XML 74 R64.htm IDEA: XBRL DOCUMENT v3.23.1
Acquisitions - Tekfor (Details) - Tekfor Group - USD ($)
$ in Millions
3 Months Ended 7 Months Ended
Jun. 01, 2022
Mar. 31, 2023
Dec. 31, 2022
Business Acquisition [Line Items]      
Business Acquisition, Name of Acquired Entity Tekfor Group    
Business Combination, Consideration Transferred $ 94.4    
Business Acquisition, Description of Acquired Entity Tekfor Group manufactures high-performance components, modules and fasteners, including traditional powertrain and driveline components (for both internal combustion and hybrid applications), and e-mobility components. Our acquisition of Tekfor contributes to diversifying our geographic and customer sales mix, while also increasing our electrification product portfolio.    
Cash and cash equivalents $ 14.3    
Accounts receivable 33.7    
Inventories 46.3    
Prepaid expenses and other long-term assets 30.1    
Deferred income tax assets 5.0    
Property, plant and equipment 105.5    
Total assets acquired 234.9    
Accounts payable 33.5    
Accrued expenses and other 28.1    
Debt 23.4    
Postretirement benefits and other long-term liabilities 41.9    
Net assets acquired $ 108.0    
Gain on bargain purchase of business     $ 13.6
Business Combination, Bargain Purchase, Gain Recognized, Description The gain on bargain purchase of business was primarily the result of macroeconomic factors such as the supply chain disruptions impacting the automotive industry, including the conflict between Russia and Ukraine, the semiconductor supply shortage, and increasing input costs, including materials, freight and utilities.    
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual   $ 101.0  
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual   $ (4.0)