XML 17 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2018
Jul. 01, 2017
Jun. 30, 2018
Jul. 01, 2017
Income Statement [Abstract]        
Net sales $ 5,580.8 $ 5,123.2 $ 11,314.5 $ 10,121.7
Cost of sales 4,942.7 4,545.4 10,045.0 8,961.4
Selling, general and administrative expenses 156.8 157.2 312.2 312.9
Amortization of intangible assets 13.1 11.5 26.2 21.6
Interest expense 20.9 21.4 41.6 42.2
Other (income) expense, net 3.7 5.8 (1.9) 9.5
Consolidated income before provision for income taxes and equity in net income of affiliates 443.6 381.9 891.4 774.1
Provision for income taxes 97.7 73.3 175.4 162.4
Equity in net income of affiliates (9.1) (18.4) (13.2) (33.8)
Consolidated net income 355.0 327.0 729.2 645.5
Less: Net income attributable to noncontrolling interests 23.6 15.1 44.1 27.8
Net income attributable to Lear $ 331.4 $ 311.9 $ 685.1 $ 617.7
Basic net income per share available to Lear common stockholders (in dollars per share) $ 4.86 $ 4.53 $ 10.05 $ 8.92
Diluted net income per share available to Lear common stockholders (in dollars per share) 4.83 4.49 9.99 8.84
Cash dividends declared per share (in dollars per share) $ 0.70 $ 0.50 $ 1.40 $ 1.00
Average common shares outstanding (in shares) 66,320,362 68,903,958 66,701,228 69,281,163
Average diluted shares outstanding (in shares) 66,708,040 69,448,798 67,132,886 69,888,073
Consolidated comprehensive income $ 89.4 $ 451.0 $ 609.4 $ 873.1
Less: Comprehensive income attributable to noncontrolling interests 4.9 17.3 38.6 31.1
Comprehensive income attributable to Lear $ 84.5 $ 433.7 $ 570.8 $ 842.0