XML 43 R29.htm IDEA: XBRL DOCUMENT v3.25.1

Restructuring (Tables)

3 Months Ended

Mar. 29, 2025

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Activity

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

Balance at January 1, 2025			$	100.0
Provision for employee termination benefits			74.8
Payments, utilizations and foreign currency			(64.1)
Balance at March 29, 2025			$	110.7

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

			Three Months Ended
			March 29, 2025						March 30, 2024
Employee termination benefits			$	74.8					$	48.4
Asset impairments:
Property, plant and equipment			2.7						0.2
Right-of-use assets			0.1						—
Contract termination costs			2.0						1.1
Other related costs			4.0						3.9
			$	83.6					$	53.6

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

			Three Months Ended
			March 29, 2025						March 30, 2024
Cost of sales			$	75.4					$	47.6
Selling, general and administrative expenses			7.9						6.0
Other expense, net			0.3						—
			$	83.6					$	53.6

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

			Three Months Ended
			March 29, 2025						March 30, 2024
Seating			$	61.2					$	43.4
E-Systems			16.3						8.4
Other			6.1						1.8
			$	83.6					$	53.6

X

- References

No definition available.

+ Details

Name:	us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4.b.2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

+ Details

Name:	us-gaap_ScheduleOfRestructuringReserveByTypeOfCostTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration