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Supplemental Guarantor Consolidating Financial Statements (Tables)
 12 Months Ended
Dec. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Schedule of Consolidating Balance Sheet
 
December 31, 2016
(in millions)
Lear
 
Guarantors
 
Non-
guarantors
 
Eliminations
 
Consolidated
Assets
 
 
 
 
 
 
 
 
 
Current Assets:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
480.4

 
$
0.3

 
$
790.9

 
$
—

 
$
1,271.6

Accounts receivable
314.0

 
238.7

 
2,193.8

 
—

 
2,746.5

Inventories
67.9

 
364.7

 
588.0

 
—

 
1,020.6

Intercompany accounts
87.0

 
94.3

 
—

 
(181.3
)
 
—

Other
119.4

 
15.3

 
475.9

 
—

 
610.6

Total current assets
1,068.7

 
713.3

 
4,048.6

 
(181.3
)
 
5,649.3

Long-Term Assets:
 
 
 
 
 
 
 
 
 
Property, plant and equipment, net
309.4

 
313.4

 
1,396.5

 
—

 
2,019.3

Goodwill
172.1

 
519.9

 
429.3

 
—

 
1,121.3

Investments in subsidiaries
4,002.3

 
903.4

 
—

 
(4,905.7
)
 
—

Intercompany loans receivable
308.9

 
1,206.9

 
91.1

 
(1,606.9
)
 
—

Other
456.6

 
146.8

 
525.1

 
(17.8
)
 
1,110.7

Total long-term assets
5,249.3

 
3,090.4

 
2,442.0

 
(6,530.4
)
 
4,251.3

Total assets
$
6,318.0

 
$
3,803.7

 
$
6,490.6

 
$
(6,711.7
)
 
$
9,900.6

Liabilities and Equity
 
 
 
 
 
 
 
 
 
Current Liabilities:
 
 
 
 
 
 
 
 
 
Short-term borrowings
$
—

 
$
—

 
$
8.6

 
$
—

 
$
8.6

Accounts payable and drafts
328.8

 
460.1

 
1,851.6

 
—

 
2,640.5

Accrued liabilities
228.6

 
197.5

 
1,071.5

 
—

 
1,497.6

Intercompany accounts
—

 
—

 
181.3

 
(181.3
)
 
—

Current portion of long-term debt
34.4

 
—

 
1.2

 
—

 
35.6

Total current liabilities
591.8

 
657.6

 
3,114.2

 
(181.3
)
 
4,182.3

Long-Term Liabilities:
 
 
 
 
 
 
 
 
 
Long-term debt
1,893.5

 
—

 
4.5

 
—

 
1,898.0

Intercompany loans payable
504.9

 
48.7

 
1,053.3

 
(1,606.9
)
 
—

Other
270.6

 
13.2

 
361.4

 
(17.8
)
 
627.4

Total long-term liabilities
2,669.0

 
61.9

 
1,419.2

 
(1,624.7
)
 
2,525.4

Equity:
 
 
 
 
 
 
 
 
 
Lear Corporation stockholders’ equity
3,057.2

 
3,084.2

 
1,821.5

 
(4,905.7
)
 
3,057.2

Noncontrolling interests
—

 
—

 
135.7

 
—

 
135.7

Equity
3,057.2

 
3,084.2

 
1,957.2

 
(4,905.7
)
 
3,192.9

Total liabilities and equity
$
6,318.0

 
$
3,803.7

 
$
6,490.6

 
$
(6,711.7
)
 
$
9,900.6


 
December 31, 2015
(in millions)
Lear
 
Guarantors
 
Non-
guarantors
 
Eliminations
 
Consolidated
Assets
 
 
 
 
 
 
 
 
 
Current Assets:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
526.4

 
$
0.4

 
$
669.8

 
$
—

 
$
1,196.6

Accounts receivable
334.5

 
246.4

 
2,009.1

 
—

 
2,590.0

Inventories
73.5

 
337.5

 
536.6

 
—

 
947.6

Intercompany accounts, net
53.0

 
72.4

 
—

 
(125.4
)
 
—

Other
122.3

 
17.5

 
412.6

 
—

 
552.4

Total current assets
1,109.7

 
674.2

 
3,628.1

 
(125.4
)
 
5,286.6

Long-Term Assets:
 
 
 
 
 
 
 
 
 
Property, plant and equipment, net
257.5

 
294.3

 
1,274.7

 
—

 
1,826.5

Goodwill
172.1

 
519.1

 
362.6

 
—

 
1,053.8

Investments in subsidiaries
3,520.3

 
1,467.4

 
—

 
(4,987.7
)
 
—

Intercompany loans receivable
277.5

 
836.7

 
77.7

 
(1,191.9
)
 
—

Other
622.2

 
148.0

 
493.8

 
(25.1
)
 
1,238.9

Total long-term assets
4,849.6

 
3,265.5

 
2,208.8

 
(6,204.7
)
 
4,119.2

Total assets
$
5,959.3

 
$
3,939.7

 
$
5,836.9

 
$
(6,330.1
)
 
$
9,405.8

Liabilities and Equity
 
 
 
 
 
 
 
 
 
Current Liabilities:
 
 
 
 
 
 
 
 
 
Accounts payable and drafts
$
322.7

 
$
436.5

 
$
1,745.2

 
$
—

 
$
2,504.4

Accrued liabilities
233.3

 
187.7

 
891.1

 
—

 
1,312.1

Intercompany accounts, net
—

 
—

 
125.4

 
(125.4
)
 
—

Current portion of long-term debt
21.9

 
—

 
1.2

 
—

 
23.1

Total current liabilities
577.9

 
624.2

 
2,762.9

 
(125.4
)
 
3,839.6

Long-Term Liabilities:
 
 
 
 
 
 
 
 
 
Long-term debt
1,925.3

 
—

 
6.4

 
—

 
1,931.7

Intercompany loans payable
221.6

 
23.5

 
946.8

 
(1,191.9
)
 
—

Other
307.1

 
22.1

 
312.7

 
(25.1
)
 
616.8

Total long-term liabilities
2,454.0

 
45.6

 
1,265.9

 
(1,217.0
)
 
2,548.5

Equity:
 
 
 
 
 
 
 
 
 
Lear Corporation stockholders’ equity
2,927.4

 
3,269.9

 
1,717.8

 
(4,987.7
)
 
2,927.4

Noncontrolling interests
—

 
—

 
90.3

 
—

 
90.3

Equity
2,927.4

 
3,269.9

 
1,808.1

 
(4,987.7
)
 
3,017.7

Total liabilities and equity
$
5,959.3

 
$
3,939.7

 
$
5,836.9

 
$
(6,330.1
)
 
$
9,405.8
Schedule of Consolidating Statement of Income
 
Year Ended December 31, 2016
(in millions)
Lear
 
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
Net sales
$
3,595.1

 
$
4,843.0

 
$
15,415.9

 
$
(5,296.4
)
 
$
18,557.6

Cost of sales
3,598.6

 
4,131.0

 
14,022.3

 
(5,296.4
)
 
16,455.5

Selling, general and administrative expenses
332.7

 
8.4

 
280.8

 
—

 
621.9

Intercompany operating (income) expense, net
(398.7
)
 
236.0

 
162.7

 
—

 
—

Amortization of intangible assets
8.2

 
16.0

 
28.8

 
—

 
53.0

Interest expense
92.4

 
(4.6
)
 
(5.3
)
 
—

 
82.5

Other expense, net
37.1

 
2.5

 
(33.2
)
 
—

 
6.4

Consolidated income before provision for income taxes and equity in net income of affiliates and subsidiaries
(75.2
)
 
453.7

 
959.8

 
—

 
1,338.3

Provision for income taxes
(29.7
)
 
170.2

 
229.7

 
—

 
370.2

Equity in net income of affiliates
(4.2
)
 
—

 
(68.2
)
 
—

 
(72.4
)
Equity in net income of subsidiaries
(1,016.4
)
 
(530.1
)
 
—

 
1,546.5

 
—

Consolidated net income
975.1

 
813.6

 
798.3

 
(1,546.5
)
 
1,040.5

Less: Net income attributable to noncontrolling interests
—

 
—

 
65.4

 
—

 
65.4

Net income attributable to Lear
$
975.1

 
$
813.6

 
$
732.9

 
$
(1,546.5
)
 
$
975.1

 
 
 
 
 
 
 
 
 
 
Consolidated comprehensive income
$
869.6

 
$
813.3

 
$
662.2

 
$
(1,418.7
)
 
$
926.4

Less: Comprehensive income attributable to noncontrolling interests
—

 
—

 
56.8

 
—

 
56.8

Comprehensive income attributable to Lear
$
869.6

 
$
813.3

 
$
605.4

 
$
(1,418.7
)
 
$
869.6

 
Year Ended December 31, 2015
(in millions)
Lear
 
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
Net sales
$
3,540.6

 
$
5,117.9

 
$
14,793.6

 
$
(5,240.7
)
 
$
18,211.4

Cost of sales
3,544.6

 
4,483.9

 
13,603.8

 
(5,240.7
)
 
16,391.6

Selling, general and administrative expenses
274.0

 
47.7

 
258.8

 
—

 
580.5

Intercompany operating (income) expense, net
(297.0
)
 
158.4

 
138.6

 
—

 
—

Amortization of intangible assets
6.6

 
16.0

 
29.9

 
—

 
52.5

Interest expense
96.7

 
(2.8
)
 
(7.2
)
 
—

 
86.7

Other expense, net
25.8

 
1.0

 
41.8

 
—

 
68.6

Consolidated income before provision for income taxes and equity in net income of affiliates and subsidiaries
(110.1
)
 
413.7

 
727.9

 
—

 
1,031.5

Provision for income taxes
(53.6
)
 
155.6

 
183.5

 
—

 
285.5

Equity in net income of affiliates
(0.2
)
 
—

 
(49.6
)
 
—

 
(49.8
)
Equity in net income of subsidiaries
(801.8
)
 
(394.3
)
 
—

 
1,196.1

 
—

Consolidated net income
745.5

 
652.4

 
594.0

 
(1,196.1
)
 
795.8

Less: Net income attributable to noncontrolling interests
—

 
—

 
50.3

 
—

 
50.3

Net income attributable to Lear
$
745.5

 
$
652.4

 
$
543.7

 
$
(1,196.1
)
 
$
745.5

 
 
 
 
 
 
 
 
 
 
Consolidated comprehensive income
$
517.4

 
$
634.5

 
$
366.8

 
$
(954.9
)
 
$
563.8

Less: Comprehensive income attributable to noncontrolling interests
—

 
—

 
46.4

 
—

 
46.4

Comprehensive income attributable to Lear
$
517.4

 
$
634.5

 
$
320.4

 
$
(954.9
)
 
$
517.4


 
Year Ended December 31, 2014
(in millions)
Lear
 
Guarantors
 
Non-
guarantors
 
Eliminations
 
Consolidated
Net sales
$
3,285.0

 
$
4,268.5

 
$
14,996.5

 
$
(4,822.7
)
 
$
17,727.3

Cost of sales
3,300.4

 
3,830.9

 
13,925.9

 
(4,822.7
)
 
16,234.5

Selling, general and administrative expenses
241.1

 
22.6

 
266.2

 
—

 
529.9

Intercompany operating (income) expense, net
(376.6
)
 
215.6

 
161.0

 
—

 
—

Amortization of intangible assets
6.4

 
—

 
27.3

 
—

 
33.7

Interest expense
74.5

 
(3.3
)
 
(3.7
)
 
—

 
67.5

Other expense, net
26.5

 
1.0

 
46.8

 
—

 
74.3

Consolidated income before provision for income taxes and equity in net income of affiliates and subsidiaries
12.7

 
201.7

 
573.0

 
—

 
787.4

Provision for income taxes
1.0

 
71.6

 
48.8

 
—

 
121.4

Equity in net income of affiliates
(1.1
)
 
—

 
(35.2
)
 
—

 
(36.3
)
Equity in net income of subsidiaries
(659.6
)
 
(393.8
)
 
—

 
1,053.4

 
—

Consolidated net income
672.4

 
523.9

 
559.4

 
(1,053.4
)
 
702.3

Less: Net income attributable to noncontrolling interests
—

 
—

 
29.9

 
—

 
29.9

Net income attributable to Lear
$
672.4

 
$
523.9

 
$
529.5

 
$
(1,053.4
)
 
$
672.4

 
 
 
 
 
 
 
 
 
 
Consolidated comprehensive income
$
336.5

 
$
497.1

 
$
318.6

 
$
(787.7
)
 
$
364.5

Less: Comprehensive income attributable to noncontrolling interests
—

 
—

 
28.0

 
—

 
28.0

Comprehensive income attributable to Lear
$
336.5

 
$
497.1

 
$
290.6

 
$
(787.7
)
 
$
336.5
Schedule of Consolidating Statement of Cash Flows
 
Year Ended December 31, 2016
(in millions)
Lear
 
Guarantors
 
Non-
guarantors
 
Eliminations
 
Consolidated
Net Cash Provided by Operating Activities
$
290.9

 
$
345.3

 
$
1,035.9

 
$
(52.8
)
 
