XML 14 R46.htm IDEA: XBRL DOCUMENT v3.3.0.814
Supplemental Guarantor Condensed Consolidating Statements of Income (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Net sales        
External $ 971.6 $ 950.8 $ 2,944.7 $ 2,756.5
Intercompany 0.0 0.0 0.0 0.0
Total net sales 971.6 950.8 2,944.7 2,756.5
Cost of goods sold 813.3 810.1 2,469.1 2,344.9
Gross profit 158.3 140.7 475.6 411.6
Selling, general and administrative expenses 65.5 64.0 204.6 182.6
Operating Income (loss) 92.8 76.7 271.0 229.0
Non-operating income (expense), net (17.5) (25.2) (61.8) (73.4)
Income (loss) before income taxes 75.3 51.5 209.2 155.6
Income tax expense (benefit) 14.4 7.5 36.5 25.8
Earnings (loss) from equity in subsidiaries 0.0 0.0 0.0 0.0
Net income (loss) before royalties and dividends 60.9 44.0 172.7 129.8
Royalties and dividends 0.0 0.0 0.0 0.0
Net income after royalties and dividends 60.9 44.0 172.7 129.8
Other comprehensive loss (43.3) (25.2) (68.7) (6.7)
Comprehensive income 17.6 18.8 104.0 123.1
Holdings [Member]        
Net sales        
External 0.0 0.0 0.0 0.0
Intercompany 0.0 0.0 0.0 0.0
Total net sales 0.0 0.0 0.0 0.0
Cost of goods sold 0.0 0.0 0.0 0.0
Gross profit 0.0 0.0 0.0 0.0
Selling, general and administrative expenses 0.0 0.0 0.0 0.0
Operating Income (loss) 0.0 0.0 0.0 0.0
Non-operating income (expense), net 0.0 0.0 0.0 0.0
Income (loss) before income taxes 0.0 0.0 0.0 0.0
Income tax expense (benefit) 0.0 0.0 0.0 0.0
Earnings (loss) from equity in subsidiaries 60.9 44.0 172.7 129.8
Net income (loss) before royalties and dividends 60.9 44.0 172.7 129.8
Royalties and dividends 0.0 0.0 0.0 0.0
Net income after royalties and dividends 60.9 44.0 172.7 129.8
Other comprehensive loss (43.3) (25.2) (68.7) (6.7)
Comprehensive income 17.6 18.8 104.0 123.1
AAM Inc. [Member]        
Net sales        
External 292.4 300.9 866.0 826.8
Intercompany 2.1 2.7 7.6 8.5
Total net sales 294.5 303.6 873.6 835.3
Cost of goods sold 283.3 291.9 846.9 812.3
Gross profit 11.2 11.7 26.7 23.0
Selling, general and administrative expenses 60.3 55.0 179.9 155.6
Operating Income (loss) (49.1) (43.3) (153.2) (132.6)
Non-operating income (expense), net (22.4) (25.8) (73.1) (77.5)
Income (loss) before income taxes (71.5) (69.1) (226.3) (210.1)
Income tax expense (benefit) 6.1 6.6 18.1 13.4
Earnings (loss) from equity in subsidiaries 79.9 63.9 236.4 186.7
Net income (loss) before royalties and dividends 2.3 (11.8) (8.0) (36.8)
Royalties and dividends 58.6 55.8 180.7 166.6
Net income after royalties and dividends 60.9 44.0 172.7 129.8
Other comprehensive loss (43.3) (25.2) (68.7) (6.7)
Comprehensive income 17.6 18.8 104.0 123.1
Guarantor Subsidiaries [Member]        
Net sales        
External 51.1 56.9 165.0 174.0
Intercompany 66.0 64.1 196.3 184.7
Total net sales 117.1 121.0 361.3 358.7
Cost of goods sold 95.0 100.5 295.3 303.0
Gross profit 22.1 20.5 66.0 55.7
Selling, general and administrative expenses 0.0 0.0 0.0 0.1
Operating Income (loss) 22.1 20.5 66.0 55.6
Non-operating income (expense), net 2.3 2.0 7.4 7.2
Income (loss) before income taxes 24.4 22.5 73.4 62.8
Income tax expense (benefit) 0.1 0.1 (0.2) 0.3
Earnings (loss) from equity in subsidiaries (3.5) (9.1) (12.9) (25.1)
Net income (loss) before royalties and dividends 20.8 13.3 60.7 37.4
Royalties and dividends 0.0 0.0 0.0 0.0
Net income after royalties and dividends 20.8 13.3 60.7 37.4
Other comprehensive loss (33.8) (19.0) (61.0) (7.9)
Comprehensive income (13.0) (5.7) (0.3) 29.5
Non-Guarantor Subsidiaries [Member]        
Net sales        
External 628.1 593.0 1,913.7 1,755.7
Intercompany 4.4 5.3 14.3 17.3
Total net sales 632.5 598.3 1,928.0 1,773.0
Cost of goods sold 507.5 489.8 1,545.1 1,440.1
Gross profit 125.0 108.5 382.9 332.9
Selling, general and administrative expenses 5.2 9.0 24.7 26.9
Operating Income (loss) 119.8 99.5 358.2 306.0
Non-operating income (expense), net 2.6 (1.4) 3.9 (3.1)
Income (loss) before income taxes 122.4 98.1 362.1 302.9
Income tax expense (benefit) 8.2 0.8 18.6 12.1
Earnings (loss) from equity in subsidiaries 0.0 0.0 0.0 0.0
Net income (loss) before royalties and dividends 114.2 97.3 343.5 290.8
Royalties and dividends (58.6) (55.8) (180.7) (166.6)
Net income after royalties and dividends 55.6 41.5 162.8 124.2
Other comprehensive loss (40.7) (22.2) (69.7) (10.7)
Comprehensive income 14.9 19.3 93.1 113.5
Elims [Member]        
Net sales        
External 0.0 0.0 0.0 0.0
Intercompany (72.5) (72.1) (218.2) (210.5)
Total net sales (72.5) (72.1) (218.2) (210.5)
Cost of goods sold (72.5) (72.1) (218.2) (210.5)
Gross profit 0.0 0.0 0.0 0.0
Selling, general and administrative expenses 0.0 0.0 0.0 0.0
Operating Income (loss) 0.0 0.0 0.0 0.0
Non-operating income (expense), net 0.0 0.0 0.0 0.0
Income (loss) before income taxes 0.0 0.0 0.0 0.0
Income tax expense (benefit) 0.0 0.0 0.0 0.0
Earnings (loss) from equity in subsidiaries (137.3) (98.8) (396.2) (291.4)
Net income (loss) before royalties and dividends (137.3) (98.8) (396.2) (291.4)
Royalties and dividends 0.0 0.0 0.0 0.0
Net income after royalties and dividends (137.3) (98.8) (396.2) (291.4)
Other comprehensive loss 117.8 66.4 199.4 25.3
Comprehensive income $ (19.5) $ (32.4) $ (196.8) $ (266.1)