribution Systems$136 $138 $125 $180 $579 
Engineered Components Group253 298 272 250 1,073 
Advanced Safety and User Experience155 170 196 193 714 
Adjusted Operating Income$544 $606 $593 $623 $2,366 

Year Ended December 31, 2023
First QuarterSecond QuarterThird QuarterFourth QuarterTotal
(in millions)
Net Sales
Electrical Distribution Systems$2,111 $2,278 $2,259 $2,184 $8,832 
Engineered Components Group1,559 1,622 1,652 1,582 6,415
Advanced Safety and User Experience1,366 1,532 1,441 1,356 5,695
Eliminations and Other (a)(218)(232)(238)(203)(891)
Net Sales$4,818 $5,200 $5,114 $4,919 $20,051 
Adjusted Operating Income
Electrical Distribution Systems$141 $152 $173 $201 $667 
Engineered Components Group233 240 278 258 1,009
Advanced Safety and User Experience63 138 109 141 451
Adjusted Operating Income$437 $530 $560 $600 $2,127 
(a)
Eliminations and Other includes the elimination of inter-segment transactions.




1


RECONCILIATION OF NON-GAAP MEASURES
(Unaudited)

Adjusted Operating Income represents a non-GAAP financial measure, which is reconciled to its closest GAAP financial measure in the following schedules.

Consolidated Adjusted Operating Income
Year Ended December 31, 2024
First QuarterSecond QuarterThird QuarterFourth QuarterTotal
($ in millions)
Net income attributable to Aptiv$218 $938 $363 $268 $1,787 
Interest expense65 64 101 107 337 
Other income, net(15)(10)(5)(11)(41)
Net (gain) loss on equity method transactions— (641)— 36 (605)
Income tax expense76 51 32 64 223 
Equity loss, net of tax69 34 7 8 118 
Net income attributable to noncontrolling interest6 5 7 6 24 
Net (loss) income attributable to redeemable noncontrolling interest— — (2)1 (1)
Operating income$419 $441 $503 $479 $1,842 
Amortization54 52 53 52 211 
Restructuring39 70 16 68 193 
Other acquisition and portfolio project costs28 25 13 14 80 
Asset impairments— 14 3 5 22 
Compensation expense related to acquisitions4 4 5 5 18 
Adjusted operating income$544 $606 $593 $623 $2,366 


Year Ended December 31, 2023
First QuarterSecond QuarterThird QuarterFourth QuarterTotal
($ in millions)
Net income attributable to Aptiv$162 $242 $1,629 $905 $2,938 
Interest expense67 72 75 71 285 
Other expense (income), net1 (11)(26)(27)(63)
Income tax expense (benefit)34 30 (1,312)(680)(1,928)
Equity loss, net of tax82 73 72 72 299 
Net income attributable to noncontrolling interest3 4 8 13 28 
Net (loss) income attributable to redeemable noncontrolling interest(1)— — 1 — 
Operating income$348 $410 $446 $355 $1,559 
Amortization59 59 59 56 233 
Restructuring11 42 28 130 211 
Other acquisition and portfolio project costs14 11 20 35 80 
Asset impairments— — — 18 18 
Compensation expense related to acquisitions5 8 7 6 26 
Adjusted operating income$437 $530 $560 $600 $2,127 


2


Segment Adjusted Operating Income
(in millions)
Three Months Ended March 31, 2024Electrical Distribution SystemsEngineered Components GroupAdvanced Safety and User ExperienceTotal
Operating income$109 $208 $102 $419 
Amortization1 30 23 54 
Restructuring15 7 17 39 
Other acquisition and portfolio project costs11 8 9 28 
Compensation expense related to acquisitions— — 4 4 
Adjusted operating income$136 $253 $155 $544 
Depreciation and amortization (a)$58 $103 $69 $230 
Three Months Ended June 30, 2024Electrical Distribution SystemsEngineered Components GroupAdvanced Safety and User ExperienceTotal
Operating income$94 $240 $107 $441 
Amortization— 31 21 52 
Restructuring35 19 16 70 
Other acquisition and portfolio project costs9 8 8 25 
Asset impairments— — 14 14 
Compensation expense related to acquisitions— — 4 4 
Adjusted operating income$138 $298 $170 $606 
Depreciation and amortization (a)$56 $106 $86 $248 
Three Months Ended September 30, 2024Electrical Distribution SystemsEngineered Components GroupAdvanced Safety and User ExperienceTotal
Operating income$110 $231 $162 $503 
Amortization— 31 22 53 
Restructuring10 3 3 16 
Other acquisition and portfolio project costs5 4 4 13 
Asset impairments— 3 — 3 
Compensation expense related to acquisitions— — 5 5 
Adjusted operating income$125 $272 $196 $593 
Depreciation and amortization (a)$59 $111 $71 $241 
Three Months Ended December 31, 2024Electrical Distribution SystemsEngineered Components GroupAdvanced Safety and User ExperienceTotal
Operating income$133 $204 $142 $479 
Amortization1 28 23 52 
Restructuring41 10 17 68 
Other acquisition and portfolio project costs5 3 6 14 
Asset impairments— 5 — 5 
Compensation expense related to acquisitions— — 5 5 
Adjusted operating income$180 $250 $193 $623 
Depreciation and amortization (a)$62 $109 $74 $245 
(a)
Includes asset impairments.

3


Segment Adjusted Operating Income
(in millions)
Three Months Ended March 31, 2023Electrical Distribution SystemsEngineered Components GroupAdvanced Safety and User ExperienceTotal
Operating income$131 $188 $29 $348 
Amortization4 32 23 59 
Restructuring3 4 4 11 
Other acquisition and portfolio project costs3 9 2 14 
Compensation expense related to acquisitions— — 5 5 
Adjusted operating income$141 $233 $63 $437 
Depreciation and amortization (a)$48 $101 $67 $216 
Three Months Ended June 30, 2023Electrical Distribution SystemsEngineered Components GroupAdvanced Safety and User ExperienceTotal
Operating income$143 $197 $70 $410 
Amortization4 32 23 59 
Restructuring— 8 34 42 
Other acquisition and portfolio project costs5 3 3 11 
Compensation expense related to acquisitions— — 8 8 
Adjusted operating income$152 $240 $138 $530 
Depreciation and amortization (a)$50 $105 $69 $224 
Three Months Ended September 30, 2023Electrical Distribution SystemsEngineered Components GroupAdvanced Safety and User ExperienceTotal
Operating income$160 $235 $51 $446 
Amortization3 32 24 59 
Restructuring2 5 21 28 
Other acquisition and portfolio project costs8 6 6 20 
Compensation expense related to acquisitions— — 7 7 
Adjusted operating income$173 $278 $109 $560 
Depreciation and amortization (a)$53 $107 $66 $226 
Three Months Ended December 31, 2023Electrical Distribution SystemsEngineered Components GroupAdvanced Safety and User ExperienceTotal
Operating income$130 $195 $30 $355 
Amortization1 32 23 56 
Restructuring43 17 70 130 
Other acquisition and portfolio project costs14 12 9 35 
Asset impairments13 2 3 18 
Compensation expense related to acquisitions— — 6 6 
Adjusted operating income$201 $258 $141 $600 
Depreciation and amortization (a)$27 $147 $72 $246 
(a)
Includes asset impairments.

4


Segment Adjusted Operating Income
(in millions)
Year Ended December 31, 2024Electrical Distribution SystemsEngineered Components GroupAdvanced Safety and User ExperienceTotal
Operating income$446 $883 $513 $1,842 
Amortization2 120 89 211 
Restructuring101 39 53 193 
Other acquisition and portfolio project costs30 23 27 80 
Asset impairments— 8 14 22 
Compensation expense related to acquisitions— — 18 18 
Adjusted operating income$579 $1,073 $714 $2,366 
Depreciation and amortization (a)$235 $429 $300 $964 
Year Ended December 31, 2023Electrical Distribution SystemsEngineered Components GroupAdvanced Safety and User ExperienceTotal
Operating income$564 $815 $180 $1,559 
Amortization12 128 93 233 
Restructuring48 34 129 211 
Other acquisition and portfolio project costs30 30 20 80 
Asset impairments13 2 3 18 
Compensation expense related to acquisitions— — 26 26 
Adjusted operating income$667 $1,009 $451 $2,127 
Depreciation and amortization (a)$178 $460 $274 $912 
(a)
Includes asset impairments.















