Investments in Affiliates and Other Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2020

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,	2020	2019	2018
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	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 Hyundai Transys Co., Ltd. (China)	40	40	40
Hyundai Transys Lear Automotive Private Limited (India)	35	35	35
Techstars Corporate Partner 2017 LLC	34	38	—
RevoLaze, LLC	20	20	20
Maniv Mobility II A, L.P.	9	8	—
Autotech Fund II, L.P.	4	6	—
Trucks Venture Fund 2, L.P.	3	4	—
Dong Kwang Lear Yuhan Hoesa (Korea)	—	—	50

Summarized group financial information for affiliates accounted for under the equity method as of December 31, 2020 and 2019, and for the years ended December 31, 2020, 2019 and 2018, is shown below (unaudited; in millions):

December 31,	2020		2019
Balance sheet data:
Current assets	$	1,136.3	$	856.3
Non-current assets	194.4		173.9
Current liabilities	901.7		739.5
Non-current liabilities	6.2		6.6

For the year ended December 31,	2020		2019		2018
Income statement data:
Net sales	$	1,597.5	$	1,670.0	$	1,520.2
Gross profit	83.0		89.2		75.9
Income before provision for income taxes	73.8		85.7		60.0
Net income attributable to affiliates	44.8		53.5		42.2

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

December 31,	2020		2019
Aggregate investment in affiliates	$	142.9	$	119.5
Receivables due from affiliates (including notes and advances)	142.0		170.5
Payables due to affiliates	1.6		0.1

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,	2020		2019		2018
Sales to affiliates	$	656.4	$	647.2	$	603.0
Purchases from affiliates	1.9		1.6		2.0
Management and other fees for services provided to affiliates	28.3		35.5		29.6
Dividends received from affiliates	24.6		23.3		39.0

Summary of Fair Value of Assets Acquired and Liabilities Assumed

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

	December 31, 2019		Adjustments		December 31, 2020
Net purchase price	$	321.7	$	—	$	321.7
Other assets purchased and liabilities assumed, net	$	9.5	$	2.6	$	12.1
Goodwill	219.0		0.5		219.5
Intangible assets	93.2		(3.1)		90.1
Purchase price allocation	$	321.7	$	—	$	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