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Quarterly Financial Data (unaudited) | 12 Months Ended
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Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Data (unaudited) | Quarterly Financial Data (unaudited) (In millions, except per share data)
| Thirteen Weeks Ended
| March 30, 2019 |  | June 29, 2019 |  | September 28, 2019 |  | December 31, 2019
Net sales | $ | 5,160.1 |  |  | $ | 5,007.6 |  |  | $ | 4,825.0 |  |  | $ | 4,817.6 |
Gross profit | 473.2 |  |  | 478.2 |  |  | 459.3 |  |  | 326.8 |
Consolidated net income | 246.1 |  |  | 202.0 |  |  | 238.6 |  |  | 144.0 |
Net income attributable to Lear | 228.9 |  |  | 182.8 |  |  | 215.9 |  |  | 126.0 |
Basic net income per share attributable to Lear | 3.75 |  |  | 2.92 |  |  | 3.59 |  |  | 2.51 |
Diluted net income per share attributable to Lear | 3.73 |  |  | 2.92 |  |  | 3.58 |  |  | 2.50 |
In the first quarter of 2019, the Company recognized tax benefits of $18.4 million related to changes in the tax status of certain affiliates, $3.2 million related to share-based compensation and $15.6 million related to restructuring charges and various other items. In the second quarter of 2019, the Company recognized tax benefits of $11.0 million related to restructuring charges and various other items, offset by tax expense of $10.4 million related to the establishment of a valuation allowance on the deferred tax assets of a foreign subsidiary. The Company also recognized a loss of $10.6 million related to the extinguishment of debt. In the third quarter of 2019, the Company recognized tax benefits of $28.6 million related to research and development tax credits and $9.1 million related to restructuring charges and various other items. The Company also recognized a gain of $4.0 million related to the deconsolidation of an affiliate. In the fourth quarter of 2019, the Company recognized tax benefits of $14.1 million related to the U.S. tax impact of the foreign tax credit regulations and $32.2 million related to restructuring charges and various other items. The Company also recognized curtailment gains of $12.9 million related to certain foreign pension and postretirement benefit plans and an impairment charge of $5.0 million related to an investment. For further information, see Note 5, "Investments in Affiliates and Other Related Party Transactions," Note 6, "Debt," Note 8, "Income Taxes," and Note 9, "Pension and Other Postretirement Benefit Plans."
| 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 8, "Income Taxes," and Note 9, "Pension and Other Postretirement Benefit Plans ."

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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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