Fourth Quarter Data (Unaudited)

12 Months Ended

Dec. 31, 2022

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, 2022 and 2021.

	Three Months Ended December 31,
	2022		2021
	(in millions, except per share amounts)
Net sales	$	4,640	$	4,134
Cost of sales	3,827		3,543
Gross margin	$	813	$	591
Operating income	$	440	$	260
Net income (1)	266		39
Net income attributable to Aptiv	249		31
Net income attributable to ordinary shareholders	233		15
Basic net income per share:
Basic net income per share attributable to ordinary shareholders	$	0.86	$	0.06
Weighted average number of basic shares outstanding	270.95		270.52
Diluted net income per share:
Diluted net income per share attributable to ordinary shareholders	$	0.86	$	0.06
Weighted average number of diluted shares outstanding	271.40		271.47

(1)In the fourth quarter of 2022, Aptiv incurred approximately $53 million in transaction costs related to the acquisitions of Wind River and Intercable Automotive. In the fourth quarter of 2021, Aptiv recognized a loss on extinguishment of debt of $126 million.