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Quarterly Financial Data (unaudited) | 12 Months Ended
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Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Data (unaudited) | Quarterly Financial Data (unaudited) (In millions, except per share data)
| Thirteen Weeks Ended
| March 31, 2018 |  | June 30, 2018 |  | September 29, 2018 |  | December 31, 2018
Net sales | $ | 5,733.7 |  |  | $ | 5,580.8 |  |  | $ | 4,891.6 |  |  | $ | 4,942.4 |
Gross profit | 631.4 |  |  | 638.1 |  |  | 526.3 |  |  | 522.5 |
Consolidated net income | 374.2 |  |  | 355.0 |  |  | 274.7 |  |  | 242.8 |
Net income attributable to Lear | 353.7 |  |  | 331.4 |  |  | 252.5 |  |  | 212.2 |
Basic net income per share attributable to Lear | 5.19 |  |  | 4.86 |  |  | 3.83 |  |  | 3.42 |
Diluted net income per share attributable to Lear | 5.16 |  |  | 4.83 |  |  | 3.80 |  |  | 3.39 |
In the first quarter of 2018, the Company recognized a gain of $10.0 million related to obtaining control of an affiliate, tax benefits of $35.1 million related to the reversal of valuation allowances on the deferred tax assets of a certain foreign subsidiary, $10.1 million related to share-based compensation and $4.1 million related to restructuring charges and various other items and tax expense of $22.0 million related to an increase in foreign withholding tax on certain undistributed foreign earnings. In the second quarter of 2018, the Company recognized $17.4 million related to favorable litigation settlements. In the third quarter of 2018, the Company recognized tax benefits of $6.9 million related to an adjustment to the 2017 provisional U.S. income tax expense, $7.2 million related to a tax rate change in a foreign subsidiary and $7.5 million related to restructuring charges and various other items. In the fourth quarter of 2018, the Company recognized $15.8 million related to a favorable indirect tax ruling in a foreign jurisdiction, a $5.4 million pension settlement charge related to the Company's Annuity Purchase, a tax benefit of $8.6 million related to restructuring charges and various other items and tax expense of $11.1 million to establish valuation allowances on the deferred tax assets of certain foreign subsidiaries and various other items. For further information, see Note 5, "Investments in Affiliates and Other Related Party Transactions," Note 7, "Income Taxes," and Note 8, "Pension and Other Postretirement Benefit Plans."
| Thirteen Weeks Ended
| April 1, 2017 |  | July 1, 2017 |  | September 30, 2017 |  | December 31, 2017
Net sales | $ | 4,998.5 |  |  | $ | 5,123.2 |  |  | $ | 4,981.5 |  |  | $ | 5,363.8 |
Gross profit | 582.5 |  |  | 577.8 |  |  | 555.9 |  |  | 574.9 |
Consolidated net income | 318.5 |  |  | 327.0 |  |  | 315.0 |  |  | 420.4 |
Net income attributable to Lear | 305.8 |  |  | 311.9 |  |  | 295.2 |  |  | 400.5 |
Basic net income per share attributable to Lear | 4.39 |  |  | 4.53 |  |  | 4.00 |  |  | 5.89 |
Diluted net income per share attributable to Lear | 4.35 |  |  | 4.49 |  |  | 3.96 |  |  | 5.80 |
In the third quarter of 2017, the Company recognized a gain of $54.2 million related to obtaining control of an affiliate and a loss of $21.2 million related to the extinguishment of debt. In the first, second and third quarters of 2017, the Company recognized net tax benefits of $19.1 million, $35.3 million and $14.0 million, respectively, related to share-based compensation, the reversal of valuation allowances, the redemption of senior notes due 2023, restructuring charges and various other items. In the fourth quarter of 2017, the Company recognized net tax benefits of $146.4 million, comprised of $289.7 million of foreign tax credits on repatriated earnings and $30.2 million of other discrete tax benefits, offset by a $131.0 million one-time transition tax on accumulated foreign earnings and $42.5 million of tax expense to reflect the new U.S. corporate tax rate and other tax reform changes to the Company's deferred tax accounts. For further information see, Note 5, "Investments in Affiliates and Other Related Party Transactions," Note 6, "Debt," and Note 7, "Income Taxes."

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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