XML 19 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 29, 2019
Jun. 30, 2018
Jun. 29, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Net sales $ 5,007.6 $ 5,580.8 $ 10,167.7 $ 11,314.5
Cost of sales 4,529.4 4,942.7 9,216.3 10,045.0
Selling, general and administrative expenses 157.1 156.8 305.4 312.2
Amortization of intangible assets 15.9 13.1 28.6 26.2
Interest expense 24.5 20.9 45.4 41.6
Other (income) expense, net 13.8 3.7 18.2 (1.9)
Consolidated income before provision for income taxes and equity in net income of affiliates 266.9 443.6 553.8 891.4
Provision for income taxes 73.3 97.7 116.4 175.4
Equity in net income of affiliates (8.4) (9.1) (10.7) (13.2)
Consolidated net income 202.0 355.0 448.1 729.2
Less: Net income attributable to noncontrolling interests 19.2 23.6 36.4 44.1
Net income attributable to Lear $ 182.8 $ 331.4 $ 411.7 $ 685.1
Basic net income per share available to Lear common stockholders (Note 14) (in dollars per share) $ 2.92 $ 4.86 $ 6.68 $ 10.05
Diluted net income per share available to Lear common stockholders (Note 14) (in dollars per share) 2.92 4.83 6.66 9.99
Cash dividends declared per share (in dollars per share) $ 0.75 $ 0.70 $ 1.50 $ 1.40
Average common shares outstanding (in shares) 62,191,022 66,320,362 62,501,419 66,701,228
Average diluted shares outstanding (in shares) 62,354,334 66,708,040 62,734,494 67,132,886
Consolidated comprehensive income (Condensed Consolidated Statements of Equity) $ 208.4 $ 89.4 $ 456.6 $ 609.4
Less: Comprehensive income attributable to noncontrolling interests 12.3 4.9 37.3 38.6
Comprehensive income attributable to Lear $ 196.1 $ 84.5 $ 419.3 $ 570.8