Changes in Accumulated Other Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2023

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Accumulated Other Comprehensive Income

The changes in accumulated other comprehensive income (loss) attributable to Aptiv (net of tax) for the three months ended March 31, 2023 and 2022 are shown below:

	Three Months Ended March 31,
	2023		2022
	(in millions)
Foreign currency translation adjustments:
Balance at beginning of period	$	(790)	$	(588)
Aggregate adjustment for the period (1)	15		(32)
Balance at end of period	(775)		(620)
Gains (losses) on derivatives:
Balance at beginning of period	7		(17)
Other comprehensive income before reclassifications (net tax effect of $(7) and $0)	103		48
Reclassification to income (nil net tax effect for all periods presented)	(9)		(11)
Balance at end of period	101		20
Pension and postretirement plans:
Balance at beginning of period	(8)		(67)
Other comprehensive income before reclassifications (net tax effect of $0 and $(1))	(1)		2
Reclassification to income (net tax effect of $0 and $(2))	1		—
Balance at end of period	(8)		(65)
Accumulated other comprehensive loss, end of period	$	(682)	$	(665)

(1)Includes losses of $17 million and gains of $29 million for the three months ended March 31, 2023 and 2022, respectively, related to non-derivative net investment hedges. Refer to Note 14. Derivatives and Hedging Activities for further description of these hedges.

Reclassifications out of Accumulated Other Comprehensive Income

Reclassifications from accumulated other comprehensive income (loss) to income for the three months ended March 31, 2023 and 2022 were as follows:

Reclassification Out of Accumulated Other Comprehensive Income (Loss)
Details About Accumulated Other Comprehensive Income Components	Three Months Ended March 31,				Affected Line Item in the Statements of Operations
	2023		2022
	(in millions)
Gains (losses) on derivatives:
Commodity derivatives	$	(3)	$	11	Cost of sales
Foreign currency derivatives	12		—		Cost of sales
	9		11		Income before income taxes
	—		—		Income tax expense
	9		11		Net income
	—		—		Net income attributable to noncontrolling interest
	$	9	$	11	Net income attributable to Aptiv
Pension and postretirement plans:
Actuarial losses	$	(1)	$	(2)	Other expense, net (1)
	(1)		(2)		Income before income taxes
	—		2		Income tax expense
	(1)		—		Net income
	—		—		Net income attributable to noncontrolling interest
	$	(1)	$	—	Net income attributable to Aptiv
Total reclassifications for the period	$	8	$	11

(1)These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (see Note 9. Pension Benefits for additional details).