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Pension Benefits (Tables)
12 Months Ended
Dec. 31, 2018
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Accumulated and Projected Benefit Obligations
The projected benefit obligation (“PBO”), accumulated benefit obligation (“ABO”), and fair value of plan assets for pension plans with accumulated benefit obligations in excess of plan assets and with plan assets in excess of accumulated benefit obligations are as follows:
 
U.S. Plans
 
Non-U.S. Plans
 
2018
 
2017
 
2018
 
2017
 
(in millions)
Plans with ABO in Excess of Plan Assets
PBO
$
18

 
$
29

 
$
699

 
$
743

ABO
18

 
29

 
655

 
701

Fair value of plan assets at end of year

 

 
258

 
282

 
Plans with Plan Assets in Excess of ABO
PBO
$

 
$

 
$
110

 
$
92

ABO

 

 
85

 
64

Fair value of plan assets at end of year

 

 
104

 
95

 
Total
PBO
$
18

 
$
29

 
$
809

 
$
835

ABO
18

 
29

 
740

 
765

Fair value of plan assets at end of year

 

 
362

 
377

Schedule of Assumptions Used
Assumptions used to determine benefit obligations at December 31:
 
Pension Benefits
 
U.S. Plans
 
Non-U.S. Plans
 
2018
 
2017
 
2018
 
2017
Weighted-average discount rate
3.80
%
 
2.70
%
 
3.53
%
 
3.39
%
Weighted-average rate of increase in compensation levels
N/A

 
N/A

 
3.74
%
 
3.65
%
Assumptions used to determine net expense for years ended December 31:
 
Pension Benefits
 
U.S. Plans
 
Non-U.S. Plans
 
2018
 
2017
 
2016
 
2018
 
2017
 
2016
Weighted-average discount rate
2.70
%
 
2.70
%
 
2.70
%
 
3.39
%
 
2.83
%
 
3.81
%
Weighted-average rate of increase in compensation levels
N/A

 
N/A

 
N/A

 
3.65
%
 
3.86
%
 
3.67
%
Weighted-average expected long-term rate of return on plan assets
N/A

 
N/A

 
N/A

 
5.63
%
 
5.84
%
 
5.84
%
Schedule of Change in Assumptions Used
Aptiv’s pension expense for 2019 is determined at the 2018 year end measurement date. For purposes of analysis, the following table highlights the sensitivity of the Company’ pension obligations and expense attributable to continuing operations to changes in key assumptions:
Change in Assumption
 
Impact on
Pension Expense
 
Impact on PBO
25 basis point (“bp”) decrease in discount rate
 
+ $2 million
 
+ $28 million
25 bp increase in discount rate
 
- $2 million
 
- $26 million
25 bp decrease in long-term expected return on assets
 
+ $1 million
 
25 bp increase in long-term expected return on assets
 
- $1 million
 
Schedule of Expected Benefit Payments
The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid:
 
Projected Pension Benefit Payments
 
U.S. Plans
 
Non-U.S. Plans
 
(in millions)
2019
$
8

 
$
40

2020
4

 
36

2021
3

 
39

2022
1

 
41

2023
1

 
45

2024 – 2028
2

 
272

Schedule of Allocation of Plan Assets
The fair values of Aptiv’s pension plan assets weighted-average asset allocations at December 31, 2018 and 2017, by asset category, are as follows:
 
 
Fair Value Measurements at December 31, 2018
Asset Category
 
Total
 
Quoted Prices in Active Markets for Identical Assets (Level 1)
 
Significant Observable Inputs (Level 2)
 
Significant Unobservable Inputs (Level 3)
 
 
(in millions)
Cash
 
$
22

 
$
22

 
$

 
$

Time deposits
 
23

 

 
23

 

Equity mutual funds
 
25

 

 
25

 

Bond mutual funds
 
148

 

 
148

 

Real estate trust funds
 
24

 

 

 
24

Hedge funds
 
21

 

 

 
21

Insurance contracts
 
6

 

 

 
6

Debt securities
 
53

 
53

 

 

Equity securities
 
40

 
40

 

 

Total
 
$
362

 
$
115

 
$
196

 
$
51

 
 
Fair Value Measurements at December 31, 2017
Asset Category
 
Total
 
Quoted Prices in Active Markets for Identical Assets (Level 1)
 
Significant Observable Inputs (Level 2)
 
Significant Unobservable Inputs (Level 3)
 
 
(in millions)
Cash
 
$
17

 
$
17

 
$

 
$

Time deposits
 
4

 

 
4

 

Equity mutual funds
 
114

 

 
114

 

Bond mutual funds
 
94

 

 
94

 

Real estate trust funds
 
13

 

 

 
13

Hedge funds
 
27

 

 

 
27

Insurance contracts
 
6

 

 

 
6

Debt securities
 
51

 
51

 

