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

12 Months Ended

Dec. 31, 2018

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

Statement of Operations Year Ended December 31, 2018



	Parent			Subsidiary Guarantors			Subsidiary Issuer/Guarantor			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(in millions)
Net sales	$	—		$	—		$	—		$	14,435		$	—		$	14,435
Operating expenses:
Cost of sales	—			—			—			11,706			—			11,706
Selling, general and administrative	27			—			—			966			—			993
Amortization	—			—			—			154			—			154
Restructuring	—			—			—			109			—			109
Total operating expenses	27			—			—			12,935			—			12,962
Operating (loss) income	(27		)	—			—			1,500			—			1,473
Interest (expense) income	(141		)	(147		)	(200		)	(25		)	372			(141		)
Other income (expense), net	—			1			80			293			(372		)	2
(Loss) income from continuing operations before income taxes and equity income	(168		)	(146		)	(120		)	1,768			—			1,334
Income tax benefit (expense)	—			—			27			(277		)	—			(250		)
(Loss) income from continuing operations before equity income	(168		)	(146		)	(93		)	1,491			—			1,084
Equity in net income of affiliates	—			—			—			23			—			23
Equity in net income (loss) of subsidiaries	1,235			1,221			33			—			(2,489		)	—
Income (loss) from continuing operations	1,067			1,075			(60		)	1,514			(2,489		)	1,107
Income from discontinued operations, net of tax	—			—			—			—			—			—
Net income (loss)	1,067			1,075			(60		)	1,514			(2,489		)	1,107
Net income attributable to noncontrolling interest	—			—			—			40			—			40
Net income (loss) attributable to Aptiv	$	1,067		$	1,075		$	(60	)	$	1,474		$	(2,489	)	$	1,067

Statement of Operations Year Ended December 31, 2017



	Parent			Subsidiary Guarantors			Subsidiary Issuer/Guarantor			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(in millions)
Net sales	$	—		$	—		$	—		$	12,884		$	—		$	12,884
Operating expenses:
Cost of sales	—			—			—			10,270			—			10,270
Selling, general and administrative	137			—			—			815			—			952
Amortization	—			—			—			117			—			117
Restructuring	—			—			—			129			—			129
Total operating expenses	137			—			—			11,331			—			11,468
Operating (loss) income	(137		)	—			—			1,553			—			1,416
Interest (expense) income	(255		)	(24		)	(174		)	(11		)	324			(140		)
Other income (expense), net	—			144			13			146			(324		)	(21		)
(Loss) income from continuing operations before income taxes and equity income	(392		)	120			(161		)	1,688			—			1,255
Income tax benefit (expense)	—			—			59			(282		)	—			(223		)
(Loss) income from continuing operations before equity income	(392		)	120			(102		)	1,406			—			1,032
Equity in net income of affiliates	—			—			—			31			—			31
Equity in net income (loss) of subsidiaries	1,747			1,623			62			—			(3,432		)	—
Income (loss) from continuing operations	1,355			1,743			(40		)	1,437			(3,432		)	1,063
Income from discontinued operations, net of tax	—			—			—			365			—			365
Net income (loss)	1,355			1,743			(40		)	1,802			(3,432		)	1,428
Net income attributable to noncontrolling interest	—			—			—			73			—			73
Net income (loss) attributable to Aptiv	$	1,355		$	1,743		$	(40	)	$	1,729		$	(3,432	)	$	1,355

Statement of Operations Year Ended December 31, 2016



	Parent			Subsidiary Guarantors			Subsidiary Issuer/Guarantor			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(in millions)
Net sales	$	—		$	—		$	—		$	12,274		$	—		$	12,274
Operating expenses:
Cost of sales	—			—			—			9,527			—			9,527
Selling, general and administrative	87			—			—			837			—			924
Amortization	—			—			—			117			—			117
Restructuring	—			—			—			167			—			167
Total operating expenses	87			—			—			10,648			—			10,735
Operating (loss) income	(87		)	—			—			1,626			—			1,539
Interest (expense) income	(208		)	(23		)	(202		)	(67		)	345			(155		)
Other (expense) income, net	(5		)	(163		)	(11		)	140			(345		)	(384		)
(Loss) income from continuing operations before income taxes and equity income	(300		)	(186		)	(213		)	1,699			—			1,000
Income tax benefit (expense)	60			—			78			(305		)	—			(167		)
(Loss) income from continuing operations before equity income	(240		)	(186		)	(135		)	1,394			—			833
Equity in net income of affiliates	—			—			—			35			—			35
Equity in net income (loss) of subsidiaries	1,497			1,531			359			—			(3,387		)	—
Income (loss) from continuing operations	1,257			1,345			224			1,429			(3,387		)	868
Income from discontinued operations, net of tax	—			—			—			458			—			458
Net income (loss)	1,257			1,345			224			1,887			(3,387		)	1,326
Net income attributable to noncontrolling interest	—			—			—			69			—			69
Net income (loss) attributable to Aptiv	$	1,257		$	1,345		$	224		$	1,818		$	(3,387	)	$	1,257

Schedule of Comprehensive Income (Loss)

Statement of Comprehensive Income Year Ended December 31, 2018



	Parent			Subsidiary Guarantors			Subsidiary Issuer/Guarantor			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(in millions)
Net income (loss)	$	1,067		$	1,075		$	(60	)	$	1,514		$	(2,489	)	$	1,107
Other comprehensive income (loss):
Currency translation adjustments	67			—			—			(261		)	—			(194		)
Net change in unrecognized loss on derivative instruments, net of tax	—			—			—			(39		)	—			(39		)
Employee benefit plans adjustment, net of tax	—			—			—			2			—			2
Other comprehensive income (loss)	67			—			—			(298		)	—			(231		)
Equity in other comprehensive (loss) income of subsidiaries	(290		)	(177		)	25			—			442			—
Comprehensive income (loss)	844			898			(35		)	1,216			(2,047		)	876
Comprehensive income attributable to noncontrolling interests	—			—			—			32			—			32
Comprehensive income (loss) attributable to Aptiv	$	844		$	898		$	(35	)	$	1,184		$	(2,047	)	$	844

Statement of Comprehensive Income Year Ended December 31, 2017



	Parent			Subsidiary Guarantors		Subsidiary Issuer/Guarantor			Non-Guarantor Subsidiaries		Eliminations			Consolidated
	(in millions)
Net income (loss)	$	1,355		$	1,743	$	(40	)	$	1,802	$	(3,432	)	$	1,428
Other comprehensive (loss) income:
Currency translation adjustments	(177		)	—		—			492		—			315
Net change in unrecognized gain on derivative instruments, net of tax	—			—		—			15		—			15
Employee benefit plans adjustment, net of tax	—			—		—			11		—			11
Other comprehensive (loss) income	(177		)	—		—			518		—			341
Equity in other comprehensive income (loss) of subsidiaries	508			533		31			—		(1,072		)	—
Comprehensive income (loss)	1,686			2,276		(9		)	2,320		(4,504		)	1,769
Comprehensive income attributable to noncontrolling interests	—			—		—			83		—			83
Comprehensive income (loss) attributable to Aptiv	$	1,686		$	2,276	$	(9	)	$	2,237	$	(4,504	)	$	1,686

Statement of Comprehensive Income Year Ended December 31, 2016



	Parent			Subsidiary Guarantors			Subsidiary Issuer/Guarantor		Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(in millions)
Net income (loss)	$	1,257		$	1,345		$	224	$	1,887		$	(3,387	)	$	1,326
Other comprehensive income (loss):
Currency translation adjustments	65			—			—		(212		)	—			(147		)
Net change in unrecognized gain on derivative instruments, net of tax	—			—			—		95			—			95
Employee benefit plans adjustment, net of tax	—			—			—		(139		)	—			(139		)
Other comprehensive income (loss)	65			—			—		(256		)	—			(191		)
Equity in other comprehensive (loss) income of subsidiaries	(247		)	(243		)	2		—			488			—
Comprehensive income (loss)	1,075			1,102			226		1,631			(2,899		)	1,135
Comprehensive income attributable to noncontrolling interests	—			—			—		60			—			60
Comprehensive income (loss) attributable to Aptiv	$	1,075		$	1,102		$	226	$	1,571		$	(2,899	)	$	1,075

