XML 24 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jul. 04, 2020
 [1]
Dec. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 1,775.5 $ 1,487.7
Accounts receivable 2,354.9 2,982.6
Inventories 1,245.4 1,258.2
Other 673.1 678.2
Total current assets 6,048.9 6,406.7
LONG-TERM ASSETS:    
Property, plant and equipment, net 2,618.3 2,704.2
Goodwill 1,606.1 1,614.3
Other 1,995.7 1,955.5
Total long-term assets 6,220.1 6,274.0
Total assets 12,269.0 12,680.7
CURRENT LIABILITIES:    
Short-term borrowings 7.1 19.2
Revolving credit facility borrowings 1,000.0 0.0
Accounts payable and drafts 1,902.6 2,821.7
Accrued liabilities 1,859.9 1,811.2
Current portion of long-term debt 17.2 14.1
Total current liabilities 4,786.8 4,666.2
LONG-TERM LIABILITIES:    
Long-term debt 2,302.7 2,293.7
Other 1,082.0 1,101.3
Total long-term liabilities 3,384.7 3,395.0
Redeemable noncontrolling interest 114.3 118.4
EQUITY:    
Preferred stock, 100,000,000 shares authorized (including 10,896,250 Series A convertible preferred stock authorized); no shares outstanding 0.0 0.0
Common stock, $0.01 par value, 300,000,000 shares authorized; 64,563,291 shares issued as of July 4, 2020 and December 31, 2019 0.6 0.6
Additional paid-in capital 955.6 969.1
Common stock held in treasury, 4,623,508 and 4,127,806 shares as of July 4, 2020 and December 31, 2019, respectively, at cost (612.6) (563.1)
Retained earnings 4,447.1 4,715.8
Accumulated other comprehensive loss (923.0) (772.7)
Lear Corporation stockholders’ equity 3,867.7 4,349.7
Noncontrolling interests 115.5 151.4
Equity 3,983.2 4,501.1
Total liabilities and equity $ 12,269.0 $ 12,680.7
[1]
Unaudited.