Investments in Affiliates and Other Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2019

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,	2019	2018	2017
Beijing BHAP Lear Automotive Systems 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
Guangzhou Lear Automotive Components Co., Ltd. (China)	50	—	—
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
Beijing Lear Dymos Automotive Systems Co., Ltd. (China)	40	40	40
Techstars Corporate Partner 2017 LLC	38	—	—
Hyundai Transys Lear Automotive Private Limited (India)	35	35	35
RevoLaze, LLC	20	20	20
Trucks Venture Fund 2, L.P.	19	—	—
Maniv Mobility II A, L.P.	8	—	—
Autotech Fund II, L.P.	6	—	—
Dong Kwang Lear Yuhan Hoesa (Korea)	—	50	50
Industrias Cousin Freres, S.L. (Spain)	—	—	50
Changchun Lear FAWSN Automotive Electrical and Electronics Co., Ltd. (China)	—	—	49
eLumigen, LLC	—	—	46
HB Polymer Company, LLC	—	—	10

Summarized group financial information for affiliates accounted for under the equity method as of December 31, 2019 and 2018, and for the years ended December 31, 2019, 2018 and 2017, is shown below (unaudited; in millions):

December 31,	2019		2018
Balance sheet data:
Current assets	$	856.3	$	753.8
Non-current assets	173.9		180.8
Current liabilities	739.5		679.3
Non-current liabilities	6.6		6.3

For the year ended December 31,	2019		2018		2017
Income statement data:
Net sales	$	1,670.0	$	1,520.2	$	2,000.4
Gross profit	89.2		75.9		172.8
Income before provision for income taxes	85.7		60.0		169.6
Net income attributable to affiliates	53.5		42.2		117.8

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

December 31,	2019		2018
Aggregate investment in affiliates	$	119.5	$	108.2
Receivables due from affiliates (including notes and advances)	170.5		141.1
Payables due to affiliates	0.1		0.2

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,	2019		2018		2017
Sales to affiliates	$	647.2	$	603.0	$	499.9
Purchases from affiliates	1.6		2.0		9.5
Management and other fees for services provided to affiliates	35.5		29.6		26.6
Dividends received from affiliates	23.3		39.0		33.0

Summary of Fair Value of Assets Acquired and Liabilities Assumed

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

Net purchase price	$	292.4
Property, plant and equipment	$	79.2
Other assets purchased and liabilities assumed, net	(31.5		)
Goodwill	123.3
Intangible assets	121.4
Purchase price allocation	$	292.4

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

	June 29, 2019		Adjustments			December 31, 2019
Net purchase price	$	320.9	$	0.8		$	321.7
Other assets purchased and liabilities assumed, net	$	1.2	$	8.3		$	9.5
Goodwill	197.5		21.5			219.0
Intangible assets	122.2		(29.0		)	93.2
Preliminary purchase price allocation	$	320.9	$	0.8		$	321.7

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

Property, plant and equipment	$	11.0
Other assets and liabilities assumed, net	5.7
Goodwill	22.4
Intangible assets	7.5
	$	46.6

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

Property, plant and equipment	$	16.2
Other assets and liabilities assumed, net	42.7
Goodwill	94.1
Intangible assets	66.0
	$	219.0