XML 17 R39.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Supplemental Guarantor Consolidating Financial Statements (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2014
Text Block [Abstract] |
Schedule of Condensed Balance Sheet |
| December 31, 2014
(in millions) | Lear |  | Guarantors |  | Non- guarantors |  | Eliminations |  | Consolidated
Assets |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 377.8 |  |  | $ | — |  |  | $ | 716.3 |  |  | $ | — |  |  | $ | 1,094.1 |
Accounts receivable | 53.9 |  |  | 459.0 |  |  | 1,958.8 |  |  | — |  |  | 2,471.7 |
Inventories | 1.8 |  |  | 348.1 |  |  | 503.8 |  |  | — |  |  | 853.7 |
Intercompany accounts | 49.6 |  |  | 40.7 |  |  | — |  |  | (90.3 | ) |  | — |
Other | 416.9 |  |  | 76.2 |  |  | 467.0 |  |  | — |  |  | 960.1 |
Total current assets | 900.0 |  |  | 924.0 |  |  | 3,645.9 |  |  | (90.3 | ) |  | 5,379.6 |
Long-Term Assets: |  |  |  |  |  |  |  |  |
Property, plant and equipment, net | 106.4 |  |  | 334.5 |  |  | 1,183.8 |  |  | — |  |  | 1,624.7 |
Goodwill | 23.5 |  |  | 401.0 |  |  | 301.7 |  |  | — |  |  | 726.2 |
Investments in subsidiaries | 2,010.6 |  |  | 1,815.7 |  |  | — |  |  | (3,826.3 | ) |  | — |
Intercompany loans receivable | 1,268.1 |  |  | 168.6 |  |  | 212.6 |  |  | (1,649.3 | ) |  | — |
Other | 928.8 |  |  | 65.9 |  |  | 475.2 |  |  | (50.2 | ) |  | 1,419.7 |
Total long-term assets | 4,337.4 |  |  | 2,785.7 |  |  | 2,173.3 |  |  | (5,525.8 | ) |  | 3,770.6 |
Total assets | $ | 5,237.4 |  |  | $ | 3,709.7 |  |  | $ | 5,819.2 |  |  | $ | (5,616.1 | ) |  | $ | 9,150.2 |
Liabilities and Equity |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Accounts payable and drafts | $ | 91.1 |  |  | $ | 687.7 |  |  | $ | 1,746.5 |  |  | $ | — |  |  | $ | 2,525.3 |
Accrued liabilities | 138.1 |  |  | 203.9 |  |  | 846.8 |  |  | — |  |  | 1,188.8 |
Intercompany accounts | — |  |  | — |  |  | 90.3 |  |  | (90.3 | ) |  | — |
Current portion of long-term debt | 243.7 |  |  | — |  |  | — |  |  | — |  |  | 243.7 |
Total current liabilities | 472.9 |  |  | 891.6 |  |  | 2,683.6 |  |  | (90.3 | ) |  | 3,957.8 |
Long-Term Liabilities: |  |  |  |  |  |  |  |  |
Long-term debt | 1,475.0 |  |  | — |  |  | — |  |  | — |  |  | 1,475.0 |
Intercompany loans payable | 138.9 |  |  | 698.8 |  |  | 811.6 |  |  | (1,649.3 | ) |  | — |
Other | 191.8 |  |  | 198.0 |  |  | 348.5 |  |  | (50.2 | ) |  | 688.1 |
Total long-term liabilities | 1,805.7 |  |  | 896.8 |  |  | 1,160.1 |  |  | (1,699.5 | ) |  | 2,163.1 |
Equity: |  |  |  |  |  |  |  |  |
Lear Corporation stockholders’ equity | 2,958.8 |  |  | 1,921.3 |  |  | 1,905.0 |  |  | (3,826.3 | ) |  | 2,958.8 |
Noncontrolling interests | — |  |  | — |  |  | 70.5 |  |  | — |  |  | 70.5 |
Equity | 2,958.8 |  |  | 1,921.3 |  |  | 1,975.5 |  |  | (3,826.3 | ) |  | 3,029.3 |
Total liabilities and equity | $ | 5,237.4 |  |  | $ | 3,709.7 |  |  | $ | 5,819.2 |  |  | $ | (5,616.1 | ) |  | $ | 9,150.2 |
| December 31, 2013
(in millions) | Lear |  | Guarantors |  | Non- guarantors |  | Eliminations |  | Consolidated
