Supplemental Guarantor Condensed Consolidating Financial Statements Supplemental Guarantor Condensed Consolidating Financial Statements (Tables)

12 Months Ended

Dec. 31, 2015

Supplemental Guarantor Condensed Consolidating Financial Statements [Abstract]

Supplemental Guarantor Consolidating Income Statement [Table Text Block]

Condensed Consolidating Statements of Income
2015	Holdings			AAM Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elims			Consolidated
	(in millions)
Net sales
External	$	—		$	1,149.0		$	210.3		$	2,543.8		$	—		$	3,903.1
Intercompany	—			9.4			258.3			19.0			(286.7		)	—
Total net sales	—			1,158.4			468.6			2,562.8			(286.7		)	3,903.1
Cost of goods sold	—			1,114.5			385.2			2,054.7			(286.7		)	3,267.7
Gross profit	—			43.9			83.4			508.1			—			635.4
Selling, general and administrative expenses	—			210.6			0.1			66.6			—			277.3
Operating income (loss)	—			(166.7		)	83.3			441.5			—			358.1
Non-operating income (expense), net	—			(99.3		)	10.1			3.8			—			(85.4		)
Income (loss) before income taxes	—			(266.0		)	93.4			445.3			—			272.7
Income tax expense	—			21.6			5.5			10.0			—			37.1
Earnings (loss) from equity in subsidiaries	235.6			262.3			(20.8		)	—			(477.1		)	—
Net income (loss) before royalties	235.6			(25.3		)	67.1			435.3			(477.1		)	235.6
Royalties	—			260.9			—			(260.9		)	—			—
Net income after royalties	235.6			235.6			67.1			174.4			(477.1		)	235.6
Other comprehensive loss, net of tax	(59.6		)	(59.6		)	(63.6		)	(68.4		)	191.6			(59.6		)
Comprehensive income	$	176.0		$	176.0		$	3.5		$	106.0		$	(285.5	)	$	176.0

2014	Holdings			AAM Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elims			Consolidated
Net sales
External	$	—		$	1,099.5		$	225.1		$	2,371.4		$	—		$	3,696.0
Intercompany	—			13.1			246.9			21.6			(281.6		)	—
Total net sales	—			1,112.6			472.0			2,393.0			(281.6		)	3,696.0
Cost of goods sold	—			1,112.4			396.1			1,946.3			(281.6		)	3,173.2
Gross profit	—			0.2			75.9			446.7			—			522.8
Selling, general and administrative expenses	—			194.0			0.2			61.0			—			255.2
Operating income (loss)	—			(193.8		)	75.7			385.7			—			267.6
Non-operating income (expense), net	—			(103.0		)	9.0			3.1			—			(90.9		)
Income (loss) before income taxes	—			(296.8		)	84.7			388.8			—			176.7
Income tax expense (benefit)	—			(11.8		)	0.9			44.6			—			33.7
Earnings (loss) from equity in subsidiaries	143.0			204.0			(23.3		)	—			(323.7		)	—
Net income (loss) before royalties	143.0			(81.0		)	60.5			344.2			(323.7		)	143.0
Royalties	—			224.0			—			(224.0		)	—			—
Net income after royalties	143.0			143.0			60.5			120.2			(323.7		)	143.0
Other comprehensive loss, net of tax	(80.7		)	(80.7		)	(23.5		)	(34.8		)	139.0			(80.7		)
Comprehensive income	$	62.3		$	62.3		$	37.0		$	85.4		$	(184.7	)	$	62.3
2013	Holdings			AAM Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elims			Consolidated
Net sales
External	$	—		$	773.6		$	226.0		$	2,207.7		$	—		$	3,207.3
Intercompany	—			15.3			226.1			14.0			(255.4		)	—
Total net sales	—			788.9			452.1			2,221.7			(255.4		)	3,207.3
Cost of goods sold	—			769.4			389.0			1,825.6			(255.4		)	2,728.6
Gross profit	—			19.5			63.1			396.1			—			478.7
Selling, general and administrative expenses	—			182.4			0.1			55.9			—			238.4
Operating income (loss)	—			(162.9		)	63.0			340.2			—			240.3
Non-operating income (expense), net	—			(155.1		)	10.7			(9.6		)	—			(154.0		)
Income (loss) before income taxes	—			(318.0		)	73.7			330.6			—			86.3
Income tax expense (benefit)	—			(24.9		)	0.9			15.8			—			(8.2		)
Earnings (loss) from equity in subsidiaries	94.5			167.0			(21.7		)	—			(239.8		)	—
Net income (loss) before royalties	94.5			(126.1		)	51.1			314.8			(239.8		)	94.5
Royalties	—			220.6			—			(220.6		)	—			—
Net income after royalties	94.5			94.5			51.1			94.2			(239.8		)	94.5
Other comprehensive income (loss), net of tax	48.4			48.4			(7.2		)	(10.8		)	(30.4		)	48.4
Comprehensive income	$	142.9		$	142.9		$	43.9		$	83.4		$	(270.2	)	$	142.9

