XML 37 R23.htm IDEA: XBRL DOCUMENT v3.10.0.1
Changes in Accumulated Other Comprehensive Income
12 Months Ended
Dec. 31, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Changes in Accumulated Comprehensive Income (Loss)
CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
The changes in accumulated other comprehensive income (loss) attributable to Aptiv (net of tax) are shown below. Other comprehensive income includes activity relating to discontinued operations.
 
Year Ended December 31,
 
2018
 
2017
 
2016
 
(in millions)
Foreign currency translation adjustments:
 
 
 
 
 
Balance at beginning of year
$
(369
)
 
$
(799
)
 
$
(661
)
Aggregate adjustment for the year (1)
(186
)
 
305

 
(138
)
Spin-off of Delphi Technologies

 
125

 

Balance at end of year
(555
)
 
(369
)
 
(799
)
 
 
 
 
 
 
Gains (losses) on derivatives:
 
 
 
 
 
Balance at beginning of year
$
4

 
$
(11
)
 
$
(106
)
Other comprehensive income (loss) before reclassifications (net tax effect of $3 million, $1 million and $23 million)
(36
)
 
14

 
(1
)
Reclassification to income (net tax effect of $3 million, $6 million and $30 million)
(3
)
 
1

 
96

Balance at end of year
(35
)
 
4

 
(11
)
 
 
 
 
 
 
Pension and postretirement plans:
 
 
 
 
 
Balance at beginning of year
$
(106
)
 
$
(405
)
 
$
(266
)
Other comprehensive income (loss) before reclassifications (net tax effect of $3 million, $3 million and $32 million)
(11
)
 
(19
)
 
(150
)
Reclassification to income (net tax effect of $2 million, $6 million and $1 million)
13

 
30

 
11

Spin-off of Delphi Technologies

 
288

 

Balance at end of year
(104
)
 
(106
)
 
(405
)
 
 
 
 
 
 
Accumulated other comprehensive loss, end of year
$
(694
)
 
$
(471
)
 
$
(1,215
)
(1)
Includes $67 million of gains, $177 million of losses and $67 million of gains for the years ended December 31, 2018, 2017 and 2016, respectively, related to non-derivative net investment hedges. Refer to Note 17. Derivatives and Hedging Activities for further description of the Company’s net investment hedges. The year ended December 31, 2016 also includes $29 million of accumulated currency translation adjustment losses reclassified to net income as a result of the sale of the Company’s Mechatronics business, as further described in Note 20. Acquisitions and Divestitures.

Reclassifications from accumulated other comprehensive income (loss) to income were as follows:
Reclassification Out of Accumulated Other Comprehensive Income (Loss)
Details About Accumulated Other Comprehensive Income Components
 
Year Ended December 31,
 
Affected Line Item in the Statement of Operations
 
2018
 
2017
 
2016
 
 
 
(in millions)
 
 
Foreign currency translation adjustments:
 
 
 
 
 
 
 
 
Sale of Mechatronics business (1)
 
$

 
$

 
$
(29
)
 
Cost of sales
 
 

 

 
(29
)
 
Income before income taxes
 
 

 

 

 
Income tax expense
 
 

 

 
(29
)
 
Net income
 
 

 

 

 
Net income attributable to noncontrolling interest
 
 
$

 
$

 
$
(29
)
 
Net income attributable to Aptiv
 
 
 
 
 
 
 
 
 
Gains (losses) on derivatives:
 
 
 
 
 
 
 
 
Commodity derivatives
 
$
14

 
$
18

 
$
(42
)
 
Cost of sales
Foreign currency derivatives
 
(14
)
 
(25
)
 
(84
)
 
Cost of sales
 
 

 
(7
)
 
(126
)
 
Income before income taxes
 
 
3

 
6

 
30

 
Income tax expense
 
 
3

 
(1
)
 
(96
)
 
Net income
 
 

 

 

 
Net income attributable to noncontrolling interest
 
 
$
3

 
$
(1
)
 
$
(96
)
 
Net income attributable to Aptiv
 
 
 
 
 
 
 
 
 
Pension and postretirement plans:
 
 
 
 
 
 
 
 
Actuarial loss
 
$
(14
)
 
$
(35
)
 
$
(12
)
 
(2)
Settlement loss
 
(2
)
 
(1
)
 

 
(2)
Curtailment gain
 
1

 

 

 
(2)
 
 
(15
)
 
(36
)
 
(12
)
 
Income before income taxes
 
 
2

 
6

 
1

 
Income tax expense
 
 
(13
)
 
(30
)
 
(11
)
 
Net income
 
 

 

 

 
Net income attributable to noncontrolling interest
 
 
$
(13
)
 
$
(30
)
 
$
(11
)
 
Net income attributable to Aptiv
 
 
 
 
 
 
 
 
 
Total reclassifications for the year
 
$
(10
)
 
$
(31
)
 
$
(136
)
 
 
(1)
Represents accumulated currency translation adjustment losses reclassified to net income as a result of the sale of the Company’s Mechatronics business during the year ended December 31, 2016, as further described in Note 20. Acquisitions and Divestitures.
(2)
These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (see Note 12. Pension Benefits for additional details).