Assets |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 343.5 |  |  | $ | 0.1 |  |  | $ | 794.1 |  |  | $ | — |  |  | $ | 1,137.7 |
Accounts receivable | 41.2 |  |  | 349.7 |  |  | 1,887.4 |  |  | — |  |  | 2,278.3 |
Inventories | 4.8 |  |  | 297.9 |  |  | 516.0 |  |  | — |  |  | 818.7 |
Intercompany accounts | 66.0 |  |  | — |  |  | — |  |  | (66.0 | ) |  | — |
Other | 147.7 |  |  | 77.3 |  |  | 462.8 |  |  | — |  |  | 687.8 |
Total current assets | 603.2 |  |  | 725.0 |  |  | 3,660.3 |  |  | (66.0 | ) |  | 4,922.5 |
Long-Term Assets: |  |  |  |  |  |  |  |  |
Property, plant and equipment, net | 95.5 |  |  | 316.0 |  |  | 1,175.7 |  |  | — |  |  | 1,587.2 |
Goodwill | 23.5 |  |  | 401.0 |  |  | 332.7 |  |  | — |  |  | 757.2 |
Investments in subsidiaries | 1,791.4 |  |  | 1,898.6 |  |  | — |  |  | (3,690.0 | ) |  | — |
Intercompany loans receivable | 1,441.1 |  |  | 129.7 |  |  | 166.3 |  |  | (1,737.1 | ) |  | — |
Other | 591.5 |  |  | 71.5 |  |  | 454.1 |  |  | (53.1 | ) |  | 1,064.0 |
Total long-term assets | 3,943.0 |  |  | 2,816.8 |  |  | 2,128.8 |  |  | (5,480.2 | ) |  | 3,408.4 |
Total assets | $ | 4,546.2 |  |  | $ | 3,541.8 |  |  | $ | 5,789.1 |  |  | $ | (5,546.2 | ) |  | $ | 8,330.9 |
Liabilities and Equity |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Accounts payable and drafts | $ | 73.8 |  |  | $ | 582.4 |  |  | $ | 1,782.5 |  |  | $ | — |  |  | $ | 2,438.7 |
Accrued liabilities | 127.9 |  |  | 156.1 |  |  | 856.4 |  |  | — |  |  | 1,140.4 |
Intercompany accounts | — |  |  | 1.6 |  |  | 64.4 |  |  | (66.0 | ) |  | — |
Total current liabilities | 201.7 |  |  | 740.1 |  |  | 2,703.3 |  |  | (66.0 | ) |  | 3,579.1 |
Long-Term Liabilities: |  |  |  |  |  |  |  |  |
Long-term debt | 1,057.1 |  |  | — |  |  | — |  |  | — |  |  | 1,057.1 |
Intercompany loans payable | 123.0 |  |  | 654.3 |  |  | 959.8 |  |  | (1,737.1 | ) |  | — |
Other | 118.5 |  |  | 143.0 |  |  | 336.8 |  |  | (53.1 | ) |  | 545.2 |
Total long-term liabilities | 1,298.6 |  |  | 797.3 |  |  | 1,296.6 |  |  | (1,790.2 | ) |  | 1,602.3 |
Equity: |  |  |  |  |  |  |  |  |
Lear Corporation stockholders’ equity | 3,045.9 |  |  | 2,004.4 |  |  | 1,685.6 |  |  | (3,690.0 | ) |  | 3,045.9 |
Noncontrolling interests | — |  |  | — |  |  | 103.6 |  |  | — |  |  | 103.6 |
Equity | 3,045.9 |  |  | 2,004.4 |  |  | 1,789.2 |  |  | (3,690.0 | ) |  | 3,149.5 |
Total liabilities and equity | $ | 4,546.2 |  |  | $ | 3,541.8 |  |  | $ | 5,789.1 |  |  | $ | (5,546.2 | ) |  | $ | 8,330.9 |
Schedule of Condensed Income Statement |
| Year Ended December 31, 2012
(in millions) | Lear |  | Guarantors |  | Non- guarantors |  | Eliminations |  | Consolidated
Net sales | $ | 483.7 |  |  | $ | 5,850.1 |  |  | $ | 12,484.6 |  |  | $ | (4,251.4 | ) |  | $ | 14,567.0 |
Cost of sales | 576.7 |  |  | 5,274.2 |  |  | 11,750.0 |  |  | (4,251.4 | ) |  | 13,349.5 |
Selling, general and administrative expenses | 230.8 |  |  | 21.0 |  |  | 227.5 |  |  | — |  |  | 479.3 |
Intercompany operating (income) expense, net | (286.0 | ) |  | 156.4 |  |  | 129.6 |  |  | — |  |  | — |
Amortization of intangible assets | 1.7 |  |  | 2.8 |  |  | 28.5 |  |  | — |  |  | 33.0 |
Interest expense | 2.3 |  |  | 21.8 |  |  | 25.8 |  |  | — |  |  | 49.9 |
Other expense, net | 2.9 |  |  | 2.4 |  |  | 1.1 |  |  | — |  |  | 6.4 |
Consolidated income (loss) before provision (benefit) for income taxes and equity in net income of affiliates and subsidiaries | (44.7 | ) |  | 371.5 |  |  | 322.1 |  |  | — |  |  | 648.9 |
Provision (benefit) for income taxes | (724.5 | ) |  | (0.5 | ) |  | 87.0 |  |  | — |  |  | (638.0 | )
Equity in net income of affiliates | (6.1 | ) |  | (3.6 | ) |  | (20.6 | ) |  | — |  |  | (30.3 | )
Equity in net income of subsidiaries | (596.9 | ) |  | (197.1 | ) |  | — |  |  | 794.0 |  |  | — |
Consolidated net income | 1,282.8 |  |  | 572.7 |  |  | 255.7 |  |  | (794.0 | ) |  | 1,317.2 |
Less: Net income attributable to noncontrolling interests | — |  |  | — |  |  | 34.4 |  |  | — |  |  | 34.4 |
Net income attributable to Lear | $ | 1,282.8 |  |  | $ | 572.7 |  |  | $ | 221.3 |  |  | $ | (794.0 | ) |  | $ | 1,282.8 |
Consolidated comprehensive income | $ | 1,314.0 |  |  | $ | 622.3 |  |  | $ | 259.1 |  |  | $ | (845.8 | ) |  | $ | 1,349.6 |
Less: Comprehensive income attributable to noncontrolling interests | — |  |  | — |  |  | 35.6 |  |  | — |  |  | 35.6 |
Comprehensive income attributable to Lear | $ | 1,314.0 |  |  | $ | 622.3 |  |  | $ | 223.5 |  |  | $ | (845.8 | ) |  | $ | 1,314.0 |
| Year Ended December 31, 2014
(in millions) | Lear |  | Guarantors |  | Non- Guarantors |  | Eliminations |  | Consolidated
Net sales | $ | 467.1 |  |  | $ | 7,086.4 |  |  | $ | 14,996.5 |  |  | $ | (4,822.7 | ) |  | $ | 17,727.3 |
Cost of sales | 662.7 |  |  | 6,468.6 |  |  | 13,925.9 |  |  | (4,822.7 | ) |  | 16,234.5 |
Selling, general and administrative expenses | 227.3 |  |  | 36.4 |  |  | 266.2 |  |  | — |  |  | 529.9 |
Intercompany operating (income) expense, net | (448.2 | ) |  | 287.2 |  |  | 161.0 |  |  | — |  |  | — |
Amortization of intangible assets | 1.7 |  |  | 4.7 |  |  | 27.3 |  |  | — |  |  | 33.7 |
Interest expense | 49.0 |  |  | 24.9 |  |  | (6.4 | ) |  | — |  |  | 67.5 |
Other expense, net | 26.5 |  |  | 1.0 |  |  | 46.8 |  |  | — |  |  | 74.3 |
Consolidated income (loss) before provision (benefit) for income taxes and equity in net income of affiliates and subsidiaries | (51.9 | ) |  | 263.6 |  |  | 575.7 |  |  | — |  |  | 787.4 |
Provision (benefit) for income taxes | (21.6 | ) |  | 93.3 |  |  | 49.7 |  |  | — |  |  | 121.4 |
Equity in net income of affiliates | 0.4 |  |  | (1.5 | ) |  | (35.2 | ) |  | — |  |  | (36.3 | )
Equity in net income of subsidiaries | (703.1 | ) |  | (390.3 | ) |  | — |  |  | 1,093.4 |  |  | — |
Consolidated net income | 672.4 |  |  | 562.1 |  |  | 561.2 |  |  | (1,093.4 | ) |  | 702.3 |
Less: Net income attributable to noncontrolling interests | — |  |  | — |  |  | 29.9 |  |  | — |  |  | 29.9 |
Net income attributable to Lear | $ | 672.4 |  |  | $ | 562.1 |  |  | $ | 531.3 |  |  | $ | (1,093.4 | ) |  | $ | 672.4 |
Consolidated comprehensive income | $ | 336.5 |  |  | $ | 502.1 |  |  | $ | 320.4 |  |  | $ | (794.5 | ) |  | $ | 364.5 |
Less: Comprehensive income attributable to noncontrolling interests | — |  |  | — |  |  | 28.0 |  |  | — |  |  | 28.0 |
