XML 53 R5.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
Current Assets    
Cash and cash equivalents $ 205.7us-gaap_CashAndCashEquivalentsAtCarryingValue $ 249.2us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts receivable, net 668.0us-gaap_ReceivablesNetCurrent 532.7us-gaap_ReceivablesNetCurrent
Inventories, net 238.5us-gaap_InventoryNet 248.8us-gaap_InventoryNet
Prepaid expenses and other current assets 111.8us-gaap_PrepaidExpenseAndOtherAssetsCurrent 108.8us-gaap_PrepaidExpenseAndOtherAssetsCurrent
Total current assets 1,224.0us-gaap_AssetsCurrent 1,139.5us-gaap_AssetsCurrent
Property, plant and equipment, net 1,040.0us-gaap_PropertyPlantAndEquipmentNet 1,061.1us-gaap_PropertyPlantAndEquipmentNet
Deferred income taxes 362.9us-gaap_DeferredTaxAssetsNetNoncurrent 368.8us-gaap_DeferredTaxAssetsNetNoncurrent
Goodwill 154.3us-gaap_Goodwill 155.0us-gaap_Goodwill
GM postretirement cost sharing asset 263.7axl_GmPostretirementCostSharingAssetNoncurrent 274.5axl_GmPostretirementCostSharingAssetNoncurrent
Other assets and deferred charges 262.9us-gaap_OtherAssetsNoncurrent 260.3us-gaap_OtherAssetsNoncurrent
Total assets 3,307.8us-gaap_Assets 3,259.2us-gaap_Assets
Current Liabilities    
Current portion of long-term debt 13.9us-gaap_LongTermDebtCurrent 13.0us-gaap_LongTermDebtCurrent
Accounts payable 489.8us-gaap_AccountsPayableCurrent 444.3us-gaap_AccountsPayableCurrent
Accrued compensation and benefits 102.4us-gaap_EmployeeRelatedLiabilitiesCurrent 109.1us-gaap_EmployeeRelatedLiabilitiesCurrent
Deferred revenue 22.0us-gaap_DeferredRevenueCurrent 22.1us-gaap_DeferredRevenueCurrent
Accrued expenses and other current liabilities 103.9us-gaap_OtherLiabilitiesCurrent 98.7us-gaap_OtherLiabilitiesCurrent
Total current liabilities 732.0us-gaap_LiabilitiesCurrent 687.2us-gaap_LiabilitiesCurrent
Long-term debt 1,520.8us-gaap_LongTermDebtAndCapitalLeaseObligations 1,523.4us-gaap_LongTermDebtAndCapitalLeaseObligations
Deferred revenue 88.9us-gaap_DeferredRevenueNoncurrent 94.2us-gaap_DeferredRevenueNoncurrent
Postretirement benefits and other long-term liabilities 823.8axl_PostretirementBenefitsAndOtherLongtermLiabilities 841.0axl_PostretirementBenefitsAndOtherLongtermLiabilities
Total liabilities 3,165.5us-gaap_Liabilities 3,145.8us-gaap_Liabilities
Stockholders' equity    
Common stock, par value $0.01 per share 0.8us-gaap_CommonStockValueOutstanding 0.8us-gaap_CommonStockValueOutstanding
Paid-in capital 627.8us-gaap_AdditionalPaidInCapitalCommonStock 623.7us-gaap_AdditionalPaidInCapitalCommonStock
Retained earnings (Accumulated deficit) 21.8us-gaap_RetainedEarningsAccumulatedDeficit (31.4)us-gaap_RetainedEarningsAccumulatedDeficit
Treasury stock at cost, 6.1 million shares at both March 31, 2015 and December 31, 2014 (183.1)us-gaap_TreasuryStockValue (182.8)us-gaap_TreasuryStockValue
Accumulated other comprehensive income (loss), net of tax    
Defined benefit plans (236.7)us-gaap_AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax (240.6)us-gaap_AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
Foreign currency translation adjustments (80.4)us-gaap_AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax (48.9)us-gaap_AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
Unrecognized loss on derivatives (7.9)us-gaap_AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax (7.4)us-gaap_AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
Total stockholders’ equity 142.3us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 113.4us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilities and stockholders' equity $ 3,307.8us-gaap_LiabilitiesAndStockholdersEquity $ 3,259.2us-gaap_LiabilitiesAndStockholdersEquity