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Comprehensive Income and Equity (Tables)
 3 Months Ended
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