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Supplemental Guarantor Condensed Consolidating Financial Statements (Tables) | 3 Months Ended
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Mar. 31, 2014
Supplemental Guarantor Condensed Consolidating Financial Statements [Abstract] |
Supplemental Guarantor Consolidating Income Statement [Table Text Block] |
Condensed Consolidating Statements of Income |  |  |  |  |  |  |  |
Three Months Ended March 31, |  |  |  |  |  |  |  |  |  |  |  |
(in millions) |  |  |  |  |  |  |  |  |  |  |  |
|  | Holdings |  | AAM Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Elims |  | Consolidated
2014 |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  |  |  |  |  |  |  |  |  |  |  |
External |  | $ | — |  |  | $ | 227.9 |  |  | $ | 58.0 |  |  | $ | 572.9 |  |  | $ | — |  |  | $ | 858.8 |
Intercompany |  | — |  |  | 2.8 |  |  | 58.1 |  |  | 5.9 |  |  | (66.8 | ) |  | — |
Total net sales |  | — |  |  | 230.7 |  |  | 116.1 |  |  | 578.8 |  |  | (66.8 | ) |  | 858.8 |
Cost of goods sold |  | — |  |  | 231.9 |  |  | 99.6 |  |  | 472.2 |  |  | (66.8 | ) |  | 736.9 |
Gross profit (loss) |  | — |  |  | (1.2 | ) |  | 16.5 |  |  | 106.6 |  |  | — |  |  | 121.9 |
Selling, general and administrative expenses |  | — |  |  | 48.6 |  |  | 0.1 |  |  | 8.4 |  |  | — |  |  | 57.1 |
Operating income (loss) |  | — |  |  | (49.8 | ) |  | 16.4 |  |  | 98.2 |  |  | — |  |  | 64.8 |
Non-operating income (expense), net |  | — |  |  | (25.8 | ) |  | 2.7 |  |  | (1.1 | ) |  | — |  |  | (24.2 | )
Income (loss) before income taxes |  | — |  |  | (75.6 | ) |  | 19.1 |  |  | 97.1 |  |  | — |  |  | 40.6 |
Income tax expense |  | — |  |  | 0.4 |  |  | — |  |  | 6.6 |  |  | — |  |  | 7.0 |
Earnings (loss) from equity in subsidiaries |  | 33.6 |  |  | 54.5 |  |  | (9.2 | ) |  | — |  |  | (78.9 | ) |  | — |
Net income (loss) before royalties and dividends |  | 33.6 |  |  | (21.5 | ) |  | 9.9 |  |  | 90.5 |  |  | (78.9 | ) |  | 33.6 |
Royalties and dividends |  | — |  |  | 55.1 |  |  | — |  |  | (55.1 | ) |  | — |  |  | — |
Net income after royalties and dividends |  | 33.6 |  |  | 33.6 |  |  | 9.9 |  |  | 35.4 |  |  | (78.9 | ) |  | 33.6 |
Other comprehensive income |  | 13.8 |  |  | 13.8 |  |  | 7.8 |  |  | 8.9 |  |  | (30.5 | ) |  | 13.8 |
Total comprehensive income |  | $ | 47.4 |  |  | $ | 47.4 |  |  | $ | 17.7 |  |  | $ | 44.3 |  |  | $ | (109.4 | ) |  | $ | 47.4 |
|  | Holdings |  | AAM Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Elims |  | Consolidated
2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
External |  | $ | — |  |  | $ | 200.3 |  |  | $ | 53.9 |  |  | $ | 501.4 |  |  | $ | — |  |  | $ | 755.6 |
Intercompany |  | — |  |  | 3.4 |  |  | 57.6 |  |  | 4.9 |  |  | (65.9 | ) |  | — |
Total net sales |  | — |  |  | 203.7 |  |  | 111.5 |  |  | 506.3 |  |  | (65.9 | ) |  | 755.6 |
Cost of goods sold |  | — |  |  | 198.5 |  |  | 97.2 |  |  | 421.5 |  |  | (65.9 | ) |  | 651.3 |
Gross profit |  | — |  |  | 5.2 |  |  | 14.3 |  |  | 84.8 |  |  | — |  |  | 104.3 |
Selling, general and administrative expenses |  | — |  |  | 48.9 |  |  | — |  |  | 10.7 |  |  | — |  |  | 59.6 |
Operating income (loss) |  | — |  |  | (43.7 | ) |  | 14.3 |  |  | 74.1 |  |  | — |  |  | 44.7 |
Non-operating income (expense), net |  | — |  |  | (41.5 | ) |  | 2.7 |  |  | (1.0 | ) |  | — |  |  | (39.8 | )
Income (loss) before income taxes |  | — |  |  | (85.2 | ) |  | 17.0 |  |  | 73.1 |  |  | — |  |  | 4.9 |
