XML 49 R38.htm IDEA: XBRL DOCUMENT v3.21.2

Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

The following tables represent information by reportable segment for the three months ended September 30, 2021 and 2020 (in millions):

						Three Months Ended September 30, 2021
						Driveline						Metal Forming																		Total
Sales						$	870.4					$	422.7																	$	1,293.1
Less: intersegment sales						0.8						79.2																		80.0
Net external sales						$	869.6					$	343.5																	$	1,213.1
Segment Adjusted EBITDA						$	128.4					$	54.8																	$	183.2
						Three Months Ended September 30, 2020
						Driveline						Metal Forming																		Total
Sales						$	1,025.0					$	497.4																	$	1,522.4
Less: intersegment sales						0.4						107.9																		108.3
Net external sales						$	1,024.6					$	389.5																	$	1,414.1
Segment Adjusted EBITDA						$	199.5					$	97.6																	$	297.1

The following tables represent information by reportable segment for the nine months ended September 30, 2021 and 2020 (in millions):

						Nine Months Ended September 30, 2021
						Driveline						Metal Forming						Total
Sales						$	2,831.9					$	1,352.1					$	4,184.0
Less: intersegment sales						2.4						260.1						262.5
Net external sales						$	2,829.5					$	1,092.0					$	3,921.5
Segment Adjusted EBITDA						$	450.2					$	218.5					$	668.7
						Nine Months Ended September 30, 2020
						Driveline						Metal Forming						Total
Sales						$	2,346.7					$	1,147.7					$	3,494.4
Less: intersegment sales						0.5						221.0						221.5
Net external sales						$	2,346.2					$	926.7					$	3,272.9
Segment Adjusted EBITDA						$	309.0					$	149.3					$	458.3

Reconciliation of Total Segment Adjusted EBITDA to Income Before Income Taxes [Table Text Block]

The following table represents a reconciliation of Total Segment Adjusted EBITDA to consolidated income (loss) before income taxes for the three and nine months ended September 30, 2021 and 2020 (in millions):

			Three Months Ended September 30,												Nine Months Ended September 30,
			2021						2020						2021						2020
Total segment adjusted EBITDA			$	183.2					$	297.1					$	668.7					$	458.3
Interest expense			(49.7)						(53.9)						(150.7)						(160.0)
Depreciation and amortization			(135.6)						(125.0)						(421.2)						(393.7)
Restructuring and acquisition-related costs			(7.4)						(9.7)						(40.8)						(38.6)
Loss on sale of business			—						—						(2.7)						(1.0)
Unrealized gain on equity securities			19.4						—						19.4						—
Debt refinancing and redemption costs			(31.6)						(5.2)						(34.0)						(6.7)
Impairment charges			—						—						—						(510.0)
Non-recurring items:
Malvern Fire charges, net of recoveries			5.7						(8.6)						11.1						(8.6)
Income (loss) before income taxes			$	(16.0)					$	94.7					$	49.8					$	(660.3)

X

- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

+ Details

Name:	us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration