XML 56 R46.htm IDEA: XBRL DOCUMENT v3.5.0.2
Supplemental Guarantor Condensed Consolidating Financial Statements Supplemental Guarantor Condensed Consolidating Statements of Income (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Net sales        
External $ 1,025.4 $ 1,004.0 $ 1,994.6 $ 1,973.1
Intercompany 0.0 0.0 0.0 0.0
Total net sales 1,025.4 1,004.0 1,994.6 1,973.1
Cost of goods sold 834.0 839.5 1,629.2 1,655.8
Gross profit 191.4 164.5 365.4 317.3
Selling, general and administrative expenses 79.9 70.6 155.5 139.1
Operating Income (loss) 111.5 93.9 209.9 178.2
Non-operating income (expense), net (19.8) (22.4) (41.8) (44.3)
Income (loss) before income taxes 91.7 71.5 168.1 133.9
Income tax expense 20.7 12.9 36.0 22.1
Earnings (loss) from equity in subsidiaries 0.0 0.0 0.0 0.0
Net income (loss) before royalties 71.0 58.6 132.1 111.8
Royalties 0.0 0.0 0.0 0.0
Net income after royalties 71.0 58.6 132.1 111.8
Other comprehensive income (loss), net of tax (4.4) 2.7 18.2 (25.4)
Comprehensive income 66.6 61.3 150.3 86.4
Holdings [Member]        
Net sales        
External 0.0 0.0 0.0 0.0
Intercompany 0.0 0.0 0.0 0.0
Total net sales 0.0 0.0 0.0 0.0
Cost of goods sold 0.0 0.0 0.0 0.0
Gross profit 0.0 0.0 0.0 0.0
Selling, general and administrative expenses 0.0 0.0 0.0 0.0
Operating Income (loss) 0.0 0.0 0.0 0.0
Non-operating income (expense), net 0.0 0.0 0.0 0.0
Income (loss) before income taxes 0.0 0.0 0.0 0.0
Income tax expense 0.0 0.0 0.0 0.0
Earnings (loss) from equity in subsidiaries 71.0 58.6 132.1 111.8
Net income (loss) before royalties 71.0 58.6 132.1 111.8
Royalties 0.0 0.0 0.0 0.0
Net income after royalties 71.0 58.6 132.1 111.8
Other comprehensive income (loss), net of tax (4.4) 2.7 18.2 (25.4)
Comprehensive income 66.6 61.3 150.3 86.4
AAM Inc. [Member]        
Net sales        
External 308.4 298.7 591.6 573.6
Intercompany 2.8 2.4 4.4 5.5
Total net sales 311.2 301.1 596.0 579.1
Cost of goods sold 291.8 292.7 568.1 563.6
Gross profit 19.4 8.4 27.9 15.5
Selling, general and administrative expenses 70.2 60.1 137.7 119.6
Operating Income (loss) (50.8) (51.7) (109.8) (104.1)
Non-operating income (expense), net (23.5) (25.3) (47.8) (50.7)
Income (loss) before income taxes (74.3) (77.0) (157.6) (154.8)
Income tax expense 13.2 7.5 21.0 12.0
Earnings (loss) from equity in subsidiaries 86.3 81.6 179.2 156.5
Net income (loss) before royalties (1.2) (2.9) 0.6 (10.3)
Royalties 72.2 61.5 131.5 122.1
Net income after royalties 71.0 58.6 132.1 111.8
Other comprehensive income (loss), net of tax (4.4) 2.7 18.2 (25.4)
Comprehensive income 66.6 61.3 150.3 86.4
Guarantor Subsidiaries [Member]        
Net sales        
External 56.7 56.7 111.5 113.9
Intercompany 63.3 65.9 123.0 130.3
Total net sales 120.0 122.6 234.5 244.2
Cost of goods sold 96.9 99.7 189.4 200.3
Gross profit 23.1 22.9 45.1 43.9
Selling, general and administrative expenses 0.0 0.0 0.0 0.0
Operating Income (loss) 23.1 22.9 45.1 43.9
Non-operating income (expense), net 2.5 2.8 5.5 5.1
Income (loss) before income taxes 25.6 25.7 50.6 49.0
Income tax expense 0.1 0.1 0.2 (0.3)
Earnings (loss) from equity in subsidiaries (11.3) (3.4) (20.9) (9.4)
Net income (loss) before royalties 14.2 22.2 29.5 39.9
Royalties 0.0 0.0 0.0 0.0
Net income after royalties 14.2 22.2 29.5 39.9
Other comprehensive income (loss), net of tax 6.5 (0.2) 22.2 (27.2)
Comprehensive income 20.7 22.0 51.7 12.7
Non-Guarantor Subsidiaries [Member]        
Net sales        
External 660.3 648.6 1,291.5 1,285.6
Intercompany 4.1 5.3 7.8 9.9
Total net sales 664.4 653.9 1,299.3 1,295.5
Cost of goods sold 515.5 520.7 1,006.9 1,037.6
Gross profit 148.9 133.2 292.4 257.9
Selling, general and administrative expenses 9.7 10.5 17.8 19.5
Operating Income (loss) 139.2 122.7 274.6 238.4
Non-operating income (expense), net 1.2 0.1 0.5 1.3
Income (loss) before income taxes 140.4 122.8 275.1 239.7
Income tax expense 7.4 5.3 14.8 10.4
Earnings (loss) from equity in subsidiaries 0.0 0.0 0.0 0.0
Net income (loss) before royalties 133.0 117.5 260.3 229.3
Royalties (72.2) (61.5) (131.5) (122.1)
Net income after royalties 60.8 56.0 128.8 107.2
Other comprehensive income (loss), net of tax 0.4 (0.3) 20.2 (29.0)
Comprehensive income 61.2 55.7 149.0 78.2
Consolidation, Eliminations [Member]        
Net sales        
External 0.0 0.0 0.0 0.0
Intercompany (70.2) (73.6) (135.2) (145.7)
Total net sales (70.2) (73.6) (135.2) (145.7)
Cost of goods sold (70.2) (73.6) (135.2) (145.7)
Gross profit 0.0 0.0 0.0 0.0
Selling, general and administrative expenses 0.0 0.0 0.0 0.0
Operating Income (loss) 0.0 0.0 0.0 0.0
Non-operating income (expense), net 0.0 0.0 0.0 0.0
Income (loss) before income taxes 0.0 0.0 0.0 0.0
Income tax expense 0.0 0.0 0.0 0.0
Earnings (loss) from equity in subsidiaries (146.0) (136.8) (290.4) (258.9)
Net income (loss) before royalties (146.0) (136.8) (290.4) (258.9)
Royalties 0.0 0.0 0.0 0.0
Net income after royalties (146.0) (136.8) (290.4) (258.9)
Other comprehensive income (loss), net of tax (2.5) (2.2) (60.6) 81.6
Comprehensive income $ (148.5) $ (139.0) $ (351.0) $ (177.3)