XML 26 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 04, 2020
Jun. 29, 2019
Jul. 04, 2020
Jun. 29, 2019
Income Statement [Abstract]        
Net sales $ 2,444.5 $ 5,007.6 $ 6,902.2 $ 10,167.7
Cost of sales 2,571.9 4,529.4 6,695.4 9,216.3
Selling, general and administrative expenses 150.9 157.1 294.6 305.4
Amortization of intangible assets 16.0 15.9 33.1 28.6
Interest expense 27.2 24.5 51.6 45.4
Other (income) expense, net (3.2) 13.8 37.3 18.2
Consolidated income (loss) before provision (benefit) for income taxes and equity in net income of affiliates (318.3) 266.9 (209.8) 553.8
Provision (benefit) for income taxes (41.0) 73.3 (14.5) 116.4
Equity in net income of affiliates (7.8) (8.4) (9.4) (10.7)
Consolidated net income (loss) (269.5) 202.0 (185.9) 448.1
Less: Net income attributable to noncontrolling interests 24.4 19.2 31.6 36.4
Net income (loss) attributable to Lear $ (293.9) $ 182.8 $ (217.5) $ 411.7
Basic net income (loss) per share available to Lear common stockholders (Note 14) (in dollars per share) $ (4.89) $ 2.92 $ (3.61) $ 6.68
Diluted net income (loss) per share available to Lear common stockholders (Note 14) (in dollars per share) (4.89) 2.92 $ (3.61) 6.66
Cash dividends declared per share (in dollars per share) $ 0 $ 0.75   $ 1.50
Average common shares outstanding (in shares) 60,102,925 62,191,022 60,310,559 62,501,419
Average diluted shares outstanding (in shares) 60,102,925 62,354,334 60,310,559 62,734,494
Consolidated comprehensive income (loss) (Condensed Consolidated Statements of Equity) $ (142.1) $ 208.4 $ (339.9) $ 456.6
Less: Comprehensive income attributable to noncontrolling interests 25.5 12.3 27.9 37.3
Comprehensive income (loss) attributable to Lear $ (167.6) $ 196.1 $ (367.8) $ 419.3