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...See Note 20, “Segment Information,” for restructuring, impairment and transaction-related charges by segment. Restructuring Charges The Company began a restructuring program in 2010 related to eliminating excess manufacturing capacity and properly aligning its cost structure and has since announced a total of 50 plant closures through March 31, 2021...

...19 INDEX Note 9 - Restructuring and Related Charges Global Restructuring Program In May 2022, the Company initiated a global program (Global Restructuring Program) to restructure and align our cost base with current and anticipated future market conditions, which was previously referred to as the Fiscal Year 2023 Restructuring Program. This...

...19 INDEX Note 9 - Restructuring and Related Charges Global Restructuring Program In May 2022, the Company initiated a global program (Global Restructuring Program) to restructure and align our cost base with current and anticipated future market conditions, which was previously referred to as the Fiscal Year 2023 Restructuring Program. This...

...Restructuring Plans 2023 Restructuring Plan On May 23, 2023, the Board of Directors approved the Company’s May 2023 Restructuring Plan (“2023 Plan”) which includes site consolidations, facilities moves and closures, as well as the relocation and requalification of certain manufacturing 23 Table of Contents facilities. These restructuring actions were...

...Restructuring Plans 2023 Restructuring Plan On May 23, 2023, the Board of Directors approved the Company’s May 2023 Restructuring Plan (“2023 Plan”) which includes site consolidations, facilities moves and closures, as well as the relocation and requalification of certain manufacturing 23 Table of Contents facilities. These restructuring actions were...

...Restructuring and Impairments 2025 Restructuring Plan On July 1, 2025, the Company announced a strategic restructuring plan (the “2025 Restructuring Plan”) designed to free up funds to invest in music and to accelerate the Company’s long-term growth. The 2025 Restructuring Plan is expected to be fully implemented by...

...IMPAIRMENT, RESTRUCTURING AND OTHER Activity described herein is classified within the “Cost of sales-impairment, restructuring and other” and “Impairment, restructuring and other” lines in the Condensed Consolidated Statements of Operations. The following table details impairment, restructuring and other charges (recoveries) for each of the periods presented: Three Months Ended...

...Non-current restructuring liability 7 - 7 Current restructuring liability at June 30, 2025 $ 25 $ 12 $ 37 11 Table of Contents 2024 Structural Cost Plan In June 2024, the Company approved an approximately $ 75 million restructuring plan to address the cost structure in its PowerDrive Systems segment due to electric vehicle...

...Restructuring In February 2025, our management approved a new global restructuring program (the "2025 Restructuring Plan") intended to reduce costs and transform the way we operate. The 2025 Restructuring Plan is expected to result in total pre-tax restructuring charges of approximately $ 85 million. The pre-tax restructuring charges consist...

...Restructuring In February 2025, our management approved a new global restructuring program (the "2025 Restructuring Plan") intended to reduce costs and transform the way we operate. The 2025 Restructuring Plan is expected to result in total pre-tax restructuring charges of approximately $ 85 million. The pre-tax restructuring charges consist...

...The restructuring actions relate to cost reduction initiatives and consist primarily of workforce reductions and lease contract terminations. The restructuring actions are expected to be substantially completed by fiscal 2023. Adient's restructuring plans include workforce reductions of approximately 15,000 employees. Restructuring charges associated with employee severance and termination...

...19 Table of Contents The following table presents restructuring charges incurred by segment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Contract ​ Aftermarket ​ ​ ​ ​ ​ ​ (in thousands) ​ Operations ​ Services ​ Other (1) ​ Total Three months ended September 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pandemic restructuring ​ $ - ​ $ - ​ $ 224 ​ $ 224 Property restructuring - other exit costs ​ ​ - ​ ​ - ​ ​ 19 ​ ​ 19 Other restructuring ​ ​ - ​ ​ - ​ ​ 70 ​ ​ 70 Total restructuring charges ​ $ - ​ $ - ​ $ 313 ​ $ 313 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months...

...19 Table of Contents The following table presents restructuring charges incurred by segment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Contract ​ Aftermarket ​ ​ ​ ​ ​ ​ (in thousands) ​ Operations ​ Services ​ Other (1) ​ Total Three months ended September 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pandemic restructuring ​ $ - ​ $ - ​ $ 224 ​ $ 224 Property restructuring - other exit costs ​ ​ - ​ ​ - ​ ​ 19 ​ ​ 19 Other restructuring ​ ​ - ​ ​ - ​ ​ 70 ​ ​ 70 Total restructuring charges ​ $ - ​ $ - ​ $ 313 ​ $ 313 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months...

...Restructuring and Asset Impairment Charges Restructuring During the three and six months ended June 30, 2023 we incurred restructuring costs of $ 28 million and $ 34 million, respectively. We incurred these charges primarily as a result of our acquisition of Evoqua. Approximately, $ 14 million of the charges related to stock based...

...We substantially completed our restructuring activities during the third quarter of fiscal 2022. Since the announcement of the restructuring activities in May 2020, we incurred aggregate restructuring and restructuring-related costs of $9.9 million. As of May 28, 2022, there was no outstanding restructuring liability. Total restructuring and restructuring...

...Restructuring and Asset Impairment Charges Restructuring From time to time, the Company will incur costs related to restructuring actions in order to optimize our cost base and more strategically position itself. During the three and six months ended June 30, 2022, we incurred restructuring charges of $ 6 million. We incurred...

...Notes to Unaudited Condensed Financial Statements Restructuring, Impairment and Costs of Suspended Programs The Company recognizes restructuring charges related to the 2025 Restructuring when liabilities have been incurred. In connection with these activities, the Company records restructuring charges at fair value for: • severance and benefit expense in full for employees...

...Restructuring In December 2023, our management approved a new global restructuring program (the “2023 Restructuring Plan”) intended to optimize our cost structure and drive greater efficiencies throughout the company. The 2023 Restructuring Plan is expected to result in total pre-tax restructuring charges of approximately $ 120 million. The pre-tax...

...Restructuring In December 2023, our management approved a new global restructuring program (the “2023 Restructuring Plan”) intended to optimize our cost structure and drive greater efficiencies throughout the company. The 2023 Restructuring Plan is expected to result in total pre-tax restructuring charges of approximately $ 120 million. The pre-tax...

...Restructuring and Asset-Related Charges We engage in restructuring activities focused on improving productivity and operating margins. Restructuring costs primarily relate to costs associated with workforce reductions, plant consolidations and closures, and changes to the management structure to align with our operations. Other restructuring associated costs primarily consist of equipment...