Quarterly Data (Unaudited)

12 Months Ended

Dec. 31, 2021

Quarterly Financial Data [Abstract]

Quarterly Financial Information

FOURTH QUARTER DATA (UNAUDITED)

The following is a condensed summary of the Company’s unaudited results of operations for the three months ended December 31, 2021 and 2020.

	Three Months Ended December 31,
	2021		2020
	(in millions, except per share amounts)
Net sales	$	4,134	$	4,212
Cost of sales	3,543		3,433
Gross margin	$	591	$	779
Operating income (1)	$	260	$	446
Net income (2)	39		315
Net income attributable to Aptiv	31		299
Net income attributable to ordinary shareholders	15		283
Basic net income per share:
Basic net income per share attributable to ordinary shareholders	$	0.06	$	1.05
Weighted average number of basic shares outstanding	270.52		270.03
Diluted net income per share:
Diluted net income per share attributable to ordinary shareholders	$	0.06	$	1.04
Weighted average number of diluted shares outstanding	271.47		270.91

(1)Aptiv recorded incremental compensation expense of $22 million during the three months ended December 31, 2020 as a result of adjustments made to the financial performance targets associated with the Company’s 2018, 2019 and 2020 executive performance grants due to the impacts of the COVID-19 pandemic, as further described in Note 21. Share-Based Compensation.

(2)In the fourth quarter of 2021, Aptiv recognized losses on the extinguishment of debt of $126 million.