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v3.10.0.1

Segment Reporting (Tables) | 9 Months Ended
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Sep. 30, 2018
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Included below are sales and operating data for Aptiv’s segments for the three and nine months ended September 30, 2018 and 2017.
| Signal and Power Solutions |  | Advanced Safety and User Experience |  | Eliminations and Other (1) |  | Total
| (in millions)
For the Three Months Ended September 30, 2018: |  |  |  |  |  |  |
Net sales | $ | 2,535 |  |  | $ | 956 |  |  | $ | (6 | ) |  | $ | 3,485 |
Depreciation & amortization | $ | 124 |  |  | $ | 39 |  |  | $ | — |  |  | $ | 163 |
Adjusted operating income | $ | 346 |  |  | $ | 74 |  |  | $ | — |  |  | $ | 420 |
Operating income | $ | 277 |  |  | $ | 46 |  |  | $ | — |  |  | $ | 323 |
Equity income, net of tax | $ | 4 |  |  | $ | — |  |  | $ | — |  |  | $ | 4 |
Net income attributable to noncontrolling interest | $ | 9 |  |  | $ | — |  |  | $ | — |  |  | $ | 9 |
| Signal and Power Solutions |  | Advanced Safety and User Experience |  | Eliminations and Other (1) |  | Total
| (in millions)
For the Three Months Ended September 30, 2017: |  |  |  |  |  |  |
Net sales | $ | 2,318 |  |  | $ | 846 |  |  | $ | (16 | ) |  | $ | 3,148 |
Depreciation & amortization | $ | 109 |  |  | $ | 27 |  |  | $ | — |  |  | $ | 136 |
Adjusted operating income | $ | 319 |  |  | $ | 75 |  |  | $ | — |  |  | $ | 394 |
Operating income | $ | 300 |  |  | $ | 73 |  |  | $ | — |  |  | $ | 373 |
Equity income, net of tax | $ | 6 |  |  | $ | — |  |  | $ | — |  |  | $ | 6 |
Net income attributable to noncontrolling interest | $ | 9 |  |  | $ | — |  |  | $ | — |  |  | $ | 9 |
| Signal and Power Solutions |  | Advanced Safety and User Experience |  | Eliminations and Other (1) |  | Total
| (in millions)
For the Nine Months Ended September 30, 2018: |  |  |  |  |  |  |
Net sales | $ | 7,802 |  |  | $ | 3,032 |  |  | $ | (35 | ) |  | $ | 10,799 |
Depreciation & amortization | $ | 361 |  |  | $ | 113 |  |  | $ | — |  |  | $ | 474 |
Adjusted operating income | $ | 1,083 |  |  | $ | 238 |  |  | $ | — |  |  | $ | 1,321 |
Operating income | $ | 956 |  |  | $ | 162 |  |  | $ | — |  |  | $ | 1,118 |
Equity income, net of tax | $ | 17 |  |  | $ | — |  |  | $ | — |  |  | $ | 17 |
Net income attributable to noncontrolling interest | $ | 30 |  |  | $ | — |  |  | $ | — |  |  | $ | 30 |
| Signal and Power Solutions |  | Advanced Safety and User Experience |  | Eliminations and Other (1) |  | Total
| (in millions)
For the Nine Months Ended September 30, 2017: |  |  |  |  |  |  |
Net sales | $ | 7,006 |  |  | $ | 2,490 |  |  | $ | (52 | ) |  | $ | 9,444 |
Depreciation & amortization | $ | 316 |  |  | $ | 76 |  |  | $ | — |  |  | $ | 392 |
Adjusted operating income | $ | 940 |  |  | $ | 204 |  |  | $ | — |  |  | $ | 1,144 |
Operating income | $ | 887 |  |  | $ | 143 |  |  | $ | — |  |  | $ | 1,030 |
Equity income, net of tax | $ | 24 |  |  | $ | — |  |  | $ | — |  |  | $ | 24 |
Net income attributable to noncontrolling interest | $ | 27 |  |  | $ | — |  |  | $ | — |  |  | $ | 27 |
(1) | Eliminations and Other includes the elimination of inter-segment transactions.
