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Restructuring (Tables)

12 Months Ended

Dec. 31, 2022

Restructuring and Related Activities [Abstract]

Summary of Restructuring Activity

(5) Restructuring

Charges recorded in connection with the Company's restructuring actions are shown below (in millions):

For the year ended December 31,			2022						2021						2020
Employee termination benefits			$	121.9					$	85.1					$	104.2
Asset impairments -
Property, plant and equipment			9.9						4.2						21.3
Right-of-use assets			6.5						7.2						2.0
Contract termination costs			4.5						0.3						14.9
Other related costs			11.4						4.1						2.5
			$	154.2					$	100.9					$	144.9

Restructuring charges by income statement account are shown below (in millions):

For the year ended December 31,			2022						2021						2020
Cost of sales			$	129.7					$	75.6					$	122.3
Selling, general and administrative expenses			24.5						32.0						16.4
Other (income) expense, net			—						(6.7)						6.2
			$	154.2					$	100.9					$	144.9

Restructuring charges by operating segment are shown below (in millions):

For the year ended December 31,			2022						2021						2020
Seating			$	65.3					$	45.7					$	73.7
E-Systems			82.8						47.7						56.7
Other			6.1						7.5						14.5
			$	154.2					$	100.9					$	144.9

A summary of the changes in the Company's restructuring reserves is shown below (in millions):

			2022						2021
Balance as of January 1,			$	129.4					$	139.0
Provision for employee termination benefits			121.9						85.1
Payments, utilizations and foreign currency			(168.4)						(94.7)
Balance as of December 31,			$	82.9					$	129.4

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- References

No definition available.

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- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4(b)(2))
-URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747

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