2021 Q3 Form 10-Q Financial Statement
#000156459021052445 Filed on October 28, 2021
Income Statement
| Concept | 2021 Q3 | 2020 Q3 |
|---|---|---|
| Revenue | $567.0M | $532.0M |
| YoY Change | 6.58% | -20.48% |
| Cost Of Revenue | $307.0M | $278.0M |
| YoY Change | 10.43% | -13.4% |
| Gross Profit | $260.0M | $254.0M |
| YoY Change | 2.36% | -27.01% |
| Gross Profit Margin | 45.86% | 47.74% |
| Selling, General & Admin | $73.00M | $93.00M |
| YoY Change | -21.51% | 9.41% |
| % of Gross Profit | 28.08% | 36.61% |
| Research & Development | $42.00M | $33.00M |
| YoY Change | 27.27% | -15.38% |
| % of Gross Profit | 16.15% | 12.99% |
| Depreciation & Amortization | $38.00M | $36.00M |
| YoY Change | 5.56% | -14.29% |
| % of Gross Profit | 14.62% | 14.17% |
| Operating Expenses | $115.0M | $126.0M |
| YoY Change | -8.73% | 1.61% |
| Operating Profit | $145.0M | $128.0M |
| YoY Change | 13.28% | -42.86% |
| Interest Expense | -$24.00M | -$34.00M |
| YoY Change | -29.41% | 6.25% |
| % of Operating Profit | -16.55% | -26.56% |
| Other Income/Expense, Net | $2.000M | $4.000M |
| YoY Change | -50.0% | 100.0% |
| Pretax Income | $124.0M | $98.00M |
| YoY Change | 26.53% | -49.48% |
| Income Tax | $30.00M | $21.00M |
| % Of Pretax Income | 24.19% | 21.43% |
| Net Earnings | $94.00M | $77.00M |
| YoY Change | 22.08% | -48.32% |
| Net Earnings / Revenue | 16.58% | 14.47% |
| Basic Earnings Per Share | $0.89 | $0.68 |
| Diluted Earnings Per Share | $0.89 | $0.68 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 106.0M | 113.0M |
| Diluted Shares Outstanding | 106.0M | 114.0M |
Balance Sheet
| Concept | 2021 Q3 | 2020 Q3 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $261.0M | $251.0M |
| YoY Change | 3.98% | 65.13% |
| Cash & Equivalents | $261.0M | $251.0M |
| Short-Term Investments | ||
| Other Short-Term Assets | $75.00M | $37.00M |
| YoY Change | 102.7% | -36.21% |
| Inventory | $217.0M | $177.0M |
| Prepaid Expenses | ||
| Receivables | $257.0M | $245.0M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $810.0M | $710.0M |
| YoY Change | 14.08% | -5.08% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $681.0M | $636.0M |
| YoY Change | 7.08% | 13.37% |
| Goodwill | $2.064B | $2.063B |
| YoY Change | 0.05% | 1.13% |
| Intangibles | $928.0M | $975.0M |
| YoY Change | -4.82% | -8.11% |
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $54.00M | $62.00M |
| YoY Change | -12.9% | 1.64% |
| Total Long-Term Assets | $3.727B | $3.736B |
| YoY Change | -0.24% | 0.35% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $810.0M | $710.0M |
| Total Long-Term Assets | $3.727B | $3.736B |
| Total Assets | $4.537B | $4.446B |
| YoY Change | 2.05% | -0.56% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $172.0M | $133.0M |
| YoY Change | 29.32% | -28.11% |
| Accrued Expenses | $153.0M | $116.0M |
| YoY Change | 31.9% | -34.09% |
| Deferred Revenue | $37.00M | $33.00M |
| YoY Change | 12.12% | -5.71% |
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $6.000M | $6.000M |
| YoY Change | 0.0% | 0.0% |
| Total Short-Term Liabilities | $448.0M | $382.0M |
| YoY Change | 17.28% | -19.92% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $2.504B | $2.510B |
| YoY Change | -0.24% | -0.12% |
| Other Long-Term Liabilities | $372.0M | $384.0M |
| YoY Change | -3.13% | 69.91% |
| Total Long-Term Liabilities | $2.504B | $2.510B |
| YoY Change | -0.24% | -8.36% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $448.0M | $382.0M |
| Total Long-Term Liabilities | $2.504B | $2.510B |
| Total Liabilities | $3.830B | $3.700B |
| YoY Change | 3.51% | -0.75% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $707.0M | $746.0M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $4.537B | $4.446B |
| YoY Change | 2.05% | -0.56% |
Cashflow Statement
| Concept | 2021 Q3 | 2020 Q3 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $94.00M | $77.00M |
| YoY Change | 22.08% | -48.32% |
| Depreciation, Depletion And Amortization | $38.00M | $36.00M |
| YoY Change | 5.56% | -14.29% |
| Cash From Operating Activities | $196.0M | $158.0M |
| YoY Change | 24.05% | -25.47% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$43.00M | -$31.00M |
| YoY Change | 38.71% | -34.04% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$7.000M | $0.00 |
| YoY Change | -100.0% | |
| Cash From Investing Activities | -$50.00M | -$31.00M |
| YoY Change | 61.29% | -78.77% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -122.0M | -312.0M |
| YoY Change | -60.9% | 380.0% |
| NET CHANGE | ||
| Cash From Operating Activities | 196.0M | 158.0M |
| Cash From Investing Activities | -50.00M | -31.00M |
| Cash From Financing Activities | -122.0M | -312.0M |
| Net Change In Cash | 24.00M | -185.0M |
| YoY Change | -112.97% | -18600.0% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $196.0M | $158.0M |
| Capital Expenditures | -$43.00M | -$31.00M |
| Free Cash Flow | $239.0M | $189.0M |
| YoY Change | 26.46% | -27.03% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
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Operating Lease Liability Current Statement Of Financial Position Extensible List
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Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
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http://fasb.org/us-gaap/2021-01-31#OtherLiabilitiesNoncurrent | |
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Operating Lease Liability Statement Of Financial Position Extensible List
OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList
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http://fasb.org/us-gaap/2021-01-31#OtherLiabilities | |
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Net Cash Provided By Used In Operating Activities
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467000000 | ||
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Net Cash Provided By Used In Operating Activities
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402000000 | ||
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Payments To Acquire Property Plant And Equipment
