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v3.3.1.900

Supplemental Guarantor Consolidating Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Schedule of Consolidating Balance Sheet |
| December 31, 2015
(in millions) | Lear |  | Guarantors |  | Non- guarantors |  | Eliminations |  | Consolidated
Assets |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 526.4 |  |  | $ | 0.3 |  |  | $ | 669.9 |  |  | $ | — |  |  | $ | 1,196.6 |
Accounts receivable | 46.4 |  |  | 534.5 |  |  | 2,009.1 |  |  | — |  |  | 2,590.0 |
Inventories | 4.0 |  |  | 407.0 |  |  | 536.6 |  |  | — |  |  | 947.6 |
Intercompany accounts | 45.9 |  |  | 79.5 |  |  | — |  |  | (125.4 | ) |  | — |
Other | 114.0 |  |  | 25.8 |  |  | 412.6 |  |  | — |  |  | 552.4 |
Total current assets | 736.7 |  |  | 1,047.1 |  |  | 3,628.2 |  |  | (125.4 | ) |  | 5,286.6 |
Long-Term Assets: |  |  |  |  |  |  |  |  |
Property, plant and equipment, net | 134.2 |  |  | 417.6 |  |  | 1,274.7 |  |  | — |  |  | 1,826.5 |
Goodwill | 39.9 |  |  | 651.3 |  |  | 362.6 |  |  | — |  |  | 1,053.8 |
Investments in subsidiaries | 3,101.3 |  |  | 2,139.4 |  |  | — |  |  | (5,240.7 | ) |  | — |
Intercompany loans receivable | 904.1 |  |  | 184.5 |  |  | 245.1 |  |  | (1,333.7 | ) |  | — |
Other | 566.3 |  |  | 203.9 |  |  | 493.8 |  |  | (25.1 | ) |  | 1,238.9 |
Total long-term assets | 4,745.8 |  |  | 3,596.7 |  |  | 2,376.2 |  |  | (6,599.5 | ) |  | 4,119.2 |
Total assets | $ | 5,482.5 |  |  | $ | 4,643.8 |  |  | $ | 6,004.4 |  |  | $ | (6,724.9 | ) |  | $ | 9,405.8 |
Liabilities and Equity |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Accounts payable and drafts | $ | 78.0 |  |  | $ | 681.2 |  |  | $ | 1,745.2 |  |  | $ | — |  |  | $ | 2,504.4 |
Accrued liabilities | 144.0 |  |  | 277.0 |  |  | 891.1 |  |  | — |  |  | 1,312.1 |
Intercompany accounts | — |  |  | — |  |  | 125.4 |  |  | (125.4 | ) |  | — |
Current portion of long-term debt | 21.9 |  |  | — |  |  | 1.2 |  |  | — |  |  | 23.1 |
Total current liabilities | 243.9 |  |  | 958.2 |  |  | 2,762.9 |  |  | (125.4 | ) |  | 3,839.6 |
Long-Term Liabilities: |  |  |  |  |  |  |  |  |
Long-term debt | 1,925.3 |  |  | — |  |  | 6.4 |  |  | — |  |  | 1,931.7 |
Intercompany loans payable | 221.6 |  |  | 650.1 |  |  | 462.0 |  |  | (1,333.7 | ) |  | — |
Other | 164.3 |  |  | 164.9 |  |  | 312.7 |  |  | (25.1 | ) |  | 616.8 |
Total long-term liabilities | 2,311.2 |  |  | 815.0 |  |  | 781.1 |  |  | (1,358.8 | ) |  | 2,548.5 |
Equity: |  |  |  |  |  |  |  |  |
Lear Corporation stockholders’ equity | 2,927.4 |  |  | 2,870.6 |  |  | 2,370.1 |  |  | (5,240.7 | ) |  | 2,927.4 |
Noncontrolling interests | — |  |  | — |  |  | 90.3 |  |  | — |  |  | 90.3 |
Equity | 2,927.4 |  |  | 2,870.6 |  |  | 2,460.4 |  |  | (5,240.7 | ) |  | 3,017.7 |
Total liabilities and equity | $ | 5,482.5 |  |  | $ | 4,643.8 |  |  | $ | 6,004.4 |  |  | $ | (6,724.9 | ) |  | $ | 9,405.8 |
| December 31, 2014
(in millions) | Lear |  | Guarantors |  | Non- guarantors |  | Eliminations |  | Consolidated
Assets |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 377.8 |  |  | $ | — |  |  | $ | 716.3 |  |  | $ | — |  |  | $ | 1,094.1 |
Accounts receivable | 53.9 |  |  | 459.0 |  |  | 1,958.8 |  |  | — |  |  | 2,471.7 |
Inventories | 1.8 |  |  | 348.1 |  |  | 503.8 |  |  | — |  |  | 853.7 |
Intercompany accounts, net | 49.6 |  |  | 40.7 |  |  | — |  |  | (90.3 | ) |  | — |
Other | 325.2 |  |  | 24.2 |  |  | 396.7 |  |  | — |  |  | 746.1 |
Total current assets | 808.3 |  |  | 872.0 |  |  | 3,575.6 |  |  | (90.3 | ) |  | 5,165.6 |
Long-Term Assets: |  |  |  |  |  |  |  |  |
Property, plant and equipment, net | 106.4 |  |  | 334.5 |  |  | 1,183.8 |  |  | — |  |  | 1,624.7 |
Goodwill | 23.5 |  |  | 401.0 |  |  | 301.7 |  |  | — |  |  | 726.2 |
Investments in subsidiaries | 2,010.6 |  |  | 1,815.7 |  |  | — |  |  | (3,826.3 | ) |  | — |
Intercompany loans receivable | 1,268.1 |  |  | 168.6 |  |  | 212.6 |  |  | (1,649.3 | ) |  | — |
Other | 996.3 |  |  | 93.7 |  |  | 532.6 |  |  | (26.0 | ) |  | 1,596.6 |
Total long-term assets | 4,404.9 |  |  | 2,813.5 |  |  | 2,230.7 |  |  | (5,501.6 | ) |  | 3,947.5 |
Total assets | $ | 5,213.2 |  |  | $ | 3,685.5 |  |  | $ | 5,806.3 |  |  | $ | (5,591.9 | ) |  | $ | 9,113.1 |
Liabilities and Equity |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Accounts payable and drafts | $ | 91.1 |  |  | $ | 687.7 |  |  | $ | 1,746.5 |  |  | $ | — |  |  | $ | 2,525.3 |
Accrued liabilities | 138.1 |  |  | 203.9 |  |  | 837.3 |  |  | — |  |  | 1,179.3 |
Intercompany accounts, net | — |  |  | — |  |  | 90.3 |  |  | (90.3 | ) |  | — |
Current portion of long-term debt | 240.5 |  |  | — |  |  | — |  |  | — |  |  | 240.5 |
Total current liabilities | 469.7 |  |  | 891.6 |  |  | 2,674.1 |  |  | (90.3 | ) |  | 3,945.1 |
Long-Term Liabilities: |  |  |  |  |  |  |  |  |
Long-term debt | 1,454.0 |  |  | — |  |  | — |  |  | — |  |  | 1,454.0 |
Intercompany loans payable | 138.9 |  |  | 698.8 |  |  | 811.6 |  |  | (1,649.3 | ) |  | — |
Other | 191.8 |  |  | 173.8 |  |  | 345.1 |  |  | (26.0 | ) |  | 684.7 |
Total long-term liabilities | 1,784.7 |  |  | 872.6 |  |  | 1,156.7 |  |  | (1,675.3 | ) |  | 2,138.7 |
Equity: |  |  |  |  |  |  |  |  |
Lear Corporation stockholders’ equity | 2,958.8 |  |  | 1,921.3 |  |  | 1,905.0 |  |  | (3,826.3 | ) |  | 2,958.8 |
Noncontrolling interests | — |  |  | — |  |  | 70.5 |  |  | — |  |  | 70.5 |
Equity | 2,958.8 |  |  | 1,921.3 |  |  | 1,975.5 |  |  | (3,826.3 | ) |  | 3,029.3 |
