View Filing Data

$ 1,754.3

$ 1,654.1

1,880.1

1,758.4

637.8

554.2

489.3

418.8

4,761.5

4,385.5

1,072.0

994.7

628.6

614.6

548.8

626.3

2,249.4

2,235.6

7,010.9

6,621.1

4.1

2,014.3

1,838.4

1,049.2

976.0

3,063.5

2,818.5

695.4

694.9

690.9

538.9

Preferred stock, 100,000,000 shares authorized (including 10,896,250 shares of Series A convertible preferred stock authorized); no shares outstanding

1,386.3

1,233.8

Equity:

Common stock, $0.01 par value, 300,000,000 shares authorized; 107,486,539 and 105,498,880 shares issued as of December 31, 2011 and 2010, respectively

^[1]

1.1

Additional paid-in capital, including warrants to purchase common stock

^[1]

2,150.6

2,116.0

Common stock held in treasury, 6,799,597 and 322,130 shares as of December 31, 2011 and 2010, respectively, at cost

^[1]

(305.6)

(13.4)

Retained earnings

922.3

434.5

Accumulated other comprehensive loss

(332.0)

(78.0)

2,436.4

2,460.2

124.7

108.6

Liabilities and Equity, Total

2,561.1

2,568.8

^[2]

$ 7,010.9

$ 6,621.1

[1]	Share data as of December 31, 2010, has been retroactively adjusted to reflect the two-for-one stock split described in Note 11, "Capital Stock and Equity," to these consolidated financial statements.
[2]	Amounts for the year ended December 31, 2010, and the 2009 Successor Period, have been retroactively adjusted to reflect the two-for-one stock split described in Note 11, "Capital Stock and Equity," to these consolidated financial statements.

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares

Dec. 31, 2011

Dec. 31, 2010

Preferred stock, shares authorized

100,000,000

Series A convertible preferred stock, shares authorized

10,896,250

Preferred stock, shares outstanding

Common stock, par value

^[1]

$ 0.01

Common stock, shares authorized

^[1]

300,000,000

Common stock, shares issued

^[1]

107,486,539

105,498,880

Common stock held in treasury, shares

^[1]

6,799,597

322,130

[1]	Share data as of December 31, 2010, has been retroactively adjusted to reflect the two-for-one stock split described in Note 11, "Capital Stock and Equity," to these consolidated financial statements.

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions

2 Months Ended

3 Months Ended

10 Months Ended

12 Months Ended

Dec. 31, 2009

Dec. 31, 2011

Oct. 01, 2011

Jul. 02, 2011

Apr. 02, 2011

Dec. 31, 2010

Oct. 02, 2010

Jul. 03, 2010

Apr. 03, 2010

Nov. 07, 2009

Dec. 31, 2011

Dec. 31, 2010

Net sales

$ 1,580.9

$ 3,508.5

$ 3,460.0

$ 3,676.3

$ 3,511.7

$ 3,156.5

$ 2,820.3

$ 3,039.3

$ 2,938.5

$ 14,156.5

$ 11,954.6

Cost of sales

1,508.1

12,963.3

10,936.3

Selling, general and administrative expenses

71.2

485.6

452.7

Amortization of intangible assets

4.5

28.0

27.2

Interest expense ($221.1 million of contractual interest for the ten month period ended November 7, 2009)

11.1

39.7

55.4

Consolidated income (loss) before provision (benefit) for income taxes and equity in net (income) loss of affiliates

19.8

24.2

34.2

(33.8)

615.7

448.8

Equity in net (income) loss of affiliates

(24.2)

68.8

24.6

(1.9)

(23.5)

(37.2)

Consolidated net income (loss)

(7.7)

113.9

108.1

185.7

162.7

123.8

98.5

165.3

73.8

570.4

461.4

Less: Net income (loss) attributable to noncontrolling interests

(3.9)

29.7

23.1

Basic net income (loss) per share attributable to Lear

$ (3.8)

$ 106.5

$ 100.7

$ 177.5

$ 156.0

$ 117.1

$ 95.3

$ 159.8

$ 66.1

$ 540.7

$ 438.3

$ (0.06)

^[1],[2]

$ 1.05

$ 0.97

$ 1.70

$ 1.48

$ 1.12

$ 0.92

$ 1.58

$ 0.68

$ 5.21

^[1],[2]

$ 4.30

^[1],[2]

Diluted net income (loss) per share attributable to Lear

$ (0.06)

^[1],[2]

$ 1.03

$ 0.95

$ 1.65

$ 1.44

$ 1.08

$ 0.88

$ 1.48

$ 0.61

$ 5.08

^[1],[2]

$ 4.05

^[1],[2]

Selling, general and administrative expenses

Net sales

$ 8,158.7

Cost of sales

7,871.3

376.7

Amortization of intangible assets

4.1

Goodwill impairment charges

319.0

Interest expense ($221.1 million of contractual interest for the ten month period ended November 7, 2009)

151.4

Reorganization items and fresh-start accounting adjustments, net

(16.6)

(270.7)

Consolidated income (loss) before provision (benefit) for income taxes and equity in net (income) loss of affiliates

(276.5)

Equity in net (income) loss of affiliates

29.2

64.0

Consolidated net income (loss)

(369.7)

Less: Net income (loss) attributable to noncontrolling interests

16.2

Basic net income (loss) per share attributable to Lear

$ (385.9)

^[1],[2]

$ (4.98)

Diluted net income (loss) per share attributable to Lear

^[1],[2]

$ (4.98)

[1]	Per share data for the year ended December 31, 2010, and the 2009 Successor Period has been retroactively adjusted to reflect the two-for-one stock split described in Note 11, "Capital Stock and Equity," to these consolidated financial statements.
[2]	Share and per share data for the year ended December 31, 2010, and the 2009 Successor Period has been retroactively adjusted to reflect the two-for-one stock split described in Note 11, "Capital Stock and Equity."

CONSOLIDATED STATEMENTS OF OPERATIONS (Parenthetical) $ in Millions	10 Months Ended
	Nov. 07, 2009 USD ($)
Predecessor
Interest expense, contractual interest	$ 221.1

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	2 Months Ended	10 Months Ended	12 Months Ended
	Dec. 31, 2009	Nov. 07, 2009	Dec. 31, 2011	Dec. 31, 2010
Cash Flows from Operating Activities:
Consolidated net income (loss)	$ (7.7)		$ 570.4	$ 461.4
Adjustments to reconcile consolidated net income (loss) to net cash provided by (used in) operating activities -
Equity in net (income) loss of affiliates	(1.9)		(23.5)	(37.2)
Loss on extinguishment of debt				11.8
Fixed asset impairment charges			2.2	7.2
Deferred tax provision (benefit)	(2.4)		(55.8)	(10.9)
Depreciation and amortization	39.8		246.3	235.9
Stock-based compensation	8.0		34.6	22.9
Net change in recoverable customer engineering, development and tooling	11.0		(11.4)	(40.7)
Net change in working capital items (see below)	291.2		(6.3)	48.3
Changes in other long-term liabilities	(35.9)		10.7	(53.4)
Changes in other long-term assets	(1.7)		21.3	(26.9)
Other, net	23.6		1.8	3.5
Net cash provided by (used in) operating activities	324.0		790.3	621.9
Cash Flows from Investing Activities:
Additions to property, plant and equipment	(41.3)		(329.5)	(193.3)
Cost of acquisitions, net of cash acquired			(8.6)	(12.3)
Net proceeds from disposition of businesses and other assets	4.0		9.9	18.6
Other, net	(2.2)		25.0	(5.1)
Net cash used in investing activities	(39.5)		(303.2)	(192.1)
Cash Flows from Financing Activities:
Proceeds from the issuance of successor senior notes				694.5
First lien credit agreement borrowings (repayments)				(375.0)
Second lien credit agreement repayments				(550.0)
Payment of debt issuance and other financing costs			(4.8)	(17.6)
Other long-term debt repayments, net	(1.9)		(1.1)	(9.3)
Short-term borrowings (repayments), net	6.6		(4.0)	(34.0)
Repurchase of common stock			(279.1)
Dividends paid to Lear Corporation stockholders			(51.1)
Dividends paid to noncontrolling interests	(7.0)		(18.5)	(16.2)
Other, net	32.5		(13.7)	(13.1)
Net cash provided by (used in) financing activities	30.2		(372.3)	(320.7)
Effect of foreign currency translation	(15.1)		(14.6)	(9.0)
Net Change in Cash and Cash Equivalents	299.6		100.2	100.1
Cash and Cash Equivalents at Beginning of Period	1,254.4		1,654.1	1,554.0
Cash and Cash Equivalents at End of Period	1,554.0	$ 1,254.4	1,754.3	1,654.1
Changes in Working Capital:
Accounts receivable	337.0		(165.8)	(291.3)
Inventories	27.2		(101.0)	(106.8)
Accounts payable	10.2		216.7	318.4
Accrued liabilities and other	(83.2)		43.8	128.0
Net change in working capital items	291.2		(6.3)	48.3
Supplementary Disclosure:
Cash paid for interest	0.5		59.9	57.0
Cash paid for income taxes, net of refunds received of $21.1 in 2011, $25.3 in 2010 and $26.9 in the ten month period ended November 7, 2009	4.3		$ 79.8	$ 57.5
Predecessor
Cash Flows from Operating Activities:
Consolidated net income (loss)		(369.7)
Adjustments to reconcile consolidated net income (loss) to net cash provided by (used in) operating activities -
Reorganization items and fresh start accounting adjustments, net		(270.7)
Goodwill impairment charges		319.0
Equity in net (income) loss of affiliates		64.0
Fixed asset impairment charges		5.6
Deferred tax provision (benefit)		32.2
Depreciation and amortization		223.9
Stock-based compensation		7.3
Net change in recoverable customer engineering, development and tooling		(9.6)
Net change in working capital items (see below)		(297.0)
Net change in sold accounts receivable		(138.5)
Changes in other long-term liabilities		(75.0)
Changes in other long-term assets		(4.6)
Other, net		13.9
Net cash provided by (used in) operating activities		(499.2)
Cash Flows from Investing Activities:
Additions to property, plant and equipment		(77.5)
Cost of acquisitions, net of cash acquired		(4.4)
Net proceeds from disposition of businesses and other assets		29.7
Other, net		(0.5)
Net cash used in investing activities		(52.7)
Cash Flows from Financing Activities:
Debtor-in-possession term loan borrowings		500.0
Debtor-in-possession term loan repayments		(500.0)
First lien credit agreement borrowings (repayments)		375.0
Second lien credit agreement repayments		(50.0)
Payment of debt issuance and other financing costs		(70.6)
Other long-term debt repayments, net		(0.5)
Short-term borrowings (repayments), net		(11.4)
Prepayment of Series A preferred stock in connection with emergence from Chapter 11		(50.0)
Dividends paid to noncontrolling interests		(16.8)
Other, net		(10.7)
Net cash provided by (used in) financing activities		165.0
Effect of foreign currency translation		49.2
Net Change in Cash and Cash Equivalents		(337.7)
Cash and Cash Equivalents at Beginning of Period	$ 1,254.4	1,592.1
Cash and Cash Equivalents at End of Period		1,254.4
Changes in Working Capital:
Accounts receivable		(426.0)
Inventories		66.0
Accounts payable		50.3
Accrued liabilities and other		12.7
Net change in working capital items		(297.0)
Supplementary Disclosure:
Cash paid for interest		78.9
Cash paid for income taxes, net of refunds received of $21.1 in 2011, $25.3 in 2010 and $26.9 in the ten month period ended November 7, 2009		$ 60.0

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Millions	10 Months Ended	12 Months Ended
	Nov. 07, 2009	Dec. 31, 2011	Dec. 31, 2010
Cash paid for income taxes, refunds received		$ 21.1	$ 25.3
Predecessor
Cash paid for income taxes, refunds received	$ 26.9

CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Millions

Total

Preferred Stock

Common Stock

Additional Paid- in Capital

Treasury Stock

Retained Earnings (Deficit)

Accumulated Other Comprehensive Loss, net of tax Defined Benefit Plans

Accumulated Other Comprehensive Loss, net of tax Derivative Instruments and Hedging Activities

Accumulated Other Comprehensive Loss, net of tax Cumulative Translation Adjustments

Lear Stockholders' Equity

Non- controlling Interests

Beginning Balance (Predecessor) at Dec. 31, 2008

$ 247.7

$ 0.8

$ 1,371.7

$ (176.1)

$ (818.2)

$ (174.0)

$ (88.8)

$ 83.5

$ 198.9

$ 48.8

Issuance of 10,896,250 shares of Series A preferred stock, net of $50.0 million prepayment in connection with emergence from Chapter 11

450.0

$ 450.0

450.0

Other comprehensive income | Predecessor

Net income | Predecessor

(369.7)

(385.9)

16.2

119.5

14.9

47.7

55.9

118.5

1.0

Total comprehensive income (loss) | Predecessor

(250.2)

(385.9)

14.9

47.7

55.9

(267.4)

17.2

Issuance of 68,234,772 shares of common stock and 8,157,249 warrants in connection with emergence from Chapter 11

^[1]

1,636.2

0.7

1,635.5

1,636.2

Stock-based compensation | Predecessor

7.7

1.6

6.1

7.7

Dividends paid to noncontrolling interests | Predecessor

(16.8)

Cancellation of Predecessor Common Stock | Predecessor

(0.8)

(1,373.3)

170.0

1,204.1

Fresh-start accounting adjustments | Predecessor

115.3

159.1

41.1

(139.4)

60.8

54.5

Ending Balance (Predecessor) at Nov. 07, 2009

103.7

Ending Balance at Nov. 07, 2009

^[1]

2,189.9

450.0

0.7

1,635.5

2,086.2

103.7

Other comprehensive income

Net income

(7.7)

(3.8)

(3.9)

(1.4)

9.2

(10.5)

(1.3)

(0.1)

Total comprehensive income (loss)

(9.1)

(3.8)

9.2

(10.5)

(5.1)

(4.0)

Conversion of 9,881,303 in 2010 and 1,014,947 in 2009 shares of Series A preferred stock

(41.9)

41.9

Stock-based compensation

8.0

Dividends paid to noncontrolling interests

(7.0)

Ending Balance at Dec. 31, 2009

^[1]

2,181.8

408.1

0.7

1,685.4

(3.8)

9.2

(10.5)

2,089.1

92.7

Other comprehensive income

Net income

461.4

438.3

23.1

(74.2)

(66.6)

(1.3)

(8.8)

(76.7)

2.5

Total comprehensive income (loss)

387.2

438.3

(66.6)

(1.3)

(8.8)

361.6

25.6

Conversion of 9,881,303 in 2010 and 1,014,947 in 2009 shares of Series A preferred stock

$ (408.1)

0.2

407.9

Issuance of 1,092,437 in 2011, 10,869,802 in 2010 and 3,560,030 in 2009 shares of common stock related to exercises of warrants

^[1]

0.1

(0.1)

Stock-based compensation

9.5

0.1

22.8

(13.4)

9.5

Dividends paid to noncontrolling interests

(16.2)

Transaction with affiliates

6.5

Ending Balance at Dec. 31, 2010

^[1]

2,568.8

1.1

2,116.0

(13.4)

434.5

(57.4)

(1.3)

(19.3)

2,460.2

108.6

Other comprehensive income

Net income

570.4

540.7

29.7

(251.5)

(181.7)

(36.3)

(36.0)

(254.0)

2.5

Total comprehensive income (loss)

318.9

540.7

(181.7)

(36.3)

(36.0)

286.7

32.2

Stock-based compensation

21.5

34.6

(13.1)

21.5

Repurchases of 6,182,429 shares of common stock at an average price of $45.15 per share

(279.1)

Dividends declared to Lear Corporation stockholders

(52.9)

Dividends paid to noncontrolling interests

(18.5)

Addition to noncontrolling interests

2.4

Ending Balance at Dec. 31, 2011

$ 2,561.1

$ 1.1

$ 2,150.6

$ (305.6)

$ 922.3

$ (239.1)

$ (37.6)

$ (55.3)

$ 2,436.4

$ 124.7

[1]	Amounts for the year ended December 31, 2010, and the 2009 Successor Period, have been retroactively adjusted to reflect the two-for-one stock split described in Note 11, "Capital Stock and Equity," to these consolidated financial statements.

CONSOLIDATED STATEMENTS OF EQUITY (Parenthetical) - USD ($) $ in Millions	2 Months Ended	10 Months Ended	12 Months Ended
	Dec. 31, 2009	Nov. 07, 2009	Dec. 31, 2011	Dec. 31, 2010
Series A convertible preferred stock, shares issued		10,896,250
Prepayment of Series A preferred stock		$ 50.0
Common stock shares issued		68,234,772
Warrants issued		8,157,249
Series A preferred stock shares converted	1,014,947			9,881,303
Issuance of common stock related to exercises of warrants, shares	3,560,030		1,092,437	10,869,802
Common stock, shares repurchase			6,182,429
Common stock, shares repurchase price per share			$ 45.15
Predecessor
Stock-based compensation, issuance of common stock shares		120,363
Stock-based compensation, average price of common stock		$ 50.56

Basis of Presentation

12 Months Ended

Dec. 31, 2011

Basis of Presentation

(1) Basis of Presentation

Lear Corporation (“Lear”) and its affiliates design and manufacture complete automotive seat systems and related components, as well as electrical distribution systems and related components. Lear’s main customers are automotive original equipment manufacturers. Lear operates facilities worldwide (Note 14, “Segment Reporting”).

On November 9, 2009, Lear and certain of its U.S. and Canadian subsidiaries emerged from bankruptcy proceedings under Chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”) (“Chapter 11”). In accordance with the provisions of FASB Accounting Standards Codification^TM (“ASC”) 852, “Reorganizations,” Lear adopted fresh-start accounting upon its emergence from Chapter 11 bankruptcy proceedings and became a new entity for financial reporting purposes as of November 7, 2009. Accordingly, the consolidated financial statements for the reporting entity subsequent to emergence from Chapter 11 bankruptcy proceedings (the “Successor”) are not comparable to the consolidated financial statements for the reporting entity prior to emergence from Chapter 11 bankruptcy proceedings (the “Predecessor”).

In addition, ASC 852 requires that financial statements, for periods including and subsequent to a Chapter 11 bankruptcy filing, distinguish between transactions and events that are directly associated with the reorganization proceedings and the ongoing operations of the business, as well as contain additional disclosures. Effective July 7, 2009, expenses, gains and losses directly associated with the reorganization proceedings are reported as reorganization items and fresh-start accounting adjustments, net in the accompanying consolidated statement of operations for the ten month period ended November 7, 2009. In addition, liabilities subject to compromise in the Chapter 11 bankruptcy proceedings are distinguished from liabilities not subject to compromise and from post-petition liabilities. Liabilities subject to compromise were reported at amounts allowed or expected to be allowed under the Chapter 11 bankruptcy proceedings. For the period from July 7, 2009 through November 7, 2009, contractual interest expense related to liabilities subject to compromise of $69.7 million was not recorded as it was not an allowed claim under the Chapter 11 bankruptcy proceedings. The “Company,” when used in reference to the period subsequent to emergence from Chapter 11 bankruptcy proceedings, refers to the Successor, and when used in reference to periods prior to emergence from Chapter 11 bankruptcy proceedings, refers to the Predecessor. In addition, results for the two month period ended December 31, 2009, are referred to as the “2009 Successor Period,” and results for the ten month period ended November 7, 2009, are referred as the “2009 Predecessor Period.” For further information regarding the Company’s filing under and emergence from Chapter 11 bankruptcy proceedings and the adoption of fresh-start accounting, see Note 2, “Reorganization under Chapter 11,” and Note 3, “Fresh-Start Accounting.”

The accompanying Successor and Predecessor consolidated financial statements include the accounts of Lear, a Delaware corporation, and the wholly owned and less than wholly owned subsidiaries controlled by Lear.

In the previously issued financial statements, the cancellation of Predecessor common stock, resulting from the Company’s emergence from bankruptcy proceedings and the application of fresh-start accounting, was reflected as a gain in reorganization items and fresh-start accounting adjustments, net in the 2009 Predecessor consolidated statement of operations. In the revised financial statements, the cancellation of Predecessor common stock is reflected as a direct increase in retained earnings (deficit) in the 2009 Predecessor consolidated statement of equity. As a result, certain items in the 2009 Predecessor consolidated statements of operations and equity were revised by $1,204.1 million as shown below (in millions):


	As Previously Reported			As Revised
Consolidated statement of operations:
Reorganization items and fresh-start accounting adjustments, net	$	(1,474.8	)	$	(270.7	)
Consolidated income (loss) before provision (benefit) for income taxes and equity in net (income) loss of affiliates		927.6			(276.5	)
Consolidated net income (loss)		834.4			(369.7	)
Net income (loss) attributable to Lear		818.2			(385.9	)
Consolidated statement of equity:
Net income (loss)		818.2			(385.9	)
Comprehensive income (loss)		936.7			(267.4	)
Reorganization items and fresh-start accounting adjustments, net		(1,143.3	)		60.8

This revision had no impact on the consolidated balance sheets and no impact on net cash provided by or used in operating, investing or financing activities for the 2009 Predecessor Period. Further, this revision had no impact on the consolidated financial statements for any Successor reporting period.

The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 2-6
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Name Statement of Position (SOP)
-Publisher AICPA
-Number 94-6
-Paragraph 10
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Name FASB Interpretation (FIN)
-Publisher FASB
-Number 46R
-Paragraph 4, 14, 15
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18780-107790

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 10
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6359553&loc=d3e288-107754

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-URI http://asc.fasb.org/subtopic&trid=2197480

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6921930&loc=d3e5614-111684

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 915
-SubTopic 235
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6472506&loc=d3e38932-110933

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 852
-SubTopic 10
-URI http://asc.fasb.org/subtopic&trid=2209116

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 272
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6373374&loc=d3e70478-108055

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6970148&loc=SL6228881-111685

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 10
-URI http://asc.fasb.org/subtopic&trid=2122150

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6359566&loc=d3e326-107755

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 720
-SubTopic 15
-URI http://asc.fasb.org/subtopic&trid=2122524

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-URI http://asc.fasb.org/subtopic&trid=2134480

Reference 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Staff Position (FSP)
-Number FAS140-4/FIN46(R)-8
-Paragraph 8, C1, C7
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Summary of Significant Accounting Policies

Fresh-Start Accounting

12 Months Ended

Dec. 31, 2011

Fresh-Start Accounting

(2) Reorganization under Chapter 11

In 2009, the Company completed a comprehensive evaluation of its strategic and financial options and concluded that voluntarily filing for bankruptcy protection under Chapter 11 was necessary in order to re-align the Company’s capital structure to address lower industry production and capital market conditions and position the Company’s business for long-term success. On July 7, 2009, Lear Corporation and certain of its U.S. and Canadian subsidiaries (the “Canadian Debtors” and collectively, the “Debtors”) filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”) (Consolidated Case No. 09-14326). On July 9, 2009, the Canadian Debtors also filed petitions for protection under section 18.6 of the Companies’ Creditors Arrangement Act in the Ontario Superior Court, Commercial List (the “Canadian Court”). Lear’s remaining subsidiaries, consisting primarily of non-U.S. and non-Canadian subsidiaries, were not subject to the requirements of the Bankruptcy Code. On September 12, 2009, the Debtors filed with the Bankruptcy Court their First Amended Joint Plan of Reorganization (as amended and supplemented, the “Plan” or “Plan of Reorganization”) and their Disclosure Statement (as amended and supplemented, the “Disclosure Statement”). On November 5, 2009, the Bankruptcy Court entered an order approving and confirming the Plan (the “Confirmation Order”), and on November 6, 2009, the Canadian Court entered an order recognizing the Confirmation Order and giving full force and effect to the Confirmation Order and Plan under applicable Canadian law. On November 9, 2009 (the “Effective Date”), the Debtors consummated the reorganization contemplated by the Plan and emerged from Chapter 11 bankruptcy proceedings.

Post-Emergence Capital Structure

Following the Effective Date and after giving effect to the Excess Cash Paydown (as described below) and total borrowings under the first lien credit agreement, the Company’s capital structure consisted of the following:

•

$375 million and $550 million of term loans outstanding under the first lien credit agreement and the second lien credit agreement, respectively;

•

$450 million, or 10,896,250 shares, of Series A convertible participating preferred stock (the “Series A Preferred Stock”); and

•

A single class of Common Stock, par value $0.01 per share (the “Common Stock”), including sufficient shares to provide for (i) management equity grants, (ii) the conversion of the Series A Preferred Stock into Common Stock and (iii) warrants to purchase 15%, or 16,314,498 shares, of the Company’s Common Stock, on a fully diluted basis (the “Warrants”) and after giving effect to the two-for-one stock split described in Note 11, “Capital Stock and Equity.”

Pursuant to the Plan, to the extent that the Company had liquidity on the Effective Date in excess of $1.0 billion, subject to certain working capital and other adjustments and accruals, the amount of such excess would be utilized (i) first, to prepay the Series A Preferred Stock in an aggregate stated value of up to $50 million; (ii) second, to prepay term loans provided under the second lien credit agreement in an aggregate principal amount of up to $50 million; and (iii) third, to reduce borrowings under the first lien credit agreement (such prepayments and reductions, the “Excess Cash Paydown”). After giving effect to certain working capital and other adjustments and accruals, the resulting aggregate Excess Cash Paydown was approximately $225 million. The Excess Cash Paydown was applied, in accordance with the Plan, (i) first, to prepay the Series A Preferred Stock in an aggregate stated value of $50 million; (ii) second, to prepay the term loans provided under the second lien credit agreement in an aggregate principal amount of $50 million; and (iii) third, to reduce borrowings under the first lien credit agreement by an aggregate principal amount of approximately $125 million.

In March 2010, the Company issued $700 million in aggregate principal amount at maturity of senior unsecured notes due 2018 and 2020 and repaid in full the term loans provided under its first and second lien credit agreements. In November 2010, each issued and outstanding share of Series A Preferred Stock converted on a two-for-one basis into shares of newly issued Common Stock. For more information on the Company’s current capital structure, see Note 8, “Long-Term Debt,” and Note 11, “Capital Stock and Equity.”

Cancellation of Certain Pre-Petition Obligations

Under the Plan, the Company’s pre-petition equity, debt and certain of its other obligations were cancelled and extinguished, as follows:

•

The Predecessor common stock was extinguished, and no distributions were made to the Predecessor’s former shareholders;

•

The Predecessor’s pre-petition debt securities were cancelled, and the indentures governing such debt securities were terminated (other than for the purposes of allowing holders of the notes to receive distributions under the Plan and allowing the trustees to exercise certain rights); and

•

The Predecessor’s pre-petition primary credit facility was cancelled (other than for the purposes of allowing creditors under that facility to receive distributions under the Plan and allowing the administrative agent to exercise certain rights).

For further information regarding the resolution of certain of the Company’s other pre-petition liabilities in accordance with the Plan, see Note 3, “Fresh-Start Accounting – Liabilities Subject to Compromise,” and Note 13, “Commitments and Contingencies.”

Fresh Start Adjustment

Fresh-Start Accounting

(3) Fresh-Start Accounting

As discussed in Note 2, “Reorganization under Chapter 11,” the Debtors emerged from Chapter 11 bankruptcy proceedings on November 9, 2009. As a result, the Successor adopted fresh-start accounting as (i) the reorganization value of the Predecessor’s assets immediately prior to the confirmation of the Plan was less than the total of all post-petition liabilities and allowed claims and (ii) the holders of the Predecessor’s existing voting shares immediately prior to the confirmation of the Plan received less than 50% of the voting shares of the emerging entity. Accounting principles generally accepted in the United States (“GAAP”) require the adoption of fresh-start accounting as of the Plan confirmation date, or as of a later date when all material conditions precedent to the Plan’s becoming effective are resolved, which occurred on November 9, 2009. The Company elected to adopt fresh-start accounting as of November 7, 2009, to coincide with the timing of its normal October accounting period close. Other than transactions specifically contemplated by the Plan, which have been reflected in the consolidated financial statements for the 2009 Predecessor Period, there were no transactions that occurred from November 8, 2009 through November 9, 2009, that would materially impact the Company’s consolidated financial position, results of operations or cash flows for the 2009 Successor or 2009 Predecessor Periods.

Reorganization Value

The Bankruptcy Court confirmed the Plan that included a distributable value (or reorganization value) of $3,054 million as set forth in the Disclosure Statement. For purposes of the Plan and the Disclosure Statement, the Company and certain secured and unsecured creditors agreed upon this value as of the bankruptcy filing date. This reorganization value was determined to be a fair and reasonable value and is within the range of values considered by the Bankruptcy Court as part of the confirmation process. The reorganization value reflects a number of factors and assumptions, including the Company’s statements of operations and balance sheets, the Company’s financial projections, the amount of cash available to fund operations, current market conditions and a return to more normalized production and sales volumes. The range of values considered by the Bankruptcy Court of $2.9 billion to $3.4 billion was determined using comparable public company trading multiples and discounted cash flow valuation methodologies. The results of both valuation methodologies produced comparable ranges of net equity value.

The comparable public company analysis indentified a group of comparable companies giving consideration to lines of business, size, geographic footprint and customer base. The analysis compared the public market implied enterprise value for each comparable public company to its projected earnings before interest, taxes, depreciation and amortization (“EBITDA”). The calculated range of multiples for the comparable companies, which averaged approximately 4x, was used to estimate a range which was applied to the Company’s projected EBITDA to determine a range of enterprise values for the reorganized company or the reorganization value.

The discounted cash flow analysis was based on the Company’s projected financial information for the years 2009 through 2012. Forecasted industry production data for the years 2009 through 2012 contained in the projected financial information was based on production data produced by industry analysts and assumed a return to normalized production levels. North American light vehicle production was forecasted to grow from 8.0 million units in 2009 to 13.7 million in 2012. Similarly, European light vehicle production was forecasted to grow from 15.2 million units in 2009 to 17.3 million units in 2012. As a result of the assumed increase in industry production, as well as additional restructuring actions undertaken by the Company and a more favorable commodity cost environment, the Company’s EBITDA was forecasted to grow in 2012. In calculating the Company’s enterprise value using the discounted cash flow methodology, the Company’s EBITDA forecast was discounted using an estimate of the Company’s weighted average cost of capital of 13 to 14%.

While the Company considers the estimates and assumptions used to be reasonable, they are inherently subject to uncertainties and to a wide variety of significant business, economic and competitive risks, many of which are beyond the Company’s control and may not materialize. Changes in these estimates and assumptions may have had a significant effect on the determination of the Company’s reorganization value. The discounted cash flow analysis was based on then recent automotive industry and specific platform production volume projections developed by both third-party and internal forecasts, as well as commercial, wage and benefit, inflation and discount rate assumptions. Other significant assumptions included terminal value growth rate, terminal value margin rate, future capital expenditures and changes in working capital requirements.

Adoption of Fresh-start Accounting

Fresh-start accounting results in a new basis of accounting and reflects the allocation of the Company’s estimated fair value to its underlying assets and liabilities. The Company’s estimates of fair value are inherently subject to significant uncertainties and contingencies beyond the Company’s reasonable control. Accordingly, there can be no assurances that the estimates, assumptions, valuations, appraisals and financial projections will be realized, and actual results could vary materially.

The Company’s reorganization value was allocated to its assets in conformity with the procedures specified by ASC 805, “Business Combinations.” The excess of reorganization value over the fair value of tangible and identifiable intangible assets was recorded as goodwill. Liabilities existing as of the Effective Date, other than deferred taxes, were recorded at the present value of amounts expected to be paid using appropriate risk adjusted interest rates. Deferred taxes were determined in conformity with applicable income tax accounting standards. Predecessor accumulated depreciation, accumulated amortization, retained deficit, common stock and accumulated other comprehensive loss were eliminated.

Adjustments recorded to the Predecessor balance sheet as of November 7, 2009, resulting from the consummation of the Plan and the adoption of fresh-start accounting are summarized below (in millions):


	Predecessor November 7, 2009			Reorganization Adjustments ⁽¹⁾			Fresh-start Adjustments ⁽⁹⁾			Successor November 7, 2009
Assets
Current Assets:
Cash and cash equivalents	$	1,493.9		$	(239.5	)⁽²⁾	$	—		$	1,254.4
Accounts receivable		1,836.6			—			—			1,836.6
Inventories		471.8			—			9.1			480.9
Other		338.7			—			6.7			345.4

Total current assets		4,141.0			(239.5	)		15.8			3,917.3

Long-Term Assets:
Property, plant and equipment, net		1,072.3			—			(4.7	)		1,067.6
Goodwill		1,203.7			—			(582.3	)		621.4	⁽⁸⁾
Other		518.0			(20.2	)⁽³⁾		161.6			659.4

Total long-term assets		2,794.0			(20.2	)		(425.4	)		2,348.4

	$	6,935.0		$	(259.7	)	$	(409.6	)	$	6,265.7

Liabilities and Equity (Deficit)
Current Liabilities:
Short-term borrowings	$	30.4		$	—		$	—		$	30.4
Debtor-in-possession term loan		500.0			(500.0	) ⁽²⁾		—			—
Accounts payable and drafts		1,565.6			—			—			1,565.6
Accrued liabilities		884.7			(1.8	) ⁽²⁾		17.5			900.4
Current portion of long-term debt		4.2			—			—			4.2

Total current liabilities		2,984.9			(501.8	)		17.5			2,500.6

Long-Term Liabilities:
Long-term debt		8.2			925.0	⁽²⁾⁽⁴⁾		—			933.2
Other		679.7			—			(37.7	)		642.0

Total long-term liabilities		687.9			925.0			(37.7	)		1,575.2

Liabilities Subject to Compromise		3,635.6			(3,635.6	)⁽⁴⁾		—			—

Equity (Deficit):
Successor Series A Preferred Stock		—			450.0	⁽²⁾⁽⁴⁾		—			450.0
Successor Common Stock		—			0.7	⁽⁴⁾⁽⁷⁾		—			0.7
Successor additional paid-in capital		—			1,635.5	⁽⁴⁾⁽⁷⁾		—			1,635.5
Predecessor common stock		0.8			(0.8	) ⁽⁵⁾		—			—
Predecessor additional paid-in capital		1,373.3			(1,373.3	) ⁽⁵⁾		—			—
Predecessor common stock held in treasury		(170.0	)		170.0	⁽⁵⁾		—			—
Retained deficit		(1,565.9	)		2,070.6	⁽⁶⁾		(504.7	)		—
Accumulated other comprehensive loss		(60.8	)		—			60.8			—

Lear Corporation stockholders’ equity (deficit)		(422.6	)		2,952.7			(443.9	)		2,086.2
Noncontrolling interests		49.2			—			54.5			103.7

Equity (deficit)		(373.4	)		2,952.7			(389.4	)		2,189.9

	$	6,935.0		$	(259.7	)	$	(409.6	)	$	6,265.7

(1)

Represents amounts recorded as of the Effective Date for the consummation of the Plan, including the settlement of liabilities subject to compromise, the repayment of debtor-in-possession financing, the incurrence of new indebtedness and related cash payments, the issuances of Series A Preferred Stock and Common Stock and the cancellation of Predecessor common stock.

(2)	This adjustment reflects net cash payments recorded as of the Effective Date, including total borrowings under the first lien credit agreement and the Excess Cash Paydown (see Note 2, “Reorganization under Chapter 11”).


Borrowings under first lien credit agreement	$	375.0
Less: Debt issuance costs		(12.7	)

First lien credit agreement – net proceeds		362.3
Prepayment of second lien credit agreement		(50.0	)
Prepayment of Series A Preferred Stock		(50.0	)
Repayment of debtor-in-possession financing, principal and accrued interest		(501.8	)

Net cash payments	$	(239.5	)

Debt under the second lien credit agreement, the Series A Preferred Stock, the Common Stock and the Warrants were issued directly to third-party claimants in satisfaction of certain of the Company’s liabilities subject to compromise. Accordingly, these non-cash transactions are not included in the above calculation of net cash payments.

(3)	This adjustment reflects the write-off of $32.9 million of unamortized debt issuance costs related to the repayment of debtor-in-possession financing, offset by the capitalization of debt issuance costs related to the first lien credit agreement (see (2) above).

(4)	This adjustment reflects the settlement of liabilities subject to compromise (see “— Liabilities Subject to Compromise” below).


Settlement of liabilities subject to compromise	$	(3,635.6	)
Issuance of Successor Series A Preferred Stock (a)		500.0
Issuance of Successor Common Stock and Warrants (b)		1,636.2
Issuance of term loans provided under second lien credit agreement (a)		600.0

Gain on settlement of liabilities subject to compromise	$	(899.4	)

(a)

Prior to the Excess Cash Paydown.

(b)

See (7) below for a reconciliation of the reorganization value to the value of Successor Common Stock (including additional paid-in-capital).

The Company received cash proceeds of $375 million from debt issued under the first lien credit agreement. These proceeds were used, in part, to satisfy amounts outstanding under the Company’s debtor-in-possession credit facility, which were excluded from the Company’s liabilities subject to compromise. The remaining proceeds were available for general corporate purposes. Accordingly, cash proceeds from debt issued under the first lien credit agreement are not included in the above calculation of gain on settlement of liabilities subject to compromise.

(5)	This adjustment reflects the cancellation of the Predecessor common stock.

(6)	This adjustment reflects the cumulative impact of the reorganization adjustments discussed above.


Gain on settlement of liabilities subject to compromise	$	(899.4	)
Cancellation of Predecessor common stock (see (5) above)		(1,204.1	)
Write-off of unamortized debt issuance costs (see (3) above)		32.9

	$	(2,070.6	)

(7)	A reconciliation of the reorganization value to the value of Successor Common Stock as of the Effective Date is shown below:


Reorganization value	$	3,054.0
Less: First lien credit agreement		(375.0	)
Second lien credit agreement (c)		(550.0	)
Other debt		(42.8	)
Series A Preferred Stock (c)		(450.0	)

Reorganization value of Successor Common Stock and Warrants		1,636.2
Less: Fair value of Warrants (d)		305.9

Reorganization value of Successor Common Stock	$	1,330.3

Shares outstanding as of November 7, 2009		68,234,772
Per share value (e)	$	19.50

(c)

After giving effect to the Excess Cash Paydown.

(d)

For further information on the fair value of Warrants, see Note 11, “Capital Stock and Equity.”

(e)

The per share value of $19.50 was used to record the issuance of the Successor Common Stock, after giving effect to the two-for-one stock split described in Note 11, “Capital Stock and Equity.”

(8)	A reconciliation of the reorganization value of the Successor assets and goodwill is shown below:


Reorganization value	$	3,054.0
Plus: Liabilities (excluding debt and after giving effect to fresh-start accounting adjustments)		3,108.0
Fair value of noncontrolling interests		103.7

Reorganization value of Successor assets		6,265.7
Less: Successor assets (excluding goodwill and after giving effect to fresh-start accounting adjustments)		5,644.3

Reorganization value of Successor assets in excess of fair value – Successor goodwill	$	621.4

(9)	Represents the adjustment of assets and liabilities to fair value, or other measurement as specified by ASC 805, in conjunction with the adoption of fresh-start accounting. Significant adjustments are summarized below.


Elimination of Predecessor goodwill	$	1,203.7
Successor goodwill (see (8) above)		(621.4	)
Elimination of Predecessor intangible assets		29.0
Successor intangible asset adjustment (f)		(191.0	)
Defined benefit plans adjustment (g)		(55.0	)
Inventory adjustment (h)		(9.1	)
Property, plant and equipment adjustment (i)		4.7
Investments in non-consolidated affiliates adjustment (j)		(8.7	)
Noncontrolling interests adjustment (j)		54.5
Elimination of Predecessor accumulated other comprehensive loss and other adjustments		120.0

Pretax loss on fresh-start accounting adjustments		526.7
Tax benefit related to fresh-start accounting adjustments (k)		(22.0	)

Net loss on fresh-start accounting adjustments	$	504.7

(f)

Intangible assets – This adjustment reflects the fair value of intangible assets determined as of the Effective Date. For further information on the valuation of intangible assets, see Note 4, “Summary of Significant Accounting Policies.”

(g)

Defined benefit plans – This adjustment primarily reflects differences in assumptions, such as the expected return on plan assets and the weighted average discount rate related to the payment of benefit obligations, between the prior measurement date of December 31, 2008, and the Effective Date. For additional information on the Company’s defined benefit plans, see Note 10, “Pension and Other Postretirement Benefit Plans.”

(h)

Inventory – This amount adjusts inventory to fair value as of the Effective Date. Raw materials were valued at current replacement cost, work-in-process was valued at estimated finished goods selling price less estimated disposal costs, completion costs and a reasonable profit allowance for selling effort. Finished goods were valued at estimated selling price less estimated disposal costs and a reasonable profit allowance for selling effort.

(i)

Property, plant and equipment – This amount adjusts property, plant and equipment to fair value as of the Effective Date, giving consideration to the highest and best use of the assets. Fair value estimates were based on independent appraisals. Key assumptions used in the appraisals were based on a combination of income, market and cost approaches, as appropriate.

(j)

Investments in non-consolidated affiliates and noncontrolling interests – These amounts adjust investments in non-consolidated affiliates and noncontrolling interests to their estimated fair values. Estimated fair values were based on internal and external valuations using customary valuation methodologies, including comparable earnings multiples, discounted cash flows and negotiated transaction values.

(k)

Tax benefit – This amount reflects the tax benefits of $53.5 million related to the write-off of goodwill and other comprehensive loss, partially offset by the tax expense of $31.5 million related to the intangible asset and property, plant and equipment fair value adjustments. Tax expense related to the intangible asset and property, plant and equipment fair value adjustments was calculated by applying the appropriate tax rate, ranging from 0% to 35%, to the related adjustments in each jurisdiction.

Liabilities Subject to Compromise

Certain pre-petition liabilities were subject to compromise or other treatment under the Plan and were reported at amounts allowed or expected to be allowed by the Bankruptcy Court. Certain of these claims were resolved and satisfied as of the Effective Date, while others have been or will be resolved in periods subsequent to emergence from Chapter 11 bankruptcy proceedings. Although the allowed amount of certain disputed claims has not yet been determined, our liability associated with these disputed claims was discharged upon our emergence from Chapter 11 bankruptcy proceedings. Future dispositions with respect to certain allowed Class 5A claims will be satisfied out of a common stock and warrant reserve established for that purpose. Accordingly, the future resolution of these disputed claims will not have an impact on our post-emergence financial condition or results of operations. To the extent that disputed claims are settled for less than current estimates, additional distributions will be made from amounts remaining in the common stock and warrant reserve to holders of allowed Class 5A claims pursuant to the Plan. A summary of liabilities subject to compromise reflected in the Predecessor consolidated balance sheet as of November 7, 2009, is shown below:


Predecessor – November 7, 2009
Short-term borrowings	$	2.1
Accounts payable and drafts		0.3
Accrued liabilities		80.6
Debt subject to compromise
Pre-petition primary credit facility		2,240.6
8.50% Senior Notes, due 2013		298.0
8.75% Senior Notes, due 2016		589.3
5.75% Senior Notes, due 2014		399.5
Zero-coupon Convertible Senior Notes, due 2022		0.8
Accrued interest		61.5
Unamortized debt issuance costs		(37.1	)

Liabilities subject to compromise	$	3,635.6

Reorganization Items and Fresh-start Accounting Adjustments, Net

Reorganization items include expenses, gains and losses directly related to the Debtors’ reorganization proceedings. Fresh-start accounting adjustments reflect the impact of adoption of fresh-start accounting. A summary of reorganization items and fresh-start accounting adjustments, net for the 2009 Predecessor Period is shown below (in millions):


Predecessor – Ten Month Period Ended November 7, 2009
Pretax reorganization items:
Professional fees	$	26.9
Interest income		(0.2	)
Incentive compensation expense		40.1
Unamortized debt issuance costs related to the repayment of debtor in possession financing		32.9
Gain on settlement of liabilities subject to compromise		(899.4	)
Other		2.3

		(797.4	)

Pretax fresh-start accounting adjustments (see (9) above)		526.7

Reorganization items and fresh-start accounting adjustments, net	$	(270.7	)

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2011

(4) Summary of Significant Accounting Policies

Consolidation

Lear consolidates all entities, including variable interest entities, in which it has a controlling financial interest. Investments in affiliates in which Lear does not have control, but does have the ability to exercise significant influence over operating and financial policies, are accounted for under the equity method (Note 6, “Investments in Affiliates and Other Related Party Transactions”).

Fiscal Period Reporting

The Company’s annual financial results are reported on a calendar year basis, and quarterly interim results are reported using a thirteen week reporting calendar.

Cash and Cash Equivalents

Cash and cash equivalents include all highly liquid investments with original maturities of ninety days or less.

Accounts Receivable

The Company records accounts receivable as its products are shipped to its customers. The Company’s customers are the world’s major automotive manufacturers. The Company records accounts receivable reserves for known collectibility issues, as such issues relate to specific transactions or customer balances. As of December 31, 2011 and 2010, accounts receivable are reflected net of reserves of $30.7 million and $14.5 million, respectively. The Company writes off accounts receivable when it becomes apparent, based upon age or customer circumstances, that such amounts will not be collected. Generally, the Company does not require collateral for its accounts receivable.

Inventories

Inventories are stated at the lower of cost or market. Cost is determined using the first-in, first-out method. Finished goods and work-in-process inventories include material, labor and manufacturing overhead costs. The Company records inventory reserves for inventory in excess of production and/or forecasted requirements and for obsolete inventory in production and service inventories. As of December 31, 2011 and 2010, inventories are reflected net of reserves of $86.1 million and $83.5 million, respectively. A summary of inventories is shown below (in millions):


	Successor
December 31,	2011		2010
Raw materials	$	520.1	$	448.6
Work-in-process		36.0		32.9
Finished goods		81.7		72.7

Inventories	$	637.8	$	554.2

Pre-Production Costs Related to Long-Term Supply Arrangements

The Company incurs pre-production engineering and development (“E&D”) and tooling costs related to the products produced for its customers under long-term supply agreements. The Company expenses all pre-production E&D costs for which reimbursement is not contractually guaranteed by the customer. In addition, the Company expenses all pre-production tooling costs related to customer-owned tools for which reimbursement is not contractually guaranteed by the customer or for which the Company does not have a non-cancelable right to use the tooling. During 2011 and 2010, the Company capitalized $176.6 million and $133.2 million, respectively, of pre-production E&D costs for which reimbursement is contractually guaranteed by the customer. During 2011 and 2010, the Company also capitalized $166.8 million and $149.8 million, respectively, of pre-production tooling costs related to customer-owned tools for which reimbursement is contractually guaranteed by the customer or for which the Company has a non-cancelable right to use the tooling. These amounts are included in other current and long-term assets in the accompanying consolidated balance sheets. During 2011 and 2010, the Company collected $325.8 million and $243.3 million, respectively, of cash related to E&D and tooling costs.

The classification of recoverable customer engineering, development and tooling costs related to long-term supply agreements is shown below (in millions):


	Successor
December 31,	2011		2010
Current	$	96.0	$	77.9
Long-term		64.2		75.3

Recoverable customer engineering, development and tooling	$	160.2	$	153.2

Property, Plant and Equipment

Property, plant and equipment is stated at cost; however, as a result of the adoption of fresh-start accounting, property, plant and equipment was re-measured at estimated fair value as of November 7, 2009 (see Note 3, “Fresh-Start Accounting”). Costs associated with the repair and maintenance of the Company’s property, plant and equipment are expensed as incurred. Costs associated with improvements which extend the life, increase the capacity or improve the efficiency or safety of the Company’s property, plant and equipment are capitalized and depreciated over the remaining useful life of the related asset. Depreciable property is depreciated over the estimated useful lives of the assets, using principally the straight-line method as follows:


Buildings and improvements		10 to 40 years
Machinery and equipment		5 to 10 years

A summary of property, plant and equipment is shown below (in millions):


	Successor
December 31,	2011			2010
Land	$	106.1		$	106.0
Buildings and improvements		406.1			360.6
Machinery and equipment		988.6			761.8
Construction in progress		3.3			5.7

Total property, plant and equipment		1,504.1			1,234.1
Less – accumulated depreciation		(432.1	)		(239.4	)

Net property, plant and equipment	$	1,072.0		$	994.7

Depreciation expense was $218.3 million, $208.7 million, $35.2 million and $219.9 million for the years ended December 31, 2011 and 2010, the 2009 Successor Period and the 2009 Predecessor Period, respectively.

Impairment of Goodwill

Goodwill is not amortized but is tested for impairment on at least an annual basis. Impairment testing is required more often than annually if an event or circumstance indicates that an impairment is more likely than not to have occurred. In conducting its impairment testing, the Company first performs a qualitative assessment of whether it is more likely than not that a reporting unit’s fair value is less than its carrying amount. If not, no further goodwill impairment testing is performed. If it is more likely than not that a reporting unit’s fair value is less than its carrying amount, the Company then compares the fair value of each of its reporting units to the related net book value. If the net book value of a reporting unit exceeds its fair value, an impairment loss is measured and recognized. The Company conducts its annual impairment testing as of the first day of its fourth quarter.

