XML 18 R5.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 537.3 $ 532.0
Accounts receivable, net 900.8 815.4
Inventories, net 315.8 373.6
Prepaid expenses and other 158.7 136.8
Total current assets 1,912.6 1,857.8
Property, plant and equipment, net 2,157.9 2,358.4
Deferred income taxes 104.6 64.1
Goodwill 183.6 699.1
Other intangible assets, net 801.5 864.5
GM postretirement cost sharing asset 221.9 223.3
Other assets and deferred charges 560.0 577.4
Total assets 5,942.1 6,644.6
Current liabilities    
Current portion of long-term debt 26.5 28.7
Accounts payable 622.0 623.5
Accrued compensation and benefits 163.5 154.4
Deferred revenue 22.8 18.9
Accrued expenses and other 189.5 200.9
Total current liabilities 1,024.3 1,026.4
Long-term debt, net 3,555.4 3,612.3
Deferred revenue 75.6 83.7
Deferred income taxes 19.7 19.6
Postretirement benefits and other long-term liabilities 923.6 922.2
Total liabilities 5,598.6 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 September 30, 2020 and 120.2 million shares issued as of December 31, 2019 1.2 1.2
Paid-in capital 1,328.3 1,313.9
Retained earnings (Accumulated deficit) (355.8) 248.6
Treasury stock at cost, 8.0 million shares as of September 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 (254.9) (259.9)
Foreign currency translation adjustments (130.9) (101.2)
Unrecognized loss on cash flow hedges, net of tax (35.0) (15.7)
Total AAM stockholders' equity 340.9 977.6
Noncontrolling interests in subsidiaries 2.6 2.8
Total stockholders' equity 343.5 980.4
Total liabilities and stockholders' equity $ 5,942.1 $ 6,644.6