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Comprehensive Income and Equity (Tables)
 9 Months Ended
Sep. 27, 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 nine months ended September 27, 2014, are shown below (in millions):
 
Three Months Ended September 27, 2014
 
Nine Months Ended September 27, 2014
 
Equity
 
Lear
Corporation
Stockholders'
Equity

 
Non-
controlling
Interests
 
Equity
 
Lear
Corporation
Stockholders'
Equity
 
Non-
controlling
Interests
Beginning equity balance
$
3,221.2

 
$
3,145.8

 
$
75.4

 
$
3,149.5

 
$
3,045.9

 
$
103.6

Stock-based compensation transactions
14.6

 
14.6

 
—

 
31.2

 
31.2

 
—

Repurchase of common stock
(103.4
)
 
(103.4
)
 
—

 
(259.4
)
 
(259.4
)
 
—

Dividends declared to Lear Corporation stockholders
(16.8
)
 
(16.8
)
 
—

 
(50.7
)
 
(50.7
)
 
—

Dividends paid to noncontrolling interests
(10.7
)
 
—

 
(10.7
)
 
(17.5
)
 
—

 
(17.5
)
Acquisitions of noncontrolling interests
—

 
—

 
—

 
(18.0
)
 
5.7

 
(23.7
)
Sale of controlling interest
—

 
 
 


 
(11.5
)
 
—

 
(11.5
)
Comprehensive income:
—

 
 
 
 
 
—

 
 
 
 
Net income
147.9

 
140.1

 
7.8

 
434.3

 
410.6

 
23.7

Other comprehensive income (loss), net of tax:


 
 
 
 
 


 
 
 
 
Defined benefit plan adjustments
—

 
—

 
—

 
0.1

 
0.1

 
—

Derivative instruments and hedging activities
(8.0
)
 
(8.0
)
 
—

 
(3.3
)
 
(3.3
)
 
—

Foreign currency translation adjustments
(89.0
)
 
(90.4
)
 
1.4

 
(98.9
)
 
(98.2
)
 
(0.7
)
Other comprehensive income (loss)
(97.0
)
 
(98.4
)
 
1.4

 
(102.1
)
 
(101.4
)
 
(0.7
)
Comprehensive income
50.9

 
41.7

 
9.2

 
332.2

 
309.2

 
23.0

Ending equity balance
$
3,155.8

 
$
3,081.9

 
$
73.9

 
$
3,155.8

 
$
3,081.9

 
$
73.9

A summary of comprehensive income and reconciliations of equity, Lear Corporation stockholders’ equity and noncontrolling interests for the three and nine months ended September 28, 2013, are shown below (in millions):
 
Three Months Ended September 28, 2013
 
Nine Months Ended September 28, 2013
 
Equity
 
Lear
Corporation
Stockholders'
Equity
 
Non-
controlling
Interests
 
Equity
 
Lear
Corporation
Stockholders'
Equity
 
Non-
controlling
Interests
Beginning equity balance
$
2,790.3

 
$
2,669.3

 
$
121.0

 
$
3,612.2

 
$
3,487.1

 
$
125.1

Stock-based compensation transactions
14.2

 
14.2

 
—

 
36.0

 
36.0

 
—

Repurchase of common stock
—

 
—

 
—

 
(1,000.1
)
 
(1,000.1
)
 
—

Dividends declared to Lear Corporation stockholders
(14.2
)
 
(14.2
)
 
—

 
(44.8
)
 
(44.8
)
 
—

Dividends paid to noncontrolling interests
(18.6
)
 
—

 
(18.6
)
 
(33.4
)
 
—

 
(33.4
)
Acquisition of noncontrolling interests
—

 
—

 
—

 
(6.6
)
 
(3.2
)
 
(3.4
)
Comprehensive income:

 
 
 
 
 

 
 
 
 
Net income
116.7

 
112.8

 
3.9

 
375.9

 
358.6

 
17.3

Other comprehensive income (loss), net of tax:

 
 
 
 
 

 
 
 
 
Defined benefit plan adjustments
1.8

 
1.8

 
—

 
5.5

 
5.5

 
—

Derivative instruments and hedging activities
(5.3
)
 
(5.3
)
 
—

 
(14.1
)
 
(14.1
)
 
—

Foreign currency translation adjustments
35.1

 
34.9

 
0.2

 
(10.6
)
 
(11.5
)
 
0.9

Other comprehensive income (loss)
31.6

 
31.4

 
0.2

 
(19.2
)
 
(20.1
)
 
0.9

Comprehensive income
148.3

 
144.2

 
4.1

 
356.7

 
338.5

 
18.2

Ending equity balance
$
2,920.0

 
$
2,813.5

 
$
106.5

 
$
2,920.0

 
$
2,813.5

 
$
106.5
Summary of Changes in Accumulated Other Comprehensive Income (Loss), Net of Tax
A summary of changes, net of tax, in accumulated other comprehensive loss for the three and nine months ended September 27, 2014, is shown below (in millions):
 
Three Months Ended 
 September 27, 2014
 
Nine Months Ended 
 September 27, 2014
Defined benefit plan adjustments:
 
 
 
Balance at beginning of period
$
(104.4
)
 
$
(104.5
)
Reclassification adjustments
—

 
0.1

Balance at end of period
$
(104.4
)
 
$
(104.4
)
Derivative instruments and hedging activities:
 
 
 
Balance at beginning of period
$
(0.6
)
 
$
(5.3
)
Reclassification adjustments
(2.3
)
 
(5.6
)
Other comprehensive income (loss) recognized during the period
(5.7
)
 
2.3

Balance at end of period
$
(8.6
)
 
$
(8.6
)
Foreign currency translation adjustments:
 
 
 
Balance at beginning of period
$
(64.1
)
 
$
(56.3
)
Other comprehensive loss recognized during the period
(90.4
)
 
(98.2
)
Balance at end of period
$
(154.5
)
 
$
(154.5
)
A summary of changes, net of tax, in accumulated other comprehensive loss for the three and nine months ended September 28, 2013, is shown below (in millions):
 
Three Months Ended 
 September 28, 2013
 
Nine Months Ended 
 September 28, 2013
Defined benefit plan adjustments:
 
 
 
Balance at beginning of period
$
(246.2
)
 
$
(249.9
)
Reclassification adjustments
1.8

 
5.5

Balance at end of period
$
(244.4
)
 
$
(244.4
)
Derivative instruments and hedging activities:
 
 
 
Balance at beginning of period
$
(6.1
)
 
$
2.7

Reclassification adjustments
(5.7
)
 
(19.2
)
Other comprehensive income recognized during the period
0.4

 
5.1

Balance at end of period
$
(11.4
)
 
$
(11.4
)
Foreign currency translation adjustments:
 
 
 
Balance at beginning of period
$
(100.0
)
 
$
(53.6
)
Other comprehensive income (loss) recognized during the period
34.9

 
(11.5
)
Balance at end of period
$
(65.1
)
 
$
(65.1
)