5

v3.25.0.1
Document and Entity Information
Feb. 06, 2025
Document Information [Line Items]  
Title of 12(b) Security Ordinary Shares. $0.01 par value per share
Trading Symbol APTV
Security Exchange Name NYSE
Entity Address, Postal Zip Code 8200
City Area Code 52
Country Region 41
Document Type 8-K
Document Period End Date Feb. 06, 2025
Entity Registrant Name Aptiv PLC
Entity Central Index Key 0001521332
Amendment Flag false
Entity Incorporation, State or Country Code Y9
Entity File Number 001-35346
Entity Tax Identification Number 98-1824200
Entity Address, Address Line One Spitalstrasse 5
Entity Address, City or Town Schaffhausen
Entity Address, Postal Zip Code 8200
Entity Address, Country CH
City Area Code 52
Country Region 41
Local Phone Number 580 96 00
Entity Information, Former Legal or Registered Name N/A
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Ordinary Shares. $0.01 par value per share
Trading Symbol APTV
Security Exchange Name NYSE
Entity Emerging Growth Company false
Euro-denominated Senior Notes, 1.600% Due 2028 [Member]  
Document Information [Line Items]  
Title of 12(b) Security 1.600% Senior Notes due 2028
Trading Symbol APTV
Security Exchange Name NYSE
Title of 12(b) Security 1.600% Senior Notes due 2028
Trading Symbol APTV
Security Exchange Name NYSE
Senior Notes, 4.35% Due 2029 [Member]  
Document Information [Line Items]  
Title of 12(b) Security 4.350% Senior Notes due 2029
Trading Symbol APTV
Security Exchange Name NYSE
Title of 12(b) Security 4.350% Senior Notes due 2029
Trading Symbol APTV
Security Exchange Name NYSE
Senior Notes, 4.400% Due 2046 [Member]  
Document Information [Line Items]  
Title of 12(b) Security 4.400% Senior Notes due 2046
Trading Symbol APTV
Security Exchange Name NYSE
Title of 12(b) Security 4.400% Senior Notes due 2046
Trading Symbol APTV
Security Exchange Name NYSE
Senior Notes, 5.40% Due 2049 [Member]  
Document Information [Line Items]  
Title of 12(b) Security 5.400% Senior Notes due 2049
Trading Symbol APTV
Security Exchange Name NYSE
Title of 12(b) Security 5.400% Senior Notes due 2049
Trading Symbol APTV
Security Exchange Name NYSE
Senior Notes, 3.10% Due 2051  
Document Information [Line Items]  
Title of 12(b) Security 3.100% Senior Notes due 2051
Trading Symbol APTV
Security Exchange Name NYSE
Title of 12(b) Security 3.100% Senior Notes due 2051
Trading Symbol APTV
Security Exchange Name NYSE
Senior Notes, 3.250% due 2032  
Document Information [Line Items]  
Title of 12(b) Security 3.250% Senior Notes due 2032
Trading Symbol APTV
Security Exchange Name NYSE
Title of 12(b) Security 3.250% Senior Notes due 2032
Trading Symbol APTV
Security Exchange Name NYSE
Senior Notes, 4.150% due 2052  
Document Information [Line Items]  
Title of 12(b) Security 4.150% Senior Notes due 2052
Trading Symbol APTV
Security Exchange Name NYSE
Title of 12(b) Security 4.150% Senior Notes due 2052
Trading Symbol APTV
Security Exchange Name NYSE
Senior Notes, 4.650% Due 2029  
Document Information [Line Items]  
Title of 12(b) Security 4.650% Senior Notes due 2029
Trading Symbol APTV
Security Exchange Name NYSE
Title of 12(b) Security 4.650% Senior Notes due 2029
Trading Symbol APTV
Security Exchange Name NYSE
Senior Notes, 5.150% Due 2034  
Document Information [Line Items]  
Title of 12(b) Security 5.150% Senior Notes due 2034
Trading Symbol APTV
Security Exchange Name NYSE
Title of 12(b) Security 5.150% Senior Notes due 2034
Trading Symbol APTV
Security Exchange Name NYSE
Senior Notes, 5.750% Due 2054  
Document Information [Line Items]  
Title of 12(b) Security 5.750% Senior Notes due 2054
Trading Symbol APTV
Security Exchange Name NYSE
Title of 12(b) Security 5.750% Senior Notes due 2054
Trading Symbol APTV
Security Exchange Name NYSE
Fixed-to-Fixed Reset Rate Junior Notes, 6.875% due 2054  
Document Information [Line Items]  
Title of 12(b) Security 6.875% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2054
Trading Symbol APTV
Security Exchange Name NYSE
Title of 12(b) Security 6.875% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2054
Trading Symbol APTV
Security Exchange Name NYSE
Euro-denominated Senior Notes, 4.250% Due 2036  
Document Information [Line Items]  
Title of 12(b) Security 4.250% Senior Notes due 2036
Trading Symbol APTV
Security Exchange Name NYSE
Title of 12(b) Security 4.250% Senior Notes due 2036
Trading Symbol APTV
Security Exchange Name NYSE
Grafico Azioni Aptiv (NYSE:APTV)
Storico
Da Gen 2025 a Feb 2025 Clicca qui per i Grafici di Aptiv
Grafico Azioni Aptiv (NYSE:APTV)
Storico
Da Feb 2024 a Feb 2025 Clicca qui per i Grafici di Aptiv