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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
Summary of Inventories A summary of inventories is shown below (in millions):
December 31,20212020
Raw materials$1,171.0 $1,051.6 
Work-in-process119.9 109.8 
Finished goods453.4 396.9 
Reserves(172.4)(157.2)
Inventories$1,571.9 $1,401.1 
Classification of Recoverable Customer Engineering, Development and Tooling Costs Related to Long-term Supply Agreements
The classification of recoverable customer E&D and tooling costs related to long-term supply agreements is shown below (in millions):
December 31,20212020
Current$207.4 $212.0 
Long-term143.5 121.4 
Recoverable customer E&D and tooling$350.9 $333.4 
Property, Plant and Equipment Depreciable property is depreciated over the estimated useful lives of the assets, using principally the straight-line method as follows:
Buildings and improvements
10 to 40 years
Machinery and equipment
5 to 10 years
A summary of property, plant and equipment is shown below (in millions):
December 31,20212020
Land$108.7 $114.1 
Buildings and improvements850.3 880.7 
Machinery and equipment4,497.7 4,339.2 
Construction in progress345.6 311.1 
Total property, plant and equipment5,802.3 5,645.1 
Less – accumulated depreciation(3,082.2)(2,908.9)
Net property, plant and equipment$2,720.1 $2,736.2 
Summary of Changes in Carrying Amount of Goodwill
A summary of the changes in the carrying amount of goodwill for each of the periods in the two years ended December 31, 2021, is shown below (in millions):
SeatingE-SystemsTotal
Balance as of December 31, 2019$1,235.4 $378.9 $1,614.3 
Foreign currency translation and other33.4 8.1 41.5 
Balance as of December 31, 20201,268.8 387.0 1,655.8 
Foreign currency translation and other(19.5)21.6 2.1 
Balance as of December 31, 2021$1,249.3 $408.6 $1,657.9 
Summary of Finite-Lived Intangible Assets
A summary of intangible assets as of December 31, 2021, is shown below (in millions):
Gross Carrying
Value		Accumulated
Amortization		Net Carrying
Value		Weighted
Average Useful
Life (years)
Amortized intangible assets:
Customer-based$534.4 $(277.6)$256.8 11.7
Licensing agreements70.9 (37.8)33.1 5.0
Technology21.8 (18.4)3.4 8.5
Other0.4 (0.1)0.3 5.0
627.5 (333.9)293.6 10.8
Unamortized intangible assets:
In-process research and development8.9 — 8.9 
Balance as of December 31, 2021$636.4 $(333.9)$302.5 
A summary of intangible assets as of December 31, 2020, is shown below (in millions):
Gross Carrying
Value		Accumulated
Amortization		Net Carrying
Value		Weighted
Average Useful
Life (years)
Amortized intangible assets:
Customer-based$528.0 $(232.0)$296.0 11.8
Licensing agreements71.9 (24.4)47.5 5.0
Technology35.1 (21.2)13.9 7.2
635.0 (277.6)357.4 10.8
Unamortized intangible assets:
In-process research and development10.8 — 10.8 
Balance as of December 31, 2020$645.8 $(277.6)$368.2 
Summary of Indefinite-Lived Intangible Assets
A summary of intangible assets as of December 31, 2021, is shown below (in millions):
Gross Carrying
Value		Accumulated
Amortization		Net Carrying
Value		Weighted
Average Useful
Life (years)
Amortized intangible assets:
Customer-based$534.4 $(277.6)$256.8 11.7
Licensing agreements70.9 (37.8)33.1 5.0
Technology21.8 (18.4)3.4 8.5
Other0.4 (0.1)0.3 5.0
627.5 (333.9)293.6 10.8
Unamortized intangible assets:
In-process research and development8.9 — 8.9 
Balance as of December 31, 2021$636.4 $(333.9)$302.5 
A summary of intangible assets as of December 31, 2020, is shown below (in millions):
Gross Carrying
Value		Accumulated
Amortization		Net Carrying
Value		Weighted
Average Useful
Life (years)
Amortized intangible assets:
Customer-based$528.0 $(232.0)$296.0 11.8
Licensing agreements71.9 (24.4)47.5 5.0
Technology35.1 (21.2)13.9 7.2
635.0 (277.6)357.4 10.8
Unamortized intangible assets:
In-process research and development10.8 — 10.8 
Balance as of December 31, 2020$645.8 $(277.6)$368.2 
Estimated Annual Intangible Asset Amortization Expense
Excluding the impact of any future acquisitions, the Company's estimated annual amortization expense for the five succeeding years is shown below (in millions):
YearExpense
2022$62.4 
202360.9 
202448.0 
202520.7 
202620.4 
Schedule of Accrued Liabilities
A summary of accrued liabilities as of December 31, 2021 and 2020, is shown below (in millions):
December 31,20212020
Compensation and employee benefits$353.8 $297.7 
Income and other taxes payable290.7 287.7 
Restructuring129.4 139.0 
Current portion of lease obligations125.6 116.3 
Other907.2 1,080.2 
Accrued liabilities$1,806.7 $1,920.9 
Summary of Other (Income) Expense, Net A summary of other expense, net is shown below (in millions):
For the year ended December 31,202120202019
Other expense$65.4 $72.2 $52.2 
Other income(65.3)(17.0)(27.6)
Other expense, net$0.1 $55.2 $24.6 
Summary of Information Used to Compute Basic and Diluted Net Income Per Share
A summary of information used to compute basic and diluted net income per share available to Lear common stockholders is shown below (in millions, except share and per share data):
For the year ended December 31,202120202019
Net income attributable to Lear$373.9 $158.5 $753.6 
Redeemable noncontrolling interest adjustment— — 35.9 
Net income available to Lear common stockholders$373.9 $158.5 $789.5 
Average common shares outstanding60,082,83360,254,38061,697,192
Dilutive effect of common stock equivalents337,651175,582226,336
Average diluted shares outstanding60,420,48460,429,96261,923,528
Basic net income per share available to Lear common stockholders$6.22 $2.63 $12.80 
Diluted net income per share available to Lear common stockholders$6.19 $2.62 $12.75