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Unaudited Quarterly Financial Data (Tables)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information [Table Text Block]
 
Three Months Ended,
 
 
March 31
 
June 30
 
September 30
 
December 31
 
 
(in millions, except per share data)
 
2019
 
 
 
 
 
 
 
 
Net sales
$
1,719.2

 
$
1,704.3

 
$
1,677.4

 
$
1,430.0

 
Gross profit
222.2

 
248.3

 
248.7

 
183.4

 
Net income (loss)
41.7

 
52.7

 
(124.1
)
(2)
(454.4
)
(3)
Net income (loss) attributable to AAM
41.6

 
52.5

 
(124.2
)
(2)
(454.4
)
(3)
Basic EPS (1)
$
0.36

 
$
0.45

 
$
(1.10
)
(2)
$
(4.04
)
(3)
Diluted EPS (1)
$
0.36

 
$
0.45

 
$
(1.10
)
(2)
$
(4.04
)
(3)
 
 
 
 
 
 
 
 
 
2018
 
 
 
 
 
 
 
 
Net sales
$
1,858.4

 
$
1,900.9

 
$
1,817.0

 
$
1,694.1

 
Gross profit
316.3

 
331.4

 
267.4

 
225.3

 
Net income (loss)
89.5

 
151.3

 
64.0

 
(361.6
)
(4)
Net income (loss) attributable to AAM
89.4

 
151.1

 
63.8

 
(361.8
)
(4)
Basic EPS (1)
$
0.78

 
$
1.31

 
$
0.55

 
$
(3.24
)
(4)
Diluted EPS (1)
$
0.78

 
$
1.30

 
$
0.55

 
$
(3.24
)
(4)
 
 
 
 
 
 
 
 
 


(1) Full year basic and diluted EPS will not necessarily agree to the sum of the four quarters because each quarter is a separate calculation.

(2) In the third quarter of 2019, we recorded an impairment charge of approximately $178 million, net of tax, to reduce the carrying value of our U.S. Casting operations to fair value less cost to sell upon reclassification of the assets and liabilities to held-for-sale.

(3)
In the fourth quarter of 2019, we recorded a goodwill impairment charge of $440 million, that was not subject to tax effect, associated with the annual goodwill impairment test for our Metal Forming reporting unit. We also recorded a loss on the Casting Sale of approximately $17 million, net of tax, recognized a gain on bargain purchase of approximately $10.8 million, which was not subject to tax effect, associated with the acquisition of Mitec, and recognized a loss of approximately $8 million, net of tax, related to pension settlements.
    
(4) In the fourth quarter of 2018, we recorded a goodwill impairment charge of approximately $400 million, net of tax, associated with the annual goodwill impairment test for our Casting and former Powertrain reporting units.