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Segment Reporting
 9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Segment Reporting SEGMENT REPORTING
Aptiv operates its core business along the following operating segments, which are grouped on the basis of similar product, market and operating factors:
•Signal and Power Solutions, which includes complete electrical architecture and component products.
•Advanced Safety and User Experience, which includes vehicle technology and systems integration expertise in advanced safety, user experience and connectivity and security solutions, as well as advanced software development and autonomous driving technologies.
•Eliminations and Other, which includes i) the elimination of inter-segment transactions, and ii) certain other expenses and income of a non-operating or strategic nature.
The accounting policies of the segments are the same as those described in Note 2. Significant Accounting Policies, except that the disaggregated financial results for the segments have been prepared using a management approach, which is consistent with the basis and manner in which management internally disaggregates financial information for which Aptiv’s chief operating decision maker regularly reviews financial results to assess performance of, and make internal operating decisions about allocating resources to, the segments.
Generally, Aptiv evaluates segment performance based on stand-alone segment net income before interest expense, other income (expense), net, income tax (expense) benefit, equity income (loss), net of tax, 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 and other related charges and gains (losses) on business divestitures and other transactions (“Adjusted Operating Income”) and accounts for inter-segment sales and transfers as if the sales or transfers were to third parties, at current market prices.
Effective on January 1, 2022, the Company now excludes amortization expense of intangible assets from the calculation of Adjusted Operating Income, as reflected in the definition above. The Company’s management believes that the updated calculation of this non-GAAP financial measure will be more useful to both management and investors in their analysis of the Company’s results of operations due to recent and pending acquisitions. Amortization of intangible assets generally results from a write-up in the value of assets in connection with an acquisition. The Company believes that exclusion of amortization expense will facilitate more comparable operating results of the Company over time, between periods when the Company is more or less acquisitive and allows for improved comparison with both acquisitive and non-acquisitive peer companies. The historical presentation of Adjusted Operating Income in the tables below has been revised to be consistent with this updated calculation.
Aptiv’s management utilizes Adjusted Operating Income as the key performance measure of segment income or loss to evaluate segment performance, and for planning and forecasting purposes to allocate resources to the segments, as management believes this measure is most reflective of the operational profitability or loss of Aptiv’s operating segments. Segment Adjusted Operating Income should not be considered a substitute for results prepared in accordance with U.S. GAAP and should not be considered an alternative to net income attributable to Aptiv, which is the most directly comparable financial measure to Adjusted Operating Income that is prepared in accordance with U.S. GAAP. Segment Adjusted Operating Income, as determined and measured by Aptiv, should also not be compared to similarly titled measures reported by other companies.
Included below are sales and operating data for Aptiv’s segments for the three and nine months ended September 30, 2022 and 2021.
Signal and Power SolutionsAdvanced Safety and User ExperienceEliminations and Other (1)Total
 (in millions)
For the Three Months Ended September 30, 2022:
Net sales$3,424 $1,199 $(9)$4,614 
Depreciation and amortization$147 $43 $— $190 
Adjusted operating income$444 $81 $— $525 
Operating income$403 $67 $— $470 
Equity income (loss), net of tax$7 $(74)$— $(67)
Net income attributable to noncontrolling interest$5 $— $— $5 
Signal and Power SolutionsAdvanced Safety and User ExperienceEliminations and Other (1)Total
 (in millions)
For the Three Months Ended September 30, 2021:
Net sales$2,705 $959 $(10)$3,654 
Depreciation and amortization$149 $44 $— $193 
Adjusted operating income (2)$234 $22 $— $256 
Operating income$200 $15 $— $215 
Equity income (loss), net of tax$5 $(56)$— $(51)
Net income attributable to noncontrolling interest
$3 $— $— $3 
Signal and Power SolutionsAdvanced Safety and User ExperienceEliminations and Other (1)Total
 (in millions)
For the Nine Months Ended September 30, 2022:
Net sales$9,569 $3,307 $(27)$12,849 
Depreciation and amortization$441 $133 $— $574 
Adjusted operating income$995 $67 $— $1,062 
Operating income$796 $27 $— $823 
Equity income (loss), net of tax$15 $(217)$— $(202)
Net loss attributable to noncontrolling interest$(21)$— $— $(21)
Signal and Power SolutionsAdvanced Safety and User ExperienceEliminations and Other (1)Total
 (in millions)
For the Nine Months Ended September 30, 2021:
Net sales$8,573 $2,940 $(29)$11,484 
Depreciation and amortization$451 $132 $— $583 
Adjusted operating income (2)$953 $115 $— $1,068 
Operating income$837 $92 $— $929 
Equity income (loss), net of tax$10 $(156)$— $(146)
Net income attributable to noncontrolling interest$11 $— $— $11 
(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.
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 and other related charges and gains (losses) on business divestitures and other transactions. The reconciliations of Adjusted Operating Income to net income attributable to Aptiv for the three and nine months ended September 30, 2022 and 2021 are as follows:
Signal and Power SolutionsAdvanced Safety and User ExperienceTotal
 (in millions)
For the Three Months Ended September 30, 2022:
Adjusted operating income$444 $81 $525 
Amortization(35)(2)(37)
Restructuring(1)(10)(11)
Other acquisition and portfolio project costs— (2)(2)
Asset impairments(5)— (5)
Operating income$403 $67 470 
Interest expense(58)
Other income, net20 
Income before income taxes and equity loss432 
Income tax expense(59)
Equity loss, net of tax
(67)
Net income306 
Net income attributable to noncontrolling interest5 
Net income attributable to Aptiv$301 
Signal and Power SolutionsAdvanced Safety and User ExperienceTotal
 (in millions)
For the Three Months Ended September 30, 2021:
Adjusted operating income$234 $22 $256 
Amortization(35)(2)(37)
Restructuring4 (5)(1)
Other acquisition and portfolio project costs(3)— (3)
Operating income$200 $15 215 
Interest expense(36)
Other income, net1 
Income before income taxes and equity loss180 
Income tax expense(25)
Equity loss, net of tax(51)
Net income104 
Net income attributable to noncontrolling interest3 
Net income attributable to Aptiv$101 
Signal and Power SolutionsAdvanced Safety and User ExperienceTotal
 (in millions)
For the Nine Months Ended September 30, 2022:
Adjusted operating income$995 $67 $1,062 
Amortization(107)(5)(112)
Restructuring(23)(29)(52)
Other acquisition and portfolio project costs(7)(6)(13)
Asset impairments(8)— (8)
Other charges related to Ukraine/Russia conflict (1)(54)— (54)
Operating income$796 $27 823 
Interest expense(157)
Other expense, net(44)
Income before income taxes and equity loss622 
Income tax expense(96)
Equity loss, net of tax
(202)
Net income324 
Net loss attributable to noncontrolling interest(21)
Net income attributable to Aptiv$345 
(1)Primarily consists of charges related to the designation of our majority owned Russian subsidiary as held for sale as of September 30, 2022. Refer to Note 17. Acquisitions and Divestitures for further information.
Signal and Power SolutionsAdvanced Safety and User ExperienceTotal
 (in millions)
For the Nine Months Ended September 30, 2021:
Adjusted operating income$953 $115 $1,068 
Amortization(106)(5)(111)
Restructuring(5)(16)(21)
Other acquisition and portfolio project costs(5)(2)(7)
Operating income$837 $92 929 
Interest expense(114)
Other income, net2 
Income before income taxes and equity loss817 
Income tax expense(101)
Equity loss, net of tax(146)
Net income570 
Net income attributable to noncontrolling interest11 
Net income attributable to Aptiv$559