Schedule I-Parent Company Only Financial Statements

12 Months Ended

Dec. 31, 2021

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Schedule I-Parent Company Only Financial Statements

Allison Transmission Holdings, Inc.

Schedule I—Parent Company only Balance Sheets

(dollars in millions)

	December 31, 2021			December 31, 2020
ASSETS
Current Assets:
Cash	$	—		$	—
Total Current Assets		—			—
Investments in and advances to subsidiaries		634			756
TOTAL ASSETS	$	634		$	756
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable	$	—		$	—
Total Current Liabilities		—			—
Capital stock		1			1
Paid in capital		1,832			1,818
Treasury stock		—			—
Accumulated deficit		(1,126	)		(974	)
Accumulated other comprehensive loss, net of tax		(73	)		(89	)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	634		$	756

The accompanying note is an integral part of the Parent Company only financial statements.

Allison Transmission Holdings, Inc.

Schedule I—Parent Company only Statements of Comprehensive Income

(dollars in millions)

	Years ended December 31,
	2021		2020		2019
Net sales	$	—	$	—	$	—
General and administrative fees		—		—		—
Total operating income		—		—		—
Other income:
Equity earnings of consolidated subsidiary		442		299		604
Income before income taxes		442		299		604
Income tax expense		—		—		—
Net income	$	442	$	299	$	604
Comprehensive income	$	458	$	262	$	582

The accompanying note is an integral part of the Parent Company only financial statements.

Allison Transmission Holdings, Inc.

Schedule I—Parent Company only Statements of Cash Flows

(dollars in millions)

	Years ended December 31,
	2021			2020			2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	442		$	299		$	604
Deduct items included in net income not providing cash:
Equity in earnings in consolidated subsidiary		(442	)		(299	)		(604	)
Net cash provided by operating activities		—			—			—
CASH FLOWS FROM INVESTING ACTIVITIES:
Investments in subsidiaries		(3	)		(2	)		(5	)
Dividends		81			78			73
Net cash provided by investing activities		78			76			68
CASH FLOWS FROM FINANCING ACTIVITIES:
Capital contributions		3			2			5
Dividends		(81	)		(78	)		(73	)
Net cash used in financing activities		(78	)		(76	)		(68	)
Net increase (decrease) during period		—			—			—
Cash and cash equivalents at beginning of period		—			—			—
Cash and cash equivalents at end of period	$	—		$	—		$	—

The accompanying note is an integral part of the Parent Company only financial statements.