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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 476.4 $ 376.8
Accounts receivable, net 966.5 1,035.9
Inventories, net 459.7 392.0
Prepaid expenses and other 127.2 140.3
Total current assets 2,029.8 1,945.0
Property, plant and equipment, net 2,514.4 2,402.9
Deferred income taxes 45.5 37.1
Goodwill 1,141.8 1,654.3
Other intangible assets, net 1,111.1 1,212.5
GM postretirement cost sharing asset 219.4 252.2
Other assets and deferred charges 448.7 378.8
Total assets 7,510.7 7,882.8
Current liabilities    
Current portion of long-term debt 121.6 5.9
Accounts payable 840.2 799.0
Accrued compensation and benefits 179.0 200.0
Deferred revenue 44.3 34.1
Accrued expenses and other 171.7 177.4
Total current liabilities 1,356.8 1,216.4
Long-term debt, net 3,686.8 3,969.3
Deferred revenue 77.6 78.8
Deferred income taxes 92.6 101.7
Postretirement benefits and other long-term liabilities 810.6 976.6
Total liabilities 6,024.4 6,342.8
Stockholders' equity    
Series A junior participating preferred stock, par value $0.01 per share; 0.1 million shares authorized; no shares outstanding in 2018 or 2017 0.0 0.0
Preferred stock, par value $0.01 per share; 10.0 million shares authorized; no shares outstanding in 2018 or 2017 0.0 0.0
Series common stock, par value $0.01 per share; 40.0 million shares authorized; no shares outstanding in 2018 or 2017 0.0 0.0
Common stock, par value $0.01 per share; 150.0 million shares authorized; 118.9 million and 118.2 million shares issued as of December 31, 2018 and 2017, respectively 1.2 1.2
Paid-in capital 1,292.6 1,264.6
Retained earnings 703.5 761.0
Treasury stock at cost, 7.2 million shares in 2018 and 6.9 million shares in 2017 (201.8) (198.1)
Accumulated other comprehensive loss    
Defined benefit plans, net of tax (213.9) (252.0)
Foreign currency translation adjustments (96.6) (34.1)
Unrecognized loss on cash flow hedges, net of tax (1.1) (6.6)
Total AAM stockholders' equity 1,483.9 1,536.0
Noncontrolling interests in subsidiaries 2.4 4.0
Total stockholders' equity 1,486.3 1,540.0
Total liabilities and stockholders' equity $ 7,510.7 $ 7,882.8