XML 17 R2.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Net sales $ 4,710.8 $ 6,530.9 $ 7,270.4
Cost of goods sold 4,128.1 5,628.3 6,130.0
Gross profit 582.7 902.6 1,140.4
Selling, general and administrative expenses 313.9 364.7 385.7
Amortization of intangible assets 86.6 95.4 99.4
Impairment charges 510.0 665.0 485.5
Restructuring and acquisition-related costs 67.2 57.8 78.9
Loss (gain) on sale of business 1.0 21.3 (15.5)
Operating income (loss) (396.0) (301.6) 106.4
Interest expense (212.3) (217.3) (216.3)
Interest income 11.6 5.8 2.0
Other income (expense)      
Debt refinancing and redemption costs (7.9) (8.4) (19.4)
Gain on bargain purchase of business 0.0 10.8 0.0
Gain on settlement of capital lease 0.0 0.0 15.6
Pension settlement charges (0.5) (9.8) 0.0
Other expense, net (5.2) (12.5) (2.2)
Loss before income taxes (610.3) (533.0) (113.9)
Income tax benefit (49.2) (48.9) (57.1)
Net loss (561.1) (484.1) (56.8)
Net income attributable to noncontrolling interests (0.2) (0.4) (0.7)
Net loss attributable to AAM $ (561.3) $ (484.5) $ (57.5)
Basic loss per share $ (4.96) $ (4.31) $ (0.51)
Diluted loss per share $ (4.96) $ (4.31) $ (0.51)