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112000000 | ||
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Loans To Third Parties
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11000000 | ||
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Loans To Third Parties
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Payments For Proceeds From Business Acquisitions
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Payments For Repurchase Of Common Stock
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Payments Of Dividends
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3000000 | ||
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Repayments Of Long Term Lines Of Credit
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Repayments Of Long Term Lines Of Credit
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Stockholders Equity
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Stockholders Equity
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Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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Stock Repurchased And Retired During Period Value
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Nature Of Operations
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<p style="margin-top:18pt;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:2.39%;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 79% of revenues were generated in North America in 2020, 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 1,400 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. In the third quarter of 2021, the COVID-19 pandemic continued to cause supply chain, labor and raw material constraints that created volatility in the Company’s business performance and impacted global markets and supply chains. As a result, the Company has experienced, and expects to continue to experience, raw material and component part price inflation, increased freight and logistics costs and increased overtime expense as a result of labor shortages. In addition, despite increased customer demand the Company’s net sales were negatively impacted as a result of its customers’ inability to secure components from the broader commercial vehicle supply base which resulted in reduced commercial vehicle build schedules.</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 continue to take various actions including the administration or mandate of vaccinations, travel bans and restrictions, quarantines, curfews, stay-at-home orders, social distancing guidelines and business shutdowns and closures. The Company is also continuing to take a variety of measures to promote the safety and security of its employees and to maintain operations with as minimal impact as possible to its stakeholders, and as a result, the Company has been able to continue its manufacturing operations and deliver its products to customers.</p> | ||
| CY2021Q3 | alsn |
Worldwide Independent Distributor And Dealer Locations
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1400 | |
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Use Of Estimates
UseOfEstimates
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<p style="margin-top:6pt;margin-bottom:0pt;text-indent:2.39%;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:4.64%;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 rate 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 rate 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> | ||
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Revenue Adjustments To Variable Consideration Constraint
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Revenue Adjustments To Variable Consideration Constraint
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Revenue Adjustments To Variable Consideration Constraint
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Revenue Adjustments To Variable Consideration Constraint
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Product Sales Credit Term
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Contract With Customer Asset Net
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Number Of Reportable Segments
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Other Inventory Net Of Reserves
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Inventory Parts And Components Net Of Reserves
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Inventory Work In Process Net Of Reserves
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Inventory Work In Process Net Of Reserves
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Inventory Finished Goods Net Of Reserves
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Inventory Finished Goods Net Of Reserves
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Inventory Net
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Inventory Net
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Goodwill
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Goodwill
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Intangible Assets Gross Excluding Goodwill
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Finite Lived Intangible Assets Accumulated Amortization
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Intangible Assets Net Excluding Goodwill
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Intangible Assets Gross Excluding Goodwill
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Finite Lived Intangible Assets Accumulated Amortization
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Intangible Assets Net Excluding Goodwill
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Intangible Assets Net Including Goodwill
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2992000000 | |
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Intangible Assets Net Including Goodwill
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3027000000 | |
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Long Term Debt Noncurrent
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Fair Value Net Asset Liability
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100000000 | |
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Fair Value Net Asset Liability
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74000000 | |
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Finite Lived Intangible Assets Amortization Expense Year Two
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Finite Lived Intangible Assets Amortization Expense Year Three
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Finite Lived Intangible Assets Amortization Expense Year Four
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4000000 | |
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Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
1000000 | |
| alsn |
Fair Value Measurement Guidance And Hierarchy Levels Description
FairValueMeasurementGuidanceAndHierarchyLevelsDescription
|
In accordance with the FASB’s authoritative accounting guidance on fair value measurements, fair value is the price (exit price) that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company utilizes market data or assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated, or generally unobservable. The Company primarily applies the market approach for recurring fair value measurements and utilizes the best available information that maximizes the use of observable inputs and minimizes the use of unobservable inputs. The Company is able to classify fair value balances based on the observability of those inputs. The accounting guidance establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurement). The three levels of the fair value hierarchy defined by the relevant guidance are as follows: Level 1 — Quoted prices are available in active markets for identical assets or liabilities as of the reporting date. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis. Level 1 primarily consists of financial instruments such as exchange-traded derivatives, listed equities and publicly traded bonds. Level 2 — Pricing inputs are other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reported date. Level 2 includes financial instruments that are valued using quoted prices in markets that are not active and those financial instruments that are valued using models or other valuation methodologies. These models are primarily industry standard models that consider various assumptions, including quoted forward prices for commodities, time value, volatility factors, and current market and contractual prices for the underlying instruments, as well as other relevant economic measures. Substantially all of these assumptions are observable in the marketplace throughout the full term of the instrument, can be derived from observable data or are supported by observable levels at which transactions are executed in the marketplace. Level 3 — Pricing inputs include significant inputs that are generally less observable from objective sources. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value. At each balance sheet date, the Company performs an analysis of all instruments subject to authoritative accounting guidance and includes, in Level 3, all of those whose fair value is based on significant unobservable inputs. As of September 30, 2021 and December 31, 2020, the Company did not have any Level 3 financial assets or liabilities. | ||
| CY2021Q3 | us-gaap |
Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
|
115000000 | |
| CY2020Q4 | us-gaap |
Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
|
160000000 | |
| CY2021Q3 | us-gaap |
Assets Held In Trust
AssetsHeldInTrust
|
18000000 | |
| CY2020Q4 | us-gaap |
Assets Held In Trust
AssetsHeldInTrust
|
17000000 | |
| CY2021Q3 | us-gaap |
Deferred Compensation Cashbased Arrangements Liability Current And Noncurrent
DeferredCompensationCashbasedArrangementsLiabilityCurrentAndNoncurrent
|
18000000 | |
| CY2020Q4 | us-gaap |
Deferred Compensation Cashbased Arrangements Liability Current And Noncurrent
DeferredCompensationCashbasedArrangementsLiabilityCurrentAndNoncurrent
|
17000000 | |
| CY2021Q3 | us-gaap |
Long Term Debt
LongTermDebt
|
2533000000 | |
| CY2020Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
2538000000 | |
| CY2021Q3 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
6000000 | |
| CY2020Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
6000000 | |
| CY2021Q3 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
23000000 | |
| CY2020Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
25000000 | |
| CY2021Q3 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
37000000 | |
| CY2021Q3 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
101000000 | |
| CY2020Q3 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
33000000 | |
| CY2021Q3 | us-gaap |
Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
|
35000000 | |
| CY2021Q3 | us-gaap |
Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
|
23000000 | |
| CY2020Q3 | us-gaap |
Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
|
34000000 | |
| CY2020Q3 | us-gaap |
Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
|
31000000 | |
| CY2021Q2 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
60000000 | |
| CY2020Q2 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
48000000 | |
| CY2020Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
66000000 | |
| CY2019Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
52000000 | |
| CY2021Q3 | us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
6000000 | |
| CY2020Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
2507000000 | |
| CY2021Q3 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
2567000000 | |
| us-gaap |
Derivative Description Of Terms
DerivativeDescriptionOfTerms
|
The Company is subject to interest rate risk related to the Senior Secured Credit Facility and enters into interest rate swaps that are based on LIBOR to manage a portion of this exposure. The interest rate swaps are designated as cash flow hedges that qualify for hedge accounting under the hypothetical derivative method. Fair value adjustments are recorded as a component of Accumulated other comprehensive loss, net of tax (“AOCL”) in the Condensed Consolidated Balance Sheets. Balances in AOCL are reclassified to earnings when transactions related to the underlying risk are settled. As of September 30, 2021, the Company held interest rate swaps effective from September 2019 to September 2025 with notional values totaling $250 million and a weighted average LIBOR fixed rate of 3.04%, interest rate swaps effective from September 2019 to September 2022 with notional values totaling $250 million and a weighted average LIBOR fixed rate of 3.01% and interest rate swaps effective from September 2022 to September 2025 with notional values totaling $250 million and a weighted average LIBOR fixed rate of 2.82%. See NOTE F, “Fair Value of Financial Instruments” for information regarding the fair value of the Company’s interest rate swaps. | ||
| CY2021Q3 | us-gaap |
Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
|
14000000 | |
| CY2020Q3 | us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
9000000 | |
| us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
22000000 | ||
| us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
25000000 | ||
| CY2021Q3 | us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
4000000 | |
| CY2020Q3 | us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
3000000 | |
| us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
12000000 | ||
| us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
11000000 | ||
| CY2021Q3 | us-gaap |
Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
|
0 | |
| CY2020Q3 | us-gaap |
Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
|
23000000 | |
| us-gaap |
Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
|
2000000 | ||
| us-gaap |
Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
|
27000000 | ||
| CY2021Q3 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
58000000 | |
| CY2020Q3 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
65000000 | |
| CY2021Q3 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
58000000 | |
| CY2020Q3 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
65000000 | |
| CY2020Q3 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
140000000 | |
| CY2020Q3 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
107000000 | |
| CY2021Q2 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
142000000 | |
| CY2021Q3 | alsn |
Contract With Customer Liability Increase
ContractWithCustomerLiabilityIncrease
|
6000000 | |
| CY2020Q3 | alsn |
Contract With Customer Liability Increase
ContractWithCustomerLiabilityIncrease
|
5000000 | |
| alsn |
Contract With Customer Liability Increase
ContractWithCustomerLiabilityIncrease
|
22000000 | ||
| alsn |
Contract With Customer Liability Increase
ContractWithCustomerLiabilityIncrease
|
29000000 | ||
| CY2021Q3 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
10000000 | |
| CY2020Q3 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
10000000 | |
| us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
27000000 | ||
| us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
28000000 | ||
| CY2021Q3 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
138000000 | |
| CY2020Q3 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
140000000 | |
| CY2021Q3 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
138000000 | |
| alsn |
Lessee Lease Description
LesseeLeaseDescription
|
Contracts are assessed by the Company to determine if the contract conveys the right to control an identified asset in exchange for consideration during a period of time. The Company classifies all identified leases as either operating or finance leases. As of September 30, 2021, the Company was not a party to any finance leases. Contracts that contain leases are assessed to determine if the consideration in the contract is related to a lease component, non-lease component or other components not related to the lease. Lease components are recorded as right-of-use (“ROU”) assets and lease liabilities while any non-lease component is expensed as incurred. The consideration in the contract related to other components not related to the lease is allocated among the lease component and the non-lease component, as applicable, based on the stand-alone selling price of the lease and non-lease components. | ||
| CY2021Q3 | us-gaap |
Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
|
0.0436 | |
| CY2020Q4 | us-gaap |
Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
|
0.0437 | |
| CY2021Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
4000000 | |
| CY2021Q3 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
14000000 | |
| CY2020Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
4000000 | |
| CY2020Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
17000000 | |
| CY2021Q3 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
1000000 | |
| CY2021Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
5000000 | |
| CY2021Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
3000000 | |
| CY2021Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
2000000 | |
| CY2021Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
2000000 | |
| CY2021Q3 | alsn |
Lessee Operating Lease Liability Payments Thereafter
LesseeOperatingLeaseLiabilityPaymentsThereafter
|
8000000 | |
| CY2021Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
21000000 | |
| CY2021Q3 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
3000000 | |
| CY2021Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
18000000 | |
| CY2021Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
18000000 | |
| CY2021Q3 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P7Y2M12D | |
| CY2020Q3 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P7Y7M6D | |
| CY2021Q3 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
1000000 | |
| CY2020Q3 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
1000000 | |
| us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
4000000 | ||
