Supplemental Guarantor And Non-Guarantor Condensed Consolidating Financial Statements (Tables)

9 Months Ended

Sep. 30, 2018

Supplemental Guarantor And Non-Guarantor Condensed Consolidating Financial Statements [Abstract]

Statement of Operations Three Months Ended September 30, 2018



	Parent			Subsidiary Guarantors			Subsidiary Issuer/Guarantor			Non-Guarantor Subsidiaries			Eliminations			Consolidated

	(in millions)
Net sales	$	—		$	—		$	—		$	3,485		$	—		$	3,485
Operating expenses:
Cost of sales	—			—			—			2,834			—			2,834
Selling, general and administrative	38			—			—			194			—			232
Amortization	—			—			—			31			—			31
Restructuring	—			—			—			65			—			65
Total operating expenses	38			—			—			3,124			—			3,162
Operating (loss) income	(38		)	—			—			361			—			323
Interest (expense) income	(22		)	(30		)	(52		)	(6		)	76			(34		)
Other income (expense), net	—			—			5			75			(76		)	4
(Loss) income from continuing operations before income taxes and equity income	(60		)	(30		)	(47		)	430			—			293
Income tax benefit (expense)	—			—			11			(77		)	—			(66		)
(Loss) income from continuing operations before equity income	(60		)	(30		)	(36		)	353			—			227
Equity in net income of affiliates	—			—			—			4			—			4
Equity in net income (loss) of subsidiaries	282			282			78			—			(642		)	—
Income (loss) from continuing operations	222			252			42			357			(642		)	231
Income from discontinued operations, net of tax	—			—			—			—			—			—
Net income (loss)	222			252			42			357			(642		)	231
Net income attributable to noncontrolling interest	—			—			—			9			—			9
Net income (loss) attributable to Aptiv	$	222		$	252		$	42		$	348		$	(642	)	$	222

Statement of Operations Nine Months Ended September 30, 2018



	Parent			Subsidiary Guarantors			Subsidiary Issuer/Guarantor			Non-Guarantor Subsidiaries			Eliminations			Consolidated

	(in millions)
Net sales	$	—		$	—		$	—		$	10,799		$	—		$	10,799
Operating expenses:
Cost of sales	—			—			—			8,739			—			8,739
Selling, general and administrative	53			—			—			698			—			751
Amortization	—			—			—			91			—			91
Restructuring	—			—			—			100			—			100
Total operating expenses	53			—			—			9,628			—			9,681
Operating (loss) income	(53		)	—			—			1,171			—			1,118
Interest (expense) income	(116		)	(61		)	(142		)	(9		)	224			(104		)
Other income (expense), net	—			1			6			244			(224		)	27
(Loss) income from continuing operations before income taxes and equity income	(169		)	(60		)	(136		)	1,406			—			1,041
Income tax benefit (expense)	—			—			31			(239		)	—			(208		)
(Loss) income from continuing operations before equity income	(169		)	(60		)	(105		)	1,167			—			833
Equity in net income of affiliates	—			—			—			17			—			17
Equity in net income (loss) of subsidiaries	989			906			(10		)	—			(1,885		)	—
Income (loss) from continuing operations	820			846			(115		)	1,184			(1,885		)	850
Income from discontinued operations, net of tax	—			—			—			—			—			—
Net income (loss)	820			846			(115		)	1,184			(1,885		)	850
Net income attributable to noncontrolling interest	—			—			—			30			—			30
Net income (loss) attributable to Aptiv	$	820		$	846		$	(115	)	$	1,154		$	(1,885	)	$	820

Statement of Operations Three Months Ended September 30, 2017



	Parent			Subsidiary Guarantors			Subsidiary Issuer/Guarantor			Non-Guarantor Subsidiaries			Eliminations			Consolidated

	(in millions)
Net sales	$	—		$	—		$	—		$	3,148		$	—		$	3,148
Operating expenses:
Cost of sales	—			—			—			2,498			—			2,498
Selling, general and administrative	37			—			—			193			—			230
Amortization	—			—			—			29			—			29
Restructuring	—			—			—			18			—			18
Total operating expenses	37			—			—			2,738			—			2,775
Operating (loss) income	(37		)	—			—			410			—			373
Interest (expense) income	(66		)	(10		)	(44		)	(2		)	87			(35		)
Other income (expense), net	—			39			1			40			(87		)	(7		)
(Loss) income from continuing operations before income taxes and equity income	(103		)	29			(43		)	448			—			331
Income tax (expense) benefit	(1		)	—			16			(46		)	—			(31		)
(Loss) income from continuing operations before equity income	(104		)	29			(27		)	402			—			300
Equity in net income of affiliates	—			—			—			6			—			6
Equity in net income (loss) of subsidiaries	499			470			40			—			(1,009		)	—
Income (loss) from continuing operations	395			499			13			408			(1,009		)	306
Income from discontinued operations, net of tax	—			—			—			107			—			107
Net income (loss)	395			499			13			515			(1,009		)	413
Net income attributable to noncontrolling interest	—			—			—			18			—			18
Net income (loss) attributable to Aptiv	$	395		$	499		$	13		$	497		$	(1,009	)	$	395

Statement of Operations Nine Months Ended September 30, 2017



	Parent			Subsidiary Guarantors			Subsidiary Issuer/Guarantor			Non-Guarantor Subsidiaries			Eliminations			Consolidated

	(in millions)
Net sales	$	—		$	—		$	—		$	9,444		$	—		$	9,444
Operating expenses:
Cost of sales	—			—			—			7,540			—			7,540
Selling, general and administrative	72			—			—			614			—			686
Amortization	—			—			—			87			—			87
Restructuring	—			—			—			101			—			101
Total operating expenses	72			—			—			8,342			—			8,414
Operating (loss) income	(72		)	—			—			1,102			—			1,030
Interest (expense) income	(188		)	(14		)	(130		)	(7		)	236			(103		)
Other income (expense), net	—			105			2			107			(236		)	(22		)
(Loss) income from continuing operations before income taxes and equity income	(260		)	91			(128		)	1,202			—			905
Income tax benefit (expense)	—			—			47			(135		)	—			(88		)
(Loss) income from continuing operations before equity income	(260		)	91			(81		)	1,067			—			817
Equity in net income of affiliates	—			—			—			24			—			24
Equity in net income (loss) of subsidiaries	1,359			1,268			59			—			(2,686		)	—
Income (loss) from continuing operations	1,099			1,359			(22		)	1,091			(2,686		)	841
Income from discontinued operations, net of tax	—			—			—			310			—			310
Net income (loss)	1,099			1,359			(22		)	1,401			(2,686		)	1,151
Net income attributable to noncontrolling interest	—			—			—			52			—			52
Net income (loss) attributable to Aptiv	$	1,099		$	1,359		$	(22	)	$	1,349		$	(2,686	)	$	1,099

Schedule of Comprehensive Income (Loss)

Statement of Comprehensive Income Three Months Ended September 30, 2018



	Parent			Subsidiary Guarantors		Subsidiary Issuer/Guarantor		Non-Guarantor Subsidiaries			Eliminations			Consolidated

	(in millions)
Net income (loss)	$	222		$	252	$	42	$	357		$	(642	)	$	231
Other comprehensive (loss) income:
Currency translation adjustments	(22		)	—		—		(14		)	—			(36		)
Net change in unrecognized gain on derivative instruments, net of tax	—			—		—		14			—			14
Employee benefit plans adjustment, net of tax	—			—		—		2			—			2
Other comprehensive (loss) income	(22		)	—		—		2			—			(20		)
Equity in other comprehensive income (loss) of subsidiaries	6			110		32		—			(148		)	—
Comprehensive income (loss)	206			362		74		359			(790		)	211
Comprehensive income attributable to noncontrolling interests	—			—		—		5			—			5
Comprehensive income (loss) attributable to Aptiv	$	206		$	362	$	74	$	354		$	(790	)	$	206

Statement of Comprehensive Income Nine Months Ended September 30, 2018



	Parent			Subsidiary Guarantors			Subsidiary Issuer/Guarantor			Non-Guarantor Subsidiaries			Eliminations			Consolidated

	(in millions)
Net income (loss)	$	820		$	846		$	(115	)	$	1,184		$	(1,885	)	$	850
Other comprehensive income (loss):
Currency translation adjustments	31			—			—			(199		)	—			(168		)
Net change in unrecognized loss on derivative instruments, net of tax	—			—			—			(19		)	—			(19		)
Employee benefit plans adjustment, net of tax	—			—			—			12			—			12
Other comprehensive income (loss)	31			—			—			(206		)	—			(175		)
Equity in other comprehensive (loss) income of subsidiaries	(198		)	(37		)	33			—			202			—
Comprehensive income (loss)	653			809			(82		)	978			(1,683		)	675
Comprehensive income attributable to noncontrolling interests	—			—			—			22			—			22
Comprehensive income (loss) attributable to Aptiv	$	653		$	809		$	(82	)	$	956		$	(1,683	)	$	653

