XML 88 R76.htm IDEA: XBRL DOCUMENT v3.5.0.2
Supplemental Guarantor Condensed Consolidating Financial Statements - Cash Flows (Detail) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 02, 2016
Jun. 27, 2015
Jul. 02, 2016
Jun. 27, 2015
Condensed Financial Statements, Captions [Line Items]        
Net Cash Provided by Operating Activities     $ 817.6 $ 408.0
Cash Flows from Investing Activities:        
Additions to property, plant and equipment $ (93.6) $ (114.1) (181.7) (212.9)
Acquisition of Eagle Ottawa, net of cash acquired and use of $350 million restricted cash (see non-cash investing activities below) (Note 7)     0.0 (465.3)
Intercompany transactions     0.0 0.0
Other, net     50.5 8.3
Net cash used in investing activities     (131.2) (669.9)
Cash Flows from Financing Activities:        
Credit agreement borrowings     0.0 500.0
Credit agreement repayments     (9.4) 0.0
Short-term borrowings     5.2 0.0
Repurchase of senior notes, net of use of $250 million restricted cash in 2015 (see non-cash financing activities below) (Note 7)     0.0 (5.0)
Repurchase of common stock     (367.1) (234.8)
Dividends paid to Lear Corporation stockholders     (47.0) (41.1)
Dividends paid to noncontrolling interests     (14.3) (11.9)
Intercompany transactions     0.0 0.0
Other, net     (51.3) (48.6)
Net cash provided by (used in) financing activities     (483.9) 158.6
Effect of foreign currency translation     (4.4) (22.9)
Net Change in Cash and Cash Equivalents     198.1 (126.2)
Cash and Cash Equivalents as of Beginning of Period     1,196.6 1,094.1
Cash and Cash Equivalents as of End of Period 1,394.7 [1] 967.9 1,394.7 [1] 967.9
Non-cash Investing Activities:        
Cash restricted for use - acquisition of Eagle Ottawa     0.0 (350.0)
Non-cash Financing Activities:        
Cash restricted for use - repurchase of senior notes     0.0 (250.0)
Eliminations        
Condensed Financial Statements, Captions [Line Items]        
Net Cash Provided by Operating Activities     (10.6) (111.4)
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 7)       0.0
Intercompany transactions     131.0 (324.0)
Other, net     0.0 0.0
Net cash used in investing activities     131.0 (324.0)
Cash Flows from Financing Activities:        
Credit agreement borrowings       0.0
Credit agreement repayments     0.0  
Short-term borrowings     0.0  
Repurchase of senior notes, net of use of $250 million restricted cash in 2015 (see non-cash financing activities below) (Note 7)       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     (120.4) 435.4
Other, net     0.0
Net cash provided by (used in) financing activities     (120.4) 435.4
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
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
Lear        
Condensed Financial Statements, Captions [Line Items]        
Net Cash Provided by Operating Activities     70.9 81.1
Cash Flows from Investing Activities:        
Additions to property, plant and equipment     (21.1) (11.1)
Acquisition of Eagle Ottawa, net of cash acquired and use of $350 million restricted cash (see non-cash investing activities below) (Note 7)       (485.5)
Intercompany transactions     135.9 270.9
Other, net     (4.0) (5.3)
Net cash used in investing activities     110.8 (231.0)
Cash Flows from Financing Activities:        
Credit agreement borrowings       500.0
Credit agreement repayments     (9.4)  
Short-term borrowings     0.0  
Repurchase of senior notes, net of use of $250 million restricted cash in 2015 (see non-cash financing activities below) (Note 7)       (5.0)
Repurchase of common stock     (367.1) (234.8)
Dividends paid to Lear Corporation stockholders     (47.0) (41.1)
Dividends paid to noncontrolling interests     0.0 0.0
Intercompany transactions     286.6 (5.2)
Other, net     (50.7) (48.6)
Net cash provided by (used in) financing activities     (187.6) 165.3
Effect of foreign currency translation     0.0 0.0
Net Change in Cash and Cash Equivalents     (5.9) 15.4
Cash and Cash Equivalents as of Beginning of Period     526.4 377.8
Cash and Cash Equivalents as of End of Period 520.5 393.2 520.5 393.2
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 Operating Activities     275.1 (4.1)
Cash Flows from Investing Activities:        
Additions to property, plant and equipment     (47.2) (51.5)
Acquisition of Eagle Ottawa, net of cash acquired and use of $350 million restricted cash (see non-cash investing activities below) (Note 7)       1.2
Intercompany transactions     36.9 (12.5)
Other, net     0.6 0.6
Net cash used in investing activities     (9.7) (62.2)
Cash Flows from Financing Activities:        
Credit agreement borrowings       0.0
Credit agreement repayments     0.0  
Short-term borrowings     0.0  
Repurchase of senior notes, net of use of $250 million restricted cash in 2015 (see non-cash financing activities below) (Note 7)       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     (265.7) 68.2
Other, net     0.0 0.0
Net cash provided by (used in) financing activities     (265.7) 68.2
Effect of foreign currency translation     0.0 0.0
Net Change in Cash and Cash Equivalents     (0.3) 1.9
Cash and Cash Equivalents as of Beginning of Period     0.3 0.0
Cash and Cash Equivalents as of End of Period 0.0 1.9 0.0 1.9
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 Operating Activities     482.2 442.4
Cash Flows from Investing Activities:        
Additions to property, plant and equipment     (113.4) (150.3)
Acquisition of Eagle Ottawa, net of cash acquired and use of $350 million restricted cash (see non-cash investing activities below) (Note 7)       19.0
Intercompany transactions     (303.8) 65.6
Other, net     53.9 13.0
Net cash used in investing activities     (363.3) (52.7)
Cash Flows from Financing Activities:        
Credit agreement borrowings       0.0
Credit agreement repayments     0.0  
Short-term borrowings     5.2  
Repurchase of senior notes, net of use of $250 million restricted cash in 2015 (see non-cash financing activities below) (Note 7)       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     (14.3) (11.9)
Intercompany transactions     99.5 (498.4)
Other, net     (0.6) 0.0
Net cash provided by (used in) financing activities     89.8 (510.3)
Effect of foreign currency translation     (4.4) (22.9)
Net Change in Cash and Cash Equivalents     204.3 (143.5)
Cash and Cash Equivalents as of Beginning of Period     669.9 716.3
Cash and Cash Equivalents as of End of Period $ 874.2 $ 572.8 $ 874.2 572.8
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.