Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Changes in Fair Value of Liabilities Measured on Recurring Basis with Unobservable Inputs

The changes in the contingent consideration liability classified as a Level 3 measurement for the years ended December 31, 2021 and 2020 were as follows:

	Year Ended December 31,
	2021		2020
	(in millions)
Fair value at beginning of year	$	52	$	51
Additions	10		—
Payments	(52)		—
Interest accretion	—		1
Fair value at end of year	$	10	$	52

Fair Value, Assets Measured on Recurring Basis

As of December 31, 2021 and 2020, Aptiv had the following assets measured at fair value on a recurring basis:

	Total		Quoted Prices in Active Markets Level 1		Significant Other Observable Inputs Level 2		Significant Unobservable Inputs Level 3
	(in millions)
As of December 31, 2021
Commodity derivatives	$	34	$	—	$	34	$	—
Foreign currency derivatives	7		—		7		—
Publicly traded equity securities	66		66		—		—
Total	$	107	$	66	$	41	$	—
As of December 31, 2020
Commodity derivatives	$	35	$	—	$	35	$	—
Foreign currency derivatives	35		—		35		—
Total	$	70	$	—	$	70	$	—

Fair Value, Liabilities Measured on Recurring Basis

As of December 31, 2021 and 2020, Aptiv had the following liabilities measured at fair value on a recurring basis:

	Total		Quoted Prices in Active Markets Level 1		Significant Other Observable Inputs Level 2		Significant Unobservable Inputs Level 3
	(in millions)
As of December 31, 2021
Foreign currency derivatives	$	20	$	—	$	20	$	—
Contingent consideration	10		—		—		10
Total	$	30	$	—	$	20	$	10
As of December 31, 2020
Foreign currency derivatives	$	9	$	—	$	9	$	—
Contingent consideration	52		—		—		52
Total	$	61	$	—	$	9	$	52