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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 01, 2022
Oct. 02, 2021
Income Statement [Abstract]        
Net sales $ 5,241.2 $ 4,268.2 $ 15,520.6 $ 14,383.3
Cost of sales 4,864.3 4,041.5 14,482.3 13,262.4
Selling, general and administrative expenses 163.9 163.3 512.4 503.0
Amortization of intangible assets 15.2 15.8 55.5 57.4
Interest expense 24.8 22.6 74.6 67.2
Other (income) expense, net 18.1 11.1 59.8 (28.7)
Consolidated income before provision for income taxes and equity in net (income) loss of affiliates 154.9 13.9 336.0 522.0
Provision for income taxes 41.7 20.9 85.6 119.1
Equity in net (income) loss of affiliates (6.0) 1.7 (21.0) (9.1)
Consolidated net income (loss) 119.2 (8.7) 271.4 412.0
Less: Net income attributable to noncontrolling interests 26.9 17.8 61.2 59.6
Net income (loss) attributable to Lear $ 92.3 $ (26.5) $ 210.2 $ 352.4
Basic net income (loss) per share attributable to Lear (in dollars per share) $ 1.55 $ (0.44) $ 3.52 $ 5.86
Diluted net income (loss) per share attributable to Lear (in dollars per share) 1.54 (0.44) 3.50 5.83
Cash dividends declared per share (in dollars per share) $ 0.77 $ 0.50 $ 2.31 $ 1.00
Average common shares outstanding (in shares) 59,551,765 59,906,531 59,794,788 60,171,402
Average diluted shares outstanding (in shares) 59,785,860 59,906,531 60,031,484 60,463,401
Consolidated comprehensive income (loss) (Condensed Consolidated Statements of Equity) $ (57.2) $ (83.0) $ (96.0) $ 315.8
Less: Comprehensive income attributable to noncontrolling interests 19.3 18.3 46.6 60.9
Comprehensive income (loss) attributable to Lear $ (76.5) $ (101.3) $ (142.6) $ 254.9