BorgWarner (BWA)

Company ID: 119 | CIK: 0000908255
10-Q view:
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Segments are charted by their disclosed metrics (revenue, segment profit, etc.). Each line is a single segment. Reconciliation/corporate items are excluded. Major customers are shown as a percentage of revenue. Operational KPIs are grouped by metric concept; sub-metrics appear as separate lines.

Geographic Segments

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Business Unit / Product Segments

Major Customers (% of Revenue)

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Operational KPIs

Backlog (backlog)

Annual voluntary employee turnover (churn)

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Asbestos claims received (claims_count)

Common Stockholders (customers)

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Warranty provision rate (defect_rate)

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Employee Engagement Score (engagement)

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Employees (headcount)

Total inventories (inventory_units)

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New business awards (order_book)

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4WD transfer case revenue share (other)

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Acquired business sales contribution (other)

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Acquisition contribution to net sales (other)

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Acquisition sales contribution (other)

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Active Patents (other)

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Active patents (other)

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Active patents and applications (other)

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Adjusted EBIT margin (other)

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Adjusted sales growth (other)

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Aftermarket share of net sales (other)

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Annual voluntary employee turnover (other)

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Annual voluntary turnover (other)

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Annualized restructuring savings (other)

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Asbestos claims outstanding (other)

Asbestos claims pending (other)

Asbestos claims received (other)

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Asbestos claims resolved (other)

Asbestos insurance receivable (other)

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Asbestos insurance recovery asset (other)

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Average inventory turns (other)

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BERU shares owned (other)

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Capital expenditures (other)

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Capital expenditures as a percentage of sales (other)

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Capital expenditures as percent of sales (other)

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Capital expenditures intensity (other)

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Capital expenditures percent of sales (other)

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Capital spending (other)

Cash and cash equivalents (other)

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Cash dividend per share (other)

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Cash held outside U.S. (other)

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Cash held outside US (other)

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Cash held outside United States (other)

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Cash held outside the United States (other)

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Cash held overseas (other)

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Commercial paper outstanding (other)

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Commercial vehicle share of net sales (other)

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Commodity cost impact (other)

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Commodity cost increase (other)

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Commodity cost increase impact (other)

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Common shares outstanding (other)

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Common stock outstanding (other)

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Common stock shares outstanding (other)

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Consolidated gross margin (other)

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Countries of Operation (other)

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Countries of operation (other)

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Countries with operations (other)

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Cumulative restructuring charges (other)

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Customer sponsored R&D (other)

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Customer-Sponsored R&D (other)

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Customer-sponsored R&D (other)

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Debt maturities through 2021 (other)

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Debt to capital ratio (other)

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Drivetrain EBIT margin (other)

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Drivetrain restructuring employees (other)

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EV revenue share of total (other)

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EV-related revenue (other)

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Effective tax rate (other)

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Employees under severance agreements (other)

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Engine EBIT margin (other)

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Environmental Reserve (other)

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Environmental liability reserve (other)

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Environmental remediation accrual (other)

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Environmental remediation reserve (other)

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Environmental remediation sites (other)

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Environmental reserve (other)

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Equity affiliate earnings (other)

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Equity in affiliate earnings (other)

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Equity investee net income (NSK-Warner) (other)

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Equity investee net sales (NSK-Warner) (other)

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European production change (other)

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Fixed-rate debt as percent of net debt (other)

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Fixed-rate debt mix (other)

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Fixed-rate debt percentage (other)

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Fixed-rate debt share (other)

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Fixed-rate net debt share (other)

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Foreign currency impact on net sales (other)

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Foundational Products Revenue (other)

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Foundational products revenue (other)

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Gross R&D expenditures (other)

Gross margin (other)

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Hazardous waste sites (other)

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Honeywell VTG royalty cost (other)

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Honeywell patent license payment (other)

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Hourly voluntary turnover (other)

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ISO 45001 Certified Sites (other)

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ISO 45001 certification (other)

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ISO 45001 certified manufacturing sites (other)

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ISO 45001 certified sites (other)

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International sales share (other)

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Inventory turns (other)

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Japanese production change (other)

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Joint Ventures (other)

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Joint ventures (other)

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Large transfer case unit sales growth (other)

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Letters of credit outstanding (other)

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Light vehicle production change (other)

Light vehicle production growth (other)

Light vehicle share of net sales (other)

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Light vehicle turbocharger net sales mix (other)

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Light vehicle turbocharger sales (other)

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Light vehicle turbocharger sales share (other)

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Light vehicle turbocharger share of net sales (other)

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Light-vehicle production change (other)

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Light-vehicle production growth (other)

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Light-vehicle sales share (other)

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Light-vehicle turbocharger revenue share (other)

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Light-vehicle turbocharger sales mix (other)

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Liquidity (other)

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Locations with retirement obligations (other)

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Lost sales from GM strike (other)

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Lost time incident rate (other)

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Manual transmission sales (other)

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Manufacturing and technical facilities (other)

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Manufacturing locations with retirement obligations (other)

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Market production change (other)

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Market production growth (other)

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Material cost as percent of net sales (other)

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Material cost of sales (other)

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Material cost of sales ratio (other)

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Material cost ratio (other)

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NSK-Warner Gross Profit (other)

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NSK-Warner Net Income (other)

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NSK-Warner Net Sales (other)

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NSK-Warner equity earnings (other)

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Net R&D as percentage of net sales (other)

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Net R&D expenditures (other)

Net cash from operating activities (other)

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Net debt to net capital (other)

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Net debt to net capital ratio (other)

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Net research and development expenditures (other)

Net sales by application (other)

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Net sales generated outside U.S. (other)

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Net sales growth (other)

Net sales growth excluding currency (other)

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Net sales mix by application (other)

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Net sales outside U.S. (other)

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Net sales outside United States (other)

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Net sales outside the U.S. (other)

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Net sales outside the United States (other)

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Nonvested restricted stock (other)

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North American production change (other)

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Number of Reportable Segments (other)

Off-highway vehicle share of net sales (other)

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Other exit costs and non-recurring charges (other)

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Patents (other)

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Patents and applications (other)

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Pending asbestos claims (other)

Pension and OPEB contributions (other)

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Pension contributions (other)

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Pension plan contributions (other)

Powder metal engine connecting rod business sales (other)

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Product warranty accrual (other)

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Product warranty accrual balance (other)

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Product warranty liability (other)

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Product warranty payments (other)

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Product warranty provisions (other)

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R&D Expenditures (other)

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R&D Spending (other)

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R&D as % of net sales (other)

R&D as percent of net sales (other)

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R&D as percent of sales (other)

R&D as percentage of net sales (other)

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R&D costs (other)

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R&D customer reimbursements (other)

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R&D expenditures (other)

R&D expenditures, gross (other)

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R&D expenditures, net (other)

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R&D expense (other)

R&D expense as percent of sales (other)

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R&D intensity (other)

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R&D spending (other)

R&D spending as percent of sales (other)

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RWD transfer case revenue share (other)

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Racial/Ethnic Minorities in US Workforce (other)

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Racial/ethnic minorities in US workforce (other)

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Rear-wheel-drive transfer case revenue share (other)

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Receivables sold (other)

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Receivables sold under securitization (other)

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Receivables sold under transfer agreement (other)

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Remaining share repurchase authorization (other)

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Repurchase authorization remaining (other)

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Research and development costs (other)

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Research and development expense (other)

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Research and development spending (other)

Restructuring expense (other)

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Restructuring liability (other)

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Restructuring plan charges (other)

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Restructuring workforce reductions (other)

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Revenue by end market (other)

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Revenue by product category (other)

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Revenue by product type (other)

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Revolving credit facility borrowings (other)

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SG&A spending (other)

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Salaried voluntary turnover (other)

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Sales mix (other)

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Sales mix by application (other)

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Sales outside U.S. share (other)

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Sales outside United States (other)

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Segment adjusted operating margin (other)

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Severance accrual (other)

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Share repurchase program remaining (other)

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Shares of common stock outstanding (other)

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Shares outstanding (other)

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Shares repurchased (other)

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Small transfer case unit sales growth (other)

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Stock options outstanding (other)

Stockholders of record (other)

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Superfund remediation sites (other)

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Superfund sites (other)

Top ten customer concentration (other)

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Top ten customer sales concentration (other)

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Total liquidity (other)

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Training hours per salaried employee (other)

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Training hours provided (other)

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Transfer case revenue share (other)

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Transfer case unit sales growth (other)

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Turbocharger revenue share (other)

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Turbocharger share of net sales (other)

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Turbocharger share of sales (other)

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U.S. unionized workforce (other)

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U.S. unionized workforce share (other)

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U.S. workforce unionized (other)

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Unconsolidated JV sales (other)

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Unconsolidated joint venture sales (other)

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Undrawn revolving credit facility (other)

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Unionized U.S. workforce (other)

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Unionized US workforce (other)

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Unionized domestic hourly workers (other)

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Unionized workers (other)

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Unionized workforce (other)

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Vehicle production growth (other)

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Voluntary Employee Turnover (other)

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Voluntary Hourly Turnover (other)

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Voluntary Salaried Turnover (other)

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Voluntary Turnover (other)

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Voluntary employee turnover (other)

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Voluntary terminations accepted (other)

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Voting common shares outstanding (other)

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Wahler restructuring employees (other)

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Warranty accrual (other)

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Warranty accrual balance (other)

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Warranty provision (other)

Warranty provision percentage of net sales (other)

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Warranty provision rate (other)

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Warranty provisions (other)

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Warranty reserve balance (other)

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Weighted Average Market Production (other)

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Weighted Average Market Production Change (other)

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Weighted average interest rate (other)

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Weighted average market production (other)

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Weighted average market production change (other)

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Women in Global Workforce (other)

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Women in global workforce (other)

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Women representation (other)

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Worldwide light vehicle production growth (other)

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Year 2000 compliance spending (other)

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eProduct revenue (other)

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eProducts Revenue (other)

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eProducts revenue (other)

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eProducts revenue mix (other)

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eProducts revenue share (other)

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eProducts share of revenue (other)

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Transfer cases produced (production_volume)

Manufacturing facilities (properties)

EV-related revenue (revenue)

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Remaining performance obligations (rpo)

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Lost Time Incident Rate (safety_incidents)

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Total Recordable Incident Rate (trir)

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Transfer cases sold (units_shipped)

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Capacity utilization (utilization_rate)

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Light vehicle production growth (vehicles_produced)

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Human capital disclosures. Workforce totals and demographics are point-in-time. Flow metrics use the year-to-date period for 10-Q and full year for 10-K. Workforce actions (RIFs, restructurings, acquisition-related changes) are listed in the table at the bottom.

Workforce Totals

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Demographics

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Workforce Breakdowns

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HCM Metrics — Point-in-Time

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HCM Metrics — Flow (Annual / YTD)

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Workforce Actions

Period EndTypeStatusAffected% WorkforceAnnouncedExpected CompletionGeographySegment / FunctionChargeSourceNote
2026-06-30restructuringin_progress2024-06-302027-12-31United States, Asia, EuropePowerDrive SystemsUSD 2 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Approximately $75 million plan addressing segment cost structure amid EV adoption volatility; $2 million recorded in six months ended 2026-06-30 ($3 million in Q2); cumulative $46 million through 2026-06-30. Employee counts not disclosed.
2026-06-30restructuringin_progress2026-01-01Mexico, EuropeTurbos & Thermal TechnologiesUSD 13 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Individually approved actions; six-month charge comprised of $10 million employee termination benefits plus $3 million contractual settlement and professional fees. Employee counts not disclosed.
2026-06-30restructuringin_progress2026-01-01United StatesDrivetrain & Morse SystemsUSD 6 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Individually approved actions; six-month charge comprised of $2 million employee termination benefits and $4 million equipment relocation costs for a U.S. facility. Employee counts not disclosed.
2026-06-30restructuringin_progress2026-01-01EuropeBattery Energy SystemsUSD 16 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Individually approved actions; six-month charge primarily $15 million employee termination benefits tied to an overhead cost reduction initiative in Europe plus $1 million professional fees. Employee counts not disclosed.
2026-06-30restructuringin_progress2026-01-01GlobalCorporateUSD 2 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Six-month charge related to employee termination benefits under a global overhead cost reduction initiative. Employee counts not disclosed.
2026-06-30restructuringin_progress2024-06-012027-12-31GlobalPowerDrive SystemsUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
2024 Structural Cost Plan. $2M recorded in six months ended June 30, 2026. Primarily employee termination benefits offset by revision of estimates.
2026-06-30restructuringin_progress2026-01-01Mexico, EuropeTurbos & Thermal TechnologiesUSD 13 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Individually approved actions. $13M recorded in six months ended June 30, 2026. Primarily $10M employee termination benefits and $3M professional fees.
2026-06-30restructuringin_progress2026-01-01United StatesDrivetrain & Morse SystemsUSD 6 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Individually approved actions. $6M recorded in six months ended June 30, 2026. Primarily $2M employee termination benefits and $4M equipment relocation.
2026-06-30restructuringin_progress2026-01-01EuropeBattery Energy SystemsUSD 16 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Individually approved actions. $16M recorded in six months ended June 30, 2026. Primarily $15M employee termination benefits for overhead cost reduction.
2026-06-30restructuringin_progress2026-01-01GlobalCorporateUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Individually approved actions. $2M recorded in six months ended June 30, 2026. Primarily employee termination benefits for global overhead cost reduction.
2026-06-30restructuringin_progressUSD 21,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-06-30restructuringin_progressEmployee Severance [Member]USD 19,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-06-30restructuringin_progressOther Restructuring [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-06-30restructuringin_progress2024 Restructuring Plan [Member] / PowerDrive Systems [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-06-30restructuringin_progressConsolidation Restructuring Efforts [Member] / Other Actions [Member]USD 18,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-06-30restructuringin_progressOther Actions [Member] / Turbos & Thermal Technologies [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-06-30restructuringin_progressEmployee Severance [Member] / Other Actions [Member] / Turbos & Thermal Technologies [Member]USD 10,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-06-30restructuringin_progressContractual Settlement [Member] / Other Actions [Member] / Turbos & Thermal Technologies [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-06-30restructuringin_progressEmployee Severance [Member] / Other Actions [Member] / Drivetrain & Morse Systems [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-06-30restructuringin_progressProfessional Fees and Equipment Relocation Costs [Member] / Other Actions [Member] / Drivetrain & Morse Systems [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-06-30restructuringin_progressEmployee Severance [Member] / 2024 Restructuring Plan [Member] / PowerDrive Systems [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-06-30restructuringin_progressProfessional Fees and Equipment Relocation Costs [Member] / 2024 Restructuring Plan [Member] / PowerDrive Systems [Member]USD -1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-06-30restructuringin_progressOther Actions [Member] / Battery & Charging Systems [Member]USD 12,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-06-30restructuringin_progressEmployee Severance [Member] / Other Actions [Member] / Battery & Charging Systems [Member]USD 15,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-06-30restructuringin_progressProfessional Fees and Equipment Relocation Costs [Member] / Other Actions [Member] / Battery & Charging Systems [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-03-31restructuringin_progress2024-06United States, Asia, EuropePowerDrive SystemsUSD 75 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Plan approved June 2024 to address PowerDrive Systems cost structure amid EV adoption volatility; may include manufacturing footprint realignment. Q1 2026 recorded a $1M revision of prior estimates; cumulative charges $43M. Expected annual cost savings ~$100M by 2026. No employee count disclosed.
2026-03-31restructuringin_progressEurope, ChinaTurbos & Thermal TechnologiesUSD 9 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q1 2026 charge of $9M for individually approved actions, primarily $6M employee termination benefits and $3M contractual settlement expense for facilities in Europe and China. No employee count or announcement date disclosed.
2026-03-31restructuringin_progressUnited StatesDrivetrain & Morse SystemsUSD 4 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q1 2026 charge of $4M, primarily $1M employee termination benefits and $3M equipment relocation costs for a U.S. facility. No employee count or announcement date disclosed.
2026-03-31restructuringin_progressEuropeBattery Energy SystemsUSD 4 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q1 2026 charge of $4M for employee termination benefits tied to an overhead cost reduction initiative in Europe. No employee count or announcement date disclosed.
2026-03-31restructuringin_progressGlobalCorporateUSD 2 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q1 2026 charge of $2M for employee termination benefits under a global overhead cost reduction initiative. No employee count or announcement date disclosed.
2026-03-31restructuringin_progress2024-06-01GlobalPowerDrive SystemsUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
2024 Structural Cost Plan; revision of previous estimates recorded in Q1 2026.
2026-03-31restructuringin_progressEurope and ChinaTurbos & Thermal TechnologiesUSD 9 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Individually approved actions; primarily employee termination benefits and contractual settlement expenses.
2026-03-31restructuringin_progressUnited StatesDrivetrain & Morse SystemsUSD 4 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Individually approved actions; primarily employee termination benefits and equipment relocation costs.
2026-03-31restructuringin_progressEuropeBattery Energy SystemsUSD 4 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Individually approved actions; primarily employee termination benefits for overhead cost reduction.
2026-03-31restructuringin_progressGlobalCorporateUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Individually approved actions; primarily employee termination benefits for global overhead cost reduction.
2026-03-31restructuringin_progressUSD 18,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-03-31restructuringin_progressEmployee Severance [Member]USD 13,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-03-31restructuringin_progressOther Restructuring [Member]USD 5,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-03-31restructuringin_progress2024 Restructuring Plan [Member] / PowerDrive Systems [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-03-31restructuringin_progressConsolidation Restructuring Efforts [Member] / Other Actions [Member]USD 19,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-03-31restructuringin_progressOther Actions [Member] / Turbos & Thermal Technologies [Member]USD 9,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-03-31restructuringin_progressEmployee Severance [Member] / Other Actions [Member] / Turbos & Thermal Technologies [Member]USD 6,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-03-31restructuringin_progressContractual Settlement [Member] / Other Actions [Member] / Turbos & Thermal Technologies [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-03-31restructuringin_progressEmployee Severance [Member] / Other Actions [Member] / Drivetrain & Morse Systems [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-03-31restructuringin_progressProfessional Fees and Equipment Relocation Costs [Member] / Other Actions [Member] / Drivetrain & Morse Systems [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-03-31restructuringin_progressEmployee Severance [Member] / Other Actions [Member] / Battery & Charging Systems [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-12-31restructuringcompleted2023-01-012027-12-31GlobalFoundational products businesses (primarily Turbos & Thermal Technologies)USD 8 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
FY2025 activity only: $8M recorded; cumulative $148M of $130-150M plan. Actions under this plan are complete; gross savings of $80-90M annually expected by 2027. No employee count disclosed.
2025-12-31restructuringin_progress2024-06-012026-12-31United States, Mexico, Asia, EuropePowerDrive SystemsUSD 31 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
FY2025 activity only: $31M recorded; cumulative $44M of ~$75M plan. Primarily employee termination benefits and equipment relocation. Annual cost savings of ~$100M expected by 2026. No employee count disclosed.
2025-12-31restructuringin_progress2025-01-01Europe, China, GlobalTurbos & Thermal Technologies, Corporate, and other segmentsUSD 62 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
FY2025 activity: $62M for individually approved actions, primarily employee termination benefits. Includes $42M in Turbos & Thermal Technologies, $15M in Battery & Charging Systems, $5M in Corporate. No employee count disclosed.
2025-12-31plant_closurecompleted2025-02-012025-06-30Global (including China, Europe, North America)Battery & Charging Systems — charging businessUSD 32 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Decision made February 2025; production ceased Q2 2025. $32M charges in FY2025 including $22M loss on sale of SSE business, $9M inventory write-off. Additional $39M in impairments (intangibles, goodwill, fixed assets). Expected to eliminate ~$30M annualized adjusted operating losses by 2026. No employee count disclosed.
2025-12-31restructuringin_progress2025-01-012026-12-31North AmericaBattery & Charging Systems — North American battery systems businessMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Consolidation of North American battery systems business footprint to align cost structure with market dynamics. Expected annual cost savings of ~$20M by 2026. No separate charge or employee count disclosed.
2025-12-31restructuringcompleted2023-01-01GlobalFoundational products businessesUSD 8 (millions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
2023 Structural Costs Plan. Actions under this plan are complete. $8 million recorded in 2025.
2025-12-31restructuringin_progress2024-06-01GlobalPowerDrive SystemsUSD 31 (millions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
2024 Structural Costs Plan. $31 million recorded in 2025.
2025-12-31restructuringin_progress2025-01-01GlobalVariousUSD 62 (millions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Individually approved restructuring actions recorded in 2025.
2025-12-31restructuringin_progress2023-01-012027-12-31GlobalFoundational products businessesUSD 8 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
2023 Structural Costs Plan. $8 million recorded in 2025. Actions under this plan are complete.
2025-12-31restructuringin_progress2024-06-012026-12-31GlobalPowerDrive SystemsUSD 31 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
2024 Structural Costs Plan. $31 million recorded in 2025. Includes realignment of manufacturing footprint.
2025-12-31restructuringin_progress2025-01-01GlobalVariousUSD 62 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Individually approved restructuring actions recorded in 2025.
2025-12-31plant_closurecompleted2025-02-012025-06-30GlobalBattery & Charging SystemsItem_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Exit of charging business. Production operations ceased during Q2 2025.
2025-12-31restructuringin_progress2025-01-012026-12-31North AmericaBattery & Charging SystemsItem_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Consolidation of North American battery systems business.
2025-12-31restructuringin_progressUSD 101,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-12-31restructuringin_progressEmployee Severance [Member]USD 78,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-12-31restructuringin_progressOther Restructuring [Member]USD 23,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-12-31restructuringin_progress2024 Restructuring Plan [Member]USD 31,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-12-31restructuringin_progress2024 Restructuring Plan [Member] / PowerDrive Systems [Member]USD 44,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-12-31restructuringin_progress2023 Restructuring Plan [Member]USD 8,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-12-31restructuringin_progressConsolidation Restructuring Efforts [Member] / 2023 Restructuring Plan [Member]USD 62,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-12-31restructuringin_progressSeverance And Professional Fees [Member] / 2023 Restructuring Plan [Member] / Turbos & Thermal Technologies [Member]USD 5,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-12-31restructuringin_progressProfessional Fees and Equipment Relocation Costs [Member] / 2023 Restructuring Plan [Member] / Turbos & Thermal Technologies [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-12-31restructuringin_progressOther Actions [Member] / Turbos & Thermal Technologies [Member]USD 42,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-12-31restructuringin_progressEmployee Severance [Member] / Other Actions [Member] / Turbos & Thermal Technologies [Member]USD 39,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-12-31restructuringin_progressContractual Settlement [Member] / Other Actions [Member] / Turbos & Thermal Technologies [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-12-31restructuringin_progressSeverance And Professional Fees [Member] / 2024 Restructuring Plan [Member] / PowerDrive Systems [Member]USD 19,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-12-31restructuringin_progressProfessional Fees and Equipment Relocation Costs [Member] / 2024 Restructuring Plan [Member] / PowerDrive Systems [Member]USD 12,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-12-31restructuringin_progressOther Actions [Member] / Battery & Charging Systems [Member]USD 15,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-12-31restructuringin_progressEmployee Severance [Member] / Other Actions [Member] / Battery & Charging Systems [Member]USD 11,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-09-30restructuringin_progress2024-06-30United States, Mexico, Asia, EuropePowerDrive SystemsUSD 29 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Approximately $75M plan addressing PowerDrive Systems cost structure; $29M charged YTD 2025. Primarily employee termination benefits and equipment relocation. No employee count disclosed.
2025-09-30restructuringin_progress2025-01-01United States, China, EuropeTurbos & Thermal Technologies; Drivetrain & Morse Systems; Battery & Charging SystemsUSD 34 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Individually approved restructuring actions; $34M charged YTD 2025. Includes consolidation of North American battery systems footprint and exit of charging business. No employee count disclosed.
2025-09-30plant_closurecompleted2025-02-012025-06-30GlobalBattery & Charging SystemsUSD 32 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Exit of charging business; production ceased Q2 2025. $32M in charges YTD 2025 including $22M loss on SSE sale, $9M inventory write-off, and $39M impairments. No employee count disclosed.
2025-09-30restructuringcompleted2023-01-012025-09-30Europe, China, United StatesFoundational products businessesUSD 8 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
$130M–$150M plan; actions complete. $8M charged YTD 2025 (residual). Cumulative $148M incurred. No employee count disclosed.
2025-09-30restructuringin_progress2024-06-01GlobalPowerDrive SystemsUSD 12 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
2024 Structural Cost Plan; charges primarily related to employee termination benefits and equipment relocation.
2025-09-30restructuringcompleted2023-01-01GlobalFoundational productsUSD 8 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
2023 Structural Cost Plan; actions under this plan are complete.
2025-09-30restructuringin_progressGlobalVariousUSD 11 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Individually approved restructuring actions.
2025-09-30plant_closurecompleted2025-02-01GlobalBattery & Charging SystemsUSD 32 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Exit of charging business; production operations ceased in Q2 2025.
2025-09-30restructuringin_progressUSD 23,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-09-30restructuringin_progressEmployee Severance [Member]USD 19,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-09-30restructuringin_progressOther Restructuring [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-09-30restructuringin_progress2024 Restructuring Plan [Member] / PowerDrive Systems [Member]USD 12,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-09-30restructuringin_progress2023 Restructuring Plan [Member]USD 8,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-09-30restructuringin_progressConsolidation Restructuring Efforts [Member] / Other Actions [Member]USD 11,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-09-30restructuringin_progress2023 Restructuring Plan [Member] / Turbos & Thermal Technologies [Member]USD 7,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-09-30restructuringin_progressSeverance and Professional Fees [Member] / 2023 Restructuring Plan [Member] / Turbos & Thermal Technologies [Member]USD 5,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-09-30restructuringin_progressProfessional Fees and Equipment Relocation Costs [Member] / 2023 Restructuring Plan [Member] / Turbos & Thermal Technologies [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-09-30restructuringin_progressOther Actions [Member] / Turbos & Thermal Technologies [Member]USD 5,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-09-30restructuringin_progressEmployee Severance [Member] / Other Actions [Member] / Turbos & Thermal Technologies [Member]USD 13,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-09-30restructuringin_progressContractual Settlement [Member] / Other Actions [Member] / Turbos & Thermal Technologies [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-09-30restructuringin_progressContractual Settlement [Member] / Other Actions [Member] / Drivetrain & Morse Systems [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-09-30restructuringin_progressEmployee Severance [Member] / 2024 Restructuring Plan [Member] / PowerDrive Systems [Member]USD 19,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-09-30restructuringin_progressProfessional Fees and Equipment Relocation Costs [Member] / 2024 Restructuring Plan [Member] / PowerDrive Systems [Member]USD 10,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-09-30restructuringin_progressOther Actions [Member] / Battery & Charging Systems [Member]USD 5,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-09-30restructuringin_progressEmployee Severance [Member] / Other Actions [Member] / Battery & Charging Systems [Member]USD 13,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-06-30restructuringin_progress2024-06-30United States, Asia, EuropePowerDrive SystemsUSD 17 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Six months ended 2025-06-30 charge of $17M ($1M in Q2) under a ~$75M plan addressing PowerDrive Systems cost structure; includes $9M employee termination benefits and $8M equipment relocation. No employee count disclosed.
2025-06-30restructuringcompleted2023-01-01Europe, China, United StatesFoundational products businesses (Turbos & Thermal Technologies, Drivetrain & Morse Systems, PowerDrive Systems)USD 8 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Six months ended 2025-06-30 charge of $8M; actions under the $130M–$150M plan are complete (cumulative $148M incurred). No employee count disclosed.
2025-06-30restructuringin_progress2025-01-01Europe, ChinaTurbos & Thermal TechnologiesUSD 10 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Individually approved restructuring actions recorded in Q2 and YTD 2025: $10M, comprising $8M employee termination benefits and $2M contractual settlement for facilities in Europe and China. No employee count disclosed.
2025-06-30restructuringin_progress2025-01-01United States, ChinaBattery & Charging SystemsUSD 11 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Individually approved restructuring costs of $11M YTD 2025 ($5M in Q2), primarily $9M employee termination benefits for U.S. and China facilities, including consolidation of the North American battery systems footprint and exit of the charging business. No employee count disclosed.
2025-06-30plant_closurecompleted2025-02-012025-06-30China and other locationsBattery & Charging Systems — charging business (incl. Hubei Surpass Sun Electric)USD 32 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Decision made February 2025; production ceased Q2 2025. YTD charges of $32M (incl. $22M loss on SSE sale, $9M inventory write-off). Expected to eliminate ~$30M annualized adjusted operating losses by 2026. No employee count disclosed.
2025-06-30plant_closurein_progress2025-02-012026-12-31North AmericaBattery & Charging Systems — battery systems businessMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Decision to consolidate the North American battery systems business footprint; expected annual cost savings of ~$20M by 2026. Related impairment charges of $4M fixed assets recorded YTD 2025. No employee count disclosed.
2025-06-30restructuringin_progress2024-06-01GlobalPowerDrive SystemsUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
2024 Structural Cost Plan; $1M charge in Q2 2025. Cumulative charges $30M.
2025-06-30restructuringcompleted2023-01-01GlobalFoundational productsUSD 8 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
2023 Structural Cost Plan; $8M charge in H1 2025. Actions under this plan are complete.
2025-06-30restructuringin_progressGlobalVariousUSD 16 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Individually approved restructuring actions in Q2 2025.
2025-06-30restructuringin_progressGlobalVariousUSD 23 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Individually approved restructuring actions in H1 2025.
2025-06-30plant_closurecompleted2025-02-01GlobalBattery & Charging SystemsUSD 32 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Exit of charging business; production ceased Q2 2025. Includes $22M loss on sale of SSE business and $9M inventory write-off.
2025-06-30restructuringin_progressNorth AmericaBattery & Charging SystemsMD&A
f5-10q / Qwen3.6-27B-Q8_0
Consolidation of North American battery systems business footprint.
2025-06-30restructuringin_progressUSD 17,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-06-30restructuringin_progressEmployee Severance [Member]USD 13,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-06-30restructuringin_progressOther [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-06-30restructuringin_progress2024 Restructuring Plan [Member]USD 30,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-06-30restructuringin_progress2023 Restructuring Plan [Member]USD 8,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-06-30restructuringin_progressSeverance and Professional Fees [Member] / 2023 Restructuring Plan [Member] / Turbos & Thermal Technologies [Member]USD 5,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-06-30restructuringin_progressProfessional Fees and Equipment Relocation Costs [Member] / 2023 Restructuring Plan [Member] / Turbos & Thermal Technologies [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-06-30restructuringin_progressSeverance and Professional Fees [Member] / 2024 Restructuring Plan [Member]USD 8,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-06-30restructuringin_progressContractual Settlement [Member] / 2024 Restructuring Plan [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-06-30restructuringin_progressSeverance and Professional Fees [Member] / 2024 Restructuring Plan [Member] / PowerDrive Systems [Member]USD 9,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-06-30restructuringin_progressProfessional Fees and Equipment Relocation Costs [Member] / 2024 Restructuring Plan [Member] / PowerDrive Systems [Member]USD 8,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-06-30restructuringin_progressSeverance and Professional Fees [Member] / 2024 Restructuring Plan [Member] / Battery & Charging Systems [Member]USD 9,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-03-31restructuringin_progress2024-06United States, Asia, EuropePowerDrive SystemsUSD 75 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Plan addresses PowerDrive Systems cost structure due to EV adoption volatility; may include manufacturing footprint realignment. $16M charged in Q1 2025; $29M cumulative. No employee count disclosed.
2025-03-31restructuringcompleted2023Europe, China, United StatesFoundational products businesses (Turbos & Thermal Technologies, Drivetrain & Morse Systems)USD 140 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Plan range $130M–$150M; $148M cumulative charges incurred. Actions declared complete. $8M charged in Q1 2025. No employee count disclosed.
2025-03-31restructuringin_progress2025-022025-06-30GlobalBattery & Charging Systems — charging business exitUSD 26 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Exit expected substantially complete in Q2 2025. $26M charges in Q1 2025 ($19M held-for-sale loss + $7M inventory write-off), plus $39M impairment charges (intangibles, goodwill, fixed assets). No employee count disclosed.
2025-03-31restructuringin_progress2025-02North AmericaBattery & Charging Systems — battery systems business consolidationMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Consolidation of North American battery systems business footprint; expected annual cost savings of ~$20M by 2026. Part of $7M individually approved restructuring charges in Q1 2025. No employee count disclosed.
2025-03-31restructuringin_progress2024-06-01GlobalPowerDrive SystemsUSD 16 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
2024 Structural Cost Plan; charges include employee termination benefits and equipment relocation.
2025-03-31restructuringin_progress2023-01-01GlobalFoundational productsUSD 8 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
2023 Structural Cost Plan; actions under this plan are complete.
2025-03-31restructuringin_progress2025-02-01North AmericaBattery & Charging SystemsUSD 7 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Individually approved actions including consolidation of North American battery systems footprint and exit of charging business.
2025-03-31restructuringin_progressUSD 31,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-03-31restructuringin_progressEmployee Severance [Member]USD 20,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-03-31restructuringin_progressOther [Member]USD 11,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-03-31restructuringin_progress2024 Restructuring Plan [Member]USD 29,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-03-31restructuringin_progress2023 Restructuring Plan [Member]USD 8,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-03-31restructuringin_progressSeverance and Professional Fees [Member] / 2023 Restructuring Plan [Member] / Turbos & Thermal Technologies [Member]USD 5,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-03-31restructuringin_progressProfessional Fees and Equipment Relocation Costs [Member] / 2023 Restructuring Plan [Member] / Turbos & Thermal Technologies [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-03-31restructuringin_progressSeverance and Professional Fees [Member] / 2024 Restructuring Plan [Member] / PowerDrive Systems [Member]USD 8,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-03-31restructuringin_progressProfessional Fees and Equipment Relocation Costs [Member] / 2024 Restructuring Plan [Member] / PowerDrive Systems [Member]USD 7,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-12-31restructuringin_progress2023-01-012027-12-31GlobalFoundational products businessesUSD 61 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Multi-year plan with $130M–$150M total expected cost; $61M recorded in FY2024; cumulative $140M through FY2024. Gross savings of $80M–$90M annually expected by 2027. Employee count not disclosed.
2024-12-31restructuringin_progress2024-06-01GlobalPowerDrive SystemsUSD 13 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Approximately $75M total plan to address cost structure due to EV adoption volatility; may include manufacturing footprint realignment. $13M recorded in FY2024. Annual cost savings of ~$100M expected by 2026. Employee count not disclosed.
2024-12-31restructuringin_progress2023-01-012027-12-31GlobalFoundational products businessesUSD 61 (millions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
2023 Structural Costs Plan; $61M recorded in 2024. Total plan $130M-$150M.
2024-12-31restructuringin_progress2024-06-012026-12-31GlobalPowerDrive SystemsUSD 13 (millions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
2024 Structural Costs Plan; $13M recorded in 2024. Total plan $75M.
2024-12-31restructuringin_progress20232027GlobalFoundational products businessesUSD 61 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
2023 Structural Costs Plan. Total plan cost $130M-$150M. $61M recorded in 2024. Cumulative incurred $140M. Expected annual savings $80M-$90M by 2027.
2024-12-31restructuringin_progress2024-062026GlobalPowerDrive SystemsUSD 13 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
2024 Structural Costs Plan. Total plan cost $75M. $13M recorded in 2024. Expected annual savings $100M by 2026.
2024-12-31restructuringin_progressUSD 74,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2024-12-31restructuringin_progressEmployee Severance [Member]USD 43,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2024-12-31restructuringin_progressOther [Member]USD 31,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2024-12-31restructuringin_progress2024 Restructuring Plan [Member]USD 13,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2024-12-31restructuringin_progress2023 Restructuring Plan [Member]USD 61,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2024-12-31restructuringin_progressSeverance And Professional Fees [Member] / 2023 Restructuring Plan [Member] / Turbos & Thermal Technologies [Member]USD 21,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2024-12-31restructuringin_progressProfessional Fees and Equipment Relocation Costs [Member] / 2023 Restructuring Plan [Member] / Turbos & Thermal Technologies [Member]USD 18,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2024-12-31restructuringin_progressSeverance And Professional Fees [Member] / 2023 Restructuring Plan [Member] / Drivetrain & Morse Systems [Member]USD 10,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2024-12-31restructuringin_progressSeverance And Professional Fees [Member] / 2024 Restructuring Plan [Member] / PowerDrive Systems [Member]USD 9,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2024-12-31restructuringin_progressProfessional Fees and Equipment Relocation Costs [Member] / 2024 Restructuring Plan [Member] / PowerDrive Systems [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2024-12-31restructuringin_progressProfessional Fees and Equipment Relocation Costs [Member] / 2023 Restructuring Plan [Member] / PowerDrive Systems [Member]USD 8,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2024-09-30restructuringin_progress2023-01-01GlobalFoundational products businessesUSD 130 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Plan sized at $130M–$150M; $52M charged in nine months 2024, $18M in Q3 2024; cumulative $131M to date. No employee count disclosed.
2024-09-30restructuringin_progress2024-06-01GlobalPowerDrive SystemsUSD 75 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Approximately $75M plan addressing PowerDrive Systems cost structure due to market volatility; may include manufacturing footprint realignment. $13M charged in nine months 2024, $3M in Q3 2024. Expected annual savings ~$100M by 2026. No employee count disclosed.
2024-09-30othercompletedUnited StatesNew York facilityUSD 4 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Ratification bonuses recorded for a collective bargaining agreement at a New York facility; number of covered employees not disclosed.
2024-09-30restructuringin_progress2023-01-012027-12-31GlobalFoundational productsUSD 18 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
2023 Structural Costs Plan. Q3 2024 charge of $18M. Total plan range $130M-$150M. Cumulative charges $131M. Savings expected by 2027.
2024-09-30restructuringin_progress2024-06-012026-12-31GlobalPowerDrive SystemsUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
2024 Structural Costs Plan. Q3 2024 charge of $3M. Total plan approx $75M. Savings expected by 2026.
2024-09-30othercompleted2024-09-302024-09-30New YorkManufacturingUSD 4 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Collective bargaining agreement ratification bonus expense of $4M recorded in Q3 2024.
2024-09-30restructuringin_progressUSD 21,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-09-30restructuringin_progressEmployee Severance [Member]USD 8,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-09-30restructuringin_progressOther [Member]USD 13,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-09-30restructuringin_progress2023 Restructuring Plan [Member]USD 18,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-09-30restructuringin_progressSeverance and Professional Fees [Member] / 2023 Restructuring Plan [Member] / Turbos & Thermal Technologies [Member]USD 16,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-09-30restructuringin_progressProfessional Fees and Equipment Relocation Costs [Member] / 2023 Restructuring Plan [Member] / Turbos & Thermal Technologies [Member]USD 14,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-09-30restructuringin_progressSeverance and Professional Fees [Member] / 2023 Restructuring Plan [Member] / Drivetrain & Morse Systems [Member]USD 10,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-09-30restructuringin_progressProfessional Fees and Equipment Relocation Costs [Member] / 2023 Restructuring Plan [Member] / PowerDrive Systems [Member]USD 8,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-09-30restructuringin_progressSeverance and Professional Fees [Member] / 2024 Restructuring Plan [Member] / PowerDrive Systems [Member]USD 9,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-09-30restructuringin_progressProfessional Fees and Equipment Relocation Costs [Member] / 2024 Restructuring Plan [Member] / PowerDrive Systems [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-06-30restructuringin_progress2023-01-01GlobalFoundational products businesses (primarily Air Management)USD 130 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Plan sized at $130M-$150M; $34M charged in six months ended 2024-06-30; $113M cumulative. Employee counts not disclosed.
2024-06-30restructuringin_progress2024-06-01GlobalePropulsionUSD 75 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Approved June 2024 due to increased market volatility; $10M charged in Q2 2024; expected annual savings ~$100M by 2026. Employee counts not disclosed.
2024-06-30restructuringin_progress2023-01-012027-12-31GlobalFoundational products businessesUSD 15 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
2023 Structural Costs Plan; $15M recorded in Q2 2024. Total plan range $130M-$150M. Employee count not disclosed.
2024-06-30restructuringin_progress2024-06-012026-12-31GlobalePropulsionUSD 10 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
2024 Structural Costs Plan; $10M recorded in Q2 2024. Total plan approx $75M. Employee count not disclosed.
2024-06-30restructuringin_progressUSD 25,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-06-30restructuringin_progressEmployee Severance [Member]USD 17,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-06-30restructuringin_progressOther [Member]USD 8,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-06-30restructuringin_progress2023 Restructuring Plan [Member]USD 15,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-06-30restructuringin_progressSeverance and Professional Fees [Member] / 2023 Restructuring Plan [Member] / Air Management [Member]USD 12,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-06-30restructuringin_progressProfessional Fees and Equipment Relocation Costs [Member] / 2023 Restructuring Plan [Member] / Air Management [Member]USD 7,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-03-31restructuringin_progress2023-01-01GlobalAir ManagementUSD 9 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
2023 Structural Costs Plan; $9M recorded in Q1 2024 for Air Management, primarily employee termination benefits in Europe, China and the U.S.
2024-03-31restructuringin_progress2023-01-01EuropeDrivetrain & Battery SystemsUSD 7 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
2023 Structural Costs Plan; $7M recorded in Q1 2024, primarily employee termination benefits for a program in Europe.
2024-03-31restructuringin_progress2023-01-01GlobalePropulsionUSD 3 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
2023 Structural Costs Plan; $3M recorded in Q1 2024, primarily contract cancellations and equipment relocation costs.
2024-03-31restructuringin_progress2023-01-012027-12-31GlobalFoundational products businessesUSD 19 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
2023 Structural Costs Plan. $19M recorded in Q1 2024. Cumulative charges $98M. Expected annual gross savings $80M-$90M by 2027. Employee count not disclosed.
2024-03-31restructuringin_progressUSD 19,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-03-31restructuringin_progressEmployee Severance [Member]USD 13,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-03-31restructuringin_progressOther [Member]USD 6,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-03-31restructuringin_progress2023 Restructuring Plan [Member]USD 19,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-03-31restructuringin_progressSeverance and Professional Fees [Member] / 2023 Restructuring Plan [Member] / Air Management [Member]USD 6,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-12-31restructuringin_progress2002023-01-01EuropeAir ManagementUSD 74 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Announced closure of a facility in Europe affecting approximately 200 employees; $74M recorded in FY2023. Part of a $130–150M multi-year plan to address structural costs in Foundational products businesses.
2023-12-31restructuringin_progress2023-01-01GlobalDrivetrain & Battery SystemsUSD 4 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Employee termination benefits and equipment moves; $4M recorded in FY2023 under the $130–150M plan.
2023-12-31restructuringin_progress2023-01-01GlobalePropulsionUSD 1 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Primarily employee termination benefits; $1M recorded in FY2023 under the $130–150M plan.
2023-12-31divestiture_reductioncompleted2023-07-032023-07-03GlobalFuel Systems and Aftermarket segmentsdiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Spin-off of Fuel Systems and Aftermarket segments into PHINIA Inc.; headcount associated with these segments removed from continuing operations. Headcount count not disclosed.
2023-12-31acquisition_additioncompleted2023-03-012023-03-01ChinaAir ManagementUSD 42 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of EV solution, smart grid and smart energy businesses; total consideration $42M. Headcount added not disclosed.
2023-12-31acquisition_additioncompleted2023-12-012023-12-01ItalyePropulsionUSD 78 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of electric hybrid systems business segment; $78M paid at closing with up to $191M earn-out. Headcount added not disclosed.
2023-12-31restructuringin_progress2023-01-01GlobalFoundational products businessesUSD 79 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
2023 Structural Costs Plan. $130-$150 million plan. $79 million recorded in 2023. Employee count not disclosed.
2023-12-31restructuringcompleted200EuropeAir ManagementUSD 74 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Closure of facility in Europe affecting approximately 200 employees. Part of 2023 Structural Costs Plan.
2023-12-31restructuringin_progress2023-01-01GlobalFoundational products businessesUSD 79 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
2023 Structural Costs Plan: $130-$150 million plan announced in 2023. $79 million recorded in 2023, primarily employee termination benefits. Specific employee count not disclosed in aggregate, though Air Management closure affected approx 200 employees.
2023-12-31acquisition_additioncompleted2023-12-012023-12-01ItalyePropulsionbusiness_combinations_footnote
f5-10k / Qwen3.6-27B-Q8_0
Acquisition of Eldor Corporation's electric hybrid systems business. Employee count not disclosed.
2023-12-31acquisition_additioncompleted2023-03-012023-03-01ChinaAir Managementbusiness_combinations_footnote
f5-10k / Qwen3.6-27B-Q8_0
Acquisition of Hubei Surpass Sun Electric Charging Business. Employee count not disclosed.
2023-12-31restructuringin_progressUSD 79,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2023-12-31restructuringin_progressEmployee Severance [Member]USD 70,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2023-12-31restructuringin_progressOther [Member]USD 9,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2023-12-31restructuringin_progress2023 Restructuring Plan [Member]USD 79,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2023-12-31restructuringin_progressOne-time Termination Benefits [Member] / 2020 Restructuring Plan [Member] / Air Management [Member]USD 18,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2023-12-31restructuringin_progress200Employee Severance [Member] / 2023 Restructuring Plan [Member] / Air Management [Member]restructuring_footnote
f5-10k / no-ai-xblr
2023-12-31restructuringin_progress742020 Restructuring Plan [Member] / Air Management [Member]restructuring_footnote
f5-10k / no-ai-xblr
2023-09-30plant_closurein_progress200EuropeAir ManagementUSD 66 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Under the 2023 Structural Costs Plan ($130M–$150M total). Air Management recorded $66M restructuring expense in the nine months ended 2023-09-30 ($54M in Q3), primarily severance tied to the announced closure of a European facility affecting about 200 employees. Announcement date and completion date not specified beyond 'in 2023'.
2023-09-30restructuringin_progressDrivetrain & Battery SystemsUSD 2 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
2023 Structural Costs Plan actions in this segment comprised employee termination benefits and equipment moves; $2M recorded in both the three and nine months ended 2023-09-30. Employee count not disclosed.
2023-09-30otherin_progress2023-09-01North AmericaCorporateMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
UAW strikes commenced in September 2023 and expanded in October 2023 to facilities BorgWarner supplies; tentative agreements reached with Ford, Stellantis and GM in late October 2023, not yet ratified. Pre-strike, aggregate sales to these three customers in North America were expected to be just under $250M per month on average during 2023. Employees affected not quantified; announcement date approximate (month only).
2023-09-30restructuringin_progress2002023-01-01EuropeAir ManagementUSD 54 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Part of 2023 Structural Costs Plan; primarily employee termination benefits associated with facility closure.
2023-09-30restructuringin_progress2023-01-01Drivetrain & Battery SystemsUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Part of 2023 Structural Costs Plan; primarily employee termination benefits and equipment moves.
2023-09-30voluntary_separationcompleted472020-01-01Air ManagementUSD 11 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Part of 2020 Structural Costs Plan; voluntary termination program accepted in 2022.
2023-09-30restructuringin_progressUSD 56,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-09-30restructuringin_progressEmployee Severance [Member]USD 54,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-09-30restructuringin_progressOther [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-09-30restructuringin_progress2023 Restructuring Plan [Member]USD 56,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-09-30restructuringin_progress200Employee Severance [Member] / 2023 Restructuring Plan [Member] / Air Management [Member]restructuring_footnote
f5-10q / no-ai-xblr
2023-06-30restructuringin_progress2023-01-01GlobalFoundational product businesses (Air Management, Fuel Systems, Drivetrain & Battery Systems)USD 130 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Plan range disclosed as $130M to $150M; $12M recorded in six months ended 2023-06-30. No employee count disclosed. Announcement date approximate (announced during 2023).
2023-06-30divestiture_reductioncompleted2023-07-03GlobalFuel Systems and Aftermarket segments (spun off as PHINIA, Inc.)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Spin-off completed 2023-07-03 (subsequent to quarter end); no headcount associated with the spin-off disclosed. $48M of Spin-Off professional fees recorded in Q2 2023.
2023-06-30acquisition_additioncompleted2023-03-012023-03-01ChinaAir Management (EV charging, smart grid, smart energy businesses of Hubei Surpass Sun Electric)USD 42 (millions)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Total consideration $42M; no employee headcount acquired disclosed.
2023-06-30acquisition_additionannounced2023-06-192023-09-30ItalyePropulsion (Electric Hybrid Systems business of Eldor Corporation)USD 82 (millions)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Purchase price €75M ($82M) at closing plus up to €175M ($191M) contingent over 2 years; expected to close Q3 2023. No headcount disclosed.
2023-06-30restructuringin_progress2023-01-01GlobalFoundational product businessesUSD 9 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
2023 Structural Costs Plan: $9M recorded in Q2 2023, primarily related to employee severance. Total plan range $130M-$150M.
2023-06-30restructuringin_progress2020-01-01GlobalVariousUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
2020 Structural Costs Plan: $3M recorded in Q2 2023. Actions under this plan are complete.
2023-06-30restructuringin_progress2023-01-01GlobalFoundational product businessesUSD 12 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
2023 Structural Costs Plan: $12M recorded YTD 2023, primarily related to employee severance.
2023-06-30restructuringin_progress2020-01-01GlobalVariousUSD 7 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
2020 Structural Costs Plan: $7M recorded YTD 2023. Actions under this plan are complete.
2023-06-30restructuringin_progressUSD 12,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-06-30restructuringin_progressEmployee Severance [Member]USD 9,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-06-30restructuringin_progressOther [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-06-30restructuringin_progress2023 Restructuring Plan [Member]USD 9,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-06-30restructuringin_progress2020 Restructuring Plan [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-03-31restructuringin_progressGlobalAir Management; Fuel SystemsUSD 7 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q1 2023 restructuring expense of $7M ($6M employee termination benefits, $1M other); no employee count disclosed. Includes $4M for individually approved actions primarily related to headcount reductions, plus $3M under the 2020 Structural Costs Plan (Air Management) and $4M under the 2019 Legacy Delphi Technologies Plan (Fuel Systems).
2023-03-31divestiture_reductionannounced2022-12-062023-09-30GlobalFuel Systems and Aftermarket segmentsother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Tax-free spin-off of Fuel Systems and Aftermarket segments into a separate public company; expected completion by end of Q3 2023. No headcount associated with the separation disclosed.
2023-03-31acquisition_additioncompleted2023-03-012023-03-01ChinaAir Managementbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of EV solution, smart grid and smart energy businesses completed 2023-03-01 for total consideration of $42M; no employee count disclosed.
2023-03-31restructuringin_progress2020-02-01GlobalAir ManagementUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
2020 Structural Costs Plan; primarily voluntary termination program.
2023-03-31restructuringin_progress2020-02-01GlobalFuel SystemsUSD 4 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
2020 Structural Costs Plan; primarily reductions in headcount.
2023-03-31restructuringin_progressUSD 7,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-03-31restructuringin_progressEmployee Severance [Member]USD 6,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-03-31restructuringin_progressOther [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-03-31restructuringin_progressOne-time Termination Benefits [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-03-31restructuringin_progress2020 Restructuring Plan [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-03-31restructuringin_progressSeverance and Professional Fees [Member] / 2020 Restructuring Plan [Member] / Air Management [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-12-31voluntary_separationcompleted7420222022-12-31Air ManagementUSD 18 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Two voluntary termination programs under the 2020 Structural Costs Plan; segment recorded $26 million of total restructuring under the plan in FY2022. MD&A separately cites $18 million for individually approved FY2022 actions primarily involving headcount reductions, believed to be the same programs.
2022-12-31plant_closurein_progress802022Europee-Propulsion & DrivetrainUSD 12 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Severance costs associated with the announced closure of a technical center in Europe; separate from the 2020 Structural Costs Plan.
2022-12-31restructuringin_progress2022e-Propulsion & DrivetrainUSD 10 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
FY2022 activity under the 2020 Structural Costs Plan, primarily contractual settlements and professional fees; employees affected not disclosed. 2020 plan substantially complete at 2022-12-31 with $36 million of FY2022 charges and $287 million cumulative.
2022-12-31restructuringin_progress2022Fuel SystemsUSD 6 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
FY2022 restructuring costs primarily for equipment relocation and professional fees; employees affected not disclosed.
2022-12-31restructuringcompleted20192022-12-31Fuel SystemsUSD 5 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
FY2022 activity under the 2019 Legacy Delphi Technologies Plan (employee severance and equipment moves); actions under this plan are substantially complete. Cumulative charges since 2020-10-01 of $67 million; only the FY2022 portion captured here.
2022-12-31acquisition_additioncompleted2022-03-312022-03-31Chinae-Propulsion & DrivetrainUSD 192 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Santroll Automotive Components (eMotor business carve-out); total final consideration $192 million. Employees added not disclosed.
2022-12-31acquisition_additioncompleted2022-07-292022-07-29North AmericaAir ManagementUSD 131 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Rhombus Energy Solutions (charging solutions); $131 million paid at closing plus up to $30 million contingent earn-out. Employees added not disclosed.
2022-12-31acquisition_additioncompleted2022-12-012022-12-01SwitzerlandAir ManagementUSD 29 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Drivetek AG (engineering and product development); $29 million paid at closing plus up to $10 million contingent earn-out. Employees added not disclosed.
2022-12-31acquisition_additioncompleted2022-02-102022-02-10Germanye-Propulsion & Drivetrainbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Completed merger squeeze-out to reach 100% ownership of AKASOL AG (previously 93%); minority shares settled in Q1 2022. Employees added not disclosed.
2022-12-31divestiture_reductionannounced2022-12-062023Fuel Systems; AftermarketItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Intention announced to execute a tax-free spin-off of the Fuel Systems and Aftermarket segments into a separate public company, expected to complete in late 2023 subject to customary conditions. Employees affected not disclosed; $54 million of professional fees related to the separation recorded in FY2022 (part of $40 million net merger, acquisition and divestiture expense).
2022-12-31restructuringcompleted2020-02-01GlobalMultipleUSD 36 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
2020 Structural Costs Plan. $36 million recorded in 2022. Plan substantially complete.
2022-12-31restructuringcompleted2019-01-01GlobalMultipleUSD 5 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
2019 Legacy Delphi Technologies Plan. $5 million recorded in 2022. Actions substantially complete.
2022-12-31restructuringcompleted2022-01-01GlobalMultipleUSD 18 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Individual restructuring actions approved in 2022, primarily related to reductions in headcount.
2022-12-31restructuringcompleted2020-022022-12-31GlobalVariousUSD 36 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
2020 Structural Costs Plan. $36M recorded in 2022. Plan substantially complete as of Dec 31, 2022. Cumulative charges $287M.
2022-12-31restructuringcompleted20192022-12-31GlobalVariousUSD 5 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
2019 Legacy Delphi Technologies Plan. $5M recorded in 2022. Actions substantially complete.
2022-12-31restructuringcompleted20222022-12-31GlobalVariousUSD 18 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Individual restructuring actions approved in 2022 primarily related to specific reductions in headcount.
2022-12-31voluntary_separationcompleted7420222022-12-31Air ManagementAir ManagementUSD 18 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Two voluntary termination programs in Air Management segment under 2020 Structural Costs Plan.
2022-12-31plant_closurecompleted8020222022-12-31Europee-Propulsion & DrivetrainUSD 12 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Closure of a technical center in Europe affecting approximately 80 employees.
2022-12-31restructuringin_progressUSD 59,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2022-12-31restructuringin_progressEmployee Severance [Member]USD 40,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2022-12-31restructuringin_progressOther [Member]USD 19,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2022-12-31restructuringin_progressOne-time Termination Benefits [Member]USD 18,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2022-12-31restructuringin_progress2020 Restructuring Plan [Member]USD 36,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2022-12-31restructuringin_progressDelphi Technologies Restructuring [Member]USD 5,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2022-12-31restructuringin_progressOne-time Termination Benefits [Member] / 2020 Restructuring Plan [Member] / Air Management [Member]USD 18,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2022-12-31restructuringin_progress2020 Restructuring Plan [Member] / e-Propulsion & Drivetrain [Member]USD 10,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2022-12-31restructuringin_progress742020 Restructuring Plan [Member] / Air Management [Member]restructuring_footnote
f5-10k / no-ai-xblr
2022-12-31restructuringin_progress80Europe [Member] / Facility Closing [Member] / e-Propulsion & Drivetrain [Member]restructuring_footnote
f5-10k / no-ai-xblr
2022-09-30voluntary_separationin_progress472022-12-31Air ManagementUSD 11 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Voluntary termination program under the 2020 Structural Costs Plan; approximately 47 employees accepted termination packages in 2022. Charge of $11 million recorded during the nine months ended September 30, 2022.
2022-09-30plant_closurein_progress80Europee-Propulsion & DrivetrainUSD 14 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Severance costs associated with the announced closure of a technical center in Europe affecting approximately 80 employees; $14 million recorded during the nine months ended September 30, 2022.
2022-09-30restructuringin_progress2022-12-31Fuel SystemsUSD 8 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Restructuring costs during the nine months ended September 30, 2022 primarily related to equipment relocation and professional fees; no employee count disclosed.
2022-09-30restructuringin_progress2022-12-31Corporaterestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Individually approved restructuring actions during the nine months ended September 30, 2022 totaling $18 million, primarily related to specific reductions in headcount; no employee count disclosed.
2022-09-30restructuringin_progress472020-02-012022-12-31Air ManagementAir ManagementUSD 11 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Voluntary termination program under 2020 Structural Costs Plan; approximately 47 employees accepted packages in 2022.
2022-09-30restructuringin_progress80Europee-Propulsion & DrivetrainUSD 14 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Closure of a technical center in Europe affecting approximately 80 employees.
2022-09-30restructuringin_progressUSD 8,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-09-30restructuringin_progressEmployee Severance [Member]USD 5,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-09-30restructuringin_progressOther [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-09-30restructuringin_progressOne-time Termination Benefits [Member]USD 18,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-09-30restructuringin_progress2020 Restructuring Plan [Member]USD 5,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-09-30restructuringin_progressDelphi Technologies Restructuring [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-09-30restructuringin_progressSeverance and Professional Fees [Member] / 2020 Restructuring Plan [Member] / Air Management [Member]USD 11,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-09-30restructuringin_progresse-Propulsion & Drivetrain [Member]USD 14,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-09-30restructuringin_progress472020 Restructuring Plan [Member] / Air Management [Member]restructuring_footnote
f5-10q / no-ai-xblr
2022-09-30restructuringin_progress80Europe [Member] / Facility Closing [Member] / e-Propulsion & Drivetrain [Member]restructuring_footnote
f5-10q / no-ai-xblr
2022-06-30voluntary_separationcompleted36Air ManagementUSD 8 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Voluntary termination program under 2020 Structural Costs Plan; approximately 36 employees accepted packages during 2022
2022-06-30plant_closurein_progress80Europee-Propulsion & DrivetrainUSD 14 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Severance costs associated with announced closure of a technical center in Europe affecting approximately 80 employees; charge recorded in six months ended June 30, 2022
2022-06-30restructuringin_progress2022-12-31Fuel SystemsUSD 5 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
2019 Legacy Delphi Technologies Plan; primarily employee severance and equipment moves during six months ended June 30, 2022; no employee count disclosed
2022-06-30restructuringin_progress2022-12-31e-Propulsion & DrivetrainUSD 10 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
2020 Structural Costs Plan; contractual settlements and professional fees during six months ended June 30, 2022; no employee count disclosed
2022-06-30acquisition_additioncompleted2022-03-31Chinae-Propulsion & DrivetrainUSD 212 (millions)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Santroll Automotive Components eMotor business; total consideration $212M; no headcount disclosed
2022-06-30divestiture_reductioncompleted2022-02-01Corporatebusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of 60% interest in BorgWarner Romeo Power LLC completed February 2022 for $29M; no headcount disclosed
2022-06-30acquisition_additionannounced2022-07-29North AmericaUSD 130 (millions)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Rhombus Energy Solutions; $130M paid at closing plus up to $55M contingent over three years; no headcount disclosed
2022-06-30restructuringin_progress362020-02-012022-12-31Air ManagementAir ManagementUSD 8 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Voluntary termination program under 2020 Structural Costs Plan; 36 employees accepted packages in 2022.
2022-06-30restructuringin_progress80Europee-Propulsion & DrivetrainUSD 14 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Closure of a technical center in Europe affecting approximately 80 employees.
2022-06-30restructuringin_progressUSD 27,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-06-30restructuringin_progressEmployee Severance [Member]USD 22,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-06-30restructuringin_progressOther [Member]USD 5,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-06-30restructuringin_progress2020 Restructuring Plan [Member]USD 10,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-06-30restructuringin_progressDelphi Technologies Restructuring [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-06-30restructuringin_progressSeverance and Professional Fees [Member] / 2020 Restructuring Plan [Member] / Air Management [Member]USD 8,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-06-30restructuringin_progresse-Propulsion & Drivetrain [Member]USD 14,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-06-30restructuringin_progress362020 Restructuring Plan [Member] / Air Management [Member]restructuring_footnote
f5-10q / no-ai-xblr
2022-06-30restructuringin_progress80Europe [Member] / Facility Closing [Member] / e-Propulsion & Drivetrain [Member]restructuring_footnote
f5-10q / no-ai-xblr
2022-03-31voluntary_separationcompleted252022-12-31Air ManagementUSD 5 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Voluntary termination program under the 2020 Structural Costs Plan; approximately 25 employees accepted packages during 2022. Segment recorded $6M under the plan in Q1, primarily the $5M program charge. Plan runs through 2022 with $300M total expected costs.
2022-03-31plant_closurein_progress2022-12-31Europee-Propulsion & DrivetrainUSD 7 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q1 2022 charge related to an announced closure of a facility in Europe, covering contractual settlements, professional fees and other costs; employee counts not disclosed. Part of the 2020 Structural Costs Plan running through 2022.
2022-03-31restructuringin_progressAir ManagementUSD 1 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q1 2022 severance costs under the legacy Delphi Technologies plan; majority of actions under the program have been completed. Cumulative charges of $64M since October 1, 2020.
2022-03-31restructuringin_progressFuel InjectionUSD 1 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q1 2022 charges for statutory minimum and incremental one-time termination benefits negotiated with local labor authorities; employee counts not disclosed.
2022-03-31acquisition_additioncompleted2022-03-31Chinae-Propulsion & Drivetrainbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of 100% of Santroll Automotive Components (eMotor business carve-out) completed March 31, 2022 for $212M total consideration; headcount added not disclosed.
2022-03-31divestiture_reductioncompleted2022-02-28Corporate (BorgWarner Romeo Power LLC joint venture)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of the Company's 60% interest in BorgWarner Romeo Power LLC completed in February 2022 for $29M; headcount removed not disclosed. Company also liquidated its Romeo Power, Inc. equity investment during Q1 2022.
2022-03-31voluntary_separationcompleted252022-01-012022-03-31GlobalAir ManagementUSD 5 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Part of 2020 Structural Costs Plan; voluntary termination program.
2022-03-31restructuringin_progress2020-02-012022-12-31Europee-Propulsion & DrivetrainUSD 7 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Part of 2020 Structural Costs Plan; facility closure in Europe. Employee count not disclosed.
2022-03-31restructuringin_progressUSD 15,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-03-31restructuringin_progressEmployee Severance [Member]USD 8,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-03-31restructuringin_progressOther [Member]USD 7,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-03-31restructuringin_progress2020 Restructuring Plan [Member]USD 13,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-03-31restructuringin_progressDelphi Technologies Restructuring [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-03-31restructuringin_progressSeverance and Professional Fees [Member] / 2020 Restructuring Plan [Member] / Air Management [Member]USD 5,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-03-31restructuringin_progressEmployee Severance [Member] / Delphi Technologies Restructuring [Member] / Air Management [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-03-31restructuringin_progress252020 Restructuring Plan [Member] / Air Management [Member]restructuring_footnote
f5-10q / no-ai-xblr
2021-12-31restructuringin_progress2020-02-012022-12-31GlobalMultiple segments and corporateUSD 103 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Feb 2020 plan to address structural costs; $103M charged in FY2021, cumulative $251M, expected total $300M through 2022. Annual gross savings expected $90M-$100M.
2021-12-31restructuringin_progress2019-01-012022-12-31GlobalFuel Injection (legacy Delphi Technologies)USD 60 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Legacy Delphi Technologies plan to reshape technical center footprint; ~$60M charged in FY2021, cumulative $62M since Oct 2020 acquisition. Majority of actions completed.
2021-12-31voluntary_separationcompleted1402021-01-012021-12-31GlobalAir ManagementUSD 23 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Approximately 140 employees accepted voluntary termination packages during 2021.
2021-12-31plant_closurein_progress2020-01-012022-12-31Europee-Propulsion & DrivetrainUSD 35 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
FY2021 charges related to announced closure of a European facility; contractual settlements, professional fees and other costs.
2021-12-31divestiture_reductioncompleted2021-12-012021-12-31United Statese-Propulsion & Drivetrain (Water Valley, Mississippi facility)USD 22 (millions)other
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Definitive agreement Dec 2021 to sell Water Valley facility and associated business for est. $57M; closed 2021-12-31 with $22M loss on divestiture. Water Valley had net sales of $177M in 2021.
2021-12-31acquisition_additioncompleted2021-06-042021-06-04GermanyAir Management (battery module and pack technology)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Completed 2021-06-04 acquisition of 89% of AKASOL for ~$788M; increased to 93% by year-end. Headcount added not disclosed.
2021-12-31otherannounced2022-02-152022-03-31Chinae-Propulsion & Drivetrain (eMotor business)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Signed equity transfer agreement to acquire Santroll eMotor carve-out for up to $220M; expected to close Q1 2022. Headcount not disclosed.
2021-12-31restructuringin_progress2020-02-012022-12-31GlobalGlobalUSD 103 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
February 2020 restructuring plan to address existing structural costs. $103 million recorded in 2021. Total expected costs $300 million through 2022.
2021-12-31restructuringcompleted2019-01-01GlobalTechnical CentersUSD 60 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Legacy Delphi Technologies plan to reshape global technical center footprint. $60 million recorded in 2021. Majority of actions completed.
2021-12-31restructuringcompleted2020-10-01GlobalExecutive Officersrestructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Acquisition-related restructuring charges for Delphi Technologies executive officers and employee termination benefits. $54 million recorded in 2020, not 2021.
2021-12-31restructuringin_progress2020-022022-12-31GlobalVariousUSD 103 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Plan announced in Feb 2020 to address structural costs. $103M recorded in 2021. Total expected cost $300M through 2022.
2021-12-31restructuringcompleted2019GlobalTechnical CentersUSD 60 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Legacy Delphi Technologies plan to reshape technical center footprint. $60M recorded in 2021. Majority of actions completed.
2021-12-31plant_closurecompleted20212021-12-31Europee-Propulsion & DrivetrainUSD 35 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Closure of e-Propulsion & Drivetrain facility in Europe. $35M in contractual settlements, professional fees, and other costs.
2021-12-31voluntary_separationcompleted14020212021-12-31GlobalAir ManagementUSD 23 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Voluntary termination program in Air Management segment.
2021-12-31restructuringin_progressUSD 163,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-12-31restructuringin_progressEmployee Severance [Member]USD 99,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-12-31restructuringin_progressOther [Member]USD 64,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-12-31restructuringin_progress2020 Restructuring Plan [Member]USD 103,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-12-31restructuringin_progressDelphi Technologies Restructuring [Member]USD 60,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-12-31restructuringin_progressOne-time Termination Benefits [Member] / Air Management [Member]USD 23,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-12-31restructuringin_progressSeverance And Professional Fees [Member] / Air Management [Member]USD 25,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-12-31restructuringin_progressEmployee Severance [Member] / Air Management [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-12-31restructuringin_progressSeverance And Professional Fees [Member] / e-Propulsion & Drivetrain [Member]USD 19,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-12-31restructuringin_progressContractual Settlements, Professional Fees And Other Costs [Member] / e-Propulsion & Drivetrain [Member]USD 35,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-12-31restructuringin_progress140Air Management [Member]restructuring_footnote