Statement of Comprehensive Income Three Months Ended September 30, 2017



	Parent			Subsidiary Guarantors			Subsidiary Issuer/Guarantor			Non-Guarantor Subsidiaries			Eliminations			Consolidated

	(in millions)
Net income (loss)	$	395		$	499		$	13		$	515		$	(1,009	)	$	413
Other comprehensive (loss) income:
Currency translation adjustments	(44		)	—			—			131			—			87
Net change in unrecognized loss on derivative instruments, net of tax	—			—			—			(9		)	—			(9		)
Employee benefit plans adjustment, net of tax	—			—			—			(6		)	—			(6		)
Other comprehensive (loss) income	(44		)	—			—			116			—			72
Equity in other comprehensive income (loss) of subsidiaries	113			(35		)	(7		)	—			(71		)	—
Comprehensive income (loss)	464			464			6			631			(1,080		)	485
Comprehensive income attributable to noncontrolling interests	—			—			—			21			—			21
Comprehensive income (loss) attributable to Aptiv	$	464		$	464		$	6		$	610		$	(1,080	)	$	464

Statement of Comprehensive Income Nine Months Ended September 30, 2017



	Parent			Subsidiary Guarantors		Subsidiary Issuer/Guarantor			Non-Guarantor Subsidiaries			Eliminations			Consolidated

	(in millions)
Net income (loss)	$	1,099		$	1,359	$	(22	)	$	1,401		$	(2,686	)	$	1,151
Other comprehensive (loss) income:
Currency translation adjustments	(147		)	—		—			423			—			276
Net change in unrecognized gain on derivative instruments, net of tax	—			—		—			34			—			34
Employee benefit plans adjustment, net of tax	—			—		—			(1		)	—			(1		)
Other comprehensive (loss) income	(147		)	—		—			456			—			309
Equity in other comprehensive income (loss) of subsidiaries	449			42		54			—			(545		)	—
Comprehensive income (loss)	1,401			1,401		32			1,857			(3,231		)	1,460
Comprehensive income attributable to noncontrolling interests	—			—		—			59			—			59
Comprehensive income (loss) attributable to Aptiv	$	1,401		$	1,401	$	32		$	1,798		$	(3,231	)	$	1,401

Schedule of Condensed Balance Sheet

Balance Sheet as of September 30, 2018



	Parent		Subsidiary Guarantors		Subsidiary Issuer/Guarantor		Non-Guarantor Subsidiaries		Eliminations			Consolidated

	(in millions)
ASSETS
Current assets:
Cash and cash equivalents	$	1	$	—	$	—	$	770	$	—		$	771
Restricted cash	—		—		—		1		—			1
Accounts receivable, net	—		—		—		2,635		—			2,635
Intercompany receivables, current	1		16		2,038		4,758		(6,813		)	—
Inventories	—		—		—		1,358		—			1,358
Other current assets	—		—		—		439		—			439
Total current assets	2		16		2,038		9,961		(6,813		)	5,204
Long-term assets:
Intercompany receivables, long-term	—		—		768		1,465		(2,233		)	—
Property, net	—		—		—		3,056		—			3,056
Investments in affiliates	—		—		—		101		—			101
Investments in subsidiaries	6,957		10,994		2,191		—		(20,142		)	—
Intangible assets, net	—		—		—		3,378		—			3,378
Other long-term assets	—		—		6		582		—			588
Total long-term assets	6,957		10,994		2,965		8,582		(22,375		)	7,123
Total assets	$	6,959	$	11,010	$	5,003	$	18,543	$	(29,188	)	$	12,327
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Short-term debt	$	—	$	—	$	20	$	4	$	—		$	24
Accounts payable	—		—		—		2,254		—			2,254
Intercompany payables, current	327		4,392		1,673		421		(6,813		)	—
Accrued liabilities	35		—		3		1,071		—			1,109
Total current liabilities	362		4,392		1,696		3,750		(6,813		)	3,387
Long-term liabilities:
Long-term debt	2,989		—		1,064		31		—			4,084
Intercompany payables, long-term	—		—		1,352		881		(2,233		)	—
Pension benefit obligations	—		—		—		439		—			439
Other long-term liabilities	—		—		—		608		—			608
Total long-term liabilities	2,989		—		2,416		1,959		(2,233		)	5,131
Total liabilities	3,351		4,392		4,112		5,709		(9,046		)	8,518
Total Aptiv shareholders’ equity	3,608		6,618		891		12,633		(20,142		)	3,608
Noncontrolling interest	—		—		—		201		—			201
Total shareholders’ equity	3,608		6,618		891		12,834		(20,142		)	3,809
Total liabilities and shareholders’ equity	$	6,959	$	11,010	$	5,003	$	18,543	$	(29,188	)	$	12,327

