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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Net income $ 304.8 $ 231.0
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 390.9 303.4
Impairment of long-lived assets 26.6 0.0
Deferred income taxes 51.7 (43.8)
Stock-based compensation 20.7 37.2
Pensions and other postretirement benefits, net of contributions (3.1) 0.6
Gain on sale of business (15.5) 0.0
Loss (Gain) on disposal of property, plant and equipment, net (3.3) 0.7
Debt refinancing and redemption costs and (gain) on settlement of capital lease (0.8) 2.7
Changes in operating assets and liabilities, net of amounts acquired or disposed    
Accounts receivable (248.0) (131.0)
Inventories (67.2) (3.3)
Accounts payable and accrued expenses 188.7 65.3
Deferred revenue 13.3 10.1
Other assets and liabilities (145.6) (52.2)
Net cash provided by operating activities 513.2 420.7
Investing activities    
Purchases of property, plant and equipment (391.8) (278.7)
Proceeds from sale of property, plant and equipment 3.2 1.7
Purchase buyouts of leased equipment (0.5) (12.6)
Proceeds from sale of business, net 47.1 5.9
Acquisition of business, net of cash acquired (1.3) (895.5)
Net cash used in investing activities (343.3) (1,179.2)
Financing activities    
Payments of long-term debt and capital lease obligations (568.0) (1,944.6)
Proceeds from issuance of long-term debt 481.3 2,858.1
Debt issuance costs (6.9) (90.8)
Purchase of noncontrolling interest (2.2) 0.0
Purchase of treasury stock (3.7) (7.0)
Employee stock option exercises 0.0 0.9
Net cash provided by (used in) financing activities (99.5) 816.6
Effect of exchange rate changes on cash (5.3) 10.3
Net increase in cash, cash equivalents and restricted cash 65.1 68.4
Cash, cash equivalents and restricted cash at beginning of period 376.8 481.2
Cash, cash equivalents and restricted cash at end of period 441.9 549.6
Supplemental cash flow information    
Interest paid 127.8 108.9
Income taxes paid, net of refunds 33.6 30.2
Non-cash investing activities: AAM common shares issued for acquisition of MPG $ 0.0 $ 576.7