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v3.22.1

Segment Reporting (Tables) | 3 Months Ended
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Mar. 31, 2022
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Included below are sales and operating data for Aptiv’s segments for the three months ended March 31, 2022 and 2021.
| Signal and Power Solutions |  |  |  | Advanced Safety and User Experience |  | Eliminations and Other (1) |  | Total
| (in millions)
For the Three Months Ended March 31, 2022: |  |  |  |  |  |  |  |  |
Net sales | $ | 3,106 |  |  |  |  | $ | 1,082 |  |  | $ | (10) |  |  | $ | 4,178 |
Depreciation and amortization | $ | 146 |  |  |  |  | $ | 45 |  |  | $ | — |  |  | $ | 191 |
Adjusted operating income | $ | 308 |  |  |  |  | $ | 16 |  |  | $ | — |  |  | $ | 324 |
Operating income (loss) | $ | 257 |  |  |  |  | $ | (1) |  |  | $ | — |  |  | $ | 256 |
Equity income (loss), net of tax | $ | 4 |  |  |  |  | $ | (67) |  |  | $ | — |  |  | $ | (63) |
Net income attributable to noncontrolling interest | $ | 1 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | 1 |
| Signal and Power Solutions |  |  |  | Advanced Safety and User Experience |  | Eliminations and Other (1) |  | Total
| (in millions)
For the Three Months Ended March 31, 2021: |  |  |  |  |  |  |  |  |
Net sales | $ | 3,022 |  |  |  |  | $ | 1,011 |  |  | $ | (10) |  |  | $ | 4,023 |
Depreciation and amortization | $ | 149 |  |  |  |  | $ | 44 |  |  | $ | — |  |  | $ | 193 |
Adjusted operating income (2) | $ | 406 |  |  |  |  | $ | 68 |  |  | $ | — |  |  | $ | 474 |
Operating income | $ | 372 |  |  |  |  | $ | 57 |  |  | $ | — |  |  | $ | 429 |
Equity income (loss), net of tax | $ | 3 |  |  |  |  | $ | (45) |  |  | $ | — |  |  | $ | (42) |
Net income attributable to noncontrolling interest | $ | 5 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | 5 |
(1)Eliminations and Other includes the elimination of inter-segment transactions. (2)As described above, the calculation of adjusted operating income now excludes amortization expense. The historical presentation of adjusted operating income as shown in this table has been revised to be consistent with the updated calculation.
Reconciliation of Segment Adjusted OI to Consolidated Net Income | The reconciliation of Adjusted Operating Income to operating income includes, as applicable, amortization, restructuring, other acquisition and portfolio project costs (which includes costs incurred to integrate acquired businesses and to plan and execute product portfolio transformation actions, including business and product acquisitions and divestitures), asset impairments, gains (losses) on business divestitures and other transactions and deferred compensation related to acquisitions. The reconciliations of Adjusted Operating Income to net income attributable to Aptiv for the three months ended March 31, 2022 and 2021 are as follows:
| Signal and Power Solutions |  |  |  | Advanced Safety and User Experience |  |  |  | Total
| (in millions)
For the Three Months Ended March 31, 2022: |  |  |  |  |  |  |  |  |
Adjusted operating income | $ | 308 |  |  |  |  | $ | 16 |  |  |  |  | $ | 324 |
Amortization | (35) |  |  |  |  | (2) |  |  |  |  | (37) |
Restructuring | (9) |  |  |  |  | (13) |  |  |  |  | (22) |
Other acquisition and portfolio project costs | (7) |  |  |  |  | (2) |  |  |  |  | (9) |
Operating income (loss) | $ | 257 |  |  |  |  | $ | (1) |  |  |  |  | 256 |
Interest expense |  |  |  |  |  |  |  |  | (43) |
Other expense, net |  |  |  |  |  |  |  |  | (39) |
Income before income taxes and equity loss |  |  |  |  |  |  |  |  | 174 |
Income tax expense |  |  |  |  |  |  |  |  | (21) |
Equity loss, net of tax |  |  |  |  |  |  |  |  | (63) |
Net income |  |  |  |  |  |  |  |  | 90 |
Net income attributable to noncontrolling interest |  |  |  |  |  |  |  |  | 1 |
Net income attributable to Aptiv |  |  |  |  |  |  |  |  | $ | 89 |
| Signal and Power Solutions |  |  |  | Advanced Safety and User Experience |  |  |  | Total
| (in millions)
For the Three Months Ended March 31, 2021: |  |  |  |  |  |  |  |  |
Adjusted operating income | $ | 406 |  |  |  |  | $ | 68 |  |  |  |  | $ | 474 |
Amortization | (35) |  |  |  |  | (2) |  |  |  |  | (37) |
Restructuring | 2 |  |  |  |  | (8) |  |  |  |  | (6) |
Other acquisition and portfolio project costs | (1) |  |  |  |  | (1) |  |  |  |  | (2) |
Operating income | $ | 372 |  |  |  |  | $ | 57 |  |  |  |  | 429 |
Interest expense |  |  |  |  |  |  |  |  | (40) |
Other income, net |  |  |  |  |  |  |  |  | 1 |
Income before income taxes and equity loss |  |  |  |  |  |  |  |  | 390 |
Income tax expense |  |  |  |  |  |  |  |  | (48) |
Equity loss, net of tax |  |  |  |  |  |  |  |  | (42) |
Net income |  |  |  |  |  |  |  |  | 300 |
Net income attributable to noncontrolling interest |  |  |  |  |  |  |  |  | 5 |
Net income attributable to Aptiv |  |  |  |  |  |  |  |  | $ | 295 |

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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