Restructuring (Tables)

12 Months Ended

Dec. 31, 2025

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


For the year ended December 31,	2025		2024		2023
Employee termination benefits	$	194.7	$	129.0	$	119.2
Asset impairments
Property, plant and equipment	38.7		2.9		5.1
Right-of-use assets	7.6		2.3		10.9
Contract termination costs	4.9		3.7		5.7
Other related net costs	7.2		1.0		(8.2)
	$	253.1	$	138.9	$	132.7

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


For the year ended December 31,	2025		2024		2023
Cost of sales	$	224.9	$	133.1	$	130.2
Selling, general and administrative expenses	31.0		19.3		20.7
Other income, net	(2.8)		(13.5)		(18.2)
	$	253.1	$	138.9	$	132.7

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

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


	2025		2024
Balance as of January 1,	$	100.0	$	121.6
Provision for employee termination benefits	194.7		129.0
Payments, utilizations and foreign currency	(203.7)		(150.6)
Balance as of December 31,	$	91.0	$	100.0

LEAR CORP 10-K