A summary of the changes in the Company's restructuring reserves is shown below (in millions): | | | | | | | Balance at January 1, 2026 | $ | 91.0 | | | Provision for employee termination benefits | 61.9 | | | Payments, utilizations and foreign currency | (113.1) | | | Balance at July 4, 2026 | $ | 39.8 | |
Charges recorded in connection with the Company's restructuring actions are shown below (in millions): | | | | | | | | | | | | | Six Months Ended | | July 4,
2026 | | June 28,
2025 | | Employee termination benefits | $ | 61.9 | | | $ | 107.7 | | | Asset impairments: | | | | | Property, plant and equipment | 2.3 | | | 3.9 | | | Right-of-use assets | — | | | 0.1 | | | Contract termination (credits) costs | (0.2) | | | 2.4 | | | Other related costs | 5.0 | | | 3.7 | | | $ | 69.0 | | | $ | 117.8 | |
Restructuring charges by income statement account are shown below (in millions): | | | | | | | | | | | | | Six Months Ended | | July 4,
2026 | | June 28,
2025 | | Cost of sales | $ | 57.3 | | | $ | 104.3 | | | Selling, general and administrative expenses | 13.3 | | | 15.0 | | | Other income, net | (1.6) | | | (1.5) | | | $ | 69.0 | | | $ | 117.8 | |
Restructuring charges by operating segment are shown below (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | July 4,
2026 | | June 28,
2025 | | July 4,
2026 | | June 28,
2025 | | Seating | $ | 20.6 | | | $ | 15.1 | | | $ | 46.9 | | | $ | 76.3 | | | E-Systems | 5.2 | | | 17.4 | | | 17.6 | | | 33.7 | | | Other | 1.1 | | | 1.7 | | | 4.5 | | | 7.8 | | | $ | 26.9 | | | $ | 34.2 | | | $ | 69.0 | | | $ | 117.8 | |
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