XML 59 R44.htm IDEA: XBRL DOCUMENT v3.24.0.1
Segment and Geographic Information (Tables)
12 Months Ended
Dec. 31, 2023
Segments, Geographical Areas [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
Year Ended December 31, 2023
DrivelineMetal FormingCorporate and EliminationsTotal
(in millions)
Sales$4,176.7 $2,454.3 $ $6,631.0 
Less: Intersegment sales0.2 551.3  551.5 
Net external sales$4,176.5 $1,903.0 $ $6,079.5 
Segment adjusted EBITDA$543.6 $149.7 $ $693.3 
Depreciation and amortization$260.3 $226.9 $ $487.2 
Capital expenditures$105.9 $80.1 $8.6 $194.6 
Total assets$2,554.3 $1,788.7 $1,013.3 $5,356.3 
Year Ended December 31, 2022
DrivelineMetal FormingCorporate and EliminationsTotal
Sales$4,063.5 $2,280.7 $— $6,344.2 
Less: Intersegment sales— 541.8 — 541.8 
Net external sales$4,063.5 $1,738.9 $— $5,802.4 
Segment adjusted EBITDA$510.9 $236.4 $— $747.3 
Depreciation and amortization$272.7 $219.4 $— $492.1 
Capital expenditures$103.3 $62.9 $5.2 $171.4 
Total assets$2,542.0 $1,900.3 $1,027.1 $5,469.4 
Year Ended December 31, 2021
DrivelineMetal FormingCorporate and EliminationsTotal
Sales$3,695.3 $1,912.8 $— $5,608.1 
Less: Intersegment sales0.2 451.3 — 451.5 
Net external sales$3,695.1 $1,461.5 $— $5,156.6 
Segment adjusted EBITDA$541.8 $291.5 $— $833.3 
Depreciation and amortization$293.8 $250.5 $— $544.3 
Capital expenditures$123.4 $53.9 $3.9 $181.2 
Total assets$2,852.0 $1,650.5 $1,133.2 $5,635.7 
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, 2023, 2022 and 2021:
Year Ended December 31,
202320222021
(in millions)
Segment adjusted EBITDA$693.3 $747.3 $833.3 
Interest expense(201.7)(174.5)(195.2)
Depreciation and amortization(487.2)(492.1)(544.3)
Restructuring and acquisition-related costs(25.2)(30.2)(49.4)
Pension curtailment and settlement charges(1.3)— (42.3)
Loss on sale of business — (2.7)
Unrealized gain (loss) on equity securities(1.1)(25.5)24.4 
Debt refinancing and redemption costs(1.3)(6.4)(34.0)
Malvern Fire insurance recoveries, net of charges 39.1 11.4 
Acquisition-related fair value inventory adjustment (5.0)— 
Gain on bargain purchase of business  13.6 — 
Income (loss) before income taxes $(24.5)$66.3 $1.2 
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,
202320222021
(in millions)
Net sales
United States$2,163.5 $2,148.0 $1,923.5 
Mexico2,273.5 2,293.2 2,058.9 
South America184.4 137.4 94.3 
China271.6 280.0 299.6 
All other Asia273.1 213.3 189.4 
Europe913.4 730.5 590.9 
Total net sales$6,079.5 $5,802.4 $5,156.6 
Long-lived assets
United States$1,694.3 $1,778.9 $1,976.5 
Mexico778.4 821.3 888.1 
South America75.8 71.2 40.9 
China110.9 130.1 164.8 
All other Asia79.2 80.5 87.1 
Europe441.7 475.0 501.2 
Total long-lived assets$3,180.3 $3,357.0 $3,658.6