XML 90 R74.htm IDEA: XBRL DOCUMENT v3.3.0.814
Supplemental Guarantor Condensed Consolidating Financial Statements - Cash Flows (Detail) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended 57 Months Ended
Sep. 26, 2015
Sep. 27, 2014
Sep. 26, 2015
Sep. 27, 2014
Sep. 26, 2015
Condensed Financial Statements, Captions [Line Items]          
Net Cash Provided by (Used in) Operating Activities     $ 686.0 $ 411.7  
Cash Flows from Investing Activities:          
Additions to property, plant and equipment $ (114.8) $ (91.7) (327.7) (280.8)  
Acquisition of Eagle Ottawa, net of cash acquired and use of $350 million restricted cash (see non-cash investing activities below) (Note 2)     (465.3) 0.0  
Intercompany transactions     0.0 0.0  
Other, net     (10.6) (9.0)  
Net cash used in investing activities     (803.6) (289.8)  
Cash Flows from Financing Activities:          
Proceeds from the issuance of senior notes     0.0 325.0  
Credit agreement borrowings     500.0 0.0  
Credit agreement repayments     (3.1) 0.0  
Repurchase of senior notes, net of use of $250 million restricted cash in 2015 (see non-cash financing activities below) (Note 8)     (5.0) (327.1)  
Payment of debt issuance and other financing costs     0.0 (3.8)  
Repurchase of common stock     (383.0) (259.4) $ (2,300.0)
Dividends paid to Lear Corporation stockholders     (60.0) (49.6)  
Dividends paid to noncontrolling interests     (16.2) (17.5)  
Intercompany transactions     0.0 0.0  
Other, net     (53.6) (39.2)  
Net cash used in financing activities     (20.9) (371.6)  
Effect of foreign currency translation     (32.8) (15.3)  
Net Change in Cash and Cash Equivalents     (171.3) (265.0)  
Cash and Cash Equivalents as of Beginning of Period     1,094.1 1,137.7  
Cash and Cash Equivalents as of End of Period 922.8 [1] 872.7 922.8 [1] 872.7 922.8 [1]
Non-cash Investing Activities:          
Cash restricted for use - acquisition of Eagle Ottawa     (350.0) 0.0  
Non-cash Financing Activities:          
Cash restricted for use - repurchase of senior notes     (250.0) 0.0  
Lear          
Condensed Financial Statements, Captions [Line Items]          
Net Cash Provided by (Used in) Operating Activities     109.3 53.3  
Cash Flows from Investing Activities:          
Additions to property, plant and equipment     (26.4) (10.0)  
Acquisition of Eagle Ottawa, net of cash acquired and use of $350 million restricted cash (see non-cash investing activities below) (Note 2)     (485.5)    
Intercompany transactions     385.4 255.5  
Other, net     (31.1) (5.9)  
Net cash used in investing activities     (157.6) 239.6  
Cash Flows from Financing Activities:          
Proceeds from the issuance of senior notes       325.0  
Credit agreement borrowings     500.0    
Credit agreement repayments     (3.1)    
Repurchase of senior notes, net of use of $250 million restricted cash in 2015 (see non-cash financing activities below) (Note 8)     (5.0) (327.1)  
Payment of debt issuance and other financing costs       (3.8)  
Repurchase of common stock     (383.0) (259.4)  
Dividends paid to Lear Corporation stockholders     (60.0) (49.6)  
Dividends paid to noncontrolling interests     0.0 0.0  
Intercompany transactions     30.4 (8.1)  
Other, net     (53.5) (21.7)  
Net cash used in financing activities     25.8 (344.7)  
Effect of foreign currency translation     0.0 0.0  
Net Change in Cash and Cash Equivalents     (22.5) (51.8)  
Cash and Cash Equivalents as of Beginning of Period     377.8 343.5  
Cash and Cash Equivalents as of End of Period 355.3 291.7 355.3 291.7 355.3
Non-cash Investing Activities:          
Cash restricted for use - acquisition of Eagle Ottawa     (350.0)    
Non-cash Financing Activities:          
Cash restricted for use - repurchase of senior notes     (250.0)    
Guarantors          
Condensed Financial Statements, Captions [Line Items]          
Net Cash Provided by (Used in) Operating Activities     86.4 14.2  
Cash Flows from Investing Activities:          
Additions to property, plant and equipment     (79.8) (57.2)  
Acquisition of Eagle Ottawa, net of cash acquired and use of $350 million restricted cash (see non-cash investing activities below) (Note 2)     1.2    
Intercompany transactions     (21.9) (35.3)  
Other, net     7.8 15.3  
Net cash used in investing activities     (92.7) (77.2)  
Cash Flows from Financing Activities:          
Proceeds from the issuance of senior notes       0.0  
