XML 57 R43.htm IDEA: XBRL DOCUMENT v3.25.1

Segment Reporting (Tables)

3 Months Ended

Mar. 29, 2025

Segment Reporting [Abstract]

Schedule of Reconciliation of Segment Earnings to Consolidated Income Before Provision 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 March 29, 2025
			Seating						E-Systems						Other						Consolidated
Revenues from external customers			$	4,151.1					$	1,409.2					$	—					$	5,560.3
Intersegment revenues (1)			1.2						63.4						(64.6)						—
Less (2):
Cost of sales			3,845.9						1,377.4						(22.2)						5,201.1
Gross margin			306.4						95.2						(42.4)						359.2
Selling, general and administrative			85.5						35.5						51.4						172.4
Amortization of intangibles			3.4						1.8						—						5.2
Intersegment support activities			1.8						2.4						(4.2)						—
Segment earnings (3)			$	215.7					$	55.5					$	(89.6)					181.6
Reconciliation of segment earnings:
Interest expense, net																					25.8
Other expense, net																					20.4
Consolidated income before provision for income taxes and equity in net income of affiliates																					$	135.4

			Three Months Ended March 30, 2024
			Seating						E-Systems						Other						Consolidated
Revenues from external customers			$	4,477.6					$	1,517.0					$	—					$	5,994.6
Intersegment revenues (1)			0.7						57.6						(58.3)						—
Less (2):
Cost of sales			4,138.5						1,471.0						(13.0)						5,596.5
Gross margin			339.8						103.6						(45.3)						398.1
Selling, general and administrative			87.0						42.0						57.5						186.5
Amortization of intangibles			9.8						5.3						—						15.1
Intersegment support activities			1.4						2.2						(3.6)						—
Segment earnings (3)			$	241.6					$	54.1					$	(99.2)					196.5
Reconciliation of segment earnings:
Interest expense, net																					26.1
Other expense, net																					13.5
Consolidated income before provision for income taxes and equity in net income of affiliates																					$	156.9

(1)     Intersegment transactions are accounted for at values comparable to unaffiliated third-party transactions.

(2)     The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. Intersegment expenses are included within the amounts shown.

(3)     See definition above.

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

Other segment related disclosures are shown below (in millions):

			Three Months Ended March 29, 2025
			Seating						E-Systems						Other						Consolidated
Depreciation			$	90.8					$	46.4					$	5.3					$	142.5
Capital expenditures			70.4						28.7						4.9						104.0
Inventories			860.9						820.6						—						1,681.5
Total assets			8,694.6						4,054.1						1,874.6						14,623.3

			Three Months Ended March 30, 2024
			Seating						E-Systems						Other						Consolidated
Depreciation			$	90.8					$	44.3					$	5.1					$	140.2
Capital expenditures			63.6						45.6						4.4						113.6
Inventories			925.4						810.0						—						1,735.4
Total assets			8,867.0						4,084.7						1,920.3						14,872.0

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
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration