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Segment Reporting
 9 Months Ended
Sep. 26, 2015
Segment Reporting [Abstract]  
Segment Reporting
Segment Reporting
The Company has two reportable operating segments: seating, which includes seats and related components, such as seat structures and mechanisms, seat covers and surface materials such as fabric and leather, seat foam and headrests, and electrical, which includes electrical distribution systems for both traditional powertrain vehicles, as well as high-power for hybrid and electric vehicles. Key components of the Company’s electrical business include wiring harnesses, terminals and connectors, junction boxes, battery chargers, electronic control modules and wireless control devices. The other category includes unallocated costs related to corporate headquarters, regional headquarters and the elimination of intercompany activities, none of which meets the requirements for being classified as an operating segment.
The Company evaluates the performance of its operating segments based primarily on (i) revenues from external customers, (ii) pretax income before equity in net income of affiliates, interest expense and other expense, ("segment earnings") and (iii) cash flows, being defined as segment earnings less capital expenditures plus depreciation and amortization. A summary of revenues from external customers and other financial information by reportable operating segment is shown below (in millions):
 
Three Months Ended September 26, 2015
 
Seating
 
Electrical
 
Other
 
Consolidated
Revenues from external customers
$
3,357.1

 
$
973.2

 
$
—

 
$
4,330.3

Segment earnings (1)
234.2

 
132.6

 
(64.2
)
 
302.6

Depreciation and amortization
60.2

 
25.4

 
2.4

 
88.0

Capital expenditures
75.6

 
26.7

 
12.5

 
114.8

Total assets
6,132.9

 
1,674.6

 
1,831.2

 
9,638.7

 
Three Months Ended September 27, 2014
 
Seating
 
Electrical
 
Other
 
Consolidated
Revenues from external customers
$
3,188.4

 
$
1,044.3

 
$
—

 
$
4,232.7

Segment earnings (1)
154.9

 
136.7

 
(67.1
)
 
224.5

Depreciation and amortization
50.8

 
27.1

 
2.0

 
79.9

Capital expenditures
63.3

 
24.8

 
3.6

 
91.7

Total assets
5,223.9

 
1,702.9

 
1,764.4

 
8,691.2

 
Nine Months Ended September 26, 2015
 
Seating
 
Electrical
 
Other
 
Consolidated
Revenues from external customers
$
10,419.8

 
$
3,067.0

 
$
—

 
$
13,486.8

Segment earnings (1)
644.8

 
411.5

 
(207.5
)
 
848.8

Depreciation and amortization
177.1

 
73.6

 
6.7

 
257.4

Capital expenditures
232.5

 
75.5

 
19.7

 
327.7

Total assets
6,132.9

 
1,674.6

 
1,831.2

 
9,638.7

 
Nine Months Ended September 27, 2014
 
Seating
 
Electrical
 
Other
 
Consolidated
Revenues from external customers
$
9,857.9

 
$
3,319.7

 
$
—

 
$
13,177.6

Segment earnings (1)
471.3

 
413.3

 
(212.0
)
 
672.6

Depreciation and amortization
148.7

 
78.0

 
5.9

 
232.6

Capital expenditures
192.8

 
82.2

 
5.8

 
280.8

Total assets
5,223.9

 
1,702.9

 
1,764.4

 
8,691.2

(1) 
See definition above.
For the three months ended September 26, 2015, segment earnings include restructuring charges of $4.3 million, $3.7 million and $6.9 million in the seating and electrical segments and in the other category, respectively. For the nine months ended September 26, 2015, segment earnings include restructuring charges of $47.3 million, $9.7 million and $14.7 million in the seating and electrical segments and in the other category, respectively. For the three months ended September 27, 2014, segment earnings include restructuring charges of $17.0 million, $2.5 million and $1.5 million in the seating and electrical segments and in the other category, respectively. For the nine months ended September 27, 2014, segment earnings include restructuring charges of $68.8 million, $7.3 million and $10.5 million in the seating and electrical segments and in the other category, respectively. See Note 3, "Restructuring."
A reconciliation of segment earnings to consolidated income before provision for income taxes and equity in net income of affiliates is shown below (in millions):
 
Three Months Ended
 
Nine Months Ended
 
September 26,
2015
 
September 27,
2014
 
September 26,
2015
 
September 27,
2014
Segment earnings
$
302.6

 
$
224.5

 
$
848.8

 
$
672.6

Interest expense
21.4

 
15.7

 
66.3

 
47.1

Other expense, net
21.7

 
11.1

 
60.4

 
57.1

Consolidated income before provision for income taxes and equity in net income of affiliates
$
259.5

 
$
197.7

 
$
722.1

 
$
568.4