Income tax benefit |  | — |  |  | (1.6 | ) |  | — |  |  | (0.8 | ) |  | — |  |  | (2.4 | )
Earnings (loss) from equity in subsidiaries |  | 7.3 |  |  | 40.4 |  |  | (3.2 | ) |  | — |  |  | (44.5 | ) |  | — |
Net income (loss) before royalties and dividends |  | 7.3 |  |  | (43.2 | ) |  | 13.8 |  |  | 73.9 |  |  | (44.5 | ) |  | 7.3 |
Royalties and dividends |  | — |  |  | 50.5 |  |  | — |  |  | (50.5 | ) |  | — |  |  | — |
Net income after royalties and dividends |  | 7.3 |  |  | 7.3 |  |  | 13.8 |  |  | 23.4 |  |  | (44.5 | ) |  | 7.3 |
Other comprehensive income |  | 4.3 |  |  | 4.3 |  |  | 7.7 |  |  | 8.3 |  |  | (20.3 | ) |  | 4.3 |
Total comprehensive income |  | $ | 11.6 |  |  | $ | 11.6 |  |  | $ | 21.5 |  |  | $ | 31.7 |  |  | $ | (64.8 | ) |  | $ | 11.6 |
Supplemental Guarantor Consolidating Balance Sheet [Table Text Block] |
Condensed Consolidating Balance Sheets |  |  |  |  |  |  |  |  |  |
(in millions) |  |  |  |  |  |  |  |  |  |  |  |
|  | Holdings |  | AAM Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Elims |  | Consolidated
March 31, 2014 |  |  |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  |  | $ | 9.5 |  |  | $ | — |  |  | $ | 70.1 |  |  | $ | — |  |  | $ | 79.6 |
Accounts receivable, net |  | — |  |  | 171.0 |  |  | 32.3 |  |  | 450.8 |  |  | — |  |  | 654.1 |
Inventories, net |  | — |  |  | 67.1 |  |  | 33.6 |  |  | 157.3 |  |  | — |  |  | 258.0 |
Other current assets |  | — |  |  | 42.5 |  |  | 3.1 |  |  | 70.8 |  |  | — |  |  | 116.4 |
Total current assets |  | — |  |  | 290.1 |  |  | 69.0 |  |  | 749.0 |  |  | — |  |  | 1,108.1 |
Property, plant and equipment, net |  | — |  |  | 230.9 |  |  | 82.5 |  |  | 754.2 |  |  | — |  |  | 1,067.6 |
Goodwill |  | — |  |  | — |  |  | 147.8 |  |  | 8.6 |  |  | — |  |  | 156.4 |
Other assets and deferred charges |  | — |  |  | 665.8 |  |  | 45.0 |  |  | 106.8 |  |  | — |  |  | 817.6 |
Investment in subsidiaries |  | 406.8 |  |  | 1,296.4 |  |  | — |  |  | — |  |  | (1,703.2 | ) |  | — |
Total assets |  | $ | 406.8 |  |  | $ | 2,483.2 |  |  | $ | 344.3 |  |  | $ | 1,618.6 |  |  | $ | (1,703.2 | ) |  | $ | 3,149.7 |
Liabilities and stockholders’ equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | — |  |  | $ | 133.6 |  |  | $ | 45.5 |  |  | $ | 299.7 |  |  | $ | — |  |  | $ | 478.8 |
Other current liabilities |  | — |  |  | 108.0 |  |  | 4.7 |  |  | 106.3 |  |  | — |  |  | 219.0 |
Total current liabilities |  | — |  |  | 241.6 |  |  | 50.2 |  |  | 406.0 |  |  | — |  |  | 697.8 |
Intercompany payable (receivable) |  | 323.5 |  |  | (339.7 | ) |  | (227.0 | ) |  | 243.2 |  |  | — |  |  | — |
Long-term debt |  | — |  |  | 1,498.1 |  |  | 5.2 |  |  | 75.1 |  |  | — |  |  | 1,578.4 |
Investment in subsidiaries obligation |  | — |  |  | — |  |  | 9.3 |  |  | — |  |  | (9.3 | ) |  | — |
Other long-term liabilities |  | — |  |  | 676.4 |  |  | 0.6 |  |  | 113.2 |  |  | — |  |  | 790.2 |
Total liabilities |  | 323.5 |  |  | 2,076.4 |  |  | (161.7 | ) |  | 837.5 |  |  | (9.3 | ) |  | 3,066.4 |
Total stockholders' equity |  | 83.3 |  |  | 406.8 |  |  | 506.0 |  |  | 781.1 |  |  | (1,693.9 | ) |  | 83.3 |
Total liabilities and stockholders’ equity |  | $ | 406.8 |  |  | $ | 2,483.2 |  |  | $ | 344.3 |  |  | $ | 1,618.6 |  |  | $ | (1,703.2 | ) |  | $ | 3,149.7 |
|  | Holdings |  | AAM Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Elims |  | Consolidated
