INVESTMENTS IN AFFILIATES

As part of Aptiv's continuing operations, it has investments in five non-consolidated affiliates accounted for under the equity method of accounting. These affiliates are not publicly traded companies and are located primarily in Asia Pacific and North America. Aptiv’s ownership percentages vary generally from approximately 20% to 50%, with the most significant investment in Promotora de Partes Electricas Automotrices, S.A. de C.V. (of which Aptiv owns approximately 40%). The aggregate investment in non-consolidated affiliates was $91 million and $67 million at December 31, 2017 and 2016, respectively. Dividends of $15 million, $17 million and $17 million for the years ended December 31, 2017, 2016 and 2015, respectively, have been received from non-consolidated affiliates. No impairment charges were recorded for the years ended December 31, 2017, 2016 and 2015.

The following is a summary of the combined financial information of significant affiliates accounted for under the equity method for continuing operations as of December 31, 2017 and 2016 and for the years ended December 31, 2017, 2016 and 2015 (unaudited):



	December 31,
	2017		2016
	(in millions)
Current assets	$	222	$	195
Non-current assets	108		96
Total assets	$	330	$	291
Current liabilities	$	114	$	124
Non-current liabilities	4		4
Shareholders’ equity	212		163
Total liabilities and shareholders’ equity	$	330	$	291



	Year Ended December 31,
	2017		2016		2015
	(in millions)
Net sales	$	570	$	521	$	440
Gross profit	111		105		84
Net income	66		77		39

A summary of transactions with affiliates is shown below:



	Year Ended December 31,
	2017		2016		2015
	(in millions)
Sales to affiliates	$	8	$	14	$	25
Purchases from affiliates	19		23		44

Technology Investments

The Company has made technology investments in certain non-consolidated affiliates for ownership interests of less than 20%, which are accounted for under the cost method.

During the third quarter of 2017, the Company's Advanced Safety and User Experience segment made investments in two leading developers of Light Detection and Ranging (“LIDAR”) technology, a $15 million investment in Innoviz Technologies and a $10 million investment in LeddarTech, Inc.

During the second quarter of 2017, the Company's Signal and Power Solutions segment made a $10 million investment in Valens Semiconductor Ltd., a leading provider of signal processing technology for high frequency data transmission of connected car content. During the first quarter of 2017, the Company's Advanced Safety and User Experience segment made a $15 million investment in Otonomo Technologies Ltd., the developer of a connected car data marketplace.

As of December 31, 2017, the Company had the following technology investments, which are classified within other long-term assets in the consolidated balance sheet:



Investment Name	Segment	Investment Date	Investment (in millions)
Innoviz Technologies	Advanced Safety and User Experience	Q3 2017	$	15
LeddarTech, Inc.	Advanced Safety and User Experience	Q3 2017	10
Valens Semiconductor Ltd.	Signal and Power Solutions	Q2 2017	10
Otonomo Technologies Ltd.	Advanced Safety and User Experience	Q1 2017	15
Quanergy Systems, Inc	Advanced Safety and User Experience	Q2 2015; Q1 2016	6
			$	56