Supplemental Guarantor Consolidating Balance Sheet [Table Text Block]

Condensed Consolidating Balance Sheets
2015	Holdings		AAM Inc.			Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Elims			Consolidated
Assets	(in millions)
Current assets
Cash and cash equivalents	$	—	$	52.0		$	—	$	230.5	$	—		$	282.5
Accounts receivable, net	—		127.2			19.7		392.2		—			539.1
Intercompany receivables	—		311.8			249.7		9.4		(570.9		)	—
Inventories, net	—		59.8			31.1		139.6		—			230.5
Other current assets	—		30.4			0.5		41.2		—			72.1
Total current assets	—		581.2			301.0		812.9		(570.9		)	1,124.2
Property, plant and equipment, net	—		214.1			91.9		740.2		—			1,046.2
Goodwill	—		—			147.8		6.6		—			154.4
Intercompany notes and accounts receivable	—		393.5			252.2		—		(645.7		)	—
Other assets and deferred charges	—		683.6			41.4		152.9		—			877.9
Investment in subsidiaries	622.3		1,315.9			—		—		(1,938.2		)	—
Total assets	$	622.3	$	3,188.3		$	834.3	$	1,712.6	$	(3,154.8	)	$	3,202.7
Liabilities and stockholders' equity
Current liabilities
Current portion of long-term debt	$	—				$	—	$	3.3	$	—		$	3.3
Accounts payable	—		103.0			35.8		273.9		—			412.7
Intercompany payables	—		248.7			154.9		167.3		(570.9		)	—
Other current liabilities	—		134.2			4.1		144.9		—			283.2
Total current liabilities	—		485.9			194.8		589.4		(570.9		)	699.2
Intercompany notes and accounts payable	320.8		10.3			—		314.6		(645.7		)	—
Long-term debt, net	—		1,336.5			4.5		34.7		—			1,375.7
Investment in subsidiaries obligation	—		—			111.7				(111.7		)	—
Other long-term liabilities	—		733.3			0.5		92.5		—			826.3
Total liabilities	320.8		2,566.0			311.5		1,031.2		(1,328.3		)	2,901.2
Total stockholders' equity	301.5		622.3			522.8		681.4		(1,826.5		)	301.5
Total liabilities and stockholders' equity	$	622.3	$	3,188.3		$	834.3	$	1,712.6	$	(3,154.8	)	$	3,202.7
2014	Holdings		AAM Inc.			Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Elims			Consolidated
Assets
Current assets
Cash and cash equivalents	$	—	$	69.7		$	—	$	179.5	$	—		$	249.2
Accounts receivable, net	—		137.5			23.9		371.3		—			532.7
Intercompany receivables	—		231.0			174.1		10.0		(415.1		)	—
Inventories, net	—		64.9			32.3		151.6		—			248.8
Other current assets	—		53.6			2.6		52.6		—			108.8
Total current assets	—		556.7			232.9		765.0		(415.1		)	1,139.5
Property, plant and equipment, net	—		230.0			87.9		743.2		—			1,061.1
Goodwill	—		—			147.9		7.1		—			155.0
Intercompany notes and accounts receivable	—		509.4			219.1		—		(728.5		)	—
Other assets and deferred charges	—		717.8		(a)	45.7		121.3		—			884.8		(a)
Investment in subsidiaries	433.8		1,134.6			—		—		(1,568.4		)	—
Total assets	$	433.8	$	3,148.5	(a)	$	733.5	$	1,636.6	$	(2,712.0	)	$	3,240.4	(a)
Liabilities and stockholders' equity
Current liabilities
Current portion of long-term debt	$	—	$	9.4		$	—	$	3.6	$	—		$	13.0
Accounts payable	—		127.3			38.9		278.1		—			444.3
Intercompany payables	—		177.0			105.3		132.8		(415.1		)	—
Other current liabilities	—		121.0			4.4		104.5		—			229.9
Total current liabilities	—		434.7			148.6		519.0		(415.1		)	687.2
Intercompany notes and accounts payable	320.4		6.9			—		401.2		(728.5		)	—
Long-term debt, net	—		1,464.3		(a)	4.9		35.4		—			1,504.6		(a)
Investment in subsidiaries obligation	—		—			53.8		—		(53.8		)	—
Other long-term liabilities	—		808.8			0.6		125.8		—			935.2
Total liabilities	320.4		2,714.7		(a)	207.9		1,081.4		(1,197.4		)	3,127.0		(a)
Total stockholders' equity	113.4		433.8			525.6		555.2		(1,514.6		)	113.4
Total liabilities and stockholders' equity	$	433.8	$	3,148.5	(a)	$	733.5	$	1,636.6	$	(2,712.0	)	$	3,240.4	(a)

(a) These amounts have been adjusted to reflect the impact of retrospectively adopting ASU 2015-03 as described in Item 8. Financial Statements and Supplementary Data - Note 1 - Organization and Summary of Significant Accounting Policies.

Supplemental Guarantor Consolidating Statement of Cash Flows [Table Text Block]

Condensed Consolidating Statements of Cash Flows
2015	Holdings			AAM Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elims			Consolidated
	(in millions)
Net cash provided by operating activities	$	—		$	163.7		$	68.1		$	145.8		$	—		$	377.6
Investing activities
Purchases of property, plant and equipment	—			(36.4		)	(12.8		)	(144.3		)	—			(193.5		)
Proceeds from sale of property, plant and equipment	—			0.1			0.1			0.1			—			0.3
Proceeds from government grants	—			—			—			5.1			—			5.1
Intercompany activity	—			—			(55.0		)	—			55.0			—
Net cash used in investing activities	—			(36.3		)	(67.7		)	(139.1		)	55.0			(188.1		)
Financing activities
Net debt activity	—			(142.8		)	(0.4		)	3.0			—			(140.2		)
Employee stock option exercises	—			0.8			—			—			—			0.8
Purchase of treasury stock	(3.1		)	—			—			—			—			(3.1		)
Purchase of noncontrolling interest	—			—			—			(1.1		)	—			(1.1		)
Intercompany activity	3.1			(3.1		)	—			55.0			(55.0		)	—
Net cash provided by (used in) financing activities	—			(145.1		)	(0.4		)	56.9			(55.0		)	(143.6		)
Effect of exchange rate changes on cash	—			—			—			(12.6		)	—			(12.6		)
Net increase (decrease) in cash and cash equivalents	—			(17.7		)	—			51.0			—			33.3
Cash and cash equivalents at beginning of period	—			69.7			—			179.5			—			249.2
Cash and cash equivalents at end of period	$	—		$	52.0		$	—		$	230.5		$	—		$	282.5
2014	Holdings			AAM Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elims			Consolidated
Net cash provided by operating activities	$	—		$	83.4		$	41.9		$	193.1		$	—		$	318.4
Investing activities
Purchases of property, plant and equipment	—			(51.3		)	(18.6		)	(136.6		)	—			(206.5		)
Proceeds from sale of property, plant and equipment	—			7.9			0.4			0.8			—			9.1
Proceeds from government grants	—			—			—			2.1			—			2.1
Intercompany activity	—			—			(23.3		)	—			23.3			—
Net cash used in investing activities	—			(43.4		)	(41.5		)	(133.7		)	23.3			(195.3		)
Financing activities
Net debt activity	—			(7.8		)	(0.4		)	(13.8		)	—			(22.0		)
Debt issuance costs	—			(0.3		)	—			—			—			(0.3		)
Employee stock option exercises	—			1.2			—			—			—			1.2
Purchase of treasury stock	(0.3		)	—			—			—			—			(0.3		)
Intercompany activity	0.3			(0.3		)	—			23.3			(23.3		)	—
Net cash provided by (used in) financing activities	—			(7.2		)	(0.4		)	9.5			(23.3		)	(21.4		)
Effect of exchange rate changes on cash	—			—			—			(6.5		)	—			(6.5		)
Net increase in cash and cash equivalents	—			32.8			—			62.4			—			95.2
Cash and cash equivalents at beginning of period	—			36.9			—			117.1			—			154.0
Cash and cash equivalents at end of period	$	—		$	69.7		$	—		$	179.5		$	—		$	249.2

2013	Holdings			AAM Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elims			Consolidated
Net cash provided by (used in) operating activities	$	—		$	(35.9	)	$	64.9		$	194.0		$	—		$	223.0
Investing activities
Purchases of property, plant and equipment	—			(61.2		)	(12.5		)	(178.2		)	—			(251.9		)
Proceeds from sale of property, plant and equipment	—			5.1			0.5			3.5			—			9.1
Proceeds from sale-leaseback of equipment	—			24.1			—			—			—			24.1
Intercompany activity	—			—			(52.6		)	—			52.6			—
Net cash used in investing activities	—			(32.0		)	(64.6		)	(174.7		)	52.6			(218.7		)
Financing activities
Net debt activity	—			110.1			(0.3		)	(5.0		)	—			104.8
Debt issuance costs	—			(16.6		)	—			(0.1		)	—			(16.7		)
Employee stock option exercises	—			1.1			—			—			—			1.1
Purchase of treasury stock	(0.4		)	—			—			—			—			(0.4		)
Intercompany activity	0.4			(0.4		)	—			52.6			(52.6		)	—
Net cash provided by (used in) financing activities	—			94.2			(0.3		)	47.5			(52.6		)	88.8
Effect of exchange rate changes on cash	—			—			—			(1.5		)	—			(1.5		)
Net increase in cash and cash equivalents	—			26.3			—			65.3			—			91.6
Cash and cash equivalents at beginning of period	—			10.6			—			51.8			—			62.4
Cash and cash equivalents at end of period	$	—		$	36.9		$	—		$	117.1		$	—		$	154.0