Restructuring Activities

3 Months Ended

Mar. 31, 2026

Restructuring and Related Activities [Abstract]

Restructuring

Given the economically-sensitive and highly competitive nature of the automotive electronics industry, the Company continues to closely monitor current market factors and industry trends, taking actions as necessary which may include restructuring actions. However, there can be no assurance that any such actions will be sufficient to fully offset the impact of adverse factors on the Company or its results of operations, financial position and cash flows.

During the three months ended March 31, 2026, the Company recorded $18 million of net restructuring expense. During the three months ended March 31, 2025, the Company recorded no restructuring expense. These expenses are primarily related to employee severance.

Current restructuring actions include the following:

•During the first quarter of 2026, the Company approved and began to execute on a restructuring action designed to rebalance resources and better align talent with areas of business growth while improving operational efficiencies. As of March 31, 2026 the Company has $17 million accrued related to these actions and payments related to these programs are expected to be complete by the end of 2028.

•During September of 2024, the Company approved a global restructuring program impacting manufacturing and engineering facilities, as well as administrative functions to improve efficiency and further rationalize the Company’s footprint. As of March 31, 2026, $9 million remains accrued for the program and payments related to this program are expected to be complete by the end of 2026.

•During prior years, the Company approved various restructuring programs to improve efficiencies across the organization. As of March 31, 2026, $4 million remains accrued related to these previously announced actions.

•As of March 31, 2026, the Company retained restructuring reserves as part of the Company's divestiture of the majority of its global Interiors business (the "Interiors Divestiture") and legacy operations of $3 million associated with completed programs for the fundamental reorganization of operations at facilities in Brazil and France.

Restructuring Reserves

The Company’s restructuring reserves and related activity are summarized below. The Company anticipates that the activities associated with the current restructuring reserve balance will be substantially complete by the end of 2028. The Company’s condensed consolidated restructuring reserves are shown as Other liabilities as detailed in Note 8, "Other Liabilities".


(In millions)
December 31, 2025	$	23
Expense	18
Foreign currency	(1)
Payments	(7)
March 31, 2026	$	33

VISTEON CORP 10-Q