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Comprehensive Income and Equity (Tables)
 9 Months Ended
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
)