Schedule of Condensed Balance Sheet

Balance Sheet as of December 31, 2018



	Parent		Subsidiary Guarantors		Subsidiary Issuer/Guarantor		Non-Guarantor Subsidiaries		Eliminations			Consolidated
	(in millions)
ASSETS
Current assets:
Cash and cash equivalents	$	1	$	—	$	—	$	566	$	—		$	567
Restricted cash	—		—		—		1		—			1
Accounts receivable, net	—		—		—		2,487		—			2,487
Intercompany receivables, current	54		16		3,114		4,201		(7,385		)	—
Inventories	—		—		—		1,277		—			1,277
Other current assets	—		—		—		445		—			445
Total current assets	55		16		3,114		8,977		(7,385		)	4,777
Long-term assets:
Intercompany receivables, long-term	—		—		768		1,424		(2,192		)	—
Property, net	—		—		—		3,179		—			3,179
Investments in affiliates	—		—		—		99		—			99
Investments in subsidiaries	7,392		7,860		1,156		—		(16,408		)	—
Intangible assets, net	—		—		—		3,904		—			3,904
Other long-term assets	—		—		6		515		—			521
Total long-term assets	7,392		7,860		1,930		9,121		(18,600		)	7,703
Total assets	$	7,447	$	7,876	$	5,044	$	18,098	$	(25,985	)	$	12,480
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Short-term debt	$	—	$	—	$	25	$	281	$	—		$	306
Accounts payable	2		—		—		2,332		—			2,334
Intercompany payables, current	791		4,479		2,115		—		(7,385		)	—
Accrued liabilities	31		—		11		1,012		—			1,054
Total current liabilities	824		4,479		2,151		3,625		(7,385		)	3,694
Long-term liabilities:
Long-term debt	2,953		—		1,055		30		—			4,038
Intercompany payables, long-term	—		—		1,296		896		(2,192		)	—
Pension benefit obligations	—		—		—		445		—			445
Other long-term liabilities	—		—		—		633		—			633
Total long-term liabilities	2,953		—		2,351		2,004		(2,192		)	5,116
Total liabilities	3,777		4,479		4,502		5,629		(9,577		)	8,810
Total Aptiv shareholders’ equity	3,670		3,397		542		12,258		(16,408		)	3,459
Noncontrolling interest	—		—		—		211		—			211
Total shareholders’ equity	3,670		3,397		542		12,469		(16,408		)	3,670
Total liabilities and shareholders’ equity	$	7,447	$	7,876	$	5,044	$	18,098	$	(25,985	)	$	12,480

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		11,269		1,925			—		(25,181		)	—
Intangible assets, net	—		—		—			3,163		—			3,163
Other long-term assets	60		—		8			402		—			470
Total long-term assets	12,047		11,269		2,701			7,826		(27,315		)	6,528
Total assets	$	12,098	$	11,285	$	2,783		$	23,333	$	(37,330	)	$	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		9,549		(647		)	16,279		(25,181		)	3,299
Noncontrolling interest	—		—		—			218		—			218
Total shareholders’ equity	3,299		9,549		(647		)	16,497		(25,181		)	3,517
Total liabilities and shareholders’ equity	$	12,098	$	11,285	$	2,783		$	23,333	$	(37,330	)	$	12,169