Comprehensive income attributable to Lear | $ | 336.5 |  |  | $ | 502.1 |  |  | $ | 292.4 |  |  | $ | (794.5 | ) |  | $ | 336.5 |
| Year Ended December 31, 2013
(in millions) | Lear |  | Guarantors |  | Non- Guarantors |  | Eliminations |  | Consolidated
Net sales | $ | 449.0 |  |  | $ | 6,261.1 |  |  | $ | 14,042.2 |  |  | $ | (4,518.3 | ) |  | $ | 16,234.0 |
Cost of sales | 643.6 |  |  | 5,629.5 |  |  | 13,179.5 |  |  | (4,518.3 | ) |  | 14,934.3 |
Selling, general and administrative expenses | 211.4 |  |  | 20.6 |  |  | 296.7 |  |  | — |  |  | 528.7 |
Intercompany operating (income) expense, net | (395.4 | ) |  | 292.4 |  |  | 103.0 |  |  | — |  |  | — |
Amortization of intangible assets | 1.7 |  |  | 4.7 |  |  | 28.0 |  |  | — |  |  | 34.4 |
Interest expense | 52.0 |  |  | 19.3 |  |  | (2.9 | ) |  | — |  |  | 68.4 |
Other expense, net | 6.5 |  |  | 7.6 |  |  | 44.0 |  |  | — |  |  | 58.1 |
Consolidated income (loss) before provision (benefit) for income taxes and equity in net income of affiliates and subsidiaries | (70.8 | ) |  | 287.0 |  |  | 393.9 |  |  | — |  |  | 610.1 |
Provision (benefit) for income taxes | (33.9 | ) |  | 113.6 |  |  | 113.0 |  |  | — |  |  | 192.7 |
Equity in net income of affiliates | 0.7 |  |  | (2.0 | ) |  | (37.1 | ) |  | — |  |  | (38.4 | )
Equity in net income of subsidiaries | (469.0 | ) |  | (138.2 | ) |  | — |  |  | 607.2 |  |  | — |
Consolidated net income | 431.4 |  |  | 313.6 |  |  | 318.0 |  |  | (607.2 | ) |  | 455.8 |
Less: Net income attributable to noncontrolling interests | — |  |  | — |  |  | 24.4 |  |  | — |  |  | 24.4 |
Net income attributable to Lear | $ | 431.4 |  |  | $ | 313.6 |  |  | $ | 293.6 |  |  | $ | (607.2 | ) |  | $ | 431.4 |
Consolidated comprehensive income | $ | 566.1 |  |  | $ | 340.8 |  |  | $ | 379.0 |  |  | $ | (693.9 | ) |  | $ | 592.0 |
Less: Comprehensive income attributable to noncontrolling interests | — |  |  | — |  |  | 25.9 |  |  | — |  |  | 25.9 |
Comprehensive income attributable to Lear | $ | 566.1 |  |  | $ | 340.8 |  |  | $ | 353.1 |  |  | $ | (693.9 | ) |  | $ | 566.1 |
Schedule of Condensed Cash Flow Statement |
| Year Ended December 31, 2014
(in millions) | Lear |  | Guarantors |  | Non- guarantors |  | Eliminations |  | Consolidated
Net Cash Provided by Operating Activities | $ | 165.4 |  |  | $ | 177.5 |  |  | $ | 597.5 |  |  | $ | (12.6 | ) |  | $ | 927.8 |
Cash Flows from Investing Activities: |  |  |  |  |  |  |  |  |
Additions to property, plant and equipment | (25.6 | ) |  | (88.2 | ) |  | (310.9 | ) |  | — |  |  | (424.7 | )
Cash restricted for use — acquisition of Eagle Ottawa | (350.0 | ) |  | — |  |  | — |  |  | — |  |  | (350.0 | )
Intercompany transactions | 352.5 |  |  | (38.9 | ) |  | (46.3 | ) |  | (267.3 | ) |  | — |
Other, net | (6.8 | ) |  | 15.1 |  |  | (14.2 | ) |  | — |  |  | (5.9 | )
Net cash used in investing activities | (29.9 | ) |  | (112.0 | ) |  | (371.4 | ) |  | (267.3 | ) |  | (780.6 | )
Cash Flows from Financing Activities: |  |  |  |  |  |  |  |  |
Proceeds from the issuance of senior notes | 975.0 |  |  | — |  |  | — |  |  | — |  |  | 975.0 |
Repurchase of senior notes | (327.1 | ) |  | — |  |  | — |  |  | — |  |  | (327.1 | )
Payment of debt issuance and other financing costs | (18.1 | ) |  | — |  |  | — |  |  | — |  |  | (18.1 | )
Cash restricted for use - repurchase of senior notes | (250.0 | ) |  | — |  |  | — |  |  | — |  |  | (250.0 | )
Repurchase of common stock | (411.4 | ) |  | — |  |  | — |  |  | — |  |  | (411.4 | )
Dividends paid to Lear Corporation stockholders | (65.3 | ) |  | — |  |  | — |  |  | — |  |  | (65.3 | )
Dividends paid to noncontrolling interests | — |  |  | — |  |  | (25.9 | ) |  | — |  |  | (25.9 | )
Intercompany transactions | 15.9 |  |  | (65.6 | ) |  | (230.2 | ) |  | 279.9 |  |  | — |
Other, net | (20.2 | ) |  | — |  |  | (17.8 | ) |  | — |  |  | (38.0 | )
Net cash used in financing activities | (101.2 | ) |  | (65.6 | ) |  | (273.9 | ) |  | 279.9 |  |  | (160.8 | )
Effect of foreign currency translation | — |  |  | — |  |  | (30.0 | ) |  | — |  |  | (30.0 | )
Net Change in Cash and Cash Equivalents | 34.3 |  |  | (0.1 | ) |  | (77.8 | ) |  | — |  |  | (43.6 | )
Cash and Cash Equivalents as of Beginning of Period | 343.5 |  |  | 0.1 |  |  | 794.1 |  |  | — |  |  | 1,137.7 |
Cash and Cash Equivalents as of End of Period | $ | 377.8 |  |  | $ | — |  |  | $ | 716.3 |  |  | $ | — |  |  | $ | 1,094.1 |
| Year Ended December 31, 2013
(in millions) | Lear |  | Guarantors |  | Non- guarantors |  | Eliminations |  | Consolidated
Net Cash Provided by Operating Activities | $ | 174.3 |  |  | $ | 226.0 |  |  | $ | 480.1 |  |  | $ | (60.3 | ) |  | $ | 820.1 |
Cash Flows from Investing Activities: |  |  |  |  |  |  |  |  |
Additions to property, plant and equipment | (17.9 | ) |  | (110.6 | ) |  | (332.1 | ) |  | — |  |  | (460.6 | )
Insurance proceeds | — |  |  | — |  |  | 7.1 |  |  | — |  |  | 7.1 |
Intercompany transactions | 304.1 |  |  | (2.4 | ) |  | 1,090.9 |  |  | (1,392.6 | ) |  | — |
Other, net | 43.0 |  |  | 3.8 |  |  | 2.8 |  |  | — |  |  | 49.6 |
Net cash used in investing activities | 329.2 |  |  | (109.2 | ) |  | 768.7 |  |  | (1,392.6 | ) |  | (403.9 | )
Cash Flows from Financing Activities: |  |  |  |  |  |  |  |  |
Proceeds from the issuance of senior notes | 500.0 |  |  | — |  |  | — |  |  | — |  |  | 500.0 |
Repurchase of senior notes | (72.1 | ) |  | — |  |  | — |  |  | — |  |  | (72.1 | )
Payment of debt issuance and other financing costs | (13.4 | ) |  | — |  |  | — |  |  | — |  |  | (13.4 | )
Repurchase of common stock | (1,000.1 | ) |  | — |  |  | — |  |  | — |  |  | (1,000.1 | )
Dividends paid to Lear Corporation stockholders | (58.4 | ) |  | — |  |  | — |  |  | — |  |  | (58.4 | )
Dividends paid to noncontrolling interests | — |  |  | — |  |  | (44.0 | ) |  | — |  |  | (44.0 | )
Intercompany transactions | 6.5 |  |  | (116.8 | ) |  | (1,342.6 | ) |  | 1,452.9 |  |  | — |
Other, net | (3.9 | ) |  | — |  |  | (6.6 | ) |  | — |  |  | (10.5 | )
Net cash used in financing activities | (641.4 | ) |  | (116.8 | ) |  | (1,393.2 | ) |  | 1,452.9 |  |  | (698.5 | )
Effect of foreign currency translation | — |  |  | — |  |  | 17.8 |  |  | — |  |  | 17.8 |
