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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash Flows from Operating Activities:      
Consolidated net income $ 795.8 $ 702.3 $ 455.8
Adjustments to reconcile consolidated net income to net cash provided by operating activities –      
Equity in net income of affiliates (49.8) (36.3) (38.4)
Loss on extinguishment of debt 14.3 17.9 3.6
Fixed asset impairment charges 5.7 2.6 11.1
Deferred tax provision (benefit) 48.6 (58.0) 45.4
Depreciation and amortization 347.8 310.9 285.5
Stock-based compensation 65.7 70.7 59.4
Net change in recoverable customer engineering, development and tooling (57.8) 7.6 3.2
Net change in working capital items (see below) 58.0 (140.2) (8.2)
Changes in other long-term liabilities (20.2) 5.4 (25.6)
Changes in other long-term assets 44.3 41.4 12.9
Other, net 18.7 3.5 15.4
Net cash provided by operating activities 1,271.1 927.8 820.1
Cash Flows from Investing Activities:      
Additions to property, plant and equipment (485.8) (424.7) (460.6)
Acquisitions, net of cash acquired and use of $350 million restricted cash in 2015 (see non-cash investing activities below) (Note 3) (499.2) 0.0 0.0
Cash restricted for use - acquisition of Eagle Ottawa 0.0 (350.0) 0.0
Insurance proceeds 0.0 0.0 7.1
Other, net 19.7 (5.9) 49.6
Net cash used in investing activities (965.3) (780.6) (403.9)
Cash Flows from Financing Activities:      
Credit agreement borrowings 500.0 0.0 0.0
Credit agreement repayments (9.4) 0.0 0.0
Proceeds from the issuance of senior notes 0.0 975.0 500.0
Repurchase of senior notes, net of use of $250 million restricted cash in 2015 (see non-cash financing activities below) (Note 6) (5.0) (327.1) (72.1)
Payment of debt issuance and other financing costs 0.0 (18.1) (13.4)
Cash restricted for use - repurchase of senior notes 0.0 (250.0) 0.0
Repurchase of common stock (487.4) (411.4) (1,000.1)
Dividends paid to Lear Corporation stockholders (78.5) (65.3) (58.4)
Dividends paid to noncontrolling interests (27.8) (25.9) (44.0)
Other, net (48.2) (38.0) (10.5)
Net cash used in financing activities (156.3) (160.8) (698.5)
Effect of foreign currency translation (47.0) (30.0) 17.8
Net Change in Cash and Cash Equivalents 102.5 (43.6) (264.5)
Cash and Cash Equivalents as of Beginning of Period 1,094.1 1,137.7 1,402.2
Cash and Cash Equivalents as of End of Period 1,196.6 1,094.1 1,137.7
Changes in Working Capital Items:      
Accounts receivable (173.4) (358.7) (239.6)
Inventories 4.1 (91.2) (102.0)
Accounts payable (including $45.7 million of cash paid in 2015 in conjunction with the acquisition of Eagle Ottawa to settle pre-existing accounts payable) 76.2 231.3 189.5
Accrued liabilities and other 151.1 78.4 143.9
Net change in working capital items 58.0 (140.2) (8.2)
Supplementary Disclosure:      
Cash paid for interest 85.6 70.7 64.2
Cash paid for income taxes, net of refunds received of $11.9 million in 2015, $24.0 million in 2014 and $12.6 million in 2013 218.7 154.6 152.9
Non-cash Investing Activities:      
Cash restricted for use - acquisition of Eagle Ottawa (350.0) 0.0 0.0
Non-cash Financing Activities:      
Cash restricted for use - repurchase of senior notes $ (250.0) $ 0.0 $ 0.0