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Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2022

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 March 31, 2022 and 2021 (in millions):

						Three Months Ended March 31, 2022
						Driveline						Metal Forming																		Total
Sales						$	1,061.8					$	481.8																	$	1,543.6
Less: Intersegment sales						1.1						106.3																		107.4
Net external sales						$	1,060.7					$	375.5																	$	1,436.2
Segment Adjusted EBITDA						$	132.5					$	63.6																	$	196.1
						Three Months Ended March 31, 2021
						Driveline						Metal Forming																		Total
Sales						$	1,026.1					$	489.3																	$	1,515.4
Less: Intersegment sales						1.1						89.2																		90.3
Net external sales						$	1,025.0					$	400.1																	$	1,425.1
Segment Adjusted EBITDA						$	170.5					$	92.4																	$	262.9

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 before income taxes for the three months ended March 31, 2022 and 2021:

			Three Months Ended March 31,
			2022						2021
			(in millions)
Total segment adjusted EBITDA			$	196.1					$	262.9
Interest expense			(44.7)						(51.1)
Depreciation and amortization			(120.4)						(142.0)
Restructuring and acquisition-related costs			(8.9)						(17.5)
Loss on sale of business			—						(2.6)
Unrealized loss on equity securities			(18.0)						—
Debt refinancing and redemption costs			(5.6)						(1.1)
Non-recurring items:
Malvern Fire charges, net of recoveries			5.5						(1.2)
Income before income taxes			$	4.0					$	47.4

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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

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- 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
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