XML 59 R42.htm IDEA: XBRL DOCUMENT
v3.20.4

Segment Reporting (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Segment Reporting [Abstract] |
Summary of Segment Financial Information | A summary of revenues from external customers and other financial information by reportable operating segment is shown below (in millions):
| Year Ended December 31, 2020
| Seating |  | E-Systems |  | Other |  | Consolidated
Revenues from external customers | $ | 12,712.7 |  |  | $ | 4,332.8 |  |  | $ | — |  |  | $ | 17,045.5 |
Segment earnings (1) | 590.5 |  |  | 98.1 |  |  | (234.5) |  |  | 454.1 |
Depreciation and amortization | 348.1 |  |  | 176.6 |  |  | 15.2 |  |  | 539.9 |
Capital expenditures | 257.2 |  |  | 179.3 |  |  | 15.8 |  |  | 452.3 |
Total assets | 7,596.1 |  |  | 3,403.3 |  |  | 2,199.2 |  |  | 13,198.6 |
| Year Ended December 31, 2019
| Seating |  | E-Systems |  | Other |  | Consolidated
Revenues from external customers | $ | 15,097.2 |  |  | $ | 4,713.1 |  |  | $ | — |  |  | $ | 19,810.3 |
Segment earnings (1) | 961.2 |  |  | 366.3 |  |  | (257.3) |  |  | 1,070.2 |
Depreciation and amortization | 331.0 |  |  | 163.0 |  |  | 15.9 |  |  | 509.9 |
Capital expenditures | 370.4 |  |  | 213.9 |  |  | 19.6 |  |  | 603.9 |
Total assets | 7,277.6 |  |  | 3,068.1 |  |  | 2,335.0 |  |  | 12,680.7 |
| Year Ended December 31, 2018
| Seating |  | E-Systems |  | Other |  | Consolidated
Revenues from external customers | $ | 16,021.9 |  |  | $ | 5,126.6 |  |  | $ | — |  |  | $ | 21,148.5 |
Segment earnings (1) | 1,263.6 |  |  | 628.5 |  |  | (238.0) |  |  | 1,654.1 |
Depreciation and amortization | 323.5 |  |  | 146.2 |  |  | 14.7 |  |  | 484.4 |
Capital expenditures | 459.8 |  |  | 208.4 |  |  | 8.8 |  |  | 677.0 |
(1)For a definition of segment earnings, see Note 3 , "Summary of Significant Accounting Policies — Segment Reporting."
Reconciliation of Segment Earnings to Consolidated Income Before Provision for Income Taxes | A reconciliation of segment earnings to consolidated income before provision for income taxes and equity in net income of affiliates is shown below (in millions):
For the year ended December 31, | 2020 |  | 2019 |  | 2018
Segment earnings | $ | 688.6 |  |  | $ | 1,327.5 |  |  | $ | 1,892.1 |
Corporate and regional headquarters and elimination of intercompany activity ("Other") | (234.5) |  |  | (257.3) |  |  | (238.0) |
Consolidated income before interest, other expense, provision for income taxes and equity in net income of affiliates | 454.1 |  |  | 1,070.2 |  |  | 1,654.1 |
Interest expense | 99.6 |  |  | 92.0 |  |  | 84.1 |
Other expense, net | 55.2 |  |  | 24.6 |  |  | 31.6 |
Consolidated income before provision for income taxes and equity in net income of affiliates | $ | 299.3 |  |  | $ | 953.6 |  |  | $ | 1,538.4 |
Revenues From External Customers and Tangible Long-lived Assets by Geographic Area | Revenues from external customers and tangible long-lived assets for each of the geographic areas in which the Company operates is shown below (in millions):
For the year ended December 31, | 2020 |  | 2019 |  | 2018
Revenues from external customers |  |  |  |  |
United States | $ | 3,599.1 |  |  | $ | 3,658.5 |  |  | $ | 3,717.7 |
Mexico | 2,528.4 |  |  | 3,058.6 |  |  | 3,236.9 |
China | 2,592.7 |  |  | 2,579.7 |  |  | 2,781.5 |
Germany | 1,288.3 |  |  | 1,698.7 |  |  | 2,187.2 |
Other countries | 7,037.0 |  |  | 8,814.8 |  |  | 9,225.2 |
Total | $ | 17,045.5 |  |  | $ | 19,810.3 |  |  | $ | 21,148.5 |
December 31, | 2020 |  | 2019
Tangible long-lived assets (1) |  |  |
United States | $ | 534.0 |  |  | $ | 549.8 |
Mexico | 689.9 |  |  | 700.1 |
China | 458.2 |  |  | 450.2 |
Germany | 205.8 |  |  | 204.9 |
Other countries | 1,388.6 |  |  | 1,326.2 |
Total | $ | 3,276.5 |  |  | $ | 3,231.2 |
(1)Tangible long-lived assets include property, plant and equipment and right-of-use assets.
Summary of Percentage of Revenues from Major Customers | The following is a summary of the percentage of revenues from major customers:
For the year ended December 31, | 2020 |  | 2019 |  | 2018
General Motors | 18.7% |  | 18.2% |  | 18.1%
Ford | 13.5% |  | 13.8% |  | 15.6%
Daimler | 11.9% |  | 11.1% |  | 9.9%
Volkswagen | 11.7% |  | 10.9% |  | 9.6%

X
- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer. + References No definition available. + Details
Name: | us-gaap_ScheduleOfRevenueByMajorCustomersByReportingSegmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227 + Details
Name: | us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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