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Segment Reporting
 12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Segment Reporting SEGMENT REPORTING
Aptiv operates its core business along the following operating segments, which are grouped on the basis of similar product, market and operating factors:
•Signal and Power Solutions, which includes complete electrical architecture and component products.
•Advanced Safety and User Experience, which includes vehicle technology and services in advanced safety, user experience and connectivity and security solutions, as well as cloud-native software platforms, autonomous driving technologies and DevOps tools.
•Eliminations and Other, which includes i) the elimination of inter-segment transactions, and ii) certain other expenses and income of a non-operating or strategic nature.
The accounting policies of the segments are the same as those described in Note 2. Significant Accounting Policies, except that the disaggregated financial results for the segments have been prepared using a management approach, which is consistent with the basis and manner in which management internally disaggregates financial information for which Aptiv’s chief operating decision maker regularly reviews financial results to assess performance of, and make internal operating decisions about allocating resources to, the segments.
Generally, Aptiv evaluates segment performance based on stand-alone segment net income before interest expense, other income (expense), net, income tax (expense) benefit, equity income (loss), net of tax, amortization, restructuring, other acquisition and portfolio project costs (which includes costs incurred to integrate acquired businesses and to plan and execute product portfolio transformation actions, including business and product acquisitions and divestitures), asset impairments and other related charges and gains (losses) on business divestitures and other transactions (“Adjusted Operating Income”) and accounts for inter-segment sales and transfers as if the sales or transfers were to third parties, at current market prices.
Effective on January 1, 2022, the Company now excludes amortization expense of intangible assets from the calculation of Adjusted Operating Income, as reflected in the definition above. The Company’s management believes that the updated calculation of this financial measure will be more useful to both management and investors in their analysis of the Company’s results of operations due to recent acquisitions. Amortization of intangible assets generally results from a write-up in the value of assets in connection with an acquisition. The Company believes that exclusion of amortization expense will facilitate more comparable operating results of the Company over time, between periods when the Company is more or less acquisitive and allows for improved comparison with both acquisitive and non-acquisitive peer companies. The historical presentation of Adjusted Operating Income in the tables below has been revised to be consistent with this updated calculation.
Aptiv’s management utilizes Adjusted Operating Income as the key performance measure of segment income or loss to evaluate segment performance, and for planning and forecasting purposes to allocate resources to the segments, as management believes this measure is most reflective of the operational profitability or loss of Aptiv’s operating segments. Segment Adjusted Operating Income should not be considered a substitute for results prepared in accordance with U.S. GAAP and should not be considered an alternative to net income attributable to Aptiv, which is the most directly comparable financial measure to Adjusted Operating Income that is prepared in accordance with U.S. GAAP. Segment Adjusted Operating Income, as determined and measured by Aptiv, should also not be compared to similarly titled measures reported by other companies.
Included below are sales and operating data for Aptiv’s segments for the years ended December 31, 2022, 2021 and 2020, as well as balance sheet data as of December 31, 2022 and 2021.
Signal and Power SolutionsAdvanced Safety and User ExperienceEliminations and Other (1)Total
 (in millions)
For the Year Ended December 31, 2022:
Net sales$12,943 $4,587 $(41)$17,489 
Depreciation and amortization$584 $178 $— $762 
Adjusted operating income$1,441 $144 $— $1,585 
Operating income (2)$1,195 $68 $— $1,263 
Equity income (loss), net of tax$20 $(299)$— $(279)
Net loss attributable to noncontrolling interest$(3)$— $— $(3)
Net loss attributable to redeemable noncontrolling interest$(1)$— $— $(1)
Capital expenditures$573 $196 $75 $844 
Signal and Power SolutionsAdvanced Safety and User ExperienceEliminations and Other (1)Total
 (in millions)
For the Year Ended December 31, 2021:
Net sales$11,598 $4,056 $(36)$15,618 
Depreciation and amortization$595 $178 $— $773 
Adjusted operating income (3)$1,225 $153 $— $1,378 
Operating income (4)$1,064 $125 $— $1,189 
Equity income (loss), net of tax$15 $(215)$— $(200)
Net income attributable to noncontrolling interest
$19 $— $— $19 
Capital expenditures$434 $124 $53 $611 
Signal and Power SolutionsAdvanced Safety and User ExperienceEliminations and Other (1)Total
 (in millions)
For the Year Ended December 31, 2020:
Net sales$9,522 $3,573 $(29)$13,066 
Depreciation and amortization$588 $176 $— $764 
Adjusted operating income (3)$900 $111 $— $1,011 
Operating income (5)$656 $1,462 $— $2,118 
Equity income (loss), net of tax$15 $(98)$— $(83)
Net income attributable to noncontrolling interest
$18 $— $— $18 
Capital expenditures$355 $173 $56 $584 
(1)Eliminations and Other includes the elimination of inter-segment transactions. Capital expenditures amounts are attributable to corporate administrative and support functions, including corporate headquarters and certain technical centers.
(2)Includes charges recorded in 2022 related to costs associated with employee termination benefits and other exit costs of $30 million for Signal and Power Solutions and $55 million for Advanced Safety and User Experience.
(3)As described above, the calculation of adjusted operating income excludes amortization expense effective on January 1, 2022. The historical presentation of adjusted operating income as shown in this table has been revised to be consistent with the updated calculation.
(4)Includes charges recorded in 2021 related to costs associated with employee termination benefits and other exit costs of $8 million for Signal and Power Solutions and $16 million for Advanced Safety and User Experience.
