2023 Q1 Form 10-K Financial Statement

#000106223123000016 Filed on February 17, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $1.494B $1.393B $5.802B
YoY Change 4.02% 12.76% 12.52%
Cost Of Revenue $1.333B $1.226B $5.098B
YoY Change 6.72% 11.91% 14.97%
Gross Profit $160.6M $167.2M $704.9M
YoY Change -14.03% 19.43% -2.46%
Gross Profit Margin 10.75% 12.01% 12.15%
Selling, General & Admin $98.30M $49.80M $345.1M
YoY Change 14.17% -12.94% 0.26%
% of Gross Profit 61.21% 29.78% 48.96%
Research & Development $42.80M $38.70M $144.0M
YoY Change 23.34% 90.64% 23.29%
% of Gross Profit 26.65% 23.15% 20.43%
Depreciation & Amortization $124.9M $125.0M $492.1M
YoY Change 3.74% 1.54% -9.59%
% of Gross Profit 77.77% 74.76% 69.81%
Operating Expenses $98.30M $109.8M $489.1M
YoY Change 14.17% 10.91% 6.1%
Operating Profit $36.10M $57.40M $243.9M
YoY Change -48.65% 40.0% 1.37%
Interest Expense $50.50M -$36.90M $174.5M
YoY Change 12.98% -11.72% -10.6%
% of Operating Profit 139.89% -64.29% 71.55%
Other Income/Expense, Net $3.700M $2.600M -$1.800M
YoY Change -470.0% -105.88% -43.75%
Pretax Income -$5.100M $18.00M $66.30M
YoY Change -227.5% -137.04% 5425.0%
Income Tax $0.00 $4.100M $2.000M
% Of Pretax Income 22.78% 3.02%
Net Earnings -$5.100M $13.20M $64.30M
YoY Change -610.0% -128.51% 989.83%
Net Earnings / Revenue -0.34% 0.95% 1.11%
Basic Earnings Per Share -$0.04 $0.54
Diluted Earnings Per Share -$0.04 $0.11 $0.53
COMMON SHARES
Basic Shares Outstanding 114.6M shares 114.6M shares 114.5M shares
Diluted Shares Outstanding 115.2M shares 115.5M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $465.7M $511.5M $511.5M
YoY Change -12.12% -3.53% -3.53%
Cash & Equivalents $465.7M $511.5M $511.5M
Short-Term Investments
Other Short-Term Assets $182.1M $197.8M $197.8M
YoY Change 6.99% 29.62% 29.62%
Inventory $464.6M $463.9M $463.9M
Prepaid Expenses
Receivables $892.1M $820.2M $820.2M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.005B $1.993B $1.993B
YoY Change -1.78% 7.4% 7.4%
LONG-TERM ASSETS
Property, Plant & Equipment $1.865B $1.903B $2.010B
YoY Change -4.27% -4.66% -5.17%
Goodwill $181.7M $181.6M
YoY Change -0.82% -1.2%
Intangibles $595.1M $616.2M
YoY Change -12.02% -11.62%
Long-Term Investments
YoY Change
Other Assets $436.1M $421.4M $668.0M
YoY Change 1.63% -7.73% -14.24%
Total Long-Term Assets $3.448B $3.476B $3.476B
YoY Change -6.4% -8.04% -8.04%
TOTAL ASSETS
Total Short-Term Assets $2.005B $1.993B $1.993B
Total Long-Term Assets $3.448B $3.476B $3.476B
Total Assets $5.453B $5.469B $5.469B
YoY Change -4.75% -2.95% -2.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $771.3M $734.0M $734.0M
YoY Change 2.2% 19.78% 19.78%
Accrued Expenses $350.2M $361.3M $348.3M
YoY Change 0.69% -4.97% -6.85%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $49.60M $75.90M $88.90M
YoY Change 136.19% 303.72% 254.18%
Total Short-Term Liabilities $1.198B $1.199B $1.199B
YoY Change 3.84% 15.33% 15.33%
LONG-TERM LIABILITIES
Long-Term Debt $2.897B $2.897B $2.938B
YoY Change -6.32% -7.13% -7.28%
Other Long-Term Liabilities $774.5M $787.0M $694.6M
YoY Change -23.48% -24.24% -27.37%
Total Long-Term Liabilities $2.897B $2.897B $3.632B
YoY Change -6.32% -7.13% -11.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.198B $1.199B $1.199B
Total Long-Term Liabilities $2.897B $2.897B $3.632B
Total Liabilities $4.831B $4.842B $4.842B
YoY Change -7.81% -6.49% -6.49%
SHAREHOLDERS EQUITY
Retained Earnings -$254.7M -$249.6M
YoY Change -18.6% -20.48%
Common Stock $1.373B $1.369B
YoY Change 1.22% 1.31%
Preferred Stock
YoY Change
Treasury Stock (at cost) $232.7M $218.2M
YoY Change 6.69% 0.88%
Treasury Stock Shares
Shareholders Equity $621.7M $627.3M $627.3M
YoY Change
Total Liabilities & Shareholders Equity $5.453B $5.469B $5.469B
YoY Change -4.75% -2.95% -2.95%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$5.100M $13.20M $64.30M
YoY Change -610.0% -128.51% 989.83%
Depreciation, Depletion And Amortization $124.9M $125.0M $492.1M
YoY Change 3.74% 1.54% -9.59%
Cash From Operating Activities $32.10M $148.5M $448.9M
YoY Change -53.14% 45.02% -16.62%
INVESTING ACTIVITIES
Capital Expenditures $46.60M $57.50M $171.4M
YoY Change 62.94% -187.92% -5.41%
Acquisitions $600.0K $88.90M
YoY Change -91.04% 1714.29%
Other Investing Activities $16.10M $11.90M -$67.60M
YoY Change -696.3% -1587.5% -436.32%
Cash From Investing Activities -$30.50M -$45.60M -$243.0M
YoY Change -2.56% -31.12% 50.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.900M
YoY Change -55.81%
Debt Paid & Issued, Net $11.30M $458.3M
YoY Change -95.52% -54.96%
Cash From Financing Activities -$49.10M -69.40M -$217.2M
YoY Change 26.87% 863.89% -45.89%
NET CHANGE
Cash From Operating Activities $32.10M 148.5M $448.9M
Cash From Investing Activities -$30.50M -45.60M -$243.0M
Cash From Financing Activities -$49.10M -69.40M -$217.2M
Net Change In Cash -$45.80M 33.50M -$18.70M
YoY Change 15166.67% 15.52% -30.22%
FREE CASH FLOW
Cash From Operating Activities $32.10M $148.5M $448.9M
Capital Expenditures $46.60M $57.50M $171.4M
Free Cash Flow -$14.50M $91.00M $277.5M
YoY Change -136.34% -45.77% -22.31%

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CY2021 us-gaap Increase Decrease In Deferred Revenue
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13300000 usd
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CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2022 axl Final Settlement On Sale Of Business
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CY2021 axl Final Settlement On Sale Of Business
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CY2020 axl Final Settlement On Sale Of Business
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CY2021 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
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1000000.0 usd
CY2020 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
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CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2022 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
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CY2021 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
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1100000 usd
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CY2022 us-gaap Proceeds From Insurance Settlement Investing Activities
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17000000.0 usd
