XML 59 R44.htm IDEA: XBRL DOCUMENT v3.22.4

Segment and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2022

Segments, Geographical Areas [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

						Year Ended December 31, 2022
						Driveline						Metal Forming																		Corporate and Eliminations						Total
						(in millions)
Sales						$	4,130.8					$	2,113.0																	$	—					$	6,243.8
Less: Intersegment sales						4.7						436.7																		—						441.4
Net external sales						$	4,126.1					$	1,676.3																	$	—					$	5,802.4
Segment adjusted EBITDA						$	547.0					$	200.3																	$	—					$	747.3
Depreciation and amortization						$	281.2					$	210.9																	$	—					$	492.1
Capital expenditures						$	107.8					$	58.4																	$	5.2					$	171.4
Total assets						$	2,620.4					$	1,821.9																	$	1,027.1					$	5,469.4

						Year Ended December 31, 2021
						Driveline						Metal Forming																		Corporate and Eliminations						Total
Sales						$	3,744.9					$	1,762.2																	$	—					$	5,507.1
Less: Intersegment sales						3.4						347.1																		—						350.5
Net external sales						$	3,741.5					$	1,415.1																	$	—					$	5,156.6
Segment adjusted EBITDA						$	577.7					$	255.6																	$	—					$	833.3
Depreciation and amortization						$	301.9					$	242.4																	$	—					$	544.3
Capital expenditures						$	126.8					$	50.5																	$	3.9					$	181.2
Total assets						$	2,925.6					$	1,576.9																	$	1,133.2					$	5,635.7

						Year Ended December 31, 2020
						Driveline						Metal Forming																		Corporate and Eliminations						Total
Sales						$	3,375.5					$	1,652.0																	$	—					$	5,027.5
Less: Intersegment sales						2.9						313.8																		—						316.7
Net external sales						$	3,372.6					$	1,338.2																	$	—					$	4,710.8
Segment adjusted EBITDA						$	474.8					$	245.0																	$	—					$	719.8
Depreciation and amortization						$	306.1					$	215.8																	$	—					$	521.9
Capital expenditures						$	125.3					$	81.9																	$	8.4					$	215.6
Total assets						$	3,035.7					$	1,680.3																	$	1,200.3					$	5,916.3

Assets included in the Corporate and Eliminations column of the tables above represent AAM corporate assets, as well as eliminations of intercompany assets.

Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]

The following table represents a reconciliation of Segment Adjusted EBITDA to consolidated income (loss) before income taxes for the years ended December 31, 2022, 2021 and 2020:

						Year Ended December 31,
						2022						2021						2020
						(in millions)
Segment adjusted EBITDA						$	747.3					$	833.3					$	719.8
Interest expense						(174.5)						(195.2)						(212.3)
Depreciation and amortization						(492.1)						(544.3)						(521.9)
Impairment charges						—						—						(510.0)
Restructuring and acquisition-related costs						(30.2)						(49.4)						(67.2)
Pension settlements						—						(42.3)						(0.5)
Loss on sale of business						—						(2.7)						(1.0)
Unrealized gain (loss) on equity securities						(25.5)						24.4						—
Debt refinancing and redemption costs						(6.4)						(34.0)						(7.9)
Malvern Fire insurance recoveries (charges), net						39.1						11.4						(9.3)
Acquisition-related fair value inventory adjustment						(5.0)						—						—
Gain on bargain purchase of business						13.6						—						—
Income (loss) before income taxes						$	66.3					$	1.2					$	(610.3)

Schedule of Disclosure on Geographic Areas, Revenue and Long-Lived Assets by Country [Table Text Block]

Financial information relating to our operations by geographic area is presented in the following table. Net sales are attributed to countries based upon location of production. Long-lived assets exclude deferred income taxes.

			December 31,
			2022						2021						2020
			(in millions)
Net sales
United States			$	2,148.0					$	1,923.5					$	1,816.7
Mexico			2,293.2						2,058.9						1,808.5
South America			137.4						94.3						57.6
China			280.0						299.6						317.1
All other Asia			213.3						189.4						160.4
Europe			730.5						590.9						550.5
Total net sales			$	5,802.4					$	5,156.6					$	4,710.8
Long-lived assets
United States			$	1,778.9					$	1,976.5					$	2,099.4
Mexico			821.3						888.1						1,021.6
South America			71.2						40.9						49.7
China			130.1						164.8						185.1
All other Asia			80.5						87.1						84.2
Europe			475.0						501.2						491.5
Total long-lived assets			$	3,357.0					$	3,658.6					$	3,931.5

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

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

+ Details

Name:	us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.1)
-URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227

+ Details

Name:	us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentsGeographicalAreasAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration