Risk Sleuth
LEA · 10-K filed 13 Feb 2026 · year to 31 Dec 2025

Lear

31 named things its latest annual report says its results depend on, each in the company's own words. 23 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Customers

General Motors

earns from · 22% of our net salesnamed as a risk
In 2025, General Motors, one of the largest automotive and light truck manufacturers in the world, accounted for 22% of our net sales.Business (Item 1)

Also named by ALLY, AN, BRK/B, BWA, GNTX, THO, UHAL/B

Stellantis

earns from · 9%named as a risk
In addition, Ford accounted for 12%, Mercedes-Benz and Volkswagen each accounted for 10% and Stellantis accounted for 9% of our 2025 net sales.Business (Item 1)

Also named by ACHR, ALLY, AN, BWA, MOD, THO

Volkswagen

earns from · 10%named as a risk
In addition, Ford accounted for 12%, Mercedes-Benz and Volkswagen each accounted for 10% and Stellantis accounted for 9% of our 2025 net sales.Business (Item 1)

Also named by AN, BWA, MOD, THO

Mercedes-Benz

earns from · 10%named as a risk
In addition, Ford accounted for 12%, Mercedes-Benz and Volkswagen each accounted for 10% and Stellantis accounted for 9% of our 2025 net sales.Business (Item 1)

Also named by AN, PAG, THO

Ford

earns from · 12%named as a risk
In addition, Ford accounted for 12%, Mercedes-Benz and Volkswagen each accounted for 10% and Stellantis accounted for 9% of our 2025 net sales.Business (Item 1)

Also named by BWA, THO

Jaguar Land Rover

earns fromnamed as a risk
Industry production in the second half of 2025 was impacted by production disruptions at Jaguar Land Rover due to a cybersecurity incident.Business (Item 1)

Also named by PAG

BMW

earns from
The top five customers of our Seating segment are: General Motors, Mercedes-Benz, Stellantis, Volkswagen and BMW.Business (Item 1)

Also named by AN, PAG

Geely

earns from
The top five customers of our E-Systems segment are: Ford, General Motors, Jaguar Land Rover, Geely (including Polestar and Volvo) and Volkswagen.Business (Item 1)

Partners and platforms

Asia joint ventures

concentrated in · approximately 9% of our net salesnamed as a risk
Net sales of our consolidated joint ventures accounted for approximately 9% of our net sales in 2025.Business (Item 1)

Palantir Technologies

depends on
Further, our partnership with Palantir has enabled increased digitalization of our operations leading to enhanced visibility, control, efficiency and quality.Business (Item 1)

Also named by LHX

Other companies

United Auto Workers

approximately 67% of our global unionized work forcenamed as a risk
Labor agreements covering approximately 67% of our global unionized work force are scheduled to expire in 2026.Risk factors (Item 1A)

Also named by BWA, DCH, DE, F, GM, HWM, OSK

Competitors

Chinese domestic automakers

competes withnamed as a risk
As these traditional automakers are among our largest customers, our business and financial results may be adversely affected by decreases in their businesses or market share.Risk factors (Item 1A)

Adient plc

competes with
Key competitors in the Seating segment globally include Adient plc, Forvia SE, Magna International Inc., Ningbo Jifeng Auto Parts Co., Ltd. / Grammer AG, Toyota Boshoku Corporation, TS Tech Co., Ltd. and Yanfeng Automotive Systems Co., Ltd., which have varying market presence depending on the region, country or automotive manufacturer.Business (Item 1)

Aptiv PLC

competes with
Key competitors in electrical distribution and connection systems include Aptiv PLC, Leoni AG, Molex Incorporated (a subsidiary of Koch Industries Inc.), Sumitomo Corporation, TE Connectivity and Yazaki Corporation.Business (Item 1)

Places

China

earns from · $ 3,041.1named as a risk
Also, China presents unique risks to U.S. automotive manufacturers due to the strain in U.S.-China relations and the level of integration with key components in our global supply chain.Risk factors (Item 1A)

Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more

Mexico

operates in · 48,600named as a risk
The assembly process is labor intensive, and as a result, production is generally performed in low-cost labor sites in Mexico, Honduras, Brazil, Eastern Europe, Africa, China and the Philippines.Business (Item 1)

Also named by AAP, AME, AMRC, ANET, AOS, ARES, AYI, AZO and 83 more

Europe

earns from · 8,029.3
Although industry production returned to pre-pandemic levels in 2023, industry production in 2025 remained approximately 2% below 2017 peak levels, and 2025 industry production levels in North America and Europe, our two largest markets, remained approximately 10% and 24%, respectively, below prior peak levels.Business (Item 1)

Also named by ADSK, AME, AMRC, ATR, BCSF, BKNG, BMI, BMY and 60 more

North America

earns from · $ 9,809.4
Although industry production returned to pre-pandemic levels in 2023, industry production in 2025 remained approximately 2% below 2017 peak levels, and 2025 industry production levels in North America and Europe, our two largest markets, remained approximately 10% and 24%, respectively, below prior peak levels.Business (Item 1)

Also named by ALSN, AOS, BMI, CAG, CAT, CHRW, CLS, CPB and 19 more

Commodities and inputs

Copper

exposed to its pricenamed as a risk
In general, our copper purchases, as well as a significant portion of our leather purchases, are subject to price index agreements with our customers and suppliers.Business (Item 1)

Also named by AAON, AGX, AMKR, APG, APH, APLD, BMI, BWA and 58 more

Steel

exposed to its pricenamed as a risk
Therefore, our exposure to changes in steel prices is primarily indirect, through these purchased components.Business (Item 1)

Also named by AAON, AGX, ALSN, AM, AME, AMRC, AOS, APD and 104 more

Aluminum

depends onnamed as a risk
Key material inputs to our connection systems business include metals, such as copper and aluminum, and various resins.Business (Item 1)

Also named by AAON, ACHR, ALSN, AYI, BA, BALL, BF/B, BWA and 59 more

Euro

exposed to its pricenamed as a risk
Our current sales backlog assumes volumes based on the independent industry projections of S&P Global Mobility as of January 2026 and internal estimates, a Euro exchange rate of $1.16/Euro and a Chinese renminbi exchange rate of 7.10/$.Business (Item 1)

Also named by ABBV, ABNB, ABT, ADBE, ADI, AME, AMG, AMGN and 186 more

Chinese renminbi

exposed to its pricenamed as a risk
Currently, our most significant foreign currency transactional exposures relate to the Mexican peso, various European currencies, the Moroccan dirham, the Chinese renminbi and the Honduran lempira.Market risk (Item 7A)

Also named by AAOI, ALB, AOS, APD, BBW, BWA, CGNX, COHR and 15 more

Mexican peso

exposed to its pricenamed as a risk
Currently, our most significant foreign currency transactional exposures relate to the Mexican peso, various European currencies, the Moroccan dirham, the Chinese renminbi and the Honduran lempira.Market risk (Item 7A)

Also named by AYI, AZO, BAX, CCK, CDRE, CP, DCH, EZPW and 14 more

Leather

exposed to its pricenamed as a risk
In general, our copper purchases, as well as a significant portion of our leather purchases, are subject to price index agreements with our customers and suppliers.Business (Item 1)

Also named by TPR, VFC

Honduran lempira

exposed to its pricenamed as a risk
Currently, our most significant foreign currency transactional exposures relate to the Mexican peso, various European currencies, the Moroccan dirham, the Chinese renminbi and the Honduran lempira.Market risk (Item 7A)

Also named by EZPW

Moroccan dirham

exposed to its pricenamed as a risk
Currently, our most significant foreign currency transactional exposures relate to the Mexican peso, various European currencies, the Moroccan dirham, the Chinese renminbi and the Honduran lempira.Market risk (Item 7A)

Laws and programs

U.S. tariffs (Trump administration)

subject tonamed as a risk
We have entered into contractual agreements with our customers to recover substantially all tariff costs incurred to date and have implemented certain actions, and continue to consider others, to counter the potential impact of such tariffs on our business, financial condition and results of operations, including, without limitation, participating in efforts to inform the U.S. and certain foreign administrations and legislatures of the impact of current trade and tariff policies on the automotive industry and evaluating our production footprint and alternatives in our supply chain.Risk factors (Item 1A)

Also named by A, AAPL, ACHR, ADI, AEHR, AEP, AIOT, AKAM and 170 more

United States-Mexico-Canada Agreement (USMCA)

subject tonamed as a risk
There can be no assurances that the USMCA will be renewed or, if renewed, any newly negotiated terms in the USMCA will not adversely affect our business.Risk factors (Item 1A)

Also named by AYI, BMI, BWA, CLF, CMI, CP, CW, DCH and 29 more

Dominican Republic-Central America-United States Free Trade Agreement

subject tonamed as a risk
The current trade environment could impact the status of other trade agreements between the United States and countries other than Canada and Mexico, including, without limitation, the Dominican Republic-Central America-United States Free Trade Agreement.Risk factors (Item 1A)

Technology

Electric vehicle adoption in the United States

earns fromnamed as a risk
This has resulted in, among other things, various volume decreases related to, and cancellations of, vehicle programs for which we are a supplier, as well as general uncertainty about the overall rate of transition to electric and hybrid vehicles in certain regions.Risk factors (Item 1A)