The Company utilizes an income approach to estimate the fair value of each of its reporting units and a market valuation approach to further support this analysis. The income approach is based on projected debt-free cash flow which is discounted to the present value using discount factors that consider the timing and risk of cash flows. The Company believes that this approach is appropriate because it provides a fair value estimate based upon the reporting unit’s expected long-term operating cash flow performance. This approach also mitigates the impact of cyclical trends that occur in the industry. Fair value is estimated using recent automotive industry and specific platform production volume projections, which are based on both third-party and internally developed forecasts, as well as commercial, wage and benefit, inflation and discount rate assumptions. The discount rate used is the value-weighted average of the Company’s estimated cost of equity and of debt (“cost of capital”) derived using both known and estimated customary market metrics. The Company’s weighted average cost of capital is adjusted by reporting unit to reflect a risk factor, if necessary. Other significant assumptions include terminal value growth rates, terminal value margin rates, future capital expenditures and changes in future working capital requirements. While there are inherent uncertainties related to the assumptions used and to management’s application of these assumptions to this analysis, the Company believes that the income approach provides a reasonable estimate of the fair value of its reporting units. The market valuation approach is used to further support the Company’s analysis and is based on recent transactions involving comparable companies.

In 2011, the Company performed a qualitative assessment, completed as of the first day of its fourth quarter, which indicated that it was more likely than not that the fair value of each of the Company's reporting units exceeded its respective carrying value. Accordingly, no further goodwill impairment testing was required. The Company does not believe that any of its reporting units is at risk for impairment.

In the 2009 Predecessor Period, the Company’s annual goodwill impairment analysis, completed as of the first day of its fourth quarter, was based on the Company’s distributable value, which was approved by the Bankruptcy Court, and resulted in impairment charges of $319.0 million related to the electrical power management systems (“EPMS”) segment in the accompanying consolidated statement of operations for the 2009 Predecessor Period. For further information on the Company’s distributable value, see Note 3, “Fresh-Start Accounting.”

A summary of the changes in the carrying amount of goodwill, by reportable operating segment, for each of the periods in the two years ended December 31, 2011, is shown below (in millions):


	Seating			EPMS		Total
Balance as of December 31, 2009 – Successor	$	621.4		$	—	$	621.4
Foreign currency translation and other		(6.8	)		—		(6.8	)

Balance as of December 31, 2010 – Successor		614.6			—		614.6
Acquisition		15.0			—		15.0
Foreign currency translation and other		(1.0	)		—		(1.0	)

Balance as of December 31, 2011 – Successor	$	628.6		$	—	$	628.6

Intangible Assets

Intangible assets consist primarily of certain intangible assets recorded in connection with the adoption of fresh-start accounting. These intangible assets were recorded at their estimated fair value, which was based on independent appraisals, as of November 7, 2009. The technology intangible asset includes the Company’s proprietary patents. The value assigned to technology intangibles is based on the royalty savings method, which applies a hypothetical royalty rate to projected revenues attributable to the identified technologies. Royalty rates were determined based on analysis of market information and discussions with the Company’s management. The customer-based intangible asset includes the Company’s established relationships with its customers and the ability of these customers to generate future economic profits for the Company. The value assigned to customer-based intangibles is based on the present value of future earnings attributable to the asset group after recognition of required returns to other contributory assets. A summary of intangible assets as of December 31, 2011 and 2010, is shown below (in millions):


	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Weighted Average Useful Life (years)
Technology	$	20.1	$	(5.6	)	$	14.5		7.7
Customer-based		182.6		(54.8	)		127.8		7.0

Balance as of December 31, 2011 – Successor	$	202.7	$	(60.4	)	$	142.3		7.1


	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Weighted Average Useful Life (years)
Technology	$	20.0	$	(3.0	)	$	17.0		7.7
Customer-based		178.1		(29.7	)		148.4		7.0

Balance as of December 31, 2010 – Successor	$	198.1	$	(32.7	)	$	165.4		7.1

Excluding the impact of any future acquisitions, the Company’s estimated annual amortization expense for the five succeeding years is shown below (in millions):


Year	Expense
2012	$	29.0
2013		29.0
2014		29.0
2015		29.0
2016		24.6

For further information on the adoption of fresh-start accounting, see Note 3, “Fresh-Start Accounting.”

Impairment of Long-Lived Assets

The Company monitors its long-lived assets for impairment indicators on an ongoing basis in accordance with GAAP. If impairment indicators exist, the Company performs the required impairment analysis by comparing the undiscounted cash flows expected to be generated from the long-lived assets to the related net book values. If the net book value exceeds the undiscounted cash flows, an impairment loss is measured and recognized. An impairment loss is measured as the difference between the net book value and the fair value of the long-lived assets. Fair value is estimated based upon either discounted cash flow analyses or estimated salvage values. Cash flows are estimated using internal budgets based on recent sales data, independent automotive production volume estimates and customer commitments, as well as assumptions related to discount rates.

In the years ended December 31, 2011 and 2010, and the 2009 Predecessor Period, the Company recognized fixed asset impairment charges of $1.0 million, $3.6 million and $5.6 million, respectively, in conjunction with its restructuring actions (Note 5, “Restructuring”), as well as an additional $1.2 million and $3.6 million of fixed asset impairment charges in 2011 and 2010, respectively. As discussed in Note 3, “Fresh-Start Accounting,” the Company’s long-lived assets were re-measured at estimated fair value as of November 7, 2009, in connection with the adoption of fresh-start accounting.

Fixed asset impairment charges are recorded in cost of sales in the accompanying consolidated statements of operations for the years ended December 31, 2011 and 2010, and the 2009 Predecessor Period.

Impairment of Investments in Affiliates

The Company monitors its investments in affiliates for indicators of other-than-temporary declines in value on an ongoing basis in accordance with GAAP. If the Company determines that an other-than-temporary decline in value has occurred, it recognizes an impairment loss, which is measured as the difference between the recorded book value and the fair value of the investment. Fair value is generally determined using an income approach based on discounted cash flows or negotiated transaction values.

For information on impairment charges recorded in the 2009 Predecessor Period, see Note 6, “Investments in Affiliates and Other Related Party Transactions.” As discussed in Note 3, “Fresh-Start Accounting,” the Company’s investments in affiliates were re-measured at estimated fair value as of November 7, 2009, in connection with the adoption of fresh-start accounting.

Revenue Recognition and Sales Commitments

The Company enters into agreements with its customers to produce products at the beginning of a vehicle’s life cycle. Although such agreements do not provide for a specified quantity of products, once the Company enters into such agreements, the Company is generally required to fulfill its customers’ purchasing requirements for the production life of the vehicle. These agreements generally may be terminated by the Company’s customers at any time. Historically, terminations of these agreements have been minimal. In certain instances, the Company may be committed under existing agreements to supply products to its customers at selling prices which are not sufficient to cover the direct cost to produce such products. In such situations, the Company recognizes losses as they are incurred.

The Company receives purchase orders from its customers on an annual basis. Generally, each purchase order provides the annual terms, including pricing, related to a particular vehicle model. Purchase orders do not specify quantities. The Company recognizes revenue based on the pricing terms included in its annual purchase orders as its products are shipped to its customers. The Company is asked to provide its customers with annual price reductions as part of certain agreements. The Company accrues for such amounts as a reduction of revenue as its products are shipped to its customers. In addition, the Company has ongoing adjustments to its pricing arrangements with its customers based on the related content, the cost of its products and other commercial factors. Such pricing accruals are adjusted as they are settled with the Company’s customers.

Amounts billed to customers related to shipping and handling costs are included in net sales in the consolidated statements of operations. Shipping and handling costs are included in cost of sales in the consolidated statements of operations.

Cost of Sales and Selling, General and Administrative Expenses

Cost of sales includes material, labor and overhead costs associated with the manufacture and distribution of the Company’s products. Distribution costs include inbound freight costs, purchasing and receiving costs, inspection costs, warehousing costs and other costs of the Company’s distribution network. Selling, general and administrative expenses include selling, engineering and development and administrative costs not directly associated with the manufacture and distribution of the Company’s products.

Restructuring Costs

Restructuring costs include employee termination benefits, fixed asset impairment charges and contract termination costs, as well as other incremental costs resulting from the restructuring actions. These incremental costs principally include equipment and personnel relocation costs. The Company also incurs incremental manufacturing inefficiency costs at the operating locations impacted by the restructuring actions during the related restructuring implementation period. Restructuring costs are recognized in the Company’s consolidated financial statements in accordance with GAAP. Generally, charges are recorded as restructuring actions are approved and/or implemented.

Engineering and Development

Costs incurred in connection with the development of new products and manufacturing methods within one year of launch, to the extent not recoverable from the Company’s customers, are charged to cost of sales as incurred. Such costs are charged to selling, general and administrative expenses when incurred more than one year prior to launch. Engineering and development costs charged to selling, general and administrative expenses totaled $110.7 million, $81.4 million, $11.8 million and $71.6 million for the years ended December 31, 2011 and 2010, the 2009 Successor Period and the 2009 Predecessor Period, respectively.

Other (Income) Expense, Net

Other (income) expense, net includes non-income related taxes, foreign exchange gains and losses, discounts and expenses associated with the Company’s factoring facilities, gains and losses related to certain derivative instruments and hedging activities, gains and losses on the extinguishment of debt (Note 8, “Long-Term Debt”), gains and losses on the sales of fixed assets and other miscellaneous income and expense. A summary of other (income) expense, net is shown below (in millions):


	Successor									Predecessor
	Year Ended						Two Month Period Ended December 31, 2009			Ten Month Period Ended November 7, 2009
	December 31, 2011			December 31, 2010			Two Month Period Ended December 31, 2009			Ten Month Period Ended November 7, 2009
Other expense	$	27.8		$	37.2		$	20.2		$	30.2
Other income		(3.6	)		(3.0	)		(0.4	)		(46.8	)

Other (income) expense, net	$	24.2		$	34.2		$	19.8		$	(16.6	)

Income Taxes

The Company accounts for income taxes in accordance with GAAP. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between financial statement carrying amounts of existing assets and liabilities and their respective tax bases and tax loss and credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.

In determining the provision for income taxes for financial statement purposes, the Company makes certain estimates and judgments, which affect its evaluation of the carrying value of its deferred tax assets, as well as its calculation of certain tax liabilities. The Company evaluates the carrying value of its deferred tax assets on a quarterly basis. In completing this evaluation, the Company considers all available evidence in order to determine whether, based on the weight of the evidence, a valuation allowance for its deferred tax assets is necessary. Such evidence includes historical results, future reversals of existing taxable temporary differences and expectations for future taxable income (exclusive of the reversal of temporary differences and carryforwards), as well as the implementation of feasible and prudent tax planning strategies. If, based on the weight of the evidence, it is more likely than not that all or a portion of the Company’s deferred tax assets will not be realized, a valuation allowance is recorded.

The Company’s current and future provision for income taxes is significantly impacted by the initial recognition of and changes in valuation allowances in certain countries, particularly the United States. The Company intends to maintain these allowances until it is more likely than not that the deferred tax assets will be realized. The Company’s future provision for income taxes will include no tax benefit with respect to losses incurred and no tax expense with respect to income generated in these countries until the respective valuation allowance is eliminated.

Foreign Currency Translation

With the exception of foreign subsidiaries operating in highly inflationary economies, which are measured in U.S. dollars, assets and liabilities of foreign subsidiaries are translated into U.S. dollars at the foreign exchange rates in effect at the end of the period. Revenues and expenses of foreign subsidiaries are translated into U.S. dollars using an average of the foreign exchange rates in effect during the period. Translation adjustments that arise from translating a foreign subsidiary’s financial statements from the functional currency to the U.S. dollar are reflected in accumulated other comprehensive loss in the consolidated balance sheets.

Transaction gains and losses that arise from foreign exchange rate fluctuations on transactions denominated in a currency other than the functional currency, except certain long-term intercompany transactions or those transactions which operate as a hedge of long-term investments in foreign subsidiaries, are included in the consolidated statements of operations as incurred.

Stock-Based Compensation

The Company measures stock-based employee compensation expense at fair value in accordance with GAAP and recognizes such expense over the vesting period of the stock-based employee awards.

For further information related to the Company’s stock-based compensation programs, see Note 12, “Stock-Based Compensation.”

Net Income (Loss) Per Share Attributable to Lear

Basic net income (loss) per share attributable to Lear is computed using the two-class method by dividing net income (loss) attributable to Lear, after deducting undistributed earnings allocated to participating securities, by the average number of common shares outstanding during the period. Common shares issuable upon the satisfaction of certain conditions pursuant to a contractual agreement, such as those common shares contemplated as part of the Company’s emergence from Chapter 11 bankruptcy proceedings, are considered common shares outstanding and are included in the computation of basic net income (loss) per share attributable to Lear. The Company’s preferred shares that were outstanding during 2010 were considered participating securities. There were no preferred shares outstanding during 2011, as all of the Company’s remaining preferred shares outstanding were converted into shares of common stock on November 10, 2010. For the year ended December 31, 2010, average participating securities outstanding were 3,544,837 (such securities were convertible into 7,089,674 shares of common stock after giving effect to the two-for-one stock split described in Note 11, “Capital Stock and Equity”). For further information related to the Company’s preferred shares, see Note 11, “Capital Stock and Equity.”

Diluted net income (loss) per share attributable to Lear is computed using the treasury stock method by dividing net income (loss) attributable to Lear by the average number of common shares outstanding, including the dilutive effect of common stock equivalents using the average share price during the period.

A summary of information used to compute basic net income (loss) per share attributable to Lear is shown below (in millions, except share data):


	Successor								Predecessor
	Year Ended					Two Month Period Ended December 31, 2009			Ten Month Period Ended November 7, 2009
	Year Ended
	December 31, 2011		December 31, 2010
Net income (loss) attributable to Lear	$	540.7	$	438.3		$	(3.8	)	$	(385.9	)
Less: Undistributed earnings allocated to participating securities		—		(30.5	)		—			—

Net income (loss) available to Lear common shareholders	$	540.7	$	407.8		$	(3.8	)	$	(385.9	)

Average common shares outstanding ⁽¹⁾		103,750,223		94,814,044			69,050,374			77,499,860

Basic net income (loss) per share attributable to Lear ⁽¹⁾	$	5.21	$	4.30		$	(0.06	)	$	(4.98	)

(1)	Share and per share data for the year ended December 31, 2010, and the 2009 Successor Period has been retroactively adjusted to reflect the two-for-one stock split described in Note 11, “Capital Stock and Equity.”

A summary of information used to compute diluted net income (loss) per share attributable to Lear is shown below (in millions, except share data):


	Successor							Predecessor
	Year Ended				Two Month Period Ended December 31, 2009			Ten Month Period Ended November 7, 2009
	December 31, 2011		December 31, 2010		Two Month Period Ended December 31, 2009			Ten Month Period Ended November 7, 2009
Net income (loss) attributable to Lear	$	540.7	$	438.3	$	(3.8	)	$	(385.9	)

Average common shares outstanding ⁽¹⁾		103,750,223		94,814,044		69,050,374			77,499,860
Dilutive effect of common stock equivalents ⁽¹⁾		2,594,144		13,308,106		—			—

Average diluted shares outstanding ⁽¹⁾		106,344,367		108,122,150		69,050,374			77,499,860

Diluted net income (loss) per share attributable to Lear ⁽¹⁾	$	5.08	$	4.05	$	(0.06	)	$	(4.98	)

(1)	Share and per share data for the year ended December 31, 2010, and the 2009 Successor Period has been retroactively adjusted to reflect the two-for-one stock split described in Note 11, “Capital Stock and Equity.”

Each of the Company’s participating securities was convertible into two shares of common stock, after giving effect to the two-for-one stock split described in Note 11, “Capital Stock and Equity,” and participated ratably with common stock on dividends. Accordingly, in the year ended December 31, 2010, and the 2009 Successor Period, diluted net income (loss) per share attributable to Lear computed using the two-class method produced the same results. In the year ended December 31, 2011, and the 2009 Predecessor Period, there were no participating securities outstanding.

The effect of certain common stock equivalents, including shares of preferred stock, warrants, restricted stock units, performance units, stock appreciation rights and options were excluded from the computation of average diluted shares outstanding in the 2009 Successor Period and the 2009 Predecessor Period, as inclusion would have resulted in antidilution. A summary of these common stock equivalents, including the related option exercise prices, is shown below:


	Successor		Predecessor
	Two Month Period Ended December 31, 2009		Ten Month Period Ended November 7, 2009


Shares of preferred stock ⁽¹⁾		9,881,303		—
Warrants ⁽¹⁾		6,377,068		—
Restricted stock units		2,603,226		507,139
Performance units		—		84,709
Stock appreciation rights		—		1,875,807
Options		—		952,350
Exercise prices		N/A	$	22.12 -$55.33

(1)

The number of shares of preferred stock and warrants outstanding were unaffected by the two-for-one stock split described in Note 11, “Capital Stock and Equity;” however, the number of shares of common stock issued upon conversion or exercise of each share of preferred stock or warrant would reflect the impact of the two-for-one stock split.

Net income (loss) per share attributable to Lear for the years ended December 31, 2011 and 2010, and the 2009 Successor Period is not comparable to that in the 2009 Predecessor Period, as all Predecessor common stock was extinguished under the Plan.

Product Warranty

The Company records product warranty reserves based on its individual customer agreements. Product warranty reserves are recorded for known warranty issues when liability for such issues is probable and related amounts are reasonably estimable.

Segment Reporting

The Company has two reportable operating segments: seating, which includes seat systems and related components, such as seat frames, recliner mechanisms, seat tracks, seat trim covers, headrests and seat foam, and EPMS, which includes wiring, connectors, junction boxes and various other components of electrical distribution systems for traditional powertrain vehicles, as well as for hybrid and electric vehicles. The other category includes unallocated costs related to corporate headquarters, regional headquarters and the elimination of intercompany activities, none of which meets the requirements for being classified as an operating segment.

Each of the Company’s operating segments reports its results from operations and makes its requests for capital expenditures directly to the chief operating decision-making group. The economic performance of each operating segment is driven primarily by automotive production volumes in the geographic regions in which it operates, as well as by the success of the vehicle platforms for which it supplies products. Also, each operating segment operates in the competitive tier 1 automotive supplier environment and is continually working with its customers to manage costs and improve quality. The Company’s production processes generally make use of unskilled labor, dedicated facilities, sequential manufacturing processes and commodity raw materials.

The Company evaluates the performance of its operating segments based primarily on (i) revenues from external customers, (ii) pretax income (loss) before goodwill impairment charges, interest expense, other (income) expense, reorganization items and fresh-start accounting adjustments and equity in net (income) loss of affiliates (“segment earnings”) and (iii) cash flows, being defined as segment earnings less capital expenditures plus depreciation and amortization.

The accounting policies of the Company’s operating segments are the same as those described in this note to the consolidated financial statements.

Derivative Instruments and Hedging Activities

The Company has used derivative financial instruments, including forwards, futures, options, swaps and other derivative contracts to reduce the effects of fluctuations in foreign exchange rates, interest rates and commodity prices and the resulting variability of the Company’s operating results. The Company is not a party to leveraged derivatives. On the date that a derivative contract is entered into, the Company designates the derivative as either (1) a hedge of a recognized asset or liability or of an unrecognized firm commitment (a fair value hedge), (2) a hedge of a forecasted transaction or of the variability of cash flows to be received or paid related to a recognized asset or liability (a cash flow hedge) or (3) a hedge of a net investment in a foreign operation (a net investment hedge).

For a fair value hedge, both the effective and ineffective portions of the change in the fair value of the derivative are recorded in earnings and reflected in the consolidated statement of operations on the same line as the gain or loss on the hedged item attributable to the hedged risk. For a cash flow hedge, the effective portion of the change in the fair value of the derivative is recorded in accumulated other comprehensive loss in the consolidated balance sheet. When the underlying hedged transaction is realized, the gain or loss included in accumulated other comprehensive loss is recorded in earnings and reflected in the consolidated statement of operations on the same line as the gain or loss on the hedged item attributable to the hedged risk. For a net investment hedge, the effective portion of the change in the fair value of the derivative is recorded in cumulative translation adjustment, which is a component of accumulated other comprehensive loss in the consolidated balance sheet. In addition, for both cash flow and net investment hedges, changes in the fair value of the derivative that are excluded from the Company’s effectiveness assessments and the ineffective portion of changes in the fair value of the derivative are recorded in earnings and reflected in the consolidated statement of operations as other (income) expense, net.

The Company formally documents its hedge relationships, including the identification of the hedging instruments and the related hedged items, as well as its risk management objectives and strategies for undertaking the hedge transaction. Derivatives are recorded at fair value in other current and long-term assets and other current and long-term liabilities in the consolidated balance sheet. The Company also formally assesses, both at inception and at least quarterly thereafter, whether a derivative used in a hedging transaction is highly effective in offsetting changes in either the fair value or the cash flows of the hedged item. When it is determined that a derivative ceases to be highly effective, the Company discontinues hedge accounting.

In connection with events and circumstances related to the Company’s bankruptcy filing in 2009, all of the Company’s outstanding foreign exchange, interest rate and commodity swap contracts were terminated, and the Company de-designated such contracts, previously accounted for as cash flow hedges, for hedge accounting purposes. As the related forecasted transactions remained probable, amounts recorded in accumulated other comprehensive loss were reclassified to earnings as the forecasted transactions occurred. Liabilities related to the de-designated contracts were resolved under the Plan, and as a result of the adoption of fresh-start accounting, all remaining amounts recorded in accumulated other comprehensive loss were eliminated. For further information on the liabilities resolved under the Plan and the adoption of fresh-start accounting, see Note 2, “Reorganization under Chapter 11,” and Note 3, “Fresh-Start Accounting.”

Use of Estimates

The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. During 2011, there were no material changes in the methods or policies used to establish estimates and assumptions. The adoption of fresh-start accounting required significant estimation and judgment (Note 3, “Fresh-Start Accounting”). Other matters subject to estimation and judgment include amounts related to accounts receivable realization, inventory obsolescence, asset impairments, useful lives of fixed and intangible assets and unsettled pricing discussions with customers and suppliers (Note 4, “Summary of Significant Accounting Policies”); restructuring accruals (Note 5, “Restructuring”); deferred tax asset valuation allowances and income taxes (Note 9, “Income Taxes”); pension and other postretirement benefit plan assumptions (Note 10, “Pension and Other Postretirement Benefit Plans”); accruals related to litigation, warranty and environmental remediation costs (Note 13, “Commitments and Contingencies”); and self-insurance accruals. Actual results may differ significantly from the Company’s estimates.

Reclassifications

Certain amounts in prior periods’ financial statements have been reclassified to conform to the presentation used in the year ended December 31, 2011.

Restructuring

12 Months Ended

Dec. 31, 2011

Restructuring

(5) Restructuring

In 2005, the Company initiated a multi-year operational restructuring strategy to (i) eliminate excess capacity and lower the operating costs of the Company, (ii) streamline the Company’s organizational structure and reposition its business for improved long-term profitability and (iii) better align the Company’s manufacturing capabilities with the changing needs of its customers. In light of industry conditions and customer announcements, the Company expanded this strategy and through the end of 2011, the Company incurred pretax restructuring costs of $804.3 million. The Company expects restructuring actions and related investments to moderate in 2012 and thereafter.

In 2011, the Company recorded charges of $68.2 million in connection with its restructuring actions. These charges consist of $64.3 million recorded as cost of sales, $4.5 million recorded as selling, general and administrative expenses and ($0.6) million recorded as other (income) expense, net. The restructuring charges consist of employee termination benefits of $44.5 million, asset impairment charges of $1.0 million and contract termination costs of $19.6 million, as well as other related costs of $3.1 million. Employee termination benefits were recorded based on existing union and employee contracts, statutory requirements and completed negotiations. Asset impairment charges relate to the disposal of buildings, leasehold improvements and machinery and equipment with carrying values of $1.0 million in excess of related estimated fair values. Contract termination costs include pension benefit plan settlement charges of $17.1 million and other various costs of $2.5 million. The Company expects to incur approximately $10.7 million of additional restructuring costs related to activities initiated as of December 31, 2011. Although each restructuring action is unique, based upon the nature of the Company’s operations, the Company expects that the allocation of future restructuring costs will be consistent with its historical experience.

A summary of 2011 activity, excluding pension benefit plan settlement charges of $17.1 million, is shown below (in millions):


	Successor Accrual as of January 1, 2011		2011 Charges								Successor Accrual as of December 31, 2011
					Utilization
					Cash			Non-cash
Employee termination benefits	$	38.4	$	44.5	$	(26.1	)	$	—		$	56.8
Asset impairments		—		1.0		—			(1.0	)		—
Contract termination costs		3.7		2.5		(0.5	)		—			5.7
Other related costs		—		3.1		(3.1	)		—			—

Total	$	42.1	$	51.1	$	(29.7	)	$	(1.0	)	$	62.5

In 2010, the Company recorded charges of $63.9 million in connection with its restructuring actions. These charges consist of $56.9 million recorded as cost of sales and $7.0 million recorded as selling, general and administrative expenses. The restructuring charges consist of employee termination benefits of $51.0 million, fixed asset impairment charges of $3.6 million and contract termination costs of $3.4 million, as well as other related costs of $5.9 million. Employee termination benefits were recorded based on existing union and employee contracts, statutory requirements and completed negotiations. Asset impairment charges relate to the disposal of buildings, leasehold improvements and machinery and equipment with carrying values of $3.6 million in excess of related estimated fair values. Contract termination costs include pension benefit plan curtailment charges of $3.0 million and other various costs of $0.4 million.

A summary of 2010 activity, excluding pension benefit plan curtailment charges of $3.0 million, is shown below (in millions):


	Successor										Successor
	Accrual as of		2010		Utilization						Accrual as of
	January 1, 2010		Charges		Cash			Non-cash			December 31, 2010
Employee termination benefits	$	79.8	$	51.0	$	(92.4	)	$	—		$	38.4
Asset impairments		—		3.6		—			(3.6	)		—
Contract termination costs		3.3		0.4		—			—			3.7
Other related costs		—		5.9		(5.9	)		—			—

Total	$	83.1	$	60.9	$	(98.3	)	$	(3.6	)	$	42.1

In the 2009 Successor Period, the Company recorded charges of $43.5 million in connection with its restructuring actions. These charges consist of $36.6 million recorded as cost of sales, $6.6 million recorded as selling, general and administrative expenses and $0.3 million recorded as other (income) expense, net. The restructuring charges consist of employee termination benefits of $44.5 million and other related credits of ($1.0) million. Employee termination benefits were recorded based on existing union and employee contracts, statutory requirements and completed negotiations.

A summary of activity for the 2009 Successor Period is shown below (in millions):


	Successor										Successor
	Accrual as of		2009			Utilization					Accrual as of
	November 8, 2009		Charges			Cash			Non-cash		December 31, 2009
Employee termination benefits	$	48.2	$	44.5		$	(12.9	)	$	—	$	79.8
Contract termination costs		3.3		—			—			—		3.3
Other related costs		1.0		(1.0	)		—			—		—

Total	$	52.5	$	43.5		$	(12.9	)	$	—	$	83.1

In the 2009 Predecessor Period, the Company recorded charges of $100.4 million in connection with its restructuring actions. These charges consist of $96.0 million recorded as cost of sales, $8.8 million recorded as selling, general and administrative expenses, ($0.5) million recorded as other (income) expense, net and ($3.9) million recorded as reorganization items and fresh-start accounting adjustments, net. The restructuring charges consist of employee termination benefits of $77.9 million, fixed asset impairment charges of $5.6 million and contract termination costs of $6.6 million, as well as other related costs of $10.3 million. Employee termination benefits were recorded based on existing union and employee contracts, statutory requirements and completed negotiations. Asset impairment charges relate to the disposal of buildings, leasehold improvements and machinery and equipment with carrying values of $5.6 million in excess of related estimated fair values. Contract termination costs include net pension and other postretirement benefit plan charges of $9.4 million and various other credits of ($2.8) million, the majority of which relate to the rejection of certain lease agreements in connection with the Company’s bankruptcy filing.

A summary of activity for the 2009 Predecessor Period, excluding net pension and other postretirement benefit plan charges of $9.4 million, is shown below (in millions):


	Predecessor											Predecessor
	Accrual as of		2009			Utilization						Accrual as of
	January 1, 2009		Charges			Cash			Non-cash			November 7, 2009
Employee termination benefits	$	73.1	$	77.9		$	(102.8	)	$	—		$	48.2
Asset impairments		—		5.6			—			(5.6	)		—
Contract termination costs		7.5		(2.8	)		(1.4	)		—			3.3
Other related costs		—		10.3			(14.7	)		5.4			1.0

Total	$	80.6	$	91.0		$	(118.9	)	$	(0.2	)	$	52.5

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

Investments in Affiliates and Other Related Party Transactions

Investments in Affiliates and Other Related Party Transactions

12 Months Ended

Dec. 31, 2011

(6) Investments in Affiliates and Other Related Party Transactions

The Company’s beneficial ownership in affiliates accounted for under the equity method is shown below:


	Successor
December 31,	2011			2010			2009
Shanghai Lear STEC Automotive Parts Co., Ltd. (China)		55	%		55	%		55	%
Industrias Cousin Freres, S.L. (Spain)		50			50			50
Lear Dongfeng Automotive Seating Co., Ltd. (China)		50			50			50
Dong Kwang Lear Yuhan Hoesa (Korea)		50			50			50
Jiangxi Jiangling Lear Interior Systems Co., Ltd. (China)		50			50			50
Beijing BAI Lear Automotive Systems Co., Ltd. (China)		50			50			50
Beijing Lear Automotive Electronics and Electrical Products Co., Ltd. (China)		50			50			50
Changchun Lear FAW Sihuan Automotive Electrical and Electronics Co., Ltd. (China)		49			49			—
Changchun Lear FAW Sihuan Automotive Seat Systems Co., Ltd. (China)		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
Tacle Seating USA, LLC		49			49			49
Beijing Lear Dymos Automotive Systems Co., Ltd. (China)		40			40			40
Dymos Lear Automotive India Private Limited (India)		35			35			35
International Automotive Components Group North America, LLC		23			23			19
International Automotive Components Group, LLC (Europe)		—			—			30
TS Lear Automotive Sdn Bhd. (Malaysia)		—			46			46
Furukawa Lear Corporation		—			—			20
UPM S.r.L. (Italy)		—			—			39

Summarized group financial information for affiliates accounted for under the equity method as of December 31, 2011 and 2010, and for the years ended December 31, 2011, 2010 and 2009, is shown below (unaudited; in millions):


December 31,	2011		2010
Balance sheet data:
Current assets	$	1,561.6	$	1,284.0
Non-current assets		1,004.9		854.7
Current liabilities		1,303.9		1,087.7
Non-current liabilities		649.9		258.7


For the year ended December 31,	2011		2010		2009
Income statement data:
Net sales	$	5,754.5	$	4,933.7	$	3,199.9
Gross profit		466.6		400.3		171.8
Income (loss) before provision for income taxes		91.5		171.9		(76.4	)
Net income (loss) attributable to affiliates		56.7		146.2		(76.5	)

As a result of the adoption of fresh-start accounting, investment in affiliates was re-measured at estimated fair value as of November 7, 2009 (see Note 3, “Fresh-Start Accounting”). As of December 31, 2011 and 2010, the Company’s aggregate investment in affiliates was $148.2 million and $172.9 million, respectively. In addition, the Company had receivables due from affiliates, including notes and advances, of $38.9 million and $30.6 million and payables due to affiliates of $27.2 million and $25.8 million as of December 31, 2011 and 2010, respectively.

A summary of transactions with affiliates and other related parties is shown below (in millions):


For the year ended December 31,	2011		2010		2009
Sales to affiliates	$	96.2	$	81.0	$	76.3
Purchases from affiliates		160.4		150.7		121.5
Purchases from other related parties ⁽¹⁾		2.5		2.2		2.3
Management and other fees for services provided to affiliates		13.8		11.1		7.1
Dividends received from affiliates		43.6		7.4		5.3

(1)

Represents $2.5 million, $2.2 million and $2.3 million in 2011, 2010 and 2009, respectively, paid to CB Richard Ellis for real estate brokerage services, as well as property and project management services. CB Richard Ellis employed a relative of the Company’s former Chief Executive Officer and President.

The Company’s investment in Shanghai Lear STEC Automotive Parts Co., Ltd. is accounted for under the equity method as the result of certain approval rights granted to the minority shareholders.

The Company guarantees 49% of certain of the debt of Tacle Seating USA, LLC. As of December 31, 2011, the aggregate amount of debt guaranteed was $1.4 million.

2011

In March 2011, the Company acquired an additional 44% of TS Lear Automotive Sdn Bhd., an affiliate previously accounted for under the equity method, thereby increasing its ownership interest to 90%. The acquisition was accounted for as a purchase, and the assets purchased and liabilities assumed are reflected in the consolidated balance sheet as of December 31, 2011. Also in 2011, the Company established Changchun Lear FAW Sihuan Automotive Seat Systems Co., Ltd., a joint venture with Changchun FAW Sihuan Group Corporation and Jilin Shouxin Industry Group Stock Company Limited, to manufacture and supply automotive seat assembly systems in China.

2010

In December 2010, two of the Company’s affiliates accounted for under the equity method, International Automotive Components Group North America, LLC (“IAC North America”) and International Automotive Components Group, LLC (“IAC Europe”), and a third entity, International Automotive Components Group Japan, LLC, entered into a combination agreement whereby each of the entities was combined into IAC North America as the surviving entity. After giving effect to the combination, the Company’s ownership interest in IAC North America increased to 22.88% from 18.75%, in exchange for its 30% ownership interest in IAC Europe. There was no adjustment to the carrying value of the Company’s combined investment in IAC North America and IAC Europe as of the date of the combination. The Company’s investment in IAC North America was accounted for under the equity method in prior periods due to the Company’s ability to exert significant influence over the venture.

In June 2010, the Company divested its ownership interest in Furukawa Lear Corporation for $2.1 million and recognized a gain of $1.8 million on the transaction, which is reflected in other (income) expense, net in the accompanying consolidated statement of operations for the year ended December 31, 2010. Also in 2010, the Company established Changchun Lear FAW Sihuan Automotive Electrical and Electronics Co., Ltd., a joint venture with Changchun FAW Sihuan Group Corporation and Changchun ZhiXin LiHe Trade Co., Ltd., to manufacture and supply electrical and electronic automotive products in China.

In addition, the name of Hanil Lear India Private Limited was changed to Dymos Lear Automotive India Private Limited, and UPM S.r.L. was liquidated and dissolved.

2009

In July 2009, the Company divested its ownership interest in Nanjing Lear Xindi Automotive Interiors Systems Co., Ltd. for $0.7 million and recognized a gain of $0.7 million on the transaction, which is reflected in other (income) expense, net in the accompanying consolidated statement of operations for the 2009 Predecessor Period. In April 2009, the Company divested a portion of its ownership interest in Furukawa Lear Corporation, thereby reducing its ownership interest to 20% from 80%, and commenced accounting for its investment under the equity method. Previously, Furukawa Lear Corporation was accounted for as a consolidated, less than wholly owned subsidiary.

In July 2009, as a result of an equity transaction between IAC Europe and one of the Company’s joint venture partners, the Company’s ownership interest in IAC Europe decreased to 30.45%, and the Company recognized an impairment charge of $26.6 million related to its investment. The Company also recognized an impairment charge of $15.4 million related to its investment in another equity affiliate. These impairment charges are reflected in equity in net (income) loss of affiliates in the accompanying consolidated statement of operations for the 2009 Predecessor Period. See Note 4, “Summary of Significant Accounting Policies.”

The entire disclosure for equity investment, or group of investments, for which combined disclosure is appropriate, including: (a) the name of each investee and percentage of ownership of common stock, (b) accounting policies for investments in common stock, (c) difference between the amount at which the investment is carried and the amount of underlying equity in net assets and the accounting treatment of the difference, (d) the total fair value of each identified investment for which a market value is available, (e) summarized information as to assets, liabilities, and results of operations of the investees (for investments in unconsolidated subsidiaries, common stock of joint ventures, or other investments using the equity method), and (f) material effects of possible conversions, exercises, or contingent issuances of the investee. Other disclosures include (a) the names of any investee in which the investor owns 20 percent or more of the voting stock and investment is not accounted for using the equity method, and the reasons why not, and (b) the names of any investee in which the investor owns less than 20 percent of the voting stock and the investment is accounted for using the equity method, and the reasons why it is.

Short-Term Borrowings

12 Months Ended

Dec. 31, 2011

Short-Term Borrowings

(7) Short-Term Borrowings

The Company utilizes uncommitted lines of credit as needed for its short-term working capital fluctuations. As of December 31, 2011 and 2010, the Company had lines of credit from banks totaling $6.3 million and $27.8 million, respectively, of which no amounts were outstanding and all of which were unused and available, subject to certain restrictions imposed by the Company’s senior notes and credit agreement (Note 8, “Long-Term Debt”).

Long-Term Debt

12 Months Ended

Dec. 31, 2011

Long-Term Debt

(8) Long-Term Debt

A summary of long-term debt and the related weighted average interest rates is shown below (in millions):


December 31,	2011					2010
Debt Instrument	Long-Term Debt		Weighted Average Interest Rate			Long-Term Debt		Weighted Average Interest Rate
7.875% Senior Notes due 2018	$	347.9		8.00	%	$	347.7		8.00	%
8.125% Senior Notes due 2020		347.5		8.25	%		347.2		8.25	%

Long-term debt	$	695.4				$	694.9

Senior Notes

On March 26, 2010, the Company issued $350 million in aggregate principal amount at maturity of senior unsecured notes due 2018 at a stated coupon rate of 7.875% (the “2018 Notes”) and $350 million in aggregate principal amount at maturity of senior unsecured notes due 2020 at a stated coupon rate of 8.125% (the “2020 Notes” and together with the 2018 Notes, the “Notes”). The 2018 Notes were priced at 99.276% of par, resulting in a yield to maturity of 8.00%, and the 2020 Notes were priced at 99.164% of par, resulting in a yield to maturity of 8.25%. The net proceeds from the issuance of the Notes, together with existing cash on hand, were used to repay in full an aggregate amount of $925.0 million of term loans provided under the Company’s first and second lien credit agreements (described below).

Interest is payable on the Notes on March 15 and September 15 of each year. The 2018 Notes mature on March 15, 2018, and the 2020 Notes mature on March 15, 2020.

The Company may redeem all or part of the Notes, at its option, at any time on or after March 15, 2014, in the case of the 2018 Notes, and March 15, 2015, in the case of the 2020 Notes, at the redemption prices set forth below, plus accrued and unpaid interest to the redemption date.


Twelve-Month Period Commencing March 15,	2018 Notes			2020 Notes
2014		103.938	%		N/A
2015		101.969	%		104.063	%
2016		100.0	%		102.708	%
2017		100.0	%		101.354	%
2018 and thereafter		100.0	%		100.0	%

Prior to March 15, 2013, the Company may redeem up to 35% of the original aggregate principal amount of the 2018 Notes and the 2020 Notes at a price equal to 107.875% and 108.125%, respectively, of the principal amount thereof, plus accrued and unpaid interest to the redemption date, with the net cash proceeds of one or more equity offerings, provided that at least 65% of the original aggregate principal amount of each series of Notes remains outstanding after the redemption. The Company may also redeem all or part of the Notes at any time prior to March 15, 2014, in the case of the 2018 Notes, and March 15, 2015, in the case of the 2020 Notes, at a price equal to 100% of the principal amount thereof, plus accrued and unpaid interest to the redemption date and a “make-whole” premium. In addition, the Company may redeem up to 10% of the original aggregate principal amount of each series of Notes during any 12-month period prior to March 15, 2014, in the case of the 2018 Notes, and March 15, 2015, in the case of the 2020 Notes, at a price equal to 103% of the principal amount thereof, plus accrued and unpaid interest to the redemption date.

Subject to certain limitations, in the event of a change of control of the Company, the Company will be required to make an offer to purchase the Notes at a purchase price equal to 101% of the principal amount of the Notes, plus accrued and unpaid interest to the date of purchase.

The Notes are senior unsecured obligations. The Company’s obligations under the Notes are fully and unconditionally guaranteed, jointly and severally, on a senior unsecured basis by certain domestic subsidiaries, which are directly or indirectly 100% owned by Lear. See Note 18, “Supplemental Guarantor Condensed Consolidating Financial Statements.”

The indenture governing the Notes contains restrictive covenants that, among other things, limit the ability of the Company and its subsidiaries to: (i) incur additional debt, (ii) pay dividends and make other restricted payments, (iii) create or permit certain liens, (iv) issue or sell capital stock of the Company’s restricted subsidiaries, (v) use the proceeds from sales of assets and subsidiary stock, (vi) create or permit restrictions on the ability of the Company’s restricted subsidiaries to pay dividends or make other distributions to the Company, (vii) enter into transactions with affiliates, (viii) enter into sale and leaseback transactions and (ix) consolidate or merge or sell all or substantially all of the Company’s assets. The foregoing limitations are subject to exceptions as set forth in the Notes. In addition, if in the future the Notes have an investment grade credit rating from both Moody’s Investors Service and Standard & Poor’s Ratings Services and no default has occurred and is continuing, certain of these covenants will, thereafter, no longer apply to the Notes for so long as the Notes have an investment grade credit rating by both rating agencies.

As of December 31, 2011, the Company was in compliance with all covenants under the indenture governing the Notes.

Revolving Credit Facility

On June 17, 2011, the Company entered into an amendment and restatement of its senior secured credit agreement (the “Amended and Restated Credit Agreement”) to, among other things, (i) extend the maturity of the Company’s existing revolving credit facility from March 18, 2013 to June 17, 2016, (ii) increase the amount available under its existing revolving credit facility from $110 million to $500 million, (iii) adjust the interest rates payable on outstanding borrowings, as described below, and (iv) modify the covenants under the existing credit agreement to provide the Company with significant flexibility with respect to certain actions. In connection with this amendment and restatement, the Company paid debt issuance costs of $4.8 million in the second quarter of 2011. The revolving credit facility permits borrowings for general corporate and working capital purposes and the issuance of letters of credit. As of December 31, 2011, there were no borrowings outstanding under the revolving credit facility.

Advances under the revolving credit facility generally bear interest at a variable rate per annum equal to (i) the Eurocurrency Rate (as defined in the Amended and Restated Credit Agreement) plus an adjustable margin of 1.375% to 3.0% based on the Company’s corporate rating (2.25% as of December 31, 2011), payable on the last day of each applicable interest period but in no event less frequently than quarterly, or (ii) the Adjusted Base Rate (as defined in the Amended and Restated Credit Agreement) plus an adjustable margin of 0.375% to 2.0% based on the Company’s corporate rating (1.25% as of December 31, 2011), payable quarterly. A facility fee is payable which ranges from 0.375% to 0.50% of the total amount committed under the revolving credit facility.

The Company’s obligations under the Amended and Restated Credit Agreement are secured on a first priority basis by a lien on substantially all of the U.S. assets of the Company and its domestic subsidiaries, as well as 100% of the stock of the Company’s domestic subsidiaries and 65% of the stock of certain of the Company’s foreign subsidiaries. In addition, obligations under the Amended and Restated Credit Agreement are guaranteed, jointly and severally, on a first priority basis, by certain domestic subsidiaries, which are directly or indirectly 100% owned by Lear. See Note 18, “Supplemental Guarantor Condensed Consolidating Financial Statements.”

The Amended and Restated Credit Agreement contains various customary representations, warranties and covenants by the Company, including, without limitation, (i) covenants regarding maximum leverage and minimum interest coverage, (ii) limitations on fundamental changes involving the Company or its subsidiaries and (iii) limitations on indebtedness, liens, investments and restricted payments. As of December 31, 2011, the Company was in compliance with all covenants under the agreement governing the Amended and Restated Credit Agreement.

First and Second Lien Credit Agreements

In connection with the Company’s emergence from Chapter 11 bankruptcy proceedings, the Company entered into a first lien credit agreement and a second lien credit agreement with certain financial institutions party thereto and JPMorgan Chase Bank, N.A., as administrative agent, in the fourth quarter of 2009. Pursuant to the terms of the first lien credit agreement, on the Effective Date, the Company had access to $500 million, subject to certain adjustments as defined in the Plan. A portion of the proceeds under the first lien credit agreement was used to satisfy amounts outstanding under the Company’s debtor-in-possession credit facility. The remaining proceeds were available for other general corporate purposes. For further information regarding the debtor-in-possession credit facility, see “DIP Agreement” below. The second lien credit agreement provided for the issuance of $550 million of term loans, which debt was issued on the Effective Date in partial satisfaction of the amounts outstanding under the Company’s pre-petition primary credit facility. Prior to the term loan repayment discussed above, the Company had $375.0 million and $550.0 million of term loans outstanding under the first lien credit agreement and the second lien credit agreement, respectively.

On March 19, 2010, the Company amended the first lien credit agreement to facilitate the issuance of the Notes and the repayment of amounts outstanding under the second lien credit agreement. The amendment also provides for the repurchase of certain amounts of the Notes and for a limited amount of cash dividend payments or repurchases of the Company’s common stock, when certain terms and conditions are met. Also on March 19, 2010, the Company entered into an amendment and restatement of the first lien credit agreement to provide for a $110 million revolving credit facility (see “— Revolving Credit Facility,” above).

As discussed above, the Company used the net proceeds from the issuance of the Notes, together with its existing cash on hand, to repay in full all amounts outstanding under the term loans provided under the Company’s first and second lien credit agreements. In connection with the issuance of the Notes, the repayment of the term loans and the related amendments to the first lien credit agreement, in 2010, the Company recognized a loss on the extinguishment of debt of $11.8 million, resulting from the write-off of unamortized debt issuance costs, and paid debt issuance costs of $17.6 million. The debt issuance costs are being amortized over the life of the related debt. The loss on the extinguishment of debt is recorded in other (income) expense, net in the accompanying consolidated statement of operations for the year ended December 31, 2010. See Note 4, “Summary of Significant Accounting Policies.”

DIP Agreement

On July 6, 2009, the Debtors entered into a credit and guarantee agreement by and among Lear, as borrower, the guarantors party thereto, JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto (the “DIP Agreement”). The DIP Agreement provided for new money debtor-in-possession financing comprised of a term loan in the aggregate principal amount of $500 million. On August 4, 2009, the Bankruptcy Court entered an order approving the DIP Agreement, and the Debtors subsequently received proceeds of $500 million, net of related fees and expenses of $36.7 million, related to available debtor-in-possession financing. On the Effective Date, amounts outstanding under the DIP Agreement were repaid, using proceeds of the first lien credit agreement and available cash.

Pre-Petition Primary Credit Facility

The Company’s pre-petition primary credit facility consisted of an amended and restated credit and guarantee agreement, as further amended, which provided for maximum revolving borrowing commitments of $1.3 billion and a term loan facility of $1.0 billion.

In the 2009 Predecessor Period, there were additional non-cash borrowings of $63.6 million under the pre-petition primary credit facility related to draws on the Company’s outstanding letters of credit. On the Effective Date, pursuant to the Plan, the Company’s pre-petition primary credit facility was cancelled (except for the purposes of allowing creditors under that facility to receive distributions under the Plan and allowing the administrative agent to exercise certain rights). On the Effective Date, pursuant to the Plan, each lender under the pre-petition primary credit facility received its pro rata share of (i) $550 million of term loans provided under the second lien credit agreement; (ii) $450 million of Series A Preferred Stock; (iii) 35.5% of the Common Stock (excluding any effect of the Series A Preferred Stock, the Warrants and the management equity grants) and (iv) $100 million of cash.

Pre-Petition Senior Notes

The Company’s pre-petition debt securities consisted of senior notes under the following:

•

Indenture dated as of November 24, 2006, by and among Lear, certain subsidiary guarantors party thereto from time to time and The Bank of New York Mellon Trust Company, N.A., as trustee (“BONY”), relating to the 8.5% senior notes due 2013 and the 8.75% senior notes due 2016;

•

Indenture dated as of August 3, 2004, by and among Lear, the guarantors party thereto from time to time and BNY Midwest Trust Company, N.A., as trustee, as amended and supplemented by that certain Supplemental Indenture No. 1 and Supplemental Indenture No. 2, relating to the 5.75% senior notes due 2014; and

•

Indenture dated as of February 20, 2002, by and among Lear, the guarantors party thereto from time to time and BONY, as amended and supplemented by that certain Supplemental Indenture No. 1, Supplemental Indenture No. 2, Supplemental Indenture No. 3 and Supplemental Indenture No. 4, relating to the zero-coupon convertible senior notes due 2022.

On the Effective Date, pursuant to the Plan, the Company’s pre-petition outstanding debt securities were cancelled and the indentures governing such debt securities were terminated (except for the purposes of allowing holders of the notes to receive distributions under the Plan and allowing the trustees to exercise certain rights). Under the Plan, each holder of senior notes and certain other general unsecured claims against the Debtors and the unsecured deficiency claims of the lenders under the pre-petition primary credit facility received its pro rata share of (i) 64.5% of the Common Stock (excluding any effect of the Series A Preferred Stock, the Warrants and the management equity grants) and (ii) the Warrants.

For further information regarding the Plan and the cancellation of pre-petition obligations, see Note 2, “Reorganization under Chapter 11.”

Scheduled Maturities

As of December 31, 2011, there are no scheduled maturities of long-term debt in the next five years.