Credit agreement borrowings     0.0    
Credit agreement repayments     0.0    
Repurchase of senior notes, net of use of $250 million restricted cash in 2015 (see non-cash financing activities below) (Note 8)     0.0 0.0  
Payment of debt issuance and other financing costs       0.0  
Repurchase of common stock     0.0 0.0  
Dividends paid to Lear Corporation stockholders     0.0 0.0  
Dividends paid to noncontrolling interests     0.0 0.0  
Intercompany transactions     6.4 63.0  
Other, net     0.0 0.0  
Net cash used in financing activities     6.4 63.0  
Effect of foreign currency translation     0.0 0.0  
Net Change in Cash and Cash Equivalents     0.1 0.0  
Cash and Cash Equivalents as of Beginning of Period     0.0 0.1  
Cash and Cash Equivalents as of End of Period 0.1 0.1 0.1 0.1 0.1
Non-cash Investing Activities:          
Cash restricted for use - acquisition of Eagle Ottawa     0.0    
Non-cash Financing Activities:          
Cash restricted for use - repurchase of senior notes     0.0    
Non- guarantors          
Condensed Financial Statements, Captions [Line Items]          
Net Cash Provided by (Used in) Operating Activities     623.8 350.1  
Cash Flows from Investing Activities:          
Additions to property, plant and equipment     (221.5) (213.6)  
Acquisition of Eagle Ottawa, net of cash acquired and use of $350 million restricted cash (see non-cash investing activities below) (Note 2)     19.0    
Intercompany transactions     24.2 1.9  
Other, net     12.7 (18.4)  
Net cash used in investing activities     (165.6) (230.1)  
Cash Flows from Financing Activities:          
Proceeds from the issuance of senior notes       0.0  
Credit agreement borrowings     0.0    
Credit agreement repayments     0.0    
Repurchase of senior notes, net of use of $250 million restricted cash in 2015 (see non-cash financing activities below) (Note 8)     0.0 0.0  
Payment of debt issuance and other financing costs       0.0  
Repurchase of common stock     0.0 0.0  
Dividends paid to Lear Corporation stockholders     0.0 0.0  
Dividends paid to noncontrolling interests     (16.2) (17.5)  
Intercompany transactions     (558.0) (282.9)  
Other, net     (0.1) (17.5)  
Net cash used in financing activities     (574.3) (317.9)  
Effect of foreign currency translation     (32.8) (15.3)  
Net Change in Cash and Cash Equivalents     (148.9) (213.2)  
Cash and Cash Equivalents as of Beginning of Period     716.3 794.1  
Cash and Cash Equivalents as of End of Period 567.4 580.9 567.4 580.9 567.4
Non-cash Investing Activities:          
Cash restricted for use - acquisition of Eagle Ottawa     0.0    
Non-cash Financing Activities:          
Cash restricted for use - repurchase of senior notes     0.0    
Eliminations          
Condensed Financial Statements, Captions [Line Items]          
Net Cash Provided by (Used in) Operating Activities     (133.5) (5.9)  
Cash Flows from Investing Activities:          
Additions to property, plant and equipment     0.0 0.0  
Acquisition of Eagle Ottawa, net of cash acquired and use of $350 million restricted cash (see non-cash investing activities below) (Note 2)     0.0    
Intercompany transactions     (387.7) (222.1)  
Other, net     0.0 0.0  
Net cash used in investing activities     (387.7) (222.1)  
Cash Flows from Financing Activities:          
Proceeds from the issuance of senior notes       0.0  
Credit agreement borrowings     0.0    
Credit agreement repayments     0.0    
Repurchase of senior notes, net of use of $250 million restricted cash in 2015 (see non-cash financing activities below) (Note 8)     0.0 0.0  
Payment of debt issuance and other financing costs       0.0  
Repurchase of common stock     0.0 0.0  
Dividends paid to Lear Corporation stockholders     0.0 0.0  
Dividends paid to noncontrolling interests     0.0 0.0  
Intercompany transactions     $ 521.2 228.0  
Other, net     0.0  
Net cash used in financing activities     $ 521.2 228.0  
Effect of foreign currency translation     0.0 0.0  
Net Change in Cash and Cash Equivalents     0.0 0.0  
Cash and Cash Equivalents as of Beginning of Period     0.0 0.0  
Cash and Cash Equivalents as of End of Period $ 0.0 $ 0.0 0.0 $ 0.0 $ 0.0
Non-cash Investing Activities:          
Cash restricted for use - acquisition of Eagle Ottawa     0.0    
Non-cash Financing Activities:          
Cash restricted for use - repurchase of senior notes     $ 0.0    
[1] Unaudited.