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Comprehensive Income and Equity (Tables)
 9 Months Ended
Sep. 30, 2017
Equity [Abstract]  
Summary of Comprehensive Income and Reconciliations of Equity
A summary of comprehensive income and reconciliations of equity, Lear Corporation stockholders’ equity and noncontrolling interests for the three and nine months ended October 1, 2016, is shown below (in millions):
 
Three Months Ended October 1, 2016
 
Nine Months Ended October 1, 2016
 
Equity
 
Lear
Corporation
Stockholders'
Equity
 
Non-
controlling
Interests
 
Equity
 
Lear
Corporation
Stockholders'
Equity
 
Non-
controlling
Interests
Beginning equity balance
$
3,156.1

 
$
3,012.8

 
$
143.3

 
$
3,017.7

 
$
2,927.4

 
$
90.3

Stock-based compensation transactions
15.6

 
15.6

 
—

 
6.7

 
6.7

 
—

Repurchase of common stock
(152.7
)
 
(152.7
)
 
—

 
(557.7
)
 
(557.7
)
 
—

Dividends declared to Lear Corporation stockholders
(21.9
)
 
(21.9
)
 
—

 
(67.5
)
 
(67.5
)
 
—

Dividends declared to noncontrolling interest holders
(0.4
)
 
—

 
(0.4
)
 
(13.2
)
 
—

 
(13.2
)
Consolidation of affiliate
1.0

 
—

 
1.0

 
41.0

 
—

 
41.0

Non-controlling interests — other
—

 
—

 
—

 
—

 
(2.2
)
 
2.2

Comprehensive income:

 
 
 
 
 

 
 
 
 
Net income
235.0

 
214.4

 
20.6

 
792.0

 
745.2

 
46.8

Other comprehensive income (loss), net of tax:

 
 
 
 
 

 
 
 
 
Defined benefit plan adjustments
1.5

 
1.5

 
—

 
(0.2
)
 
(0.2
)
 
—

Derivative instruments and hedging activities
0.8

 
0.8

 
—

 
(10.6
)
 
(10.6
)
 
—

Foreign currency translation adjustments
8.0

 
8.0

 
—

 
34.8

 
37.4

 
(2.6
)
Other comprehensive income (loss)
10.3

 
10.3

 
—

 
24.0

 
26.6

 
(2.6
)
Comprehensive income
245.3

 
224.7

 
20.6

 
816.0

 
771.8

 
44.2

Ending equity balance
$
3,243.0

 
$
3,078.5

 
$
164.5

 
$
3,243.0

 
$
3,078.5

 
$
164.5

A summary of comprehensive income and reconciliations of equity, Lear Corporation stockholders’ equity and noncontrolling interests for the three and nine months ended September 30, 2017, is shown below (in millions):
 
Three Months Ended September 30, 2017
 
Nine Months Ended September 30, 2017
 
Equity
 
Lear
Corporation
Stockholders'
Equity
 
Non-
controlling
Interests
 
Equity
 
Lear
Corporation
Stockholders'
Equity
 
Non-
controlling
Interests
Beginning equity balance
$
3,756.2

 
$
3,621.9

 
$
134.3

 
$
3,192.9

 
$
3,057.2

 
$
135.7

Stock-based compensation transactions
14.9

 
14.9

 
—

 
8.4

 
8.4

 
—

Repurchase of common stock
(77.9
)
 
(77.9
)
 
—

 
(332.2
)
 
(332.2
)
 
—

Dividends declared to Lear Corporation stockholders
(34.8
)
 
(34.8
)
 
—

 
(105.8
)
 
(105.8
)
 
—

Dividends declared to noncontrolling interest holders
(0.7
)
 
—

 
(0.7
)
 
(33.2
)
 
—

 
(33.2
)
Adoption of ASU 2016-09 (Note 11, "Taxes")
—

 
—

 
—

 
54.5

 
54.5

 
—

Redeemable non-controlling interest adjustment
(22.7
)
 
(22.7
)
 
—

 
(22.7
)
 
(22.7
)
 
—

Comprehensive income:


 
 
 
 
 


 
 
 
 
Net income
315.0

 
295.2

 
19.8

 
960.5

 
912.9

 
47.6

Other comprehensive income, net of tax:


