AUTOLIV INC

For the period ended Jun 30, 2024. Filed Jul 19, 2024.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Jul 19, 2024

ALV$124.33+0.7%Stored close · as of Nov 9, 2026

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Restructuring

REST RUCTURING

As of June 30, 2024, the majority of the restructuring reserve balance of$189 million is attributed to global structural cost reduction program activities initiated in Europe in 2023. These activities are expected to be concluded during 2024 and 2025.

Provisions and cash payments for the three and six months periods ended June 30, 2024 relate to the restructuring activities in Europe. The provision charges for the three and six months periods ended June 30, 2023 mainly relate to restructuring activities in Germany and UK.

The table below summarizes the change in the balance sheet position of the employee-related restructuring reserves (dollars in millions). The restructuring reserve balances are included within Accrued expenses in the Condensed Consolidated Balance Sheets. The changes in the employee-related reserves have been charged against Other income (expense), net in the Consolidated Statements of Income. Restructuring costs other than employee related costs are immaterial for all periods presented.

	Three Months Ended June 30,		Six Months Ended June 30,
	2024	2023	2024	2023
Reserve at beginning of the period	$193	$29	$213	$32
Provision - charge	13	107	14	110
Provision - reversal	(0)	(0)	(0)	(0)
Cash payments	(15)	(9)	(30)	(15)
Translation difference	(1)	(0)	(7)	0
Reserve at end of the period	$189	$127	$189	$127

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