(5)Includes a pre-tax gain in 2020 of $1.4 billion within Advanced Safety and User Experience for the completion of the Motional autonomous driving joint venture. Also, includes charges recorded in 2020 related to costs associated with employee termination benefits and other exit costs of $90 million for Signal and Power Solutions and $46 million for Advanced Safety and User Experience.
 Signal and Power SolutionsAdvanced Safety and User ExperienceEliminations and Other (1)Total
 (in millions)
Balance as of December 31, 2022: 
Investment in affiliates$126 $1,597 $— $1,723 
Goodwill (2)$2,756 $2,350 $— $5,106 
Total segment assets (2)$14,575 $11,864 $(4,555)$21,884 
Balance as of December 31, 2021:
Investment in affiliates$110 $1,687 $— $1,797 
Goodwill$2,475 $36 $— $2,511 
Total segment assets$13,385 $7,244 $(2,622)$18,007 
(1)Eliminations and Other includes the elimination of inter-segment transactions.
(2)Signal and Power Solutions includes amounts recognized as part of the preliminary purchase price allocation following the acquisition of Intercable Automotive in November 2022. Advanced Safety and User Experience includes amounts recognized as part of the preliminary purchase price allocation following the acquisition of Wind River in December 2022. Refer to Note 20. Acquisitions and Divestitures for additional information on these acquisitions.
The reconciliation of Adjusted Operating Income to operating income includes, as applicable, amortization, restructuring, other acquisition and portfolio project costs (which includes costs incurred to integrate acquired businesses and to plan and execute product portfolio transformation actions, including business and product acquisitions and divestitures), asset impairments and other related charges and gains (losses) on business divestitures and other transactions. The reconciliations of Adjusted Operating Income to net income attributable to Aptiv for the years ended December 31, 2022, 2021 and 2020 are as follows:
Signal and Power SolutionsAdvanced Safety and User ExperienceTotal
 (in millions)
For the Year Ended December 31, 2022:
Adjusted operating income$1,441 $144 $1,585 
Amortization(139)(10)(149)
Restructuring(30)(55)(85)
Other acquisition and portfolio project costs(15)(11)(26)
Asset impairments(8)— (8)
Other charges related to Ukraine/Russia conflict (1)(54)— (54)
Operating income$1,195 $68 1,263 
Interest expense(219)
Other expense, net(54)
Income before income taxes and equity loss990 
Income tax expense(121)
Equity loss, net of tax(279)
Net income590 
Net loss attributable to noncontrolling interest(3)
Net loss attributable to redeemable noncontrolling interest(1)
Net income attributable to Aptiv$594 
(1)Primarily consists of charges related to the designation of our majority owned Russian subsidiary as held for sale as of December 31, 2022. Refer to Note 20. Acquisitions and Divestitures for further information.
Signal and Power SolutionsAdvanced Safety and User ExperienceTotal
 (in millions)
For the Year Ended December 31, 2021:
Adjusted operating income$1,225 $153 $1,378 
Amortization(141)(7)(148)
Restructuring(8)(16)(24)
Other acquisition and portfolio project costs(11)(4)(15)
Asset impairments(1)(1)(2)
Operating income$1,064 $125 1,189 
Interest expense(150)
Other expense, net(129)
Income before income taxes and equity loss910 
Income tax expense(101)
Equity loss, net of tax(200)
Net income609 
Net income attributable to noncontrolling interest19 
Net income attributable to Aptiv$590 
Signal and Power SolutionsAdvanced Safety and User ExperienceTotal
 (in millions)
For the Year Ended December 31, 2020:
Adjusted operating income$900 $111 $1,011 
Amortization(138)(6)(144)
Restructuring(90)(46)(136)
Other acquisition and portfolio project costs(12)(11)(23)
Asset impairments(4)(6)(10)
Deferred compensation related to acquisitions— (14)(14)
Gain on business divestitures and other transactions— 1,434 1,434 
Operating income$656 $1,462 2,118 
Interest expense(164)
Income before income taxes and equity loss1,954 
Income tax expense(49)
Equity loss, net of tax(83)
Net income1,822 
Net income attributable to noncontrolling interest18 
Net income attributable to Aptiv$1,804 
Information concerning principal geographic areas is set forth below. Net sales reflects the manufacturing location and is for the years ended December 31, 2022, 2021 and 2020. Long-lived assets is as of December 31, 2022, 2021 and 2020.
 Year Ended December 31, 2022Year Ended December 31, 2021Year Ended December 31, 2020
 Net SalesLong-Lived Assets (1)Net SalesLong-Lived Assets (1)Net SalesLong-Lived Assets (1)
(in millions)
United States (2)$6,292 $1,136 $5,196 $1,010 $4,382 $985 
Other North America159 291 136 248 112 253 
Europe, Middle East & Africa (3)5,372 1,429 5,179 1,390 4,483 1,440 
Asia Pacific (4)5,274 1,031 4,829 978 3,898 953 
South America392 59 278 51 191 50 
Total$17,489 $3,946 $15,618 $3,677 $13,066 $3,681 
(1)Includes property, plant and equipment, net of accumulated depreciation and operating lease right-of-use assets.
(2)Includes net sales and machinery, equipment and tooling that relate to the Company’s maquiladora operations located in Mexico. These assets are utilized to produce products sold to customers located in the U.S.
(3)Includes Aptiv’s country of domicile, Jersey. The Company had no sales or long-lived assets in Jersey in any period. The largest portion of net sales in the Europe, Middle East & Africa region was $1,485 million, $1,436 million and $1,248 million in Germany for the years ended December 31, 2022, 2021 and 2020, respectively.
(4)Net sales and long-lived assets in Asia Pacific are primarily attributable to China.