Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2022

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, 2022 and 2021 were as follows:

	Year Ended December 31,
	2022		2021
	(in millions)
Fair value at beginning of year	$	10	$	52
Additions	—		10
Payments	—		(52)
Fair value at end of year	$	10	$	10

Fair Value, Assets Measured on Recurring Basis

As of December 31, 2022 and 2021, 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, 2022
Foreign currency derivatives	$	58	$	—	$	58	$	—
Publicly traded equity securities	17		17		—		—
Total	$	75	$	17	$	58	$	—
As of December 31, 2021
Commodity derivatives	$	34	$	—	$	34	$	—
Foreign currency derivatives	7		—		7		—
Publicly traded equity securities	66		66		—		—
Total	$	107	$	66	$	41	$	—

Fair Value, Liabilities Measured on Recurring Basis

As of December 31, 2022 and 2021, 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, 2022
Commodity derivatives	$	35	$	—	$	35	$	—
Foreign currency derivatives	1		—		1		—
Contingent consideration	10		—		—		10
Total	$	46	$	—	$	36	$	10
As of December 31, 2021
Foreign currency derivatives	$	20	$	—	$	20	$	—
Contingent consideration	10		—		—		10
Total	$	30	$	—	$	20	$	10