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Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Net sales $ 5,802.4 $ 5,156.6 $ 4,710.8
Cost of goods sold 5,097.5 4,433.9 4,128.1
Gross profit 704.9 722.7 582.7
Selling, general and administrative expenses 345.1 344.2 313.9
Amortization of intangible assets 85.7 85.8 86.6
Impairment charges 0.0 0.0 510.0
Restructuring and acquisition-related costs 30.2 49.4 67.2
Loss on sale of business 0.0 2.7 1.0
Operating income (loss) 243.9 240.6 (396.0)
Interest expense (174.5) (195.2) (212.3)
Interest income 17.0 10.9 11.6
Other income (expense)      
Debt refinancing and redemption costs (6.4) (34.0) (7.9)
Gain on bargain purchase of business 13.6 0.0 0.0
Pension settlement charges 0.0 (42.3) (0.5)
Unrealized gain (loss) on equity securities (25.5) 24.4 0.0
Other expense, net (1.8) (3.2) (5.2)
Income (loss) before income taxes 66.3 1.2 (610.3)
Income tax expense (benefit) 2.0 (4.7) (49.2)
Net income (loss) 64.3 5.9 (561.1)
Net income attributable to noncontrolling interests 0.0 0.0 (0.2)
Net income (loss) attributable to AAM $ 64.3 $ 5.9 $ (561.3)
Basic earnings (loss) per share $ 0.54 $ 0.05 $ (4.96)
Diluted earnings (loss) per share $ 0.53 $ 0.05 $ (4.96)