CY2021 us-gaap Proceeds From Insurance Settlement Investing Activities
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23100000 usd
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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CY2020 us-gaap Repayments Of Lines Of Credit
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350000000.0 usd
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2020 us-gaap Net Cash Provided By Used In Financing Activities
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CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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25000000.0 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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530200000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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557000000.0 usd
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532000000.0 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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511500000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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530200000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022 us-gaap Interest Paid Net
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CY2021 us-gaap Income Taxes Paid Net
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CY2020 us-gaap Income Taxes Paid Net
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CY2022 us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
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CY2021 us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
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CY2020 us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
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CY2019Q4 us-gaap Common Stock Shares Outstanding
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CY2020 us-gaap Treasury Stock Shares Acquired
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CY2020Q4 us-gaap Common Stock Shares Outstanding
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CY2021 us-gaap Stock Issued During Period Shares Share Based Compensation
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CY2021 us-gaap Treasury Stock Shares Acquired
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500000 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
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CY2022 us-gaap Stock Issued During Period Shares Share Based Compensation
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800000 shares
CY2022 us-gaap Treasury Stock Shares Acquired
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200000 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
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114600000 shares
CY2022Q4 axl Numberof Facilities
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80 facilities
CY2022Q4 us-gaap Number Of Countries In Which Entity Operates
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18 countries
CY2022 us-gaap Revenue Performance Obligation Description Of Payment Terms
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50 days
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
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CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
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CY2022 us-gaap Property Plant And Equipment Preproduction Design And Development Costs
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<span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">CUSTOMER TOOLING AND PRE-PRODUCTION COSTS RELATED TO LONG-TERM SUPPLY AGREEMENTS </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Engineering, research and development (R&amp;D), and other pre-production design and development costs for products sold on long-term supply arrangements are expensed as incurred unless we have a contractual guarantee for reimbursement from the customer. Reimbursements received for pre-production costs relating to awarded programs are deferred and recognized into revenue over the life of the associated program. Reimbursements received for pre-production costs relating to future programs that have not been awarded, or amounts received for programs that become discontinued prior to production, are recorded as a reduction of expense. </span>Costs for tooling used to make products sold on long-term supply arrangements for which we have either title to the assets or the noncancelable right to use the assets during the term of the supply arrangement are capitalized in property, plant and equipment. Reimbursable costs for tooling assets for which our customer has title and we do not have a noncancelable right to use during the term of the supply arrangement, are recorded in accounts receivable in our consolidated balance sheets. The reimbursement for the customer-owned tooling is recorded as a reduction of accounts receivable upon collection. Capitalized items and customer receipts in excess of tooling costs specifically related to a supply arrangement are amortized over the shorter of the term of the arrangement or over the estimated useful lives of the related assets.
CY2022Q4 us-gaap Inventory Work In Process And Raw Materials
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CY2021Q4 us-gaap Inventory Work In Process And Raw Materials
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CY2022Q4 us-gaap Inventory Finished Goods
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92500000 usd
CY2021Q4 us-gaap Inventory Finished Goods
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89300000 usd
CY2022Q4 us-gaap Inventory Gross
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491400000 usd
CY2021Q4 us-gaap Inventory Gross
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429000000.0 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
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27500000 usd
CY2021Q4 us-gaap Inventory Valuation Reserves
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18600000 usd
CY2022Q4 us-gaap Inventory Net
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463900000 usd
CY2021Q4 us-gaap Inventory Net
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410400000 usd
CY2022 axl Maintenance Repairand Operations Mro Materials Amortization
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56000000 usd
CY2021 axl Maintenance Repairand Operations Mro Materials Amortization
MaintenanceRepairandOperationsMROMaterialsAmortization
61600000 usd
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62400000 usd
CY2022 us-gaap Depreciation
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350400000 usd
CY2021 us-gaap Depreciation
Depreciation
396900000 usd
CY2020 us-gaap Depreciation
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372900000 usd
CY2022Q4 us-gaap Land
Land
57800000 usd
CY2021Q4 us-gaap Land
Land
47700000 usd
CY2022Q4 us-gaap Land Improvements
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26500000 usd
CY2021Q4 us-gaap Land Improvements
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26800000 usd
CY2022Q4 us-gaap Buildings And Improvements Gross
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682000000.0 usd
CY2021Q4 us-gaap Buildings And Improvements Gross
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635800000 usd
CY2022Q4 us-gaap Machinery And Equipment Gross
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3739700000 usd
CY2021Q4 us-gaap Machinery And Equipment Gross
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3700300000 usd
CY2022Q4 us-gaap Construction In Progress Gross
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140200000 usd
CY2021Q4 us-gaap Construction In Progress Gross
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171200000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4646200000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4581800000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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2743200000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2585700000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
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1903000000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
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1996100000 usd
CY2022 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
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34200000 usd
CY2021 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
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20100000 usd
CY2020 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
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CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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1900000 usd
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2020 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2022 us-gaap Research And Development Expense
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144000000 usd
CY2021 us-gaap Research And Development Expense
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CY2020 us-gaap Research And Development Expense
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CY2020 axl Engineering Design Development Recoveries
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CY2021 axl Engineering Design Development Recoveries
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<span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">USE OF ESTIMATES </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In order to prepare consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (GAAP), we are required to make estimates and assumptions that affect the reported amounts and disclosures in our consolidated financial statements. Actual results could differ from those estimates.</span>
CY2022 axl Deferred Payments Of Social Security Tax Repaid
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CY2021 axl Deferred Payments Of Social Security Tax Repaid
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CY2019Q4 us-gaap Restructuring Reserve
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59100000 usd
CY2020Q4 us-gaap Restructuring Reserve
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43200000 usd
CY2021 us-gaap Payments For Restructuring
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51300000 usd
CY2021Q4 us-gaap Restructuring Reserve
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CY2022 us-gaap Restructuring Charges
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21300000 usd
CY2022Q4 us-gaap Restructuring Reserve
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3800000 usd
CY2022 us-gaap Business Combination Acquisition Related Costs
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2500000 usd
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8500000 usd
CY2021 us-gaap Business Combination Acquisition Related Costs
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CY2021 us-gaap Business Combination Integration Related Costs
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5800000 usd
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CY2020 us-gaap Business Combination Acquisition Related Costs
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CY2020 us-gaap Business Combination Integration Related Costs
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8800000 usd
CY2022 axl Restructuringandacquisitionrelatedcosts
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30200000 usd
CY2021 axl Restructuringandacquisitionrelatedcosts
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49400000 usd
CY2020 axl Restructuringandacquisitionrelatedcosts
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CY2020Q4 us-gaap Goodwill
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CY2021Q4 us-gaap Goodwill
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CY2022 us-gaap Goodwill Translation And Purchase Accounting Adjustments
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CY2022Q4 us-gaap Goodwill
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181600000 usd
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510000000 usd
CY2020 us-gaap Goodwill Impaired Facts And Circumstances Leading To Impairment
GoodwillImpairedFactsAndCircumstancesLeadingToImpairment
These impairment charges were primarily the result of a decline in the projected cash flows of these reporting units under our revised long-range plan completed in the first quarter of 2020. The revision to our long-range plan was driven by lower forecasted sales volumes in the internal and external data sources used to form our projections primarily due to the reduction in global automotive production volumes caused by the impact of COVID-19. The impairment charges were also the result of changes in certain market-related inputs to the analysis to reflect macro-economic changes caused by the impact of COVID-19, including increased discount rates and lower pricing multiples for comparable public companies.
