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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 587.7 $ 557.0
Accounts receivable, net 798.1 793.2
Inventories, net 395.0 323.2
Prepaid expenses and other 169.7 203.6
Total current assets 1,950.5 1,877.0
Property, plant and equipment, net 2,067.0 2,163.8
Deferred income taxes 115.1 107.8
Goodwill 185.1 185.7
Other intangible assets, net 738.4 780.7
GM postretirement cost sharing asset 235.9 237.0
Operating lease right-of-use assets 123.2 116.6
Other assets and deferred charges 429.7 447.7
Total assets 5,844.9 5,916.3
Current liabilities    
Current portion of long-term debt 116.5 13.7
Accounts payable 647.4 578.9
Accrued compensation and benefits 173.2 170.9
Deferred revenue 24.5 23.4
Current portion of operating lease liabilities 23.8 22.6
Accrued expenses and other 166.7 169.8
Total current liabilities 1,152.1 979.3
Long-term debt, net 3,118.5 3,441.3
Deferred revenue 89.9 91.0
Deferred income taxes 14.0 13.2
Long-term portion of operating lease liabilities 100.2 94.4
Postretirement benefits and other long-term liabilities 928.9 923.9
Total liabilities 5,403.6 5,543.1
Stockholders' equity    
Common stock, par value $0.01 per share; 150.0 million shares authorized; 122.5 million shares issued as of June 30, 2021 and 121.3 million shares issued as of December 31, 2020 1.3 1.2
Paid-in capital 1,343.3 1,333.3
Accumulated deficit (265.2) (319.8)
Treasury stock at cost, 8.4 million shares as of June 30, 2021 and 8.0 million shares as of December 31, 2020 (216.2) (212.0)
Accumulated other comprehensive loss    
Defined benefit plans, net of tax (306.7) (311.0)
Foreign currency translation adjustments (99.9) (101.1)
Unrecognized loss on cash flow hedges, net of tax (15.3) (20.1)
Total AAM stockholders' equity 441.3 370.5
Noncontrolling interests in subsidiaries 0.0 2.7
Total stockholders' equity 441.3 373.2
Total liabilities and stockholders' equity $ 5,844.9 $ 5,916.3