Other Income, Net

9 Months Ended

Sep. 30, 2018

Other Income and Expenses [Abstract]

OTHER INCOME, NET

Other income (expense), net included:



	Three Months Ended September 30,						Nine Months Ended September 30,
	2018			2017			2018			2017

	(in millions)
Interest income	$	5		$	2		$	17		$	4
Components of net periodic benefit cost other than service cost (Note 9)	(5		)	(7		)	(15		)	(16		)
Reserve for Unsecured Creditors litigation	—			—			—			(10		)
Costs associated with acquisitions	—			—			(5		)	—
Other, net	4			(2		)	30			—
Other income (expense), net	$	4		$	(7	)	$	27		$	(22	)

During the nine months ended September 30, 2018, Aptiv incurred approximately $9 million in transaction costs related to the acquisition of KUM and, as further discussed in Note 14. Derivatives and Hedging Activities, recorded a gain of $4 million on forward contracts entered into in order to hedge portions of the currency risk associated with the cash payment for the acquisition of KUM, which are reflected within costs associated with acquisitions in the above table. Also, as further discussed in Note 21. Discontinued Operations, during the three and nine months ended September 30, 2018, Aptiv recorded $2 million and $8 million, respectively, for certain fees earned pursuant to the transition services agreement in connection with the Separation of the Company’s former Powertrain Systems segment.

As further discussed in Note 10. Commitments and Contingencies, during the second quarter of 2017, Aptiv and the plaintiffs reached an agreement to settle the Unsecured Creditors litigation for $310 million, which was subsequently approved by the Bankruptcy Court. In July 2017, the Company paid the $310 million settlement pursuant to the terms of the settlement agreement. In accordance with the terms of the settlement agreement, the Company recorded a net incremental charge of $10 million to its previously recorded reserve of $300 million to other expense during the nine months ended September 30, 2017.