CY2022Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
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499300000 usd
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616200000 usd
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1112600000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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415400000 usd
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697200000 usd
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85700000 usd
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CY2020 us-gaap Amortization Of Intangible Assets
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CY2021Q4 us-gaap Long Term Debt Noncurrent
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CY2022Q4 us-gaap Long Term Debt
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CY2021Q4 us-gaap Long Term Debt
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42500000 usd
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1646100000 usd
CY2022Q4 us-gaap Debt Longterm And Shortterm Combined Amount
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CY2021 us-gaap Interest Expense
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CY2020 us-gaap Interest Expense
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0.066
CY2021Q4 us-gaap Longterm Debt Weighted Average Interest Rate
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0.056
CY2020Q4 us-gaap Longterm Debt Weighted Average Interest Rate
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CY2022 us-gaap Investment Income Interest
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CY2021Q4 axl Total Gm Postretirement Cost Sharing Asset
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213200000 usd
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381900000 usd
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381900000 usd
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301200000 usd
CY2022Q4 axl Total Gm Postretirement Cost Sharing Asset
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138200000 usd
CY2021Q4 axl Total Gm Postretirement Cost Sharing Asset
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213200000 usd
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CY2022Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Three
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47700000 usd
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49700000 usd
CY2022Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Five
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48300000 usd
CY2022Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Five Fiscal Years Thereafter
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242900000 usd
CY2022Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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CY2021Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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573800000 usd
CY2022 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
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0.50
CY2022 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
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0.10
CY2022 axl Defined Contribution Plans Voluntary Savings Plan Matching Contributions During The Period
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8600000 usd
CY2021 axl Defined Contribution Plans Voluntary Savings Plan Matching Contributions During The Period
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CY2020 axl Defined Contribution Plans Voluntary Savings Plan Matching Contributions During The Period
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7900000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
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6000000 shares
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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123300000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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188000000.0 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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111300000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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1200000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022 us-gaap Current Federal Tax Expense Benefit
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11700000 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
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3500000 usd
CY2020 us-gaap Current Federal Tax Expense Benefit
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CY2022 us-gaap Current State And Local Tax Expense Benefit
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CY2021 us-gaap Current State And Local Tax Expense Benefit
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300000 usd
CY2020 us-gaap Current State And Local Tax Expense Benefit
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CY2022 us-gaap Current Foreign Tax Expense Benefit
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21800000 usd
CY2021 us-gaap Current Foreign Tax Expense Benefit
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34000000.0 usd
CY2020 us-gaap Current Foreign Tax Expense Benefit
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20200000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
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34800000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
37800000 usd
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
22700000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
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100000 usd
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2022 us-gaap Deferred Income Tax Expense Benefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
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CY2020 us-gaap Deferred Income Tax Expense Benefit
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CY2022 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Income Tax Expense Benefit
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CY2020 us-gaap Income Tax Expense Benefit
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CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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13900000 usd
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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300000 usd
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2020 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2022 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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CY2021 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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CY2020 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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2100000 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2022 us-gaap Income Tax Reconciliation Tax Credits
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CY2021 us-gaap Income Tax Reconciliation Tax Credits
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CY2020 us-gaap Income Tax Reconciliation Tax Credits
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CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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2700000 usd
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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19800000 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
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CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
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CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
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107100000 usd
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CY2022 us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
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5200000 usd
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14400000 usd
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6400000 usd
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6500000 usd
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2300000 usd
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13900000 usd
CY2021 us-gaap Effective Income Tax Rate Reconciliation Fdii Amount
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CY2022 us-gaap Income Tax Reconciliation Tax Contingencies
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3800000 usd
CY2021 us-gaap Income Tax Reconciliation Tax Contingencies
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CY2020 us-gaap Income Tax Reconciliation Tax Contingencies
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CY2020 us-gaap Income Tax Reconciliation Other Adjustments
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CY2022 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Income Tax Expense Benefit
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CY2020 us-gaap Income Tax Expense Benefit
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CY2022Q4 us-gaap Income Tax Receivable
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CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
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CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
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107600000 usd
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
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108300000 usd
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
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CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2020 axl Tax Adjustments Settlements And Unusual Provisions Interest And Penalties
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CY2020 axl Unrecognized Income Tax Benefit Interest And Penalties Change From Foreign Currency
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CY2020Q4 us-gaap Unrecognized Tax Benefits
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CY2020Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
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CY2021 axl Unrecognized Income Tax Benefit Interest And Penalties Change From Foreign Currency
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CY2021Q4 us-gaap Unrecognized Tax Benefits
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CY2021Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Foreign Currency Translation
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CY2022Q4 us-gaap Unrecognized Tax Benefits
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CY2022Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
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CY2022Q4 us-gaap Unrecognized Tax Benefits
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CY2021Q4 us-gaap Unrecognized Tax Benefits
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CY2022 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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CY2021 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
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CY2020 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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CY2022Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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CY2021Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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CY2022Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2022Q4 axl Assessed Tax Liability And Interest Notice Of Tax Due
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CY2022 us-gaap Net Income Loss
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CY2021 us-gaap Net Income Loss
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CY2020 us-gaap Net Income Loss
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CY2022 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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CY2021 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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CY2020 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022 us-gaap Earnings Per Share Basic
