Fair Value Of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2023

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 nine months ended September 30, 2023 were as follows:

	Contingent Consideration Liability
	(in millions)
Fair value at beginning of period	$	10
Payments	(10)
Fair value at end of period	$	—

Fair Value, Assets Measured on Recurring Basis

As of September 30, 2023 and December 31, 2022, 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 September 30, 2023:
Foreign currency derivatives	$	132	$	—	$	132	$	—
Publicly traded equity securities	12		12		—		—
Total	$	144	$	12	$	132	$	—
As of December 31, 2022:
Foreign currency derivatives	$	58	$	—	$	58	$	—
Publicly traded equity securities	17		17		—		—
Total	$	75	$	17	$	58	$	—

Fair Value, Liabilities Measured on Recurring Basis

As of September 30, 2023 and December 31, 2022, 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 September 30, 2023:
Commodity derivatives	$	22	$	—	$	22	$	—
Foreign currency derivatives	1		—		1		—
Total	$	23	$	—	$	23	$	—
As of December 31, 2022:
Commodity derivatives	$	35	$	—	$	35	$	—
Foreign currency derivatives	1		—		1		—
Contingent consideration	10		—		—		10
Total	$	46	$	—	$	36	$	10