XML 41 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
Current Assets    
Cash and cash equivalents $ 118.6 $ 62.4
Accounts receivable, net 596.9 463.4
Inventories, net 251.5 224.3
Prepaid expenses and other current assets 124.7 122.0
Total current assets 1,091.7 872.1
Property, plant and equipment, net 1,041.8 1,009.7
Deferred income taxes 360.0 366.1
Goodwill 156.5 156.4
GM postretirement cost sharing asset 251.2 259.7
Other assets and deferred charges 217.3 202.0
Total assets 3,118.5 2,866.0
Current Liabilities    
Accounts payable 485.0 396.1
Accrued compensation and benefits 102.0 84.9
Deferred revenue 14.5 17.2
Accrued expenses and other current liabilities 102.6 102.6
Total current liabilities 704.1 600.8
Long-term debt 1,572.6 1,454.1
Deferred revenue 76.7 82.2
Postretirement benefits and other long-term liabilities 811.9 849.7
Total liabilities 3,165.3 2,986.8
Stockholders' Deficit    
Common stock, par value $0.01 per share 0.8 0.8
Paid-in capital 611.4 600.9
Accumulated deficit (211.1) (275.8)
Treasury stock at cost, 6.0 million shares as of September 30, 2013 and December 31, 2012 (182.5) (182.1)
Accumulated other comprehensive income (loss), net of tax    
Defined benefit plans (258.8) (274.5)
Foreign currency translation adjustments (6.7) 7.6
Unrecognized gain on derivatives 0.1 2.3
Total AAM stockholders' deficit (46.8) (120.8)
Noncontrolling interest in subsidiaries 0 0
Total stockholders’ deficit (46.8) (120.8)
Total liabilities and stockholders' deficit $ 3,118.5 $ 2,866.0