XML 54 R28.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Summary of Significant Accounting Policies (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2013
Accounting Policies [Abstract] |
Summary of Inventories | A summary of inventories is shown below (in millions):
December 31, |  | 2013 |  |  | 2012 |
Raw materials |  | $ | 633.5 |  |  | $ | 582.2 |
Work-in-process |  |  | 45.8 |  |  |  | 37.4 |
Finished goods |  |  | 139.4 |  |  |  | 107.5 |
Inventories |  | $ | 818.7 |  |  | $ | 727.1 |
Classification of Recoverable Customer Engineering, Development and Tooling Costs Related to Long-term Supply Agreements | The classification of recoverable customer E&D and tooling costs related to long-term supply agreements is shown below (in millions):
December 31, |  | 2013 |  |  | 2012 |
Current |  | $ | 134.2 |  |  | $ | 141.8 |
Long-term |  |  | 52.9 |  |  |  | 55.0 |
Recoverable customer E&D and tooling |  | $ | 187.1 |  |  | $ | 196.8 |
Estimated Useful Lives of Depreciable Property | Depreciable property is depreciated over the estimated useful lives of the assets, using principally the straight-line method as follows:
Buildings and improvements |  |  | 10 to 40 years |
Machinery and equipment |  |  | 5 to 10 years |
Summary of Property, Plant and Equipment | A summary of property, plant and equipment is shown below (in millions):
December 31, |  | 2013 |  |  | 2012 |
Land |  | $ | 113.4 |  |  | $ | 114.0 |
Buildings and improvements |  |  | 532.0 |  |  |  | 475.1 |
Machinery and equipment |  |  | 1,645.0 |  |  |  | 1,306.6 |
Construction in progress |  |  | 155.2 |  |  |  | 139.6 |
Total property, plant and equipment |  |  | 2,445.6 |  |  |  | 2,035.3 |
Less – accumulated depreciation |  |  | (858.4 | ) |  |  | (632.2 | )
Net property, plant and equipment |  | $ | 1,587.2 |  |  | $ | 1,403.1 |
Summary of Changes in Carrying Amount of Goodwill | A summary of the changes in the carrying amount of goodwill, by reportable operating segment, for each of the periods in the two years ended December 31, 2013, is shown below (in millions):
|  | Seating |
Balance as of December 31, 2011 |  | $ | 628.6 |
Acquisition |  |  | 113.9 |
Foreign currency translation and other |  |  | 4.0 |
Balance as of December 31, 2012 |  | $ | 746.5 |
Foreign currency translation and other |  |  | 10.7 |
Balance as of December 31, 2013 |  | $ | 757.2 |
Summary of Intangible Assets | A summary of intangible assets as of December 31, 2013 and 2012, is shown below (in millions):
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Carrying Value |  |  | Weighted Average Useful Life (years) |
Technology |  | $ | 32.7 |  |  | $ | (13.0 | ) |  | $ | 19.7 |  |  |  | 8.9 |
Customer-based |  |  | 223.1 |  |  |  | (113.1 | ) |  |  | 110.0 |  |  |  | 8.0 |
Balance as of December 31, 2013 |  | $ | 255.8 |  |  | $ | (126.1 | ) |  | $ | 129.7 |  |  |  | 8.1 |
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Carrying Value |  |  | Weighted Average Useful Life (years) |
Technology |  | $ | 32.2 |  |  | $ | (9.0 | ) |  | $ | 23.2 |  |  |  | 8.8 |
Customer-based |  |  | 224.6 |  |  |  | (83.5 | ) |  |  | 141.1 |  |  |  | 7.8 |
Balance as of December 31, 2012 |  | $ | 256.8 |  |  | $ | (92.5 | ) |  | $ | 164.3 |  |  |  | 8.0 |
Estimated Annual Amortization Expense | Excluding the impact of any future acquisitions, the Company’s estimated annual amortization expense for the five succeeding years is shown below (in millions):
Year |  | Expense |
2014 |  |  | 34.1 |
2015 |  |  | 34.1 |
2016 |  |  | 29.8 |
2017 |  |  | 7.9 |
2018 |  |  | 6.0 |
Summary of Other (Income) Expense, Net | A summary of other expense, net is shown below (in millions):
For the year ended December 31, |  | 2013 |  |  | 2012 |  |  | 2011 |
Other expense |  | $ | 59.9 |  |  | $ | 33.9 |  |  | $ | 27.8 |
Other income |  |  | (1.8 | ) |  |  | (27.5 | ) |  |  | (3.6 | )
Other expense, net |  | $ | 58.1 |  |  | $ | 6.4 |  |  | $ | 24.2 |
Summary of Information Used to Compute Basic and Diluted Net Income (Loss) Per Share | A summary of information used to compute basic net income per share attributable to Lear is shown below (in millions, except share and per share data):
For the year ended December 31, |  | 2013 |  |  | 2012 |  |  | 2011 |
Net income attributable to Lear |  | $ | 431.4 |  |  | $ | 1,282.8 |  |  | $ | 540.7 |
Average common shares outstanding |  |  | 85,094,889 |  |  |  | 98,388,228 |  |  |  | 103,750,223 |
Basic net income per share attributable to Lear |  | $ | 5.07 |  |  | $ | 13.04 |  |  | $ | 5.21 |
A summary of information used to compute diluted net income per share attributable to Lear is shown below (in millions, except share and per share data):
For the year ended December 31, |  | 2013 |  |  | 2012 |  |  | 2011 |
Net income attributable to Lear |  | $ | 431.4 |  |  | $ | 1,282.8 |  |  | $ | 540.7 |
Average common shares outstanding |  |  | 85,094,889 |  |  |  | 98,388,228 |  |  |  | 103,750,223 |
Dilutive effect of common stock equivalents |  |  | 1,320,897 |  |  |  | 1,437,458 |  |  |  | 2,594,144 |
Average diluted shares outstanding |  |  | 86,415,786 |  |  |  | 99,825,686 |  |  |  | 106,344,367 |
Diluted net income per share attributable to Lear |  | $ | 4.99 |  |  | $ | 12.85 |  |  | $ | 5.08 |
Summary of Changes in Accumulated Other Comprehensive Income (Loss), Net of Tax | A summary of changes in accumulated other comprehensive income (loss), net of tax is shown below (in millions):
For the year ended December 31, |  | 2013 |  |  | 2012 |  |  | 2011 |
Defined benefit plans: |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of year |  | $ | (249.9 | ) |  | $ | (239.1 | ) |  | $ | (57.4 | )
Reclassification adjustments |  |  | 11.0 |  |  |  | 4.2 |  |  |  | 13.3 |
Other comprehensive income (loss) recognized during the period |  |  | 134.4 |  |  |  | (15.0 | ) |  |  | (195.0 | )
Balance at end of year |  | $ | (104.5 | ) |  | $ | (249.9 | ) |  | $ | (239.1 | )
Derivative instruments and hedging activities: |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of year |  | $ | 2.7 |  |  | $ | (37.6 | ) |  | $ | (1.3 | )
Reclassification adjustments |  |  | (21.0 | ) |  |  | 2.0 |  |  |  | 11.9 |
Other comprehensive income (loss) recognized during the period |  |  | 13.0 |  |  |  | 38.3 |  |  |  | (48.2 | )
Balance at end of year |  | $ | (5.3 | ) |  | $ | 2.7 |  |  | $ | (37.6 | )
Cumulative translation adjustments: |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of year |  | $ | (53.6 | ) |  | $ | (55.3 | ) |  | $ | (19.3 | )
Other comprehensive income (loss) recognized during the period |  |  | (2.7 | ) |  |  | 1.7 |  |  |  | (36.0 | )
Balance at end of year |  | $ | (56.3 | ) |  | $ | (53.6 | ) |  | $ | (55.3 | )

X
- Definition Tabular disclosure of amounts recorded as other income or other expense items (both operating and nonoperating). + References No definition available. + Details
Name: | lea_ScheduleOfOtherIncomeExpenseNetTableTextBlock
Namespace Prefix: | lea_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Balance sheet classification of recoverable customer engineering, development and tooling balances. + References No definition available. + Details
Name: | lea_ScheduleOfPreproductionCostsRelatedToLongTermSupplyArrangementsTableTextBlock
Namespace Prefix: | lea_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. + References No definition available. + Details
Name: | lea_ScheduleOfPropertyPlantAndEquipmentTableTextBlock
Namespace Prefix: | lea_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 13 -Subparagraph b -Article 5 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=28358780&loc=SL7669686-108580 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 2 -Paragraph 6 -Subparagraph a,b,c -Article 5 + Details
Name: | us-gaap_ScheduleOfInventoryCurrentTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration