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Quarterly Financial Data (unaudited)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data (unaudited)

Quarterly Financial Data (unaudited)

(In millions, except per share data)

	Thirteen Weeks Ended
	March 28, 2015				June 27, 2015				September 26, 2015				December 31, 2015
Net sales	$	4,521.4			$	4,635.1			$	4,330.3			$	4,724.6
Gross profit	425.7				450.2				453.2				490.7
Consolidated net income	156.7				192.9				193.3				252.9
Net income attributable to Lear	147.3				181.9				181.0				235.3
Basic net income per share attributable to Lear	1.88				2.35				2.37				3.13
Diluted net income per share attributable to Lear	1.86				2.33				2.34				3.07

In the first quarter of 2015, the Company recognized a loss of $14.3 million related to the redemption of the remaining outstanding aggregate principal amount of the 2020 Notes. In the first, second, third and fourth quarters of 2015, the Company recognized $14.0 million, $15.8 million, $2.2 million and $11.1 million of net tax benefits, respectively, primarily related to restructuring charges, debt redemption costs, acquisition costs and various other items.

	Thirteen Weeks Ended
	March 29, 2014				June 28, 2014				September 27, 2014				December 31, 2014
Net sales	$	4,359.8			$	4,585.1			$	4,232.7			$	4,549.7
Gross profit	360.5				379.1				361.2				392.0
Consolidated net income	128.6				157.8				147.9				268.0
Net income attributable to Lear	122.0				148.5				140.1				261.8
Basic net income per share attributable to Lear	1.50				1.84				1.75				3.32
Diluted net income per share attributable to Lear	1.47				1.81				1.72				3.24

In the first quarter of 2014, the Company recognized losses of $17.5 million related to the redemption of the remaining outstanding aggregate principal amount of the 2018 Notes and 10% of the original aggregate principal amount of the 2020 Notes. In the first, second, third and fourth quarters of 2014, the Company recognized $15.4 million, $17.9 million, $6.9 million and $108.9 million of net tax benefits, respectively, primarily related to net reductions in valuation allowances with respect to the deferred tax assets of certain foreign subsidiaries, reductions in tax reserves due to audit settlements, debt redemption costs, restructuring charges and various other items.

For further information, see Note 7, "Income Taxes," and Note 11, "Commitments and Contingencies."

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- References

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- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e765-108305

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)-(j)
-URI http://asc.fasb.org/extlink&oid=51825399&loc=d3e1280-108306

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e725-108305

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 6
-Section G
-Subsection 1

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 302
-Paragraph a

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