Quarterly Financial Data

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data (unaudited)

(In millions, except per share data)



	Thirteen Weeks Ended
	March 29, 2014		June 28, 2014		September 27, 2014		December 31, 2014
Net sales	$	4,359.8	$	4,585.1	$	4,232.7	$	4,549.7
Gross profit	360.5		379.1		361.2		392.0
Consolidated net income	128.6		157.8		147.9		268.0
Net income attributable to Lear	122.0		148.5		140.1		261.8
Basic net income per share attributable to Lear	1.50		1.84		1.75		3.32
Diluted net income per share attributable to Lear	1.47		1.81		1.72		3.24

In the first quarter of 2014, the Company recognized losses of $17.5 million related to the redemption of the remaining outstanding aggregate principal amount of the 2018 Notes and 10% of the original aggregate principal amount of the 2020 Notes. In the first, second, third and fourth quarters of 2014, the Company recognized $15.4 million, $17.9 million, $6.9 million and $108.9 million of net tax benefits, respectively, primarily related to net reductions in valuation allowances with respect to the deferred tax assets of certain foreign subsidiaries, reductions in tax reserves due to audit settlements, debt redemption costs, restructuring charges and various other items.



	Thirteen Weeks Ended
	March 30, 2013		June 29, 2013		September 28, 2013		December 31, 2013
Net sales	$	3,947.1	$	4,113.1	$	3,917.7	$	4,256.1
Gross profit	312.4		337.7		330.2		319.4
Consolidated net income	116.9		142.3		116.7		79.9
Net income attributable to Lear	108.5		137.3		112.8		72.8
Basic net income per share attributable to Lear	1.14		1.62		1.40		0.90
Diluted net income per share attributable to Lear	1.13		1.60		1.38		0.88

In the second and fourth quarters of 2013, the Company recognized $21.5 million of net tax benefits and $16.0 million of net tax expense, respectively, primarily related to changes in valuation allowances with respect to its deferred tax assets in certain foreign subsidiaries and various other items.

For further information, see Note 7, "Income Taxes," and Note 11, "Commitments and Contingencies," to the consolidated financial statements included in this Report.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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