MAGNA INTERNATIONAL INC
For the period ended Oct 30, 2026. Filed Oct 30, 2026.
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Oct 30, 2026 · Filed Oct 30, 2026
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EX-99.2 · [a] Restructuring activities
[a] Restructuring activities
| Three months ended · Nine months ended | ||||
|---|---|---|---|---|
| September 30, | September 30, | |||
| 2026 | 2025 | 2026 | 2025 | |
| Power & Vision | $76 | $34 | $86 | $58 |
| Body Exteriors & Structures | 7 | — | 7 | — |
| Complete Vehicles | — | 12 | 21 | 45 |
| Seating Systems | — | — | 10 | — |
| Other expense, net | 83 | 46 | 124 | 103 |
| Tax effect | — | — | (2) | (4) |
| Net loss attributable to Magna | $83 | $46 | $122 | $99 |
During the third quarter of 2026, the Company recorded restructuring charges of $76 million [$76 million after tax] in its Power & Vision segment related to plant closures and significant rightsizing at facilities in Europe. In its Body Exteriors & Structures segment, the Company recorded restructuring charges of $7 million [$7 million after tax] related to rightsizing at a facility in Europe.
During the third quarter of 2025, the Company recorded $24 million [$24 million after tax] of charges related to significant rightsizing activities and plant consolidations at facilities primarily in Europe, as well as $10 million [$10 million after tax] of equity losses related to the Company’s share of restructuring activities at an equity method investee in its Power & Vision segment. In its Complete Vehicles segment, the Company recorded $12 million [$12 million after tax] of charges related to rightsizing activities at two facilities in Europe.
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