$
1,619.3

 
 
 
 
 
 
 
 
 
 
Cash Flows from Investing Activities:
 
 
 
 
 
 
 
 

Additions to property, plant and equipment
(77.6
)
 
(111.0
)
 
(339.7
)
 
—

 
(528.3
)
Acquisitions
(149.0
)
 
—

 
(6.9
)
 
—

 
(155.9
)
Intercompany transactions
437.4

 
214.8

 
(13.4
)
 
(638.8
)
 
—

Other, net
(16.8
)
 
(1.4
)
 
65.3

 
—

 
47.1

Net cash used in investing activities
194.0

 
102.4

 
(294.7
)
 
(638.8
)
 
(637.1
)
 
 
 
 
 
 
 
 
 
 
Cash Flows from Financing Activities:
 
 
 
 
 
 
 
 

Credit agreement repayments
(21.9
)
 
—

 
—

 
—

 
(21.9
)
Short-term borrowings, net
—

 
—

 
9.1

 
—

 
9.1

Repurchase of common stock
(658.8
)
 
—

 
—

 
—

 
(658.8
)
Dividends paid to Lear Corporation stockholders
(88.8
)
 
—

 
—

 
—

 
(88.8
)
Dividends paid to noncontrolling interests
—

 
—

 
(33.3
)
 
—

 
(33.3
)
Change in intercompany accounts
283.3

 
(447.8
)
 
(527.1
)
 
691.6

 
—

Other, net
(44.7
)
 
—

 
(34.5
)
 
—

 
(79.2
)
Net cash used in financing activities
(530.9
)
 
(447.8
)
 
(585.8
)
 
691.6

 
(872.9
)
 
 
 
 
 
 
 
 
 
 
Effect of foreign currency translation
—

 
—

 
(34.3
)
 
—

 
(34.3
)
Net Change in Cash and Cash Equivalents
(46.0
)
 
(0.1
)
 
121.1

 
—

 
75.0

Cash and Cash Equivalents as of Beginning of Period
526.4

 
0.4

 
669.8

 
—

 
1,196.6

Cash and Cash Equivalents as of End of Period
$
480.4

 
$
0.3

 
$
790.9

 
$
—

 
$
1,271.6

 
 
Year Ended December 31, 2015
(in millions)
Lear
 
Guarantors
 
Non-
guarantors
 
Eliminations
 
Consolidated
Net Cash Provided by Operating Activities
$
208.3

 
$
329.5

 
$
889.6

 
$
(156.3
)
 
$
1,271.1

 
 
 
 
 
 
 
 
 
 
Cash Flows from Investing Activities:
 
 
 
 
 
 
 
 

Additions to property, plant and equipment
(68.4
)
 
(91.5
)
 
(325.9
)
 
—

 
(485.8
)
Acquisitions, net of cash acquired and use of $350 million restricted cash (see non-cash investing activities below) (Note 3)
(521.1
)
 
1.2

 
20.7

 
—

 
(499.2
)
Intercompany transactions
584.6

 
(267.9
)
 
134.9

 
(451.6
)
 
—

Other, net
(6.6
)
 
7.3

 
19.0

 
—

 
19.7

Net cash used in investing activities
(11.5
)
 
(350.9
)
 
(151.3
)
 
(451.6
)
 
(965.3
)
 
 
 
 
 
 
 
 
 
 
Cash Flows from Financing Activities:
 
 
 
 
 
 
 
 

Credit agreement borrowings
500.0

 
—

 
—

 
—

 
500.0

Credit agreement repayments
(9.4
)
 
—

 
—

 
—

 
(9.4
)
Repurchase of senior notes, net of use of $250 million restricted cash (see non-cash financing activities below) (Note 6)
(5.0
)
 
—

 
—

 
—

 
(5.0
)
Repurchase of common stock
(487.4
)
 
—

 
—

 
—

 
(487.4
)
Dividends paid to Lear Corporation stockholders
(78.5
)
 
—

 
—

 
—

 
(78.5
)
Dividends paid to noncontrolling interests
—

 
—

 
(27.8
)
 
—

 
(27.8
)
Intercompany transactions
82.7

 
21.8

 
(712.4
)
 
607.9

 
—

Other, net
(50.6
)
 
—

 
2.4

 
—

 
(48.2
)
Net cash used in financing activities
(48.2
)
 
21.8

 
(737.8
)
 
607.9

 
(156.3
)
 
 
 
 
 
 
 
 
 
 
Effect of foreign currency translation
—

 
—

 
(47.0
)
 
—

 
(47.0
)
Net Change in Cash and Cash Equivalents
148.6

 
0.4

 
(46.5
)
 
—

 
102.5

Cash and Cash Equivalents as of Beginning of Period
377.8

 
—

 
716.3

 
—

 
1,094.1

Cash and Cash Equivalents as of End of Period
$
526.4

 
$
0.4

 
$
669.8

 
$
—

 
$
1,196.6

 
 
 
 
 
 
 
 
 
 
Non-cash Investing Activities:
 
 
 
 
 
 
 
 
 
Cash restricted for use - acquisition of Eagle Ottawa
$
(350.0
)
 
$
—

 
$
—

 
$
—

 
$
(350.0
)
Non-cash Financing Activities:
 
 
 
 
 
 
 
 
 
Cash restricted for use - repurchase of senior notes
$
(250.0
)
 
$
—

 
$
—

 
$
—

 
$
(250.0
)

 
 
Year Ended December 31, 2014
(in millions)
Lear
 
Guarantors
 
Non-
guarantors
 
Eliminations
 
Consolidated
Net Cash Provided by Operating Activities
$
142.4

 
$
211.8

 
$
586.2

 
$
(12.6
)
 
$
927.8

 
 
 
 
 
 
 
 
 
 
Cash Flows from Investing Activities:
 
 
 
 
 
 
 
 

Additions to property, plant and equipment
(52.4
)
 
(61.4
)
 
(310.9
)
 
—

 
(424.7
)
Cash restricted for use - acquisition of Eagle Ottawa
(350.0
)
 
—

 
—

 
—

 
(350.0
)
Intercompany transactions
400.5

 
(17.0
)
 
(46.3
)
 
(337.2
)
 
—

Other, net
(5.0
)
 
13.3

 
(14.2
)
 
—

 
(5.9
)
Net cash used in investing activities
(6.9
)
 
(65.1
)
 
(371.4
)
 
(337.2
)
 
(780.6
)
 
 
 
 
 
 
 
 
 
 
Cash Flows from Financing Activities:
 
 
 
 
 
 
 
 

Proceeds from the issuance of senior notes
975.0

 
—

 
—

 
—

 
975.0

Repurchase of senior notes
(327.1
)
 
—

 
—

 
—

 
(327.1
)
Payment of debt issuance and other financing costs
(18.1
)
 
—

 
—

 
—

 
(18.1
)
Cash restricted for use - repurchase of senior notes
(250.0
)
 
—

 
—

 
—

 
(250.0
)
Repurchase of common stock
(411.4
)
 
—

 
—

 
—

 
(411.4
)
Dividends paid to Lear Corporation stockholders
(65.3
)
 
—

 
—

 
—

 
(65.3
)
Dividends paid to noncontrolling interests
—

 
—

 
(25.9
)
 
—

 
(25.9
)
Change in intercompany accounts
15.9

 
(146.8
)
 
(218.9
)
 
349.8

 
—

Other, net
(20.2
)
 
—

 
(17.8
)
 
—

 
(38.0
)
Net cash used in financing activities
(101.2
)
 
(146.8
)
 
(262.6
)
 
349.8

 
(160.8
)
 
 
 
 
 
 
 
 
 
 
Effect of foreign currency translation
—

 
—

 
(30.0
)
 
—

 
(30.0
)
Net Change in Cash and Cash Equivalents
34.3

 
(0.1
)
 
(77.8
)
 
—

 
(43.6
)
Cash and Cash Equivalents as of Beginning of Period
343.5

 
0.1

 
794.1

 
—

 
1,137.7

Cash and Cash Equivalents as of End of Period
$
377.8

 
$
—

 
$
716.3

 
$
—

 
$
1,094.1
Long-Term Debt of Lear and Guarantors
Long-Term Debt of Lear and the Guarantors
A summary of long-term debt of Lear and the Guarantors on a combined basis is shown below (in millions):
December 31,
2016
 
2015
Credit agreement
$
467.1

 
$
488.4

Senior notes
1,460.8

 
1,458.8

 
1,927.9

 
1,947.2

Less — Current portion
(34.4
)
 
(21.9
)
Long-term debt
$
1,893.5

 
$
1,925.3