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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 893.3 $ 532.0
Accounts receivable, net 550.2 815.4
Inventories, net 358.5 373.6
Prepaid expenses and other 159.5 136.8
Total current assets 1,961.5 1,857.8
Property, plant and equipment, net 2,209.9 2,358.4
Deferred income taxes 101.9 64.1
Goodwill 181.9 699.1
Other intangible assets, net 821.8 864.5
GM postretirement cost sharing asset 223.3 223.3
Other assets and deferred charges 554.7 577.4
Total assets 6,055.0 6,644.6
Current liabilities    
Borrowings under Revolving Credit Facility 200.0 0.0
Current portion of long-term debt 373.7 28.7
Accounts payable 353.2 623.5
Accrued compensation and benefits 139.8 154.4
Deferred revenue 22.5 18.9
Accrued expenses and other 171.1 200.9
Total current liabilities 1,260.3 1,026.4
Long-term debt, net 3,561.4 3,612.3
Deferred revenue 78.5 83.7
Deferred income taxes 44.6 19.6
Postretirement benefits and other long-term liabilities 911.4 922.2
Total liabilities 5,856.2 5,664.2
Stockholders' equity    
Common stock, par value $0.01 per share; 150.0 million shares authorized; 121.3 million shares issued as of June 30, 2020 and 120.2 million shares issued as of December 31, 2019 1.2 1.2
Paid-in capital 1,323.2 1,313.9
Retained earnings (Accumulated deficit) (473.0) 248.6
Treasury stock at cost, 8.0 million shares as of June 30, 2020 and 7.6 million shares as of December 31, 2019 (212.0) (209.3)
Accumulated other comprehensive loss    
Defined benefit plans, net of tax (256.6) (259.9)
Foreign currency translation adjustments (144.9) (101.2)
Unrecognized loss on cash flow hedges, net of tax (41.7) (15.7)
Total AAM stockholders' equity 196.2 977.6
Noncontrolling interests in subsidiaries 2.6 2.8
Total stockholders' equity 198.8 980.4
Total liabilities and stockholders' equity $ 6,055.0 $ 6,644.6