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Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2018

Fair Value Disclosures [Abstract]

Fair Value, Assets Measured on Recurring Basis

As of December 31, 2018 and 2017, Aptiv had the following assets measured at fair value on a recurring basis:

	Total				Quoted Prices in Active Markets Level 1				Significant Other Observable Inputs Level 2				Significant Unobservable Inputs Level 3
	(in millions)
As of December 31, 2018
Foreign currency derivatives	$	8			$	—			$	8			$	—
Total	$	8			$	—			$	8			$	—
As of December 31, 2017
Commodity derivatives	$	35			$	—			$	35			$	—
Foreign currency derivatives	3				—				3				—
Total	$	38			$	—			$	38			$	—

Fair Value, Liabilities Measured on Recurring Basis

As of December 31, 2018 and 2017, Aptiv had the following liabilities measured at fair value on a recurring basis:

	Total				Quoted Prices in Active Markets Level 1				Significant Other Observable Inputs Level 2				Significant Unobservable Inputs Level 3
	(in millions)
As of December 31, 2018
Commodity derivatives	$	22			$	—			$	22			$	—
Foreign currency derivatives	6				—				6				—
Contingent consideration	49				—				—				49
Total	$	77			$	—			$	28			$	49
As of December 31, 2017
Foreign currency derivatives	$	26			$	—			$	26			$	—
Contingent consideration	33				—				—				33
Total	$	59			$	—			$	26			$	33

Changes in Fair Value of Liabilities Measured on Recurring Basis with Unobservable Inputs

The changes in the contingent consideration liability classified as a Level 3 measurement were as follows:

	Year Ended December 31,
	2018				2017
	(in millions)
Fair value at beginning of year	$	33			$	35
Additions	—				32
Payments	(7		)		(22		)
Interest accretion	—				2
Measurement adjustments	23				(14		)
Fair value at end of year	$	49			$	33

X

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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-Publisher FASB
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Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

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Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

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