XML 15 R2.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Net sales $ 1,425.1 $ 1,343.5
Cost of goods sold 1,198.0 1,148.2
Gross profit 227.1 195.3
Selling, general and administrative expenses 90.0 90.3
Amortization of intangible assets 21.5 21.8
Impairment charges 0.0 510.0
Restructuring and acquisition-related costs 17.5 17.6
Loss on sale of business 2.6 1.0
Operating income (loss) 95.5 (445.4)
Interest expense (51.1) (51.5)
Interest income 2.9 2.8
Debt refinancing and redemption costs (1.1) (1.5)
Other income (expense), net 1.2 (2.3)
Income (loss) before income taxes 47.4 (497.9)
Income tax expense 8.8 3.3
Net income (loss) 38.6 (501.2)
Net income attributable to noncontrolling interests 0.0 (0.1)
Net income (loss) attributable to AAM $ 38.6 $ (501.3)
Basic earnings (loss) per share $ 0.33 $ (4.45)
Diluted earnings (loss) per share $ 0.33 $ (4.45)