XML 23 R80.htm IDEA: XBRL DOCUMENT v3.19.3
Supplemental Guarantor Condensed Consolidating Statements of Operations (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Net sales        
External $ 1,677.4 $ 1,817.0 $ 5,100.9 $ 5,576.3
Intercompany 0.0 0.0 0.0 0.0
Net sales 1,677.4 1,817.0 5,100.9 5,576.3
Cost of goods sold 1,428.7 1,549.6 4,381.7 4,661.2
Gross profit 248.7 267.4 719.2 915.1
Selling, general and administrative expenses 92.7 96.3 274.7 288.6
Amortization of intangible assets 23.7 24.8 73.6 74.5
Impairment charge 225.0 0.0 225.0 0.0
Restructuring and acquisition-related costs 11.7 11.7 36.0 66.8
Gain on sale of business 0.0 0.0 0.0 (15.5)
Operating income (loss) (104.4) 134.6 109.9 500.7
Non-operating income (expense), net (60.1) (59.1) (177.0) (164.5)
Income (loss) before income taxes (164.5) 75.5 (67.1) 336.2
Income tax expense (benefit) (40.4) 11.5 (37.4) 31.4
Earnings (loss) from equity in subsidiaries 0.0 0.0 0.0 0.0
Net income (loss) before royalties (124.1) 64.0 (29.7) 304.8
Royalties 0.0 0.0 0.0 0.0
Net income (loss) after royalties (124.1) 64.0 (29.7) 304.8
Net income attributable to noncontrolling interests (0.1) (0.2) (0.4) (0.5)
Net income (loss) attributable to AAM (124.2) 63.8 (30.1) 304.3
Other comprehensive income (loss), net of tax (44.8) 1.5 (58.9) (20.9)
Comprehensive income (loss) attributable to AAM (169.0) 65.3 (89.0) 283.4
Consolidation, Eliminations [Member]        
Net sales        
External 0.0 0.0 0.0 0.0
Intercompany (94.0) (87.1) (258.5) (266.7)
Net sales (94.0) (87.1) (258.5) (266.7)
Cost of goods sold (94.0) (87.1) (258.5) (266.7)
Gross profit 0.0 0.0 0.0 0.0
Selling, general and administrative expenses 0.0 0.0 0.0 0.0
Amortization of intangible assets 0.0 0.0 0.0 0.0
Impairment charge 0.0   0.0  
Restructuring and acquisition-related costs 0.0 0.0 0.0 0.0
Gain on sale of business       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 (benefit) 0.0 0.0 0.0 0.0
Earnings (loss) from equity in subsidiaries 35.5 (165.7) (207.1) (687.5)
Net income (loss) before royalties 35.5 (165.7) (207.1) (687.5)
Royalties 0.0 0.0 0.0 0.0
Net income (loss) after royalties 35.5 (165.7) (207.1) (687.5)
Net income attributable to noncontrolling interests 0.0 0.0 0.0 0.0
Net income (loss) attributable to AAM 35.5 (165.7) (207.1) (687.5)
Other comprehensive income (loss), net of tax 98.2 9.3 101.8 90.4
Comprehensive income (loss) attributable to AAM 133.7 (156.4) (105.3) (597.1)
Holdings [Member]        
Net sales        
External 0.0 0.0 0.0 0.0
Intercompany 0.0 0.0 0.0 0.0
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
Amortization of intangible assets 0.0 0.0 0.0 0.0
Impairment charge 0.0   0.0  
Restructuring and acquisition-related costs 0.0 0.0 0.0 0.0
Gain on sale of business       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 (benefit) 0.0 0.0 0.0 0.0
Earnings (loss) from equity in subsidiaries (124.2) 63.8 (30.1) 304.3
Net income (loss) before royalties (124.2) 63.8 (30.1) 304.3
Royalties 0.0 0.0 0.0 0.0
Net income (loss) after royalties (124.2) 63.8 (30.1) 304.3
Net income attributable to noncontrolling interests 0.0 0.0 0.0 0.0
Net income (loss) attributable to AAM (124.2) 63.8 (30.1) 304.3
Other comprehensive income (loss), net of tax (44.8) 1.5 (58.9) (20.9)
Comprehensive income (loss) attributable to AAM (169.0) 65.3 (89.0) 283.4
AAM Inc. [Member]        
Net sales        
External 205.7 247.1 711.8 851.4
Intercompany 0.5 0.7 1.5 4.0
Net sales 206.2 247.8 713.3 855.4
