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RESTRUCTURING | 6 Months Ended
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Jun. 30, 2021
Restructuring and Related Activities [Abstract] |
RESTRUCTURING | RESTRUCTURING The Company’s restructuring activities are undertaken, as necessary, to execute management’s strategy and streamline operations, consolidate and take advantage of available capacity and resources, and ultimately achieve net cost reductions. Restructuring activities include efforts to integrate and rationalize the Company’s business and to relocate operations to best cost locations. The Company’s restructuring expenses consist primarily of employee termination benefits (principally severance and/or termination benefits) and other costs, which are primarily professional fees and costs related to facility closures and exits.
| Three Months Ended June 30, 2021
(in millions | Air Management |  | e-Propulsion & Drivetrain |  | Fuel Injection |  | Corporate |  | Total
Employee termination benefits | $ | 9 |  |  | $ | 3 |  |  | $ | 24 |  |  | $ | — |  |  | $ | 36 |
Other | 3 |  |  | 20 |  |  | — |  |  | 3 |  |  | 26 |
Total restructuring expense | $ | 12 |  |  | $ | 23 |  |  | $ | 24 |  |  | $ | 3 |  |  | $ | 62 |
| Three Months Ended June 30, 2020
| Air Management |  | e-Propulsion & Drivetrain |  | Fuel Injection |  | Corporate |  | Total
Employee termination benefits | $ | 11 |  |  | $ | 17 |  |  | $ | — |  |  | $ | — |  |  | $ | 28 |
Other | 5 |  |  | 4 |  |  | — |  |  | — |  |  | 9 |
Total restructuring expense | $ | 16 |  |  | $ | 21 |  |  | $ | — |  |  | $ | — |  |  | $ | 37 |
| Six Months Ended June 30, 2021
| Air Management |  | e-Propulsion & Drivetrain |  | Fuel Injection |  | Corporate |  | Total
Employee termination benefits | $ | 23 |  |  | $ | 7 |  |  | $ | 27 |  |  | $ | — |  |  | $ | 57 |
Other | 6 |  |  | 26 |  |  | — |  |  | 3 |  |  | 35 |
Total restructuring expense | $ | 29 |  |  | $ | 33 |  |  | $ | 27 |  |  | $ | 3 |  |  | $ | 92 |
| Six Months Ended June 30, 2020
| Air Management |  | e-Propulsion & Drivetrain |  | Fuel Injection |  | Corporate |  | Total
Employee termination benefits | $ | 22 |  |  | $ | 18 |  |  | $ | — |  |  | $ | — |  |  | $ | 40 |
Other | 7 |  |  | 5 |  |  | — |  |  | — |  |  | 12 |
Total restructuring expense | $ | 29 |  |  | $ | 23 |  |  | $ | — |  |  | $ | — |  |  | $ | 52 |
The following tables display a rollforward of the restructuring liability recorded within the Company’s Condensed Consolidated Balance Sheets and the related cash flow activity:
(in millions | Employee Benefit Terminations |  | Other |  | Total
Balance at January 1, 2021 | $ | 160 |  |  | $ | 13 |  |  | $ | 173 |
Restructuring expense, net | 57 |  |  | 35 |  |  | 92 |
Cash payments | (82) |  |  | (39) |  |  | (121) |
Foreign currency translation adjustment | (1) |  |  | 1 |  |  | — |
Balance at June 30, 2021 | 134 |  |  | 10 |  |  | 144 |
Less: Non-current restructuring liability | 37 |  |  | 3 |  |  | 40 |
Current restructuring liability at June 30, 2021 | $ | 97 |  |  | $ | 7 |  |  | $ | 104 |
| Employee Benefit Terminations |  | Other |  | Total
Balance at January 1, 2020 | $ | 34 |  |  | $ | — |  |  | $ | 34 |
Restructuring expense, net | 40 |  |  | 12 |  |  | 52 |
Cash payments | (28) |  |  | (2) |  |  | (30) |
Balance at June 30, 2020 | 46 |  |  | 10 |  |  | 56 |
Less: Non-current restructuring liability | 13 |  |  | — |  |  | 13 |
Current restructuring liability at June 30, 2020 | $ | 33 |  |  | $ | 10 |  |  | $ | 43 |
In February 2020, the Company announced a restructuring plan to address existing structural costs. During the three and six months ended June 30, 2021, the Company recorded $37 million and $61 million of restructuring charges related to this plan, respectively. During the three and six months ended June 30, 2020, the Company recorded $37 million and $52 million of restructuring charges related to this plan, respectively. Cumulatively, the Company has incurred $209 million of restructuring charges related to this plan. This plan is expected to result in a total of $300 million of restructuring costs through 2022. Nearly all of the restructuring charges associated with this plan are expected to be cash expenditures. In 2019, legacy Delphi Technologies announced a restructuring plan to reshape and realign its global technical center footprint and reduce salaried and contract staff. The Company continued actions under this program post-acquisition and has recorded cumulative charges of $33 million since October 1, 2020, including approximately $31 million in restructuring charges during the six months ended June 30, 2021. Although a majority of the actions under this program have been completed, the Company does expect additional charges, which could be significant, for actions subject to negotiations with employee works council and other employee representatives. During the three and six months ended June 30, 2021 and 2020, the Company incurred restructuring expenses primarily related to the following actions, related to the two plans discussed above: Air Management •During the three and six months ended June 30, 2021, the segment recorded $12 million and $27 million of restructuring cost, respectively, primarily related to severance costs, professional fees and a voluntary termination program to reduce existing structural costs. •During the six months ended June 30, 2021, the segment recorded $2 million primarily related to severance costs under a legacy Delphi Technologies restructuring plan to realign its global technical center footprint and implement headcount reductions. •During the three and six months ended June 30, 2020, the segment recorded $16 million and $29 million of restructuring costs, respectively, of which $5 million and $13 million related to a voluntary termination program where approximately 350 employees accepted termination packages and $7 million and $12 million related to severance costs and professional fees for specific actions to reduce structural costs. During the three and six months ended June 30, 2020, the segment also recorded $3 million of employee termination benefits related to the announced closure of a facility in Europe affecting approximately 200 employees. e-Propulsion & Drivetrain •During the three and six months ended June 30, 2021, the segment recorded $5 million and $10 million, respectively, primarily related to severance costs, equipment relocation and professional fees to reduce existing structural costs. During the three and six months ended June 30, 2021, the segment recorded $19 million and $23 million related to contractual settlements, professional fees and other costs associated with the announced closure of a facility in Europe. •During the three and six months ended June 30, 2020, the segment recorded $3 million and $5 million, respectively, primarily related to professional fees for actions to reduce structural costs and severance costs. During the three and six months ended June 30, 2020, the segment also recorded $17 million of employee termination benefits related to the announced closure of a facility in Europe affecting approximately 350 employees. Fuel Injection •During the three and six months ended June 30, 2021, the segment recorded $24 million and $27 million, respectively, primarily related to severance costs under a legacy Delphi Technologies restructuring plan to realign its global technical center footprint and implement headcount reductions. These benefits are subject to negotiation with labor unions, which could result in additional restructuring expenses. 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 Company continues to evaluate different options across its operations to reduce existing structural costs over the next few years. The Company will recognize restructuring expense associated with any future actions at the time they are approved and become probable or are incurred. Any future actions could result in significant restructuring expense.

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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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
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