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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 02, 2022
Jul. 03, 2021
Jul. 02, 2022
Jul. 03, 2021
Income Statement [Abstract]        
Net sales $ 5,071.0 $ 4,760.7 $ 10,279.4 $ 10,115.1
Cost of sales 4,731.1 4,359.3 9,618.0 9,220.9
Selling, general and administrative expenses 171.2 170.8 348.5 339.7
Amortization of intangible assets 24.6 25.1 40.3 41.6
Interest expense 24.9 22.3 49.8 44.6
Other (income) expense, net 14.4 (46.1) 41.7 (39.8)
Consolidated income before provision for income taxes and equity in net income of affiliates 104.8 229.3 181.1 508.1
Provision for income taxes 23.5 39.3 43.9 98.2
Equity in net income of affiliates (4.3) (4.9) (15.0) (10.8)
Consolidated net income 85.6 194.9 152.2 420.7
Less: Net income attributable to noncontrolling interests 17.1 19.7 34.3 41.8
Net income attributable to Lear $ 68.5 $ 175.2 $ 117.9 $ 378.9
Basic net income per share available to Lear common stockholders (in dollars per share) $ 1.14 $ 2.91 $ 1.97 $ 6.28
Diluted net income per share available to Lear common stockholders (in dollars per share) 1.14 2.89 1.96 6.25
Cash dividends declared per share (in dollars per share) $ 0.77 $ 0.25 $ 1.54 $ 0.50
Average common shares outstanding (in shares) 59,899,061 60,292,000 59,915,636 60,302,398
Average diluted shares outstanding (in shares) 60,095,641 60,611,505 60,153,625 60,585,907
Consolidated comprehensive income (loss) (Condensed Consolidated Statements of Equity) $ (112.8) $ 259.4 $ (38.8) $ 398.8
Less: Comprehensive income attributable to noncontrolling interests 10.3 21.6 27.3 42.6
Comprehensive income (loss) attributable to Lear $ (123.1) $ 237.8 $ (66.1) $ 356.2