2020 Q2 Form 10-Q Financial Statement
#000156459020036780 Filed on August 05, 2020
Income Statement
| Concept | 2020 Q2 | 2019 Q2 | 2019 Q1 |
|---|---|---|---|
| Revenue | $377.0M | $737.0M | $675.0M |
| YoY Change | -48.85% | 3.66% | 1.81% |
| Cost Of Revenue | $212.0M | $348.0M | $316.0M |
| YoY Change | -39.08% | 3.26% | -1.56% |
| Gross Profit | $165.0M | $389.0M | $359.0M |
| YoY Change | -57.58% | 4.01% | 4.97% |
| Gross Profit Margin | 43.77% | 52.78% | 53.19% |
| Selling, General & Admin | $69.00M | $93.00M | $84.00M |
| YoY Change | -25.81% | 0.0% | -8.7% |
| % of Gross Profit | 41.82% | 23.91% | 23.4% |
| Research & Development | $38.00M | $37.00M | $31.00M |
| YoY Change | 2.7% | 12.12% | 10.71% |
| % of Gross Profit | 23.03% | 9.51% | 8.64% |
| Depreciation & Amortization | $37.00M | $40.00M | $18.00M |
| YoY Change | -7.5% | -2.44% | -10.0% |
| % of Gross Profit | 22.42% | 10.28% | 5.01% |
| Operating Expenses | $107.0M | $130.0M | $115.0M |
| YoY Change | -17.69% | 3.17% | -4.17% |
| Operating Profit | $58.00M | $259.0M | $244.0M |
| YoY Change | -77.61% | 4.44% | 9.91% |
| Interest Expense | -$33.00M | -$33.00M | -$36.00M |
| YoY Change | 0.0% | 10.0% | 20.0% |
| % of Operating Profit | -56.9% | -12.74% | -14.75% |
| Other Income/Expense, Net | $5.000M | $3.000M | $3.000M |
| YoY Change | 66.67% | -25.0% | -400.0% |
| Pretax Income | $30.00M | $229.0M | $211.0M |
| YoY Change | -86.9% | 3.15% | 10.47% |
| Income Tax | $7.000M | $48.00M | $44.00M |
| % Of Pretax Income | 23.33% | 20.96% | 20.85% |
| Net Earnings | $23.00M | $181.0M | $167.0M |
| YoY Change | -87.29% | 4.02% | 10.6% |
| Net Earnings / Revenue | 6.1% | 24.56% | 24.74% |
| Basic Earnings Per Share | $0.20 | $1.47 | $1.33 |
| Diluted Earnings Per Share | $0.20 | $1.46 | $1.32 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 113.0M | 123.0M | 126.0M |
| Diluted Shares Outstanding | 114.0M | 124.0M | 127.0M |
Balance Sheet
| Concept | 2020 Q2 | 2019 Q2 | 2019 Q1 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $434.0M | $153.0M | $324.0M |
| YoY Change | 183.66% | 59.38% | 66.15% |
| Cash & Equivalents | $434.0M | $153.0M | $324.0M |
| Short-Term Investments | |||
| Other Short-Term Assets | $40.00M | $42.00M | $36.00M |
| YoY Change | -4.76% | 75.0% | 33.33% |
| Inventory | $201.0M | $188.0M | $189.0M |
| Prepaid Expenses | |||
| Receivables | $212.0M | $322.0M | $332.0M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $887.0M | $705.0M | $881.0M |
| YoY Change | 25.82% | 11.37% | 23.04% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $634.0M | $490.0M | $473.0M |
| YoY Change | 29.39% | 10.86% | 7.5% |
| Goodwill | $2.062B | $2.019B | $1.941B |
| YoY Change | 2.13% | 4.02% | 0.0% |
| Intangibles | $986.0M | $1.079B | $1.044B |
| YoY Change | -8.62% | -2.71% | -7.69% |
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $64.00M | $62.00M | $53.00M |
| YoY Change | 3.23% | 34.78% | 65.63% |
| Total Long-Term Assets | $3.746B | $3.650B | $3.511B |
| YoY Change | 2.63% | 3.17% | -0.93% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $887.0M | $705.0M | $881.0M |
| Total Long-Term Assets | $3.746B | $3.650B | $3.511B |
| Total Assets | $4.633B | $4.355B | $4.392B |
| YoY Change | 6.38% | 4.41% | 3.1% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $138.0M | $208.0M | $209.0M |
| YoY Change | -33.65% | -0.95% | 2.96% |
| Accrued Expenses | $101.0M | $140.0M | $125.0M |
| YoY Change | -27.86% | 17.65% | 12.61% |
| Deferred Revenue | $34.00M | $34.00M | $34.00M |
| YoY Change | 0.0% | -10.53% | -15.0% |
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $6.000M | $6.000M | $5.000M |
| YoY Change | 0.0% | -58.33% | |
| Total Short-Term Liabilities | $356.0M | $468.0M | $465.0M |
| YoY Change | -23.93% | 5.88% | 6.65% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $2.786B | $2.514B | $2.514B |
| YoY Change | 10.82% | -0.24% | -0.71% |
| Other Long-Term Liabilities | $375.0M | $219.0M | $194.0M |
| YoY Change | 71.23% | 20.33% | 3.74% |
| Total Long-Term Liabilities | $2.786B | $2.733B | $2.708B |
| YoY Change | 1.94% | 1.15% | -0.4% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $356.0M | $468.0M | $465.0M |
| Total Long-Term Liabilities | $2.786B | $2.733B | $2.708B |
| Total Liabilities | $3.938B | $3.687B | $3.646B |
| YoY Change | 6.81% | 3.31% | 2.59% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$1.082B | -$1.010B | |
| YoY Change | -4.75% | -3.44% | |
| Common Stock | $1.796B | $1.788B | |
| YoY Change | 1.81% | 1.48% | |
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $695.0M | $668.0M | $745.0M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $4.633B | $4.355B | $4.392B |
| YoY Change | 6.38% | 4.41% | 3.1% |
Cashflow Statement
| Concept | 2020 Q2 | 2019 Q2 | 2019 Q1 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $23.00M | $181.0M | $167.0M |
