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Investments in Affiliates | 12 Months Ended
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Dec. 31, 2018
Equity Method Investments and Joint Ventures [Abstract] |
Investments in Affiliates | INVESTMENTS IN AFFILIATES As part of Aptiv’s continuing operations, it has investments in five non-consolidated affiliates accounted for under the equity method of accounting. These affiliates are not publicly traded companies and are located primarily in Asia Pacific and North America. Aptiv’s ownership percentages vary generally from approximately 20% to 50%, with the most significant investment in Promotora de Partes Electricas Automotrices, S.A. de C.V. (of which Aptiv owns approximately 40%). The Company’s aggregate investments in affiliates was $99 million and $91 million at December 31, 2018 and 2017, respectively. Dividends of $12 million, $15 million and $17 million for the years ended December 31, 2018, 2017 and 2016, respectively, have been received from these non-consolidated affiliates. No impairment charges were recorded for the years ended December 31, 2018, 2017 and 2016. The following is a summary of the combined financial information of significant affiliates accounted for under the equity method for continuing operations as of December 31, 2018 and 2017 and for the years ended December 31, 2018, 2017 and 2016 (unaudited):
| December 31,
| 2018 |  | 2017
| (in millions)
Current assets | $ | 222 |  |  | $ | 222 |
Non-current assets | 124 |  |  | 108 |
Total assets | $ | 346 |  |  | $ | 330 |
Current liabilities | $ | 99 |  |  | $ | 114 |
Non-current liabilities | 7 |  |  | 4 |
Shareholders’ equity | 240 |  |  | 212 |
Total liabilities and shareholders’ equity | $ | 346 |  |  | $ | 330 |
| Year Ended December 31,
| 2018 |  | 2017 |  | 2016
| (in millions)
Net sales | $ | 533 |  |  | $ | 570 |  |  | $ | 521 |
Gross profit | 84 |  |  | 111 |  |  | 105 |
Net income | 53 |  |  | 66 |  |  | 77 |
A summary of transactions with affiliates is shown below:
| Year Ended December 31,
| 2018 |  | 2017 |  | 2016
| (in millions)
Sales to affiliates | $ | 7 |  |  | $ | 8 |  |  | $ | 14 |
Purchases from affiliates | 38 |  |  | 19 |  |  | 23 |
Technology Investments The Company has made technology investments in certain non-consolidated affiliates for ownership interests of less than 20%, which are accounted for in accordance with ASU 2016-01, as described in Note 2. Significant Accounting Policies. These investments do not have readily determinable fair values and are measured at cost, less impairments, adjusted for observable price changes in orderly transactions for identical or similar investments of the same issuer. During the fourth quarter of 2018, the Company’s Advanced Safety and User Experience segment made a $15 million investment in Affectiva, Inc., a leader in human perception artificial intelligence technology. During the third quarter of 2017, the Company’s Advanced Safety and User Experience segment made investments in two leading developers of Light Detection and Ranging (“LIDAR”) technology, a $15 million investment in Innoviz Technologies and a $10 million investment in LeddarTech, Inc. During the second quarter of 2017, the Company’s Signal and Power Solutions segment made a $10 million investment in Valens Semiconductor Ltd., a leading provider of signal processing technology for high frequency data transmission of connected car content. During the first quarter of 2017, the Company’s Advanced Safety and User Experience segment made a $15 million investment in Otonomo Technologies Ltd., the developer of a connected car data marketplace. As of December 31, 2018, the Company had the following technology investments, which are classified within other long-term assets in the consolidated balance sheet:
Investment Name | Segment | Investment Date |  | Investment (in millions)
Affectiva, Inc. | Advanced Safety and User Experience | Q4 2018 |  | $ | 15 |
Innoviz Technologies | Advanced Safety and User Experience | Q3 2017 |  | 15 |
LeddarTech, Inc. | Advanced Safety and User Experience | Q3 2017 |  | 10 |
Valens Semiconductor Ltd. | Signal and Power Solutions | Q2 2017 |  | 10 |
Otonomo Technologies Ltd. | Advanced Safety and User Experience | Q1 2017 |  | 15 |
Quanergy Systems, Inc | Advanced Safety and User Experience | Q2 2015; Q1 2016 |  | 6 |
Other investments | Advanced Safety and User Experience | Q4 2018 |  | 1 |
|  |  |  | $ | 72 |
During the year ended December 31, 2018 there were no material transactions, events or changes in circumstances requiring an impairment or an observable price change adjustment to any of these investments. The Company continues to monitor these investments to identify potential transactions which may indicate an impairment or an observable price change requiring an adjustment to its carrying value.

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -URI http://asc.fasb.org/topic&trid=2196965 + Details
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