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Supplemental Guarantor Condensed Consolidating Financial Statements (Tables) | 6 Months Ended
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Jun. 30, 2015
Supplemental Guarantor Condensed Consolidating Financial Statements [Abstract] |
Supplemental Guarantor Consolidating Income Statement [Table Text Block] |
|  | Holdings |  | AAM Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Elims |  | Consolidated
2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
External |  | $ | — |  |  | $ | 298.0 |  |  | $ | 59.0 |  |  | $ | 589.9 |  |  | $ | — |  |  | $ | 946.9 |
Intercompany |  | — |  |  | 3.0 |  |  | 62.5 |  |  | 6.1 |  |  | (71.6 | ) |  | — |
Total net sales |  | — |  |  | 301.0 |  |  | 121.5 |  |  | 596.0 |  |  | (71.6 | ) |  | 946.9 |
Cost of goods sold |  | — |  |  | 288.5 |  |  | 102.9 |  |  | 478.1 |  |  | (71.6 | ) |  | 797.9 |
Gross profit |  | — |  |  | 12.5 |  |  | 18.6 |  |  | 117.9 |  |  | — |  |  | 149.0 |
Selling, general and administrative expenses |  | — |  |  | 52.0 |  |  | 0.1 |  |  | 9.4 |  |  | — |  |  | 61.5 |
Operating income (loss) |  | — |  |  | (39.5 | ) |  | 18.5 |  |  | 108.5 |  |  | — |  |  | 87.5 |
Non-operating income (expense), net |  | — |  |  | (25.9 | ) |  | 2.4 |  |  | (0.5 | ) |  | — |  |  | (24.0 | )
Income (loss) before income taxes |  | — |  |  | (65.4 | ) |  | 20.9 |  |  | 108.0 |  |  | — |  |  | 63.5 |
Income tax expense |  | — |  |  | 6.0 |  |  | 0.1 |  |  | 5.2 |  |  | — |  |  | 11.3 |
Earnings (loss) from equity in subsidiaries |  | 52.2 |  |  | 68.0 |  |  | (7.0 | ) |  | — |  |  | (113.2 | ) |  | — |
Net income (loss) before royalties and dividends |  | 52.2 |  |  | (3.4 | ) |  | 13.8 |  |  | 102.8 |  |  | (113.2 | ) |  | 52.2 |
Royalties and dividends |  | — |  |  | 55.6 |  |  | — |  |  | (55.6 | ) |  | — |  |  | — |
Net income after royalties and dividends |  | 52.2 |  |  | 52.2 |  |  | 13.8 |  |  | 47.2 |  |  | (113.2 | ) |  | 52.2 |
Other comprehensive income |  | 4.7 |  |  | 4.7 |  |  | 3.3 |  |  | 2.6 |  |  | (10.6 | ) |  | 4.7 |
Comprehensive income |  | $ | 56.9 |  |  | $ | 56.9 |  |  | $ | 17.1 |  |  | $ | 49.8 |  |  | $ | (123.8 | ) |  | $ | 56.9 |
Condensed Consolidating Statements of Income |  |  |  |  |  |  |  |
Three Months Ended June 30, |  |  |  |  |  |  |  |  |  |  |  |
(in millions) |  |  |  |  |  |  |  |  |  |  |  |
|  | Holdings |  | AAM Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Elims |  | Consolidated
2015 |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  |  |  |  |  |  |  |  |  |  |  |
External |  | $ | — |  |  | $ | 298.7 |  |  | $ | 56.7 |  |  | $ | 648.6 |  |  | $ | — |  |  | $ | 1,004.0 |
Intercompany |  | — |  |  | 2.4 |  |  | 65.9 |  |  | 5.3 |  |  | (73.6 | ) |  | — |
Total net sales |  | — |  |  | 301.1 |  |  | 122.6 |  |  | 653.9 |  |  | (73.6 | ) |  | 1,004.0 |
Cost of goods sold |  | — |  |  | 292.7 |  |  | 99.7 |  |  | 520.7 |  |  | (73.6 | ) |  | 839.5 |
Gross profit |  | — |  |  | 8.4 |  |  | 22.9 |  |  | 133.2 |  |  | — |  |  | 164.5 |
Selling, general and administrative expenses |  | — |  |  | 60.1 |  |  | — |  |  | 10.5 |  |  | — |  |  | 70.6 |
Operating income (loss) |  | — |  |  | (51.7 | ) |  | 22.9 |  |  | 122.7 |  |  | — |  |  | 93.9 |
Non-operating income (expense), net |  | — |  |  | (25.3 | ) |  | 2.8 |  |  | 0.1 |  |  | — |  |  | (22.4 | )
Income (loss) before income taxes |  | — |  |  | (77.0 | ) |  | 25.7 |  |  | 122.8 |  |  | — |  |  | 71.5 |
Income tax expense |  | — |  |  | 7.5 |  |  | 0.1 |  |  | 5.3 |  |  | — |  |  | 12.9 |
Earnings (loss) from equity in subsidiaries |  | 58.6 |  |  | 81.6 |  |  | (3.4 | ) |  | — |  |  | (136.8 | ) |  | — |
Net income (loss) before royalties and dividends |  | 58.6 |  |  | (2.9 | ) |  | 22.2 |  |  | 117.5 |  |  | (136.8 | ) |  | 58.6 |
Royalties and dividends |  | — |  |  | 61.5 |  |  | — |  |  | (61.5 | ) |  | — |  |  | — |
Net income after royalties and dividends |  | 58.6 |  |  | 58.6 |  |  | 22.2 |  |  | 56.0 |  |  | (136.8 | ) |  | 58.6 |
Other comprehensive income (loss) |  | 2.7 |  |  | 2.7 |  |  | (0.2 | ) |  | (0.3 | ) |  | (2.2 | ) |  | 2.7 |
Comprehensive income |  | $ | 61.3 |  |  | $ | 61.3 |  |  | $ | 22.0 |  |  | $ | 55.7 |  |  | $ | (139.0 | ) |  | $ | 61.3 |
Supplemental Guarantor Consolidating Balance Sheet [Table Text Block] |
|  | Holdings |  | AAM Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Elims |  | Consolidated
December 31, 2014 |  |  |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  |  | $ | 69.7 |  |  | $ | — |  |  | $ | 179.5 |  |  | $ | — |  |  | $ | 249.2 |
Accounts receivable, net |  | — |  |  | 137.5 |  |  | 23.9 |  |  | 371.3 |  |  | — |  |  | 532.7 |
Intercompany receivables |  | — |  |  | 231.0 |  |  | 174.1 |  |  | 10.0 |  |  | (415.1 | ) |  | — |
Inventories, net |  | — |  |  | 64.9 |  |  | 32.3 |  |  | 151.6 |  |  | — |  |  | 248.8 |
Other current assets |  | — |  |  | 53.6 |  |  | 2.6 |  |  | 52.6 |  |  | — |  |  | 108.8 |
Total current assets |  | — |  |  | 556.7 |  |  | 232.9 |  |  | 765.0 |  |  | (415.1 | ) |  | 1,139.5 |
Property, plant and equipment, net |  | — |  |  | 230.0 |  |  | 87.9 |  |  | 743.2 |  |  | — |  |  | 1,061.1 |
Goodwill |  | — |  |  | — |  |  | 147.9 |  |  | 7.1 |  |  | — |  |  | 155.0 |
Intercompany notes and accounts receivable |  | — |  |  | 509.4 |  |  | 219.1 |  |  | — |  |  | (728.5 | ) |  | — |
Other assets and deferred charges |  | — |  |  | 736.6 |  |  | 45.7 |  |  | 121.3 |  |  | — |  |  | 903.6 |
Investment in subsidiaries |  | 433.8 |  |  | 1,134.6 |  |  | — |  |  | — |  |  | (1,568.4 | ) |  | — |
Total assets |  | $ | 433.8 |  |  | $ | 3,167.3 |  |  | $ | 733.5 |  |  | $ | 1,636.6 |  |  | $ | (2,712.0 | ) |  | $ | 3,259.2 |
Liabilities and Stockholders’ Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current portion of long-term debt |  | $ | — |  |  | $ | 9.4 |  |  | $ | — |  |  | $ | 3.6 |  |  | $ | — |  |  | $ | 13.0 |
Accounts payable |  | — |  |  | 127.3 |  |  | 38.9 |  |  | 278.1 |  |  | — |  |  | 444.3 |
Intercompany payables |  | — |  |  | 177.0 |  |  | 105.3 |  |  | 132.8 |  |  | (415.1 | ) |  | — |
Other current liabilities |  | — |  |  | 121.0 |  |  | 4.4 |  |  | 104.5 |  |  | — |  |  | 229.9 |
Total current liabilities |  | — |  |  | 434.7 |  |  | 148.6 |  |  | 519.0 |  |  | (415.1 | ) |  | 687.2 |
Intercompany notes and accounts payable |  | 320.4 |  |  | 6.9 |  |  | — |  |  | 401.2 |  |  | (728.5 | ) |  | — |
Long-term debt |  | — |  |  | 1,483.1 |  |  | 4.9 |  |  | 35.4 |  |  | — |  |  | 1,523.4 |
Investment in subsidiaries obligation |  | — |  |  | — |  |  | 53.8 |  |  | — |  |  | (53.8 | ) |  | — |
Other long-term liabilities |  | — |  |  | 808.8 |  |  | 0.6 |  |  | 125.8 |  |  | — |  |  | 935.2 |
Total liabilities |  | 320.4 |  |  | 2,733.5 |  |  | 207.9 |  |  | 1,081.4 |  |  | (1,197.4 | ) |  | 3,145.8 |
Total stockholders’ equity |  | 113.4 |  |  | 433.8 |  |  | 525.6 |  |  | 555.2 |  |  | (1,514.6 | ) |  | 113.4 |
Total liabilities and stockholders’ equity |  | $ | 433.8 |  |  | $ | 3,167.3 |  |  | $ | 733.5 |  |  | $ | 1,636.6 |  |  | $ | (2,712.0 | ) |  | $ | 3,259.2 |
Condensed Consolidating Balance Sheets |  |  |  |  |  |  |  |  |  |
(in millions) |  |  |  |  |  |  |  |  |  |  |  |
|  | Holdings |  | AAM Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Elims |  | Consolidated
June 30, 2015 |  |  |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  |  | $ | 126.9 |  |  | $ | — |  |  | $ | 174.4 |  |  | $ | — |  |  | $ | 301.3 |
Accounts receivable, net |  | — |  |  | 158.3 |  |  | 27.1 |  |  | 453.5 |  |  | — |  |  | 638.9 |
Intercompany receivables |  | — |  |  | 223.6 |  |  | 217.9 |  |  | 8.8 |  |  | (450.3 | ) |  | — |
Inventories, net |  | — |  |  | 68.5 |  |  | 29.1 |  |  | 140.3 |  |  | — |  |  | 237.9 |
Other current assets |  | — |  |  | 51.3 |  |  | 2.4 |  |  | 60.2 |  |  | — |  |  | 113.9 |
Total current assets |  | — |  |  | 628.6 |  |  | 276.5 |  |  | 837.2 |  |  | (450.3 | ) |  | 1,292.0 |
Property, plant and equipment, net |  | — |  |  | 220.6 |  |  | 86.4 |  |  | 734.5 |  |  | — |  |  | 1,041.5 |
Goodwill |  | — |  |  | — |  |  | 147.8 |  |  | 6.8 |  |  | — |  |  | 154.6 |
Intercompany notes and accounts receivable |  | — |  |  | 473.1 |  |  | 233.6 |  |  | — |  |  | (706.7 | ) |  | — |
Other assets and deferred charges |  | — |  |  | 712.2 |  |  | 46.8 |  |  | 113.5 |  |  | — |  |  | 872.5 |
Investment in subsidiaries |  | 529.0 |  |  | 1,245.2 |  |  | — |  |  | — |  |  | (1,774.2 | ) |  | — |
Total assets |  | $ | 529.0 |  |  | $ | 3,279.7 |  |  | $ | 791.1 |  |  | $ | 1,692.0 |  |  | $ | (2,931.2 | ) |  | $ | 3,360.6 |
