Stock Repurchase Program, Remaining Authorized Repurchase Amount

[Table of Contents](#i5ec3aabfaa534f9c8fa2d2a5b7677d19_7)  
Weighted Average SharesThe following table illustrates net income per share attributable to ordinary shareholders and the weighted average shares outstanding used in calculating basic and diluted income per share:

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Year Ended December 31, |
|  |  |  |  |  |  | 2021 |  | 2020 |  | 2019 |
|   |  |  |  |  |  | (in millions, except per share data) |
| Numerator, basic: |  |  |  |  |  |  |  |  |  |  |
| Net income attributable to ordinary shareholders |  |  |  |  |  | $ | 527  |  |  | $ | 1,769  |  |  | $ | 990  |  |
| Numerator, diluted: |  |  |  |  |  |  |  |  |  |  |
| Net income attributable to Aptiv |  |  |  |  |  | $ | 590  |  |  | $ | 1,804  |  |  | $ | 990  |  |
|  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |
| MCPS dividends (1) |  |  |  |  |  | (63) |  |  | —  |  |  | —  |  |
| Numerator, diluted |  |  |  |  |  | $ | 527  |  |  | $ | 1,804  |  |  | $ | 990  |  |
| Denominator: |  |  |  |  |  |  |  |  |  |  |
| Weighted average ordinary shares outstanding, basic |  |  |  |  |  | 270.46  |  |  | 263.43  |  |  | 256.81  |  |
| Dilutive shares related to RSUs |  |  |  |  |  | 0.76  |  |  | 0.44  |  |  | 0.58  |  |
| Weighted average MCPS converted shares (1) |  |  |  |  |  | —  |  |  | 6.83  |  |  | —  |  |
| Weighted average ordinary shares outstanding, including dilutive shares |  |  |  |  |  | 271.22  |  |  | 270.70  |  |  | 257.39  |  |
|  |  |  |  |  |  |  |  |  |  |  |
| Net income per share attributable to ordinary shareholders: |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |
| Basic |  |  |  |  |  | $ | 1.95  |  |  | $ | 6.72  |  |  | $ | 3.85  |  |
|  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |
| Diluted |  |  |  |  |  | $ | 1.94  |  |  | $ | 6.66  |  |  | $ | 3.85  |  |

(1)For purposes of calculating net income per share under the if-converted method, the Company has included the impact of the MCPS dividends for the year ended December 31, 2021 as the impact was more dilutive to net income per share than the impact of assuming the conversion of the MCPS into ordinary shares on a weighted average basis. The Company has excluded the impact of the MCPS dividends for the year ended December 31, 2020, as the assumed conversion of the MCPS into ordinary shares on a weighted average basis was more dilutive to net income per share than the impact of the MCPS dividends.Share Repurchase ProgramsIn April 2016, the Board of Directors authorized a share repurchase program of up to $1.5 billion of ordinary shares, which commenced in September 2016. This share repurchase program provides for share purchases in the open market or in privately negotiated transactions, depending on share price, market conditions and other factors, as determined by the Company.There were no shares repurchased during the year ended December 31, 2021. A summary of the ordinary shares repurchased during the years ended December 31, 2020 and 2019 is as follows:

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  | Year Ended December 31, |  |  |
|  |  |  | 2020 |  | 2019 |  |  |
| Total number of shares repurchased |  |  | 1,059,075  |  |  | 5,387,533  |  |  |  |
| Average price paid per share |  |  | $ | 53.73  |  |  | $ | 77.93  |  |  |  |
| Total (in millions) |  |  | $ | 57  |  |  | $ | 420  |  |  |  |

As of December 31, 2021, approximately $13 million of share repurchases remained available under the April 2016 share repurchase program, which is in addition to the share repurchase program of up to $2.0 billion that was previously announced in January 2019. This program, which will commence following the completion of the April 2016 share repurchase program, provides for share purchases in the open market or in privately negotiated transactions, depending on share price, market conditions and other factors, as determined by the Company. All repurchased shares were retired, and are reflected as a reduction of ordinary share capital for the par value of the shares, with the excess applied as reductions to additional paid-in-capital and retained earnings.100
