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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 682.7 $ 532.0
Accounts receivable, net 794.7 815.4
Inventories, net 394.5 373.6
Prepaid expenses and other 171.2 136.8
Total current assets 2,043.1 1,857.8
Property, plant and equipment, net 2,275.2 2,358.4
Deferred income taxes 55.9 64.1
Goodwill 181.1 699.1
Other intangible assets, net 842.8 864.5
GM postretirement cost sharing asset 221.8 223.3
Other assets and deferred charges 566.8 577.4
Total assets 6,186.7 6,644.6
Current liabilities    
Borrowings under Revolving Credit Facility 200.0 0.0
Current portion of long-term debt 21.7 28.7
Accounts payable 624.7 623.5
Accrued compensation and benefits 142.8 154.4
Deferred revenue 21.3 18.9
Accrued expenses and other 208.2 200.9
Total current liabilities 1,218.7 1,026.4
Long-term debt, net 3,511.7 3,612.3
Deferred revenue 77.5 83.7
Deferred income taxes 45.7 19.6
Postretirement benefits and other long-term liabilities 940.7 922.2
Total liabilities 5,794.3 5,664.2
Stockholders' equity    
Common stock, par value $0.01 per share; 150.0 million shares authorized; 121.0 million shares issued as of March 31, 2020 and 120.2 million shares issued as of December 31, 2019 1.2 1.2
Paid-in capital 1,318.5 1,313.9
Retained earnings (Accumulated deficit) (259.8) 248.6
Treasury stock at cost, 8.0 million shares as of March 31, 2020 and 7.6 million shares as of December 31, 2019 (211.7) (209.3)
Accumulated other comprehensive loss    
Defined benefit plans, net of tax (258.3) (259.9)
Foreign currency translation adjustments (149.7) (101.2)
Unrecognized loss on cash flow hedges, net of tax (50.4) (15.7)
Total AAM stockholders' equity 389.8 977.6
Noncontrolling interests in subsidiaries 2.6 2.8
Total stockholders' equity 392.4 980.4
Total liabilities and stockholders' equity $ 6,186.7 $ 6,644.6