XML 40 R21.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Segment Reporting | 12 Months Ended
--- | ---
Dec. 31, 2015
Segment Reporting [Abstract] |
Segment Reporting | Segment Reporting A summary of revenues from external customers and other financial information by reportable operating segment is shown below (in millions):
| Year Ended December 31, 2015
| Seating |  | Electrical |  | Other |  | Consolidated
Revenues from external customers | $ | 14,098.5 |  |  | $ | 4,112.9 |  |  | $ | — |  |  | $ | 18,211.4 |
Segment earnings (1) | 907.0 |  |  | 554.4 |  |  | (274.6 | ) |  | 1,186.8 |
Depreciation and amortization | 239.3 |  |  | 99.3 |  |  | 9.2 |  |  | 347.8 |
Capital expenditures | 317.2 |  |  | 134.4 |  |  | 34.2 |  |  | 485.8 |
Total assets | 5,780.7 |  |  | 1,572.9 |  |  | 2,052.2 |  |  | 9,405.8 |
| Year Ended December 31, 2014
| Seating |  | Electrical |  | Other |  | Consolidated
Revenues from external customers | $ | 13,310.6 |  |  | $ | 4,416.7 |  |  | $ | — |  |  | $ | 17,727.3 |
Segment earnings (1) | 655.2 |  |  | 556.6 |  |  | (282.6 | ) |  | 929.2 |
Depreciation and amortization | 199.8 |  |  | 103.3 |  |  | 7.8 |  |  | 310.9 |
Capital expenditures | 268.9 |  |  | 138.4 |  |  | 17.4 |  |  | 424.7 |
Total assets | 4,855.6 |  |  | 1,609.9 |  |  | 2,647.6 |  |  | 9,113.1 |
| Year Ended December 31, 2013
| Seating |  | Electrical |  | Other |  | Consolidated
Revenues from external customers | $ | 12,018.1 |  |  | $ | 4,215.9 |  |  | $ | — |  |  | $ | 16,234.0 |
Segment earnings (1) | 576.9 |  |  | 414.3 |  |  | (254.6 | ) |  | 736.6 |
Depreciation and amortization | 181.3 |  |  | 96.4 |  |  | 7.8 |  |  | 285.5 |
Capital expenditures | 288.5 |  |  | 163.4 |  |  | 8.7 |  |  | 460.6 |
(1) | See definition in Note 2, "Summary of Significant Accounting Policies — Segment Reporting."
For the year ended December 31, 2015, segment earnings include restructuring charges of $60.8 million, $13.9 million and $12.1 million in the seating and electrical segments and in the other category, respectively (Note 4, "Restructuring"). For the year ended December 31, 2014, segment earnings include restructuring charges of $84.0 million, $10.3 million and $12.7 million in the seating and electrical segments and in the other category, respectively (Note 4, "Restructuring"). For the year ended December 31, 2013, segment earnings include restructuring charges of $54.8 million , $13.1 million and $10.0 million in the seating and electrical segments and in the other category, respectively (Note 4, "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):
For the year ended December 31, | 2015 |  | 2014 |  | 2013
Segment earnings | $ | 1,461.4 |  |  | $ | 1,211.8 |  |  | $ | 991.2 |
Corporate and regional headquarters and elimination of intercompany activity ("Other") | (274.6 | ) |  | (282.6 | ) |  | (254.6 | )
Consolidated income before interest, other expense, provision for income taxes and equity in net income of affiliates | 1,186.8 |  |  | 929.2 |  |  | 736.6 |
Interest expense | 86.7 |  |  | 67.5 |  |  | 68.4 |
Other expense, net | 68.6 |  |  | 74.3 |  |  | 58.1 |
Consolidated income before provision for income taxes and equity in net income of affiliates | $ | 1,031.5 |  |  | $ | 787.4 |  |  | $ | 610.1 |
Revenues from external customers and tangible long-lived assets for each of the geographic areas in which the Company operates is shown below (in millions):
For the year ended December 31, | 2015 |  | 2014 |  | 2013
Revenues from external customers: |  |  |  |  |
United States | $ | 4,252.3 |  |  | $ | 3,708.4 |  |  | $ | 3,046.0 |
Mexico | 2,777.3 |  |  | 2,373.9 |  |  | 2,225.9 |
China | 2,141.9 |  |  | 2,092.9 |  |  | 1,842.9 |
Germany | 1,987.3 |  |  | 2,327.7 |  |  | 2,204.6 |
Other countries | 7,052.6 |  |  | 7,224.4 |  |  | 6,914.6 |
Total | $ | 18,211.4 |  |  | $ | 17,727.3 |  |  | $ | 16,234.0 |
December 31, | 2015 |  | 2014
Tangible long-lived assets: |  |  |
United States | $ | 337.1 |  |  | $ | 274.1 |
Mexico | 374.6 |  |  | 293.3 |
China | 244.7 |  |  | 179.8 |
Germany | 129.9 |  |  | 140.6 |
Other countries | 740.2 |  |  | 736.9 |
Total | $ | 1,826.5 |  |  | $ | 1,624.7 |
The following is a summary of the percentage of revenues from major customers:
For the year ended December 31, | 2015 |  | 2014 |  | 2013
Ford | 22.5% |  | 20.6% |  | 21.9%
General Motors | 20.0% |  | 22.0% |  | 21.9%
BMW | 10.5% |  | 11.1% |  | 10.0%
In addition, a portion of the Company’s remaining revenues are from the above automotive manufacturing companies through various other automotive suppliers.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration