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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Sep. 28, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Net sales $ 5,584.4 $ 5,781.0 $ 17,591.4 $ 17,625.7
Cost of sales 5,179.1 5,362.8 16,339.2 16,320.5
Selling, general and administrative expenses 174.1 182.5 535.9 542.1
Amortization of intangible assets 10.7 15.5 38.5 47.4
Interest expense, net 26.5 25.7 79.5 76.1
Other expense, net 3.4 5.8 24.3 39.0
Consolidated income before provision for income taxes and equity in net income of affiliates 190.6 188.7 574.0 600.6
Provision for income taxes 47.1 47.0 133.8 134.1
Equity in net income of affiliates (12.5) (10.4) (37.1) (36.2)
Consolidated net income 156.0 152.1 477.3 502.7
Less: Net income attributable to noncontrolling interests 20.2 19.2 58.8 57.5
Net income attributable to Lear $ 135.8 $ 132.9 $ 418.5 $ 445.2
Basic net income per share attributable to Lear (in dollars per share) $ 2.42 $ 2.26 $ 7.38 $ 7.54
Diluted net income per share attributable to Lear (in dollars per share) 2.41 2.25 7.33 7.50
Cash dividends declared per share (in dollars per share) $ 0.77 $ 0.77 $ 2.31 $ 2.31
Average common shares outstanding (in shares) 56,038,579 58,766,586 56,737,212 59,072,189
Average diluted shares outstanding (in shares) 56,373,835 59,075,638 57,057,468 59,333,590
Consolidated comprehensive income (Condensed Consolidated Statements of Equity) $ 228.4 $ 4.6 $ 306.1 $ 472.8
Less: Comprehensive income attributable to noncontrolling interests 24.8 18.5 60.4 51.0
Comprehensive income (loss) attributable to Lear $ 203.6 $ (13.9) $ 245.7 $ 421.8