XML 15 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 439.4 $ 376.8
Accounts receivable, net 1,271.8 1,035.9
Inventories, net 443.6 392.0
Prepaid expenses and other 143.6 140.3
Total current assets 2,298.4 1,945.0
Property, plant and equipment, net 2,467.9 2,402.9
Deferred income taxes 31.8 37.1
Goodwill 1,633.0 1,654.3
Intangible assets, net 1,135.2 1,212.5
GM postretirement cost sharing asset 246.3 252.2
Other assets and deferred charges 433.5 378.8
Total assets 8,246.1 7,882.8
Current liabilities    
Current portion of long-term debt 16.5 5.9
Accounts payable 946.4 799.0
Accrued compensation and benefits 185.6 200.0
Deferred revenue 44.9 34.1
Accrued expenses and other 220.7 177.4
Total current liabilities 1,414.1 1,216.4
Long-term debt, net 3,874.3 3,969.3
Deferred revenue 79.6 78.8
Deferred income taxes 159.8 101.7
Postretirement benefits and other long-term liabilities 879.6 976.6
Total liabilities 6,407.4 6,342.8
Stockholders' equity    
Common stock, par value $0.01 per share; 150.0 million shares authorized; 118.8 million shares issued as of September 30, 2018 and 118.2 million shares issued as of December 31, 2017 1.2 1.2
Paid-in capital 1,285.5 1,264.6
Retained earnings 1,065.3 761.0
Treasury stock at cost, 7.2 million shares as of September 30, 2018 and 6.9 million shares as of December 31, 2017 (201.8) (198.1)
Accumulated other comprehensive income (loss)    
Defined benefit plans, net of tax (237.5) (252.0)
Foreign currency translation adjustments (89.1) (34.1)
Unrecognized income (loss) on cash flow hedges, net of tax 13.0 (6.6)
Total AAM stockholders' equity 1,836.6 1,536.0
Noncontrolling interests in subsidiaries 2.1 4.0
Total stockholders' equity 1,838.7 1,540.0
Total liabilities and stockholders' equity $ 8,246.1 $ 7,882.8