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Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

The following tables represent information by reportable segment for the three months ended September 30, 2020 and 2019 (in millions):

						Three Months Ended September 30, 2020
						Driveline						Metal Forming						Casting												Total
Sales						$	1,094.5					$	433.2					$	—											$	1,527.7
Less: intersegment sales						0.6						113.0						—												113.6
Net external sales						$	1,093.9					$	320.2					$	—											$	1,414.1
Segment Adjusted EBITDA						$	207.4					$	89.7					$	—											$	297.1
						Three Months Ended September 30, 2019
						Driveline						Metal Forming						Casting												Total
Sales						$	1,186.8					$	476.6					$	168.4											$	1,831.8
Less: intersegment sales						34.4						107.0						13.0												154.4
Net external sales						$	1,152.4					$	369.6					$	155.4											$	1,677.4
Segment Adjusted EBITDA						$	181.0					$	79.3					$	5.5											$	265.8

The following tables represent information by reportable segment for the nine months ended September 30, 2020 and 2019 (in millions):

						Nine Months Ended September 30, 2020
						Driveline						Metal Forming						Casting												Total
Sales						$	2,529.9					$	1,005.8					$	—											$	3,535.7
Less: intersegment sales						27.5						235.3						—												262.8
Net external sales						$	2,502.4					$	770.5					$	—											$	3,272.9
Segment Adjusted EBITDA						$	315.5					$	142.8					$	—											$	458.3
						Nine Months Ended September 30, 2019
						Driveline						Metal Forming						Casting												Total
Sales						$	3,534.6					$	1,444.1					$	541.6											$	5,520.3
Less: intersegment sales						77.9						309.0						32.5												419.4
Net external sales						$	3,456.7					$	1,135.1					$	509.1											$	5,100.9
Segment Adjusted EBITDA						$	485.9					$	250.2					$	40.7											$	776.8

Reconciliation of Total Segment Adjusted EBITDA to Income Before Income Taxes [Table Text Block]

The following table represents a reconciliation of Total Segment Adjusted EBITDA to consolidated income (loss) before income taxes for the three and nine months ended September 30, 2020 and 2019 (in millions):

			Three Months Ended September 30,												Nine Months Ended September 30,
			2020						2019						2020						2019
Total segment adjusted EBITDA			$	297.1					$	265.8					$	458.3					$	776.8
Interest expense			(53.9)						(54.3)						(160.0)						(163.9)
Depreciation and amortization			(125.0)						(134.2)						(393.7)						(411.5)
Restructuring and acquisition-related costs			(9.7)						(11.7)						(38.6)						(36.0)
Loss on sale of business			—						—						(1.0)						—
Debt refinancing and redemption costs			(5.2)						(5.1)						(6.7)						(7.5)
Impairment charges			—						(225.0)						(510.0)						(225.0)
Non-recurring items:
Malvern Fire charges, net of recoveries			(8.6)						—						(8.6)						—
Income (loss) before income taxes			$	94.7					$	(164.5)					$	(660.3)					$	(67.1)

X

- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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