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CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2022 axl Weightedaveragecommonsharesandparticipatingsecuritiesoutstandingbasic
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CY2021 axl Weightedaveragecommonsharesandparticipatingsecuritiesoutstandingbasic
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CY2020 axl Weightedaveragecommonsharesandparticipatingsecuritiesoutstandingbasic
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CY2021 axl Participatingsecuritiesbasic
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CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2021Q4 us-gaap Product Warranty Accrual
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CY2020Q4 us-gaap Product Warranty Accrual
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CY2021 us-gaap Product Warranty Accrual Preexisting Increase Decrease
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CY2021 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
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CY2022Q4 us-gaap Product Warranty Accrual
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CY2021Q4 us-gaap Product Warranty Accrual
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CY2022 us-gaap Revenue Performance Obligation Description Of Payment Terms
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CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2022Q4 us-gaap Deferred Revenue Current
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CY2021 us-gaap Contract With Customer Liability Revenue Recognized
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CY2021 axl Totalfinanceleasecost
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CY2022 us-gaap Operating Lease Cost
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CY2021 us-gaap Operating Lease Cost
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CY2020 us-gaap Operating Lease Cost
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CY2022 us-gaap Short Term Lease Cost
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CY2021 us-gaap Short Term Lease Cost
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CY2020 us-gaap Short Term Lease Cost
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CY2022 us-gaap Variable Lease Cost
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CY2021 us-gaap Variable Lease Cost
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CY2022 axl Totalleasecost
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CY2021 axl Totalleasecost
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CY2020 axl Totalleasecost
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CY2021 us-gaap Finance Lease Interest Payment On Liability
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CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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CY2020Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
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0.048
CY2020Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
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CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.054
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
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CY2022Q4 us-gaap Finance Lease Right Of Use Asset
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CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
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CY2021Q4 us-gaap Operating Lease Right Of Use Asset
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CY2022Q4 us-gaap Finance Lease Liability
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CY2022Q4 us-gaap Operating Lease Liability
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CY2021Q4 us-gaap Finance Lease Liability
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CY2021Q4 us-gaap Operating Lease Liability
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axl Insurance Deductible Expense
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CY2022 axl Business Interruption Charges
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CY2022 us-gaap Proceeds From Insurance Settlement Operating Activities
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CY2022 us-gaap Proceeds From Insurance Settlement Investing Activities
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CY2022 us-gaap Gain Loss Related To Litigation Settlement
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CY2022Q4 us-gaap Estimated Insurance Recoveries
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axl Business Interruption Charges
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us-gaap Tangible Asset Impairment Charges
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axl Estimated Insurance Recoveries Before Amounts Collected
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axl Proceeds From Insurance Settlement Operating And Investing Activities
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CY2020 axl Proceeds From Insurance Settlement Operating And Investing Activities
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CY2021 axl Proceeds From Insurance Settlement Operating And Investing Activities
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CY2022 axl Proceeds From Insurance Settlement Operating And Investing Activities
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us-gaap Business Combination Provisional Information Initial Accounting Incomplete Items
BusinessCombinationProvisionalInformationInitialAccountingIncompleteItems
The primary areas of the preliminary purchase allocation that are not yet finalized relate to property, plant and equipment and deferred income tax assets and liabilities.
us-gaap Business Combination Provisional Information Initial Accounting Incomplete Reasons
BusinessCombinationProvisionalInformationInitialAccountingIncompleteReasons
The fair values of the assets acquired and liabilities assumed are based on our preliminary estimates and assumptions, as well as other information compiled by management, including valuations that utilize customary valuation procedures and techniques. While we believe that these preliminary estimates provide a reasonable basis for estimating the fair value of the assets acquired and liabilities assumed, we will continue to evaluate available information prior to finalization of the amounts.