December 31, 2013 |  |  |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  |  | $ | 36.9 |  |  | $ | — |  |  | $ | 117.1 |  |  | $ | — |  |  | $ | 154.0 |
Accounts receivable, net |  | — |  |  | 102.7 |  |  | 25.6 |  |  | 330.2 |  |  | — |  |  | 458.5 |
Inventories, net |  | — |  |  | 62.4 |  |  | 34.2 |  |  | 165.2 |  |  | — |  |  | 261.8 |
Other current assets |  | — |  |  | 43.8 |  |  | 3.2 |  |  | 76.5 |  |  | — |  |  | 123.5 |
Total current assets |  | — |  |  | 245.8 |  |  | 63.0 |  |  | 689.0 |  |  | — |  |  | 997.8 |
Property, plant and equipment, net |  | — |  |  | 239.8 |  |  | 83.0 |  |  | 735.7 |  |  | — |  |  | 1,058.5 |
Goodwill |  | — |  |  | — |  |  | 147.8 |  |  | 8.6 |  |  | — |  |  | 156.4 |
Other assets and deferred charges |  | — |  |  | 671.7 |  |  | 44.8 |  |  | 99.8 |  |  | — |  |  | 816.3 |
Investment in subsidiaries |  | 360.5 |  |  | 1,233.2 |  |  | — |  |  | — |  |  | (1,593.7 | ) |  | — |
Total assets |  | $ | 360.5 |  |  | $ | 2,390.5 |  |  | $ | 338.6 |  |  | $ | 1,533.1 |  |  | $ | (1,593.7 | ) |  | $ | 3,029.0 |
Liabilities and stockholders’ equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | — |  |  | $ | 106.2 |  |  | $ | 44.5 |  |  | $ | 295.1 |  |  | $ | — |  |  | $ | 445.8 |
Other current liabilities |  | — |  |  | 120.4 |  |  | 4.1 |  |  | 96.8 |  |  | — |  |  | 221.3 |
Total current liabilities |  | — |  |  | 226.6 |  |  | 48.6 |  |  | 391.9 |  |  | — |  |  | 667.1 |
Intercompany payable (receivable) |  | 326.9 |  |  | (390.1 | ) |  | (219.5 | ) |  | 282.7 |  |  | — |  |  | — |
Long-term debt |  | — |  |  | 1,500.0 |  |  | 5.3 |  |  | 53.8 |  |  | — |  |  | 1,559.1 |
Investment in subsidiaries obligation |  | — |  |  | — |  |  | 15.2 |  |  | — |  |  | (15.2 | ) |  | — |
Other long-term liabilities |  | — |  |  | 693.5 |  |  | 0.5 |  |  | 75.2 |  |  | — |  |  | 769.2 |
Total liabilities |  | 326.9 |  |  | 2,030.0 |  |  | (149.9 | ) |  | 803.6 |  |  | (15.2 | ) |  | 2,995.4 |
Total stockholders' equity |  | 33.6 |  |  | 360.5 |  |  | 488.5 |  |  | 729.5 |  |  | (1,578.5 | ) |  | 33.6 |
Total liabilities and stockholders’ equity |  | $ | 360.5 |  |  | $ | 2,390.5 |  |  | $ | 338.6 |  |  | $ | 1,533.1 |  |  | $ | (1,593.7 | ) |  | $ | 3,029.0 |
Supplemental Guarantor Consolidating Statement of Cash Flows [Table Text Block] |
|  | Holdings |  | AAM Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Elims |  | Consolidated
2013 |  |  |  |  |  |  |  |  |  |  |  |
Net cash provided by (used in) operating activities |  | $ | — |  |  | $ | (42.1 | ) |  | $ | (2.0 | ) |  | $ | 17.3 |  |  | $ | — |  |  | $ | (26.8 | )
Investing activities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment |  | — |  |  | (13.3 | ) |  | (2.2 | ) |  | (32.4 | ) |  | — |  |  | (47.9 | )
Proceeds from sale of property, plant and equipment |  | — |  |  | 0.1 |  |  | — |  |  | — |  |  | — |  |  | 0.1 |
Proceeds from sale-leaseback of equipment |  | — |  |  | 3.9 |  |  | — |  |  | — |  |  | — |  |  | 3.9 |
Net cash used in investing activities |  | — |  |  | (9.3 | ) |  | (2.2 | ) |  | (32.4 | ) |  | — |  |  | (43.9 | )
Financing activities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net debt activity |  | — |  |  | 99.0 |  |  | (0.1 | ) |  | 15.8 |  |  | — |  |  | 114.7 |
Intercompany activity |  | — |  |  | (22.7 | ) |  | 4.3 |  |  | 18.4 |  |  | — |  |  | — |
Debt issuance costs |  | — |  |  | (6.2 | ) |  | — |  |  | — |  |  | — |  |  | (6.2 | )
Net cash provided by financing activities |  | — |  |  | 70.1 |  |  | 4.2 |  |  | 34.2 |  |  | — |  |  | 108.5 |