Net Change in Cash and Cash Equivalents | (137.9 | ) |  | — |  |  | (126.6 | ) |  | — |  |  | (264.5 | )
Cash and Cash Equivalents as of Beginning of Period | 481.4 |  |  | 0.1 |  |  | 920.7 |  |  | — |  |  | 1,402.2 |
Cash and Cash Equivalents as of End of Period | $ | 343.5 |  |  | $ | 0.1 |  |  | $ | 794.1 |  |  | $ | — |  |  | $ | 1,137.7 |
| Year Ended December 31, 2012
(in millions) | Lear |  | Guarantors |  | Non- guarantors |  | Eliminations |  | Consolidated
Net Cash Provided by Operating Activities | $ | 54.8 |  |  | $ | 521.2 |  |  | $ | 174.9 |  |  | $ | (21.1 | ) |  | $ | 729.8 |
Cash Flows from Investing Activities: |  |  |  |  |  |  |  |  |
Additions to property, plant and equipment | (11.3 | ) |  | (97.4 | ) |  | (349.6 | ) |  | — |  |  | (458.3 | )
Insurance proceeds | — |  |  | — |  |  | 19.2 |  |  | — |  |  | 19.2 |
Cash paid for acquisition of Guilford, net of cash acquired | (243.9 | ) |  | — |  |  | — |  |  | — |  |  | (243.9 | )
Intercompany transactions | 181.8 |  |  | 10.8 |  |  | (1,162.0 | ) |  | 969.4 |  |  | — |
Other, net | 0.4 |  |  | 6.3 |  |  | (11.6 | ) |  | — |  |  | (4.9 | )
Net cash used in investing activities | (73.0 | ) |  | (80.3 | ) |  | (1,504.0 | ) |  | 969.4 |  |  | (687.9 | )
Cash Flows from Financing Activities: |  |  |  |  |  |  |  |  |
Repurchase of senior notes | (72.1 | ) |  | — |  |  | — |  |  | — |  |  | (72.1 | )
Repurchase of common stock | (222.8 | ) |  | — |  |  | — |  |  | — |  |  | (222.8 | )
Dividends paid to Lear Corporation stockholders | (54.6 | ) |  | — |  |  | — |  |  | — |  |  | (54.6 | )
Dividends paid to noncontrolling interests | — |  |  | — |  |  | (23.1 | ) |  | — |  |  | (23.1 | )
Intercompany transactions | 34.9 |  |  | (440.9 | ) |  | 1,354.3 |  |  | (948.3 | ) |  | — |
Other, net | (6.1 | ) |  | — |  |  | (17.4 | ) |  | — |  |  | (23.5 | )
Net cash used in financing activities | (320.7 | ) |  | (440.9 | ) |  | 1,313.8 |  |  | (948.3 | ) |  | (396.1 | )
Effect of foreign currency translation | — |  |  | — |  |  | 2.1 |  |  | — |  |  | 2.1 |
Net Change in Cash and Cash Equivalents | (338.9 | ) |  | — |  |  | (13.2 | ) |  | — |  |  | (352.1 | )
Cash and Cash Equivalents as of Beginning of Period | 820.3 |  |  | 0.1 |  |  | 933.9 |  |  | — |  |  | 1,754.3 |
Cash and Cash Equivalents as of End of Period | $ | 481.4 |  |  | $ | 0.1 |  |  | $ | 920.7 |  |  | $ | — |  |  | $ | 1,402.2 |
Long-Term Debt of Lear and Guarantors | Long-Term Debt of Lear and the Guarantors — A summary of long-term debt of Lear and the Guarantors on a combined basis is shown below (in millions):
December 31, | 2014 |  | 2013
Senior notes | $ | 1,718.7 |  |  | $ | 1,057.1 |
Less — Current portion | (243.7 | ) |  | — |
Long-term debt | $ | 1,475.0 |  |  | $ | 1,057.1 |

X
- Definition Tabular disclosure of long-term debt for Lear and its guarantor entities. + References No definition available. + Details
Name: | lea_GuarantorReportingLongTermDebtTableTextBlock
Namespace Prefix: | lea_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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