Liabilities and Stockholders’ Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current portion of long-term debt |  | $ | — |  |  | $ | 11.3 |  |  | $ | — |  |  | $ | 3.5 |  |  | $ | — |  |  | $ | 14.8 |
Accounts payable |  | — |  |  | 152.2 |  |  | 43.7 |  |  | 294.6 |  |  | — |  |  | 490.5 |
Intercompany payables |  | — |  |  | 202.2 |  |  | 132.5 |  |  | 115.6 |  |  | (450.3 | ) |  | — |
Other current liabilities |  | — |  |  | 117.3 |  |  | 4.2 |  |  | 110.8 |  |  | — |  |  | 232.3 |
Total current liabilities |  | — |  |  | 483.0 |  |  | 180.4 |  |  | 524.5 |  |  | (450.3 | ) |  | 737.6 |
Intercompany notes and accounts payable |  | 323.8 |  |  | 6.9 |  |  | — |  |  | 376.0 |  |  | (706.7 | ) |  | — |
Long-term debt |  | — |  |  | 1,477.5 |  |  | 4.8 |  |  | 34.0 |  |  | — |  |  | 1,516.3 |
Investment in subsidiaries obligation |  | — |  |  | — |  |  | 83.6 |  |  | — |  |  | (83.6 | ) |  | — |
Other long-term liabilities |  | — |  |  | 783.3 |  |  | 0.5 |  |  | 117.7 |  |  | — |  |  | 901.5 |
Total liabilities |  | 323.8 |  |  | 2,750.7 |  |  | 269.3 |  |  | 1,052.2 |  |  | (1,240.6 | ) |  | 3,155.4 |
Total stockholders’ equity |  | 205.2 |  |  | 529.0 |  |  | 521.8 |  |  | 639.8 |  |  | (1,690.6 | ) |  | 205.2 |
Total liabilities and stockholders’ equity |  | $ | 529.0 |  |  | $ | 3,279.7 |  |  | $ | 791.1 |  |  | $ | 1,692.0 |  |  | $ | (2,931.2 | ) |  | $ | 3,360.6 |
Supplemental Guarantor Consolidating Statement of Cash Flows [Table Text Block] |
|  | Holdings |  | AAM Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Elims |  | Consolidated
2014 |  |  |  |  |  |  |  |  |  |  |  |
Net cash provided by (used in) operating activities |  | $ | — |  |  | $ | (0.6 | ) |  | $ | 21.8 |  |  | $ | 61.2 |  |  | $ | — |  |  | $ | 82.4 |
Investing activities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment |  | — |  |  | (19.7 | ) |  | (6.4 | ) |  | (77.6 | ) |  | — |  |  | (103.7 | )
Proceeds from sale of property, plant and equipment |  | — |  |  | 7.8 |  |  | 0.1 |  |  | 0.4 |  |  | — |  |  | 8.3 |
Intercompany activity |  | — |  |  | — |  |  | (15.3 | ) |  | — |  |  | 15.3 |  |  | — |
Net cash used in investing activities |  | — |  |  | (11.9 | ) |  | (21.6 | ) |  | (77.2 | ) |  | 15.3 |  |  | (95.4 | )
Financing activities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net debt activity |  | — |  |  | (3.0 | ) |  | (0.2 | ) |  | (10.2 | ) |  | — |  |  | (13.4 | )
Debt issuance costs |  | — |  |  | (0.3 | ) |  | — |  |  | — |  |  | — |  |  | (0.3 | )
Employee stock option exercises |  | — |  |  | 1.2 |  |  | — |  |  | — |  |  | — |  |  | 1.2 |
Purchase of treasury stock |  | (0.3 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (0.3 | )
Intercompany activity |  | 0.3 |  |  | (0.3 | ) |  | — |  |  | 15.3 |  |  | (15.3 | ) |  | — |