Effect of exchange rate changes on cash |  | — |  |  | — |  |  | — |  |  | 0.6 |  |  | — |  |  | 0.6 |
Net increase in cash and cash equivalents |  | — |  |  | 18.7 |  |  | — |  |  | 19.7 |  |  | — |  |  | 38.4 |
Cash and cash equivalents at beginning of period |  | — |  |  | 10.6 |  |  | — |  |  | 51.8 |  |  | — |  |  | 62.4 |
Cash and cash equivalents at end of period |  | $ | — |  |  | $ | 29.3 |  |  | $ | — |  |  | $ | 71.5 |  |  | $ | — |  |  | $ | 100.8 |
Condensed Consolidating Statements of Cash Flows |  |  |  |  |  |  |  |
Three months ended March 31, (in millions) |  |  |  |  |  |  |  |  |  |  |  |
|  | Holdings |  | AAM Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Elims |  | Consolidated
2014 |  |  |  |  |  |  |  |  |  |  |  |
Net cash provided by (used in) operating activities |  | $ | — |  |  | $ | (73.6 | ) |  | $ | 15.7 |  |  | $ | 2.4 |  |  | $ | — |  |  | $ | (55.5 | )
Investing activities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment |  | — |  |  | (9.3 | ) |  | (2.7 | ) |  | (35.9 | ) |  | — |  |  | (47.9 | )
Proceeds from sale of property, plant and equipment |  | — |  |  | 7.7 |  |  | — |  |  | 0.2 |  |  | — |  |  | 7.9 |
Net cash used in investing activities |  | — |  |  | (1.6 | ) |  | (2.7 | ) |  | (35.7 | ) |  | — |  |  | (40.0 | )
Financing activities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net debt activity |  | — |  |  | (0.1 | ) |  | (0.1 | ) |  | 20.8 |  |  | — |  |  | 20.6 |
Intercompany activity |  | 0.3 |  |  | 47.5 |  |  | (12.9 | ) |  | (34.9 | ) |  | — |  |  | — |
Debt issuance costs |  | — |  |  | (0.2 | ) |  | — |  |  | — |  |  | — |  |  | (0.2 | )
Purchase of treasury stock |  | (0.3 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (0.3 | )
Employee stock option exercises |  | — |  |  | 0.6 |  |  | — |  |  | — |  |  | — |  |  | 0.6 |
Net cash provided by (used in) financing activities |  | — |  |  | 47.8 |  |  | (13.0 | ) |  | (14.1 | ) |  | — |  |  | 20.7 |
Effect of exchange rate changes on cash |  | — |  |  | — |  |  | — |  |  | 0.4 |  |  | — |  |  | 0.4 |
Net decrease in cash and cash equivalents |  | — |  |  | (27.4 | ) |  | — |  |  | (47.0 | ) |  | — |  |  | (74.4 | )
Cash and cash equivalents at beginning of period |  | — |  |  | 36.9 |  |  | — |  |  | 117.1 |  |  | — |  |  | 154.0 |
Cash and cash equivalents at end of period |  | $ | — |  |  | $ | 9.5 |  |  | $ | — |  |  | $ | 70.1 |  |  | $ | — |  |  | $ | 79.6 |

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- Definition Tabular disclosure of the Condensed Consolidating Statement of Financial Position prepared under the equity method of accounting whereby the investments in subsidiaries are recorded at cost and adjusted for the parent's share of the subsidiaries' cumulative results of operations, capital contributions and distributions and other changes in equity. [Table Text Block] + References No definition available. + Details
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- Definition Tabular disclosure of the Condensed Consolidating Statement of Cash Flows prepared under the equity method of accounting whereby the investments in subsidiaries are recorded at cost and adjusted for the parent's share of the subsidiaries' cumulative results of operations, capital contributions and distributions and other changes in equity. [Table Text Block] + References No definition available. + Details
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