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Restructuring and Acquisition-Related Costs (Notes) | 3 Months Ended
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Mar. 31, 2022
Restructuring and Related Activities [Abstract] |
Business Acquisition, Integration, Restructuring and Other Related Costs [Text Block] | 2. RESTRUCTURING AND ACQUISITION-RELATED COSTS In the first quarter of 2020, we initiated a new global restructuring program (the 2020 Program). The primary objectives of the 2020 Program are to achieve efficiencies within our corporate and business unit support teams to reduce cost in our business, and to structurally adjust our operations to a new level of market demand based on the impact of COVID-19. We expect to incur costs under the 2020 Program into 2023. In the second quarter of 2021, we completed the acquisition of a manufacturing facility in Emporium, Pennsylvania (Emporium), and subsequently determined that we will cease production at the facility in 2022 and relocate the production capacity to other AAM manufacturing facilities. As a result, during the three months ended March 31, 2022, we incurred restructuring charges related to the anticipated closure of the facility and expect to incur costs associated with the closure of the facility through 2022. A summary of our restructuring activity for the first three months of 2022 and 2021 is shown below:
| Severance Charges |  | Implementation Costs |  |  |  | Total
| (in millions)
Accrual at December 31, 2020 | $ | 1.7 |  |  | $ | 9.8 |  |  |  |  | $ | 11.5 |
Charges | 0.5 |  |  | 16.0 |  |  |  |  | 16.5 |
Cash utilization | (2.2) |  |  | (19.4) |  |  |  |  | (21.6) |
Accrual at March 31, 2021 | $ | — |  |  | $ | 6.4 |  |  |  |  | $ | 6.4 |
Accrual at December 31, 2021 | $ | 0.7 |  |  | $ | 2.7 |  |  |  |  | $ | 3.4 |
Charges | 1.3 |  |  | 5.9 |  |  |  |  | 7.2 |
Cash utilization | (0.8) |  |  | (6.6) |  |  |  |  | (7.4) |
Accrual at March 31, 2022 | $ | 1.2 |  |  | $ | 2.0 |  |  |  |  | $ | 3.2 |
As part of our restructuring actions, we incurred total severance charges of approximately $1.3 million and $0.5 million during the three months ended March 31, 2022 and 2021, respectively. We also incurred total implementation costs of approximately $5.9 million and $16.0 million during the three months ended March 31, 2022 and 2021, respectively. Implementation costs consist primarily of professional fees and plant exit costs. We incurred $5.4 million of restructuring costs under the 2020 Program and incurred $1.8 million of costs associated with the anticipated closure of Emporium in the three months ended March 31, 2022. We have incurred $92.7 million of total restructuring costs under the 2020 Program since inception and have incurred $5.5 million of total costs related to the anticipated closure of Emporium. Approximately $0.7 million and $3.4 million of our total restructuring costs for the three months ended March 31, 2022 related to our Driveline and Metal Forming segments, respectively, while the remainder were corporate costs. Approximately $1.2 million and $0.5 million of our total restructuring costs for the three months ended March 31, 2021 related to our Driveline and Metal Forming segments, respectively, while the remainder were corporate costs. We expect to incur approximately $20 million to $30 million of total restructuring charges in 2022 under the 2020 Program and associated with our closure of Emporium. In April 2022, we announced our acquisition of Tekfor Group and we also continue to incur integration costs related to acquisitions completed in prior years. The following table represents a summary of charges incurred in the three months ended March 31, 2022 and 2021 associated with acquisition and integration costs:
| Acquisition-Related Costs |  |  |  | Integration Expenses |  | Total
| (in millions)
Charges for the three months ended March 31, 2022 | $ | 1.1 |  |  |  |  | $ | 0.6 |  |  | $ | 1.7 |
Charges for the three months ended March 31, 2021 | — |  |  |  |  | 1.0 |  |  | 1.0 |
Acquisition-related costs primarily consist of advisory, legal, accounting, and certain other professional or consulting fees incurred. Integration expenses primarily reflect costs incurred for information technology infrastructure and enterprise resource planning systems, and consulting fees incurred in conjunction with integration activities. Total restructuring charges and acquisition-related charges are presented on a separate line item titled Restructuring and acquisition-related costs in our Condensed Consolidated Statements of Income and totaled $8.9 million and $17.5 million for the three months ended March 31, 2022 and 2021 respectively.

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- Definition The entire description for costs incurred to effect a business combination that have been expensed during the period. Such costs could include business integration costs, systems integration and conversion costs, and severance and other employee-related costs. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI https://asc.fasb.org/topic&trid=2303972 + Details
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