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 | 107.7 | | | Payments, utilizations and foreign currency | (112.3) | | | Balance at June 28, 2025 | $ | 95.4 | |
Charges recorded in connection with the Company's restructuring actions are shown below (in millions): | | | | | | | | | | | | | Six Months Ended | | June 28,
2025 | | June 29,
2024 | | Employee termination benefits | $ | 107.7 | | | $ | 75.3 | | | Asset impairments: | | | | | Property, plant and equipment | 3.9 | | | 1.5 | | | Right-of-use assets | 0.1 | | | — | | | Contract termination costs | 2.4 | | | 2.1 | | | Other related costs | 3.7 | | | 4.8 | | | $ | 117.8 | | | $ | 83.7 | |
Restructuring charges by income statement line item are shown below (in millions): | | | | | | | | | | | | | Six Months Ended | | June 28,
2025 | | June 29,
2024 | | Cost of sales | $ | 104.3 | | | $ | 75.7 | | | Selling, general and administrative expenses | 15.0 | | | 9.6 | | | Other expense, net | (1.5) | | | (1.6) | | | $ | 117.8 | | | $ | 83.7 | |
Restructuring charges by operating segment are shown below (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | June 28,
2025 | | June 29,
2024 | | June 28,
2025 | | June 29,
2024 | | Seating | $ | 15.1 | | | $ | 19.3 | | | $ | 76.3 | | | $ | 62.7 | | | E-Systems | 17.4 | | | 10.0 | | | 33.7 | | | 18.4 | | | Other | 1.7 | | | 0.8 | | | 7.8 | | | 2.6 | | | $ | 34.2 | | | $ | 30.1 | | | $ | 117.8 | | | $ | 83.7 | |
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