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Pension Benefits (Tables)
12 Months Ended
Dec. 31, 2017
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Accumulated and Projected Benefit Obligations
The projected benefit obligation (“PBO”), accumulated benefit obligation (“ABO”), and fair value of plan assets for pension plans with accumulated benefit obligations in excess of plan assets and with plan assets in excess of accumulated benefit obligations are as follows:
 
U.S. Plans
 
Non-U.S. Plans
 
2017
 
2016
 
2017
 
2016
 
(in millions)
Plans with ABO in Excess of Plan Assets
PBO
$
29

 
$
40

 
$
743

 
$
2,030

ABO
29

 
40

 
701

 
1,805

Fair value of plan assets at end of year
—

 
—

 
282

 
1,100

 
Plans with Plan Assets in Excess of ABO
PBO
$
—

 
$
—

 
$
92

 
$
107

ABO
—

 
—

 
64

 
74

Fair value of plan assets at end of year
—

 
—

 
95

 
112

 
Total
PBO
$
29

 
$
40

 
$
835

 
$
2,137

ABO
29

 
40

 
765

 
1,879

Fair value of plan assets at end of year
—

 
—

 
377

 
1,212

Schedule of Assumptions Used
Assumptions used to determine benefit obligations at December 31:
 
Pension Benefits
 
U.S. Plans
 
Non-U.S. Plans
 
2017
 
2016
 
2017
 
2016
Weighted-average discount rate
2.70
%
 
2.70
%
 
3.39
%
 
2.83
%
Weighted-average rate of increase in compensation levels
N/A

 
N/A

 
3.65
%
 
3.86
%
Assumptions used to determine net expense for years ended December 31:
 
Pension Benefits
 
U.S. Plans
 
Non-U.S. Plans
 
2017
 
2016
 
2015
 
2017
 
2016
 
2015
Weighted-average discount rate
2.70
%
 
2.70
%
 
2.50
%
 
2.83
%
 
3.81
%
 
3.67
%
Weighted-average rate of increase in compensation levels
N/A

 
N/A

 
N/A

 
3.86
%
 
3.67
%
 
3.65
%
Weighted-average expected long-term rate of return on plan assets
N/A

 
N/A

 
N/A

 
5.84
%
 
5.84
%
 
6.34
%
Schedule of Change in Assumptions Used
’s pension expense for 2018 is determined at the 2017 year end measurement date. For purposes of analysis, the following table highlights the sensitivity of the Company’ pension obligations and expense attributable to continuing operations to changes in key assumptions:
Change in Assumption
 
Impact on
Pension Expense
 
Impact on PBO
25 basis point (“bp”) decrease in discount rate
 
+ $2 million
 
+ $29 million
25 bp increase in discount rate
 
- $2 million
 
- $27 million
25 bp decrease in long-term expected return on assets
 
+ $1 million
 
—
25 bp increase in long-term expected return on assets
 
- $1 million
 
—
Schedule of Expected Benefit Payments
The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid:
 
Projected Pension Benefit Payments
 
U.S. Plans
 
Non-U.S. Plans
 
(in millions)
2018
$
10

 
$
52

2019
8

 
33

2020
4

 
35

2021
3

 
38

2022
1

 
39

2023 – 2027
3

 
242

Schedule of Allocation of Plan Assets
The fair values of Aptiv’s pension plan assets weighted-average asset allocations at December 31, 2017 and 2016, by asset category, are as follows:
 
 
Fair Value Measurements at December 31, 2017
Asset Category
 
Total
 
Quoted Prices in Active Markets for Identical Assets (Level 1)
 
Significant Observable Inputs (Level 2)
 
Significant Unobservable Inputs (Level 3)
 
 
(in millions)
Cash
 
$
17

 
$
17

 
$
—

 
$
—

Time deposits
 
4

 
—

 
4

 
—

Equity mutual funds
 
114

 
—

 
114

 
—

Bond mutual funds
 
94

 
—

 
94

 
—

Real estate trust funds
 
13

 
—

 
—

 
13

Hedge funds
 
27

 
—

 
—

 
27

Insurance contracts
 
6

 
—

 
—

 
6

Debt securities
 
51

 
51

 
—

 
—

Equity securities
 
51

 
51

 
—

 
—

Total
 
$
377

 
$
119

 
$
212

 
$
46

 
 
Fair Value Measurements at December 31, 2016
Asset Category
 
Total
 
Quoted Prices in Active Markets for Identical Assets (Level 1)
 
Significant Observable Inputs (Level 2)
 
Significant Unobservable Inputs (Level 3)
 
