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Investments in Affiliates and Other Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2022

Equity Method Investments and Joint Ventures [Abstract]

Beneficial Ownership, Summarized Financial Information, and Amounts Recorded in Consolidated Balance Sheet for Affiliates

The Company's beneficial ownership in affiliates accounted for under the equity method is shown below:

December 31,			2022						2021						2020
Beijing BHAP Lear Automotive Systems Co., Ltd. (China)			50%						50%						50%
Guangzhou Lear Automotive Components Co., Ltd. (China)			50						50						50
Jiangxi Jiangling Lear Interior Systems Co., Ltd. (China)			50						50						50
Lear Dongfeng Automotive Seating Co., Ltd. (China)			50						50						50
Beijing Lear Hyundai Transys Co., Ltd. (China)			50						40						40
Changchun Lear FAWSN Automotive Seat Systems Co., Ltd. (China)			49						49						49
Honduras Electrical Distribution Systems S. de R.L. de C.V. (Honduras)			49						49						49
Kyungshin-Lear Sales and Engineering LLC			49						49						49
Shenyang Jinbei Lear Automotive Seating Co. Ltd. (China)			49						49						—
Shenzen Shinry Lear Electric Control Technology Co., Ltd. (China)			49						—						—
Hyundai Transys Lear Automotive Private Limited (India)			35						35						35
Techstars Corporate Partner 2017 LLC			34						34						34
RevoLaze, LLC			20						20						20
Maniv Mobility II A, L.P.			7						7						9
Trucks Venture Fund 2, L.P.			7						5						3
Autotech Fund II, L.P.			3						4						4

Summarized group financial information for affiliates accounted for under the equity method as of December 31, 2022 and 2021, and for the years ended December 31, 2022, 2021 and 2020, is shown below (unaudited; in millions):

December 31,			2022						2021
Balance sheet data:
Current assets			$	1,335.9					$	1,217.5
Non-current assets			235.0						239.5
Current liabilities			1,009.2						921.7
Non-current liabilities			8.4						6.7

For the year ended December 31,			2022						2021						2020
Income statement data:
Net sales			$	2,447.6					$	1,833.6					$	1,597.5
Gross profit			106.1						50.1						83.0
Income before provision for income taxes			102.8						104.5						73.8
Net income attributable to affiliates			64.4						80.5						44.8

A summary of amounts recorded in the Company's consolidated balance sheets related to its affiliates is shown below (in millions):

December 31,			2022						2021
Aggregate investment in affiliates			$	196.7					$	184.7
Receivables due from affiliates (including notes and advances)			182.5						143.0
Payables due to affiliates			0.7						0.7

Summary of Transaction With Affiliates and Other Related Parties

A summary of transactions with affiliates accounted for under the equity method and other related parties is shown below (in millions):

For the year ended December 31,			2022						2021						2020
Sales to affiliates			$	783.0					$	676.6					$	656.4
Purchases from affiliates			9.0						4.4						1.9
Management and other fees for services provided to affiliates			32.6						38.5						28.3
Dividends received from affiliates			21.1						26.8						24.6

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- References

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- Definition

Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

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Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates.

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