Total liabilities and equity | $ | 5,213.2 |  |  | $ | 3,685.5 |  |  | $ | 5,806.3 |  |  | $ | (5,591.9 | ) |  | $ | 9,113.1 |
Schedule of Consolidating Statement of Income |
| Year Ended December 31, 2015
(in millions) | Lear |  | Guarantors |  | Non- Guarantors |  | Eliminations |  | Consolidated
Net sales | $ | 427.2 |  |  | $ | 8,231.3 |  |  | $ | 14,793.6 |  |  | $ | (5,240.7 | ) |  | $ | 18,211.4 |
Cost of sales | 619.4 |  |  | 7,409.1 |  |  | 13,603.8 |  |  | (5,240.7 | ) |  | 16,391.6 |
Selling, general and administrative expenses | 262.7 |  |  | 59.0 |  |  | 258.8 |  |  | — |  |  | 580.5 |
Intercompany operating (income) expense, net | (348.5 | ) |  | 209.9 |  |  | 138.6 |  |  | — |  |  | — |
Amortization of intangible assets | 1.9 |  |  | 20.7 |  |  | 29.9 |  |  | — |  |  | 52.5 |
Interest expense | 70.4 |  |  | 25.5 |  |  | (9.2 | ) |  | — |  |  | 86.7 |
Other expense, net | 25.9 |  |  | 0.9 |  |  | 41.8 |  |  | — |  |  | 68.6 |
Consolidated income before provision for income taxes and equity in net income of affiliates and subsidiaries | (204.6 | ) |  | 506.2 |  |  | 729.9 |  |  | — |  |  | 1,031.5 |
Provision for income taxes | (86.7 | ) |  | 188.0 |  |  | 184.2 |  |  | — |  |  | 285.5 |
Equity in net income of affiliates | 0.7 |  |  | (0.9 | ) |  | (49.6 | ) |  | — |  |  | (49.8 | )
Equity in net income of subsidiaries | (864.1 | ) |  | (395.1 | ) |  | — |  |  | 1,259.2 |  |  | — |
Consolidated net income | 745.5 |  |  | 714.2 |  |  | 595.3 |  |  | (1,259.2 | ) |  | 795.8 |
Less: Net income attributable to noncontrolling interests | — |  |  | — |  |  | 50.3 |  |  | — |  |  | 50.3 |
Net income attributable to Lear | $ | 745.5 |  |  | $ | 714.2 |  |  | $ | 545.0 |  |  | $ | (1,259.2 | ) |  | $ | 745.5 |
Consolidated comprehensive income | $ | 517.4 |  |  | $ | 699.3 |  |  | $ | 368.1 |  |  | $ | (1,021.0 | ) |  | $ | 563.8 |
Less: Comprehensive income attributable to noncontrolling interests | — |  |  | — |  |  | 46.4 |  |  | — |  |  | 46.4 |
Comprehensive income attributable to Lear | $ | 517.4 |  |  | $ | 699.3 |  |  | $ | 321.7 |  |  | $ | (1,021.0 | ) |  | $ | 517.4 |
| Year Ended December 31, 2014
(in millions) | Lear |  | Guarantors |  | Non- Guarantors |  | Eliminations |  | Consolidated
Net sales | $ | 467.1 |  |  | $ | 7,086.4 |  |  | $ | 14,996.5 |  |  | $ | (4,822.7 | ) |  | $ | 17,727.3 |
Cost of sales | 662.7 |  |  | 6,468.6 |  |  | 13,925.9 |  |  | (4,822.7 | ) |  | 16,234.5 |
Selling, general and administrative expenses | 227.3 |  |  | 36.4 |  |  | 266.2 |  |  | — |  |  | 529.9 |
Intercompany operating (income) expense, net | (448.2 | ) |  | 287.2 |  |  | 161.0 |  |  | — |  |  | — |
Amortization of intangible assets | 1.7 |  |  | 4.7 |  |  | 27.3 |  |  | — |  |  | 33.7 |
Interest expense | 49.0 |  |  | 24.9 |  |  | (6.4 | ) |  | — |  |  | 67.5 |
Other expense, net | 26.5 |  |  | 1.0 |  |  | 46.8 |  |  | — |  |  | 74.3 |
Consolidated income before provision for income taxes and equity in net income of affiliates and subsidiaries | (51.9 | ) |  | 263.6 |  |  | 575.7 |  |  | — |  |  | 787.4 |
Provision for income taxes | (21.6 | ) |  | 93.3 |  |  | 49.7 |  |  | — |  |  | 121.4 |
Equity in net income of affiliates | 0.4 |  |  | (1.5 | ) |  | (35.2 | ) |  | — |  |  | (36.3 | )
Equity in net income of subsidiaries | (703.1 | ) |  | (390.3 | ) |  | — |  |  | 1,093.4 |  |  | — |
Consolidated net income | 672.4 |  |  | 562.1 |  |  | 561.2 |  |  | (1,093.4 | ) |  | 702.3 |
Less: Net income attributable to noncontrolling interests | — |  |  | — |  |  | 29.9 |  |  | — |  |  | 29.9 |
Net income attributable to Lear | $ | 672.4 |  |  | $ | 562.1 |  |  | $ | 531.3 |  |  | $ | (1,093.4 | ) |  | $ | 672.4 |
Consolidated comprehensive income | $ | 336.5 |  |  | $ | 502.1 |  |  | $ | 320.4 |  |  | $ | (794.5 | ) |  | $ | 364.5 |
Less: Comprehensive income attributable to noncontrolling interests | — |  |  | — |  |  | 28.0 |  |  | — |  |  | 28.0 |
Comprehensive income attributable to Lear | $ | 336.5 |  |  | $ | 502.1 |  |  | $ | 292.4 |  |  | $ | (794.5 | ) |  | $ | 336.5 |
| Year Ended December 31, 2013
(in millions) | Lear |  | Guarantors |  | Non- guarantors |  | Eliminations |  | Consolidated
Net sales | $ | 449.0 |  |  | $ | 6,261.1 |  |  | $ | 14,042.2 |  |  | $ | (4,518.3 | ) |  | $ | 16,234.0 |
Cost of sales | 643.6 |  |  | 5,629.5 |  |  | 13,179.5 |  |  | (4,518.3 | ) |  | 14,934.3 |
Selling, general and administrative expenses | 211.4 |  |  | 20.6 |  |  | 296.7 |  |  | — |  |  | 528.7 |
Intercompany operating (income) expense, net | (395.4 | ) |  | 292.4 |  |  | 103.0 |  |  | — |  |  | — |
Amortization of intangible assets | 1.7 |  |  | 4.7 |  |  | 28.0 |  |  | — |  |  | 34.4 |
Interest expense | 52.0 |  |  | 19.3 |  |  | (2.9 | ) |  | — |  |  | 68.4 |
Other expense, net | 6.5 |  |  | 7.6 |  |  | 44.0 |  |  | — |  |  | 58.1 |
Consolidated income before provision for income taxes and equity in net income of affiliates and subsidiaries | (70.8 | ) |  | 287.0 |  |  | 393.9 |  |  | — |  |  | 610.1 |
Provision for income taxes | (33.9 | ) |  | 113.6 |  |  | 113.0 |  |  | — |  |  | 192.7 |
Equity in net income of affiliates | 0.7 |  |  | (2.0 | ) |  | (37.1 | ) |  | — |  |  | (38.4 | )
Equity in net income of subsidiaries | (469.0 | ) |  | (138.2 | ) |  | — |  |  | 607.2 |  |  | — |
Consolidated net income | 431.4 |  |  | 313.6 |  |  | 318.0 |  |  | (607.2 | ) |  | 455.8 |
