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Changes in Accumulated Other Comprehensive Income
3 Months Ended
Mar. 31, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Changes in Accumulated Other Comprehensive Income CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
The changes in accumulated other comprehensive income (loss) attributable to Aptiv (net of tax) for the three months ended March 31, 2022 and 2021 are shown below:
Three Months Ended March 31,
20222021
(in millions)
Foreign currency translation adjustments:
Balance at beginning of period
$(588)$(445)
Aggregate adjustment for the period (1)
(32)(91)
Balance at end of period
(620)(536)
Gains (losses) on derivatives:
Balance at beginning of period
(17)40 
Other comprehensive income before reclassifications (nil net tax effect for all periods presented)48 12 
Reclassification to income (nil net tax effect for all periods presented)(11)(19)
Balance at end of period20 33 
Pension and postretirement plans:
Balance at beginning of period(67)(140)
Other comprehensive income before reclassifications (net tax effect of $1 and $2)
Reclassification to income (net tax effect of $2 and $1)— 
Balance at end of period(65)(133)
Accumulated other comprehensive loss, end of period$(665)$(636)
(1)Includes gains of $29 million and $63 million for the three months ended March 31, 2022 and 2021, respectively, related to non-derivative net investment hedges. Refer to Note 14. Derivatives and Hedging Activities for further description of these hedges.
Reclassifications from accumulated other comprehensive income (loss) to income for the three months ended March 31, 2022 and 2021 were as follows:
Reclassification Out of Accumulated Other Comprehensive Income (Loss)
Details About Accumulated Other Comprehensive Income ComponentsThree Months Ended March 31,Affected Line Item in the Statements of Operations
20222021
(in millions)
Gains (losses) on derivatives:
Commodity derivatives$11 $19 Cost of sales
11 19 Income before income taxes
— — Income tax expense
11 19 Net income
— — Net income attributable to noncontrolling interest
$11 $19 Net income attributable to Aptiv
Pension and postretirement plans:
Actuarial losses$(2)$(5)Other (expense) income, net (1)
(2)(5)Income before income taxes
Income tax expense
— (4)Net income
— — Net income attributable to noncontrolling interest
$— $(4)Net income attributable to Aptiv
Total reclassifications for the period$11 $15 
(1)These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (see Note 9. Pension Benefits for additional details).