Debt (Tables)

12 Months Ended

Dec. 31, 2022

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, 2022 and 2021:

	December 31,
	2022		2021
	(in millions)
2.396%, senior notes, due 2025 (net of $3 and $0 unamortized issuance costs, respectively)	$	697	$	—
1.50%, Euro-denominated senior notes, due 2025 (net of $1 and $2 unamortized issuance costs and $1 and $1 discount, respectively)	747		790
1.60%, Euro-denominated senior notes, due 2028 (net of $2 and $3 unamortized issuance costs, respectively)	533		563
4.35%, senior notes, due 2029 (net of $2 and $2 unamortized issuance costs, respectively)	298		298
3.25%, senior notes, due 2032 (net of $7 and $0 unamortized issuance costs and $3 and $0 discount, respectively)	790		—
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 $16 and $17 unamortized issuance costs and $32 and $33 discount, respectively)	1,452		1,450
4.15%, senior notes, due 2052 (net of $11 and $0 unamortized issuance costs and $2 and $0 discount, respectively)	987		—
Tranche A Term Loan, due 2026 (net of $1 and $2 unamortized issuance costs, respectively)	308		311
Finance leases and other	38		14
Total debt	6,491		4,067
Less: current portion	(31)		(8)
Long-term debt	$	6,460	$	4,059

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)
2023	$	31
2024	32
2025	1,469
2026	262
2027	2
Thereafter	4,785
Total	$	6,581

Schedule of Interest Rates

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

	December 31, 2022				December 31, 2021
	LIBOR plus		ABR plus		LIBOR plus		ABR plus
Revolving Credit Facility	1.06	%	0.06	%	1.10	%	0.10	%
Tranche A Term Loan	1.105	%	0.105	%	1.125	%	0.125	%

Schedule of Line of Credit Facilities

As of December 31, 2022, Aptiv selected the one-month LIBOR interest rate option on the Tranche A Term Loan, and the rate effective as of December 31, 2022, 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, 2022		Rates effective as of
	Applicable Rate	(in millions)		December 31, 2022
Tranche A Term Loan	LIBOR plus 1.105%	$	309	5.48	%