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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Apr. 01, 2023
Apr. 02, 2022
Cash Flows from Operating Activities:    
Consolidated net income $ 163.4 $ 66.6
Adjustments to reconcile consolidated net income to net cash provided by operating activities:    
Depreciation and amortization 147.2 143.4
Net change in recoverable customer engineering, development and tooling (34.6) (36.1)
Net change in working capital items (311.6) 38.1
Other, net 0.0 8.7
Net cash provided by (used in) operating activities (35.6) 220.7
Cash Flows from Investing Activities:    
Additions to property, plant and equipment (111.8) (130.3)
Acquisition of Kongsberg ICS, net of cash acquired 0.0 (184.2)
Other, net 2.3 11.9
Net cash used in investing activities (109.5) (302.6)
Cash Flows from Financing Activities:    
Repurchase of common stock (25.1) 0.0
Dividends paid to Lear Corporation stockholders (46.8) (47.4)
Other, net (10.6) (23.8)
Net cash used in financing activities (82.5) (71.2)
Effect of foreign currency translation 11.0 (3.4)
Net Change in Cash, Cash Equivalents and Restricted Cash (216.6) (156.5)
Cash, Cash Equivalents and Restricted Cash as of Beginning of Period 1,117.4 1,321.3
Cash, Cash Equivalents and Restricted Cash as of End of Period 900.8 1,164.8
Changes in Working Capital Items:    
Accounts receivable (671.2) (219.1)
Inventories (93.5) (49.0)
Accounts payable 352.6 276.9
Accrued liabilities and other 100.5 29.3
Net change in working capital items (311.6) 38.1
Supplementary Disclosure:    
Cash paid for interest 22.0 9.6
Cash paid for income taxes, net of refunds received $ 45.5 $ 49.9