Investments in Affiliates and Other Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2016

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,	2016	2015	2014
Shanghai Lear STEC Automotive Parts Co., Ltd. (China)	55%	55%	55%
Beijing BHAP Lear Automotive Systems Co., Ltd. (China)	50	50	50
Dong Kwang Lear Yuhan Hoesa (Korea)	50	50	50
Industrias Cousin Freres, S.L. (Spain)	50	50	50
Jiangxi Jiangling Lear Interior Systems Co., Ltd. (China)	50	50	50
Lear Dongfeng Automotive Seating Co., Ltd. (China)	50	50	50
Changchun Lear FAWSN Automotive Electrical and Electronics Co., Ltd. (China)	49	49	49
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
eLumigen, LLC	46	30	30
Beijing Lear Dymos Automotive Systems Co., Ltd. (China)	40	40	40
Dymos Lear Automotive India Private Limited (India)	35	35	35
RevoLaze, LLC	20	20	20
HB Polymer Company, LLC	10	10	10
Beijing BAI Lear Automotive Systems Co., Ltd. (China)	—	50	50

Summarized group financial information for affiliates accounted for under the equity method as of December 31, 2016 and 2015, and for the years ended December 31, 2016, 2015 and 2014, is shown below (unaudited; in millions):

December 31,	2016		2015
Balance sheet data:
Current assets	$	1,011.0	$	977.7
Non-current assets	197.3		211.5
Current liabilities	850.5		823.2
Non-current liabilities	26.6		34.2

For the year ended December 31,	2016		2015		2014
Income statement data:
Net sales	$	2,186.4	$	2,087.8	$	2,074.4
Gross profit	200.6		155.5		123.4
Income before provision for income taxes	195.3		127.4		112.3
Net income attributable to affiliates	155.4		96.0		85.6

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

December 31,	2016		2015
Aggregate investment in affiliates	$	153.5	$	156.5
Receivables due from affiliates (including notes and advances)	121.8		95.5
Payables due to affiliates	4.3		7.7

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,	2016		2015		2014
Sales to affiliates	$	147.0	$	198.5	$	292.5
Purchases from affiliates	17.8		26.3		32.1
Management and other fees for services provided to affiliates	25.3		36.8		26.9
Dividends received from affiliates	35.6		54.1		25.0

Summary of Fair Value of Assets Acquired and Liabilities Assumed

The purchase price and related allocation are shown below (in millions):

Purchase price paid, net of cash acquired	$	815.3
Acquisition date contingent consideration	28.6
Net purchase price	$	843.9
Property, plant and equipment	$	142.4
Other assets purchased and liabilities assumed, net	146.5
Goodwill	343.7
Intangible assets	211.3
Purchase price allocation	$	843.9

The purchase price and preliminary allocation are shown below (in millions):

Purchase price paid, net of cash acquired	$	148.6
Property, plant and equipment	$	13.9
Other assets purchased and liabilities assumed, net	9.7
Goodwill	72.0
Intangible assets	53.0
Preliminary purchase price allocation	$	148.6

A summary of the fair value of the assets acquired and liabilities assumed in conjunction with the consolidation is shown below (in millions):

Property, plant and equipment	$	20.7
Other assets and liabilities assumed, net	40.4
Goodwill	8.9
Intangible assets	34.0
	$	104.0