XML 134 R118.htm IDEA: XBRL DOCUMENT v3.25.0.1
Segment and Geographic Information - Schedule of Segment Reporting Information by Segment (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Segment Reporting Information [Line Items]      
Segment Reporting, CODM, Individual Title and Position or Group Name [Extensible Enumeration] Chief Executive Officer [Member]    
Segment Reporting, CODM, Profit (Loss) Measure, How Used, Description We use Segment Adjusted EBITDA as the measure of earnings to assess the performance of each segment and determine the resources to be allocated to the segments.    
Sales $ 6,667.6 $ 6,631.0 $ 6,344.2
Less: Intersegment sales 542.7 551.5 541.8
Net external sales 6,124.9 6,079.5 5,802.4
Segment Reporting, Cost of Goods Sold, Amount 5,016.6 [1] 5,073.0 [2] 4,709.4 [3]
Segment Reporting, Selling, General and Administrative Expenses, Amount 367.2 [4] 347.3 [5] 326.6 [6]
Segment Reporting, Other Segment Item, Amount (8.1) [7] (34.1) [8] 19.1 [9]
Segment adjusted EBITDA 749.2 693.3 747.3
Depreciation and amortization 469.7 487.2 492.1
Capital expenditures 248.0 194.6 171.4
Total Assets 5,059.9 5,356.3 5,469.4
Depreciation and tooling amortization $ 328.5 $ 346.0 $ 350.4
Segment Reporting, Other Segment Item, Composition, Description (c) Other segment expense (income), net primarily consists of the net impact of interest income and foreign exchange gains and losses. (c) Other segment expense (income), net primarily consists of the net impact of interest income and foreign exchange gains and losses. (c) Other segment expense (income), net primarily consists of the net impact of interest income and foreign exchange gains and losses, as well as amounts related to the Malvern Fire and Tekfor acquisition.
Driveline [Member]      
Segment Reporting Information [Line Items]      
Sales $ 4,253.3 $ 4,176.7 $ 4,063.5
Less: Intersegment sales 1.4 0.2 0.0
Net external sales 4,251.9 4,176.5 4,063.5
Segment Reporting, Cost of Goods Sold, Amount 3,392.8 [1] 3,396.1 [2] 3,305.0 [3]
Segment Reporting, Selling, General and Administrative Expenses, Amount 287.9 [4] 263.2 [5] 256.4 [6]
Segment Reporting, Other Segment Item, Amount (7.0) [7] (26.4) [8] (8.8) [9]
Segment adjusted EBITDA 578.2 543.6 510.9
Depreciation and amortization 246.5 260.3 272.7
Capital expenditures 140.3 105.9 103.3
Total Assets 2,420.6 2,554.3 2,542.0
Driveline [Member] | Cost of Sales [Member]      
Segment Reporting Information [Line Items]      
Depreciation and tooling amortization 210.2 222.7 232.0
Driveline [Member] | Selling, General and Administrative Expenses [Member]      
Segment Reporting Information [Line Items]      
Depreciation and tooling amortization 16.4 16.0 14.8
Metal Forming [Member]      
Segment Reporting Information [Line Items]      
Sales 2,414.3 2,454.3 2,280.7
Less: Intersegment sales 541.3 551.3 541.8
Net external sales 1,873.0 1,903.0 1,738.9
Segment Reporting, Cost of Goods Sold, Amount 1,623.8 [1] 1,676.9 [2] 1,404.4 [3]
Segment Reporting, Selling, General and Administrative Expenses, Amount 79.3 [4] 84.1 [5] 70.2 [6]
Segment Reporting, Other Segment Item, Amount (1.1) [7] (7.7) [8] 27.9 [9]
Segment adjusted EBITDA 171.0 149.7 236.4
Depreciation and amortization 223.2 226.9 219.4
Capital expenditures 103.5 80.1 62.9
Total Assets 1,636.8 1,788.7 1,900.3
Metal Forming [Member] | Cost of Sales [Member]      
Segment Reporting Information [Line Items]      
Depreciation and tooling amortization 156.7 159.5 156.1
Metal Forming [Member] | Selling, General and Administrative Expenses [Member]      
Segment Reporting Information [Line Items]      
Depreciation and tooling amortization 3.5 3.6 3.7
Corporate and Eliminations [Member]      
Segment Reporting Information [Line Items]      
Sales 0.0 0.0 0.0
Less: Intersegment sales 0.0 0.0 0.0
Net external sales 0.0 0.0 0.0
Segment Reporting, Cost of Goods Sold, Amount 0.0 [1] 0.0 [2] 0.0 [3]
Segment Reporting, Selling, General and Administrative Expenses, Amount 0.0 [4] 0.0 [5] 0.0 [6]
Segment Reporting, Other Segment Item, Amount 0.0 [7] 0.0 [8] 0.0 [9]
Segment adjusted EBITDA 0.0 0.0 0.0
Depreciation and amortization 0.0 0.0 0.0
Capital expenditures 4.2 8.6 5.2
Total Assets $ 1,002.5 $ 1,013.3 $ 1,027.1
[1]
(a) Cost of goods sold excludes depreciation and amortization, which was $210.2 million for Driveline and $156.7 million for Metal Forming for the year ended December 31, 2024.
[2]
(a) Cost of goods sold excludes depreciation and amortization, which was $222.7 million for Driveline and $159.5 million for Metal Forming for the year ended December 31, 2023.
[3]
(a) Cost of goods sold excludes depreciation and amortization, which was $232.0 million for Driveline and $156.1 million for Metal Forming for the year ended December 31, 2022.
[4]
(b) Selling, general and administrative expenses excludes depreciation, which was $16.4 million for Driveline and $3.5 million for Metal Forming for the year ended December 31, 2024.
[5]
(b) Selling, general and administrative expenses excludes depreciation, which was $16.0 million for Driveline and $3.6 million for Metal Forming for the year ended December 31, 2023.
[6]
(b) Selling, general and administrative expenses excludes depreciation, which was $14.8 million for Driveline and $3.7 million for Metal Forming for the year ended December 31, 2022.
[7] (c) Other segment expense (income), net primarily consists of the net impact of interest income and foreign exchange gains and losses.
[8] (c) Other segment expense (income), net primarily consists of the net impact of interest income and foreign exchange gains and losses.
[9] (c) Other segment expense (income), net primarily consists of the net impact of interest income and foreign exchange gains and losses, as well as amounts related to the Malvern Fire and Tekfor acquisition.