Income Taxes

12 Months Ended

Dec. 31, 2011

Income Taxes

(9) Income Taxes

A summary of consolidated income (loss) before provision (benefit) for income taxes and equity in net (income) loss of affiliates and the components of provision (benefit) for income taxes is shown below (in millions):


	Successor									Predecessor
	Year Ended						Two Month Period Ended December 31, 2009			Ten Month Period Ended November 7, 2009
	December 31, 2011			December 31, 2010
	December 31, 2011			December 31, 2010
Consolidated income (loss) before provision (benefit) for income taxes and equity in net (income) loss of affiliates:
Domestic	$	257.4		$	195.8		$	(98.0	)	$	(117.1	)
Foreign		358.3			253.0			64.2			(159.4	)

	$	615.7		$	448.8		$	(33.8	)	$	(276.5	)

Domestic provision (benefit) for income taxes:
Current provision (benefit)	$	21.8		$	13.6		$	(0.1	)	$	(38.8	)
Deferred provision		0.4			4.5			0.7			0.9

Total domestic provision (benefit)		22.2			18.1			0.6			(37.9	)

Foreign provision (benefit) for income taxes:
Current provision (benefit)		102.8			21.9			(21.7	)		35.8
Deferred provision (benefit)		(56.2	)		(15.4	)		(3.1	)		31.3

Total foreign provision (benefit)		46.6			6.5			(24.8	)		67.1

Provision (benefit) for income taxes	$	68.8		$	24.6		$	(24.2	)	$	29.2

The domestic provision (benefit) includes withholding taxes related to dividends and royalties paid by the Company’s foreign subsidiaries. The domestic deferred provision includes the benefit of prior unrecognized net operating loss carryforwards of $87.8 million and $90.3 million for the years ended December 31, 2011 and 2010, respectively. The foreign deferred provision (benefit) includes the benefit of prior unrecognized net operating loss carryforwards of $14.8 million and $9.2 million for the years ended December 31, 2011 and 2010, respectively. The domestic and foreign deferred provision (benefit) does not include any benefit of prior unrecognized net operating loss carryforwards for the 2009 Successor and the 2009 Predecessor Periods.

A summary of the differences between the provision (benefit) for income taxes calculated at the United States federal statutory income tax rate of 35% and the consolidated provision (benefit) for income taxes is shown below (in millions):


	Successor									Predecessor
	Year Ended						Two Month Period Ended December 31, 2009			Ten Month Period Ended November 7, 2009
	Year Ended
	December 31, 2011			December 31, 2010
Consolidated income (loss) before provision (benefit) for income taxes and equity in net (income) loss of affiliates multiplied by the United States federal statutory income tax rate	$	215.5		$	157.1		$	(11.8	)	$	(96.8	)
Differences in income taxes on foreign earnings, losses and remittances		(37.4	)		(35.4	)		(5.2	)		23.2
Valuation allowance adjustments		(60.8	)		(56.2	)		54.8			219.5
Tax credits		(30.7	)		(19.1	)		—			(9.0	)
Tax audits and assessments		17.6			(30.8	)		(27.6	)		(1.2	)
Increase in tax loss carryforwards ⁽¹⁾		(22.4	)		(268.1	)		—			—
Increase in valuation allowance related to tax loss carryforwards ⁽¹⁾		22.4			268.1			—			—
Goodwill impairment charges		—			—			—			111.6
Reorganization items and fresh-start accounting adjustments, net		—			—			—			(219.8	)
Other		(35.4	)		9.0			(34.4	)		1.7

Provision (benefit) for income taxes	$	68.8		$	24.6		$	(24.2	)	$	29.2

(1)

Represents the increase in tax loss carryforwards resulting from the final determination of the Company’s reorganization value for U.S. tax purposes, an international restructuring transaction and other matters, all of which are subject to a full valuation allowance as it is not more likely than not that the deferred tax assets will be realized.

Under the Plan, the Company’s pre-petition debt securities, primary credit facility and other obligations were extinguished. Absent an exception, a debtor recognizes cancellation of indebtedness income (“CODI”) upon discharge of its outstanding indebtedness for an amount of consideration that is less than its adjusted issue price. The amount of CODI realized by a taxpayer is the adjusted issue price of any indebtedness discharged less the sum of (i) the amount of cash paid, (ii) the issue price of any new indebtedness issued and (iii) the fair market value of any other consideration, including equity, issued. Conversely, a debtor recognizes a premium deduction upon discharge of its outstanding indebtedness for an amount of consideration that exceeds its adjusted issue price. As a result of the final determination of the Company’s reorganization value for U.S. tax purposes, the Company increased its U.S. net operating loss carryforwards and retained its capital loss and tax credit carryforwards (collectively, the “Tax Attributes”). As a result, the Company has increased its deferred tax assets related to its tax loss carryforwards. However, a valuation allowance has been provided with respect to the deferred tax assets as the Company has concluded that it is not more likely than not that the deferred tax assets will be realized.

Internal Revenue Code of 1986, as amended (“IRC”), Sections 382 and 383 provide an annual limitation with respect to the ability of a corporation to utilize its Tax Attributes, as well as certain built-in-losses, against future U.S. taxable income in the event of a change in ownership. The Company’s emergence from Chapter 11 bankruptcy proceedings is considered a change in ownership for purposes of IRC Section 382. The limitation under the IRC is based on the value of the corporation as of the emergence date. As a result, the Company’s future U.S. taxable income may not be fully offset by the Tax Attributes if such income exceeds its annual limitation, and the Company may incur a tax liability with respect to such income. In addition, subsequent changes in ownership for purposes of the IRC could further limit the Company’s ability to use its Tax Attributes.

For the years ended December 31, 2011 and 2010, the 2009 Successor Period and the 2009 Predecessor Period, income in foreign jurisdictions with tax holidays was $115.8 million, $164.4 million, $9.8 million and $99.8 million, respectively. Such tax holidays generally expire from 2012 through 2017.

Deferred income taxes represent temporary differences in the recognition of certain items for financial reporting and income tax purposes. A summary of the components of the net deferred income tax asset is shown below (in millions):


	Successor
December 31,	2011			2010
Deferred income tax assets:
Tax loss carryforwards	$	806.9		$	892.2
Tax credit carryforwards		334.8			252.6
Retirement benefit plans		145.8			88.2
Accrued liabilities		106.4			104.8
Self-insurance reserves		10.4			11.5
Current asset basis differences		32.6			24.5
Long-term asset basis differences		50.4			41.6
Deferred compensation		28.1			18.3
Recoverable customer engineering, development and tooling		(5.7	)		0.6
Undistributed earnings of foreign subsidiaries		(14.8	)		0.9
Derivative instruments and hedging		1.8			—
Other		0.4			1.0

		1,497.1			1,436.2
Valuation allowance		(1,397.3	)		(1,407.3	)

Net deferred income tax asset	$	99.8		$	28.9

The classification of the net deferred income tax asset is shown below (in millions):


	Successor
December 31,	2011			2010
Deferred income tax assets:
Current	$	57.8		$	57.6
Long-term		114.6			52.1
Deferred income tax liabilities:
Current		(14.3	)		(22.5	)
Long-term		(58.3	)		(58.3	)

Net deferred income tax asset	$	99.8		$	28.9

Deferred income taxes have not been provided on $658.8 million of certain undistributed earnings of the Company’s foreign subsidiaries as such amounts are considered to be permanently reinvested. It is not practicable to determine the unrecognized deferred tax liability on these earnings because the actual tax liability on these earnings, if any, is dependent on circumstances existing when remittance occurs.

As of December 31, 2011, the Company had tax loss carryforwards of $2.6 billion. Of the total tax loss carryforwards, $1.6 billion has no expiration date, and $1.0 billion expires from 2012 through 2031. In addition, the Company had tax credit carryforwards of $334.8 million comprised principally of U.S. foreign tax credits, research and development credits and investment tax credits that generally expire between 2012 and 2031.

As of December 31, 2011 and 2010, the Company’s gross unrecognized tax benefits were $49.4 million and $36.2 million (excluding interest and penalties), respectively, all of which, if recognized, would affect the Company’s effective tax rate. The gross unrecognized tax benefits are recorded in other long-term liabilities, with the exception of $17.8 million and $11.7 million (excluding interest and penalties) which is recorded in accrued liabilities, in the accompanying consolidated balance sheets as of December 31, 2011 and 2010, respectively.

A summary of the changes in gross unrecognized tax benefits is shown below (in millions):


	Successor									Predecessor
	Year Ended						Two Month Period Ended December 31, 2009			Ten Month Period Ended November 7, 2009
	Year Ended
	December 31, 2011			December 31, 2010
Balance at beginning of period	$	36.2		$	63.8		$	93.2		$	99.8
Additions based on tax positions related to current year		13.8			0.3			0.9			0.5
Additions (reductions) based on tax positions related to prior years		4.4			(1.2	)		(28.8	)		7.7
Settlements		—			(4.4	)		—			(12.4	)
Statute expirations		(2.6	)		(21.7	)		—			(8.0	)
Foreign currency translation		(2.4	)		(0.6	)		(1.5	)		5.6

Balance at end of period	$	49.4		$	36.2		$	63.8		$	93.2

The Company recognizes interest and penalties with respect to unrecognized tax benefits as income tax expense. As of December 31, 2011 and 2010, the Company had recorded gross reserves of $11.8 million and $10.7 million (excluding federal benefit where applicable), respectively, related to interest and penalties, of which $9.8 million and $8.7 million, respectively, if recognized, would affect the Company’s effective tax rate. During the years ended December 31, 2011 and 2010, the 2009 Successor Period and the 2009 Predecessor Period, the Company recorded net tax (benefit) expense (including federal benefit where applicable) related to changes in its reserves for interest and penalties of $1.4 million, ($12.1) million, ($4.8) million and ($3.2) million, respectively.

The Company operates in multiple jurisdictions throughout the world, and its tax returns are periodically audited or subject to review by both domestic and foreign tax authorities. During the next twelve months, it is reasonably possible that, as a result of audit settlements, the conclusion of current examinations and the expiration of the statute of limitations in multiple jurisdictions, the Company may decrease the amount of its gross unrecognized tax benefits by approximately $17.8 million, all of which, if recognized, would affect the Company’s effective tax rate. The gross unrecognized tax benefits subject to potential decrease involve issues related to transfer pricing, tax credits and various other tax items in multiple jurisdictions. However, as a result of ongoing examinations, tax proceedings in certain countries, additions to the gross unrecognized tax benefits for positions taken and interest and penalties, if any, arising in 2012, it is not possible to estimate the potential net increase or decrease to the Company’s gross unrecognized tax benefits during the next twelve months.

The Company considers its significant tax jurisdictions to include Brazil, Canada, China, Germany, Hungary, Italy, Mexico, Poland, Spain and the United States. The Company or its subsidiaries remain subject to income tax examination in certain U.S. state and local jurisdictions for years after 2007; however, for any taxable year prior to 2009, such jurisdictions are generally limited to the amount of any tax claims they filed in the Bankruptcy Court by January 4, 2010. Further, the Company or its subsidiaries remain subject to income tax examination in Germany and Mexico for years after 2003, in Brazil, Hungary, Poland and Spain for years after 2005, in Italy generally for years after 2006, in China for years after 2007, in Canada for years after 2008 and in the United States for years after 2010.

Legislation

In March 2010, the Patient Protection and Affordable Care Act and the Health Care Education and Affordability Reconciliation Act (the “Acts”) were signed into law. The Acts will reduce the tax deduction available to the Company to the extent of any Medicare Part D subsidy received. Although the Acts do not take effect until 2012, the Company is required to recognize the tax impact of the Acts beginning in the period in which the Acts were signed. As a result of the valuation allowance related to the Company’s net deferred tax assets in the United States, the Acts did not impact the Company’s 2011 or 2010 effective tax rate.

In August 2010, the Education Jobs & Medicaid Assistance Act (“H.R. 1586”) was signed into law. H.R. 1586 contains a number of international tax revenue raising provisions, which were generally effective January 1, 2011. These provisions generally attempt to limit a taxpayer’s ability to fully claim foreign tax credits in several situations. The implementation of H.R. 1586 did not impact the Company’s 2011 effective tax rate.

In December 2010, the Tax Relief, Unemployment Reauthorization, and Job Creation Act of 2010 (“H.R. 4853”) was enacted. In addition to the extension of the personal income tax rates and various other individual tax provisions, H.R. 4853 contains a number of business tax provisions, including the extension of certain expired provisions. H.R. 4853 extends the Research & Development Tax Credit (“R&D Credit”), which expired on December 31, 2009, retroactively for two years through December 31, 2011. The Company intends to claim the R&D Credit; however, as a result of the valuation allowance related to the Company’s net deferred tax assets in the United States, the R&D Credit did not impact the Company’s 2011 or 2010 effective tax rate. The R&D Credit is available to be carried forward for 20 years.

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph h
-Article 4

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 136, 172
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 43, 44, 45, 46, 47, 48, 49
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319

Pension and Other Postretirement Benefit Plans

Pension and Other Postretirement Benefit Plans

12 Months Ended

Dec. 31, 2011

(10) Pension and Other Postretirement Benefit Plans

The Company has noncontributory defined benefit pension plans covering certain domestic employees and certain employees in foreign countries, principally Canada. The Company’s salaried pension plans provide benefits based on final average earnings formulas. The Company’s hourly pension plans provide benefits under flat benefit and cash balance formulas. The Company also has contractual arrangements with certain employees which provide for supplemental retirement benefits. In general, the Company’s policy is to fund its pension benefit obligation based on legal requirements, tax and liquidity considerations and local practices.

The Company has postretirement benefit plans covering certain domestic and Canadian employees. The Company’s postretirement benefit plans generally provide for the continuation of medical benefits for all eligible employees who complete ten years of service after age 45 and retire from the Company at age 55 or older. The Company does not fund its postretirement benefit obligation. Rather, payments are made as costs are incurred by covered retirees.

Obligations and Funded Status

A reconciliation of the change in benefit obligation and the change in plan assets for the years ended December 31, 2011 and 2010, is shown below (in millions):


	Pension – Successor												Other Postretirement – Successor
	December 31, 2011						December 31, 2010						December 31, 2011						December 31, 2010
	U.S.			Foreign			U.S.			Foreign			U.S.			Foreign			U.S.			Foreign
Change in benefit obligation:
Benefit obligation at beginning of period	$	441.6		$	478.7		$	404.7		$	412.6		$	111.4		$	66.7		$	103.0		$	53.4
Service cost		2.9			6.6			3.2			4.7			0.4			1.1			0.5			0.8
Interest cost		23.4			24.3			23.1			23.7			5.4			3.8			5.5			3.6
Amendments		—			1.1			—			—			—			—			—			—
Actuarial loss		86.2			56.7			29.9			46.6			1.2			2.9			8.0			7.2
Benefits paid		(20.2	)		(29.4	)		(19.3	)		(27.1	)		(5.4	)		(1.8	)		(5.6	)		(1.7	)
Settlements		—			(112.9	)		—			—			—			—			—			—
Special termination benefits		—			—			—			—			—			0.1			—			0.1
Curtailment loss		—			—			—			3.5			—			—			—			—
Translation adjustment		—			(9.0	)		—			14.7			—			(1.9	)		—			3.3

Benefit obligation at end of period	$	533.9		$	416.1		$	441.6		$	478.7		$	113.0		$	70.9		$	111.4		$	66.7


	Pension – Successor												Other Postretirement – Successor
	December 31, 2011						December 31, 2010						December 31, 2011						December 31, 2010
	U.S.			Foreign			U.S.			Foreign			U.S.			Foreign			U.S.			Foreign
Change in plan assets:
Fair value of plan assets at beginning of period	$	335.2		$	447.4		$	301.4		$	384.6		$	—		$	—		$	—		$	—
Actual return on plan assets		(7.7	)		(10.6	)		28.6			31.5			—			—			—			—
Employer contributions		22.6			26.9			24.5			36.9			5.4			1.8			5.6			1.7
Benefits paid		(20.2	)		(29.4	)		(19.3	)		(27.1	)		(5.4	)		(1.8	)		(5.6	)		(1.7	)
Settlements		—			(112.9	)		—			—			—			—			—			—
Translation adjustment		—			(7.4	)		—			21.5			—			—			—			—

Fair value of plan assets at end of period	$	329.9		$	314.0		$	335.2		$	447.4		$	—		$	—			—			—

Funded status	$	(204.0	)	$	(102.1	)	$	(106.4	)	$	(31.3	)	$	(113.0	)	$	(70.9	)	$	(111.4	)	$	(66.7	)


	Pension – Successor												Other Postretirement – Successor
	December 31, 2011						December 31, 2010						December 31, 2011						December 31, 2010
	U.S.			Foreign			U.S.			Foreign			U.S.			Foreign			U.S.			Foreign
Amounts recognized in the consolidated balance sheet:
Other long-term assets	$	—		$	5.2		$	—		$	39.4		$	—		$	—		$	—		$	—
Accrued liabilities		(4.1	)		(2.9	)		(6.9	)		(4.3	)		(7.7	)		(2.4	)		(8.2	)		(2.8	)
Other long-term liabilities		(199.9	)		(104.4	)		(99.5	)		(66.4	)		(105.3	)		(68.5	)		(103.2	)		(63.9	)

As of December 31, 2011 and 2010, the accumulated benefit obligation for all of the Company’s pension plans was $944.4 million and $915.6 million, respectively. As of December 31, 2011 and 2010, the majority of the Company’s pension plans had accumulated benefit obligations in excess of plan assets. The projected benefit obligation, the accumulated benefit obligation and the fair value of plan assets of pension plans with accumulated benefit obligations in excess of plan assets were $916.7 million, $911.1 million and $605.3 million, respectively, as of December 31, 2011, and $647.4 million, $643.7 million and $470.3 million, respectively, as of December 31, 2010.

Comprehensive Income (Loss) and Accumulated Other Comprehensive Loss

In connection with the adoption of fresh-start accounting, amounts recorded in accumulated other comprehensive loss as of November 7, 2009, were eliminated. For further information, see Note 3, “Fresh-Start Accounting.” Pretax amounts recognized in comprehensive income (loss) for the years ended December 31, 2011 and 2010, are shown below (in millions):


	Pension – Successor												Other Postretirement – Successor
	December 31, 2011						December 31, 2010						December 31, 2011						December 31, 2010
	U.S.			Foreign			U.S.			Foreign			U.S.			Foreign			U.S.			Foreign
Actuarial losses recognized:
Reclassification adjustments	$	(0.1	)	$	17.4		$	(0.1	)	$	—		$	0.3		$	0.1		$	—		$	—
Actuarial loss arising during the period		(120.2	)		(96.0	)		(24.7	)		(38.5	)		(1.2	)		(2.9	)		(8.0	)		(7.2	)
Translation adjustment		—			0.9			—			0.3			—			0.2			—			—

	$	(120.3	)	$	(77.7	)	$	(24.8	)	$	(38.2	)	$	(0.9	)	$	(2.6	)	$	(8.0	)	$	(7.2	)

Pretax amounts recorded in accumulated other comprehensive loss not yet recognized in net periodic benefit cost as of December 31, 2011 and 2010, are shown below (in millions):


	Pension – Successor												Other Postretirement – Successor
	December 31, 2011						December 31, 2010						December 31, 2011						December 31, 2010
	U.S.			Foreign			U.S.			Foreign			U.S.			Foreign			U.S.			Foreign
Net unrecognized actuarial loss	$	(138.4	)	$	(109.9	)	$	(18.0	)	$	(32.3	)	$	(9.0	)	$	(9.5	)	$	(8.1	)	$	(6.7	)

Pretax amounts recorded in accumulated other comprehensive loss as of December 31, 2011, that are expected to be recognized as components of net periodic benefit cost in the year ending December 31, 2012, are shown below (in millions):


	Pension						Other Postretirement
	U.S.			Foreign			U.S.			Foreign
Net unrecognized actuarial loss	$	(3.9	)	$	(5.7	)	$	(0.3	)	$	(0.3	)

Net Periodic Benefit Cost

The components of the Company’s net periodic pension benefit cost are shown below (in millions):


	Successor																		Predecessor
	Year Ended												Two Month Period Ended December 31, 2009						Ten Month Period Ended November 7, 2009
Pension	December 31, 2011						December 31, 2010						Two Month Period Ended December 31, 2009						Ten Month Period Ended November 7, 2009
	U.S.			Foreign			U.S			Foreign			U.S.			Foreign			U.S.			Foreign
Service cost	$	2.9		$	6.6		$	3.2		$	4.7		$	0.4		$	0.9		$	3.0		$	4.9
Interest cost		23.4			24.3			23.1			23.7			3.2			3.6			20.0			19.3
Expected return on plan assets		(26.2	)		(30.3	)		(23.5	)		(27.4	)		(3.2	)		(4.0	)		(17.5	)		(17.6	)
Amortization of actuarial loss		—			0.3			—			—			—			—			4.1			0.8
Amortization of prior service cost		—			—			—			—			—			—			2.0			2.7
Settlement (gain) loss		(0.1	)		17.1			(0.1	)		—			—			—			0.5			2.7
Special termination benefits		—			—			—			—			—			—			—			0.7
Curtailment loss, net		—			—			—			3.5			—			—			1.2			7.3

Net periodic benefit cost	$	—		$	18.0		$	2.7		$	4.5		$	0.4		$	0.5		$	13.3		$	20.8

The components of the Company’s net periodic other postretirement benefit cost are shown below (in millions):


	Successor												Predecessor
	Year Ended								Two Month Period Ended December 31, 2009				Ten Month Period Ended November 7, 2009
Other Postretirement	December 31, 2011				December 31, 2010				Two Month Period Ended December 31, 2009				Ten Month Period Ended November 7, 2009
	U.S.		Foreign		U.S		Foreign		U.S.		Foreign		U.S.			Foreign
Service cost	$	0.4	$	1.1	$	0.5	$	0.8	$	0.1	$	0.1	$	0.7		$	1.5
Interest cost		5.4		3.8		5.5		3.6		0.7		0.5		4.4			5.2
Amortization of actuarial (gain) loss		0.3		0.1		—		—		—		—		0.8			(0.6	)
Amortization of transition obligation		—		—		—		—		—		—		—			0.5
Amortization of prior service cost		—		—		—		—		—		—		(6.2	)		—
Special termination benefits		—		0.1		—		0.1		—		—		—			0.3
Curtailment gain, net		—		—		—		—		—		—		—			(1.1	)

Net periodic benefit cost	$	6.1	$	5.1	$	6.0	$	4.5	$	0.8	$	0.6	$	(0.3	)	$	5.8

For the years ended December 31, 2011 and 2010, and the 2009 Predecessor Period, the Company recognized net pension and other postretirement benefit curtailment and other losses of $17.1 million, $3.0 million and $9.4 million, respectively, related to its restructuring actions.

Assumptions

The weighted average actuarial assumptions used in determining the benefit obligations are shown below:


	Pension						Other Postretirement
December 31,	2011			2010			2011			2010
Discount rate:
Domestic plans		4.5	%		5.5	%		4.0	%		5.0	%
Foreign plans		4.6	%		5.2	%		4.5	%		5.6	%
Rate of compensation increase:
Foreign plans		3.6	%		3.6	%		N/A			N/A

The weighted average actuarial assumptions used in determining the net periodic benefit cost are shown below:


	Successor									Predecessor
	Year Ended						Two Month Period Ended December 31, 2009			Ten Month Period Ended November 7, 2009
	December 31, 2011			December 31, 2010			Two Month Period Ended December 31, 2009			Ten Month Period Ended November 7, 2009
Pension
Discount rate:
Domestic plans		5.5	%		6.0	%		5.5	%		5.7	%
Foreign plans		5.2	%		5.9	%		5.8	%		6.2	%
Expected return on plan assets:
Domestic plans		8.0	%		8.0	%		8.3	%		8.3	%
Foreign plans		6.9	%		6.9	%		6.9	%		6.9	%
Rate of compensation increase:
Foreign plans		3.6	%		3.7	%		3.7	%		3.2	%
Other postretirement
Discount rate:
Domestic plans		5.0	%		5.5	%		5.5	%		5.8	%
Foreign plans		5.6	%		6.6	%		6.5	%		7.5	%

The expected return on plan assets is determined based on several factors, including adjusted historical returns, historical risk premiums for various asset classes and target asset allocations within the portfolio. Adjustments made to the historical returns are based on recent return experience in the equity and fixed income markets and the belief that deviations from historical returns are likely over the relevant investment horizon.

Assumed healthcare cost trend rates have a significant effect on the amounts reported for the postretirement benefit plans. A 1% increase in the assumed rate of healthcare cost increases each year would increase the postretirement benefit obligation by $24.8 million as of December 31, 2011, and increase the net periodic postretirement benefit cost by $1.7 million for the year then ended. A 1% decrease in the assumed rate of healthcare cost increases each year would decrease the postretirement benefit obligation by $20.5 million as of December 31, 2011, and decrease the net periodic postretirement benefit cost by $1.4 million for the year then ended.

For the measurement of postretirement benefit obligation as of December 31, 2011, domestic healthcare costs were assumed to increase 8% in 2012, grading down over time to 5% in nine years. Foreign healthcare costs were assumed to increase 6% in 2012, grading down over time to 5% in 20 years on a weighted average basis.

Plan Assets

With the exception of alternative investments, plan assets are valued at fair value using a market approach and observable inputs, such as quoted market prices in active markets (Level 1 and Level 2 inputs based on the GAAP fair value hierarchy). Alternative investments are valued at fair value based on net asset per share or unit provided for each investment fund. Net asset value per share or unit is considered an unobservable input (Level 3 input based on the GAAP fair value hierarchy). As of December 31, 2011 and 2010, the Company’s plan assets include alternative investments of $74.2 million and $63.6 million, respectively. Changes in the fair value of these plan assets for the years ended December 31, 2011 and 2010, are shown below (in millions):


	Successor
	December 31, 2011						December 31, 2010
	U.S.			Foreign			U.S.			Foreign
Fair value of investments in hedge fund assets at beginning of year	$	30.3		$	33.3		$	28.1		$	30.0
Unrealized gains (losses)		(2.1	)		(1.4	)		2.1			0.6
Realized gains (losses)		—			—			0.1			(0.1	)
Purchases		18.3			—			3.4			6.8
Sales		(3.0	)		(0.3	)		(3.0	)		(5.6	)
Foreign exchange and other		—			(0.9	)		(0.4	)		1.6

Fair value of investments in hedge fund assets at end of year	$	43.5		$	30.7		$	30.3		$	33.3

For further information on the GAAP fair value hierarchy, see Note 15, “Financial Instruments.”

The Company’s pension plan assets by asset category are shown below (in millions). Pension plan assets for the foreign plans relate to the Company’s pension plans in Canada and the United Kingdom.


	Successor
December 31,	2011		2010
Equity securities:
Domestic plans	$	196.1	$	196.2
Foreign plans		157.7		240.7
Debt securities:
Domestic plans		82.6		101.7
Foreign plans		113.8		154.5
Alternative investments:
Domestic plans		43.5		30.3
Foreign plans		30.7		33.3
Cash and other:
Domestic plans		7.7		6.9
Foreign plans		11.8		18.9

The Company’s investment policies incorporate an asset allocation strategy that emphasizes the long-term growth of capital. The Company believes that this strategy is consistent with the long-term nature of plan liabilities and ultimate cash needs of the plans. For the domestic portfolio, the Company targets an equity allocation of 50%—75% of plan assets, a fixed income allocation of 15%—40%, an alternative investment allocation of 0%—30% and a cash allocation of 0%—10%. For the foreign portfolio, the Company targets an equity allocation of 45%—65% of plan assets, a fixed income allocation of 30%—40%, an alternative investment allocation of 0%—20% and a cash allocation of 0%—10%. Differences in the target allocations of the domestic and foreign portfolios are reflective of differences in the underlying plan liabilities. Diversification within the investment portfolios is pursued by asset class and investment management style. The investment portfolios are reviewed on a quarterly basis to maintain the desired asset allocations, given the market performance of the asset classes and investment management styles.

The Company utilizes investment management firms to manage these assets in accordance with the Company’s investment policies. Excluding alternative investments, retained investment managers are provided investment guidelines that indicate prohibited assets, which include commodities contracts, futures contracts, options, venture capital, real estate, interest-only or principal-only strips and investments in the Company’s own debt or equity. Derivative instruments are also prohibited without the specific approval of the Company. Investment managers are limited in the maximum size of individual security holdings and the maximum exposure to any one industry relative to the total portfolio. Fixed income managers are provided further investment guidelines that indicate minimum credit ratings for debt securities and limitations on weighted average maturity and portfolio duration.

The Company evaluates investment manager performance against market indices which the Company believes are appropriate to the investment management style for which the investment manager has been retained. The Company’s investment policies incorporate an investment goal of aggregate portfolio returns which exceed the returns of the appropriate market indices by a reasonable spread over the relevant investment horizon.

Contributions

The Company expects contributions to its domestic and foreign pension plans to be approximately $35 to $40 million in 2012. The Company may elect to make contributions in excess of minimum funding requirements in response to investment performance or changes in interest rates or when the Company believes that it is financially advantageous to do so and based on its other cash requirements. The Company’s minimum funding requirements after 2012 will depend on several factors, including investment performance and interest rates. The Company’s minimum funding requirements may also be affected by changes in applicable legal requirements.

Benefit Payments

As of December 31, 2011, the Company’s estimate of expected benefit payments, excluding expected settlements relating to its restructuring actions, in each of the five succeeding years and in the aggregate for the five years thereafter are shown below (in millions):


	Pension				Other Postretirement
Year	U.S.		Foreign		U.S.		Foreign
2012	$	18.5	$	18.0	$	7.7	$	2.4
2013		15.8		17.4		7.9		2.4
2014		17.4		17.4		8.0		2.4
2015		18.5		17.7		8.2		2.5
2016		19.9		17.9		8.3		2.6
Five years thereafter		117.6		103.3		41.1		15.9

Multi-Employer Pension Plans

The Company currently participates in one multi-employer pension plan, the U.A.W. Labor-Management Group Pension Plan, for certain of its employees. Contributions to this plan are based on three collective bargaining agreements. Two of the agreements expire on June 30, 2012, and one expires on December 31, 2014. Detailed information related to this plan is shown below:

Pension Protection Act
Zone Status

Contributions to Multiemployer Pension Plan

Successor

Predecessor

Employer Identification Number

December 31,
2011
Certification ⁽¹⁾

December 31,
2010
Certification

FIP/RP
Pending or
Implemented

Year Ended
December 31,
2011 ⁽²⁾

Year Ended
December 31,
2010

Two Month
Period
Ended
2009

Ten Month
Period
Ended
2009

516099782-001

Unavailable

Green

0.5

0.9

0.1

0.7

(1)	As of January 1, 2011, the date of the most recent plan financial statements provided, total plan assets exceeded the plan accumulated benefit obligation.

(2)	There were no surcharges imposed on the Company in 2011.

Defined Contribution Plan

The Company also sponsors defined contribution plans and participates in government-sponsored programs in certain foreign countries. Contributions are determined as a percentage of each covered employee’s salary. For the years ended December 31, 2011 and 2010, the 2009 Successor Period and the 2009 Predecessor Period, the aggregate cost of the defined contribution pension plans was $7.4 million, $7.5 million, $0.5 million and $4.6 million, respectively.

The Company also has a defined contribution retirement program for its salaried employees. Contributions to this program are determined as a percentage of each covered employee’s eligible compensation. For the years ended December 31, 2011 and 2010, the 2009 Successor Period and the 2009 Predecessor Period, the Company recorded expense of $14.8 million, $16.0 million, $1.8 million and $10.3 million, respectively, related to this program.

Legislation

The Patient Protection and Affordable Care Act and the Health Care Education and Affordability Reconciliation Act are described in Note 9, “Income Taxes.” The Acts contain provisions which impact the Company’s accounting for retiree medical benefits. The impact of these provisions was not significant and has been included in the determination of the Company’s other postretirement benefit plan obligations and equity. The Company will continue to assess the provisions of the Acts and may consider plan amendments to respond to the provisions of the Acts.

The entire disclosure for pension and other postretirement benefits.

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-Number 03-2
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-Name Accounting Principles Board Opinion (APB)
-Number 30
-Paragraph 26
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-Name Statement of Financial Accounting Standard (FAS)
-Number 158
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-Number 132R
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-Publisher FASB
-Name Implementation Guide (Q and A)
-Number FAS88
-Paragraph 63
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-Name Accounting Standards Codification
-Topic 715
-URI http://asc.fasb.org/topic&trid=2235017

Capital Stock and Equity

12 Months Ended

Dec. 31, 2011

Capital Stock and Equity

(11) Capital Stock and Equity

Common Stock

The Company is authorized to issue up to 300,000,000 shares of Common Stock. The Company’s Common Stock is listed on the New York Stock Exchange under the symbol “LEA” and has the following rights and privileges:

•

Voting Rights – All shares of the Company’s common stock have identical rights and privileges. With limited exceptions, holders of common stock are entitled to one vote for each outstanding share of common stock held of record by each stockholder on all matters properly submitted for the vote of the Company’s stockholders.

•

Dividend Rights – Subject to applicable law, any contractual restrictions and the rights of the holders of outstanding preferred stock, if any, holders of common stock are entitled to receive ratably such dividends and other distributions that the Company’s board of directors, in its discretion, declares from time to time.

•

Liquidation Rights – Upon the dissolution, liquidation or winding up of the Company, subject to the rights of the holders of outstanding preferred stock, if any, holders of common stock are entitled to receive ratably the assets of the Company available for distribution to the Company’s stockholders in proportion to the number of shares of common stock held by each stockholder.

•

Conversion, Redemption and Preemptive Rights – Holders of common stock have no conversion, redemption, sinking fund, preemptive, subscription or similar rights.

•

Registration Rights – On the Effective Date, the Company entered into a Registration Rights Agreement with certain holders of common stock, that, subject to certain limitations contained therein, grants to such holders rights (i) to demand that the Company register, under the Securities Act, common stock held by such holders and issued on the Effective Date or thereafter acquired by such holders and (ii) to participate in the Company’s registrations of common stock. The Registration Rights Agreement will terminate on the third anniversary of the Effective Date.

Stock Split

On February 16, 2011, the Company’s Board of Directors declared a two-for-one stock split of the Company’s common stock. On March 17, 2011, as a result of the stock split, stockholders of record as of the close of business on March 4, 2011, received one additional share of common stock for every one share of common stock held by the stockholders of record. The Company recorded a transfer from additional paid-in-capital to common stock of $0.5 million, representing $0.01 par value of each share of common stock issued as a result of the stock split. Except as otherwise expressly stated, all issued common stock shares and per share amounts presented in the accompanying consolidated financial statements have been retroactively adjusted to reflect the stock split for all periods presented.

Common Stock Share Repurchase Program

On February 16, 2011, the Company’s Board of Directors authorized a three year, $400 million common stock share repurchase program, which expires on February 16, 2014. Under this program, the Company may repurchase shares of its outstanding common stock from time to time in open market or privately negotiated transactions at prices, times and amounts to be determined by the Company. On January 11, 2012, the Company’s Board of Directors authorized a $300 million increase to the existing common stock share repurchase program, bringing the total value of shares of outstanding common stock that may be repurchased under the program to $700 million. All other terms of the program, including the expiration date, remain unchanged. In 2011, the Company repurchased 6,182,429 shares of its outstanding common stock at an average purchase price of $45.15 per share, excluding commissions, for an aggregate purchase price of $279.1 million, and may repurchase an additional $420.9 million in shares of its outstanding common stock under the program. Shares and price per share have been retroactively adjusted to reflect the two-for-one stock split described above. The extent to which the Company will repurchase its outstanding common stock and the timing of such repurchases will depend upon its financial condition, prevailing market conditions, alternative uses of capital and other factors. In addition, the Company’s amended and restated credit facility and indentures governing its senior notes place certain limitations on the repurchase of common shares. See Note 8, “Long-Term Debt.”

In addition to shares repurchased under the Company’s common stock share repurchase program described above, the Company classified shares withheld from the settlement of the Company’s restricted stock unit awards to cover minimum tax withholding requirements as common stock held in treasury in the accompanying consolidated balance sheets as of December 31, 2011 and 2010.

Quarterly Dividend

The Company’s Board of Directors declared quarterly cash dividends of $0.125 per share of common stock in each of the quarters of 2011. Declared dividends totaled $52.9 million, in aggregate, of which $51.1 million was paid in 2011. Dividends payable on common shares to be distributed under the Company’s stock-based compensation program and common shares contemplated as part of the Company’s emergence from Chapter 11 bankruptcy proceedings will be paid when such common shares are distributed.

Preferred Stock

The Company is authorized to issue up to 100,000,000 shares of preferred stock, in one or more series, and to fix the designations, terms and relative rights and preferences, including the dividend rate, voting rights, conversion rights, redemption and sinking fund provisions and liquidation preferences of each of these series. On November 9, 2009, in connection with the Plan, the Company issued 10,896,250 shares of Series A Preferred Stock, par value $0.01 per share to certain holders. On November 10, 2010, each issued and outstanding share of Series A Preferred Stock converted on a two-for-one basis into 2,941,576 ⁽¹⁾shares of newly issued common stock. Prior to this conversion, shares of Series A Preferred Stock were converted into 16,821,030 ⁽¹⁾ and 2,029,894 ⁽¹⁾shares of newly issued common stock in 2010 and the 2009 Successor Period, respectively. As of December 31, 2011 and 2010, the Company did not have any shares of Series A Preferred Stock outstanding.

(1)	Share data has been retroactively adjusted to reflect the two-for-one stock split described above.

Warrants

On November 9, 2009, in connection with the Plan, the Company issued 8,157,249 Warrants. As of December 31, 2011 and 2010, there were 396,102 and 942,333 Warrants outstanding, respectively, exercisable into 792,204 and 1,884,666 shares of common stock (after giving effect to the two-for-one stock split described above). In accordance with GAAP, the Company accounts for the Warrants as equity instruments. The Company estimated the initial fair value of the Warrants issued to be $305.9 million using a Monte Carlo simulation pricing model with the following assumptions (after giving effect to the two-for-one stock split described above): exercise price of $0.005; implied stock price of $19.36; expected volatility of 60.0%; expected dividend rate of 0.0%; risk free interest rate of 2.3%; expiration date of five years and aggregate reorganization value of Successor Common Stock and Warrants of $1,636.2 million. The following is a description of the Warrants:

•

Exercise – Each Warrant entitles its holder to purchase two shares of common stock at an exercise price of $0.005 per share of common stock (adjusted for the two-for-one stock split described above) (the “Exercise Price”), subject to adjustment. All Warrants are exercisable until November 9, 2014 (warrant expiration date).

•

No Rights as Stockholders – Prior to the exercise of the Warrants, no holder of Warrants (solely in its capacity as a holder of Warrants) is entitled to any rights as a stockholder of the Company, including, without limitation, the right to vote, receive notice of any meeting of stockholders or receive dividends, allotments or other distributions.

•

Adjustments – The number of shares of common stock for which a Warrant is exercisable, the Exercise Price and the Trigger Price (as defined in the warrant agreement) will be subject to adjustment from time to time upon the occurrence of certain events, including an increase in the number of outstanding shares of common stock by means of a dividend consisting of shares of common stock, a subdivision of the Company’s outstanding shares of common stock into a larger number of shares of common stock or a combination of the Company’s outstanding shares of common stock into a smaller number of shares of common stock. In addition, upon the occurrence of certain events constituting a reorganization, recapitalization, reclassification, consolidation, merger or similar event, each holder of a Warrant will have the right to receive, upon exercise of a Warrant (if then exercisable), an amount of securities, cash or other property receivable by a holder of the number of shares of common stock for which a Warrant is exercisable immediately prior to such event.

Noncontrolling Interests

Noncontrolling interests increased in 2011 due to the acquisition of a controlling interest in an affiliate previously accounted for under the equity method and increased in 2010 due to the sale of noncontrolling interests in two previously wholly owned subsidiaries.

The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.

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-Name Accounting Principles Board Opinion (APB)
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Section 08
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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Stock-Based Compensation

12 Months Ended

Dec. 31, 2011

Stock-Based Compensation

(12) Stock-Based Compensation

Successor

As contemplated by the Plan, the Company adopted the Lear Corporation 2009 Long-Term Stock Incentive Plan as of November 9, 2009 (as amended, the “2009 LTSIP”). The 2009 LTSIP reserves 11,815,748 shares of common stock (after giving effect to the two-for-one stock split described in Note 11, “Capital Stock and Equity”) for issuance under stock option, restricted stock, restricted stock unit, restricted unit, performance share, performance unit and stock appreciation right awards.

Under the 2009 LTSIP, the Company has granted restricted stock units and performance shares to certain of its employees. Certain of the restricted stock unit awards vest in equal monthly installments over 36 months beginning one month following the grant date, certain of the restricted stock unit awards vest in equal annual installments over three years beginning one year following the grant date and the remainder of the restricted stock unit awards vest in three years following the grant date. The performance shares vest in three years following the grant date. In the years ended December 31, 2011 and 2010, and the 2009 Successor Period, the Company recognized compensation expense related to the restricted stock unit and performance share awards of $33.6 million, $21.8 million and $8.0 million, respectively. Unrecognized compensation expense related to the restricted stock unit and performance share awards of $29.7 million will be recognized over the next 1.4 years on a weighted average basis. In accordance with the provisions of the restricted stock unit and performance share awards, the Company withholds shares from the settlement of such awards to cover minimum statutory tax withholding requirements. The withheld shares are classified as common stock held in treasury in the accompanying consolidated balance sheets as of December 31, 2011 and 2010. A summary of restricted stock unit and performance share transactions during the years ended December 31, 2011 and 2010, and the 2009 Successor Period is shown below:


	Restricted Stock Units ⁽¹⁾					Performance Shares
				Weighted Average Grant Date Fair Value ⁽²⁾					Weighted Average Grant Date Fair Value ⁽²⁾
Outstanding as of November 9, 2009		2,687,976		$	19.50		—
Granted		—					—
Distributed (vested)		(114,438	)				—

Outstanding as of December 31, 2009		2,573,538					—
Granted		206,736		$	35.15		—
Distributed (vested)		(896,696	)				—
Cancelled		(28,650	)				—

Outstanding as of December 31, 2010		1,854,928					—
Granted		181,836		$	54.88		529,880		$	55.15
Distributed (vested)		(875,902	)				—
Cancelled		(22,446	)				(32,282	)

Outstanding as of December 31, 2011		1,138,416					497,598

(1)	Share data and weighted average grant date fair values for the year ended December 31, 2010, and the 2009 Successor Period have been retroactively adjusted to reflect the two-for-one stock split described in Note 11, “Capital Stock and Equity.”

(2)

For the years ended December 31, 2011 and 2010, the grant date fair values of restricted stock units and performance shares are based on the share price on the grant date. For the 2009 Successor Period, the restricted stock units were valued based on the reorganization value of the Successor Common Stock (see Note 3, “Fresh-Start Accounting”).

Predecessor

The Company had issued stock options under the 1996 Stock Option Plan and stock options, performance shares, restricted stock units and stock appreciation rights under the Long-Term Stock Incentive Plan. Upon emergence from Chapter 11 bankruptcy proceedings, all previously issued common stock and common stock equivalents were extinguished under the Plan.

A summary of stock option, performance share, restricted stock unit and stock appreciation right transactions during the 2009 Predecessor Period is shown below:


	Stock Options					Performance Shares ⁽¹⁾			Restricted Stock Units			Stock Appreciation Rights ⁽²⁾
				(Price Range)
Outstanding as of January 1, 2009		1,268,180		$	22.12 - $55.33		168,696			1,040,740			2,432,745
Distributed or exercised		—			N/A		(75,755	)		(103,933	)		—
Expired or cancelled		(1,268,180	)	$	22.12 - $55.33		(92,941	)		(936,807	)		(2,432,745	)

Outstanding as of November 7, 2009		—			N/A		—			—			—

(1)

Performance shares reflected as “outstanding” were notional shares granted at the beginning of a three-year performance period whose eventual payout was subject to satisfaction of performance criteria. Performance shares reflected as “distributed” were those performance shares that were paid out in shares of common stock upon satisfaction of the performance criteria at the end of the three-year performance period.

(2)	Excludes cash-settled stock appreciation rights.

All outstanding options were exercisable. All outstanding performance shares and restricted stock units were nonvested. Performance shares and restricted stock units were distributed when vested.

Performance shares vested in three years following the grant date. Restricted stock units vested in two to five years following the grant date. Stock appreciation rights vested in six months to three years following the grant date and expired three and a half years to seven years following the grant date.

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 123R
-Paragraph 64, 65, A240
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 93-6
-Paragraph 53
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 14

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 50
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666

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-Name Accounting Standards Codification
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-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901

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Reference 8: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 718
-SubTopic 40
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929

Commitments and Contingencies

Commitments and Contingencies

12 Months Ended

Dec. 31, 2011

(13) Commitments and Contingencies

Legal and Other Contingencies

As of December 31, 2011 and 2010, the Company had recorded reserves for pending legal disputes, including commercial disputes and other matters, of $17.0 million and $23.4 million, respectively. Such reserves reflect amounts recognized in accordance with GAAP and typically exclude the cost of legal representation. Product liability and warranty reserves are recorded separately from legal reserves, as described below.

On October 5, 2011, a plaintiff filed a putative class action complaint in the United States District Court for the Eastern District of Michigan against the Company and several other global suppliers of automotive wire harnesses alleging violations of federal and state antitrust and related laws. Since that time, a number of other plaintiffs have filed substantially similar class action complaints against the Company and these and other suppliers and individuals in a number of different federal district courts, and it is possible that additional similar lawsuits may be filed in the future. Plaintiffs purport to be direct and indirect purchasers of automotive wire harnesses supplied by the Company and/or the other defendants during the relevant period. The complaints allege that the defendants conspired to fix prices at which automotive wire harnesses were sold and that this had an anticompetitive effect upon interstate commerce in the United States. The complaints further allege that defendants fraudulently concealed their alleged conspiracy. The plaintiffs in these proceedings seek injunctive relief and recovery of an unspecified amount of damages, as well as costs and expenses relating to the proceedings, including attorneys’ fees. Several plaintiffs filed motions with the Judicial Panel on Multidistrict Litigation ( the “JPML”) requesting that these various civil complaints be consolidated into one proceeding before a single U.S. District Court. The motions were heard by the JPML on January 26, 2012, and on February 7, 2012, the JPML entered an order consolidating the complaints into one proceeding in the United States District Court for the Eastern District of Michigan. On November 17, 2011, the Company filed a motion with the United States Bankruptcy Court for the Southern District of New York seeking entry of an order enforcing the Company’s 2009 Plan of Reorganization and directing dismissal of the pending class action complaints. The bankruptcy court heard oral argument on the motion and, on February 10, 2012, ruled that claims against the Company alleging violation of antitrust law are enjoined to the extent that they arose prior to the Company’s emergence from Chapter 11 bankruptcy proceedings on November 9, 2009. The bankruptcy court further held that the District Court was the appropriate forum to address antitrust claims arising after the Company’s emergence from Chapter 11 bankruptcy proceedings. The ultimate outcome of this litigation, and consequently, an estimate of the possible loss, if any, related to this litigation, cannot reasonably be determined at this time. However, the Company believes the plaintiffs’ allegations against it are without merit and intends to vigorously defend itself in these proceedings.

Commercial Disputes

The Company is involved from time to time in legal proceedings and claims, including, without limitation, commercial or contractual disputes with its customers, suppliers and competitors. These disputes vary in nature and are usually resolved by negotiations between the parties.

Product Liability and Warranty Matters

In the event that use of the Company’s products results in, or is alleged to result in, bodily injury and/or property damage or other losses, the Company may be subject to product liability lawsuits and other claims. Such lawsuits generally seek compensatory damages, punitive damages and attorney fees and costs. In addition, the Company is a party to warranty-sharing and other agreements with certain of its customers related to its products. These customers may pursue claims against the Company for contribution of all or a portion of the amounts sought in connection with product liability and warranty claims. The Company can provide no assurances that it will not experience material claims in the future or that it will not incur significant costs to defend such claims. In addition, if any of the Company’s products are, or are alleged to be, defective, the Company may be required or requested by its customers to participate in a recall or other corrective action involving such products. Certain of the Company’s customers have asserted claims against the Company for costs related to recalls or other corrective actions involving its products.

In certain instances, allegedly defective products may be supplied by tier 2 suppliers. The Company may seek recovery from its suppliers of materials or services included within the Company’s products that are associated with product liability and warranty claims. The Company carries insurance for certain legal matters, including product liability claims, but such coverage may be limited. The Company does not maintain insurance for product warranty or recall matters. Future dispositions with respect to the Company’s product liability claims that were subject to compromise under the Chapter 11 bankruptcy proceedings will be satisfied out of a common stock and warrant reserve established for that purpose.

A summary of the changes in reserves for product liability and warranty claims for each of the periods in the two years ended December 31, 2011, is shown below (in millions):


Balance as of January 1, 2010 – Successor	$	26.5
Expense, net, including changes in estimates		32.1
Settlements		(11.9	)
Foreign currency translation and other		(3.1	)

Balance as of December 31, 2010 – Successor		43.6
Expense, net, including changes in estimates		(2.2	)
Settlements		(18.7	)
Foreign currency translation and other		0.7

Balance as of December 31, 2011 – Successor	$	23.4

Environmental Matters

The Company is subject to local, state, federal and foreign laws, regulations and ordinances which govern activities or operations that may have adverse environmental effects and which impose liability for clean-up costs resulting from past spills, disposals or other releases of hazardous wastes and environmental compliance. The Company’s policy is to comply with all applicable environmental laws and to maintain an environmental management program based on ISO 14001 to ensure compliance with this standard. However, the Company currently is, has been and in the future may become the subject of formal or informal enforcement actions or procedures.

The Company has been named as a potentially responsible party at several third-party landfill sites and is engaged in the cleanup of hazardous waste at certain sites owned, leased or operated by the Company, including several properties acquired in its 1999 acquisition of UT Automotive, Inc. (“UT Automotive”). Certain present and former properties of UT Automotive are subject to environmental liabilities which may be significant. The Company obtained agreements and indemnities with respect to certain environmental liabilities from United Technologies Corporation (“UTC”) in connection with its acquisition of UT Automotive. UTC manages and directly funds these environmental liabilities pursuant to its agreements and indemnities with the Company.

