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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 252.1 $ 476.4
Accounts receivable, net 1,202.1 966.5
Inventories, net 452.5 459.7
Prepaid expenses and other 132.2 127.2
Total current assets 2,038.9 2,029.8
Property, plant and equipment, net 2,537.6 2,514.4
Deferred income taxes 45.6 45.5
Goodwill 1,138.3 1,141.8
Other intangible assets, net 1,087.5 1,111.1
GM postretirement cost sharing asset 221.9 219.4
Other assets and deferred charges 545.7 448.7
Total assets 7,615.5 7,510.7
Current liabilities    
Current portion of long-term debt 118.6 121.6
Accounts payable 882.1 840.2
Accrued compensation and benefits 155.7 179.0
Deferred revenue 39.0 44.3
Accrued expenses and other 196.1 171.7
Total current liabilities 1,391.5 1,356.8
Long-term debt, net 3,678.9 3,686.8
Deferred revenue 76.7 77.6
Deferred income taxes 75.1 92.6
Postretirement benefits and other long-term liabilities 869.5 810.6
Total liabilities 6,091.7 6,024.4
Stockholders' equity    
Common stock, par value $0.01 per share; 150.0 million shares authorized; 120.1 million shares issued as of March 31, 2019 and 118.9 million shares issued as of December 31, 2018 1.2 1.2
Paid-in capital 1,298.1 1,292.6
Retained earnings 774.7 703.5
Treasury stock at cost, 7.6 million shares as of March 31, 2019 and 7.2 million shares as of December 31, 2018 (209.1) (201.8)
Accumulated other comprehensive loss    
Defined benefit plans, net of tax (240.9) (213.9)
Foreign currency translation adjustments (99.1) (96.6)
Unrecognized loss on cash flow hedges, net of tax (3.6) (1.1)
Total AAM stockholders' equity 1,521.3 1,483.9
Noncontrolling interests in subsidiaries 2.5 2.4
Total stockholders' equity 1,523.8 1,486.3
Total liabilities and stockholders' equity $ 7,615.5 $ 7,510.7