XML 17 R5.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-In Capital
Common Stock Held in Treasury
Retained Earnings
Accumulated Other Comprehensive Loss, Net of Tax
Lear Corporation Stockholders' Equity
Non-controlling Interests
Redeemable Non-controlling Interests
Cumulative Effect, Period of Adoption, Adjustment
Cumulative Effect, Period of Adoption, Adjustment
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Lear Corporation Stockholders' Equity
Balance at beginning of period at Dec. 31, 2019 $ 4,501.1 $ 0.6 $ 969.1 $ (563.1) $ 4,715.8 $ (772.7) $ 4,349.7 $ 151.4   $ (0.8) $ (0.8) $ (0.8)
Comprehensive income (loss):                        
Net income (loss) 14.4       (43.1)   (43.1) 57.5        
Other comprehensive income (loss) (63.4)         (67.0) (67.0) 3.6        
Total comprehensive income (loss) (49.0)       (43.1) (67.0) (110.1) 61.1        
Stock-based compensation 25.5   25.5       25.5          
Net issuance of shares held in treasury in settlement of stock-based compensation (13.6)   (37.1) 26.8 (3.3)   (13.6)          
Repurchase of shares of common stock (70.0)     (70.0)     (70.0)          
Dividends declared to Lear Corporation stockholders (46.8)       (46.8)   (46.8)          
Dividends declared to noncontrolling interest holders (69.2)   0.0 0.0 0.0     (69.2)        
Redeemable noncontrolling interest adjustment (1.1)       (1.1)   (1.1)          
Balance at end of period at Oct. 03, 2020 4,276.1 0.6 957.5 (606.3) 4,620.7 (839.7) 4,132.8 143.3        
Balance at beginning of year at Dec. 31, 2019                 $ 118.4      
Comprehensive income (loss):                        
Net income (loss)                 (3.2)      
Other comprehensive income (loss)                 3.0      
Total comprehensive income (loss)                 (0.2)      
Redeemable noncontrolling interest adjustment                 1.1      
Balance at end of year at Oct. 03, 2020                 119.3      
Balance at beginning of period at Jul. 04, 2020 3,983.2 0.6 955.6 (612.6) 4,447.1 (923.0) 3,867.7 115.5        
Comprehensive income (loss):                        
Net income (loss) 196.8       174.4   174.4 22.4        
Other comprehensive income (loss) 88.9         83.3 83.3 5.6        
Total comprehensive income (loss) 285.7       174.4 83.3 257.7 28.0        
Stock-based compensation 9.1   9.1       9.1          
Net issuance of shares held in treasury in settlement of stock-based compensation (1.7)   (7.2) 6.3 (0.8)   (1.7)          
Dividends declared to noncontrolling interest holders (0.2)   0.0 0.0 0.0     (0.2)        
Balance at end of period at Oct. 03, 2020 4,276.1 0.6 957.5 (606.3) 4,620.7 (839.7) 4,132.8 143.3        
Balance at beginning of year at Jul. 04, 2020                 114.3      
Comprehensive income (loss):                        
Net income (loss)                 0.3      
Other comprehensive income (loss)                 4.7      
Total comprehensive income (loss)                 5.0      
Balance at end of year at Oct. 03, 2020                 $ 119.3      
Balance at beginning of period at Dec. 31, 2020 4,614.9 0.6 963.6 (598.6) 4,806.8 (705.1) 4,467.3 147.6        
Comprehensive income (loss):                        
Net income (loss) 412.0       352.4   352.4 59.6        
Other comprehensive income (loss) (96.2)         (97.5) (97.5) 1.3        
Total comprehensive income (loss) 315.8       352.4 (97.5) 254.9 60.9        
Stock-based compensation 45.5   45.5       45.5          
Net issuance of shares held in treasury in settlement of stock-based compensation (12.5)   (30.8) 18.3     (12.5)          
Repurchase of shares of common stock (100.3)     (100.3)     (100.3)          
Dividends declared to Lear Corporation stockholders (61.1)       (61.1)   (61.1)          
Dividends declared to noncontrolling interest holders (81.0)   0.0 0.0 0.0     (81.0)        
Affiliate transaction 36.2   28.6       28.6 7.6        
Balance at end of period at Oct. 02, 2021 4,757.5 [1] 0.6 1,006.9 (680.6) 5,098.1 (802.6) 4,622.4 135.1        
Balance at beginning of period at Jul. 03, 2021 4,892.1 0.6 973.6 (618.6) 5,155.1 (727.8) 4,782.9 109.2        
Comprehensive income (loss):                        
Net income (loss) (8.7)       (26.5)   (26.5) 17.8        
Other comprehensive income (loss) (74.3)         (74.8) (74.8) 0.5        
Total comprehensive income (loss) (83.0)       (26.5) (74.8) (101.3) 18.3        
Stock-based compensation 15.6   15.6       15.6          
Net issuance of shares held in treasury in settlement of stock-based compensation (3.8)   (10.9) 7.1     (3.8)          
Repurchase of shares of common stock (69.1)     (69.1)     (69.1)          
Dividends declared to Lear Corporation stockholders (30.5)       (30.5)   (30.5)          
Dividends declared to noncontrolling interest holders 0.0   0.0 0.0 0.0     0.0        
Affiliate transaction 36.2   28.6       28.6 7.6        
Balance at end of period at Oct. 02, 2021 $ 4,757.5 [1] $ 0.6 $ 1,006.9 $ (680.6) $ 5,098.1 $ (802.6) $ 4,622.4 $ 135.1        
[1] Unaudited.