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Restructuring | 3 Months Ended
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Mar. 31, 2016
Restructuring and Related Activities [Abstract] |
Restructuring | Restructuring In the fourth quarter of 2013, the Company initiated actions primarily in the Drivetrain segment designed to improve future profitability and competitiveness. As a continuation of these actions, the Company finalized severance agreements with three labor unions at separate facilities in Western Europe for approximately 450 employees. The Company recorded restructuring expense related to these facilities of $1.2 million and $7.3 million for the three months ended March 31, 2016 and 2015, respectively. Included in this restructuring expense are employee termination benefits of $1.2 million and $6.4 million for the three months ended March 31, 2016 and 2015, respectively. Additionally, the Company recorded other restructuring expense of $0.9 million for the three months ended March 31, 2015. In the second quarter of 2014, the Company initiated actions to improve the future profitability and competitiveness of Gustav Wahler GmbH u. Co. KG and its general partner ("Wahler"). The Company recorded restructuring expense related to Wahler of $1.6 million and $0.9 million for the three months ended March 31, 2016 and 2015, respectively. These restructuring expenses are primarily related to employee termination benefits. In the fourth quarter of 2015, the Company acquired 100% of the equity interests in Remy. As a result of actions following this transaction, the Company recorded employee termination benefits of $1.1 million in the first quarter of 2016, primarily related to contractually required severance associated with Remy executive officers. Cash payments for these restructuring activities are expected to be complete by the end of 2016. The Company recorded restructuring expense of $2.7 million for the three months ended March 31, 2015 related to a global realignment plan intended to enhance treasury management flexibility by creating a legal entity structure that better aligns with the Company's business strategy. Estimates of restructuring expense are based on information available at the time such charges are recorded. Due to the inherent uncertainty involved in estimating restructuring expenses, actual amounts paid for such activities may differ from amounts initially recorded. Accordingly, the Company may record revisions of previous estimates by adjusting previously established accruals. The following tables display a rollforward of the severance accruals recorded within the Company's Condensed Consolidated Balance Sheet and the related cash flow activity for the three months ended March 31, 2016 and 2015:
|  | Severance Accruals
(in millions) |  | Drivetrain |  | Engine |  | Total
Balance at December 31, 2015 |  | $ | 25.3 |  |  | $ | 4.1 |  |  | $ | 29.4 |
Provision |  | 2.3 |  |  | 1.0 |  |  | 3.3 |
Cash payments |  | (17.3 | ) |  | (2.3 | ) |  | (19.6 | )
Translation adjustment |  | 0.7 |  |  | 0.2 |  |  | 0.9 |
Balance at March 31, 2016 |  | $ | 11.0 |  |  | $ | 3.0 |  |  | $ | 14.0 |
|  | Severance Accruals
(in millions) |  | Drivetrain |  | Engine |  | Total
Balance at December 31, 2014 |  | $ | 41.9 |  |  | $ | 2.0 |  |  | $ | 43.9 |
Provision |  | 7.4 |  |  | 0.4 |  |  | 7.8 |
Cash payments |  | (10.7 | ) |  | (0.9 | ) |  | (11.6 | )
Translation adjustment |  | (4.7 | ) |  | (0.2 | ) |  | (4.9 | )
Balance at March 31, 2015 |  | $ | 33.9 |  |  | $ | 1.3 |  |  | $ | 35.2 |

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140904-122747 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140864-122747 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 + Details
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