 

Equity securities
 
51

 
51

 

 

Total
 
$
377

 
$
119

 
$
212

 
$
46

Schedule of Level Three Defined Benefit Plan Assets Roll Forward
 
Fair Value Measurements Using Significant
Unobservable Inputs (Level 3)
 
Real Estate Trust Fund
 
Hedge Funds
 
Insurance Contracts
 
(in millions)
Beginning balance at January 1, 2017
$
29

 
$
107

 
$
5

Actual return on plan assets:
 
 
 
 
 
Relating to assets still held at the reporting date
1

 
2

 
1

Purchases, sales and settlements
6

 

 

Spin-off of Delphi Technologies
(23
)
 
(84
)
 

Foreign currency translation and other

 
2

 

Ending balance at December 31, 2017
$
13

 
$
27

 
$
6

Actual return on plan assets:
 
 
 
 
 
Relating to assets still held at the reporting date
$
2

 
$

 
$

Purchases, sales and settlements
9

 
(4
)
 

Foreign currency translation and other

 
(2
)
 

Ending balance at December 31, 2018
$
24

 
$
21

 
$
6

U.S. Plans  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Net Funded Status
The amounts shown below reflect the change in the U.S. defined benefit pension obligations during 2018 and 2017.
 
Year Ended December 31,
 
2018
 
2017
 
(in millions)
Benefit obligation at beginning of year
$
29

 
$
40

Interest cost
1

 
1

Actuarial gain
(2
)
 

Benefits paid
(10
)
 
(12
)
Benefit obligation at end of year
18

 
29

Change in plan assets:
 
 
 
Fair value of plan assets at beginning of year

 

Aptiv contributions
10

 
12

Benefits paid
(10
)
 
(12
)
Fair value of plan assets at end of year

 

Underfunded status
(18
)
 
(29
)
Amounts recognized in the consolidated balance sheets consist of:
 
 
 
Current liabilities
(7
)
 
(10
)
Non-current liabilities
(11
)
 
(19
)
Total
(18
)
 
(29
)
Amounts recognized in accumulated other comprehensive loss consist of (pre-tax):
 
 
 
Actuarial loss
8

 
9

Total
$
8

 
$
9

Schedule of Net Benefit Costs
Benefit costs presented below were determined based on actuarial methods and included the following, which include the results of discontinued operations:
 
U.S. Plans
 
Year Ended December 31,
 
2018
 
2017
 
2016
 
(in millions)
Interest cost
$
1

 
$
1

 
$
1

Amortization of actuarial losses
1

 
1

 
1

Net periodic benefit cost
$
2

 
$
2

 
$
2

Non-U.S. Plans  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Net Funded Status
The amounts shown below reflect the change in the non-U.S. defined benefit pension obligations during 2018 and 2017.
 
Year Ended December 31,
 
2018
 
2017
 
(in millions)
Benefit obligation at beginning of year
$
835

 
$
2,137

Obligation assumed in KUM acquisition
25

 

Service cost
17

 
48

Interest cost
23

 
54

Actuarial gain
(4
)
 
(1
)
Benefits paid
(30
)
 
(71
)
Impact of curtailments
(1
)
 
3

Plan amendments
6

 

Spin-off of Delphi Technologies

 
(1,518
)
Exchange rate movements and other
(62
)
 
183

Benefit obligation at end of year
809

 
835

Change in plan assets:
 
 
 
Fair value of plan assets at beginning of year
377

 
1,212

Assets acquired in KUM acquisition
19

 

Actual return on plan assets
(6
)
 
75

Aptiv contributions
38

 
67

Benefits paid
(30
)
 
(71
)
Spin-off of Delphi Technologies

 
(997
)
Exchange rate movements and other
(36
)
 
91

Fair value of plan assets at end of year
362

 
377

Underfunded status
(447
)
 
(458
)
Amounts recognized in the consolidated balance sheets consist of:
 
 
 
Non-current assets
2

 
4

Current liabilities
(17
)
 
(31
)
Non-current liabilities
(432
)
 
(431
)
Total
(447
)
 
(458
)
Amounts recognized in accumulated other comprehensive loss consist of (pre-tax):
 
 
 
Actuarial loss
143

 
144

Prior service cost
6

 
1

Total
$
149

 
$
145

Schedule of Net Benefit Costs
 
Non-U.S. Plans
 
Year Ended December 31,
 
2018
 
2017
 
2016
 
(in millions)
Service cost
$
17

 
$
48

 
$
46

Interest cost
23

 
54

 
63

Expected return on plan assets
(22
)
 
(63
)
 
(65
)
Settlement loss
3

 
1

 

Curtailment (gain) loss
(1
)
 
16

 
3

Amortization of actuarial losses
13

 
35

 
14

Other

 

 
2

Net periodic benefit cost
$
33

 
$
91

 
$
63