Net cash provided by (used in) financing activities |  | — |  |  | (2.4 | ) |  | (0.2 | ) |  | 5.1 |  |  | (15.3 | ) |  | (12.8 | )
Effect of exchange rate changes on cash |  | — |  |  | — |  |  | — |  |  | 0.7 |  |  | — |  |  | 0.7 |
Net decrease in cash and cash equivalents |  | — |  |  | (14.9 | ) |  | — |  |  | (10.2 | ) |  | — |  |  | (25.1 | )
Cash and cash equivalents at beginning of period |  | — |  |  | 36.9 |  |  | — |  |  | 117.1 |  |  | — |  |  | 154.0 |
Cash and cash equivalents at end of period |  | $ | — |  |  | $ | 22.0 |  |  | $ | — |  |  | $ | 106.9 |  |  | $ | — |  |  | $ | 128.9 |
Condensed Consolidating Statements of Cash Flows |  |  |  |  |  |  |  |
Six Months Ended June 30, |  |  |  |  |  |  |  |  |  |  |  |
(in millions) |  |  |  |  |  |  |  |  |  |  |  |
|  | Holdings |  | AAM Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Elims |  | Consolidated
2015 |  |  |  |  |  |  |  |  |  |  |  |
Net cash provided by operating activities |  | $ | — |  |  | $ | 80.7 |  |  | $ | 23.1 |  |  | $ | 50.5 |  |  | $ | — |  |  | $ | 154.3 |
Investing activities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment |  | — |  |  | (17.5 | ) |  | (4.9 | ) |  | (69.0 | ) |  | — |  |  | (91.4 | )
Proceeds from sale of property, plant and equipment |  | — |  |  | 0.1 |  |  | — |  |  | — |  |  | — |  |  | 0.1 |
Intercompany activity |  | — |  |  | — |  |  | (18.0 | ) |  | — |  |  | 18.0 |  |  | — |
Net cash used in investing activities |  | — |  |  | (17.4 | ) |  | (22.9 | ) |  | (69.0 | ) |  | 18.0 |  |  | (91.3 | )
Financing activities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net debt activity |  | — |  |  | (3.8 | ) |  | (0.2 | ) |  | (0.4 | ) |  | — |  |  | (4.4 | )
Employee stock option exercises |  | — |  |  | 0.4 |  |  | — |  |  | — |  |  | — |  |  | 0.4 |
Purchase of treasury stock |  | (2.7 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (2.7 | )
Intercompany activity |  | 2.7 |  |  | (2.7 | ) |  | — |  |  | 18.0 |  |  | (18.0 | ) |  | — |
Net cash provided by (used in) financing activities |  | — |  |  | (6.1 | ) |  | (0.2 | ) |  | 17.6 |  |  | (18.0 | ) |  | (6.7 | )
Effect of exchange rate changes on cash |  | — |  |  | — |  |  | — |  |  | (4.2 | ) |  | — |  |  | (4.2 | )
Net increase (decrease) in cash and cash equivalents |  | — |  |  | 57.2 |  |  | — |  |  | (5.1 | ) |  | — |  |  | 52.1 |
Cash and cash equivalents at beginning of period |  | — |  |  | 69.7 |  |  | — |  |  | 179.5 |  |  | — |  |  | 249.2 |
Cash and cash equivalents at end of period |  | $ | — |  |  | $ | 126.9 |  |  | $ | — |  |  | $ | 174.4 |  |  | $ | — |  |  | $ | 301.3 |

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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 Operations 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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