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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 532.0 $ 476.4
Accounts receivable, net 815.4 966.5
Inventories, net 373.6 459.7
Prepaid expenses and other 136.8 127.2
Total current assets 1,857.8 2,029.8
Property, plant and equipment, net 2,358.4 2,514.4
Deferred income taxes 64.1 45.5
Goodwill 699.1 1,141.8
Other intangible assets, net 864.5 1,111.1
GM postretirement cost sharing asset 223.3 219.4
Other assets and deferred charges 577.4 448.7
Total assets 6,644.6 7,510.7
Current liabilities    
Current portion of long-term debt 28.7 121.6
Accounts payable 623.5 840.2
Accrued compensation and benefits 154.4 179.0
Deferred revenue 18.9 44.3
Accrued expenses and other 200.9 171.7
Total current liabilities 1,026.4 1,356.8
Long-term debt, net 3,612.3 3,686.8
Deferred revenue 83.7 77.6
Deferred income taxes 19.6 92.6
Postretirement benefits and other long-term liabilities 922.2 810.6
Total liabilities 5,664.2 6,024.4
Stockholders' equity    
Series A junior participating preferred stock, par value $0.01 per share; 0.1 million shares authorized; no shares outstanding in 2019 or 2018 0.0 0.0
Preferred stock, par value $0.01 per share; 10.0 million shares authorized; no shares outstanding in 2019 or 2018 0.0 0.0
Series common stock, par value $0.01 per share; 40.0 million shares authorized; no shares outstanding in 2019 or 2018 0.0 0.0
Common stock, par value $0.01 per share; 150.0 million shares authorized; 120.2 million and 118.9 million shares issued as of December 31, 2019 and December 31, 2018, respectively 1.2 1.2
Paid-in capital 1,313.9 1,292.6
Retained earnings 248.6 703.5
Treasury stock at cost, 7.6 million shares in 2019 and 7.2 million shares in 2018 (209.3) (201.8)
Accumulated other comprehensive loss    
Defined benefit plans, net of tax (259.9) (213.9)
Foreign currency translation adjustments (101.2) (96.6)
Unrecognized loss on cash flow hedges, net of tax (15.7) (1.1)
Total AAM stockholders' equity 977.6 1,483.9
Noncontrolling interests in subsidiaries 2.8 2.4
Total stockholders' equity 980.4 1,486.3
Total liabilities and stockholders' equity $ 6,644.6 $ 7,510.7