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Investments in Affiliates and Other Related Party Transactions (Tables) | 12 Months Ended
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Dec. 31, 2019
Equity Method Investments and Joint Ventures [Abstract] |
Beneficial Ownership, Summarized Financial Information, and Amounts Recorded in Consolidated Balance Sheet for Affiliates | The Company’s beneficial ownership in affiliates accounted for under the equity method is shown below:
December 31, | 2019 |  | 2018 |  | 2017
Beijing BHAP Lear Automotive Systems Co., Ltd. (China) | 50% |  | 50% |  | 50%
Jiangxi Jiangling Lear Interior Systems Co., Ltd. (China) | 50 |  | 50 |  | 50
Lear Dongfeng Automotive Seating Co., Ltd. (China) | 50 |  | 50 |  | 50
Guangzhou Lear Automotive Components Co., Ltd. (China) | 50 |  | — |  | —
Changchun Lear FAWSN Automotive Seat Systems Co., Ltd. (China) | 49 |  | 49 |  | 49
Honduras Electrical Distribution Systems S. de R.L. de C.V. (Honduras) | 49 |  | 49 |  | 49
Kyungshin-Lear Sales and Engineering LLC | 49 |  | 49 |  | 49
Beijing Lear Dymos Automotive Systems Co., Ltd. (China) | 40 |  | 40 |  | 40
Techstars Corporate Partner 2017 LLC | 38 |  | — |  | —
Hyundai Transys Lear Automotive Private Limited (India) | 35 |  | 35 |  | 35
RevoLaze, LLC | 20 |  | 20 |  | 20
Trucks Venture Fund 2, L.P. | 19 |  | — |  | —
Maniv Mobility II A, L.P. | 8 |  | — |  | —
Autotech Fund II, L.P. | 6 |  | — |  | —
Dong Kwang Lear Yuhan Hoesa (Korea) | — |  | 50 |  | 50
Industrias Cousin Freres, S.L. (Spain) | — |  | — |  | 50
Changchun Lear FAWSN Automotive Electrical and Electronics Co., Ltd. (China) | — |  | — |  | 49
eLumigen, LLC | — |  | — |  | 46
HB Polymer Company, LLC | — |  | — |  | 10
Summarized group financial information for affiliates accounted for under the equity method as of December 31, 2019 and 2018, and for the years ended December 31, 2019, 2018 and 2017, is shown below (unaudited; in millions):
December 31, | 2019 |  | 2018
Balance sheet data: |  |  |
Current assets | $ | 856.3 |  |  | $ | 753.8 |
Non-current assets | 173.9 |  |  | 180.8 |
Current liabilities | 739.5 |  |  | 679.3 |
Non-current liabilities | 6.6 |  |  | 6.3 |
For the year ended December 31, | 2019 |  | 2018 |  | 2017
Income statement data: |  |  |  |  |
Net sales | $ | 1,670.0 |  |  | $ | 1,520.2 |  |  | $ | 2,000.4 |
Gross profit | 89.2 |  |  | 75.9 |  |  | 172.8 |
Income before provision for income taxes | 85.7 |  |  | 60.0 |  |  | 169.6 |
Net income attributable to affiliates | 53.5 |  |  | 42.2 |  |  | 117.8 |
A summary of amounts recorded in the Company's consolidated balance sheets related to its affiliates is shown below (in millions):
December 31, | 2019 |  | 2018
Aggregate investment in affiliates | $ | 119.5 |  |  | $ | 108.2 |
Receivables due from affiliates (including notes and advances) | 170.5 |  |  | 141.1 |
Payables due to affiliates | 0.1 |  |  | 0.2 |
Summary of Transaction with Affiliates and Other Related Parties | A summary of transactions with affiliates accounted for under the equity method and other related parties is shown below (in millions):
For the year ended December 31, | 2019 |  | 2018 |  | 2017
Sales to affiliates | $ | 647.2 |  |  | $ | 603.0 |  |  | $ | 499.9 |
Purchases from affiliates | 1.6 |  |  | 2.0 |  |  | 9.5 |
Management and other fees for services provided to affiliates | 35.5 |  |  | 29.6 |  |  | 26.6 |
Dividends received from affiliates | 23.3 |  |  | 39.0 |  |  | 33.0 |
Summary of Fair Value of Assets Acquired and Liabilities Assumed | The purchase price and allocation are shown below (in millions):
Net purchase price |  | $ | 292.4 |
Property, plant and equipment |  | $ | 79.2 |
Other assets purchased and liabilities assumed, net |  | (31.5 | )
Goodwill |  | 123.3 |
Intangible assets |  | 121.4 |
Purchase price allocation |  | $ | 292.4 |
The purchase price and preliminary allocation are shown below (in millions):
| June 29, 2019 | Adjustments | December 31, 2019
Net purchase price | $ | 320.9 |  | $ | 0.8 |  | $ | 321.7 |
Other assets purchased and liabilities assumed, net | $ | 1.2 |  | $ | 8.3 |  | $ | 9.5 |
Goodwill | 197.5 |  | 21.5 |  | 219.0 |
Intangible assets | 122.2 |  | (29.0 | ) | 93.2 |
Preliminary purchase price allocation | $ | 320.9 |  | $ | 0.8 |  | $ | 321.7 |
A summary of the fair value of the assets acquired and liabilities assumed in conjunction with the transaction is shown below (in millions):
Property, plant and equipment | $ | 11.0 |
Other assets and liabilities assumed, net | 5.7 |
Goodwill | 22.4 |
Intangible assets | 7.5 |
| $ | 46.6 |
A summary of the fair value of the assets acquired and liabilities assumed in conjunction with the transaction is shown below (in millions):
Property, plant and equipment | $ | 16.2 |
Other assets and liabilities assumed, net | 42.7 |
Goodwill | 94.1 |
Intangible assets | 66.0 |
| $ | 219.0 |

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=116869197&loc=d3e4845-128472 + Details
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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
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