XML 15 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 549.6 $ 481.2
Accounts receivable, net 1,122.0 560.0
Inventories, net 396.6 182.3
Prepaid expenses and other 144.5 75.8
Total current assets 2,212.7 1,299.3
Property, plant and equipment, net 2,302.7 1,093.7
Deferred income taxes 39.9 369.4
Goodwill 1,654.6 154.0
Intangible assets, net 1,236.6 28.5
GM postretirement cost sharing asset 232.2 236.1
Other assets and deferred charges 379.6 242.9
Total assets 8,058.3 3,423.9
Current liabilities    
Current portion of long-term debt 6.8 3.3
Accounts payable 856.4 382.3
Accrued compensation and benefits 200.0 139.3
Deferred revenue 28.5 24.6
Accrued expenses and other 193.3 102.0
Total current liabilities 1,285.0 651.5
Long-term debt, net 4,169.3 1,400.9
Deferred revenue 79.7 70.8
Deferred income taxes 233.5 15.0
Postretirement benefits and other long-term liabilities 854.2 779.9
Total liabilities 6,621.7 2,918.1
Stockholders' equity    
118.2 million shares issued as of September 30, 2017 and 83.0 million shares issued as of December 31, 2016 1.2 0.9
Paid-in capital 1,258.5 660.1
Retained earnings 656.3 425.5
Treasury stock at cost, 6.9 million shares as of September 30, 2017 and 6.5 million shares as of December 31, 2016 (198.1) (191.1)
Accumulated other comprehensive loss    
Defined benefit plans, net of tax (239.8) (243.5)
Foreign currency translation adjustments (43.1) (122.4)
Unrecognized loss on cash flow hedges, net of tax (2.2) (23.7)
Total AAM stockholders' equity 1,432.8 505.8
Noncontrolling interests in subsidiaries 3.8 0.0
Total stockholders' equity 1,436.6 505.8
Total liabilities and stockholders' equity $ 8,058.3 $ 3,423.9