Less: Net income attributable to noncontrolling interests | — |  |  | — |  |  | 24.4 |  |  | — |  |  | 24.4 |
Net income attributable to Lear | $ | 431.4 |  |  | $ | 313.6 |  |  | $ | 293.6 |  |  | $ | (607.2 | ) |  | $ | 431.4 |
Consolidated comprehensive income | $ | 566.1 |  |  | $ | 340.8 |  |  | $ | 379.0 |  |  | $ | (693.9 | ) |  | $ | 592.0 |
Less: Comprehensive income attributable to noncontrolling interests | — |  |  | — |  |  | 25.9 |  |  | — |  |  | 25.9 |
Comprehensive income attributable to Lear | $ | 566.1 |  |  | $ | 340.8 |  |  | $ | 353.1 |  |  | $ | (693.9 | ) |  | $ | 566.1 |
Schedule of Consolidating Statement of Cash Flows |
| Year Ended December 31, 2015
(in millions) | Lear |  | Guarantors |  | Non- guarantors |  | Eliminations |  | Consolidated
Net Cash Provided by Operating Activities | $ | 142.2 |  |  | $ | 385.1 |  |  | $ | 900.1 |  |  | $ | (156.3 | ) |  | $ | 1,271.1 |
Cash Flows from Investing Activities: |  |  |  |  |  |  |  |  |
Additions to property, plant and equipment | (43.2 | ) |  | (116.8 | ) |  | (325.8 | ) |  | — |  |  | (485.8 | )
Acquisitions, net of cash acquired and use of $350 million restricted cash (see non-cash investing activities below) (Note 3) | (521.1 | ) |  | 1.2 |  |  | 20.7 |  |  | — |  |  | (499.2 | )
Intercompany transactions | 626.5 |  |  | (15.9 | ) |  | (32.5 | ) |  | (578.1 | ) |  | — |
Other, net | (7.6 | ) |  | 8.4 |  |  | 18.9 |  |  | — |  |  | 19.7 |
Net cash used in investing activities | 54.6 |  |  | (123.1 | ) |  | (318.7 | ) |  | (578.1 | ) |  | (965.3 | )
Cash Flows from Financing Activities: |  |  |  |  |  |  |  |  |
Credit agreement borrowings | 500.0 |  |  | — |  |  | — |  |  | — |  |  | 500.0 |
Credit agreement repayments | (9.4 | ) |  | — |  |  | — |  |  | — |  |  | (9.4 | )
Repurchase of senior notes, net of use of $250 million restricted cash (see non-cash financing activities below) (Note 6) | (5.0 | ) |  | — |  |  | — |  |  | — |  |  | (5.0 | )
Repurchase of common stock | (487.4 | ) |  | — |  |  | — |  |  | — |  |  | (487.4 | )
Dividends paid to Lear Corporation stockholders | (78.5 | ) |  | — |  |  | — |  |  | — |  |  | (78.5 | )
Dividends paid to noncontrolling interests | — |  |  | — |  |  | (27.8 | ) |  | — |  |  | (27.8 | )
Change in intercompany accounts | 82.7 |  |  | (261.7 | ) |  | (555.4 | ) |  | 734.4 |  |  | — |
Other, net | (50.6 | ) |  | — |  |  | 2.4 |  |  | — |  |  | (48.2 | )
Net cash used in financing activities | (48.2 | ) |  | (261.7 | ) |  | (580.8 | ) |  | 734.4 |  |  | (156.3 | )
Effect of foreign currency translation | — |  |  | — |  |  | (47.0 | ) |  | — |  |  | (47.0 | )
Net Change in Cash and Cash Equivalents | 148.6 |  |  | 0.3 |  |  | (46.4 | ) |  | — |  |  | 102.5 |
Cash and Cash Equivalents as of Beginning of Period | 377.8 |  |  | — |  |  | 716.3 |  |  | — |  |  | 1,094.1 |
Cash and Cash Equivalents as of End of Period | $ | 526.4 |  |  | $ | 0.3 |  |  | $ | 669.9 |  |  | $ | — |  |  | $ | 1,196.6 |
Non-cash Investing Activities |  |  |  |  |  |  |  |  |
Cash restricted for use - acquisition of Eagle Ottawa | $ | (350.0 | ) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (350.0 | )
Non-cash Financing Activities |  |  |  |  |  |  |  |  |
Cash restricted for use - repurchase of senior notes | $ | (250.0 | ) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (250.0 | )
| Year Ended December 31, 2014
(in millions) | Lear |  | Guarantors |  | Non- guarantors |  | Eliminations |  | Consolidated
Net Cash Provided by Operating Activities | $ | 165.4 |  |  | $ | 177.5 |  |  | $ | 597.5 |  |  | $ | (12.6 | ) |  | $ | 927.8 |
Cash Flows from Investing Activities: |  |  |  |  |  |  |  |  |
Additions to property, plant and equipment | (25.6 | ) |  | (88.2 | ) |  | (310.9 | ) |  | — |  |  | (424.7 | )
Cash restricted for use - acquisition of Eagle Ottawa | (350.0 | ) |  | — |  |  | — |  |  | — |  |  | (350.0 | )
Intercompany transactions | 352.5 |  |  | (38.9 | ) |  | (46.3 | ) |  | (267.3 | ) |  | — |
Other, net | (6.8 | ) |  | 15.1 |  |  | (14.2 | ) |  | — |  |  | (5.9 | )
Net cash used in investing activities | (29.9 | ) |  | (112.0 | ) |  | (371.4 | ) |  | (267.3 | ) |  | (780.6 | )
Cash Flows from Financing Activities: |  |  |  |  |  |  |  |  |
Proceeds from the issuance of senior notes | 975.0 |  |  | — |  |  | — |  |  | — |  |  | 975.0 |
Repurchase of senior notes | (327.1 | ) |  | — |  |  | — |  |  | — |  |  | (327.1 | )
Payment of debt issuance and other financing costs | (18.1 | ) |  | — |  |  | — |  |  | — |  |  | (18.1 | )
Cash restricted for use - repurchase of senior notes | (250.0 | ) |  | — |  |  | — |  |  | — |  |  | (250.0 | )
Repurchase of common stock | (411.4 | ) |  | — |  |  | — |  |  | — |  |  | (411.4 | )
Dividends paid to Lear Corporation stockholders | (65.3 | ) |  | — |  |  | — |  |  | — |  |  | (65.3 | )
Dividends paid to noncontrolling interests | — |  |  | — |  |  | (25.9 | ) |  | — |  |  | (25.9 | )
Intercompany transactions | 15.9 |  |  | (65.6 | ) |  | (230.2 | ) |  | 279.9 |  |  | — |
Other, net | (20.2 | ) |  | — |  |  | (17.8 | ) |  | — |  |  | (38.0 | )
Net cash used in financing activities | (101.2 | ) |  | (65.6 | ) |  | (273.9 | ) |  | 279.9 |  |  | (160.8 | )
Effect of foreign currency translation | — |  |  | — |  |  | (30.0 | ) |  | — |  |  | (30.0 | )
Net Change in Cash and Cash Equivalents | 34.3 |  |  | (0.1 | ) |  | (77.8 | ) |  | — |  |  | (43.6 | )
Cash and Cash Equivalents as of Beginning of Period | 343.5 |  |  | 0.1 |  |  | 794.1 |  |  | — |  |  | 1,137.7 |