As of December 31, 2011 and 2010, the Company had recorded environmental reserves of $2.8 million and $2.7 million, respectively. The Company does not believe that the environmental liabilities associated with its current and former properties will have a material adverse impact on its business, financial condition, results of operations or cash flows; however, no assurances can be given in this regard.

Other Matters

The Company is involved from time to time in various other legal proceedings and claims, including, without limitation, commercial and contractual disputes, intellectual property matters, personal injury claims, tax claims and employment matters. Although the outcome of any legal matter cannot be predicted with certainty, the Company does not believe that any of these other legal proceedings or claims in which the Company is currently involved, either individually or in the aggregate, will have a material adverse impact on its business, financial condition, results of operations or cash flows. However, no assurances can be given in this regard.

Although the Company records reserves for legal disputes, product liability and warranty claims and environmental and other matters in accordance with GAAP, the ultimate outcomes of these matters are inherently uncertain. Actual results may differ significantly from current estimates.

Employees

Approximately 59% of the Company’s employees are members of industrial trade unions and are employed under the terms of collective bargaining agreements. Collective bargaining agreements covering approximately 81% of the Company’s unionized workforce of approximately 58,000 employees, including 40% of the Company’s unionized workforce in the United States and Canada, are scheduled to expire in 2012. Management does not anticipate any significant difficulties with respect to the agreements as they are renewed.

Lease Commitments

A summary of lease commitments as of December 31, 2011, under non-cancelable operating leases with terms exceeding one year is shown below (in millions):


2012	$	78.3
2013		59.8
2014		47.4
2015		32.9
2016		27.4
2017 and thereafter		30.8

Total	$	276.6

The Company’s operating leases cover principally buildings and transportation equipment. Rent expense was $99.2 million, $80.2 million, $12.7 million and $78.2 million for the years ended December 31, 2011 and 2010, the 2009 Successor Period and the 2009 Predecessor Period, respectively.

The entire disclosure for commitments and contingencies.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 14
-Paragraph 3
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 9, 10, 11, 12
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.25)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

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-Name Accounting Standards Codification
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-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6952336&loc=d3e14435-108349

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-URI http://asc.fasb.org/extlink&oid=6449706&loc=d3e16207-108621

Segment Reporting

12 Months Ended

Dec. 31, 2011

Segment Reporting

(14) Segment Reporting

A summary of revenues from external customers and other financial information by reportable operating segment is shown below (in millions):


	Successor – Year Ended December 31, 2011
	Seating		EPMS		Other			Consolidated
Revenues from external customers	$	10,943.0	$	3,213.5	$	—		$	14,156.5
Segment earnings ⁽¹⁾		703.7		185.1		(209.2	)		679.6
Depreciation and amortization		146.5		92.3		7.5			246.3
Capital expenditures		184.0		139.4		6.1			329.5
Total assets		3,697.9		1,255.0		2,058.0			7,010.9


	Successor – Year Ended December 31, 2010
	Seating		EPMS			Other			Consolidated
Revenues from external customers	$	9,395.3	$	2,559.3		$	—		$	11,954.6
Segment earnings ⁽¹⁾		655.0		100.5			(217.1	)		538.4
Depreciation and amortization		145.7		83.9			6.3			235.9
Capital expenditures		114.2		71.1			8.0			193.3
Total assets		3,491.1		1,052.2			2,077.8			6,621.1

	Successor –Two Month Period Ended December 31, 2009
	Seating		EPMS			Other			Consolidated
Revenues from external customers	$	1,251.1	$	329.8		$	—		$	1,580.9
Segment earnings ⁽¹⁾		52.4		(24.5	)		(30.8	)		(2.9	)
Depreciation and amortization		24.9		14.0			0.9			39.8
Capital expenditures		19.0		16.9			5.4			41.3
Total assets		3,182.9		966.5			1,923.9			6,073.3

	Predecessor –Ten Month Period Ended November 7, 2009
	Seating		EPMS			Other			Consolidated
Revenues from external customers	$	6,561.8	$	1,596.9		$	—		$	8,158.7
Segment earnings ⁽¹⁾		184.9		(131.3	)		(147.0	)		(93.4	)
Depreciation and amortization		131.6		80.2			12.1			223.9
Capital expenditures		46.5		27.9			3.1			77.5

(1)	See definition in Note 4, “Summary of Significant Accounting Policies — Segment Reporting.”

For the year ended December 31, 2011, segment earnings include restructuring charges of $66.4 million and $2.4 million in the seating and EPMS segments, respectively (Note 5, “Restructuring”).

For the year ended December 31, 2010, segment earnings include restructuring charges of $44.2 million, $17.4 million and $2.3 million in the seating and EPMS segments and in the other category, respectively (Note 5, “Restructuring”).

For the 2009 Successor Period, segment earnings include restructuring charges of $17.5 million, $23.6 million and $2.1 million in the seating and EPMS segments and in the other category, respectively (Note 5, “Restructuring”).

For the 2009 Predecessor Period, segment earnings include restructuring charges of $47.5 million, $53.3 million and $4.0 million in the seating and EPMS segments and in the other category, respectively (Note 5, “Restructuring”).

A reconciliation of segment earnings to consolidated income (loss) before provision (benefit) for income taxes and equity in net (income) loss of affiliates is shown below (in millions):


	Successor									Predecessor
	Year Ended						Two Month Period Ended December 31, 2009			Ten Month Period Ended November 7, 2009
	December 31, 2011			December 31, 2010			Two Month Period Ended December 31, 2009			Ten Month Period Ended November 7, 2009
Segment earnings	$	888.8		$	755.5		$	27.9		$	53.6
Corporate and regional headquarters and elimination of intercompany activity (“Other”)		(209.2	)		(217.1	)		(30.8	)		(147.0	)

Consolidated income (loss) before goodwill impairment charges, interest, other (income) expense, reorganization items and fresh-start accounting adjustments, provision (benefit) for income taxes and equity in net (income) loss of affiliates		679.6			538.4			(2.9	)		(93.4	)
Goodwill impairment charges		—			—			—			319.0
Interest expense		39.7			55.4			11.1			151.4
Other (income) expense, net		24.2			34.2			19.8			(16.6	)
Reorganization items and fresh-start accounting adjustments, net		—			—			—			(270.7	)

Consolidated income (loss) before provision (benefit) for income taxes and equity in net (income) loss of affiliates	$	615.7		$	448.8		$	(33.8	)	$	(276.5	)

Revenues from external customers and tangible long-lived assets for each of the geographic areas in which the Company operates is shown below (in millions):


	Successor						Predecessor
	Year Ended				Two Month Period Ended December 31, 2009		Ten Month Period Ended November 7, 2009
	December 31, 2011		December 31, 2010		Two Month Period Ended December 31, 2009		Ten Month Period Ended November 7, 2009
Revenues from external customers:
United States	$	2,542.2	$	2,137.1	$	242.7	$	1,352.5
Germany		2,522.5		2,110.5		283.9		1,653.6
Mexico		1,659.0		1,435.0		192.4		838.1
China		1,363.0		1,144.9		175.9		727.6
Other countries		6,069.8		5,127.1		686.0		3,586.9

Total	$	14,156.5	$	11,954.6	$	1,580.9	$	8,158.7


	Successor
December 31,	2011		2010
Tangible long-lived assets:
United States	$	152.5	$	165.8
Germany		123.8		134.9
Mexico		180.8		162.6
China		86.4		59.8
Other countries		528.5		471.6

Total	$	1,072.0	$	994.7

The following is a summary of the percentage of revenues from major customers:


For the year ended December 31,	2011			2010			2009
Ford		19.4	%		18.2	%		19.0	%
General Motors		18.8			20.9			19.8
BMW		11.6			10.9			12.3

In addition, a portion of the Company’s remaining revenues are from the above automotive manufacturing companies through various other automotive suppliers.

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 131
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599

Financial Instruments

12 Months Ended

Dec. 31, 2011

Financial Instruments

(15) Financial Instruments

The carrying values of the Company’s debt instruments vary from their fair values. The fair values were determined by reference to the quoted market prices of these securities. As of December 31, 2011, the aggregate carrying value of the Company’s Notes was $695.4 million, as compared to an estimated aggregate fair value of $764.6 million. As of December 31, 2010, the aggregate carrying value of the Company’s Notes was $694.9 million, as compared to an estimated aggregate fair value of $755.6 million.

Derivative Instruments and Hedging Activities

Foreign exchange — The Company uses forwards, swaps and other derivative contracts to reduce the effects of fluctuations in foreign exchange rates on known foreign currency exposures. Gains and losses on the derivative instruments are intended to offset gains and losses on the hedged transaction in an effort to reduce exposure to fluctuations in foreign exchange rates. The principal currencies hedged by the Company include the Mexican peso, various European currencies and the Chinese renminbi. As of December 31, 2011 and 2010, contracts designated as cash flow hedges with $585.7 million and $174.7 million, respectively, of notional amount were outstanding with maturities of less than 17 months. As of December 31, 2011 and 2010, the fair value of these contracts was approximately ($39.1) million and ($1.3) million, respectively. As of December 31, 2011 and 2010, other foreign currency derivative contracts that did not qualify for hedge accounting with $148.4 million and $140.6 million, respectively, of notional amount were outstanding. These foreign currency derivative contracts consist principally of cash transactions of up to 16 months, hedges of intercompany loans and hedges of certain other balance sheet exposures. As of December 31, 2011 and 2010, the fair value of these contracts was approximately ($5.4) million and $0.4 million, respectively.

The fair value of outstanding foreign currency derivative contracts and the related classification in the accompanying consolidated balance sheets are shown below (in millions):


	Successor
December 31,	2011			2010
Contracts qualifying for hedge accounting:
Other current assets	$	0.2		$	0.2
Other current liabilities		(38.1	)		(1.5	)
Other long-term liabilities		(1.2	)		—

		(39.1	)		(1.3	)

Contracts not qualifying for hedge accounting:
Other current assets		—			0.7
Other current liabilities		(5.4	)		(0.3	)

		(5.4	)		0.4

	$	(44.5	)	$	(0.9	)

Pretax amounts related to foreign currency derivative contracts that were recognized in and reclassified from accumulated other comprehensive loss are shown below (in millions):


	Successor						Predecessor
	Year Ended						Ten Month Period Ended
	December 31, 2011			December 31, 2010			November 7, 2009
Contracts qualifying for hedge accounting:
Gains (losses) recognized in accumulated other comprehensive loss	$	(50.4	)	$	9.5		$	(13.9	)
(Gains) losses reclassified from accumulated other comprehensive loss		12.6			(10.8	)		57.8

Comprehensive income (loss)	$	(37.8	)	$	(1.3	)	$	43.9

For the years ended December 31, 2011 and 2010, and the 2009 Predecessor Period, net sales includes losses of $1.7 million, $1.4 million and $1.7 million, respectively, reclassified from accumulated other comprehensive loss related to foreign currency derivative contracts. For the years ended December 31, 2011 and 2010, and the 2009 Predecessor Period, cost of sales includes gains (losses) of ($10.9) million, $12.2 million and ($55.9) million, respectively, reclassified from accumulated other comprehensive loss related to foreign currency derivative contracts.

Interest rate — Historically, the Company used interest rate swap and other derivative contracts to manage its exposure to fluctuations in interest rates. As of December 31, 2011 and 2010, there were no interest rate contracts outstanding. The Company will continue to evaluate, and may use, derivative financial instruments, including forwards, futures, options, swaps and other derivative contracts to manage its exposures to fluctuations in interest rates in the future.

Pretax amounts related to interest rate contracts that were recognized in and reclassified from accumulated other comprehensive loss are shown below (in millions):


	Predecessor
	Ten Month Period Ended November 7, 2009
Contracts qualifying for hedge accounting:
Losses recognized in accumulated other comprehensive loss	$	(14.2	)
Losses reclassified from accumulated other comprehensive loss		11.9

Comprehensive loss	$	(2.3	)

Commodity prices — The Company uses derivative instruments to reduce its exposure to fluctuations in certain commodity prices. These derivative instruments are utilized to hedge forecasted inventory purchases and to the extent that they qualify and meet hedge accounting criteria, they are accounted for as cash flow hedges. Commodity swap contracts that are not designated as cash flow hedges are marked to market with changes in fair value recognized immediately in the consolidated statements of operations (Note 4, “Summary of Significant Accounting Policies”). As of December 31, 2011, commodity swap contracts with $3.4 million of notional amount were outstanding with maturities of less than twelve months. As of December 31, 2011, the fair market value of these contracts was ($0.3) million. As of December 31, 2010, there were no commodity swap contracts outstanding.

The fair value of outstanding commodity swap contracts and the related classification in the accompanying consolidated balance sheet are shown below (in millions):


	Successor
	December 31, 2011
Contracts qualifying for hedge accounting:
Other current liabilities	$	(0.3	)

Pretax amounts related to commodity swap contracts that were recognized in and reclassified from accumulated other comprehensive loss are shown below (in millions):


	Successor			Predecessor
	Year Ended December 31, 2011			Ten Month Period Ended November 7, 2009
Contracts qualifying for hedge accounting:
Gains (losses) recognized in accumulated other comprehensive loss	$	(0.5	)	$	1.8
Losses reclassified from accumulated other comprehensive loss		0.2			4.2

Comprehensive income (loss)	$	(0.3	)	$	6.0

As of December 31, 2011 and 2010, pretax net losses of approximately $39.4 million and $1.3 million, respectively, related to the Company’s derivative instruments and hedging activities were recorded in accumulated other comprehensive loss. During the year ended December 31, 2011, the Company reclassified net losses of approximately $12.8 million related to its hedging activities from accumulated other comprehensive loss into earnings. During the year ending December 31, 2012, the Company expects to reclassify net losses of approximately $38.3 million related to its hedging activities from accumulated other comprehensive loss into earnings. Such losses will be reclassified at the time that the underlying hedged transactions are realized. During the years ended December 31, 2011 and 2010, and the 2009 Predecessor Period, amounts recognized in the accompanying consolidated statements of operations related to changes in the fair value of cash flow hedges that were excluded from the Company’s effectiveness assessments and the ineffective portion of changes in the fair value of cash flow and fair value hedges were not material.

Fair Value Measurements

GAAP provides that fair value is an exit price, defined as a market-based measurement that represents the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. Fair value measurements are based on one or more of the following three valuation techniques:


Market:		This approach uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities.
Income:		This approach uses valuation techniques to convert future amounts to a single present value amount based on current market expectations.
Cost:		This approach is based on the amount that would be required to replace the service capacity of an asset (replacement cost).

Further, GAAP prioritizes the inputs and assumptions used in the valuation techniques described above into a three-tier fair value hierarchy as follows:


Level 1:		Observable inputs, such as quoted market prices in active markets for identical assets or liabilities that are accessible at the measurement date.
Level 2:		Inputs, other than quoted market prices included in Level 1, that are observable either directly or indirectly for the asset or liability.
Level 3:		Unobservable inputs that reflect the entity’s own assumptions about the exit price of the asset or liability. Unobservable inputs may be used if there is little or no market data for the asset or liability at the measurement date.

The Company discloses fair value measurements and the related valuation techniques and fair value hierarchy level for its assets and liabilities that are measured or disclosed at fair value.

Items measured at fair value on a recurring basis – Fair value measurements and the related valuation techniques and fair value hierarchy level for the Company’s assets and liabilities measured or disclosed at fair value on a recurring basis as of December 31, 2011 and 2010, are shown below (in millions):


			Successor –December 31, 2011
	Frequency		Asset (Liability)			Valuation Technique		Level 1		Level 2			Level 3
Foreign currency derivative contracts		Recurring	$	(44.5	)		Market/Income	$	—	$	(44.5	)	$	—
Commodity swap contracts		Recurring	$	(0.3	)		Market/Income	$	—	$	(0.3	)	$	—

			Successor –December 31, 2010
	Frequency		Asset (Liability)			Valuation Technique		Level 1		Level 2			Level 3
Foreign currency derivative contracts		Recurring	$	(0.9	)		Market/Income	$	—	$	(0.9	)	$	—

The Company determines the fair value of its derivative contracts using quoted market prices to calculate the forward values and then discounts such forward values to the present value. The discount rates used are based on quoted bank deposit or swap interest rates. If a derivative contract is in a net liability position, these discount rates are adjusted by an estimate of the credit spread that would be applied by market participants purchasing these contracts from the Company’s counterparties. To estimate this credit spread, the Company uses significant assumptions and factors other than quoted market rates, which would result in the classification of its derivative liabilities within Level 3 of the fair value hierarchy, to the extent that such adjustment is necessary. As of December 31, 2011 and 2010, there were no derivative contracts that were classified within Level 3 of the fair value hierarchy. In addition, there were no transfers in or out of Level 3 of the fair value hierarchy during 2011 and 2010.

For further information on fair value measurements and the Company’s defined benefit pension plan assets, see Note 10, “Pension and Other Postretirement Benefit Plans.”

Items measured at fair value on a non-recurring basis – The Company measures certain assets and liabilities at fair value on a non-recurring basis. As these non-recurring fair value measurements are generally determined using unobservable inputs, these fair value measurements are classified within Level 3 of the fair value hierarchy. As of December 31, 2011 and 2010, there were no significant assets or liabilities measured at fair value on a non-recurring basis. For further information on assets and liabilities measured at fair value on a non-recurring basis, see Note 3, “Fresh-Start Accounting,” Note 4, “Summary of Significant Accounting Policies,” Note 5, “Restructuring,” and Note 6, “Investments in Affiliates and Other Related Party Transactions.”

Quarterly Financial Data

12 Months Ended

Dec. 31, 2011

Quarterly Financial Data

(16) Quarterly Financial Data (unaudited)


(In millions, except per share data)	Successor – Thirteen Weeks Ended
	April 2, 2011		July 2, 2011		October 1, 2011		December 31, 2011
Net sales	$	3,511.7	$	3,676.3	$	3,460.0	$	3,508.5
Gross profit		323.4		346.6		280.5		242.7
Consolidated net income		162.7		185.7		108.1		113.9
Net income attributable to Lear		156.0		177.5		100.7		106.5
Basic net income per share attributable to Lear		1.48		1.70		0.97		1.05
Diluted net income per share attributable to Lear		1.44		1.65		0.95		1.03


	Successor – Thirteen Weeks Ended
	April 3, 2010		July 3, 2010		October 2, 2010		December 31, 2010
Net sales	$	2,938.5	$	3,039.3	$	2,820.3	$	3,156.5
Gross profit		254.8		292.8		235.8		234.9
Consolidated net income		73.8		165.3		98.5		123.8
Net income attributable to Lear		66.1		159.8		95.3		117.1
Basic net income per share attributable to Lear		0.68		1.58		0.92		1.12
Diluted net income per share attributable to Lear		0.61		1.48		0.88		1.08

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

Accounting Pronouncements

Accounting Pronouncements

12 Months Ended

Dec. 31, 2011

(17) Accounting Pronouncements

Goodwill Impairment

The Financial Accounting Standards Board (“FASB”) amended ASC 350, “Intangibles — Goodwill and Other,” with Accounting Standards Update (“ASU”) 2010-28, “When to Perform Step 2 of the Goodwill Impairment Test for Reporting Units with Zero or Negative Carrying Amounts.” This update requires that step 2 of the goodwill impairment test (i.e., measurement and recognition of an impairment loss) be performed if a reporting unit has a carrying value equal to or less than zero and qualitative factors indicate that it is more likely than not that a goodwill impairment exists. The provisions of this update were effective for annual reporting periods beginning after December 15, 2010. The Company’s annual goodwill impairment test is conducted as of the first day of its fourth quarter. The effects of adoption were not significant.

The FASB amended ASC 350, “Intangibles — Goodwill and Other,” with ASU 2011-08, “Testing Goodwill for Impairment.” This update provides entities with the option to perform a qualitative assessment of whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If it is more likely than not that the fair value of a reporting unit is less than its carrying amount, the two-step impairment test is required. Otherwise, no further goodwill impairment testing is required. The provisions of this update are effective for annual and interim testing periods beginning after December 15, 2011; however, early adoption is permitted. The Company adopted the provisions of this ASU in connection with its 2011 annual goodwill impairment test. For further information, see Note 4, “ Summary of Significant Accounting Policies.”

Business Combinations

The FASB amended ASC 805, “Business Combinations,” with ASU 2010-29, “Disclosure of Supplementary Pro Forma Information for Business Combinations,” to, among other things, require pro forma revenue and earnings disclosures in comparative financial statements that reflect the results of operations of the acquired entity as though the business combination had occurred as of the beginning of the prior year. The provisions of this update are effective for annual reporting periods beginning after December 15, 2010. The Company will evaluate the impact of this update on material future business combinations.

Fair Value Measurements

The FASB amended ASC 820, “Fair Value Measurements,” with ASU 2010-06, “Improving Disclosures about Fair Value Measurements,” to require additional disclosures related to activity within Level 3 of the fair value hierarchy. The provisions of this update are effective for reporting periods beginning after December 15, 2010. The effects of adoption were not significant. For further information, see Note 15, “Financial Instruments.”

The FASB amended ASC 820, “Fair Value Measurements,” with ASU 2011-04, “Fair Value Measurement (Topic 820) – Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs.” This update provides converged guidance on how to measure fair value, which is largely consistent with existing GAAP. This update also requires additional fair value measurement disclosures. The provisions of this update are effective as of January 1, 2012. The Company is currently evaluating the impact of this update on its financial statement disclosures.

Revenue Recognition

The FASB amended ASC 605, “Revenue Recognition,” with ASU 2009-13, “Revenue Recognition (Topic 605) – Multiple-Deliverable Revenue Arrangements.” If a revenue arrangement has multiple deliverables, this update requires the allocation of revenue to the separate deliverables based on relative selling prices. In addition, this update requires additional ongoing disclosures about an entity’s multiple-element revenue arrangements. The provisions of this update were effective as of January 1, 2011. The effects of adoption were not significant.

Comprehensive Income

The FASB amended ASC 220, “Comprehensive Income,” with ASU 2001-05, “Comprehensive Income (Topic 220) – Presentation of Comprehensive Income,” which revises the manner in which comprehensive income is presented in an entity’s financial statements. This update requires the presentation of the components of comprehensive income in either a continuous statement of comprehensive income or in two separate but consecutive financial statements. The option to present comprehensive income in the statement of stockholders’ equity has been eliminated. The provisions of this update are effective as of January 1, 2012. The implementation of this update will have no impact on the manner in which the Company accounts for comprehensive income.

Multiemployer Pension Plans

The FASB amended ASC 715-80, “Compensation — Retirement Benefits — Multiemployer Plans,” with ASU 2011-09, “Disclosures about an Employer’s Participation in a Multiemployer Plan.” This update requires additional qualitative and quantitative disclosures about an employer’s participation in significant multiemployer plans that offer pension or other postretirement benefits. The provisions of this update are effective for annual reporting periods ending after December 15, 2011; however, early adoption is permitted. For further information, see Note 10, “Pension and Other Postretirement Benefit Plans.”

The entire disclosure for reporting accounting changes and error corrections. It includes the conveyance of information necessary for a user of the Company's financial information to understand all aspects and required disclosure information concerning all changes and error corrections reported in the Company's financial statements for the period.

Supplemental Guarantor Condensed Consolidating Financial Statements

Supplemental Guarantor Condensed Consolidating Financial Statements

12 Months Ended

Dec. 31, 2011

(18) Supplemental Guarantor Condensed Consolidating Financial Statements


Successor – December 31, 2011
	Lear			Guarantors		Non- guarantors		Eliminations			Consolidated
	(in millions)
Assets
Current Assets:
Cash and cash equivalents	$	820.3		$	1.4	$	932.6	$	—		$	1,754.3
Accounts receivable		56.4			299.1		1,524.6		—			1,880.1
Inventories		7.7			234.1		396.0		—			637.8
Other		99.4			18.4		371.5		—			489.3

Total current assets		983.8			553.0		3,224.7		—			4,761.5

Long-Term Assets:
Property, plant and equipment, net		90.2			164.5		817.3		—			1,072.0
Goodwill		23.5			303.9		301.2		—			628.6
Investments in subsidiaries		594.2			677.4		—		(1,271.6	)		—
Other		115.2			30.9		402.7		—			548.8

Total long-term assets		823.1			1,176.7		1,521.2		(1,271.6	)		2,249.4

	$	1,806.9		$	1,729.7	$	4,745.9	$	(1,271.6	)	$	7,010.9

Liabilities and Equity
Current Liabilities:
Accounts payable and drafts	$	92.2		$	473.7	$	1,448.4	$	—		$	2,014.3
Accrued liabilities		135.5			171.0		742.7		—			1,049.2

Total current liabilities		227.7			644.7		2,191.1		—			3,063.5

Long-Term Liabilities:
Long-term debt		695.4			—		—		—			695.4
Intercompany accounts, net		(1,754.6	)		675.2		1,079.4		—			—
Other		202.0			149.0		339.9		—			690.9

Total long-term liabilities		(857.2	)		824.2		1,419.3		—			1,386.3

Equity:
Lear Corporation stockholders’ equity		2,436.4			260.8		1,010.8		(1,271.6	)		2,436.4
Noncontrolling interests		—			—		124.7		—			124.7

Equity		2,436.4			260.8		1,135.5		(1,271.6	)		2,561.1

	$	1,806.9		$	1,729.7	$	4,745.9	$	(1,271.6	)	$	7,010.9


Successor – December 31, 2010
	Lear			Guarantors		Non- guarantors		Eliminations			Consolidated
	(in millions)
Assets
Current Assets:
Cash and cash equivalents	$	808.8		$	0.4	$	844.9	$	—		$	1,654.1
Accounts receivable		37.1			248.4		1,472.9		—			1,758.4
Inventories		7.5			204.7		342.0		—			554.2
Other		115.5			10.5		292.8		—			418.8

Total current assets		968.9			464.0		2,952.6		—			4,385.5

Long-Term Assets:
Property, plant and equipment, net		96.2			154.1		744.4		—			994.7
Goodwill		23.5			303.9		287.2		—			614.6
Investments in subsidiaries		599.1			644.2		—		(1,243.3	)		—
Other		194.8			33.6		397.9		—			626.3

Total long-term assets		913.6			1,135.8		1,429.5		(1,243.3	)		2,235.6

	$	1,882.5		$	1,599.8	$	4,382.1	$	(1,243.3	)	$	6,621.1

Liabilities and Equity
Current Liabilities:
Short-term borrowings	$	—		$	—	$	4.1	$	—		$	4.1
Accounts payable and drafts		97.0			395.3		1,346.1		—			1,838.4
Accrued liabilities		128.3			161.3		686.4		—			976.0

Total current liabilities		225.3			556.6		2,036.6		—			2,818.5

Long-Term Liabilities:
Long-term debt		694.9			—		—		—			694.9
Intercompany accounts, net		(1,645.6	)		553.4		1,092.2		—			—
Other		147.7			100.2		291.0		—			538.9

Total long-term liabilities		(803.0	)		653.6		1,383.2		—			1,233.8

Equity:
Lear Corporation stockholders’ equity		2,460.2			389.6		853.7		(1,243.3	)		2,460.2
Noncontrolling interests		—			—		108.6		—			108.6

Equity		2,460.2			389.6		962.3		(1,243.3	)		2,568.8

	$	1,882.5		$	1,599.8	$	4,382.1	$	(1,243.3	)	$	6,621.1


Successor – Year Ended December 31, 2011
	Lear			Guarantor			Non- Guarantor			Eliminations			Consolidated
	(in millions)
Net sales	$	389.5		$	5,231.9		$	12,668.7		$	(4,133.6	)	$	14,156.5
Cost of sales		467.1			4,786.1			11,843.7			(4,133.6	)		12,963.3
Selling, general and administrative expenses		153.6			48.9			283.1			—			485.6
Amortization of intangible assets		1.3			0.4			26.3			—			28.0
Intercompany charges		4.2			2.4			(6.6	)		—			—
Interest expense		—			24.5			15.2			—			39.7
Other intercompany (income) expense, net		(395.0	)		203.8			191.2			—			—
Other (income) expense, net		3.4			15.0			5.8			—			24.2

Consolidated income (loss) before provision (benefit) for income taxes and equity in net (income) loss of affiliates and subsidiaries		154.9			150.8			310.0			—			615.7
Provision (benefit) for income taxes		17.0			3.9			47.9			—			68.8
Equity in net (income) loss of affiliates		1.1			(3.0	)		(21.6	)		—			(23.5	)
Equity in net (income) loss of subsidiaries		(403.9	)		(148.3	)		—			552.2			—

Consolidated net income (loss)		540.7			298.2			283.7			(552.2	)		570.4
Less: Net income (loss) attributable to noncontrolling interests		—			—			29.7			—			29.7

Net income (loss) attributable to Lear	$	540.7		$	298.2		$	254.0		$	(552.2	)	$	540.7


Successor – Year Ended December 31, 2010
	Lear			Guarantor			Non- guarantor			Eliminations			Consolidated
	(in millions)
Net sales	$	291.0		$	4,373.0		$	10,719.3		$	(3,428.7	)	$	11,954.6
Cost of sales		382.0			3,946.8			10,036.2			(3,428.7	)		10,936.3
Selling, general and administrative expenses		159.6			51.8			241.3			—			452.7
Amortization of intangible assets		1.3			0.4			25.5			—			27.2
Intercompany charges		4.1			3.5			(7.6	)		—			—
Interest expense		10.1			14.8			30.5			—			55.4
Other intercompany (income) expense, net		(286.1	)		150.1			136.0			—			—
Other (income) expense, net		22.1			(8.0	)		20.1			—			34.2

Consolidated income (loss) before provision (benefit) for income taxes and equity in net (income) loss of affiliates and subsidiaries		(2.1	)		213.6			237.3			—			448.8
Provision (benefit) for income taxes		13.3			1.1			10.2			—			24.6
Equity in net (income) loss of affiliates		(3.7	)		(1.3	)		(32.2	)		—			(37.2	)
Equity in net (income) loss of subsidiaries		(450.0	)		(103.7	)		—			553.7			—

Consolidated net income (loss)		438.3			317.5			259.3			(553.7	)		461.4
Less: Net income (loss) attributable to noncontrolling interests		—			—			23.1			—			23.1

Net income (loss) attributable to Lear	$	438.3		$	317.5		$	236.2		$	(553.7	)	$	438.3


Successor – Two Month Period Ended December 31, 2009
	Lear			Guarantor			Non- guarantor			Eliminations			Consolidated
	(in millions)
Net sales	$	32.7		$	523.3		$	1,457.1		$	(432.2	)	$	1,580.9
Cost of sales		49.8			474.0			1,416.5			(432.2	)		1,508.1
Selling, general and administrative expenses		22.8			10.2			38.2			—			71.2
Amortization of intangible assets		0.2			0.1			4.2			—			4.5
Intercompany charges		1.4			1.0			(2.4	)		—			—
Interest expense		2.5			3.5			5.1			—			11.1
Other intercompany (income) expense, net		(7.2	)		29.4			(22.2	)		—			—
Other (income) expense, net		18.6			1.6			(0.4	)		—			19.8

Consolidated income (loss) before provision (benefit) for income taxes and equity in net (income) loss of affiliates and subsidiaries		(55.4	)		3.5			18.1			—			(33.8	)
Provision (benefit) for income taxes		(0.6	)		(1.2	)		(22.4	)		—			(24.2	)
Equity in net (income) loss of affiliates		(0.3	)		0.6			(2.2	)		—			(1.9	)
Equity in net (income) loss of subsidiaries		(50.7	)		14.8			—			35.9			—

Consolidated net income (loss)		(3.8	)		(10.7	)		42.7			(35.9	)		(7.7	)
Less: Net income (loss) attributable to noncontrolling interests		—			—			(3.9	)		—			(3.9	)

Net income (loss) attributable to Lear	$	(3.8	)	$	(10.7	)	$	46.6		$	(35.9	)	$	(3.8	)


Predecessor – Ten Month Period Ended November 7, 2009
	Lear			Guarantor			Non- guarantor			Eliminations			Consolidated
	(in millions)
Net sales	$	191.9		$	2,485.1		$	7,569.2		$	(2,087.5	)	$	8,158.7
Cost of sales		236.1			2,342.2			7,380.5			(2,087.5	)		7,871.3
Selling, general and administrative expenses		118.9			34.6			223.2			—			376.7
Amortization of intangible assets		0.2			0.2			3.7			—			4.1
Intercompany charges		4.5			1.7			(6.2	)		—			—
Goodwill impairment charges		—			—			319.0			—			319.0
Interest expense		102.7			12.6			36.1			—			151.4
Other intercompany (income) expense, net		(68.0	)		122.9			(54.9	)		—			—
Other (income) expense, net		(65.7	)		0.4			48.7			—			(16.6	)
Reorganization items and fresh-start accounting adjustments, net		(70.0	)		274.2			(474.9	)		—			(270.7	)

Consolidated income (loss) before provision (benefit) for income taxes and equity in net (income) loss of affiliates and subsidiaries		(66.8	)		(303.7	)		94.0			—			(276.5	)
Provision (benefit) for income taxes		(24.2	)		(3.3	)		56.7			—			29.2
Equity in net (income) loss of affiliates		54.5			1.2			8.3			—			64.0
Equity in net (income) loss of subsidiaries		288.8			20.3			—			(309.1	)		—

Consolidated net income (loss)		(385.9	)		(321.9	)		29.0			309.1			(369.7	)
Less: Net income (loss) attributable to noncontrolling interests		—			—			16.2			—			16.2

Net income (loss) attributable to Lear	$	(385.9	)	$	(321.9	)	$	12.8		$	309.1		$	(385.9	)


Successor – Year Ended December 31, 2011
	Lear			Guarantor			Non- guarantor			Eliminations		Consolidated
	(in millions)
Net Cash Provided by (Used in) Operating Activities	$	230.4		$	164.9		$	395.0		$	—	$	790.3

Cash Flows from Investing Activities:
Additions to property, plant and equipment		(10.5	)		(57.8	)		(261.2	)		—		(329.5	)
Cost of acquisitions, net of cash acquired		—			—			(8.6	)		—		(8.6	)
Net proceeds from disposition of businesses and other assets		—			—			9.9			—		9.9
Other, net		23.2			1.9			(0.1	)		—		25.0

Net cash used in investing activities		12.7			(55.9	)		(260.0	)		—		(303.2	)

Cash Flows from Financing Activities:
Payment of debt issuance and other financing costs		(4.8	)		—			—			—		(4.8	)
Other long-term debt repayments, net		—			—			(1.1	)		—		(1.1	)
Short-term borrowings (repayments), net		—			—			(4.0	)		—		(4.0	)
Repurchase of common stock		(279.1	)		—			—			—		(279.1	)
Dividends paid to Lear Corporation stockholders		(51.1	)		—			—			—		(51.1	)
Dividends paid to noncontrolling interests		—			—			(18.5	)		—		(18.5	)
Change in intercompany accounts		117.0			(108.0	)		(9.0	)		—		—
Other, net		(13.6	)		—			(0.1	)		—		(13.7	)

Net cash provided by (used in) financing activities		(231.6	)		(108.0	)		(32.7	)		—		(372.3	)

Effect of foreign currency translation		—			—			(14.6	)		—		(14.6	)

Net Change in Cash and Cash Equivalents		11.5			1.0			87.7			—		100.2
Cash and Cash Equivalents at Beginning of Period		808.8			0.4			844.9			—		1,654.1

Cash and Cash Equivalents at End of Period	$	820.3		$	1.4		$	932.6		$	—	$	1,754.3


Successor – Year Ended December 31, 2010
	Lear			Guarantor			Non- guarantor			Eliminations		Consolidated
	(in millions)
Net Cash Provided by (Used in) Operating Activities	$	(7.1	)	$	311.6		$	317.4		$	—	$	621.9

Cash Flows from Investing Activities:
Additions to property, plant and equipment		(15.5	)		(42.3	)		(135.5	)		—		(193.3	)
Cost of acquisitions, net of cash acquired		—			—			(12.3	)		—		(12.3	)
Net proceeds from disposition of businesses and other assets		1.3			2.1			15.2			—		18.6
Other, net		(5.1	)		—			—			—		(5.1	)

Net cash used in investing activities		(19.3	)		(40.2	)		(132.6	)		—		(192.1	)

Cash Flows from Financing Activities:
Proceeds from the issuance of successor senior notes		694.5			—			—			—		694.5
First lien credit agreement borrowings (repayments)		(375.0	)		—			—			—		(375.0	)
Second lien credit agreement repayments		(550.0	)		—			—			—		(550.0	)
Payment of debt issuance and other financing costs		(17.6	)		—			—			—		(17.6	)
Other long-term debt repayments, net		—			—			(9.3	)		—		(9.3	)
Short-term borrowings (repayments), net		—			—			(34.0	)		—		(34.0	)
Dividends paid to noncontrolling interests		—			—			(16.2	)		—		(16.2	)
Change in intercompany accounts		511.5			(271.1	)		(240.4	)		—		—
Other, net		(13.1	)		—			—			—		(13.1	)

Net cash provided by (used in) financing activities		250.3			(271.1	)		(299.9	)		—		(320.7	)

Effect of foreign currency translation		—			—			(9.0	)		—		(9.0	)

Net Change in Cash and Cash Equivalents		223.9			0.3			(124.1	)		—		100.1
Cash and Cash Equivalents at Beginning of Period		584.9			0.1			969.0			—		1,554.0

Cash and Cash Equivalents at End of Period	$	808.8		$	0.4		$	844.9		$	—	$	1,654.1


Successor – Two Month Period Ended December 31, 2009
	Lear			Guarantor			Non- guarantor			Eliminations		Consolidated
	(in millions)
Net Cash Provided by (Used in) Operating Activities	$	(35.1	)	$	134.0		$	225.1		$	—	$	324.0

Cash Flows from Investing Activities:
Additions to property, plant and equipment		(7.6	)		(7.9	)		(25.8	)		—		(41.3	)
Net proceeds from disposition of businesses and other assets		2.4			0.1			1.5			—		4.0
Other, net		(2.2	)		—			—			—		(2.2	)

Net cash used in investing activities		(7.4	)		(7.8	)		(24.3	)		—		(39.5	)

Cash Flows from Financing Activities:
Other long-term debt repayments, net		—			—			(1.9	)		—		(1.9	)
Short-term borrowings (repayments), net		—			—			6.6			—		6.6
Dividends paid to noncontrolling interests		—			—			(7.0	)		—		(7.0	)
Change in intercompany accounts		303.2			(126.1	)		(177.1	)				—
Other, net		33.1			(0.1	)		(0.5	)		—		32.5

Net cash provided by (used in) financing activities		336.3			(126.2	)		(179.9	)		—		30.2

Effect of foreign currency translation		—			—			(15.1	)		—		(15.1	)

Net Change in Cash and Cash Equivalents		293.8			—			5.8			—		299.6
Cash and Cash Equivalents at Beginning of Period		291.1			0.1			963.2			—		1,254.4

Cash and Cash Equivalents at End of Period	$	584.9		$	0.1		$	969.0		$	—	$	1,554.0


Predecessor – Ten Month Period Ended November 7, 2009
	Lear			Guarantor			Non- guarantor			Eliminations		Consolidated
	(in millions)
Net Cash Provided by (Used in) Operating Activities	$	(14.8	)	$	(338.3	)	$	(146.1	)	$	—	$	(499.2	)

Cash Flows from Investing Activities:
Additions to property, plant and equipment		(7.2	)		(10.9	)		(59.4	)		—		(77.5	)
Cost of acquisitions, net of cash acquired		—			—			(4.4	)		—		(4.4	)
Net proceeds from disposition of businesses and other assets		1.5			7.7			20.5			—		29.7
Other, net		0.5			(1.0	)		—			—		(0.5	)

Net cash used in investing activities		(5.2	)		(4.2	)		(43.3	)		—		(52.7	)

Cash Flows from Financing Activities:
Debtor-in-possession term loan borrowings		500.0			—			—			—		500.0
Debtor-in-possession term loan repayments		(500.0	)		—			—			—		(500.0	)
First lien credit agreement borrowings (repayments)		375.0			—			—			—		375.0
Second lien credit agreement repayments		(50.0	)		—			—			—		(50.0	)
Payment of debt issuance and other financing costs		(70.6	)		—			—			—		(70.6	)
Other long-term debt repayments, net		—			—			(0.5	)		—		(0.5	)
Short-term borrowings (repayments), net		—			—			(11.4	)		—		(11.4	)
Prepayment of Series A preferred stock in connection with emergence from Chapter 11		(50.0	)		—			—			—		(50.0	)
Dividends paid to noncontrolling interests		—			—			(16.8	)		—		(16.8	)
Change in intercompany accounts		(1,192.5	)		342.4			850.1			—		—
Other, net		(11.4	)		(0.4	)		1.1			—		(10.7	)

Net cash provided by (used in) financing activities		(999.5	)		342.0			822.5			—		165.0

Effect of foreign currency translation		—			—			49.2			—		49.2

Net Change in Cash and Cash Equivalents		(1,019.5	)		(0.5	)		682.3			—		(337.7	)
Cash and Cash Equivalents at Beginning of Period		1,310.6			0.6			280.9			—		1,592.1

Cash and Cash Equivalents at End of Period	$	291.1		$	0.1		$	963.2		$	—	$	1,254.4

Basis of Presentation — Certain of Lear’s domestic 100% owned subsidiaries (the “Guarantors”) have jointly and severally unconditionally guaranteed, on a senior unsecured basis, the performance and the full and punctual payment when due, whether at stated maturity, by acceleration or otherwise, of the Company’s obligations under its revolving credit facility and the indenture governing the Notes, including the Company’s obligations to pay principal, premium, if any, and interest with respect to the Notes. The Notes consist of $350 million in aggregate principal amount at maturity of 7.875% senior unsecured notes due 2018 and $350 million in aggregate principal amount at maturity of 8.125% senior unsecured notes due 2020. The Guarantors include Lear Corporation EEDS and Interiors, Lear European Operations Corporation, Lear Mexican Seating Corporation and Lear Operations Corporation. In connection with the Company’s Amended and Restated Credit Agreement, Lear #50 Holdings, LLC, Lear Automotive Manufacturing, LLC, Lear Corporation Global Development, Inc., Lear Mexican Holdings, L.L.C. and Lear South American Holdings Corporation were released as guarantors. In addition, Lear Automotive Dearborn, Inc., Lear Mexican Holdings Corporation and Lear Trim L.P., all formerly Guarantors, were merged into other Guarantor entities in 2011. In lieu of providing separate financial statements for the Guarantors, the Company has included the supplemental guarantor condensed consolidating financial statements above. These financial statements reflect the Guarantors listed above for all periods presented. Management does not believe that separate financial statements of the Guarantors are material to investors. Therefore, separate financial statements and other disclosures concerning the Guarantors are not presented.

As of December 31, 2010, and for the year ended December 31, 2010, the 2009 Successor Period and the 2009 Predecessor Period, the supplemental guarantor condensed consolidating financial statements have been restated to reflect certain changes to the equity investments of the Guarantors.

Distributions — There are no significant restrictions on the ability of the Guarantors to make distributions to the Company.

Selling, General and Administrative Expenses — Corporate and division selling, general and administrative expenses are allocated to the operating subsidiaries based on various factors, which estimate usage of particular corporate and division functions, and in certain instances, other relevant factors, such as the revenues or the number of employees of the Company’s subsidiaries. During the years ended December 31, 2011 and 2010, the 2009 Successor Period and the 2009 Predecessor Period, $28.7 million, $15.3 million, $3.2 million and ($9.6) million, respectively, of selling, general administrative expenses were allocated (to) from Lear.

Long-Term Debt of Lear and the Guarantors — A summary of long-term debt of Lear and the Guarantors on a combined basis is shown below (in millions):


	December 31, 2011		December 31, 2010
Senior notes	$	695.4	$	694.9

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2011

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

LEAR CORPORATION AND SUBSIDIARIES

SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS

(In millions)


	Balance as of Beginning of Period		Additions		Retirements			Other Changes			Balance as of End of Period
Successor – For the year ended December 31, 2011
Valuation of accounts deducted from related assets:
Allowance for doubtful accounts	$	14.5	$	19.0	$	(1.8	)	$	(1.0	)	$	30.7
Reserve for unmerchantable inventory		83.5		22.0		(16.8	)		(2.6	)		86.1
Restructuring reserves		42.1		51.1		(30.7	)		—			62.5
Allowance for deferred tax assets		1,407.3		71.1		(68.2	)		(12.9	)		1,397.3

	$	1,547.4	$	163.2	$	(117.5	)	$	(16.5	)	$	1,576.6


	Balance as of Beginning of Period		Additions		Retirements			Other Changes			Balance as of End of Period
Successor – For the year ended December 31, 2010
Valuation of accounts deducted from related assets:
Allowance for doubtful accounts	$	—	$	19.0	$	(4.2	)	$	(0.3	)	$	14.5
Reserve for unmerchantable inventory		—		105.5		(19.6	)		(2.4	)		83.5
Restructuring reserves		83.1		60.9		(101.9	)		—			42.1
Allowance for deferred tax assets		1,166.4		318.0		(61.6	)		(15.5	)		1,407.3

	$	1,249.5	$	503.4	$	(187.3	)	$	(18.2	)	$	1,547.4


	Balance as of Beginning of Period		Additions		Retirements			Other Changes			Balance as of End of Period
Successor – For the two month period ended December 31, 2009
Valuation of accounts deducted from related assets:
Allowance for doubtful accounts	$	—	$	—	$	—		$	—		$	—
Reserve for unmerchantable inventory		—		—		—			—			—
Restructuring reserves		52.5		43.5		(12.9	)		—			83.1
Allowance for deferred tax assets		1,111.6		117.1		(62.3	)		—			1,166.4

	$	1,164.1	$	160.6	$	(75.2	)	$	—		$	1,249.5


	Balance as of Beginning of Period		Additions		Retirements			Other Changes			Balance as of End of Period
Predecessor – For the ten month period ended November 7, 2009
Valuation of accounts deducted from related assets:
Allowance for doubtful accounts ⁽¹⁾	$	16.0	$	7.3	$	(4.7	)	$	(18.6	)	$	—
Reserve for unmerchantable inventory ⁽²⁾		93.7		19.9		(13.9	)		(99.7	)		—
Restructuring reserves		80.6		91.0		(119.1	)		—			52.5
Allowance for deferred tax assets		928.3		187.4		(19.2	)		15.1			1,111.6

	$	1,118.6	$	305.6	$	(156.9	)	$	(103.2	)	$	1,164.1

(1)	“Other Changes” includes fresh-start accounting adjustments of $18.5 million.

(2)	“Other Changes” includes fresh-start accounting adjustments of $97.7 million.

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2011

Consolidation

Consolidation

Fiscal Period Reporting

Fiscal Period Reporting

The Company’s annual financial results are reported on a calendar year basis, and quarterly interim results are reported using a thirteen week reporting calendar.

Cash and Cash Equivalents

Cash and Cash Equivalents

Cash and cash equivalents include all highly liquid investments with original maturities of ninety days or less.

Accounts Receivable

Accounts Receivable

Pre-Production Costs Related to Long-Term Supply Arrangements

Inventories

Pre-Production Costs Related to Long-Term Supply Arrangements

Property, Plant and Equipment

Property, Plant and Equipment


Buildings and improvements		10 to 40 years
Machinery and equipment		5 to 10 years

Impairment of Goodwill

Impairment of Goodwill

Intangible Assets

Intangible Assets

Impairment of Long-Lived Assets

Impairment of Long-Lived Assets

Impairment of Investments in Affiliates

Impairment of Investments in Affiliates

Revenue Recognition and Sales Commitments

Revenue Recognition and Sales Commitments

Selling, General and Administrative Expenses

Selling, General and Administrative Expenses

Selling, general and administrative expenses include selling, engineering and development and administrative costs not directly associated with the manufacture and distribution of the Company’s products.

Cost of Sales

Cost of Sales

Restructuring Costs

Restructuring Costs

Engineering and Development

Engineering and Development

Income Taxes

Income Taxes

Foreign Currency Translation

Foreign Currency Translation

Stock-Based Compensation

Stock-Based Compensation

The Company measures stock-based employee compensation expense at fair value in accordance with GAAP and recognizes such expense over the vesting period of the stock-based employee awards.

For further information related to the Company’s stock-based compensation programs, see Note 12, “Stock-Based Compensation.”

Net Income (Loss) Per Share Attributable to Lear

Net Income (Loss) Per Share Attributable to Lear

Product Warranty

Product Warranty

Segment Reporting

Segment Reporting

The accounting policies of the Company’s operating segments are the same as those described in this note to the consolidated financial statements.

Derivative Instruments and Hedging Activities

Derivative Instruments and Hedging Activities

Use of Estimates

Use of Estimates

Reclassifications

Reclassifications

Certain amounts in prior periods’ financial statements have been reclassified to conform to the presentation used in the year ended December 31, 2011.

Fair Value of Financial Instruments, Policy


Market:		This approach uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities.
Income:		This approach uses valuation techniques to convert future amounts to a single present value amount based on current market expectations.
Cost:		This approach is based on the amount that would be required to replace the service capacity of an asset (replacement cost).

Further, GAAP prioritizes the inputs and assumptions used in the valuation techniques described above into a three-tier fair value hierarchy as follows:


Level 1:		Observable inputs, such as quoted market prices in active markets for identical assets or liabilities that are accessible at the measurement date.
Level 2:		Inputs, other than quoted market prices included in Level 1, that are observable either directly or indirectly for the asset or liability.
Level 3:		Unobservable inputs that reflect the entity’s own assumptions about the exit price of the asset or liability. Unobservable inputs may be used if there is little or no market data for the asset or liability at the measurement date.

