XML 85 R73.htm IDEA: XBRL DOCUMENT v3.7.0.1
Supplemental Guarantor Condensed Consolidating Financial Statements - Balance Sheets (Detail) - USD ($)
$ in Millions
Jul. 01, 2017
Apr. 01, 2017
Dec. 31, 2016
Jul. 02, 2016
Apr. 02, 2016
Dec. 31, 2015
CURRENT ASSETS:            
Cash and cash equivalents $ 1,166.7 [1]   $ 1,271.6 $ 1,394.7   $ 1,196.6
Accounts receivable 3,357.7 [1]   2,746.5      
Inventories 1,127.4 [1]   1,020.6      
Intercompany accounts 0.0   0.0      
Other 690.1 [1]   610.6      
Total current assets 6,341.9 [1]   5,649.3      
LONG-TERM ASSETS:            
Property, plant and equipment, net 2,266.7 [1]   2,019.3      
Goodwill 1,272.1 [1]   1,121.3      
Investments in subsidiaries 0.0   0.0      
Intercompany loans receivable 0.0   0.0      
Other 1,356.5 [1]   1,110.7      
Total long-term assets 4,895.3 [1]   4,251.3      
Total assets 11,237.2 [1]   9,900.6 10,140.5    
CURRENT LIABILITIES:            
Short-term borrowings 3.9 [1]   8.6      
Accounts payable and drafts 3,202.9 [1]   2,640.5      
Accrued liabilities 1,693.5 [1]   1,497.6      
Intercompany accounts 0.0   0.0      
Current portion of long-term debt 42.0 [1]   35.6      
Total current liabilities 4,942.3 [1]   4,182.3      
LONG-TERM LIABILITIES:            
Long-term debt 1,877.1 [1]   1,898.0      
Intercompany loans payable 0.0   0.0      
Other 661.6 [1]   627.4      
Total long-term liabilities 2,538.7 [1]   2,525.4      
EQUITY:            
Lear Corporation stockholders’ equity 3,621.9 [1]   3,057.2      
Noncontrolling interests 134.3 [1]   135.7      
Equity 3,756.2 [1] $ 3,463.5 3,192.9 3,156.1 $ 3,144.4 3,017.7
Total liabilities and equity 11,237.2 [1]   9,900.6      
Eliminations            
CURRENT ASSETS:            
Cash and cash equivalents 0.0   0.0 0.0   0.0
Accounts receivable 0.0   0.0      
Inventories 0.0   0.0      
Intercompany accounts (230.0)   (181.3)      
Other 0.0   0.0      
Total current assets (230.0)   (181.3)      
LONG-TERM ASSETS:            
Property, plant and equipment, net 0.0   0.0      
Goodwill 0.0   0.0      
Investments in subsidiaries (6,411.2)   (5,039.9)      
Intercompany loans receivable (2,251.3)   (1,606.9)      
Other (24.0)   (17.8)      
Total long-term assets (8,686.5)   (6,664.6)      
Total assets (8,916.5)   (6,845.9)      
CURRENT LIABILITIES:            
Short-term borrowings 0.0   0.0      
Accounts payable and drafts 0.0   0.0      
Accrued liabilities 0.0   0.0      
Intercompany accounts (230.0)   (181.3)      
Current portion of long-term debt 0.0   0.0      
Total current liabilities (230.0)   (181.3)      
LONG-TERM LIABILITIES:            
Long-term debt 0.0   0.0      
Intercompany loans payable (2,251.3)   (1,606.9)      
Other (24.0)   (17.8)      
Total long-term liabilities (2,275.3)   (1,624.7)      
EQUITY:            
Lear Corporation stockholders’ equity (6,411.2)   (5,039.9)      
Noncontrolling interests 0.0   0.0      
Equity (6,411.2)   (5,039.9)      
Total liabilities and equity (8,916.5)   (6,845.9)      
Lear            
CURRENT ASSETS:            
Cash and cash equivalents 352.7   480.4 520.5   526.4
Accounts receivable 398.7   314.0      
Inventories 58.7   67.9      
Intercompany accounts 70.2   87.0      
Other 132.8   119.4      
Total current assets 1,013.1   1,068.7      
LONG-TERM ASSETS:            
Property, plant and equipment, net 317.5   309.4      
Goodwill 172.1   172.1      
Investments in subsidiaries 4,609.7   4,002.3      
