Schedule I-Parent Company Only Financial Statements

12 Months Ended

Dec. 31, 2023

Condensed Financial Information 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, 2023			December 31, 2022
ASSETS
Current Assets:
Cash	$	—		$	—
Total Current Assets		—			—
Investments in and advances to subsidiaries		1,233			874
TOTAL ASSETS	$	1,233		$	874
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable	$	—		$	—
Total Current Liabilities		—			—
Capital stock		1			1
Paid in capital		1,891			1,848
Accumulated deficit		(628	)		(953	)
Accumulated other comprehensive loss, net of tax		(31	)		(22	)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	1,233		$	874

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,
	2023		2022		2021
Net sales	$	—	$	—	$	—
General and administrative fees		—		—		—
Total operating income		—		—		—
Other income:
Equity earnings of consolidated subsidiary		673		531		442
Income before income taxes		673		531		442
Income tax expense		—		—		—
Net income	$	673	$	531	$	442
Comprehensive income	$	664	$	582	$	458

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,
	2023			2022			2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	673		$	531		$	442
Deduct items included in net income not providing cash:
Equity in earnings in consolidated subsidiary		(673	)		(531	)		(442	)
Net cash provided by operating activities		—			—			—
CASH FLOWS FROM INVESTING ACTIVITIES:
Investments in subsidiaries		(28	)		(2	)		(3	)
Dividends		83			80			81
Net cash provided by investing activities		55			78			78
CASH FLOWS FROM FINANCING ACTIVITIES:
Capital contributions		28			2			3
Dividends		(83	)		(80	)		(81	)
Net cash used in financing activities		(55	)		(78	)		(78	)
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.