Commodity Contract

Derivative Instruments and Hedging Activities

The Company uses derivative instruments to reduce its exposure to fluctuations in certain commodity prices. These derivative instruments are utilized to hedge forecasted inventory purchases and to the extent that they qualify and meet hedge accounting criteria, they are accounted for as cash flow hedges. Commodity swap contracts that are not designated as cash flow hedges are marked to market with changes in fair value recognized immediately in the consolidated statements of operations (Note 4, “Summary of Significant Accounting Policies”).

Basis of Presentation (Tables)

12 Months Ended

Dec. 31, 2011

Cancellation of Predecessor Common Stock Reclassfication

As a result, certain items in the 2009 Predecessor consolidated statements of operations and equity were revised by $1,204.1 million as shown below (in millions):


	As Previously Reported			As Revised
Consolidated statement of operations:
Reorganization items and fresh-start accounting adjustments, net	$	(1,474.8	)	$	(270.7	)
Consolidated income (loss) before provision (benefit) for income taxes and equity in net (income) loss of affiliates		927.6			(276.5	)
Consolidated net income (loss)		834.4			(369.7	)
Net income (loss) attributable to Lear		818.2			(385.9	)
Consolidated statement of equity:
Net income (loss)		818.2			(385.9	)
Comprehensive income (loss)		936.7			(267.4	)
Reorganization items and fresh-start accounting adjustments, net		(1,143.3	)		60.8

Fresh-Start Accounting (Tables)

12 Months Ended

Dec. 31, 2011

Summary of Adjustments Recorded to the Predecessor Balance Sheet Resulting from the Consummation of the Plan and the Adoption of Fresh-start Accounting


	Predecessor November 7, 2009			Reorganization Adjustments ⁽¹⁾			Fresh-start Adjustments ⁽⁹⁾			Successor November 7, 2009
Assets
Current Assets:
Cash and cash equivalents	$	1,493.9		$	(239.5	)⁽²⁾	$	—		$	1,254.4
Accounts receivable		1,836.6			—			—			1,836.6
Inventories		471.8			—			9.1			480.9
Other		338.7			—			6.7			345.4

Total current assets		4,141.0			(239.5	)		15.8			3,917.3

Long-Term Assets:
Property, plant and equipment, net		1,072.3			—			(4.7	)		1,067.6
Goodwill		1,203.7			—			(582.3	)		621.4	⁽⁸⁾
Other		518.0			(20.2	)⁽³⁾		161.6			659.4

Total long-term assets		2,794.0			(20.2	)		(425.4	)		2,348.4

	$	6,935.0		$	(259.7	)	$	(409.6	)	$	6,265.7

Liabilities and Equity (Deficit)
Current Liabilities:
Short-term borrowings	$	30.4		$	—		$	—		$	30.4
Debtor-in-possession term loan		500.0			(500.0	) ⁽²⁾		—			—
Accounts payable and drafts		1,565.6			—			—			1,565.6
Accrued liabilities		884.7			(1.8	) ⁽²⁾		17.5			900.4
Current portion of long-term debt		4.2			—			—			4.2

Total current liabilities		2,984.9			(501.8	)		17.5			2,500.6

Long-Term Liabilities:
Long-term debt		8.2			925.0	⁽²⁾⁽⁴⁾		—			933.2
Other		679.7			—			(37.7	)		642.0

Total long-term liabilities		687.9			925.0			(37.7	)		1,575.2

Liabilities Subject to Compromise		3,635.6			(3,635.6	)⁽⁴⁾		—			—

Equity (Deficit):
Successor Series A Preferred Stock		—			450.0	⁽²⁾⁽⁴⁾		—			450.0
Successor Common Stock		—			0.7	⁽⁴⁾⁽⁷⁾		—			0.7
Successor additional paid-in capital		—			1,635.5	⁽⁴⁾⁽⁷⁾		—			1,635.5
Predecessor common stock		0.8			(0.8	) ⁽⁵⁾		—			—
Predecessor additional paid-in capital		1,373.3			(1,373.3	) ⁽⁵⁾		—			—
Predecessor common stock held in treasury		(170.0	)		170.0	⁽⁵⁾		—			—
Retained deficit		(1,565.9	)		2,070.6	⁽⁶⁾		(504.7	)		—
Accumulated other comprehensive loss		(60.8	)		—			60.8			—

Lear Corporation stockholders’ equity (deficit)		(422.6	)		2,952.7			(443.9	)		2,086.2
Noncontrolling interests		49.2			—			54.5			103.7

Equity (deficit)		(373.4	)		2,952.7			(389.4	)		2,189.9

	$	6,935.0		$	(259.7	)	$	(409.6	)	$	6,265.7

(1)

(2)	This adjustment reflects net cash payments recorded as of the Effective Date, including total borrowings under the first lien credit agreement and the Excess Cash Paydown (see Note 2, “Reorganization under Chapter 11”).


Borrowings under first lien credit agreement	$	375.0
Less: Debt issuance costs		(12.7	)

First lien credit agreement – net proceeds		362.3
Prepayment of second lien credit agreement		(50.0	)
Prepayment of Series A Preferred Stock		(50.0	)
Repayment of debtor-in-possession financing, principal and accrued interest		(501.8	)

Net cash payments	$	(239.5	)

(3)	This adjustment reflects the write-off of $32.9 million of unamortized debt issuance costs related to the repayment of debtor-in-possession financing, offset by the capitalization of debt issuance costs related to the first lien credit agreement (see (2) above).

(4)	This adjustment reflects the settlement of liabilities subject to compromise (see “— Liabilities Subject to Compromise” below).


Settlement of liabilities subject to compromise	$	(3,635.6	)
Issuance of Successor Series A Preferred Stock (a)		500.0
Issuance of Successor Common Stock and Warrants (b)		1,636.2
Issuance of term loans provided under second lien credit agreement (a)		600.0

Gain on settlement of liabilities subject to compromise	$	(899.4	)

(a)

Prior to the Excess Cash Paydown.

(b)

See (7) below for a reconciliation of the reorganization value to the value of Successor Common Stock (including additional paid-in-capital).

(5)	This adjustment reflects the cancellation of the Predecessor common stock.

(6)	This adjustment reflects the cumulative impact of the reorganization adjustments discussed above.


Gain on settlement of liabilities subject to compromise	$	(899.4	)
Cancellation of Predecessor common stock (see (5) above)		(1,204.1	)
Write-off of unamortized debt issuance costs (see (3) above)		32.9

	$	(2,070.6	)

(7)	A reconciliation of the reorganization value to the value of Successor Common Stock as of the Effective Date is shown below:


Reorganization value	$	3,054.0
Less: First lien credit agreement		(375.0	)
Second lien credit agreement (c)		(550.0	)
Other debt		(42.8	)
Series A Preferred Stock (c)		(450.0	)

Reorganization value of Successor Common Stock and Warrants		1,636.2
Less: Fair value of Warrants (d)		305.9

Reorganization value of Successor Common Stock	$	1,330.3

Shares outstanding as of November 7, 2009		68,234,772
Per share value (e)	$	19.50

(c)

After giving effect to the Excess Cash Paydown.

(d)

For further information on the fair value of Warrants, see Note 11, “Capital Stock and Equity.”

(e)

The per share value of $19.50 was used to record the issuance of the Successor Common Stock, after giving effect to the two-for-one stock split described in Note 11, “Capital Stock and Equity.”

(8)	A reconciliation of the reorganization value of the Successor assets and goodwill is shown below:


Reorganization value	$	3,054.0
Plus: Liabilities (excluding debt and after giving effect to fresh-start accounting adjustments)		3,108.0
Fair value of noncontrolling interests		103.7

Reorganization value of Successor assets		6,265.7
Less: Successor assets (excluding goodwill and after giving effect to fresh-start accounting adjustments)		5,644.3

Reorganization value of Successor assets in excess of fair value – Successor goodwill	$	621.4

(9)	Represents the adjustment of assets and liabilities to fair value, or other measurement as specified by ASC 805, in conjunction with the adoption of fresh-start accounting. Significant adjustments are summarized below.


Elimination of Predecessor goodwill	$	1,203.7
Successor goodwill (see (8) above)		(621.4	)
Elimination of Predecessor intangible assets		29.0
Successor intangible asset adjustment (f)		(191.0	)
Defined benefit plans adjustment (g)		(55.0	)
Inventory adjustment (h)		(9.1	)
Property, plant and equipment adjustment (i)		4.7
Investments in non-consolidated affiliates adjustment (j)		(8.7	)
Noncontrolling interests adjustment (j)		54.5
Elimination of Predecessor accumulated other comprehensive loss and other adjustments		120.0

Pretax loss on fresh-start accounting adjustments		526.7
Tax benefit related to fresh-start accounting adjustments (k)		(22.0	)

Net loss on fresh-start accounting adjustments	$	504.7

(f)

(g)

(h)

(i)

(j)

(k)

Summary of Liabilities Subject to Compromise

A summary of liabilities subject to compromise reflected in the Predecessor consolidated balance sheet as of November 7, 2009, is shown below:


Predecessor – November 7, 2009
Short-term borrowings	$	2.1
Accounts payable and drafts		0.3
Accrued liabilities		80.6
Debt subject to compromise
Pre-petition primary credit facility		2,240.6
8.50% Senior Notes, due 2013		298.0
8.75% Senior Notes, due 2016		589.3
5.75% Senior Notes, due 2014		399.5
Zero-coupon Convertible Senior Notes, due 2022		0.8
Accrued interest		61.5
Unamortized debt issuance costs		(37.1	)

Liabilities subject to compromise	$	3,635.6

Summary of Reorganization Items and Fresh-start Accounting Adjustments

A summary of reorganization items and fresh-start accounting adjustments, net for the 2009 Predecessor Period is shown below (in millions):


Predecessor – Ten Month Period Ended November 7, 2009
Pretax reorganization items:
Professional fees	$	26.9
Interest income		(0.2	)
Incentive compensation expense		40.1
Unamortized debt issuance costs related to the repayment of debtor in possession financing		32.9
Gain on settlement of liabilities subject to compromise		(899.4	)
Other		2.3

		(797.4	)

Pretax fresh-start accounting adjustments (see (9) above)		526.7

Reorganization items and fresh-start accounting adjustments, net	$	(270.7	)

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2011

Summary of Inventories

A summary of inventories is shown below (in millions):


	Successor
December 31,	2011		2010
Raw materials	$	520.1	$	448.6
Work-in-process		36.0		32.9
Finished goods		81.7		72.7

Inventories	$	637.8	$	554.2

Classification of Recoverable Customer Engineering, Development and Tooling Costs Related to Long-term Supply Agreements

The classification of recoverable customer engineering, development and tooling costs related to long-term supply agreements is shown below (in millions):


	Successor
December 31,	2011		2010
Current	$	96.0	$	77.9
Long-term		64.2		75.3

Recoverable customer engineering, development and tooling	$	160.2	$	153.2

Estimated Useful Lives of Depreciable Property

Depreciable property is depreciated over the estimated useful lives of the assets, using principally the straight-line method as follows:


Buildings and improvements		10 to 40 years
Machinery and equipment		5 to 10 year

Summary of Property, Plant and Equipment

A summary of property, plant and equipment is shown below (in millions):


	Successor
December 31,	2011			2010
Land	$	106.1		$	106.0
Buildings and improvements		406.1			360.6
Machinery and equipment		988.6			761.8
Construction in progress		3.3			5.7

Total property, plant and equipment		1,504.1			1,234.1
Less – accumulated depreciation		(432.1	)		(239.4	)

Net property, plant and equipment	$	1,072.0		$	994.7

Summary of the Changes in the Carrying Amount of Goodwill

A summary of the changes in the carrying amount of goodwill, by reportable operating segment, for each of the periods in the two years ended December 31, 2011, is shown below (in millions):


	Seating			EPMS		Total
Balance as of December 31, 2009 – Successor	$	621.4		$	—	$	621.4
Foreign currency translation and other		(6.8	)		—		(6.8	)

Balance as of December 31, 2010 – Successor		614.6			—		614.6
Acquisition		15.0			—		15.0
Foreign currency translation and other		(1.0	)		—		(1.0	)

Balance as of December 31, 2011 – Successor	$	628.6		$	—	$	628.6

Summary of Intangible Assets

A summary of intangible assets as of December 31, 2011 and 2010, is shown below (in millions):


	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Weighted Average Useful Life (years)
Technology	$	20.1	$	(5.6	)	$	14.5		7.7
Customer-based		182.6		(54.8	)		127.8		7.0

Balance as of December 31, 2011 – Successor	$	202.7	$	(60.4	)	$	142.3		7.1


	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Weighted Average Useful Life (years)
Technology	$	20.0	$	(3.0	)	$	17.0		7.7
Customer-based		178.1		(29.7	)		148.4		7.0

Balance as of December 31, 2010 – Successor	$	198.1	$	(32.7	)	$	165.4		7.1

Estimated Annual Amortization Expense

Excluding the impact of any future acquisitions, the Company’s estimated annual amortization expense for the five succeeding years is shown below (in millions):


Year	Expense
2012	$	29.0
2013		29.0
2014		29.0
2015		29.0
2016		24.6

Summary of Other (Income) Expense, Net

A summary of other (income) expense, net is shown below (in millions):


	Successor									Predecessor
	Year Ended						Two Month Period Ended December 31, 2009			Ten Month Period Ended November 7, 2009
	December 31, 2011			December 31, 2010			Two Month Period Ended December 31, 2009			Ten Month Period Ended November 7, 2009
Other expense	$	27.8		$	37.2		$	20.2		$	30.2
Other income		(3.6	)		(3.0	)		(0.4	)		(46.8	)

Other (income) expense, net	$	24.2		$	34.2		$	19.8		$	(16.6	)

Summary of Information Used to Compute Basic Net Income (Loss) Per Share Attributable to Lear

A summary of information used to compute basic net income (loss) per share attributable to Lear is shown below (in millions, except share data):


	Successor								Predecessor
	Year Ended					Two Month Period Ended December 31, 2009			Ten Month Period Ended November 7, 2009
	Year Ended
	December 31, 2011		December 31, 2010
Net income (loss) attributable to Lear	$	540.7	$	438.3		$	(3.8	)	$	(385.9	)
Less: Undistributed earnings allocated to participating securities		—		(30.5	)		—			—

Net income (loss) available to Lear common shareholders	$	540.7	$	407.8		$	(3.8	)	$	(385.9	)

Average common shares outstanding ⁽¹⁾		103,750,223		94,814,044			69,050,374			77,499,860

Basic net income (loss) per share attributable to Lear ⁽¹⁾	$	5.21	$	4.30		$	(0.06	)	$	(4.98	)

(1)	Share and per share data for the year ended December 31, 2010, and the 2009 Successor Period has been retroactively adjusted to reflect the two-for-one stock split described in Note 11, “Capital Stock and Equity.”

Summary of Information Used to Compute Diluted Net Income (Loss) Per Share Attributable to Lear

A summary of information used to compute diluted net income (loss) per share attributable to Lear is shown below (in millions, except share data):


	Successor							Predecessor
	Year Ended				Two Month Period Ended December 31, 2009			Ten Month Period Ended November 7, 2009
	December 31, 2011		December 31, 2010		Two Month Period Ended December 31, 2009			Ten Month Period Ended November 7, 2009
Net income (loss) attributable to Lear	$	540.7	$	438.3	$	(3.8	)	$	(385.9	)

Average common shares outstanding ⁽¹⁾		103,750,223		94,814,044		69,050,374			77,499,860
Dilutive effect of common stock equivalents ⁽¹⁾		2,594,144		13,308,106		—			—

Average diluted shares outstanding ⁽¹⁾		106,344,367		108,122,150		69,050,374			77,499,860

Diluted net income (loss) per share attributable to Lear ⁽¹⁾	$	5.08	$	4.05	$	(0.06	)	$	(4.98	)

(1)	Share and per share data for the year ended December 31, 2010, and the 2009 Successor Period has been retroactively adjusted to reflect the two-for-one stock split described in Note 11, “Capital Stock and Equity.”

Summary of Antidilutive Common Stock Equivalents

A summary of these common stock equivalents, including the related option exercise prices, is shown below:


	Successor		Predecessor
	Two Month Period Ended December 31, 2009		Ten Month Period Ended November 7, 2009


Shares of preferred stock ⁽¹⁾		9,881,303		—
Warrants ⁽¹⁾		6,377,068		—
Restricted stock units		2,603,226		507,139
Performance units		—		84,709
Stock appreciation rights		—		1,875,807
Options		—		952,350
Exercise prices		N/A	$	22.12 -$55.33

(1)

Restructuring (Tables)

12 Months Ended

Dec. 31, 2011

Summary of Restructuring Activity

A summary of 2011 activity, excluding pension benefit plan settlement charges of $17.1 million, is shown below (in millions):


	Successor Accrual as of January 1, 2011		2011 Charges								Successor Accrual as of December 31, 2011
					Utilization
					Cash			Non-cash
Employee termination benefits	$	38.4	$	44.5	$	(26.1	)	$	—		$	56.8
Asset impairments		—		1.0		—			(1.0	)		—
Contract termination costs		3.7		2.5		(0.5	)		—			5.7
Other related costs		—		3.1		(3.1	)		—			—

Total	$	42.1	$	51.1	$	(29.7	)	$	(1.0	)	$	62.5

A summary of 2010 activity, excluding pension benefit plan curtailment charges of $3.0 million, is shown below (in millions):


	Successor										Successor
	Accrual as of		2010		Utilization						Accrual as of
	January 1, 2010		Charges		Cash			Non-cash			December 31, 2010
Employee termination benefits	$	79.8	$	51.0	$	(92.4	)	$	—		$	38.4
Asset impairments		—		3.6		—			(3.6	)		—
Contract termination costs		3.3		0.4		—			—			3.7
Other related costs		—		5.9		(5.9	)		—			—

Total	$	83.1	$	60.9	$	(98.3	)	$	(3.6	)	$	42.1

A summary of activity for the 2009 Successor Period is shown below (in millions):


	Successor										Successor
	Accrual as of		2009			Utilization					Accrual as of
	November 8, 2009		Charges			Cash			Non-cash		December 31, 2009
Employee termination benefits	$	48.2	$	44.5		$	(12.9	)	$	—	$	79.8
Contract termination costs		3.3		—			—			—		3.3
Other related costs		1.0		(1.0	)		—			—		—

Total	$	52.5	$	43.5		$	(12.9	)	$	—	$	83.1

Summary of Restructuring Activity

A summary of activity for the 2009 Predecessor Period, excluding net pension and other postretirement benefit plan charges of $9.4 million, is shown below (in millions):


	Predecessor											Predecessor
	Accrual as of		2009			Utilization						Accrual as of
	January 1, 2009		Charges			Cash			Non-cash			November 7, 2009
Employee termination benefits	$	73.1	$	77.9		$	(102.8	)	$	—		$	48.2
Asset impairments		—		5.6			—			(5.6	)		—
Contract termination costs		7.5		(2.8	)		(1.4	)		—			3.3
Other related costs		—		10.3			(14.7	)		5.4			1.0

Total	$	80.6	$	91.0		$	(118.9	)	$	(0.2	)	$	52.5

Investments in Affiliates and Other Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2011

Beneficial Ownership in Affiliates Accounted for Under the Equity Method

The Company’s beneficial ownership in affiliates accounted for under the equity method is shown below:


	Successor
December 31,	2011			2010			2009
Shanghai Lear STEC Automotive Parts Co., Ltd. (China)		55	%		55	%		55	%
Industrias Cousin Freres, S.L. (Spain)		50			50			50
Lear Dongfeng Automotive Seating Co., Ltd. (China)		50			50			50
Dong Kwang Lear Yuhan Hoesa (Korea)		50			50			50
Jiangxi Jiangling Lear Interior Systems Co., Ltd. (China)		50			50			50
Beijing BAI Lear Automotive Systems Co., Ltd. (China)		50			50			50
Beijing Lear Automotive Electronics and Electrical Products Co., Ltd. (China)		50			50			50
Changchun Lear FAW Sihuan Automotive Electrical and Electronics Co., Ltd. (China)		49			49			—
Changchun Lear FAW Sihuan Automotive Seat Systems Co., Ltd. (China)		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
Tacle Seating USA, LLC		49			49			49
Beijing Lear Dymos Automotive Systems Co., Ltd. (China)		40			40			40
Dymos Lear Automotive India Private Limited (India)		35			35			35
International Automotive Components Group North America, LLC		23			23			19
International Automotive Components Group, LLC (Europe)		—			—			30
TS Lear Automotive Sdn Bhd. (Malaysia)		—			46			46
Furukawa Lear Corporation		—			—			20
UPM S.r.L. (Italy)		—			—			39

Summarized Group Financial Information for Affiliates Accounted for Under the Equity Method


December 31,	2011		2010
Balance sheet data:
Current assets	$	1,561.6	$	1,284.0
Non-current assets		1,004.9		854.7
Current liabilities		1,303.9		1,087.7
Non-current liabilities		649.9		258.7


For the year ended December 31,	2011		2010		2009
Income statement data:
Net sales	$	5,754.5	$	4,933.7	$	3,199.9
Gross profit		466.6		400.3		171.8
Income (loss) before provision for income taxes		91.5		171.9		(76.4	)
Net income (loss) attributable to affiliates		56.7		146.2		(76.5	)

Summary of Transaction with Affiliates and other Related Parties

A summary of transactions with affiliates and other related parties is shown below (in millions):


For the year ended December 31,	2011		2010		2009
Sales to affiliates	$	96.2	$	81.0	$	76.3
Purchases from affiliates		160.4		150.7		121.5
Purchases from other related parties ⁽¹⁾		2.5		2.2		2.3
Management and other fees for services provided to affiliates		13.8		11.1		7.1
Dividends received from affiliates		43.6		7.4		5.3

(1)

Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2011

Summary of Long-Term Debt and the Related Weighted Average Interest Rates

A summary of long-term debt and the related weighted average interest rates is shown below (in millions):


December 31,	2011					2010
Debt Instrument	Long-Term Debt		Weighted Average Interest Rate			Long-Term Debt		Weighted Average Interest Rate
7.875% Senior Notes due 2018	$	347.9		8.00	%	$	347.7		8.00	%
8.125% Senior Notes due 2020		347.5		8.25	%		347.2		8.25	%

Long-term debt	$	695.4				$	694.9

Redemption Prices


Twelve-Month Period Commencing March 15,	2018 Notes			2020 Notes
2014		103.938	%		N/A
2015		101.969	%		104.063	%
2016		100.0	%		102.708	%
2017		100.0	%		101.354	%
2018 and thereafter		100.0	%		100.0	%

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 22
-Article 5

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6584090&loc=d3e28878-108400

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Summary of Consolidated Income (Loss) Before Provision (Benefit) for Income Taxes and Equity in Net (Income) Loss of Affiliates and the Components of Provision (Benefit) for Income Taxes

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2011


	Successor									Predecessor
	Year Ended						Two Month Period Ended December 31, 2009			Ten Month Period Ended November 7, 2009
	December 31, 2011			December 31, 2010
	December 31, 2011			December 31, 2010
Consolidated income (loss) before provision (benefit) for income taxes and equity in net (income) loss of affiliates:
Domestic	$	257.4		$	195.8		$	(98.0	)	$	(117.1	)
Foreign		358.3			253.0			64.2			(159.4	)

	$	615.7		$	448.8		$	(33.8	)	$	(276.5	)

Domestic provision (benefit) for income taxes:
Current provision (benefit)	$	21.8		$	13.6		$	(0.1	)	$	(38.8	)
Deferred provision		0.4			4.5			0.7			0.9

Total domestic provision (benefit)		22.2			18.1			0.6			(37.9	)

Foreign provision (benefit) for income taxes:
Current provision (benefit)		102.8			21.9			(21.7	)		35.8
Deferred provision (benefit)		(56.2	)		(15.4	)		(3.1	)		31.3

Total foreign provision (benefit)		46.6			6.5			(24.8	)		67.1

Provision (benefit) for income taxes	$	68.8		$	24.6		$	(24.2	)	$	29.2

Summary of Difference Between Provision (Benefit) for Income Taxes Calculated at the United States Federal Statutory Income Tax Rate and the Consolidated Provision (Benefit) for Income Taxes


	Successor									Predecessor
	Year Ended						Two Month Period Ended December 31, 2009			Ten Month Period Ended November 7, 2009
	Year Ended
	December 31, 2011			December 31, 2010
Consolidated income (loss) before provision (benefit) for income taxes and equity in net (income) loss of affiliates multiplied by the United States federal statutory income tax rate	$	215.5		$	157.1		$	(11.8	)	$	(96.8	)
Differences in income taxes on foreign earnings, losses and remittances		(37.4	)		(35.4	)		(5.2	)		23.2
Valuation allowance adjustments		(60.8	)		(56.2	)		54.8			219.5
Tax credits		(30.7	)		(19.1	)		—			(9.0	)
Tax audits and assessments		17.6			(30.8	)		(27.6	)		(1.2	)
Increase in tax loss carryforwards ⁽¹⁾		(22.4	)		(268.1	)		—			—
Increase in valuation allowance related to tax loss carryforwards ⁽¹⁾		22.4			268.1			—			—
Goodwill impairment charges		—			—			—			111.6
Reorganization items and fresh-start accounting adjustments, net		—			—			—			(219.8	)
Other		(35.4	)		9.0			(34.4	)		1.7

Provision (benefit) for income taxes	$	68.8		$	24.6		$	(24.2	)	$	29.2

(1)

Summary of Components of Net Deferred Income Tax Asset

A summary of the components of the net deferred income tax asset is shown below (in millions):


	Successor
December 31,	2011			2010
Deferred income tax assets:
Tax loss carryforwards	$	806.9		$	892.2
Tax credit carryforwards		334.8			252.6
Retirement benefit plans		145.8			88.2
Accrued liabilities		106.4			104.8
Self-insurance reserves		10.4			11.5
Current asset basis differences		32.6			24.5
Long-term asset basis differences		50.4			41.6
Deferred compensation		28.1			18.3
Recoverable customer engineering, development and tooling		(5.7	)		0.6
Undistributed earnings of foreign subsidiaries		(14.8	)		0.9
Derivative instruments and hedging		1.8			—
Other		0.4			1.0

		1,497.1			1,436.2
Valuation allowance		(1,397.3	)		(1,407.3	)

Net deferred income tax asset	$	99.8		$	28.9

Classification of the Net Deferred Income Tax Asset

The classification of the net deferred income tax asset is shown below (in millions):


	Successor
December 31,	2011			2010
Deferred income tax assets:
Current	$	57.8		$	57.6
Long-term		114.6			52.1
Deferred income tax liabilities:
Current		(14.3	)		(22.5	)
Long-term		(58.3	)		(58.3	)

Net deferred income tax asset	$	99.8		$	28.9

Summary of the Changes in Gross Unrecognized Tax Benefits

A summary of the changes in gross unrecognized tax benefits is shown below (in millions):


	Successor									Predecessor
	Year Ended						Two Month Period Ended December 31, 2009			Ten Month Period Ended November 7, 2009
	Year Ended
	December 31, 2011			December 31, 2010
Balance at beginning of period	$	36.2		$	63.8		$	93.2		$	99.8
Additions based on tax positions related to current year		13.8			0.3			0.9			0.5
Additions (reductions) based on tax positions related to prior years		4.4			(1.2	)		(28.8	)		7.7
Settlements		—			(4.4	)		—			(12.4	)
Statute expirations		(2.6	)		(21.7	)		—			(8.0	)
Foreign currency translation		(2.4	)		(0.6	)		(1.5	)		5.6

Balance at end of period	$	49.4		$	36.2		$	63.8		$	93.2

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

Change in Benefit Obligation

Pension and Other Postretirement Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2011

A reconciliation of the change in benefit obligation and the change in plan assets for the years ended December 31, 2011 and 2010, is shown below (in millions):


	Pension – Successor												Other Postretirement – Successor
	December 31, 2011						December 31, 2010						December 31, 2011						December 31, 2010
	U.S.			Foreign			U.S.			Foreign			U.S.			Foreign			U.S.			Foreign
Change in benefit obligation:
Benefit obligation at beginning of period	$	441.6		$	478.7		$	404.7		$	412.6		$	111.4		$	66.7		$	103.0		$	53.4
Service cost		2.9			6.6			3.2			4.7			0.4			1.1			0.5			0.8
Interest cost		23.4			24.3			23.1			23.7			5.4			3.8			5.5			3.6
Amendments		—			1.1			—			—			—			—			—			—
Actuarial loss		86.2			56.7			29.9			46.6			1.2			2.9			8.0			7.2
Benefits paid		(20.2	)		(29.4	)		(19.3	)		(27.1	)		(5.4	)		(1.8	)		(5.6	)		(1.7	)
Settlements		—			(112.9	)		—			—			—			—			—			—
Special termination benefits		—			—			—			—			—			0.1			—			0.1
Curtailment loss		—			—			—			3.5			—			—			—			—
Translation adjustment		—			(9.0	)		—			14.7			—			(1.9	)		—			3.3

Benefit obligation at end of period	$	533.9		$	416.1		$	441.6		$	478.7		$	113.0		$	70.9		$	111.4		$	66.7

Change in Plan Assets


	Pension – Successor												Other Postretirement – Successor
	December 31, 2011						December 31, 2010						December 31, 2011						December 31, 2010
	U.S.			Foreign			U.S.			Foreign			U.S.			Foreign			U.S.			Foreign
Change in plan assets:
Fair value of plan assets at beginning of period	$	335.2		$	447.4		$	301.4		$	384.6		$	—		$	—		$	—		$	—
Actual return on plan assets		(7.7	)		(10.6	)		28.6			31.5			—			—			—			—
Employer contributions		22.6			26.9			24.5			36.9			5.4			1.8			5.6			1.7
Benefits paid		(20.2	)		(29.4	)		(19.3	)		(27.1	)		(5.4	)		(1.8	)		(5.6	)		(1.7	)
Settlements		—			(112.9	)		—			—			—			—			—			—
Translation adjustment		—			(7.4	)		—			21.5			—			—			—			—

Fair value of plan assets at end of period	$	329.9		$	314.0		$	335.2		$	447.4		$	—		$	—			—			—

Funded status	$	(204.0	)	$	(102.1	)	$	(106.4	)	$	(31.3	)	$	(113.0	)	$	(70.9	)	$	(111.4	)	$	(66.7	)

Amounts Recognized in the Consolidated Balance Sheet


	Pension – Successor												Other Postretirement – Successor
	December 31, 2011						December 31, 2010						December 31, 2011						December 31, 2010
	U.S.			Foreign			U.S.			Foreign			U.S.			Foreign			U.S.			Foreign
Amounts recognized in the consolidated balance sheet:
Other long-term assets	$	—		$	5.2		$	—		$	39.4		$	—		$	—		$	—		$	—
Accrued liabilities		(4.1	)		(2.9	)		(6.9	)		(4.3	)		(7.7	)		(2.4	)		(8.2	)		(2.8	)
Other long-term liabilities		(199.9	)		(104.4	)		(99.5	)		(66.4	)		(105.3	)		(68.5	)		(103.2	)		(63.9	)

Amounts Recognized in Comprehensive Income (Loss)

Pretax amounts recognized in comprehensive income (loss) for the years ended December 31, 2011 and 2010, are shown below (in millions):


	Pension – Successor												Other Postretirement – Successor
	December 31, 2011						December 31, 2010						December 31, 2011						December 31, 2010
	U.S.			Foreign			U.S.			Foreign			U.S.			Foreign			U.S.			Foreign
Actuarial losses recognized:
Reclassification adjustments	$	(0.1	)	$	17.4		$	(0.1	)	$	—		$	0.3		$	0.1		$	—		$	—
Actuarial loss arising during the period		(120.2	)		(96.0	)		(24.7	)		(38.5	)		(1.2	)		(2.9	)		(8.0	)		(7.2	)
Translation adjustment		—			0.9			—			0.3			—			0.2			—			—

	$	(120.3	)	$	(77.7	)	$	(24.8	)	$	(38.2	)	$	(0.9	)	$	(2.6	)	$	(8.0	)	$	(7.2	)

Amounts Recorded in Accumulated Other Comprehensive Loss That Are Expected To Be Recognized As Components of Net Periodic Benefit Cost in the Next Fiscal Year


	Pension						Other Postretirement
	U.S.			Foreign			U.S.			Foreign
Net unrecognized actuarial loss	$	(3.9	)	$	(5.7	)	$	(0.3	)	$	(0.3	)

Amounts Recorded in Accumulated Other Comprehensive Loss Not Yet Recognized in Net Periodic Benefit Cost

Pretax amounts recorded in accumulated other comprehensive loss not yet recognized in net periodic benefit cost as of December 31, 2011 and 2010, are shown below (in millions):


	Pension – Successor												Other Postretirement – Successor
	December 31, 2011						December 31, 2010						December 31, 2011						December 31, 2010
	U.S.			Foreign			U.S.			Foreign			U.S.			Foreign			U.S.			Foreign
Net unrecognized actuarial loss	$	(138.4	)	$	(109.9	)	$	(18.0	)	$	(32.3	)	$	(9.0	)	$	(9.5	)	$	(8.1	)	$	(6.7	)

Pension Plan Assets by Asset Category

The Company’s pension plan assets by asset category are shown below (in millions). Pension plan assets for the foreign plans relate to the Company’s pension plans in Canada and the United Kingdom.


	Successor
December 31,	2011		2010
Equity securities:
Domestic plans	$	196.1	$	196.2
Foreign plans		157.7		240.7
Debt securities:
Domestic plans		82.6		101.7
Foreign plans		113.8		154.5
Alternative investments:
Domestic plans		43.5		30.3
Foreign plans		30.7		33.3
Cash and other:
Domestic plans		7.7		6.9
Foreign plans		11.8		18.9

Expected Future Benefit Payments


	Pension				Other Postretirement
Year	U.S.		Foreign		U.S.		Foreign
2012	$	18.5	$	18.0	$	7.7	$	2.4
2013		15.8		17.4		7.9		2.4
2014		17.4		17.4		8.0		2.4
2015		18.5		17.7		8.2		2.5
2016		19.9		17.9		8.3		2.6
Five years thereafter		117.6		103.3		41.1		15.9

Pension Protection Act
Zone Status

Contributions to Multiemployer Pension Plan

Successor

Predecessor

Employer Identification Number

December 31,
2011
Certification ⁽¹⁾

December 31,
2010
Certification

FIP/RP
Pending or
Implemented

Year Ended
December 31,
2011 ⁽²⁾

Year Ended
December 31,
2010

Two Month
Period
Ended
2009

Ten Month
Period
Ended
2009

516099782-001

Unavailable

Green

0.5

0.9

0.1

0.7

(1)	As of January 1, 2011, the date of the most recent plan financial statements provided, total plan assets exceeded the plan accumulated benefit obligation.

(2)	There were no surcharges imposed on the Company in 2011.

Benefit Obligations

Weighted Average Actuarial Assumptions Used

The weighted average actuarial assumptions used in determining the benefit obligations are shown below:


	Pension						Other Postretirement
December 31,	2011			2010			2011			2010
Discount rate:
Domestic plans		4.5	%		5.5	%		4.0	%		5.0	%
Foreign plans		4.6	%		5.2	%		4.5	%		5.6	%
Rate of compensation increase:
Foreign plans		3.6	%		3.6	%		N/A			N/A

Net Periodic Benefit Cost

Weighted Average Actuarial Assumptions Used

The weighted average actuarial assumptions used in determining the net periodic benefit cost are shown below:


	Successor									Predecessor
	Year Ended						Two Month Period Ended December 31, 2009			Ten Month Period Ended November 7, 2009
	December 31, 2011			December 31, 2010			Two Month Period Ended December 31, 2009			Ten Month Period Ended November 7, 2009
Pension
Discount rate:
Domestic plans		5.5	%		6.0	%		5.5	%		5.7	%
Foreign plans		5.2	%		5.9	%		5.8	%		6.2	%
Expected return on plan assets:
Domestic plans		8.0	%		8.0	%		8.3	%		8.3	%
Foreign plans		6.9	%		6.9	%		6.9	%		6.9	%
Rate of compensation increase:
Foreign plans		3.6	%		3.7	%		3.7	%		3.2	%
Other postretirement
Discount rate:
Domestic plans		5.0	%		5.5	%		5.5	%		5.8	%
Foreign plans		5.6	%		6.6	%		6.5	%		7.5	%

Pension Plans, Defined Benefit

Components of Net Periodic Benefit Cost

The components of the Company’s net periodic pension benefit cost are shown below (in millions):


	Successor																		Predecessor
	Year Ended												Two Month Period Ended December 31, 2009						Ten Month Period Ended November 7, 2009
Pension	December 31, 2011						December 31, 2010						Two Month Period Ended December 31, 2009						Ten Month Period Ended November 7, 2009
	U.S.			Foreign			U.S			Foreign			U.S.			Foreign			U.S.			Foreign
Service cost	$	2.9		$	6.6		$	3.2		$	4.7		$	0.4		$	0.9		$	3.0		$	4.9
Interest cost		23.4			24.3			23.1			23.7			3.2			3.6			20.0			19.3
Expected return on plan assets		(26.2	)		(30.3	)		(23.5	)		(27.4	)		(3.2	)		(4.0	)		(17.5	)		(17.6	)
Amortization of actuarial loss		—			0.3			—			—			—			—			4.1			0.8
Amortization of prior service cost		—			—			—			—			—			—			2.0			2.7
Settlement (gain) loss		(0.1	)		17.1			(0.1	)		—			—			—			0.5			2.7
Special termination benefits		—			—			—			—			—			—			—			0.7
Curtailment loss, net		—			—			—			3.5			—			—			1.2			7.3

Net periodic benefit cost	$	—		$	18.0		$	2.7		$	4.5		$	0.4		$	0.5		$	13.3		$	20.8

Changes in Fair Value of Plan Assets

Changes in the fair value of these plan assets for the years ended December 31, 2011 and 2010, are shown below (in millions):


	Successor
	December 31, 2011						December 31, 2010
	U.S.			Foreign			U.S.			Foreign
Fair value of investments in hedge fund assets at beginning of year	$	30.3		$	33.3		$	28.1		$	30.0
Unrealized gains (losses)		(2.1	)		(1.4	)		2.1			0.6
Realized gains (losses)		—			—			0.1			(0.1	)
Purchases		18.3			—			3.4			6.8
Sales		(3.0	)		(0.3	)		(3.0	)		(5.6	)
Foreign exchange and other		—			(0.9	)		(0.4	)		1.6

Fair value of investments in hedge fund assets at end of year	$	43.5		$	30.7		$	30.3		$	33.3

Other Postretirement Benefit Plans, Defined Benefit

Components of Net Periodic Benefit Cost

The components of the Company’s net periodic other postretirement benefit cost are shown below (in millions):


	Successor												Predecessor
	Year Ended								Two Month Period Ended December 31, 2009				Ten Month Period Ended November 7, 2009
Other Postretirement	December 31, 2011				December 31, 2010				Two Month Period Ended December 31, 2009				Ten Month Period Ended November 7, 2009
	U.S.		Foreign		U.S		Foreign		U.S.		Foreign		U.S.			Foreign
Service cost	$	0.4	$	1.1	$	0.5	$	0.8	$	0.1	$	0.1	$	0.7		$	1.5
Interest cost		5.4		3.8		5.5		3.6		0.7		0.5		4.4			5.2
Amortization of actuarial (gain) loss		0.3		0.1		—		—		—		—		0.8			(0.6	)
Amortization of transition obligation		—		—		—		—		—		—		—			0.5
Amortization of prior service cost		—		—		—		—		—		—		(6.2	)		—
Special termination benefits		—		0.1		—		0.1		—		—		—			0.3
Curtailment gain, net		—		—		—		—		—		—		—			(1.1	)

Net periodic benefit cost	$	6.1	$	5.1	$	6.0	$	4.5	$	0.8	$	0.6	$	(0.3	)	$	5.8

Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2011

Summary of Stock Option, Performance Share, Restricted Stock Unit and Stock Appreciation Right Transactions

A summary of restricted stock unit and performance share transactions during the years ended December 31, 2011 and 2010, and the 2009 Successor Period is shown below:


	Restricted Stock Units ⁽¹⁾					Performance Shares
				Weighted Average Grant Date Fair Value ⁽²⁾					Weighted Average Grant Date Fair Value ⁽²⁾
Outstanding as of November 9, 2009		2,687,976		$	19.50		—
Granted		—					—
Distributed (vested)		(114,438	)				—

Outstanding as of December 31, 2009		2,573,538					—
Granted		206,736		$	35.15		—
Distributed (vested)		(896,696	)				—
Cancelled		(28,650	)				—

Outstanding as of December 31, 2010		1,854,928					—
Granted		181,836		$	54.88		529,880		$	55.15
Distributed (vested)		(875,902	)				—
Cancelled		(22,446	)				(32,282	)

Outstanding as of December 31, 2011		1,138,416					497,598

(1)	Share data and weighted average grant date fair values for the year ended December 31, 2010, and the 2009 Successor Period have been retroactively adjusted to reflect the two-for-one stock split described in Note 11, “Capital Stock and Equity.”

(2)

Summary of Stock Option, Performance Share, Restricted Stock Unit and Stock Appreciation Right Transactions

A summary of stock option, performance share, restricted stock unit and stock appreciation right transactions during the 2009 Predecessor Period is shown below:


	Stock Options					Performance Shares ⁽¹⁾			Restricted Stock Units			Stock Appreciation Rights ⁽²⁾
				(Price Range)
Outstanding as of January 1, 2009		1,268,180		$	22.12 - $55.33		168,696			1,040,740			2,432,745
Distributed or exercised		—			N/A		(75,755	)		(103,933	)		—
Expired or cancelled		(1,268,180	)	$	22.12 - $55.33		(92,941	)		(936,807	)		(2,432,745	)

Outstanding as of November 7, 2009		—			N/A		—			—			—

(1)

(2)	Excludes cash-settled stock appreciation rights.

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2011

Summary of the Changes in Reserves for Product Liability and Warranty Claims

A summary of the changes in reserves for product liability and warranty claims for each of the periods in the two years ended December 31, 2011, is shown below (in millions):


Balance as of January 1, 2010 – Successor	$	26.5
Expense, net, including changes in estimates		32.1
Settlements		(11.9	)
Foreign currency translation and other		(3.1	)

Balance as of December 31, 2010 – Successor		43.6
Expense, net, including changes in estimates		(2.2	)
Settlements		(18.7	)
Foreign currency translation and other		0.7

Balance as of December 31, 2011 – Successor	$	23.4

Summary of Leases Commitments

A summary of lease commitments as of December 31, 2011, under non-cancelable operating leases with terms exceeding one year is shown below (in millions):


2012	$	78.3
2013		59.8
2014		47.4
2015		32.9
2016		27.4
2017 and thereafter		30.8

Total	$	276.6

Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2011

Summary of Segment Financial Information

A summary of revenues from external customers and other financial information by reportable operating segment is shown below (in millions):


	Successor – Year Ended December 31, 2011
	Seating		EPMS		Other			Consolidated
Revenues from external customers	$	10,943.0	$	3,213.5	$	—		$	14,156.5
Segment earnings ⁽¹⁾		703.7		185.1		(209.2	)		679.6
Depreciation and amortization		146.5		92.3		7.5			246.3
Capital expenditures		184.0		139.4		6.1			329.5
Total assets		3,697.9		1,255.0		2,058.0			7,010.9


	Successor – Year Ended December 31, 2010
	Seating		EPMS			Other			Consolidated
Revenues from external customers	$	9,395.3	$	2,559.3		$	—		$	11,954.6
Segment earnings ⁽¹⁾		655.0		100.5			(217.1	)		538.4
Depreciation and amortization		145.7		83.9			6.3			235.9
Capital expenditures		114.2		71.1			8.0			193.3
Total assets		3,491.1		1,052.2			2,077.8			6,621.1

	Successor –Two Month Period Ended December 31, 2009
	Seating		EPMS			Other			Consolidated
Revenues from external customers	$	1,251.1	$	329.8		$	—		$	1,580.9
Segment earnings ⁽¹⁾		52.4		(24.5	)		(30.8	)		(2.9	)
Depreciation and amortization		24.9		14.0			0.9			39.8
Capital expenditures		19.0		16.9			5.4			41.3
Total assets		3,182.9		966.5			1,923.9			6,073.3

	Predecessor –Ten Month Period Ended November 7, 2009
	Seating		EPMS			Other			Consolidated
Revenues from external customers	$	6,561.8	$	1,596.9		$	—		$	8,158.7
Segment earnings ⁽¹⁾		184.9		(131.3	)		(147.0	)		(93.4	)
Depreciation and amortization		131.6		80.2			12.1			223.9
Capital expenditures		46.5		27.9			3.1			77.5

(1)	See definition in Note 4, “Summary of Significant Accounting Policies — Segment Reporting.”

