9 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.

The majority of the reserve balance as of September 30, 2017 pertains to restructuring activities initiated in Western Europe in the past few years. The Company anticipates that its restructuring initiatives in Western Europe for a number of plants, none of which are individually or in the aggregate material as of September 30, 2017, will continue through dates ranging from 2017 through 2021. The total amount of costs expected to be incurred in connection with these restructuring activities ranges from approximately $10 million to $28 million for each individual activity. In the aggregate, the cost for these Western European restructuring initiatives is approximately $102 million and the remaining restructuring liability as of September 30, 2017 is approximately $36.5 million out of the $43.8 million total reserve balance.

Three months ended September 30, 2017

The employee-related restructuring provisions and cash payments for the three months ended September 30, 2017 mainly related to headcount reductions in high-cost countries in Europe. The table below summarizes the change in the balance sheet position of the restructuring reserves from June 30, 2017 to September 30, 2017.

	June 30, 2017		Provision/ Charge		Provision/ Reversal			Cash payments			Translation difference		September 30, 2017
Restructuring employee-related	$	24.5	$	21.3	$	(0.4	)	$	(4.1	)	$	2.3	$	43.6
Other		0.2		—		—			—			0.0		0.2
Total reserve	$	24.7	$	21.3	$	(0.4	)	$	(4.1	)	$	2.3	$	43.8

Nine months ended September 30, 2017

The employee-related restructuring provisions and cash payments for the nine months ended September 30, 2017 mainly related to headcount reductions in high-cost countries in Europe. The table below summarizes the change in the balance sheet position of the restructuring reserves from December 31, 2016 to September 30, 2017.

	December 31, 2016		Provision/ Charge		Provision/ Reversal			Cash payments			Translation difference		September 30, 2017
Restructuring employee-related	$	37.1	$	24.9	$	(4.2	)	$	(18.8	)	$	4.6	$	43.6
Other		0.4		0.2		(0.4	)		—			0.0		0.2
Total reserve	$	37.5	$	25.1	$	(4.6	)	$	(18.8	)	$	4.6	$	43.8

Three months ended September 30, 2016

The employee-related restructuring provisions and cash payments for the three months ended September 30, 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 June 30, 2016 to September 30, 2016.

	June 30, 2016		Provision/ Charge		Provision/ Reversal			Cash payments			Translation difference			September 30, 2016
Restructuring employee-related	$	66.5	$	3.4	$	(0.1	)	$	(11.8	)	$	0.4		$	58.4
Other		0.1		—		—			—			(0.1	)		0.0
Total reserve	$	66.6	$	3.4	$	(0.1	)	$	(11.8	)	$	0.3		$	58.4

Nine months ended September 30, 2016

The employee-related restructuring provisions and cash payments for the nine months ended September 30, 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 September 30, 2016.

	December 31, 2015		Provision/ Charge		Provision/ Reversal			Cash payments			Translation difference			September 30, 2016
Restructuring employee-related	$	87.7	$	20.6	$	(0.8	)	$	(50.9	)	$	1.8		$	58.4
Other		0.2		—		—			—			(0.2	)		0.0
Total reserve	$	87.9	$	20.6	$	(0.8	)	$	(50.9	)	$	1.6		$	58.4