 
(in millions)
Cash
 
$
61

 
$
61

 
$
—

 
$
—

Time deposits
 
10

 
—

 
10

 
—

Equity mutual funds
 
423

 
—

 
423

 
—

Bond mutual funds
 
469

 
—

 
469

 
—

Real estate trust funds
 
29

 
—

 
—

 
29

Hedge funds
 
107

 
—

 
—

 
107

Insurance contracts
 
5

 
—

 
—

 
5

Debt securities
 
51

 
51

 
—

 
—

Equity securities
 
57

 
57

 
—

 
—

Total
 
$
1,212

 
$
169

 
$
902

 
$
141

Schedule of Level Three Defined Benefit Plan Assets Roll Forward
 
Fair Value Measurements Using Significant
Unobservable Inputs (Level 3)
 
Real Estate Trust Fund
 
Hedge Funds
 
Insurance Contracts
 
(in millions)
Beginning balance at January 1, 2016
$
39

 
$
102

 
$
1

Actual return on plan assets:
 
 
 
 
 
Relating to assets still held at the reporting date
4

 
22

 
—

Purchases, sales and settlements
(10
)
 
—

 
4

Foreign currency translation and other
(4
)
 
(17
)
 
—

Ending balance at December 31, 2016
$
29

 
$
107

 
$
5

Actual return on plan assets:
 
 
 
 
 
Relating to assets still held at the reporting date
$
1

 
$
2

 
$
1

Purchases, sales and settlements
6

 
—

 
—

Spin-off of Delphi Technologies
(23
)
 
(84
)
 
—

Foreign currency translation and other
—

 
2

 
—

Ending balance at December 31, 2017
$
13

 
$
27

 
$
6

U.S. Plans  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Net Funded Status
The amounts shown below reflect the change in the U.S. defined benefit pension obligations during 2017 and 2016.
 
Year Ended December 31,
 
2017
 
2016
 
(in millions)
Benefit obligation at beginning of year
$
40

 
$
50

Interest cost
1

 
1

Benefits paid
(12
)
 
(11
)
Benefit obligation at end of year
29

 
40

Change in plan assets:
 
 
 
Fair value of plan assets at beginning of year
—

 
—

Aptiv contributions
12

 
11

Benefits paid
(12
)
 
(11
)
Fair value of plan assets at end of year
—

 
—

Underfunded status
(29
)
 
(40
)
Amounts recognized in the consolidated balance sheets consist of:
 
 
 
Current liabilities
(10
)
 
(11
)
Non-current liabilities
(19
)
 
(29
)
Total
(29
)
 
(40
)
Amounts recognized in accumulated other comprehensive income consist of (pre-tax):
 
 
 
Actuarial loss
9

 
10

Total
$
9

 
$
10

Schedule of Net Benefit Costs
Benefit costs presented below were determined based on actuarial methods and included the following, which include the results of discontinued operations:
 
U.S. Plans
 
Year Ended December 31,
 
2017
 
2016
 
2015
 
(in millions)
Interest cost
$
1

 
$
1

 
$
1

Amortization of actuarial losses
1

 
1

 
1

Net periodic benefit cost
$
2

 
$
2

 
$
2

Non-U.S. Plans  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Net Funded Status
The amounts shown below reflect the change in the non-U.S. defined benefit pension obligations during 2017 and 2016.
 
Year Ended December 31,
 
2017
 
2016
 
(in millions)
Benefit obligation at beginning of year
$
2,137

 
$
2,032

Service cost
48

 
46

Interest cost
54

 
63

Actuarial (gain) loss
(1
)
 
363

Benefits paid
(71
)
 
(84
)
Impact of curtailments
3

 
2

Spin-off of Delphi Technologies
(1,518
)
 
—

Exchange rate movements and other
183

 
(285
)
Benefit obligation at end of year
835

 
2,137

Change in plan assets:
 
 
 
Fair value of plan assets at beginning of year
1,212

 
1,209

Actual return on plan assets
75

 
204

Aptiv contributions
67

 
83

Benefits paid
(71
)
 
(84
)
Spin-off of Delphi Technologies
(997
)
 
—

Exchange rate movements and other
91

 
(200
)
Fair value of plan assets at end of year
377

 
1,212

Underfunded status
(458
)
 
(925
)
Amounts recognized in the consolidated balance sheets consist of:
 
 
 
Non-current assets
4

 
8

Current liabilities
(31
)
 
(10
)
Non-current liabilities
(431
)
 
(923
)
Total
(458
)
 
(925
)
Amounts recognized in accumulated other comprehensive income consist of (pre-tax):
 
 
 
Actuarial loss
144

 
505

Prior service cost
1

 
1

Total
$
145

 
$
506

Schedule of Net Benefit Costs
 
Non-U.S. Plans
 
Year Ended December 31,
 
2017
 
2016
 
2015
 
(in millions)
Service cost
$
48

 
$
46

 
$
57

Interest cost
54

 
63

 
77

Expected return on plan assets
(63
)
 
(65
)
 
(77
)
Settlement loss (1)
1

 
—

 
11

Curtailment loss (gain)
16

 
3

 
(3
)
Amortization of actuarial losses
35

 
14

 
18

Other
—

 
2

 
—

Net periodic benefit cost
$
91

 
$
63

 
$
83