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Comprehensive Income and Equity (Tables) | 9 Months Ended
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Sep. 26, 2015
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 26, 2015, are shown below (in millions):
| Three Months Ended September 26, 2015 |  | Nine Months Ended September 26, 2015
| Equity |  | Lear Corporation Stockholders' Equity |  | Non- controlling Interests |  | Equity |  | Lear Corporation Stockholders' Equity |  | Non- controlling Interests
Beginning equity balance | $ | 2,978.3 |  |  | $ | 2,899.4 |  |  | $ | 78.9 |  |  | $ | 3,029.3 |  |  | $ | 2,958.8 |  |  | $ | 70.5 |
Stock-based compensation transactions | 13.8 |  |  | 13.8 |  |  | — |  |  | (1.4 | ) |  | (1.4 | ) |  | — |
Repurchase of common stock | (148.2 | ) |  | (148.2 | ) |  | — |  |  | (383.0 | ) |  | (383.0 | ) |  | — |
Dividends declared to Lear Corporation stockholders | (19.5 | ) |  | (19.5 | ) |  | — |  |  | (59.9 | ) |  | (59.9 | ) |  | — |
Dividends paid to noncontrolling interests | (4.3 | ) |  | — |  |  | (4.3 | ) |  | (16.2 | ) |  | — |  |  | (16.2 | )
Comprehensive income: |  |  |  |  |  |  |  |  |  |  |  |  |
Net income | 193.3 |  |  | 181.0 |  |  | 12.3 |  |  | 542.9 |  |  | 510.2 |  |  | 32.7 |
Other comprehensive loss, net of tax: |  |  |  |  |  |  |  |  |  |  |  |  |
Defined benefit plan adjustments | 4.7 |  |  | 4.7 |  |  | — |  |  | 14.7 |  |  | 14.7 |  |  | — |
Derivative instruments and hedging activities | (16.1 | ) |  | (16.1 | ) |  | — |  |  | (14.3 | ) |  | (14.3 | ) |  | — |
Foreign currency translation adjustments | (77.2 | ) |  | (74.8 | ) |  | (2.4 | ) |  | (187.3 | ) |  | (184.8 | ) |  | (2.5 | )
Other comprehensive loss | (88.6 | ) |  | (86.2 | ) |  | (2.4 | ) |  | (186.9 | ) |  | (184.4 | ) |  | (2.5 | )
Comprehensive income | 104.7 |  |  | 94.8 |  |  | 9.9 |  |  | 356.0 |  |  | 325.8 |  |  | 30.2 |
Ending equity balance | $ | 2,924.8 |  |  | $ | 2,840.3 |  |  | $ | 84.5 |  |  | $ | 2,924.8 |  |  | $ | 2,840.3 |  |  | $ | 84.5 |
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 | )
Acquisition 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 |
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 26, 2015, is shown below (in millions):
| Three Months Ended September 26, 2015 |  | Nine Months Ended September 26, 2015
Defined benefit plan adjustments: |  |  |
Balance at beginning of period | $ | (209.2 | ) |  | $ | (219.2 | )
Reclassification adjustments (net of tax expense of $0.3 million and $1.2 million for the three and nine months ended September 26, 2015, respectively) | 1.2 |  |  | 3.5 |
Other comprehensive income recognized during the period (net of tax expense of $— million and $1.1million for the three and nine months ended September 26, 2015, respectively) | 3.5 |  |  | 11.2 |
Balance at end of period | $ | (204.5 | ) |  | $ | (204.5 | )
Derivative instruments and hedging activities: |  |  |
Balance at beginning of period | $ | (31.4 | ) |  | $ | (33.2 | )
Reclassification adjustments (net of tax expense of $4.4 million and $7.6 million for the three and nine months ended September 26, 2015, respectively) | 8.1 |  |  | 16.8 |
Other comprehensive loss recognized during the period (net of tax benefit of $10.1 million and $12.6 million for the three and nine months ended September 26, 2015, respectively) | (24.2 | ) |  | (31.1 | )
Balance at end of period | $ | (47.5 | ) |  | $ | (47.5 | )
Foreign currency translation adjustments: |  |  |
Balance at beginning of period | $ | (359.6 | ) |  | $ | (249.6 | )
Other comprehensive loss recognized during the period (net of tax benefit of $— million and $4.0 million for the three and nine months ended September 26, 2015, respectively) | (74.8 | ) |  | (184.8 | )
Balance at end of period | $ | (434.4 | ) |  | $ | (434.4 | )
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 (net of tax impact of $— million for the three and nine months ended September 27, 2014) | — |  |  | 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 (net of tax benefit of $0.9 million and $2.1 million for the three and nine months ended September 27, 2014, respectively) | (2.3 | ) |  | (5.6 | )
Other comprehensive income (loss) recognized during the period (net of tax expense (benefit) of ($2.0) million and $0.9 million for the three and nine months ended September 27, 2014, respectively) | (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 (net of tax benefit of $3.1 and $3.4 million for the three and nine months ended September 27, 2014, respectively) | (90.4 | ) |  | (98.2 | )
Balance at end of period | $ | (154.5 | ) |  | $ | (154.5 | )

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