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Segment Reporting (Tables)

9 Months Ended

Sep. 30, 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 and nine months ended September 30, 2022 and 2021 (in millions):

						Three Months Ended September 30, 2022
						Driveline						Metal Forming																		Total
Sales						$	1,061.1					$	591.2																	$	1,652.3
Less: Intersegment sales						1.3						115.8																		117.1
Net external sales						$	1,059.8					$	475.4																	$	1,535.2
Segment Adjusted EBITDA						$	146.4					$	52.0																	$	198.4
						Three Months Ended September 30, 2021
						Driveline						Metal Forming																		Total
Sales						$	870.4					$	422.7																	$	1,293.1
Less: Intersegment sales						0.8						79.2																		80.0
Net external sales						$	869.6					$	343.5																	$	1,213.1
Segment Adjusted EBITDA						$	128.4					$	54.8																	$	183.2

						Nine Months Ended September 30, 2022
						Driveline						Metal Forming						Total
Sales						$	3,163.6					$	1,585.9					$	4,749.5
Less: intersegment sales						3.6						336.2						339.8
Net external sales						$	3,160.0					$	1,249.7					$	4,409.7
Segment Adjusted EBITDA						$	420.3					$	169.3					$	589.6
						Nine Months Ended September 30, 2021
						Driveline						Metal Forming						Total
Sales						$	2,831.9					$	1,352.1					$	4,184.0
Less: intersegment sales						2.4						260.1						262.5
Net external sales						$	2,829.5					$	1,092.0					$	3,921.5
Segment Adjusted EBITDA						$	450.2					$	218.5					$	668.7

Reconciliation of Assets from Segment to Consolidated [Table Text Block]

Total assets by reportable segment as of September 30, 2022 and December 31, 2021 were as follows (in millions):

			September 30, 2022
			Driveline						Metal Forming						Other						Total
Total Assets			$	2,898.8					$	1,748.9					$	1,031.9					$	5,679.6
			December 31, 2021
			Driveline						Metal Forming						Other						Total
Total Assets			$	2,925.6					$	1,576.9					$	1,133.2					$	5,635.7

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 (loss) before income taxes for the three and nine months ended September 30, 2022 and 2021:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2022						2021						2022						2021
			(in millions)
Total segment adjusted EBITDA			$	198.4					$	183.2					$	589.6					$	668.7
Interest expense			(44.8)						(49.7)						(132.2)						(150.7)
Depreciation and amortization			(124.8)						(135.6)						(367.1)						(421.2)
Restructuring and acquisition-related costs			(7.9)						(7.4)						(26.4)						(40.8)
Loss on sale of business			—						—						—						(2.7)
Unrealized gain (loss) on equity securities			(2.3)						19.4						(24.0)						19.4
Debt refinancing and redemption costs			(0.2)						(31.6)						(6.0)						(34.0)
Non-recurring items:
Malvern Fire charges, net of recoveries			1.0						5.7						6.4						11.1
Acquisition-related fair value inventory adjustment			—						—						(5.0)						—
Gain on bargain purchase of business			1.4						—						13.0						—
Income (loss) before income taxes			$	20.8					$	(16.0)					$	48.3					$	49.8

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

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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

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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.

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