f5-10k / no-ai-xblr
2021-09-30restructuringin_progress2020-02-012022-12-31GlobalMultiple segmentsUSD 81 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Feb 2020 structural cost plan; $81M charged YTD 2021 ($20M in Q3). Cumulative $229M of $300M expected through 2022. No employee count disclosed for 2021 actions.
2021-09-30restructuringin_progress2019-01-01GlobalFuel Injection (legacy Delphi Technologies technical centers)USD 62 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Legacy Delphi plan to realign technical center footprint; ~$62M charged YTD 2021, cumulative $64M since Oct 2020. Majority of actions completed. No employee count disclosed for 2021 actions.
2021-09-30acquisition_additioncompleted2021-06-04GermanyAir Management (battery module and pack)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
AKASOL acquisition completed 2021-06-04 at 89% ownership, increased to 93% by quarter-end. No headcount added disclosed.
2021-09-30divestiture_reductionin_progress2021-01-01Americase-Propulsion & Drivetrainother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Business (disposal group) classified held for sale at 2021-09-30 as part of plan to divest internal combustion assets; $105M assets / $22M liabilities reclassified. No headcount disclosed.
2021-09-30plant_closurein_progressEuropee-Propulsion & DrivetrainUSD 27 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
European facility closure; $27M in contractual settlements, professional fees and other costs charged YTD 2021 ($4M in Q3). Employee count not disclosed for 2021 actions.
2021-09-30restructuringin_progress2020-02-012022-12-31GlobalCorporate / All SegmentsUSD 20 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Q3 2021 charge of $20M related to Feb 2020 plan to address structural costs. Total expected cost $300M through 2022.
2021-09-30restructuringin_progress2019-01-01GlobalAir Management / e-Propulsion & Drivetrain / Fuel InjectionUSD 31 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Q3 2021 charge of $31M ($10M Air Mgmt, $7M e-Prop, $29M Fuel Injection) related to legacy Delphi plan to reshape technical centers and reduce staff.
2021-09-30plant_closurein_progressEuropee-Propulsion & DrivetrainUSD 4 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Q3 2021 charge of $4M for contractual settlements and professional fees associated with announced closure of a facility in Europe.
2021-09-30voluntary_separationin_progress350GlobalAir ManagementUSD 8 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Approximately 350 employees accepted termination packages under a voluntary termination program in Air Management. Q3 2021 charge $8M.
2021-09-30plant_closurein_progress200EuropeAir ManagementUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Closure of a facility in Europe affecting approximately 200 employees. Q3 2021 charge $3M.
2021-09-30plant_closurein_progress350Europee-Propulsion & DrivetrainUSD 19 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Closure of a facility in Europe affecting approximately 350 employees. Q3 2021 charge $19M.
2021-09-30restructuringin_progressEmployee Severance [Member]USD 95,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-09-30restructuringin_progressOther [Member]USD 48,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-09-30restructuringin_progressUSD 143,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-09-30restructuringin_progress2020 Restructuring Plan [Member]USD 20,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-09-30restructuringin_progressDelphi Technologies Restructuring [Member]USD 64,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-09-30restructuringin_progressDelphi Technologies [Member]USD 62,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-09-30restructuringin_progressSeverance Costs, Equipment Relocation and Professional Fees [Member] / e-Propulsion & Drivetrain [Member]USD 7,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-09-30restructuringin_progressContractual Settlements, Professional Fees And Other Costs [Member] / e-Propulsion & Drivetrain [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-06-30restructuringin_progress2020-02-012022-12-31GlobalMultiple segments and CorporateUSD 61 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Feb 2020 plan to address structural costs; $61M charged YTD 2021 ($37M in Q2 2021); cumulative $209M of expected $300M total through 2022. No employee count disclosed.
2021-06-30restructuringin_progress2019-01-01GlobalFuel Injection (legacy Delphi Technologies technical centers)USD 31 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Legacy Delphi Technologies plan to realign global technical center footprint and reduce salaried/contract staff; ~$31M charged YTD 2021, $33M cumulative since 2020-10-01. Additional charges expected subject to works council negotiations. No employee count disclosed.
2021-06-30plant_closurein_progressEuropee-Propulsion & DrivetrainUSD 23 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Announced closure of a European facility; $23M charged YTD 2021 ($19M in Q2 2021) for contractual settlements, professional fees and other costs. Prior-year disclosure referenced ~350 employees affected at this site; current-period count not restated.
2021-06-30voluntary_separationin_progressGlobalAir ManagementUSD 27 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Voluntary termination program to reduce structural costs; $27M charged YTD 2021 in Air Management ($12M in Q2 2021 total segment restructuring). No current-period participant count disclosed.
2021-06-30acquisition_additioncompleted2021-06-042021-06-04EuropeAir Management (battery pack / electrification)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Takeover offer completed 2021-06-04 for 89% of AKASOL, increased to 93% by quarter-end; $788M consideration. No headcount added disclosed.
2021-06-30otherin_progress2021-08-02EuropeAir Management (AKASOL minority shareholders)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Merger squeeze-out process initiated 2021-08-02 to acquire remaining AKASOL minority shares; process expected to take several months. Cash compensation not yet determined.
2021-06-30restructuringin_progress2020-02-012022-12-31GlobalCorporate / All SegmentsUSD 37 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
February 2020 plan to address structural costs. $37M charged in Q2 2021. Cumulative charges $209M; total expected $300M through 2022.
2021-06-30restructuringin_progress2019-01-01GlobalLegacy Delphi TechnologiesUSD 31 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Legacy Delphi plan to reshape technical center footprint. $31M charged in H1 2021. Cumulative charges $33M since Oct 2020. Additional significant charges expected.
2021-06-30plant_closurecompleted200EuropeAir ManagementUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Closure of facility in Europe affecting approximately 200 employees. Charge recorded in H1 2020 but referenced in context of ongoing restructuring activities.
2021-06-30plant_closurecompleted350Europee-Propulsion & DrivetrainUSD 17 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Closure of facility in Europe affecting approximately 350 employees. Charge recorded in H1 2020.
2021-06-30voluntary_separationcompleted350GlobalAir ManagementUSD 5 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Voluntary termination program where approximately 350 employees accepted packages. Charge recorded in H1 2020.
2021-06-30restructuringin_progressEmployee Severance [Member]USD 57,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-06-30restructuringin_progressOther [Member]USD 35,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-06-30restructuringin_progressUSD 92,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-06-30restructuringin_progress2020 Restructuring Plan [Member]USD 37,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-06-30restructuringin_progressDelphi Technologies Restructuring [Member]USD 33,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-06-30restructuringin_progressDelphi Technologies [Member]USD 31,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-06-30restructuringin_progressSeverance and Professional Fees [Member] / Air Management [Member]USD 12,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-06-30restructuringin_progressDelphi Technologies [Member] / Severance and Professional Fees [Member] / Air Management [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-06-30restructuringin_progressSeverance and Professional Fees [Member] / e-Propulsion & Drivetrain [Member]USD 5,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-06-30restructuringin_progressEurope [Member] / Facility Closing [Member] / e-Propulsion & Drivetrain [Member]USD 19,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-06-30restructuringin_progressDelphi Technologies [Member] / Severance and Professional Fees [Member] / Fuel Injection [Member]USD 24,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-03-31restructuringin_progress2020-02-012022-12-31GlobalMultiple segmentsUSD 300 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Program announced Feb 2020 to address structural costs; $172M cumulative charges through Q1 2021; $24M charged in Q1 2021; expected annual gross savings of $90-100M; employee counts not disclosed.
2021-03-31restructuringin_progress2019-01-012021-03-31GlobalAir Management, Fuel Injection (legacy Delphi Technologies technical centers)USD 7 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Legacy Delphi Technologies plan to realign technical center footprint and reduce salaried/contract staff; ~$5M charged in Q1 2021; substantially complete as of 2021-03-31; employee counts not disclosed.
2021-03-31plant_closurein_progressEuropee-Propulsion & DrivetrainUSD 4 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q1 2021 charges of $4M for professional fees and other costs associated with announced closure of a facility in Europe; employee counts not disclosed.
2021-03-31acquisition_additioncompleted2020-01-282020-10-01GlobalAir Management, e-Propulsion & Drivetrain, Fuel Injection, Aftermarketbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Delphi Technologies completed 2020-10-01; headcount added not disclosed in this filing.
2021-03-31acquisition_additionannounced2021-02-152021-06-30Europee-Propulsion & Drivetrain (battery systems)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Voluntary public takeover offer at €120/share valuing AKASOL at ~€727M; expected close Q2 2021; headcount not disclosed.
2021-03-31restructuringin_progress2020-02-012022-12-31GlobalCorporate / All SegmentsUSD 24 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Plan announced Feb 2020 to address structural costs. $24M recorded in Q1 2021. Cumulative charges $172M; total expected $300M through 2022. Employee count not disclosed.
2021-03-31restructuringcompleted2019-01-012021-03-31GlobalTechnical Centers / Salaried StaffUSD 5 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Legacy Delphi plan to reshape technical center footprint. $5M recorded in Q1 2021. Actions substantially completed as of March 31, 2021. Employee count not disclosed.
2021-03-31plant_closurein_progress2021-03-31Europee-Propulsion & DrivetrainUSD 4 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Announced closure of a facility in Europe. $4M recorded in Q1 2021 for professional fees and other costs. Employee count not disclosed.
2021-03-31restructuringin_progressEmployee Severance [Member]USD 21,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-03-31restructuringin_progressOther [Member]USD 9,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-03-31restructuringin_progressUSD 30,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-03-31restructuringin_progress2020 Restructuring Plan [Member]USD 24,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-03-31restructuringin_progressDelphi Technologies Restructuring [Member]USD 7,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-03-31restructuringin_progressDelphi Technologies [Member]USD 5,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-03-31restructuringin_progressSeverance and Professional Fees [Member] / Air Management [Member]USD 15,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-03-31restructuringin_progressDelphi Technologies [Member] / Severance and Professional Fees [Member] / Air Management [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-03-31restructuringin_progressSeverance and Professional Fees [Member] / e-Propulsion & Drivetrain [Member]USD 6,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-03-31restructuringin_progressEurope [Member] / Facility Closing [Member] / e-Propulsion & Drivetrain [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-03-31restructuringin_progressDelphi Technologies [Member] / Severance and Professional Fees [Member] / Fuel Injection [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-12-31acquisition_additioncompleted19,0002020-01-282020-10-01GlobalAir Management; e-Propulsion & Drivetrain; Fuel Injection; Aftermarketbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Approximately 19,000 employees added through the Delphi Technologies acquisition completed October 1, 2020; included in the 49,700 year-end total. Transaction Agreement dated January 28, 2020.
2020-12-31restructuringin_progress2020-022022-12-31GlobalCompany-wideUSD 148 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Cost restructuring plan announced February 2020; $148M recorded in FY2020 of an expected $300M total through 2022, with expected annual gross savings of $90M to $100M. Employee count not disclosed for the plan overall; may encompass the European facility closures listed separately. Air Management also recorded a voluntary termination program within its FY2020 restructuring expense without a disclosed headcount.
2020-12-31plant_closurein_progress200EuropeAir ManagementUSD 19 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Closure of one European facility affecting approximately 200 employees; charges cover statutory minimum benefits and negotiated one-time termination benefits. Announcement date and completion date not disclosed.
2020-12-31plant_closurein_progress350Europee-Propulsion & DrivetrainUSD 55 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Closure of a second European facility affecting approximately 350 employees. MD&A states the two European closures together affect approximately 550 employees. Announcement date and completion date not disclosed.
2020-12-31restructuringin_progress20192021-12-31GlobalLegacy Delphi Technologies — global technical center footprint and salaried/contract staffUSD 54 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Plan announced by legacy Delphi Technologies in 2019 and assumed in the October 2020 acquisition; $54M recorded in Q4 2020 (FY2020 activity only). Expected charges of up to $175M in total, with the majority of actions expected complete by end of 2021. Separately, $44M of corporate restructuring expense was recorded in FY2020 for contractually required Delphi executive severance and termination benefits.
2020-12-31acquisition_additionannounced2021-02-152021-06-30GermanyBattery systems (AKASOL AG)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Post-year-end voluntary public takeover offer at EUR 120.00 per share valuing AKASOL at approximately EUR 727 million; holders of about 59% committed to accept. Headcount not disclosed; expected close in Q2 2021.
2020-12-31restructuringin_progress2020-022022-12-31GlobalMultiple segmentsUSD 148 (millions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Cost restructuring plan announced in Feb 2020. Total expected costs $300 million through 2022. $148 million recorded in 2020.
2020-12-31plant_closurein_progress2002020EuropeAir ManagementUSD 19 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Closure of facility affecting approximately 200 employees.
2020-12-31plant_closurein_progress3502020Europee-Propulsion & DrivetrainUSD 55 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Closure of facility affecting approximately 350 employees.
2020-12-31restructuringin_progress2020-10-012021-12-31GlobalLegacy Delphi TechnologiesUSD 54 (millions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Restructuring related to legacy Delphi Technologies, including global technical center footprint realignment. Majority of actions expected to be completed by end of 2021.
2020-12-31acquisition_additioncompleted19,0002020-10-012020-10-01GlobalAll segmentsItem_1_Business
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Acquisition of Delphi Technologies PLC added approximately 19,000 employees.
2020-12-31restructuringin_progress2020-022022-12-31GlobalCorporate / All SegmentsUSD 148 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Cost restructuring plan announced in Feb 2020. $148M recorded in 2020. Total expected costs $300M through 2022. Employee count not specified for this specific plan in the narrative.
2020-12-31plant_closurein_progress5502020EuropeAir Management / e-Propulsion & DrivetrainMD&A
f5-10k / Qwen3.6-27B-Q8_0
Closure of two facilities in Europe affecting approximately 550 employees. Included in restructuring expense.
2020-12-31acquisition_additioncompleted19,0002020-10-012020-10-01GlobalAll SegmentsItem_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Approximately 19,000 employees added as a result of the acquisition of Delphi Technologies.
2020-12-31restructuringin_progress20192021-12-31GlobalFuel Injection / CorporateUSD 54 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Legacy Delphi Technologies restructuring plan announced in 2019 to reshape global technical center footprint. $54M recorded in Q4 2020. Majority of actions expected to be completed by end of 2021. Employee count not specified.
2020-12-31restructuringin_progressUSD 203,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-12-31restructuringin_progressEmployee Severance [Member]USD 157,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-12-31restructuringin_progressOther [Member]USD 46,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-12-31restructuringin_progress2020 Restructuring Plan [Member]USD 148,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-12-31restructuringin_progressDelphi Technologies [Member]USD 54,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-12-31restructuringin_progressSeverance And Professional Fees [Member] / Engine [Member]USD 59,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-12-31restructuringin_progressEurope [Member] / Facility Closing [Member] / Engine [Member]USD 19,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-12-31restructuringin_progress350Facility Closing [Member] / Drivetrain [Member]USD 55,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-12-31restructuringin_progressSeverance And Professional Fees [Member] / Drivetrain [Member]USD 14,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-12-31restructuringin_progressDelphi Technologies [Member] / Fuel Injection [Member]USD 8,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-12-31restructuringin_progressCorporate, Non-Segment [Member] / Delphi Technologies [Member] / Employee Severance [Member]USD 44,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-12-31restructuringin_progress200Engine [Member]restructuring_footnote
f5-10k / no-ai-xblr
2020-09-30plant_closurein_progress200EuropeEngineUSD 3 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Statutory minimum termination benefits for announced closure of a European facility; future cash payments expected through 2022.
2020-09-30plant_closurein_progress350EuropeDrivetrainUSD 19 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Statutory minimum termination benefits for announced closure of a European facility; subject to negotiation with labor unions which could result in additional benefits.
2020-09-30restructuringin_progress2020-01-012023-12-31GlobalEngine and DrivetrainUSD 72 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Comprehensive plan initiated Q1 2020 to reduce structural costs; $72M recognized YTD through September 30, 2020. Total expected cash restructuring costs of $275M–$300M through end of 2023, with annual savings of $90M–$100M by 2023. Employee counts not disclosed for the overall program.
2020-09-30acquisition_additioncompleted2020-01-282020-10-01GlobalEngine and Drivetrainbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Delphi Technologies PLC completed October 1, 2020 (subsequent event); headcount added not disclosed in this filing.
2020-09-30restructuringin_progress2002020-03-312022-12-31EuropeEngineUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Announced closure of a facility in Europe affecting approximately 200 employees. Charge reflects statutory minimum benefits.
2020-09-30restructuringin_progress3502020-03-312022-12-31EuropeDrivetrainUSD 19 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Announced closure of a facility in Europe affecting approximately 350 employees. Charge reflects statutory minimum benefits.
2020-09-30restructuringin_progress2020-03-312022-12-31GlobalCorporate/GeneralUSD 50 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Comprehensive plan to reduce structural costs initiated in Q1 2020. Total YTD charge of $72M includes $40M Engine (severance/professional fees) and $8M Drivetrain (severance/professional fees) excluding the specific plant closure charges above. Employee count not specified for this general component.
2020-09-30restructuringin_progressUSD 20,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-09-30restructuringin_progressVoluntary Employee Severance [Member] / Engine [Member]USD 15,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-09-30restructuringin_progressOne-time Termination Benefits [Member] / Engine [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-09-30restructuringin_progressSeverance And Professional Fees [Member] / Drivetrain [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-09-30restructuringin_progressOne-time Termination Benefits [Member] / Drivetrain [Member]USD 19,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-09-30restructuringin_progressEmployee Severance [Member] / Drivetrain [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-09-30restructuringin_progressEmployee Severance [Member] / Engine [Member]USD 9,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-09-30restructuringin_progressEmployee Severance [Member]USD 10,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-09-30restructuringin_progress200Engine [Member]restructuring_footnote
f5-10q / no-ai-xblr
2020-09-30restructuringin_progress350Drivetrain [Member]restructuring_footnote
f5-10q / no-ai-xblr
2020-06-30plant_closurein_progress5502020-06-302022-12-31EuropeEngine and DrivetrainUSD 20 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Decision made during Q2 2020; exact announcement date not specified. Termination benefits of $3M recorded in Engine and $17M in Drivetrain. Employee count not split by segment. Future cash payments expected through 2022. Benefits subject to labor union negotiation which could result in additional charges.
2020-06-30voluntary_separationin_progress2022-12-31EngineUSD 13 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
YTD charge for six months ended June 30, 2020. Ongoing voluntary termination program; Q2 charge was $5M. Number of participants not disclosed. Future cash payments expected through 2022.
2020-06-30restructuringin_progress2022-12-31EngineUSD 12 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
YTD charge for six months ended June 30, 2020 (Q2 charge $7M). Primarily severance costs and professional fees for other actions under comprehensive cost reduction plan. Employee count not disclosed.
2020-06-30restructuringin_progress2022-12-31DrivetrainUSD 5 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
YTD charge for six months ended June 30, 2020 (Q2 charge $3M). Primarily severance costs and professional fees for other actions under comprehensive cost reduction plan. Employee count not disclosed.
2020-06-30plant_closurein_progress5502020-06-30EuropeEngine and DrivetrainUSD 20 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Closure of two European facilities affecting approximately 550 employees. $3 million in Engine segment and $17 million in Drivetrain segment recorded as employee termination benefits during Q2 2020.
2020-06-30voluntary_separationin_progress2022-12-31GlobalEngineUSD 13 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Voluntary termination program in the Engine segment resulted in restructuring expense of $13 million for the six months ended June 30, 2020. Future cash payments expected to continue through 2022.
2020-06-30restructuringin_progressGlobalEngine and DrivetrainUSD 17 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Other actions associated with structural cost reduction plan. $12 million in Engine segment and $5 million in Drivetrain segment recorded for six months ended June 30, 2020, primarily related to severance costs and professional fees.
2020-06-30restructuringin_progress550USD 37,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-06-30restructuringin_progressOne-time Termination Benefits [Member] / Engine [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-06-30restructuringin_progressOne-time Termination Benefits [Member] / Drivetrain [Member]USD 17,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-06-30restructuringin_progressSeverance And Professional Fees [Member] / Engine [Member]USD 7,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-06-30restructuringin_progressSeverance And Professional Fees [Member] / Drivetrain [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-06-30restructuringin_progressVoluntary termination [Member] / Engine [Member]USD 5,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-06-30restructuringin_progressEmployee Severance [Member] / Drivetrain [Member]USD 17,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-06-30restructuringin_progressEmployee Severance [Member] / Engine [Member]USD 11,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-06-30restructuringin_progressEmployee Severance [Member]USD 28,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-03-31restructuringin_progressGlobalEngineUSD 11 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Severance accrual provision for the quarter; includes $5M for structural cost-reduction actions and $8M tied to an ongoing voluntary termination program in the Engine segment. No employee counts disclosed.
2020-03-31restructuringin_progressGlobalDrivetrainUSD 1 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Severance accrual provision for the quarter related to structural cost-reduction actions; no employee counts disclosed.
2020-03-31restructuringannounced2023-12-31GlobalCompany-wideMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Multi-year plan through end of 2023: primarily cash restructuring costs of $275M to $300M, with expected annual savings of approximately $90M to $100M by 2023. Charge stated as a range; no employee counts disclosed.
2020-03-31restructuringin_progressGlobalEngine and DrivetrainUSD 15 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Includes $5M in Engine and $2M in Drivetrain for severance; $8M in Engine for voluntary termination program. Employee counts not disclosed.
2020-03-31othercompletedGlobalSenior Executive Leadership and Salaried EmployeesMD&A
f5-10q / Qwen3.6-27B-Q8_0
Temporary 20% base salary reduction for senior executives and up to 10% for other salaried employees due to COVID-19.
2020-03-31restructuringin_progressUSD 15,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-03-31restructuringin_progressStructural costs reduction actions [Member] / Engine [Member]USD 5,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-03-31restructuringin_progressStructural costs reduction actions [Member] / Drivetrain [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-03-31restructuringin_progressEmployee Severance [Member] / Voluntary termination [Member] / Engine [Member]USD 8,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-03-31restructuringin_progressEmployee Severance [Member] / Drivetrain [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-03-31restructuringin_progressEmployee Severance [Member] / Engine [Member]USD 11,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-03-31restructuringin_progressEmployee Severance [Member]USD 12,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-12-31voluntary_separationcompleted350EngineUSD 37 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Voluntary termination program in the Engine segment; approximately 350 employees accepted termination packages, with $37 million restructuring expense recorded in FY2019.
2019-12-31restructuringin_progressEngineUSD 5 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
FY2019 charge for actions initiated to reduce existing structural costs; employee counts not disclosed.
2019-12-31restructuringin_progressDrivetrainUSD 6 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
FY2019 charge for actions initiated to reduce existing structural costs; employee counts not disclosed.
2019-12-31restructuringin_progressEngineUSD 18 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Current-year portion of actions initiated in 2017 (professional fees, employee termination benefits, relocation costs); FY2018 comparative was $54 million and is not extracted.
2019-12-31restructuringin_progressCorporateUSD 6 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
FY2019 Corporate restructuring expense; employee counts not disclosed.
2019-12-31divestiture_reductioncompleted2019-04-01Enginediscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of non-core thermostat product lines closed April 1, 2019; a $7 million additional loss on sale was recorded in FY2019 on finalization of purchase price adjustments. Headcount not disclosed.
2019-12-31divestiture_reductioncompletedEnginediscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Non-core pipes product lines transitioned to multiple buyers during FY2019; assets and liabilities removed from the balance sheet. Headcount not disclosed.
2019-12-31divestiture_reductioncompleted2019-10-30United StatesOther (asbestos liability entity)other
f5-10k / MiMo-V2.6-Flash-fp8-HTML
100% of BorgWarner Morse TEC LLC transferred to Enstar Holdings (US) LLC on October 30, 2019, contributing approximately $172 million cash; derecognition produced a $177 million pre-tax gain. Headcount not disclosed.
2019-12-31acquisition_additioncompleted2019-01-02United StatesDrivetrainbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Rinehart Motion Systems LLC and AM Racing LLC for approximately $15 million, combined into Cascadia Motion LLC (Oregon). Headcount added not disclosed.
2019-12-31restructuringannounced2023-12-31Company-wideMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Multi-year program to reduce structural costs: primarily cash restructuring costs of $275 million to $300 million through end of 2023, with expected annual savings of approximately $90 million to $100 million by 2023. Employee counts not disclosed; only FY2019 charges extracted above.
2019-12-31acquisition_additionannounced2020-01-282020-12-31Company-widesubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Definitive agreement to acquire Delphi Technologies PLC in an all-stock transaction valued at approximately $3.3 billion; expected to close in the second half of 2020, subject to Delphi stockholder approval and regulatory approvals. Headcount not disclosed.
2019-12-31restructuringcompletedGlobalEngine and DrivetrainUSD 72 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Recorded $72 million in restructuring expense primarily related to actions to reduce structural costs. Employee count not explicitly disclosed in footnote, though MD&A mentions voluntary termination program in Engine segment where approx 350 employees accepted packages.
2019-12-31voluntary_separationcompleted350Engine SegmentEngineMD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Voluntary termination program in the European emissions business where approximately 140 employees accepted termination packages; total 350 employees accepted termination packages in Engine segment.
2019-12-31restructuringcompletedEuropeEngineUSD 28 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Recorded approx $28 million of employee severance expense during 2018 for European emissions business voluntary termination program (140 employees). Included in 2019 cumulative context.
2019-12-31voluntary_separationcompleted3502019Engine SegmentEngineUSD 37 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Voluntary termination program in the Engine segment where approximately 350 employees accepted termination packages.
2019-12-31restructuringcompleted2019Engine SegmentEngineUSD 18 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Continuation of actions initiated in 2017 to improve profitability, primarily professional fees, employee termination benefits and relocation costs.
2019-12-31restructuringcompleted2019CorporateCorporateUSD 6 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Corporate restructuring activities.
2019-12-31restructuringcompleted2019Engine SegmentEngineUSD 5 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Actions to reduce existing structural costs.
2019-12-31restructuringcompleted2019Drivetrain SegmentDrivetrainUSD 6 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Actions to reduce existing structural costs.
2019-12-31restructuringin_progressUSD 72,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-12-31restructuringin_progressReduce structural costs [Member] / Engine [Member]USD 5,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-12-31restructuringin_progressReduce structural costs [Member] / Drivetrain [Member]USD 6,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-12-31restructuringin_progressEmployee Severance [Member] / Reduce structural costs [Member] / Engine [Member]USD 37,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-12-31restructuringin_progressProfessional Fees, Employee Termination and Relocation Costs [Member] / Engine [Member]USD 18,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-12-31restructuringin_progressNon-Europe [Member] / Employee Severance [Member] / Engine [Member]USD 6,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-12-31restructuringin_progressCorporate Restructuring Activities [Member]USD 6,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-12-31restructuringin_progressManufacturing Footprint Rationalization Activities [Member] / Drivetrain [Member]USD 10,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-12-31restructuringin_progressEmployee Severance [Member] / Drivetrain [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-12-31restructuringin_progress350Employee Severance [Member] / Engine [Member]USD 43,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-12-31restructuringin_progressEmployee Severance [Member]USD 44,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-12-31restructuringin_progress140Europe [Member] / Professional Fees, Employee Termination and Relocation Costs [Member] / Engine [Member]restructuring_footnote
f5-10k / no-ai-xblr
2019-09-30restructuringin_progressEngineUSD 3 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Structural cost reduction actions; charge is for the three months ended September 30, 2019; no employee count or completion date disclosed
2019-09-30restructuringin_progressDrivetrainUSD 1 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Structural cost reduction actions; charge is for the three months ended September 30, 2019; no employee count or completion date disclosed
2019-09-30voluntary_separationin_progressEngineUSD 18 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Voluntary termination program initiated in 2019; charge is for the nine months ended September 30, 2019 ($7 million in Q3); no participant count disclosed
2019-09-30restructuringin_progressCorporateUSD 3 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Corporate restructuring activities; charge is for the nine months ended September 30, 2019; no employee count or completion date disclosed
2019-09-30restructuringin_progressEngineUSD 7 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Voluntary termination program in Engine segment; employee count not disclosed.
2019-09-30restructuringin_progressEngineUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Actions to reduce existing structural costs in Engine segment; employee count not disclosed.
2019-09-30restructuringin_progressDrivetrainUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Actions to reduce existing structural costs in Drivetrain segment; employee count not disclosed.
2019-09-30restructuringin_progressCorporateUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Corporate restructuring activities; employee count not disclosed.
2019-09-30restructuringin_progressUSD 14,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-09-30restructuringin_progressEmissions [Member] / Engine [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-09-30restructuringin_progressStructural costs reduction actions [Member] / Engine [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-09-30restructuringin_progressStructural costs reduction actions [Member] / Drivetrain [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-09-30restructuringin_progressEmployee Severance [Member] / Voluntary termination [Member] / Engine [Member]USD 7,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-09-30restructuringin_progressCorporate, Non-Segment [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-09-30restructuringin_progressEmployee Severance [Member] / Drivetrain [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-09-30restructuringin_progressEmployee Severance [Member] / Engine [Member]USD 8,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-09-30restructuringin_progressEmployee Severance [Member]USD 8,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-06-30restructuringin_progressEngineUSD 11 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Program initiated in Q3 2017 (exact announcement date not disclosed); restructuring expense of $4M in Q2 2019 and $11M YTD 2019, primarily professional fees and employee termination benefits; no employee counts disclosed; company states further charges could be material
2019-06-30voluntary_separationin_progressEngineUSD 11 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Separate voluntary termination program initiated in Q1 2019 (exact announcement date not disclosed); restructuring expense of $7M in Q2 2019 and $11M YTD 2019; no employee counts disclosed
2019-06-30restructuringin_progressCorporateUSD 3 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Restructuring expense of $3M recorded YTD 2019 for Corporate activities; no employee counts or completion timing disclosed
2019-06-30restructuringin_progressEngineUSD 13 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Q2 2019 expense of $13M related to actions designed to improve future profitability and competitiveness. Includes $4M from ongoing actions and $7M from a separate voluntary termination program initiated in Q1 2019. Employee count not disclosed.
2019-06-30restructuringin_progressCorporateUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Q2 2019 expense of $3M related to Corporate restructuring activities. Employee count not disclosed.
2019-06-30divestiture_reductioncompleted2019-04-01Enginebusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Sale of non-core pipe and thermostat product lines closed on April 1, 2019. Employee count not disclosed.
2019-06-30restructuringin_progressUSD 13,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-06-30restructuringin_progressEmissions [Member] / Engine [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-06-30restructuringin_progressEmployee Severance [Member] / Voluntary termination [Member] / Engine [Member]USD 7,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-06-30restructuringin_progressCorporate, Non-Segment [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-06-30restructuringin_progressEmployee Severance [Member] / Drivetrain [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-06-30restructuringin_progressEmployee Severance [Member] / Engine [Member]USD 8,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-06-30restructuringin_progressEmployee Severance [Member]USD 8,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-03-31restructuringin_progressEngineUSD 7 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Continuation of Engine segment actions begun in Q3 2017 to improve profitability; Q1 2019 restructuring expense of $7M, primarily professional fees and employee termination benefits. Matches the $7M severance accrual provision for the quarter (accrual fell from $25M to $12M after $20M cash payments). No employee count disclosed.
2019-03-31voluntary_separationin_progressEngineUSD 4 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Separate voluntary termination program initiated in the Engine segment during Q1 2019; $4M restructuring expense recorded. Filer states further restructuring charges could be material. No participant count disclosed.
2019-03-31restructuringin_progressCorporateUSD 3 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Corporate restructuring activities recorded $3M of restructuring expense in Q1 2019. No employee count or completion timeline disclosed.
2019-03-31restructuringin_progressEngineUSD 11 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Includes $7M for ongoing actions and $4M for a separate voluntary termination program initiated in Q1 2019.
2019-03-31restructuringin_progressCorporateUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Corporate restructuring activities.
2019-03-31restructuringin_progressCorporate, Non-Segment [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-03-31restructuringin_progressEmployee Severance [Member] / Voluntary termination [Member] / Engine [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-03-31restructuringin_progressEmissions [Member] / Engine [Member]USD 7,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-03-31restructuringin_progressUSD 14,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-03-31restructuringin_progressEmployee Severance [Member]USD 7,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-03-31restructuringin_progressEmployee Severance [Member] / Drivetrain [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-03-31restructuringin_progressEmployee Severance [Member] / Engine [Member]USD 7,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-12-31voluntary_separationcompleted140EuropeEngine — emissions businessUSD 28 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Voluntary termination program in the European emissions business; approximately 140 employees accepted termination packages during fiscal 2018, producing approximately $28.4 million of employee severance expense. Part of the broader Engine segment restructuring charge of $53.5 million for the year.
2018-12-31restructuringin_progressNot specifiedEngine — other locationsUSD 6 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Employee termination benefits recorded in other Engine segment locations during fiscal 2018, in addition to the European voluntary program. Headcount affected not disclosed.
2018-12-31restructuringin_progressNot specifiedDrivetrainUSD 10 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Drivetrain segment restructuring expense for fiscal 2018, primarily manufacturing footprint rationalization activities. Headcount affected not disclosed. Filing states further restructuring actions may result in additional charges that could be material.
2018-12-31divestiture_reductionannounced2018-12-312019-03-31Not specifiedEngine — non-core pipe and thermostat product linesUSD 26 (millions)other
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Definitive agreement reached in December 2018 to sell thermostat product lines for approximately $28.0 million; completion expected in Q1 2019. An additional $25.6 million asset impairment was recorded in fiscal 2018 to write the held-for-sale group down to fair value less costs to sell (a $71.0 million impairment was recorded in Q4 2017). Headcount associated with the divested lines is not disclosed.
2018-12-31restructuringcompleted2018-01-012018-12-31GlobalEngine and DrivetrainUSD 67 (millions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Restructuring expense of $67.1 million related to Engine and Drivetrain segment actions designed to improve future profitability and competitiveness, primarily related to employee termination benefits, professional fees, and manufacturing footprint rationalization activities. Specific headcount not disclosed.
2018-12-31restructuringcompleted1402018-01-012018-12-31EuropeEngineUSD 28 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Voluntary termination program in the European emissions business where approximately 140 employees accepted the termination packages. Recorded approximately $28.4 million of employee severance expense.
2018-12-31restructuringcompleted2018-01-012018-12-31OtherEngineUSD 6 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Recorded $6.0 million employee termination benefits in other locations in the Engine segment. Specific headcount not disclosed.
2018-12-31restructuringcompleted2018-01-012018-12-31GlobalDrivetrainUSD 10 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Recorded restructuring expense of $10.3 million in the Drivetrain segment primarily related to manufacturing footprint rationalization activities. Specific headcount not disclosed.
2018-12-31restructuringcompleted2018-01-012018-12-31GlobalEngine and DrivetrainUSD 67 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Restructuring expense of $67.1 million related to Engine and Drivetrain segment actions designed to improve future profitability and competitiveness, primarily related to employee termination benefits, professional fees, and manufacturing footprint rationalization activities.
2018-12-31restructuringcompleted1402018-01-012018-12-31EuropeEngineUSD 28 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Voluntary termination program in the European emissions business where approximately 140 employees accepted termination packages.
2018-12-31restructuringcompleted2018-01-012018-12-31OtherEngineUSD 6 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Employee termination benefits in other locations in the Engine segment.
2018-12-31restructuringcompleted2018-01-012018-12-31GlobalDrivetrainUSD 10 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Restructuring expense primarily related to manufacturing footprint rationalization activities.
2018-12-31restructuringin_progressUSD 22,700,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2018-12-31restructuringin_progressEmployee Severance [Member]USD 41,500,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2018-12-31restructuringin_progressEmployee Severance [Member] / Emissions [Member] / Engine [Member]USD 28,400,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2018-12-31restructuringin_progressEmployee Severance [Member] / Non-Emissions [Member] / Engine [Member]USD 6,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2018-12-31restructuringin_progressEmployee Severance [Member] / Drivetrain [Member]USD 7,100,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2018-12-31restructuringin_progressEmployee Severance [Member] / Engine [Member]USD 34,400,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2018-12-31restructuringin_progressDrivetrain [Member]USD 10,300,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2018-12-31restructuringin_progressEngine [Member]USD 53,500,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2018-12-31restructuringin_progress140Emissions [Member] / Engine [Member]restructuring_footnote
f5-10k / no-ai-xblr
Expected positions to be eliminated
2018-09-30restructuringin_progress140EuropeEngine (emissions business)USD 38 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Emissions-business actions recorded $38.1M restructuring expense YTD 2018, primarily professional fees and termination benefits. Includes a voluntary termination program initiated in Q2 2018 under which ~140 employees accepted packages, generating ~$26.9M of severance expense; filer warns additional charges could be material.
2018-09-30restructuringin_progressDrivetrainUSD 6 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Manufacturing footprint rationalization activities; $6.0M expense recorded in the nine months ended 2018-09-30 ($0.5M in Q3). No employee count disclosed.
2018-09-30voluntary_separationin_progress1402018-06-30EuropeEngineUSD 27 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Voluntary termination program in European emissions business; approximately 140 employees accepted packages.
2018-09-30restructuringin_progress2017-09-30GlobalEngineUSD 5 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Actions within emissions business to improve profitability; charge primarily for professional fees and employee termination benefits.
2018-09-30restructuringin_progress2018-01-01GlobalDrivetrainUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Manufacturing footprint rationalization activities.
2018-09-30restructuringin_progressUSD 5,700,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-09-30restructuringin_progressEmployee Severance [Member]USD 1,400,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-09-30restructuringin_progressEmployee Severance [Member] / Drivetrain [Member]USD -500,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-09-30restructuringin_progressEmployee Severance [Member] / Engine [Member]USD 1,900,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-09-30restructuringin_progressDrivetrain [Member]USD 500,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-09-30restructuringin_progressEngine [Member]USD 5,200,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-09-30restructuringin_progressEmployee Severance [Member] / Emissions [Member] / Engine [Member]USD 26,900,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-09-30restructuringin_progress140Emissions [Member] / Engine [Member]restructuring_footnote
f5-10q / no-ai-xblr
Expected positions to be eliminated
2018-06-30voluntary_separationcompleted1402018-06-30EuropeEngine — emissions businessUSD 25 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Voluntary termination program initiated in Q2 2018; approximately 140 employees accepted packages. Part of broader Engine segment restructuring with total Q2 charge of $28.1M (including professional fees and other termination benefits). Announcement date approximate — filing states only that program was initiated during the quarter.
2018-06-30restructuringin_progress2018-06-30Drivetrain — manufacturing footprint rationalizationUSD 3 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q2 2018 restructuring expense of $3.2M ($5.5M YTD) for manufacturing footprint rationalization; no employee count disclosed. Announcement date approximate — filing states only that charges were recorded during the quarter.
2018-06-30voluntary_separationin_progress1402018-04-01EuropeEngineUSD 25 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Voluntary termination program in European emissions business; approx. 140 employees accepted packages.
2018-06-30restructuringin_progress2017-07-01GlobalEngineUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Continuation of actions initiated in Q3 2017 to improve profitability; charge includes professional fees and employee termination benefits (excluding the 140 voluntary terminations captured separately).
2018-06-30restructuringin_progressGlobalDrivetrainUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Manufacturing footprint rationalization activities.
2018-06-30restructuringin_progressUSD 31,200,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-06-30restructuringin_progressEmployee Severance [Member]USD 27,100,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-06-30restructuringin_progressEmployee Severance [Member] / Emissions [Member] / Engine [Member]USD 25,300,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-06-30restructuringin_progressEmployee Severance [Member] / Drivetrain [Member]USD 1,700,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-06-30restructuringin_progressEmployee Severance [Member] / Engine [Member]USD 25,400,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-06-30restructuringin_progressDrivetrain [Member]USD 3,200,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-06-30restructuringin_progressEngine [Member]USD 28,100,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-06-30restructuringin_progress140Emissions [Member] / Engine [Member]restructuring_footnote
f5-10q / no-ai-xblr
Expected positions to be eliminated
2018-03-31restructuringin_progress2017-07-01EuropeEngine (emissions business)USD 5 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Actions initiated in Q3 2017 to improve profitability of European emissions business; Q1 2018 charge covers professional fees and termination benefits. Employee count not disclosed; further material charges possible.
2018-03-31restructuringin_progress2018-01-01DrivetrainUSD 2 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Manufacturing footprint rationalization activities; employee count not disclosed.
2018-03-31divestiture_reductionin_progress2017-12-01Engine (non-core pipes and thermostat product lines)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Assets/liabilities classified held for sale; company continued seeking a buyer in Q1 2018. Headcount associated with divested lines not disclosed.
2018-03-31restructuringin_progress2017-09-30EuropeEngineUSD 5 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Actions initiated in Q3 2017 within emissions business to improve profitability; Q1 2018 charge primarily for professional fees and employee termination benefits.
2018-03-31restructuringin_progress2018-01-01DrivetrainUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Manufacturing footprint rationalization activities.
2018-03-31restructuringin_progressUSD 7,500,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-03-31restructuringin_progressEmployee Severance [Member]USD 1,800,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-03-31restructuringin_progressEmployee Severance [Member] / Drivetrain [Member]USD 1,100,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-03-31restructuringin_progressEmployee Severance [Member] / Engine [Member]USD 700,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-03-31restructuringin_progressDrivetrain [Member]USD 2,300,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-03-31restructuringin_progressEngine [Member]USD 4,800,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-12-31restructuringin_progressEngine — emissions businessUSD 48 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Actions initiated in the third quarter of 2017 (exact date not disclosed) covering professional fees and negotiated commercial costs for emissions business divestiture and manufacturing footprint rationalization; no employee count disclosed. Filer warns further charges on the remaining European emissions business could be material. Total 2017 restructuring expense was $58.5M across all programs.
2017-12-31restructuringcompleted2017-09-27Drivetrain — Sevcon, Inc.USD 7 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Contractually required severance for Sevcon executive officers and other employee termination benefits recorded in connection with the September 27, 2017 acquisition; number of employees affected not disclosed.
2017-12-31acquisition_additioncompleted2017-09-27GlobalDrivetrain — power electronics / electrificationbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
100% of Sevcon acquired for $185.7 million cash; acquired headcount not disclosed. Sevcon serves customers in the U.S., U.K., France, Germany, Italy, China and Asia Pacific.
2017-12-31divestiture_reductionin_progressEngine — non-core pipes and thermostat product linesother
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Strategic review begun Q3 2017; active program to locate a buyer launched in Q4 2017 (exact dates not disclosed) and held-for-sale criteria met at December 31, 2017. Associated $71.0 million asset impairment recorded to fair value less costs to sell; no headcount disclosed for the business.
2017-12-31restructuringcompleted2017-07-01GlobalEngine and DrivetrainUSD 59 (millions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Actions initiated in Q3 2017 to improve profitability and competitiveness, including emissions business divestiture and manufacturing footprint rationalization. Charge includes $48.2M professional fees/commercial costs and $6.8M severance for Sevcon acquisition.
2017-12-31acquisition_additioncompleted2017-09-27GlobalDrivetrainMD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Acquisition of Sevcon, Inc. completed on September 27, 2017. Headcount not explicitly disclosed.
2017-12-31restructuringcompleted2017-09-30GlobalEngine and DrivetrainUSD 59 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Includes $48.2M for emissions business divestiture and footprint rationalization; $6.8M for Sevcon executive severance. Employee count not explicitly disclosed in footnote.
2017-12-31acquisition_additioncompleted2017-09-27GlobalDrivetrainbusiness_combinations_footnote
f5-10k / Qwen3.6-27B-Q8_0
Acquisition of Sevcon, Inc. Headcount added not explicitly disclosed.
2017-12-31restructuringin_progressUSD 45,200,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-12-31restructuringin_progressEmployee Severance [Member]USD 6,100,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-12-31restructuringin_progressEmployee Severance [Member] / Drivetrain [Member]USD 4,700,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-12-31restructuringin_progressEmployee Severance [Member] / Engine [Member]USD 1,400,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-12-31restructuringin_progressDrivetrain [Member]USD 6,800,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-12-31restructuringin_progressEngine [Member]USD 48,200,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-12-31restructuringin_progress2017-07-01Engine segment — emissions businessUSD 48 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Actions initiated in Q3 2017 within the emissions business: professional fees and negotiated commercial costs for divestiture of non-core product lines plus manufacturing footprint rationalization. Company states the plan to improve its remaining European emissions business will continue and may result in additional material charges. Employees affected not disclosed
2017-12-31restructuringcompleted2017-09-27Drivetrain segment — SevconUSD 7 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Contractually required severance for Sevcon executive officers and other employee termination benefits recorded in connection with the September 27, 2017 acquisition. Employees affected not disclosed
2017-12-31acquisition_additioncompleted2017-09-272017-09-27United States, United Kingdom, France, Germany, Italy, China, Asia PacificDrivetrain segment — power electronics / electrificationbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
100% acquisition of Sevcon, Inc. for $185.7 million cash; headcount added through the acquisition not disclosed
2017-12-31divestiture_reductionannounced2017-10-01Engine segment — non-core pipes and thermostat product linesother
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Active program launched in Q4 2017 to locate a buyer for the non-core pipes and thermostat product lines; assets ($67.3M) and liabilities ($29.5M) met held-for-sale criteria at December 31, 2017 with a $71.0M asset impairment recorded. Associated headcount not disclosed
2017-12-31restructuringin_progressUSD 45,200,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-12-31restructuringin_progressEmployee Severance [Member]USD 6,100,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-12-31restructuringin_progressEmployee Severance [Member] / Drivetrain [Member]USD 4,700,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-12-31restructuringin_progressEmployee Severance [Member] / Engine [Member]USD 1,400,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-12-31restructuringin_progressDrivetrain [Member]USD 6,800,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-12-31restructuringin_progressEngine [Member]USD 48,200,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-09-30restructuringin_progress2018-03-31EuropeEngine segment — emissions businessUSD 13 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Actions initiated in Q3 2017 to improve competitiveness of the emissions business; no employee count disclosed. Company is exploring strategic options for non-core product lines, which may result in impairment or additional restructuring charges that could be material. Cash payments expected complete by Q1 2018. Related severance accrual provision in Q3 2017 was $0.7M for the Engine segment.
2017-09-30restructuringin_progress2017-09-272018-03-31Drivetrain segment — Sevcon executive officersUSD 1 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Contractually required severance for Sevcon executive officers recorded in connection with the September 27, 2017 acquisition; number of executives not disclosed. Cash payments expected complete by Q1 2018.
2017-09-30acquisition_additioncompleted2017-09-27Global (U.S., U.K., France, Germany, Italy, China, Asia Pacific)Drivetrain segmentbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of 100% of Sevcon, Inc. for cash of $185.7 million; headcount added through the acquisition not disclosed. Sevcon operating results from acquisition date through September 30, 2017 were insignificant.
2017-09-30restructuringin_progress2017-09-30EuropeEngineUSD 13 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Initiation of actions within emissions business to improve profitability; may result in additional material charges.
2017-09-30restructuringin_progress2017-09-272018-03-31GlobalDrivetrainUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Sevcon acquisition related severance for executive officers; cash payments expected completed by Q1 2018.
2017-09-30restructuringin_progress2017-01-01Western EuropeDrivetrainUSD 8 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Continuation of 2013 actions; finalized severance agreements with three labor unions for approximately 450 employees.
2017-09-30restructuringin_progressUSD 13,300,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-09-30restructuringin_progressEmployee Severance [Member]USD 1,400,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-09-30restructuringin_progressEmployee Severance [Member] / Drivetrain [Member]USD 700,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-09-30restructuringin_progressEmployee Severance [Member] / Engine [Member]USD 700,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-09-30restructuringin_progressEngine [Member]USD 12,600,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-09-30restructuringin_progressSevcon, Inc [Member]USD 700,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-06-30restructuringin_progress2017-12-31Western Europe; North America; MexicoDrivetrain; Enginerestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Legacy restructuring programs (initiated 2013-2015, including Remy integration actions) continued winding down: no restructuring expense recorded in the three or six months ended 2017-06-30; severance accrual was $2.3M at 2017-06-30 after $4.3M of cash payments year-to-date. Filer states cash payments for these activities are expected to complete by end of 2017. No current-period employee counts disclosed; prior-year sub-actions (e.g., ~450 employees at three Western European facilities) relate to 2016 and are excluded.
2017-06-30acquisition_additionannounced2017-07-172017-12-31United States; United Kingdom; France; Germany; Italy; China; Asia PacificEngine (power electronics / electrification)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Definitive agreement to acquire Sevcon, Inc., a electrification technologies company; expected enterprise value approximately $200 million at closing, expected to close in Q4 2017, subject to Sevcon stockholder approval and competition law clearance. No headcount added disclosed.
2017-06-30restructuringin_progress2017-12-31North AmericaRemy operationsrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Cash payments for Remy restructuring activities expected to be complete by end of 2017. No specific employee count disclosed for current period activity.
2017-06-30restructuringin_progressWestern EuropeDrivetrainrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Severance accruals exist for Drivetrain segment. No new employee counts disclosed for Q2 2017.
2017-06-30restructuringin_progressEuropeEnginerestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Severance accruals exist for Engine segment. No new employee counts disclosed for Q2 2017.
2017-06-30restructuringin_progressUSD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-03-31restructuringin_progress2013-Q42017-12-31Western EuropeDrivetrainrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Continuation of actions initiated in Q4 2013. Severance agreements finalized with three labor unions for approx. 450 employees. No new charges recorded in Q1 2017; cash payments of $1.6M recorded. Expected completion by end of 2017.
2017-03-31restructuringin_progress2014-Q22017-12-31GermanyEnginerestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Actions initiated in Q2 2014 for Gustav Wahler GmbH. No new charges recorded in Q1 2017; cash payments of $2.1M recorded. Expected completion by end of 2017.
2017-03-31restructuringin_progressUSD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-12-31restructuringin_progress4502013-10-012017-12-31Western EuropeDrivetrainUSD 8 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Multi-year program initiated Q4 2013; 450 employees is the cumulative program figure across three labor unions at separate facilities. $8.2M is the FY2016 charge only (prior years: $28.0M in 2015, $61.8M in 2014). Cash payments expected complete by end of 2017.
2016-12-31restructuringin_progress2014-06-012017-12-31Germany, Brazil, China, United StatesEngineUSD 10 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Restructuring of the 2014 Wahler acquisition; $9.6M FY2016 charge. Employee headcount affected in 2016 not separately disclosed (prior years: ~70 employees in 2015, ~95 in 2014).
2016-12-31restructuringin_progress2015-11-102017-12-31North America, MexicoDrivetrainUSD 6 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Restructuring following the 2015 Remy acquisition; $6.1M FY2016 charge, including $3.1M for winding down certain North American operations and $2.0M employee termination benefits. Headcount affected in 2016 not disclosed.
2016-12-31divestiture_reductioncompleted2016-10-012016-12-31North America, South America, EuropeDrivetrain — Remy light vehicle aftermarketUSD 127 (millions)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of Remy light vehicle aftermarket business for ~$80M cash; total loss on divestiture of $127.1M in FY2016. Total assets of $284.1M and liabilities of $93.2M removed from balance sheet. Employees affected not disclosed.
2016-12-31divestiture_reductioncompleted2016-08-012016-08-31IndiaDrivetrainbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of 60% ownership interest in Divgi-Warner Private Limited to the JV partner; cash proceeds ~$5.4M net. Employees affected not disclosed.
2016-12-31restructuringcompleted4502013-10-012017-12-31Western EuropeDrivetrainUSD 8 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Continuation of prior year actions. Finalized severance agreements with three labor unions. Cash payments expected to be complete by end of 2017.
2016-12-31restructuringcompleted2014-04-012017-12-31Germany, Brazil, China, U.S.EngineUSD 10 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Restructuring of Gustav Wahler GmbH acquisition. Employee termination benefits primarily related to this action.
2016-12-31restructuringcompleted2015-10-012017-12-31North America, MexicoDrivetrainUSD 6 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Restructuring of Remy International acquisition. Includes winding down certain operations in North America and severance for Remy executive officers.
2016-12-31restructuringcompleted2014-06-012017-12-31GlobalCorporaterestructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Global realignment plan to enhance treasury management flexibility. No specific employee count disclosed for 2016 activity.
2016-12-31restructuringcompleted4502014-01-012016-12-31Western EuropeDrivetrainUSD 8 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Continuation of prior year actions; finalized severance agreements with three labor unions at separate facilities for approximately 450 employees. Charge recorded in 2016.
2016-12-31restructuringcompleted2014-06-012016-12-31Germany, Brazil, China, U.S.EngineUSD 10 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Restructuring of Wahler acquisition. Employee termination benefits primarily related to approximately 70 employees in Germany and Brazil (2015) and 95 employees in Germany, Brazil, China and U.S. (2014). 2016 charge relates to continuation.
2016-12-31restructuringcompleted2015-10-012017-12-31North America, MexicoDrivetrainUSD 6 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Restructuring of Remy acquisition. Includes winding down certain operations in North America and employee termination benefits in Mexico. Cash payments expected to be complete by end of 2017.
2016-12-31restructuringin_progressUSD 26,900,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2016-12-31restructuringin_progressEmployee Severance [Member]USD 10,600,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2016-12-31restructuringin_progressEmployee Severance [Member] / Drivetrain [Member]USD 5,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2016-12-31restructuringin_progressEmployee Severance [Member] / Engine [Member]USD 5,600,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2016-12-31restructuringin_progress450Drivetrain [Member]USD 8,200,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
Expected positions to be eliminated
2016-12-31restructuringin_progressRemy International Inc. [Member]USD 6,100,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2016-09-30restructuringin_progress4502013-10-012017-12-31Western EuropeDrivetrainUSD 8 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Charge is for nine months ended 2016-09-30. Program initiated Q4 2013; severance agreements finalized with three labor unions at separate facilities covering approximately 450 employees. Cash payments expected complete by end of 2017.
2016-09-30restructuringin_progress2014-04-012017-12-31EngineUSD 10 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Charge is for nine months ended 2016-09-30. Program initiated Q2 2014 to improve profitability and competitiveness of Wahler acquisition. Employee count not disclosed. Cash payments expected complete by end of 2017.
2016-09-30restructuringin_progress2015-10-012017-12-31North AmericaDrivetrainUSD 6 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Charge is for nine months ended 2016-09-30 (Q3 2016 charge was $1.3M). Program initiated Q4 2015 following Remy acquisition; includes $3.1M for winding down certain North America operations and $2.0M employee termination benefits. Employee count not disclosed. Cash payments expected complete by end of 2017.
2016-09-30restructuringin_progress450Western EuropeDrivetrainUSD 8 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Finalized severance agreements with three labor unions at separate facilities for approximately 450 employees. Charge relates to nine months ended Sept 30, 2016.
2016-09-30restructuringin_progressGlobalEngineUSD 10 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Actions to improve profitability and competitiveness of Wahler. Employee count not disclosed for this specific component.
2016-09-30restructuringin_progress2017-12-31North America; MexicoDrivetrainUSD 6 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Remy acquisition-related actions. Includes winding down certain operations in North America and severance for executive officers and other employees in Mexico. Cash payments expected complete by end of 2017.
2016-09-30restructuringin_progressGlobalCorporaterestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Global realignment plan to enhance treasury management flexibility. No charge recorded in 2016 YTD; employee count not disclosed.
2016-09-30restructuringin_progressUSD 1,300,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-09-30restructuringin_progressEmployee Severance [Member]USD 300,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-09-30restructuringin_progressEmployee Severance [Member] / Drivetrain [Member]USD 300,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-09-30restructuringin_progressEmployee Severance [Member] / Engine [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-09-30restructuringin_progressRemy International Inc. [Member]USD 1,300,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-09-30restructuringin_progress450Drivetrain [Member]USD 8,200,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
Expected positions to be eliminated
2016-09-30restructuringin_progressGustav Wahler GmbH u. Co. KG and General Partner [Member]USD 9,600,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-06-30restructuringin_progress4502013-12-312017-12-31Western EuropeDrivetrainUSD 8 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Program initiated Q4 2013; severance agreements finalized with three labor unions covering approximately 450 employees at separate facilities. Charge shown is six months ended June 30, 2016 (Q2 charge: $5.6M). Cash payments expected complete by end of 2017.
2016-06-30restructuringin_progress2014-06-302017-12-31EngineUSD 10 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Actions initiated Q2 2014 to improve profitability of the Wahler acquisition; includes $4.1M of employee termination benefits for the six months ended June 30, 2016 (Q2 charge: $8.0M). Employees affected not disclosed.
2016-06-30restructuringin_progress2015-11-102017-12-31North AmericaDrivetrainUSD 5 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Post-acquisition actions following the November 10, 2015 Remy acquisition; includes $3.1M in Q2 2016 for winding down certain North America operations and $1.7M of employee termination benefits YTD (Q2 charge: $3.7M). Employees affected not disclosed.
2016-06-30restructuringin_progress450Western EuropeDrivetrainUSD 8 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Finalization of severance agreements with three labor unions at separate facilities. Charge represents YTD expense for this specific action.
2016-06-30restructuringin_progressEngineUSD 10 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Actions to improve profitability and competitiveness of Wahler. Includes employee termination benefits of $4.1 million YTD.
2016-06-30restructuringin_progress2017-12-31North America; MexicoDrivetrainUSD 5 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Post-acquisition actions for Remy. Includes winding down certain operations in North America and severance for executive officers and other employees in Mexico. Cash payments expected to be complete by end of 2017.
2016-06-30restructuringin_progressUSD 19,200,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-06-30restructuringin_progressEmployee Severance [Member]USD 7,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-06-30restructuringin_progressEmployee Severance [Member] / Drivetrain [Member]USD 2,400,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-06-30restructuringin_progressEmployee Severance [Member] / Engine [Member]USD 4,600,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-06-30restructuringin_progress450Drivetrain [Member]USD 5,600,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
Expected positions to be eliminated
2016-06-30restructuringin_progressGustav Wahler GmbH u. Co. KG and General Partner [Member]USD 8,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-06-30restructuringin_progressRemy International Inc. [Member]USD 3,700,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-03-31restructuringin_progress4502013-10-012016-12-31Western EuropeDrivetrainUSD 1 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Program initiated Q4 2013; severance agreements finalized with three labor unions covering approximately 450 employees. Charge shown is Q1 2016 expense; cash payments expected complete by end of 2016.
2016-03-31restructuringin_progress2014-04-012016-12-31GermanyEngineUSD 2 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Actions at Gustav Wahler GmbH u. Co. KG initiated Q2 2014, primarily employee termination benefits. Charge shown is Q1 2016 expense.
2016-03-31restructuringin_progress2015-11-102016-12-31United StatesDrivetrainUSD 1 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Employee termination benefits for contractually required severance of Remy executive officers following the November 2015 acquisition; charge shown is Q1 2016 expense.
2016-03-31acquisition_additioncompleted2015-11-10GlobalDrivetrainbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Remy International, Inc. closed 2015-11-10; Remy operated in 10 countries. Headcount added not disclosed in this filing.
2016-03-31restructuringin_progress450Western EuropeDrivetrainUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Finalization of severance agreements with three labor unions at separate facilities. Charge represents employee termination benefits.
2016-03-31restructuringin_progressEngineUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Actions related to Gustav Wahler GmbH u. Co. KG acquisition. Expenses primarily related to employee termination benefits.
2016-03-31restructuringin_progress2016-12-31DrivetrainUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Post-acquisition actions for Remy International, Inc. Employee termination benefits primarily related to contractually required severance for executive officers.
2016-03-31restructuringin_progressEmployee Severance [Member]USD 3,300,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-03-31restructuringin_progressEmployee Severance [Member] / Drivetrain [Member]USD 2,300,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-03-31restructuringin_progressEmployee Severance [Member] / Engine [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-03-31restructuringin_progressUSD 6,400,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-03-31restructuringin_progress450Drivetrain [Member]USD 1,200,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
Expected positions to be eliminated
2015-12-31restructuringin_progress4502013-12-312016-12-31Western EuropeDrivetrainUSD 28 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Program initiated in Q4 2013; charge shown is FY2015 expense for severance agreements with three labor unions at separate facilities covering approximately 450 employees. Cash payments expected complete by end of 2016.
2015-12-31restructuringin_progress702014-06-302016-12-31Germany and BrazilEngineUSD 12 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Actions to improve profitability of the acquired Gustav Wahler business; FY2015 charge relates to termination benefits for approximately 70 employees in Germany and Brazil (approximately 95 employees affected in 2014).
2015-12-31restructuringin_progress2013-12-312016-12-31GlobalCorporate — legal entity structureUSD 13 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Global realignment plan to enhance treasury management flexibility; FY2015 charge of $12.5 million. Employee headcount impact not disclosed.
2015-12-31restructuringcompleted2015-11-102016-12-31United StatesDrivetrain — Remy InternationalUSD 10 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
FY2015 employee termination benefits recorded in Q4 2015, primarily contractually required severance for Remy executive officers; number of employees not disclosed.
2015-12-31acquisition_additioncompleted2015-11-10GlobalDrivetrainbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquired 100% of Remy for $29.50 per share plus settlement of approximately $361 million of Remy debt; Remy had operations in 10 countries. Acquired headcount not disclosed; largely explains workforce growth from approximately 22,000 to approximately 30,000 during 2015.
2015-12-31acquisition_additioncompleted2015-01-31IndiaEnginebusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Completed purchase of the remaining 51% of the BERU Diesel joint venture in January 2015 for $12.6 million; headcount added not disclosed.
2015-12-31restructuringcompleted450Western EuropeDrivetrainUSD 42 (millions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Severance agreements with three labor unions at separate facilities for approximately 450 employees. Total restructuring expense was $65.7 million, including $41.5 million related to employee termination benefits.
2015-12-31restructuringcompletedGlobalEngineMD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Restructuring of the 2014 Gustav Wahler GmbH u. Co. KG acquisition. Specific headcount not disclosed in narrative, but included in total restructuring expense.
2015-12-31restructuringcompletedGlobalCorporateUSD 13 (millions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Global realignment plan intended to enhance treasury management flexibility. $12.5 million charge.
2015-12-31acquisition_additioncompleted2015-11-10GlobalDrivetrainMD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Acquisition of Remy International, Inc. Headcount added not explicitly quantified in this filing, but total workforce increased from ~22,000 in 2014 to ~30,000 in 2015.
2015-12-31restructuringcompleted450Western EuropeDrivetrainMD&A
f5-10k / Qwen3.6-27B-Q8_0
Severance agreements with three labor unions at separate facilities for approximately 450 employees.
2015-12-31restructuringcompletedGlobalCorporateUSD 13 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Global realignment plan intended to enhance treasury management flexibility.
2015-12-31restructuringcompletedGlobalEngineMD&A
f5-10k / Qwen3.6-27B-Q8_0
Restructuring of the 2014 Gustav Wahler GmbH acquisition.
2015-12-31restructuringcompletedGlobalDrivetrainMD&A
f5-10k / Qwen3.6-27B-Q8_0
Restructuring of the 2015 Remy International acquisition.
2015-12-31restructuringcompleted2015-04-01GlobalDrivetrainUSD 10 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Employee termination benefits primarily related to contractually required severance associated with Remy executive officers.
2015-12-31restructuringin_progressUSD 24,400,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2015-12-31restructuringin_progressRemy International Inc. [Member] / Employee Severance [Member]USD 400,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2015-12-31restructuringin_progressRemy International Inc. [Member] / Employee Severance [Member] / Drivetrain [Member]USD 400,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2015-12-31restructuringin_progressRemy International Inc. [Member] / Employee Severance [Member] / Engine [Member]USD 0 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2015-12-31restructuringin_progressEmployee Severance [Member]USD 43,900,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2015-12-31restructuringin_progressEmployee Severance [Member] / Drivetrain [Member]USD 32,600,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2015-12-31restructuringin_progressEmployee Severance [Member] / Engine [Member]USD 11,300,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2015-12-31restructuringin_progress450Drivetrain [Member]USD 28,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
Expected positions to be eliminated
2015-12-31restructuringin_progressCorporate and Other [Member]USD 12,500,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2015-12-31restructuringin_progress70Gustav Wahler GmbH u. Co. KG and General Partner [Member]restructuring_footnote
f5-10k / no-ai-xblr
Expected positions to be eliminated
2015-09-30restructuringin_progress35020132015-12-31Western EuropeDrivetrainUSD 19 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Program initiated Q4 2013; severance agreements with two labor unions at separate Western Europe facilities finalized in 2014 for approximately 350 employees. Charge shown is nine months ended 2015-09-30. Cash payments expected complete by end of 2015.
2015-09-30restructuringin_progress402014GermanyEngineUSD 5 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Wahler restructuring initiated Q2 2014. 2015 component affects approximately 40 employees in Germany; a prior 2014 component affected approximately 80 employees in Germany, Brazil and China. Charge shown is nine months ended 2015-09-30.
2015-09-30restructuringin_progressGlobalCorporateUSD 15 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Global realignment plan to enhance treasury management flexibility via legal entity restructuring. No employee count or announcement date disclosed. Charge shown is nine months ended 2015-09-30.
2015-09-30acquisition_additionannounced6,6002015-07-132015-12-31Global (10 countries)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Definitive agreement to acquire Remy International, Inc. at $29.50/share (~$1.2B enterprise value). Remy headcount of approximately 6,600 is as of 2014-12-31. Expected to close Q4 2015 subject to regulatory clearance.
2015-09-30restructuringin_progress3502014-01-012015-12-31Western EuropeDrivetrainUSD 4 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Finalized severance agreements with two labor unions at separate facilities in Western Europe for approx 350 employees. Cash payments expected to be complete by end of 2015.
2015-09-30restructuringin_progress402014-04-01GermanyEngineUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Restructuring of Gustav Wahler GmbH u. Co. KG. Termination benefits relate to approx 40 employees in Germany in 2015.
2015-09-30restructuringin_progressGlobalCorporateUSD 3 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Global realignment plan intended to enhance treasury management flexibility by creating a legal entity structure that better aligns with business strategy. Employee count not disclosed.
2015-09-30restructuringin_progressUSD 9,300,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-09-30restructuringin_progressEmployee Severance [Member]USD 3,200,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-09-30restructuringin_progressEmployee Severance [Member] / Drivetrain [Member]USD 400,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-09-30restructuringin_progressEmployee Severance [Member] / Engine [Member]USD 2,800,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-09-30restructuringin_progress350Drivetrain [Member]USD 3,500,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
Expected positions to be eliminated
2015-09-30restructuringin_progressCorporate and Other [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-09-30restructuringin_progress40Gustav Wahler GmbH u. Co. KG and General Partner [Member]restructuring_footnote
f5-10q / no-ai-xblr
Expected positions to be eliminated
2015-06-30restructuringin_progress3502015-12-31Western EuropeDrivetrainUSD 15 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Program initiated Q4 2013; severance agreements with two labor unions at separate Western Europe facilities covering approximately 350 employees were finalized during 2014 (no exact announcement date given). Charge shown is for the six months ended 2015-06-30 ($7.9M in Q2 2015), comprising $13.2M termination benefits and $2.0M other. Cash payments expected complete by end of 2015; MD&A separately estimates about $13M of additional Drivetrain restructuring over the next year.
2015-06-30restructuringin_progress60Germany, Brazil, ChinaEnginerestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Actions to improve profitability of the Wahler acquisition (approximately 60 employees) were initiated in Q2 2014; no current-period charge is separately quantified for this program. MD&A states Engine segment restructuring charges mainly relate to this Wahler restructuring and estimates about $14M of Engine segment restructuring over the next two years.
2015-06-30restructuringin_progressGlobalCorporate (treasury/legal entity structure)USD 12 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Global realignment plan to enhance treasury management flexibility via a new legal entity structure; charge shown is for the six months ended 2015-06-30 ($9.4M in Q2 2015). No employee count or completion date disclosed.
2015-06-30acquisition_additionannounced6,6002015-07-132015-12-31Global (operations in ten countries)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Definitive agreement to acquire Remy International at $29.50 per share (enterprise value about $1.2B), announced after quarter close; expected to close Q4 2015 subject to stockholder and regulatory approvals. Count reflects Remy's disclosed headcount as of 2014-12-31, not a post-close addition figure.
2015-06-30acquisition_additioncompleted2015-01IndiaEnginebusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Completed purchase of the remaining 51% of BERU Diesel Start Systems Pvt. Ltd. for $12.6M cash, giving 100% ownership; closed in January 2015 (Q1 2015, prior to the quarter covered by this report). No headcount disclosed for the acquired entity.
2015-06-30restructuringin_progress3502014-01-012015-12-31Western EuropeDrivetrainUSD 15 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Finalized severance agreements with two labor unions at separate facilities in Western Europe for approx 350 employees in 2014. YTD 2015 charge of $15.2M. Cash payments expected to be complete by end of 2015.
2015-06-30restructuringin_progress602014-04-012017-06-30Germany, Brazil, ChinaEngineUSD 12 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Restructuring of Gustav Wahler GmbH u. Co. KG (Wahler) initiated in Q2 2014. Relates to approx 60 employees. YTD 2015 charge of $12.1M. Approx $14M expected over next two years.
2015-06-30restructuringin_progress2014-01-01GlobalCorporateUSD 12 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Global realignment plan to enhance treasury management flexibility. YTD 2015 charge of $12.1M. Employee count not disclosed.
2015-06-30restructuringin_progressUSD 19,900,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-06-30restructuringin_progressEmployee Severance [Member]USD 9,400,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-06-30restructuringin_progressEmployee Severance [Member] / Drivetrain [Member]USD 6,800,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-06-30restructuringin_progressEmployee Severance [Member] / Engine [Member]USD 2,600,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-06-30restructuringin_progress350Drivetrain [Member]USD 7,900,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
Expected positions to be eliminated
2015-06-30restructuringin_progressCorporate and Other [Member]USD 9,400,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-03-31restructuringin_progress3502015-12-31Western EuropeDrivetrainUSD 7 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Program initiated Q4 2013; severance agreements with two labor unions at separate Western Europe facilities covering approximately 350 employees finalized in 2014. Charge shown is Q1 2015 expense (Q1 2014 was $35.4M). Includes $6.4M employee termination benefits and $0.9M other expense in Q1 2015. Approximately $6M of additional employee termination benefits expected over the next year; future cash payments expected complete by end of 2015.
2015-03-31restructuringin_progressEngineUSD 16 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Engine segment restructuring mainly relates to restructuring of the Wahler acquisition; approximately $16 million expected to be incurred over the next two years. No employee count disclosed.
2015-03-31restructuringin_progressGlobalCorporate / TreasuryUSD 3 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Global realignment plan to enhance treasury management flexibility via a new legal entity structure; $2.7M expense recorded in Q1 2015 (Q1 2014: $1.1M). No employee count disclosed.
2015-03-31acquisition_additioncompleted2015-01-312015-01-31IndiaEnginebusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
January 2015 purchase of remaining 51% of BERU Diesel from former JV partner, taking ownership to 100%; cash paid net of cash acquired $12.6M. Glow plug development/manufacturing JV formed 1996. No headcount added disclosed.
2015-03-31restructuringin_progress3502014-01-012015-12-31Western EuropeDrivetrainUSD 12 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Continuation of actions initiated in Q4 2013; finalized severance agreements with two labor unions for approx. 350 employees. Q1 2015 charge includes $6.4M employee termination benefits.
2015-03-31restructuringin_progress2015-01-012017-12-31GlobalEngineMD&A
f5-10q / Qwen3.6-27B-Q8_0
Restructuring of Wahler acquisition. MD&A states approx. $16M to be incurred over next two years. Employee count not disclosed.
2015-03-31restructuringin_progress2015-01-012015-12-31GlobalCorporateUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Global realignment plan to enhance treasury management flexibility. Employee count not disclosed.
2015-03-31restructuringin_progressUSD 12,100,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-03-31restructuringin_progressEmployee Severance [Member]USD 7,800,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-03-31restructuringin_progressEmployee Severance [Member] / Drivetrain [Member]USD 7,400,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-03-31restructuringin_progressEmployee Severance [Member] / Engine [Member]USD 400,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-03-31restructuringin_progress350Drivetrain [Member]USD 7,300,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
Expected positions to be eliminated
2015-03-31restructuringin_progressCorporate and Other [Member]USD 2,700,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2014-12-31restructuringin_progress3502013-10-012015-12-31Western EuropeDrivetrainUSD 62 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Program initiated in Q4 2013 (exact date not disclosed; quarter start shown); severance agreements with two labor unions at separate Western Europe facilities finalized in Q1 2014 for approximately 350 employees. FY2014 charge of $61.8M comprises $50.6M employee termination benefits and $11.2M other expense. Future cash payments expected complete by end of 2015; approximately $25M of additional Drivetrain restructuring expected over the following year per MD&A.
2014-12-31restructuringin_progress952014-04-01Germany, Brazil, United States, ChinaEngineUSD 7 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Actions initiated in Q2 2014 to improve profitability of the Wahler acquisition (exact date not disclosed; quarter start shown); $6.5M of employee termination benefits for approximately 95 employees. MD&A indicates Engine segment restructuring also included other charges beyond this termination benefit amount; approximately $17M of additional Engine restructuring expected over the following two years.
2014-12-31restructuringin_progressGlobalCorporateUSD 12 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Global realignment plan to enhance treasury management flexibility via a new legal entity structure; $12.0M recorded in FY2014 ($4.0M in FY2013). Employees affected not disclosed; announcement date not disclosed.
2014-12-31acquisition_additioncompleted2014-02-282014-02-28Germany, Brazil, United States, China, SlovakiaEnginebusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of 100% of Wahler completed February 28, 2014; cash paid net of cash acquired $110.5M. Headcount added through the acquisition not disclosed.
2014-12-31acquisition_additioncompleted2015-012015-01IndiaEnginesubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Completed January 2015, after fiscal year-end, by acquiring the shares of the former joint venture partner; Company now owns 100% of the entity. Headcount added not disclosed; only month of completion stated.
2014-12-31restructuringin_progress3502014-01-01Western EuropeDrivetrainUSD 62 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Finalization of severance agreements with two labor unions at separate facilities for approximately 350 employees. Charge includes $50.6M employee termination benefits and $11.2M other expense.
2014-12-31restructuringin_progress952014-04-01Germany, Brazil, China, U.S.EngineUSD 7 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Actions to improve profitability of Wahler acquisition. Termination benefits for approximately 95 employees.
2014-12-31restructuringin_progress2014-01-01GlobalCorporateUSD 12 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Global realignment plan to enhance treasury management flexibility. Employee count not disclosed.
2014-12-31restructuringcompleted3502014-03-312014-12-31Western EuropeDrivetrainUSD 62 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Finalization of severance agreements with two labor unions at separate facilities. Charge includes $50.6M employee termination benefits and $11.2M other expense.
2014-12-31restructuringin_progress952014-06-30Germany, Brazil, China, U.S.Engine (Wahler acquisition)USD 7 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Initiated actions to improve profitability of Wahler acquisition. Charge relates to employee termination benefits.
2014-12-31restructuringin_progress2014-12-31GlobalCorporateUSD 12 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Global realignment plan to enhance treasury management flexibility. Employee count not disclosed.
2014-12-31restructuringin_progressUSD 17,800,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2014-12-31restructuringin_progressCorporate and Other [Member]USD 5,400,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2014-12-31restructuringin_progressEmployee Severance [Member]USD 56,800,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2014-12-31restructuringin_progressEmployee Severance [Member] / Drivetrain [Member]USD 49,500,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2014-12-31restructuringin_progressEmployee Severance [Member] / Engine [Member]USD 7,300,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2014-12-31restructuringin_progress350Drivetrain [Member]USD 61,800,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
Expected positions to be eliminated
2014-12-31restructuringin_progress95Gustav Wahler GmbH u. Co. KG and General Partner [Member]restructuring_footnote
f5-10k / no-ai-xblr
Expected positions to be eliminated
2014-09-30restructuringin_progress3502014-03-312015-12-31Western EuropeDrivetrainUSD 52 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Severance agreements finalized with two labor unions at separate facilities covering approximately 350 employees; announcement date disclosed only at quarter granularity (first quarter 2014). Charge shown is nine-month restructuring expense, including $43.8M employee termination benefits and $8.4M other expense; $7.4M recorded in Q3 alone. Cash payments expected complete by end of 2015; MD&A indicates roughly $35M of additional Drivetrain restructuring expense over the next two years.
2014-09-30restructuringin_progress802014-06-30Germany, Brazil, ChinaEngineUSD 5 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Employee termination benefits for approximately 80 employees at the Wahler business acquired 2014-02-28; announcement date disclosed only at quarter granularity (second quarter 2014). Charge shown is nine-month termination benefits ($2.2M recorded in Q3). Additional restructuring expected over the following two years; MD&A indicates roughly $23M of additional Engine segment restructuring expense over the next two years.
2014-09-30restructuringin_progressGlobalCorporate — treasury and legal entity structureUSD 7 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Global realignment plan intended to enhance treasury management flexibility through a revised legal entity structure; no employee count, announcement date, or completion date disclosed. Charge shown is nine-month restructuring expense ($3.5M recorded in Q3).
2014-09-30restructuringin_progress3502014-01-012015-12-31Western EuropeDrivetrainUSD 7 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Severance agreements finalized in Q1 2014 for approx. 350 employees at separate facilities. Q3 charge of $7.4M; YTD charge of $52.2M. Future cash payments expected complete by end of 2015.
2014-09-30restructuringin_progress802014-04-012016-12-31Germany, Brazil, ChinaEngine (Wahler)USD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Actions initiated in Q2 2014 to improve profitability of Wahler acquisition. Q3 charge of $2.2M; YTD charge of $5.3M. Additional expenses expected over next two years.
2014-09-30restructuringin_progress2014-01-01GlobalCorporateUSD 4 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Global realignment plan to enhance treasury management flexibility. Q3 charge of $3.5M; YTD charge of $6.6M. Employee count not disclosed.
2014-09-30restructuringin_progressUSD 67,600,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2014-09-30restructuringin_progressEmployee Severance [Member]USD 7,500,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2014-09-30restructuringin_progressEmployee Severance [Member] / Drivetrain [Member]USD 5,300,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2014-09-30restructuringin_progressEmployee Severance [Member] / Engine [Member]USD 2,200,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2014-09-30restructuringin_progressCorporate and Other [Member]USD 3,500,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2014-09-30restructuringin_progress350Drivetrain [Member]USD 52,200,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
Expected positions to be eliminated
2014-09-30restructuringin_progress80Gustav Wahler GmbH u. Co. KG and General Partner [Member]restructuring_footnote
f5-10q / no-ai-xblr
Expected positions to be eliminated
2014-06-30restructuringin_progress3502015-12-31Western EuropeDrivetrainUSD 45 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Program initiated Q4 2013; severance agreements with two labor unions finalized in Q1 2014 covering approximately 350 employees. $44.8M restructuring expense recorded in six months ended June 30, 2014, including $38.5M employee termination benefits. Approximately $20.0M of additional employee termination benefits expected over the next two years; future cash payments expected complete by end of 2015. No specific announcement date disclosed.
2014-06-30restructuringin_progress60GermanyEngineUSD 3 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Actions initiated in Q2 2014 to improve profitability of the Wahler acquisition; $3.1M of employee termination benefits recorded for approximately 60 employees. Additional restructuring expenses expected over the next two years. Wahler operates in Germany, Brazil, U.S., China and Slovakia; filer does not specify the facility location of these employees.
2014-06-30acquisition_additioncompleted2014-02-28Germany, Brazil, United States, China, SlovakiaEnginebusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of 100% of Gustav Wahler GmbH u. Co. KG completed February 28, 2014; cash paid net of cash acquired was $106.4 million. Headcount added through the acquisition is not disclosed.
2014-06-30restructuringin_progress3502014-01-012015-12-31Western EuropeDrivetrainUSD 9 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Finalized severance agreements with two labor unions at separate facilities. Q3 2014 charge of $9.4M; YTD charge $44.8M. Includes $6.4M employee termination benefits and $3.0M other expense for Q3. Future cash payments expected complete by end of 2015.
2014-06-30restructuringin_progress602014-04-012016-12-31GlobalEngineUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Actions to improve profitability of acquired Wahler business. Q3 2014 charge of $3.1M for employee termination benefits. Additional expenses expected over next two years.
2014-06-30restructuringin_progressUSD 54,500,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2014-06-30restructuringin_progress350Drivetrain [Member]USD 9,400,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
Expected positions to be eliminated
2014-06-30restructuringin_progressEmployee Severance [Member] / Drivetrain [Member]USD 6,400,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2014-06-30restructuringin_progressEmployee Severance [Member]USD 10,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2014-06-30restructuringin_progressEmployee Severance [Member] / Engine [Member]USD 3,600,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2014-06-30restructuringin_progress60Gustav Wahler GmbH u. Co. KG and General Partner [Member]restructuring_footnote
f5-10q / no-ai-xblr
Expected positions to be eliminated
2014-03-31restructuringin_progress3502015-12-31Western EuropeDrivetrainUSD 40 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Actions initiated in Q4 2013; severance agreements finalized during Q1 2014 with two labor unions at separate Western European facilities covering approximately 350 employees. Q1 2014 charge of $39.5M comprises $32.8M employee termination benefits and $6.7M other expense. An additional $26.0M of employee termination benefits is expected over the next two years as employees render service; MD&A separately cites roughly $51.0M of additional restructuring charges over the next two years for the Drivetrain plan. Employee-related accrual balance at 2014-03-31 was $41.2M ($39.3M Drivetrain, $1.9M Engine). No announcement date stated in the filing.
2014-03-31acquisition_additioncompleted2014-02-28Germany, Brazil, United States, China, SlovakiaEnginebusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of 100% of Gustav Wahler GmbH u. Co. KG (EGR valves, EGR tubes, thermostats) closed 2014-02-28 for $106.4M cash net of cash acquired; no employee headcount for the acquired business is disclosed in this filing.
2014-03-31restructuringin_progress3502013-10-012015-12-31Western EuropeDrivetrainUSD 40 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Actions initiated in Q4 2013 to improve profitability. Q1 2014 charge includes $32.8M employee termination benefits and $6.7M other expense. Approximately 350 employees affected at separate facilities. Additional $26.0M termination benefits expected over next two years.
2014-03-31restructuringin_progress350USD 39,500,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
Expected positions to be eliminated
2014-03-31restructuringin_progressEmployee Severance [Member] / Drivetrain [Member]USD 32,100,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2014-03-31restructuringin_progressEmployee Severance [Member]USD 32,800,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2014-03-31restructuringin_progressEmployee Severance [Member] / Engine [Member]USD 700,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2013-12-31restructuringin_progress3002013-12-312015-06-30EuropeDrivetrainUSD 52 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Recorded in Q4 2013; exact announcement date not disclosed. Charge comprises $37.3M asset impairment (machinery/equipment and intangibles tied to closure of certain European Drivetrain facilities), $10.4M employee termination benefits for approximately 300 employees, and $4.6M other. Termination benefit liability expected to be paid by mid-2015. Company estimates approximately $90M of additional restructuring charges over the next two years under this Drivetrain program.
2013-12-31acquisition_additionannounced2013-12-312014-03-31Germany, Brazil, United States, China, SlovakiaEnginesubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Agreement signed in December 2013 to acquire Gustav Wahler GmbH u. Co. KG (EGR valves, EGR tubes, thermostats); expected to close Q1 2014 subject to regulatory approvals. Wahler 2013 sales expected at approximately $350 million; headcount to be added not disclosed.
2013-12-31restructuringin_progress3002013-12-312015-06-30EuropeDrivetrainUSD 52 (millions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Initiation of Drivetrain segment actions. Employee termination costs relate to approx 300 employees primarily in Europe. Liability expected to be paid out by middle of 2015. Total restructuring expense $52.3M includes $37.3M asset impairment, $10.4M employee termination benefits, $4.6M other.