Reconciliation of Segment Adjusted OI to Consolidated Net Income | The reconciliation of Adjusted Operating Income to operating income includes, as applicable, restructuring, other acquisition and portfolio project costs (which includes costs incurred to integrate acquired businesses and to plan and execute product portfolio transformation actions, including business and product acquisitions and divestitures), asset impairments, gains (losses) on business divestitures and deferred compensation related to acquisitions. The reconciliations of Adjusted Operating Income to net income attributable to Aptiv for the three and nine months ended September 30, 2018 and 2017 are as follows:
| Signal and Power Solutions |  | Advanced Safety and User Experience |  | Eliminations and Other |  | Total
| (in millions)
For the Three Months Ended September 30, 2018: |  |  |  |  |  |  |
Adjusted operating income | $ | 346 |  |  | $ | 74 |  |  | $ | — |  |  | $ | 420 |
Restructuring | (58 | ) |  | (7 | ) |  | — |  |  | (65 | )
Other acquisition and portfolio project costs | (11 | ) |  | (5 | ) |  | — |  |  | (16 | )
Asset impairments | — |  |  | (1 | ) |  | — |  |  | (1 | )
Deferred compensation related to nuTonomy acquisition | — |  |  | (15 | ) |  | — |  |  | (15 | )
Operating income | $ | 277 |  |  | $ | 46 |  |  | $ | — |  |  | 323 |
Interest expense |  |  |  |  |  |  | (34 | )
Other income, net |  |  |  |  |  |  | 4 |
Income from continuing operations before income taxes and equity income |  |  |  |  |  |  | 293 |
Income tax expense |  |  |  |  |  |  | (66 | )
Equity income, net of tax |  |  |  |  |  |  | 4 |
Income from continuing operations |  |  |  |  |  |  | 231 |
Income from discontinued operations, net of tax |  |  |  |  |  |  | — |
Net income |  |  |  |  |  |  | 231 |
Net income attributable to noncontrolling interest |  |  |  |  |  |  | 9 |
Net income attributable to Aptiv |  |  |  |  |  |  | $ | 222 |
| Signal and Power Solutions |  | Advanced Safety and User Experience |  | Eliminations and Other |  | Total
| (in millions)
For the Three Months Ended September 30, 2017: |  |  |  |  |  |  |
Adjusted operating income | $ | 319 |  |  | $ | 75 |  |  | $ | — |  |  | $ | 394 |
Restructuring | (17 | ) |  | (1 | ) |  | — |  |  | (18 | )
Other acquisition and portfolio project costs | (1 | ) |  | (1 | ) |  | — |  |  | (2 | )
Asset impairments | (1 | ) |  | — |  |  | — |  |  | (1 | )
Operating income | $ | 300 |  |  | $ | 73 |  |  | $ | — |  |  | 373 |
Interest expense |  |  |  |  |  |  | (35 | )
Other expense, net |  |  |  |  |  |  | (7 | )
Income from continuing operations before income taxes and equity income |  |  |  |  |  |  | 331 |
Income tax expense |  |  |  |  |  |  | (31 | )
Equity income, net of tax |  |  |  |  |  |  | 6 |
Income from continuing operations |  |  |  |  |  |  | 306 |
Income from discontinued operations, net of tax |  |  |  |  |  |  | 107 |
Net income |  |  |  |  |  |  | 413 |
Net income attributable to noncontrolling interest |  |  |  |  |  |  | 18 |
Net income attributable to Aptiv |  |  |  |  |  |  | $ | 395 |
| Signal and Power Solutions |  | Advanced Safety and User Experience |  | Eliminations and Other |  | Total
| (in millions)
For the Nine Months Ended September 30, 2018: |  |  |  |  |  |  |
Adjusted operating income | $ | 1,083 |  |  | $ | 238 |  |  | $ | — |  |  | $ | 1,321 |
Restructuring | (87 | ) |  | (13 | ) |  | — |  |  | (100 | )
Other acquisition and portfolio project costs | (39 | ) |  | (18 | ) |  | — |  |  | (57 | )
Asset impairments | (1 | ) |  | (1 | ) |  | — |  |  | (2 | )
Deferred compensation related to nuTonomy acquisition | — |  |  | (44 | ) |  | — |  |  | (44 | )
Operating income | $ | 956 |  |  | $ | 162 |  |  | $ | — |  |  | 1,118 |
Interest expense |  |  |  |  |  |  | (104 | )
Other income, net |  |  |  |  |  |  | 27 |
Income from continuing operations before income taxes and equity income |  |  |  |  |  |  | 1,041 |
Income tax expense |  |  |  |  |  |  | (208 | )
Equity income, net of tax |  |  |  |  |  |  | 17 |
Income from continuing operations |  |  |  |  |  |  | 850 |
Income from discontinued operations, net of tax |  |  |  |  |  |  | — |
Net income |  |  |  |  |  |  | 850 |
Net income attributable to noncontrolling interest |  |  |  |  |  |  | 30 |
Net income attributable to Aptiv |  |  |  |  |  |  | $ | 820 |
| Signal and Power Solutions |  | Advanced Safety and User Experience |  | Eliminations and Other |  | Total
| (in millions)
For the Nine Months Ended September 30, 2017: |  |  |  |  |  |  |
Adjusted operating income | $ | 940 |  |  | $ | 204 |  |  | $ | — |  |  | $ | 1,144 |
Restructuring | (44 | ) |  | (57 | ) |  | — |  |  | (101 | )
Other acquisition and portfolio project costs | (8 | ) |  | (3 | ) |  | — |  |  | (11 | )
Asset impairments | (1 | ) |  | (1 | ) |  | — |  |  | (2 | )
Operating income | $ | 887 |  |  | $ | 143 |  |  | $ | — |  |  | 1,030 |
Interest expense |  |  |  |  |  |  | (103 | )
Other expense, net |  |  |  |  |  |  | (22 | )
Income from continuing operations before income taxes and equity income |  |  |  |  |  |  | 905 |
Income tax expense |  |  |  |  |  |  | (88 | )
Equity income, net of tax |  |  |  |  |  |  | 24 |
Income from continuing operations |  |  |  |  |  |  | 841 |
Income from discontinued operations, net of tax |  |  |  |  |  |  | 310 |
Net income |  |  |  |  |  |  | 1,151 |
Net income attributable to noncontrolling interest |  |  |  |  |  |  | 52 |
Net income attributable to Aptiv |  |  |  |  |  |  | $ | 1,099 |

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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