Balance Sheet as of December 31, 2017



	Parent		Subsidiary Guarantors		Subsidiary Issuer/Guarantor		Non-Guarantor Subsidiaries		Eliminations			Consolidated

	(in millions)
ASSETS
Current assets:
Cash and cash equivalents	$	1	$	—	$	—	$	1,595	$	—		$	1,596
Restricted cash	—		—		—		1		—			1
Accounts receivable, net	—		—		—		2,440		—			2,440
Intercompany receivables, current	50		16		82		9,867		(10,015		)	—
Inventories	—		—		—		1,083		—			1,083
Other current assets	—		—		—		521		—			521
Total current assets	51		16		82		15,507		(10,015		)	5,641
Long-term assets:
Intercompany receivables, long-term	—		—		768		1,366		(2,134		)	—
Property, net	—		—		—		2,804		—			2,804
Investments in affiliates	—		—		—		91		—			91
Investments in subsidiaries	11,987		13,707		3,416		—		(29,110		)	—
Intangible assets, net	—		—		—		3,163		—			3,163
Other long-term assets	60		—		8		402		—			470
Total long-term assets	12,047		13,707		4,192		7,826		(31,244		)	6,528
Total assets	$	12,098	$	13,723	$	4,274	$	23,333	$	(41,259	)	$	12,169
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Short-term debt	$	—	$	—	$	13	$	4	$	—		$	17
Accounts payable	2		—		—		2,225		—			2,227
Intercompany payables, current	5,689		1,736		1,032		1,558		(10,015		)	—
Accrued liabilities	91		—		10		1,195		—			1,296
Total current liabilities	5,782		1,736		1,055		4,982		(10,015		)	3,540
Long-term liabilities:
Long-term debt	3,017		—		1,078		37		—			4,132
Intercompany payables, long-term	—		—		1,297		837		(2,134		)	—
Pension benefit obligations	—		—		—		454		—			454
Other long-term liabilities	—		—		—		526		—			526
Total long-term liabilities	3,017		—		2,375		1,854		(2,134		)	5,112
Total liabilities	8,799		1,736		3,430		6,836		(12,149		)	8,652
Total Aptiv shareholders’ equity	3,299		11,987		844		16,279		(29,110		)	3,299
Noncontrolling interest	—		—		—		218		—			218
Total shareholders’ equity	3,299		11,987		844		16,497		(29,110		)	3,517
Total liabilities and shareholders’ equity	$	12,098	$	13,723	$	4,274	$	23,333	$	(41,259	)	$	12,169

Schedule of Condensed Cash Flow Statement

Statement of Cash Flows for the Nine Months Ended September 30, 2018



	Parent			Subsidiary Guarantors			Subsidiary Issuer/Guarantor		Non-Guarantor Subsidiaries			Eliminations			Consolidated

