XML 48 R2.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 26, 2015
 [1]
Dec. 31, 2014
CURRENT ASSETS:    
Cash and cash equivalents $ 922.8 $ 1,094.1
Accounts receivable 2,959.9 2,471.7
Inventories 1,043.3 853.7
Other 705.8 960.1
Total current assets 5,631.8 5,379.6
LONG-TERM ASSETS:    
Property, plant and equipment, net 1,781.9 1,624.7
Goodwill 1,061.1 726.2
Other 1,163.9 1,419.7
Total long-term assets 4,006.9 3,770.6
Total assets 9,638.7 9,150.2
CURRENT LIABILITIES:    
Accounts payable and drafts 2,576.4 2,525.3
Accrued liabilities 1,462.9 1,188.8
Current portion of long-term debt 16.9 243.7
Total current liabilities 4,056.2 3,957.8
LONG-TERM LIABILITIES:    
Long-term debt 1,962.6 1,475.0
Other 695.1 688.1
Total long-term liabilities 2,657.7 2,163.1
EQUITY:    
Preferred stock, 100,000,000 shares authorized (including 10,896,250 Series A convertible preferred stock authorized); no shares outstanding 0.0 0.0
Common stock, $0.01 par value, 300,000,000 shares authorized; 80,563,291 shares issued as of September 26, 2015 and December 31, 2014 0.8 0.8
Additional paid-in capital 1,433.0 1,475.2
Common stock held in treasury, 5,262,709 and 2,541,306 shares as of September 26, 2015 and December 31, 2014, respectively, at cost (519.1) (176.9)
Retained earnings 2,612.0 2,161.7
Accumulated other comprehensive loss (686.4) (502.0)
Lear Corporation stockholders’ equity 2,840.3 2,958.8
Noncontrolling interests 84.5 70.5
Equity 2,924.8 3,029.3
Total liabilities and equity $ 9,638.7 $ 9,150.2
[1] Unaudited.