Debt (Tables)

3 Months Ended

Mar. 31, 2023

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 March 31, 2023 and December 31, 2022:

	March 31, 2023		December 31, 2022
	(in millions)
2.396%, senior notes, due 2025 (net of $3 and $3 unamortized issuance costs, respectively)	$	697	$	697
1.50%, Euro-denominated senior notes, due 2025 (net of $1 and $1 unamortized issuance costs and $0 and $1 discount, respectively)	758		747
1.60%, Euro-denominated senior notes, due 2028 (net of $2 and $2 unamortized issuance costs, respectively)	540		533
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 $6 and $7 unamortized issuance costs and $3 and $3 discount, respectively)	791		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 $16 unamortized issuance costs and $31 and $32 discount, respectively)	1,453		1,452
4.15%, senior notes, due 2052 (net of $11 and $11 unamortized issuance costs and $2 and $2 discount, respectively)	987		987
Tranche A Term Loan, due 2026 (net of $1 and $1 unamortized issuance costs, respectively)	306		308
Finance leases and other	47		38
Total debt	6,518		6,491
Less: current portion	(45)		(31)
Long-term debt	$	6,473	$	6,460

Schedule of Interest Rates

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

	March 31, 2023				December 31, 2022
	LIBOR plus		ABR plus		LIBOR plus		ABR plus
Revolving Credit Facility	1.06	%	0.06	%	1.06	%	0.06	%
Tranche A Term Loan	1.105	%	0.105	%	1.105	%	0.105	%

Schedule of Line of Credit Facilities

As of March 31, 2023, Aptiv selected the one-month LIBOR interest rate option on the Tranche A Term Loan, and the rate effective as of March 31, 2023, 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
		March 31, 2023		Rates effective as of
	Applicable Rate	(in millions)		March 31, 2023
Tranche A Term Loan	LIBOR plus 1.105%	$	307	5.92	%