	(in millions)
Net cash (used in) provided by operating activities from continuing operations	$	(111	)	$	—		$	—	$	1,001		$	—		$	890
Net cash used in operating activities from discontinued operations	—			—			—		(19		)	—			(19		)
Net cash (used in) provided by operating activities	(111		)	—			—		982			—			871
Cash flows from investing activities:
Capital expenditures	—			—			—		(661		)	—			(661		)
Proceeds from sale of property / investments	—			—			—		10			—			10
Cost of business acquisitions, net of cash acquired	—			—			—		(512		)	—			(512		)
Return of investment from subsidiaries	5,879			4,971			—		—			(10,850		)	—
Settlement of derivatives	—			—			—		(6		)	—			(6		)
Loans to affiliates	—			—			—		(3,127		)	3,127			—
Repayments of loans from affiliates	—			—			—		7,598			(7,598		)	—
Net cash provided by (used in) investing activities from continuing operations	5,879			4,971			—		3,302			(15,321		)	(1,169		)
Net cash provided by investing activities from discontinued operations	—			—			—		—			—			—
Net cash provided by (used in) investing activities	5,879			4,971			—		3,302			(15,321		)	(1,169		)
Cash flows from financing activities:
Net repayments under other short-term debt agreements	—			—			—		(19		)	—			(19		)
Contingent consideration and deferred acquisition purchase price payments	—			—			—		(13		)	—			(13		)
Dividend payments of consolidated affiliates to minority shareholders	—			—			—		(26		)	—			(26		)
Proceeds from borrowings from affiliates	500			2,627			—		—			(3,127		)	—
Payments on borrowings from affiliates	(5,879		)	(1,719		)	—		—			7,598			—
Dividends paid to affiliates	—			(5,879		)	—		(4,971		)	10,850			—
Repurchase of ordinary shares	(214		)	—			—		—			—			(214		)
Distribution of cash dividends	(175		)	—			—		—			—			(175		)
Taxes withheld and paid on employees' restricted share awards	—			—			—		(35		)	—			(35		)
Net cash (used in) provided by financing activities	(5,768		)	(4,971		)	—		(5,064		)	15,321			(482		)
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash	—			—			—		(45		)	—			(45		)
Decrease in cash, cash equivalents and restricted cash	—			—			—		(825		)	—			(825		)
Cash, cash equivalents and restricted cash at beginning of period	1			—			—		1,596			—			1,597
Cash, cash equivalents and restricted cash at end of period	$	1		$	—		$	—	$	771		$	—		$	772
Cash, cash equivalents and restricted cash of discontinued operations	$	—		$	—		$	—	$	—		$	—		$	—
Cash, cash equivalents and restricted cash of continuing operations	$	1		$	—		$	—	$	771		$	—		$	772

Statement of Cash Flows for the Nine Months Ended September 30, 2017



	Parent			Subsidiary Guarantors			Subsidiary Issuer/Guarantor		Non-Guarantor Subsidiaries			Eliminations			Consolidated

	(in millions)
Net cash (used in) provided by operating activities from continuing operations	$	(73	)	$	(255	)	$	—	$	1,013		$	—		$	685
Net cash provided by operating activities from discontinued operations	—			—			—		355			—			355
Net cash (used in) provided by operating activities	(73		)	(255		)	—		1,368			—			1,040
Cash flows from investing activities:
Capital expenditures	—			—			—		(480		)	—			(480		)
Proceeds from sale of property / investments	—			—			—		6			—			6
Cost of business acquisitions, net of cash acquired	—			—			—		(40		)	—			(40		)
Cost of technology investments	—			—			—		(50		)	—			(50		)
Settlement of derivatives	—			—			—		(12		)	—			(12		)
Loans to affiliates	—			(55		)	—		(960		)	1,015			—
Repayments of loans from affiliates	—			—			—		17			(17		)	—
Net cash (used in) provided by investing activities from continuing operations	—			(55		)	—		(1,519		)	998			(576		)
Net cash used in investing activities from discontinued operations	—			—			—		(106		)	—			(106		)
Net cash (used in) provided by investing activities	—			(55		)	—		(1,625		)	998			(682		)
Cash flows from financing activities:
Net repayments under other short-term debt agreements	—			—			—		(8		)	—			(8		)
Proceeds from issuance of senior notes, net of issuance costs	—			—			—		796			—			796
Contingent consideration and deferred acquisition purchase price payments	—			—			—		(24		)	—			(24		)
Dividend payments of consolidated affiliates to minority shareholders	—			—			—		(10		)	—			(10		)
Proceeds from borrowings from affiliates	705			310			—		—			(1,015		)	—
Payments on borrowings from affiliates	(17		)	—			—		—			17			—
Repurchase of ordinary shares	(383		)	—			—		—			—			(383		)
Distribution of cash dividends	(233		)	—			—		—			—			(233		)
Taxes withheld and paid on employees' restricted share awards	—			—			—		(33		)	—			(33		)
Net cash provided by (used in) financing activities	72			310			—		721			(998		)	105
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash	—			—			—		52			—			52
(Decrease) increase in cash, cash equivalents and restricted cash	(1		)	—			—		516			—			515
Cash, cash equivalents and restricted cash at beginning of period	2			—			—		837			—			839
Cash, cash equivalents and restricted cash at end of period	$	1		$	—		$	—	$	1,353		$	—		$	1,354
Cash, cash equivalents and restricted cash of discontinued operations	$	—		$	—		$	—	$	891		$	—		$	891
Cash, cash equivalents and restricted cash of continuing operations	$	1		$	—		$	—	$	462		$	—		$	463