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Segment Reporting (Tables)
 9 Months Ended
Sep. 30, 2017
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
The following tables represent information by reportable segment for the three months ended September 30, 2017 and 2016:



Three Months Ended September 30, 2017


Driveline

Metal Forming

Powertrain

Casting

Total
Sales

$
1,007.9


$
368.2


$
260.9


$
226.6


$
1,863.6

Less: intersegment sales

0.2


106.8


3.8


28.4


139.2

Net external sales
 
$
1,007.7


$
261.4


$
257.1


$
198.2


$
1,724.4

 
 
 
 
 
 
 
 
 
 
 
Segment Adjusted EBITDA
 
$
181.4

 
$
70.7

 
$
36.8

 
$
8.8

 
$
297.7



Three Months Ended September 30, 2016


Driveline

Metal Forming

Powertrain

Casting

Total
Sales

$
956.1


$
137.2


$
—


$
—


$
1,093.3

Less: intersegment sales

0.1


86.3


—


—


86.4

Net external sales
 
$
956.0


$
50.9


$
—


$
—


$
1,006.9

 
 
 
 
 
 
 
 
 
 
 
Segment Adjusted EBITDA
 
$
134.4

 
$
22.3

 
$
—

 
$
—

 
$
156.7













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


Nine Months Ended September 30, 2017


Driveline

Metal Forming

Powertrain

Casting

Total
Sales

$
3,028.7


$
887.5


$
544.5


$
452.2


$
4,912.9

Less: intersegment sales

1.1


315.1


6.0


58.6


380.8

Net external sales
 
$
3,027.6


$
572.4


$
538.5


$
393.6


$
4,532.1

 
 
 
 
 
 
 
 
 
 
 
Segment Adjusted EBITDA
 
$
513.5

 
$
170.5

 
$
88.7

 
$
34.3

 
$
807.0



Nine Months Ended September 30, 2016


Driveline

Metal Forming

Powertrain

Casting

Total
Sales

$
2,840.4


$
414.4


$
—


$
—


$
3,254.8

Less: intersegment sales

3.8


249.5


—


—


253.3

Net external sales
 
$
2,836.6

 
$
164.9

 
$
—

 
$
—

 
$
3,001.5

 
 
 
 
 
 
 
 
 
 
 
Segment Adjusted EBITDA
 
$
391.9

 
$
79.4

 
$
—

 
$
—

 
$
471.3

Total assets by reportable segment as of September 30, 2017 and December 31, 2016 were as follows:
 
 
September 30, 2017
 
 
Driveline
 
Metal Forming
 
Powertrain
 
Casting
 
Corporate and Eliminations
 
Total
Total assets
 
$
2,362.7

 
$
2,155.8

 
$
1,825.1

 
$
1,018.0

 
$
696.7

 
$
8,058.3

 
 
December 31, 2016
 
 
Driveline
 
Metal Forming
 
Powertrain
 
Casting
 
Corporate and Eliminations
 
Total
Total assets
 
$
2,183.9

 
$
410.3

 
$
—

 
$
—

 
$
829.7

 
$
3,423.9
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 nine months ended September 30, 2017 and 2016.

Three Months Ended September 30,

Nine Months Ended September 30,

2017

2016

2017

2016
Segment Adjusted EBITDA
$
297.7

 
$
156.7

 
$
807.0

 
$
471.3

Interest expense
(57.5
)
 
(23.2
)
 
(139.9
)
 
(70.2
)
Depreciation and amortization
(122.6
)
 
(49.9
)
 
(303.4
)
 
(150.4
)
Restructuring and acquisition-related costs
(22.8
)
 
—

 
(90.5
)
 
—

Pension settlement
(2.9
)
 
—

 
(2.9
)
 
—

Acquisition-related fair value inventory adjustment
—

 
—

 
(24.9
)
 
—

Impact of change in accounting principle
—

 
—

 
3.7

 
—

Debt refinancing and redemption costs
—

 
—

 
(2.7
)
 
—

Asset impairment charge
—

 
(3.4
)
 
—

 
(3.4
)
Investment gain related to the final distribution of the Reserve Yield Plus Fund
—

 
—

 
—

 
1.0

Other
0.1

 
(0.7
)
 
0.2

 
(0.7
)
Income before income taxes
$
92.0

 
$
79.5

 
$
246.6

 
$
247.6