Schedule of Condensed Cash Flow Statement

Statement of Cash Flows for the Year Ended December 31, 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	$	(170	)	$	—		$	—	$	1,810		$	—		$	1,640
Net cash used in operating activities from discontinued operations	—			—			—		(12		)	—			(12		)
Net cash (used in) provided by operating activities	(170		)	—			—		1,798			—			1,628
Cash flows from investing activities:
Capital expenditures	—			—			—		(846		)	—			(846		)
Proceeds from sale of property / investments	—			—			—		13			—			13
Cost of business acquisitions, net of cash acquired	—			—			—		(1,197		)	—			(1,197		)
Cost of technology investments	—			—			—		(16		)	—			(16		)
Return of investment from subsidiaries	5,879			4,971			—		—			(10,850		)	—
Settlement of derivatives	—			—			—		(2		)	—			(2		)
Loans to affiliates	—			—			—		(3,629		)	3,629			—
Repayments of loans from affiliates	—			—			—		7,598			(7,598		)	—
Investments in subsidiaries	(100		)	—			—		—			100			—
Net cash provided by (used in) investing activities from continuing operations	5,779			4,971			—		1,921			(14,719		)	(2,048		)
Net cash used in investing activities from discontinued operations	—			—			—		—			—			—
Net cash provided by (used in) investing activities	5,779			4,971			—		1,921			(14,719		)	(2,048		)
Cash flows from financing activities:
Net proceeds under other short-term debt agreements	—			—			—		255			—			255
Contingent consideration and deferred acquisition purchase price payments	—			—			—		(13		)	—			(13		)
Dividend payments of consolidated affiliates to minority shareholders	—			—			—		(30		)	—			(30		)
Proceeds from borrowings from affiliates	1,002			2,627			—		—			(3,629		)	—
Payments on borrowings from affiliates	(5,879		)	(1,719		)	—		—			7,598			—
Investment from parent	—			—			—		100			(100		)	—
Dividends paid to affiliates	—			(5,879		)	—		(4,971		)	10,850			—
Repurchase of ordinary shares	(499		)	—			—		—			—			(499		)
Distribution of cash dividends	(233		)	—			—		—			—			(233		)
Taxes withheld and paid on employees’ restricted share awards	—			—			—		(35		)	—			(35		)
Net cash (used in) provided by financing activities	(5,609		)	(4,971		)	—		(4,694		)	14,719			(555		)
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash	—			—			—		(54		)	—			(54		)
Decrease in cash, cash equivalents and restricted cash	—			—			—		(1,029		)	—			(1,029		)
Cash, cash equivalents and restricted cash at beginning of year	1			—			—		1,596			—			1,597
Cash, cash equivalents and restricted cash at end of year	$	1		$	—		$	—	$	567		$	—		$	568
Cash, cash equivalents and restricted cash of discontinued operations	$	—		$	—		$	—	$	—		$	—		$	—
Cash, cash equivalents and restricted cash of continuing operations	$	1		$	—		$	—	$	567		$	—		$	568

Statement of Cash Flows for the Year Ended December 31, 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	$	(93	)	$	(184	)	$	—	$	1,383		$	—		$	1,106
Net cash provided by operating activities from discontinued operations	—			—			—		362			—			362
Net cash (used in) provided by operating activities	(93		)	(184		)	—		1,745			—			1,468
Cash flows from investing activities:
Capital expenditures	—			—			—		(698		)	—			(698		)
Proceeds from sale of property / investments	—			—			—		7			—			7
Cost of business acquisitions, net of cash acquired	—			—			—		(324		)	—			(324		)
Cost of technology investments	—			—			—		(50		)	—			(50		)
Settlement of derivatives	—			—			—		(28		)	—			(28		)
Loans to affiliates	—			(126		)	—		(986		)	1,112			—
Repayments of loans from affiliates	—			—			—		1,345			(1,345		)	—
Net cash used in investing activities from continuing operations	—			(126		)	—		(734		)	(233		)	(1,093		)
Net cash used in investing activities from discontinued operations	—			—			—		(159		)	—			(159		)
Net cash used in investing activities	—			(126		)	—		(893		)	(233		)	(1,252		)
Cash flows from financing activities:
Net repayments under other short-term debt agreements	—			—			—		(17		)	—			(17		)
Contingent consideration and deferred acquisition purchase price payments	—			—			—		(24		)	—			(24		)
Dividend payments of consolidated affiliates to minority shareholders	—			—			—		(38		)	—			(38		)
Proceeds from issuance of senior notes, net of issuance costs	—			—			—		796			—			796
Proceeds from borrowings from affiliates	802			310			—		—			(1,112		)	—
Payments on borrowings from affiliates	(1,345		)	—			—		—			1,345			—
Repurchase of ordinary shares	(383		)	—			—		—			—			(383		)
Distribution of cash dividends	(310		)	—			—		—			—			(310		)
Dividend received from spin-off of Delphi Technologies	1,148			—			—		—			—			1,148
Cash transferred from Delphi Technologies related to spin-off	180			—			—		—			—			180
Cash transferred to Delphi Technologies related to spin-off	—			—			—		(863		)	—			(863		)
Taxes withheld and paid on employees’ restricted share awards	—			—			—		(33		)	—			(33		)
Net cash provided by (used in) financing activities	92			310			—		(179		)	233			456
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash	—			—			—		86			—			86
(Decrease) increase in cash, cash equivalents and restricted cash	(1		)	—			—		759			—			758
Cash, cash equivalents and restricted cash at beginning of year	2			—			—		837			—			839
Cash, cash equivalents and restricted cash at end of year	$	1		$	—		$	—	$	1,596		$	—		$	1,597
Cash, cash equivalents and restricted cash of discontinued operations	$	—		$	—		$	—	$	—		$	—		$	—
Cash, cash equivalents and restricted cash of continuing operations	$	1		$	—		$	—	$	1,596		$	—		$	1,597

