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Comprehensive Income and Equity (Tables) | 3 Months Ended
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Mar. 31, 2018
Equity [Abstract] |
Summary of Comprehensive Income and Reconciliations of Equity | A summary of comprehensive income and reconciliations of equity, Lear Corporation stockholders’ equity and noncontrolling interests for the three months ended March 31, 2018, is shown below (in millions):
| Three Months Ended March 31, 2018
| Equity |  | Lear Corporation Stockholders' Equity |  | Non- controlling Interests
Beginning equity balance | $ | 4,292.6 |  |  | $ | 4,150.5 |  |  | $ | 142.1 |
Stock-based compensation transactions | (31.2 | ) |  | (31.2 | ) |  | — |
Repurchase of common stock | (155.4 | ) |  | (155.4 | ) |  | — |
Dividends declared to Lear Corporation stockholders | (47.7 | ) |  | (47.7 | ) |  | — |
Dividends declared to noncontrolling interest holders | (19.7 | ) |  | — |  |  | (19.7 | )
Adoption of ASU 2016-16 (Note 11, "Taxes") | 2.3 |  |  | 2.3 |  |  | — |
Affiliate transaction | 14.0 |  |  | — |  |  | 14.0 |
Redeemable non-controlling interest adjustment | (5.4 | ) |  | (5.4 | ) |  | — |
Acquisition of outstanding non-controlling interest | (3.4 | ) |  | — |  |  | (3.4 | )
Comprehensive income: |  |  |  |  |  |
Net income | 370.7 |  |  | 353.7 |  |  | 17.0 |
Other comprehensive income, net of tax: |  |  |  |  |  |
Defined benefit plan adjustments | 2.3 |  |  | 2.3 |  |  | — |
Derivative instruments and hedging activities | 37.4 |  |  | 37.4 |  |  | — |
Foreign currency translation adjustments | 98.1 |  |  | 92.9 |  |  | 5.2 |
Other comprehensive income | 137.8 |  |  | 132.6 |  |  | 5.2 |
Comprehensive income | 508.5 |  |  | 486.3 |  |  | 22.2 |
Ending equity balance | $ | 4,554.6 |  |  | $ | 4,399.4 |  |  | $ | 155.2 |
A summary of comprehensive income and reconciliations of equity, Lear Corporation stockholders’ equity and noncontrolling interests for the three months ended April 1, 2017, is shown below (in millions):
| Three Months Ended April 1, 2017
| Equity |  | Lear Corporation Stockholders' Equity |  | Non- controlling Interests
Beginning equity balance | $ | 3,192.9 |  |  | $ | 3,057.2 |  |  | $ | 135.7 |
Stock-based compensation transactions | (25.8 | ) |  | (25.8 | ) |  | — |
Repurchase of common stock | (127.5 | ) |  | (127.5 | ) |  | — |
Dividends declared to Lear Corporation stockholders | (35.7 | ) |  | (35.7 | ) |  | — |
Dividends declared to noncontrolling interest holders | (17.0 | ) |  | — |  |  | (17.0 | )
Adoption of ASU 2016-09 | 54.5 |  |  | 54.5 |  |  | — |
Comprehensive income: |  |  |  |  |
Net income | 318.5 |  |  | 305.8 |  |  | 12.7 |
Other comprehensive income, net of tax: |  |  |  |  |
Defined benefit plan adjustments | 0.7 |  |  | 0.7 |  |  | — |
Derivative instruments and hedging activities | 52.1 |  |  | 52.1 |  |  | — |
Foreign currency translation adjustments | 50.8 |  |  | 49.7 |  |  | 1.1 |
Other comprehensive income | 103.6 |  |  | 102.5 |  |  | 1.1 |
Comprehensive income | 422.1 |  |  | 408.3 |  |  | 13.8 |
Ending equity balance | $ | 3,463.5 |  |  | $ | 3,331.0 |  |  | $ | 132.5 |
A summary of comprehensive income and a reconciliation of Lear's redeemable non-controlling interests for the three months ended March 31, 2018, is shown below (in millions):
| Three Months Ended March 31, 2018
Beginning redeemable noncontrolling interest balance | $ | 153.4 |
Redeemable noncontrolling interest adjustment | 5.4 |
Comprehensive income: |
Net income | 3.5 |
Foreign currency translation adjustments | 8.0 |
Comprehensive income | 11.5 |
Ending redeemable noncontrolling interest balance | $ | 170.3 |
Summary of Changes in Accumulated Other Comprehensive Income (Loss), Net of Tax | A summary of changes, net of tax, in accumulated other comprehensive loss for the three months ended April 1, 2017, is shown below (in millions):
| Three Months Ended April 1, 2017
Defined benefit plans: |
Balance at beginning of period | $ | (192.8 | )
Reclassification adjustments (net of tax expense of $0.5 million) | 1.7 |
Other comprehensive loss recognized during the period (net of tax impact of $— million) | (1.0 | )
Balance at end of period | $ | (192.1 | )
Derivative instruments and hedging: |
Balance at beginning of period | $ | (45.1 | )
Reclassification adjustments (net of tax expense of $3.0 million) | 8.8 |
Other comprehensive income recognized during the period (net of tax expense of $14.7 million) | 43.3 |
Balance at end of period | $ | 7.0 |
Foreign currency translation: |
Balance at beginning of period | $ | (597.7 | )
Other comprehensive income recognized during the period (net of tax impact of $— million) | 49.7 |
Balance at end of period | $ | (548.0 | )
A summary of changes, net of tax, in accumulated other comprehensive loss for the three months ended March 31, 2018, is shown below (in millions):
| Three Months Ended March 31, 2018
Defined benefit plans: |
Balance at beginning of period | $ | (184.0 | )
Reclassification adjustments (net of tax expense of $0.3 million) | 1.3 |
Other comprehensive income recognized during the period (net of tax impact of $— million) | 1.0 |
Balance at end of period | $ | (181.7 | )
Derivative instruments and hedging: |
Balance at beginning of period | $ | (22.9 | )
Reclassification adjustments (net of tax benefit of $0.7 million) | (2.4 | )
Other comprehensive income recognized during the period (net of tax expense of $11.0 million) | 39.8 |
Balance at end of period | $ | 14.5 |
Foreign currency translation: |
Balance at beginning of period | $ | (306.5 | )
Other comprehensive income recognized during the period (net of tax impact of $— million) | 92.9 |
Balance at end of period | $ | (213.6 | )
Common Stock Repurchase Program | Share repurchases in the first three months of 2018 are shown below (in millions except for shares and per share amounts):
Three Months Ended March 31, 2018 |  | As of March 31, 2018
Aggregate Repurchases (1) |  | Cash paid for Repurchases |  | Number of Shares |  | Average Price per Share (2) |  | Remaining Purchase Authorization
$ | 155.4 |  |  | $ | 145.4 |  |  | 829,360 |  | $ | 187.41 |  |  | $ | 1,349.6 |
(1) Includes $5.1 million of purchases prior to the increased authorization (2) Excludes commissions
Dividends Declared and Paid | Dividends declared and paid are shown below (in millions):
| Three Months Ended
| March 31, 2018 |  | April 1, 2017
Dividends declared | $ | 47.7 |  |  | $ | 35.7 |
Dividends paid | 50.7 |  |  | 36.7 |

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