| us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
4000000 | ||
| CY2021Q3 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
0 | |
| CY2020Q3 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
0 | |
| 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
|
2000000 | ||
| CY2021Q3 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
76000000 | |
| CY2020Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
47000000 | |
| CY2021Q3 | alsn |
Sales Allowances
SalesAllowances
|
32000000 | |
| CY2020Q4 | alsn |
Sales Allowances
SalesAllowances
|
20000000 | |
| CY2021Q3 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
26000000 | |
| CY2020Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
12000000 | |
| CY2021Q3 | alsn |
Vendor Buyback Obligation
VendorBuybackObligation
|
17000000 | |
| CY2020Q4 | alsn |
Vendor Buyback Obligation
VendorBuybackObligation
|
16000000 | |
| CY2021Q3 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
13000000 | |
| CY2020Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
11000000 | |
| CY2021Q3 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
13000000 | |
| CY2020Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
14000000 | |
| CY2021Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
4000000 | |
| CY2020Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
4000000 | |
| CY2021Q3 | alsn |
Non Trade Payable Current
NonTradePayableCurrent
|
2000000 | |
| CY2020Q4 | alsn |
Non Trade Payable Current
NonTradePayableCurrent
|
2000000 | |
| CY2021Q3 | us-gaap |
Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
|
15000000 | |
| CY2020Q4 | us-gaap |
Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
|
14000000 | |
| CY2021Q3 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
198000000 | |
| CY2020Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
140000000 | |
| CY2021Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
30000000 | |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
94000000 | ||
| CY2021Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.24 | |
| us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.22 | ||
| CY2020Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
21000000 | |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
70000000 | ||
| CY2020Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.21 | |
| us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.23 | ||
| us-gaap |
Valuation Allowance Methodologies And Assumptions
ValuationAllowanceMethodologiesAndAssumptions
|
The need to establish a valuation allowance against the deferred tax assets is assessed periodically based on a more-likely-than-not realization threshold, in accordance with authoritative accounting guidance. Appropriate consideration is given to all positive and negative evidence related to that realization. This assessment considers, among other matters, the nature, frequency and severity of recent losses, forecasts of future profitability, the duration of statutory carry-forward periods, experience with tax attributes expiring unused, and tax planning alternatives. The weight given to these considerations depends upon the degree to which they can be objectively verified. The Company continues to provide for a valuation allowance on certain of its foreign deferred tax assets and an anticipated capital loss carryforward. The Company has determined, based on the evaluation of both objective and subjective evidence available, that this valuation allowance is necessary and that it is more likely than not that the deferred tax assets are not fully realizable. | ||
| us-gaap |
Income Tax Examination Description
IncomeTaxExaminationDescription
|
In accordance with the FASB’s authoritative guidance on accounting for income taxes, the Company has recorded a liability for unrecognized tax benefits related to a 2010 Research and Development Credit as of September 30, 2021 and December 31, 2020. The accounting guidance prescribes a recognition threshold and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The Company's returns will remain subject to examination by the various taxing authorities for the duration of the applicable statute of limitations (generally three years from the later of the date of filing or the due date of the return). | ||
| CY2020Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.68 | |
| CY2020Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.68 | |
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.97 | ||
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.10 | ||
| CY2021Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.89 | |
| CY2021Q3 | us-gaap |
Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
|
3000000 | |
| CY2020Q3 | 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 | ||
| CY2021Q3 | 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 | ||
| CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
94000000 | |
| CY2020Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
77000000 | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
324000000 | ||
| us-gaap |
Net Income Loss
NetIncomeLoss
|
239000000 | ||
| CY2021Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
106000000 | |
| CY2020Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
113000000 | |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
109000000 | ||
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
114000000 | ||
| CY2021Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | |
| CY2020Q3 | 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
|
0 | ||
| us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | ||
| CY2021Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
106000000 | |
| CY2020Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
114000000 | |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
109000000 | ||
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
114000000 | ||
| CY2021Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.89 | |
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.97 | ||
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.10 |
