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Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Net sales $ 5,156.6 $ 4,710.8 $ 6,530.9
Cost of goods sold 4,433.9 4,128.1 5,628.3
Gross profit 722.7 582.7 902.6
Selling, general and administrative expenses 344.2 313.9 364.7
Amortization of intangible assets 85.8 86.6 95.4
Impairment charges 0.0 510.0 665.0
Restructuring and acquisition-related costs 49.4 67.2 57.8
Loss on sale of business 2.7 1.0 21.3
Operating income (loss) 240.6 (396.0) (301.6)
Interest expense (195.2) (212.3) (217.3)
Interest income 10.9 11.6 5.8
Other income (expense)      
Debt refinancing and redemption costs (34.0) (7.9) (8.4)
Gain on bargain purchase of business 0.0 0.0 10.8
Pension settlement charges (42.3) (0.5) (9.8)
Unrealized gain on equity securities 24.4 0.0 0.0
Other expense, net (3.2) (5.2) (12.5)
Income (loss) before income taxes 1.2 (610.3) (533.0)
Income tax benefit (4.7) (49.2) (48.9)
Net income (loss) 5.9 (561.1) (484.1)
Net income attributable to noncontrolling interests 0.0 (0.2) (0.4)
Net income (loss) attributable to AAM $ 5.9 $ (561.3) $ (484.5)
Basic earnings (loss) per share $ 0.05 $ (4.96) $ (4.31)
Diluted earnings (loss) per share $ 0.05 $ (4.96) $ (4.31)