Changes in Accumulated Other Comprehensive Income

12 Months Ended

Dec. 31, 2022

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Changes in Accumulated Comprehensive Income (Loss)

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The changes in accumulated other comprehensive income (loss) attributable to Aptiv (net of tax) are shown below.

	Year Ended December 31,
	2022		2021		2020
	(in millions)
Foreign currency translation adjustments:
Balance at beginning of year	$	(588)	$	(445)	$	(597)
Aggregate adjustment for the year (1)	(202)		(143)		152
Balance at end of year	(790)		(588)		(445)
Gains (losses) on derivatives:
Balance at beginning of year	$	(17)	$	40	$	13
Other comprehensive income before reclassifications (net tax effect of $10, $0 and $0 )	37		8		6
Reclassification to income (net tax effect of $1, $0 and $0)	(13)		(65)		21
Balance at end of year	7		(17)		40
Pension and postretirement plans:
Balance at beginning of year	$	(67)	$	(140)	$	(135)
Other comprehensive income (loss) before reclassifications (net tax effect of $(26), $(23) and $7)	51		57		(18)
Reclassification to income (net tax effect of $(2), $(4) and $(3))	8		16		13
Balance at end of year	(8)		(67)		(140)
Accumulated other comprehensive loss, end of year	$	(791)	$	(672)	$	(545)

(1)Includes gains of $74 million and $116 million and losses of $132 million for the years ended December 31, 2022, 2021 and 2020, respectively, related to non-derivative net investment hedges. Refer to Note 17. Derivatives and Hedging Activities for further description of these hedges. Includes $6 million of accumulated currency translation adjustment losses reclassified to net income as a result of the liquidation of a foreign subsidiary for the year ended December 31, 2022.

Reclassifications from accumulated other comprehensive income (loss) to income were as follows:

Reclassification Out of Accumulated Other Comprehensive Income (Loss)
Details About Accumulated Other Comprehensive Income Components	Year Ended December 31,						Affected Line Item in the Statement of Operations
	2022		2021		2020
	(in millions)
Foreign currency translation adjustments:
Liquidation of foreign subsidiary (1)	$	(6)	$	—	$	—	Other expense, net
	(6)		—		—		Income before income taxes
	—		—		—		Income tax expense
	(6)		—		—		Net income
	—		—		—		Net (loss) income attributable to noncontrolling interest
	$	(6)	$	—	$	—	Net income attributable to Aptiv
Gains (losses) on derivatives:
Commodity derivatives	$	(5)	$	68	$	(7)	Cost of sales
Foreign currency derivatives	19		(3)		(14)		Cost of sales
	14		65		(21)		Income before income taxes
	(1)		—		—		Income tax expense
	13		65		(21)		Net income
	—		—		—		Net (loss) income attributable to noncontrolling interest
	$	13	$	65	$	(21)	Net income attributable to Aptiv
Pension and postretirement plans:
Actuarial loss	$	(10)	$	(15)	$	(16)	Other expense, net (2)
Curtailment loss	—		(5)		—		Other expense, net (2)
	(10)		(20)		(16)		Income before income taxes
	2		4		3		Income tax expense
	(8)		(16)		(13)		Net income
	—		—		—		Net (loss) income attributable to noncontrolling interest
	$	(8)	$	(16)	$	(13)	Net income attributable to Aptiv
Total reclassifications for the year	$	(1)	$	49	$	(34)

(1)Represents accumulated currency translation adjustment losses reclassified to net income as a result of the liquidation of a foreign subsidiary during the year ended December 31, 2022.

(2)These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (see Note 12. Pension Benefits for additional details).