Statement of Cash Flows for the Year Ended December 31, 2016



	Parent			Subsidiary Guarantors			Subsidiary Issuer/Guarantor			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(in millions)
Net cash (used in) provided by operating activities from continuing operations	$	(141	)	$	125		$	—		$	1,510		$	—		$	1,494
Net cash provided by operating activities from discontinued operations	—			—			—			447			—			447
Net cash (used in) provided by operating activities	(141		)	125			—			1,957			—			1,941
Cash flows from investing activities:
Capital expenditures	—			—			—			(657		)	—			(657		)
Proceeds from sale of property / investments	—			—			—			19			—			19
Net proceeds from divestiture of discontinued operations	—			—			—			48			—			48
Proceeds from business divestitures	—			—			—			197			—			197
Cost of business acquisitions, net of cash acquired	—			—			(15		)	—			—			(15		)
Cost of technology investments	—			—			(3		)	—			—			(3		)
Settlement of derivatives	—			—			—			(1		)	—			(1		)
Loans to affiliates	—			(979		)	—			(1,346		)	2,325			—
Repayments of loans from affiliates	—			—			—			353			(353		)	—
Investments in subsidiaries	(854		)	—			(350		)	—			1,204			—
Net cash (used in) provided by investing activities from continuing operations	(854		)	(979		)	(368		)	(1,387		)	3,176			(412		)
Net cash used in investing activities from discontinued operations	—			—			—			(166		)	—			(166		)
Net cash (used in) provided by investing activities	(854		)	(979		)	(368		)	(1,553		)	3,176			(578		)
Cash flows from financing activities:
Net repayments under other short-term debt agreements	—			—			—			(34		)	—			(34		)
Repayment of senior notes	—			—			(862		)	—			—			(862		)
Proceeds from issuance of senior notes, net of issuance costs	852			—			—			—			—			852
Contingent consideration and deferred acquisition purchase price payments	—			—			—			(4		)	—			(4		)
Dividend payments of consolidated affiliates to minority shareholders	—			—			—			(42		)	—			(42		)
Proceeds from borrowings from affiliates	1,095			—			1,230			—			(2,325		)	—
Payments on borrowings from affiliates	(353		)	—			—			—			353			—
Investment from parent	350			854			—			—			(1,204		)	—
Repurchase of ordinary shares	(634		)	—			—			—			—			(634		)
Distribution of cash dividends	(317		)	—			—			—			—			(317		)
Taxes withheld and paid on employees’ restricted share awards	—			—			—			(40		)	—			(40		)
Net cash provided by (used in) financing activities	993			854			368			(120		)	(3,176		)	(1,081		)
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash	—			—			—			(23		)	—			(23		)
(Decrease) increase in cash, cash equivalents and restricted cash	(2		)	—			—			261			—			259
Cash, cash equivalents and restricted cash at beginning of year	4			—			—			576			—			580
Cash, cash equivalents and restricted cash at end of year	$	2		$	—		$	—		$	837		$	—		$	839
Cash, cash equivalents and restricted cash of discontinued operations	$	—		$	—		$	—		$	101		$	—		$	101
Cash, cash equivalents and restricted cash of continuing operations	$	2		$	—		$	—		$	736		$	—		$	738