The Company’s restructuring activities are undertaken, as necessary, to execute management’s strategy and streamline operations, consolidate and take advantage of available capacity and resources, and ultimately achieve net cost reductions. Restructuring activities include efforts to integrate and rationalize the Company’s business and to relocate operations to best-cost locations.

The Company’s restructuring expenses consist primarily of employee termination benefits (principally severance and/or termination benefits) and other costs, which are primarily professional fees and costs related to facility closures and exits. The balances for the three months ended March 31, 2022 have been recast for a change in reporting segments that was made during the three months ended March 31, 2023. Refer to Note 22, “Reporting Segments And Related Information,” to the Condensed Consolidated Financial Statements for more information.


	Three Months Ended March 31, 2023
(in millions)	Air Management		Drivetrain & Battery Systems		Fuel Systems		ePropulsion		Corporate		Total
Employee termination benefits	$	2	$	—	$	4	$	—	$	—	$	6
Other	1		—		—		—		—		1
Total restructuring expense	$	3	$	—	$	4	$	—	$	—	$	7

	Three Months Ended March 31, 2022
(in millions)	Air Management		Drivetrain & Battery Systems		Fuel Systems		ePropulsion		Corporate		Total
Employee termination benefits	$	7	$	—	$	1	$	—	$	—	$	8
Other	—		7		—		—		—		7
Total restructuring expense	$	7	$	7	$	1	$	—	$	—	$	15

The following tables display a rollforward of the restructuring liability recorded within the Company’s Condensed Consolidated Balance Sheets and the related cash flow activity:


(in millions)	Employee Termination Benefits		Other		Total
Balance at January 1, 2023	$	59	$	9	$	68
Restructuring expense, net	6		1		7
Cash payments	(21)		(2)		(23)
Foreign currency translation adjustment and other	—		—		—

Balance at March 31, 2023	44		8		52
Less: Non-current restructuring liability	10		—		10
Current restructuring liability at March 31, 2023	$	34	$	8	$	42

(in millions)	Employee Termination Benefits		Other		Total
Balance at January 1, 2022	$	126	$	13	$	139
Restructuring expense, net	8		7		15
Cash payments	(38)		(12)		(50)
Foreign currency translation adjustment and other	(3)		3		—
Balance at March 31, 2022	93		11		104
Less: Non-current restructuring liability	25		2		27
Current restructuring liability at March 31, 2022	$	68	$	9	$	77

During the three months ended March 31, 2023, the Company recorded $4 million of restructuring costs for individually approved restructuring actions that primarily related to reductions in headcount.

2020 Structural Costs Plan In February 2020, the Company announced a $300 million restructuring plan to address existing structural costs. During the three months ended March 31, 2023 and 2022, the Company recorded $3 million and $13 million of restructuring charges related to this plan, respectively. Cumulatively, the Company has incurred $290 million of restructuring charges related to this plan. The actions under this plan are substantially complete.

2019 Legacy Delphi Technologies Plan In 2019, legacy Delphi Technologies announced a restructuring plan to reshape and realign its global technical center footprint and reduce salaried and contract staff. The Company continued actions under this plan post-acquisition and has recorded cumulative charges of

$67 million since October 1, 2020, including approximately $2 million in restructuring charges during the three months ended March 31, 2022. The actions under this plan are substantially complete.

The following provides details of restructuring expense incurred by the Company’s reporting segments during the three months ended March 31, 2023 and 2022, related to the plans and actions discussed above:

•During the three months ended March 31, 2023, the segment recorded $3 million of restructuring costs under this plan, primarily related to $2 million for a voluntary termination program.

•During the three months ended March 31, 2022, the segment recorded $6 million of restructuring costs under this plan. This primarily related to $5 million for a voluntary termination program pursuant to which approximately 25 employees accepted termination packages in 2022.

•During the three months ended March 31, 2022, the segment recorded $7 million of restructuring costs, primarily related to severance costs associated with the announced closure of a technical center in Europe affecting approximately 80 employees.

•During the three months ended March 31, 2022, the segment recorded $1 million of restructuring costs related to this plan, primarily related to employee severance and equipment moves.

Estimates of restructuring expense are based on information available at the time such charges are recorded. Due to the inherent uncertainty involved in estimating restructuring expenses, actual amounts paid for such activities may differ from amounts initially recorded. Accordingly, the Company may record revisions of previous estimates by adjusting previously established accruals.

The Company continues to evaluate different options across its operations to reduce existing structural costs over the next few years. The Company will recognize restructuring expense associated with any future actions at the time they are approved and become probable or are incurred. Any future actions could result in significant restructuring expense.