 
 
 
 
 


 
 
 
 
Defined benefit plan adjustments
(1.8
)
 
(1.8
)
 
—

 
(3.0
)
 
(3.0
)
 
—

Derivative instruments and hedging activities
(10.8
)
 
(10.8
)
 
—

 
57.2

 
57.2

 
—

Foreign currency translation adjustments
89.9

 
87.1

 
2.8

 
250.7

 
244.6

 
6.1

Other comprehensive income
77.3

 
74.5

 
2.8

 
304.9

 
298.8

 
6.1

Comprehensive income
392.3

 
369.7

 
22.6

 
1,265.4

 
1,211.7

 
53.7

Ending equity balance
$
4,027.3

 
$
3,871.1

 
$
156.2

 
$
4,027.3

 
$
3,871.1

 
$
156.2
Summary of Changes in Accumulated Other Comprehensive Income (Loss), Net of Tax
A summary of changes, net of tax, in accumulated other comprehensive loss for the three and nine months ended September 30, 2017, is shown below (in millions):
 
Three Months Ended 
 September 30, 2017
 
Nine Months Ended 
 September 30, 2017
Defined benefit plans:
 
 
 
Balance at beginning of period
$
(194.0
)
 
$
(192.8
)
Reclassification adjustments (net of tax expense of $0.3 million and $1.2 million in the three and nine months ended September 30, 2017, respectively)
0.9

 
3.4

Other comprehensive loss recognized during the period (net of tax impact of $— million in the three and nine months ended September 30, 2017)
(2.7
)
 
(6.4
)
Balance at end of period
$
(195.8
)
 
$
(195.8
)
 
 
 
 
Derivative instruments and hedging:
 
 
 
Balance at beginning of period
$
22.9

 
$
(45.1
)
Reclassification adjustments (net of tax benefit of $1.0 million and tax expense of $1.9 million in the three and nine months ended September 30, 2017, respectively)
(3.1
)
 
5.7

Other comprehensive income (loss) recognized during the period (net of tax benefit of $3.2 million and tax expense of $16.6 million in the three and nine months ended September 30, 2017, respectively)
(7.7
)
 
51.5

Balance at end of period
$
12.1

 
$
12.1

 
 
 
 
Foreign currency translation:
 
 
 
Balance at beginning of period
$
(440.2
)
 
$
(597.7
)
Other comprehensive income recognized during the period (net of tax impact of $— million in the three and nine months ended September 30, 2017)
87.1

 
244.6

Balance at end of period
$
(353.1
)
 
$
(353.1
)
A summary of changes, net of tax, in accumulated other comprehensive loss for the three and nine months ended October 1, 2016, is shown below (in millions):
 
Three Months Ended 
 October 1, 2016
 
Nine Months Ended 
 October 1, 2016
Defined benefit plans:
 
 
 
Balance at beginning of period
$
(196.3
)
 
$
(194.6
)
Reclassification adjustments (net of tax expense of $0.3 million and $1.0 million in the three and nine months ended October 1, 2016, respectively)
0.8

 
2.5

Other comprehensive income (loss) recognized during the period (net of tax impact of $— million in the three and nine months ended October 1, 2016)
0.7

 
(2.7
)
Balance at end of period
$
(194.8
)
 
$
(194.8
)
 
 
 
 
Derivative instruments and hedging:
 
 
 
Balance at beginning of period
$
(50.1
)
 
$
(38.7
)
Reclassification adjustments (net of tax expense of $6.0 million and $16.7 million in the three and nine months ended October 1, 2016, respectively)
17.1

 
46.2

Other comprehensive loss recognized during the period (net of tax benefit of $6.0 million and $20.5 million in the three and nine months ended October 1, 2016, respectively)
(16.3
)
 
(56.8
)
Balance at end of period
$
(49.3
)
 
$
(49.3
)
 
 
 
 
Foreign currency translation:
 
 
 
Balance at beginning of period
$
(467.4
)
 
$
(496.8
)
Other comprehensive income recognized during the period (net of tax impact of $— million in the three and nine months ended October 1, 2016)
8.0

 
37.4

Balance at end of period
$
(459.4
)
 
$
(459.4
)