Intercompany loans receivable 1,000.9   308.9      
Other 509.5   456.6      
Total long-term assets 6,609.7   5,249.3      
Total assets 7,622.8   6,318.0      
CURRENT LIABILITIES:            
Short-term borrowings 0.0   0.0      
Accounts payable and drafts 391.8   328.8      
Accrued liabilities 321.5   228.6      
Intercompany accounts 0.0   0.0      
Current portion of long-term debt 40.6   34.4      
Total current liabilities 753.9   591.8      
LONG-TERM LIABILITIES:            
Long-term debt 1,873.0   1,893.5      
Intercompany loans payable 1,105.1   504.9      
Other 268.9   270.6      
Total long-term liabilities 3,247.0   2,669.0      
EQUITY:            
Lear Corporation stockholders’ equity 3,621.9   3,057.2      
Noncontrolling interests 0.0   0.0      
Equity 3,621.9   3,057.2      
Total liabilities and equity 7,622.8   6,318.0      
Guarantors            
CURRENT ASSETS:            
Cash and cash equivalents 0.3   0.3 0.1   0.3
Accounts receivable 268.3   238.7      
Inventories 387.8   364.7      
Intercompany accounts 159.8   94.3      
Other 25.8   15.3      
Total current assets 842.0   713.3      
LONG-TERM ASSETS:            
Property, plant and equipment, net 326.6   313.4      
Goodwill 519.9   519.9      
Investments in subsidiaries 1,801.5   1,037.6      
Intercompany loans receivable 1,142.8   1,206.9      
Other 132.9   146.8      
Total long-term assets 3,923.7   3,224.6      
Total assets 4,765.7   3,937.9      
CURRENT LIABILITIES:            
Short-term borrowings 0.0   0.0      
Accounts payable and drafts 568.7   460.1      
Accrued liabilities 131.8   197.5      
Intercompany accounts 0.0   0.0      
Current portion of long-term debt 0.0   0.0      
Total current liabilities 700.5   657.6      
LONG-TERM LIABILITIES:            
Long-term debt 0.0   0.0      
Intercompany loans payable 63.7   48.7      
Other 10.5   13.2      
Total long-term liabilities 74.2   61.9      
EQUITY:            
Lear Corporation stockholders’ equity 3,991.0   3,218.4      
Noncontrolling interests 0.0   0.0      
Equity 3,991.0   3,218.4      
Total liabilities and equity 4,765.7   3,937.9      
Non- guarantors            
CURRENT ASSETS:            
Cash and cash equivalents 813.7   790.9 $ 874.1   $ 669.9
Accounts receivable 2,690.7   2,193.8      
Inventories 680.9   588.0      
Intercompany accounts 0.0   0.0      
Other 531.5   475.9      
Total current assets 4,716.8   4,048.6      
LONG-TERM ASSETS:            
Property, plant and equipment, net 1,622.6   1,396.5      
Goodwill 580.1   429.3      
Investments in subsidiaries 0.0   0.0      
Intercompany loans receivable 107.6   91.1      
Other 738.1   525.1      
Total long-term assets 3,048.4   2,442.0      
Total assets 7,765.2   6,490.6      
CURRENT LIABILITIES:            
Short-term borrowings 3.9   8.6      
Accounts payable and drafts 2,242.4   1,851.6      
Accrued liabilities 1,240.2   1,071.5      
Intercompany accounts 230.0   181.3      
Current portion of long-term debt 1.4   1.2      
Total current liabilities 3,717.9   3,114.2      
LONG-TERM LIABILITIES:            
Long-term debt 4.1   4.5      
Intercompany loans payable 1,082.5   1,053.3      
Other 406.2   361.4      
Total long-term liabilities 1,492.8   1,419.2      
EQUITY:            
Lear Corporation stockholders’ equity 2,420.2   1,821.5      
Noncontrolling interests 134.3   135.7      
Equity 2,554.5   1,957.2      
Total liabilities and equity $ 7,765.2   $ 6,490.6      
[1] Unaudited.