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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 601.2 $ 557.0
Accounts receivable, net 852.8 793.2
Inventories, net 338.1 323.2
Prepaid expenses and other 190.3 203.6
Total current assets 1,982.4 1,877.0
Property, plant and equipment, net 2,115.8 2,163.8
Deferred income taxes 106.7 107.8
Goodwill 184.7 185.7
Other intangible assets, net 759.4 780.7
GM postretirement cost sharing asset 235.1 237.0
Operating lease right-of-use assets 120.0 116.6
Other assets and deferred charges 432.8 447.7
Total assets 5,936.9 5,916.3
Current liabilities    
Current portion of long-term debt 13.7 13.7
Accounts payable 655.4 578.9
Accrued compensation and benefits 158.3 170.9
Deferred revenue 23.2 23.4
Current portion of operating lease liabilities 22.9 22.6
Accrued expenses and other 168.6 169.8
Total current liabilities 1,042.1 979.3
Long-term debt, net 3,360.9 3,441.3
Deferred revenue 93.0 91.0
Deferred income taxes 12.9 13.2
Long-term portion of operating lease liabilities 97.7 94.4
Postretirement benefits and other long-term liabilities 929.0 923.9
Total liabilities 5,535.6 5,543.1
Stockholders' equity    
Common stock, par value $0.01 per share; 150.0 million shares authorized; 122.3 million shares issued as of March 31, 2021 and 121.3 million shares issued as of December 31, 2020 1.3 1.2
Paid-in capital 1,338.6 1,333.3
Accumulated deficit (281.2) (319.8)
Treasury stock at cost, 8.4 million shares as of March 31, 2021 and 8.0 million shares as of December 31, 2020 (216.0) (212.0)
Accumulated other comprehensive loss    
Defined benefit plans, net of tax (308.9) (311.0)
Foreign currency translation adjustments (112.1) (101.1)
Unrecognized loss on cash flow hedges, net of tax (20.4) (20.1)
Total AAM stockholders' equity 401.3 370.5
Noncontrolling interests in subsidiaries 0.0 2.7
Total stockholders' equity 401.3 373.2
Total liabilities and stockholders' equity $ 5,936.9 $ 5,916.3