8 Restructuring

Restructuring provisions are made on a case-by-case basis and primarily include severance costs incurred in connection with headcount reductions and plant consolidations. The Company expects to finance restructuring programs over the next several years through cash generated from its ongoing operations or through cash available under existing credit facilities. The Company does not expect that the execution of these activities will have a material adverse impact on its liquidity position. The majority of restructuring activities relate to the Passive Safety segment. The changes in the employee-related reserves have been charged against Other income (expense), net in the Consolidated Statements of Net Income.

Three months ended March 31, 2017

The employee-related restructuring provisions and cash payments for the three months ended March 31, 2017 mainly related to headcount reductions in high-cost countries in Europe and Asia. The table below summarizes the change in the balance sheet position of the restructuring reserves from December 31, 2016 to March 31, 2017.

	December 31, 2016		Provision/ Charge		Provision/ Reversal			Cash payments			Translation difference		March 31, 2017
Restructuring employee-related	$	37.1	$	2.3	$	(0.1	)	$	(9.3	)	$	0.6	$	30.6
Other	0.4		0.2			(0.4	)	-				-		0.2
Total reserve	$	37.5	$	2.5	$	(0.5	)	$	(9.3	)	$	0.6	$	30.8

Three months ended March 31, 2016

The employee-related restructuring provisions and cash payments for the three months ended March 31, 2016 mainly related to headcount reductions in high-cost countries in Europe and Asia. The table below summarizes the change in the balance sheet position of the restructuring reserves from December 31, 2015 to March 31, 2016.

	December 31, 2015		Provision/ Charge		Provision/ Reversal			Cash payments			Translation difference		March 31, 2016
Restructuring employee-related	$	87.7	$	13.5	$	(0.3	)	$	(17.6	)	$	3.5	$	86.8
Other		0.2		—		—			—			—		0.2
Total reserve	$	87.9	$	13.5	$	(0.3	)	$	(17.6	)	$	3.5	$	87.0