XML 84 R73.htm IDEA: XBRL DOCUMENT v3.7.0.1
Supplemental Guarantor Condensed Consolidating Statements of Cash Flows (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Net cash provided by operating activities     $ 213.2 $ 183.5
Investing activities        
Purchases of property, plant and equipment     (138.6) (105.7)
Proceeds from sale of property, plant and equipment     1.5 0.6
Purchase buyouts of leased equipment     (8.4) 0.0
Proceeds from sale of business, net     5.9 0.0
Acquisition of business, net of cash acquired     (895.5) 0.0
Proceeds from government grants     0.0 2.8
Final distribution of Reserve Yield Plus Fund $ 0.0 $ 1.0 0.0 1.0
Intercompany Activity - Investing       0.0
Net cash used in investing activities     (1,035.1) (101.3)
Financing activities        
Net debt activity     920.4 25.8
Debt issuance costs     (90.5) 0.0
Employee stock option exercises     0.9 0.1
Purchase of treasury stock     (6.9) (5.0)
Intercompany Activity - Financing     0.0 0.0
Net cash provided by financing activities     823.9 20.9
Effect of exchange rate changes on cash     7.4 2.8
Net increase (decrease) in cash and cash equivalents     9.4 105.9
Cash and cash equivalents at beginning of period     481.2 282.5
Cash and cash equivalents at end of period 490.6 388.4 490.6 388.4
Holdings [Member]        
Net cash provided by operating activities     0.0 0.0
Investing activities        
Purchases of property, plant and equipment     0.0 0.0
Proceeds from sale of property, plant and equipment     0.0 0.0
Purchase buyouts of leased equipment     0.0  
Proceeds from sale of business, net     0.0  
Acquisition of business, net of cash acquired     0.0  
Proceeds from government grants       0.0
Final distribution of Reserve Yield Plus Fund       0.0
Intercompany Activity - Investing       0.0
Net cash used in investing activities     0.0 0.0
Financing activities        
Net debt activity     0.0 0.0
Debt issuance costs     0.0  
Employee stock option exercises     0.0 0.0
Purchase of treasury stock     (6.9) (5.0)
Intercompany Activity - Financing     6.9 5.0
Net cash provided by financing activities     0.0 0.0
Effect of exchange rate changes on cash     0.0 0.0
Net increase (decrease) in cash and cash equivalents     0.0 0.0
Cash and cash equivalents at beginning of period     0.0 0.0
Cash and cash equivalents at end of period 0.0 0.0 0.0 0.0
AAM Inc. [Member]        
Net cash provided by operating activities     222.8 140.2
Investing activities        
Purchases of property, plant and equipment     (28.4) (18.8)
Proceeds from sale of property, plant and equipment     0.3 0.0
Purchase buyouts of leased equipment     (8.4)  
Proceeds from sale of business, net     7.5  
Acquisition of business, net of cash acquired     (953.5)  
Proceeds from government grants       0.0
Final distribution of Reserve Yield Plus Fund       1.0
Intercompany Activity - Investing       0.0
Net cash used in investing activities     (982.5) (17.8)
Financing activities        
Net debt activity     931.4 (0.4)
Debt issuance costs     (90.5)  
Employee stock option exercises     0.9 0.1
Purchase of treasury stock     0.0 0.0
Intercompany Activity - Financing     (6.9) (5.0)
Net cash provided by financing activities     834.9 (5.3)
Effect of exchange rate changes on cash     0.0 0.0
Net increase (decrease) in cash and cash equivalents     75.2 117.1
Cash and cash equivalents at beginning of period     84.3 52.0
Cash and cash equivalents at end of period 159.5 169.1 159.5 169.1
Guarantor Subsidiaries [Member]        
Net cash provided by operating activities     (25.2) 11.6
Investing activities        
Purchases of property, plant and equipment     (39.2) (9.6)
Proceeds from sale of property, plant and equipment     0.1 0.2
Purchase buyouts of leased equipment     0.0  
Proceeds from sale of business, net     (1.6)  
Acquisition of business, net of cash acquired     64.6  
Proceeds from government grants       0.0
Final distribution of Reserve Yield Plus Fund       0.0
Intercompany Activity - Investing       (2.0)
Net cash used in investing activities     23.9 (11.4)
Financing activities        
Net debt activity     (0.2) (0.2)
Debt issuance costs     0.0  
Employee stock option exercises     0.0 0.0
Purchase of treasury stock     0.0 0.0
Intercompany Activity - Financing     0.0 0.0
Net cash provided by financing activities     (0.2) (0.2)
Effect of exchange rate changes on cash     0.0 0.0
Net increase (decrease) in cash and cash equivalents     (1.5) 0.0
Cash and cash equivalents at beginning of period     1.6 0.0
Cash and cash equivalents at end of period 0.1 0.0 0.1 0.0
Non-Guarantor Subsidiaries [Member]        
Net cash provided by operating activities     15.6 31.7
Investing activities        
Purchases of property, plant and equipment     (71.0) (77.3)
Proceeds from sale of property, plant and equipment     1.1 0.4
Purchase buyouts of leased equipment     0.0  
Proceeds from sale of business, net     0.0  
Acquisition of business, net of cash acquired     (6.6)  
Proceeds from government grants       2.8
Final distribution of Reserve Yield Plus Fund       0.0
Intercompany Activity - Investing       0.0
Net cash used in investing activities     (76.5) (74.1)
Financing activities        
Net debt activity     (10.8) 26.4
Debt issuance costs     0.0  
Employee stock option exercises     0.0 0.0
Purchase of treasury stock     0.0 0.0
Intercompany Activity - Financing     0.0 2.0
Net cash provided by financing activities     (10.8) 28.4
Effect of exchange rate changes on cash     7.4 2.8
Net increase (decrease) in cash and cash equivalents     (64.3) (11.2)
Cash and cash equivalents at beginning of period     395.3 230.5
Cash and cash equivalents at end of period 331.0 219.3 331.0 219.3
Consolidation, Eliminations [Member]        
Net cash provided by operating activities     0.0 0.0
Investing activities        
Purchases of property, plant and equipment     0.0 0.0
Proceeds from sale of property, plant and equipment     0.0 0.0
Purchase buyouts of leased equipment     0.0  
Proceeds from sale of business, net     0.0  
Acquisition of business, net of cash acquired     0.0  
Proceeds from government grants       0.0
Final distribution of Reserve Yield Plus Fund       0.0
Intercompany Activity - Investing       2.0
Net cash used in investing activities     0.0 2.0
Financing activities        
Net debt activity     0.0 0.0
Debt issuance costs     0.0  
Employee stock option exercises     0.0 0.0
Purchase of treasury stock     0.0 0.0
Intercompany Activity - Financing     0.0 (2.0)
Net cash provided by financing activities     0.0 (2.0)
Effect of exchange rate changes on cash     0.0 0.0
Net increase (decrease) in cash and cash equivalents     0.0 0.0
Cash and cash equivalents at beginning of period     0.0 0.0
Cash and cash equivalents at end of period $ 0.0 $ 0.0 $ 0.0 $ 0.0