| YoY Change | -87.29% | 4.02% | 10.6% |
| Depreciation, Depletion And Amortization | $37.00M | $40.00M | $18.00M |
| YoY Change | -7.5% | -2.44% | -10.0% |
| Cash From Operating Activities | $92.00M | $239.0M | $194.0M |
| YoY Change | -61.51% | 12.21% | 26.8% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$28.00M | -$25.00M | $19.00M |
| YoY Change | 12.0% | 31.58% | 90.0% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $4.000M | -$133.0M | |
| YoY Change | -103.01% | ||
| Cash From Investing Activities | -$24.00M | -$158.0M | -$19.00M |
| YoY Change | -84.81% | 731.58% | 90.0% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | $19.00M | ||
| YoY Change | -9.52% | ||
| Common Stock Issuance & Retirement, Net | $50.00M | ||
| YoY Change | -60.0% | ||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 252.0M | -251.0M | -83.00M |
| YoY Change | -200.4% | -13.45% | -44.3% |
| NET CHANGE | |||
| Cash From Operating Activities | 92.00M | 239.0M | 194.0M |
| Cash From Investing Activities | -24.00M | -158.0M | -19.00M |
| Cash From Financing Activities | 252.0M | -251.0M | -83.00M |
| Net Change In Cash | 320.0M | -170.0M | 93.00M |
| YoY Change | -288.24% | 77.08% | -1650.0% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $92.00M | $239.0M | $194.0M |
| Capital Expenditures | -$28.00M | -$25.00M | $19.00M |
| Free Cash Flow | $120.0M | $264.0M | $175.0M |
| YoY Change | -54.55% | 13.79% | 22.38% |
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<p style="margin-top:20pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Arial;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">NOTE A. OVERVIEW</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:2.34%;font-weight:bold;font-style:italic;font-family:Arial;font-size:10pt;text-transform:none;font-variant: normal;">Overview</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.69%;font-family:Arial;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Allison Transmission Holdings, Inc. and its subsidiaries (“Allison,” or the “Company”) design and manufacture vehicle propulsion solutions, including commercial duty on-highway, off-highway and defense fully automatic transmissions and electric hybrid and fully electric systems. The business was founded in 1915 and has been headquartered in Indianapolis, Indiana since inception. Allison was an operating unit of General Motors Corporation from 1929 until 2007, when Allison once again became a stand-alone company. In March 2012, Allison began trading on the New York Stock Exchange under the symbol, “ALSN”.</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.69%;font-family:Arial;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Although approximately 77% of revenues were generated in North America in 2019, the Company has a global presence by serving customers in Europe, Asia, South America and Africa. The Company serves customers through an independent network of approximately 1,500 independent distributor and dealer locations worldwide.</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.69%;font-family:Arial;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In March 2020, the World Health Organization categorized the novel coronavirus ("COVID-19") as a pandemic, and it continues to impact the United States and other major markets in which the Company operates across the world, resulting in severe disruptions to global markets and supply chains, significant uncertainty and a weaker global outlook. The effects of the pandemic on the global economy had a material impact on demand for the Company’s products and to the Company’s results of operations during the second quarter 2020 as our suppliers and customers reduced or halted production. </p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.69%;font-family:Arial;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">To limit the spread of COVID-19, governments have taken various actions including travel bans and restrictions, quarantines, curfews, stay-at-home orders, social distancing guidelines and business shutdowns and closures. Despite these ongoing disruptions, the Company has continued its manufacturing operations throughout 2020 allowing the Company to deliver its products to customers without interruption. However, the Company’s manufacturing facilities in Hungary, India, and Tennessee suspended operations, for varying lengths of time, and the Company’s global manufacturing facilities have cut back on operating levels and shifts as a result of government orders, the Company’s inability to obtain component parts from suppliers and/or decreased customer demand. </p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.69%;font-family:Arial;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We are taking a variety of measures to promote the safety and security of our employees and to maintain operations with as minimal impact as possible to our stakeholders, including increased frequency of cleaning and disinfecting of facilities, social distancing, remote working when possible, travel restrictions and limitations on visitor access to facilities. We are also working to align operations, programs and spending across our entire business with current conditions, including reduced compensation expense through restructuring initiatives of both hourly and salary employees related to voluntary and involuntary separation programs, furloughs of a portion of our workforce, reducing overtime, and assessing the timing and cadence of various capital investments and product development initiatives.<span style="Background-color:#FFFF00;"> </span></p> | ||
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UseOfEstimates
|
<p style="margin-top:9pt;margin-bottom:0pt;text-indent:2.34%;font-weight:bold;font-style:italic;font-family:Arial;font-size:10pt;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.69%;font-family:Arial;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities and the reported amounts of revenue and expenses. Estimates include, but are not limited to, sales allowances, government price adjustments, fair market values and future cash flows associated with goodwill, indefinite life intangibles, definite life intangibles, long-lived asset impairment tests, useful lives for depreciation and amortization, warranty liabilities, environmental liabilities, determination of discount and other assumptions for pension and other post-retirement benefit expense, determination of discount rate and period for leases, income taxes and deferred tax valuation allowances, derivative valuation, assumptions for business combinations and contingencies. The Company’s accounting policies involve the application of judgments and assumptions made by management that include inherent risks and uncertainties. Due to the continued uncertainty related to the ongoing COVID-19 pandemic, actual results could differ materially from the estimates and assumptions used in preparation of the financial statements including, but not limited to, future cash flows associated with goodwill, indefinite life intangibles, definite life intangibles, long-lived impairment tests, determination of discount and other assumptions for pension and other post-retirement benefit expense and income taxes. Changes in estimates are recorded in results of operations in the period that the events or circumstances giving rise to such changes occur.</p> | ||
| CY2020Q2 | alsn |
Revenue Adjustments To Variable Consideration Constraint
RevenueAdjustmentsToVariableConsiderationConstraint
|
0 | |
| CY2019Q2 | alsn |
Revenue Adjustments To Variable Consideration Constraint
RevenueAdjustmentsToVariableConsiderationConstraint
|
0 | |
| alsn |
Revenue Adjustments To Variable Consideration Constraint
RevenueAdjustmentsToVariableConsiderationConstraint
|
0 | ||
| alsn |
Revenue Adjustments To Variable Consideration Constraint
RevenueAdjustmentsToVariableConsiderationConstraint
|
0 | ||
| alsn |
Product Sales Credit Term
ProductSalesCreditTerm
|
P30D | ||
| CY2020Q2 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
0 | |
| CY2019Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
0 | |
| CY2020Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
377000000 | |
| CY2019Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
737000000 | |
| us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1014000000 | ||
| us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1412000000 | ||
| CY2020Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
46000000 | |
| CY2020Q2 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
2811000000 | |
| CY2020Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
43000000 | |
| CY2020Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
8000000 | |
| CY2020Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
4000000 | |
| CY2020Q2 | us-gaap |
Inventory Parts And Components Net Of Reserves
InventoryPartsAndComponentsNetOfReserves
|
90000000 | |
| CY2019Q4 | us-gaap |
Inventory Parts And Components Net Of Reserves
InventoryPartsAndComponentsNetOfReserves
|
91000000 | |
| CY2020Q2 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
20000000 | |
| CY2019Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
17000000 | |
| CY2020Q2 | us-gaap |
Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
|
55000000 | |
| CY2019Q4 | us-gaap |
Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
|
60000000 | |
| CY2020Q2 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
36000000 | |
| CY2019Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
31000000 | |
| CY2020Q2 | us-gaap |
Inventory Net
InventoryNet
|
201000000 | |
| CY2019Q4 | us-gaap |
Inventory Net
InventoryNet
|
199000000 | |
| CY2020Q2 | us-gaap |
Goodwill
Goodwill
|
2062000000 | |
| CY2019Q4 | us-gaap |
Goodwill
Goodwill
|
2041000000 | |
| CY2020Q2 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
2195000000 | |
| CY2020Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
1209000000 | |
| CY2020Q2 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
986000000 | |
| CY2019Q4 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
2223000000 | |
| CY2019Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
1181000000 | |
| CY2019Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
1042000000 | |
| CY2020Q2 | us-gaap |
Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
|
3048000000 | |
| CY2019Q4 | us-gaap |
Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
|
3083000000 | |
| CY2020Q2 | us-gaap |
Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
|
19000000 | |
| CY2020Q1 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
51000000 | |
| CY2020Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
45000000 | |
| CY2019Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
52000000 | |
| CY2020Q2 | us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
9000000 | |
| CY2019Q2 | us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
6000000 | |
| us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
16000000 | ||
| CY2020Q2 | us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
3000000 | |
| CY2019Q2 | us-gaap |
Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
|
-5000000 | |
| us-gaap |
Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
|
4000000 | ||
| CY2020Q2 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
48000000 | |
| CY2019Q2 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
59000000 | |
| CY2020Q2 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
48000000 | |
| CY2020Q2 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
34000000 | |
| CY2020Q2 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
111000000 | |
| CY2019Q2 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
34000000 | |
| CY2020Q1 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
140000000 | |
| CY2019Q1 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
131000000 | |
| CY2019Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
139000000 | |
| CY2018Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
122000000 | |
| CY2020Q2 | alsn |
Contract With Customer Liability Increase
ContractWithCustomerLiabilityIncrease
|
13000000 | |
| CY2019Q2 | alsn |
Contract With Customer Liability Increase
ContractWithCustomerLiabilityIncrease
|
11000000 | |
| alsn |
Contract With Customer Liability Increase
ContractWithCustomerLiabilityIncrease
|
24000000 | ||
| alsn |
Contract With Customer Liability Increase
ContractWithCustomerLiabilityIncrease
|
29000000 | ||
| CY2020Q2 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
8000000 | |
| CY2019Q2 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
9000000 | |
| us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
18000000 | ||
| us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
18000000 | ||
| CY2020Q2 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
145000000 | |
| CY2019Q2 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
133000000 | |
| CY2020Q2 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
145000000 | |
| CY2019Q2 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
133000000 | |
| CY2018Q4 | us-gaap |
Goodwill
Goodwill
|
1941000000 | |
| us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
78000000 | ||
| us-gaap |
Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
|
78000000 | ||
| CY2019Q2 | us-gaap |
Goodwill
Goodwill
|
2019000000 | |
| CY2019Q4 | us-gaap |
Goodwill
Goodwill
|
2041000000 | |
| us-gaap |
Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
|
25000000 | ||
| us-gaap |
Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
|
21000000 | ||
| CY2020Q2 | us-gaap |
Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
|
245000000 | |
| CY2019Q4 | us-gaap |
Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
|
70000000 | |
| CY2020Q2 | us-gaap |
Assets Held In Trust
AssetsHeldInTrust
|
14000000 | |
| CY2019Q4 | us-gaap |
Assets Held In Trust
AssetsHeldInTrust
|
12000000 | |
| CY2020Q2 | us-gaap |
Deferred Compensation Cashbased Arrangements Liability Current And Noncurrent
DeferredCompensationCashbasedArrangementsLiabilityCurrentAndNoncurrent
|
14000000 | |
| CY2019Q4 | us-gaap |
Deferred Compensation Cashbased Arrangements Liability Current And Noncurrent
DeferredCompensationCashbasedArrangementsLiabilityCurrentAndNoncurrent
|
12000000 | |
| CY2020Q2 | us-gaap |
Fair Value Net Asset Liability
FairValueNetAssetLiability
|
179000000 | |
| CY2019Q4 | us-gaap |
Fair Value Net Asset Liability
FairValueNetAssetLiability
|
36000000 | |
| CY2020Q2 | us-gaap |
Long Term Debt
LongTermDebt
|
2816000000 | |
| CY2019Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
2544000000 | |
| CY2020Q2 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
6000000 | |
| CY2019Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
6000000 | |
| CY2020Q2 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
24000000 | |
| CY2019Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
26000000 | |
| CY2020Q2 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
2786000000 | |
| CY2019Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
2512000000 | |
| CY2020Q2 | us-gaap |
Long Term Debt
LongTermDebt
|
2816000000 | |
| CY2019Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
5000000 | |
| CY2020Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
17000000 | |
| CY2019Q4 | us-gaap |
Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
|
0.0436 | |
| CY2020Q2 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
5000000 | |
| CY2019Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
18000000 | |
| CY2020Q2 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
5000000 | |
| CY2020Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
4000000 | |
| CY2020Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
3000000 | |
| CY2020Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
2000000 | |
| CY2020Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
2000000 | |
| CY2020Q2 | alsn |
Lessee Operating Lease Liability Payments Thereafter
LesseeOperatingLeaseLiabilityPaymentsThereafter
|
9000000 | |
| CY2020Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
25000000 | |
| CY2020Q2 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
3000000 | |
| CY2020Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
22000000 | |
| CY2020Q2 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P7Y6M14D | |
| CY2019Q2 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P7Y29D | |
| CY2020Q2 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
2000000 | |
| us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
3000000 | ||
| CY2019Q2 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
0 | |
| us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
0 | ||
| us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
1000000 | ||
| us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
8000000 | ||
| CY2019Q1 | us-gaap |
Derivative Notional Amount
DerivativeNotionalAmount
|
250000000 | |
| CY2020Q2 | us-gaap |
Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
|
14000000 | |
| CY2020Q2 | us-gaap |
Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
|
29000000 | |
| CY2019Q2 | us-gaap |
Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
|
27000000 | |
| CY2019Q2 | us-gaap |
Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
|
32000000 | |
| CY2019Q1 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
64000000 | |
| CY2018Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
66000000 | |
| us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
12000000 | ||
| CY2019Q2 | us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
6000000 | |
| us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
8000000 | ||
| us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
11000000 | ||
| CY2020Q2 | us-gaap |
Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
|
3000000 | |
| us-gaap |
Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
|
-6000000 | ||
| CY2019Q2 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
59000000 | |
| CY2019Q2 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
99000000 | |
| CY2019Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
5000000 | |
| CY2020Q2 | us-gaap |
Construction Loan
ConstructionLoan
|
5000000 | |
| CY2019Q4 | us-gaap |
Construction Loan
ConstructionLoan
|
4000000 | |
| CY2020Q2 | alsn |
Vendor Liability Current
VendorLiabilityCurrent
|
2000000 | |
| CY2019Q4 | alsn |
Vendor Liability Current
VendorLiabilityCurrent
|
3000000 | |
| CY2020Q2 | alsn |
Non Trade Payable Current
NonTradePayableCurrent
|
1000000 | |
| CY2019Q4 | alsn |
Non Trade Payable Current
NonTradePayableCurrent
|
2000000 | |
| CY2020Q2 | us-gaap |
Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
|
11000000 | |
| CY2019Q4 | us-gaap |
Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
|
13000000 | |
| CY2020Q2 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
149000000 | |
| CY2019Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
202000000 | |
| CY2020Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
7000000 | |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
49000000 | ||
| CY2020Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.23 | |
| us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.23 | ||
| CY2019Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
48000000 | |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
92000000 | ||
| CY2019Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.21 | |
| us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.21 | ||
| CY2019Q2 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
|
-14000000 | |
| CY2019Q2 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
|
4000000 | |
| CY2019Q2 | us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
-4000000 | |
| CY2019Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-14000000 | |
| CY2020Q2 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
|
-3000000 | |
| CY2020Q2 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
|
3000000 | |
| CY2020Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
22000000 | |
| CY2020Q2 | us-gaap |
Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
|
0.0436 | |
| CY2020Q2 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
42000000 | |
| CY2019Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
87000000 | |
| CY2020Q2 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
21000000 | |
| CY2019Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
21000000 | |
| CY2020Q2 | alsn |
Vendor Buyback Obligation
VendorBuybackObligation
|
15000000 | |
| CY2019Q4 | alsn |
Vendor Buyback Obligation
VendorBuybackObligation
|
16000000 | |
| CY2020Q2 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
14000000 | |
| CY2019Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
7000000 | |
| CY2020Q2 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
11000000 | |
| CY2019Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
12000000 | |
| us-gaap |
Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
|
-24000000 | ||
| us-gaap |
Tax Cuts And Jobs Act Of2017 Reclassification From Aoci To Retained Earnings Tax Effect
TaxCutsAndJobsActOf2017ReclassificationFromAociToRetainedEarningsTaxEffect
|
7000000 | ||
| CY2019Q4 | us-gaap |
Accrual For Environmental Loss Contingencies Period Increase Decrease
AccrualForEnvironmentalLossContingenciesPeriodIncreaseDecrease
|
3000000 | |
| us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-17000000 | ||
| us-gaap |
Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
|
-34000000 | ||
| us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
|
8000000 | ||
| us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
-9000000 | ||
| us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-33000000 | ||
| CY2019Q1 | us-gaap |
Tax Cuts And Jobs Act Of2017 Reclassification From Aoci To Retained Earnings Tax Effect
TaxCutsAndJobsActOf2017ReclassificationFromAociToRetainedEarningsTaxEffect
|
7000000 | |
| CY2019Q4 | alsn |
Accrual For Environmental Loss Contingencies Undiscounted Estimated Period
AccrualForEnvironmentalLossContingenciesUndiscountedEstimatedPeriod
|
P30Y | |
| CY2020Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1000000 | |
| us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1000000 | ||
| CY2019Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | |
| us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | ||
| CY2020Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
23000000 | |
| CY2019Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
181000000 | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
162000000 | ||
| us-gaap |
Net Income Loss
NetIncomeLoss
|
348000000 | ||
| CY2019Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
123000000 | |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
114000000 | ||
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
124000000 | ||
| CY2020Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1000000 | |
| CY2019Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1000000 | |
| us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1000000 | ||
| CY2020Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
114000000 | |
| CY2019Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
124000000 | |
| CY2020Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.20 | |
| CY2019Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.47 | |
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.42 | ||
| CY2020Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.20 | |
| CY2019Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.46 | |
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.41 | ||
| CY2020Q2 | us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
-2000000 | |
| CY2020Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-4000000 | |
| us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
|
7000000 | ||
| us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
-7000000 | ||
| CY2020Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
113000000 | |
| us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1000000 | ||
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
115000000 | ||
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
125000000 | ||
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.81 | ||
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.78 |
