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Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
Total assets by reportable segment as of June 30, 2017 and December 31, 2016 were as follows:
 
 
June 30, 2017
 
 
Driveline
 
Metal Forming
 
Powertrain
 
Casting
 
Other
 
Total
Total assets
 
$
2,300.1

 
$
2,131.5

 
$
1,816.6

 
$
1,013.4

 
$
628.2

 
$
7,889.8

 
 
December 31, 2016
 
 
Driveline
 
Metal Forming
 
Powertrain
 
Casting
 
Other
 
Total
Total assets
 
$
2,183.9

 
$
410.3

 
$
—

 
$
—

 
$
829.7

 
$
3,423.9

The following tables represent information by reportable segment for the three months ended June 30, 2017 and 2016:

 
 
Three Months Ended June 30, 2017
 
 
Driveline
 
Metal Forming
 
Powertrain
 
Casting
 
Total
Sales
 
$
1,021.5

 
$
369.3

 
$
283.6

 
$
225.6

 
$
1,900.0

Less: intersegment sales
 
0.4

 
109.4

 
2.2

 
30.2

 
142.2

Net external sales
 
$
1,021.1


$
259.9


$
281.4


$
195.4


$
1,757.8

 
 
 
 
 
 
 
 
 
 
 
Segment Adjusted EBITDA
 
$
178.9

 
$
69.4

 
$
51.9

 
$
25.5

 
$
325.7

 
 
Three Months Ended June 30, 2016
 
 
Driveline
 
Metal Forming
 
Powertrain
 
Casting
 
Total
Sales
 
$
969.5

 
$
141.4

 
$
—

 
$
—

 
$
1,110.9

Less: intersegment sales
 
1.9

 
83.6

 
—

 
—

 
85.5

Net external sales
 
$
967.6


$
57.8


$
—


$
—


$
1,025.4

 
 
 
 
 
 
 
 
 
 
 
Segment Adjusted EBITDA
 
$
135.7

 
$
29.1

 
$
—

 
$
—

 
$
164.8













The following tables represent information by reportable segment for the six months ended June 30, 2017 and 2016:
 
 
Six Months Ended June 30, 2017
 
 
Driveline
 
Metal Forming
 
Powertrain
 
Casting
 
Total
Sales
 
$
2,020.8

 
$
519.3

 
$
283.6

 
$
225.6

 
$
3,049.3

Less: intersegment sales
 
0.9

 
208.3

 
2.2

 
30.2

 
241.6

Net external sales
 
$
2,019.9


$
311.0


$
281.4


$
195.4


$
2,807.7

 
 
 
 
 
 
 
 
 
 
 
Segment Adjusted EBITDA
 
$
332.1

 
$
99.8

 
$
51.9

 
$
25.5

 
$
509.3

 
 
Six Months Ended June 30, 2016
 
 
Driveline
 
Metal Forming
 
Powertrain
 
Casting
 
Total
Sales
 
$
1,884.3

 
$
277.2

 
$
—

 
$
—

 
$
2,161.5

Less: intersegment sales
 
3.7

 
163.2

 
—

 
—

 
166.9

Net external sales
 
$
1,880.6

 
$
114.0

 
$
—

 
$
—

 
$
1,994.6

 
 
 
 
 
 
 
 
 
 
 
Segment Adjusted EBITDA
 
$
257.5

 
$
57.1

 
$
—

 
$
—

 
$
314.6
Reconciliation of Segment Adjusted EBITDA (Non-GAAP Measure) to Income Before Income Taxes [Table Text Block]
The following table represents a reconciliation of Segment Adjusted EBITDA to consolidated income before income taxes for the three and six months ended June 30, 2017 and 2016.

Three Months Ended June 30,

Six Months Ended June 30,

2017

2016

2017

2016
Segment Adjusted EBITDA
$
325.7

 
$
164.8

 
$
509.3

 
$
314.6

Interest expense
(56.9
)
 
(23.4
)
 
(82.4
)
 
(47.0
)
Depreciation and amortization
(124.6
)
 
(50.7
)
 
(180.8
)
 
(100.5
)
Restructuring and acquisition-related costs
(51.7
)
 
—

 
(67.7
)
 
—

Acquisition-related fair value inventory adjustment
(24.9
)
 
—

 
(24.9
)
 
—

Impact of change in accounting principle
3.7

 
—

 
3.7

 
—

Debt refinancing and redemption costs
(2.7
)
 
—

 
(2.7
)
 
—

Investment gain related to the final distribution of the Reserve Yield Plus Fund
—

 
1.0

 
—

 
1.0

Other
0.1

 
—

 
0.1

 
—

Income before income taxes
$
68.7

 
$
91.7

 
$
154.6

 
$
168.1