CY2021 us-gaap Proceeds From Divestiture Of Businesses
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CY2021 us-gaap Gain Loss On Sale Of Business
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CY2022 axl Sales Revenue Goods Net Inclusiveof Intersegment Sales
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CY2022 us-gaap Revenues
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CY2021 axl Sales Revenue Goods Net Intersegment Sales
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CY2021 us-gaap Revenues
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CY2021 axl Segment Adjusted Ebitda
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CY2021Q4 us-gaap Assets
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CY2020 axl Sales Revenue Goods Net Inclusiveof Intersegment Sales
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CY2020 axl Sales Revenue Goods Net Intersegment Sales
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CY2020 us-gaap Revenues
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CY2020 axl Segment Adjusted Ebitda
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CY2020 us-gaap Depreciation Depletion And Amortization
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CY2020 us-gaap Payments To Acquire Property Plant And Equipment
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CY2020Q4 us-gaap Assets
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CY2022 axl Segment Adjusted Ebitda
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CY2021 axl Segment Adjusted Ebitda
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CY2020 axl Segment Adjusted Ebitda
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CY2022 us-gaap Interest Expense
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174500000 usd
CY2021 us-gaap Interest Expense
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195200000 usd
CY2020 us-gaap Interest Expense
InterestExpense
212300000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
492100000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
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544300000 usd
CY2020 us-gaap Depreciation Depletion And Amortization
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521900000 usd
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
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CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
510000000.0 usd
CY2022 axl Restructuringandacquisitionrelatedcosts
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30200000 usd
CY2021 axl Restructuringandacquisitionrelatedcosts
Restructuringandacquisitionrelatedcosts
49400000 usd
CY2020 axl Restructuringandacquisitionrelatedcosts
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67200000 usd
CY2022 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1
0 usd
CY2021 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1
-42300000 usd
CY2020 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1
-500000 usd
CY2022 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
0 usd
CY2021 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
-2700000 usd
CY2020 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
-1000000.0 usd
CY2022 us-gaap Debt And Equity Securities Unrealized Gain Loss
DebtAndEquitySecuritiesUnrealizedGainLoss
-25500000 usd
CY2021 us-gaap Debt And Equity Securities Unrealized Gain Loss
DebtAndEquitySecuritiesUnrealizedGainLoss
24400000 usd
CY2020 us-gaap Debt And Equity Securities Unrealized Gain Loss
DebtAndEquitySecuritiesUnrealizedGainLoss
0 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-6400000 usd
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-34000000.0 usd
CY2020 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-7900000 usd
CY2022 axl Gain Loss On Insurance Proceeds Related To Property Damage
GainLossOnInsuranceProceedsRelatedToPropertyDamage
-39100000 usd
CY2021 axl Gain Loss On Insurance Proceeds Related To Property Damage
GainLossOnInsuranceProceedsRelatedToPropertyDamage
-11400000 usd
CY2020 axl Gain Loss On Insurance Proceeds Related To Property Damage
GainLossOnInsuranceProceedsRelatedToPropertyDamage
9300000 usd
CY2022 axl Fair Value Inventory Adjustment From Acquisition Of Tekfor
FairValueInventoryAdjustmentFromAcquisitionOfTekfor
5000000.0 usd
CY2021 axl Fair Value Inventory Adjustment From Acquisition Of Tekfor
FairValueInventoryAdjustmentFromAcquisitionOfTekfor
0 usd
CY2020 axl Fair Value Inventory Adjustment From Acquisition Of Tekfor
FairValueInventoryAdjustmentFromAcquisitionOfTekfor
0 usd
CY2022 us-gaap Business Combination Bargain Purchase Gain Recognized Amount
BusinessCombinationBargainPurchaseGainRecognizedAmount
13600000 usd
CY2021 us-gaap Business Combination Bargain Purchase Gain Recognized Amount
BusinessCombinationBargainPurchaseGainRecognizedAmount
0 usd
CY2020 us-gaap Business Combination Bargain Purchase Gain Recognized Amount
BusinessCombinationBargainPurchaseGainRecognizedAmount
0 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
66300000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1200000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-610300000 usd
CY2022 us-gaap Revenues
Revenues
5802400000 usd
CY2021 us-gaap Revenues
Revenues
5156600000 usd
CY2020 us-gaap Revenues
Revenues
4710800000 usd
CY2022Q4 us-gaap Noncurrent Assets
NoncurrentAssets
3357000000 usd
CY2021Q4 us-gaap Noncurrent Assets
NoncurrentAssets
3658600000 usd
CY2020Q4 us-gaap Noncurrent Assets
NoncurrentAssets
3931500000 usd
CY2022 dei Auditor Name
AuditorName
Deloitte & Touche LLP
CY2022 dei Auditor Location
AuditorLocation
Detroit, Michigan
CY2022 dei Auditor Firm
AuditorFirmId
34

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