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Segment Reporting (Tables)

6 Months Ended

Jul. 02, 2022

Segment Reporting [Abstract]

Summary of Revenues from External Customers and Other Financial Information by Reportable Operating Segment

A summary of revenues from external customers and other financial information by reportable operating segment is shown below (in millions):

			Three Months Ended July 2, 2022
			Seating						E-Systems						Other						Consolidated
Revenues from external customers			$	3,874.1					$	1,196.9					$	—					$	5,071.0
Segment earnings (1)			213.9						2.0						(71.8)						144.1
Depreciation and amortization			93.5						53.4						4.7						151.6
Capital expenditures			105.8						60.0						6.4						172.2
Total assets			7,987.2						3,530.9						1,827.3						13,345.4

			Three Months Ended July 3, 2021
			Seating						E-Systems						Other						Consolidated
Revenues from external customers			$	3,608.2					$	1,152.5					$	—					$	4,760.7
Segment earnings (1)			252.2						26.6						(73.3)						205.5
Depreciation and amortization			90.1						56.3						3.8						150.2
Capital expenditures			83.5						51.8						4.7						140.0
Total assets			7,528.6						3,466.6						2,268.5						13,263.7

			Six Months Ended July 2, 2022
			Seating						E-Systems						Other						Consolidated
Revenues from external customers			$	7,786.6					$	2,492.8					$	—					$	10,279.4
Segment earnings (1)			414.0						17.9						(159.3)						272.6
Depreciation and amortization			186.3						99.6						9.1						295.0
Capital expenditures			182.9						106.1						13.5						302.5

			Six Months Ended July 3, 2021
			Seating						E-Systems						Other						Consolidated
Revenues from external customers			$	7,604.2					$	2,510.9					$	—					$	10,115.1
Segment earnings (1)			544.2						115.9						(147.2)						512.9
Depreciation and amortization			180.5						102.9						7.6						291.0
Capital expenditures			146.5						95.0						11.4						252.9

(1) See definition above

Reconciliation of Segment Earnings to Consolidated Income (Loss) Before Provision (Benefit) for Income Taxes and Equity

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):

			Three Months Ended												Six Months Ended
			July 2, 2022						July 3, 2021						July 2, 2022						July 3, 2021
Segment earnings			$	144.1					$	205.5					$	272.6					$	512.9
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

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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

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- 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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

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