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Debt (Tables)
9 Months Ended
Sep. 30, 2022
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments The following is a summary of debt outstanding, net of unamortized issuance costs and discounts, as of September 30, 2022 and December 31, 2021:
September 30,
2022
December 31,
2021
 (in millions)
2.396%, senior notes, due 2025 (net of $3 and $0 unamortized issuance costs, respectively)$697 $— 
1.50%, Euro-denominated senior notes, due 2025 (net of $1 and $2 unamortized issuance costs and $1 and $1 discount, respectively)679 790 
1.60%, Euro-denominated senior notes, due 2028 (net of $2 and $3 unamortized issuance costs, respectively)484 563 
4.35%, senior notes, due 2029 (net of $2 and $2 unamortized issuance costs, respectively)298 298 
3.25%, senior notes, due 2032 (net of $7 and $0 unamortized issuance costs and $3 and $0 discount, respectively)790 — 
4.40%, senior notes, due 2046 (net of $3 and $3 unamortized issuance costs and $1 and $1 discount, respectively)296 296 
5.40%, senior notes, due 2049 (net of $4 and $4 unamortized issuance costs and $1 and $1 discount, respectively)345 345 
3.10%, senior notes, due 2051 (net of $16 and $17 unamortized issuance costs and $32 and $33 discount, respectively)1,452 1,450 
4.15%, senior notes, due 2052 (net of $11 and $0 unamortized issuance costs and $2 and $0 discount, respectively)987 — 
Tranche A Term Loan, due 2026 (net of $2 and $2 unamortized issuance costs, respectively)309 311 
Finance leases and other15 14 
Total debt6,352 4,067 
Less: current portion(16)(8)
Long-term debt$6,336 $4,059 
Schedule of Interest Rates The Applicable Rates under the Credit Agreement on the specified dates are set forth below:
September 30, 2022December 31, 2021
LIBOR plusABR plusLIBOR plusABR plus
Revolving Credit Facility1.06 %0.06 %1.10 %0.10 %
Tranche A Term Loan1.105 %0.105 %1.125 %0.125 %
Schedule of Line of Credit Facilities As of September 30, 2022, Aptiv selected the one-month LIBOR interest rate option on the Tranche A Term Loan, and the rate effective as of September 30, 2022, as detailed in the table below, was based on the Company’s current credit rating and the Applicable Rate for the Credit Agreement:
Borrowings as of
September 30, 2022Rates effective as of
Applicable Rate(in millions)September 30, 2022
Tranche A Term LoanLIBOR plus 1.105%$311 4.23 %