Restructuring

9 Months Ended

Sep. 30, 2021

Restructuring and Related Activities [Abstract]

Restructuring

Restructuring

On an ongoing basis, the Company evaluates its business and objectives to ensure that it is properly configured and sized based on changing market conditions. Accordingly, the Company has implemented several restructuring initiatives, including closure or consolidation of facilities throughout the world and the reorganization of its operating structure.

The Company’s restructuring charges consist of severance, retention and outplacement services, and severance-related postemployment benefits (collectively, “employee separation costs”), other related exit costs and asset impairments related to restructuring activities. Employee separation costs are recorded based on existing union and employee contracts, statutory requirements, completed negotiations and Company policy.

Restructuring expense by segment for the three and nine months ended September 30, 2021 and 2020 was as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
North America	$	307	$	3,721	$	3,513	$	10,468
Europe	1,113		1,720		27,284		7,019
Asia Pacific	282		552		1,265		3,264
South America	(129)		316		1,858		2,367
Total Automotive	1,573		6,309		33,920		23,118
Corporate and other	—		(123)		331		118
Total	$	1,573	$	6,186	$	34,251	$	23,236

Restructuring activity for the nine months ended September 30, 2021 was as follows:

	Employee Separation Costs		Other Exit Costs		Total
Balance as of December 31, 2020	$	15,029	$	8,406	$	23,435
Expense	28,455		5,796		34,251
Cash payments	(19,329)		(8,031)		(27,360)
Non-cash fixed asset impairments included in expense	—		(214)		(214)
Foreign exchange translation and other	(994)		475		(519)
Balance as of September 30, 2021	$	23,161	$	6,432	$	29,593