XML 59 R32.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2014
Income Tax Disclosure [Abstract] |
Summary of Consolidated Income Before Provision (Benefit) for Income Taxes and Equity in Net Income of Affiliates and Components of Provision (Benefit) for Income Taxes | A summary of consolidated income before provision (benefit) for income taxes and equity in net income of affiliates and the components of provision (benefit) for income taxes is shown below (in millions):
For the year ended December 31, | 2014 |  | 2013 |  | 2012
Consolidated income before provision (benefit) for income taxes and equity in net income of affiliates: |  |  |  |  |
Domestic | $ | 228.0 |  |  | $ | 218.5 |  |  | $ | 289.3 |
Foreign | 559.4 |  |  | 391.6 |  |  | 359.6 |
| $ | 787.4 |  |  | $ | 610.1 |  |  | $ | 648.9 |
Domestic provision (benefit) for income taxes: |  |  |  |  |
Current provision (benefit) | $ | 24.3 |  |  | $ | 16.8 |  |  | $ | (4.1 | )
Deferred provision (benefit) | 47.0 |  |  | 64.9 |  |  | (720.8 | )
Total domestic provision (benefit) | 71.3 |  |  | 81.7 |  |  | (724.9 | )
Foreign provision for income taxes: |  |  |  |  |
Current provision | 155.1 |  |  | 130.5 |  |  | 59.8 |
Deferred provision (benefit) | (105.0 | ) |  | (19.5 | ) |  | 27.1 |
Total foreign provision | 50.1 |  |  | 111.0 |  |  | 86.9 |
Provision (benefit) for income taxes | $ | 121.4 |  |  | $ | 192.7 |  |  | $ | (638.0 | )
Summary of Difference Between Provision (Benefit) for Income Taxes Calculated at United States Federal Statutory Income Tax Rate and Consolidated Provision (Benefit) for Income Taxes | A summary of the differences between the provision (benefit) for income taxes calculated at the United States federal statutory income tax rate of 35% and the consolidated provision (benefit) for income taxes is shown below (in millions):
For the year ended December 31, | 2014 |  | 2013 |  | 2012
Consolidated income before provision (benefit) for income taxes and equity in net income of affiliates multiplied by the United States federal statutory income tax rate | $ | 275.6 |  |  | $ | 213.5 |  |  | $ | 227.1 |
Differences in income taxes on foreign earnings, losses and remittances | (47.8 | ) |  | (38.7 | ) |  | 1.8 |
Valuation allowance adjustments | (74.2 | ) |  | 0.2 |  |  | (764.5 | )
Tax credits | (0.7 | ) |  | (16.4 | ) |  | (43.5 | )
Tax audits and assessments | (12.8 | ) |  | 2.7 |  |  | (48.7 | )
Other | (18.7 | ) |  | 31.4 |  |  | (10.2 | )
Provision (benefit) for income taxes | $ | 121.4 |  |  | $ | 192.7 |  |  | $ | (638.0 | )
Summary of Components of Net Deferred Income Tax Asset | Deferred income taxes represent temporary differences in the recognition of certain items for financial reporting and income tax purposes. A summary of the components of the net deferred income tax asset is shown below (in millions):
December 31, | 2014 |  | 2013
Deferred income tax assets: |  |  |
Tax loss carryforwards | $ | 588.9 |  |  | $ | 690.5 |
Tax credit carryforwards | 419.0 |  |  | 437.2 |
Retirement benefit plans | 119.8 |  |  | 74.3 |
Accrued liabilities | 136.7 |  |  | 133.9 |
Self-insurance reserves | 8.6 |  |  | 9.5 |
Current asset basis differences | 38.7 |  |  | 38.8 |
Long-term asset basis differences | (48.7 | ) |  | (64.5 | )
Deferred compensation | 48.3 |  |  | 40.9 |
Recoverable customer engineering, development and tooling | (12.1 | ) |  | (22.2 | )
Undistributed earnings of foreign subsidiaries | (54.2 | ) |  | (54.3 | )
Derivative instruments and hedging | 12.5 |  |  | (1.6 | )
Other | 1.4 |  |  | (0.8 | )
| 1,258.9 |  |  | 1,281.7 |
Valuation allowance | (508.5 | ) |  | (642.6 | )
Net deferred income tax asset | $ | 750.4 |  |  | $ | 639.1 |
Classification of Net Deferred Income Tax Asset | The classification of the net deferred income tax asset is shown below (in millions):
December 31, | 2014 |  | 2013
Deferred income tax assets: |  |  |
Current | $ | 210.8 |  |  | $ | 187.4 |
Long-term | 606.4 |  |  | 535.9 |
Deferred income tax liabilities: |  |  |
Current | (9.6 | ) |  | (23.1 | )
Long-term | (57.2 | ) |  | (61.1 | )
Net deferred income tax asset | $ | 750.4 |  |  | $ | 639.1 |
Summary of Changes in Gross Unrecognized Tax Benefits | A summary of the changes in gross unrecognized tax benefits is shown below (in millions):
For the year ended December 31, | 2014 |  | 2013 |  | 2012
Balance at beginning of period | $ | 45.2 |  |  | $ | 34.4 |  |  | $ | 49.4 |
Additions based on tax positions related to current year | 5.6 |  |  | 5.0 |  |  | 5.2 |
Additions (reductions) based on tax positions related to prior years | (1.8 | ) |  | 14.3 |  |  | (18.5 | )
Settlements | (6.5 | ) |  | (6.7 | ) |  | — |
Statute expirations | — |  |  | (0.8 | ) |  | (1.8 | )
Foreign currency translation | (2.8 | ) |  | (1.0 | ) |  | 0.1 |
Balance at end of period | $ | 39.7 |  |  | $ | 45.2 |  |  | $ | 34.4 |

X
- Definition Tabular disclosure of the current or long-term nature of net deferred tax assets or liabilities recognized in the statement financial position. + References No definition available. + Details
Name: | lea_ClassificationOfNetDeferredTaxesTableTextBlock
Namespace Prefix: | lea_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 + Details
Name: | us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration