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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 530.2 $ 557.0
Accounts receivable, net 762.8 793.2
Inventories, net 410.4 323.2
Prepaid expenses and other 152.6 203.6
Total current assets 1,856.0 1,877.0
Property, plant and equipment, net 1,996.1 2,163.8
Deferred income taxes 121.1 107.8
Goodwill 183.8 185.7
Other intangible assets, net 697.2 780.7
GM postretirement cost sharing asset 201.1 237.0
Operating lease right-of-use assets 123.7 116.6
Other assets and deferred charges 456.7 447.7
Total assets 5,635.7 5,916.3
Current liabilities    
Current portion of long-term debt 18.8 13.7
Accounts payable 612.8 578.9
Accrued compensation and benefits 195.2 170.9
Deferred revenue 28.1 23.4
Current portion of operating lease liabilities 24.6 22.6
Accrued expenses and other 160.4 169.8
Total current liabilities 1,039.9 979.3
Long-term debt, net 3,085.7 3,441.3
Deferred revenue 94.8 91.0
Deferred income taxes 13.5 13.2
Long-term portion of operating lease liabilities 99.9 94.4
Postretirement benefits and other long-term liabilities 844.1 923.9
Total liabilities 5,177.9 5,543.1
Stockholders' equity    
Preferred stock, par value $0.01 per share; 10.0 million shares authorized; no shares outstanding in 2021 or 2020 0.0 0.0
Series common stock, par value $0.01 per share; 40.0 million shares authorized; no shares outstanding in 2021 or 2020 0.0 0.0
Common stock, par value $0.01 per share; 150.0 million shares authorized; 122.5 million and 121.3 million shares issued as of December 31, 2021 and December 31, 2020, respectively 1.3 1.2
Paid-in capital 1,351.5 1,333.3
Accumulated deficit (313.9) (319.8)
Treasury stock at cost, 8.5 million shares in 2021 and 8.0 million shares in 2020 (216.3) (212.0)
Accumulated other comprehensive loss    
Defined benefit plans, net of tax (241.9) (311.0)
Foreign currency translation adjustments (111.3) (101.1)
Unrecognized loss on cash flow hedges, net of tax (11.6) (20.1)
Total AAM stockholders' equity 457.8 370.5
Noncontrolling interests in subsidiaries 0.0 2.7
Total stockholders' equity 457.8 373.2
Total liabilities and stockholders' equity $ 5,635.7 $ 5,916.3