XML 51 R34.htm IDEA: XBRL DOCUMENT
v3.20.4

Debt (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Debt Disclosure [Abstract] |
Summary of Long-Term Debt and Related Weighted Average Interest Rates | A summary of long-term debt, net of unamortized debt issuance costs and unamortized original issue premium (discount) and the related weighted average interest rates is shown below (in millions):
December 31, | 2020
Debt Instrument | Long-Term Debt |  | Unamortized Debt Issuance Costs |  | Unamortized Original Issue Premium (Discount) |  | Long-Term Debt, Net |  | Weighted Average Interest Rate
Credit Agreement — Term Loan Facility | $ | 220.3 |  |  | $ | (0.6) |  |  | $ | — |  |  | $ | 219.7 |  |  | 1.36%
3.8% Senior Notes due 2027 (the "2027 Notes") | 750.0 |  |  | (4.1) |  |  | (3.5) |  |  | 742.4 |  |  | 3.885%
4.25% Senior Notes due 2029 (the "2029 Notes") | 375.0 |  |  | (2.6) |  |  | (1.0) |  |  | 371.4 |  |  | 4.288%
3.5% Senior Notes due 2030 (the "2030 Notes") | 350.0 |  |  | (2.6) |  |  | (0.7) |  |  | 346.7 |  |  | 3.525%
5.25% Senior Notes due 2049 (the "2049 Notes") | 625.0 |  |  | (6.3) |  |  | 14.2 |  |  | 632.9 |  |  | 5.103%
Other | 1.4 |  |  | — |  |  | — |  |  | 1.4 |  |  | N/A
| $ | 2,321.7 |  |  | $ | (16.2) |  |  | $ | 9.0 |  |  | 2,314.5 |  |  |
Less — Current portion |  |  |  |  |  |  | (14.2) |  |  |
Long-term debt |  |  |  |  |  |  | $ | 2,300.3 |  |  |
December 31, | 2019
Debt Instrument | Long-Term Debt |  | Unamortized Debt Issuance Costs |  | Unamortized Original Issue Discount |  | Long-Term Debt, Net |  | Weighted Average Interest Rate
Credit Agreement — Term Loan Facility | $ | 234.4 |  |  | $ | (1.0) |  |  | $ | — |  |  | $ | 233.4 |  |  | 2.880%
5.25% Senior Notes due 2025 (the "2025 Notes") | 650.0 |  |  | (4.2) |  |  | — |  |  | 645.8 |  |  | 5.250%
2027 Notes | 750.0 |  |  | (4.7) |  |  | (4.1) |  |  | 741.2 |  |  | 3.885%
2029 Notes | 375.0 |  |  | (2.9) |  |  | (1.1) |  |  | 371.0 |  |  | 4.288%
2049 Notes | 325.0 |  |  | (3.3) |  |  | (5.3) |  |  | 316.4 |  |  | 5.363%
| $ | 2,334.4 |  |  | $ | (16.1) |  |  | $ | (10.5) |  |  | 2,307.8 |  |  |
Less — Current portion |  |  |  |  |  |  | (14.1) |  |  |
Long-term debt |  |  |  |  |  |  | $ | 2,293.7 |  |  |
Senior Notes The issuance, maturity and interest payment dates of the Company's senior unsecured 2027 Notes, 2029 Notes, 2030 Notes and 2049 Notes (collectively, the "Notes") are as shown below:
Note | Issuance Date |  | Maturity Date |  | Interest Payment Dates
2027 Notes | August 2017 |  | September 15, 2027 |  | March 15 and September 15
2029 Notes | May 2019 |  | May 15, 2029 |  | May 15 and November 15
2030 Notes | February 2020 |  | May 30, 2030 |  | May 30 and November 30
2049 Notes | May 2019 and February 2020 |  | May 15, 2049 |  | May 15 and November 15
Credit Agreement Interest Rate Ranges | As of December 31, 2020, the ranges and rates are as follows (in percentages):
|  | Eurocurrency Rate |  | Base Rate
|  | Minimum |  | Maximum |  | Rate as of December 31, 2020 |  | Minimum |  | Maximum |  | Rate as of December 31, 2020
Revolving Credit Facility |  | 1.00 | % |  | 1.60 | % |  | 1.10 | % |  | 0.00 | % |  | 0.60 | % |  | 0.10 | %
Term Loan Facility |  | 1.125 | % |  | 1.90 | % |  | 1.25 | % |  | 0.125 | % |  | 0.90 | % |  | 0.25 | %
Schedule of Maturities of Long-term Debt | As of December 31, 2020, scheduled maturities related to the Credit Agreement — Term Loan Facility for the five succeeding years are shown below (in millions):
2021 | $ | 14.1 |
2022 | 206.2 |
2023 | — |
2024 | — |
2025 | — |

X
- Definition Schedule Of Long-Term Debt Instruments, Interest Rates [Table Text Block] + References No definition available. + Details
Name: | lear_ScheduleOfLongTermDebtInstrumentsInterestRatesTableTextBlock
Namespace Prefix: | lear_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28541-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28551-108399 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration