| Schedule of Reconciliation of Segment Earnings to Consolidated Income Before Provision for Income Taxes and Equity |
A reconciliation of segment earnings to consolidated income before provision for income taxes and equity in net income of affiliates is shown below (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended July 4, 2026 | | Seating | | E-Systems | | Other | | Consolidated | | Revenues from external customers | $ | 4,624.1 | | | $ | 1,585.3 | | | $ | — | | | $ | 6,209.4 | | Intersegment revenues (1) | 0.7 | | | 71.8 | | | (72.5) | | | — | | Less (2): | | | | | | | | | Cost of sales | 4,232.0 | | | 1,532.2 | | | (25.1) | | | 5,739.1 | | | Gross margin | 392.8 | | | 124.9 | | | (47.4) | | | 470.3 | | | Selling, general and administrative | 101.6 | | | 35.4 | | | 60.5 | | | 197.5 | | | Amortization of intangibles | 3.1 | | | 1.8 | | | — | | | 4.9 | | | Intersegment support activities | 1.9 | | | 2.6 | | | (4.5) | | | — | | Segment earnings (3) | $ | 286.2 | | | $ | 85.1 | | | $ | (103.4) | | | 267.9 | | | Reconciliation of segment earnings: | | | | | | | | | Interest expense, net | | | | | | | 24.2 | | | Other expense, net | | | | | | | 2.8 | | | Consolidated income before provision for income taxes and equity in net income of affiliates | | | | | | | $ | 240.9 | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 28, 2025 | | Seating | | E-Systems | | Other | | Consolidated | | Revenues from external customers | $ | 4,473.9 | | | $ | 1,556.5 | | | $ | — | | | $ | 6,030.4 | | Intersegment revenues (1) | 2.9 | | | 68.7 | | | (71.6) | | | — | | Less (2): | | | | | | | | | Cost of sales | 4,092.0 | | | 1,528.6 | | | (29.3) | | | 5,591.3 | | | Gross margin | 384.8 | | | 96.6 | | | (42.3) | | | 439.1 | | | Selling, general and administrative | 95.8 | | | 37.2 | | | 53.3 | | | 186.3 | | | Amortization of intangibles | 2.9 | | | 1.8 | | | — | | | 4.7 | | | Intersegment support activities | 1.6 | | | 2.4 | | | (4.0) | | | — | | Segment earnings (3) | $ | 284.5 | | | $ | 55.2 | | | $ | (91.6) | | | 248.1 | | | Reconciliation of segment earnings: | | | | | | | | | Interest expense, net | | | | | | | 25.4 | | | Other expense, net | | | | | | | 5.2 | | | Consolidated income before provision for income taxes and equity in net income of affiliates | | | | | | | $ | 217.5 | |
| | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended July 4, 2026 | | Seating | | E-Systems | | Other | | Consolidated | | Revenues from external customers | $ | 9,028.5 | | | $ | 3,003.7 | | | $ | — | | | $ | 12,032.2 | | Intersegment revenues (1) | 1.0 | | | 143.9 | | | (144.9) | | | — | | Less (2): | | | | | | | | | Cost of sales | 8,256.6 | | | 2,909.0 | | | (54.0) | | | 11,111.6 | | | Gross margin | 772.9 | | | 238.6 | | | (90.9) | | | 920.6 | | | Selling, general and administrative | 199.5 | | | 71.3 | | | 117.0 | | | 387.8 | | | Amortization of intangibles | 6.2 | | | 3.7 | | | — | | | 9.9 | | | Intersegment support activities | 3.6 | | | 5.2 | | | (8.8) | | | — | | Segment earnings (3) | $ | 563.6 | | | $ | 158.4 | | | $ | (199.1) | | | 522.9 | | | Reconciliation of segment earnings: | | | | | | | | | Interest expense, net | | | | | | | 49.8 | | | Other expense, net | | | | | | | 15.5 | | | Consolidated income before provision for income taxes and equity in net income of affiliates | | | | | | | $ | 457.6 | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 28, 2025 | | Seating | | E-Systems | | Other | | Consolidated | | Revenues from external customers | $ | 8,625.0 | | | $ | 2,965.7 | | | $ | — | | | $ | 11,590.7 | | Intersegment revenues (1) | 4.1 | | | 132.1 | | | (136.2) | | | — | | Less (2): | | | | | | | | | Cost of sales | 7,937.9 | | | 2,906.0 | | | (51.5) | | | 10,792.4 | | | Gross margin | 691.2 | | | 191.8 | | | (84.7) | | | 798.3 | | | Selling, general and administrative | 181.3 | | | 72.7 | | | 104.7 | | | 358.7 | | | Amortization of intangibles | 6.3 | | | 3.6 | | | — | | | 9.9 | | | Intersegment support activities | 3.4 | | | 4.8 | | | (8.2) | | | — | | Segment earnings (3) | $ | 500.2 | | | $ | 110.7 | | | $ | (181.2) | | | 429.7 | | | Reconciliation of segment earnings: | | | | | | | | | Interest expense, net | | | | | | | 51.2 | | | Other expense, net | | | | | | | 25.6 | | | Consolidated income before provision for income taxes and equity in net income of affiliates | | | | | | | $ | 352.9 | | | | | | | | | |
(1) Intersegment transactions are accounted for at values comparable to unaffiliated third-party transactions. (2) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. Intersegment expenses are included within the amounts shown. (3) See definition above.
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| Schedule of Revenues from External Customers and Other Financial Information by Reportable Operating Segment |
Other segment related disclosures are shown below (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended July 4, 2026 | | Seating | | E-Systems | | Other | | Consolidated | | Depreciation | $ | 97.0 | | | $ | 44.4 | | | $ | 4.3 | | | $ | 145.7 | | | Capital expenditures | 115.2 | | | 54.3 | | | 3.2 | | | 172.7 | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 28, 2025 | | Seating | | E-Systems | | Other | | Consolidated | | Depreciation | $ | 92.3 | | | $ | 45.7 | | | $ | 5.5 | | | $ | 143.5 | | | Capital expenditures | 86.4 | | | 35.3 | | | 3.7 | | | 125.4 | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended July 4, 2026 | | Seating | | E-Systems | | Other | | Consolidated | | Depreciation | $ | 193.4 | | | $ | 88.1 | | | $ | 9.1 | | | $ | 290.6 | | | Capital expenditures | 196.2 | | | 93.5 | | | 7.6 | | | 297.3 | | | Inventories | 884.6 | | | 839.3 | | | — | | | 1,723.9 | | | Total assets | 9,292.6 | | | 4,126.2 | | | 2,231.7 | | | 15,650.5 | |
| | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 28, 2025 | | Seating | | E-Systems | | Other | | Consolidated | | Depreciation | $ | 183.1 | | | $ | 92.1 | | | $ | 10.8 | | | $ | 286.0 | | | Capital expenditures | 156.8 | | | 64.0 | | | 8.6 | | | 229.4 | | | Inventories | 866.8 | | | 817.2 | | | — | | | 1,684.0 | | | Total assets | 9,049.8 | | | 4,225.9 | | | 2,046.4 | | | 15,322.1 | |
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