XML 19 R33.htm IDEA: XBRL DOCUMENT v2.4.0.8

Comprehensive Income and Equity (Tables)

6 Months Ended

Jun. 28, 2014

Equity [Abstract]

Summary of Comprehensive Income and Reconciliations of Equity

A summary of comprehensive income and reconciliations of equity, Lear Corporation stockholders’ equity and noncontrolling interests for the three and six months ended June 28, 2014, are shown below (in millions):

		Three Months Ended June 28, 2014												Six Months Ended June 28, 2014
		Equity				Lear Corporation Stockholders				Non- controlling Interests				Equity				Lear Corporation Stockholders				Non- controlling Interests
Beginning equity balance		$	3,242.5			$	3,142.3			$	100.2			$	3,149.5			$	3,045.9			$	103.6
Stock-based compensation transactions			16.3				16.3				—				16.6				16.6				—
Repurchase of common stock			(156.0	)			(156.0	)			—				(156.0	)			(156.0	)			—
Dividends declared to Lear Corporation stockholders			(16.7	)			(16.7	)			—				(33.9	)			(33.9	)			—
Dividends paid to noncontrolling interests			(1.0	)			—				(1.0	)			(6.8	)			—				(6.8	)
Acquisitions of noncontrolling interests			(15.9	)			5.4				(21.3	)			(18.0	)			5.7				(23.7	)
Sale of controlling interest			(11.5	)			—				(11.5	)			(11.5	)			—				(11.5	)
Comprehensive income:
Net income			157.8				148.5				9.3				286.4				270.5				15.9
Other comprehensive income (loss), net of tax:
Defined benefit plan adjustments			0.1				0.1				—				0.1				0.1				—
Derivative instruments and hedging activities			2.8				2.8				—				4.7				4.7				—
Foreign currency translation adjustments			2.8				3.1				(0.3	)			(9.9	)			(7.8	)			(2.1	)
Other comprehensive income (loss)			5.7				6.0				(0.3	)			(5.1	)			(3.0	)			(2.1	)
Comprehensive income			163.5				154.5				9.0				281.3				267.5				13.8
Ending equity balance		$	3,221.2			$	3,145.8			$	75.4			$	3,221.2			$	3,145.8			$	75.4

A summary of comprehensive income and reconciliations of equity, Lear Corporation stockholders’ equity and noncontrolling interests for the three and six months ended June 29, 2013, are shown below (in millions):

		Three Months Ended June 29, 2013												Six Months Ended June 29, 2013
		Equity				Lear Corporation Stockholders				Non- controlling Interests				Equity				Lear Corporation Stockholders				Non- controlling Interests
Beginning equity balance		$	3,485.8			$	3,360.6			$	125.2			$	3,612.2			$	3,487.1			$	125.1
Stock-based compensation transactions			14.4				14.4				—				21.8				21.8				—
Repurchase of common stock			(800.0	)			(800.0	)			—				(1,000.1	)			(1,000.1	)			—
Dividends declared to Lear Corporation stockholders			(14.1	)			(14.1	)			—				(30.6	)			(30.6	)			—
Dividends paid to noncontrolling interests			(9.5	)			—				(9.5	)			(14.8	)			—				(14.8	)
Acquisition of noncontrolling interests			—				—				—				(6.6	)			(3.2	)			(3.4	)
Comprehensive income:
Net income			142.3				137.3				5.0				259.2				245.8				13.4
Other comprehensive income (loss), net of tax:
Defined benefit plan adjustments			1.8				1.8				—				3.7				3.7				—
Derivative instruments and hedging activities			(16.1	)			(16.1	)			—				(8.8	)			(8.8	)			—
Foreign currency translation adjustments			(14.3	)			(14.6	)			0.3				(45.7	)			(46.4	)			0.7
Other comprehensive income (loss)			(28.6	)			(28.9	)			0.3				(50.8	)			(51.5	)			0.7
Comprehensive income			113.7				108.4				5.3				208.4				194.3				14.1
Ending equity balance		$	2,790.3			$	2,669.3			$	121.0			$	2,790.3			$	2,669.3			$	121.0

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 for the three and six months ended June 28, 2014, is shown below (in millions):

		Three Months Ended June 28, 2014				Six Months Ended June 28, 2014
Defined benefit plan adjustments:
Balance at beginning of period		$	(104.5	)		$	(104.5	)
Reclassification adjustments			0.1				0.1
Balance at end of period		$	(104.4	)		$	(104.4	)
Derivative instruments and hedging activities:
Balance at beginning of period		$	(3.4	)		$	(5.3	)
Reclassification adjustments			(2.5	)			(3.3	)
Other comprehensive income recognized during the period			5.3				8.0
Balance at end of period		$	(0.6	)		$	(0.6	)
Foreign currency translation adjustments:
Balance at beginning of period		$	(67.2	)		$	(56.3	)
Other comprehensive income (loss) recognized during the period			3.1				(7.8	)
Balance at end of period		$	(64.1	)		$	(64.1	)

A summary of changes in accumulated other comprehensive income (loss), net of tax for the three and six months ended June 29, 2013, is shown below (in millions):

		Three Months Ended June 29, 2013				Six Months Ended June 29, 2013
Defined benefit plan adjustments:
Balance at beginning of period		$	(248.0	)		$	(249.9	)
Reclassification adjustments			1.8				3.7
Balance at end of period		$	(246.2	)		$	(246.2	)
Derivative instruments and hedging activities:
Balance at beginning of period		$	10.0			$	2.7
Reclassification adjustments			(7.7	)			(13.5	)
Other comprehensive income recognized during the period			(8.4	)			4.7
Balance at end of period		$	(6.1	)		$	(6.1	)
Foreign currency translation adjustments:
Balance at beginning of period		$	(85.4	)		$	(53.6	)
Other comprehensive loss recognized during the period			(14.6	)			(46.4	)
Balance at end of period		$	(100.0	)		$	(100.0	)

X

- Details

Name:	us-gaap_EquityAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
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 changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644

+ Details

Name:	us-gaap_ScheduleOfStockholdersEquityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration