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Comprehensive Income and Equity (Tables)
 9 Months Ended
Sep. 29, 2018
Equity [Abstract]  
Summary of Comprehensive Income and Reconciliations of Equity
A summary of comprehensive income and a reconciliation of Lear's redeemable non-controlling interests for the three and nine months ended September 29, 2018, is shown below (in millions):
 
Three Months Ended 
 September 29, 2018
 
Nine Months Ended 
 September 29, 2018
Beginning redeemable noncontrolling interest balance
$
167.5

 
$
153.4

Dividends declared to noncontrolling interest holders
(4.6
)
 
(9.3
)
Redeemable noncontrolling interest adjustment
2.3

 
16.9

Comprehensive income (loss):
 
 
 
Net income
2.5

 
9.8

Foreign currency translation adjustments
(6.1
)
 
(9.2
)
Comprehensive income (loss)
(3.6
)
 
0.6

Ending redeemable noncontrolling interest balance
$
161.6

 
$
161.6

A summary of comprehensive income and reconciliations of equity, Lear Corporation stockholders’ equity and noncontrolling interests for the three and nine months ended September 30, 2017, is shown below (in millions):
 
Three Months Ended September 30, 2017
 
Nine Months Ended September 30, 2017
 
Equity
 
Lear
Corporation
Stockholders'
Equity
 
Non-
controlling
Interests
 
Equity
 
Lear
Corporation
Stockholders'
Equity
 
Non-
controlling
Interests
Beginning equity balance
$
3,756.2

 
$
3,621.9

 
$
134.3

 
$
3,192.9

 
$
3,057.2

 
$
135.7

Stock-based compensation transactions
14.9

 
14.9

 
—

 
8.4

 
8.4

 
—

Repurchase of common stock
(77.9
)
 
(77.9
)
 
—

 
(332.2
)
 
(332.2
)
 
—

Dividends declared to Lear Corporation stockholders
(34.8
)
 
(34.8
)
 
—

 
(105.8
)
 
(105.8
)
 
—

Dividends declared to noncontrolling interest holders
(0.7
)
 
—

 
(0.7
)
 
(33.2
)
 
—

 
(33.2
)
Adoption of ASU 2016-09
—

 
—

 
—

 
54.5

 
54.5

 
—

Redeemable non-controlling interest adjustment
(22.7
)
 
(22.7
)
 
—

 
(22.7
)
 
(22.7
)
 
—

Comprehensive income:

 
 
 
 
 

 
 
 
 
Net income
315.0

 
295.2

 
19.8

 
960.5

 
912.9

 
47.6

Other comprehensive income (loss), net of tax:

 
 
 
 
 

 
 
 
 
Defined benefit plan adjustments
(1.8
)
 
(1.8
)
 
—

 
(3.0
)
 
(3.0
)
 
—

Derivative instruments and hedging activities
(10.8
)
 
(10.8
)
 
—

 
57.2

 
57.2

 
—

Foreign currency translation adjustments
89.9

 
87.1

 
2.8

 
250.7

 
244.6

 
6.1

Other comprehensive income
77.3

 
74.5

 
2.8

 
304.9

 
298.8

 
6.1

Comprehensive income
392.3

 
369.7

 
22.6

 
1,265.4

 
1,211.7

 
53.7

Ending equity balance
$
4,027.3

 
$
3,871.1

 
$
156.2

 
$
4,027.3

 
$
3,871.1

 
$
156.2

A summary of comprehensive income and reconciliations of equity, Lear Corporation stockholders’ equity and noncontrolling interests for the three and nine months ended September 29, 2018, is shown below (in millions):
 
Three Months Ended September 29, 2018
Nine Months Ended September 29, 2018
 
Equity
 
Lear
Corporation
Stockholders'
Equity
 
Non-
controlling
Interests
 
Equity
 
Lear
Corporation
Stockholders'
Equity
 
Non-
controlling
Interests
Beginning equity balance
$
4,427.4

 
$
4,299.9

 
$
127.5

 
$
4,292.6

 
$
4,150.5

 
$
142.1

Stock-based compensation transactions
12.4

 
12.4

 
—

 
(6.3
)
 
(6.3
)
 
—

Repurchase of common stock
(195.0
)
 
(195.0
)
 
—

 
(490.7
)
 
(490.7
)
 
—

Dividends declared to Lear Corporation stockholders
(46.4
)
 
(46.4
)
 
—

 
(141.1
)
 
(141.1
)
 
—

Dividends declared to noncontrolling interest holders
(0.1
)
 
—

 
(0.1
)
 
(59.7
)
 
—

 
(59.7
)
Adoption of ASU 2016-16
(Note 11, "Taxes")
—

 
—

 
—

 
2.3

 
2.3

 
—

Affiliate transaction
(Note 5, "Long-Term Assets")
—

 
—

 
—

 
14.0

 
—

 
14.0

Redeemable non-controlling interest adjustment
(2.3
)
 
(2.3
)
 
—

 
(16.9
)
 
(16.9
)
 
—

Acquisition of outstanding non-controlling interest
—

 
—

 
—

 
(3.4
)
 
—

 
(3.4
)
Comprehensive income:


 
 
 
 
 


 
 
 
 
Net income
272.2

 
252.5

 
19.7

 
994.1

 
937.6

 
56.5

Other comprehensive income (loss), net of tax:


 
 
 
 
 


 
 
 
 
Defined benefit plan adjustments
0.2

 
0.2

 
—

 
5.8

 
5.8

 
—

Derivative instruments and hedging activities
42.4

 
42.4

 
—

 
46.6

 
46.6

 
—

Foreign currency translation adjustments
(75.1
)
 
(70.8
)
 
(4.3
)
 
(201.6
)
 
(194.9
)
 
(6.7
)
Other comprehensive loss
(32.5
)
 
(28.2
)
 
(4.3
)
 
(149.2
)
 
(142.5
)
 
(6.7
)
Comprehensive income
239.7

 
224.3

 
15.4

 
844.9

 
795.1

 
49.8

Ending equity balance
$
4,435.7

 
$
4,292.9

 
$
142.8

 
$
4,435.7

 
$
4,292.9

 
$
142.8
Summary of Changes, Net of Tax, in Accumulated Other Comprehensive Loss
A summary of changes, net of tax, in accumulated other comprehensive loss for the three and nine months ended September 30, 2017, is shown below (in millions):
 
Three Months Ended 
 September 30, 2017
 
Nine Months Ended 
 September 30, 2017
Defined benefit plans:
 
 
 
Balance at beginning of period
$
(194.0
)
 
$
(192.8
)
Reclassification adjustments (net of tax expense of $0.3 million and $1.2 million in the three and nine months ended September 30, 2017, respectively)
0.9

 
3.4

Other comprehensive loss recognized during the period (net of tax impact of $— million)
(2.7
)
 
(6.4
)
Balance at end of period
$
(195.8
)
 
$
(195.8
)
 
 
 
 
Derivative instruments and hedging:
 
 
 
Balance at beginning of period
$
22.9

 
$
(45.1
)
Reclassification adjustments (net of tax benefit of $1.0 million and tax expense of $1.9 million in the three and nine months ended September 30, 2017, respectively)
(3.1
)
 
5.7

Other comprehensive income (loss) recognized during the period (net of tax benefit of $3.2 million and tax expense of $16.6 million in the three and nine months ended September 30, 2017, respectively)
(7.7
)
 
51.5

Balance at end of period
$
12.1

 
$
12.1

 
 
 
 
Foreign currency translation:
 
 
 
Balance at beginning of period
$
(440.2
)
 
$
(597.7
)
Other comprehensive income recognized during the period (net of tax impact of $— million)
87.1

 
244.6

Balance at end of period
$
(353.1
)
 
$
(353.1
)
A summary of changes, net of tax, in accumulated other comprehensive loss for the three and nine months ended September 29, 2018, is shown below (in millions):
 
Three Months Ended 
 September 29, 2018
 
Nine Months Ended 
 September 29, 2018
Defined benefit plans:
 
 
 
Balance at beginning of period
$
(178.4
)
 
$
(184.0
)
Reclassification adjustments (net of tax expense of $0.3 million and $0.9 million in the three and nine months ended September 29, 2018, respectively)
1.2

 
3.6

Other comprehensive income (loss) recognized during the period (net of tax impact of $— million)
(1.0
)
 
2.2

Balance at end of period
$
(178.2
)
 
$
(178.2
)
 
 
 
 
Derivative instruments and hedging:
 
 
 
Balance at beginning of period
$
(18.7
)
 
$
(22.9
)
Reclassification adjustments (net of tax benefit of $1.8 million and $2.7 million in the three and nine months ended September 29, 2018, respectively)
(6.4
)
 
(9.9
)
Other comprehensive income recognized during the period (net of tax expense of $13.4 million and $15.5 million in the three and nine months ended September 29, 2018, respectively)
48.8

 
56.5

Balance at end of period
$
23.7

 
$
23.7

 
 
 
 
Foreign currency translation:
 
 
 
Balance at beginning of period
$
(430.6
)
 
$
(306.5
)
Other comprehensive loss recognized during the period (net of tax benefit of $2.4 million in the three and nine months ended September 29, 2018)
(70.8
)
 
(194.9
)
Balance at end of period
$
(501.4
)
 
$
(501.4
)
Common Stock Repurchase Program
Share repurchases in the first nine months of 2018 are shown below (in millions except for shares and per share amounts):
Nine Months Ended
 
As of
September 29, 2018
 
September 29, 2018
Aggregate Repurchases (1)
 
Cash paid for Repurchases
 
Number of Shares
 
Average Price per Share (2)
 
Remaining Purchase Authorization
$
490.7

 
$
488.1

 
2,697,188
 
$
181.93

 
$
1,014.4

(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):
 
Nine Months Ended
 
September 29, 2018
 
September 30, 2017
Dividends declared
$
141.1

 
$
105.8

Dividends paid
142.1

 
104.4