Cost of goods sold 221.2 220.6 721.1 804.5
Gross profit (15.0) 27.2 (7.8) 50.9
Selling, general and administrative expenses 68.9 63.4 208.9 183.4
Amortization of intangible assets 1.4 1.0 4.3 3.9
Impairment charge 0.0   0.0  
Restructuring and acquisition-related costs 6.2 5.0 17.1 31.1
Gain on sale of business       0.0
Operating income (loss) (91.5) (42.2) (238.1) (167.5)
Non-operating income (expense), net (62.7) (60.0) (184.0) (193.8)
Income (loss) before income taxes (154.2) (102.2) (422.1) (361.3)
Income tax expense (benefit) (8.5) (1.0) (23.2) 8.1
Earnings (loss) from equity in subsidiaries 50.5 68.1 131.9 241.6
Net income (loss) before royalties (95.2) (33.1) (267.0) (127.8)
Royalties 86.6 87.6 241.2 256.8
Net income (loss) after royalties (8.6) 54.5 (25.8) 129.0
Net income attributable to noncontrolling interests 0.0 0.0 0.0 0.0
Net income (loss) attributable to AAM (8.6) 54.5 (25.8) 129.0
Other comprehensive income (loss), net of tax (26.4) 1.0 (40.2) (2.6)
Comprehensive income (loss) attributable to AAM (35.0) 55.5 (66.0) 126.4
Guarantor Subsidiaries [Member]        
Net sales        
External 506.5 544.3 1,561.8 1,699.2
Intercompany 77.0 75.6 219.8 231.6
Net sales 583.5 619.9 1,781.6 1,930.8
Cost of goods sold 529.6 594.2 1,612.2 1,713.3
Gross profit 53.9 25.7 169.4 217.5
Selling, general and administrative expenses 6.8 19.6 22.4 61.4
Amortization of intangible assets 21.4 22.9 66.6 68.0
Impairment charge 225.0   225.0  
Restructuring and acquisition-related costs 4.1 3.9 12.3 31.8
Gain on sale of business       (15.5)
Operating income (loss) (203.4) (20.7) (156.9) 71.8
Non-operating income (expense), net 2.3 2.8 7.0 11.0
Income (loss) before income taxes (201.1) (17.9) (149.9) 82.8
Income tax expense (benefit) (46.8) 0.1 (46.7) 0.6
Earnings (loss) from equity in subsidiaries 38.2 33.8 105.3 141.6
Net income (loss) before royalties (116.1) 15.8 2.1 223.8
Royalties 0.7 0.7 2.2 2.6
Net income (loss) after royalties (115.4) 16.5 4.3 226.4
Net income attributable to noncontrolling interests 0.0 0.0 0.0 0.0
Net income (loss) attributable to AAM (115.4) 16.5 4.3 226.4
Other comprehensive income (loss), net of tax (35.4) (10.3) (32.1) (50.5)
Comprehensive income (loss) attributable to AAM (150.8) 6.2 (27.8) 175.9
Non-Guarantor Subsidiaries [Member]        
Net sales        
External 965.2 1,025.6 2,827.3 3,025.7
Intercompany 16.5 10.8 37.2 31.1
Net sales 981.7 1,036.4 2,864.5 3,056.8
Cost of goods sold 771.9 821.9 2,306.9 2,410.1
Gross profit 209.8 214.5 557.6 646.7
Selling, general and administrative expenses 17.0 13.3 43.4 43.8
Amortization of intangible assets 0.9 0.9 2.7 2.6
Impairment charge 0.0   0.0  
Restructuring and acquisition-related costs 1.4 2.8 6.6 3.9
Gain on sale of business       0.0
Operating income (loss) 190.5 197.5 504.9 596.4
Non-operating income (expense), net 0.3 (1.9) 0.0 18.3
Income (loss) before income taxes 190.8 195.6 504.9 614.7
Income tax expense (benefit) 14.9 12.4 32.5 22.7
Earnings (loss) from equity in subsidiaries 0.0 0.0 0.0 0.0
Net income (loss) before royalties 175.9 183.2 472.4 592.0
Royalties (87.3) (88.3) (243.4) (259.4)
Net income (loss) after royalties 88.6 94.9 229.0 332.6
Net income attributable to noncontrolling interests (0.1) (0.2) (0.4) (0.5)
Net income (loss) attributable to AAM 88.5 94.7 228.6 332.1
Other comprehensive income (loss), net of tax (36.4) 0.0 (29.5) (37.3)
Comprehensive income (loss) attributable to AAM $ 52.1 $ 94.7 $ 199.1 $ 294.8