XML 23 R71.htm IDEA: XBRL DOCUMENT v2.4.0.8
Supplemental Guarantor Condensed Consolidating Financial Statements - Balance Sheets (Detail) (USD $)
In Millions, unless otherwise specified
Sep. 27, 2014
Jun. 28, 2014
Dec. 31, 2013
Sep. 28, 2013
Jun. 29, 2013
Dec. 31, 2012
CURRENT ASSETS:            
Cash and cash equivalents $ 872.7 [1]   $ 1,137.7 $ 884.0   $ 1,402.2
Accounts receivable 2,843.0 [1]   2,278.3      
Inventories 899.1 [1]   818.7      
Other 718.2 [1]   687.8      
Total current assets 5,333.0 [1]   4,922.5      
LONG-TERM ASSETS:            
Property, plant and equipment, net 1,614.4 [1]   1,587.2      
Goodwill 740.2 [1]   757.2      
Investments in subsidiaries 0   0      
Intercompany accounts, net 0   0      
Other 1,003.6 [1]   1,064.0      
Total long-term assets 3,358.2 [1]   3,408.4      
Total assets 8,691.2 [1]   8,330.9 8,464.2    
CURRENT LIABILITIES:            
Accounts payable and drafts 2,614.6 [1]   2,438.7      
Accrued liabilities 1,336.3 [1]   1,140.4      
Total current liabilities 3,950.9 [1]   3,579.1      
LONG-TERM LIABILITIES:            
Long-term debt 1,068.7   1,057.1      
Intercompany accounts, net 0   0      
Other 515.8 [1]   545.2      
Total long-term liabilities 1,584.5 [1]   1,602.3      
EQUITY:            
Lear Corporation stockholders’ equity 3,081.9 [1] 3,145.8 3,045.9 2,813.5 2,669.3 3,487.1
Noncontrolling interests 73.9 [1] 75.4 103.6 [1] 106.5 121.0 125.1
Equity 3,155.8 [1] 3,221.2 3,149.5 2,920.0 2,790.3 3,612.2
Total liabilities and equity 8,691.2 [1]   8,330.9      
Parent company
           
CURRENT ASSETS:            
Cash and cash equivalents 291.7   343.5 210.8   481.4
Accounts receivable 70.1   41.2      
Inventories 2.8   4.8      
Other 158.1   147.7      
Total current assets 522.7   537.2      
LONG-TERM ASSETS:            
Property, plant and equipment, net 94.7   95.5      
Goodwill 23.5   23.5      
Investments in subsidiaries 1,840.2   1,802.4      
Intercompany accounts, net 1,394.2   1,373.1      
Other 596.7   591.5      
Total long-term assets 3,949.3   3,886.0      
Total assets 4,472.0   4,423.2      
CURRENT LIABILITIES:            
Accounts payable and drafts 93.8   73.8      
Accrued liabilities 110.1   127.9      
Total current liabilities 203.9   201.7      
LONG-TERM LIABILITIES:            
Long-term debt 1,068.7   1,057.1      
Intercompany accounts, net 0   0      
Other 117.5   118.5      
Total long-term liabilities 1,186.2   1,175.6      
EQUITY:            
Lear Corporation stockholders’ equity 3,081.9   3,045.9      
Noncontrolling interests 0   0      
Equity 3,081.9   3,045.9      
Total liabilities and equity 4,472.0   4,423.2      
Guarantor subsidiaries
           
CURRENT ASSETS:            
Cash and cash equivalents 0.1   0.1 0.1   0.1
Accounts receivable 635.0   349.7      
Inventories 343.5   297.9      
Other 64.9   77.3      
Total current assets 1,043.5   725.0      
LONG-TERM ASSETS:            
Property, plant and equipment, net 321.7   316.0      
Goodwill 401.0   401.0      
Investments in subsidiaries 1,891.2   1,878.5      
Intercompany accounts, net     0      
Other 56.4   71.5      
Total long-term assets 2,670.3   2,667.0      
Total assets 3,713.8   3,392.0      
CURRENT LIABILITIES:            
Accounts payable and drafts 742.2   582.4      
Accrued liabilities 205.4   156.1      
Total current liabilities 947.6   738.5      
LONG-TERM LIABILITIES:            
Long-term debt 0   0      
Intercompany accounts, net 762.2   515.2      
Other 142.1   143.0      
Total long-term liabilities 904.3   658.2      
EQUITY:            
Lear Corporation stockholders’ equity 1,861.9   1,995.3      
Noncontrolling interests 0   0      
Equity 1,861.9   1,995.3      
Total liabilities and equity 3,713.8   3,392.0      
Non-guarantor subsidiaries
           
CURRENT ASSETS:            
Cash and cash equivalents 580.9   794.1 673.1   920.7
Accounts receivable 2,137.9   1,887.4      
Inventories 552.8   516.0      
Other 495.2   462.8      
Total current assets 3,766.8   3,660.3      
LONG-TERM ASSETS:            
Property, plant and equipment, net 1,198.0   1,175.7      
Goodwill 315.7   332.7      
Investments in subsidiaries     0      
Intercompany accounts, net     0      
Other 350.5   401.0      
Total long-term assets 1,864.2   1,909.4      
Total assets 5,631.0   5,569.7      
CURRENT LIABILITIES:            
Accounts payable and drafts 1,778.6   1,782.5      
Accrued liabilities 1,020.8   856.4      
Total current liabilities 2,799.4   2,638.9      
LONG-TERM LIABILITIES:            
Long-term debt 0   0      
Intercompany accounts, net 632.0   857.9      
Other 256.2   283.7      
Total long-term liabilities 888.2   1,141.6      
EQUITY:            
Lear Corporation stockholders’ equity 1,869.5   1,685.6      
Noncontrolling interests 73.9   103.6      
Equity 1,943.4   1,789.2      
Total liabilities and equity 5,631.0   5,569.7      
Consolidation, eliminations
           
CURRENT ASSETS:            
Cash and cash equivalents 0   0 0   0
Accounts receivable 0   0      
Inventories 0   0      
Other 0   0      
Total current assets 0   0      
LONG-TERM ASSETS:            
Property, plant and equipment, net 0   0      
Goodwill 0   0      
Investments in subsidiaries (3,731.4)   (3,680.9)      
Intercompany accounts, net (1,394.2)   (1,373.1)      
Other 0   0      
Total long-term assets (5,125.6)   (5,054.0)      
Total assets (5,125.6)   (5,054.0)      
CURRENT LIABILITIES:            
Accounts payable and drafts 0   0      
Accrued liabilities 0   0      
Total current liabilities 0   0      
LONG-TERM LIABILITIES:            
Long-term debt 0   0      
Intercompany accounts, net (1,394.2)   (1,373.1)      
Other 0   0      
Total long-term liabilities (1,394.2)   (1,373.1)      
EQUITY:            
Lear Corporation stockholders’ equity (3,731.4)   (3,680.9)      
Noncontrolling interests 0   0      
Equity (3,731.4)   (3,680.9)      
Total liabilities and equity $ (5,125.6)   $ (5,054.0)      
[1] (1) Unaudited.