2013-12-31restructuringin_progress3002013-12-312015-06-30EuropeDrivetrainUSD 10 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Employee termination costs relate to approximately 300 employees primarily in Europe. Liability expected to be paid out by the middle of 2015. Part of Drivetrain segment actions to improve profitability.
2013-12-31restructuringin_progress300USD 52,300,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
Expected positions to be eliminated
2013-09-30restructuringcompleted2012-07-01BERU on-going businessUSD 17 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Restructuring expense recorded in Q3 2012 primarily associated with disposal and future requirements of BERU's on-going business. Includes $16.9 million of employee termination benefits. No employee count disclosed.
2013-09-30restructuringin_progressUSD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2012-12-31divestiture_reductioncompleted2012-06-302012-09-30Germany / globalEngine (BERU spark plug business)USD 40 (millions)other
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of the spark plug business to Federal-Mogul completed during Q2–Q3 2012 for $55.2 million cash; $39.7 million loss primarily from write-down of prior purchase price accounting adjustments. Headcount transferred not disclosed.
2012-12-31restructuringcompleted2012-09-302013-09-30GermanyEngine (BERU on-going business)USD 27 (millions)other
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Recorded in Q3 2012 for the spark plug disposal and future requirements of BERU's continuing business: $9.0M employee termination benefits, $6.3M contract cancellations, $12.1M other charges (incl. asset write-downs). Company expects to pay all termination benefits within 12 months; affected employee count not disclosed.
2012-12-31voluntary_separationcompleted2012-12-312012-12-31United StatesExecutive (Named Executive Officers)USD 12 (millions)other
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Q4 2012 expense for retiring Named Executive Officers, including $7.0M to waive forfeiture provisions of restricted stock and performance share grants. Number of executives not disclosed.
2012-12-31othercompleted2012-12-312012-12-31United StatesMuncie, Indiana plant (defined benefit pension settlement)USD 6 (millions)other
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Non-cash settlement loss on a portion of the Muncie Plant pension obligation in December 2012 under the 2009 Plant Shutdown Agreement; plant operations had ceased in 2009, so no 2012 headcount reduction.
2012-12-31acquisition_additioncompleted2012-12-312012-12-31South KoreaEngine (BERU Systems Korea)USD 15 (millions)other
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Purchase of the remaining 49% noncontrolling interest during Q3–Q4 2012; entity was already consolidated, so no incremental headcount addition is implied. Headcount not disclosed.
2012-12-31restructuringcompleted2012-09-30GlobalBERU SystemsUSD 27 (millions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Restructuring expense primarily associated with the disposal and future requirements of BERU's on-going business. Includes $9.0 million employee termination benefits, $6.3 million contract cancellation costs, and $12.1 million other charges. Employee count not disclosed.
2012-12-31restructuringcompleted2012-09-30GlobalBERU SystemsUSD 27 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Restructuring expense primarily associated with the disposal and future requirements of BERU's on-going business. Includes $9.0 million of employee termination benefits.
2012-12-31restructuringin_progressUSD 27,400,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2012-09-30restructuringin_progress2013-09-30BERU on-going business (Engine segment)USD 27 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Charge recorded in Q3 2012; includes $16.9M employee termination benefits and $10.5M other charges, primarily asset write-downs. Filing states termination benefits are expected to be paid within the next 12 months; no employee count or announcement date disclosed. Announcement date inferred as null because the filing does not state one.
2012-09-30divestiture_reductioncompleted2012-06-302012-09-30Spark plug business (Engine segment)USD 40 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Master Purchase Agreement to sell spark plug business to Federal-Mogul signed in Q2 2012; sale completed Q3 2012 with $55.2M cash proceeds. The $39.7M nine-month loss from disposal activities is a purchase price accounting write-down (BERU-related), not a severance charge. No headcount removed disclosed. Announcement date reflects the quarter in which the agreement was signed; exact date not stated.
2012-09-30restructuringin_progress2012-09-302013-09-30GlobalBERU on-going businessUSD 27 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Includes $16.9 million of employee termination benefits and $10.5 million of other charges. Company expects to pay all employee termination benefits in the next 12 months.
2012-09-30restructuringin_progressUSD 27,400,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2012-06-30divestiture_reductionin_progress2012-06-302012-09-30Engine (spark plug business / BERU)USD 38 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Master Purchase Agreement signed in Q2 2012 to sell spark plug business to Federal-Mogul; $37.9M write-down of prior purchase price accounting adjustments, not severance. No employee count disclosed; restructuring-related costs anticipated at closing in Q3 2012.
2011-12-31acquisition_additioncompleted2011-01-312011-01-31Sweden, Hungary, MexicoDrivetrainbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of 100% of Haldex Traction Holding AB completed January 31, 2011 for consideration of $214.9 million net of cash acquired; acquired headcount not disclosed.
2011-12-31divestiture_reductioncompletedGermanyEngine (ignitor and electronics / tire pressure monitoring)USD 22 (millions)other
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of the tire pressure monitoring business, including the Bretten, Germany facility, to Huf Electronics GmbH for $22.9 million cash; disclosed only as occurring in the fourth quarter of 2011, so announcement/completion dates not stated. Charge of $21.5 million covers loss on sale, divestiture costs and a write-down of part of the ignitor and electronics business; affected employees not disclosed.
2011-12-31restructuringin_progressUSD 0 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2011-03-31acquisition_additioncompleted2011-01-31Sweden; Hungary; MexicoDrivetrainbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquired 100% of Haldex Traction Holding II AB for $214.9M net of cash; no employee headcount disclosed for the acquired workforce.
2010-12-31acquisition_additioncompleted2010-04-102010-04-10SpainEngineUSD 148 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquired 100% of Dytech ENSA S.L., an EGR cooler and module producer; gross cost $147.7 million ($147.6 million net of cash). Headcount added not disclosed.
2010-12-31acquisition_additioncompleted2010-05-012010-05-01GermanyEngineUSD 10 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquired the remaining 50% of the former 50/50 electric cabin heater joint venture; $9.6 million cash payment. Headcount added not disclosed.
2010-12-31acquisition_additioncompleted2011-01-312011-01-31SwedenDrivetrainUSD 205 (millions)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Subsequent event after fiscal year-end; purchase price approximately $205 million (1.425 billion Swedish Krona). Headcount added not disclosed.
2010-12-31restructuringcompleted2008-07-31North America, Europe, AsiaEngine, Drivetrain, CorporateUSD 0 (millions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
No restructuring expense recorded in 2010. Prior year actions (2008/2009) reduced workforce by approx 2,400 in NA, 1,600 in Europe, 400 in Asia (2008) and 550 in NA, 150 in Europe, 60 in Asia (2009). 2010 charge was zero.
2010-12-31restructuringcompleted2008-07-31North America, Europe, AsiaEngine, Drivetrain, CorporateUSD 128 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
2008 program. Reduced NA workforce by ~2,400 (33%), Europe by ~1,600 (18%), Asia by ~400 (17%). Total charge $127.5M including $54.6M employee termination benefits and $72.9M asset impairment.
2010-12-31restructuringcompleted2009-04-01North America, Europe, AsiaEngine, Drivetrain, CorporateUSD 50 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
2009 Q2 actions. Reduced NA workforce by ~550 (12%), Europe by ~150 (2%), Asia by ~60 (3%). Total charge $50.3M including $9.0M employee termination benefits, $36.3M asset impairment, and $5.0M other charges.
2010-12-31plant_closurecompleted2009-02-262009-03-31United StatesDrivetrainMD&A
f5-10k / Qwen3.6-27B-Q8_0
Closure of Muncie, Indiana Drivetrain facility. Operations ceased March 31, 2009. Resulted in $27.9M net pre-tax gain related to retiree obligations.
2010-09-30restructuringcompleted2009-04-012010-12-31North America, Europe, AsiaEngine, Drivetrain, CorporateUSD 50 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Restructuring actions taken in Q3/Q4 2008 and Q2 2009. Q2 2009 actions reduced workforce by approx 760 people (550 NA, 150 EU, 60 Asia). Total 2009 expense $50.3M. Future cash payments expected to be complete in next twelve months from Sept 30, 2010.
2010-09-30plant_closurecompleted2009-02-262009-03-31United StatesDrivetrainMD&A
f5-10q / Qwen3.6-27B-Q8_0
Muncie Plant operations effectively ceased March 31, 2009. Resulted in $41.9M curtailment gain and $14.0M settlement loss on retiree health care obligation.
2010-06-30acquisition_additioncompleted2010-04-09Spain (Vigo)Enginebusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
100% acquisition of EGR cooler/module producer for $147.6M net of cash; headcount added not disclosed in filing.
2010-06-30acquisition_additioncompleted2010-05-01Germany (Kandel)Enginebusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquired former 50/50 JV partner making electric cabin heaters; pre-tax gain of $8.0M on remeasurement; employee count not disclosed.
2010-06-30restructuringcompleted55012%2009-04-012010-12-31North AmericaCorporate / Engine / Drivetrainrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Reduction in North American workforce by approximately 550 people (12%) announced in Q2 2009. Future cash payments for these activities expected to be complete during 2010.
2010-06-30restructuringcompleted1502%2009-04-012010-12-31EuropeCorporate / Engine / Drivetrainrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Reduction in European workforce by approximately 150 people (2%) announced in Q2 2009. Future cash payments for these activities expected to be complete during 2010.
2010-06-30restructuringcompleted603%2009-04-012010-12-31AsiaCorporate / Engine / Drivetrainrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Reduction in Asian workforce by approximately 60 people (3%) announced in Q2 2009. Future cash payments for these activities expected to be complete during 2010.
2010-06-30plant_closurecompleted2009-02-262009-03-31United StatesDrivetrainMD&A
f5-10q / Qwen3.6-27B-Q8_0
Closure of Muncie, Indiana automotive component plant. Operations effectively ceased as of March 31, 2009. Employee count not explicitly disclosed for this specific closure event.
2010-03-31acquisition_additionannounced1,0002010-04-09Spain, Portugal, IndiaEnginesubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Dytech ENSA SL employs approximately 1,000 people; 2009 annual sales ~$180 million. Post-quarter acquisition.
2010-03-31plant_closurecompleted2009-02-262009-03-31United States (Muncie, Indiana)Drivetrainrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Muncie Plant closure with UAW Plant Shutdown Agreement; operations ceased 2009-03-31. No employee count disclosed. PBGC settlement finalized 2010-03-24 with $15M annual contributions 2011-2013.
2010-03-31restructuringin_progress2010-12-31North America, Europe, AsiaDrivetrain, Engine, CorporateUSD 8 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Employee-related restructuring accrual balance of $8.8M at 2010-03-31 (from $17.5M at 2009-12-31); $8.0M cash payments in Q1 2010. Actions taken in Q3-Q4 2008 and Q2 2009 in response to declines in global customer production. No employee counts disclosed. Expected completion during 2010.
2010-03-31restructuringin_progress2010-12-31GlobalDrivetrain, Engine, CorporateUSD 9 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Balance of employee-related restructuring accruals as of March 31, 2010. Future cash payments expected to be complete during 2010.
2009-12-31restructuringcompleted55012%2009-04-012009-06-30North AmericaEngine, Drivetrain, CorporateUSD 50 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Q2 2009 restructuring; total charge $50.3M split by segment: Engine $27.2M, Drivetrain $19.7M, Corporate $3.4M. Charge includes $9.0M employee termination, $36.3M asset impairment, $5.0M other. Percent is of North American workforce.
2009-12-31restructuringcompleted1502%2009-04-012009-06-30EuropeEngine, Drivetrain, Corporaterestructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Q2 2009 restructuring sub-component; percent is of European workforce. Total program charge $50.3M not allocated by geography.
2009-12-31restructuringcompleted603%2009-04-012009-06-30AsiaEngine, Drivetrain, Corporaterestructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Q2 2009 restructuring sub-component; percent is of Asian workforce. Total program charge $50.3M not allocated by geography.
2009-12-31plant_closurecompleted2009-02-262009-03-31Muncie, Indiana, United StatesDrivetrainUSD 28 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Muncie, Indiana plant closure via Plant Shutdown Agreement with UAW; operations ceased March 31, 2009. Associated $27.9M net pre-tax gain from retiree obligation remeasurement ($41.9M curtailment gain less $14.0M settlement loss). Employee headcount at plant not disclosed.
2009-12-31restructuringcompleted55012%2009-04-012009-12-31North AmericaAll SegmentsUSD 9 (millions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Second quarter 2009 restructuring. Reduced North American workforce by approximately 550 people, or 12%. Net restructuring expense for employee termination benefits was $9.0 million.
2009-12-31restructuringcompleted1502%2009-04-012009-12-31EuropeAll SegmentsMD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Second quarter 2009 restructuring. Reduced European workforce by approximately 150 people, or 2%.
2009-12-31restructuringcompleted603%2009-04-012009-12-31AsiaAll SegmentsMD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Second quarter 2009 restructuring. Reduced Asian workforce by approximately 60 people, or 3%.
2009-12-31restructuringcompleted5502009-04-01North AmericaUSD 9 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Reduced North American workforce by approximately 550 people, or 12%. Net restructuring expense for employee termination benefits was $9.0 million.
2009-12-31restructuringcompleted1502009-04-01EuropeMD&A
f5-10k / Qwen3.6-27B-Q8_0
Reduced European workforce by approximately 150 people, or 2%.
2009-12-31restructuringcompleted602009-04-01AsiaMD&A
f5-10k / Qwen3.6-27B-Q8_0
Reduced Asian workforce by approximately 60 people, or 3%.
2009-12-31plant_closurecompleted2009-02-262009-03-31United StatesDrivetrainUSD -28 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Closure of Muncie, Indiana, Drivetrain facility. Resulted in $27.9 million net pre-tax gain related to retiree obligations.
2009-12-31restructuringin_progressUSD 38,400,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2009-09-30plant_closurecompleted2009-02-262009-03-31United States (Muncie, Indiana)BorgWarner Diversified Transmission Products Inc. (DTP)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Plant Shutdown Agreement with the UAW; operations ceased 2009-03-31. No employee count disclosed. Combined pre-tax impact was a net gain of $27.9M ($41.9M curtailment gain, $14.0M settlement loss), not a charge. $34.0M accrued for retiree healthcare settlement payable through April 2010.
2009-09-30restructuringcompleted55012%North Americarestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Second quarter 2009 headcount reduction of approximately 550 people, stated as 12% of the North American workforce (regional, not total-workforce, percentage). No announcement date given. Program-level 2009 restructuring expense of $50.3M split by segment: Engine $27.2M, Drivetrain $19.7M, Corporate $3.4M; includes $36.3M asset impairment and $5.0M other charges not allocated by geography. Remaining accrual payments expected complete by mid-2010.
2009-09-30restructuringcompleted1502%Europerestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Second quarter 2009 headcount reduction of approximately 150 people, stated as 2% of the European workforce (regional percentage). Same program as the North America and Asia records; no announcement date or geography-level charge disclosed.
2009-09-30restructuringcompleted603%Asiarestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Second quarter 2009 headcount reduction of approximately 60 people, stated as 3% of the Asian workforce (regional percentage). Same program as the North America and Europe records; no announcement date or geography-level charge disclosed.
2009-09-30restructuringin_progress55012%2009-04-01North Americarestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Second quarter 2009 restructuring actions. 12% of North American workforce reduced.
2009-09-30restructuringin_progress1502%2009-04-01Europerestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Second quarter 2009 restructuring actions. 2% of European workforce reduced.
2009-09-30restructuringin_progress603%2009-04-01Asiarestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Second quarter 2009 restructuring actions. 3% of Asian workforce reduced.
2009-09-30plant_closurecompleted2009-02-262009-03-31United StatesDrivetrainMD&A
f5-10q / Qwen3.6-27B-Q8_0
Muncie, Indiana plant shutdown agreement with UAW. Operations ceased March 31, 2009. Specific headcount not disclosed.
2009-09-30restructuringin_progressUSD 39,400,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2009-06-30restructuringin_progress55012%2010-06-30North Americarestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q2 2009 headcount reduction of about 550, stated as 12% of the North American workforce (percent is regional, not consolidated). Total 2009 restructuring expense of $50.3M is disclosed by segment (Engine $27.2M, Drivetrain $19.7M, Corporate $3.4M), not by geography; Q2 components were $9.0M termination benefits, $36.3M asset impairment, $5.0M other. No announcement date given; future cash payments expected complete by mid-2010.
2009-06-30restructuringin_progress1502%2010-06-30Europerestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q2 2009 headcount reduction of about 150, stated as 2% of the European workforce (percent is regional, not consolidated). Charges not allocated by geography in the filing.
2009-06-30restructuringin_progress603%2010-06-30Asiarestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q2 2009 headcount reduction of about 60, stated as 3% of the Asian workforce (percent is regional, not consolidated). Charges not allocated by geography in the filing.
2009-06-30plant_closurecompleted2009-02-262009-03-31Muncie, Indiana, United StatesDrivetrainother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Plant Shutdown Agreement with the UAW signed 2009-02-26; operations effectively ceased 2009-03-31 (first quarter, disclosed in this filing). No affected-employee count given. Closure produced a net pre-tax gain of $27.9M ($41.9M curtailment gain less $14.0M settlement loss), so no severance charge is reported.
2009-06-30restructuringin_progress55012%2009-04-01North AmericaMD&A
f5-10q / Qwen3.6-27B-Q8_0
Part of Q2 2009 restructuring actions. Net restructuring expense for employee termination benefits was $9.0 million total across all regions.
2009-06-30restructuringin_progress1502%2009-04-01EuropeMD&A
f5-10q / Qwen3.6-27B-Q8_0
Part of Q2 2009 restructuring actions.
2009-06-30restructuringin_progress603%2009-04-01AsiaMD&A
f5-10q / Qwen3.6-27B-Q8_0
Part of Q2 2009 restructuring actions.
2009-06-30plant_closurecompleted2009-02-262009-03-31United StatesDrivetrainMD&A
f5-10q / Qwen3.6-27B-Q8_0
Closure of Muncie, Indiana plant. Operations ceased March 31, 2009. Resulted in $41.9 million curtailment gain and $14.0 million settlement loss.
2009-06-30restructuringin_progressUSD 44,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2009-03-31restructuringin_progress2,4002008-07-312010-06-30North AmericaConsolidated (program spans Engine, Drivetrain and Corporate)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Approximately 33% of the North American workforce. Reduction resulted from restructuring actions announced 2008-07-31 and 2008-12-11; headcount reductions effected in Q3/Q4 2008, with remaining severance accrual paid through mid-2010 (accrual $35.8M at 2009-03-31 after $13.9M Q1 payments). 2008 program charges of $127.5M ($54.6M termination benefits, $72.9M asset impairments) are disclosed by segment, not geography, so no charge assigned here.
2009-03-31restructuringin_progress1,6002008-07-312010-06-30EuropeConsolidated (program spans Engine, Drivetrain and Corporate)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Approximately 18% of the European workforce. Same program and timing as the North America component; charge disclosed by segment rather than geography.
2009-03-31restructuringin_progress4002008-07-312010-06-30AsiaConsolidated (program spans Engine, Drivetrain and Corporate)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Approximately 17% of the Asian workforce. Same program and timing as the other geographic components; charge disclosed by segment rather than geography.
2009-03-31plant_closurecompleted2009-02-262009-03-31United States (Muncie, Indiana)Drivetrain (BorgWarner Diversified Transmission Products Inc.)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Plant Shutdown Agreement with the UAW signed 2009-02-26; production wound down and operations effectively ceased 2009-03-31. No affected-employee count disclosed. Pension/OPEB effects: $41.9M curtailment gain, $14.0M settlement loss (net $27.9M pre-tax gain), $47.2M reduction to retirement-related liabilities, $34.0M added to accounts payable payable May 2009-April 2010. Discussions opened with the PBGC regarding plan funding.
2009-03-31restructuringin_progress2008-07-312010-06-30North America, Europe, AsiaEngine, Drivetrain, CorporateUSD 128 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
2008 restructuring program. Q1 2009 cash payments of $13.9M. Remaining liability $35.8M. Total 2008 headcount reduction: ~2,400 NA, ~1,600 Europe, ~400 Asia.
2009-03-31plant_closurecompleted2009-02-262009-03-31Muncie, IndianaDrivetrainMD&A
f5-10q / Qwen3.6-27B-Q8_0
Muncie Plant operations ceased March 31, 2009. Associated with $27.9M net gain from retiree obligation settlement/curtailment.
2008-12-31restructuringin_progress2,4002008-07-312010-06-30North AmericaAll segmentsrestructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Approximately 2,400 people, or 33% of the North American workforce, reduced under the combined Q3/Q4 2008 program (initial announcement 2008-07-31, additional actions announced 2008-12-11). Program-level charge of $127.5M (severance $54.6M; asset impairments $72.9M) is disclosed by segment (Engine $85.3M, Drivetrain $40.9M, Corporate $1.3M), not by geography, so no charge is allocated here. Remaining severance liability payable by mid-2010.
2008-12-31restructuringin_progress1,6002008-07-312010-06-30EuropeAll segmentsrestructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Approximately 1,600 people, or 18% of the European workforce, reduced under the combined Q3/Q4 2008 program. Same $127.5M program charge as the North America record; charge disclosed by segment only, not by geography.
2008-12-31restructuringin_progress4002008-07-312010-06-30AsiaAll segmentsrestructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Approximately 400 people, or 17% of the Asian workforce, reduced under the combined Q3/Q4 2008 program. Same $127.5M program charge as the other geography records; charge disclosed by segment only, not by geography.
2008-12-31plant_closurein_progress2009-04-24United States (Muncie, Indiana)Drivetrainrestructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Closure of the Muncie, Indiana drivetrain plant announced during Q4 2006 (exact announcement date not disclosed); production scheduled to cease no later than expiration of the labor contract on 2009-04-24. Associated 2006 charges (including $51.6M asset impairments and $6.8M pension curtailment) were reported in prior filings and are not extracted here; no 2008-specific headcount or charge disclosed.
2008-12-31acquisition_additioncompleted2008-06-302008-06-30GermanyEnginebusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
DPTA completed in Q2 2008 gave BorgWarner full control of BERU AG; approximately 13.4% of BERU shares tendered during 2008 at a cost of $133.6M, bringing ownership to approximately 96%. No headcount added through the transaction is disclosed.
2008-12-31restructuringcompleted2,4002008-07-312010-06-30North AmericaEngine and DrivetrainUSD 55 (millions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Reduction of North American workforce by approx 2,400 people (33%). Severance liability paid out by mid-2010.
2008-12-31restructuringcompleted1,6002008-07-312010-06-30EuropeEngine and DrivetrainMD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Reduction of European workforce by approx 1,600 people (18%). Part of broader restructuring program.
2008-12-31restructuringcompleted4002008-07-312010-06-30AsiaEngine and DrivetrainMD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Reduction of Asian workforce by approx 400 people (17%). Part of broader restructuring program.
2008-12-31plant_closurein_progress2008-12-112009-04-24United StatesDrivetrainItem 2. Properties
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Announced closure plans for Muncie, Indiana plant. Production to cease by labor contract expiration.
2008-12-31restructuringin_progress2,40033%2008-07-312010-06-30North AmericaEngine and DrivetrainUSD 55 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Reduced North American workforce by approximately 2,400 people, or 33%. Severance liability of $54.6 million to be paid out by middle of 2010.
2008-12-31restructuringin_progress1,60018%2008-07-312010-06-30EuropeEngine and DrivetrainMD&A
f5-10k / Qwen3.6-27B-Q8_0
Reduced European workforce by approximately 1,600 people, or 18%.
2008-12-31restructuringin_progress40017%2008-07-312010-06-30AsiaEngine and DrivetrainMD&A
f5-10k / Qwen3.6-27B-Q8_0
Reduced Asian workforce by approximately 400 people, or 17%.
2008-09-30restructuringin_progress1,20016%2008-07-312009-12-31North Americarestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Program-wide restructuring expense was $25.0M ($18.0M employee termination benefits, $7.0M asset impairments), split by segment as Engine $19.3M and Drivetrain $5.7M; charges are not disclosed by geography. $7.2M of the termination liability was paid in Q3 2008; remainder payable before end of 2009.
2008-09-30restructuringin_progress5006%2008-07-312009-12-31Europerestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Same program as the North America record; percentages are of regional workforces as disclosed. Charges not allocated by geography (see North America record note).
2008-09-30restructuringin_progress1,20016%2008-07-312009-12-31North AmericaEngine and DrivetrainUSD 18 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Reduction of North American workforce by approximately 1,200 people (16%). Employee termination benefits of $18.0 million recorded; liability to be paid out prior to end of 2009.
2008-09-30restructuringin_progress5006%2008-07-312009-12-31EuropeEngine and Drivetrainrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Reduction of European workforce by approximately 500 people (6%). Specific severance charge for Europe not separately disclosed from North America in the $18.0 million total.
2008-06-30restructuringannounced1,00016%2008-07-312008-09-30North America (United States, Canada and Mexico)USD 10 (millions)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Announced post-quarter on 2008-07-31; ~1,000 people, stated as 16% of North American employee base. Pretax cost estimated in a range of $10 million to $12 million; charge value shown at low end of disclosed range. Reduction targeted for the third quarter of 2008; some aspects not yet finalized.
2008-06-30restructuringin_progress2009-12-31restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Previously announced restructuring actions; employee-related severance accrual of $8.3 million at 2008-06-30 (down from $9.1 million at 2007-12-31 after $0.8 million of Q2 cash payments). No employee count or announcement date disclosed; future cash payments expected complete by end of 2009.
2008-06-30restructuringannounced1,00016%2008-07-31North America (U.S., Canada, Mexico)USD 11 (millions)subsequent_events
f5-10q / Qwen3.6-27B-Q8_0
Announced July 31, 2008. Expected to reduce North American workforce by approx. 1,000 people (16% of NA base). Pretax costs estimated in range of $10 million to $12 million. Benefits expected in second half of 2008.
2008-03-31restructuringin_progress2009-12-31USD 9 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Employee-related restructuring accrual of $9.1M unchanged during Q1 2008; no cash payments. No employee count disclosed. Future payments expected complete by end of 2009.
2008-03-31restructuringin_progress2009-12-31USD 9 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Accrual for employee-related costs from previously announced restructuring actions. Future cash payments expected to be complete by end of 2009.
2007-12-31restructuringin_progress8502006-09-222009-12-31United States, Canada, MexicoPrimarily North American operations; primarily Drivetrain segmentrestructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Program announced September 22, 2006 (approximately 850 people, or 13%, across 19 North American operations); the $84.7M charge was recorded in 2006. FY2007 activity was limited to cash payments of $7.1M against the $16.2M employee-related accrual, leaving a $9.1M balance at year-end; no new reductions were recorded in 2007. Future cash payments expected complete by end of 2009.
2007-12-31plant_closurein_progress2009-04-30Muncie, Indiana, United StatesDrivetrainrestructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Closure decided in Q4 2006 (exact announcement date not disclosed); production scheduled to cease no later than expiration of the current labor contract in April 2009. Q4 2006 charges included $51.6M asset impairments and $6.8M pension curtailment; no closure-related charge recorded in 2007. Affected headcount not separately disclosed.
2007-12-31restructuringcompleted8502006-09-22North AmericaEngine, Drivetrain, CorporateUSD 12 (millions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Reduction of North American workforce by approximately 850 people (13%) announced Sept 2006. Charges incurred in 2006 ($11.5M total: $7.3M Engine, $3.6M Drivetrain, $0.6M Corporate). Cash payments continued into 2007.
2007-12-31plant_closureannounced2006-12-312009-04-30United StatesDrivetrainUSD 73 (millions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Closure of Muncie, Indiana drivetrain plant announced Q4 2006. Production to cease no later than expiration of labor contract in 2009. Charges incurred in 2006 ($73.2M total: $5.9M Engine, $67.3M Drivetrain) included employee costs, asset impairments, and pension curtailment.
2007-12-31restructuringcompleted85013%2006-09-22North AmericaEngine, Drivetrain, CorporateUSD 12 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Third quarter 2006 reduction of North American workforce by approximately 850 people (13%). Charge includes $6.7M employee costs and $4.8M asset impairments. Breakdown: Engine $7.3M, Drivetrain $3.6M, Corporate $0.6M.
2007-12-31restructuringin_progress2006-12-312009-04-30United StatesDrivetrainUSD 73 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Fourth quarter 2006 evaluation of North American facilities. Closing drivetrain plant in Muncie, Indiana. Production to cease no later than expiration of labor contract in 2009. Charge includes $14.8M employee costs, $51.6M asset impairments, $6.8M pension curtailment. Breakdown: Engine $5.9M, Drivetrain $67.3M.
2007-09-30restructuringin_progress85013%2006-09-222009-12-31United States, Canada, MexicoEngine, Drivetrain and Corporate (restructuring expense split: Engine $7.3M, Drivetrain $3.6M, Corporate $0.6M)USD 7 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Announced 2006-09-22, prior to this reporting period; carried forward because the employee-related accrual roll-forward runs through this 10-Q (balance $9.2M at 2007-09-30, cash payments expected complete by end of 2009). An additional $4.8M of asset impairment charges was recorded alongside the severance cost. No restructuring expense was recognized in the three or nine months ended 2007-09-30.
2007-09-30plant_closurein_progress2009-12-31Muncie, Indiana, United StatesDrivetrain (four-wheel drive transfer case product line)USD 15 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Announced during Q4 2006 (exact date not disclosed in this filing), prior to this reporting period. Employee-related costs of $14.8M plus asset impairments of $51.6M and pension curtailment expense of $6.8M were recorded in Q4 2006 (segment split: Engine $5.9M, Drivetrain $67.3M). Production scheduled to cease no later than expiration of the current labor contract in 2009. Headcount affected not disclosed.
2007-09-30restructuringin_progress8502006-09-222009-12-31North AmericaEngine, Drivetrain, CorporateUSD 12 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Reduction of North American workforce by approx. 850 people (13%) across 19 operations. Includes $6.7M employee costs and $4.8M asset impairments. Future cash payments expected to be complete by end of 2009.
2007-09-30plant_closurein_progress2006-10-012009-12-31Muncie, IndianaDrivetrainUSD 73 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Closure of Drivetrain plant in Muncie, Indiana. Production to cease no later than expiration of current labor contract in 2009. Includes $14.8M employee costs, $51.6M asset impairments, and $6.8M pension curtailment.
2007-06-30restructuringin_progress85013%2006-09-222009-12-31North America (United States, Canada, Mexico)Engine, Drivetrain and Corporate (19 operations)USD 7 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Announced reduction of about 850 North American jobs, roughly 13% of the regional workforce; $6.7M employee-related costs plus $4.8M asset impairment, with expense split Engine $7.3M, Drivetrain $3.6M, Corporate $0.6M. Employee-related accrual fell from $16.2M at 2006-12-31 to $9.2M at 2007-06-30 after $7.0M of cash payments in the first half of 2007; remaining cash payments expected to be complete by end of 2009.
2007-06-30plant_closurein_progress20062009-12-31Muncie, Indiana, United StatesDrivetrainUSD 15 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Fourth-quarter 2006 decision to close the Drivetrain plant; production to cease no later than expiration of the current labor contract in 2009. Charges recorded in Q4 2006: $14.8M employee-related costs, $51.6M asset impairments (primarily four-wheel drive transfer case line) and $6.8M pension curtailment; expense split Engine $5.9M, Drivetrain $67.3M. No employee headcount disclosed for the closure.
2007-06-30restructuringin_progress8502006-09-222009-12-31North AmericaEngine, Drivetrain, CorporateUSD 7 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Reduction of North American workforce by approximately 850 people, or 13%, spread across 19 operations in the U.S., Canada and Mexico. Employee related costs of $6.7 million recorded in 2006. Future cash payments expected to be complete by end of 2009.
2007-06-30plant_closurein_progress2006-10-012009-12-31Muncie, IndianaDrivetrainUSD 15 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Closing of Drivetrain plant in Muncie, Indiana. Production activity scheduled to cease no later than expiration of current labor contract in 2009. Employee related costs of $14.8 million recorded in Q4 2006.
2007-03-31restructuringin_progress85013%2006-09-222009-12-31United States, Canada, MexicoNorth American operations across 19 sites; charges split Engine $7.3M, Drivetrain $3.6M, Corporate $0.6MUSD 7 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Announced reduction of about 850 North American employees (13% of that workforce); $6.7M employee-related costs plus $4.8M asset impairment. Severance accrual rolled from $16.2M (2006-12-31) to $10.1M (2007-03-31) after $6.1M cash payments; future payments expected complete by end of 2009.
2007-03-31plant_closurein_progress2009-12-31Muncie, Indiana, United StatesDrivetrain (four-wheel drive transfer case product line)USD 15 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Drivetrain plant closure recorded in Q4 2006 (announcement date not specified beyond 'fourth quarter of 2006'): $14.8M employee-related costs, $51.6M asset impairments, $6.8M pension curtailment; charges split Engine $5.9M and Drivetrain $67.3M. Production to cease no later than expiration of the current labor contract in 2009. No employee count disclosed.
2007-03-31restructuringin_progress8502006-09-222009-12-31North AmericaEngine, Drivetrain, CorporateUSD 7 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Reduction of North American workforce by approximately 850 people, or 13%, spread across 19 operations in the U.S., Canada and Mexico. Employee related costs of $6.7 million recorded. Future cash payments expected to be complete by end of 2009.
2006-12-31restructuringin_progress85013%2006-09-22North America (United States, Canada, Mexico)Across 19 operations; segment split of charge: Engine $7.3M, Drivetrain $3.6M, Corporate $0.6MUSD 12 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Third quarter provision of $11.5M: $6.7M employee-related costs and $4.8M asset impairments. The 13% figure is the reduction as a percentage of the North American workforce, not of total global headcount of approximately 17,400. Remaining employee-related costs expected to be paid out through 2009.
2006-12-31plant_closurein_progress2006-12-312009-04-30United States (Muncie, Indiana)DrivetrainUSD 73 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Fourth quarter provision of $73.2M: $14.8M employee-related costs, $51.6M asset impairments (primarily four-wheel drive transfer case product line), $6.8M pension curtailment expense. Segment split of charge: Engine $5.9M, Drivetrain $67.3M. Production scheduled to cease no later than expiration of the current labor contract in 2009; announcement date not separately stated, recorded in Q4 2006.
2006-12-31acquisition_additioncompleted2006-09-302006-09-30Europe (Monaco)DrivetrainUSD 64 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of the European Transmission and Engine Controls (ETEC) product lines from Eaton Corporation for $63.7 million, net of cash acquired, as of the close of business for the quarter ended September 30, 2006. Headcount added through the transaction is not disclosed; charge value shown is the purchase price, not a severance charge.
2006-12-31restructuringcompleted85013%2006-09-222006-12-31North AmericaEngine, Drivetrain, CorporateUSD 12 (millions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Third quarter reduction of North American workforce by approximately 850 people, or 13%. Charge includes $6.7M employee costs and $4.8M asset impairments.
2006-12-31plant_closurein_progress2006-12-312009-04-30United StatesDrivetrainUSD 73 (millions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Fourth quarter restructuring including closure of Drivetrain plant in Muncie, Indiana. Production to cease no later than expiration of labor contract in 2009. Charge includes $14.8M employee costs, $51.6M asset impairments, and $6.8M pension curtailment. Specific headcount for this action not disclosed separately from total restructuring.
2006-12-31restructuringcompleted85013%2006-09-22North AmericaEngine, Drivetrain, CorporateUSD 12 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Third quarter reduction of North American workforce by approximately 850 people, or 13%, spread across 19 operations in the U.S., Canada and Mexico. Charge includes $6.7M employee related costs and $4.8M asset impairments.
2006-12-31plant_closurein_progress2006-12-312009-04-30United StatesDrivetrainUSD 73 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Fourth quarter evaluation resulted in closing Drivetrain plant in Muncie, Indiana. Production activity scheduled to cease no later than expiration of current labor contract in 2009. Charge includes $14.8M employee related costs, $51.6M asset impairments, and $6.8M pension curtailment expense.
2006-09-30restructuringin_progress85013%2006-09-22North America (U.S., Canada, Mexico)Engine, Drivetrain and Corporate (restructuring expense: Engine $7.3M, Drivetrain $3.6M, Corporate $0.6M)USD 12 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
13% of North American workforce across 19 operations; charge comprises $6.7M employee termination benefits (liability to be substantially paid before end of 2006) and $4.8M asset impairment. Percent is of North American workforce, not global total; no global headcount disclosed in filing.
2006-09-30restructuringin_progress85013%2006-09-222006-12-31North America (U.S., Canada, Mexico)Engine, Drivetrain, CorporateUSD 12 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Reduction of North American workforce by approx. 850 people (13%) across 19 operations. Includes $6.7M employee termination benefits and $4.8M asset impairment. Liability substantially paid out prior to end of 2006.
2005-12-31acquisition_additioncompleted2,7002005-01-042005-02-28Germany (global)EngineItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Approximately 2,700 Beru employees included in the 17,400 total at December 31, 2005. Company acquired 62.2% of Beru on January 4, 2005 and reached 69.4% following a tender offer that ended in February 2005. Headcount figure is as of fiscal year-end, not at acquisition date.
2005-12-31acquisition_additioncompleted2,7002005-01-042005-02-28GlobalEngineItem_1_Business
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Acquisition of 69.4% interest in Beru Aktiengesellschaft. Tender offer ended in February 2005.
2005-12-31acquisition_additioncompleted2,7002005-01-042005-02-28GlobalEngineItem_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Acquisition of Beru Aktiengesellschaft; 2,700 employees included in total headcount.
2005-06-30acquisition_additioncompleted2005-01-04GermanyEnginebusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Company acquired 62.2% of Beru shares on 2005-01-04, later holding 69.42% at total cost of approximately €420 million; results consolidated within the Engine segment from acquisition date. No employee headcount added through the acquisition is disclosed in this filing.
2005-06-30divestiture_reductioncompleted2005-03-11Germanyother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of unconsolidated turbomachinery investment AGK for €42 million (net proceeds approximately €40.3 million). No employee headcount removed through the divestiture is disclosed in this filing.
2005-03-31acquisition_additioncompleted2005-01-04GermanyEnginebusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquired 62.2% of Beru shares on 2005-01-04; tender offer ended 2005-01-24, leaving 69.42% held at total cost of approximately EUR 420 million. Beru results consolidated in the Engine segment from acquisition date; no employee headcount disclosed.
2005-03-31divestiture_reductioncompleted2005-03-11GermanyCorporate (unconsolidated investment)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of AGK (turbomachinery) stake completed 2005-03-11 for EUR 42 million to Turbo Group Gmbh; AGK had been an unconsolidated investment since 1997. No employee headcount disclosed.
2004-12-31acquisition_additioncompleted2004-11-012005-01-24GermanyEnginesubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of 62.2% of Beru completed 2005-01-04; tender offer closed 2005-01-24 leaving 69.42% ownership at a cost of approximately EUR 415 million. Beru will be reported within the Engine segment beginning 2005. No employee count disclosed for the acquired workforce.
2004-12-31divestiture_reductionannounced2005-02-172005-03-31Germany/AustriaEngine (turbochargers)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Share Transfer Agreement to sell the Company's 95.42% interest in AG Kuhnle, Kopp & Kausch to Turbo Group GmbH; estimated net proceeds of approximately EUR 39.8 million. No employee count disclosed for the divested workforce.
2004-09-30acquisition_additionannounced2,7002004-11-012004-12-31GermanyEngineUSD 764 (millions)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Proposed acquisition of 62.21% of Beru AG plus tender offer for remaining ~37%; Beru reported ~2,700 employees. Total transaction valued at EUR 621 million (~$764M). Closing anticipated around year-end 2004, subject to regulatory approval.
2004-09-30acquisition_additionannounced2,7002004-11-012004-12-31GermanyEngineUSD 764 (millions)subsequent_events
f5-10q / Qwen3.6-27B-Q8_0
Announced acquisition of 62.21% stake in Beru AG, a German automotive supplier employing approx. 2,700 people. Total transaction value approx. $764 million. Closing anticipated around year-end.
2002-12-31restructuringin_progress2202000-06-30GlobalAll operating segments except TorqTransfer Systems; all geographies and major functionsUSD 63 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Multi-year program initiated in 2000; 220 employees affected is cumulative from program inception, not FY2002-specific. FY2002 activity was $8.4M cash spend against prior accrual; no new provisions in 2002. Remaining accrual at 12/31/2002 was $3.3M, expected to be spent in 2003.
2002-12-31restructuringin_progress2001-12-31GlobalCorporate / cross-segmentUSD 28 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
FY2001 non-recurring charges (asset carrying-value adjustments, environmental remediation, product quality costs); no employee count disclosed. FY2002 activity limited to $8.4M cash spend; no new provisions.
2002-12-31restructuringcompleted2202000-06-302003-12-31GlobalAll segments except TorqTransfer SystemsUSD 9 (millions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Reduction of approximately 220 employees from 2000 restructuring program. Severance and other benefit costs of $8.9 million paid. Remaining $3.3 million expected to be spent in 2003.
2002-12-31restructuringcompleted2202000-06-302003-12-31GlobalAll segments except TorqTransfer SystemsUSD 9 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Reduction of approximately 220 employees from the workforce. Severance and other benefit costs of $8.9 million were paid. The reductions affected each operating segment apart from TorqTransfer Systems, across geographical areas and functional areas including production and selling/administrative positions. This action was part of restructuring charges incurred in 2000.
2001-12-31restructuringcompleted2202001-12-31All geographic areasAll operating segments except TorqTransfer Systems; production, selling and administrative functionsUSD 9 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Program originated in second half of 2000 (prior fiscal year); approximately 220 positions reduced. Severance accrual of $8.9M was fully paid during 2001 ($4.3M in 2000, $4.6M in 2001), leaving a zero balance at 2001-12-31. Announcement date not disclosed.
2001-12-31restructuringin_progressNot specifiedCompany-wide; asset write-downs, environmental remediation and product quality itemsUSD 28 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Non-recurring charges incurred in Q4 2001; $5.0M non-cash. Includes non-employee exit costs to close non-production facilities; no headcount reduction quantified. $11.7M of the accrual expected to be spent over the next two years.
2001-12-31divestiture_reductioncompletedNorth AmericaFuel Systems (heavy truck metal tanks)USD 35 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale to investor group led by TMB Industries completed April 2001; intention to sell announced April 2000. Associated $35.2M pre-tax loss on sale recorded in 2000. Headcount removed through the disposition not disclosed.
2001-12-31restructuringcompleted2202001-12-312001-12-31GlobalAll segments except TorqTransfer SystemsUSD 9 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Reduction of approximately 220 employees across production and selling/administrative positions. Severance and other benefit costs of $8.9 million incurred in Q4 2001.
2001-09-30restructuringin_progress22020002001-12-31Global (Americas, Europe, Asia)All operating segments except TorqTransfer Systems; production, selling and administrative positionsUSD 9 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Severance and other benefit costs component of a $62.9M pre-tax restructuring program initiated in second half of 2000; $8.2M paid through 2001-09-30, $0.7M balance remaining. Program expected to generate ~$19M annualized savings.
2001-09-30divestiture_reductioncompleted2001-042001-04North AmericaFuel Systems (divested operations)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of fuel systems business to TMB Industries-led investor group completed April 2001; no headcount associated with the divestiture was disclosed.
2001-09-30restructuringin_progress2202000-07-012001-12-31GlobalAll operating segments except TorqTransfer Systems; production and selling/administrative positionsUSD 9 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Reduction of approximately 220 employees. $8.2 million paid as of Sept 30, 2001; remaining payments expected by end of 2001.
2001-06-30restructuringin_progress2202001-12-31Americas, Europe and AsiaAll operating segments except TorqTransfer Systems; production, selling and administrative functionsUSD 63 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Program initiated in second half of 2000; severance component of $8.9M total charges, $8.0M paid through 2001-06-30, $0.9M remaining. Reduction of approximately 220 employees; remaining reductions and cash payments expected complete by end of 2001. Announcement date not specified in filing.
2001-06-30divestiture_reductioncompleted2001-04-012001-04-30North AmericaFuel Systems (divested operations)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of fuel systems business to investor group led by TMB Industries completed April 2001; no headcount disclosed. Related $35.2M loss on anticipated sale recorded in 2000 restructuring charges.
2001-06-30restructuringin_progress2202000-07-012001-12-31GlobalAll segments except TorqTransfer Systems; Production and Selling/AdministrativeUSD 9 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Severance and other benefit costs relate to the reduction of approximately 220 employees. Actions taken in response to deteriorating market conditions in H2 2000. Remaining reductions and cash payments expected to be completed by end of 2001.
2001-03-31restructuringin_progress2202000-07-012001-12-31Global (Americas, Europe, Asia)All operating segments except TorqTransfer Systems; production, selling and administrative functionsUSD 9 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Program announced in second half of 2000; 103 employees terminated with $6.7M severance paid through 2001-03-31; remaining reductions and cash payments expected complete by end of 2001. Total program charge of $62.9M pre-tax includes $47.3M non-cash.
2001-03-31divestiture_reductioncompleted2000-04-012001-04-30North AmericaFuel systems business (divested operations)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of fuel systems business to TMB Industries-led investor group completed April 2001; headcount associated with the divestiture not disclosed.
2001-03-31divestiture_reductioncompleted2000-12-012000-12-31North AmericaHVAC business (divested operations)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
HVAC business sold December 2000; associated headcount not disclosed in this filing.
2001-03-31restructuringin_progress2202000-06-302001-12-31GlobalAll operating segments except TorqTransfer Systems; Production and Selling/AdministrativeUSD 9 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Reduction of approximately 220 employees. As of March 31, 2001, $6.7 million paid for 103 terminated employees. Remaining reductions expected to be complete by end of 2001.
2000-12-31restructuringin_progress2402000-07-012001-12-31GlobalAll operating segments except TorqTransfer Systems; all geographies and major functional areas including production, selling and administrativeUSD 9 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Part of $62.9 million total restructuring and other non-recurring charges incurred in second half of 2000; approximately $4.3 million paid for 82 terminated employees by year-end, remaining reductions and cash payments expected complete by end of 2001. Announcement date approximated to the start of the second half of 2000 as no specific date is given.
2000-12-31divestiture_reductionannounced2000-04-01North AmericaFuel Systems (held for sale)USD 35 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Intention to sell non-core Fuel Systems business announced April 2000; $35.2 million loss on anticipated sale recorded. No headcount disclosed. Announcement date approximated to April 2000.
2000-12-31divestiture_reductioncompletedNorth AmericaKysor-Westran (divested operations)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Kysor-Westran sold during 2000 with a $5.4 million gain; no headcount associated with the sale disclosed.
2000-12-31restructuringin_progress2402000-06-302001-12-31GlobalAll segments except TorqTransfer SystemsUSD 9 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Reduction of approximately 240 employees. Severance and other benefit costs of $8.9 million. $4.3 million paid in 2000 for 82 terminated employees; remaining expected to be complete by end of 2001.
2000-09-30restructuringin_progress1702000-09-30GlobalAll segments except TorqTransfer Systems; all geographies and major functions including production, selling and administrativeUSD 33 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pre-tax charge of $32.6M ($19.6M after tax, $0.75/diluted share); $6.3M relates to future cash expenditures. Covers rationalization/integration and cost actions tied to vehicle production slowdowns at major customers.
2000-09-30restructuringin_progress1702000-09-30GlobalAll segments except TorqTransfer Systems; Production and Selling/AdministrativeUSD 33 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
One-time charge for rationalization, integration, and cost alignment with vehicle production slowdowns. $6.3M based on estimates of future cash expenditures.
2000-03-31divestiture_reductioncompleted1999-12-302000-01-04United StatesElectrical products (acquired from Kuhlman Corporation)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale closed into escrow 1999-12-30 and cleared escrow 2000-01-04; total sales price $137 million ($122 million cash, $15 million face value debt securities). Headcount impact not disclosed.
2000-03-31divestiture_reductionannounced2000-04-01North America and EuropeFuel Systems (within Air/Fluid Systems) and Kysor-Westran HVAC (within Morse TEC)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
April 2000 announcement of intent to sell two non-core businesses acquired with Kuhlman's vehicle products business in March 1999; proceeds intended for general corporate purposes. Announcement month stated only; headcount impact not disclosed.
1999-12-31acquisition_additioncompleted1999-03-011999-03-01United StatesAir/Fluid Systems, Cooling Systems, Morse TECbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquired all outstanding shares of Kuhlman Corporation for $693.0 million; headcount added not separately disclosed. Employee count rose from ~10,100 to ~14,400 during 1999, reflecting acquisitions.
1999-12-31acquisition_additioncompleted1999-10-011999-10-01United States, Germany, United Kingdom, Brazil, South Korea, ChinaCooling Systemsbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquired Eaton's Fluid Power Division for $321.7 million; headcount added not separately disclosed
1999-12-31divestiture_reductioncompleted1999-12-311999-12-31United StatesElectrical products (Kuhlman Electric Corporation)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sold Kuhlman Electric to Carlyle Group for net sale price of $120.1 million; headcount removed not disclosed
1999-12-31divestiture_reductioncompleted1999-12-302000-01-04United StatesElectrical products (Coleman Cable Systems, Inc.)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sold Coleman Cable for net sale price of $137.3 million; closed into escrow December 30, 1999 and cleared January 4, 2000; headcount removed not disclosed
1999-12-31divestiture_reductioncompleted1999-10-011999-10-31United StatesTransmission Systems (forged powder metal race business)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sold one-way clutch forged powder metal race business in Gallipolis, Ohio to GKN Sinter Metals for $45.5 million; headcount removed not disclosed
1999-12-31acquisition_additioncompleted1999-03-011999-03-01GlobalVarious (Air/Fluid, Cooling, Morse TEC)Item 1_Business
f5-10k / Qwen3.6-27B-Q8_0
Acquired Kuhlman Corporation; headcount increase implied by growth from 10,100 to 14,400 employees.
1999-12-31acquisition_additioncompleted1999-10-011999-10-01GlobalCooling SystemsItem 1_Business
f5-10k / Qwen3.6-27B-Q8_0
Acquired Eaton Fluid Power Division; contributed to year-end headcount.
1999-12-31divestiture_reductioncompleted1999-10-011999-10-01United StatesTransmission SystemsItem 1_Business
f5-10k / Qwen3.6-27B-Q8_0
Sold forged powder metal race business.
1999-12-31divestiture_reductioncompleted1999-12-311999-12-31United StatesElectrical Products (Divested)Item 1_Business
f5-10k / Qwen3.6-27B-Q8_0
Sold Kuhlman Electric and Coleman Cable businesses acquired earlier in the year.
1999-12-31acquisition_additioncompleted1999-10-151999-10-15Fluid Power Division of Eaton Corporationother
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Completion of the Fluid Power Division acquisition announced via Form 8-K on 1999-10-15; no headcount added or severance disclosed in this filing.
1999-06-30restructuringin_progress1999-03-01CorporateUSD 14 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Assumed indebtedness for settlement of certain long-term incentive programs and severance programs related to the Kuhlman acquisition. Employee count not disclosed.
1999-06-30othercompletedCorporatebusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Kuhlman's corporate headquarters has been closed following the acquisition.
1999-03-31acquisition_additioncompleted1998-12-171999-03-01United StatesMorse TEC; Air/Fluid Systems (Schwitzer industrial products)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Merger completed 1999-03-01 for ~$693 million; no employee count disclosed. Company also assumed ~$14 million (net of tax) of Kuhlman long-term incentive and severance program obligations; Schwitzer results included from acquisition date.
1999-03-31divestiture_reductionannounced1999-05-141999-09-30United StatesKuhlman electrical products businessesbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Intent to sell Kuhlman electrical products businesses disclosed in this filing (date of initial announcement not stated); net investment of $227.4 million classified as held for sale. No headcount disclosed.
1999-03-31acquisition_additioncompleted1999-03-01USD 693 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquired all outstanding shares of Kuhlman Corporation. Headcount not explicitly disclosed in this filing.
1998-12-31acquisition_additioncompleted1998-12-211999-03-01United StatesIndustrial products (Schwitzer Group) and electrical productssubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Merger agreement announced 1998-12-21; completed 1999-03-01 for ~$683M. Headcount not disclosed. Company intends to sell Kuhlman's electrical products businesses.
1998-12-31divestiture_reductioncompleted1998-12-31United StatesAutomatic Transmission Systems — torque converter businessMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Agreement entered April 1998 to sell substantially all remaining assets to Mannesmann Sachs AG; operations phased out during 1998. Headcount not disclosed.
1998-12-31divestiture_reductioncompleted1998-12-31United StatesPrecision forged powder metal connecting rod businessMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sold September 1998 to GKN Sinter Metals for $41.8M (final price $42.0M). Headcount not disclosed.
1998-12-31divestiture_reductioncompleted1998-12-31JapanAutomatic Transmission Systems — Warner-Ishi joint ventureItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Company sold its ownership interest in Warner-Ishi Corporation and Warner-Ishi Europe S.p.A. to joint venture partner Ishikawajima-Harima Heavy Industries during 1998. Headcount not disclosed.
1998-09-30divestiture_reductioncompleted1998-09-30United StatesPrecision forged powder metal connecting rod business unitMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sold to GKN Sinter Metals for $41.8 million in Q3 1998; no employee count or workforce impact disclosed.
1998-09-30divestiture_reductionin_progress1998-04-301998-12-31United StatesTorque Converter businessMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement to sell substantially all remaining assets to Mannesmann Sachs AG; operations to be phased out during 1998; no employee count disclosed.
1998-06-30divestiture_reductionin_progress1998-04-011998-12-31Torque Converter businessMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement to sell substantially all remaining Torque Converter assets to Mannesmann Sachs AG; operations to be phased out during 1998. No headcount impact disclosed; filing states no significant gain or loss expected. Announcement month given as April 1998 (day not specified).
1998-06-30divestiture_reductionannounced1998-07-01Precision forged powder metal connecting rod business unitsubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Post-quarter letter of intent to sell the connecting rod unit to GKN Sinter Metals, Inc.; subject to due diligence, purchase agreement and regulatory review. No headcount impact disclosed. Announcement month given as July 1998 (day not specified).
1998-03-31divestiture_reductionannounced1998-041998-12-31Not disclosedTorque Converter businessother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement to sell substantially all remaining Torque Converter assets to Mannesmann Sachs AG; operations to be phased out during 1998. No employee count, severance charge, or workforce impact disclosed; filer states the transaction is not expected to result in a significant gain or loss.
1997-12-31acquisition_additioncompleted1997-10-311997-10-31GermanyAG Kuhnle, Kopp & Kausch (turbochargers and turbomachinery)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Company acquired 63% of the capital stock of AG Kuhnle, Kopp & Kausch on October 31, 1997; acquired headcount not disclosed. Results included sales of $24.8 million for November-December 1997.
1997-12-31othercompleted1997-12-31Not disclosedProduct lines relocated between facilitiesUSD 3 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Approximately $3 million spent during 1997 to relocate product lines from one facility to another; no employee impact quantified by the filer.
1997-12-31divestiture_reductioncompleted1996-12-311998-12-31United StatesPowertrain SystemsUSD 23 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Sale of North American manual transmission business in Dec 1996. Accrual of $23 million remained at Dec 31, 1997 for transition costs, including reconfiguring Muncie facility. Employee count affected not explicitly disclosed.
1997-09-30acquisition_additioncompleted1997-10-31GermanyTurbochargers and turbomachinery (automotive and industrial)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Purchased 63% of Kuhnle, Kopp & Kausch A.G. from Penske Corporation, effective 1997-10-31. No employee count disclosed; 1996 sales of DM314 million reported.
1997-09-30divestiture_reductionannounced1997-04-01United StatesPowder metal engine connecting rod businessother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Company retained Lehman Brothers to solicit buyers; announced April 1997. No employee count disclosed; business reported net sales of $22.9 million for the nine months ended 1997-09-30.
1996-12-31divestiture_reductioncompleted1996-12-31United States (Muncie, Indiana)Powertrain Systems — North American manual transmission businessUSD 62 (millions)other
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale to Transmisiones y Equipos Mecanicos S.A. de C.V. completed December 31, 1996; $20.3 million cash received at closing plus approximately $20 million over a 15-18 month transition period. Pretax loss of $61.5 million ($35 million after tax, $1.49 per share) includes costs to supply existing customers during transfer and costs of reconfiguring the Muncie facility for the remaining 4WD transfer case business. Employees affected not disclosed; business had $100 million of 1996 sales.
1996-12-31acquisition_additioncompleted1996-06-171996-06-17United States (facilities in Mississippi, Oklahoma, Texas)Air/Fluid Systems — Holley Automotive, Coltec Automotive and Performance Friction Products divisionsbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Coltec Acquisition for $287.8 million in cash including $4.8 million of acquisition costs; added three manufacturing facilities. Headcount added through the acquisition not disclosed; contributed $123 million of post-acquisition sales and $13 million pretax operating income in 1996.
1996-12-31divestiture_reductioncompleted1996-12-311996-12-31North AmericaPowertrain SystemsUSD 35 (millions)Item 1_Business
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Company took a one-time after-tax charge of $35 million ($1.49 per share) in the fourth quarter as a result of the sale. Employee count not explicitly disclosed for this specific divestiture.
1996-12-31divestiture_reductioncompleted1996-12-311996-12-31North AmericaPowertrain SystemsUSD 62 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Sale of manual transmission business to Transmisiones y Equipos Mecanicos S.A. de C.V. resulted in a pretax loss of $61.5 million. Employee count affected not explicitly disclosed.
1996-09-30acquisition_additioncompleted1996-06-171996-06-17North AmericaAir/Fluid Systemsbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquired Holley Automotive, Coltec Automotive, and Performance Friction Products from Coltec Industries for $283 million cash; no headcount disclosed.
1996-09-30divestiture_reductionannounced1996-10-21United States (Muncie, Indiana)Powertrain Systems — manual transmission businessUSD 35 (millions)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement to sell North American manual transmission business to Tremec; expected one-time after-tax charge of $35 million ($1.50/share) in Q4 1996; no employee count disclosed.
1996-09-30acquisition_additioncompleted1996-06-17North AmericaAir/Fluid SystemsUSD 283 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquired operations and substantially all operating assets of three Coltec Industries automotive OEM businesses: Holley Automotive, Coltec Automotive, and Performance Friction Products.
1996-09-30divestiture_reductionannounced1996-10-21Muncie, IndianaPowertrain SystemsUSD 35 (millions)subsequent_events
f5-10q / Qwen3.6-27B-Q8_0
Agreement to sell North American manual transmission manufacturing business to Tremec. Expected one-time after-tax charge of $35 million includes costs associated with sale, transition, and reconfiguring the Muncie operation.
1996-06-30acquisition_additioncompleted1996-06-171996-06-17North AmericaAutomotive OEM (Holley Automotive, Coltec Automotive, Performance Friction Products)USD 283 (millions)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Purchase price of $283 million cash; no headcount disclosed. Acquired businesses had combined 1995 sales of $255 million.
1996-06-30divestiture_reductionin_progress1996-01-01North AmericaPowertrain Systems — manual transmission businessMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
North American manual transmission business offered for sale with Lehman Brothers retained; proposals received after June 30, 1996. No headcount disclosed; nominal investment of $55 million including $17 million working capital.
1996-06-30otherin_progressNorth AmericaGeneral MotorsMD&A
f5-10q / Qwen3.6-27B-Q8_0
Strike at General Motors in March reduced volume.
1996-03-31otherin_progress1996-03North AmericaMorse TEC (Chain Systems); Automatic Transmission Systems; Powertrain SystemsMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
General Motors strike in March 1996 (third-party labor action, not the Company's own workforce). Cost the Company $8.5 million in lost revenues and contributed to a $3.4 million gross margin decrease; Morse TEC sales fell $4.4 million primarily due to the strike.
1996-03-31divestiture_reductionannounced1996-01-19North AmericaManual transmission business (Powertrain Systems)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
North American manual transmission business offered for sale with Lehman Brothers retained; sale process in early stages. Business lost money in Q1 1996 on reduced volumes (sales $28.4M vs. $44.7M prior-year quarter). No employee count or gain/loss disclosed. Form 8-K filed 1996-01-19.
1996-03-31acquisition_additionannounced1996-04-011996-06-30North AmericaHolley Automotive; Coltec Automotive; Performance Friction ProductsUSD 283 (millions)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement to purchase three Coltec Industries automotive OEM businesses for $283 million cash, expected to close Q2 1996 subject to regulatory approval; combined 1995 sales of $255 million. Purchase price disclosed, not a charge; no headcount disclosed. Announcement month stated as April 1996 (day not specified).
1996-03-31otherin_progressNorth AmericaGeneral MotorsMD&A
f5-10q / Qwen3.6-27B-Q8_0
General Motors strike in March 1996 resulted in $8.5 million in lost revenues.
1996-03-31divestiture_reductionannounced1996-01North AmericaManual Transmissionsubsequent_events
f5-10q / Qwen3.6-27B-Q8_0
North American manual transmission business offered for sale; process in early stages.
1996-03-31acquisition_additionannounced1996-041996-Q2Automotive OEMUSD 283 (millions)subsequent_events
f5-10q / Qwen3.6-27B-Q8_0
Agreement to purchase Coltec Industries' automotive OEM businesses for $283 million cash.
1995-12-31divestiture_reductionannounced1996-011996-12-31North AmericaPowertrain Systems — manual transmissionssubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
January 1996 announcement of intent to sell the North American manual transmission business (Lehman Brothers retained); 1995 net sales of $148 million with an operating loss; investment in net assets approximates $60 million including $21 million working capital; no employee count or gain/loss estimate disclosed
1995-12-31acquisition_additioncompleted1995-041995-04-30United StatesAutomatic Transmission SystemsUSD 28 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Federal-Mogul's Precision Forged Products Division for $28 million plus certain working capital; results included from May 1995; headcount added not disclosed
1995-12-31acquisition_additioncompleted1995-121995-12-31FranceControl SystemsUSD 13 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Societe de L'Usine de la Marque (SUM), a French maker of control components, for $13 million; accounts included in the December 31, 1995 balance sheet but no results consolidated; headcount added not disclosed
1995-12-31acquisition_additioncompleted1995-011995-03-31ItalyMorse TECUSD 5 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Purchase of the remaining 47% of the Italian chain joint venture (renamed Morse TEC Europe) for $5 million; headcount added not disclosed