XML 22 R73.htm IDEA: XBRL DOCUMENT v3.3.0.814
Supplemental Guarantor Condensed Consolidating Financial Statements - Income Statement (Detail) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 26, 2015
Sep. 27, 2014
Sep. 26, 2015
Sep. 27, 2014
Condensed Financial Statements, Captions [Line Items]        
Net sales $ 4,330.3 $ 4,232.7 $ 13,486.8 $ 13,177.6
Cost of sales 3,877.1 3,871.5 12,157.7 12,076.8
Selling, general and administrative expenses 137.6 128.1 440.8 402.8
Intercompany operating (income) expense, net 0.0 0.0 0.0 0.0
Amortization of intangible assets 13.0 8.6 39.5 25.4
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
Provision for income taxes 76.1 57.6 210.9 163.1
Equity in net income of affiliates (9.9) (7.8) (31.7) (29.0)
Equity in net income of subsidiaries 0.0 0.0 0.0 0.0
Consolidated net income 193.3 147.9 542.9 434.3
Less: Net income attributable to noncontrolling interests 12.3 7.8 32.7 23.7
Net income attributable to Lear 181.0 140.1 510.2 410.6
Consolidated comprehensive income 104.7 50.9 356.0 332.2
Less: Comprehensive income attributable to noncontrolling interests 9.9 9.2 30.2 23.0
Comprehensive income attributable to Lear 94.8 41.7 325.8 309.2
Lear        
Condensed Financial Statements, Captions [Line Items]        
Net sales 106.3 120.5 319.2 351.3
Cost of sales 146.9 165.9 465.1 496.5
Selling, general and administrative expenses 74.5 47.6 197.5 163.0
Intercompany operating (income) expense, net (73.7) (83.2) (331.1) (331.4)
Amortization of intangible assets 0.5 0.5 1.3 1.3
Interest expense 16.4 10.6 54.5 34.8
Other expense, net 12.6 0.9 26.0 20.8
Consolidated income before provision for income taxes and equity in net income of affiliates (70.9) (21.8) (94.1) (33.7)
Provision for income taxes (26.3) (8.1) (32.1) (13.4)
Equity in net income of affiliates (0.4) 0.1 1.0 0.7
Equity in net income of subsidiaries (225.2) (153.9) (573.2) (431.6)
Consolidated net income 181.0 140.1 510.2 410.6
Less: Net income attributable to noncontrolling interests 0.0 0.0 0.0 0.0
Net income attributable to Lear 181.0 140.1 510.2 410.6
Consolidated comprehensive income 94.8 41.7 325.8 309.2
Less: Comprehensive income attributable to noncontrolling interests 0.0 0.0 0.0 0.0
Comprehensive income attributable to Lear 94.8 41.7 325.8 309.2
Guarantors        
Condensed Financial Statements, Captions [Line Items]        
Net sales 2,044.1 1,802.7 6,151.3 5,252.5
Cost of sales 1,824.3 1,642.6 5,549.0 4,789.5
Selling, general and administrative expenses 2.9 14.3 50.7 34.3
Intercompany operating (income) expense, net 50.0 73.3 204.1 212.6
Amortization of intangible assets 5.2 1.2 15.6 3.6
Interest expense 6.5 6.6 18.7 17.8
Other expense, net 2.8 0.4 1.5 0.8
Consolidated income before provision for income taxes and equity in net income of affiliates 152.4 64.3 311.7 193.9
Provision for income taxes 53.5 27.0 116.5 80.1
Equity in net income of affiliates (1.0) (0.5) (2.1) (1.0)
Equity in net income of subsidiaries (101.9) (84.8) (274.1) (217.8)
Consolidated net income 201.8 122.6 471.4 332.6
Less: Net income attributable to noncontrolling interests 0.0 0.0 0.0 0.0
Net income attributable to Lear 201.8 122.6 471.4 332.6
Consolidated comprehensive income 187.5 113.9 443.4 328.9
Less: Comprehensive income attributable to noncontrolling interests 0.0 0.0 0.0 0.0
Comprehensive income attributable to Lear 187.5 113.9 443.4 328.9
Non- guarantors        
Condensed Financial Statements, Captions [Line Items]        
Net sales 3,433.1 3,503.3 10,925.4 11,189.0
Cost of sales 3,159.1 3,256.8 10,052.7 10,406.0
Selling, general and administrative expenses 60.2 66.2 192.6 205.5
Intercompany operating (income) expense, net 23.7 9.9 127.0 118.8
Amortization of intangible assets 7.3 6.9 22.6 20.5
Interest expense (1.5) (1.5) (6.9) (5.5)
Other expense, net 6.3 9.8 32.9 35.5
Consolidated income before provision for income taxes and equity in net income of affiliates 178.0 155.2 504.5 408.2
Provision for income taxes 48.9 38.7 126.5 96.4
Equity in net income of affiliates (8.5) (7.4) (30.6) (28.7)
Equity in net income of subsidiaries 0.0 0.0 0.0 0.0
Consolidated net income 137.6 123.9 408.6 340.5
Less: Net income attributable to noncontrolling interests 12.3 7.8 32.7 23.7
Net income attributable to Lear 125.3 116.1 375.9 316.8
Consolidated comprehensive income 63.0 35.5 238.5 241.9
Less: Comprehensive income attributable to noncontrolling interests 9.9 9.2 30.2 23.0
Comprehensive income attributable to Lear 53.1 26.3 208.3 218.9
Eliminations        
Condensed Financial Statements, Captions [Line Items]        
Net sales (1,253.2) (1,193.8) (3,909.1) (3,615.2)
Cost of sales (1,253.2) (1,193.8) (3,909.1) (3,615.2)
Selling, general and administrative expenses 0.0 0.0 0.0 0.0
Intercompany operating (income) expense, net 0.0 0.0 0.0 0.0
Amortization of intangible assets 0.0 0.0 0.0 0.0
Interest expense 0.0 0.0 0.0 0.0
Other expense, net 0.0 0.0 0.0 0.0
Consolidated income before provision for income taxes and equity in net income of affiliates 0.0 0.0 0.0 0.0
Provision for income taxes 0.0 0.0 0.0 0.0
Equity in net income of affiliates 0.0 0.0 0.0 0.0
Equity in net income of subsidiaries 327.1 238.7 847.3 649.4
Consolidated net income (327.1) (238.7) (847.3) (649.4)
Less: Net income attributable to noncontrolling interests 0.0 0.0 0.0 0.0
Net income attributable to Lear (327.1) (238.7) (847.3) (649.4)
Consolidated comprehensive income (240.6) (140.2) (651.7) (547.8)
Less: Comprehensive income attributable to noncontrolling interests 0.0 0.0 0.0 0.0
Comprehensive income attributable to Lear $ (240.6) $ (140.2) $ (651.7) $ (547.8)