Cash and Cash Equivalents as of End of Period | $ | 377.8 |  |  | $ | — |  |  | $ | 716.3 |  |  | $ | — |  |  | $ | 1,094.1 |
| Year Ended December 31, 2013
(in millions) | Lear |  | Guarantors |  | Non- guarantors |  | Eliminations |  | Consolidated
Net Cash Provided by Operating Activities | $ | 174.3 |  |  | $ | 226.0 |  |  | $ | 480.1 |  |  | $ | (60.3 | ) |  | $ | 820.1 |
Cash Flows from Investing Activities: |  |  |  |  |  |  |  |  |
Additions to property, plant and equipment | (17.9 | ) |  | (110.6 | ) |  | (332.1 | ) |  | — |  |  | (460.6 | )
Insurance proceeds | — |  |  | — |  |  | 7.1 |  |  | — |  |  | 7.1 |
Intercompany transactions | 304.1 |  |  | (2.4 | ) |  | 1,090.9 |  |  | (1,392.6 | ) |  | — |
Other, net | 43.0 |  |  | 3.8 |  |  | 2.8 |  |  | — |  |  | 49.6 |
Net cash used in investing activities | 329.2 |  |  | (109.2 | ) |  | 768.7 |  |  | (1,392.6 | ) |  | (403.9 | )
Cash Flows from Financing Activities: |  |  |  |  |  |  |  |  |
Proceeds from the issuance of senior notes | 500.0 |  |  | — |  |  | — |  |  | — |  |  | 500.0 |
Repurchase of senior notes | (72.1 | ) |  | — |  |  | — |  |  | — |  |  | (72.1 | )
Payment of debt issuance and other financing costs | (13.4 | ) |  | — |  |  | — |  |  | — |  |  | (13.4 | )
Repurchase of common stock | (1,000.1 | ) |  | — |  |  | — |  |  | — |  |  | (1,000.1 | )
Dividends paid to Lear Corporation stockholders | (58.4 | ) |  | — |  |  | — |  |  | — |  |  | (58.4 | )
Dividends paid to noncontrolling interests | — |  |  | — |  |  | (44.0 | ) |  | — |  |  | (44.0 | )
Change in intercompany accounts | 6.5 |  |  | (116.8 | ) |  | (1,342.6 | ) |  | 1,452.9 |  |  | — |
Other, net | (3.9 | ) |  | — |  |  | (6.6 | ) |  | — |  |  | (10.5 | )
Net cash used in financing activities | (641.4 | ) |  | (116.8 | ) |  | (1,393.2 | ) |  | 1,452.9 |  |  | (698.5 | )
Effect of foreign currency translation | — |  |  | — |  |  | 17.8 |  |  | — |  |  | 17.8 |
Net Change in Cash and Cash Equivalents | (137.9 | ) |  | — |  |  | (126.6 | ) |  | — |  |  | (264.5 | )
Cash and Cash Equivalents as of Beginning of Period | 481.4 |  |  | 0.1 |  |  | 920.7 |  |  | — |  |  | 1,402.2 |
Cash and Cash Equivalents as of End of Period | $ | 343.5 |  |  | $ | 0.1 |  |  | $ | 794.1 |  |  | $ | — |  |  | $ | 1,137.7 |
Long-Term Debt of Lear and Guarantors | Long-Term Debt of Lear and the Guarantors — A summary of long-term debt of Lear and the Guarantors on a combined basis is shown below (in millions):
December 31, | 2015 |  | 2014
Senior notes | $ | 1,947.2 |  |  | $ | 1,694.5 |
Less — Current portion | (21.9 | ) |  | (240.5 | )
Long-term debt | $ | 1,925.3 |  |  | $ | 1,454.0 |

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