Reconciliation of Segment Earnings to Consolidated Income (Loss) Before Provision (Benefit) for Income Taxes and Equity in Net (Income) Loss of Affiliates

A reconciliation of segment earnings to consolidated income (loss) before provision (benefit) for income taxes and equity in net (income) loss of affiliates is shown below (in millions):


	Successor									Predecessor
	Year Ended						Two Month Period Ended December 31, 2009			Ten Month Period Ended November 7, 2009
	December 31, 2011			December 31, 2010			Two Month Period Ended December 31, 2009			Ten Month Period Ended November 7, 2009
Segment earnings	$	888.8		$	755.5		$	27.9		$	53.6
Corporate and regional headquarters and elimination of intercompany activity (“Other”)		(209.2	)		(217.1	)		(30.8	)		(147.0	)

Consolidated income (loss) before goodwill impairment charges, interest, other (income) expense, reorganization items and fresh-start accounting adjustments, provision (benefit) for income taxes and equity in net (income) loss of affiliates		679.6			538.4			(2.9	)		(93.4	)
Goodwill impairment charges		—			—			—			319.0
Interest expense		39.7			55.4			11.1			151.4
Other (income) expense, net		24.2			34.2			19.8			(16.6	)
Reorganization items and fresh-start accounting adjustments, net		—			—			—			(270.7	)

Consolidated income (loss) before provision (benefit) for income taxes and equity in net (income) loss of affiliates	$	615.7		$	448.8		$	(33.8	)	$	(276.5	)

Revenues From External Customers and Tangible Long-lived Assets for Each of the Geographic Areas in Which the Company Operates

Revenues from external customers and tangible long-lived assets for each of the geographic areas in which the Company operates is shown below (in millions):


	Successor						Predecessor
	Year Ended				Two Month Period Ended December 31, 2009		Ten Month Period Ended November 7, 2009
	December 31, 2011		December 31, 2010		Two Month Period Ended December 31, 2009		Ten Month Period Ended November 7, 2009
Revenues from external customers:
United States	$	2,542.2	$	2,137.1	$	242.7	$	1,352.5
Germany		2,522.5		2,110.5		283.9		1,653.6
Mexico		1,659.0		1,435.0		192.4		838.1
China		1,363.0		1,144.9		175.9		727.6
Other countries		6,069.8		5,127.1		686.0		3,586.9

Total	$	14,156.5	$	11,954.6	$	1,580.9	$	8,158.7


	Successor
December 31,	2011		2010
Tangible long-lived assets:
United States	$	152.5	$	165.8
Germany		123.8		134.9
Mexico		180.8		162.6
China		86.4		59.8
Other countries		528.5		471.6

Total	$	1,072.0	$	994.7

Summary of the Percentage of Revenues from Major Customers

The following is a summary of the percentage of revenues from major customers:


For the year ended December 31,	2011			2010			2009
Ford		19.4	%		18.2	%		19.0	%
General Motors		18.8			20.9			19.8
BMW		11.6			10.9			12.3

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

Fair Value of Outstanding Foreign Currency Derivative Contracts and the Related Classification

Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2011

The fair value of outstanding foreign currency derivative contracts and the related classification in the accompanying consolidated balance sheets are shown below (in millions):


	Successor
December 31,	2011			2010
Contracts qualifying for hedge accounting:
Other current assets	$	0.2		$	0.2
Other current liabilities		(38.1	)		(1.5	)
Other long-term liabilities		(1.2	)		—

		(39.1	)		(1.3	)

Contracts not qualifying for hedge accounting:
Other current assets		—			0.7
Other current liabilities		(5.4	)		(0.3	)

		(5.4	)		0.4

	$	(44.5	)	$	(0.9	)

Fair Value Measurements and the Related Valuation Techniques and Fair Value Hierarchy Level

Fair value measurements and the related valuation techniques and fair value hierarchy level for the Company’s assets and liabilities measured or disclosed at fair value on a recurring basis as of December 31, 2011 and 2010, are shown below (in millions):


			Successor –December 31, 2011
	Frequency		Asset (Liability)			Valuation Technique		Level 1		Level 2			Level 3
Foreign currency derivative contracts		Recurring	$	(44.5	)		Market/Income	$	—	$	(44.5	)	$	—
Commodity swap contracts		Recurring	$	(0.3	)		Market/Income	$	—	$	(0.3	)	$	—

			Successor –December 31, 2010
	Frequency		Asset (Liability)			Valuation Technique		Level 1		Level 2			Level 3
Foreign currency derivative contracts		Recurring	$	(0.9	)		Market/Income	$	—	$	(0.9	)	$	—

Foreign Exchange Contract

Pretax Amounts Related to Derivative Contracts

Pretax amounts related to foreign currency derivative contracts that were recognized in and reclassified from accumulated other comprehensive loss are shown below (in millions):


	Successor						Predecessor
	Year Ended						Ten Month Period Ended
	December 31, 2011			December 31, 2010			November 7, 2009
Contracts qualifying for hedge accounting:
Gains (losses) recognized in accumulated other comprehensive loss	$	(50.4	)	$	9.5		$	(13.9	)
(Gains) losses reclassified from accumulated other comprehensive loss		12.6			(10.8	)		57.8

Comprehensive income (loss)	$	(37.8	)	$	(1.3	)	$	43.9

Interest Rate Swap | Predecessor

Pretax Amounts Related to Derivative Contracts

Pretax amounts related to interest rate contracts that were recognized in and reclassified from accumulated other comprehensive loss are shown below (in millions):


	Predecessor
	Ten Month Period Ended November 7, 2009
Contracts qualifying for hedge accounting:
Losses recognized in accumulated other comprehensive loss	$	(14.2	)
Losses reclassified from accumulated other comprehensive loss		11.9

Comprehensive loss	$	(2.3	)

Commodity Contract

Pretax Amounts Related to Derivative Contracts

Pretax amounts related to commodity swap contracts that were recognized in and reclassified from accumulated other comprehensive loss are shown below (in millions):


	Successor			Predecessor
	Year Ended December 31, 2011			Ten Month Period Ended November 7, 2009
Contracts qualifying for hedge accounting:
Gains (losses) recognized in accumulated other comprehensive loss	$	(0.5	)	$	1.8
Losses reclassified from accumulated other comprehensive loss		0.2			4.2

Comprehensive income (loss)	$	(0.3	)	$	6.0

Fair Value of Outstanding Commodity Swap Contracts and the Related Classification

The fair value of outstanding commodity swap contracts and the related classification in the accompanying consolidated balance sheet are shown below (in millions):


	Successor
	December 31, 2011
Contracts qualifying for hedge accounting:
Other current liabilities	$	(0.3	)

Quarterly Financial Data (Tables)

12 Months Ended

Dec. 31, 2011

Quarterly Financial Data

Quarterly Financial Data (unaudited)


(In millions, except per share data)	Successor – Thirteen Weeks Ended
	April 2, 2011		July 2, 2011		October 1, 2011		December 31, 2011
Net sales	$	3,511.7	$	3,676.3	$	3,460.0	$	3,508.5
Gross profit		323.4		346.6		280.5		242.7
Consolidated net income		162.7		185.7		108.1		113.9
Net income attributable to Lear		156.0		177.5		100.7		106.5
Basic net income per share attributable to Lear		1.48		1.70		0.97		1.05
Diluted net income per share attributable to Lear		1.44		1.65		0.95		1.03


	Successor – Thirteen Weeks Ended
	April 3, 2010		July 3, 2010		October 2, 2010		December 31, 2010
Net sales	$	2,938.5	$	3,039.3	$	2,820.3	$	3,156.5
Gross profit		254.8		292.8		235.8		234.9
Consolidated net income		73.8		165.3		98.5		123.8
Net income attributable to Lear		66.1		159.8		95.3		117.1
Basic net income per share attributable to Lear		0.68		1.58		0.92		1.12
Diluted net income per share attributable to Lear		0.61		1.48		0.88		1.08

Supplemental Guarantor Condensed Consolidating Financial Statements (Tables)

12 Months Ended

Dec. 31, 2011

Long-Term Debt of Lear and Guarantors

Long-Term Debt of Lear and the Guarantors — A summary of long-term debt of Lear and the Guarantors on a combined basis is shown below (in millions):


	December 31, 2011		December 31, 2010
Senior notes	$	695.4	$	694.9

Basis Presentation - Additional Information (Detail) $ in Millions	4 Months Ended
	Nov. 07, 2009 USD ($)
Basis of Presentation [Line Items]
Cancellation of Predecessor common stock	$ 1,204.1
Predecessor
Basis of Presentation [Line Items]
Contractual interest expense related to liabilities subject to compromise	69.7
Cancellation of Predecessor common stock	$ 1,204.1

Cancellation of Predecessor Common Stock Reclassfication (Detail) - USD ($) $ in Millions	2 Months Ended	3 Months Ended								10 Months Ended	12 Months Ended
	Dec. 31, 2009	Dec. 31, 2011	Oct. 01, 2011	Jul. 02, 2011	Apr. 02, 2011	Dec. 31, 2010	Oct. 02, 2010	Jul. 03, 2010	Apr. 03, 2010	Nov. 07, 2009	Dec. 31, 2011	Dec. 31, 2010
Consolidated statement of operations:
Consolidated income (loss) before provision (benefit) for income taxes and equity in net (income) loss of affiliates	$ (33.8)										$ 615.7	$ 448.8
Consolidated net income (loss)	(7.7)	$ 113.9	$ 108.1	$ 185.7	$ 162.7	$ 123.8	$ 98.5	$ 165.3	$ 73.8		570.4	461.4
Net income (loss) attributable to Lear	(3.8)	106.5	100.7	177.5	156.0	117.1	95.3	159.8	66.1		540.7	438.3
Consolidated statement of equity:
Net income (loss)	(7.7)	$ 113.9	$ 108.1	$ 185.7	$ 162.7	$ 123.8	$ 98.5	$ 165.3	$ 73.8		570.4	461.4
Comprehensive income (loss)	(9.1)										318.9	387.2
Attributable to Lear Corporation Stockholders
Consolidated statement of operations:
Consolidated net income (loss)	(3.8)										540.7	438.3
Consolidated statement of equity:
Net income (loss)	(3.8)										540.7	438.3
Comprehensive income (loss)	$ (5.1)										$ 286.7	$ 361.6
Predecessor
Consolidated statement of operations:
Reorganization items and fresh-start accounting adjustments, net										$ (270.7)
Consolidated income (loss) before provision (benefit) for income taxes and equity in net (income) loss of affiliates										(276.5)
Consolidated net income (loss)										(369.7)
Net income (loss) attributable to Lear										(385.9)
Consolidated statement of equity:
Net income (loss)										(369.7)
Comprehensive income (loss)										(250.2)
Reorganization items and fresh-start accounting adjustments, net										115.3
Predecessor \| Attributable to Lear Corporation Stockholders
Consolidated statement of operations:
Consolidated net income (loss)										(385.9)
Consolidated statement of equity:
Net income (loss)										(385.9)
Comprehensive income (loss)										(267.4)
Reorganization items and fresh-start accounting adjustments, net										60.8
Predecessor \| Scenario, Previously Reported
Consolidated statement of operations:
Reorganization items and fresh-start accounting adjustments, net										(1,474.8)
Consolidated income (loss) before provision (benefit) for income taxes and equity in net (income) loss of affiliates										927.6
Consolidated net income (loss)										834.4
Net income (loss) attributable to Lear										818.2
Consolidated statement of equity:
Net income (loss)										834.4
Predecessor \| Scenario, Previously Reported \| Attributable to Lear Corporation Stockholders
Consolidated statement of operations:
Consolidated net income (loss)										818.2
Consolidated statement of equity:
Net income (loss)										818.2
Comprehensive income (loss)										936.7
Reorganization items and fresh-start accounting adjustments, net										$ (1,143.3)

Reorganization Under Chapter 11 - Additional Information (Detail) - USD ($)
$ / shares in Units, $ in Millions

Dec. 31, 2011

^[2]

Mar. 17, 2011

Dec. 31, 2010

^[2]

Mar. 31, 2010

Dec. 31, 2009

Nov. 09, 2009

Nov. 07, 2009

Reorganization [Line Items]

First lien credit agreement

$ 375.0

Second lien credit agreement

$ 550.0

550.0

^[1]

Common stock, par value

$ 0.01

Warrants to purchase percentage of common stock

15.00%

Warrants issued

16,314,498

Maximum liquidity, subject to certain working capital and other adjustments and accruals

$ 1,000.0

Prepayment of Series A preferred convertible stock

50.0

Prepayments of second lien credit agreement

50.0

Aggregate excess cash paydown

225.0

Repayments of first lien credit agreement

125.0

Series A convertible preferred stock

$ 450.0

^[1]

Series A convertible preferred stock, shares issued

10,896,250

Senior unsecured notes

$ 700.0

[1]	After giving effect to the Excess Cash Paydown.
[2]	Share data as of December 31, 2010, has been retroactively adjusted to reflect the two-for-one stock split described in Note 11, "Capital Stock and Equity," to these consolidated financial statements.

Fresh-start Accounting - Additional Information (Detail) Vehicle in Millions, $ in Millions	Nov. 09, 2009	Nov. 07, 2009 USD ($) Vehicle
Fresh-Start Adjustment [Line Items]
Voting shares of the emerging entity	50.00%
Reorganization value \| $		$ 3,054
North American light vehicle \| Units in 2009
Fresh-Start Adjustment [Line Items]
Forecasted annual light vehicle production used to determine reorganization value		8.0
North American light vehicle \| Units in 2012
Fresh-Start Adjustment [Line Items]
Forecasted annual light vehicle production used to determine reorganization value		13.7
European light vehicle \| Units in 2009
Fresh-Start Adjustment [Line Items]
Forecasted annual light vehicle production used to determine reorganization value		15.2
European light vehicle \| Units in 2012
Fresh-Start Adjustment [Line Items]
Forecasted annual light vehicle production used to determine reorganization value		17.3
Minimum
Fresh-Start Adjustment [Line Items]
Reorganization value \| $		$ 2,900
Cash flow, estimated discount rate		13.00%
Maximum
Fresh-Start Adjustment [Line Items]
Reorganization value \| $		$ 3,400
Cash flow, estimated discount rate		14.00%

Adjustments Recorded to the Predecessor Balance Sheet Resulting from the Consummation of the Plan and the Adoption of Fresh-Start Accounting (Detail)
$ in Millions

Nov. 07, 2009

USD ($)

$ 1,493.9

1,836.6

471.8

338.7

4,141.0

1,072.3

1,203.7

518.0

Preconfirmation, Assets, Total

2,794.0

6,935.0

Debtor-in-possession term loan

30.4

500.0

1,565.6

Current portion of long-term debt

884.7

4.2

2,984.9

8.2

679.7

Liabilities subject to compromise

687.9

3,635.6

Predecessor additional paid-in capital

Predecessor common stock

0.8

1,373.3

Predecessor common stock held in treasury

(170.0)

Accumulated other comprehensive loss

(1,565.9)

(60.8)

(422.6)

49.2

Preconfirmation, Liabilities and Equity (Deficit)

(373.4)

6,935.0

9.1

^[1],[2]

6.7

^[2]

15.8

^[2]

(4.7)

^[2],[3]

(582.3)

^[2]

161.6

^[2]

Fresh-Start Adjustment, Increase (Decrease), Assets, Total

(425.4)

^[2]

(409.6)

^[2]

17.5

^[2]

17.5

^[2]

(37.7)

^[2]

(37.7)

^[2]

Accumulated other comprehensive loss

(504.7)

^[2]

60.8

^[2]

(443.9)

^[2]

54.5

^[2],[4]

Fresh-Start Adjustment, Increase (Decrease), Liabilities and Stockholders' Equity, Total

(389.4)

^[2]

(409.6)

^[2]

1,254.4

1,836.6

480.9

345.4

3,917.3

1,067.6

621.4

^[5]

659.4

Reorganization value of Successor assets

2,348.4

6,265.7

30.4

1,565.6

Current portion of long-term debt

900.4

4.2

2,500.6

933.2

642.0

1,575.2

Successor Series A Preferred Stock

450.0

Successor Common Stock

0.7

Successor additional paid-in capital

1,635.5

2,086.2

103.7

Postconfirmation, Liabilities and Stockholders' Equity, Total

2,189.9

6,265.7

(239.5)

^[6],[7]

(239.5)

^[6]

(20.2)

^[6],[8]

Reorganization Adjustment Increase Decrease Assets, Total

(20.2)

^[6]

(259.7)

^[6]

Liabilities and Equity (Deficit)

Reorganization Adjustment Increase Decrease Liabilities And Stockholders Equity, Total

2,952.7

^[6]

(259.7)

^[6]

Debtor-in-possession term loan

(500.0)

^[6],[7]

(1.8)

^[6],[7]

(501.8)

^[6]

925.0

^[6],[7],[9]

Liabilities Subject to Compromise

925.0

^[6]

(3,635.6)

^[6],[9]

Predecessor common stock held in treasury

170.0

^[6],[10]

2,070.6

^[6],[11]

Successor Series A Preferred Stock

2,952.7

^[6]

450.0

^[6],[7],[9]

Predecessor common stock

0.7

^[6],[9],[12]

Predecessor additional paid-in capital

1,635.5

^[6],[9],[12]

Liabilities subject to compromise

3,635.6

Predecessor additional paid-in capital

Predecessor common stock

(0.8)

^[6],[10]

$ (1,373.3)

^[6],[10]

[1]	Inventory - This amount adjusts inventory to fair value as of the Effective Date. Raw materials were valued at current replacement cost, work-in-process was valued at estimated finished goods selling price less estimated disposal costs, completion costs and a reasonable profit allowance for selling effort. Finished goods were valued at estimated selling price less estimated disposal costs and a reasonable profit allowance for selling effort.
[2]	Represents the adjustment of assets and liabilities to fair value, or other measurement as specified by ASC 805, in conjunction with the adoption of fresh-start accounting. Significant adjustments are summarized below. Elimination of Predecessor goodwill $ 1,203.7 Successor goodwill (see (8) above) (621.4 ) Elimination of Predecessor intangible assets 29.0 Successor intangible asset adjustment (f) (191.0 ) Defined benefit plans adjustment (g) (55.0 ) Inventory adjustment (h) (9.1 ) Property, plant and equipment adjustment (i) 4.7 Investments in non-consolidated affiliates adjustment (j) (8.7 ) Noncontrolling interests adjustment (j) 54.5 Elimination of Predecessor accumulated other comprehensive loss and other adjustments 120.0 Pretax loss on fresh-start accounting adjustments 526.7 Tax benefit related to fresh-start accounting adjustments (k) (22.0 ) Net loss on fresh-start accounting adjustments $ 504.7 (f) Intangible assets - This adjustment reflects the fair value of intangible assets determined as of the Effective Date. For further information on the valuation of intangible assets, see Note 4, "Summary of Significant Accounting Policies." (g) Defined benefit plans - This adjustment primarily reflects differences in assumptions, such as the expected return on plan assets and the weighted average discount rate related to the payment of benefit obligations, between the prior measurement date of December 31, 2008, and the Effective Date. For additional information on the Company's defined benefit plans, see Note 10, "Pension and Other Postretirement Benefit Plans." (h) Inventory - This amount adjusts inventory to fair value as of the Effective Date. Raw materials were valued at current replacement cost, work-in-process was valued at estimated finished goods selling price less estimated disposal costs, completion costs and a reasonable profit allowance for selling effort. Finished goods were valued at estimated selling price less estimated disposal costs and a reasonable profit allowance for selling effort. (i) Property, plant and equipment - This amount adjusts property, plant and equipment to fair value as of the Effective Date, giving consideration to the highest and best use of the assets. Fair value estimates were based on independent appraisals. Key assumptions used in the appraisals were based on a combination of income, market and cost approaches, as appropriate. (j) Investments in non-consolidated affiliates and noncontrolling interests - These amounts adjust investments in non-consolidated affiliates and noncontrolling interests to their estimated fair values. Estimated fair values were based on internal and external valuations using customary valuation methodologies, including comparable earnings multiples, discounted cash flows and negotiated transaction values. (k) Tax benefit - This amount reflects the tax benefits of $53.5 million related to the write-off of goodwill and other comprehensive loss, partially offset by the tax expense of $31.5 million related to the intangible asset and property, plant and equipment fair value adjustments. Tax expense related to the intangible asset and property, plant and equipment fair value adjustments was calculated by applying the appropriate tax rate, ranging from 0% to 35%, to the related adjustments in each jurisdiction.
[3]	Property, plant and equipment - This amount adjusts property, plant and equipment to fair value as of the Effective Date, giving consideration to the highest and best use of the assets. Fair value estimates were based on independent appraisals. Key assumptions used in the appraisals were based on a combination of income, market and cost approaches, as appropriate.
[4]	Investments in non-consolidated affiliates and noncontrolling interests - These amounts adjust investments in non-consolidated affiliates and noncontrolling interests to their estimated fair values. Estimated fair values were based on internal and external valuations using customary valuation methodologies, including comparable earnings multiples, discounted cash flows and negotiated transaction values.
[5]	A reconciliation of the reorganization value of the Successor assets and goodwill is shown below: Reorganization value $ 3,054.0 Plus: Liabilities (excluding debt and after giving effect to fresh-start accounting adjustments) 3,108.0 Fair value of noncontrolling interests 103.7 Reorganization value of Successor assets 6,265.7 Less: Successor assets (excluding goodwill and after giving effect to fresh-start accounting adjustments) 5,644.3 Reorganization value of Successor assets in excess of fair value - Successor goodwill $ 621.4
[6]	Represents amounts recorded as of the Effective Date for the consummation of the Plan, including the settlement of liabilities subject to compromise, the repayment of debtor-in-possession financing, the incurrence of new indebtedness and related cash payments, the issuances of Series A Preferred Stock and Common Stock and the cancellation of Predecessor common stock.
[7]	This adjustment reflects net cash payments recorded as of the Effective Date, including total borrowings under the first lien credit agreement and the Excess Cash Paydown (see Note 2, "Reorganization under Chapter 11"). Borrowings under first lien credit agreement $ 375.0 Less: Debt issuance costs (12.7 ) First lien credit agreement - net proceeds 362.3 Prepayment of second lien credit agreement (50.0 ) Prepayment of Series A Preferred Stock (50.0 ) Repayment of debtor-in-possession financing, principal and accrued interest (501.8 ) Net cash payments $ (239.5 ) Debt under the second lien credit agreement, the Series A Preferred Stock, the Common Stock and the Warrants were issued directly to third-party claimants in satisfaction of certain of the Company's liabilities subject to compromise. Accordingly, these non-cash transactions are not included in the above calculation of net cash payments.
[8]	This adjustment reflects the write-off of $32.9 million of unamortized debt issuance costs related to the repayment of debtor-in-possession financing, offset by the capitalization of debt issuance costs related to the first lien credit agreement (see (2) above).
[9]	This adjustment reflects the settlement of liabilities subject to compromise (see "- Liabilities Subject to Compromise" below). Settlement of liabilities subject to compromise $ (3,635.6 ) Issuance of Successor Series A Preferred Stock (a) 500.0 Issuance of Successor Common Stock and Warrants (b) 1,636.2 Issuance of term loans provided under second lien credit agreement (a) 600.0 Gain on settlement of liabilities subject to compromise $ (899.4 ) (a) Prior to the Excess Cash Paydown. (b) See (7) below for a reconciliation of the reorganization value to the value of Successor Common Stock (including additional paid-in-capital). The Company received cash proceeds of $375 million from debt issued under the first lien credit agreement. These proceeds were used, in part, to satisfy amounts outstanding under the Company's debtor-in-possession credit facility, which were excluded from the Company's liabilities subject to compromise. The remaining proceeds were available for general corporate purposes. Accordingly, cash proceeds from debt issued under the first lien credit agreement are not included in the above calculation of gain on settlement of liabilities subject to compromise.
[10]	This adjustment reflects the cancellation of the Predecessor common stock.
[11]	This adjustment reflects the cumulative impact of the reorganization adjustments discussed above. Gain on settlement of liabilities subject to compromise $ (899.4 ) Cancellation of Predecessor common stock (see (5) above) (1,204.1 ) Write-off of unamortized debt issuance costs (see (3) above) 32.9 $ (2,070.6 )
[12]	A reconciliation of the reorganization value to the value of Successor Common Stock as of the Effective Date is shown below: Reorganization value $ 3,054.0 Less: First lien credit agreement (375.0 ) Second lien credit agreement (c) (550.0 ) Other debt (42.8 ) Series A Preferred Stock (c) (450.0 ) Reorganization value of Successor Common Stock and Warrants 1,636.2 Less: Fair value of Warrants (d) 305.9 Reorganization value of Successor Common Stock $ 1,330.3 Shares outstanding as of November 7, 2009 68,234,772 Per share value (e) $ 19.50 (c) After giving effect to the Excess Cash Paydown. (d) For further information on the fair value of Warrants, see Note 11, "Capital Stock and Equity." (e) The per share value of $19.50 was used to record the issuance of the Successor Common Stock, after giving effect to the two-for-one stock split described in Note 11, "Capital Stock and Equity."

Adjustments Recorded to the Predecessor Balance Sheet Resulting from the Consummation of the Plan and the Adoption of Fresh-Start Accounting (Parenthetical) (Detail) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions

2 Months Ended

10 Months Ended

12 Months Ended

Dec. 31, 2009

Nov. 07, 2009

Dec. 31, 2011

Dec. 31, 2010

Nov. 09, 2009

Borrowings under first lien credit agreement

$ 375.0

Less: Debt issuance costs

(12.7)

First lien credit agreement - net proceeds

362.3

Prepayment of second lien credit agreement

(50.0)

$ (50.0)

Prepayment of Series A Preferred Stock

(50.0)

Repayment of debtor-in-possession financing, principal and accrued interest

(501.8)

Net cash payments

^[1],[2]

(239.5)

Proceeds from first lien credit agreements

375.0

Settlement of liabilities subject to compromise

^[1],[3]

(3,635.6)

Issuance of Successor Series A Preferred Stock

^[4]

500.0

Issuance of Successor Common Stock and Warrants

^[5]

1,636.2

Issuance of term loans provided under second lien credit agreement

^[4]

600.0

Gain on settlement of liabilities subject to compromise

(899.4)

Gain on settlement of liabilities subject to compromise

(899.4)

Cancellation of Predecessor common stock

(1,204.1)

Write-off of unamortized debt issuance costs

32.9

Common Stock, Per Share Value

^[1],[6]

$ (2,070.6)

^[7]

$ 19.50

Reorganization value

$ 3,054.0

Plus: Liabilities (excluding debt and after giving effect to fresh-start accounting adjustments)

3,108.0

First lien credit agreement

(375.0)

Fair value of noncontrolling interests

103.7

Second lien credit agreement

(550.0)

^[8]

(550.0)

Reorganization value of Successor assets

6,265.7

Other debt

(42.8)

Less: Successor assets (excluding goodwill and after giving effect to fresh-start accounting adjustments)

5,644.3

Series A Preferred Stock

(450.0)

^[8]

(450.0)

Reorganization value of Successor assets in excess of fair value - Successor goodwill

^[9]

621.4

Reorganization value of Successor Common Stock and Warrants

1,636.2

Less: Fair value of Warrants

1,203.7

305.9

^[10]

$ (305.9)

Reorganization value of Successor Common Stock

^[9]

(621.4)

1,330.3

Elimination of Predecessor intangible assets

$ 29.0

Shares outstanding as of November 7, 2009

68,234,772

Successor intangible asset adjustment

^[11]

$ (191.0)

Defined benefit plans adjustment

^[12]

(55.0)

Inventory adjustment

^[13],[14]

(9.1)

Property, plant and equipment adjustment

^[14],[15]

4.7

Investments in non-consolidated affiliates adjustment

^[16]

(8.7)

Noncontrolling interests adjustment

^[14],[16]

54.5

Elimination of Predecessor accumulated other comprehensive loss and other adjustments

120.0

Pretax loss on fresh-start accounting adjustments

526.7

Tax (benefit) expense related to fresh-start adjustments

^[17]

(22.0)

Net loss on fresh-start accounting adjustments

504.7

Appropriate tax rate related to adjustments in each jurisdiction

35.00%

Minimum

Appropriate tax rate related to adjustments in each jurisdiction

Reorganization value

$ 2,900.0

0.00%

Maximum

Appropriate tax rate related to adjustments in each jurisdiction

Reorganization value

$ 3,400.0

35.00%

Write-off of goodwill and other comprehensive loss

Tax (benefit) expense related to fresh-start adjustments

$ (53.5)

Intangible asset and property, plant and equipment fair value adjustments

Tax (benefit) expense related to fresh-start adjustments

$ 31.5

[1]	Represents amounts recorded as of the Effective Date for the consummation of the Plan, including the settlement of liabilities subject to compromise, the repayment of debtor-in-possession financing, the incurrence of new indebtedness and related cash payments, the issuances of Series A Preferred Stock and Common Stock and the cancellation of Predecessor common stock.
[2]	This adjustment reflects net cash payments recorded as of the Effective Date, including total borrowings under the first lien credit agreement and the Excess Cash Paydown (see Note 2, "Reorganization under Chapter 11"). Borrowings under first lien credit agreement $ 375.0 Less: Debt issuance costs (12.7 ) First lien credit agreement - net proceeds 362.3 Prepayment of second lien credit agreement (50.0 ) Prepayment of Series A Preferred Stock (50.0 ) Repayment of debtor-in-possession financing, principal and accrued interest (501.8 ) Net cash payments $ (239.5 ) Debt under the second lien credit agreement, the Series A Preferred Stock, the Common Stock and the Warrants were issued directly to third-party claimants in satisfaction of certain of the Company's liabilities subject to compromise. Accordingly, these non-cash transactions are not included in the above calculation of net cash payments.
[3]	This adjustment reflects the settlement of liabilities subject to compromise (see "- Liabilities Subject to Compromise" below). Settlement of liabilities subject to compromise $ (3,635.6 ) Issuance of Successor Series A Preferred Stock (a) 500.0 Issuance of Successor Common Stock and Warrants (b) 1,636.2 Issuance of term loans provided under second lien credit agreement (a) 600.0 Gain on settlement of liabilities subject to compromise $ (899.4 ) (a) Prior to the Excess Cash Paydown. (b) See (7) below for a reconciliation of the reorganization value to the value of Successor Common Stock (including additional paid-in-capital). The Company received cash proceeds of $375 million from debt issued under the first lien credit agreement. These proceeds were used, in part, to satisfy amounts outstanding under the Company's debtor-in-possession credit facility, which were excluded from the Company's liabilities subject to compromise. The remaining proceeds were available for general corporate purposes. Accordingly, cash proceeds from debt issued under the first lien credit agreement are not included in the above calculation of gain on settlement of liabilities subject to compromise.
[4]	Prior to the Excess Cash Paydown.
[5]	See (7) below for a reconciliation of the reorganization value to the value of Successor Common Stock (including additional paid-in-capital).
[6]	This adjustment reflects the cumulative impact of the reorganization adjustments discussed above. Gain on settlement of liabilities subject to compromise $ (899.4 ) Cancellation of Predecessor common stock (see (5) above) (1,204.1 ) Write-off of unamortized debt issuance costs (see (3) above) 32.9 $ (2,070.6 )
[7]	The per share value of $19.50 was used to record the issuance of the Successor Common Stock, after giving effect to the two-for-one stock split described in Note 11, "Capital Stock and Equity."
[8]	After giving effect to the Excess Cash Paydown.
[9]	A reconciliation of the reorganization value of the Successor assets and goodwill is shown below: Reorganization value $ 3,054.0 Plus: Liabilities (excluding debt and after giving effect to fresh-start accounting adjustments) 3,108.0 Fair value of noncontrolling interests 103.7 Reorganization value of Successor assets 6,265.7 Less: Successor assets (excluding goodwill and after giving effect to fresh-start accounting adjustments) 5,644.3 Reorganization value of Successor assets in excess of fair value - Successor goodwill $ 621.4
[10]	For further information on the fair value of Warrants, see Note 11, "Capital Stock and Equity."
[11]	Intangible assets - This adjustment reflects the fair value of intangible assets determined as of the Effective Date. For further information on the valuation of intangible assets, see Note 4, "Summary of Significant Accounting Policies."
[12]	Defined benefit plans - This adjustment primarily reflects differences in assumptions, such as the expected return on plan assets and the weighted average discount rate related to the payment of benefit obligations, between the prior measurement date of December 31, 2008, and the Effective Date. For additional information on the Company's defined benefit plans, see Note 10, "Pension and Other Postretirement Benefit Plans."
[13]	Inventory - This amount adjusts inventory to fair value as of the Effective Date. Raw materials were valued at current replacement cost, work-in-process was valued at estimated finished goods selling price less estimated disposal costs, completion costs and a reasonable profit allowance for selling effort. Finished goods were valued at estimated selling price less estimated disposal costs and a reasonable profit allowance for selling effort.
[14]	Represents the adjustment of assets and liabilities to fair value, or other measurement as specified by ASC 805, in conjunction with the adoption of fresh-start accounting. Significant adjustments are summarized below. Elimination of Predecessor goodwill $ 1,203.7 Successor goodwill (see (8) above) (621.4 ) Elimination of Predecessor intangible assets 29.0 Successor intangible asset adjustment (f) (191.0 ) Defined benefit plans adjustment (g) (55.0 ) Inventory adjustment (h) (9.1 ) Property, plant and equipment adjustment (i) 4.7 Investments in non-consolidated affiliates adjustment (j) (8.7 ) Noncontrolling interests adjustment (j) 54.5 Elimination of Predecessor accumulated other comprehensive loss and other adjustments 120.0 Pretax loss on fresh-start accounting adjustments 526.7 Tax benefit related to fresh-start accounting adjustments (k) (22.0 ) Net loss on fresh-start accounting adjustments $ 504.7 (f) Intangible assets - This adjustment reflects the fair value of intangible assets determined as of the Effective Date. For further information on the valuation of intangible assets, see Note 4, "Summary of Significant Accounting Policies." (g) Defined benefit plans - This adjustment primarily reflects differences in assumptions, such as the expected return on plan assets and the weighted average discount rate related to the payment of benefit obligations, between the prior measurement date of December 31, 2008, and the Effective Date. For additional information on the Company's defined benefit plans, see Note 10, "Pension and Other Postretirement Benefit Plans." (h) Inventory - This amount adjusts inventory to fair value as of the Effective Date. Raw materials were valued at current replacement cost, work-in-process was valued at estimated finished goods selling price less estimated disposal costs, completion costs and a reasonable profit allowance for selling effort. Finished goods were valued at estimated selling price less estimated disposal costs and a reasonable profit allowance for selling effort. (i) Property, plant and equipment - This amount adjusts property, plant and equipment to fair value as of the Effective Date, giving consideration to the highest and best use of the assets. Fair value estimates were based on independent appraisals. Key assumptions used in the appraisals were based on a combination of income, market and cost approaches, as appropriate. (j) Investments in non-consolidated affiliates and noncontrolling interests - These amounts adjust investments in non-consolidated affiliates and noncontrolling interests to their estimated fair values. Estimated fair values were based on internal and external valuations using customary valuation methodologies, including comparable earnings multiples, discounted cash flows and negotiated transaction values. (k) Tax benefit - This amount reflects the tax benefits of $53.5 million related to the write-off of goodwill and other comprehensive loss, partially offset by the tax expense of $31.5 million related to the intangible asset and property, plant and equipment fair value adjustments. Tax expense related to the intangible asset and property, plant and equipment fair value adjustments was calculated by applying the appropriate tax rate, ranging from 0% to 35%, to the related adjustments in each jurisdiction.
[15]	Property, plant and equipment - This amount adjusts property, plant and equipment to fair value as of the Effective Date, giving consideration to the highest and best use of the assets. Fair value estimates were based on independent appraisals. Key assumptions used in the appraisals were based on a combination of income, market and cost approaches, as appropriate.
[16]	Investments in non-consolidated affiliates and noncontrolling interests - These amounts adjust investments in non-consolidated affiliates and noncontrolling interests to their estimated fair values. Estimated fair values were based on internal and external valuations using customary valuation methodologies, including comparable earnings multiples, discounted cash flows and negotiated transaction values.
[17]	Tax benefit - This amount reflects the tax benefits of $53.5 million related to the write-off of goodwill and other comprehensive loss, partially offset by the tax expense of $31.5 million related to the intangible asset and property, plant and equipment fair value adjustments. Tax expense related to the intangible asset and property, plant and equipment fair value adjustments was calculated by applying the appropriate tax rate, ranging from 0% to 35%, to the related adjustments in each jurisdiction.

Summary of Liabilities Subject to Compromise Reflected in the Predecessor Consolidated Balance Sheet (Detail) $ in Millions	Nov. 07, 2009 USD ($)
Debt subject to compromise
Liabilities subject to compromise	$ 3,635.6
Predecessor
Fresh-Start Adjustment [Line Items]
Short-term borrowings	2.1
Accounts payable and drafts	0.3
Accrued liabilities	80.6
Debt subject to compromise
Pre-petition primary credit facility	2,240.6
Accrued interest	61.5
Unamortized debt issuance costs	(37.1)
Liabilities subject to compromise	3,635.6
Predecessor \| 8.50% Senior Notes, due 2013
Debt subject to compromise
Senior notes	298.0
Predecessor \| 8.75% Senior Notes, due 2016
Debt subject to compromise
Senior notes	589.3
Predecessor \| 5.75% Senior Notes, due 2014
Debt subject to compromise
Senior notes	399.5
Predecessor \| Zero-coupon Convertible Senior Notes, due 2022
Debt subject to compromise
Senior notes	$ 0.8

Summary of Reorganization Items and Fresh-Start Accounting Adjustments (Detail) - Predecessor $ in Millions	10 Months Ended
	Nov. 07, 2009 USD ($)
Pretax reorganization items:
Professional fees	$ 26.9
Interest income	(0.2)
Incentive compensation expense	40.1
Unamortized debt issuance costs related to the repayment of debtor in possession financing	32.9
Gain on settlement of liabilities subject to compromise	(899.4)
Other	2.3
Reorganization items and fresh-start accounting adjustments	(797.4)
Pretax fresh-start accounting adjustments (see (9) above)	526.7
Reorganization items and fresh-start accounting adjustments, net	$ (270.7)

Summary of Significant Accounting Policies - Additional Information (Detail) $ in Millions	1 Months Ended		2 Months Ended	10 Months Ended	12 Months Ended
	Feb. 16, 2011	Nov. 10, 2010	Dec. 31, 2009 USD ($)	Nov. 07, 2009 USD ($)	Dec. 31, 2011 USD ($) Segment	Dec. 31, 2010 USD ($) shares
Significant Accounting Policies [Line Items]
Allowance for doubtful accounts					$ 30.7	$ 14.5
Reserve of inventory					86.1	83.5
Capitalized pre-production E&D costs					176.6	133.2
Capitalized pre-production tooling costs related to customer-owned tools					166.8	149.8
Cash collected related to E&D and tooling costs					325.8	243.3
Depreciation expense			$ 35.2		218.3	208.7
New product development costs			$ 11.8		110.7	81.4
Fixed asset impairment charges					$ 2.2	$ 7.2
Average participating securities \| shares						3,544,837
Preferred shares converted in to common stock shares \| shares						7,089,674
Stock split ratio	2	2	2			2
Reportable operating segments \| Segment					2
Other
Significant Accounting Policies [Line Items]
Fixed asset impairment charges					$ 1.2	$ 3.6
Maximum
Significant Accounting Policies [Line Items]
Cash equivalents maturity period					90 days
Restructuring Charges
Significant Accounting Policies [Line Items]
Fixed asset impairment charges					$ 1.0	$ 3.6
Predecessor
Significant Accounting Policies [Line Items]
Depreciation expense				$ 219.9
New product development costs				71.6
Goodwill impairment charges				319.0
Fixed asset impairment charges				5.6
Predecessor \| Restructuring Charges
Significant Accounting Policies [Line Items]
Fixed asset impairment charges				5.6
Predecessor \| EPMS
Significant Accounting Policies [Line Items]
Goodwill impairment charges				$ 319.0

Summary of Inventories (Detail) - USD ($) $ in Millions	Dec. 31, 2011	Dec. 31, 2010
Inventory Disclosure [Line Items]
Raw materials	$ 520.1	$ 448.6
Work-in-process	36.0	32.9
Finished goods	81.7	72.7
Inventories	$ 637.8	$ 554.2

Classification of Recoverable Customer Engineering, Development and Tooling Costs related to Long-Term Supply Agreements (Detail) - USD ($) $ in Millions	Dec. 31, 2011	Dec. 31, 2010
Pre Production Costs Related to Long Term Supply Arrangements [Line Items]
Current	$ 96.0	$ 77.9
Long-term	64.2	75.3
Recoverable customer engineering, development and tooling	$ 160.2	$ 153.2

Estimated Useful Lives of Property Plant and Equipment (Detail)	12 Months Ended
	Dec. 31, 2011 Year
Building and improvements
Property, Plant and Equipment [Line Items]
Property plant and equipment useful life	10
Property plant and equipment useful life	40
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property plant and equipment useful life	5
Property plant and equipment useful life	10

Summary of Property, Plant and Equipment (Detail) - USD ($) $ in Millions	Dec. 31, 2011	Dec. 31, 2010
Property, Plant and Equipment [Line Items]
Land	$ 106.1	$ 106.0
Buildings and improvements	406.1	360.6
Machinery and equipment	988.6	761.8
Construction in progress	3.3	5.7
Total property, plant and equipment	1,504.1	1,234.1
Less - accumulated depreciation	(432.1)	(239.4)
Net property, plant and equipment	$ 1,072.0	$ 994.7

The cumulative amount of depreciation, depletion and amortization (related to property, plant and equipment, but not including land) that has been recognized in the income statement.

Summary of the Changes in the Carrying Amount of Goodwill (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010
Goodwill [Line Items]
Beginning balance	$ 614.6	$ 621.4
Acquisition	15.0
Foreign currency translation and other	(1.0)	(6.8)
Ending balance	628.6	614.6
Seating
Goodwill [Line Items]
Beginning balance	614.6	621.4
Acquisition	15.0
Foreign currency translation and other	(1.0)	(6.8)
Ending balance	$ 628.6	$ 614.6

Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 45
-Subparagraph e
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 43
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 68
-Subparagraph l
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6388280&loc=d3e13770-109266

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6905597&loc=d3e13816-109267

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 72
-Subparagraph d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 45
-Subparagraph e
-Clause 1
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 34
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]

Summary of Intangible Assets (Detail) $ in Millions	12 Months Ended
Summary of Intangible Assets (Detail) $ in Millions	Dec. 31, 2011 USD ($) Year	Dec. 31, 2010 USD ($) Year
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 202.7	$ 198.1
Accumulated Amortization	(60.4)	(32.7)
Net Carrying Value	$ 142.3	$ 165.4
Weighted Average Useful Life (years) \| Year	7.1	7.1
Technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 20.1	$ 20.0
Accumulated Amortization	(5.6)	(3.0)
Net Carrying Value	$ 14.5	$ 17.0
Weighted Average Useful Life (years) \| Year	7.7	7.7
Customer-based
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 182.6	$ 178.1
Accumulated Amortization	(54.8)	(29.7)
Net Carrying Value	$ 127.8	$ 148.4
Weighted Average Useful Life (years) \| Year	7.0	7.0

Estimated Annual Amortization Expense (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2011 USD ($)
Expected Amortization Expense [Line Items]
2012	$ 29.0
2013	29.0
2014	29.0
2015	29.0
2016	$ 24.6

Summary of Other (Income) Expense, Net (Detail) - USD ($) $ in Millions	2 Months Ended	10 Months Ended	12 Months Ended
	Dec. 31, 2009	Nov. 07, 2009	Dec. 31, 2011	Dec. 31, 2010
Components of Other Income (Expense) [Line Items]
Other expense	$ 20.2		$ 27.8	$ 37.2
Other income	(0.4)		(3.6)	(3.0)
Other (income) expense, net	$ 19.8		$ 24.2	$ 34.2
Predecessor
Components of Other Income (Expense) [Line Items]
Other expense		$ 30.2
Other income		(46.8)
Other (income) expense, net		$ (16.6)

Summary of Information Used to Compute Basic Net Income (Loss) Per Share Attributable to Lear (Detail) - USD ($)
$ / shares in Units, $ in Millions

2 Months Ended

3 Months Ended

10 Months Ended

12 Months Ended

Dec. 31, 2009

Dec. 31, 2011

Oct. 01, 2011

Jul. 02, 2011

Apr. 02, 2011

Dec. 31, 2010

Oct. 02, 2010

Jul. 03, 2010

Apr. 03, 2010

Nov. 07, 2009

Dec. 31, 2011

Dec. 31, 2010

Less: Undistributed earnings allocated to participating securities

$ (3.8)

$ 106.5

$ 100.7

$ 177.5

$ 156.0

$ 117.1

$ 95.3

$ 159.8

$ 66.1

$ 540.7

$ 438.3

(30.5)

Net income (loss) available to Lear common shareholders

$ (3.8)

$ 540.7

$ 407.8

Basic net income (loss) per share attributable to Lear

^[1]

69,050,374

103,750,223

94,814,044

$ (0.06)

^[1],[2]

$ 1.05

$ 0.97

$ 1.70

$ 1.48

$ 1.12

$ 0.92

$ 1.58

$ 0.68

$ 5.21

^[1],[2]

$ 4.30

^[1],[2]

Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]

Net income (loss) available to Lear common shareholders

$ (385.9)

$ (385.9)

Basic net income (loss) per share attributable to Lear

^[1]

77,499,860

^[1],[2]

$ (4.98)

[1]	Share and per share data for the year ended December 31, 2010, and the 2009 Successor Period has been retroactively adjusted to reflect the two-for-one stock split described in Note 11, "Capital Stock and Equity."
[2]	Per share data for the year ended December 31, 2010, and the 2009 Successor Period has been retroactively adjusted to reflect the two-for-one stock split described in Note 11, "Capital Stock and Equity," to these consolidated financial statements.

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 36, 37, 38
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Article 5
-Section 03
-Paragraph 20

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 7
-Paragraph 18

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 21
-Article 9

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.21)
-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1252-109256

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=6945512&loc=d3e4984-109258

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04.23)
-URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.19)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 87-21
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 10, 15
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 28, 29, 30
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Article 5
-Section 03
-Paragraph 19

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 20
-Article 9

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Net Income
-URI http://asc.fasb.org/extlink&oid=6518256

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Other Comprehensive Income
-URI http://asc.fasb.org/extlink&oid=6519514

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.18)
-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.19)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e565-108580

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.22)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph A7
-Appendix A

Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 171
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 8
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1448-109256

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Weighted-Average Number of Common Shares Outstanding
-URI http://asc.fasb.org/extlink&oid=6528421

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]

Summary of Information Used to Compute Diluted Net Income (Loss) Per Share Attributable To Lear (Detail) - USD ($)
$ / shares in Units, $ in Millions

2 Months Ended

3 Months Ended

10 Months Ended

12 Months Ended

Dec. 31, 2009

Dec. 31, 2011

Oct. 01, 2011

Jul. 02, 2011

Apr. 02, 2011

Dec. 31, 2010

Oct. 02, 2010

Jul. 03, 2010

Apr. 03, 2010

Nov. 07, 2009

Dec. 31, 2011

Dec. 31, 2010

$ (3.8)

$ 106.5

$ 100.7

$ 177.5

$ 156.0

$ 117.1

$ 95.3

$ 159.8

$ 66.1

$ 540.7

$ 438.3

Dilutive effect of common stock equivalents

^[1]

69,050,374

103,750,223

94,814,044

^[1]

2,594,144

13,308,106

Average diluted shares outstanding

^[1]

69,050,374

106,344,367

108,122,150

Diluted net income (loss) per share attributable to Lear

$ (0.06)

^[1],[2]

$ 1.03

$ 0.95

$ 1.65

$ 1.44

$ 1.08

$ 0.88

$ 1.48

$ 0.61

$ 5.08

^[1],[2]

$ 4.05

^[1],[2]

Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]

$ (385.9)

Average diluted shares outstanding

^[1]

77,499,860

^[1]

77,499,860

Diluted net income (loss) per share attributable to Lear

^[1],[2]

$ (4.98)

[1]	Share and per share data for the year ended December 31, 2010, and the 2009 Successor Period has been retroactively adjusted to reflect the two-for-one stock split described in Note 11, "Capital Stock and Equity."
[2]	Per share data for the year ended December 31, 2010, and the 2009 Successor Period has been retroactively adjusted to reflect the two-for-one stock split described in Note 11, "Capital Stock and Equity," to these consolidated financial statements.

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.

Shares of preferred stock

Summary of Antidilutive Common Stock Equivalents (Detail) - $ / shares

2 Months Ended

10 Months Ended

Dec. 31, 2009

Nov. 07, 2009

Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]

Antidilutive securities excluded from computation of earnings per share, amount

^[1]

9,881,303

Warrants

Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]

Antidilutive securities excluded from computation of earnings per share, amount

^[1]

6,377,068

Restricted stock units

Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]

Antidilutive securities excluded from computation of earnings per share, amount

2,603,226

Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]

Antidilutive securities excluded from computation of earnings per share, minimum amount

$ 22.12

Antidilutive securities excluded from computation of earnings per share, maximum amount

$ 55.33

Predecessor | Restricted stock units

Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]

Antidilutive securities excluded from computation of earnings per share, amount

507,139

Predecessor | Performance units

Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]

Antidilutive securities excluded from computation of earnings per share, amount

84,709

Predecessor | Stock appreciation rights

Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]

Antidilutive securities excluded from computation of earnings per share, amount

1,875,807

Predecessor | Options

Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]

Antidilutive securities excluded from computation of earnings per share, amount

952,350

Predecessor | Exercise prices

Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]

Antidilutive securities excluded from computation of earnings per share, minimum amount

$ 22.12

Antidilutive securities excluded from computation of earnings per share, maximum amount

$ 55.33

[1]

The number of shares of preferred stock and warrants outstanding were unaffected by the two-for-one stock split described in Note 11, "Capital Stock and Equity;" however, the number of shares of common stock issued upon conversion or exercise of each share of preferred stock or warrant would reflect the impact of the two-for-one stock split.

Restructuring Activities - Additional Information (Detail) - USD ($) $ in Millions	2 Months Ended	10 Months Ended	12 Months Ended		84 Months Ended
	Dec. 31, 2009	Nov. 07, 2009	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2011
Restructuring Cost and Reserve [Line Items]
Restructuring charges					$ 804.3
Restructuring reserve period expense	$ 43.5
Cost of sales	1,508.1		$ 12,963.3	$ 10,936.3
Selling, general and administrative expenses	71.2		485.6	452.7
Other (income) expense, net	19.8		24.2	34.2
Asset impairment charges			1.0	3.6
Restructuring reserve period expense			17.1	3.0
Restructuring Charges
Restructuring Cost and Reserve [Line Items]
Restructuring reserve period expense	43.5		68.2	63.9
Cost of sales	36.6		64.3	56.9
Selling, general and administrative expenses	6.6		4.5	7.0
Other (income) expense, net	0.3		(0.6)
Expected restructuring cost			10.7
Employee termination benefits
Restructuring Cost and Reserve [Line Items]
Restructuring reserve period expense	44.5		44.5	51.0
Intangible asset and property, plant and equipment fair value adjustments
Restructuring Cost and Reserve [Line Items]
Restructuring reserve period expense			1.0	3.6
Contract termination costs
Restructuring Cost and Reserve [Line Items]
Restructuring reserve period expense			19.6	3.4
Contract termination costs \| Pension and other postretirement benefit plan
Restructuring Cost and Reserve [Line Items]
Restructuring reserve period expense			17.1	3.0
Contract termination costs \| Other Various Contract Termination Costs
Restructuring Cost and Reserve [Line Items]
Restructuring reserve period expense			2.5	0.4
Other related costs
Restructuring Cost and Reserve [Line Items]
Restructuring reserve period expense	$ (1.0)		$ 3.1	$ 5.9
Predecessor
Restructuring Cost and Reserve [Line Items]
Cost of sales		$ 7,871.3
Selling, general and administrative expenses		376.7
Other (income) expense, net		(16.6)
Reorganization items and fresh-start accounting adjustments		(797.4)
Asset impairment charges		5.6
Restructuring reserve period expense		9.4
Predecessor \| Restructuring Charges
Restructuring Cost and Reserve [Line Items]
Restructuring reserve period expense		100.4
Cost of sales		96.0
Selling, general and administrative expenses		8.8
Other (income) expense, net		(0.5)
Reorganization items and fresh-start accounting adjustments		(3.9)
Predecessor \| Employee termination benefits
Restructuring Cost and Reserve [Line Items]
Restructuring reserve period expense		77.9
Predecessor \| Intangible asset and property, plant and equipment fair value adjustments
Restructuring Cost and Reserve [Line Items]
Restructuring reserve period expense		5.6
Predecessor \| Contract termination costs
Restructuring Cost and Reserve [Line Items]
Restructuring reserve period expense		6.6
Predecessor \| Contract termination costs \| Pension and other postretirement benefit plan
Restructuring Cost and Reserve [Line Items]
Restructuring reserve period expense		9.4
Predecessor \| Contract termination costs \| Other Various Contract Termination Costs
Restructuring Cost and Reserve [Line Items]
Restructuring reserve period expense		(2.8)
Predecessor \| Other related costs
Restructuring Cost and Reserve [Line Items]
Restructuring reserve period expense		$ 10.3

Summary of Restructuring Activities (Detail) - USD ($) $ in Millions	2 Months Ended	10 Months Ended	12 Months Ended
	Dec. 31, 2009	Nov. 07, 2009	Dec. 31, 2011	Dec. 31, 2010
Restructuring Cost and Reserve [Line Items]
Accrual as of beginning of period	$ 52.5			$ 83.1
Current year charges	43.5
Utilization Cash	(12.9)
Accrual as of end of period	83.1	$ 52.5
Employee termination benefits
Restructuring Cost and Reserve [Line Items]
Accrual as of beginning of period	48.2			79.8
Current year charges	44.5		$ 44.5	51.0
Utilization Cash	(12.9)
Accrual as of end of period	79.8	48.2
Intangible asset and property, plant and equipment fair value adjustments
Restructuring Cost and Reserve [Line Items]
Current year charges			1.0	3.6
Contract termination costs
Restructuring Cost and Reserve [Line Items]
Accrual as of beginning of period	3.3			3.3
Current year charges			19.6	3.4
Accrual as of end of period	3.3	3.3
Other related costs
Restructuring Cost and Reserve [Line Items]
Accrual as of beginning of period	1.0
Current year charges	(1.0)		3.1	5.9
Accrual as of end of period		1.0
Restructuring Charges Excluding Pension OPEB Charges
Restructuring Cost and Reserve [Line Items]
Accrual as of beginning of period			42.1	83.1
Current year charges			51.1	60.9
Utilization Cash			(29.7)	(98.3)
Utilization Non-cash			(1.0)	(3.6)
Accrual as of end of period	83.1		62.5	42.1
Restructuring Charges Excluding Pension OPEB Charges \| Employee termination benefits
Restructuring Cost and Reserve [Line Items]
Accrual as of beginning of period			38.4	79.8
Current year charges			44.5	51.0
Utilization Cash			(26.1)	(92.4)
Accrual as of end of period	79.8		56.8	38.4
Restructuring Charges Excluding Pension OPEB Charges \| Intangible asset and property, plant and equipment fair value adjustments
Restructuring Cost and Reserve [Line Items]
Current year charges			1.0	3.6
Utilization Non-cash			(1.0)	(3.6)
Restructuring Charges Excluding Pension OPEB Charges \| Contract termination costs
Restructuring Cost and Reserve [Line Items]
Accrual as of beginning of period			3.7	3.3
Current year charges			2.5	0.4
Utilization Cash			(0.5)
Accrual as of end of period	3.3		5.7	3.7
Restructuring Charges Excluding Pension OPEB Charges \| Other related costs
Restructuring Cost and Reserve [Line Items]
Current year charges			3.1	5.9
Utilization Cash			$ (3.1)	$ (5.9)
Predecessor \| Employee termination benefits
Restructuring Cost and Reserve [Line Items]
Current year charges		77.9
Predecessor \| Intangible asset and property, plant and equipment fair value adjustments
Restructuring Cost and Reserve [Line Items]
Current year charges		5.6
Predecessor \| Contract termination costs
Restructuring Cost and Reserve [Line Items]
Current year charges		6.6
Predecessor \| Other related costs
Restructuring Cost and Reserve [Line Items]
Current year charges		10.3
Predecessor \| Restructuring Charges Excluding Pension OPEB Charges
Restructuring Cost and Reserve [Line Items]
Accrual as of beginning of period	52.5	80.6
Current year charges		91.0
Utilization Cash		(118.9)
Utilization Non-cash		(0.2)
Accrual as of end of period		52.5
Predecessor \| Restructuring Charges Excluding Pension OPEB Charges \| Employee termination benefits
Restructuring Cost and Reserve [Line Items]
Accrual as of beginning of period	48.2	73.1
Current year charges		77.9
Utilization Cash		(102.8)
Accrual as of end of period		48.2
Predecessor \| Restructuring Charges Excluding Pension OPEB Charges \| Intangible asset and property, plant and equipment fair value adjustments
Restructuring Cost and Reserve [Line Items]
Current year charges		5.6
Utilization Non-cash		(5.6)
Predecessor \| Restructuring Charges Excluding Pension OPEB Charges \| Contract termination costs
Restructuring Cost and Reserve [Line Items]
Accrual as of beginning of period	3.3	7.5
Current year charges		(2.8)
Utilization Cash		(1.4)
Accrual as of end of period		3.3
Predecessor \| Restructuring Charges Excluding Pension OPEB Charges \| Other related costs
Restructuring Cost and Reserve [Line Items]
Accrual as of beginning of period	$ 1.0
Current year charges		10.3
Utilization Cash		(14.7)
Utilization Non-cash		5.4
Accrual as of end of period		$ 1.0

Beneficial Ownership in Affiliates Accounted for Under the Equity Method (Detail)	Dec. 31, 2011	Dec. 31, 2010	Nov. 30, 2010	Dec. 31, 2009	Mar. 31, 2009
Shanghai Lear STEC Automotive Parts Co., Ltd. (China)
Schedule of Equity Method Investments [Line Items]
Ownership percentage of affiliates	55.00%	55.00%		55.00%
Industrias Cousin Freres, S.L. (Spain)
Schedule of Equity Method Investments [Line Items]
Ownership percentage of affiliates	50.00%	50.00%		50.00%
Lear Dongfeng Automotive Seating Co., Ltd. (China)
Schedule of Equity Method Investments [Line Items]
Ownership percentage of affiliates	50.00%	50.00%		50.00%
Dong Kwang Lear Yuhan Hoesa (Korea)
Schedule of Equity Method Investments [Line Items]
Ownership percentage of affiliates	50.00%	50.00%		50.00%
Jiangxi Jiangling Lear Interior Systems Co., Ltd. (China)
Schedule of Equity Method Investments [Line Items]
Ownership percentage of affiliates	50.00%	50.00%		50.00%
Beijing BAI Lear Automotive Systems Co., Ltd. (China)
Schedule of Equity Method Investments [Line Items]
Ownership percentage of affiliates	50.00%	50.00%		50.00%
Beijing Lear Automotive Electronics and Electrical Products Co., Ltd. (China)
Schedule of Equity Method Investments [Line Items]
Ownership percentage of affiliates	50.00%	50.00%		50.00%
Changchun Lear FAW Sihuan Automotive Electrical and Electronics Co., Ltd. (China)
Schedule of Equity Method Investments [Line Items]
Ownership percentage of affiliates	49.00%	49.00%
Changchun Lear FAW Sihuan Automotive Seat Systems Co., Ltd. (China)
Schedule of Equity Method Investments [Line Items]
Ownership percentage of affiliates	49.00%
Honduras Electrical Distribution Systems S. de R.L. de C.V. (Honduras)
Schedule of Equity Method Investments [Line Items]
Ownership percentage of affiliates	49.00%	49.00%		49.00%
Kyungshin-Lear Sales and Engineering LLC
Schedule of Equity Method Investments [Line Items]
Ownership percentage of affiliates	49.00%	49.00%		49.00%
Tacle Seating USA, LLC
Schedule of Equity Method Investments [Line Items]
Ownership percentage of affiliates	49.00%	49.00%		49.00%
Beijing Lear Dymos Automotive Systems Co., Ltd. (China)
Schedule of Equity Method Investments [Line Items]
Ownership percentage of affiliates	40.00%	40.00%		40.00%
Dymos Lear Automotive India Private Limited (India)
Schedule of Equity Method Investments [Line Items]
Ownership percentage of affiliates	35.00%	35.00%		35.00%
International Automotive Components Group North America, LLC
Schedule of Equity Method Investments [Line Items]
Ownership percentage of affiliates	23.00%	22.88%	18.75%	19.00%
International Automotive Components Group, LLC (Europe)
Schedule of Equity Method Investments [Line Items]
Ownership percentage of affiliates			30.00%	30.45%
TS Lear Automotive Sdn Bhd. (Malaysia)
Schedule of Equity Method Investments [Line Items]
Ownership percentage of affiliates	90.00%	46.00%		46.00%
Furukawa Lear Corporation
Schedule of Equity Method Investments [Line Items]
Ownership percentage of affiliates				20.00%	80.00%
UPM S.r.L. (Italy)
Schedule of Equity Method Investments [Line Items]
Ownership percentage of affiliates				39.00%

Summarized Group Financial Information for Affiliates Accounted for Under the Equity Method (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Schedule of Equity Method Investments [Line Items]
Current assets	$ 1,561.6	$ 1,284.0
Non-current assets	1,004.9	854.7
Current liabilities	1,303.9	1,087.7
Non-current liabilities	649.9	258.7
Net sales	5,754.5	4,933.7	$ 3,199.9
Gross profit	466.6	400.3	171.8
Income (loss) before provision for income taxes	91.5	171.9	(76.4)
Net income (loss) attributable to affiliates	$ 56.7	$ 146.2	$ (76.5)

The amount of current assets reported by an equity method investment of the entity.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 159
-Paragraph 18
-Subparagraph f
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 18
-Paragraph 20
-Subparagraph d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph bb
-Article 1

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph w
-Article 1

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Article 4
-Section 08
-Paragraph g
-Subparagraph 1, 2

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14064-108612

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(g))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33912-111571

The amount of current liabilities reported by an equity method investment of the entity.

The amount of gross profit (loss) reported by an equity method investment of the entity.

The amount of net income (loss) reported by an equity method investment of the entity.

The amount of noncurrent assets reported by an equity method investment of the entity.

The amount of noncurrent liabilities reported by an equity method investment of the entity.

Purchases from affiliates

Investments in Affiliates and Other Related Party Transactions - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2010 USD ($) Entity	Dec. 31, 2009 USD ($)	Dec. 31, 2011 USD ($)	Mar. 31, 2011	Nov. 30, 2010	Mar. 31, 2009
Related Party Transaction [Line Items]
Investment in Affiliates	$ 172.9		$ 148.2
Due From Affiliates	30.6		38.9
Due to Affiliates	$ 25.8		$ 27.2
Number of company's affiliates accounted for under the equity method that were combined \| Entity	2
Tacle Seating USA, LLC
Related Party Transaction [Line Items]
Percentage of Debt Guaranteed			49.00%
Amount of Debt Guaranteed			$ 1.4
Equity method investment ownership interest	49.00%	49.00%	49.00%
TS Lear Automotive Sdn Bhd. (Malaysia)
Related Party Transaction [Line Items]
Equity method investment ownership interest acquired				44.00%
Equity method investment ownership interest	46.00%	46.00%	90.00%
International Automotive Components Group, LLC (Europe)
Related Party Transaction [Line Items]
Equity method investment ownership interest		30.45%			30.00%
Impairment charges related to investment		$ 26.6
International Automotive Components Group North America, LLC
Related Party Transaction [Line Items]
Equity method investment ownership interest	22.88%	19.00%	23.00%		18.75%
Furukawa Lear Corporation
Related Party Transaction [Line Items]
Equity method investment ownership interest		20.00%				80.00%
Proceeds from sale of equity investments	$ 2.1
Gain on sale of equity investment	$ 1.8
Nanjing Lear Xindi Automotive Interiors Systems Co, Ltd
Related Party Transaction [Line Items]
Proceeds from sale of equity investments		$ 0.7
Gain on sale of equity investment		0.7
Other Affiliates
Related Party Transaction [Line Items]
Impairment charges related to investment		$ 15.4

Summary of Transaction with Affiliates and other Related Parties (Detail) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2011

Dec. 31, 2010

Dec. 31, 2009

Sales to affiliates

$ 96.2

$ 81.0

$ 76.3

160.4

150.7

121.5

Management and other fees for services provided to affiliates

13.8

11.1

7.1

Dividends received from affiliates

43.6

7.4

5.3

Purchases from other related parties

^[1]

$ 2.5

$ 2.2

$ 2.3

[1]

Summary of Transaction with Affiliates and other Related Parties (Parenthetical) (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
CB Richard Ellis
Related Party Transaction [Line Items]
Purchases from other related parties	$ 2.5	$ 2.2	$ 2.3

Short-Term Borrowings - Additional Information (Detail) - Other Short-Term Borrowings - USD ($) $ in Millions	Dec. 31, 2011	Dec. 31, 2010
Short-term Debt [Line Items]
Line of credit facility borrowing capacity	$ 6.3	$ 27.8
Line of credit facility amount outstanding	0.0	0.0
Available line of credit facility	$ 6.3	$ 27.8

Summary of Long-Term Debt and the Related Weighted Average Interest Rates (Detail) - USD ($) $ in Millions	Dec. 31, 2011	Dec. 31, 2010	Mar. 26, 2010
Debt Instrument [Line Items]
Long-term debt	$ 695.4	$ 694.9
7.875% Senior Notes due 2018
Debt Instrument [Line Items]
Long-term debt	$ 347.9	$ 347.7
Weighted Average Interest Rate	8.00%	8.00%	8.00%
8.125% Senior Notes due 2020
Debt Instrument [Line Items]
Long-term debt	$ 347.5	$ 347.2
Weighted Average Interest Rate	8.25%	8.25%	8.25%

Summary of Long-Term Debt and the Related Weighted Average Interest Rates (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Mar. 26, 2010
7.875% Senior Notes due 2018
Debt Instrument [Line Items]
Long-term debt, stated coupon rate	7.875%	7.875%	7.875%
Long-term debt, maturity date	Mar. 15, 2018	Mar. 15, 2018
8.125% Senior Notes due 2020
Debt Instrument [Line Items]
Long-term debt, stated coupon rate	8.125%	8.125%	8.125%
Long-term debt, maturity date	Mar. 15, 2020	Mar. 15, 2020

Long-Term Debt - Additional Information (Detail) - USD ($)
$ in Millions

1 Months Ended

3 Months Ended

12 Months Ended

Sep. 15, 2010

Mar. 26, 2010

Aug. 04, 2009

Jul. 02, 2011

Dec. 31, 2011

Dec. 31, 2010

Mar. 19, 2010

Nov. 09, 2009

Nov. 07, 2009

Jul. 06, 2009

First and second lien credit agreements, repayment

Notes issued date

March 26, 2010

$ 925.0

Notes, payment terms

Interest is payable on the Notes on March 15 and September 15 of each year, beginning September 15, 2010.

Notes, date of first required interest payment

September 15, 2010

Senior notes, redemption description

Description of Notes restrictive covenants

Compliance with covenants under Notes

As of December 31, 2011, the Company was in compliance with all covenants under the indenture governing the Notes.

Senior unsecured notes, redemption price

101.00%

Loss on the extinguishment of debt

$ 500.0

(11.8)

Bankruptcy Court entered an order approving the DIP Agreement,

Aug. 04, 2009

Debtor-in-possession financing received

$ 500.0

Fees and expenses related to available debtor-in-possession financing

$ 36.7

$ 4.8

17.6

Additional non-cash borrowings

$ 63.6

First lien credit agreement, gross

$ 500.0

Second lien credit agreement

550.0

^[1]

Series A Preferred Stock

450.0

^[1]

First lien credit agreement

$ 375.0

375.0

Percentage of common stock

35.50%

Lender under the pre-petition primary credit facility received its pro rata share

$ 100.0

Term loan facility

1,000.0

Percentage of common stock outstanding distributed to lenders under the prepetition senior notes

64.50%

Prior Senior Secured Credit Facility

Line of credit facility, expiration date

Mar. 18, 2013

Revolving Credit Facility

$ 110.0

Line of credit facility, expiration date

Jun. 17, 2016

Line of credit facility, covenants and restrictions

$ 500.0

Borrowings outstanding

$ 0.0

Line of credit facility, compliance with covenants

As of December 31, 2011, the Company was in compliance with all covenants under the agreement governing the Amended and Restated Credit Agreement.

Revolving Credit Facility | Minimum

Line of credit facility, facility fee

0.375%

Revolving Credit Facility | Maximum

Line of credit facility, facility fee

0.50%

Revolving Credit Facility | Eurocurrency Rate

Minimum interest rate margin

1.375%

Maximum interest rate margin

3.00%

Line of credit facility, interest rate at period end

2.25%

Revolving Credit Facility | Adjusted Base Rate

Minimum interest rate margin

0.375%

Maximum interest rate margin

2.00%

Line of credit facility, interest rate at period end

1.25%

Revolving Credit Facility | Domestic Subsidiaries

Percentage of stock secured on a first priority basis

100.00%

Revolving Credit Facility | Foreign Subsidiaries

Percentage of stock secured on a first priority basis

65.00%

Revolving loan facility

7.875% Senior Notes due 2018

$ 1,300.0

Long-term debt, aggregate principal amount

$ 350.0

Long-term debt, yield to maturity

7.875%

Long-term debt, price

99.276%

8.00%

7.875% Senior Notes due 2018 | Prior to March 15, 2013

Senior notes, redeemable percentage of the aggregate principal amount of the Notes

107.875%

35.00%

Outstanding original aggregate principal amount

65.00%

7.875% Senior Notes due 2018 | Prior to March 15, 2014

Senior notes, redeemable percentage of the aggregate principal amount of the Notes

100.00%

10.00%

Senior unsecured notes, redemption price

103.00%

8.125% Senior Notes due 2020

Long-term debt, aggregate principal amount

$ 350.0

Long-term debt, yield to maturity

8.125%

Long-term debt, price

99.164%

8.25%

8.125% Senior Notes due 2020 | Prior to March 15, 2013

Senior notes, redeemable percentage of the aggregate principal amount of the Notes

108.125%

35.00%

Outstanding original aggregate principal amount

65.00%

8.125% Senior Notes due 2020 | Prior to March 15, 2015

Senior notes, redeemable percentage of the aggregate principal amount of the Notes

100.00%

10.00%

Senior unsecured notes, redemption price

103.00%

Semi Annual Payment, Second Payment

Notes interest payable date

March 15

Semi Annual Payment, First Payment

Notes interest payable date

September 15

8.50% Senior Notes, due 2013

8.50%

8.75% Senior Notes, due 2016

2013

8.75%

5.75% Senior Notes, due 2014

2016

5.75%

Zero-coupon Convertible Senior Notes, due 2022

2014

0.00%

Reconciliation of Statutory Federal Tax Rate [Line Items]

2022

[1]	After giving effect to the Excess Cash Paydown.

Redemption Prices (Detail)	Dec. 31, 2011
7.875% Senior Notes due 2018
Debt Instrument [Line Items]
2014	103.938%
2015	101.969%
2016	100.00%
2017	100.00%
2018 and thereafter	100.00%
8.125% Senior Notes due 2020
Debt Instrument [Line Items]
2015	104.063%
2016	102.708%
2017	101.354%
2018 and thereafter	100.00%

Summary of Consolidated Income (Loss) Before Provision (Benefit) for Income Taxes and Equity in Net (Income) Loss of Affiliates and the Components of Provision (Benefit) for Income Taxes (Detail) - USD ($) $ in Millions	2 Months Ended	10 Months Ended	12 Months Ended
	Dec. 31, 2009	Nov. 07, 2009	Dec. 31, 2011	Dec. 31, 2010
Consolidated income (loss) before provision (benefit) for income taxes and equity in net (income) loss of affiliates:
Domestic	$ (98.0)		$ 257.4	$ 195.8
Foreign	64.2		358.3	253.0
Consolidated income (loss) before provision (benefit) for income taxes and equity in net (income) loss of affiliates	(33.8)		615.7	448.8
Domestic provision (benefit) for income taxes:
Current provision (benefit)	(0.1)		21.8	13.6
Deferred provision	0.7		0.4	4.5
Total domestic provision (benefit)	0.6		22.2	18.1
Foreign provision (benefit) for income taxes:
Current provision (benefit)	(21.7)		102.8	21.9
Deferred provision (benefit)	(3.1)		(56.2)	(15.4)
Total foreign provision (benefit)	(24.8)		46.6	6.5
Provision (benefit) for income taxes	$ (24.2)		$ 68.8	$ 24.6
Predecessor
Consolidated income (loss) before provision (benefit) for income taxes and equity in net (income) loss of affiliates:
Domestic		$ (117.1)
Foreign		(159.4)
Consolidated income (loss) before provision (benefit) for income taxes and equity in net (income) loss of affiliates		(276.5)
Domestic provision (benefit) for income taxes:
Current provision (benefit)		(38.8)
Deferred provision		0.9
Total domestic provision (benefit)		(37.9)
Foreign provision (benefit) for income taxes:
Current provision (benefit)		35.8
Deferred provision (benefit)		31.3
Total foreign provision (benefit)		67.1
Provision (benefit) for income taxes		$ 29.2

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	2 Months Ended	10 Months Ended	12 Months Ended
	Dec. 31, 2009	Nov. 07, 2009	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2008
Income Taxes [Line Items]
Unrecognized net operating loss carryforwards, domestic			$ 87.8	$ 90.3
Unrecognized net operating loss carryforwards, foreign			$ 14.8	$ 9.2
U.S. federal statutory income tax rate	35.00%		35.00%	35.00%
Foreign jurisdictions income with tax holidays	$ 9.8		$ 115.8	$ 164.4
Unrecognized tax benefits, interest and penalties			11.8	10.7
Unrecognized income tax benefits that, if recognized, would affect the effective tax rates , interest and penalties			9.8	8.7
Net tax (benefit) expense, changes in reserves for interest and penalties	(4.8)		1.4	(12.1)
Undistributed earnings on which deferred tax liability is not provided			658.8
Unrecognized income tax benefits that, if recognized, would affect the effective tax rate			49.4	36.2
Decrease in unrecognized tax benefits, reasonably possible during the next twelve months			$ 17.8
Research & Development tax credit, available period to be carried forward			20 years
Tax loss carryforwards			$ 2,600.0
Tax loss carryforwards with no expiration date			1,600.0
Tax loss carryforwards with expiration date			$ 1,000.0
Tax loss carryforwards expiration dates			Expires from 2012 through 2031
Tax credit carryforwards			$ 334.8	252.6
Tax credit carryforwards expiration dates			Expire between 2012 and 2031
Unrecognized tax benefits	$ 63.8	$ 93.2	$ 49.4	36.2
Accrued Liabilities
Income Taxes [Line Items]
Unrecognized tax benefits			$ 17.8	$ 11.7
Predecessor
Income Taxes [Line Items]
U.S. federal statutory income tax rate		35.00%
Foreign jurisdictions income with tax holidays		$ 99.8
Net tax (benefit) expense, changes in reserves for interest and penalties		(3.2)
Unrecognized tax benefits		$ 93.2			$ 99.8

Summary of Difference Between Provision (Benefit) for Income Taxes Calculated at the United States Federal Statutory Income Tax Rate and the Consolidated Provision (Benefit) for Income Taxes (Detail) - USD ($)
$ in Millions

2 Months Ended

10 Months Ended

12 Months Ended

Dec. 31, 2009

Nov. 07, 2009

Dec. 31, 2011

Dec. 31, 2010

Consolidated income (loss) before provision (benefit) for income taxes and equity in net (income) loss of affiliates multiplied by the United States federal statutory income tax rate

$ (11.8)

$ 215.5

$ 157.1

Differences in income taxes on foreign earnings, losses and remittances

(5.2)

(37.4)

(35.4)

Valuation allowance adjustments

54.8

(60.8)

(56.2)

Tax credits

(30.7)

(19.1)

Tax audits and assessments

(27.6)

17.6

(30.8)

Increase in tax loss carryforwards

^[1]

(22.4)

(268.1)

Increase in valuation allowance related to tax loss carryforwards

^[1]

22.4

268.1

(34.4)

(35.4)

9.0

$ (24.2)

$ 68.8

$ 24.6

Reconciliation of Statutory Federal Tax Rate [Line Items]

Consolidated income (loss) before provision (benefit) for income taxes and equity in net (income) loss of affiliates multiplied by the United States federal statutory income tax rate

$ (96.8)

Differences in income taxes on foreign earnings, losses and remittances

23.2

Valuation allowance adjustments

219.5

Tax credits

(9.0)

Tax audits and assessments

(1.2)

Goodwill impairment charges

111.6

Reorganization items and fresh-start accounting adjustments, net

(219.8)

1.7

$ 29.2

[1]

Represents the increase in tax loss carryforwards resulting from the final determination of the Company's reorganization value for U.S. tax purposes, an international restructuring transaction and other matters, all of which are subject to a full valuation allowance as it is not more likely than not that the deferred tax assets will be realized.

Summary of Components of Net Deferred Income Tax Asset (Detail) - USD ($) $ in Millions	Dec. 31, 2011	Dec. 31, 2010
Deferred income tax assets:
Tax loss carryforwards	$ 806.9	$ 892.2
Tax credit carryforwards	334.8	252.6
Retirement benefit plans	145.8	88.2
Accrued liabilities	106.4	104.8
Self-insurance reserves	10.4	11.5
Current asset basis differences	32.6	24.5
Long-term asset basis differences	50.4	41.6
Deferred compensation	28.1	18.3
Recoverable customer engineering, development and tooling	(5.7)	0.6
Undistributed earnings of foreign subsidiaries	(14.8)	0.9
Derivative instruments and hedging	1.8
Other	0.4	1.0
Deferred Tax Assets, Gross, Total	1,497.1	1,436.2
Valuation allowance	(1,397.3)	(1,407.3)
Net deferred income tax asset	$ 99.8	$ 28.9

Classification of Net Deferred Income Tax Assets (Detail) - USD ($) $ in Millions	Dec. 31, 2011	Dec. 31, 2010
Deferred income tax assets:
Current	$ 57.8	$ 57.6
Long-term	114.6	52.1
Deferred income tax liabilities:
Current	(14.3)	(22.5)
Long-term	(58.3)	(58.3)
Net deferred income tax asset	$ 99.8	$ 28.9

The current portion of the aggregate tax effects as of the balance sheet date of all future tax deductions arising from temporary differences between tax basis and generally accepted accounting principles basis recognition of assets, liabilities, revenues and expenses, which can only be deducted for tax purposes when permitted under enacted tax laws; after deducting the allocated valuation allowance, if any, to reduce such amount to net realizable value. Deferred tax liabilities and assets are classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. A deferred tax liability or asset that is not related to an asset or liability for financial reporting, including deferred tax assets related to carryforwards, are classified according to the expected reversal date of the temporary difference. An unrecognized tax benefit that is directly related to a position taken in a tax year that results in a net operating loss carryforward is presented as a reduction of the related deferred tax asset.

The noncurrent portion as of the balance sheet date of the aggregate carrying amount of all future tax deductions arising from temporary differences between tax basis and generally accepted accounting principles basis recognition of assets, liabilities, revenues and expenses, which can only be deducted for tax purposes when permitted under enacted tax laws; after the valuation allowance, if any, to reduce such amount to net realizable value. Deferred tax liabilities and assets are classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. A deferred tax liability or asset that is not related to an asset or liability for financial reporting, including deferred tax assets related to carryforwards, is classified according to the expected reversal date of the temporary difference.

Represents the current portion of deferred tax liabilities, which result from applying the applicable tax rate to net taxable temporary differences pertaining to each jurisdiction to which the entity is obligated to pay income tax. A current taxable temporary difference is a difference between the tax basis and the carrying amount of a current asset or liability in the financial statements prepared in accordance with generally accepted accounting principles. In a classified statement of financial position, an enterprise separates deferred tax liabilities and assets into a current amount and a noncurrent amount. Deferred tax liabilities and assets are classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. A deferred tax liability or asset that is not related to an asset or liability for financial reporting, including deferred tax assets related to carryforwards, is classified according to the expected reversal date of the temporary difference.

Represents the noncurrent portion of deferred tax liabilities, which result from applying the applicable tax rate to net taxable temporary differences pertaining to each jurisdiction to which the entity is obligated to pay income tax. A noncurrent taxable temporary difference is a difference between the tax basis and the carrying amount of a noncurrent asset or liability in the financial statements prepared in accordance with generally accepted accounting principles. In a classified statement of financial position, an enterprise separates deferred tax liabilities and assets into a current amount and a noncurrent amount. Deferred tax liabilities and assets are classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. A deferred tax liability or asset that is not related to an asset or liability for financial reporting, including deferred tax assets related to carryforwards, are classified according to the expected reversal date of the temporary difference.

Summary of Changes in Gross Unrecognized Tax Benefits (Detail) - USD ($) $ in Millions	2 Months Ended	10 Months Ended	12 Months Ended
	Dec. 31, 2009	Nov. 07, 2009	Dec. 31, 2011	Dec. 31, 2010
Reconciliation of Unrecognized Tax Benefits [Line Items]
Balance at beginning of period	$ 93.2		$ 36.2	$ 63.8
Additions based on tax positions related to current year	0.9		13.8	0.3
Additions (reductions) based on tax positions related to prior years	(28.8)		4.4	(1.2)
Settlements				(4.4)
Statute expirations			(2.6)	(21.7)
Foreign currency translation	(1.5)		(2.4)	(0.6)
Balance at end of period	63.8	$ 93.2	$ 49.4	$ 36.2
Predecessor
Reconciliation of Unrecognized Tax Benefits [Line Items]
Balance at beginning of period	$ 93.2	99.8
Additions based on tax positions related to current year		0.5
Additions (reductions) based on tax positions related to prior years		7.7
Settlements		(12.4)
Statute expirations		(8.0)
Foreign currency translation		5.6
Balance at end of period		$ 93.2

Pension and Other Postretirement Benefit Plans - Additional Information (Detail)
$ in Millions

2 Months Ended

10 Months Ended

12 Months Ended

Dec. 31, 2009

USD ($)

Nov. 07, 2009

USD ($)

Dec. 31, 2011

USD ($)

Year

Dec. 31, 2010

USD ($)

Services completed by employees for eligibility, years

10 years

Services completed by employees for eligibility, retiring age | Year

Continuation of medical benefits, age | Year

Recognized curtailment and other losses

$ 17.1

$ 3.0

Postretirement benefit obligation effect of 1% increase in the assumed rate of healthcare cost

24.8

Net periodic postretirement benefit cost effect of 1% increase in the assumed rate of healthcare cost

1.7

Postretirement benefit obligation effect of 1% decrease in the assumed rate of healthcare cost

20.5

Net periodic postretirement benefit cost effect of 1% decrease in the assumed rate of healthcare cost

1.4

Employer's contribution towards defined contribution retirement program

$ 1.8

14.8

16.0

Accumulated benefit obligation

944.4

915.6

Projected benefit obligation of pension plans with accumulated benefit obligations in excess of plan assets

916.7

647.4

Accumulated benefit obligation of pension plans with accumulated benefit obligations in excess of plan assets

911.1

643.7

Fair value of plan assets of pension plans with accumulated benefit obligations in excess of plan assets

605.3

470.3

Employer's contribution towards defined multiemployer pension plan

0.1

0.5

^[1]

0.9

Alternative investments

U.S. Other Postretirement

$ 74.2

63.6

Healthcare costs trend rate assumed in 2012

8.00%

Healthcare costs trend rate grading down over time

5.00%

Number of years that reaches ultimate trend rate

9 years

Foreign Other Postretirement

Healthcare costs trend rate assumed in 2012

6.00%

Healthcare costs trend rate grading down over time

5.00%

Number of years that reaches ultimate trend rate

20 years

U.S. Pension

Minimum target percentage of equity allocation

301.4

$ 329.9

335.2

50.00%

Maximum target percentage of equity allocation

75.00%

Minimum target percentage of fixed income allocation

15.00%

Maximum target percentage of fixed income allocation

40.00%

Minimum target percentage of investment allocation

0.00%

Maximum target percentage of investment allocation

30.00%

Minimum target percentage of cash allocation

0.00%

Maximum target percentage of cash allocation

10.00%

U.S. Pension | Alternative investments

$ 43.5

30.3

Foreign Pension

Minimum target percentage of equity allocation

384.6

$ 314.0

447.4

45.00%

Maximum target percentage of equity allocation

65.00%

Minimum target percentage of fixed income allocation

30.00%

Maximum target percentage of fixed income allocation

40.00%

Minimum target percentage of investment allocation

0.00%

Maximum target percentage of investment allocation

20.00%

Minimum target percentage of cash allocation

0.00%

Maximum target percentage of cash allocation

10.00%

Employer's contribution towards defined multiemployer pension plan

$ 0.5

$ 7.4

7.5

Foreign Pension | Alternative investments

Pension Plans, Defined Benefit | Minimum

30.7

$ 33.3

Estimated employer's contribution towards defined benefit plan in 2012

35.0

Pension Plans, Defined Benefit | Maximum

Estimated employer's contribution towards defined benefit plan in 2012

$ 40.0

Recognized curtailment and other losses

$ 9.4

Employer's contribution towards defined contribution retirement program

10.3

Employer's contribution towards defined multiemployer pension plan

0.7

Predecessor | Foreign Pension

Employer's contribution towards defined multiemployer pension plan

$ 4.6

[1]	There were no surcharges imposed on the Company in 2011.

Reconciliation of Change in Benefit Obligation and Change in Plan Assets (Detail) - USD ($) $ in Millions	2 Months Ended	12 Months Ended
	Dec. 31, 2009	Dec. 31, 2011	Dec. 31, 2010
U.S. Pension
Change in benefit obligation:
Benefit obligation at beginning of period		$ 441.6	$ 404.7
Service cost	$ 0.4	2.9	3.2
Interest cost	3.2	23.4	23.1
Actuarial loss		86.2	29.9
Benefits paid		(20.2)	(19.3)
Benefit obligation at end of period	404.7	533.9	441.6
Change in plan assets:
Fair value of plan assets at beginning of period		335.2	301.4
Actual return on plan assets		(7.7)	28.6
Employer contributions		22.6	24.5
Benefits paid		(20.2)	(19.3)
Fair value of plan assets at end of period	301.4	329.9	335.2
Funded Status		(204.0)	(106.4)
Amounts recognized in the consolidated balance sheet:
Accrued liabilities		(4.1)	(6.9)
Other long-term liabilities		(199.9)	(99.5)
Foreign Pension
Change in benefit obligation:
Benefit obligation at beginning of period		478.7	412.6
Service cost	0.9	6.6	4.7
Interest cost	3.6	24.3	23.7
Amendments		1.1
Actuarial loss		56.7	46.6
Benefits paid		(29.4)	(27.1)
Settlements		(112.9)
Curtailment loss			3.5
Translation adjustment		(9.0)	14.7
Benefit obligation at end of period	412.6	416.1	478.7
Change in plan assets:
Fair value of plan assets at beginning of period		447.4	384.6
Actual return on plan assets		(10.6)	31.5
Employer contributions		26.9	36.9
Benefits paid		(29.4)	(27.1)
Settlements		(112.9)
Translation adjustment		(7.4)	21.5
Fair value of plan assets at end of period	384.6	314.0	447.4
Funded Status		(102.1)	(31.3)
Amounts recognized in the consolidated balance sheet:
Other long-term assets		5.2	39.4
Accrued liabilities		(2.9)	(4.3)
Other long-term liabilities		(104.4)	(66.4)
U.S. Other Postretirement
Change in benefit obligation:
Benefit obligation at beginning of period		111.4	103.0
Service cost	0.1	0.4	0.5
Interest cost	0.7	5.4	5.5
Actuarial loss		1.2	8.0
Benefits paid		(5.4)	(5.6)
Benefit obligation at end of period	103.0	113.0	111.4
Change in plan assets:
Employer contributions		5.4	5.6
Benefits paid		(5.4)	(5.6)
Funded Status		(113.0)	(111.4)
Amounts recognized in the consolidated balance sheet:
Accrued liabilities		(7.7)	(8.2)
Other long-term liabilities		(105.3)	(103.2)
Foreign Other Postretirement
Change in benefit obligation:
Benefit obligation at beginning of period		66.7	53.4
Service cost	0.1	1.1	0.8
Interest cost	0.5	3.8	3.6
Actuarial loss		2.9	7.2
Benefits paid		(1.8)	(1.7)
Special termination benefits		0.1	0.1
Translation adjustment		(1.9)	3.3
Benefit obligation at end of period	$ 53.4	70.9	66.7
Change in plan assets:
Employer contributions		1.8	1.7
Benefits paid		(1.8)	(1.7)
Funded Status		(70.9)	(66.7)
Amounts recognized in the consolidated balance sheet:
Accrued liabilities		(2.4)	(2.8)
Other long-term liabilities		$ (68.5)	$ (63.9)

Amounts Recognized in Comprehensive Income (Loss) (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010
U.S. Pension
Actuarial losses recognized:
Reclassification adjustments	$ (0.1)	$ (0.1)
Actuarial loss arising during the period	(120.2)	(24.7)
Defined Benefit Plan, Amounts Recognized in Other Comprehensive Income (Loss), Net Gain (Loss), before Tax, Total	(120.3)	(24.8)
Foreign Pension
Actuarial losses recognized:
Reclassification adjustments	17.4
Actuarial loss arising during the period	(96.0)	(38.5)
Translation adjustment	0.9	0.3
Defined Benefit Plan, Amounts Recognized in Other Comprehensive Income (Loss), Net Gain (Loss), before Tax, Total	(77.7)	(38.2)
U.S. Other Postretirement
Actuarial losses recognized:
Reclassification adjustments	0.3
Actuarial loss arising during the period	(1.2)	(8.0)
Defined Benefit Plan, Amounts Recognized in Other Comprehensive Income (Loss), Net Gain (Loss), before Tax, Total	(0.9)	(8.0)
Foreign Other Postretirement
Actuarial losses recognized:
Reclassification adjustments	0.1
Actuarial loss arising during the period	(2.9)	(7.2)
Translation adjustment	0.2
Defined Benefit Plan, Amounts Recognized in Other Comprehensive Income (Loss), Net Gain (Loss), before Tax, Total	$ (2.6)	$ (7.2)

Pretax change in the value of either the benefit obligation or the plan assets resulting from experience different from that assumed or from a change in an actuarial assumption, or the consequence of a decision to temporarily deviate from the substantive plan, that has not been recognized in net periodic benefit cost.

The net gain (loss) previously recognized in other comprehensive income that is a reclassification adjustment of other comprehensive income as a result of being recognized as a component of net periodic benefit cost for the period.

Amounts Recorded in Accumulated Other Comprehensive Loss Not Yet Recognized in Net Periodic Benefit Cost (Detail) - USD ($) $ in Millions	Dec. 31, 2011	Dec. 31, 2010
U.S. Pension
Defined Benefit Plan Disclosure [Line Items]
Net unrecognized actuarial loss	$ (138.4)	$ (18.0)
Foreign Pension
Defined Benefit Plan Disclosure [Line Items]
Net unrecognized actuarial loss	(109.9)	(32.3)
U.S. Other Postretirement
Defined Benefit Plan Disclosure [Line Items]
Net unrecognized actuarial loss	(9.0)	(8.1)
Foreign Other Postretirement
Defined Benefit Plan Disclosure [Line Items]
Net unrecognized actuarial loss	$ (9.5)	$ (6.7)

Pretax Amounts Recorded in Accumulated Other Comprehensive Loss That Are Expected To Be Recognized As Components of Net Periodic Benefit Cost in the Next Fiscal Year (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2011 USD ($)
U.S. Pension
Defined Benefit Plan Disclosure [Line Items]
Net unrecognized actuarial loss	$ (3.9)
Foreign Pension
Defined Benefit Plan Disclosure [Line Items]
Net unrecognized actuarial loss	(5.7)
U.S. Other Postretirement
Defined Benefit Plan Disclosure [Line Items]
Net unrecognized actuarial loss	(0.3)
Foreign Other Postretirement
Defined Benefit Plan Disclosure [Line Items]
Net unrecognized actuarial loss	$ (0.3)

Components of Net Periodic Benefit Costs (Detail) - USD ($) $ in Millions	2 Months Ended	10 Months Ended	12 Months Ended
	Dec. 31, 2009	Nov. 07, 2009	Dec. 31, 2011	Dec. 31, 2010
U.S. Pension
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	$ 0.4		$ 2.9	$ 3.2
Interest cost	3.2		23.4	23.1
Expected return on plan assets	(3.2)		(26.2)	(23.5)
Settlement (gain) loss			(0.1)	(0.1)
Net periodic benefit cost	0.4			2.7
Foreign Pension
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	0.9		6.6	4.7
Interest cost	3.6		24.3	23.7
Expected return on plan assets	(4.0)		(30.3)	(27.4)
Amortization of actuarial (gain) loss			0.3
Settlement (gain) loss			17.1
Curtailment (gain) loss				3.5
Net periodic benefit cost	0.5		18.0	4.5
U.S. Other Postretirement
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	0.1		0.4	0.5
Interest cost	0.7		5.4	5.5
Amortization of actuarial (gain) loss			0.3
Net periodic benefit cost	0.8		6.1	6.0
Foreign Other Postretirement
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	0.1		1.1	0.8
Interest cost	0.5		3.8	3.6
Amortization of actuarial (gain) loss			0.1
Special termination benefits			0.1	0.1
Net periodic benefit cost	$ 0.6		$ 5.1	$ 4.5
Predecessor \| U.S. Pension
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost		$ 3.0
Interest cost		20.0
Expected return on plan assets		(17.5)
Amortization of actuarial (gain) loss		4.1
Amortization of prior service cost		2.0
Settlement (gain) loss		0.5
Curtailment (gain) loss		1.2
Net periodic benefit cost		13.3
Predecessor \| Foreign Pension
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost		4.9
Interest cost		19.3
Expected return on plan assets		(17.6)
Amortization of actuarial (gain) loss		0.8
Amortization of prior service cost		2.7
Settlement (gain) loss		2.7
Special termination benefits		0.7
Curtailment (gain) loss		7.3
Net periodic benefit cost		20.8
Predecessor \| U.S. Other Postretirement
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost		0.7
Interest cost		4.4
Amortization of actuarial (gain) loss		0.8
Amortization of prior service cost		(6.2)
Net periodic benefit cost		(0.3)
Predecessor \| Foreign Other Postretirement
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost		1.5
Interest cost		5.2
Amortization of actuarial (gain) loss		(0.6)
Amortization of transition obligation		0.5
Special termination benefits		0.3
Curtailment (gain) loss		(1.1)
Net periodic benefit cost		$ 5.8

Weighted Average Actuarial Assumptions Used (Detail)	2 Months Ended	10 Months Ended	12 Months Ended
Weighted Average Actuarial Assumptions Used (Detail)	Dec. 31, 2009	Nov. 07, 2009	Dec. 31, 2011	Dec. 31, 2010
U.S. Pension
Defined Benefit Plan Disclosure [Line Items]
Discount rate			4.50%	5.50%
Discount rate	5.50%		5.50%	6.00%
Expected return on plan assets	8.30%		8.00%	8.00%
Foreign Pension
Defined Benefit Plan Disclosure [Line Items]
Discount rate			4.60%	5.20%
Rate of compensation increase			3.60%	3.60%
Discount rate	5.80%		5.20%	5.90%
Expected return on plan assets	6.90%		6.90%	6.90%
Rate of compensation increase	3.70%		3.60%	3.70%
U.S. Other Postretirement
Defined Benefit Plan Disclosure [Line Items]
Discount rate			4.00%	5.00%
Discount rate	5.50%		5.00%	5.50%
Foreign Other Postretirement
Defined Benefit Plan Disclosure [Line Items]
Discount rate			4.50%	5.60%
Discount rate	6.50%		5.60%	6.60%
Predecessor \| U.S. Pension
Defined Benefit Plan Disclosure [Line Items]
Discount rate		5.70%
Expected return on plan assets		8.30%
Predecessor \| Foreign Pension
Defined Benefit Plan Disclosure [Line Items]
Discount rate		6.20%
Expected return on plan assets		6.90%
Rate of compensation increase		3.20%
Predecessor \| U.S. Other Postretirement
Defined Benefit Plan Disclosure [Line Items]
Discount rate		5.80%
Predecessor \| Foreign Other Postretirement
Defined Benefit Plan Disclosure [Line Items]
Discount rate		7.50%

Change in Fair Value of Plan Assets (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010
U.S. Pension
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at beginning of period	$ 335.2	$ 301.4
Fair value of plan assets at end of period	329.9	335.2
Foreign Pension
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at beginning of period	447.4	384.6
Foreign exchange and other	(7.4)	21.5
Fair value of plan assets at end of period	314.0	447.4
Alternative investments
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at beginning of period	63.6
Fair value of plan assets at end of period	74.2	63.6
Alternative investments \| U.S. Pension
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at beginning of period	30.3
Fair value of plan assets at end of period	43.5	30.3
Alternative investments \| Foreign Pension
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at beginning of period	33.3
Fair value of plan assets at end of period	30.7	33.3
Fair Value, Inputs, Level 3 \| Alternative investments \| U.S. Pension
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at beginning of period	30.3	28.1
Unrealized gains (losses)	(2.1)	2.1
Realized gains (losses)		0.1
Purchases	18.3	3.4
Sales	(3.0)	(3.0)
Foreign exchange and other		(0.4)
Fair value of plan assets at end of period	43.5	30.3
Fair Value, Inputs, Level 3 \| Alternative investments \| Foreign Pension
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at beginning of period	33.3	30.0
Unrealized gains (losses)	(1.4)	0.6
Realized gains (losses)		(0.1)
Purchases		6.8
Sales	(0.3)	(5.6)
Foreign exchange and other	(0.9)	1.6
Fair value of plan assets at end of period	$ 30.7	$ 33.3

Pension Plan Assets by Asset Category (Detail) - USD ($) $ in Millions	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
U.S. Pension
Defined Benefit Plan Disclosure [Line Items]
Pension plan assets	$ 329.9	$ 335.2	$ 301.4
Foreign Pension
Defined Benefit Plan Disclosure [Line Items]
Pension plan assets	314.0	447.4	$ 384.6
Equity Securities \| U.S. Pension
Defined Benefit Plan Disclosure [Line Items]
Pension plan assets	196.1	196.2
Equity Securities \| Foreign Pension
Defined Benefit Plan Disclosure [Line Items]
Pension plan assets	157.7	240.7
Debt Securities \| U.S. Pension
Defined Benefit Plan Disclosure [Line Items]
Pension plan assets	82.6	101.7
Debt Securities \| Foreign Pension
Defined Benefit Plan Disclosure [Line Items]
Pension plan assets	113.8	154.5
Alternative investments
Defined Benefit Plan Disclosure [Line Items]
Pension plan assets	74.2	63.6
Alternative investments \| U.S. Pension
Defined Benefit Plan Disclosure [Line Items]
Pension plan assets	43.5	30.3
Alternative investments \| Foreign Pension
Defined Benefit Plan Disclosure [Line Items]
Pension plan assets	30.7	33.3
Cash and other \| U.S. Pension
Defined Benefit Plan Disclosure [Line Items]
Pension plan assets	7.7	6.9
Cash and other \| Foreign Pension
Defined Benefit Plan Disclosure [Line Items]
Pension plan assets	$ 11.8	$ 18.9

Assets, usually stocks, bonds, and other investments, that have been segregated and restricted (usually in a trust) to provide benefits, at their fair value as of the measurement date. Plan assets include amounts contributed by the employer (and by employees for a contributory plan) and amounts earned from investing the contributions, less benefits paid. If a plan has liabilities other than for benefits, those non-benefit obligations may be considered as reductions of plan assets.

Employer Identification Number

Expected Benefit Payments, Excluding Expected Settlements Relating to Restructuring Actions (Detail) $ in Millions	Dec. 31, 2011 USD ($)
U.S. Pension
2012	$ 18.5
2013	15.8
2014	17.4
2015	18.5
2016	19.9
Five years thereafter	117.6
Foreign Pension
2012	18.0
2013	17.4
2014	17.4
2015	17.7
2016	17.9
Five years thereafter	103.3
U.S. Other Postretirement
2012	7.7
2013	7.9
2014	8.0
2015	8.2
2016	8.3
Five years thereafter	41.1
Foreign Other Postretirement
2012	2.4
2013	2.4
2014	2.4
2015	2.5
2016	2.6
Five years thereafter	$ 15.9

Information Related to Multi-Employer Pension Plans (Detail) - USD ($)
$ in Millions

2 Months Ended

10 Months Ended

12 Months Ended

Dec. 31, 2009

Nov. 07, 2009

Dec. 31, 2011

Dec. 31, 2010

Multiemployer Plans [Line Items]

516099782

Pension Protection Act Zone status Certification

Unavailable

^[1]

Green

FIP/RP Pending or Implemented

Contributions to Multiemployer Pension Plan

$ 0.1

$ 0.5

^[2]

$ 0.9

Contributions to Multiemployer Pension Plan

Multiemployer Plans [Line Items]

$ 0.7

[1]	As of January 1, 2011, the date of the most recent plan financial statements provided, total plan assets exceeded the plan accumulated benefit obligation.
[2]	There were no surcharges imposed on the Company in 2011.

Capital Stock and Equity - Additional Information (Detail)
$ / shares in Units, $ in Millions

1 Months Ended

2 Months Ended

3 Months Ended

12 Months Ended

Jan. 11, 2012

USD ($)

Mar. 17, 2011

USD ($)

$ / shares

Feb. 16, 2011

USD ($)

Year

Nov. 10, 2010

Dec. 31, 2009

$ / shares

Dec. 31, 2011

Vote

$ / shares

$ / Right

Oct. 01, 2011

$ / shares

Jul. 02, 2011

$ / shares

Apr. 02, 2011

$ / shares

Dec. 31, 2011

USD ($)

Vote

$ / shares

$ / Right

Dec. 31, 2010

$ / shares

Nov. 09, 2009

USD ($)

Year

$ / shares

$ / Right

Nov. 07, 2009

USD ($)

^[3]

Stockholders Equity Note [Line Items]

Common stock, shares authorized | shares

^[1]

300,000,000

Common stock holders voting right, vote per outstanding share | Vote

Transfer from additional paid-in- capital to common stock

$ 0.5

Common stock, par value | $ / shares

$ 0.01

^[1]

$ 0.01

^[1]

$ 0.01

^[1]

$ 0.01

Common Stock Share Repurchase Program, description

Preferred stock, shares authorized | shares

100,000,000

Common stock, share repurchase program amount

$ 400.0

Series A convertible preferred stock, shares issued | shares

10,896,250

Series A convertible preferred stock, par value | $ / shares

$ 0.01

Common stock, share repurchase program period | Year

Issuable shares of common stock, after giving effect to the two-for-one stock split | shares

^[2]

2,029,894

16,821,030

Common stock, share repurchased after split | shares

6,182,429

Common stock issued from series A convertible preferred stock conversion | shares

^[2]

2,941,576

Common stock, at an average purchase price excluding commission | $ / shares

$ 45.15

Repurchase of common stock

$ 279.1

Additional common stock amount Company may repurchase

420.9

Stock split ratio

Series A convertible preferred stock, shares outstanding | shares

Cash dividends declared per share | $ / shares

$ 0.125

Dividends declared to Lear Corporation stockholders

52.9

Dividends paid to Lear Corporation stockholders

$ 51.1

Warrants outstanding | shares

396,102

942,333

8,157,249

Exercisable of warrants into common stock | shares

792,204

1,884,666

Fair value of Warrants

$ 305.9

$ (305.9)

Exercise price of Warrants | $ / Right

0.005

Warrants fair value assumptions, implied stock price | $ / shares

$ 19.36

Warrant expiration date

Nov. 09, 2014

Warrants fair value assumptions, expected volatility

60.00%

Warrants fair value assumptions, expected dividend rate

0.00%

Warrants fair value assumptions, expected risk free interest rate

2.30%

Warrants fair value assumptions, expected term | Year

Warrants fair value assumptions, aggregate common stock and warrants value

$ 1,636.2

Share Repurchase Program

Stockholders Equity Note [Line Items]

Common stock, share repurchase program amount

$ 700.0

Common stock, share repurchase program additional authorized amount

$ 300.0

[1]	Share data as of December 31, 2010, has been retroactively adjusted to reflect the two-for-one stock split described in Note 11, "Capital Stock and Equity," to these consolidated financial statements.
[2]	Share data has been retroactively adjusted to reflect the two-for-one stock split described above.
[3]	For further information on the fair value of Warrants, see Note 11, "Capital Stock and Equity."

Stock-Based Compensation - Additional Information (Detail) $ in Millions	2 Months Ended	10 Months Ended	12 Months Ended
	Dec. 31, 2009 USD ($)	Nov. 07, 2009	Dec. 31, 2011 USD ($) Year	Dec. 31, 2010 USD ($)	Nov. 09, 2009 shares
Shares of common stock reserved for issuance under the 2009 Long-Term Stock Incentive Plan \| shares					11,815,748
Compensation expense	$ 8.0		$ 33.6	$ 21.8
Restricted stock units
Unrecognized compensation expense			$ 29.7
Unrecognized compensation expense, period of recognition \| Year			1.4
Restricted stock units \| Vest in equal monthly installments beginning one month following the grant date
Vesting period			36 months	36 months
Restricted stock units \| Vest in equal annual installments beginning one year following the grant date
Vesting period			3 years	3 years
Restricted stock units \| Vest following the grant date
Vesting period			3 years	3 years
Performance Based Shares \| Vest following the grant date
Vesting period			3 years
Predecessor \| Restricted stock units \| Minimum
Vesting period		2 years
Predecessor \| Restricted stock units \| Maximum
Vesting period		5 years
Predecessor \| Performance Based Shares
Vesting period		3 years
Predecessor \| Stock appreciation rights \| Minimum
Vesting period		6 months
Expiration period		3 years 6 months
Predecessor \| Stock appreciation rights \| Maximum
Vesting period		3 years
Expiration period		7 years

Summary of Restricted Stock Unit and Performance Share Transactions (Detail) - $ / shares

2 Months Ended

12 Months Ended

Dec. 31, 2009

Dec. 31, 2011

Dec. 31, 2010

Restricted stock units

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

^[1]

2,687,976

1,854,928

2,573,538

^[1]

181,836

206,736

Distributed (vested)

^[1]

(114,438)

(875,902)

(896,696)

Cancelled

^[1]

(22,446)

(28,650)

^[1]

2,573,538

1,138,416

1,854,928

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

^[1],[2]

$ 19.50

$ 54.88

$ 35.15

Performance Based Shares

529,880

Cancelled

(32,282)

497,598

^[2]

$ 55.15

[1]	Share data and weighted average grant date fair values for the year ended December 31, 2010, and the 2009 Successor Period have been retroactively adjusted to reflect the two-for-one stock split described in Note 11, "Capital Stock and Equity."
[2]	For the years ended December 31, 2011 and 2010, the grant date fair values of restricted stock units and performance shares are based on the share price on the grant date. For the 2009 Successor Period, the restricted stock units were valued based on the reorganization value of the Successor Common Stock (see Note 3, "Fresh-Start Accounting").

Summary of Restricted Stock Unit and Performance Share Transactions (Parenthetical) (Detail)	1 Months Ended		2 Months Ended	12 Months Ended
	Feb. 16, 2011	Nov. 10, 2010	Dec. 31, 2009	Dec. 31, 2010
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock split	2	2	2	2

Summary of Stock Option, Performance Share, Restricted Stock Unit and Stock Appreciation Right Transactions (Detail) - $ / shares

10 Months Ended

12 Months Ended

Nov. 07, 2009

Dec. 31, 2011

Dec. 31, 2010

Performance Based Shares

Shares

(32,282)

497,598

Restricted stock units

Shares

^[1]

1,854,928

2,573,538

^[1]

(22,446)

(28,650)

^[1]

2,687,976

1,138,416

1,854,928

Stock Options/ Stock Appreciation Rights

1,268,180

Outstanding price range, minimum

(1,268,180)

Price Range

$ 22.12

Outstanding price range, maximum

55.33

Expired or cancelled price range, minimum

22.12

Expired or cancelled price range, maximum

$ 55.33

Predecessor | Stock appreciation rights

Stock Options/ Stock Appreciation Rights

^[2]

2,432,745

Predecessor | Performance Based Shares

^[2]

(2,432,745)

Shares

^[3]

168,696

Distributed or exercised

^[3]

(75,755)

Predecessor | Restricted stock units

^[3]

(92,941)

Shares

1,040,740

Distributed or exercised

(103,933)

(936,807)

[1]	Share data and weighted average grant date fair values for the year ended December 31, 2010, and the 2009 Successor Period have been retroactively adjusted to reflect the two-for-one stock split described in Note 11, "Capital Stock and Equity."
[2]	Excludes cash-settled stock appreciation rights.
[3]	Performance shares reflected as "outstanding" were notional shares granted at the beginning of a three-year performance period whose eventual payout was subject to satisfaction of performance criteria. Performance shares reflected as "distributed" were those performance shares that were paid out in shares of common stock upon satisfaction of the performance criteria at the end of the three-year performance period.

Summary of Stock Option, Performance Share, Restricted Stock Unit and Stock Appreciation Right Transactions (Parenthetical) (Detail)	10 Months Ended
	Nov. 07, 2009
Performance Based Shares \| Predecessor
Performance period	3 years

Commitment and Contingencies - Additional Information (Detail) $ in Millions	2 Months Ended	10 Months Ended	12 Months Ended
	Dec. 31, 2009 USD ($)	Nov. 07, 2009 USD ($)	Dec. 31, 2011 USD ($) Person	Dec. 31, 2010 USD ($)
Commitments and Contingencies Disclosure [Line Items]
Reserves for pending legal disputes, including commercial disputes and other matters			$ 17.0	$ 23.4
Environmental Reserves			$ 2.8	2.7
Percentage employees that are members of collective bargaining agreements			59.00%
Rent Expense	$ 12.7		$ 99.2	$ 80.2
Workforce Subject to Collective Bargaining Arrangements Expiring with in 2012
Commitments and Contingencies Disclosure [Line Items]
Percentage employees that are members of collective bargaining agreements			81.00%
Number of employees \| Person			58,000
Workforce Subject to Collective Bargaining Arrangements Expiring with in 2012 \| United States And Canada
Commitments and Contingencies Disclosure [Line Items]
Percentage employees that are members of collective bargaining agreements			40.00%
Predecessor
Commitments and Contingencies Disclosure [Line Items]
Rent Expense		$ 78.2

Summary of the Changes in Reserves for Product Liability and Warranty Claims (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010
Product Liability Contingency [Line Items]
Beginning Balance	$ 43.6	$ 26.5
Expense, net, including changes in estimates	(2.2)	32.1
Settlements	(18.7)	(11.9)
Foreign currency translation and other	0.7	(3.1)
Ending Balance	$ 23.4	$ 43.6

Summary of Lease Commitments Under Non-Cancelable Operating Leases (Detail) $ in Millions	Dec. 31, 2011 USD ($)
Schedule of Operating Leases [Line Items]
2012	$ 78.3
2013	59.8
2014	47.4
2015	32.9
2016	27.4
2017 and thereafter	30.8
Total	$ 276.6

Summary of Segment Financial Information (Detail) - USD ($)
$ in Millions

2 Months Ended

3 Months Ended

10 Months Ended

12 Months Ended

Dec. 31, 2009

Dec. 31, 2011

Oct. 01, 2011

Jul. 02, 2011

Apr. 02, 2011

Dec. 31, 2010

Oct. 02, 2010

Jul. 03, 2010

Apr. 03, 2010

Nov. 07, 2009

Dec. 31, 2011

Dec. 31, 2010

$ 1,580.9

$ 3,508.5

$ 3,460.0

$ 3,676.3

$ 3,511.7

$ 3,156.5

$ 2,820.3

$ 3,039.3

$ 2,938.5

$ 14,156.5

$ 11,954.6

^[1]

(2.9)

679.6

538.4

39.8

246.3

235.9

41.3

329.5

193.3

6,073.3

7,010.9

6,621.1

7,010.9

6,621.1

Seating

1,251.1

10,943.0

9,395.3

^[1]

52.4

703.7

655.0

24.9

146.5

145.7

19.0

184.0

114.2

3,182.9

3,697.9

3,491.1

3,697.9

3,491.1

EPMS

329.8

3,213.5

2,559.3

^[1]

(24.5)

185.1

100.5

14.0

92.3

83.9

16.9

139.4

71.1

Corporate and geographic headquarters and elimination of intercompany activity

966.5

1,255.0

1,052.2

1,255.0

1,052.2

^[1]

(30.8)

(209.2)

(217.1)

0.9

7.5

6.3

5.4

6.1

8.0

$ 1,923.9

$ 2,058.0

$ 2,077.8

$ 2,058.0

$ 2,077.8

$ 8,158.7

^[1]

(93.4)

223.9

77.5

Predecessor | Seating

6,561.8

^[1]

184.9

131.6

46.5

Predecessor | EPMS

1,596.9

^[1]

(131.3)

80.2

Predecessor | Corporate and geographic headquarters and elimination of intercompany activity

27.9

^[1]

(147.0)

12.1

Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]

$ 3.1

[1]	See definition in Note 4, "Summary of Significant Accounting Policies - Segment Reporting."

Segment Reporting - Additional Information (Detail) - USD ($) $ in Millions	2 Months Ended	10 Months Ended	12 Months Ended
	Dec. 31, 2009	Nov. 07, 2009	Dec. 31, 2011	Dec. 31, 2010
Seating
Segment Reporting Information [Line Items]
Restructuring charges	$ 17.5		$ 66.4	$ 44.2
Seating \| Predecessor
Segment Reporting Information [Line Items]
Restructuring charges		$ 47.5
EPMS
Segment Reporting Information [Line Items]
Restructuring charges	23.6		$ 2.4	17.4
EPMS \| Predecessor
Segment Reporting Information [Line Items]
Restructuring charges		53.3
Other
Segment Reporting Information [Line Items]
Restructuring charges	$ 2.1			$ 2.3
Other \| Predecessor
Segment Reporting Information [Line Items]
Restructuring charges		$ 4.0

Reconciliation of Segment Earnings to Consolidated Income (Loss) Before Provision (Benefit) for Income Taxes and Equity in Net (Income) Loss of Affiliates (Detail) - USD ($)
$ in Millions

2 Months Ended

10 Months Ended

12 Months Ended

Dec. 31, 2009

Nov. 07, 2009

Dec. 31, 2011

Dec. 31, 2010

^[1]

$ (2.9)

$ 679.6

$ 538.4

Interest expense

11.1

39.7

55.4

Consolidated income (loss) before provision (benefit) for income taxes and equity in net (income) loss of affiliates

19.8

24.2

34.2

(33.8)

615.7

448.8

Operating Segments

Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]

Corporate and geographic headquarters and elimination of intercompany activity

27.9

888.8

755.5

Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]

^[1]

$ (30.8)

$ (209.2)

$ (217.1)

Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]

Goodwill impairment charges

^[1]

$ (93.4)

319.0

Interest expense

151.4

Reorganization items and fresh-start accounting adjustments, net

(16.6)

(270.7)

Consolidated income (loss) before provision (benefit) for income taxes and equity in net (income) loss of affiliates

(276.5)

Predecessor | Operating Segments

Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]

Predecessor | Corporate and geographic headquarters and elimination of intercompany activity

53.6

Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]

^[1]

$ (147.0)

[1]	See definition in Note 4, "Summary of Significant Accounting Policies - Segment Reporting."

Revenues from External Customers and Tangible Long-lived Assets for each of the Geographic Areas (Detail) - USD ($) $ in Millions	2 Months Ended	3 Months Ended								10 Months Ended	12 Months Ended
	Dec. 31, 2009	Dec. 31, 2011	Oct. 01, 2011	Jul. 02, 2011	Apr. 02, 2011	Dec. 31, 2010	Oct. 02, 2010	Jul. 03, 2010	Apr. 03, 2010	Nov. 07, 2009	Dec. 31, 2011	Dec. 31, 2010
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 1,580.9	$ 3,508.5	$ 3,460.0	$ 3,676.3	$ 3,511.7	$ 3,156.5	$ 2,820.3	$ 3,039.3	$ 2,938.5		$ 14,156.5	$ 11,954.6
Property, plant and equipment, net		1,072.0				994.7					1,072.0	994.7
UNITED STATES
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	242.7										2,542.2	2,137.1
Property, plant and equipment, net		152.5				165.8					152.5	165.8
GERMANY
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	283.9										2,522.5	2,110.5
Property, plant and equipment, net		123.8				134.9					123.8	134.9
MEXICO
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	192.4										1,659.0	1,435.0
Property, plant and equipment, net		180.8				162.6					180.8	162.6
CHINA
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	175.9										1,363.0	1,144.9
Property, plant and equipment, net		86.4				59.8					86.4	59.8
Other Countries
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 686.0										6,069.8	5,127.1
Property, plant and equipment, net		$ 528.5				$ 471.6					$ 528.5	$ 471.6
Predecessor
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales										$ 8,158.7
Predecessor \| UNITED STATES
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales										1,352.5
Predecessor \| GERMANY
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales										1,653.6
Predecessor \| MEXICO
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales										838.1
Predecessor \| CHINA
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales										727.6
Predecessor \| Other Countries
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales										$ 3,586.9

Summary of Percentage of Revenues from Major Customers (Detail)	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Ford Motor Company
Revenue, Major Customer [Line Items]
Percentage of revenues from major customers	19.40%	18.20%	19.00%
General Motors
Revenue, Major Customer [Line Items]
Percentage of revenues from major customers	18.80%	20.90%	19.80%
BMW
Revenue, Major Customer [Line Items]
Percentage of revenues from major customers	11.60%	10.90%	12.30%

Financial Instruments - Additional Information (Detail) - USD ($) $ in Millions	10 Months Ended	12 Months Ended
	Nov. 07, 2009	Dec. 31, 2011	Dec. 31, 2010
Financial Instruments [Line Items]
Long-term debt		$ 695.4	$ 694.9
Gains (losses) recorded in accumulated other comprehensive loss		(39.4)	(1.3)
Net gains (losses) related to its hedging activities reclassified from accumulated other comprehensive loss into earnings		(12.8)
Expected amount to be reclassified into earnings from accumulated other comprehensive loss		(38.3)
Foreign Exchange Contract
Financial Instruments [Line Items]
Derivative, fair value, net		(44.5)	(0.9)
Gains (losses) reclassified from accumulated other comprehensive income (loss) to net sales related to foreign currency derivative contracts		1.7	1.4
Gains reclassified from accumulated other comprehensive income (loss) to cost of sales related to foreign currency derivative contracts		(10.9)	12.2
Carrying (Reported) Amount, Fair Value Disclosure
Financial Instruments [Line Items]
Long-term debt		695.4	694.9
Estimate of Fair Value, Fair Value Disclosure
Financial Instruments [Line Items]
Long-term debt		764.6	755.6
Designated as Hedging Instrument \| Foreign Exchange Contract
Financial Instruments [Line Items]
Notional amount of cash flow derivatives		$ 585.7	$ 174.7
Derivative maturities		17 months	17 months
Derivative, fair value, net		$ (39.1)	$ (1.3)
Designated as Hedging Instrument \| Commodity Contract
Financial Instruments [Line Items]
Notional amount of cash flow derivatives		$ 3.4	0.0
Derivative maturities		12 months
Derivative, fair value, net		$ (0.3)	0.0
Not Designated as Hedging Instrument \| Foreign Exchange Contract
Financial Instruments [Line Items]
Notional amount of other derivatives not designated as hedging instruments		$ 148.4	$ 140.6
Derivative maturities		16 months	16 months
Derivative, fair value, net		$ (5.4)	$ 0.4
Other derivatives not designated as hedging instruments, fair value, net		$ (5.4)	$ 0.4
Predecessor \| Foreign Exchange Contract
Financial Instruments [Line Items]
Gains (losses) reclassified from accumulated other comprehensive income (loss) to net sales related to foreign currency derivative contracts	$ 1.7
Gains reclassified from accumulated other comprehensive income (loss) to cost of sales related to foreign currency derivative contracts	$ (55.9)

Fair Value of Outstanding Foreign Currency Derivative Contracts and the Related Classification in the Condensed Consolidated Balance Sheets (Detail) - Foreign Exchange Contract - USD ($) $ in Millions	Dec. 31, 2011	Dec. 31, 2010
Contracts balance sheet classification:
Derivative assets (liabilities), at fair value	$ (44.5)	$ (0.9)
Designated as Hedging Instrument
Contracts balance sheet classification:
Other current assets	0.2	0.2
Other current liabilities	(38.1)	(1.5)
Other long-term liabilities	(1.2)
Derivative assets (liabilities), at fair value	(39.1)	(1.3)
Not Designated as Hedging Instrument
Contracts balance sheet classification:
Other current assets		0.7
Other current liabilities	(5.4)	(0.3)
Derivative assets (liabilities), at fair value	$ (5.4)	$ 0.4

Fair values as of the balance sheet date for all assets resulting from contracts that meet the criteria of being accounted for as derivative instruments and which are expected to be converted into cash or otherwise disposed of within a year or the normal operating cycle, if longer, net of the effects of master netting arrangements.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
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-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 43
-Section A
-Paragraph 4
-Chapter 3
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Current Assets
-URI http://asc.fasb.org/extlink&oid=6509628

Fair values as of the balance sheet date of all liabilities resulting from contracts that meet the criteria of being accounted for as derivative instruments, and which are expected to be extinguished or otherwise disposed of within a year or the normal operating cycle, if longer, net of the effects of master netting arrangements.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 43
-Chapter 3
-Section A
-Paragraph 7
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-Glossary Current Liabilities
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Fair values as of the balance sheet date of all liabilities resulting from contracts that meet the criteria of being accounted for as derivative instruments, and which are expected to be extinguished or otherwise disposed of after one year or beyond the normal operating cycle, if longer, net of the effects of master netting arrangements.

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-Name Accounting Research Bulletin (ARB)
-Number 43
-Chapter 3
-Section A
-Paragraph 7
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-Name Statement of Financial Accounting Standard (FAS)
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Pretax Amounts related to Foreign Currency Derivative Contracts that were Recognized in and Reclassified from Accumulated Other Comprehensive Income (Loss) (Detail) - Foreign Exchange Contract - Designated as Hedging Instrument - USD ($) $ in Millions	10 Months Ended	12 Months Ended
	Nov. 07, 2009	Dec. 31, 2011	Dec. 31, 2010
Contracts qualifying for hedge accounting:
Gains (losses) recognized in accumulated other comprehensive loss		$ (50.4)	$ 9.5
(Gains) losses reclassified from accumulated other comprehensive loss		12.6	(10.8)
Comprehensive income (loss)		$ (37.8)	$ (1.3)
Predecessor
Contracts qualifying for hedge accounting:
Gains (losses) recognized in accumulated other comprehensive loss	$ (13.9)
(Gains) losses reclassified from accumulated other comprehensive loss	57.8
Comprehensive income (loss)	$ 43.9

Pre tax change in accumulated gains and losses from derivative instruments designated and qualifying as the effective portion of cash flow hedges, net of reclassifications into earnings during the period. A cash flow hedge is a hedge of the exposure to variability in the cash flows of a recognized asset or liability or a forecasted transaction that is attributable to a particular risk. Includes an entity's share of an equity investee's increase or decrease in deferred hedging gains or losses. While for technical reasons this element has no balance attribute, the default assumption is a credit balance consistent with its label.

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-Name Statement of Financial Accounting Standard (FAS)
-Number 133
-Paragraph 45
-Subparagraph b(1)
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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 133
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-Name Statement of Financial Accounting Standard (FAS)
-Number 130
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-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 14, 17, 20, 26
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-Number 133
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-Name Statement of Financial Accounting Standard (FAS)
-Number 130
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 55
-Paragraph 2
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=6920433&loc=d3e998-108581

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-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph c(3)
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Pretax Amounts Related to Interest Rate Contracts that were Recognized in and Reclassified from Accumulated Other Comprehensive Loss (Detail) - Predecessor - Interest Rate Contract - Designated as Hedging Instrument $ in Millions	10 Months Ended
	Nov. 07, 2009 USD ($)
Contracts qualifying for hedge accounting:
Gains (losses) recognized in accumulated other comprehensive loss	$ (14.2)
(Gains) losses reclassified from accumulated other comprehensive loss	11.9
Comprehensive income (loss)	$ (2.3)

Fair Value of Outstanding Commodity Swap Contracts and the Related Classification in the Condensed Consolidated Balance Sheet (Detail) $ in Millions	Dec. 31, 2011 USD ($)
Commodity Contract \| Designated as Hedging Instrument
Contracts balance sheet classification:
Other current liabilities	$ (0.3)

Pretax Amounts related to Commodity Swap Contracts that were Recognized in and Reclassified from Accumulated Other Comprehensive Income (Loss) (Detail) - Commodity Contract - Designated as Hedging Instrument - USD ($) $ in Millions	10 Months Ended	12 Months Ended
	Nov. 07, 2009	Dec. 31, 2011
Contracts qualifying for hedge accounting:
Gains (losses) recognized in accumulated other comprehensive loss		$ (0.5)
(Gains) losses reclassified from accumulated other comprehensive loss		0.2
Comprehensive income (loss)		$ (0.3)
Predecessor
Contracts qualifying for hedge accounting:
Gains (losses) recognized in accumulated other comprehensive loss	$ 1.8
(Gains) losses reclassified from accumulated other comprehensive loss	4.2
Comprehensive income (loss)	$ 6.0

Quarterly Financial Information [Line Items]

Fair Value Measurements and the Related Valuation Techniques and Fair Value Hierarchy Level (Detail) - USD ($) $ in Millions	Dec. 31, 2011	Dec. 31, 2010
Foreign Exchange Contract
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets (liabilities), at fair value	$ (44.5)	$ (0.9)
Fair Value, Measurements, Recurring \| Foreign Exchange Contract
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets (liabilities), at fair value	(44.5)	(0.9)
Fair Value, Measurements, Recurring \| Foreign Exchange Contract \| Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets (liabilities), at fair value	(44.5)	$ (0.9)
Fair Value, Measurements, Recurring \| Commodity Contract
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets (liabilities), at fair value	(0.3)
Fair Value, Measurements, Recurring \| Commodity Contract \| Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets (liabilities), at fair value	$ (0.3)

Quarterly Financial Data (Detail) - USD ($)
$ / shares in Units, $ in Millions

2 Months Ended

3 Months Ended

12 Months Ended

Dec. 31, 2009

Dec. 31, 2011

Oct. 01, 2011

Jul. 02, 2011

Apr. 02, 2011

Dec. 31, 2010

Oct. 02, 2010

Jul. 03, 2010

Apr. 03, 2010

Dec. 31, 2011

Dec. 31, 2010

Net sales

$ 1,580.9

$ 3,508.5

$ 3,460.0

$ 3,676.3

$ 3,511.7

$ 3,156.5

$ 2,820.3

$ 3,039.3

$ 2,938.5

$ 14,156.5

$ 11,954.6

Gross profit

242.7

280.5

346.6

323.4

234.9

235.8

292.8

254.8

Consolidated net income

(7.7)

113.9

108.1

185.7

162.7

123.8

98.5

165.3

73.8

570.4

461.4

Net income attributable to Lear

$ (3.8)

$ 106.5

$ 100.7

$ 177.5

$ 156.0

$ 117.1

$ 95.3

$ 159.8

$ 66.1

$ 540.7

$ 438.3

Basic net income per share attributable to Lear

$ (0.06)

^[1],[2]

$ 1.05

$ 0.97

$ 1.70

$ 1.48

$ 1.12

$ 0.92

$ 1.58

$ 0.68

$ 5.21

^[1],[2]

$ 4.30

^[1],[2]

Diluted net income per share attributable to Lear

$ (0.06)

^[1],[2]

$ 1.03

$ 0.95

$ 1.65

$ 1.44

$ 1.08

$ 0.88

$ 1.48

$ 0.61

$ 5.08

^[1],[2]

$ 4.05

^[1],[2]

[1]	Per share data for the year ended December 31, 2010, and the 2009 Successor Period has been retroactively adjusted to reflect the two-for-one stock split described in Note 11, "Capital Stock and Equity," to these consolidated financial statements.
[2]	Share and per share data for the year ended December 31, 2010, and the 2009 Successor Period has been retroactively adjusted to reflect the two-for-one stock split described in Note 11, "Capital Stock and Equity."

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 29
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph A1, A4, A5
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 5
-Subparagraph b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4K
-URI http://asc.fasb.org/extlink&oid=6922042&loc=SL4591552-111686

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=6921628&loc=SL4569616-111683

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4J
-URI http://asc.fasb.org/extlink&oid=6922042&loc=SL4591551-111686

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (a),(c)
-URI http://asc.fasb.org/extlink&oid=6921930&loc=SL4573702-111684

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph c(1)
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Supplemental Guarantor Condensed Consolidating Balance Sheets (Detail) - USD ($)
$ in Millions

Dec. 31, 2011

Dec. 31, 2010

Dec. 31, 2009

Nov. 07, 2009

$ 1,754.3

$ 1,654.1

$ 1,554.0

$ 1,254.4

1,880.1

1,758.4

637.8

554.2

489.3

418.8

4,761.5

4,385.5

1,072.0

994.7

628.6

614.6

621.4

548.8

626.3

2,249.4

2,235.6

7,010.9

6,621.1

6,073.3

4.1

2,014.3

1,838.4

1,049.2

976.0

3,063.5

2,818.5

695.4

694.9

690.9

538.9

1,386.3

1,233.8

Equity:

2,436.4

2,460.2

124.7

108.6

2,561.1

2,568.8

^[1]

2,181.8

^[1]

2,189.9

^[1]

7,010.9

6,621.1

Lear

820.3

808.8

584.9

291.1

56.4

37.1

7.7

7.5

99.4

115.5

983.8

968.9

90.2

96.2

Investments in subsidiaries

23.5

594.2

599.1

115.2

194.8

823.1

913.6

1,806.9

1,882.5

92.2

97.0

135.5

128.3

227.7

225.3

Intercompany accounts, net

695.4

694.9

(1,754.6)

(1,645.6)

202.0

147.7

(857.2)

(803.0)

Equity:

2,436.4

2,460.2

2,436.4

2,460.2

1,806.9

1,882.5

Guarantors

1.4

0.4

0.1

299.1

248.4

234.1

204.7

18.4

10.5

553.0

464.0

164.5

154.1

Investments in subsidiaries

303.9

677.4

644.2

30.9

33.6

1,176.7

1,135.8

1,729.7

1,599.8

473.7

395.3

171.0

161.3

644.7

556.6

Intercompany accounts, net

675.2

553.4

149.0

100.2

824.2

653.6

Equity:

260.8

389.6

260.8

389.6

1,729.7

1,599.8

Non-Guarantors

932.6

844.9

$ 969.0

$ 963.2

1,524.6

1,472.9

396.0

342.0

371.5

292.8

3,224.7

2,952.6

817.3

744.4

301.2

287.2

402.7

397.9

1,521.2

1,429.5

4,745.9

4,382.1

4.1

1,448.4

1,346.1

742.7

686.4

2,191.1

2,036.6

Intercompany accounts, net

1,079.4

1,092.2

339.9

291.0

1,419.3

1,383.2

Equity:

1,010.8

853.7

124.7

108.6

1,135.5

962.3

4,745.9

4,382.1

Eliminations

Investments in subsidiaries

(1,271.6)

(1,243.3)

(1,271.6)

(1,243.3)

(1,271.6)

(1,243.3)

Equity:

(1,271.6)

(1,243.3)

(1,271.6)

(1,243.3)

$ (1,271.6)

$ (1,243.3)

[1]	Amounts for the year ended December 31, 2010, and the 2009 Successor Period, have been retroactively adjusted to reflect the two-for-one stock split described in Note 11, "Capital Stock and Equity," to these consolidated financial statements.

Supplemental Guarantor Condensed Consolidating Statements of Income (Detail) - USD ($) $ in Millions	2 Months Ended	3 Months Ended								10 Months Ended	12 Months Ended
	Dec. 31, 2009	Dec. 31, 2011	Oct. 01, 2011	Jul. 02, 2011	Apr. 02, 2011	Dec. 31, 2010	Oct. 02, 2010	Jul. 03, 2010	Apr. 03, 2010	Nov. 07, 2009	Dec. 31, 2011	Dec. 31, 2010
Condensed Financial Statements, Captions [Line Items]
Net sales	$ 1,580.9	$ 3,508.5	$ 3,460.0	$ 3,676.3	$ 3,511.7	$ 3,156.5	$ 2,820.3	$ 3,039.3	$ 2,938.5		$ 14,156.5	$ 11,954.6
Cost of sales	1,508.1										12,963.3	10,936.3
Selling, general and administrative expenses	71.2										485.6	452.7
Amortization of intangible assets	4.5										28.0	27.2
Interest expense	11.1										39.7	55.4
Other (income) expense, net	19.8										24.2	34.2
Consolidated income (loss) before provision (benefit) for income taxes and equity in net (income) loss of affiliates	(33.8)										615.7	448.8
Provision (benefit) for income taxes	(24.2)										68.8	24.6
Equity in net (income) loss of affiliates	(1.9)										(23.5)	(37.2)
Consolidated net income (loss)	(7.7)	113.9	108.1	185.7	162.7	123.8	98.5	165.3	73.8		570.4	461.4
Less: Net income (loss) attributable to noncontrolling interests	(3.9)										29.7	23.1
Net income (loss) attributable to Lear	(3.8)	$ 106.5	$ 100.7	$ 177.5	$ 156.0	$ 117.1	$ 95.3	$ 159.8	$ 66.1		540.7	438.3
Lear
Condensed Financial Statements, Captions [Line Items]
Net sales	32.7										389.5	291.0
Cost of sales	49.8										467.1	382.0
Selling, general and administrative expenses	22.8										153.6	159.6
Amortization of intangible assets	0.2										1.3	1.3
Intercompany charges	1.4										4.2	4.1
Interest expense	2.5											10.1
Other intercompany (income) expense, net	(7.2)										(395.0)	(286.1)
Other (income) expense, net	18.6										3.4	22.1
Consolidated income (loss) before provision (benefit) for income taxes and equity in net (income) loss of affiliates	(55.4)										154.9	(2.1)
Provision (benefit) for income taxes	(0.6)										17.0	13.3
Equity in net (income) loss of affiliates	(0.3)										1.1	(3.7)
Equity in net (income) loss of subsidiaries	(50.7)										(403.9)	(450.0)
Consolidated net income (loss)	(3.8)										540.7	438.3
Net income (loss) attributable to Lear	(3.8)										540.7	438.3
Guarantors
Condensed Financial Statements, Captions [Line Items]
Net sales	523.3										5,231.9	4,373.0
Cost of sales	474.0										4,786.1	3,946.8
Selling, general and administrative expenses	10.2										48.9	51.8
Amortization of intangible assets	0.1										0.4	0.4
Intercompany charges	1.0										2.4	3.5
Interest expense	3.5										24.5	14.8
Other intercompany (income) expense, net	29.4										203.8	150.1
Other (income) expense, net	1.6										15.0	(8.0)
Consolidated income (loss) before provision (benefit) for income taxes and equity in net (income) loss of affiliates	3.5										150.8	213.6
Provision (benefit) for income taxes	(1.2)										3.9	1.1
Equity in net (income) loss of affiliates	0.6										(3.0)	(1.3)
Equity in net (income) loss of subsidiaries	14.8										(148.3)	(103.7)
Consolidated net income (loss)	(10.7)										298.2	317.5
Net income (loss) attributable to Lear	(10.7)										298.2	317.5
Non-Guarantors
Condensed Financial Statements, Captions [Line Items]
Net sales	1,457.1										12,668.7	10,719.3
Cost of sales	1,416.5										11,843.7	10,036.2
Selling, general and administrative expenses	38.2										283.1	241.3
Amortization of intangible assets	4.2										26.3	25.5
Intercompany charges	(2.4)										(6.6)	(7.6)
Interest expense	5.1										15.2	30.5
Other intercompany (income) expense, net	(22.2)										191.2	136.0
Other (income) expense, net	(0.4)										5.8	20.1
Consolidated income (loss) before provision (benefit) for income taxes and equity in net (income) loss of affiliates	18.1										310.0	237.3
Provision (benefit) for income taxes	(22.4)										47.9	10.2
Equity in net (income) loss of affiliates	(2.2)										(21.6)	(32.2)
Consolidated net income (loss)	42.7										283.7	259.3
Less: Net income (loss) attributable to noncontrolling interests	(3.9)										29.7	23.1
Net income (loss) attributable to Lear	46.6										254.0	236.2
Eliminations
Condensed Financial Statements, Captions [Line Items]
Net sales	(432.2)										(4,133.6)	(3,428.7)
Cost of sales	(432.2)										(4,133.6)	(3,428.7)
Equity in net (income) loss of subsidiaries	35.9										552.2	553.7
Consolidated net income (loss)	(35.9)										(552.2)	(553.7)
Net income (loss) attributable to Lear	$ (35.9)										$ (552.2)	$ (553.7)
Predecessor
Condensed Financial Statements, Captions [Line Items]
Net sales										$ 8,158.7
Cost of sales										7,871.3
Selling, general and administrative expenses										376.7
Amortization of intangible assets										4.1
Goodwill impairment charges										319.0
Interest expense										151.4
Other (income) expense, net										(16.6)
Reorganization items and fresh-start accounting adjustments, net										(270.7)
Consolidated income (loss) before provision (benefit) for income taxes and equity in net (income) loss of affiliates										(276.5)
Provision (benefit) for income taxes										29.2
Equity in net (income) loss of affiliates										64.0
Consolidated net income (loss)										(369.7)
Less: Net income (loss) attributable to noncontrolling interests										16.2
Net income (loss) attributable to Lear										(385.9)
Predecessor \| Lear
Condensed Financial Statements, Captions [Line Items]
Net sales										191.9
Cost of sales										236.1
Selling, general and administrative expenses										118.9
Amortization of intangible assets										0.2
Intercompany charges										4.5
Interest expense										102.7
Other intercompany (income) expense, net										(68.0)
Other (income) expense, net										(65.7)
Reorganization items and fresh-start accounting adjustments, net										(70.0)
Consolidated income (loss) before provision (benefit) for income taxes and equity in net (income) loss of affiliates										(66.8)
Provision (benefit) for income taxes										(24.2)
Equity in net (income) loss of affiliates										54.5
Equity in net (income) loss of subsidiaries										288.8
Consolidated net income (loss)										(385.9)
Net income (loss) attributable to Lear										(385.9)
Predecessor \| Guarantors
Condensed Financial Statements, Captions [Line Items]
Net sales										2,485.1
Cost of sales										2,342.2
Selling, general and administrative expenses										34.6
Amortization of intangible assets										0.2
Intercompany charges										1.7
Interest expense										12.6
Other intercompany (income) expense, net										122.9
Other (income) expense, net										0.4
Reorganization items and fresh-start accounting adjustments, net										274.2
Consolidated income (loss) before provision (benefit) for income taxes and equity in net (income) loss of affiliates										(303.7)
Provision (benefit) for income taxes										(3.3)
Equity in net (income) loss of affiliates										1.2
Equity in net (income) loss of subsidiaries										20.3
Consolidated net income (loss)										(321.9)
Net income (loss) attributable to Lear										(321.9)
Predecessor \| Non-Guarantors
Condensed Financial Statements, Captions [Line Items]
Net sales										7,569.2
Cost of sales										7,380.5
Selling, general and administrative expenses										223.2
Amortization of intangible assets										3.7
Intercompany charges										(6.2)
Goodwill impairment charges										319.0
Interest expense										36.1
Other intercompany (income) expense, net										(54.9)
Other (income) expense, net										48.7
Reorganization items and fresh-start accounting adjustments, net										(474.9)
Consolidated income (loss) before provision (benefit) for income taxes and equity in net (income) loss of affiliates										94.0
Provision (benefit) for income taxes										56.7
Equity in net (income) loss of affiliates										8.3
Consolidated net income (loss)										29.0
Less: Net income (loss) attributable to noncontrolling interests										16.2
Net income (loss) attributable to Lear										12.8
Predecessor \| Eliminations
Condensed Financial Statements, Captions [Line Items]
Net sales										(2,087.5)
Cost of sales										(2,087.5)
Equity in net (income) loss of subsidiaries										(309.1)
Consolidated net income (loss)										309.1
Net income (loss) attributable to Lear										$ 309.1

Supplemental Guarantor Condensed Consolidating Statements of Cash Flows (Detail) - USD ($) $ in Millions	1 Months Ended	2 Months Ended	3 Months Ended	10 Months Ended	12 Months Ended
	Aug. 04, 2009	Dec. 31, 2009	Jul. 02, 2011	Nov. 07, 2009	Dec. 31, 2011	Dec. 31, 2010
Condensed Financial Statements, Captions [Line Items]
Net Cash Provided by (Used in) Operating Activities		$ 324.0			$ 790.3	$ 621.9
Cash Flows from Investing Activities:
Additions to property, plant and equipment		(41.3)			(329.5)	(193.3)
Cost of acquisitions, net of cash acquired					(8.6)	(12.3)
Net proceeds from disposition of businesses and other assets		4.0			9.9	18.6
Other, net		(2.2)			25.0	(5.1)
Net cash used in investing activities		(39.5)			(303.2)	(192.1)
Cash Flows from Financing Activities:
Debtor-in-possession term loan borrowings	$ 500.0
Proceeds from the issuance of successor senior notes						694.5
First lien credit agreement borrowings (repayments)						(375.0)
Second lien credit agreement repayments						(550.0)
Payment of debt issuance and other financing costs	$ (36.7)		$ (4.8)		(4.8)	(17.6)
Other long-term debt repayments, net		(1.9)			(1.1)	(9.3)
Short-term borrowings (repayments), net		6.6			(4.0)	(34.0)
Repurchase of common stock					(279.1)
Dividends paid to Lear Corporation stockholders					(51.1)
Dividends paid to noncontrolling interests		(7.0)			(18.5)	(16.2)
Other, net		32.5			(13.7)	(13.1)
Net cash provided by (used in) financing activities		30.2			(372.3)	(320.7)
Effect of foreign currency translation		(15.1)			(14.6)	(9.0)
Net Change in Cash and Cash Equivalents		299.6			100.2	100.1
Cash and Cash Equivalents at Beginning of Period		1,254.4			1,654.1	1,554.0
Cash and Cash Equivalents at End of Period		1,554.0		$ 1,254.4	1,754.3	1,654.1
Predecessor
Condensed Financial Statements, Captions [Line Items]
Net Cash Provided by (Used in) Operating Activities				(499.2)
Cash Flows from Investing Activities:
Additions to property, plant and equipment				(77.5)
Cost of acquisitions, net of cash acquired				(4.4)
Net proceeds from disposition of businesses and other assets				29.7
Other, net				(0.5)
Net cash used in investing activities				(52.7)
Cash Flows from Financing Activities:
Debtor-in-possession term loan borrowings				500.0
Debtor-in-possession term loan repayments				(500.0)
First lien credit agreement borrowings (repayments)				375.0
Second lien credit agreement repayments				(50.0)
Payment of debt issuance and other financing costs				(70.6)
Other long-term debt repayments, net				(0.5)
Short-term borrowings (repayments), net				(11.4)
Prepayment of Series A preferred stock in connection with emergence from Chapter 11				(50.0)
Dividends paid to noncontrolling interests				(16.8)
Other, net				(10.7)
Net cash provided by (used in) financing activities				165.0
Effect of foreign currency translation				49.2
Net Change in Cash and Cash Equivalents				(337.7)
Cash and Cash Equivalents at Beginning of Period		1,254.4		1,592.1
Cash and Cash Equivalents at End of Period				1,254.4
Lear
Condensed Financial Statements, Captions [Line Items]
Net Cash Provided by (Used in) Operating Activities		(35.1)			230.4	(7.1)
Cash Flows from Investing Activities:
Additions to property, plant and equipment		(7.6)			(10.5)	(15.5)
Net proceeds from disposition of businesses and other assets		2.4				1.3
Other, net		(2.2)			23.2	(5.1)
Net cash used in investing activities		(7.4)			12.7	(19.3)
Cash Flows from Financing Activities:
Proceeds from the issuance of successor senior notes						694.5
First lien credit agreement borrowings (repayments)						(375.0)
Second lien credit agreement repayments						(550.0)
Payment of debt issuance and other financing costs					(4.8)	(17.6)
Repurchase of common stock					(279.1)
Dividends paid to Lear Corporation stockholders					(51.1)
Change in intercompany accounts		303.2			117.0	511.5
Other, net		33.1			(13.6)	(13.1)
Net cash provided by (used in) financing activities		336.3			(231.6)	250.3
Net Change in Cash and Cash Equivalents		293.8			11.5	223.9
Cash and Cash Equivalents at Beginning of Period		291.1			808.8	584.9
Cash and Cash Equivalents at End of Period		584.9		291.1	820.3	808.8
Lear \| Predecessor
Condensed Financial Statements, Captions [Line Items]
Net Cash Provided by (Used in) Operating Activities				(14.8)
Cash Flows from Investing Activities:
Additions to property, plant and equipment				(7.2)
Net proceeds from disposition of businesses and other assets				1.5
Other, net				0.5
Net cash used in investing activities				(5.2)
Cash Flows from Financing Activities:
Debtor-in-possession term loan borrowings				500.0
Debtor-in-possession term loan repayments				(500.0)
First lien credit agreement borrowings (repayments)				375.0
Second lien credit agreement repayments				(50.0)
Payment of debt issuance and other financing costs				(70.6)
Prepayment of Series A preferred stock in connection with emergence from Chapter 11				(50.0)
Change in intercompany accounts				(1,192.5)
Other, net				(11.4)
Net cash provided by (used in) financing activities				(999.5)
Net Change in Cash and Cash Equivalents				(1,019.5)
Cash and Cash Equivalents at Beginning of Period		291.1		1,310.6
Cash and Cash Equivalents at End of Period				291.1
Guarantors
Condensed Financial Statements, Captions [Line Items]
Net Cash Provided by (Used in) Operating Activities		134.0			164.9	311.6
Cash Flows from Investing Activities:
Additions to property, plant and equipment		(7.9)			(57.8)	(42.3)
Net proceeds from disposition of businesses and other assets		0.1				2.1
Other, net					1.9
Net cash used in investing activities		(7.8)			(55.9)	(40.2)
Cash Flows from Financing Activities:
Change in intercompany accounts		(126.1)			(108.0)	(271.1)
Other, net		(0.1)
Net cash provided by (used in) financing activities		(126.2)			(108.0)	(271.1)
Net Change in Cash and Cash Equivalents					1.0	0.3
Cash and Cash Equivalents at Beginning of Period		0.1			0.4	0.1
Cash and Cash Equivalents at End of Period		0.1		0.1	1.4	0.4
Guarantors \| Predecessor
Condensed Financial Statements, Captions [Line Items]
Net Cash Provided by (Used in) Operating Activities				(338.3)
Cash Flows from Investing Activities:
Additions to property, plant and equipment				(10.9)
Net proceeds from disposition of businesses and other assets				7.7
Other, net				(1.0)
Net cash used in investing activities				(4.2)
Cash Flows from Financing Activities:
Change in intercompany accounts				342.4
Other, net				(0.4)
Net cash provided by (used in) financing activities				342.0
Net Change in Cash and Cash Equivalents				(0.5)
Cash and Cash Equivalents at Beginning of Period		0.1		0.6
Cash and Cash Equivalents at End of Period				0.1
Non-Guarantors
Condensed Financial Statements, Captions [Line Items]
Net Cash Provided by (Used in) Operating Activities		225.1			395.0	317.4
Cash Flows from Investing Activities:
Additions to property, plant and equipment		(25.8)			(261.2)	(135.5)
Cost of acquisitions, net of cash acquired					(8.6)	(12.3)
Net proceeds from disposition of businesses and other assets		1.5			9.9	15.2
Other, net					(0.1)
Net cash used in investing activities		(24.3)			(260.0)	(132.6)
Cash Flows from Financing Activities:
Other long-term debt repayments, net		(1.9)			(1.1)	(9.3)
Short-term borrowings (repayments), net		6.6			(4.0)	(34.0)
Dividends paid to noncontrolling interests		(7.0)			(18.5)	(16.2)
Change in intercompany accounts		(177.1)			(9.0)	(240.4)
Other, net		(0.5)			(0.1)
Net cash provided by (used in) financing activities		(179.9)			(32.7)	(299.9)
Effect of foreign currency translation		(15.1)			(14.6)	(9.0)
Net Change in Cash and Cash Equivalents		5.8			87.7	(124.1)
Cash and Cash Equivalents at Beginning of Period		963.2			844.9	969.0
Cash and Cash Equivalents at End of Period		969.0		963.2	$ 932.6	$ 844.9
Non-Guarantors \| Predecessor
Condensed Financial Statements, Captions [Line Items]
Net Cash Provided by (Used in) Operating Activities				(146.1)
Cash Flows from Investing Activities:
Additions to property, plant and equipment				(59.4)
Cost of acquisitions, net of cash acquired				(4.4)
Net proceeds from disposition of businesses and other assets				20.5
Net cash used in investing activities				(43.3)
Cash Flows from Financing Activities:
Other long-term debt repayments, net				(0.5)
Short-term borrowings (repayments), net				(11.4)
Dividends paid to noncontrolling interests				(16.8)
Change in intercompany accounts				850.1
Other, net				1.1
Net cash provided by (used in) financing activities				822.5
Effect of foreign currency translation				49.2
Net Change in Cash and Cash Equivalents				682.3
Cash and Cash Equivalents at Beginning of Period		$ 963.2		280.9
Cash and Cash Equivalents at End of Period				$ 963.2

Supplemental Guarantor Condensed Consolidating Financial Statements - Additional Information (Detail) - USD ($) $ in Millions	2 Months Ended	10 Months Ended	12 Months Ended
	Dec. 31, 2009	Nov. 07, 2009	Dec. 31, 2011	Dec. 31, 2010	Mar. 26, 2010
Condensed Financial Statements, Captions [Line Items]
Selling, general and administrative expenses allocated from Lear	$ 3.2		$ 28.7	$ 15.3
Predecessor
Condensed Financial Statements, Captions [Line Items]
Selling, general and administrative expenses allocated from Lear		$ (9.6)
7.875% Senior Notes due 2018
Condensed Financial Statements, Captions [Line Items]
Long-term debt, aggregate principal amount			350.0	350.0	$ 350.0
8.125% Senior Notes due 2020
Condensed Financial Statements, Captions [Line Items]
Long-term debt, aggregate principal amount			$ 350.0	$ 350.0	$ 350.0

Summary of Long-Term Debt of Lear and the Guarantors on a Combined Basis (Detail) - USD ($) $ in Millions	Dec. 31, 2011	Dec. 31, 2010
Condensed Financial Statements, Captions [Line Items]
Senior notes	$ 695.4	$ 694.9

VALUATION AND QUALIFYING ACCOUNTS (Detail) - USD ($)
$ in Millions

2 Months Ended

10 Months Ended

12 Months Ended

Dec. 31, 2009

Nov. 07, 2009

Dec. 31, 2011

Dec. 31, 2010

$ 1,164.1

$ 1,547.4

$ 1,249.5

160.6

163.2

503.4

(75.2)

(117.5)

(187.3)

(16.5)

(18.2)

Allowance for doubtful accounts

1,249.5

$ 1,164.1

1,576.6

1,547.4

14.5

19.0

(1.8)

(4.2)

(1.0)

(0.3)

Reserve for unmerchantable inventory

30.7

14.5

83.5

22.0

105.5

(16.8)

(19.6)

(2.6)

(2.4)

86.1

83.5

Restructuring reserves

52.5

42.1

83.1

43.5

51.1

60.9

(12.9)

(30.7)

(101.9)

Allowance for deferred tax assets

83.1

52.5

62.5

42.1

1,111.6

1,407.3

1,166.4

117.1

71.1

318.0

(62.3)

(68.2)

(61.6)

(12.9)

(15.5)

1,166.4

1,111.6

$ 1,397.3

$ 1,407.3

Predecessor | Allowance for doubtful accounts

1,164.1

1,118.6

305.6

(156.9)

(103.2)

1,164.1

^[1]

16.0

^[1]

7.3

^[1]

(4.7)

Predecessor | Reserve for unmerchantable inventory

^[1]

(18.6)

^[2]

93.7

^[2]

19.9

^[2]

(13.9)

Predecessor | Restructuring reserves

^[2]

(99.7)

52.5

80.6

91.0

(119.1)

Predecessor | Allowance for deferred tax assets

52.5