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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 500.7 $ 557.0
Accounts receivable, net 739.6 793.2
Inventories, net 417.9 323.2
Prepaid expenses and other 163.8 203.6
Total current assets 1,822.0 1,877.0
Property, plant and equipment, net 1,992.3 2,163.8
Deferred income taxes 126.5 107.8
Goodwill 184.1 185.7
Other intangible assets, net 717.7 780.7
GM postretirement cost sharing asset 233.9 237.0
Operating lease right-of-use assets 121.2 116.6
Other assets and deferred charges 444.8 447.7
Total assets 5,642.5 5,916.3
Current liabilities    
Current portion of long-term debt 14.6 13.7
Accounts payable 605.0 578.9
Accrued compensation and benefits 197.4 170.9
Deferred revenue 25.7 23.4
Current portion of operating lease liabilities 24.4 22.6
Accrued expenses and other 136.1 169.8
Total current liabilities 1,003.2 979.3
Long-term debt, net 3,104.1 3,441.3
Deferred revenue 88.2 91.0
Deferred income taxes 15.1 13.2
Long-term portion of operating lease liabilities 97.6 94.4
Postretirement benefits and other long-term liabilities 901.5 923.9
Total liabilities 5,209.7 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 September 30, 2021 and 121.3 million shares issued as of December 31, 2020 1.3 1.2
Paid-in capital 1,346.5 1,333.3
Accumulated deficit (267.6) (319.8)
Treasury stock at cost, 8.4 million shares as of September 30, 2021 and 8.0 million shares as of December 31, 2020 (216.3) (212.0)
Accumulated other comprehensive loss    
Defined benefit plans, net of tax (304.5) (311.0)
Foreign currency translation adjustments (109.5) (101.1)
Unrecognized loss on cash flow hedges, net of tax (17.1) (20.1)
Total AAM stockholders' equity 432.8 370.5
Noncontrolling interests in subsidiaries 0.0 2.7
Total stockholders' equity 432.8 373.2
Total liabilities and stockholders' equity $ 5,642.5 $ 5,916.3