XML 68 R4.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 28, 2019
Sep. 29, 2018
Sep. 28, 2019
Sep. 29, 2018
Income Statement [Abstract]        
Net sales $ 4,825.0 $ 4,891.6 $ 14,992.7 $ 16,206.1
Cost of sales 4,365.7 4,365.3 13,582.0 14,410.3
Selling, general and administrative expenses 141.9 150.3 447.3 462.5
Amortization of intangible assets 16.7 12.7 45.3 38.9
Interest expense 24.0 21.2 69.4 62.8
Other expense, net 9.7 13.2 27.9 11.3
Consolidated income before provision for income taxes and equity in net income of affiliates 267.0 328.9 820.8 1,220.3
Provision for income taxes 33.5 57.6 149.9 233.0
Equity in net income of affiliates (5.1) (3.4) (15.8) (16.6)
Consolidated net income 238.6 274.7 686.7 1,003.9
Less: Net income attributable to noncontrolling interests 22.7 22.2 59.1 66.3
Net income attributable to Lear $ 215.9 $ 252.5 $ 627.6 $ 937.6
Basic net income per share available to Lear common stockholders (Note 14) (in dollars per share) $ 3.59 $ 3.83 $ 10.27 $ 13.90
Diluted net income per share available to Lear common stockholders (Note 14) (in dollars per share) 3.58 3.80 10.23 13.80
Cash dividends declared per share (in dollars per share) $ 0.75 $ 0.70 $ 2.25 $ 2.10
Average common shares outstanding (in shares) 61,133,723 65,372,829 62,042,156 66,256,800
Average diluted shares outstanding (in shares) 61,330,086 65,868,660 62,262,903 66,709,928
Consolidated comprehensive income (Condensed Consolidated Statements of Equity) $ 96.1 $ 236.1 $ 552.7 $ 845.5
Less: Comprehensive income attributable to noncontrolling interests 11.3 11.8 48.6 50.4
Comprehensive income attributable to Lear $ 84.8 $ 224.3 $ 504.1 $ 795.1