Financial Review and Product Capabilities
Non-GAAP Financial Information
Adjusted Earnings Per Share
(In millions, except per share amounts)
Net income available to Lear common stockholders
Redeemable noncontrolling interest
Net income attributable to Lear
Costs related to restructuring actions
Acquisition and other related costs
Acquisition-related inventory fair value adjustments
Litigation
Insurance recoveries, net related to the destruction of assets
Loss on extinguishment of debt
Gain related to affiliate
Other
U.S. transition tax on accumulated foreign earnings
Deferred tax impact of U.S. corporate tax reform
Foreign tax credits on repatriated earnings
Tax impact of special items and other net tax adjustements
Adjusted net income attributable to Lear
Weighted average number of diluted shares outstanding
LEAR
CORPORATION
Diluted net income per share available to Lear common stockholders
Adjusted earnings per share
2012
Full Year
$ 1,282.8
2017
$ 1,287.9
25.5
1,282.8
55.6
6.2
1,313.4
74.5
3.8
5.0
15.4
(41.1)
3.7
21.2
(5.1)
(54.2)
10.1
13.5
131.0
42.5
(289.7)
(764.4)
(98.6)
$
547.8
$
1,177.8
99.8
69.3
$
12.85
$
18.59
$
5.49
$
17.00
1 Reflects the tax effect of restructuring costs and other special items and several discrete tax items, including $739.3 million related to the
reversal of a valuation allowance on our deferred tax assets in the United States in 2012 and $14.3 million related to an incentive tax credit in a
foreign subsidiary, $29.9 million related to the reversal of valuation allowances on the deferred tax assets of certain foreign subsidiaries and
$17.3 million related to the change in the accounting for share-based compensation in 2017. The identification of these tax items is judgmental
in nature, and their calculation is based on various assumptions and estimates.
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