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Net Income Per Share Attributable to Lear (Tables)
9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Summary of Information Used to Compute Basic and Diluted Net Income Per Share
A summary of information used to compute basic and diluted net income per share available to Lear common stockholders is shown below (in millions, except share and per share data):
 
Three Months Ended
 
Nine Months Ended
 
September 30,
2017
 
October 1,
2016
 
September 30,
2017
 
October 1,
2016
Net income attributable to Lear
$
295.2

 
$
214.4

 
$
912.9

 
$
745.2

Less: Redeemable noncontrolling interest adjustment
(22.7
)
 

 
(22.7
)
 

Net income available to Lear common stockholders
$
272.5

 
$
214.4

 
$
890.2

 
$
745.2

 
 
 
 
 
 
 
 
Average common shares outstanding
68,061,718

 
71,259,766

 
68,874,682

 
73,102,327

Dilutive effect of common stock equivalents
772,561

 
792,504

 
662,126

 
706,893

Average diluted shares outstanding
68,834,279

 
72,052,270

 
69,536,808

 
73,809,220

 
 
 
 
 
 
 
 
Basic net income per share available to Lear common stockholders
$
4.00

 
$
3.01

 
$
12.92

 
$
10.19

 
 
 
 
 
 
 
 
Diluted net income per share available to Lear common stockholders
$
3.96

 
$
2.98

 
$
12.80

 
$
10.10