Debt (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

The following is a summary of debt outstanding, net of unamortized issuance costs and discounts, as of December 31, 2021 and 2020:

	December 31,
	2021		2020
	(in millions)
4.15%, senior notes, due 2024 (net of $0 and $1 unamortized issuance costs and $0 and $1 discount, respectively)	$	—	$	698
1.50%, Euro-denominated senior notes, due 2025 (net of $2 and $2 unamortized issuance costs and $1 and $2 discount, respectively)	790		857
4.25%, senior notes, due 2026 (net of $0 and $2 unamortized issuance costs, respectively)	—		648
1.60%, Euro-denominated senior notes, due 2028 (net of $3 and $3 unamortized issuance costs, respectively)	563		612
4.35%, senior notes, due 2029 (net of $2 and $3 unamortized issuance costs, respectively)	298		297
4.40%, senior notes, due 2046 (net of $3 and $3 unamortized issuance costs and $1 and $1 discount, respectively)	296		296
5.40%, senior notes, due 2049 (net of $4 and $4 unamortized issuance costs and $1 and $1 discount, respectively)	345		345
3.10%, senior notes, due 2051 (net of $17 and $0 unamortized issuance costs and $33 and $0 discount, respectively)	1,450		—
Tranche A Term Loan, due 2026 (net of $2 and $1 unamortized issuance costs, respectively)	311		320
Finance leases and other	14		28
Total debt	4,067		4,101
Less: current portion	(8)		(90)
Long-term debt	$	4,059	$	4,011

Schedule of Maturities of Long-term Debt

The principal maturities of debt, at nominal value, are as follows:

	Debt and Finance Lease Obligations
	(in millions)
2022	$	8
2023	15
2024	27
2025	810
2026	260
Thereafter	3,016
Total	$	4,136

Schedule of Interest Rates

The Applicable Rates under the Credit Agreement on the specified dates are set forth below:

	December 31, 2021				December 31, 2020
	LIBOR plus		ABR plus		LIBOR plus		ABR plus
Revolving Credit Facility	1.10	%	0.10	%	1.10	%	0.10	%
Tranche A Term Loan	1.125	%	0.125	%	1.25	%	0.25	%

Schedule of Line of Credit Facilities

As of December 31, 2021, Aptiv selected the one-month LIBOR interest rate option on the Tranche A Term Loan, and the rate effective as of December 31, 2021, as detailed in the table below, was based on the Company’s current credit rating and the Applicable Rate for the Credit Agreement:

		Borrowings as of
		December 31, 2021		Rates effective as of
	Applicable Rate	(in millions)		December 31, 2021
Tranche A Term Loan	LIBOR plus 1.125%	$	313	1.25	%